<SEC-DOCUMENT>0000891804-17-000460.txt : 20170706
<SEC-HEADER>0000891804-17-000460.hdr.sgml : 20170706
<ACCEPTANCE-DATETIME>20170706112403
ACCESSION NUMBER:		0000891804-17-000460
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20170430
FILED AS OF DATE:		20170706
DATE AS OF CHANGE:		20170706
EFFECTIVENESS DATE:		20170706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nuveen AMT-Free Municipal Credit Income Fund
		CENTRAL INDEX KEY:			0001090116
		IRS NUMBER:				752998730
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-09475
		FILM NUMBER:		17951289

	BUSINESS ADDRESS:	
		STREET 1:		333 WEST WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178146

	MAIL ADDRESS:	
		STREET 1:		333 WEST WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund
		DATE OF NAME CHANGE:	20160411

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN DIVIDEND ADVANTAGE MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	20120106

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN INSURED DIVIDEND ADVANTAGE MUNICIPAL FUND
		DATE OF NAME CHANGE:	19990709
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Washington, D.C. 20549</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Investment Company Act file number <font style="TEXT-DECORATION: underline; DISPLAY: inline">811-09475</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; TEXT-DECORATION: underline; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Nuveen AMT-Free Municipal Credit Income Fund</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Exact name of registrant as specified in charter)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Nuveen Investments</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">333 West Wacker Drive</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Address of principal executive offices) (Zip code)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Gifford R. Zimmerman</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Nuveen Investments</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">333 West Wacker Drive</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; TEXT-DECORATION: underline; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Chicago, IL 60606</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Name and address of agent for service)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Registrant's telephone number, including area code: <font style="TEXT-DECORATION: underline; DISPLAY: inline">(312) 917-7700</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date of fiscal year end:&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">October 31</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date of reporting period: <font style="TEXT-DECORATION: underline; DISPLAY: inline">April&#160;30, 2017</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">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.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">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.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 1. REPORTS TO STOCKHOLDERS.</div>

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<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Life is Complex</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Nuveen makes things e-simple.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">It only takes a minute to sign up for e-Reports. Once enrolled, you&#8217;ll receive an e-mail as soon as your Nuveen Fund information is ready&#8212;no more waiting for delivery by regular mail. Just click on the link within the e-mail to see the report and save it on your computer if you wish.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Free e-Reports right to your e-mail!</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px"><b>www.investordelivery.com</b><br>
 If you receive your Nuveen Fund dividends and statements from your financial advisor or brokerage account.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">or</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px"><b>www.nuveen.com/accountaccess</b><br>
 If you receive your Nuveen Fund dividends and statements directly from Nuveen.</p>

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<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Table of Contents</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

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<td style="FONT-SIZE: 10pt; WIDTH: 66%">Chairman&#8217;s Letter to Shareholders</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 34%">4</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Portfolio Managers&#8217; Comments</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Fund Leverage</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Common Share Information</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Risk Considerations</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Performance Overview and Holding Summaries</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Portfolios of Investments</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Statement of Assets and Liabilities</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">120</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Statement of Operations</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">121</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Statement of Changes in Net Assets</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">122</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Statement of Cash Flows</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">123</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Financial Highlights</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">124</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Notes to Financial Statements</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">130</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
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<td style="FONT-SIZE: 10pt">Additional Fund Information</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">148</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Glossary of Terms Used in this Report</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">149</td>
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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt">Reinvest Automatically, Easily and Conveniently</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">151</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">3</div>
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<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Chairman&#8217;s Letter to Shareholders</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

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<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Dear Shareholders,</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Whether politics or the economy will prevail over the financial markets this year has been a much-analyzed question. After the U.S. presidential election, stocks rallied to new all-time highs, bonds tumbled, and business and consumer sentiment grew pointedly optimistic. But, to what extent the White House can translate rhetoric into stronger economic and corporate earnings growth remains to be seen. Stock prices have experienced upward momentum driven by positive economic news and earnings growth, inflation is ticking higher and interest rates are higher amid the Federal Reserve (Fed) rate hikes.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The Trump administration&#8217;s early policy decisions have caused the markets to reassess their outlooks, cooling the stock market rally and stabilizing bond prices. The White House&#8217;s pro-growth agenda of tax reform, infrastructure spending and deregulation remains on the table, but there is growing recognition that it may look different than Wall Street had initially expected. Additionally, Brexit negotiations in the U.K. face new uncertainties in light of the reshuffling of Parliament following the June snap election.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Nevertheless, there is a case for optimism. The jobs recovery, firming wages, the housing market and confidence measures are supportive of continued expansion in the economy. The Fed enacted a series of interest rate hikes in December 2016, March 2017 and June 2017, a vote of confidence that its employment and inflation targets are generally on track. Economies outside the U.S. have strengthened in recent months, possibly heralding the beginnings of a global synchronized recovery. Furthermore, the populist/nationalist undercurrent that helped deliver President Trump&#8217;s win and triggered the U.K.&#8217;s Brexit remained in the minority during both March&#8217;s Dutch general election and May&#8217;s French presidential election, easing the political uncertainty surrounding Germany&#8217;s elections later this year.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">In the meantime, the markets will be focused on economic sentiment surveys along with &#8220;hard&#8221; data such as consumer and business spending to gauge the economy&#8217;s progress. With the Fed now firmly in tightening mode, rate moves that are more aggressive than expected could spook the markets and potentially stifle economic growth. On the political economic front, President Trump&#8217;s other signature platform plank, protectionism, is arguably anti-growth. We expect some churning in the markets as these issues sort themselves out.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Market volatility readings have been remarkably low of late, but conditions can change quickly. As market conditions evolve, Nuveen remains committed to rigorously assessing opportunities and risks. If you&#8217;re concerned about how resilient your investment portfolio might be, we encourage you to talk to your financial advisor. 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.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Sincerely,</p>

<p style="COLOR: red; PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px"><img src="sign.jpg"></p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px"><font style="FONT-SIZE: 10pt">William J. Schneider</font><br>
<font style="FONT-SIZE: 10pt">Chairman of the Board</font><br>
<font style="FONT-SIZE: 10pt">June 23, 2017</font></p>

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<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Portfolio Managers&#8217; Comments</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px"><b>Nuveen Enhanced AMT-Free Credit Income Fund (NVG) </b><br>
<b>Nuveen Enhanced Municipal Credit Income Fund (NZF) </b><br>
<b>Nuveen Municipal High Income Opportunity Fund (NMZ)</b></p>

<p style="PADDING-TOP: 8pt; FONT: italic 10pt Arial; MARGIN: 0pt 0px">These Funds feature portfolio management by Nuveen Asset Management, LLC, an affiliate of Nuveen, LLC. Portfolio managers John V. Miller, CFA, Paul L. Brennan, CFA, and Scott R. Romans, PhD discuss key investment strategies and the six-month performance of these three national Funds. </p>

<p style="PADDING-TOP: 8pt; FONT: italic 10pt Arial; MARGIN: 0pt 0px">On March 14, 2017, the Nuveen Fund Board approved the primary benchmark for NMZ from the S&amp;P Municipal High Yield Index to the S&amp;P Municipal Yield Index. The primary benchmark was changed to better reflect the Fund&#8217;s mandate in conjunction with how the Fund is being managed. </p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">What key strategies were used to manage these Funds during the six-month reporting period ended April 30, 2017?</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The overall municipal bond market sold off sharply in the first two months of the reporting period following the unexpected U.S. presidential election outcome and concerns that the Trump administration&#8217;s tax, regulatory, health care and infrastructure policy might have a negative impact on the demand for, as well as the performance of, municipal bonds. However, as the new administration&#8217;s term began, the municipal bond market partially recovered the earlier losses, supported by the market pricing in more realistic expectations about reforms and a better understanding of the limited impact it would have on the municipal market. For the reporting period overall, interest rates rose and credit spreads widened, which were headwinds for municipal bond performance, offsetting a generally positive fundamental backdrop. During this time, we continued to take a bottom-up approach to discovering sectors that appeared undervalued as well as individual credits that we believed had the potential to perform well over the long term.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Our trading activity continued to focus on pursuing the Funds&#8217; investment objectives. Generally speaking, throughout this reporting period, the Funds maintained their overall positioning strategies in terms of duration and yield curve positioning, credit quality exposures and sector allocations.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">NVG and NZF slightly increased their exposures to BBB rated bonds over the reporting period, as we found attractive opportunities to add lower rated bonds across a number of sectors. Purchases in NVG included several tax-supported credits, including land-secured bonds and tax-backed bonds issued for New Jersey and the Chicago Board of Education Capital Improvement. We also bought charter school credits and tobacco securitization bonds for NVG. NZF added to positions across many of the same sectors as NVG, including credits issued for airports, hospitals, toll roads, land-secured (which are bonds secured by real estate values), charter schools, tobacco securitization, and Illinois and Illinois-related sectors. Additionally, the market conditions during the report-</p>

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<td style="FONT-SIZE: 10pt"><b>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.</b></td>
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<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">The ratings disclosed are the lowest rating given by one of the following national rating agencies: Standard &amp; Poor&#8217;s (S&amp;P), Moody&#8217;s Investors Service, Inc. (Moody&#8217;s) or Fitch, Inc. (Fitch). 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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">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&#8217; ability to meet their commitments.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.</p>

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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">ing period provided attractive opportunities for tax loss swaps. This strategy involves selling lower coupon bonds that were bought when interest rates were lower and using the proceeds to buy similarly structured bonds with higher coupons, to capitalize on the tax loss (which can be used to offset future taxable gains) and boost the Funds&#8217; income distribution capabilities. Outside of these one-for-one bond swaps, elevated call activity provided most of the proceeds for NVG&#8217;s and NZF&#8217;s buying activity.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">NMZ also saw a significant amount of call activity in this reporting period, which we reinvested across many of the longstanding investment themes in the portfolio. We continued to emphasize California-based bonds and the education sector, with purchases in a California Baptist University issue and a Chicago Board of Education Capital Improvement bond (which was also bought by NVG and NZF, as mentioned earlier in this commentary). NMZ also continued to hold an overweight allocation to land-secured credits, adding positions in Boggy Creek Improvement District in Florida, Miami World Center in Florida and Temecula Community Facilities in California. While call proceeds funded nearly all of the purchases during this reporting period, we also reinvested the proceeds from selling a position in Westchester County Hospital in New York due to a deteriorating credit outlook.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As of April 30, 2017, the Funds continued to use inverse floating rate securities. We employ inverse floaters for a variety of reasons, including duration management and income and total return enhancement. As part of our duration management strategies, NVG continued to invest in forward interest rates swaps to help reduce price volatility risk due to movements in U.S. interest rates relative to the Fund&#8217;s benchmark. The interest rate swaps had a negligible impact on performance during this reporting period.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">How did the Funds perform during the six-month reporting period ended April 30, 2017?</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The tables in each Fund&#8217;s Performance Overview and Holding Summaries section of this report provide the Funds&#8217; total returns for the six-month, one-year, five-year, ten-year and since inception periods ended April 30, 2017. Each Fund&#8217;s total returns at net asset value (NAV) are compared with the performance of a corresponding market index.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">For the six months ended April 30, 2017, the total returns at NAV for all three of these Funds underperformed the return for the national S&amp;P Municipal Bond Index. NVG and NZF trailed the return for the secondary benchmark (composed of 60% S&amp;P Municipal Bond Investment Grade Index and 40% S&amp;P Municipal Bond High Yield Index), and NMZ underperformed the return on the S&amp;P Municipal Bond High Yield Index and the S&amp;P Municipal Yield Index.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The main detractor from the Funds&#8217; relative performance in this reporting period was duration and yield curve positioning. The Funds held longer durations than the benchmark indexes and heavier weightings in the longest duration segments (including meaningful exposure to zero coupon bonds in NVG and NZF), which were disadvantageous as the yield curve steepened and caused longer bonds to underperform shorter bonds.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The performance of NVG and NZF was also influenced by credit ratings allocations, sector positioning and security selection. The two Funds&#8217; credit ratings allocations were beneficial to performance. NVG was aided by its allocations to single B rated bonds, primarily because of the outperformance of tobacco securitization bonds, although the Fund&#8217;s exposures to the single A and BBB rated categories detracted from performance. NZF had positive contributions to performance from its single B, BB and non-rated bonds. However, the two Funds&#8217; sector positioning was unfavorable in this reporting period, with underperformance driven by some holdings in the public power sector. NVG and NZF had positions in South Carolina Public Service Authority/Santee Cooper bonds and Georgia Municipal Electric bonds, which suffered because of negative news concerning their nuclear power projects. However, the two Funds&#8217; exposures to tobacco securitization and pre-refunded bonds, two of the best-performing sectors, added value. Tobacco securitization bonds were a standout performer in this reporting period as refunding activity reduced supply and created more favorable technical conditions for the sector, and the fundamental outlook for the sector improved after a report that cigarette</p>

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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">smoking rates have declined less than forecasted. The pre-refunded sector was boosted by its short maturity, high credit quality profile, as these characteristics were more resilient in the municipal bond market&#8217;s post-election sell-off. Additionally, the Funds&#8217; selection in Puerto Rico bonds aided relative performance. Although Puerto Rico credits in general performed poorly in this reporting period, our selections, all of which were insured bonds, fared relatively well.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">NMZ, which is primarily compared to the S&amp;P Municipal Bond High Yield Index, was also hurt by its duration and yield curve positioning in this reporting period. However, positive contributions to performance came from bonds with a combination of greater credit sensitivity and less interest rate sensitivity. For example, the Chicago Board of Education Capital Improvement bonds (discussed in the strategy section of this commentary) outperformed in this reporting period due to stabilization in the school system&#8217;s financial and legal status and some movement on school funding reform at the state level. Bonds that traded more on their fundamentals than on market conditions also performed well, such as the All Aboard Florida (AAF) Project, a high speed rail system targeted to connect Miami, Fort Lauderdale and Palm Beach. The credit offers a short duration and high coupon, which made it less subject to market fluctuations with an attractive source of income. Like NVG and NZF, tobacco securitization bonds were strong performers for NMZ. NMZ&#8217;s holdings in Golden State Tobacco Settlement and an Ohio Buckeye Tobacco Settlement issues contributed positively to performance. In addition, the use of regulatory leverage was an important factor affecting performance of the Funds. Leverage is discussed in more detail later in the Fund Leverage section of this report.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">An Update Involving Puerto Rico</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As noted in the Funds&#8217; previous shareholder reports, we continue to monitor situations in the broader municipal market for any impact on the Funds&#8217; holdings and performance: Puerto Rico&#8217;s ongoing debt restructuring is one such case. Puerto Rico began warning investors in 2014 the island&#8217;s debt burden might prove to be unsustainable and the Commonwealth pursued various strategies to deal with this burden.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">In June 2016, President Obama signed the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) into law. The legislation established an independent Financial Oversight and Management Board charged with restructuring Puerto Rico&#8217;s financial operations and encouraging economic development. In addition to creating an oversight board, PROMESA also provides a legal framework and court-supervised debt restructuring process that enables Puerto Rico to adjust its debt obligations. In March 2017, the oversight board certified a ten-year fiscal plan projecting revenues, expenditures and a primary fiscal surplus available for debt service over the plan horizon. The fiscal plan was considered quite detrimental to creditors, identifying available resources to pay only about 24% of debt service due over the ten year term. In May 2017 (subsequent to the close of this reporting period), the oversight board initiated a bankruptcy-like process for the general government, general obligation debt, the Puerto Rico Sales Tax Financing Corporation (COFINA), the Highways and Transportation Authority (HTA), and the Employee Retirement System. Officials have indicated more public corporations could follow. As of June 2017 Puerto Rico has defaulted on many of its debt obligations, including General Obligation bonds.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">In terms of Puerto Rico holdings, shareholders should note that, as of the end of this reporting period, NVG and NZF had limited exposure, which was either insured or investment grade, to Puerto Rico debt, 0.38% and 0.23%, respectively, and NMZ did not hold any Puerto Rico bonds. The Puerto Rico credits offered higher yields, added diversification and triple exemption (i.e., exemption from most federal, state and local taxes). Puerto Rico general obligation debt is currently in default and rated Caa3/D/D by Moody&#8217;s, S&amp;P and Fitch, respectively, with negative outlooks.</p>

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<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">A Note About Investment Valuations</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The municipal securities held by the Funds are valued by the Funds&#8217; pricing service using a range of market-based inputs and assumptions. A different municipal pricing service might incorporate different assumptions and inputs into its valuation methodology, potentially resulting in different values for the same securities. These differences could be significant, both as to such individual securities, and as to the value of a given Fund&#8217;s portfolio in its entirety. Thus, the current net asset value of a Fund&#8217;s shares may be impacted, higher or lower, if the Fund were to change its pricing service, or if its pricing service were to materially change its valuation methodology. On October 4, 2016, the Funds&#8217; current municipal bond pricing service was acquired by the parent company of another pricing service. The two services have not yet combined their valuation organizations and process, but they announced in March 2017, that they anticipate doing so sometime in the ensuing several months. Such changes could have an impact on the net asset value of the Fund&#8217;s shares.</p>

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<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Fund Leverage</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">IMPACT OF THE FUNDS&#8217; LEVERAGE STRATEGIES ON PERFORMANCE</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">One important factor impacting the returns of the Funds relative to their comparative benchmarks was the Funds&#8217; use of leverage through their issuance of preferred shares and/or investments in inverse floating rate securities, which represent leveraged investments in underlying bonds. The Funds use leverage because our research has shown that, over time, leveraging provides opportunities for additional income, particularly in the recent market environment where short-term market rates are at or near historical lows, meaning that the short-term rates the Fund has been paying on its leveraging instruments have been much lower than the interest the Fund has been earning on its portfolio of long-term bonds that it has bought with the proceeds of that leverage. However, use of leverage also can expose the Fund to additional price volatility. When a Fund uses leverage, the Fund will experience a greater increase in its net asset value if the municipal bonds acquired through the use of leverage increase in value, but it will also experience a correspondingly larger decline in its net asset value if the bonds acquired through leverage decline in value, which will make the Fund&#8217;s net asset value more volatile, and its total return performance more variable over time. In addition, income in levered funds will typically decrease in comparison to unlevered funds when short-term interest rates increase and increase when short-term interest rates decrease. Leverage had a negative impact on the performance of these Funds over this reporting period.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As of April 30, 2017, the Funds&#8217; percentages of leverage are as shown in the accompanying table.</p>

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<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"><b>NMZ</b></td>
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<td style="FONT-SIZE: 10pt">Effective Leverage*</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">38.79%</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">37.68%</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34.37%</td>
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<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Regulatory Leverage*</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">34.02%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">35.47%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.11%</td>
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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z3d3f05144f664da4be37643e419f920d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 3%">*</td>
<td style="FONT-SIZE: 10pt; WIDTH: 97%">Effective Leverage is a Fund&#8217;s effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund&#8217;s portfolio that increase the Fund&#8217;s investment exposure. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any regulatory leverage. Regulatory leverage consists of preferred shares issued or borrowings of a Fund. Both of these are part of a Fund&#8217;s capital structure. A Fund, however, may from time to time borrow on a typically transient basis in connection with its day-to-day operations, primarily in connection with the need to settle portfolio trades. Such incidental borrowings are excluded from the calculation of a Fund&#8217;s effective leverage ratio. Regulatory leverage is subject to asset coverage limits set forth in the Investment Company Act of 1940.</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">9</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px"><b>Fund Leverage </b>(continued)</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">THE FUNDS&#8217; REGULATORY LEVERAGE</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As of April 30, 2017, the Funds have issued and outstanding Institutional MuniFund Term Preferred (iMTP) Shares, Variable Rate MuniFund Term Preferred (VMTP) Shares and/or Variable Rate Demand Preferred (VRDP) Shares as shown in the accompanying table.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zeb73c6938c354bbb8a6efbd90dc800be" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="5"><b>iMTP Shares</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="5"><b>VMTP Shares</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="5"><b>VRDP Shares</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right" colspan="2">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 7%"><b>Fund</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 11%"><b>Series</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b><br>
<b>Issued at</b><br>
<b>Liquidation</b><br>
<b>Preference</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b><br>
<b>Issued at</b><br>
<b>Liquidation</b><br>
<b>Preference</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b><br>
<b>Issued at</b><br>
<b>Liquidation</b><br>
<b>Preference</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">NVG</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2018</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">240,400,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">179,000,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">385,400,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">180,000,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">340,500,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">326,700,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">240,400,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">1,411,600,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">1,652,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">NZF</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2017</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">150,000,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2019</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">336,000,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">268,800,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">262,200,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">196,000,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">150,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">336,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">727,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,213,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">NMZ</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">2018</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">87,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">87,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">During the current reporting period, NVG refinanced all of its outstanding Series 3 VRDP Shares with the issuance of new Series 5 and Series 6 VRDP Shares.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Refer to Notes to Financial Statements, Note 4 &#8212; Fund Shares, Preferred Shares for further details on iMTP, VMTP and VRDP Shares and each Fund&#8217;s respective transactions.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Subsequent to the close of the current reporting period, NZF issued $150,000,000 Series A MuniFund Preferred (MFP) Shares at liquidation preference. The Fund used the net proceeds from the sale of MFP Shares to redeem all of its outstanding Series 2017 iMTP Shares.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">10</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Common Share Information</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">COMMON SHARE DISTRIBUTION INFORMATION</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The following information regarding the Funds&#8217; distributions is current as of April 30, 2017. Each Fund&#8217;s distribution levels may vary over time based on each Fund&#8217;s investment activity and portfolio investments value changes.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">During the current reporting period, each Fund&#8217;s distributions to common shareholders were as shown in the accompanying table.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zd75abbad621a460982de6e435bc522db" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="8"><b>Per Common Share Amounts</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 60%"><b>Monthly Distributions (Ex-Dividend Date)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">November 2016</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">December</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">January</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">February</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">March</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.0675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">April 2017</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0725</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0740</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0675</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">Total Monthly Per Share Distributions</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.4385</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.4460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0.4070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Ordinary Income Distribution*</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0011</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0020</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0053</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>Total Distributions from Net Investment Income</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.4396</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.4480</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.4123</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>Total Distributions from Long-Term Capital Gains*</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0292</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0018</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total Distributions</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">0.4688</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">0.4498</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">0.4123</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>Yields</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">Market Yield**</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5.87</td>
<td style="FONT-SIZE: 10pt">%</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6.04</td>
<td style="FONT-SIZE: 10pt">%</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6.13</td>
<td style="FONT-SIZE: 10pt">%</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">Taxable-Equivalent Yield**</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">8.15</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">8.39</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">8.51</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">%</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zde50a2ab6a4641368850fd0bd4f387f3" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 4%">*</td>
<td style="FONT-SIZE: 10pt; WIDTH: 96%">Distribution paid in December 2016.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">**</td>
<td style="FONT-SIZE: 10pt">Market Yield is based on the Fund&#8217;s current annualized monthly dividend divided by the Fund&#8217;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 28.0%. When comparing a Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Each Fund in this report 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. If a Fund has cumulatively earned more than it has paid in dividends, it will hold the excess in reserve as undistributed net investment income (UNII) as part of the Fund&#8217;s net asset value. Conversely, if a Fund has cumulatively paid in dividends more than it has earned, the excess will constitute a negative UNII that will likewise be reflected in the Fund&#8217;s net asset value. Each Fund will, over time, pay all its net investment income as dividends to shareholders.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As of April 30, 2017, all the Funds had positive UNII balances, based upon our best estimate, for tax purposes and positive UNII balances for financial reporting purposes.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">All monthly dividends paid by each Fund during the current reporting period were paid from net investment income. If a portion of the Fund&#8217;s monthly distributions was sourced from or comprised of elements other than net investment income, including capital gains and/or a return of capital, shareholders would have received a notice to that effect. For financial reporting purposes, the composition and per share amounts of each Fund&#8217;s dividends for the reporting period are presented in this report&#8217;s Statement of Changes in Net Assets and Financial Highlights, respectively. For income tax purposes, distribution information for each Fund as of its most recent tax year end is presented in Note 6 &#8212; Income Tax Information within the Notes to Financial Statements of this report.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">11</div>
</td>
</tr>
</table>

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</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px"><b>Common Share Information </b>(continued)</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">COMMON SHARE EQUITY SHELF PROGRAMS</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">During the current reporting period, NMZ was authorized by the Securities and Exchange Commission (SEC) to issue additional common shares through an equity shelf program (Shelf Offering). Under this program, NMZ, 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&#8217;s NAV per common share. Under the Shelf Offering, the Fund was authorized to issue additional common shares as shown in the accompanying table.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zf76a328f3a04407ea32fd31fcd6f3561" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 89%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Additional authorized common shares</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13,200,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">During the current reporting period, NMZ sold common shares through its Shelf Offering at a weighted average premium to its NAV per common share as shown in the accompanying table.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z73b2e7bff0fa47e1911744a3fa58c90c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 89%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">Common shares sold through Shelf Offering</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,473,161</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Weighted average premium to NAV per common share sold</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.21</td>
<td style="BORDER-BOTTOM: black 1pt solid">%</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Refer to Notes to Financial Statements, Note 4 &#8211; Fund Shares, Common Shares Equity Shelf Programs and Offering Costs for further details of Shelf Offerings and the Fund&#8217;s transactions.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">COMMON SHARE REPURCHASES</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">During August 2016, the Funds&#8217; Board of Trustees reauthorized an open-market share repurchase program, allowing each Fund to repurchase an aggregate of up to approximately 10% of its outstanding shares.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As of April 30, 2017, and since the inception of the Funds&#8217; repurchase programs, the Funds have cumulatively repurchased and retired their outstanding common shares as shown in the accompanying table.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z955397a56ae8494fbdefe996289bcd64" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 69%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">Common shares cumulatively repurchased and retired</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">202,500</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">47,500</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">0</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Common shares authorized for repurchase</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">20,255,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">14,215,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5,745,000</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">During the current reporting period, the Funds did not repurchase any of their outstanding common shares.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">OTHER COMMON SHARE INFORMATION</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">As of April 30, 2017, and during the current reporting period, the Funds&#8217; common share prices were trading at a premium/(discount) to their common share NAVs as shown in the accompanying table.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zc1f0aaf0d1bd4ecbb033e443f9308325" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial,; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: right"><b>NVG</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: right"><b>NZF</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: right"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="WIDTH: 61%">Common share NAV</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">15.82</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">15.53</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">13.09</td>
<td style="TEXT-ALIGN: left; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Common share price</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">14.83</td>
<td style="TEXT-ALIGN: left">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">14.71</td>
<td style="TEXT-ALIGN: left">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">$</td>
<td style="TEXT-ALIGN: right">13.22</td>
<td style="TEXT-ALIGN: left">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="TEXT-ALIGN: left">Premium/(Discount) to NAV</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">&#160;</td>
<td style="TEXT-ALIGN: right">(6.26</td>
<td style="TEXT-ALIGN: left">)%</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">&#160;</td>
<td style="TEXT-ALIGN: right">(5.28</td>
<td style="TEXT-ALIGN: left">)%</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">&#160;</td>
<td style="TEXT-ALIGN: right">0.99</td>
<td style="TEXT-ALIGN: left">%</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">6-month average premium/(discount) to NAV</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(7.31</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(6.96</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.45</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left">%</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">12</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

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</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: bold 18pt Arial; MARGIN: 0pt 0px">Risk Considerations</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Nuveen AMT-Free Municipal Credit Income Fund (NVG)</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Investing in closed-end funds involves risk; principal loss is possible. There is no guarantee the Fund&#8217;s investment objectives will be achieved. Closed-end fund shares may frequently trade at a discount or premium to their net asset value. <b>Debt or fixed income securities </b>such as those held by the Fund, are subject to market risk, credit risk, interest rate risk, derivatives risk, liquidity risk, and income risk. As interest rates rise, bond prices fall. <b>Lower credit debt </b>securities may be more likely to fail to make timely interest or principal payments. <b>Leverage </b>increases return volatility and magnifies the Fund&#8217;s potential return and its risks; there is no guarantee a fund&#8217;s leverage strategy will be successful. These and other risk considerations such as <b>inverse floater risk </b>and <b>tax risk </b>are described in more detail on the Fund&#8217;s web page at www.nuveen.com/NVG.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Nuveen Municipal Credit Income Fund (NZF)</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Investing in closed-end funds involves risk; principal loss is possible. There is no guarantee the Fund&#8217;s investment objectives will be achieved. Closed-end fund shares may frequently trade at a discount or premium to their net asset value. <b>Debt or fixed income securities </b>such as those held by the Fund, are subject to market risk, credit risk, interest rate risk, derivatives risk, liquidity risk, and income risk. As interest rates rise, bond prices fall. <b>Lower credit debt </b>securities may be more likely to fail to make timely interest or principal payments. <b>Leverage </b>increases return volatility and magnifies the Fund&#8217;s potential return and its risks; there is no guarantee a fund&#8217;s leverage strategy will be successful. These and other risk considerations such as <b>inverse floater risk </b>and <b>tax risk </b>are described in more detail on the Fund&#8217;s web page at www.nuveen.com/NZF.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Nuveen Municipal High Income Opportunity Fund (NMZ)</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Investing in closed-end funds involves risk; principal loss is possible. There is no guarantee the Fund&#8217;s investment objectives will be achieved. Closed-end fund shares may frequently trade at a discount or premium to their net asset value. <b>Debt or fixed income securities </b>such as those held by the Fund, are subject to market risk, credit risk, interest rate risk, derivatives risk, liquidity risk, and income risk. As interest rates rise, bond prices fall. <b>Lower credit debt </b>securities may be more likely to fail to make timely interest or principal payments. <b>Leverage </b>increases return volatility and magnifies the Fund&#8217;s potential return and its risks; there is no guarantee a fund&#8217;s leverage strategy will be successful. These and other risk considerations such as <b>inverse floater risk </b>and <b>tax risk </b>are described in more detail on the Fund&#8217;s web page at www.nuveen.com/NMZ.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">13</div>
</td>
</tr>
</table>

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</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="za27dc04fec1e4a87af50a0b0043de0f8" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 18pt; WIDTH: 13%"><b>NVG</b></td>
<td style="WIDTH: 87%"></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Performance Overview and Holding Summaries as of April 30, 2017</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Average Annual Total Returns as of April 30, 2017</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z18983dda68284f1cb19271f60758c0d4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Cumulative</b></td>
<td>&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="3"><b>Average Annual</b></td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 58%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>6-Month</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>1-Year</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>5-Year</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>10-Year</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">NVG at Common Share NAV</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(2.02)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(0.28)%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.56%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.90%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">NVG at Common Share Price</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.77%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.80%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.58%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.75%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">S&amp;P Municipal Bond Index</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(0.41)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.57%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.33%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.29%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">NVG Custom Blended Fund Performance Benchmark</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">(0.21)%</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">2.42%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">3.74%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">4.50%</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Past performance is not predictive of 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&#8217;s shares at NAV only. Indexes are not available for direct investment.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<p style="COLOR: red; PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px"><img src="nvg.jpg"></p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">14</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">This data relates to the securities held in the Fund&#8217;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.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The ratings disclosed are the lowest rating given by one of the following national rating agencies: Standard &amp; Poor&#8217;s Group, Moody&#8217;s Investors Service, Inc. or Fitch, Inc. 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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zbdbc51b888e4435ba09566247a651616" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 75%"><b>Fund Allocation</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 25%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of net assets)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Long-Term Municipal Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">156.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Corporate Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other Assets Less Liabilities</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"><b>Net Assets Plus Floating Rate Obligations, VMTP Shares, net of deferred offering costs &amp; VRDP Shares, net of deferred offering costs</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>158.2%</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Floating Rate Obligations</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(6.8)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">VMTP Shares, net of deferred offering costs</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(7.5)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">VRDP Shares, net of deferred offering costs</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(43.9)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Net Assets</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z4604d0c041774747b42429cc0ac2eb15" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 72%"><b>Portfolio Credit Quality</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 28%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total investment exposure)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">AAA/U.S. Guaranteed</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">AA</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">15.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">27.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">21.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">BB or Lower</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">16.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">N/R (not rated)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z84f649f3fc2446dc92f35bf7928f0f30" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 72%"><b>Portfolio Composition</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 28%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total investments)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Health Care</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19.8%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tax Obligation/Limited</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">16.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Transportation</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">U.S. Guaranteed</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">11.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Education and Civic Organizations</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tax Obligation/General</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Consumer Staples</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Utilities</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="ze2603b0d263e48ba938780bbec1ddf20" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 68%"><b>States and Territories</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 32%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total municipal bonds)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Illinois</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">14.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">California</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">12.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Texas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Ohio</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Colorado</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Jew Jersey</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Florida</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Pennsylvania</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">New York</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Indiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Washington</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Arizona</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Iowa</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Georgia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Michigan</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">South Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.8%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Massachusetts</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.8%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">15</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zd5b739e41be14d179b8bdb10f103eafa" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 18pt; WIDTH: 13%"><b>NZF</b></td>
<td style="WIDTH: 87%"></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Nuveen Municipal Credit Income Fund</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Performance Overview and Holding Summaries as of April 30, 2017</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Average Annual Total Returns as of April 30, 2017</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z308db90e5a7f4aa09b2fbb16c92f9190" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Cumulative</b></td>
<td>&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="3"><b>Average Annual</b></td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 58%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>6-Month</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>1-Year</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>5-Year</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>10-Year</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">NZF at Common Share NAV</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(2.11)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(0.65)%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.47%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6.07%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">NZF at Common Share Price</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.41%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.92%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.99%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.62%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">S&amp;P Municipal Bond Index</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(0.41)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.57%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.33%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.29%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">NZF Custom Blended Fund Performance Benchmark</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">(0.21)%</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">2.42%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">3.74%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">4.50%</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Past performance is not predictive of 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&#8217;s shares at NAV only. Indexes are not available for direct investment.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<p style="COLOR: red; PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px"><img src="nzf.jpg"></p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">16</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

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<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">This data relates to the securities held in the Fund&#8217;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.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The ratings disclosed are the lowest rating given by one of the following national rating agencies: Standard &amp; Poor&#8217;s Group, Moody&#8217;s Investors Service, Inc. or Fitch, Inc. 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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zc3e56726748947f0905f2e9921414bd7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 84%"><b>Fund Allocation</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 16%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of net assets)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Long-Term Municipal Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">154.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Corporate Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Investment Companies</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Short-Term Municipal Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other Assets Less Liabilities</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"><b>Net Assets Plus Floating Rate Obligations, iMTP Shares, net of deferred offering costs, VMTP Shares, net of deferred offering costs &amp; VRDP Shares, net of deferred offering costs</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>157.5%</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Floating Rate Obligations</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(2.8)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">iMTP Shares, net of deferred offering costs</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(6.8)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">VMTP Shares, net of deferred offering costs</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(15.2)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">VRDP Shares, net of deferred offering costs</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(32.7)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Net Assets</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z79979e57abf44d93b03097dff426d573" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 72%"><b>Portfolio Credit Quality</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 28%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total investment exposure)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">AAA/U.S. Guaranteed</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">11.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">AA</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">25.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">22.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">BB or Lower</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">18.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">N/R (not rated)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">N/A (not applicable)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zada9fa23cfdf43acb70a6692260800e9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 66%"><b>Portfolio Composition</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 34%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total investments)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tax Obligation/Limited</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">15.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Transportation</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">14.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Health Care</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">14.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tax Obligation/General</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">U.S. Guaranteed</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Consumer Staples</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Utilities</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">15.8%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z160e30aa28dd40d0a9770450b16023a4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 68%"><b>States and Territories</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 32%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total municipal bonds)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Illinois</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">17.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">California</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Texas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">10.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">New York</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Ohio</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Colorado</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Florida</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Indiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Pennsylvania</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">New Jersey</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.8%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Nevada</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Arizona</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Massachusetts</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Michigan</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">18.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">17</div>
</td>
</tr>
</table>

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<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z31aa38d6cd3f48b1a8beea25291d411b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 18pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="WIDTH: 87%"></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Performance Overview and Holding Summaries as of April 30, 2017</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">Average Annual Total Returns as of April 30, 2017</p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

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<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center"><b>Cumulative</b></td>
<td>&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="3"><b>Average Annual</b></td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 58%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>6-Month</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>1-Year</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>5-Year</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>10-Year</b></td>
<td style="BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">NMZ at Common Share NAV</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(1.22)%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.41%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.47%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.82%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">NMZ at Common Share Price</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.46%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(0.38)%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.20%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.47%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">S&amp;P Municipal Yield Index</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.11%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.95%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.55%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.68%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">S&amp;P Municipal Bond High Yield Index</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.15%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.89%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">6.22%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">4.79%</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid">S&amp;P Municipal Bond Index</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">(0.41)%</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">0.57%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">3.33%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">4.29%</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">Past performance is not predictive of 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&#8217;s shares at NAV only. Indexes are not available for direct investment.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<p style="COLOR: red; PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px"><img src="nmz.jpg"></p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">18</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

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<div><br>
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<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 0pt 0px">This data relates to the securities held in the Fund&#8217;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.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">The ratings disclosed are the lowest rating given by one of the following national rating agencies: Standard &amp; Poor&#8217;s Group, Moody&#8217;s Investors Service, Inc. or Fitch, Inc. 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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by these national rating agencies.</p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z1f1eaba0bc34456aa3589aa81d99fe90" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 68%"><b>Fund Allocation</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 32%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of net assets)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Long-Term Municipal Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">122.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Common Stocks</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Corporate Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Short-Term Municipal Bonds</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other Assets Less Liabilities</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>Net Assets Plus Floating Rate Obligations &amp; VMTP Shares, net of deferred offering costs</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"><b>131.2%</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Floating Rate Obligations</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(20.0)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><font style="FONT-SIZE: 10pt">VMTP Shares, net of deferred</font> offering costs</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">(11.2)%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Net Assets</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z5e3e8e50acb34a1aa923699f01171b0d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 72%"><b>Portfolio Credit Quality</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 28%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total investment exposure)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">AAA/U.S. Guaranteed</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">AA</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">14.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">BB or Lower</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">18.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">N/R (not rated)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">27.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">N/A (not applicable)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">0.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="z4fd0a36f0b424c07851702f34773de61" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 72%"><b>Portfolio Composition</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 28%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total investments)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tax Obligation/Limited</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">25.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Health Care</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Education and Civic Organizations</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">11.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">U.S. Guaranteed</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tax Obligation/General</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.5%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Consumer Staples</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Industrials</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Transportation</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">15.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="zdcb14f359c7946f08a9a9db5de2fb255" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 68%"><b>States and Territories</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 32%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid"><b>(% of total municipal bonds)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">California</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">13.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Florida</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">12.6%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Illinois</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">11.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">New York</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">8.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Colorado</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">7.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Texas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.4%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Ohio</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">5.1%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">New Jersey</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Arizona</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">3.2%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Tennessee</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.9%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Louisiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Pennsylvania</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.3%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Indiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2.0%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">Other</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">19.7%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid"><b>Total</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>100%</b></td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">19</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0pt 0px">&#160;</p>

<p style="PADDING-TOP: 8pt; MARGIN: 0px"></p>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd7630ad816f1459684677f30dbd0321a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 18pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 18pt"><b>Portfolio of Investments</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z411a328f0ab34e3c97a2c890acd9cf0a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>LONG-TERM INVESTMENTS &#8211; 156.2% (100.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>MUNICIPAL BONDS &#8211; 156.2% (100.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Alabama &#8211; 1.8% (1.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,645</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alabama Private Colleges and University Facilities Authority, Limited Obligation Bonds, University of Mobile Project, Series 2015A, 6.000%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,670,770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">35,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">42,394,181</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill College Project, Series 2015, 5.875%, 4/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,115,066</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Opelika Utilities Board, Alabama, Utility Revenue Bonds, Series 2011B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 6/01/29 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,297,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.250%, 6/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,042,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">The Improvement District of the City of Mobile &#8211; McGowin Park Project, Alabama, Sales Tax Revenue Bonds, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 8/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,024,170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/01/35</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,318,954</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">51,650</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Alabama</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">58,862,756</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Alaska &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,818,557</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">13,965</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">13,382,380</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">20,975</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Alaska</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">20,200,937</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arizona &#8211; 3.3% (2.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,230</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds, Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,493,614</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals Project, Refunding Series 2014A, 4.000%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,519,155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility Project, Refunding Senior Series 2012A, 5.000%, 7/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,787,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona State, Certificates of Participation, Department of Administration Series 2010B, 5.000%, 10/01/29 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,272,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Arizona State, Certificates of Participation, Series 2010A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 10/01/28 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,309,308</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 10/01/29 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,625,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona State, State Lottery Revenue Bonds, Series 2010A, 5.000%, 7/01/29 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,741,721</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cahava Springs Revitalization District, Cave Creek, Arizona, Special Assessment Bonds, Series 2017A, 7.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,430,104</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maricopa County Industrial Development Authority, Arizona, Health Facility Revenue Bonds, Catholic Healthcare West, Series 2007A, 5.250%, 7/01/32 (Pre-refunded 7/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,199,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Mesa, Arizona, Utility System Revenue Bonds, Refunding Series 2002:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/17 &#8211; FGIC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">634,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/17 &#8211; FGIC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">151,169</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mesa, Arizona, Utility System Revenue Bonds, Refunding Series 2002, 5.250%, 7/01/17 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">221,701</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mesa, Arizona, Utility System Revenue Bonds, Tender Option Bond Trust 2016-XF2216, 12.529%, 7/01/31 (Pre-refunded 7/01/17) &#8211; AGM Insured (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,324,176</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mesa, Arizona, Utility System Revenue Bonds, Tender Option Bond Trust 2016-XF2217, 12.529%, 7/01/31 (Pre-refunded 7/01/17) &#8211; AGM Insured (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,815,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">20</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z250e235da64a4d24a255b60e280a37e2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arizona </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2010A, 5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,466,818</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2008A, 5.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,448,771</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion Project, Series 2005B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/37 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,495,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/39 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,032,351</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">630,168</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,032,831</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Industrial Development Authority, Arizona, Multifamily Housing Revenue Bonds, Deer Valley Veterans Assisted Living Project, Series 2016A, 5.125%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,962,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue and Refunding Bonds, Edkey Charter Schools Project, Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">443,524</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">427,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">252,741</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2014A, 7.375%, 7/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,357,455</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">994,321</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,589,872</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,830,357</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2016, 6.500%, 2/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">896,434</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Noah Webster Schools ? Pima Project, Series 2014A, 7.250%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">103,512</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power Company, Series 2010A, 5.250%, 10/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,092,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc. Prepay Contract Obligations, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,163,274</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,111,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">The Industrial Development Authority of the County of Maricopa, Arizona, Education Revenue Bonds, Reid Traditional School Projects, Series 2016, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">828,072</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2013A, 5.250%, 8/01/33</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,191,540</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">96,325</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Arizona</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">104,877,909</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arkansas &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer Research Center Project, Series 2006:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/01/36 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,121,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">20,460</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/01/46 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,482,666</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">22,960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Arkansas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,604,066</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California &#8211; 19.3% (12.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate Lien Series 2004A, 0.000%, 10/01/20 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">42,156</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate Lien Series 2004A, 0.000%, 10/01/20 &#8211; AMBAC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,030,366</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">21</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zbbd280b3e7d3445fb3dfcbb6d9cb71f7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2f8a1fa268684e0eafe6392f84202ec9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds, Capital Appreciation Series 2009B, 0.000%, 8/01/30 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,938,179</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C, 0.000%, 9/01/35 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,756,309</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A, 5.000%, 3/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,947,726</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4, 5.000%, 4/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,634,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.450%, 6/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,323,044</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.650%, 6/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,028,223</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Educational Facilities Authority, Revenue Bonds, Stanford University, Series 2007, 5.000%, 3/15/39 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,775,599</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Educational Facilities Authority, Revenue Bonds, Stanford University, Series 2014U-6, 5.000%, 5/01/45 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,676,724</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Educational Facilities Authority, Revenue Bonds, Stanford University, Series 2016U-7, 5.000%, 6/01/46 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,603,737</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017A-2, 4.000%, 11/01/44 (WI/DD, Settling 5/03/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,188,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children&#8217;s Hospital, Series 2012A, 5.000%, 8/15/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,003,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,791,536</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Series 2015A, 5.000%, 8/15/54 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,353,561</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">8.498%, 8/15/51 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,962,411</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">8.498%, 8/15/51 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,846,561</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">8.492%, 8/15/51 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,849,159</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2013A, 5.000%, 8/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,417,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,192,994</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,021,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">562,298</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">197,024</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Municipal Finance Authority, Education Revenue Bonds, American Heritage Foundation Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">276,034</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">456,454</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A, 5.750%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,539,803</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authority Desalination Project Pipeline, Series 2012, 5.000%, 11/21/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,516,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,185,198</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep &#8211; Obligated Group, Series 2016, 5.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">728,517</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California School Finance Authority, Charter School Revenue Bonds, Rocketship Education &#8211; Obligated Group, Series 2016A, 5.000%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">718,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">22</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z01d118f50a364697bbf303751e9c68de" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California School Finance Authority, Charter School Revenue Bonds, Rocketship Education ? Obligated Group, Series 2017A, 5.125%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">898,643</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">80</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State, General Obligation Bonds, Series 2002, 5.000%, 10/01/32 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">80,258</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State, General Obligation Bonds, Series 2004, 5.000%, 4/01/31 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,016</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California State, General Obligation Bonds, Various Purpose Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/37 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,768,044</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/37 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,294,516</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California State, General Obligation Bonds, Various Purpose Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 3/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,883,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,365,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.500%, 12/01/54</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,748,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">66,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.250%, 12/01/56</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">71,086,012</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 4.000%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,993,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Revenue Bonds, Sutter Health, Series 2011A, 6.000%, 8/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,944,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, Childrens Hospital of Los Angeles, Series 2007, 5.000%, 8/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,008,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,535</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 7/01/30 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,485,327</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/35 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,190,957</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System, Series 2007A, 5.750%, 7/01/47 (Pre-refunded 7/01/18) &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,805,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clovis Unified School District, Fresno County, California, General Obligation Bonds, Series 2001A, 0.000%, 8/01/25 &#8211; FGIC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,174,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Coachella Valley Unified School District, Riverside County, California, General Obligation Bonds, Election 2005 Series 2010C, 0.000%, 8/01/33 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,791,494</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds, Capital Appreciation, Election 2006 Refunding Series 2009C, 0.000%, 8/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,506,328</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">El Rancho Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2010 Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/31 &#8211; AGM Insured (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,376,224</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/34 &#8211; AGM Insured (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,224,988</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/15/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,983,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/15/35 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,379,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.850%, 1/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">752,452</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 1/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,137,818</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/15/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,593,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005, 5.000%, 9/01/27 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,456,234</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,455</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,600,503</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,850,574</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,564,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">23</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z0be5158487fe47eeba42415a0d589a9a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z642022615f314760b7a5c959a68a7b44" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 5.750%, 6/01/47 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">552,469</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 4.500%, 6/01/27 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,859,548</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kern Community College District, California, General Obligation Bonds, Safety, Repair &amp; Improvement, Election 2002 Series 2006:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/01/24 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,709,936</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/01/25 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,677,608</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lincoln Public Financing Authority, Placer County, California, Twelve Bridges Limited Obligation Revenue Bonds, Refunding Series 2011A, 4.375%, 9/02/25 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,291,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,575</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/35 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,607,318</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009B, 6.500%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,596,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Oceanside Unified School District, San Diego County, California, General Obligation Bonds, Capital Appreciation, 2008 Election Series 2009A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/26 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,578,678</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/28 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,562,347</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue Bonds, Redevelopment Project 1, Series 1993, 5.850%, 8/01/22 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,888,981</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Orange County, California, Special Tax Bonds, Community Facilities District 2015-1 Esencia Village, Series 2015A, 4.250%, 8/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,098,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 6.000%, 11/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,399,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, Election of 2004, Series 2007A, 0.000%, 8/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,884,594</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/38 &#8211; AGC Insured (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/29 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,188,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999, 0.000%, 8/01/30 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,525,409</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of Participation, Refunding Series 2011, 6.000%, 10/01/28 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,871,146</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Redlands Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2003, 5.000%, 7/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,019,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series 2013A, 5.750%, 6/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750,393</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">529,066</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">977,951</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Tender Option Bond Trust 2015-XF0098, 17.423%, 8/01/39 (Pre-refunded 8/01/19) (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,561,634</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose, Second Series 2013B, 5.000%, 5/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,399,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">66,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Joaquin Hills Transportation Corridor Agency, Orange County, California, Senior Lien Toll Road Revenue Bonds, Series 1993, 0.000%, 1/01/21 (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">63,444,776</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,926,828</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,010,979</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A, 0.000%, 1/15/23 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,012,203</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">24</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z405105ad92574b3ab17d1d0d60438590" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">37,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment Project, Series 2006C, 4.250%, 8/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">37,260,758</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Mateo County Community College District, California, General Obligation Bonds, Series 2006C, 0.000%, 9/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,735,836</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012G, 0.000%, 8/01/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,198,268</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding Series 2015, 0.000%, 8/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,679,176</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A, 6.250%, 7/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,881,456</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A, 6.250%, 7/01/24 (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,862,388</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saugus Union School District, Los Angeles County, California, General Obligation Bonds, Series 2006, 0.000%, 8/01/23 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,075,695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Stockton-East Water District, California, Certificates of Participation, Refunding Series 2002B, 0.000%, 4/01/28 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,328,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017, 6.250%, 9/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">618,186</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 6/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,223,148</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 6/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,476,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, Senior Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 6/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,251,383</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,865</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,864,648</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">628,635</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total California</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">616,895,182</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado &#8211; 8.4% (5.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 10/01/32 &#8211; SYNCORA GTY Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">751,403</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 10/01/40 &#8211; SYNCORA GTY Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,081,782</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Base Village Metropolitan District 2, Colorado, General Obligation Bonds, Refunding Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">902,469</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,194,952</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Belleview Station Metropolitan District 2, Denver City and County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax Refunding &amp; Improvement Series 2017, 5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,122,033</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &amp; Improvement Series 2017:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150,591</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,277,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2014, 5.000%, 12/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">199,319</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Flagstaff Academy Project, Refunding Series 2016, 3.625%, 8/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,073,682</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, The Classical Academy Project, Refunding Series 2015A, 5.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,249,264</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Vanguard School Project, Refunding &amp; Improvement Series 2016, 3.750%, 6/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,776,309</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Weld County School District 6 &#8211; Frontier Academy, Refunding &amp; Improvement Series 2016, 3.250%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,492,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">25</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z0ca760de55ca4a87a7e695284801e2db" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1ddec9378fd34f508fb31573e561cd93" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,504,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 9/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,488,074</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2011A, 5.000%, 2/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,070,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,029,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Retirement Communities Inc., Refunding Series 2012B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,858,317</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,246,453</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,663,932</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,505,598</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,127,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,132,351</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,363,714</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 6/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">745,048</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.625%, 6/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">762,314</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,035</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project, Refunding &amp; Improvement Series 2017A, 5.250%, 5/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,129,241</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Poudre Valley Health System, Series 2005C, 5.250%, 3/01/40 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,053,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,640,947</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Copperleaf Metropolitan District 2, Arapahoe County, Colorado, General Obligation Bonds, Refunding Limited Tax Convertible to Unlimited Tax Series 2015, 5.750%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">518,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Copperleaf Metropolitan District 2, Colorado, General Obligation Limited Tax Bonds, Series 2006, 5.250%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">519,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cornerstar Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2017A , 5.250%, 12/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,494,622</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cornerstar Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2017B , 5.250%, 12/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,273,011</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Crystal Crossing Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2016, 5.250%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">502,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,763,052</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,175,074</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Capital Appreciation Series 2010A, 0.000%, 9/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,892,824</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">35,995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/23 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">29,984,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/26 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,764,294</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,987,589</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,915</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/32 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,461,479</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">43,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/33 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,611,908</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">26</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf3ff540780aa458ba59e943351f2d910" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/27 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,948,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/28 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">767,982</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/34 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,483,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Erie Highlands Metropolitan District No. 1 (In the Town of Erie), Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2015A, 5.750%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">504,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Flatiron Meadows Metropolitan District, Boulder County, Colorado, General Obligation Limited Tax Bonds, Series 2016, 5.125%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">485,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014, 6.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">603,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Forest Trace Metropolitan District 3, Aurora City, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016A, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">792,239</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Great Western Park Metropolitan District 2, Broomfield City and County, Colorado, General Obligation Bonds, Series 2016A, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,321,816</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Green Gables Metropolitan District No. 1, Jefferson County, Colorado, General Obligation Bonds, Series 2016A, 5.300%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">752,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Revenue Bonds, Refunding Series 2015, 5.500%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,643,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,093,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,980,606</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Lambertson Farms Metropolitan District 1, Colorado, Revenue Bonds, Refunding &amp; Improvement Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,003,503</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,331,492</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Leyden Rock Metropolitan District No. 10, In the City of Arvada, Colorado, Limited Tax General Obligation Bonds, Refunding and Improvement Series 20016A, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">963,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Littleton Village Metropolitan District No. 2, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Series 2015, 5.375%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">492,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mountain Shadows Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2016, 5.000%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">864,386</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Range Metropolitan District 1, Adams County, Colorado, General Obligation Bonds, Series 2016B, 3.500%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,657,329</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Overlook Metropolitan District in the Town of Parker, Douglas County, Colorado, General Obligation Limited Tax Bonds, Series 2016A, 5.500%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">541,201</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Park 70 Metropolitan District, City of Aurora, Colorado, General Obligation Refunding and Improvement Bonds, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">700,861</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,115,226</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">706,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,029,468</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Poudre Tech Metro District, Colorado, Unlimited Property Tax Supported Revenue Bonds, Refunding &amp; Improvement Series 2010A, 5.000%, 12/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,783,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Regional Transportation District, Colorado, Certificates of Participation, Series 2010A, 5.375%, 6/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,300,478</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 1/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,305,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,143,563</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sierra Ridge Metropolitan District 2, Douglas County, Colorado, General Obligation Bonds, Limited Tax Series 2016A, 5.500%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,291,955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">27</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z02d0389e41034bf9b54709255f386085" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z00dcda7b130146808c63d5d10e7759dd" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">SouthGlenn Metropolitan District, Colorado, Special Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">930,539</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported Revenue Bonds, Senior Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">494,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">995,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Table Mountain Metropolitan District, Jefferson County, Colorado, Limited Tax General Obligation Bonds, Series 2016A, 5.250%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">506,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of Colorado Hospital Authority, Colorado, Revenue Bonds, Series 2012A, 5.000%, 11/15/42</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,449,875</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">318,415</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Colorado</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">268,528,020</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Connecticut &#8211; 0.5% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Connecticut Health and Educational Facilities Authority, Revenue Bonds, Healthcare Facility Expansion Church Home of Hartford Inc. Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">567,834</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">700,906</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University, Refunding Series 2015L, 4.125%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,260,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Connecticut Health and Educational Facilities Authority, Revenue Bonds, Wesleyan University, Series 2010G, 5.000%, 7/01/39 (Pre-refunded 7/01/20)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aa3 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,634,638</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">14,580</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Connecticut</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">15,163,778</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Delaware &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Delaware Economic Development Authority, Exempt Facility Revenue Bonds, Indian River Power LLC Project, Series 2010, 5.375%, 10/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,718,319</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">225</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Delaware Economic Development Authority, Revenue Bonds, Newark Charter School, Refunding Series 2016A, 5.000%, 9/01/36</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">234,572</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,840</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Delaware</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,952,891</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>District of Columbia &#8211; 1.2% (0.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia Student Dormitory Revenue Bonds, Provident Group &#8211; Howard Properties LLC Issue, Series 2013, 5.000%, 10/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,370,702</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2001, 6.500%, 5/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,247,361</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">181,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,372,580</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">192,090</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total District of Columbia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">36,990,643</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida &#8211; 7.3% (4.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bexley Community Development District, Pasco County, Florida, Special Assessment Revenue Bonds, Series 2016, 4.700%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">936,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,258,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Capital Trust Agency, Florida, Revenue Bonds, Odyssey Charter School Project, Series 2017A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 7/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,059,728</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,466,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,165,627</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cityplace Community Development District, Florida, Special Assessment and Revenue Bonds, Refunding Series 2012, 5.000%, 5/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,147,416</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clay County, Florida, Utility System Revenue Bonds, Refunding Series 2007, 5.000%, 11/01/27 (Pre-refunded 11/01/17) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,218,281</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clay County, Florida, Utility System Revenue Bonds, Series 2007, 5.000%, 11/01/32 (Pre-refunded 11/01/17) &#8211; AGM Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,851,676</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">28</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z985b10a466584cd3bb68729469d4faf9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges University, Refunding Series 2013, 6.125%, 11/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,655,987</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Creekside at Twin Creeks Community Development District, Florida, Special Assessment Bonds, Area 1 Project, Series 2016A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 11/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">255,322</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.600%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">331,062</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Creekside at Twin Creeks Community Development District, Florida, Special Assessment Bonds, Area 1 Project, Series 2016A-2, 5.625%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">539,308</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University Project, Refunding Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 4/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,912,004</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.625%, 4/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,912,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Davie, Florida, Water and Sewerage Revenue Bonds, Series 2011, 5.000%, 10/01/41 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,323,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Downtown Doral Community Development District, Florida, Special Assessment Bonds, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 5/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">282,862</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.300%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">317,759</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">479,123</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">655</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 5/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">658,832</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Classical Preparatory Incorporated Project, Series 2017A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">256,627</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">417,776</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Florida Charter Foundation Inc. Projects, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 6/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,512,517</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 7/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,884,764</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.375%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,839,481</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,197,922</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,147,381</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc. Projects, Series 2014A, 6.125%, 6/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">554,483</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,917,103</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Southwest</font> Charter Foundation Inc. Projects, Series 2017A, 6.125%, 6/15/47 (WI/DD, Settling 5/04/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,749,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td>Florida Municipal Loan Council, Revenue Bonds, Series 2003B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/17</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">165,579</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/18</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100,348</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida State Board of Education, Public Education Capital Outlay Bonds, Tender Option Bond Trust 2016-XF2347, 15.623%, 6/01/38 &#8211; AGC Insured (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,076,524</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, South Parcel Assessment Area Project, Series 2016, 4.750%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,697,312</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,915</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Halifax Hospital Medical Center, Daytona Beach, Florida, Hospital Revenue Bonds, Series 2006, 5.500%, 6/01/38 (Pre-refunded 6/01/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,009,927</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hillsborough County Industrial Development Authority, Florida, Industrial Development Revenue Bonds, University Community Hospital, Series 1994, 6.500%, 8/15/19 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,699,933</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">29</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z3a0811c431b34657a3ba8f2b2c729964" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd95a8e8121324d8b9d8597474131ff9d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Indian Trace Development District, Florida, Water Management Special Benefit Assessment Bonds, Series 2005:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,645</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,650,790</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/27 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,836,387</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Refunding Series 2012, 5.000%, 10/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">677,592</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Refunding Series 2011, 5.000%, 11/15/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,110,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lakewood Ranch Stewardship District, Florida, Special Assessment Revenue Bonds, Del Webb Project, Series 2017, 5.000%, 5/01/37 (WI/DD, Settling 5/08/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">622,644</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Leesburg, Florida, Utility System Revenue Bonds, Series 2007A, 5.000%, 10/01/37 (Pre-refunded 10/01/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,053,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Martin County Health Facilities Authority, Florida, Hospital Revenue Bonds, Martin Memorial Medical Center, Series 2015, 5.000%, 11/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,383,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,965</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami Dade County, Florida, Rickenbacker Causeway Revenue Bonds, Series 2014, 5.000%, 10/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,464,271</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish Health System Inc. Project, Series 2017, 5.125%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,246,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,545</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami, Florida, Special Obligation Non-Ad Valorem Revenue Bonds, Refunding Series 2011A, 6.000%, 2/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,768,361</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2014A, 5.000%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,569,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2008B, 5.000%, 10/01/41 (Pre-refunded 10/01/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,665,392</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010A-1, 5.375%, 10/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,757,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B, 5.000%, 10/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,759,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series 2012B, 5.000%, 10/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,643,672</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2008, 5.000%, 7/01/35 (Pre-refunded 7/01/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,159,479</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,991,804</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds, Development Unit 53, Series 2015, 5.350%, 8/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,969,414</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc., Series 2012A, 5.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,557,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Orange County School Board, Florida, Certificates of Participation, Series 2007A, 5.000%, 8/01/27 (Pre-refunded 8/01/17) &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,010,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">230</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of Boca Raton Project, Series 2014A, 7.250%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">270,206</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palm Beach County School Board, Florida, Certificates of Participation, Series 2007E, 5.000%, 8/01/27 (Pre-refunded 8/01/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,032,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">60</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pasco County, Florida, Water and Sewer Revenue Bonds, Refunding Series 2006, 5.000%, 10/01/36 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">60,194</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1, Series 2007B, 5.000%, 7/01/33 (Pre-refunded 7/01/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,616,279</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Port St. Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,935</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 9/01/35 (Pre-refunded 9/01/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,218,713</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/35 (Pre-refunded 9/01/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,148,734</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">30</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zae79ca209b0e4551ac28b1f27ddef89e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Port St. Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 9/01/35 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">542,032</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/35 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">838,896</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reunion West Community Development District, Florida, Special Assessment Bonds, Area 3 Project, Series 2016, 5.000%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">806,232</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Seminole County, Florida, Water and Sewer Revenue Bonds, Refunding &amp; Improvement Series 1992, 6.000%, 10/01/19 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,273,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Six Mile Creek Community Development District, Florida, Capital Improvement Revenue Bonds, Assessment Area 2, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 11/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">269,632</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">446,173</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Fork III Community Development District, Florida, Special Assessment Revenue Bonds, Refunding Series 2016, 5.375%, 5/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,008,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System Obligation Group, Series 2007, 5.000%, 8/15/42 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,006,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">St. Lucie County, Florida, Utility System Revenue Refunding Bonds, Series 1993, 5.500%, 10/01/21 &#8211; FGIC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,403,892</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tallahassee, Florida, Health Facilities Revenue Bonds, Tallahassee Memorial HealthCare Inc. Project, Series 2016A, 5.000%, 12/01/55</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,538,522</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tamarac, Florida, Utility System Revenue Bonds, Series 2009, 5.000%, 10/01/39 (Pre-refunded 10/01/19) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">437,272</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,562,562</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tampa, Florida, Healthcare System Revenue Bonds, Allegany Health System &#8211; St. Joseph&#8217;s Hospital, Series 1993, 5.125%, 12/01/23 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,324,746</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,095</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding Series 2012B, 5.000%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,193,538</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle Aeronautical University, Inc. Project, Refunding Series 2011, 5.000%, 10/15/29 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,236,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson University Inc. Project, Series 2015, 5.000%, 6/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,528,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Volusia County School Board, Florida, Certificates of Participation, Master Lease Program Series 2007, 5.000%, 8/01/32 (Pre-refunded 8/01/17) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+ (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,129,960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">220,875</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Florida</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">234,791,443</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Georgia &#8211; 3.1% (2.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B, 5.375%, 11/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,706,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding Series 2007, 4.000%, 8/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,993,822</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">City of Fairburn, Georgia, General Obligation Bonds, Series 2011, 5.750%, 12/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,311,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates, Refunding Series 2012, 5.000%, 4/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,497,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">DeKalb County Hospital Authority, Georgia, Anticipation Certificates Revenue Bonds, DeKalb Medical Center, Inc. Project, Series 2010, 6.000%, 9/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,373,213</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,263,792</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 2/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,021,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">31</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z266a426990dc46e1a75161520edd2d7a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z14713c95c6ac415ebf5b28224a294a92" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Georgia </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/15/37 (Pre-refunded 2/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,222,246</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 2/15/40 (Pre-refunded 2/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,404,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,841,804</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Georgia Municipal Electric Authority, Plant Vogtle Units 3 &amp; 4 Project J Bonds, Series 2015A, 5.000%, 7/01/60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,712,434</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gwinnett County Hospital Authority, Georgia, Revenue Anticipation Certificates, Gwinnett Hospital System Inc. Project, Series 2007C, 5.500%, 7/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,400,818</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, 5.000%, 2/01/36 (Pre-refunded 2/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,249,688</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Macon-Bibb County Urban Development Authority, Georgia, Revenue Bonds, Academy for Classical Education, Series 2017, 5.750%, 6/15/37 (WI/DD, Settling 5/10/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,292,252</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Columbus Regional Healthcare System, Inc. Project, Series 2008, 6.500%, 8/01/38 (Pre-refunded 8/01/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,351,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Refunding Series 2012C, 5.250%, 10/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,102,770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series 2015, 5.000%, 10/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,708,921</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,710</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia Medical Center Project, Series 2011B, 5.000%, 10/01/41</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,851,434</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">90,635</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Georgia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">99,305,834</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Guam &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">650</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">713,648</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Hawaii &#8211; 0.4% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Chaminade University of Honolulu, Series 2015A, 5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,453,995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2013A, 5.500%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,624,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University, Series 2013A, 6.875%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">184,462</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,075</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Queens Health Systems, Series 2015A, 4.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,149,095</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,745</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Hawaii</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,412,152</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Idaho &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016, 5.000%, 9/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">268,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Idaho Health Facilities Authority, Revenue Bonds, Saint Luke&#8217;s Health System Project, Series 2012A, 5.000%, 3/01/47 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,583,007</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Idaho Health Facilities Authority, Revenue Bonds, Saint Luke&#8217;s Health System Project, Series 2014A, 4.125%, 3/01/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,017,870</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,230</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Idaho</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,868,882</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois &#8211; 23.0% (14.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bolingbrook, Illinois, General Obligation Bonds, Refunding Series 2013A, 5.000%, 1/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">765,605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">67,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Capital Improvement Revenues, Series 2016, 6.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">69,465,256</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">32</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf53e9e06e7264133ac3562b796c55948" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,148,285</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,509,158</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2012A, 5.000%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,969,077</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2008C, 5.000%, 12/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,244,544</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,593,586</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,805</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,754,289</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">695,122</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal Transit Administration Section 5307 Urbanized Area Formula Funds, Refunding Series 2011, 5.250%, 6/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,424,819</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,174,712</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014, 5.250%, 12/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,373,837</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Airport Revenue Bonds, O&#8217;Hare International Airport, Third Lien Refunding Series 2010C, 5.250%, 1/01/35 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,327,473</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/31 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">803,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/32 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,546,048</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/37 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,750,072</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2007A, 5.000%, 1/01/27 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,002,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2014A, 5.250%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,468,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2017A, 6.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,445,463</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2009C, 5.000%, 1/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,062,594</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project Series 2011A, 5.250%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">982,970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project Series 2012A, 5.000%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,855,138</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C, 5.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,472,848</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Series 2004A, 5.000%, 1/01/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,770,228</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, Wastewater Transmission Revenue Bonds, Second Lien Series 2008C, 5.000%, 1/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,204,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City Colleges, Series 2013, 5.250%, 12/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,452,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">De Witt, Ford, Livingston, Logan, Mc Lean and Tazewell Community College District 540, Illinois, General Obligation Bonds, Series 2007, 3.000%, 12/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,010,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">DeKalb, Kane, LaSalle, Lee, Ogle, Winnebago and Boone Counties Community College District 523, Illinois, General Obligation Bonds, Kishwaukee Community College, Series 2011B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 2/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,016,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 2/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">752,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History, Series 2002:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,722,286</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.450%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,597,925</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">33</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z795934a465cf462d9aa4c33331e99f7c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="ze3649ec358304f01af86141da0ea74cc" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Educational Facilities Authority, Revenue Bonds, Robert Morris College, Series 2000, 5.800%, 6/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,331,113</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation, Series 2007, 5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595,238</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Charter School Revenue Bonds, Intrinsic Charter Schools Belmont School Project, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,692,214</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">115,407</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Recovery Zone Facility Revenue Bonds, Navistar International Corporation Project, Series 2010, 6.500%, 10/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,643,780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,990,063</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,573,744</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,733,491</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Children&#8217;s Memorial Hospital, Series 2008A, 5.250%, 8/15/47 &#8211; AGC Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,078,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Edward Health Services Corporation, Series 2008A, 5.500%, 2/01/40 (Pre-refunded 2/01/18) &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,386,391</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Elmhurst Memorial Healthcare, Series 2008A, 5.625%, 1/01/37 (Pre-refunded 1/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,579,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013, 4.250%, 5/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,633,851</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2009, 5.500%, 4/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,550,905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,805</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,813,201</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Northwestern Memorial HealthCare, Series 2013, 5.000%, 8/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,772,674</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">39,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Presence Health Network, Series 2016C, 4.000%, 2/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,993,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.750%, 8/15/34 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.750%, 8/15/34 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,843,775</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 6.000%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,642,874</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Resurrection Health Care System, Series 1999B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/15/24 (Pre-refunded 5/15/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">333,782</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/15/24 (Pre-refunded 5/15/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,881,568</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 4.000%, 11/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,016,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">605,752</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,485,191</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series 2009, 7.000%, 8/15/44 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,485,223</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Series 2011A, 6.000%, 8/15/41 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,186,714</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2011C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/15/41 (Pre-refunded 2/15/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,329,872</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/15/41 (Pre-refunded 2/15/21) (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,203,845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A, 5.000%, 10/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,517,669</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">34</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z87a0d1dc077445e49261f9efed9813d4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2015A, 5.000%, 10/01/46 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,305,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc., Refunding Series 2007A, 5.250%, 5/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,059,379</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014, 5.250%, 6/15/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,022,851</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, February Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,276,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,039,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,575</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,602,641</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,007,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, June Series 2016, 4.000%, 6/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,430,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois State, General Obligation Bonds, May Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510,893</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,247,627</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 25.9pt; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois State, General Obligation Bonds, November Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,817,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,209,768</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois State, General Obligation Bonds, Refunding Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,015,831</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,830,053</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,636,973</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,095</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,134,924</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,423,823</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,545,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A, 5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,021,066</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,395</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust 2015-XF0051, 15.366%, 1/01/38 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,982,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Series 2011A, 5.250%, 1/01/37 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,988,374</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B, 5.000%, 6/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,413,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2015B, 5.000%, 6/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,338</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392,635</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,159,386</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Refunding Bonds, Series 2010A, 5.500%, 6/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,335,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Capital Appreciation Refunding Series 2010B-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/44 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,767,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">43,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/45 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,083,392</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/46 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,430,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">41,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 2010B-2, 5.000%, 6/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">41,206,376</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1994B, 0.000%, 6/15/28 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,556,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">35</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z38f0d899f2ab41299de448ebaef717a0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zcc771fdf7e6246bfab2112ddd7fb2593" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/24 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,917,780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/35 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,505,094</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2007, 4.700%, 3/01/30 &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">695,716</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,846</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Plano, Illinois, Special Tax Bonds, Special Service Area 1 &amp; 2 Lakewood Springs Project, Refunding Series 2014, 5.000%, 3/01/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,992,111</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2000A, 6.500%, 7/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,448,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rosemont Village, Illinois, General Obligation Bonds, Corporate Purpose Series 2011A, 5.600%, 12/01/35 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,191,213</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group, Inc., Series 2013, 7.625%, 11/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,200,502</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Southwestern Illinois Development Authority, School Revenue Bonds, Triad School District 2, Madison County, Illinois, Series 2006, 0.000%, 10/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,056,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015, 5.000%, 3/01/40 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,362,235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Will County Community Unit School District 201U, Crete-Monee, Illinois, General Obligation Bonds, Capital Appreciation Series 2004, 0.000%, 11/01/22 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,209,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Will County Community Unit School District 201U, Crete-Monee, Illinois, General Obligation Bonds, Capital Appreciation Series 2004, 0.000%, 11/01/22 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">708,864</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Will County School District 122, New Lenox, Illinois, General Obligation Bonds, Capital Appreciation School Series 2004D, 0.000%, 11/01/24 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,140,691</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Williamson &amp; Johnson Counties Community Unit School District 2, Marion, Illinois, General Obligation Bonds, Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 12/01/21 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,087,003</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,035</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 12/01/22 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200,962</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 12/01/23 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,340,204</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 12/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,227,817</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Williamson &amp; Johnson Counties Community Unit School District 2, Marion, Illinois, General Obligation Bonds, Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.250%, 12/01/29 (Pre-refunded 12/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,522,871</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,295</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.250%, 12/01/30 (Pre-refunded 12/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,776,973</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">829,196</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Illinois</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">736,985,058</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Indiana &#8211; 4.2% (2.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Allen County, Indiana, Economic Development Revenue Bonds, Fort Wayne Project, Senior Series 2017A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.625%, 1/15/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 104.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">435,459</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 1/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 104.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">691,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chesterton, Indiana, Economic Development Revenue Bonds, Storypoint Chesterton Project, Series 2016, 6.250%, 1/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 104.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,604,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown Point Community School Corporation, Series 2000, 0.000%, 1/15/24 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,259,919</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University Project, Series 2014, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,096,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">365</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2010, 6.000%, 12/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">370,256</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2011, 6.000%, 12/01/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">131,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Health System Revenue Bonds, Franciscan Alliance, Inc. Obligated Group, Series 2016A, 4.000%, 11/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,603,758</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">36</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1f57543c638e4f4887553d3bf368fba4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Indiana </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, Series 2012A, 5.000%, 5/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,983,088</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Midwestern Disaster Relief Revenue Bonds, Ohio Valley Electric Corporation Project, Series 2012A, 5.000%, 6/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,514,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2010B., 5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,491,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2011B, 5.000%, 10/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,443,304</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,155,332</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Health and Educational Facilities Financing Authority, Revenue Bonds, Sisters of Saint Francis Health Services Inc., Series 2006E, 5.250%, 5/15/41 (Pre-refunded 5/01/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,348,415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indianapolis Local Public Improvement Bond Bank Bonds, Indiana, PILOT Infrastructure Project Revenue Bonds, Series 2010F, 5.000%, 1/01/35 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,417,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 2/01/26 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,790,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 2/01/28 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,380,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A, 5.500%, 1/01/38 (Pre-refunded 1/01/19) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,069,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A, 5.500%, 1/01/38 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,518,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Vigo County Hospital Authority, Indiana, Revenue Bonds, Union Hospital, Series 2007, 5.800%, 9/01/47 (Pre-refunded 9/01/17)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,525,065</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">135,530</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Indiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">134,831,656</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Iowa &#8211; 3.2% (2.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Finance Authority, Health Facilities Revenue Bonds, UnityPoint Health Project, Series 2013A, 5.250%, 2/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,954,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,800,296</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,836,513</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 105.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,830,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,285</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 6/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,285,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,199,978</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.625%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 16.847</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,325,427</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,400</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,400,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">100,465</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Iowa</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">102,632,449</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kansas &#8211; 0.8% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas Development Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,318,033</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas Development Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40 (Pre-refunded 1/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,951,721</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lenexa, Kansas, Health Care Facilities Revenue Bonds, Lakeview Village Inc., Series 2017A, 5.000%, 5/15/43 (WI/DD, Settling 5/10/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,009,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">37</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z7157f81f519f4135b539db41decdd755" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zfd88182098d54dadb01e1687294d091e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kansas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds, Vacation Village Project Area 1 and 2A, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,385</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,380,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,390,813</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,595</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 9/01/35</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,552,286</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">23,795</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Kansas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">24,602,578</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kentucky &#8211; 2.5% (1.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Christian County, Kentucky, Hospital Revenue Bonds, Jennie Stuart Medical Center, Series 2016, 5.500%, 2/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,715,097</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Bond Development Corporation, Tax Increment Revenue Bonds, Summit Lexington Project, Series 2016A, 4.400%, 10/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,419,548</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010A, 6.000%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,794,078</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010B, 6.375%, 3/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,688,981</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc., Series 2008-A1, 6.000%, 12/01/33 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,041,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,621,646</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,370</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,812,863</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,824,047</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/01/43 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,618,408</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/01/46 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,258,909</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 7/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,628,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,029</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky State Property and Buildings Commission, Revenue Bonds, Project 93, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/20 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">767,188</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/24 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,214,745</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky State Property and Buildings Commission, Revenue Bonds, Project 93, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/20 (Pre-refunded 2/01/19) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,968,326</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,865</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/24 (Pre-refunded 2/01/19) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,516,046</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">76,470</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Kentucky</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">78,426,031</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Louisiana &#8211; 1.7% (1.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,402,203</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson Medical Center, Refunding Series 2011A, 6.000%, 1/01/39 (Pre-refunded 1/01/21) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,054,496</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lafayette Public Trust Financing Authority, Louisiana, Revenue Bonds, Ragin&#8217; Cajun Facilities Inc. Housing &amp; Parking Project, Series 2010, 5.500%, 10/01/41 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,709,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,455</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Hospital Revenue Bonds, Franciscan Missionaries of Our Lady Health System, Refunding Series 2015A, 5.000%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,600,238</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Hospital Revenue Bonds, Franciscan Missionaries of Our Lady Health System, Series 1998A, 5.750%, 7/01/25 &#8211; AGM Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,531,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Revenue Bonds, Loyola University Project, Refunding Series 2017, 0.000%, 10/01/46 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/33 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,454,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">38</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zda2745322adc48189cf9bfc6898bd1d2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Louisiana </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.250%, 5/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,016,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,504,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 4.250%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,037,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,185</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">St John Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation, Series 2007A, 5.125%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,210,564</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">53,115</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Louisiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">54,522,011</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Maine &#8211; 0.9% (0.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,530</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,597,168</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,550,357</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,677,661</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011, 6.750%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,139,387</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Mainehealth Issue, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,944,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,195</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,208,336</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">30,620</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Maine</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">30,116,909</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Maryland &#8211; 1.4% (0.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A, 5.250%, 9/01/28 (Pre-refunded 6/23/17)- SYNCORA GTY Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,357,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2011A, 6.000%, 1/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,838,775</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2016A, 5.500%, 1/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,914,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2015, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,118,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,706,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2013A, 5.000%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,271,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Prince George&#8217;s County Revenue Authority, Maryland, Special Obligation Bonds, Suitland-Naylor Road Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,938,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,235,186</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">40,960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Maryland</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">44,381,011</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Massachusetts &#8211; 2.7% (1.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Commonwealth Contract Assistance Secured, Refunding Series 2010B, 5.000%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,378,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010B, 5.000%, 1/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,380,688</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Massachusetts Development Finance Agency Revenue Bonds, Lawrence General Hospital Issue, Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,388,164</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,606,038</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Agency, Resource Recovery Revenue Refunding Bonds, Covanta Energy Project, Series 2012B, 4.875%, 11/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,580,762</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">39</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za086ec04f5844ce393cf0e7247f4aac8" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z7e2d74befa054df48801cd6a37ff01f6" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Massachusetts </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D, 5.000%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,345,921</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,171,398</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,058,753</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Agency, Revenue Bonds, Emmanuel College, Series 2016A, 4.000%, 10/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,001,662</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, Series 2002A, 5.750%, 1/01/42 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,939,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc., Series 2008E-1 &amp;2, 5.125%, 7/01/38 (Pre-refunded 7/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">524,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Harvard University, Tender Option Bond Trust 2016-XL0017, 11.886%, 12/15/34 (Pre-refunded 12/15/19) (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,945,363</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts Eye and Ear Infirmary, Series 2010C, 5.375%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,068,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts Institute of Technology, Series 2002K, 5.500%, 7/01/32 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,786,966</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University, Refunding Series 2009A, 5.750%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">900,648</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University, Refunding Series 2009A, 5.750%, 7/01/39 (Pre-refunded 7/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,611,324</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series 2013A, 5.000%, 5/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,133,374</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Water Pollution Abatement Trust, Revenue Bonds, MWRA Loan Program, Subordinate Series 1999A, 5.750%, 8/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">426,624</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,245</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Series 2010B, 5.000%, 11/15/30 (Pre-refunded 11/15/20) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,406,613</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">78,825</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Massachusetts</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">87,655,188</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Michigan &#8211; 3.0% (1.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit City School District, Wayne County, Michigan, General Obligation Bonds, Series 2001A, 6.000%, 5/01/29 &#8211; AGM Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,688,302</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,224,278</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Refunding Bonds, Bronson Methodist Hospital, Series 2010, 5.250%, 5/15/36 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">961,588</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Refunding Bonds, Bronson Methodist Hospital, Series 2010, 5.250%, 5/15/36 (Pre-refunded 5/15/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,235,954</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Michigan Finance Authority, Hospital Revenue Bonds, Sparrow Obligated Group, Refunding Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 11/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,603,779</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 11/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,604,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011, 5.000%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,632,591</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011, 5.000%, 12/01/39 (Pre-refunded 12/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,593</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Series 2016MI, 5.000%, 12/01/45 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,036,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Unemployment Obligation Assessment Revenue Bonds, Series 2012B, 5.000%, 7/01/22 (Pre-refunded 7/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">509,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A, 5.000%, 1/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,203,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">40</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf1fa33c98bcf40e194f75af412844871" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Michigan </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-II-A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 10/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
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<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,097,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 10/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,264,168</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.625%, 11/15/29 (Pre-refunded 11/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,115,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 11/15/39 (Pre-refunded 11/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,803,122</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2009C, 5.000%, 12/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,782,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series 2008A, 6.875%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,184,048</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital, Refunding Series 2009V, 8.250%, 9/01/39 (Pre-refunded 9/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,261,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2015D:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,886,895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,600</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,927,816</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">87,570</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Michigan</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">96,034,934</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Minnesota &#8211; 0.7% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 8/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">138,263</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 8/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">382,439</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brooklyn Park, Minnesota, Charter School Lease Revenue Bonds, Prairie Seeds Academy Project, Refunding Series 2015A, 5.000%, 3/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,027,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2015A, 5.500%, 7/01/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,801,683</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Hiawatha Academies Project, Series 2016A, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,352,176</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2008B, 6.500%, 11/15/38 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,966,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2008B, 6.500%, 11/15/38 (Pre-refunded 11/15/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">911,156</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Children&#8217;s Health Care, Series 2004A-1 Remarketed, 4.625%, 8/15/29 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,064,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Saint Cloud, Minnesota, Charter School Lease Revenue Bonds, Stride Academy Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">263,246</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">393,244</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds, HealthPartners Obligated Group, Refunding Series 2015A, 4.000%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,564,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Paul Housing and Redevelopment Authority, Minnesota, Multifamily Housing Revenue Bonds, 2700 University at Westgate Station, Series 2015B, 4.250%, 4/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">237,818</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">St. Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc., Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 11/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">958,905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,949,705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,190</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,376,328</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">22,810</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Minnesota</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">23,387,923</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">41</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z177261d6d0684db9bd4657634b0b0139" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zb31606aee77b40b9a5166f233067adff" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Mississippi &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,445</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mississippi Development Bank, Special Obligation Bonds, Gulfport Water and Sewer System Project, Series 2005, 5.250%, 7/01/24 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,309,394</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Missouri &#8211; 2.0% (1.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">938,087</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chesterfield Valley Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2015, 3.625%, 5/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,806,746</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway Center Community Improvement District, Senior Refunding &amp; Improvement Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">375,388</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,357,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series 2004B-1, 0.000%, 4/15/28 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,429,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kirkwood Industrial Development Authority, Missouri, Retirement Community Revenue Bonds, Aberdeen Heights Project, Refunding Series 2017A, 5.250%, 5/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,469,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Liberty, Missouri, Special Obligation Tax Increment and Special Districts Bonds, Liberty Commons Project, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,575</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,541,311</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,034,311</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,666,271</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2015B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,475,283</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,086,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2015A, 4.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,774,973</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A, 5.000%, 11/15/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,011,464</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Heartland Regional Medical Center, Series 2012, 5.000%, 2/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,435,963</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Plaza at Noah&#8217;s Ark Community Improvement District, Saint Charles, Missouri, Tax Increment and Improvement District Revenue Bonds, Series 2015, 5.000%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,026,362</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St. Louis International Airport, Series 2005, 5.500%, 7/01/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,047,309</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Springfield Public Building Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park Projects, Series 2000A, 0.000%, 6/01/30 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,847,433</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">452,907</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Saint Andrew&#8217;s Resources for Seniors, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,548,063</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">455</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">453,621</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">72,600</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Missouri</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">63,778,022</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Montana &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kalispell, Montana, Housing and Healthcare Facilities Revenue Bonds, Immanuel Lutheran Corporation, Series 2017A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 5/15/37 (WI/DD, Settling 5/18/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,212,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 5/15/47 (WI/DD, Settling 5/18/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">384,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Montana Facility Finance Authority, Hospital Revenue Bonds, Benefis Health System Obligated Group, Refunding Series 2016, 3.500%, 2/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">118,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">42</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z892dc83e7eaf4fb0a3c88369da7816e8" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Montana </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Montana Facility Finance Authority, Hospital Revenue Bonds, Benefis Health System Obligated Group, Series 2011A, 5.750%, 1/01/31 (Pre-refunded 1/01/21) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,481,020</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,675</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Montana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,196,835</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Nebraska &#8211; 0.8% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,810,334</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">625,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.125%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,135,165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,533,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,277,788</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Municipal Energy Agency of Nebraska, Power Supply System Revenue and Refunding Bonds, Series 2009A, 5.375%, 4/01/39 (Pre-refunded 4/01/19) &#8211; BHAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,413,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Scotts Bluff County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Regional West Medical Center Project, Refunding &amp; Improvement Series 2016A, 5.250%, 2/20/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,366,420</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">24,440</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Nebraska</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">26,161,777</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Nevada &#8211; 1.9% (1.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%, 7/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,803,787</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Series 2010A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,016,542</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,713,649</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas, Nevada, Sales Tax Increment Revenue Bonds, Symphony Park Tourism Improvement District, Series 2016, 4.375%, 6/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">914,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Las Vegas, Nevada, General Obligation Bonds, Wastewater Reclamation System Series 2006, 5.000%, 10/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,280,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reno, Nevada, Health Facility Revenue Bonds, Catholic Healthcare West, Series 2007A, 5.250%, 7/01/31 (Pre-refunded 7/01/17) &#8211; BHAC Insured (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,077,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washoe County, Nevada, Highway Revenue, Motor Vehicle Fuel Tax Bonds, Series 2013, 5.000%, 2/01/38</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,163,327</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">58,265</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Nevada</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">61,970,615</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Hampshire &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated Group Issue, Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,596,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hampshire Health and Education Facilities Authority, Revenue Bonds, Kendal at Hanover, Series 2016, 5.000%, 10/01/40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">534,065</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New Hampshire</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,130,365</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Jersey &#8211; 7.6% (4.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Series 2004A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/22 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,680,647</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/23 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,680,647</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,983,612</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2005N-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 9/01/24 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,681,515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 9/01/28 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,891,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">43</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zdd734a6f9ccf451dac9b72473d7dde02" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z13568cbca9894686939287b0bc938765" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Jersey </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2015WW, 5.250%, 6/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,228,391</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2016BBB:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 6/15/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">36,958,046</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 6/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,264,937</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Series 2012K-K, 5.000%, 3/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,478,346</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Refunding Series 2011, 6.000%, 7/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">640,452</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.750%, 7/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,538,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Barnabas Health, Refunding Series 2014A, 5.000%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,535,227</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">660,099</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2016A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,945</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,430,112</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,294,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital Appreciation Series 2010A, 0.000%, 12/15/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,301,388</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006A, 5.250%, 12/15/20</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,329,289</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C, 0.000%, 12/15/33 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,349,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B, 5.000%, 6/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,004,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2014AA, 5.000%, 6/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,086,493</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 6/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,481,914</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 6/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,398,154</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,230</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,251,316</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">33,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, 1/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,685,936</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057, 14.537%, 1/01/43 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">280,388</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L, 5.000%, 5/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255,662</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2007-1A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 6/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,469,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.625%, 6/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,583,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,189,449</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,253,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,330</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Township Board of Education, Mercer County, New Jersey, General Obligation Bonds, Series 2005, 5.250%, 1/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,607,837</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">240,355</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New Jersey</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">243,474,527</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Mexico &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">13,600</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of New Mexico, Revenue Bonds, System Improvement Subordinated Lien Series 2007A, 5.000%, 6/01/36 (Pre-refunded 6/01/17) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">13,653,176</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">44</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zedadb664dcc144f0ab5a36d63c3e9980" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New York &#8211; 5.7% (3.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Catholic Health System, Inc. Project, Series 2015, 4.000%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">681,806</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine, Inc., Series 2015, 5.500%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,294,438</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of Medicine, Series 1994A, 5.150%, 7/01/24 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,655,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2017A, 5.000%, 10/01/47 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,805,746</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount Sinai, Refunding Series 2015A, 5.000%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,464,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell University, Series 2010A, 5.000%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,010,863</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Vassar College, Series 2007, 5.000%, 7/01/46 (Pre-refunded 7/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,041,336</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,888,838</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,971,672</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2009A, 5.000%, 2/15/39 (Pre-refunded 2/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,354</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Tender Option Bond Trust 2016-XF0525:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,998</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">12.091%, 2/15/39 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,398,159</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">12.081%, 2/15/39 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,602,427</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 2/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">966,935</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,666,016</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/15/47 (Pre-refunded 6/30/17) &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,200,579</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 2/15/47 (Pre-refunded 6/30/17) &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,976,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 9/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">252,061</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">431,828</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/01/36 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,736,628</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A, 5.000%, 9/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,990,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue Bonds, Unity Hospital of Rochester Project, Series 2010, 5.500%, 8/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,915,173</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014, 5.000%, 7/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,098,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Series 2006A-3, 5.000%, 6/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,638,826</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project PILOT, Series 2009A, 7.000%, 3/01/49 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,472,253</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Municipal Water Authority, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2016, Series 2015BB-1, 5.000%, 6/15/46 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,085,554</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New York City, New York, General Obligation Bonds, Fiscal Series 2002G:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/17</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,034</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">75</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 8/01/18</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">75,299</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City, New York, General Obligation Bonds, Fiscal Series 2005M, 5.000%, 4/01/26 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,017</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">45</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z47b706f736304402b0b54c25dd27f5c1" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z90ef63415a0d41078a49ac659709e565" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New York </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">33,656,381</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, Series 1996A, 6.125%, 11/01/20 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,655</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Onondaga Civic Development Corporation, New York, Revenue Bonds, Saint Joseph&#8217;s Hospital Health Center Project, Series 2012, 5.000%, 7/01/42 (Pre-refunded 7/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,633,881</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eighth Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,458,267</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,556,064</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Series 2015A, 5.000%, 11/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,818,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Subordinate Lien Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,491,048</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">842,732</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,360</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,644,796</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">167,933</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New York</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">182,483,991</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Carolina &#8211; 0.9% (0.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Series 2008A, 5.000%, 1/15/47 (Pre-refunded 1/15/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,088,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Series 2009A, 5.000%, 6/01/39 (Pre-refunded 6/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,358,136</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Series 2012A, 5.000%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,077,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2012A, 5.000%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,145,432</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed, Refunding Series 2012A, 5.000%, 10/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,366,011</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Carolina Medical Care Commission, Health System Revenue Bonds, Mission St. Joseph&#8217;s Health System, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 10/01/31 (Pre-refunded 10/01/17) (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,518,382</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 10/01/31 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,531,854</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Series 2017A, 5.000%, 7/01/54</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,821,212</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009, 6.000%, 6/01/34 (Pre-refunded 6/01/19) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595,409</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">830</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of North Carolina, Greensboro, General Revenue Bonds, Series 2014, 5.000%, 4/01/39</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">923,757</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">28,180</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total North Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">30,425,933</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Dakota &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,619,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,226,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,397,436</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Forks, North Dakota, Senior Housing &amp; Nursing Facilities Revenue Bonds, Valley Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36 (WI/DD, Settling 5/04/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">999,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Williston Parks and Recreation District, North Dakota, Sales Tax &amp; Gross Revenue Bonds, Series 2012A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">3.000%, 3/01/18</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600,342</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 3/01/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">988,886</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 3/01/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,155,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">46</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z591795123e1e453ba02a91d0bcf5b258" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Dakota </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,535</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC Project, Series 2013, 7.750%, 9/01/38 (8)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
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<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,267,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">18,435</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total North Dakota</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">18,255,589</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Ohio &#8211; 9.4% (6.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds, Children&#8217;s Hospital Medical Center, Improvement &amp; Refunding Series 2012, 5.000%, 11/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,457,109</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and Improvement Series 2012A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,104,511</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 5/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,592,019</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,668,581</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">American Municipal Power Ohio Inc., Prairie State Energy Campus Project Revenue Bonds, Series 2008A, 5.250%, 2/15/43 (Pre-refunded 2/15/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,733,893</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">American Municipal Power Ohio Inc., Prairie State Energy Campus Project Revenue Bonds, Series 2008A, 5.250%, 2/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">612,499</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 6/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,661,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">43,578,138</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,919,743</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,984,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,669,198</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,501,217</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,017,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cleveland Heights-University Heights City School District, Ohio, General Obligation Bonds, School Improvement Series 2014, 5.000%, 12/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,190,611</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children&#8217;s Hospital Project, Improvement Series 2012A, 5.000%, 11/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,498,026</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Series 2013A, 5.000%, 1/01/38 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,111,897</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Tender Option Bond Trust 2016-XG0052:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.402%, 1/01/38 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,784,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.402%, 1/01/38 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,855,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.402%, 1/01/38 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">892,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.402%, 1/01/38 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,462,679</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.394%, 1/01/38 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,497,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.296%, 1/01/38 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555,504</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,327,155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/27 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,386,874</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,299,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013, 5.000%, 2/15/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,457,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2009A, 4.375%, 6/01/33 (Mandatory put 6/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,567,233</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.000%, 2/15/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,446,829</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien Convertible Series 2013A-3, 0.000%, 2/15/36 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,154,056</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">47</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z3935174e1ac24750b33df257e11fcfe3" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za895bca8b1d147c1920998b46c4741c5" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Ohio </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2009A, 4.375%, 6/01/33 (Mandatory put 6/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,087,206</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010B, 4.375%, 6/01/33 (Mandatory put 6/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,651,121</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Scioto County, Ohio, Hospital Facilities Revenue Bonds, Southern Ohio Medical Center, Refunding Series 2016, 3.500%, 2/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,598,207</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Southeastern Ohio Port Authority, Hospital Facilities Revenue Bonds, Memorial Health System Obligated Group Project, Refunding and Improvement Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,095</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,197,919</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">955,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,365</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Toledo Lucas County Port Authority, Ohio, Revenue Bonds, Storypoint Waterville Project, Series 2016A-1, 6.125%, 1/15/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 104.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,377,271</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities Revenue Bonds, Ashland University, Refunding &amp; Improvement Series 2015, 6.000%, 3/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,365,817</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of Akron, Ohio, General Receipts Bonds, Federally Taxable Build America Bonds, Series 2010B, 5.000%, 1/01/29 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,183,380</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">301,215</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Ohio</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">302,404,568</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Oklahoma &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,601,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand River Dam Authority, Oklahoma, Revenue Bonds, Series 2010A, 5.250%, 6/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,853,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Oklahoma City Water Utilities Trust, Oklahoma, Water and Sewer Revenue Bonds, Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,132,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,670,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oklahoma Development Finance Authority, Health System Revenue Bonds, Integris Baptist Medical Center, Series 2008B, 5.250%, 8/15/38 (Pre-refunded 8/15/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,768,298</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/15/37 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,302,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/15/42 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,844,847</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,340</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds, Montereau, Inc. Project, Refunding Series 2017, 5.250%, 11/15/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/25 at 102.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,496,172</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">19,555</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Oklahoma</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">20,669,122</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Oregon &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Mirabella South Waterfront, Refunding Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.400%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,066,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 10/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">846,728</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oregon Department of Administrative Services, State Lottery Revenue Bonds, Series 2011A, 5.250%, 4/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">627,189</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oregon Department of Administrative Services, State Lottery Revenue Bonds, Series 2011A, 5.250%, 4/01/31 (Pre-refunded 4/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,967,641</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien Series 2009A, 5.000%, 11/15/33 (Pre-refunded 5/15/19)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aa1 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,241,620</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,800</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Oregon</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,749,228</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania &#8211; 6.3% (4.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 11/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">178,061</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.875%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">198,999</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2009A, 5.625%, 8/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,160,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">48</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z6e5125cde2b046d3bb0ca111b49de8e9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Refunding Series 2010, 5.000%, 6/01/40 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,686,077</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Generation Project, Series 2008B, 4.250%, 10/01/47 (Mandatory put 4/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,799,877</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35 (Mandatory put 7/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,336,741</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, School Lane Charter School Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 3/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,506,521</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 3/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,575,171</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chester County Health and Educational Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010A, 5.000%, 5/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,448,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015, 5.000%, 1/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,097,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health System Project, Series 2012A, 5.000%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,236,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E, 5.000%, 1/01/40 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,508,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Huntingdon County General Authority, Pennsylvania, Revenue Bonds, Juniata College, Series 2016OO2, 5.000%, 5/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,494,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Landis Homes Retirement Community Project, Refunding Series 2015A, 5.000%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,312,338</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,653,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue Bonds, New Regional Medical Center Project, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 8/01/33 (Pre-refunded 8/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,998,688</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 8/01/38 (Pre-refunded 8/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,999,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,074,074</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,218,678</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,038,524</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-120, 3.200%, 4/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,343,169</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,060,754</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,736,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2015B-1, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,285,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,797,394</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Philadelphia, Pennsylvania, Airport Revenue Bonds, Series 2010A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/35 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,438,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/40 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,414,731</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Hotel Room</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,692,349</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: 1.35pt">Excise Tax Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/35 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Sales Tax</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,677,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: 1.35pt">Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">49</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd6dede423dcc4ed3a214bc7126ccbc77" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1fed96c479ad4f80bf0bc34886ad3930" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Scranton, Pennsylvania, Sewer Authority Revenue Bonds, Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/31 (Pre-refunded 12/01/21) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,316,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/35 (Pre-refunded 12/01/21) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,180,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,790</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds, Series 2012B, 4.000%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,606,631</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">188,595</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Pennsylvania</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">201,071,537</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Puerto Rico &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2004J, 5.000%, 7/01/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590,378</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/47 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,678,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">86,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/54 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,667,400</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">136,840</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Puerto Rico</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">19,936,278</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Rhode Island &#8211; 1.1% (0.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Providence Housing Development Corporation, Rhode Island, FHA-Insured Section 8 Assisted Mortgage Revenue Refunding Bonds, Barbara Jordan Apartments, Series 1994A, 6.750%, 7/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,815,919</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rhode Island Health and Educational Building Corporation, Revenue Bonds, Care New England Health System, Series 2013A, 6.000%, 9/01/33 (Pre-refunded 9/01/23)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,243,380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">329,050</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 0.000%, 6/01/52</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 12.63</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">33,079,397</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">331,860</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Rhode Island</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">36,138,696</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>South Carolina &#8211; 2.8% (1.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2, 0.000%, 1/01/31 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,606,512</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Peters Parish/Jasper County Public Facilities Corporation, South Carolina, Installment Purchase Revenue Bonds, County Office Building Projects, Series 2011A, 5.250%, 4/01/44 (Pre-refunded 4/01/21) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,141,656</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health, Refunding Series 2011A, 6.500%, 8/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,456,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,790</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Federally Taxable Build America Series 2014C, 5.000%, 12/01/46 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">37,023,866</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Revenue Obligation Bonds, Santee Cooper Electric System, Series 2008A, 5.500%, 1/01/38 (Pre-refunded 1/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,501</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding &amp; Improvement Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,307,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/55</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,367,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014C, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,321,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013A, 5.125%, 12/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,398,124</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A, 5.500%, 12/01/54</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,121,827</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Spartanburg Regional Health Services District, Inc., South Carolina, Hospital Revenue Refunding Bonds, Series 2012A, 5.000%, 4/15/32</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,253,270</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">85,015</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total South Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">88,018,581</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">50</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z21b328d023a249428df01ebc81a05631" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>South Dakota &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health, Series 2012A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">276,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,692,389</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2014B, 5.000%, 11/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,220,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">910</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">993,593</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,565</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total South Dakota</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,182,727</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Tennessee &#8211; 0.7% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,420,292</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chattanooga-Hamilton County Hospital Authority, Tennessee, Hospital Revenue Bonds, Erlanger Health System, Refunding Series 2014A, 5.000%, 10/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,474,903</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,458,610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">525</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">581,107</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">20,565</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Tennessee</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">21,934,912</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas &#8211; 12.6% (8.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Wayside Schools, Series 2016A, 4.375%, 8/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">686,711</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Aubrey, Denton County, Texas, Special Assessment Revenue Bonds, Jackson Ridge Public Improvement District Phase 1 Project, Series 2015, 7.250%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,776,898</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Aubrey, Denton County, Texas, Special Assessment Revenue Bonds, Jackson Ridge Public Improvement District Phases 2-3 Major Improvements Project, Series 2015, 8.250%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,388,487</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Austin, Texas, Electric Utility System Revenue Bonds, Series 2015A, 5.000%, 11/15/45 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,216,841</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bexar County, Texas, Venue Project Revenue Bonds, Refunding Series 2010, 5.500%, 8/15/49 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,158,699</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Board of Managers, Joint Guadalupe County-Seguin City Hospital, Texas, Hospital Mortgage Revenue Bonds, Refunding &amp; Improvement Series 2015, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,551,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celina, Texas, Special Assessment Revenue Bonds, Sutton Fields II Public Improvement District Neighborhood Improvement Area 1 Project, Series 2015, 7.250%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,418,211</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celina, Texas, Special Assessment Revenue Bonds, Sutton Fields II Public Improvement District Neighborhood Improvement Areas 2-5 Major Improvement Project, Series 2015, 8.250%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,265,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celina, Texas, Special Assessment Revenue Bonds, Wells South Public Improvement District Neighborhood Improvement Area 1 Project, Series 2015, 6.250%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">407,321</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 1/01/31 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,735,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 1/01/46 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,997,636</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, 5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,091,818</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,925</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2016, 3.375%, 1/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,151,163</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2012, 3.750%, 8/15/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,517,505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.350%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">759,132</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.400%, 12/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">679,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">51</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc6a533cc4a0149b8946d9a704dea46cc" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z6542372135684c6f824db4c3f4275c9c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2015A, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,185,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Club Municipal Management District 1, Texas, Special Assessment Revenue Bonds, Improvement Area 1 Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 9/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">737,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">726,587</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding and Improvement Bonds, Series 2012C, 5.000%, 11/01/45 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,969,639</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2013A, 6.375%, 9/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,615,611</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2014A, 5.250%, 9/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">420,724</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc. Project, Series 2012A. RMKT, 4.750%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,282,623</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc. Project, Series 2012B, 4.750%, 11/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,128,996</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2013B, 5.250%, 10/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,040,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender Option Bond Trust 2015-XF0228, 15.548%, 4/01/53 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,337,757</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Series 2013B, 5.000%, 4/01/53 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,310,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston Methodist Hospital System, Series 2015, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,651,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,545</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Tender Option Bond Trust 2016-XG0054, 11.953%, 11/01/41 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,100,845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County, Texas, General Obligation Toll Road Revenue Bonds, Tender Option Bond Trust 2015-XF0074, 12.703%, 8/15/32 &#8211; AGM Insured (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,472,928</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation Refunding Senior Lien Series 2014A, 0.000%, 11/15/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 44.13</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,400,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2014A, 5.000%, 11/15/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,596,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/34 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 55.69</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,482,774</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston Higher Education Finance Corporation, Texas, Education Revenue Bonds, KIPP, Inc., Refunding Series 2015, 4.000%, 8/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,098,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2011B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 9/01/32 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">496,619</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 9/01/33 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">290,948</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/26 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,074,331</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/27 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,455,658</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,185,227</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Water and Sewerage System Revenue Bonds, Refunding Junior Lien Series 2002A, 5.750%, 12/01/32 &#8211; AGM Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,456,897</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hutto Independent School District, Williamson County, Texas, General Obligation Bonds, Refunding Series 2012A, 5.000%, 8/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,403,098</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Irving, Texas, Hotel Occupancy Tax Revenue Bonds, Series 2014B, 5.000%, 8/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,605,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">52</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z3d67ceb9c505464383f6d9daa83bef03" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson Memorial Hospital Project, Series 2015, 5.000%, 8/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,035,579</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2015, 5.000%, 5/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,112,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,095</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,363,429</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,407,813</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Legacy at Willow Bend Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,373,878</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,128,864</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">745</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Wesleyan Homes, Inc. Project, Series 2014, 5.500%, 1/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">760,824</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Corpus Christi II, L.L.C.-Texas A&amp;M University-Corpus Christi Project, Series 2016A, 5.000%, 4/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">221,642</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,530</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation &#8211; College Station I LLC &#8211; Texas A&amp;M University Project, Series 2014A, 4.100%, 4/01/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,621,914</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation &#8211; San Antonio 1, L.L.C. &#8211; Texas A&amp;M University &#8211; San Antonio Project, Series 2016A, 5.000%, 4/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">863,591</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation &#8211; Stephenville II, L.L.C. &#8211; Tarleton State University Project, Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,056,790</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,305,974</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,670,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Galveston-Texas A&amp;M University at Galveston Project, Series 2014A, 5.000%, 4/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,769,688</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%, 12/15/36 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,506,548</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/43 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,687,203</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/45 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,418,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A, 5.500%, 9/01/41 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,454,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B, 5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,809,646</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,484,307</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,230,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series 2014A, 5.125%, 2/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">626,592</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Red River Education Finance Corporation, Texas, Higher Education Revenue Bonds, Saint Edward&#8217;s University Project, Series 2016, 4.000%, 6/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,854,292</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tarrant County Cultural &amp; Educational Facilities Financing Corporation, Texas, Revenue Bonds, Tender Option Bond Trust 2016-XF0389, 8.465%, 11/15/47 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,517,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Baylor Health Care System, Series 2011A, 5.000%, 11/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,656,784</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">53</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z85ec28d498c8410a8331b6dcb1199bbe" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zfcaace266f7f4ba68fa0bbd4ceb9dd0e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.500%, 9/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,073,101</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott &amp; White Healthcare Project, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/15/45 (Pre-refunded 8/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">244,704</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/15/45 (Pre-refunded 8/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,044,578</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott &amp; White Healthcare Project, Series 2016A, 5.000%, 11/15/45 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,662,074</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas City Industrial Development Corporation, Texas, Industrial Development Revenue Bonds, NRG Energy, Inc. Project, Fixed Rate Series 2012, 4.125%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,058,574</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,635</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,164,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,762,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,723,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,723,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,199,583</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2012A, 5.000%, 8/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,441,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2015B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 59.60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,014,524</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 56.94</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,196,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier Refunding Series 2015C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,482,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">34,729,204</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A, 0.000%, 8/15/25 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,454,528</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,840</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ysleta Independent School District Public Facility Corporation, Texas, Lease Revenue Refunding Bonds, Series 2001, 5.375%, 11/15/24 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,883,829</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">399,680</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Texas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">404,127,246</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Utah &#8211; 0.8% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah Transit Authority, Sales Tax Revenue Bonds, Tender Option Bond 2015-XF0258, 12.206%, 6/15/36 (Pre-refunded 6/15/18) &#8211; AGM Insured (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,524,499</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah Transit Authority, Sales Tax Revenue Bonds, Tender Option Bond Trust 2016-XG0023, 11.169%, 6/15/32 (Pre-refunded 6/15/18) &#8211; AGM Insured (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,075,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah Transit Authority, Sales Tax Revenue Bonds, Series 2008A, 5.000%, 6/15/32 (Pre-refunded 6/15/18) &#8211; AGM Insured (UB) (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">15,678,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">23,480</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Utah</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,277,844</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Virginia &#8211; 1.4% (0.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Embrey Mill Community Development Authority, Virginia, Special Assessment Revenue Bonds, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.300%, 3/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,180,344</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.600%, 3/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,091,510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,945</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail &amp; Capital Improvement Project, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,681,191</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">54</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z49a43f4152774f909bc7803db3e92c14" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Virginia </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 0.000%, 10/01/44 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,381,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Second Senior Lien Revenue Bonds, Series 2009C, 6.500%, 10/01/41 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,067,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health System Obligated Group, Series 2005B, 5.000%, 7/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,048,198</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health System Obligated Group, Series 2005B, 5.000%, 7/01/38 (Pre-refunded 7/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,775</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Green Series 2015B, 5.250%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,062,960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">40,230</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Virginia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">45,530,118</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Washington &#8211; 3.5% (2.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle Excise Tax Bonds, Green Bonds, Series 2016S-1, 5.000%, 11/01/46 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,424,647</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Series 2015A, 5.000%, 7/01/38 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,708,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of Information Services Project, Series 2009, 5.500%, 6/01/39 (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,039,763</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">King County, Washington, Sewer Revenue Bonds, Series 2007, 5.000%, 1/01/42 (Pre-refunded 7/01/17) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,183,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">King County, Washington, Sewer Revenue Bonds, Tender Option Bond Trust 2016-XL0009, 9.041%, 1/01/39 (Pre-refunded 1/01/19) &#8211; AGC Insured (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,566,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">King County, Washington, Sewer Revenue Bonds, Tender Option Bond Trust 3090, 11.986%, 1/01/39 (Pre-refunded 7/01/17) &#8211; AGM Insured (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,141,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of Washington, General Revenue Bonds, Series 2007, 5.000%, 6/01/37 (Pre-refunded 6/01/17) &#8211; AMBAC Insured (UB) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,038,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2011A, 5.625%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,246,168</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Providence Health &amp; Services, Tender Option Bond Trust 2015-XF0148, 15.362%, 10/01/44 (IF) (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,770,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children&#8217;s Hospital, Series 2012A, 5.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,221,206</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Washington State Housing Finance Commission, Non-profit Housing Revenue Bonds, Presbyterian Retirement Communities Northwest Project, Refunding Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,272,398</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,614,522</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">21,510</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State, General Obligation Bonds, Series 2002C, 0.000%, 6/01/28 &#8211; NPFG Insured (UB) (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aa1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">15,875,240</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">109,875</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Washington</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">111,103,074</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>West Virginia &#8211; 1.9% (1.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pleasants County, West Virginia, Pollution Control Revenue Bonds, Allegheny Energy Supply Company, LLC Pleasants Station Project, Series 2007F, 5.250%, 10/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,041,938</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">West Virginia Economic Development Authority, State Lottery Revenue Bonds, Series 2010A, 5.000%, 6/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,953,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">40,855</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding &amp; Improvement Series 2013A, 5.500%, 6/01/44</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">45,753,106</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">54,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total West Virginia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">59,748,044</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">55</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2eecf4324b244c6a9ed383581286bf0b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="ze4343c85f816452d88ccf4caf84acd8a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Wisconsin &#8211; 2.5% (1.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Cornerstone Charter Academy, North Carolina, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,632,733</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 2/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">279,328</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Envision Science Academy Project, Series 2016A, 5.125%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,402,537</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016C, 4.050%, 11/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,469,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc., Series 2012A, 5.000%, 7/15/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,432,054</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc., Series 2013A, 5.125%, 4/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,765,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Health Inc. Obligated Group, Series 2012A, 5.000%, 4/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,133,712</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran, Series 2011A, 5.250%, 10/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,658,757</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,573,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.500%, 2/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,602,238</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc., Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,896,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,592,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital, Inc., Series 2011A, 5.750%, 5/01/35 (Pre-refunded 5/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,464,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, ProHealth Care, Inc. Obligated Group, Refunding Series 2015, 3.375%, 8/15/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,091,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Rocket Education Obligated Group, Series 2017C, 5.250%, 6/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,449,928</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Rogers Memorial Hospital, Inc., Series 2014A, 5.000%, 7/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,082,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Saint John&#8217;s Communities Inc., Series 2015B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">574,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,038,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Three Pillars Senior Living Communities, Refunding Series 2013, 5.000%, 8/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,078,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Woodland Hills Senior Housing Project, Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,530,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,775</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,769,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Project. Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,009,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 10/01/49</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,512,885</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">75,370</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Wisconsin</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">80,039,117</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">56</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc57b6abb580a489da4f24647934bede8" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Wyoming &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,035</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Campbell County, Wyoming Solid Waste Facilities Revenue Bonds, Basin Electric Power Cooperative &#8211; Dry Fork Station Facilities, Series 2009A, 5.750%, 7/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,186,974</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Teton County Hospital District, Wyoming, Hospital Revenue Bonds, St. John&#8217;s Medical Center Project, Series 2011B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,113,990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,110,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wyoming Municipal Power Agency, Power Supply System Revenue Bonds, Series 2008A, 5.375%, 1/01/42 (Pre-refunded 1/01/18)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,120,960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,035</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Wyoming</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,532,004</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,612,069</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Municipal Bonds (cost $4,698,777,269)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,003,047,209</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z604f9c0f3c314aa08e7c41f86153432b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%"><b>Coupon</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%"><b>Maturity</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>CORPORATE BONDS &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Transportation &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">1,284</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt">Las Vegas Monorail Company, Senior Interest Bonds (9), (10)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 5%">5.500%</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">7/15/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">796,921</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%">344</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt">Las Vegas Monorail Company, Senior Interest Bonds (9), (10)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">5.500%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">7/15/55</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%">172,830</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%">1,628</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt">Total Corporate Bonds ($136,893)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%">969,751</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Total Long-Term Investments ($4,698,914,162)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>5,004,016,960</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Floating Rate Obligations &#8211; (6.8)%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>(217,000,000</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs &#8211; (7.5)% (11)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>(240,386,902</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Variable Rate Demand Preferred Shares, net of deferred offering costs &#8211; (43.9)% (12)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>(1,407,460,858</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Other Assets Less Liabilities &#8211; 2.0% (13)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>64,950,675</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; WIDTH: 42%; TEXT-INDENT: -8.65pt"><b>Net Assets Applicable to Common Shares &#8211; 100%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 5%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 2%"><b>$</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>3,204,119,875</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">57</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z3fa65660245f404fb0b33a98cefe09ad" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NVG</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen AMT-Free Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Investments in Derivatives as of April 30, 2017<br>
<b>Interest Rate Swaps (OTC uncleared)</b></p>

<p style="PADDING-TOP: 8pt; FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zc3a27a998d584339867941bcb1542dab" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 20%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%"><b>Fund</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 14%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 8%"><b>Fixed Rate</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 8%"><b>Unrealized</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Notional</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Pay/Receive</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Floating Rate</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Fixed Rate</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Payment</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Effective</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Termination/</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Appreciation</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>Counterparty</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Floating Rate</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Index</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(Annualized)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Frequency</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Date (14)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Date</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(Depreciation)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">JPMorgan Chase Bank, N.A.</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">57,900,000</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Receive</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Weekly USD-SIFMA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1.375</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: left">%</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Quarterly</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/03/17</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/03/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,590,367</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">JPMorgan Chase Bank, N.A.</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">68,900,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Receive</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Weekly USD-SIFMA</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1.208</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Quarterly</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/11/17</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/11/28</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,921,891</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">126,800,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">7,512,258</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 10%">(1)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 90%">All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(2)</td>
<td style="FONT-SIZE: 10pt">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.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(3)</td>
<td style="FONT-SIZE: 10pt">The ratings disclosed are the lowest of Standard &amp; Poor&#8217;s Group (&#8220;Standard &amp; Poor&#8217;s&#8221;), Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;) or Fitch, Inc. (&#8220;Fitch&#8221;) rating. Ratings below BBB by Standard &amp; Poor&#8217;s, Baa by Moody&#8217;s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(4)</td>
<td style="FONT-SIZE: 10pt">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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities.</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(5)</td>
<td style="FONT-SIZE: 10pt">Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(6)</td>
<td style="FONT-SIZE: 10pt">The coupon for this security increased 0.25% effective January 1, 2016 and increased an additional 0.25% effective May 11, 2016.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(7)</td>
<td style="FONT-SIZE: 10pt">Step-up coupon. The rate shown is the coupon as of the end of the reporting period.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(8)</td>
<td style="FONT-SIZE: 10pt">As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund&#8217;s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund&#8217;s records.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(9)</td>
<td style="FONT-SIZE: 10pt">Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 &#8211; Investment Valuation and Fair Value Measurements for more information.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(10)</td>
<td style="FONT-SIZE: 10pt">During January 2010, Las Vegas Monorail Company (&#8220;Las Vegas Monorail&#8221;) filed for federal bankruptcy protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on July 15, 2055. The Fund was not accruing income for either senior interest corporate bond. On January 18, 2017, the Fund&#8217;s Adviser determined it was likely that this senior interest corporate bond would fulfill its obligation on the security maturing on July 15, 2019, and therefore began accruing income on the Fund&#8217;s records.</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(11)</td>
<td style="FONT-SIZE: 10pt">Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 4.8%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(12)</td>
<td style="FONT-SIZE: 10pt">Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 28.1%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(13)</td>
<td style="FONT-SIZE: 10pt">Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter derivatives (&#8220;OTC&#8221;) as presented on the Statement of Assets and Liabilities, when applicable. The unrealized appreciation (depreciation) of OTC-cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable.</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(14)</td>
<td style="FONT-SIZE: 10pt">Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(ETM)</td>
<td style="FONT-SIZE: 10pt">Escrowed to maturity.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(IF)</td>
<td style="FONT-SIZE: 10pt">Inverse floating rate investment.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(UB)</td>
<td style="FONT-SIZE: 10pt">Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 &#8211; Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(WI/DD)</td>
<td style="FONT-SIZE: 10pt">Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">USD-SIFMA</td>
<td style="FONT-SIZE: 10pt">United States Dollar-Securities-Industry and Financial Market Association</td>
</tr>
</table>

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<p style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: italic 10pt Arial; MARGIN: 0px">See accompanying notes to financial statements.</p>

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<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">58</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
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</table>

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<td style="FONT-SIZE: 18pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 18pt; TEXT-ALIGN: left"><b>Portfolio of Investments</b></td>
<td style="FONT-SIZE: 10pt"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

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<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>LONG-TERM INVESTMENTS &#8211; 154.7% (99.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>MUNICIPAL BONDS &#8211; 154.5% (99.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Alabama &#8211; 1.4% (0.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alabama Private Colleges and University Facilities Authority, Limited Obligation Bonds, University of Mobile Project, Series 2015A, 6.000%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,645,696</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alabama Special Care Facilities Financing Authority, Birmingham, Hospital Revenue Bonds, Daughters of Charity National Health System &#8211; Providence Hospital and St. Vincent&#8217;s Hospital, Series 1995, 5.000%, 11/01/25 (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,727,308</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson County, Alabama, Limited Obligation School Warrants, Education Tax Revenue Bonds, Series 2004A, 5.250%, 1/01/23 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,505,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,996,749</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,375</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Selma Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, International Paper Company Project, Series 2010A, 5.800%, 5/01/34</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,636,108</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">28,985</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Alabama</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">30,510,916</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Alaska &#8211; 0.8% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham Hydroelectric Project, Refunding Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/31 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,086,530</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/33 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,181,546</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/34 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,110,801</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Anchorage, Alaska, Water Revenue Bonds, Refunding Series 2007, 5.000%, 5/01/37 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,297,076</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.625%, 6/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">562,341</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,010</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,717,543</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">16,710</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Alaska</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">16,955,837</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arizona &#8211; 3.2% (2.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds, Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,381,016</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Board of Regents, Certificates of Participation, Arizona State University, Refunding Series 2006, 5.000%, 7/01/25 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,488,666</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals Project, Refunding Series 2014A, 5.000%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,115,621</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility Project, Refunding Senior Series 2012A, 5.000%, 7/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,298,645</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona State Transportation Board, Highway Revenue Bonds, Tender Option Bond Trust 3151, 11.899%, 7/01/33 (Pre-refunded 7/01/18) (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,872,770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cahava Springs Revitalization District, Cave Creek, Arizona, Special Assessment Bonds, Series 2017A, 7.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,327,209</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2015, 5.000%, 7/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,141,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maricopa County Industrial Development Authority, Arizona, Health Facility Revenue Bonds, Catholic Healthcare West, Series 2007A, 5.250%, 7/01/32 (Pre-refunded 7/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,942,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2010A, 5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,897,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2008A, 5.000%, 7/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,149,721</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">59</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z90665d8df6dd454b97bcd43d4651dec7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf3e6a030cad14ace97efda7da938b18b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arizona </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Phoenix Mesa Gateway Airport Authority, Arizona, Special Facility Revenue Bonds, Mesa Project, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/27 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">444,044</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/32 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,034,702</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue and Refunding Bonds, Edkey Charter Schools Project, Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">303,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">295,203</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">172,706</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2014A, 7.375%, 7/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,120,517</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,790</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,538,308</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,834,643</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2016, 6.500%, 2/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">602,687</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Noah Webster Schools ? Pima Project, Series 2014A, 7.250%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">852,743</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Education Center Project, Series 2010, 6.100%, 6/01/45 (Pre-refunded 6/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">716,346</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pinal County Electrical District 3, Arizona, Electric System Revenue Bonds, Refunding Series 2011, 5.250%, 7/01/41 (Pre-refunded 7/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,301,931</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,235</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc. Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,478,407</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">67,370</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Arizona</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">71,310,670</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California &#8211; 20.7% (13.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue Bonds, Channing House, Series 2010, 6.000%, 5/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,718,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">ABC Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2000B, 0.000%, 8/01/23 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,751,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate Lien Series 2004A, 5.450%, 10/01/25 (Pre-refunded 10/01/17) &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,568,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alameda Unified School District, Alameda County, California, General Obligation Bonds, Series 2005B, 0.000%, 8/01/28 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,026,579</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Refunding Series 2007A-1, 4.375%, 3/01/37 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,048,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">535</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A, 5.000%, 3/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">515,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Blythe Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Redevelopment Project 1, Refunding Series 2015, 5.000%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,984,284</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Calexico Unified School District, Imperial County, California, General Obligation Bonds, Series 2005B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/32 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,301,951</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/34 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,203,333</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Golden Gate Tobacco Funding Corporation, Turbo, Series 2007A, 5.000%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,288,642</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.450%, 6/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,328,118</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.600%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,741,380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.650%, 6/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,240,127</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Merced County Tobacco Funding Corporation, Series 2005A, 5.000%, 6/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595,196</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">60</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z4d111bda8aee42248b4f65e76fffaccf" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Series 2009B, 5.500%, 10/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,689,544</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,348,454</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">794,994</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Tender Option Bond Trust 2015-XF0078, 12.265%, 11/15/48 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,072,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Charter School Lease Revenue Bonds, Santa Rosa Academy Project, Series 2015, 5.375%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">854,164</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,365</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010A, 6.400%, 8/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,482,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authority Desalination Project Pipeline, Series 2012, 5.000%, 11/21/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,288,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep &#8211; Obligated Group, Series 2016, 5.000%, 6/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,950,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, Various Projects Series 2013A, 5.000%, 3/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,223,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2009-I, 6.375%, 11/01/34 (Pre-refunded 11/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,381,052</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2010A-1, 5.750%, 3/01/30 (Pre-refunded 3/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,694,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2011A, 5.125%, 10/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,078,385</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California State, General Obligation Bonds, Various Purpose Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/37 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,768,044</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/37 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,294,516</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California State, General Obligation Bonds, Various Purpose Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 3/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,111,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 11/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,575,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State, General Obligation Bonds, Various Purpose Series 2011, 5.250%, 10/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,436,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.500%, 12/01/54</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,898,251</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,802,149</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/56</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,323,964</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes of the West, Series 2010, 6.250%, 10/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,121,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, School Facility Revenue Bonds, Aspire Public Schools, Series 2010, 6.000%, 7/01/40 (Pre-refunded 1/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,136,604</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A, 5.500%, 7/01/39 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">899,510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005H, 5.250%, 7/01/25 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">821,582</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,455</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital Project, Series 2009, 6.750%, 2/01/38 (Pre-refunded 8/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,767,031</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California, General Obligation Veterans Welfare Bonds, Series 2001BZ, 5.350%, 12/01/21 &#8211; NPFG Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20,056</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community Facilities District 98-2, Series 2005, 0.000%, 9/01/31 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,589,733</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">61</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zca83a8c2d5144941b5f77c53ae053ce4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z28682f40252640ec9f615fa427ee0195" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clovis Unified School District, Fresno County, California, General Obligation Bonds, Election 2012 Series 2013B, 5.000%, 8/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,402,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Coast Community College District, Orange County, California, General Obligation Bonds, Series 2005, 0.000%, 8/01/22 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,638,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colton Joint Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2006C, 0.000%, 2/01/37 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,646,878</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Contra Costa County, California, GNMA Mortgage-Backed Securities Program Home Mortgage Revenue Bonds, Series 1989, 7.750%, 5/01/22 (Alternative Minimum Tax) (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,570,157</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Davis, California, Special Tax Bonds, Community Facilities District 2015-1 Series 2015, 5.000%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,411,806</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Folsom Cordova Unified School District, Sacramento County, California, General Obligation Bonds, School Facilities Improvement District 1, Series 2004B, 0.000%, 10/01/28 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,755,293</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Folsom Cordova Unified School District, Sacramento County, California, General Obligation Bonds, School Facilities Improvement District 2, Series 2002A, 0.000%, 7/01/27 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,505,552</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A, 0.000%, 1/15/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,866,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/15/26 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,435,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 1/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,788,088</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/15/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,089,799</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Foothill-De Anza Community College District, Santa Clara County, California, Election of 1999 General Obligation Bonds, Series A, 0.000%, 8/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,960,551</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gateway Unified School District, California, General Obligation Bonds, Series 2004B, 0.000%, 8/01/32 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,309,341</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gavilan Joint Community College District, Santa Clara and San Benito Counties, California, General Obligation Bonds, Election of 2004 Series 2011D, 5.750%, 8/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,146,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/26 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,442,517</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,755,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,831,582</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,549,052</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 5.750%, 6/01/47 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">175,786</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 4.500%, 6/01/27 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">441,474</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grossmont Healthcare District, California, General Obligation Bonds, Series 2011B, 6.125%, 7/15/40 (Pre-refunded 7/15/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,571,063</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hillsborough City School District, San Mateo County, California, General Obligation Bonds, Series 2006B, 0.000%, 9/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,403,378</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Huntington Beach Union High School District, Orange County, California, General Obligation Bonds, Series 2005, 0.000%, 8/01/31 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,052,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Huntington Beach Union High School District, Orange County, California, General Obligation Bonds, Series 2007, 0.000%, 8/01/32 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,439,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Inland Empire Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Series 2007C-2, 0.000%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 13.65</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,707,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Inland Empire Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Series 2007, 0.000%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 28.99</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,813,346</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">62</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zce262a413fa447aa8b6ab24cf3348cf2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Los Angeles Regional Airports Improvement Corporation, California, Lease Revenue Refunding Bonds, LAXFUEL Corporation at Los Angeles International Airport, Series 2012, 4.500%, 1/01/27 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,970,963</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Madera County, California, Certificates of Participation, Children&#8217;s Hospital Central California, Series 2010, 5.375%, 3/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">582,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Martinez Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2011, 5.875%, 8/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,472,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mendocino-Lake Community College District, Mendocino and Lake Counties, California, General Obligation Bonds, Election 2006, Series 2011B, 5.600%, 8/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,225,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/28 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">953,564</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/43 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/35 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,717,357</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009B, 6.500%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,548,976</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 11/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,797,415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,064,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Orange County Community College District, California, General Obligation Bonds, Election of 2002 Series 2003B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/25 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,332,026</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/01/26 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,264,914</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Norwalk La Mirada Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2002 Series 2005B, 0.000%, 8/01/25 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,780,821</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009, 6.625%, 11/01/29 (Pre-refunded 11/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,415,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 5.250%, 11/01/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">991,897</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, Election of 2004, Series 2007A, 0.000%, 8/01/24 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,944,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital Appreciation, Election 2004 Series 2010A, 0.000%, 8/01/40 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/30 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,277,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/38 &#8211; AGC Insured (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/29 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,834,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Paramount Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2001B, 0.000%, 9/01/23 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,528,363</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Perris, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage Revenue Bonds, Series 1989A, 7.600%, 1/01/23 (Alternative Minimum Tax) (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,317,318</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Petaluma, Sonoma County, California, Wastewater Revenue Bonds, Refunding Series 2011, 5.500%, 5/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,849,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of Participation, Refunding Series 2011, 6.000%, 10/01/28 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,519,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2007A, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,007,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Redlands Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2003, 0.000%, 7/01/27 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,376,672</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ridgecrest Redevelopment Agency, California, Ridgecrest Redevelopment Project Tax Allocation Bonds, Refunding Series 2010, 6.125%, 6/30/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,260,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series 2013A, 5.750%, 6/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">229,862</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sacramento City Unified School District, Sacramento County, California, General Obligation Bonds, Series 2007, 0.000%, 7/01/25 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,228,767</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">63</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zb236b5a957414bef9db7f9bb575b9278" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc6ab9c471318481c9340c0d6c4aca81c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011, 7.500%, 12/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,137,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015, 5.000%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">176,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Diego Community College District, California, General Obligation Bonds, Tender Option Bond Trust 2016-XG0053, 11.980%, 8/01/41 (Pre-refunded 8/01/21) (IF) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,377,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Tender Option Bond Trust 2015-XF0098, 17.423%, 8/01/39 (Pre-refunded 8/01/19) (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,561,634</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds, Mission Bay North Redevelopment Project, Series 2009C, 6.500%, 8/01/39 (Pre-refunded 8/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">752,068</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Joaquin Delta Community College District, California, General Obligation Bonds, Election 2004 Series 2008B, 0.000%, 8/01/29 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 53.32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,177,339</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,923,074</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,240,623</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,441,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A, 0.000%, 1/15/23 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,008,033</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Luis Obispo County Financing Authority, California, Revenue Bonds, Nacimiento Water Project, Tender Option Bond Trust 2015-XF2185, 15.147%, 9/01/38 &#8211; BHAC Insured (IF) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,227,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding Series 2015, 0.000%, 8/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,442,189</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Semitrophic Improvement District of Semitrophic Water Storage District, Kern County, California, Revenue Bonds, Refunding Series 2009A, 5.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">751,196</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">37,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Silicon Valley Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Santa Clara County Tobacco Securitization Corporation, Series 2007A, 0.000%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 18.52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,871,259</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, Senior Series 2006A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,595,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,089,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2000 Series 2003D, 0.000%, 8/01/27 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,338,228</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wiseburn School District, Los Angeles County, California, General Obligation Bonds, Series 2011B, 0.000%, 8/01/36 &#8211; AGM Insured (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,252,581</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wiseburn School District, Los Angeles County, California, General Obligation Bonds, Series 2011B, 5.625%, 5/01/41 (Pre-refunded 8/01/21) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,601,181</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Yuba Community College District, California, General Obligation Bonds, Election 2006 Series 2011C, 5.250%, 8/01/47</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,381,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">518,565</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total California</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">456,283,646</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado &#8211; 6.7% (4.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Adams County School District 1, Mapleton Public Schools, Colorado, General Obligation Bonds, Series 2010, 6.250%, 12/01/35 (Pre-refunded 12/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,467,775</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Anthem West Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2015, 5.000%, 12/01/35 &#8211; BAM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,651,635</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/40 &#8211; SYNCORA GTY Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,602,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Base Village Metropolitan District 2, Colorado, General Obligation Bonds, Refunding Series 2016A, 5.500%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,232,022</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brighton Crossing Metropolitan District 4, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2013, 7.000%, 12/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">702,548</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">64</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1439b12a4872427eace05887165fed15" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Castle Oaks Metropolitan District 3, Castle Rock, Douglas County, Colorado, General Obligation Limited Tax Bonds, Series 2016, 5.500%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &amp; Improvement Series 2017:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">777,153</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,215,127</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2013A, 6.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">715,456</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cherry Creek Corporate Center Metropolitan District, Arapahoe County, Colorado, Revenue Bonds, Refunding Senior Lien Series 2015A, 5.000%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">988,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado City Metropolitan District, Oueblo county, Colorado, Water and Wastewater Enterprise Revenue Bonds, Refunding &amp; Improvement Series 2012, 4.500%, 12/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,273,530</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Pinnacle Charter School, Inc. High School Project, Series 2010, 5.000%, 12/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,024,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Montessori Peaks Academy, Series 2006A, 5.400%, 5/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,301,318</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2006A, 4.500%, 9/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,461,901</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2009A, 5.500%, 7/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,465,532</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,748,167</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children&#8217;s Hospital Colorado Project, Series 2013A, 5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,218,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Craig Hospital Project, Series 2012, 4.000%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,023,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,655</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A, 5.000%, 6/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,810,374</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.625%, 6/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">619,380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Poudre Valley Health System, Series 2005C, 5.250%, 3/01/40 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,211,468</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,288,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Yampa Valley Medical Center, Series 2007, 5.125%, 9/15/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,278,990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Series 2013B-1, 5.000%, 11/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,565,878</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Series 2009A, 5.000%, 3/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Series 2009A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 3/01/34 (Pre-refunded 3/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,259,729</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 3/01/34 (Pre-refunded 3/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,363</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,945</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Refunding Series 2015, 5.000%, 8/01/36 &#8211; BAM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,183,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Compark Business Campus Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2007A, 5.600%, 12/01/34 &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,021,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Concord Metropolitan District, Douglas County, Colorado, General Obligation Bonds, Refunding Series 2010, 5.375%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,045,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Copperleaf Metropolitan District 2, Colorado, General Obligation Limited Tax Bonds, Series 2006, 5.250%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">519,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">65</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z695b096e14e6405b98eb9a07afb46e4c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z40119f62e0b7462fb1814333bd7334a0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,503,996</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,278,479</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Capital Appreciation Series 2010A, 0.000%, 9/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,327,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/26 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,458,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,795,383</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/31 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,410,472</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/32 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,508,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 9/01/28 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 63.98</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,652,895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Eaton Area Park and Recreation District, Colorado, General Obligation Limited Tax Bonds, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">522,424</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">193,811</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Erie Highlands Metropolitan District No. 1 (In the Town of Erie), Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2015A, 5.750%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">504,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Flatiron Meadows Metropolitan District, Boulder County, Colorado, General Obligation Limited Tax Bonds, Series 2016, 5.125%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">956,484</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,163,363</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,023,610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Great Western Park Metropolitan District 2, Broomfield City and County, Colorado, General Obligation Bonds, Series 2016A, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">751,143</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,431,588</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,462,995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Maher Ranch Metropolitan District 4, Colorado, General Obligation Limited Tax Bonds, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 12/01/27 (Pre-refunded 12/01/17) &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">973,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/36 (Pre-refunded 12/01/17) &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,051,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Meridian Metropolitan District, Douglas County, Colorado, General Obligation Refunding Bonds, Series 2011A, 5.000%, 12/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,086,510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45</td>
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<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,002,658</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,527,098</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Parker Automotive Metropolitan District (In the Town of Parker, Colorado), General Obligation Bonds, Refunding Series 2016, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">463,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Regional Transportation District, Colorado, Certificates of Participation, Series 2010A, 5.375%, 6/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,752,339</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/15/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,824,556</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,365</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,613,207</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reserve Metropolitan District 2, Mount Crested Butte, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2016A, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">936,132</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sierra Ridge Metropolitan District 2, Douglas County, Colorado, General Obligation Bonds, Limited Tax Series 2016A, 5.500%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">529,904</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Thompson Crossing Metropolitan District No. 6 in the Town of Johnstown, Larimer County, Colorado, General Obligation Limited Tax Bonds Series 2015A, 6.000%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">638,437</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">66</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zb7cb7a05ac694cd191cfcd2c4b6bd1ec" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">55</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Water Valley Metropolitan District 1, Colorado, General Obligation Bonds, Refunding Series 2016, 5.250%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">56,797</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">105</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Water Valley Metropolitan District 2, Windsor, Colorado, General Obligation Bonds, Refunding Series 2016, 5.250%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">110,838</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">168,550</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Colorado</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">148,723,540</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Connecticut &#8211; 0.1% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare, Series 2011A, 5.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,596,825</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>District of Columbia &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Convention Center Authority, District of Columbia, Dedicated Tax Revenue Bonds, Senior Lien Refunding Series 2007A, 4.500%, 10/01/30 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,011,150</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida &#8211; 5.6% (3.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc. Project, Series 2010A, 6.000%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,300,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc. Project, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,016,357</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">871,488</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Series 2016A, 5.375%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">772,222</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">535</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Series 2016B, 5.625%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">549,606</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bexley Community Development District, Pasco County, Florida, Special Assessment Revenue Bonds, Series 2016, 4.700%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">628,764</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brevard County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Health First, Inc. Project, Series 2009B, 7.000%, 4/01/39 (Pre-refunded 4/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,355,031</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Broward County, Florida, Airport Facility Revenue Bonds, Learjet Inc., Series 2000, 7.500%, 11/01/20 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,435,694</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Broward County, Florida, Airport System Revenue Bonds, Refunding Series 2009O, 5.375%, 10/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,474,519</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Broward County, Florida, Fuel System Revenue Bonds, Fort Lauderdale Fuel Facilities LLC Project, Series 2013A, 5.000%, 4/01/33 &#8211; AGM Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,605,238</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Capital Trust Agency, Florida, Multifamily Housing Revenue Bonds, The Gardens Apartments Project, Series 2015A, 5.000%, 7/04/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,463,357</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Creekside at Twin Creeks Community Development District, Florida, Special Assessment Bonds, Area 1 Project, Series 2016A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 11/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">130,266</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.600%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">165,531</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Creekside at Twin Creeks Community Development District, Florida, Special Assessment Bonds, Area 1 Project, Series 2016A-2, 5.625%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">544,544</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Downtown Doral Community Development District, Florida, Special Assessment Bonds, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 5/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">560,672</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.300%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">620,387</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">963,289</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 5/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,312,634</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Florida Charter Foundation Inc. Projects, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 6/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,033,808</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 7/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,289,814</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,575</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.375%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,622,457</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,314,574</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">67</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z9a2f2a3b4f354643b90ee210ab139fa9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z6de0e339acde41e69f012a0a2bd696be" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Pepin Academies Inc., Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">921,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,123,937</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">916,713</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">568,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University, Refunding Series 2011, 6.375%, 4/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,260,952</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">385</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, South Parcel Assessment Area Project, Series 2016, 4.750%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">382,143</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Series 2015A, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,122,996</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Subordinate Lien Series 2015B, 5.000%, 10/01/40 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,908,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series 2012B, 5.000%, 10/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,742,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,812,412</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds, Development Unit 46B, Series 2007A, 5.350%, 8/01/41 (Pre-refunded 8/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,011,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds, Development Unit 53, Series 2015, 5.350%, 8/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,222,476</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc., Series 2012A, 5.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,343,281</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Orlando, Florida, Capital Improvement Special Revenue Bonds, Series 2014B, 5.000%, 10/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,597,711</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">85</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of Boca Raton Project, Series 2014A, 7.250%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">99,859</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1, Series 2007B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/33 (Pre-refunded 7/01/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,808,139</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/40 (Pre-refunded 7/01/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,510,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reunion West Community Development District, Florida, Special Assessment Bonds, Area 3 Project, Series 2016, 5.000%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,488</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Seminole Tribe of Florida, Special Obligation Bonds, Series 2007A, 144A, 5.250%, 10/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,055,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Six Mile Creek Community Development District, Florida, Capital Improvement Revenue Bonds, Assessment Area 2, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.750%, 11/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">183,146</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">304,209</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Broward Hospital District, Florida, Hospital Revenue Bonds, Memorial Health System, Refunding Series 2008, 5.000%, 5/01/28 (Pre-refunded 5/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">614,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System Obligation Group, Series 2007, 5.000%, 8/15/42 (UB) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,811,019</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Village Community Development District, Clay County, Florida, Capital Improvement Revenue Bonds, Refunding Series 2016A1, 3.625%, 5/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">337,594</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">South Village Community Development District, Clay County, Florida, Capital Improvement Revenue Bonds, Refunding Series 2016A2:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.350%, 5/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">147,401</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.875%, 5/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">97,484</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sumter County Industrial Development Authority, Florida, Hospital Revenue Bonds, Central Florida Health Alliance Projects, Series 2014A, 5.125%, 7/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,466,951</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">68</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zbe0d6ae8f39f42b7aac948f2619aca40" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sunrise, Florida, Utility System Revenue Refunding Bonds, Series 1998, 5.000%, 10/01/28 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,586,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,672,306</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">70</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-2, 6.610%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">65,099</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-3, 0.000%, 5/01/40 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">119,454</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">85</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">37,572</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.650%, 5/01/40 (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing Parcel Series 2007-1. RMKT, 6.650%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,054</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2012A-1, 6.650%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">181,552</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">93,427</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Union Park Community Development District, Florida, Capital Improvement Revenue Bonds, Series 2016A-1, 5.375%, 11/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">305,376</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">405</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Union Park Community Development District, Florida, Capital Improvement Revenue Bonds, Series 2016A-2, 5.625%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">413,671</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">120,545</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Florida</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">123,619,082</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Georgia &#8211; 2.4% (1.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1, 5.250%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,121,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2010C, 5.250%, 1/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,843,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B, 5.250%, 11/01/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,649,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.500%, 11/01/22 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,090,316</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">DeKalb County Hospital Authority, Georgia, Anticipation Certificates Revenue Bonds, DeKalb Medical Center, Inc. Project, Series 2010, 6.000%, 9/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,570,353</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010A, 5.000%, 2/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">633,353</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010A, 5.000%, 2/15/30 (Pre-refunded 2/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,098,078</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">508,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 2/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255,237</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/15/37 (Pre-refunded 2/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,685,583</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 2/15/40 (Pre-refunded 2/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,209,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Georgia Municipal Electric Authority, General Power Revenue Bonds, Series 1993B, 5.700%, 1/01/19 &#8211; FGIC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,151,366</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">69</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z30e2234390fe4fd4b3cb28c7d63cdc37" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zffc5dac0e00f44899832cd844d493837" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Georgia </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Georgia Municipal Electric Authority, Plant Vogtle Units 3 &amp; 4 Project J Bonds, Series 2015A, 5.000%, 7/01/60</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,338,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Macon-Bibb County Urban Development Authority, Georgia, Revenue Bonds, Academy for Classical Education, Series 2017, 5.875%, 6/15/47 (WI/DD, Settling 5/10/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">837,001</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Columbus Regional Healthcare System, Inc. Project, Series 2008, 6.500%, 8/01/38 (Pre-refunded 8/01/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,675,650</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">48,535</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Georgia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">53,668,642</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Guam &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010, 5.500%, 7/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,275,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">810</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">889,315</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,810</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Guam</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,164,795</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Hawaii &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2010A, 5.500%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,076,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2013A, 5.500%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,374,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,175</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University, Series 2013A, 6.625%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,265,734</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,175</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Hawaii</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,716,564</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Idaho &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016, 5.000%, 9/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">187,604</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">595</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights Mitigation Series 2012A, 5.000%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">642,630</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">770</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Idaho</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">830,234</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois &#8211; 26.4% (17.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Capital Improvement Revenues, Series 2016, 6.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">51,735,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2011A, 5.500%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">831,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 12/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,805,814</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">51,780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50,119,933</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Series 1999A, 0.000%, 12/01/26 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">301,095</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Revenues, Refunding Series 2004A, 5.000%, 12/01/20 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,985,872</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/01/26 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,147,507</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/01/28 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,992,138</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/01/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">932,997</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1999A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/01/27 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,634,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/01/31 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,617,321</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">70</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z4e5095ed555741408daf69e9e128c073" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,592,056</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, FHA/GNMA Collateralized Multifamily Housing Revenue Bonds, Stone Terrace Apartments, Series 2001A, 5.750%, 12/20/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,224,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,476,952</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/34 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,954,856</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/37 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,652,406</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Neighborhoods Alive 21 Program, Series 2002B, 5.500%, 1/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">674,107</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2006A, 4.625%, 1/01/31 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,006,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2014A, 5.000%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,587,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2017A, 6.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,835,407</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2005D, 5.500%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,999,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2009C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,395,915</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">557,096</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, Project Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,846,042</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,204,777</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, Project Series 2012A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,155</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,115,949</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">529,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Refunding Project Series 2005B, 4.750%, 1/01/32 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,400,536</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, Refunding Series 2007E:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,133,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,889,529</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Refunding Series 2008A, 5.250%, 1/01/37 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">288,256</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C, 5.000%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">734,576</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Series 1999, 0.000%, 1/01/30 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">919,342</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,965</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Series 2004A, 5.000%, 1/01/34 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,975,349</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Chicago, Illinois, General Obligation Bonds, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,805,194</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.250%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,820,238</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cook County Forest Preserve District, Illinois, General Obligation Bonds, Personal Property Replacement Tax Alternate Source, Series 2012C, 5.000%, 12/15/37 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,332,475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A, 5.250%, 11/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,930,741</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">340,309</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">405,162</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Charter School Revenue Bonds, Intrinsic Charter Schools Belmont School Project, Series 2015A, 5.500%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">797,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Charter School Revenue Bonds, Uno Charter School Network, Refunding and Improvement Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.875%, 10/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,737,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,535</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.125%, 10/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,781,503</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">71</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2edbd43390624958b0c6cf6987afba57" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z8d2f56bb6cef450c878020928eff7b0e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,644,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009, 5.250%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,069,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Children&#8217;s Memorial Hospital, Series 2008A, 5.250%, 8/15/47 &#8211; AGC Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,078,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Columbia College Chicago, Series 2015A, 5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,773,199</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, DePaul University, Series 2011A, 5.750%, 10/01/27 (Pre-refunded 4/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,094,037</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Elmhurst Memorial Healthcare, Series 2008A, 5.625%, 1/01/37 (Pre-refunded 1/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,253,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Illinois Wesleyan University, Refunding Series 2016, 5.000%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">898,091</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013, 5.000%, 5/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,186,463</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A, 6.000%, 5/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,013,049</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A, 6.000%, 5/15/39 (Pre-refunded 5/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,313,327</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.750%, 8/15/34 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,745</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.750%, 8/15/34 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">568,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">474,831</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,036,098</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Resurrection Health Care Corporation, Refunding Series 2009, 6.125%, 5/15/25 (Pre-refunded 5/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">110,318</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Resurrection Health Care Corporation, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 5/15/25 (Pre-refunded 5/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">99,131</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 5/15/25 (Pre-refunded 5/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,099,936</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2009C, 6.625%, 11/01/39 (Pre-refunded 5/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,848,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A, 5.500%, 8/01/37 (Pre-refunded 8/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,303,317</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2008A, 6.000%, 8/15/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,201,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C, 5.000%, 8/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,109,031</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.875%, 8/15/38 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,910,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 8/15/44 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,265,580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc., Series 2005 Remarketed, 5.250%, 3/01/30 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">539,285</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21) (UB) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,891,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A, 5.000%, 10/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,443,574</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,395</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, University of Chicago, Tender Option Bond Trust 2015-XF0248, 8.526%, 7/01/46 (Pre-refunded 7/01/17) (IF) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,519,078</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2015A, 5.000%, 10/01/46 (UB) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,345,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">72</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z44616ba62b1949afac06bcb07948a446" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc., Refunding Series 2007A, 5.250%, 5/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,858,478</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc., University Center Project, Series 2006B, 5.000%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,803,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois State, General Obligation Bonds, February Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,638,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,019,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,149,832</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,009,898</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, June Series 2016, 5.000%, 6/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,975,863</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,592,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,403,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,135,004</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois State, General Obligation Bonds, Refunding Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,925</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,103,133</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,710,343</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">27,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,250,259</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,013,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A, 5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,060,943</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust 2015-XF0051, 15.366%, 1/01/38 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">795,945</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kane &amp; DeKalb Counties Community Unit School District 301, Illinois, General Obligation Bonds, Series 2006, 0.000%, 12/01/23 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,066,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lake, Cook, Kane and McHenry Counties Community Unit School District 220, Barrington, Illinois, General Obligation Bonds, Series 2002, 5.250%, 12/01/19 &#8211; AGM Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,778,124</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel Revenue Bonds, Series 2005A-1, 7.125%, 1/01/36 (9)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,066,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Mc Henry and Lake Counties Community Consolidated School District 26, Cary, Illinois, General Obligation Bonds, Series 2011B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 2/01/21 (Pre-refunded 2/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,319,628</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">85</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 2/01/21 (Pre-refunded 2/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">96,697</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">McHenry and Kane Counties Community Consolidated School District 158, Huntley, Illinois, General Obligation Bonds, Series 2003, 0.000%, 1/01/21 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,220,254</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">McHenry and Lake Counties Community Consolidated School District 26, Cary, Illinois, General Obligation Bonds, Series 2011A, 6.000%, 2/01/24 (Pre-refunded 2/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,051,691</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">McHenry and Lake Counties Community Consolidated School District 26, Cary, Illinois, General Obligation Bonds, Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">70</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 2/01/24 (Pre-refunded 2/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">79,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 2/01/25 (Pre-refunded 2/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,085,616</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">70</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 2/01/25 (Pre-refunded 2/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">79,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B, 5.000%, 6/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,487,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2015B, 5.000%, 6/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,373,378</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/52</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,139,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,230</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,223,924</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">73</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z85eb921864c64b9b814e552450967802" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2ecbd8c7fb7f4d9d8afa316aa8cdf0f6" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Refunding Bonds, Series 2010A, 5.500%, 6/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,268,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Capital Appreciation Refunding Series 2010B-1, 0.000%, 6/15/43 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,847,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1998A, 5.500%, 6/15/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,213,883</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1998A, 5.500%, 6/15/29 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">178,916</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 2002B, 5.550%, 6/15/21 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,757,351</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 2002B, 5.550%, 6/15/21 (Pre-refunded 6/15/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">782,466</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1993A, 0.000%, 6/15/21 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,037,374</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/24 &#8211; NPFG Insured (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,682,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/29 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,870,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/30 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,688,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/33 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,851,853</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,915</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/34 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,046,713</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/36 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,998,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">36,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/40 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,855,718</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 6/15/41 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,171,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,746</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2007, 4.700%, 3/01/30 &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,748,828</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana College, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 10/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">537,802</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 10/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">446,612</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">780</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 6/01/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">890,089</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 6/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,007,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 1990A, 7.200%, 11/01/20 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,876,119</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Southwestern Illinois Development Authority, Environmental Improvement Revenue Bonds, US Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,470,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,836,039</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,350</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation Bonds, Series 2006, 0.000%, 1/01/24 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,625,433</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">717,856</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Illinois</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">581,430,061</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Indiana &#8211; 5.2% (3.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Carmel Redevelopment Authority, Indiana, Lease Rent Revenue Bonds, Series 2005:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 2/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,658,144</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 2/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,200,058</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown Point Community School Corporation, Series 2000, 0.000%, 1/15/24 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,766,532</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University Project, Refunding Series 2012B, 5.000%, 2/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">744,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,040,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">74</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z265a9670b2fb438fb9fc92d77ec3827f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Indiana </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2010, 6.000%, 12/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">527,488</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,230</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,118,968</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Health System Revenue Bonds, Franciscan Alliance, Inc. Obligated Group, Series 2016A, 4.000%, 11/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,873,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Health System Revenue Bonds, Sisters of Saint Francis Health Services, Inc. Obligated Group, Series 2009, 5.250%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,803,492</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, Series 2012A, 5.000%, 5/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,956,261</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Hospital Revenue Bonds, Floyd Memorial Hospital and Health Services Project, Refunding Series 2010, 5.125%, 3/01/30 (Pre-refunded 3/02/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,663,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation Group, Refunding 2015A, 4.000%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,898,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Hospital Revenue Bonds, Major Hospital Project, Series 2014A, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,013,031</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing Project, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/44 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,727,494</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/48 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,429,409</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,370</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/01/51 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,788,592</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2009A, 5.250%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,274,322</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Indiana Finance Authority, Tax-Exempt Private Activity Revenue Bonds, I-69 Section 5 Project, Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 9/01/34 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">638,753</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 9/01/40 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,311,603</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/46 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,165,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2011B, 5.000%, 10/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,454,621</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Water Utility Revenue Bonds, Citizens Energy Group Project, First Lien Series 2014A, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,444,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E, 0.000%, 2/01/26 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,790,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Merrillville, Indiana, Economic Development Revenue Bonds, Belvedere Housing Project, Series 2016, 5.750%, 4/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">947,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Shoals, Indiana, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Series 2013, 7.250%, 11/01/43 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,431,838</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Valparaiso, Indiana, Exempt Facilities Revenue Bonds, Pratt Paper LLC Project, Series 2013, 7.000%, 1/01/44 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">994,157</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Vigo County Hospital Authority, Indiana, Revenue Bonds, Union Hospital, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 9/01/42 (Pre-refunded 9/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,541,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.800%, 9/01/47 (Pre-refunded 9/01/17)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,541,775</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">113,620</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Indiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">115,745,848</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Iowa &#8211; 1.6% (1.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,751,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,178,392</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,272,796</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 105.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,513,468</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">75</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf75c2afd467e4c28b17af9d71a3803d8" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z5d5cd9ff42f1489ea8b9df02b6526686" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Iowa </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, University of Dubuque Project, Refunding Series 2011, 6.000%, 10/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,776,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, Upper Iowa University Project, Series 2012, 5.000%, 9/01/43 (Pre-refunded 9/01/23)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,275,801</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Student Loan Liquidity Corporation, Student Loan Revenue Bonds, Refunding Series 2009-2, 5.500%, 12/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,132,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 6/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,425,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">524,995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.625%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,045,101</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,590</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,590,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">35,605</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Iowa</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">36,486,193</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kansas &#8211; 0.7% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Johnson and Miami Counties Unified School District 230, Kansas, General Obligation Bonds, Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/26 (Pre-refunded 9/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,287,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 9/01/27 (Pre-refunded 9/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,143,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2012A, 5.000%, 11/15/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,270,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas State Power Pool, Electric Utility Revenue Bonds, Dogwood Energy Facility, Series 2012A, 5.000%, 12/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,575,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Overland Park Development Corporation, Kansas, First Tier Revenue Bonds, Overland Park Convention Center, Series 2007A, 5.125%, 1/01/22 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,415,966</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak Park Mall Project, Series 2010, 5.900%, 4/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">525,912</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds, Vacation Village Project Area 1 and 2A, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,833,578</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,840</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 9/01/35</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,809,714</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">15,115</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Kansas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">15,862,180</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kentucky &#8211; 2.0% (1.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Christian County, Kentucky, Hospital Revenue Bonds, Jennie Stuart Medical Center, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 2/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,173,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 2/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">449,303</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2009A, 5.375%, 8/15/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,572,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010A, 6.000%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,105,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010B, 6.375%, 3/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,688,981</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Economic Development Finance Authority, Kentucky, Healthcare Facilities Revenue Bonds, Rosedale Green Project, Refunding Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 11/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">504,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 11/15/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,249,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc., Series 2008-A1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/33 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,041,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/38 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,040,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/42 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,144,121</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">76</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z731723d47d594420b4d431d8ab7f1a8d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kentucky </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,257,992</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,106,169</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/01/43 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,107,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/01/46 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,912,676</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 7/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,386,737</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/01/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">688,068</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,980,878</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc. Project, Improvement and Refunding Series 2011, 6.250%, 3/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,657,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">215</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2012A, 4.000%, 10/01/29</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">225,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">42,810</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Kentucky</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">45,292,780</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Louisiana &#8211; 1.5% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson Parish Hospital Service District 2, Louisiana, Hospital Revenue Bonds, East Jefferson General Hospital, Refunding Series 2011, 6.375%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,116,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Local Government Environmental Facilities &amp; Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,066,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.500%, 7/01/36 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,022,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Hospital Revenue Bonds, Franciscan Missionaries of Our Lady Health System, Refunding Series 2015A, 5.000%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,605,737</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2011, 6.750%, 5/15/41 (Pre-refunded 5/15/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,362,658</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Revenue Bonds, Southwest Louisiana Charter Academy Foundation Project, Series 2013A, 8.375%, 12/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,186,119</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A, 5.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,444,285</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Orleans Aviation Board, Louisiana, Revenue Bonds, North Terminal Project, Series 2015B, 5.000%, 1/01/45 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,510,907</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,807,654</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,145</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">St John Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation, Series 2007A, 5.125%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,150,384</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">31,430</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Louisiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">34,273,454</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Maine &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,965</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A, 5.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,045,036</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,172,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,139,387</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 2010A, 5.000%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,360,750</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,265</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Maine</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,717,813</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">77</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z9f2a531ceec547809b02d78e9cb3acff" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc0ca3460b5d249388e979dfffa06f01d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Maryland &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference Center, Series 2006A, 5.000%, 12/01/31 (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,192,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2016A, 5.500%, 1/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,003,543</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge Retirement Community, Series 2007, 4.750%, 7/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555,966</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,165,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">355</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Prince George&#8217;s County Revenue Authority, Maryland, Special Obligation Bonds, Suitland-Naylor Road Project, Series 2016, 5.000%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">344,996</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,055</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Maryland</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,261,825</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Massachusetts &#8211; 3.2% (2.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010B, 5.000%, 1/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,609,896</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D, 5.000%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">503,396</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015, 4.500%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,539,701</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Series 2007, 5.250%, 10/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,385,521</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2016J, 3.500%, 7/01/33 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,476,978</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners HealthCare System, Series 2010J-1, 5.000%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,605,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc., Series 2008E-1 &amp;2, 5.125%, 7/01/33 (Pre-refunded 7/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">650,541</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University, Refunding Series 2009A, 5.750%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,265,102</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University, Refunding Series 2009A, 5.750%, 7/01/39 (Pre-refunded 7/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,069,556</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project, Series 2011A, 5.125%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">432,616</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc., Series 2001A, 5.500%, 1/01/18 &#8211; AMBAC Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,012,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series 2013A, 5.000%, 5/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,133,374</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,175</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Senior Lien Parking Revenue Bonds, Series 2011, 5.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,982,690</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">69,375</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Massachusetts</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">69,667,176</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Michigan &#8211; 3.0% (1.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Detroit Academy of Arts and Sciences, Michigan, Public School Academy Revenue Bonds, Refunding Series 2013:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 10/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">977,744</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 10/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,211,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit City School District, Wayne County, Michigan, General Obligation Bonds, Series 2001A, 6.000%, 5/01/29 &#8211; AGM Insured (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,274,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,084,709</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit, Michigan, Second Lien Sewerage Disposal System Revenue Bonds, Series 2005A, 4.500%, 7/01/35 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">78</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zba55947afb0248b0ab0fba16b04d1f8f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Michigan </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B, 5.500%, 7/01/29 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,585,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 5.000%, 7/01/36 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,014</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A, 5.250%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,175,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Garden City Hospital Finance Authority, Michigan, Revenue Bonds, Garden City Hospital Obligated Group, Series 2007A, 5.000%, 8/15/38 (Pre-refunded 8/15/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,024,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Traverse County Hospital Financial Authority, Michigan, Revenue Bonds, Munson Healthcare, Series 2014A, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,168,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jackson County Hospital Finance Authority, Michigan, Hospital Revenue Bonds, W.A. Foote Memorial Hospital, Refunding Series 2006B-2, 5.000%, 6/01/27 (Pre-refunded 6/01/20) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,671,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Bonds, Bronson Methodist Hospital, Refunding Series 2010, 5.500%, 5/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,369,366</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Bonds, Bronson Methodist Hospital, Refunding Series 2010, 5.500%, 5/15/36 (Pre-refunded 5/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,278,648</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2011A, 5.500%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,075,579</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &amp; Sewerage Department Water Supply System Local Project, Series 2014D-6, 5.000%, 7/01/36 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,094,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011, 5.000%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,583,427</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011, 5.000%, 12/01/39 (Pre-refunded 12/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,186</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2009-I, 5.000%, 10/15/23 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,719,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-I-A, 5.375%, 10/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,523,533</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Refunding Series 2009, 5.750%, 11/15/39 (Pre-refunded 11/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,590,558</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,525</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series 2008A, 6.875%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,592,024</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2012A, 5.000%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,135,380</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">57,635</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Michigan</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">65,168,753</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Minnesota &#8211; 1.2% (0.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">City of Ham Lake, Minnesota, Charter School Lease Revenue Bonds, DaVinci Academy Project, Series 2016A, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">667,485</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dakota County Community Development Agency, Minnesota, GNMA Collateralized Multifamily Housing Revenue Bonds, Rose Apartments Project, Series 2001, 6.350%, 10/20/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,983,465</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Duluth Housing &amp; Redevelopment Authority, Minnesota, Lease Revenue Bonds, Duluth Public Schools Academy, Series 2010A, 5.875%, 11/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/18 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,031,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2014A, 5.750%, 8/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,609,395</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Hiawatha Academies Project, Series 2016A, 5.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">783,377</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,230</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2008B, 6.500%, 11/15/38 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,542,174</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">79</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2e13906d28f649f497836c50041fdf75" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd6d2b269632b4057b05677159c296e3f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Minnesota </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2008B, 6.500%, 11/15/38 (Pre-refunded 11/15/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">835,227</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Saint Paul Housing &amp; Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hmong College Prep Academy Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">760,283</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 9/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,084,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds, HealthPartners Obligated Group, Refunding Series 2015A, 5.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,941,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Paul Port Authority, Minnesota, Lease Revenue Bonds, Regions Hospital Parking Ramp Project, Series 2007-1, 5.000%, 8/01/36</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,251,445</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,240</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Minnesota</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">26,490,761</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Mississippi &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">622,592</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mississippi State, General Obligation Bonds, Refunding Series 2002A, 5.500%, 12/01/18</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,587,873</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Warren County, Mississippi, Gulf Opportunity Zone Revenue Bonds, International Paper Company Project, Series 2008A, 6.500%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,058,240</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,835</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Mississippi</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,268,705</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Missouri &#8211; 2.2% (1.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,545,824</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeast Missouri Hospital Association, Series 2007, 5.000%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,456,695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2016A, 6.000%, 3/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,293,432</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clinton County Industrial Development Authority, Missouri, Revenue Bonds, Cameron Regional Medical Center, Series 2007, 5.000%, 12/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,002,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri, Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,077,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway Center Community Improvement District, Senior Refunding &amp; Improvement Series 2016, 5.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">120,524</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series 2004B-1, 0.000%, 4/15/29 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,980,564</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Liberty Public School District 53, Clay County, Missouri, Lease Participation Certificates, School Boards Association, Series 2014, 5.000%, 4/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,109,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Liberty, Missouri, Special Obligation Tax Increment and Special Districts Bonds, Liberty Commons Project, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,547,473</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,728,504</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,622,541</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Kansas City University of Medicine and Biosciences, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,754,788</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,949,777</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.250%, 5/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">722,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">561,116</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">50</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">54,293</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,510,457</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">80</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z7b81203d1c2d4cd1b8a6a7b4cc3e84d7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Missouri </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2014F, 5.000%, 11/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,212,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Missouri Health and Educational Facilities Authority, Revenue Bonds, Washington University, Series 2011B, 5.000%, 11/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,803,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Ranken-Jordan Project, Refunding &amp; Improvement Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255,467</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,063,728</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">480,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Saint Andrew&#8217;s Resources for Seniors, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">449,438</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">129,606</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">980</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Stoddard County Industrial Development Authority, Missouri, Health Facility Revenue Bonds, Southeasthealth, Series 2016B, 6.000%, 3/01/37</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,013,859</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">51,650</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Missouri</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">49,446,861</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Nebraska &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">625,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/15/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,167,564</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 5/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,207,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">709,709</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,298,993</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/42</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">533,390</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,770</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Nebraska</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,542,776</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Nevada &#8211; 4.1% (2.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">29,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,251,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Series 2010A, 5.250%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,495,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Henderson, Nevada, Healthcare Facility Revenue Refunding Bonds, Catholic Healthcare West, Series 2007B , 5.250%, 7/01/31 (Pre-refunded 7/01/17) &#8211; BHAC Insured (UB) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,171,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A, 8.000%, 6/15/30 (Pre-refunded 6/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,944,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,107,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015, 5.000%, 6/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,510,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Las Vegas, Nevada, General Obligation Bonds, Series 2006, 5.000%, 5/01/36 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,001,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reno, Nevada, Health Facility Revenue Bonds, Catholic Healthcare West, Series 2007A, 5.250%, 7/01/31 (Pre-refunded 7/01/17) &#8211; BHAC Insured (UB) (7)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,054,530</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">85,700</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Nevada</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">91,537,110</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Hampshire &#8211; 0.1% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated Group Issue, Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,678,890</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">81</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1b7d3ea3daca4d33a57699347a0715da" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd888d900fec443fe9535d1bcbb19804d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Jersey &#8211; 4.3% (2.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">668,407</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013, 5.125%, 7/01/42 &#8211; AGM Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,204,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Series 2004A, 5.250%, 7/01/33 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,178,573</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2011GG, 5.000%, 9/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,167,334</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2016BBB, 5.500%, 6/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,812,885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Series 2016AAA:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,007,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,029,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident Group-Montclair Properties LLC, Montclair State University Student Housing Project, Series 2010A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">904,864</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,235,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Series 2013D, 5.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Refunding Series 2011, 6.000%, 7/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">640,452</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">438,263</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital Appreciation Series 2010A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,792,144</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,424,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,305,715</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">610</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">237,809</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">679,421</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2008A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,035,116</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 12/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,939,504</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009A, 0.000%, 12/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,003,884</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009C, 5.250%, 6/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,226,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA, 5.000%, 6/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,321,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,870</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2007-1A, 5.000%, 6/01/41</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,667,426</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">132,455</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New Jersey</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">94,172,502</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Mexico &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, La Vida LLena Project, Series 2010A, 6.125%, 7/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,568,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,180</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Winrock Town Center Tax Increment Development District, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Senior Lien Series 2015, 5.750%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,283,664</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,680</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New Mexico</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,851,764</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">82</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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<table id="zdf69db025389463f9cc971a0952b072f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New York &#8211; 14.1% (9.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter Schools, Series 2007A, 5.000%, 4/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,525,516</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,027,752</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 7/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,261,627</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 7/15/30 (Pre-refunded 1/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,634,897</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 7/15/40 (Pre-refunded 1/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,480,338</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Catholic Health System, Inc. Project, Series 2015, 5.250%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">496,791</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Build New York City Resource Corporation, New York, Revenue Bonds, Metropolitan College of New York, Series 2014, 5.000%, 11/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">189,898</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2015A, 5.000%, 7/01/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,481,738</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, Vaughn College of Aeronautics &amp; Technology, Series 2016A, 5.500%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,316,421</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2011C, 5.000%, 3/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,165,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">69,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, 1st Subordinate Series 2005B, 0.000%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 17.705</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,268,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">81,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Series 2005C, 0.000%, 6/01/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 12.686</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,493,094</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 2/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,388,897</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 2/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,842,774</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%, 2/15/47 (Pre-refunded 6/30/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,078,099</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A, 5.000%, 9/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,332,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/01/36 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,330,692</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A, 5.000%, 9/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,594,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B, 5.000%, 11/15/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,168,836</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2011A, 5.000%, 11/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">841,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013A, 5.000%, 11/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,770,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006, 5.000%, 1/01/46 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 12.686</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,325,349</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,935,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2015 Series AA, 4.000%, 6/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,855,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,350,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City, New York, General Obligation Bonds, Fiscal Series 2002G, 5.625%, 8/01/20 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,039</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">83</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z5763ddb3716246ac833e8fa83a924e30" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z41e91469f65e46eda407a957e21dbe79" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New York </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">67,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">71,634,915</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade Center Project, Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,062,965</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 11/15/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,279,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York State Power Authority, General Revenue Bonds, Series 2011A, 5.000%, 11/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,368,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, Series 2016A, 5.000%, 1/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,509,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/26 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,683,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/31 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,071,908</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/41 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,515,924</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/46 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">23,446,186</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/01/50 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,249,118</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundredth Series 2017, 5.250%, 10/15/57 (WI/DD, Settling 5/09/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,528,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eighth Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 12/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,166,892</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,866,022</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">795</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">893,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Series 2015A, 5.000%, 11/15/50</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,818,875</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">436,255</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New York</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">311,261,488</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Carolina &#8211; 0.5% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Charlotte-Mecklenberg Hospital Authority, North Carolina, Carolinas HealthCare System Revenue Bonds, Tender Option Bond Trust 2016-XG0005, 13.476%, 1/15/47 (Pre-refunded 1/15/18) (IF) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,861,694</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Series 2009A, 5.000%, 6/01/42 (Pre-refunded 6/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,787,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed, Refunding Series 2012A, 5.000%, 10/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,671,778</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,900</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A, 5.750%, 1/01/39 (Pre-refunded 1/01/19) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,049,169</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,410</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total North Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,370,271</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Dakota &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Series 2014A, 5.000%, 7/01/35 (Pre-refunded 7/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,144,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 11/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,766,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 11/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,580,017</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,265,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,016,338</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,350</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series 2006, 5.125%, 7/01/25</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,356,486</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,915</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total North Dakota</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">13,129,761</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">84</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zce246d72ec724ebfa8d1c8efc1491f80" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Ohio &#8211; 8.6% (5.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and Improvement Series 2012A, 5.000%, 5/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">861,928</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">American Municipal Power Ohio Inc., Prairie State Energy Campus Project Revenue Bonds, Series 2008A, 5.250%, 2/15/43 (Pre-refunded 2/15/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,733,893</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">American Municipal Power Ohio Inc., Prairie State Energy Campus Project Revenue Bonds, Series 2008A, 5.250%, 2/15/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">612,499</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 6/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">659,532</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">481,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,839,162</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">22,045,143</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,151,601</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,713,037</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">24,173,053</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,580,537</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.250%, 11/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,209,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.750%, 11/01/40 (Pre-refunded 11/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,451,170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement Services, Improvement Series 2010A, 5.625%, 7/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,274,566</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A, 5.000%, 11/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,289,578</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,322,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008C, 3.950%, 11/01/32 (Mandatory put 5/01/20) (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Ohio Valley Electric Corporation Project, Series 2009E, 5.625%, 10/01/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,143,198</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Air Quality Development Authority, Revenue Refunding Bonds, AK Steel Holding Corporation, Series 2012A, 6.750%, 6/01/24 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,418</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.250%, 2/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,281,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Ohio, Environmental Improvement Bonds, United States Steel Corporation Project, Refunding Series 2011, 6.600%, 5/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">320,173</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008C, 3.950%, 11/01/32 (Mandatory put 5/01/20) (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,320,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2009A, 4.375%, 6/01/33 (Mandatory put 6/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,443,402</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010B, 4.375%, 6/01/33 (Mandatory put 6/01/22)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,330,225</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">192,375</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Ohio</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">189,687,930</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Oklahoma &#8211; 1.3% (0.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,288,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand River Dam Authority, Oklahoma, Revenue Bonds, Series 2010A, 5.250%, 6/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,853,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oklahoma Development Finance Authority, Health System Revenue Bonds, Integris Baptist Medical Center, Series 2008B, 5.250%, 8/15/38 (Pre-refunded 8/15/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,768,298</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">85</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd21ddef5ef0d437fa0898f9b823aa7f0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zd4a380716c69446f9cae68f5bfd97554" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Oklahoma </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,393,951</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 2/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,306,035</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,055</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2013A, 5.375%, 6/01/33 &#8211; BAM Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,327,267</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">26,915</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Oklahoma</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">27,937,101</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Oregon &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding Series 2014A, 5.000%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,335,354</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">790</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oregon Facilities Authority, Revenue Bonds, Willamette University, Series 2007A, 5.000%, 10/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">801,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,210</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Oregon Facilities Authority, Revenue Bonds, Willamette University, Series 2007A, 5.000%, 10/01/36 (Pre-refunded 10/01/17)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,249,139</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,270</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Oregon</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,385,498</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania &#8211; 4.5% (2.9% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 11/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">125,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">95</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.875%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">96,948</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">345,697</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2009A, 5.625%, 8/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,400,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35 (Mandatory put 7/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,927,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">32,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (Mandatory put 6/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,425,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cumberland County Municipal Authority Revenue Bonds, Pennsylvania, Diakon Lutheran Social Ministries Project, Series 2009, 6.125%, 1/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">107,741</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cumberland County Municipal Authority Revenue Bonds, Pennsylvania, Diakon Lutheran Social Ministries Project, Series 2009, 6.125%, 1/01/29 (Pre-refunded 1/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">976,257</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015, 5.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,189,491</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2008:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/43 (Pre-refunded 12/01/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">643,623</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/43 (Pre-refunded 12/01/18) &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,361,734</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2008, 5.000%, 12/01/43 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,011,821</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,614,077</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,535</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,746,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,206</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Series 2013A0 &amp; AE2, 5.000%, 12/01/23, PIK, (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">879,202</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Taxable Series 2013B, 5.000%, 12/31/23, PIK, (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">85,786</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,408,199</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">86</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z59e8a9ab49684af69b8e8649b4a2604c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,977,363</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015, 5.000%, 12/31/38 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,183,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Edinboro University Foundation Student Housing Project, Series 2010, 6.000%, 7/01/43 (Pre-refunded 7/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">687,828</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006A, 4.650%, 10/01/31 (Pre-refunded 6/20/17) (Alternative Minimum Tax) (UB) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,501,215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue Bonds, Series 2010A, 5.500%, 12/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,601,589</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue Bonds, Series 2010A, 5.500%, 12/01/34 (Pre-refunded 12/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">362,212</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue, Series 2011B, 5.000%, 12/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,635,547</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,203,473</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,170</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2016A-1, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,427,182</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40 (Pre-refunded 5/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,773,162</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.000%, 8/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,181,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%, 8/01/41 (Pre-refunded 8/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,665,668</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">The Redevelopment Authority of the City of Scranton, Lackawanna county, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">727,137</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 11/15/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,289,299</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,670</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Union County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Evangelical Community Hospital Project, Refunding &amp; Improvement Series 2011, 5.250%, 8/01/19</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,765,557</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">115,866</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Pennsylvania</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">100,326,628</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Puerto Rico &#8211; 0.4% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">215</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%, 7/01/29 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">234,971</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 8/01/54 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,710,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,975</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Puerto Rico, General Obligation Bonds, Public Improvement Series 2002A, 5.500%, 7/01/20 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">D</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,273,642</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">34,190</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Puerto Rico</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,219,013</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Rhode Island &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 0.000%, 6/01/52</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 12.63</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,513,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>South Carolina &#8211; 2.4% (1.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Refunding Series 1991, 6.250%, 1/01/21 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,835,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/23 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065,816</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">21,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/30 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,731,462</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 1/01/31 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,420,178</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">87</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z75b60b6418854364b309d0a93b6bb8eb" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf8d205dd9abe4b0f969b05026cb8785b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>South Carolina </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding &amp; Improvement Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/50</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,307,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/55</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,306,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014C, 5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,374,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,155</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A, 5.500%, 12/01/54</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,987,281</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">59,435</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total South Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">52,028,712</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>South Dakota &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,455</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2014B, 5.000%, 11/01/44</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,813,449</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Tennessee &#8211; 0.6% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,324,454</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,395</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chattanooga-Hamilton County Hospital Authority, Tennessee, Hospital Revenue Bonds, Erlanger Health System, Refunding Series 2014A, 5.000%, 10/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,514,511</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Refunding and Improvement Bonds, Meharry Medical College, Series 1996, 6.000%, 12/01/19 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,052,440</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,285</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Tennessee</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,891,405</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas &#8211; 15.8% (10.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Wayside Schools, Series 2016A, 4.375%, 8/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">462,479</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">175,344</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">136,577</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">792,391</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Aubrey, Denton County, Texas, Special Assessment Revenue Bonds, Jackson Ridge Public Improvement District Phase 1 Project, Series 2015, 7.250%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">955,247</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Aubrey, Denton County, Texas, Special Assessment Revenue Bonds, Jackson Ridge Public Improvement District Phases 2-3 Major Improvements Project, Series 2015, 8.250%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">854,488</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Board of Managers, Joint Guadalupe County-Seguin City Hospital, Texas, Hospital Mortgage Revenue Bonds, Refunding &amp; Improvement Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,135</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,296,327</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,417,121</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brazos River Authority, Texas, Revenue Refunding Bonds, Houston Lighting and Power Company, Series 1998, 5.050%, 11/01/18 &#8211; AMBAC Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,241,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, The Roman Catholic Diocese of Austin, Series 2005B. Remarketed, 6.125%, 4/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,212,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celina, Texas, Special Assessment Revenue Bonds, Sutton Fields II Public Improvement District Neighborhood Improvement Area 1 Project, Series 2015, 7.250%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celina, Texas, Special Assessment Revenue Bonds, Sutton Fields II Public Improvement District Neighborhood Improvement Areas 2-5 Major Improvement Project, Series 2015, 8.250%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,870,014</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/01/41 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,789,988</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 1/01/46 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,172,716</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,213,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,997,650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">88</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z81b6459d86854f5dbfb048696f50be9a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Club Municipal Management District 1, Texas, Special Assessment Revenue Bonds, Improvement Area 1 Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 9/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">523,974</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 9/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">490,682</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado River Municipal Water District, Texas, Water System Revenue Bonds, Series 2011, 5.000%, 1/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,955,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series 2013C, 5.000%, 11/01/38 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,312,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding and Improvement Bonds, Series 2012C, 5.000%, 11/01/45 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,873,546</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc. Project, Series 2012A. RMKT, 4.750%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,022,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series 2013A, 5.125%, 10/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,551,571</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2013B, 5.250%, 10/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,584,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender Option Bond Trust 2015-XF0228, 15.548%, 4/01/53 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,737,668</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1998, 8.000%, 4/01/28 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,016,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston Methodist Hospital System, Series 2015:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,803,918</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,918,498</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation Refunding Senior Lien Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/41 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 62.66</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">98,884</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/42 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 59.73</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">188,287</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/43 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 56.93</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">303,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/44 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 54.25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">577,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/45 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 51.48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">711,074</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 11/15/53 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 33.96</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">744,625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H, 0.000%, 11/15/37 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 69.08</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">711,782</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/35 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 52.47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,735,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harris County-Houston Sports Authority, Texas, Special Revenue Bonds, Refunding Senior Lien Series 2001A, 0.000%, 11/15/40 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/30 at 54.04</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,438,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012A, 5.000%, 7/01/32 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,179,514</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250,804</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2011D, 5.000%, 11/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,215,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2011B, 5.250%, 9/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">707,327</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/28 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">18,686,112</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/30 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,010,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/31 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,306,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Water and Sewerage System Revenue Bonds, Refunding Junior Lien Series 2001B, 5.500%, 12/01/29 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,907,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">89</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zdaae3a12a409499a887ae48eaa9d8f56" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zbecf807c1adf4c0aa34f51247ef2f50c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Houston, Texas, Water and Sewerage System Revenue Bonds, Refunding Junior Lien Series 2002A, 5.750%, 12/01/32 &#8211; AGM Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,348,650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson Memorial Hospital Project, Series 2015, 5.000%, 8/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">774,583</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">535</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation Bonds, Series 2008, 0.000%, 8/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 27.35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">145,574</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation Bonds, Series 2008, 0.000%, 8/15/39 (Pre-refunded 8/15/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 27.35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,537,634</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding &amp; Improvement Series 2010, 5.000%, 5/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,687,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2015, 5.000%, 5/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,069,770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Martin County Hospital District, Texas, Combination Limited Tax and Revenue Bonds, Series 2011A, 7.250%, 4/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,901,305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, Houston Light and Power Company, Series 1997, 5.125%, 11/01/28 &#8211; AMBAC Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,973,686</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Series 2016B, 5.750%, 10/01/31 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/18 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,050,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mission Economic Development Corporation, Texas, Water Supply Revenue Bonds, Enviro Water Minerals Project, Green Bonds, Series 2015, 7.750%, 1/01/45 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,006,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Corpus Christi II, L.L.C.-Texas A&amp;M University-Corpus Christi Project, Series 2016A, 5.000%, 4/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">158,316</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation &#8211; San Antonio 1, L.L.C. &#8211; Texas A&amp;M University &#8211; San Antonio Project, Series 2016A, 5.000%, 4/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">595,035</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/43 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,567,565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 9/01/45 (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,317,904</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, First Tier Series 2009A, 6.250%, 1/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">220,404</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, First Tier Series 2009A, 6.250%, 1/01/39 (Pre-refunded 1/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">972,686</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation Series 2008I:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.200%, 1/01/42 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,136,033</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 1/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,592,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008A, 5.750%, 1/01/40 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">143,977</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">545</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 1/01/40 (Pre-refunded 1/01/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">562,854</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 1/01/40 (Pre-refunded 1/01/18) &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">428,595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D, 0.000%, 1/01/28 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,032,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,175,253</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,406,796</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2008F, 5.750%, 1/01/38 (Pre-refunded 1/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,675,184</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">90</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zbcdcd5f80b504ceeb8fc5e1a7ff32690" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,890,053</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,484,307</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,122,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,345</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,614,933</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series 2014A, 5.000%, 2/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,621,669</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Southwest Higher Education Authority Inc., Texas, Revenue Bonds, Southern Methodist University, Series 2010, 5.000%, 10/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,852,555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott &amp; White Healthcare Project, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/15/45 (Pre-refunded 8/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">483,718</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 8/15/45 (Pre-refunded 8/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,157,446</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior Lien Series 2008D, 6.250%, 12/15/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,394,751</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,750,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,293,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,417,547</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">467,838</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009, 6.875%, 12/31/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,825,837</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 6/30/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,277,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 6/30/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">567,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, NTE</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,284,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mobility Partners Segments 3 Segments 3A &amp; 3B Facility, Series 2013, 7.000%, 12/31/38 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Public Finance Authority, Charter School Finance Corporation Revenue Bonds, Idea Public School Project, Series 2007A, 5.000%, 8/15/37 (Pre-refunded 8/15/17) &#8211; ACA Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,012,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2012A, 5.000%, 8/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,851,034</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier Refunding Series 2015C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,459,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,055,919</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,011,224</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/15/21 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">939,808</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">0.000%, 8/15/25 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,826,432</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A, 0.000%, 8/15/21 &#8211; AMBAC Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">280,956</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,100</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Travis County Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Daughters of Charity National Health System, Series 1993B, 6.000%, 11/15/22 (ETM)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,467,952</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">388,565</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Texas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">348,108,031</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Utah &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Riverton, Utah, Hospital Revenue Bonds, IHC Health Services, Inc., Series 2009, 5.000%, 8/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,193,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah State Charter School Finance Authority, Charter School Revenue Bonds, North Davis Preparatory Academy, Series 2010, 6.375%, 7/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">862,942</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">91</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za06af004035d4a8a8b86868269afe3d9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zbe4fa3df77804544af78c5ec406fc2c2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Utah </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,555</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah State Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School, Series 2010A, 6.375%, 7/15/40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,623,467</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,365</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Utah</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,679,729</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Virginia &#8211; 1.3% (0.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Embrey Mill Community Development Authority, Virginia, Special Assessment Revenue Bonds, Series 2015, 5.600%, 3/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">543,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health System Obligated Group, Series 2013, 5.000%, 11/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,007,972</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail &amp; Capital Improvement Project, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,556,991</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Series 2007B1, 5.000%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,761,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds, Series 2007B2, 5.200%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,787,108</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2012, 5.000%, 1/01/40 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,891,486</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/01/32 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,040,267</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/01/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,040,672</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,810</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/01/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,167,835</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">26,570</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Virginia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">27,797,371</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Washington &#8211; 2.3% (1.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle Excise Tax Bonds, Series 1999, 4.750%, 2/01/28 &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,337,188</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Series 2015A, 5.000%, 7/01/38 (UB) (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,849,960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">King County, Washington, Sewer Revenue Bonds, Series 2009, 5.250%, 1/01/42 (Pre-refunded 1/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,677,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Catholic Health, Series 2011A, 5.000%, 2/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,362,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Central Washington Health Services Association, Refunding Series 2015, 4.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,992,645</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2011A, 5.625%, 1/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,810,425</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center, Series 2010, 5.500%, 12/01/39 (Pre-refunded 12/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,371,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children&#8217;s Hospital, Series 2012A, 5.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,412,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2009A, 6.000%, 1/01/33 (Pre-refunded 7/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,409,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and Medical Center of Seattle, Series 2007, 5.700%, 12/01/32 (Pre-refunded 12/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,056,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2007B, 5.750%, 8/15/37 &#8211; ACA Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,612,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,410</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2003F, 0.000%, 12/01/24 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,198,021</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">47,145</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Washington</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">50,090,979</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">92</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z3d1bf6efb1c548f6a44d74ead9793713" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>West Virginia &#8211; 0.5% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company Amos Project, Series 2010, 5.375%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,230,221</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Series 2009A, 5.625%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,075,756</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,160</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding &amp; Improvement Series 2013A, 5.500%, 6/01/44</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,778,632</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,060</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total West Virginia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,084,609</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Wisconsin &#8211; 1.7% (1.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Monroe Redevelopment Authority, Wisconsin, Development Revenue Bonds, The Monroe Clinic, Inc., Series 2009, 5.875%, 2/15/39 (Pre-refunded 2/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">885,424</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Envision Science Academy Project, Series 2016A, 5.125%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">947,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Public Finance Authority of Wisconsin, Charter School Revenue Bonds, North Carolina Charter Educational Foundation Project, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,071,205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,785</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,465,432</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,055</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Refunding Series 2014, 5.250%, 4/01/30 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,120,463</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Refunding Series 2016, 4.000%, 8/01/35 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,145,784</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016C, 4.300%, 11/01/30 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,009,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Southeast Wisconsin Professional Baseball Park District, Sales Tax Revenue Refunding Bonds, Series 1998A, 5.500%, 12/15/19 &#8211; NPFG Insured (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,336,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health System, Inc., Series 2010B, 5.000%, 4/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,475,614</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Franciscan Sisters of Christian Charity HealthCare Ministry, Series 2007, 5.000%, 9/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,006,510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B, 5.000%, 2/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,346,388</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc., Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,276,515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,654,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, ProHealth Care, Inc. Obligated Group, Refunding Series 2015, 5.000%, 8/15/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,394,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Rogers Memorial Hospital, Inc., Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,599,841</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,310</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,455,187</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Rogers Memorial Hospital, Inc., Series 2014B, 5.000%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,170,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,120</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Project. Series 2014, 5.250%, 10/01/39</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,128,848</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">36,330</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Wisconsin</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">37,488,771</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,856,517</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Municipal Bonds (cost $3,188,661,033)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,410,101,349</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">93</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="ze7bf209f74c240f7863d9447f70f6951" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NZF</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal Credit Income Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z929dc6fbb1be4245a2d34f316d716768" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 40%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Coupon</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Maturity</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>CORPORATE BONDS &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Transportation &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">596</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Monorail Company, Senior Interest Bonds (10), (11)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5.500%</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/15/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">369,828</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">160</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Monorail Company, Senior Interest Bonds (10), (11)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5.500%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/15/55</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">80,209</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">756</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Corporate Bonds (cost $63,519)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">450,037</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z81cec9227b0a4a3aa9a03a671e026f12" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>Shares</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 69%; TEXT-INDENT: -8.65pt"><b>Description (1), (12)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>INVESTMENT COMPANIES &#8211; 0.2% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">26,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dreyfus Strategic Municipal Fund</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">234,662</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,266</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">BlackRock MuniHoldings Fund Inc.</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">104,329</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">131,278</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Deutsche Municipal Income Trust</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,744,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">43,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Invesco VK Investment Grade Municipal Trust</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">564,422</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Invesco VK Municipal Opportunity Trust</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">390,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">43,420</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">PIMCO Municipal Income Fund II</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">557,513</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Investment Companies (cost $3,325,133)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,596,211</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Total Long-Term Investments (cost $3,192,049,685)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>3,414,147,597</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc41d16e77506431893cb7e077edf1fa0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>SHORT-TERM INVESTMENTS &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>MUNICIPAL BONDS &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,343,208</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Series 2011C-1, 0.960%, 3/01/32 (Mandatory Put 3/01/16) (13)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,350</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Short-Term Investments (cost $2,350,000)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,343,208</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Total Investments (cost $3,194,399,685) &#8211; 154.8%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>3,416,490,805</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Floating Rate Obligations &#8211; (2.8)%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(62,680,000</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Institutional MuniFund Term Preferred Shares, net of deferred offering costs &#8211; (6.8)% (14)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(149,870,009</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs &#8211; (15.2)% (15)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(335,963,835</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Variable Rate Demand Preferred Shares, net of deferred offering costs &#8211; (32.7)% (16)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(721,719,368</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Other Assets Less Liabilities &#8211; 2.7%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>60,283,501</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Net Assets Applicable to Common Shares &#8211; 100%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>$</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>2,206,541,094</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">94</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

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</div>
</div>

<div><br>
</div>

<table id="zc366aa1458f246819bf2078b5023f417" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 10%">(1)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 90%">All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(2)</td>
<td style="FONT-SIZE: 10pt">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.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(3)</td>
<td style="FONT-SIZE: 10pt">The ratings disclosed are the lowest of Standard &amp; Poor&#8217;s Group (&#8220;Standard &amp; Poor&#8217;s&#8221;), Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;) or Fitch, Inc. (&#8220;Fitch&#8221;) rating. Ratings below BBB by Standard &amp; Poor&#8217;s, Baa by Moody&#8217;s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(4)</td>
<td style="FONT-SIZE: 10pt">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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(5)</td>
<td style="FONT-SIZE: 10pt">The coupon for this security increased 0.25% effective January 1, 2016 and increased an additional 0.25% effective May 11, 2016.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(6)</td>
<td style="FONT-SIZE: 10pt">Step-up coupon. The rate shown is the coupon as of the end of the reporting period.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(7)</td>
<td style="FONT-SIZE: 10pt">Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(8)</td>
<td style="FONT-SIZE: 10pt">As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund&#8217;s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund&#8217;s records.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(9)</td>
<td style="FONT-SIZE: 10pt">On January 7, 2015, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 7.125% to 5.700% and again on November 11, 2015, further reduced the security&#8217;s interest rate of accrual from 5.700% to 4.275%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(10)</td>
<td style="FONT-SIZE: 10pt">Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment categorized as Level 3. See Notes to Financial Statements, Note 2 &#8211; Investment Valuation and Fair Value Measurements for more information.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(11)</td>
<td style="FONT-SIZE: 10pt">During January 2010, Las Vegas Monorail Company (&#8220;Las Vegas Monorail&#8221;) filed for federal bankruptcy protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on July 15, 2055. The Fund was not accruing income for either senior interest corporate bond. On January 18, 2017, the Fund&#8217;s Adviser determined it was likely that this senior interest corporate bond would fulfill its obligation on the security maturing on July 15, 2019, and therefore began accruing income on the Fund&#8217;s records.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(12)</td>
<td style="FONT-SIZE: 10pt">A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(13)</td>
<td style="FONT-SIZE: 10pt">Investment has a maturity of greater than one year, but has variable rate and demand features which qualify it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(14)</td>
<td style="FONT-SIZE: 10pt">Institutional MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments are 4.4%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(15)</td>
<td style="FONT-SIZE: 10pt">Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 9.8%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(16)</td>
<td style="FONT-SIZE: 10pt">Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 21.1%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(ETM)</td>
<td style="FONT-SIZE: 10pt">Escrowed to maturity.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(IF)</td>
<td style="FONT-SIZE: 10pt">Inverse floating rate investment.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(UB)</td>
<td style="FONT-SIZE: 10pt">Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 &#8211; Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(WI/DD)</td>
<td style="FONT-SIZE: 10pt">Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">PIK</td>
<td style="FONT-SIZE: 10pt">All or a portion of this security is payment-in-kind.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">144A</td>
<td style="FONT-SIZE: 10pt">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.</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">95</div>
</td>
</tr>
</table>

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</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zdf0c14a8d9a84e46ac9f38016e9e8ded" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 18pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 18pt; TEXT-ALIGN: left"><b>Portfolio of Investments</b></td>
<td style="FONT-SIZE: 10pt"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="ze4e782d973bb41aeb8aa28f68e23381c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>LONG-TERM INVESTMENTS &#8211; 125.5% (99.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>MUNICIPAL BONDS &#8211; 122.9% (97.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Alabama &#8211; 0.7% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Adamsville Solid Waste Disposal Authority, Alabama, Solid Waste Disposal Revenue Bonds, Green Mountain Management LLC Project, Series 2010, 8.750%, 8/01/30 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">799,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alabama Industrial Development Authority, Solid Waste Disposal Revenue Bonds, Pine City Fiber Co. Project, Series 1993, 6.450%, 12/01/23 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alabama Private Colleges and University Facilities Authority, Limited Obligation Bonds, University of Mobile Project, Series 2015A, 6.000%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,014,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson County, Alabama, Sewer Revenue Warrants, Senior Lien Series 2013C, 0.000%, 10/01/38 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 105.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">950</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Selma Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, Zilkha Biomass Selma LLC Project, Series 2015, 7.500%, 5/01/25 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">665,988</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,950</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Alabama</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,280,488</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arizona &#8211; 4.0% (3.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Tender Option Bond Trust 2016-XF0393, 16.905%, 1/01/32 (Pre-refunded 1/01/18) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,974,421</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Tender Option Bond Trust 2015-XF2046, 15.604%, 1/01/35 (Pre-refunded 1/01/18) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,579,012</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Series 2007, 6.200%, 7/15/32 (Pre-refunded 7/15/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,011,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">213</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, Special Assessment Lien Bonds, Series 2001A, 7.875%, 7/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">213,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Rowan University Project, Tender Option Bond Trust 2016-XF2337, 14.879%, 6/01/42 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,907,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Phoenix Industrial Development Authority, Arizona, Multifamily Housing Revenue Bonds, Deer Valley Veterans Assisted Living Project, Series 2016A, 5.125%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">418,066</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Charter School Revenue Bonds, Desert Heights Charter School, Series 2014, 7.250%, 5/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,089,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2014A, 6.875%, 7/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">96,513</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2016:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">245</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">215,583</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 7/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">343,756</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/01/51</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">407,222</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2014A , 9.000%, 2/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,315,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds Legacy Traditional School Project, Series 2009, 8.500%, 7/01/39 (Pre-refunded 7/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">541,966</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, American Charter School Foundation, Series 2007A, 5.625%, 7/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,268,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Carden Traditional Schools Project, Series 2012, 7.500%, 1/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,274,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Education Center Project, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/01/40 (Pre-refunded 6/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+ (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,446,513</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.100%, 6/01/45 (Pre-refunded 6/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+ (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">551,035</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">96</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z25df204bc03141bcbb14c4db7eb57861" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Arizona </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pinal County Industrial Development Authority, Arizona, Correctional Facilities Contract Revenue Bonds, Florence West Prison LLC, Series 2002A, 5.250%, 10/01/22 &#8211; ACA Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,151,449</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,575</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series 2008, 7.000%, 12/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,316,456</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Tribal Economic Development Bonds, Series 2012A, 9.750%, 5/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,979,433</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc. Prepay Contract Obligations, Series 2007, 5.500%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,766,125</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water &amp; Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">941,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">29,153</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Arizona</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">30,809,190</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California &#8211; 16.8% (13.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Tender Option Bond Trust 2015-XF2179, 15.238%, 4/01/34 (Pre-refunded 4/01/18) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,696,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Enterprise Development Authority, Recovery Zone Facility Revenue Bonds, SunPower Corporation &#8211; Headquarters Project, Series 2010, 8.500%, 4/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,096,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,205</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2005, 5.125%, 6/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,186,368</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016B, 5.000%, 11/15/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,191,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital and Clinics, Tender Option Bond Trust 2016-XF2353:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">17.748%, 11/15/40 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,985,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">16.742%, 11/15/40 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,890,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.462%, 8/15/51 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">344,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.458%, 8/15/51 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,378,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc. Projects, Series 2014B, 5.875%, 8/15/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,116,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010B, 7.250%, 8/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,084,862</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Revenue Bonds, California Baptist University, Series 2016A, 5.000%, 11/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">518,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Municipal Finance Authority, Revenue Bonds, Harbor Regional Center Project, Series 2009, 8.500%, 11/01/39 (Pre-refunded 11/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,182,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California School Finance Authority, Educational Facilities Revenue Bonds, Tri-Valley Learning Corporation, Series 2012A, 7.000%, 6/01/47 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,364,981</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California State, General Obligation Bonds, Tender Option Bond Trust 2016-XG0039, 17.130%, 3/01/40 &#8211; AGM Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,881,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">856,776</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 12/01/54</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,081,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.250%, 12/01/56</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,462,929</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes of the West, Series 2010, 6.250%, 10/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">566,363</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Series 2017A-2, 4.000%, 11/01/44 (WI/DD, Settling 5/04/17) (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,047,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Revenue Bonds, Lancer Educational Student Housing Project, Refunding Series 2016A, 5.000%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">507,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">97</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc599e0418b154a5c9b3e670171ee678e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zc0f5e964c1f4426c978e510c775c34da" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2012-01, Fancher Creek, Series 2013A, 5.700%, 9/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,079,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2011A, 8.000%, 9/02/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,722,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, California Baptist University, Series 2011A, 7.500%, 11/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">575,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A, 5.500%, 7/01/39 (7)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,349,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System, Series 2007C, 5.750%, 7/01/47 (Pre-refunded 7/01/18) &#8211; FGIC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,321,438</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender Option Bond Trust 2015-XF2186, 15.280%, 11/15/38 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">579,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender Option Bond Trust 2016-XF2351:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">745</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.663%, 11/15/38 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">839,518</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">16.742%, 11/15/48 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,140,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds, Franciscan Mobile Home Park Project, Refunding Third Tier Series 2007C, 6.500%, 12/15/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,883,911</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds, Franciscan Mobile Home Park, Refunding Series 2007A, 5.000%, 12/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,024,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana Redevelopment Project, Tender Option Bond Trust 2016-XG0095, 15.860%, 9/01/32 &#8211; AMBAC Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">530,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fontana, California, Special Tax Bonds, Community Facilities District 31 Citrus Heights North, Series 2006, 5.000%, 9/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,006,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Senior Convertible Series 2007A-2, 5.300%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,548,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,765</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,802,208</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,356,396</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.125%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,689,742</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">705</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 5.750%, 6/01/47 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">708,165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2015A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/40 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,223,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/45 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,214,220</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Tender Option Bond Trust 2015-XF1038, 14.698%, 6/01/45 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,228,433</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grossmont Healthcare District, California, General Obligation Bonds, Tender Option Bond Trust 2017-XF2453, 20.311%, 7/15/40 (Pre-refunded 7/15/21) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,692,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2005:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/25 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,002,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 8/01/35 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment Project Areas Housing Programs, Series 2009, 6.875%, 8/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">163,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment Project Areas Housing Programs, Series 2009, 6.875%, 8/01/39 (Pre-refunded 8/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">214,791</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lathrop Financing Authority, California, Revenue Bonds, Water Supply Project Series 2003, 6.000%, 6/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">550,484</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">98</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="ze0526d3b1ee74f11963938eff63361d7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lee Lake Public Financing Authority, California, Junior Lien Revenue Bonds, Series 2013B, 5.250%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">424,102</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Los Angeles County, California, Community Development Commission Headquarters Office Building, Lease Revenue Bonds, Community Development Properties Los Angeles County Inc., Tender Option Bond Trust 2016-XL0022, 15.770%, 9/01/42 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,279,429</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Tender Option Bond Trust 2016-XL0005, 15.641%, 5/15/40 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,586,317</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lynwood Redevelopment Agency, California, Project A Revenue Bonds, Subordinate Lien Series 2011A, 7.000%, 9/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,195,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 8/01/26 (Pre-refunded 8/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,234,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.500%, 8/01/41 (Pre-refunded 8/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,883,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2005-3, Series 2007, 5.000%, 9/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">471,687</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">National City Community Development Commission, California, Tax Allocation Bonds, National City Redevelopment Project, Series 2011, 7.000%, 8/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">599,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">330</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011, 6.750%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">387,796</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 11/01/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">495,949</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 11/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,087,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Palomar Pomerado Health, California, General Obligation Bonds, Tender Option Bond Trust 2016-XG0017, 15.459%, 8/01/37 (Pre-refunded 8/01/17) &#8211; NPFG Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">261,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Refunding Series 2008A, 6.500%, 9/01/28 (Pre-refunded 9/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,075,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">733</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">River Rock Entertainment Authority, California, Revenue Bonds, Senior Notes Series 2011B, 8.000%, 11/01/18 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">142,422</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B, 6.750%, 10/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,434,168</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Sacramento City Financing Authority California, Lease Revenue Bonds, Master Lease Program Facilities Projects, Tender Option Bond Trust 2016-XG0100:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.684%, 12/01/30 &#8211; AMBAC Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,420,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.684%, 12/01/33 &#8211; AMBAC Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,858,967</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">960</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">8.000%, 12/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,193,635</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">8.000%, 12/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,206,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,095</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay South Redevelopment Project, Subordinate Series 2016D, 0.000%, 8/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 61.78</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,850,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Santa Margarita Water District, California, Special Tax Bonds, Community Facilities District 2013-1 Village of Sendero, Series 2013, 5.625%, 9/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,097,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Santee Community Development Commission, California, Santee Redevelopment Project Tax Allocation Bonds, Series 2011A, 7.000%, 8/01/41 (Pre-refunded 2/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,210,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017, 6.250%, 9/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,079,292</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Temecula Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project 1, Series 2002, 5.250%, 8/01/36 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,014,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1, 5.500%, 6/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,859,873</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Twentynine Palms Redevelopment Agency, California, Tax Allocation Bonds, Four Corners Project Area, Series 2011A, 7.650%, 9/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">787,781</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">99</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z81f4b708f37e40dcac886b1f6ab796c5" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za332ff12d80f4ac4b8386a824dcf2744" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>California </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of California, General Revenue Bonds, Tender Option Bond Trust 2016-XL0001, 15.540%, 5/15/39 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,941,400</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">118,503</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total California</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">129,970,268</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado &#8211; 9.1% (7.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brighton Crossing Metropolitan District 4, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2013, 7.000%, 12/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,007,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cherry Creek Corporate Center Metropolitan District, Arapahoe County, Colorado, Revenue Bonds, Refunding Subordinate Lien Series 2016B, 8.000%, 6/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">469,845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,953</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cimarron Metropolitan District, Arvada, Colorado, Limited Tax Revenue Bonds, Convertible to Unlimited Tax, Series 2012, 6.000%, 12/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,923,197</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy Project, Series 2008, 6.250%, 7/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">766,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Jefferson County School District R-1 &#8211; Compass Montessori Secondary School, Series 2006, 5.625%, 2/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,003,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Mountain Phoenix Community School, Series 2012, 7.000%, 10/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,473,589</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Skyview Academy Project, Series 2014, 5.375%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">206,468</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,790</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pikes Peak School of Expeditionary Learning Charter School, Series 2008, 6.625%, 6/01/38 (Pre-refunded 6/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,924,411</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2016A, 5.000%, 11/15/41 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,622,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes of the Midwest Obligated Group, Series 2013, 8.000%, 8/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,839,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes Project, Series 2016, 6.125%, 2/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,005,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Colorado, Revenue Bonds, Colorado Senior Residences Project, Series 2012, 6.750%, 6/01/32 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,059,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Tender Option Bond Trust 2015-XF0054, 16.422%, 1/01/30 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,010,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,285</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Revenue Bonds, Craig Hospital Project, Series 2012, 5.000%, 12/01/32 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,413,577</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan Society, Series 2006, 5.250%, 6/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">290,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">518</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 6/01/17 (Alternative Minimum Tax) (4), (8)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510,016</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,045</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 4/01/27 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,388,646</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,223</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project, Series 2013, 6.875%, 10/01/27 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,935,628</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Compark Business Campus Metropolitan District, Douglas County, Colorado, General Obligation Bonds, Series 2012A, 6.750%, 12/01/39 &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,114,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Confluence Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.400%, 12/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">942,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.450%, 12/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,375,335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United Air Lines Corporation, Series 2007A, 5.250%, 10/01/32 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,010,260</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/27 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,394,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">100</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2eec21be5ebc4501b00612c7ae37a4b7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">708</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Erie Highlands Metropolitan District No. 1 (In the Town of Erie), Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2015B, 7.750%, 12/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">692,629</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">961</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fitzsimons Village Metropolitan District 1, Aurora, Arapahoe County, Colorado, Tax Increment Public Improvement Fee Supported Revenue Bonds, Series 2010A, 7.500%, 3/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,017,699</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fitzsimons Village Metropolitan District 3, Arapahoe County, Colorado, Tax Increment/Public Improvement Fee Supported Revenue Bonds, Series 2014A, 6.000%, 3/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,034,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,105,499</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,989</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Great Western Metropolitan District 5, Colorado, General Obligation Limited Tax Revenue Bonds, Series 2009A-1, 9.000%, 8/01/39 (9)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,031,684</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Heritage Todd Creek Metropolitan District, Colorado, General Obligation Bonds Limited Tax, Refunding &amp; Improvement Series 2015, 6.125%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,023,940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">952</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Heritage Todd Creek Metropolitan District, Colorado, General Obligation Bonds Limited Tax, Series 2007A, 5.500%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">894,271</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iliff Commons Metropolitan District 2, Aurora, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax Series 2015, 6.250%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">985,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iliff Commons Metropolitan District 2, Aurora, Arapahoe County, Colorado, General Obligation Bonds, Subordinated Limited Tax Convertible to Unlimited Tax Series 2016B, 8.000%, 12/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">307,806</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Revenue Bonds, Refunding Series 2015, 5.500%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,948,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">607,750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,265</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,127,355</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,145</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kit Carson County Health Service District, Colorado, Health Care Facility Revenue Bonds, Series 2007, 6.750%, 1/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,185,067</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lewis Pointe Metropolitan District, Thornton, Colorado, Limited Tax Convertible to Unlimited Tax General Obligation Bonds, Series 2015A, 6.000%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,237,938</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Leyden Rock Metropolitan District No. 10, In the City of Arvada, Colorado, Limited Tax General Obligation Bonds, Refunding and Improvement Series 20016A, 5.000%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">491,755</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Leyden Rock Metropolitan District No. 10, In the City of Arvada, Colorado, Limited Tax General Obligation Bonds, Refunding and Improvement Series 20016B, 7.250%, 12/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">456,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maher Ranch Metropolitan District 4, Colorado, General Obligation Limited Tax Bonds, Series 2007, 5.250%, 12/01/36 (Pre-refunded 12/01/17) &#8211; RAAI Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,128</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Midcities Metropolitan District No. 2, In the City and County of Broomfield, Colorado, Subordinate Special Revenue Refunding Bonds, Series 2016B, 7.750%, 12/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">462,665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Murphy Creek Metropolitan District 3, Aurora, Colorado, General Obligation Bonds, Refunding &amp; Improvement Series 2006, 6.125%, 12/01/35 (10)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,344,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pinon Pines Metropolitan District No. 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2016, 5.375%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">908,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Promenade at Castle Rock Metropolitan District 1, Colorado, General Obligation Bonds, Limited Tax Series 2015A, 5.750%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,139,227</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 1/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,123,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,104,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rendezous Residential Metropolitan District, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2007, 5.375%, 12/01/21 (Pre-refunded 12/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,478,779</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation Bonds, Series 2015A, 6.000%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">981,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation Bonds, Series 2015B, 7.750%, 12/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">863,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">101</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2b84bbbd34974a8bae61a7d255b8005c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z523c33ce2e4f4025a7434245204385e6" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Colorado </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Stone Ridge Metropolitan District 2, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited, Series 2007, 7.250%, 12/01/31 (11)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">450,030</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,815</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Three Springs Metropolitan District 3, Durango, La Plata County, Colorado, Property Tax Supported Revenue Bonds, Series 2010, 7.750%, 12/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,894,878</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">965</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">VDW Metropolitan District 2, Larimer County, Colorado, General Obligation Bonds, Refunding Limited Tax Series 2016B, 7.250%, 12/15/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">924,132</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">73,954</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Colorado</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">70,518,194</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Connecticut &#8211; 1.2% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2016CT, 5.000%, 12/01/45 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,470,280</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,792,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,529</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mashantucket Western Pequot Tribe, Connecticut, Special Revenue Bonds, Subordinate Series 2013A, 0.240%, 7/01/31, PIK, (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">214,549</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mohegan Tribe of Indians of Connecticut, Gaming Authority Priority Distribution Payment Public Improvement Bonds, Series 2003, 5.250%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">904,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series 2011aA, 7.000%, 4/01/41 (Pre-refunded 4/01/21)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,210,790</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">14,029</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Connecticut</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,592,209</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Delaware &#8211; 0.3% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Delaware Economic Development Authority, Revenue Bonds, Odyssey Charter School Inc. Project, Series 2015A, 7.000%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,530,675</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>District of Columbia &#8211; 0.6% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">195</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2001, 6.500%, 5/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">220,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia, Revenue Bonds, Cesar Chavez Public Charter Schools for Public Policy, Series 2011, 7.500%, 11/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,102,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia, Revenue Bonds, Howard University, Tender Option Bond Trust 2016-XG0094, 20.103%, 10/01/37 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,952,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">District of Columbia, Revenue Bonds, KIPP DC Issue, Series 2013A, 6.000%, 7/01/33</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">291,540</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,945</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total District of Columbia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,566,275</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida &#8211; 15.5% (12.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Alachua County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Terraces at Bonita Springs Project, Series 2011A, 8.125%, 11/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,725,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series 2006A, 5.125%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">786,937</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series 2012, 6.700%, 5/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,938,554</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series 2015, 5.375%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,647,730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Babcock Ranch Community Independent Special District, Florida, Special Assessment Bonds, Series 2015, 5.250%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,003,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beeline Community Development District, Palm Beach County, Florida, Special Assessment Bonds, Series 2008A, 7.000%, 5/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,009,731</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">905</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Phase 1 Project, Series 2013A, 6.125%, 11/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,028,505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,895</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Boggy Creek Improvement District, Orlando, Florida, Special Assessment Revenue Bonds, Refunding Series 2013, 5.125%, 5/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,902,466</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">102</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
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<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z566456508f4742a891dd4664b2e6677e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brevard County, Florida, Industrial Development Revenue Bonds, TUFF Florida Tech Project, Series 2009, 6.500%, 11/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,880,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">700</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Broward County, Florida, Airport Facility Revenue Bonds, Learjet Inc., Series 2000, 7.500%, 11/01/20 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">701,162</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Capital Projects Finance Authority, Student Housing Revenue Bonds, Capital Projects Loan Program &#8211; Florida Universities, Series 2001F, 5.000%, 10/01/31 &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,435,043</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celebration Pointe Community Development District 1, Alachua County, Florida, Special Assessment Revenue Bonds, Series 2014, 5.125%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">987,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Collier County Industrial Development Authority, Florida, Continuing Care Community Revenue Bonds, Arlington of Naples Project, Series 2014A, 7.750%, 5/15/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,255,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Copperstone Community Development District, Manatee County, Florida, Capital Improvement Revenue Bonds, Series 2007, 5.200%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">969,961</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cordoba Ranch Community Development District, Hillsborough County, Florida, Special Assessment Revenue Bonds, Series 2006, 5.550%, 5/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">969,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fishhawk Community Development District IV, Hillsborough County, Florida, Special Assessment Revenue Bonds, Series 2013A, 7.000%, 5/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">846,416</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Downtown Doral Charter Elementary School Project, Series 2014A, 6.500%, 7/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,906,351</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">565</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Florida Charter Foundation Inc. Projects, Series 2016A, 5.000%, 7/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">506,986</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc. Projects, Series 2010A, 6.000%, 9/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,026,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc. Projects, Series 2011A, 7.625%, 6/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,244,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc. Projects, Series 2013A, 8.500%, 6/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,606,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, Doral Breeze Project Series 2012, 5.500%, 11/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,571,325</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special Assessment Improvement Bonds, Assessment Area Two Project, Refunding Series 2014A-2, 6.500%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,052,340</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Harmony Community Development District, Florida, Capital Improvement Revenue Bonds, Special Assessment, Refunding Series 2014, 5.250%, 5/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,955,655</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawks Point Community Development District, Florida, Special Assessment Revenue Bonds, Series 2007A, 5.300%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,585,569</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jacksonville Economic Development Commission, Florida, Health Care Facilities Revenue Bonds, Florida Proton Therapy Institute Project, Series 2007A, 6.250%, 9/01/27</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,016,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jacksonville Economic Development Commission, Florida, Industrial Development Revenue Bonds, Gerdau Ameristeel US Inc. Project, Series 2007, 5.300%, 5/01/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">915,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lakes by the Bay South Community Development District, Florida, Special Assessment Bonds, Series 2012, 5.750%, 11/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,023,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lakewood Ranch Stewardship District, Florida, Special Assessment Revenue Bonds, Lakewood Centre North Project, Series 2015, 4.875%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">666,616</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County Community Charter Schools, Series 2007A, 5.375%, 6/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,976,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,190</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami Beach, Florida, Resort Tax Revenue Bonds, Series 2015, 5.000%, 9/01/45 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">13,699,366</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,085</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami World Center Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, Series 2017, 5.250%, 11/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100,581</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County Industrial Development Authority, Florida, Revenue Bonds, Youth Co-Op Charter Schools Project, Series 2015A, 6.000%, 9/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">770,295</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">103</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zfe4deba1722e4eadaffa2152e76537e7" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z6e0bb6fb37f74fbca30e8b452c5a4967" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Aviation Revenue Bonds, Series 2008, Tender Option Bond Trust 2016-XG0010, 15.741%, 10/01/38 &#8211; AGC Insured (Alternative Minimum Tax) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,214,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, General Obligation Bonds, Series 2015D, 5.000%, 7/01/45 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,079,958</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Tender Option Bond Trust 2016-XG0030, 15.255%, 10/01/39 &#8211; AGM Insured (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,765,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">930</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds, Development Unit 53, Series 2015, 5.500%, 8/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">963,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of Boca Raton Project, Series 2014A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 6/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">721,271</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.500%, 6/01/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,684,573</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,090</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pine Island Community Development District, Florida, Special Assessment Bonds, Bella Collina, Series 2004, 5.750%, 5/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,061,452</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1, Series 2007B, 5.000%, 7/01/33 (Pre-refunded 7/01/17) &#8211; NPFG Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">453,294</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Reunion West Community Development District, Florida, Special Assessment Bonds, Series 2004A-1, 6.250%, 5/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,810,442</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rolling Oaks Community Development District, Florida, Special Assessment Bonds, Series 2016, 6.000%, 11/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,552,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Shingle Creek Community Development District, Florida, Special Assessment Revenue Bonds, Series 2015, 5.400%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,006,493</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Stoneybrook Venice Community Development District, Florida, Capital Improvement Revenue Bonds, Series 2007, 6.750%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,172,855</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sweetwater Creek Community Development District, Saint John&#8217;s County, Florida, Capital Improvement Revenue Bonds, Series 2007A, 5.500%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,009,990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-2, 6.610%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,162,475</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-3, 0.000%, 5/01/40 (12)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,502,134</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (12)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">680,711</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.375%, 5/01/17 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.650%, 5/01/40 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007A-2, 5.250%, 5/01/39 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing Parcel Series 2007-1. RMKT, 6.650%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">120,648</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">615</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing Parcel Series 2007A-1. RMKT, 5.250%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">593,844</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2012A-1:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">45</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.375%, 5/01/17</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">44,996</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 5/01/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">479,538</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.650%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,255,226</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,301,708</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,193,792</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">104</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z90d449cad19a4e82b3ff2f912855f75b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Florida </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006, 5.400%, 5/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,950,951</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Twin Creeks North Community Development District, Florida, Special Assessment Bonds, Master Infrastructure Improvements, Series 2016A-2, 6.375%, 11/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/31 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,445,890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Venetian Parc Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, Area One Project, Series 2013, 6.500%, 11/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/28 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,274,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Waterset North Community Development District, Hillsborough County, Florida, Special Assessment Revenue Bonds, Series 2014, 5.500%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">999,990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">925</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">West Villages Improvement District, Florida, Special Assessment Revenue Bonds, Series 2006, 5.500%, 5/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">925,046</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Windsor at Westside Community Development District, Osceola County, Florida, Special Assessment Bonds, Area 1 Project, Series 2015, 5.125%, 11/01/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">978,150</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">124,875</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Florida</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">120,119,429</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Georgia &#8211; 1.2% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds, Trestletree Village Apartments, Series 2013A, 5.000%, 11/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,006,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008A. Remarketed, 7.500%, 1/01/31 (Pre-refunded 1/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">911,971</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air Lines, Inc. Project, Series 2009A, 8.750%, 6/01/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,473,513</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Douglas County Development Authority, Georgia, Charter School Revenue Bonds, Brighten Academy Project, Series 2013A, 7.125%, 10/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,020,774</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fulton County Development Authority, Georgia, Revenue Bonds, Amana Academy Project, Series 2013A, 6.500%, 4/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">988,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,140</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fulton County Residential Care Facilities Elderly Authority, Georgia, First Mortgage Revenue Bonds, Lenbrook Project, Series 2006B, 7.300%, 7/01/42 (Mandatory put 7/01/23) (Pre-refunded 7/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,164,111</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/15/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">392,881</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">767</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 7/15/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">769,044</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">842</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/15/36</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">844,275</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,101</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Georgia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,571,779</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Guam &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Guam Government, General Obligation Bonds, 2009 Series A, 7.000%, 11/15/39 (Pre-refunded 11/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,805,515</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">330</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">376,415</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,775</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Guam</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,181,930</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Hawaii &#8211; 0.3% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">831</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Private School Revenue Bonds, Montessori of Maui, Series 2007, 5.500%, 1/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">832,787</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,655</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc. and Subsidiary Projects, Series 2009, 6.500%, 7/01/39</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,791,471</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,486</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Hawaii</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,624,258</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Idaho &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Idaho Health Facilities Authority, Revenue Bonds, Saint Luke&#8217;s Health System Project, Tender Option Bond Trust 2016-XG0066, 13.887%, 3/01/47 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">634,300</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">105</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1ab665827fee47fcb7b54341df976ad9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z8a4529205c8b4054862e7463e5c9ce8d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois &#8211; 13.5% (10.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Bolingbrook, Illinois, Sales Tax Revenue Bonds, Series 2005, 6.250%, 1/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">808,822</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Capital Improvement Revenues, Series 2017, 6.000%, 4/01/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,347,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2010F, 5.000%, 12/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">819,070</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,885</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,407,778</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,025</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,881,286</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Metropolitan Water Reclamation District, Illinois, General Obligation Bonds, Series 2015A, 5.000%, 12/01/44 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,291,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,009,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,676</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, Certificates of Participation Tax Increment Bonds, 35th and State Redevelopment Project, Series 2012, 6.100%, 1/15/29</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,613,467</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,571</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, Certificates of Participation, Tax Increment Allocation Revenue Bonds, Diversey-Narragansett Project, Series 2006, 7.460%, 2/15/26 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,817,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2014A, 5.250%, 1/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,996,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project &amp; Refunding Series 2017A, 6.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,753,276</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2005D, 5.500%,1/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,150</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C, 5.000%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">123,405</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chicago, Illinois, General Obligation Bonds, Variable Rate Demand Series 2007F, 5.500%, 1/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,499,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International Corporation Project, Series 2010, 6.500%, 10/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,088,480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,180</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Evanston, Illinois, Educational Facility Revenue Bonds, Roycemore School Project, Series 2011, 8.250%, 7/01/41 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,827,232</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority Revenue Bonds, Ness Healthcare NFP, Series 2016A, 6.375%, 11/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,743,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,370</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation, Series 2007, 5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,371,348</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Recovery Zone Facility Revenue Bonds, Navistar International Corporation Project, Series 2010, 6.500%, 10/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,022,120</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Elmhurst Memorial Healthcare, Series 2008A, 5.625%, 1/01/37 (Pre-refunded 1/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,134,881</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Lake Forest College, Series 2012A, 6.000%, 10/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Tender Option Bond Trust 4702, 17.926%, 11/15/37 (Pre-refunded 11/15/17) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,769,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">25</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.750%, 8/15/34 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">28,725</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.750%, 8/15/34 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,303,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,770</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A, 5.500%, 8/01/37 (Pre-refunded 8/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,790,851</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.875%, 8/15/38 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,260,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,850</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 8/15/44 (Pre-refunded 8/15/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,361,242</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Tender Option Bond Trust 2015-XF0121:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">19.169%, 8/15/41 &#8211; AGM Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">386,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">19.156%, 8/15/41 &#8211; AGM Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,607,083</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">106</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z203401e321fc49eab9ab66e4a35c43d1" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">695</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc., University Center Project, Series 2006B, 5.000%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">696,877</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, General Obligation Bonds, Series 2012A, 5.000%, 3/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200,242</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Illinois State, Sales Tax Revenue Bonds, Build Illinois, Series 2016C, 4.000%, 6/15/32 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,082,657</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel Revenue Bonds, Series 2005A-1, 7.125%, 1/01/36 (13)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">484,078</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel Revenue Bonds, Series 2005A-2, 5.500%, 1/01/36 &#8211; ACA Insured (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,699,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel Revenue Bonds, Series 2005B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">285</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/01/25 (14)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">D</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">83,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,175</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.250%, 1/01/36 (14)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">D</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">342,607</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,431</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lombard Public Facilities Corporation, Illinois, Third Tier Conference Center and Hotel Revenue Bonds, Series 2005C-3, 12.000%, 1/01/36 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010, 6.000%, 6/01/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">911,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rantoul, Champaign County, Illinois, Tax Increment Revenue Bonds, Evans Road Series 2013B, 7.000%, 12/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">990,392</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group, Inc., Series 2013, 7.125%, 11/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,277,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Springfield, Sangamon County, Illinois, Special Service Area, Legacy Pointe, Special Assessment Bonds, Series 2009, 7.875%, 3/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">765,825</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">895</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Yorkville United City Business District, Illinois, Storm Water and Water Improvement Project Revenue Bonds, Series 2007, 6.000%, 1/01/26 (15)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">536,597</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">105,228</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Illinois</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">104,200,610</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Indiana &#8211; 2.5% (2.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,050</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Carmel Redevelopment District, Indiana, Tax Increment Revenue Bonds, Series 2004A, 6.650%, 1/15/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,066,918</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Bond Bank, Special Program Bonds, Hendricks Regional Health Project, Tender Option Bond Trust 2016-XL0019, 16.177%, 4/01/30 &#8211; AMBAC Insured (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,906,320</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Bond Bank, Special Program Gas Revenue Bonds, JP Morgan Ventures Energy Corporation Guaranteed, Tender Option Bond Trust 2015-XF0115, 15.252%, 10/15/20 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,858,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Educational Facilities Revenue Bonds, Discovery Charter School Project, Series 2015A, 7.250%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,010,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2011, 6.000%, 12/01/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,054,680</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,819,460</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Indiana Finance Authority, Hospital Revenue Bonds, King&#8217;s Daughters&#8217; Hospital and Health Services, Series 2010, 5.500%, 8/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">533,590</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group Revenue Bonds, Tender Option Bond Trust 2015-XF0106:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,290</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.257%, 12/01/37 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,797,486</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">16.257%, 12/01/38 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,654,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Shoals, Indiana, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Series 2013, 7.250%, 11/01/43 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,145,470</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">995</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">St. Joseph County, Indiana, Economic Development Revenue Bonds, Chicago Trail Village Apartments, Series 2005A, 7.500%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,239</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Vigo County Hospital Authority, Indiana, Revenue Bonds, Union Hospital, Series 2007, 5.700%, 9/01/37 (Pre-refunded 9/01/17)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">254,093</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">16,585</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Indiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">19,103,586</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">107</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z4e5dffeb552f43bb8f525fe7fb674b8e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z9c2b410bf691454ab26ec930b03adf90" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Iowa &#8211; 0.9% (0.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. Project, Series 2012, 4.750%, 8/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,023,886</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,028,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.375%, 6/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,900</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.625%, 6/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,900,058</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,920</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Iowa</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,952,304</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kansas &#8211; 0.8% (0.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,305</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of Kansas Hospital Authority, Health Facilities Revenue Bonds, KU Health System, Refunding &amp; Improvement, Series 2015, 5.000%, 9/01/45 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,884,253</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Kentucky &#8211; 0.2% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010A, 6.000%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">552,870</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kentucky Housing Corporation, Multifamily Housing Revenue Bonds, Heritage Green Apartments Project, Series 2015, 5.625%, 5/01/45</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,001,590</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Kentucky</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,554,460</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Louisiana &#8211; 3.3% (2.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,350</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.000%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,518,166</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Local Government Environmental Facilities &amp; Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,688,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Southgate Suites Retail Project, Series 2007A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 12/15/37 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,547,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 12/15/37 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">557,043</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Southgate Suites Retail Project, Series 2007B, 9.000%, 12/15/17 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">49,959</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Series 2010A-1, 6.500%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">570,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Womans Hospital Foundation Project, Tender Option Bonds Trust 2016-XF2336:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">18.265%, 10/01/40 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,095,990</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">750</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">18.254%, 10/01/40 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,095,773</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.500%, 7/01/36 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,077,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,935</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Revenue Bonds, Lake Charles Charter Academy Foundation Project, Series 2011A, 7.750%, 12/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,135,156</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Revenue Bonds, Southwest Louisiana Charter Academy Foundation Project, Series 2013A, 8.125%, 12/15/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,348,451</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Louisiana Public Facilities Authority, Solid Waste Disposal Facility Revenue Bonds, Louisiana Pellets Inc. Project, Series 2015, 7.000%, 7/01/24 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">745,160</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">28,110</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Louisiana</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,428,873</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Maine &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,155</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Portland Housing Development Corporation, Maine, Section 8 Assisted Senior Living Revenue Bonds, Avesta Housing Development Corporation, Series 2004A, 6.000%, 2/01/34</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Baa2</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,158,975</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">108</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2a0c4e3242394f43a11a54d6f020907e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Maryland &#8211; 1.0% (0.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A, 5.250%, 9/01/39 (Pre-refunded 6/23/17) &#8211; SYNCORA GTY Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,212,735</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine Terminals Inc. Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,005,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference Center, Series 2006A, 5.000%, 12/01/31 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,384,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference Center, Series 2006B, 5.250%, 12/01/31 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,490,350</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,710</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Maryland</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,093,165</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Massachusetts &#8211; 1.2% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">480</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc., Series 2001A, 5.000%, 1/01/27 &#8211; AMBAC Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">484,464</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2016E, 4.000%, 4/01/33 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,155,235</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2016A, 5.000%, 3/01/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,610,900</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8,465</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Massachusetts</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,250,599</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Michigan &#8211; 1.4% (1.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit Local Development Finance Authority, Michigan, Tax Increment Bonds, Series 1998A, 5.500%, 5/01/21</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">613,948</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit Local Development Finance Authority, Michigan, Tax Increment Bonds, Series 1998A, 5.500%, 5/01/21 &#8211; ACA Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,632</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">88</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit, Michigan, General Obligation Bonds, Series 2003A, 5.250%, 4/01/22</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">87,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">116</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Detroit, Michigan, General Obligation Bonds, Series 2004A-1, 5.250%, 4/01/19 &#8211; AMBAC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">116,595</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">945</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Hope Academy Project, Series 2011, 8.125%, 4/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">787,053</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Voyageur Academy Project, Series 2011, 8.000%, 7/15/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,065,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American Montessori Academy, Series 2007, 6.500%, 12/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,682,275</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, Chandler Park Academy Project, Series 2008, 6.500%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,001,490</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, Richfield Public School Academy, Series 2007, 5.000%, 9/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,003,010</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, David Ellis Academy-West Charter School Project, Series 2007, 5.875%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">844,992</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Michigan Strategic Fund, Limited Obligation Revenue Bonds, Detroit Thermal LLC Project, Series 2013, 8.500%, 12/01/30 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,013,499</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital, Refunding Series 2009V, 8.250%, 9/01/39 (Pre-refunded 9/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,096,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Summit Academy, Michigan, Revenue Bonds, Public School Academy Series 2005, 6.375%, 11/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500,435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">University of Michigan, General Revenue Bonds, Series 2015, 5.000%, 4/01/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">AAA</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,376,556</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,194</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Michigan</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,199,385</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">109</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zb96769f3a5504506be832995ebd74120" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za5e1b41957fb4f8ba364e643333b0530" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Minnesota &#8211; 0.8% (0.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">665</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brooklyn Park, Minnesota, Charter School Lease Revenue Bonds, Athlos Leadership Academy Project, Series 2015A, 5.500%, 7/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">666,244</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Columbus, Minnesota, Charter School Lease Revenue Bonds, New Millennium Academy Project, Series 2015A, 6.000%, 7/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">888,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">505</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Greenwood, Minnesota, Charter School Lease Revenue Bonds, Main Street School of Performing Arts Project, Series 2016A, 5.000%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">442,370</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, Charter School Lease Revenue Bonds, Community School of Excellence, Series 2016A, 5.750%, 7/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,873,380</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Paul Port Authority, Minnesota, Solid Waste Disposal Revenue Bonds, Gerdau Saint Paul Steel Mill Project, Series 2012-7, 4.500%, 10/01/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,601,330</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,170</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Minnesota</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,472,064</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Mississippi &#8211; 0.2% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">681</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mississippi Home Corporation, Multifamily Housing Revenue Bonds, Tupelo Personal Care Apartments, Series 2004-2, 6.125%, 9/01/34 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">681,514</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Warren County, Mississippi, Gulf Opportunity Zone Revenue Bonds, International Paper Company Project, Series 2008A, 6.500%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,058,240</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,681</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Mississippi</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,739,754</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Missouri &#8211; 1.3% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri, Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,077,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Joplin Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Joplin Recovery TIF Redevelopment Project, Series 2013B, 5.875%, 4/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,078,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">655</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway Center Community Improvement District, Senior Refunding &amp; Improvement Series 2016, 5.000%, 4/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">584,764</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Liberty, Missouri, Special Obligation Tax Increment and Special Districts Bonds, Liberty Commons Project, Subordinate Lien Series 2015B, 8.500%, 6/15/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,978,880</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Louis Industrial Development Authority, Missouri, Confluence Academy Project, Series 2007A, 5.350%, 6/15/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,092,487</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Louis Land Clearance for Redevelopment Authority, Missouri, Tax-Exempt Recovery Zone Facilities Improvement, Special Revenue Bonds, Kiel Opera House Project, Series 2010B, 7.000%, 9/01/35</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">916,938</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,390</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment Project, Series 2008A, 6.300%, 8/22/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,328,618</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">732</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Grace Lofts Redevelopment Projects, Series 2007A, 6.000%, 3/27/26</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">681,631</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,777</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Missouri</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,739,418</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Nevada &#8211; 0.7% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Clark County, Nevada, General Obligation Bank Bonds, Southern Nevada Water Authority Loan, Tender Option Bond Trust 2016-XG0031, 15.485%, 6/01/33 (Pre-refunded 6/01/18) (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aa1 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,947,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Sparks Tourism Improvement District 1, Legends at Sparks Marina, Nevada, Senior Sales Tax Revenue Bonds Series 2008A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">555</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 6/15/20</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">570,113</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 6/15/28</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B1</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,539,885</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,555</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Nevada</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,057,098</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Jersey &#8211; 4.0% (3.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc., Series 1999, 5.250%, 9/15/29 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/22 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,277,366</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,080</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc., Series 2000A &amp; 2000B, 5.625%, 11/15/30 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/24 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">110</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z9fcd04c215e64efdbc9f032223c06396" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Jersey </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident Group-Montclair Properties LLC, Montclair State University Student Housing Project, Series 2010A, 5.875%, 6/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,078,570</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Educational Facilities Authority, Revenue Bonds, University of Medicine and Dentistry of New Jersey, Refunding Series 2009B, 7.500%, 12/01/32 (Pre-refunded 6/01/19)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">680,274</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.750%, 7/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,333,536</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">730</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph&#8217;s Healthcare System Obligated Group Issue, Refunding Series 2016, 5.000%, 7/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">784,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph&#8217;s Healthcare System Obligated Group Issue, Series 2008, 6.000%, 7/01/18 (ETM)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">706,845</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph&#8217;s Healthcare System Obligated Group Issue, Series 2008, 6.625%, 7/01/38 (Pre-refunded 7/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,131,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2008A, 6.125%, 6/01/30 &#8211; AGC Insured (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A2</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">621,228</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C, 0.000%, 12/15/36 &#8211; AMBAC Insured (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,215,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2007-1A, 5.000%, 6/01/41</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">984,260</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">54,995</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New Jersey</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">31,014,029</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New Mexico &#8211; 0.8% (0.6% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mariposa East Public Improvement District, New Mexico, Revenue Bonds, Capital Appreciation Taxable Series 2015D, 0.000%, 9/01/32 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/17 at 47.67</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">52,444</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">65</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mariposa East Public Improvement District, New Mexico, Special Levy Revenue Bonds, Series 2015A, 5.900%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">63,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">305</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mariposa East Public Improvement District, New Mexico, Special Levy Revenue Bonds, Series 2015B, 5.900%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">271,197</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">435</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mariposa East Public Improvement District, New Mexico, Special Levy Revenue Bonds, Series 2015C, 5.900%, 9/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">365,404</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,210</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mesa Del Sol Public Improvement District 1, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2013, 7.250%, 10/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,266,495</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">445</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Montecito Estates Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2007, 7.000%, 10/01/37 (Pre-refunded 10/01/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">456,592</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">965</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, La Vida LLena Project, Series 2010A, 5.875%, 7/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,004,652</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2014, 6.750%, 10/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,064,105</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,575</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Winrock Town Center Tax Increment Development District, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Senior Lien Series 2015, 6.000%, 5/01/40</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/20 at 103.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,620,486</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,395</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total New Mexico</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,164,870</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New York &#8211; 11.0% (8.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Refunding Series 2016A, 5.000%, 7/15/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,237,779</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009, 6.375%, 7/15/43 (Pre-refunded 1/15/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+ (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,138,840</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine, Inc., Series 2015, 5.500%, 9/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,333,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017, 5.000%, 12/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/27 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">216,294</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">111</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z346c564771534bb88842887150305709" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z42e6955a70ac4df1b33478a1b8cdfbf2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>New York </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">4.000%, 7/01/41 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,026,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 7/01/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,513,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2016C-1, 5.000%, 11/15/56 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11,121,300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx Parking Development Company, LLC Project, Series 2007:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 10/01/37 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">482,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 10/01/46 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/17 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,608,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special Needs Facilities Pooled Program, Series 2008A-1, 5.800%, 7/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">636,142</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">17,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Series 2016S-1, 5.000%, 7/15/43 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">19,296,360</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,075</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York City, New York, General Obligation Bonds, Series 2016A-1, 5.000%, 8/01/38 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8,106,464</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, Liberty Revenue Bonds, Secured by Port Authority Consolidated Bonds, Tender Option Bonds Trust 2016-XG0062, 15.420%, 12/15/41 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">728,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,193,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 2 Series 2014, 5.150%, 11/15/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,503,403</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 3 Series 2014, 7.250%, 11/15/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7,123,920</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,375</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2010, 6.375%, 7/15/49</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,495,945</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">New York Liberty Development Corporation, Second Priority Liberty Revenue Refunding Bonds, Bank of America Tower at One Bryant Park Project, Tender Option Bond Trust 2016-XG0018:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">625</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.965%, 1/15/44 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">831,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">15.965%, 1/15/44 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">332,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016, 5.000%, 8/01/26 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,999,370</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,075,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,985</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal Project, Series 2016A, 5.000%, 7/01/46 &#8211; AGM Insured (Alternative Minimum Tax) (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,439,034</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">530</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">595,953</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">80,970</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
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<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">85,036,629</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Carolina &#8211; 0.4% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">940</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Tender Option Bond Trust 2016-XF2222, 16.524%, 1/15/42 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,333,183</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">970</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Series 2008A, 6.000%, 6/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,002,156</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Series 2008A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 6/01/31 (Pre-refunded 6/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,670</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.125%, 6/01/35 (Pre-refunded 6/01/18)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,057,040</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,940</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total North Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,424,049</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">112</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z3260e8567b1f482ea7cb016eb7b553c5" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>North Dakota &#8211; 0.1% (0.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC Project, Series 2013, 7.750%, 9/01/38 (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,000,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Ohio &#8211; 6.3% (5.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,567,597</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,875</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.750%, 6/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,593,881</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,010,534</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.875%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,194,955</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,455</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,464,492</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Butler County Port Authority, Ohio, Public Infrastructure Revenue Bonds, Liberty Center Project, Liberty Community Authority, Series 2014C, 6.000%, 12/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,477,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Medina County Port Authority, Ohio, Development Revenue Bond, Fiber Network Project, Series 2010B, 6.000%, 12/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,366,596</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,232,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
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<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008C, 3.950%, 11/01/32 (Mandatory put 5/01/20) (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">880,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System Obligated Group, Tender Option Bond Trust 2015-XF0105, 17.428%, 1/01/39 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,588,950</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34 (Mandatory put 7/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,320,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">255</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008B, 3.625%, 10/01/33 (Mandatory put 4/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">112,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010B, 4.375%, 6/01/33 (Mandatory put 6/01/22)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,796,270</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">State of Ohio, Solid Waste Disposal Revenue Bonds (USG Corporation Project) Series 1997 Remarketed, 5.600%, 8/01/32 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,986,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities Revenue Bonds, Ashland University, Refunding &amp; Improvement Series 2015, 6.000%, 3/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,053,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc., Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 102.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">60</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">59,910</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Ohio</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">48,645,365</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Oklahoma &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,288,400</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania &#8211; 2.8% (2.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 11/01/24</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">523,710</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.875%, 5/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Caa1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,041,020</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 3.500%, 4/01/41</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,100,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (Mandatory put 6/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Berks County Industrial Development Authority, Pennsylvania, First Mortgage Revenue Bonds, One Douglassville Properties Project, Series 2007A, 6.125%, 11/01/34 (Pre-refunded 11/01/17) (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 101.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">864,977</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">113</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z1d0df755a3b04b2085670369edd444ee" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z11a7cf0e0e1445d8bb5e27c091474fd6" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Pennsylvania </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds, Immaculata University, Series 2005, 5.750%, 10/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,009,420</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,410</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School Revenue Bonds, Series 2007A, 6.375%, 12/15/37</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,435,436</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">185</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue Bonds, New Regional Medical Center Project, Tender Option Bond Trust 62B, 16.879%, 8/01/38 (Pre-refunded 8/01/20) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">283,457</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,115</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Economic Development Finance Authority, Solid Waste Disposal Revenue Bonds (USG Corporation Project) Series 1999, 6.000%, 6/01/31 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,114,506</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,332,238</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Nueva Esperanza, Inc. &#8211; Esperanza Academy Charter School, Series 2013, 8.000%, 1/01/33</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,837,675</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">510</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">548,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series 2012B, 6.250%, 7/01/23</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Ba1</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,005,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">180</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">The Redevelopment Authority of the City of Scranton, Lackawanna county, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2016A, 5.000%, 11/15/28</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">184,919</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">22,985</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Pennsylvania</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">21,721,233</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Rhode Island &#8211; 0.6% (0.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rhode Island Health &amp; Educational Building Corporation, Health Facilities Revenue Bonds, Tockwotton Home, Series 2011, 8.375%, 1/01/46 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Aaa</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,240,830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rhode Island Student Loan Authority, Student Loan Program Revenue Bonds, Series 2008A, 6.750%, 12/01/28 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,027,860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">21,160</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 0.000%, 6/01/52</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 12.63</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">CCC+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,127,215</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">23,160</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Rhode Island</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,395,905</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>South Carolina &#8211; 1.9% (1.5% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District, Series 2007A, 7.750%, 11/01/39 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,198,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,477</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District, Series 2007B, 7.700%, 11/01/17 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,041,709</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, Midland Valley Preparatory School Project, Series 2014, 7.750%, 11/15/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,109,240</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health, Refunding Series 2011A, 6.500%, 8/01/39 &#8211; AGM Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,456,225</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,250</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Federally Taxable Build America Series 2016B, 5.000%, 12/01/46 (UB)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">A+</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,950,040</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">18,977</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total South Carolina</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">14,755,614</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Tennessee &#8211; 3.6% (2.8% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Mountain States Health Alliance, Refunding Series 2010A, 6.500%, 7/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,318,450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">14,835</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,420,417</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,024</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6,930,492</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">114</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z00e9c7c58ff5427db2c3bda7f7bccb4b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Tennessee </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wilson County Health and Educational Facilities Board, Tennessee, Senior Living Revenue Bonds, Rutland Place Inc. Project, Series 2015A, 5.500%, 1/01/46</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">847,075</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">24,819</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Tennessee</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">27,516,434</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas &#8211; 6.6% (5.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Austin Convention Enterprises Inc., Texas, Convention Center Hotel Revenue Bonds, Second Tier Series 2006B, 5.750%, 1/01/34 (Pre-refunded 6/08/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,999,820</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,005</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric Company, Series 2001D, 8.250%, 5/01/33 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">40</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celina, Texas, Special Assessment Revenue Bonds, Creeks of Legacy Public Improvement District Phase 1 Project, Series 2014, 7.000%, 9/01/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/22 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,008,720</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.750%, 1/01/41 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,192,550</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/01/41 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa2 (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">291,538</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Tejano Center for Community Concerns, Inc.-Raul Yzaguirre School for Success, Refunding Series 2009A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,100</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">8.750%, 2/15/28</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,165,373</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">9.000%, 2/15/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,064,040</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,165</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Series 2016A, 5.000%, 12/01/48 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,681,168</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,910</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Danbury Higher Education Authority Inc., Texas, Golden Rule Charter School Revenue Bonds, Series 2008A, 6.500%, 8/15/38 (Pre-refunded 2/15/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,031,289</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2013A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">450</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.625%, 9/01/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">516,591</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.375%, 9/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,122,580</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc. Project, Series 2012A. RMKT, 4.750%, 5/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,533,015</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">585</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1998, 8.000%, 4/01/28 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">585,977</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">890</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Heart of Texas Education Finance Corporation, Texas, Gateway Charter Academy, Series 2006A, 6.000%, 2/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">899,630</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Jefferson County Industrial Development Corporation, Texas, Hurricane Ike Disaster Area Revenue Bonds, Port of Beaumont Petroleum Transload Terminal, LLC Project, Series 2012, 8.250%, 7/01/32</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,896,037</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Series 2016B, 5.750%, 10/01/31 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">10/18 at 103.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,048,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Mission Economic Development Corporation, Texas, Water Supply Revenue Bonds, Enviro Water Minerals Project, Green Bonds, Series 2015, 7.750%, 1/01/45 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/26 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,923,900</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Corpus Christi I, L.L.C.-Texas A&amp;M University-Corpus Christi Project, Series 2014A, 5.000%, 4/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/24 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,047,560</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation &#8211; San Antonio 1, L.L.C. &#8211; Texas A&amp;M University &#8211; San Antonio Project, Series 2016A, 5.000%, 4/01/48</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,053,160</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,250</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, Special Projects System Revenue Bonds, Tender Option Bond Trust 2016-XG0036, 17.321%, 9/01/41 (IF)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,614,130</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2008F, 5.750%, 1/01/38 (Pre-refunded 1/01/18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">345,975</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Red River Health Facilities Development Corporation, Texas, First Mortgage Revenue Bonds, Eden Home Inc., Series 2012, 7.000%, 12/15/32 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,579,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">300</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Rowlett, Texas, Special Assessment Revenue Bonds, Bayside Public Improvement District North Improvement Area, Series 2016, 5.750%, 9/15/36</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3/24 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">288,432</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">115</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="ze98b54ececc5405caff6326efd6ed3c0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z5537c1b62f8c4ff98b7c229fd1c60e8a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Texas </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company LLC Project, Series 2003B, 6.150%, 8/01/22 (4)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">20</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott &amp; White Healthcare Project, Series 2016A, 5.000%, 11/15/45 (UB)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,458,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,810</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009, 6.875%, 12/31/39</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,167,039</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 6/30/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,138,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4,500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">7.000%, 6/30/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">Baa3</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5,105,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">860</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Texas Public Finance Authority Charter School Finance Corporation, Charter School Revenue Bonds, School of Excellence Education Project, Series 2004A, 7.000%, 12/01/34</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">853,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Travis County Health Facilities Development Corporation, Texas, Revenue Bonds, Westminster Manor, Series 2010, 7.000%, 11/01/30</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">124,640</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">440</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Travis County Health Facilities Development Corporation, Texas, Revenue Bonds, Westminster Manor, Series 2010, 7.000%, 11/01/30 (Pre-refunded 11/01/20)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">11/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">524,511</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">340</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Trinity River Authority of Texas, Pollution Control Revenue Refunding Bonds, TXU Electric Company, Series 20003, 6.250%, 5/01/28 (Alternative Minimum Tax) (4)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">C</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">53,560</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Texas</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">51,261,508</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Utah &#8211; 1.6% (1.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Utah State Charter School Finance Authority, Charter School Revenue Bonds, Noah Webster Academy, Series 2008A:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,200</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.250%, 6/15/28 (Pre-refunded 6/15/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,208,424</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,430</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.500%, 6/15/38 (Pre-refunded 6/15/17)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,440,496</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,690</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah State Charter School Finance Authority, Charter School Revenue Bonds, North Davis Preparatory Academy, Series 2010, 6.375%, 7/15/40</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/20 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,800,458</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,980</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah State Charter School Finance Authority, Charter School Revenue Bonds, Summit Academy High School, Series 2011A, 8.125%, 5/15/31</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,180,891</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,550</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Utah State Charter School Finance Authority, Revenue Bonds, Summit Academy Project, Series 2007A, 5.800%, 6/15/38</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,625,536</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,850</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Utah</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,255,805</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Vermont &#8211; 0.9% (0.7% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, University of Vermont Medical Center Project, Green Series 2016B:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,605</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/46</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,759,594</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.000%, 12/01/46 (UB) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">A&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,727,488</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,155</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, Vermont Law School Project, Series 2011A, 6.250%, 1/01/41 (Pre-refunded 1/01/21)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1/21 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,354,954</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,160</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Vermont</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,842,036</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Virginia &#8211; 0.5% (0.4% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">762</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Celebrate Virginia North Community Development Authority, Special Assessment Revenue Bonds, Series 2003B, 6.250%, 3/01/18 (16)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">491,620</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">9,400</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Second Senior Lien Revenue Bonds, Series 2009B, 0.000%, 10/01/38 &#8211; AGC Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB+</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,527,068</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt">Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012:</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">80</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">6.000%, 1/01/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">90,012</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">130</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">5.500%, 1/01/42 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">142,210</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,372</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Virginia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,250,910</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">116</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z4ed7887b258f4da2ab7d9c215441443f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Washington &#8211; 1.4% (1.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,415</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of Information Services Project, Tender Option Bond Trust 2016-XL0006, 17.242%, 6/01/34 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,182,197</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of Information Services Project, Tender Option Bond Trust 2016-XL0007, 17.242%, 6/01/39 (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">654,540</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,600</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kalispel Indian Tribe, Washington, Priority Distribution Bonds, Series 2008, 6.750%, 1/01/38</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,777,696</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">King County Public Hospital District 4, Washington, Hospital Revenue Bonds, Snoqualmie Valley Hospital, Series 2015A, 6.250%, 12/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">970,800</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Kitsap County Consolidated Housing Authority, Washington, Pooled Tax Credit Housing Revenue Bonds, Series 2007, 5.600%, 6/01/37 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000,760</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">315</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Tacoma Consolidated Local Improvement District 65, Washington, Special Assessment Bonds, Series 2013, 5.750%, 4/01/43</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/18 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">315,158</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2007B, 5.750%, 8/15/37 &#8211; ACA Insured</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">15,167</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Washington State Housing Finance Commission, Non-Profit Housing Revenue Bonds, Mirabella Project, Series 2012A, 6.750%, 10/01/47</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,041,500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,845</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Washington</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,957,818</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>West Virginia &#8211; 0.3% (0.2% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,443</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Berkeley, Hardy and Jefferson Counties, West Virginia, as Joint Issuers, Commercial Development Revenue Bonds, Scattered Site Housing Projects, Series 2010, 5.750%, 12/01/44</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/23 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,470,071</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">500</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Ohio County Commission, West Virginia, Tax Increment Revenue Bonds, Fort Henry Centre Financing District, Series 2007A, 5.850%, 6/01/34 (Pre-refunded 6/01/17)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R (5)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">502,310</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,943</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total West Virginia</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,972,381</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Wisconsin &#8211; 1.4% (1.1% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">30</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Green Bay Redevelopment Authority, Wisconsin, Industrial Development Revenue Bonds, Fort James Project, Series 1999, 5.600%, 5/01/19 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">No Opt. Call</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">31,554</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Lac Courte Oreilles Band of Lake Superior Chippewa Indians, Wisconsin, Revenue Bonds, Series 2006, 7.000%, 12/01/26</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/18 at 102.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,008,660</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,650</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Thomas Jefferson Classical Academy of Mooresboro, North Carolina, Series 2011, 7.125%, 7/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BBB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,750,419</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">830</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, Cottonwood Classical Preparatory School in Albuquerque, New Mexico, Series 2012A, 6.250%, 12/01/42</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">12/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">845,189</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">335</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Refunding Series 2016, 4.000%, 8/01/35 (Alternative Minimum Tax)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">8/26 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">319,865</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,060</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Public Finance Authority of Wisconsin, Revenue Bonds, Roseman University of Health Sciences, Series 2015, 5.875%, 4/01/45</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/25 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">BB&#8211;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,089,744</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Community Health, Inc. Obligated Group, Tender Option Bond Trust 2015-XF0118, 16.212%, 4/01/39 (Pre-refunded 4/01/19) (IF) (6)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">4/19 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">AA&#8211; (5)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">1,318,520</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Public Finance Authority, Revenue Bonds, SearStone Retirement Community of Cary North Carolina, Series 2012A, 8.625%, 6/01/47</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">6/22 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">2,277,740</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Wisconsin Public Finance Authority, Revenue Bonds, SearStone Retirement Community of Cary North Carolina, Series 2016, 6.000%, 6/01/49</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6/22 at 104.00</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">958,820</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,905</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Wisconsin</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,600,511</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,010,912</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Municipal Bonds (cost $929,707,094)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">951,337,036</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">117</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zdb90e3459e8f4f5f9385d32fc64d8526" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 13%"><b>NMZ</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 50%"><b>Nuveen Municipal High Income Opportunity Fund</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Portfolio of Investments </b>(continued)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right"><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za8119220e9d44fb9a69cb149366f3e4e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>Shares</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 69%"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 12%"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: black 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>COMMON STOCKS &#8211; 1.3% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt"><b>Airlines &#8211; 1.3% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">227,514</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">American Airlines Group Inc., (17)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,696,647</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">Total Common Stocks (cost $6,316,916)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,696,647</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z8cde6bc917c44dd1ab810ae31af4e125" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 40%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Coupon</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Maturity</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>CORPORATE BONDS &#8211; 1.3% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Equity Real Estate Investment Trusts &#8211; 1.3% (1.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,470</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">AAF HLG/FIN, 144A, PIK</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12.750%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/01/19</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,919,656</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Transportation &#8211; 0.0% (0.0% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">27</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Monorail Company, Senior Interest Bonds (8), (18)</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">5.500%</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/15/19</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">16,685</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Las Vegas Monorail Company, Senior Interest Bonds (8), (18)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5.500%</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7/15/55</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">N/R</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,619</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">34</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Transportation</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">20,304</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,504</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Corporate Bonds (cost $9,160,088)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">9,939,960</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Total Long-Term Investments (cost $945,181,098)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>970,973,643</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zfabdc0c3fd52469f87c5a042f773238d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%"><b>Principal</b></td>
<td style="FONT-SIZE: 10pt; WIDTH: 3%">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; WIDTH: 48%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 11%"><b>Optional Call</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 9%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right; WIDTH: 12%">&#160;</td>
<td style="FONT-SIZE: 10pt; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Amount (000)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Description (1)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Provisions (2)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Ratings (3)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>SHORT-TERM INVESTMENTS &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>MUNICIPAL BONDS &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Illinois &#8211; 0.4% (0.3% of Total Investments)</b></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,110</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font style="FONT-SIZE: 10pt">Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Alternative</font> <font style="FONT-SIZE: 10pt">Revenue, Project Series 2015G, 9.000%, 3/01/32 (Mandatory Put 3/01/17) (19)</font></td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">7/17 at 100.00</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">B</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">$</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">3,110,000</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,110</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total Short-Term Investments (cost $3,090,563)</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,110,000</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Total Investments (cost $948,271,661) &#8211; 125.9%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>974,083,643</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Floating Rate Obligations &#8211; (20.0)%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(154,760,000</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs &#8211; (11.2)% (20)</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>(86,981,086</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid"><b>)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Other Assets Less Liabilities &#8211; 5.3%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>41,327,831</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Net Assets Applicable to Common Shares &#8211; 100%</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>$</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>773,670,388</b></td>
<td style="FONT-SIZE: 10pt; BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">118</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: left; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<table id="z88df8f44d51d49f9ba067a057a3e2d1d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt; WIDTH: 9%">(1)</td>
<td style="FONT-SIZE: 10pt; WIDTH: 91%">All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(2)</td>
<td style="FONT-SIZE: 10pt">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.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(3)</td>
<td style="FONT-SIZE: 10pt">The ratings disclosed are the lowest of Standard &amp; Poor&#8217;s Group (&#8220;Standard &amp; Poor&#8217;s&#8221;), Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;) or Fitch, Inc. (&#8220;Fitch&#8221;) rating. Ratings below BBB by Standard &amp; Poor&#8217;s, Baa by Moody&#8217;s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(4)</td>
<td style="FONT-SIZE: 10pt">As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund&#8217;s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund&#8217;s records.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(5)</td>
<td style="FONT-SIZE: 10pt">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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the ratings of such securities.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(6)</td>
<td style="FONT-SIZE: 10pt">Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(7)</td>
<td style="FONT-SIZE: 10pt">The coupon for this security increased 0.25% effective January 1, 2016 and increased an additional 0.25% effective May 11, 2016.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(8)</td>
<td style="FONT-SIZE: 10pt">Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 &#8211; Investment Valuation and Fair Value Measurements for more information.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(9)</td>
<td style="FONT-SIZE: 10pt">On December 1, 2016, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 9.000% to 6.750%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(10)</td>
<td style="FONT-SIZE: 10pt">On July 28, 2015, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 6.125% to 3.675%. On December 9, 2015, the Fund&#8217;s Adviser determined it was likely that this borrower would fulfill a greater portion of its obligation on this security, and therefore increased the security&#8217;s interest rate of accrual from 3.675% to 4.900%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(11)</td>
<td style="FONT-SIZE: 10pt">On June 1, 2013, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on the security, and therefore reduced the security&#8217;s interest rate of accrual from 7.250% to 1.813%. On May 7, 2015, the Fund&#8217;s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund&#8217;s records.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(12)</td>
<td style="FONT-SIZE: 10pt">Step-up coupon. The rate shown is the coupon as of the end of the reporting period.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(13)</td>
<td style="FONT-SIZE: 10pt">On January 7, 2015, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 7.125% to 5.700% and again on November 11, 2015, further reduced the security&#8217;s interest rate of accrual from 5.700% to 4.275%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(14)</td>
<td style="FONT-SIZE: 10pt">On May 7, 2015, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 5.250% to 2.100%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(15)</td>
<td style="FONT-SIZE: 10pt">On July 1, 2014, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 6.000% to 4.200%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(16)</td>
<td style="FONT-SIZE: 10pt">On September 1, 2013, the Fund&#8217;s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security&#8217;s interest rate of accrual from 6.250% to 4.688%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(17)</td>
<td style="FONT-SIZE: 10pt">On November 28, 2011, AMR Corp. (&#8220;AMR&#8221;), the parent company of American Airlines Group, Inc. (&#8220;AAL&#8221;) filed for federal bankruptcy protection. On December 9, 2013, AMR emerged from federal bankruptcy with the acceptance of its reorganization plan by the bankruptcy court. Under the settlement agreement established to meet AMR&#8217;s unsecured bond obligations, the bondholders, including the Fund, received a distribution of AAL preferred stock which was converted to AAL common stock over a 120-day period. Every 30 days, a quarter of the preferred stock was converted to AAL common stock based on the 5-day volume-weighted average price and the amount of preferred shares tendered during the optional preferred conversion period.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(18)</td>
<td style="FONT-SIZE: 10pt">During January 2010, Las Vegas Monorail Company (&#8220;Las Vegas Monorail&#8221;) filed for federal bankruptcy protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on July 15, 2055. The Fund was not accruing income for either senior interest corporate bond. On January 18, 2017, the Fund&#8217;s Adviser determined it was likely that this senior interest corporate bond would fulfill its obligation on the security maturing on July 15, 2019, and therefore began accruing income on the Fund&#8217;s records.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(19)</td>
<td style="FONT-SIZE: 10pt">Investment has a maturity of greater than one year, but has variable rate and demand features which qualify it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(20)</td>
<td style="FONT-SIZE: 10pt">Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 8.9%.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(ETM)</td>
<td style="FONT-SIZE: 10pt">Escrowed to maturity.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(IF)</td>
<td style="FONT-SIZE: 10pt">Inverse floating rate investment.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(UB)</td>
<td style="FONT-SIZE: 10pt">Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 &#8211; Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">(WI/DD)</td>
<td style="FONT-SIZE: 10pt">Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">PIK</td>
<td style="FONT-SIZE: 10pt">All or a portion of this security is payment-in-kind.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="FONT-SIZE: 10pt">144A</td>
<td style="FONT-SIZE: 10pt">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.</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="TEXT-ALIGN: right; PADDING-TOP: 8pt; FONT: 10pt Arial">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="TEXT-ALIGN: center; PADDING-TOP: 8pt; FONT: 10pt Arial">119</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="PADDING-TOP: 8pt; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<p style="MARGIN: 0px"></p>

<table id="z088a881cb07840ac8ac8d71999c5751e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 13%"><b>Statement of</b></td>
<td style="WIDTH: 50%">&#160;</td>
<td style="WIDTH: 37%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">
<td>&#160;</td>
<td style="FONT-SIZE: 18pt; TEXT-ALIGN: left"><b>Assets and Liabilities</b></td>
<td><b>April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zf03e7d065fd947849405de78dc1fbfc5" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 60%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Assets</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long-term investments, at value (cost $4,698,914,162, $3,192,049,685 and $945,181,098, respectively)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">5,004,016,960</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">3,414,147,597</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">970,973,643</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Short-term investments, at value (cost $&#8212;, $2,350,000 and $3,090,563, respectively)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,343,208</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,110,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cash</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15,145,160</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">22,995,434</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Unrealized appreciation on interest rate swaps</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,512,258</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Receivable for:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Dividends and interest</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">69,809,947</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">52,108,327</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">19,950,194</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments sold</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">18,257,636</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">34,110,099</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10,824,509</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Shares sold</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">402,898</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Other assets</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,549,549</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,117,520</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">171,363</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 25.9pt; TEXT-INDENT: -8.65pt">Total assets</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,116,291,510</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,503,826,751</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,028,428,041</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt"><b>Liabilities</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cash overdraft</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,012,135</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Floating rate obligations</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">217,000,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">62,680,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">154,760,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Payable for:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Dividends</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13,959,802</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10,016,182</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,868,852</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments purchased</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">29,307,055</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12,294,401</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">8,213,084</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Institutional MuniFund Term Preferred (&#8216;iMTP&#8221;) Shares, net of deferred offering costs (liquidation preference $&#8212;, $150,000,000 and $&#8212;, respectively)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">149,870,009</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Variable Rate MuniFund Term Preferred (&#8220;VMTP&#8221;) Shares, net of deferred offering costs (liquidation preference $240,400,000, $336,000,000 and $87,000,000, respectively)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">240,386,902</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">335,963,835</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">86,981,086</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Variable Rate Demand Preferred (&#8220;VRDP&#8221;) Shares, net of deferred offering costs (liquidation preference $1,411,600,000, $727,000,000 and $&#8212;, respectively)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Accrued expenses:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,407,460,858</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">721,719,368</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Management fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,563,191</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,752,677</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">612,915</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Trustees fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">756,078</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">502,677</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">71,831</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Shelf offering costs</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">100,962</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Other</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">737,749</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">474,373</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">148,923</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 25.9pt; TEXT-INDENT: -8.65pt">Total liabilities</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,912,171,635</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,297,285,657</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">254,757,653</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: black 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net assets applicable to common shares</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">3,204,119,875</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">2,206,541,094</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">773,670,388</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Common shares outstanding</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">202,552,895</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">142,125,906</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">59,124,146</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net asset value (&#8220;NAV&#8221;) per common share outstanding</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">15.82</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">15.53</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">13.09</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Net assets applicable to common shares consist of:</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Common shares, $0.01 par value per share</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">2,025,529</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">1,421,259</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">591,241</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Paid-in surplus</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,906,473,471</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,009,653,483</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">780,336,015</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Undistributed (Over-distribution of) net investment income</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,497,689</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6,535,880</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,340,725</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Accumulated net realized gain (loss)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(24,491,870</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(33,160,648</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(35,409,575</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net unrealized appreciation (depreciation)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">312,615,056</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">222,091,120</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,811,982</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net assets applicable to common shares</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3,204,119,875</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2,206,541,094</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">773,670,388</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Authorized shares:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Common</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">Unlimited</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">Unlimited</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">Unlimited</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Preferred</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">Unlimited</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">Unlimited</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">Unlimited</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 0px">See accompanying notes to financial statements.</p>

<p style="TEXT-ALIGN: right; FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zebb7581f31a041259eebae65bd9a5e5d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="TEXT-ALIGN: center; WIDTH: 12%">120</td>
<td style="WIDTH: 88%">NUVEEN</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z49c31762b8e243a98657f26341c7becb" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 14%"><b>Statement of</b></td>
<td style="WIDTH: 47%">&#160;</td>
<td style="WIDTH: 39%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 18pt"><b>Operations</b></td>
<td style="TEXT-ALIGN: right"><b>Six Months Ended April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z91b5bf71adb446699616f1d30eea3357" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 60%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Investment Income</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">117,145,556</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">85,860,675</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">29,371,913</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Expenses</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Management fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15,448,106</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10,615,210</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,633,406</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Interest expense and amortization of offering costs</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10,989,901</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,673,364</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,605,956</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Liquidity fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4,480,422</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,431,658</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Remarketing fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">529,224</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">365,519</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Custodian fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">255,571</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">193,936</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">66,907</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Trustees fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">74,968</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">52,517</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12,929</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Professional fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">121,284</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">102,517</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">77,595</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Shareholder reporting expenses</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">167,268</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">120,399</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">42,520</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Shareholder servicing agent fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">76,302</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">47,234</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9,049</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Stock exchange listing fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">22,500</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">17,198</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,636</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Investor relations expenses</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">218,857</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">151,231</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">39,145</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Other</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">123,838</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">124,528</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">26,400</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total expenses before expense reimbursement</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">32,508,241</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">22,895,311</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5,521,543</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Expense reimbursement</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(402,784</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(274,041</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net expenses</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">32,105,457</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">22,621,270</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">5,521,543</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net investment income (loss)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">85,040,099</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">63,239,405</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">23,850,370</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Realized and Unrealized Gain (Loss)</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net realized gain (loss) from:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(5,269,402</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(4,729,750</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,697,560</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Swaps</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(42,922</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Change in net unrealized appreciation (depreciation) of:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(157,347,682</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(109,796,270</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(36,002,377</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Swaps</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,540,035</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net realized and unrealized gain (loss)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(156,119,971</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(114,526,020</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(34,304,817</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net increase (decrease) in net assets applicable to common shares from operations</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(71,079,872</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(51,286,615</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(10,454,447</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">121</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z6871919026284641830e04846ce68bce" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 16%"><b>Statement of</b></td>
<td style="WIDTH: 65%">&#160;</td>
<td style="WIDTH: 19%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 18pt"><b>Changes in Net Assets</b></td>
<td style="TEXT-ALIGN: right">(Unaudited)</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z2c67033eea1d4c8ea9ca803c476caf23" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NVG</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NZF</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-LEFT: 8.65pt; WIDTH: 33%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%"><b>Year</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%"><b>Year</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%"><b>Year</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Operations</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net investment income (loss)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">85,040,099</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">104,225,080</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">63,239,405</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">80,558,669</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">23,850,370</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">47,277,322</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net realized gain (loss) from:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(5,269,402</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">20,447,922</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(4,729,750</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6,482,506</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,697,560</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,958,045</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Swaps</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(42,922</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(3,651,881</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Change in net unrealized appreciation</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">(depreciation) of:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(157,347,682</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(22,499,538</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(109,796,270</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1,079,635</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(36,002,377</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(330,726</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Swaps</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">6,540,035</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,631,191</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net increase (decrease) in net assets applicable to common shares from operations</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(71,079,872</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">101,152,774</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(51,286,615</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">85,961,540</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(10,454,447</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">48,904,641</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Distributions to Common Shareholders</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">From net investment income</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(89,042,251</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(105,497,722</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(63,672,404</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(85,863,073</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(23,938,571</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(49,264,954</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">From accumulated net realized gains</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(5,914,545</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(759,429</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(255,827</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Decrease in net assets applicable to common shares from distributions to common shareholders</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(94,956,796</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(106,257,151</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(63,928,231</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(85,863,073</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(23,938,571</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(49,264,954</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Capital Share Transactions</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Common shares:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Issued in the reorganizations</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,948,156,846</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,749,867,827</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Proceeds from shelf offering, net of offering costs</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">19,138,860</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">103,621,513</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: black 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net proceeds from shares issued to shareholders due to reinvestment of distributions</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">347,070</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right">1,206,944</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net increase (decrease) in net assets applicable to common shares from capital share transactions</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,948,156,846</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,749,867,827</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">19,485,930</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">104,828,457</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net increase (decrease) in net assets applicable to common shares</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(166,036,668</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,943,052,469</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(115,214,846</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,749,966,294</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(14,907,088</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">104,468,144</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net assets applicable to common shares at the beginning of period</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,370,156,543</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">427,104,074</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,321,755,940</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">571,789,646</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">788,577,476</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">684,109,332</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: black 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net assets applicable to common shares at the end of period</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">3,204,119,875</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">3,370,156,543</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">2,206,541,094</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">2,321,755,940</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">773,670,388</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid">$</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right">788,577,476</td>
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Undistributed (Over-distribution of) net investment income at the end of period</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">7,497,689</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">11,499,841</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">6,535,880</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">6,968,879</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2,340,725</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2,428,926</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; FONT: 10pt Arial; MARGIN: 8pt 0px 0px"></p>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">122</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za95ac086238b48dd8a0a8b85af2fd806" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 14%"><b>Statement of</b></td>
<td style="WIDTH: 48%">&#160;</td>
<td style="WIDTH: 38%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="FONT-SIZE: 18pt"><b>Cash Flows</b></td>
<td style="TEXT-ALIGN: right"><b>Six Months Ended April 30, 2017 </b>(Unaudited)</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zae6500d147e0422583b82ac3434a5adf" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 60%; TEXT-INDENT: -8.65pt">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Cash Flows from Operating Activities:</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Net Increase (Decrease) in Net Assets Applicable to Common Shares from Operations</b></td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(71,079,872</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(51,286,615</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(10,454,447</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Adjustments to reconcile the net increase (decrease) in net assets applicable to common shares from operations to net cash provided by (used in) operating activities:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Purchases of investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(585,283,425</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(477,500,847</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(60,081,207</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Proceeds from sales and maturities of investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">601,273,591</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">507,701,961</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">50,419,602</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Proceeds from (Purchases of) short-term investments, net</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(3,090,563</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Proceeds from (Payments for) swap contracts, net</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(42,922</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Payment-in-kind distributions</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(59,047</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(267,968</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Taxes paid</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(198,146</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(13,624</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1,678</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Amortization (Accretion) of premiums and discounts, net</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(5,760,735</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(7,431,778</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">168,955</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Amortization of deferred offering costs</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">95,592</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">275,210</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,475</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">(Increase) Decrease in:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Cash collateral at brokers</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">628,096</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Receivable for dividends and interest</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(71,696</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(629,844</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(412,286</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Receivable for investments sold</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(3,595,657</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(2,114,462</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5,485</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Other assets</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(58,421</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(32,399</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">32,211</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Increase (Decrease) in:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Payable for interest</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(376,552</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(534,968</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(131,803</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Payable for investments purchased</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5,530,193</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,806,799</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">377,084</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Payable for variation margin on swap contracts</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(14,690</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Accrued management fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(61,766</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(67,056</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(38,611</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Accrued Trustees fees</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(25,992</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(17,355</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(889</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Accrued other expenses</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">53,459</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(50,249</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(72,048</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net realized (gain) loss from:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5,269,402</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4,729,750</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1,697,560</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Swaps</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">42,922</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt">Change in net unrealized appreciation (depreciation) of:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Investments</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">157,347,682</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">109,796,270</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">36,002,377</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Swaps<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">(1)</sup></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(5,938,427</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net cash provided by (used in) operating activities</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">97,732,636</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">84,571,746</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">10,764,129</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Cash Flows from Financing Activities:</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Proceeds from borrowings</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">51,000,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Repayments of borrowings</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(71,000,000</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Proceeds from shelf offering, net of offering costs</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">18,735,962</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Increase (Decrease) in:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Cash overdraft</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,012,135</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1,344,989</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Floating rate obligations</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,940,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(22,481,000</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">18,500,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Accrued shelf offering costs</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(39,038</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cash distributions paid to common shareholders</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(95,605,109</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(64,209,687</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(23,620,630</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Net cash provided by (used in) financing activities</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(107,665,109</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(84,678,552</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">12,231,305</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Net Increase (Decrease) in Cash</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(9,932,473</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(106,806</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">22,995,434</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cash at the beginning of period</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">25,077,633</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">106,806</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cash at the end of period</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">15,145,160</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">22,995,434</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>Supplemental Disclosure of Cash Flow Information</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Cash paid for interest (excluding amortization of offering costs)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">10,770,862</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">7,933,123</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">1,730,284</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Non-cash financing activities not included herein consists of reinvestments of common share distributions</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">347,070</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zb863fbbf34a249a8aea6864be8637f7d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(1) </td>
<td style="WIDTH: 95%">Excluding over-the-counter cleared swaps.</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">123</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z483f5321ad4b4dc98d0653b77a098e41" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 13%"><b>Financial</b></td>
<td style="WIDTH: 87%"></td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td><font style="FONT-SIZE: 18pt"><b>Highlights</b></font><b> </b>(Unaudited)</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Selected data for a common share outstanding throughout each period:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z6f0d2d9212fd4370ae2a862d97174658" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Less Distributions to</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="11"><b>Investment Operations</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="8"><b>Common Shareholders</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="11"><b>Common Share</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 11%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Discount</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Discount</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>From</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Beginning</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>From</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Accumulated</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Repurchased</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Common</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Realized/</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Repurchased</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>through</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Ending</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Income</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Unrealized</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Realized</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>and</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Tender</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Ending</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>NAV</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(Loss</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Gain (Loss</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Total</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Income</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Gains</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Total</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Retired</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Offer</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>NAV</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Price</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td colspan="14">Year Ended 10/31:</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2017(f)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">16.64</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">0.42</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.77</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.35</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.44</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.03</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.47</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">15.82</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">14.83</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.73</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.77</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.50</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.86</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.03</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.89</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.64</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.05</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.24</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.77</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.13</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.64</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.75</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.10</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.85</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.05</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.62</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.71</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.72</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.43</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.70</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.07</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.77</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.01</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.03</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.24</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.14</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.33</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.60</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1.46</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.86</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.74</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.11</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.85</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.62</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12.75</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2012</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.82</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.42</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.24</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.90</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.04</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.94</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.33</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.82</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td colspan="14">Year Ended 10/31:</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2017(f)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.34</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.44</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.80</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.36</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.45</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.45</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.53</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.71</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.75</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.72</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.74</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.46</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.87</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.87</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.34</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.82</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.82</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.83</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.13</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.70</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.78</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.78</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.01</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.75</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.86</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.32</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.72</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.47</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.19</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.72</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.72</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.82</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.80</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.99</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.71</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1.63</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.92</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.75</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.75</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14.32</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12.66</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">14.53</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.78</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.67</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2.45</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(0.95</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(0.04</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(0.99</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">15.99</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">15.73</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z18654ee947dc481da96f17bf78ae4bc2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 4%">(a)</td>
<td style="WIDTH: 96%">
<p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px">Total Return Based on Common Share NAV is the combination of changes in common share NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund&#8217;s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized.</p>

<p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px">&#160;</p>
</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">124</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zac540d16440440ac8a709716654976eb" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="17"><b>Common Share Supplemental Data/</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="17"><b>Ratios Applicable to Common Shares</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 7%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 5%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 5%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="4"><b>Common Share</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>Ratios to Average Net Assets</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>Ratio to Average Net Assets</b></td>
<td style="TEXT-ALIGN: center">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="4"><b>Total Returns</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="5"><b>Before Reimbursement(b)</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>After Reimbursement(b)(c</b>)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Based</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Ending</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Based</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>on</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Portfolio</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>on</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Assets</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Turnover</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right"><b>NAV</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>(a)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Price</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>(a)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(000</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Expenses</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>(d)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Income (Loss</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Expenses</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>(d)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Income (Loss</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: black 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Rate</b></td>
<td style="BORDER-BOTTOM: black 2pt solid"><b>(e)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(2.02</td>
<td>)%</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.77</td>
<td>%</td>
<td>$</td>
<td style="TEXT-ALIGN: right">3,204,120</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.06</td>
<td>%**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.41</td>
<td>%**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.03 </td>
<td>%(g)**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.44</td>
<td>%(g)**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12</td>
<td>%</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9.40</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.46</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,370,157</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.81</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.87</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.75</td>
<td>(g)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.93</td>
<td>(g)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">21</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.04</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.53</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">427,104</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.50</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.81</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">26</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16.78</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">17.35</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">433,092</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.75</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.56</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(5.46</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(14.46</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">434,851</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.87</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">32</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.30</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">17.44</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">486,750</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.08</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.17</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.05</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.20</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">29</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(2.11</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.41</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,206,541</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.12</td>
<td>**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.83</td>
<td>**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.09 </td>
<td>(g)**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.86 </td>
<td>(g)**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9.36</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.26</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,321,756</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.86</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.81</td>
<td>(g)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.08</td>
<td>(g)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">20</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.57</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6.21</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">571,790</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.48</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5.24</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">26</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.90</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">15.07</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">574,721</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.73</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.78</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(5.93</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(15.08</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">578,508</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.71</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4.66</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: black 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">17.33</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">18.48</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">645,993</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.76</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">5.06</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">N/A</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">N/A</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">22</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z9bac824219dc45bcb4b8c95f866cac36" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 4%">(b)</td>
<td style="WIDTH: 96%">Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to preferred shares issued by the Fund.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(c)</td>
<td>After expense reimbursement from the Adviser, where applicable. As of March 31, 2012, the Adviser is no longer contractually reimbursing NVG for any fees or expenses. </td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(d)</td>
<td>The expense ratios reflect, among other things, all interest expense and other costs related to preferred shares (as described in Note 4 &#8211; Fund Shares, Preferred Shares) and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund (as described in Note 3 &#8211; Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities), where applicable, as follows:</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px"></p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

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<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 86%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 4%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Year Ended 10/31:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2017(f)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.00</td>
<td>%**</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.78</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.46</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.75</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.06</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.05</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="za296cfd7a0274e79876e396f2aa6b1a2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 86%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 7%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 4%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Year Ended 10/31:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2017(f)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.06</td>
<td>%**</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.84</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.46</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.72</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.75</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.77</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z9f3dbfd417294e7a9685efb9e7adf759" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(e)</td>
<td style="WIDTH: 95%">Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 &#8211; Investment Transactions) divided by the average long-term market value during the period.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(f)</td>
<td>For the six months ended April 30, 2017.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(g)</td>
<td>During the six months ended April 30, 2017 and the fiscal year ended October 31, 2016, the Adviser voluntarily reimbursed the Fund for certain expenses incurred in connection with its reorganization as described in Note 7 &#8211; Management Fees and Other Transactions with Affiliates.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>N/A</td>
<td>Fund does not have or no longer has a contractual reimbursement with the Adviser.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>*</td>
<td>Rounds to less than $0.01 per share.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>**</td>
<td>Annualized.</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">125</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Financial Highlights </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Selected data for a common share outstanding throughout each period:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z76016a532d4041e2be4409c1a4d63018" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Less Distributions to</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="8"><b>Investment Operations</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="8"><b>Common Shareholders</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="11"><b>Common Share</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 11%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 6%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Premium</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Per</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>From</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Share</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Beginning</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>From</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Accumulated</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Sold</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Common</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Realized/</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>through</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Shelf</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Ending</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Income</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Unrealized</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Realized</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Shelf</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Offering</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Ending</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>NAV</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(Loss</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Gain (Loss</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Total</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Income</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Gains</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Total</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Offering</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Costs</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>NAV</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Price</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td colspan="8">Year Ended 10/31:</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2017(f)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">13.68</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">0.41</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.59</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.18</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.41</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(0.41</td>
<td>)</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">13.09</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">13.22</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.66</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.86</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.04</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.90</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.91</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.91</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.03</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.68</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.32</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.71</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.91</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.04</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.87</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.92</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.92</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.66</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.76</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12.36</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.93</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.33</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.26</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.91</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.91</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.71</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.21</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13.45</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.94</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1.20</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.26</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.88</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(0.88</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">0.05</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>*</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">12.36</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">11.99</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">11.59</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.91</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.78</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2.69</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(0.90</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(0.90</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.07</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">*</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">13.45</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">14.22</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z685664a29f4943d7b76a22343f8c0d04" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(a)</td>
<td style="WIDTH: 95%">
<p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px">Total Return Based on Common Share NAV is the combination of changes in common share NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund&#8217;s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized.</p>

<p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px">&#160;</p>
</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">126</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z53958932cea1410aa3d44f44d0f84739" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="17"><b>Common Share Supplemental Data/</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="17"><b>Ratios Applicable to Common Shares</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 9%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>Common Share</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>Ratios to Average Net Assets</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>Ratios to Average Net Assets</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>Total Returns</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>Before Reimbursement(b)</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>After Reimbursement(b)(c</b>)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Based</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Ending</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Based</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>on</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Portfolio</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>on</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Assets</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Investment</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Turnover</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>NAV</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>(a)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Price</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>(a)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Expenses</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>(d)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Income (Loss</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Expenses</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>(d)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Income (Loss</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Rate</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>(e)</b></td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1.22</td>
<td>)%</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.46</td>
<td>%</td>
<td>$</td>
<td style="TEXT-ALIGN: right">773,670</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.48</td>
<td>%**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6.38</td>
<td>%**</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5</td>
<td>%</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6.91</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.34</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">788,577</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.28</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6.27</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">11</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6.54</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">11.49</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">684,109</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.25</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6.64</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">18.90</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">18.31</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">686,299</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.28</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7.14</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(1.71</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(9.71</td>
<td>)</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">618,394</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1.28</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7.34</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">N/A</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">16</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">24.55</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">29.84</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">402,573</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.42</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">7.31</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.41</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">7.32</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">12</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z1ad0395fb75c45a3971cfd8831ae1da1" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 4%">(b)</td>
<td style="WIDTH: 96%">Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to preferred shares issued by the Fund.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(c)</td>
<td>After expense reimbursement from the Adviser, where applicable. As of November 30, 2011, the Adviser is no longer contractually reimbursing NMZ for any fees and expenses. </td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(d)</td>
<td>The expense ratios reflect, among other things, all interest expense and other costs related to preferred shares (as described in Note 4 &#8211; Fund Shares, Preferred Shares) and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund (as described in Note 3 &#8211; Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities), where applicable, as follows:</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;&#160;</p>

<table id="z97cc6165b8b64ee59f54ede2e5a23989" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 62.64%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 15.37%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 19.64%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="WIDTH: 62.64%">Year Ended 10/31:</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15.37%">&#160;</td>
<td style="WIDTH: 19.64%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="WIDTH: 62.64%">2017(f)</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15.37%">0.43</td>
<td style="WIDTH: 19.64%">%**</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="WIDTH: 62.64%">2016</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15.37%">0.24</td>
<td style="WIDTH: 19.64%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="WIDTH: 62.64%">2015</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15.37%">0.17</td>
<td style="WIDTH: 19.64%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="WIDTH: 62.64%">2014</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15.37%">0.19</td>
<td style="WIDTH: 19.64%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="WIDTH: 62.64%">2013</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15.37%">0.20</td>
<td style="WIDTH: 19.64%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 62.64%">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 15.37%">0.21</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 19.64%">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z802e9cdc32924181905e5acaec08a2a2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(e)</td>
<td style="WIDTH: 95%">Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 &#8211; Investment Transactions) divided by the average long-term market value during the period.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>(f)</td>
<td>For the six months ended April 30, 2017.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>N/A</td>
<td>Fund no longer has a contractual reimbursement agreement with the Adviser.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>*</td>
<td>Rounds to less than $0.01 per share.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>**</td>
<td>Annualized.</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">127</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Financial Highlights </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z2e56559c802f45db94ee9bc5df8711e4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 8pt; WIDTH: 15%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 7%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 10%">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="2"><b>iMTP, MTP</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="2"><b>VMTP and /or</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="2"><b>VRDP Shares</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>iMTP Shares</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>MTP Shares</b></td>
<td style="TEXT-ALIGN: center">&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>VMTP Shares</b></td>
<td style="TEXT-ALIGN: center">&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>VRDP Shares</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="2"><b>at the End</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>at the End of Period</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>at the End of Period (a)</b></td>
<td style="TEXT-ALIGN: center">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>at the End of Period</b></td>
<td style="TEXT-ALIGN: center">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>at the End of Period</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="2"><b>of the Period</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Asset</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Aggregate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Aggregate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Aggregate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Asset</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Aggregate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Asset</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Aggregate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Asset</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Coverage</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Amount</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Coverage</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Amount</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Coverage</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Amount</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Coverage</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Amount</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Coverage</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per $1</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Outstanding</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per $5,000</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Outstanding</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per $10</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Outstanding</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per $100,000</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Outstanding</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Per $100,000</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Liquidation</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Share</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right" colspan="2"><b>Preference</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Year Ended 10/31:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2017(b)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">240,400</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">293,954</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">1,411,600</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">293,954</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">2.94</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">240,400</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">304,005</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,411,600</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">304,005</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.04</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">179,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">338,606</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">179,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">341,951</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">108,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">31.69</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">92,500</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">316,883</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.17</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2012</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">108,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">34.28</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">92,500</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">342,768</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.43</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Year Ended 10/31:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2017(b)</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">150,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14,095</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">336,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">281,908</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">727,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">281,908</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.82</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">150,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">14,570</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">336,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">291,406</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">727,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">291,406</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2.91</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">150,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">17,376</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">81,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">347,528</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.48</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">150,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">17,440</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">81,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">348,797</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.49</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">70,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">34.19</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">169,200</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">341,851</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3.42</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">70,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">37.01</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">169,200</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">370,064</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3.70</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z292fab9430344a8ab9d3b66a68f92f24" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(a)</td>
<td style="WIDTH: 95%">The Ending and Average Market Value Per Share for each Series of the Fund&#8217;s MTP Shares were as follows:</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zb3955b0800804926b1c0e237e3425323" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>2014</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>2013</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>2012</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td><b>Series 2014 (NVG PRCCL)</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Ending Market Value per Share</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">10.09</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">10.12</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Average Market Value per Share</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10.05</td>
<td>^</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10.11</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">10.16</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td><b>Series 2016 (NZF PRC)</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Ending Market Value per Share</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">10.10</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">10.14</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Average Market Value per Share</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">10.05</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">^^</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">10.10</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">10.12</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z087948decda9460aab17a507c44d041b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(b)</td>
<td style="WIDTH: 95%">For the six months ended April 30, 2017.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>^</td>
<td>For the period November 1, 2013 through December 23, 2013.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>^^</td>
<td>For the period November 1, 2013 through April 11, 2014.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">128</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z77d7c671e12b419cb16d10cf41d264df" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>VMTP Shares</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>Borrowings</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>at the End of Period</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>at the End of Period</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 47%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Aggregate</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Asset</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Aggregate</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Amount</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Coverage</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Amount</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Asset</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Outstanding</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Per $100,000</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Outstanding</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Coverage</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>Share</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>(000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>)</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right"><b>Per $1,000</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Year Ended 10/31:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2017(a)</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">87,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">989,276</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2016</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">87,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,006,411</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2015</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">87,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">886,333</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>2014</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">87,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">888,850</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>2013</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">87,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">810,798</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">2012</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">50,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">9,051</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z8528be124c2c420b853b289ee439cd16" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">(a)</td>
<td style="WIDTH: 95%">For the six months ended April 30, 2017.</td>
</tr>
</table>

<p style="TEXT-ALIGN: right; FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">See accompanying notes to financial statements.</p>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">129</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<p style="FONT: 10pt Arial; MARGIN: 0px"><font style="FONT-SIZE: 18pt"><b>Notes to Financial Statements </b></font>(Unaudited)</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">1. General Information and Significant Accounting Policies</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">General Information</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Fund Information</i><br>
 The funds covered in this report and their corresponding New York Stock Exchange (&#8220;NYSE&#8221;) symbols are as follows (each a &#8220;Fund&#8221; and collectively, the &#8220;Funds&#8221;):</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z8b8f1f8c47314ac7ba795aac2ebb5211" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#8226;</td>
<td style="WIDTH: 97%">Nuveen AMT-Free Municipal Credit Income Fund (NVG)</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#8226;</td>
<td>Nuveen Municipal Credit Income Fund (NZF) </td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#8226;</td>
<td>Nuveen Municipal High Income Opportunity Fund (NMZ)</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Funds are registered under the Investment Company Act of 1940, as amended, as diversified closed-end management investment companies. Common shares of each Fund are traded on the NYSE. NVG, NZF and NMZ were organized as Massachusetts business trusts on July 12, 1999, March 21, 2001 and October 8, 2003, respectively.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The end of the reporting period for the Funds is April 30, 2017, and the period covered by these Notes to Financial Statements is the six months ended April 30, 2017 (the &#8220;current fiscal period&#8221;).</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Investment Adviser</i><br>
 The Funds&#8217; investment adviser is Nuveen Fund Advisors, LLC (the &#8220;Adviser&#8221;), a subsidiary of Nuveen, LLC (&#8220;Nuveen&#8221;). Nuveen is the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). The Adviser has overall responsibility for management of the Funds, oversees the management of the Funds&#8217; portfolios, manages the Funds&#8217; business affairs and provides certain clerical, bookkeeping and other administrative services, and, if necessary, asset allocation decisions. The Adviser has entered into sub-advisory agreements with Nuveen Asset Management, LLC (the &#8220;Sub-Adviser&#8221;), a subsidiary of the Adviser, under which the Sub-Adviser manages the investment portfolios of the Funds.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Investment Objectives and Principal Investment Strategies</i><br>
 Each Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain U.S. territories.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Significant Accounting Policies</b><br>
 Each Fund is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, &#8220;Financial Services-Investment Companies.&#8221; The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements in accordance with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;).</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Investment Transactions</i><br>
 Investment transactions are recorded on a trade date basis. Realized gains and losses from investment transactions are determined on the specific identification method, which is the same basis used for federal income tax purposes. Investments purchased on a when-issued/delayed delivery basis may have extended settlement periods. Any investments so purchased are subject to market fluctuation during this period. The Funds have earmarked securities in their portfolios with a current value at least equal to the amount of the when-issued/delayed delivery purchase commitments.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of the end of the reporting period, the Funds&#8217; outstanding when-issued/delayed delivery purchase commitments were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="ze21828feaa31453ebe04a6853268a997" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Outstanding when-issued/delayed delivery purchase commitments</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">27,349,643</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">12,294,401</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1,021,801</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">130</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Investment Income</i><br>
 Dividend Income is recorded on the ex-dividend date. Investment income, which reflects the amortization of premiums and accretion of discounts for financial reporting purposes, is recorded on an accrual basis. Investment income also reflects paydown gains and losses, if any.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Professional Fees</i><br>
 Professional fees presented on the Statement of Operations consist of legal fees incurred in the normal course of operations, audit fees, tax consulting fees and, in some cases, workout expenditures. Workout expenditures are incurred in an attempt to protect or enhance an investment or to pursue other claims or legal actions on behalf of Fund shareholders. If a refund is received for workout expenditures paid in a prior reporting period, such amounts will be recognized as &#8220;Legal fee refund&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Dividends and Distributions to Common Shareholders</i><br>
 Dividends from net investment income, if any, are declared monthly. Net realized capital gains and/or market discount from investment transactions, if any, are distributed to shareholders at least annually. Furthermore, capital gains are distributed only to the extent they exceed available capital loss carryforwards.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Distributions to common shareholders of net investment income, net realized capital gains and/or market discount, if any, are recorded on the ex-dividend date. The amount and timing of distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Compensation</i><br>
 The Fund pays no compensation directly to those of its trustees who are affiliated with the Adviser or to its officers, all of whom receive remuneration for their services to the Fund from the Adviser or its affiliates. The Funds&#8217; Board of Trustees (the &#8220;Board&#8221;) has adopted a deferred compensation plan for independent trustees that enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from certain Nuveen-advised funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in shares of select Nuveen-advised funds.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Indemnifications</i><br>
 Under the Funds&#8217; organizational documents, their officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, in the normal course of business, the Funds enter into contracts that provide general indemnifications to other parties. The Funds&#8217; maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Netting Agreements</i><br>
 In the ordinary course of business, the Funds may enter into transactions subject to enforceable International Swaps and Derivative Association, Inc. (&#8220;ISDA&#8221;) master agreements or other similar arrangements (&#8220;netting agreements&#8221;). Generally, the right to offset in netting agreements allows each Fund to offset certain securities and derivatives with a specific counterparty, when applicable, as well as any collateral received or delivered to that counterparty based on the terms of the agreements. Generally, each Fund manages its cash collateral and securities collateral on a counterparty basis. </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Funds&#8217; investments subject to netting agreements as of the end of the reporting period, if any, are further described in Note 3 &#8211; Portfolio Securities and Investments in Derivatives.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Use of Estimates</i><br>
 The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets applicable to common shares from operations during the current fiscal period. Actual results may differ from those estimates.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">2. Investment Valuation and Fair Value Measurements</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The fair valuation input levels as described below are for fair value measurement purposes.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy 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 the reporting entity&#8217;s own assumptions about the assumptions market</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">131</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">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.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zc3c15faf833247f192f72294d7b6271b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">Level 1 &#8211;&#160;</td>
<td style="WIDTH: 85%">Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">Level 2 &#8211;&#160;</td>
<td>Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="TEXT-ALIGN: right">Level 3 &#8211;&#160; </td>
<td>Prices are determined using significant unobservable inputs (including management&#8217;s assumptions in determining the fair value of investments).</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px"></p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Prices of fixed income securities are provided by an independent pricing service (&#8220;pricing service&#8221;) approved by the Board. The pricing service establishes a security&#8217;s fair value using methods that may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor&#8217;s credit characteristics considered relevant. These securities are generally classified as Level 2. In pricing certain securities, particularly less liquid and lower quality securities, the pricing service may consider information about a security, its issuer or market activity, provided by the Adviser. These securities are generally classified as Level 2 or Level 3 depending on the observability of the significant inputs.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Prices of swap contracts are also provided by a pricing service approved by the Board using the same methods as described above and are generally classified as Level 2.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Investments in investment companies are valued at their respective net asset value (&#8220;NAV&#8221;) on valuation date and are generally classified as Level 1.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Common stocks and other equity-type securities are valued at the last sales price on the securities exchange on which such securities are primarily traded and are generally classified as Level 1. Securities primarily traded on the NASDAQ National Market (&#8220;NASDAQ&#8221;) are valued at the NASDAQ Official Closing Price and are generally classified as Level 1. However, securities traded on a securities exchange or NASDAQ for which there were no transactions on a given day or securities not listed on a securities exchange or NASDAQ are valued at the quoted bid price and are generally classified as Level 2.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Certain securities may not be able to be priced by the pre-established pricing methods as described above. Such securities may be valued by the Board and/or its appointee at fair value. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933, as amended) for which a pricing service is unable to provide a market price; securities whose trading has been formally suspended; debt securities that have gone into default and for which there is no current market quotation; a security whose market price is not available from a pre-established pricing source; a security with respect to which an event has occurred that is likely to materially affect the value of the security after the market has closed but before the calculation of a Fund&#8217;s NAV (as may be the case in non-U.S. markets on which the security is primarily traded) or make it difficult or impossible to obtain a reliable market quotation; and a security whose price, as provided by the pricing service, is not deemed to reflect the security&#8217;s fair value. As a general principle, the fair value of a security would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor&#8217;s credit characteristics considered relevant. These securities are generally classified as Level 2 or Level 3 depending on the observability of the significant inputs. Regardless of the method employed to value a particular security, all valuations are subject to review by the Board and/or its appointee.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of each Fund&#8217;s fair value measurements as of the end of the reporting period:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zee11a090a46147758646dbd870a20dc5" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 44%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Level 1</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Level 2</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Level 3</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 5%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Total</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Long-Term Investments:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Municipal Bonds*</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">5,003,047,209</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">5,003,047,209</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Corporate Bonds**</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">969,751</td>
<td>****</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">969,751</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Investments in Derivatives:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Interest Rate Swaps***</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,512,258</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,512,258</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">5,010,559,467</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">969,751</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">5,011,529,218</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">132</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="zbb95fbec35914f8ab6b0528683a6614b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; WIDTH: 44%; TEXT-INDENT: -8.65pt"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Level 1</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Level 2</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Level 3</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 5%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Total</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long-Term Investments:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Municipal Bonds*</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">3,410,101,349</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">3,410,101,349</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Corporate Bonds**</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">450,037</td>
<td>****</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">450,037</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Investment Companies</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,596,211</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,596,211</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Short-Term investments:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Municipal Bonds*</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,343,208</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2,343,208</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3,596,211</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3,412,444,557</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">450,037</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3,416,490,805</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Long-Term Investments:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Municipal Bonds*</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">950,827,020</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">510,016</td>
<td>****</td>
<td>$</td>
<td style="TEXT-ALIGN: right">951,337,036</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Common Stocks**</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9,696,647</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9,696,647</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Corporate Bonds**</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9,919,656</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">20,304</td>
<td>****</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9,939,960</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Short-Term investments:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Municipal Bonds*</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,110,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,110,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">9,696,647</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">963,856,676</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">530,320</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">974,083,643</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z358d39a1b51b4e19a0d2e623e1ae732f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">*</td>
<td style="WIDTH: 95%">Refer to the Fund&#8217;s Portfolio of Investments for state classifications.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>**</td>
<td>Refer to the Fund&#8217;s Portfolio of Investments for industry classifications.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>***</td>
<td>Represents net unrealized appreciation (depreciation) as reported in the Fund&#8217;s Portfolio of Investments. </td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>****</td>
<td>Refer to the Fund&#8217;s Portfolio of Investments for securities classified as Level 3.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Board is responsible for the valuation process and has appointed the oversight of the daily valuation process to the Adviser&#8217;s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board, is responsible for making fair value determinations, evaluating the effectiveness of the Funds&#8217; pricing policies and reporting to the Board. The Valuation Committee is aided in its efforts by the Adviser&#8217;s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the Funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making a fair value determination, based on the facts and circumstances specific to the portfolio instrument. Fair value determinations generally will be derived as follows, using public or private market information:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z5e26108d27c847dabb215d3104b83aa2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">&#160;</td>
<td style="WIDTH: 3%">(i)</td>
<td style="WIDTH: 92%">If available, fair value determinations shall be derived by extrapolating from recent transactions or quoted prices for identical or comparable securities.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>(ii)</td>
<td>If such information is not available, an analytical valuation methodology may be used based on other available information including, but not limited to: analyst appraisals, research reports, corporate action information, issuer financial statements and shelf registration statements. Such analytical valuation methodologies may include, but are not limited to: multiple of earnings, discount from market value of a similar freely-traded security, discounted cash flow analysis, book value or a multiple thereof, risk premium/yield analysis, yield to maturity and/or fundamental investment analysis.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The purchase price of a portfolio instrument will be used to fair value the instrument only if no other valuation methodology is available or deemed appropriate, and it is determined that the purchase price fairly reflects the instrument&#8217;s current value.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">133</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">3. Portfolio Securities and Investments in Derivatives</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Portfolio Securities</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Inverse Floating Rate Securities</i><br>
 Each Fund is authorized to invest in inverse floating rate securities. An inverse floating rate security is created by depositing a municipal bond (referred to as an &#8220;Underlying Bond&#8221;), typically with a fixed interest rate, into a special purpose tender option bond (&#8220;TOB&#8221;) trust (referred to as the &#8220;TOB Trust&#8221;) created by or at the direction of one or more Funds. In turn, the TOB Trust issues (a) floating rate certificates (referred to as &#8220;Floaters&#8221;) in face amounts equal to some fraction of the Underlying Bond&#8217;s par amount or market value, and (b) an inverse floating rate certificate (referred to as an &#8220;Inverse Floater&#8221;) that represents all remaining or residual interest in the TOB Trust. Floaters typically pay short-term tax-exempt interest rates to third parties who are also provided a right to tender their certificate and receive its par value, which may be paid from the proceeds of a remarketing of the Floaters, by a loan to the TOB Trust from a third party liquidity provider (&#8220;Liquidity Provider&#8221;), or by the sale of assets from the TOB Trust. The Inverse Floater is issued to a long term investor, such as one or more of the Funds. The income received by the Inverse Floater holder varies inversely with the short-term rate paid to holders of the Floaters, and in most circumstances the Inverse Floater holder bears substantially all of the Underlying Bond&#8217;s downside investment risk and also benefits disproportionately from any potential appreciation of the Underlying Bond&#8217;s value. The value of an Inverse Floater will be more volatile than that of the Underlying Bond because the interest rate is dependent on not only the fixed coupon rate of the Underlying Bond but also on the short-term interest paid on the Floaters, and because the Inverse Floater essentially bears the risk of loss (and possible gain) of the greater face value of the Underlying Bond.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Inverse Floater held by a Fund gives the Fund the right to (a) cause the holders of the Floaters to tender their certificates at par (or slightly more than par in certain circumstances), and (b) have the trustee of the TOB Trust (the &#8220;Trustee&#8221;) transfer the Underlying Bond held by the TOB Trust to the Fund, thereby collapsing the TOB Trust.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Fund may acquire an Inverse Floater in a transaction where it (a) transfers an Underlying Bond that it owns to a TOB Trust created by a third party or (b) transfers an Underlying Bond that it owns, or that it has purchased in a secondary market transaction for the purpose of creating an Inverse Floater, to a TOB Trust created at its direction, and in return receives the Inverse Floater of the TOB Trust (referred to as a &#8220;self-deposited Inverse Floater&#8221;). A Fund may also purchase an Inverse Floater in a secondary market transaction from a third party creator of the TOB Trust without first owning the Underlying Bond (referred to as an &#8220;externally-deposited Inverse Floater&#8221;).</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">An investment in a self-deposited Inverse Floater is accounted for as a &#8220;financing&#8221; transaction (i.e., a secured borrowing). For a self-deposited Inverse Floater, the Underlying Bond deposited into the TOB Trust is identified in the Fund&#8217;s Portfolio of Investments as &#8220;(UB) &#8211; Underlying bond of an inverse floating rate trust reflected as a financing transaction,&#8221; with the Fund recognizing as liabilities, labeled &#8220;Floating rate obligations&#8221; on the Statement of Assets and Liabilities, (a) the liquidation value of Floaters issued by the TOB Trust, and (b) the amount of any borrowings by the TOB Trust from a Liquidity Provider to enable the TOB Trust to purchase outstanding Floaters in lieu of a remarketing. In addition, the Fund recognizes in &#8220;Investment Income&#8221; the entire earnings of the Underlying Bond, and recognizes (a) the interest paid to the holders of the Floaters or on the TOB Trust&#8217;s borrowings, and (b) other expenses related to remarketing, administration, trustee, liquidity and other services to a TOB Trust, as a component of &#8220;Interest expense and amortization of offering costs&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">In contrast, an investment in an externally-deposited Inverse Floater is accounted for as a purchase of the Inverse Floater and is identified in the Fund&#8217;s Portfolio of Investments as &#8220;(IF) &#8211; Inverse floating rate investment.&#8221; For an externally-deposited Inverse Floater, a Fund&#8217;s Statement of Assets and Liabilities recognizes the Inverse Floater and not the Underlying Bond as an asset, and the Fund does not recognize the Floaters, or any related borrowings from a Liquidity Provider, as a liability. Additionally, the Fund reflects in &#8220;Investment Income&#8221; only the net amount of earnings on the Inverse Floater (net of the interest paid to the holders of the Floaters or the Liquidity Provider as lender, and the expenses of the Trust), and does not show the amount of that interest paid or the expenses of the TOB Trust as described above as interest expense on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Fees paid upon the creation of a TOB Trust for self-deposited Inverse Floaters and externally-deposited Inverse Floaters are recognized as part of the cost basis of the Inverse Floater and are capitalized over the term of the TOB Trust.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of the end of the reporting period, the aggregate value of Floaters issued by each Fund&#8217;s TOB Trust for self-deposited Inverse Floaters and externally-deposited Inverse Floaters was as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="ze9564ef975d741a694c623929870490d" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>Floating Rate Obligations Outstanding</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Floating rate obligations: self-deposited Inverse Floaters</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">217,000,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">62,680,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">154,760,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid">Floating rate obligations: externally-deposited Inverse Floaters</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">161,842,500</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">58,345,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">163,450,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">378,842,500</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">121,025,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">318,210,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">134</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the current fiscal period, the average amount of Floaters (including any borrowings from a Liquidity Provider) outstanding, and the average annual interest rate and fees related to self-deposited Inverse Floaters, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z24b58a78092c493d8c25d5152a44c3de" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>Self-Deposited Inverse Floaters</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Average floating rate obligations outstanding</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">207,483,674</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">70,348,481</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">145,976,492</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Average annual interest rate and fees</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.29</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.26</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.26</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">TOB Trusts are supported by a liquidity facility provided by a Liquidity Provider pursuant to which the Liquidity Provider agrees, in the event that Floaters are (a) tendered to the Trustee for remarketing and the remarketing does not occur, or (b) subject to mandatory tender pursuant to the terms of the TOB Trust agreement, to either purchase Floaters or to provide the Trustee with an advance from a loan facility to fund the purchase of Floaters by the TOB Trust. In certain circumstances, the Liquidity Provider may otherwise elect to have the Trustee sell the Underlying Bond to retire the Floaters that were tendered and not remarketed prior to providing such a loan. In these circumstances, the Liquidity Provider remains obligated to provide a loan to the extent that the proceeds of the sale of the Underlying Bond are not sufficient to pay the purchase price of the Floaters.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The size of the commitment under the loan facility for a given TOB Trust is at least equal to the balance of that TOB Trust&#8217;s outstanding Floaters plus any accrued interest. In consideration of the loan facility, fee schedules are in place and are charged by the Liquidity Provider(s). Any loans made by the Liquidity Provider will be secured by the purchased Floaters held by the TOB Trust. Interest paid on any outstanding loan balances will be effectively borne by the Fund that owns the Inverse Floaters of the TOB Trust that has incurred the borrowing and may be at a rate that is greater than the rate that would have been paid had the Floaters been successfully remarketed.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As described above, any amounts outstanding under a liquidity facility are recognized as a component of &#8220;Floating rate obligations&#8221; on the Statement of Assets and Liabilities by the Fund holding the corresponding Inverse Floaters issued by the borrowing TOB Trust. As of the end of the reporting period, there were no loans outstanding under any such facility.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Each Fund may also enter into shortfall and forbearance agreements (sometimes referred to as a &#8220;recourse arrangement&#8221;) (TOB Trusts involving such agreements are referred to herein as &#8220;Recourse Trusts&#8221;), under which a Fund agrees to reimburse the Liquidity Provider for the Trust&#8217;s Floaters, in certain circumstances, for the amount (if any) by which the liquidation value of the Underlying Bond held by the TOB Trust may fall short of the sum of the liquidation value of the Floaters issued by the TOB Trust plus any amounts borrowed by the TOB Trust from the Liquidity Provider, plus any shortfalls in interest cash flows. Under these agreements, a Fund&#8217;s potential exposure to losses related to or on an Inverse Floater may increase beyond the value of the Inverse Floater as a Fund may potentially be liable to fulfill all amounts owed to holders of the Floaters or the Liquidity Provider. Any such shortfall amount in the aggregate is recognized as &#8220;Unrealized depreciation on Recourse Trusts&#8221; on the Statement of Assets and Liabilities. </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of the end of the reporting period, each Fund&#8217;s maximum exposure to the Floaters issued by Recourse Trusts for self-deposited Inverse Floaters and externally-deposited Inverse Floaters was as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z51eff2a2e7334c7ba49e45aafefc593b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>Floating Rate Obligations &#8211; Recourse Trusts</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">141,655,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">38,655,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">88,075,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid">Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">120,915,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">29,810,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">153,700,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">262,570,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">68,465,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">241,775,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Zero Coupon Securities</i><br>
 A zero coupon security does not pay a regular interest coupon to its holders during the life of the security. Income to the holder of the security comes from accretion of the difference between the original purchase price of the security at issuance and the par value of the security at maturity and is effectively paid at maturity. The market prices of zero coupon securities generally are more volatile than the market prices of securities that pay interest periodically.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Investments in Derivatives</b><br>
 In addition to the inverse floating rate securities in which each Fund may invest, which are considered portfolio securities for financial reporting purposes, each Fund is authorized to invest in certain derivative instruments such as futures, options and swap contracts. Each Fund limits its investments in futures, options on futures and swap contracts to the extent necessary for the Adviser to claim the exclusion from registration by the Commodity Futures Trading Commission as a commodity pool operator with respect to the Fund. The Funds record derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Funds&#8217; investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">135</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Interest Rate Swap Contracts</i><br>
 Interest rate swap contracts involve a Fund&#8217;s agreement with the counterparty to pay or receive a fixed rate payment in exchange for the counterparty receiving or paying a variable rate payment. Forward interest rate swap contracts involve a Fund&#8217;s agreement with a counterparty to pay, in the future, a fixed or variable rate payment in exchange for the counterparty paying the Fund a variable or fixed rate payment, the accruals for which would begin at a specified date in the future (the &#8220;effective date&#8221;).</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The amount of the payment obligation is based on the notional amount and the termination date of the contract. Interest rate swap contracts do not involve the delivery of securities or other underlying assets or principal. Accordingly, the risk of loss with respect to the swap counterparty on such transactions is limited to the net amount of interest payments that the Fund is to receive.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Interest rate swap contracts are valued daily. Upon entering into an interest rate swap contract (and beginning on the effective date for a forward interest rate swap contract), a Fund accrues the fixed rate payment expected to be paid or received and the variable rate payment expected to be received or paid on the interest rate swap contracts on a daily basis, and recognizes the daily change in the fair value of the Fund&#8217;s contractual rights and obligations under the contracts. For an over-the-counter (&#8220;OTC&#8221;) swap that is not cleared through a clearing house (&#8220;OTC Uncleared&#8221;), the net amount recorded on these transactions, for each counterparty, is recognized on the Statement of Assets and Liabilities as a component of &#8220;Unrealized appreciation or depreciation on interest rate swaps (, net).&#8221;</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Upon the execution of an OTC swap cleared through a clearing house (&#8220;OTC Cleared&#8221;), the Fund is obligated to deposit cash or eligible securities, also known as &#8220;initial margin,&#8221; into an account at its clearing broker equal to a specified percentage of the contract amount. Cash deposited by the Fund to cover initial margin requirements on open swap contracts, if any, is recognized as a component of &#8220;Cash collateral at brokers&#8221; on the Statement of Assets and Liabilities. Investments in OTC Cleared swaps obligate the Fund and the clearing broker to settle monies on a daily basis representing changes in the prior day&#8217;s &#8220;mark-to-market&#8221; of the swap contract. If the Fund has unrealized appreciation, the clearing broker will credit the Fund&#8217;s account with an amount equal to the appreciation. Conversely, if the Fund has unrealized depreciation, the clearing broker will debit the Fund&#8217;s account with an amount equal to the depreciation. These daily cash settlements are also known as &#8220;variation margin.&#8221; Variation margin for OTC Cleared swaps is recognized as a receivable and/or payable for &#8220;Variation margin on swap contracts&#8221; on the Statement of Assets and Liabilities. Upon the execution of an OTC Uncleared swap, neither the Fund nor the counterparty is required to deposit initial margin as the trades are recorded bilaterally between both parties to the swap contract, and the terms of the variation margin are subject to a predetermined threshold negotiated by the Fund and the counterparty. Variation margin for OTC Uncleared swaps is recognized as a component of &#8220;Unrealized appreciation or depreciation on interest rate swaps (, net)&#8221; as described in the preceding paragraph.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The net amount of periodic payments settled in cash are recognized as a component of &#8220;Net realized gain (loss) from swaps&#8221; on the Statement of Operations, in addition to the net realized gain or loss recorded upon the termination of the swap contract. For tax purposes, payments expected to be received or paid on the swap contracts are treated as ordinary income or expense, respectively. Changes in the value of the swap contracts during the fiscal period are recognized as a component of &#8220;Change in net unrealized appreciation (depreciation) of swaps&#8221; on the Statement of Operations. In certain instances, payments are made or received upon entering into the swap contract to compensate for differences between the stated terms of the swap agreements and prevailing market conditions (credit spreads, currency exchange rates, interest rates, and other relevant factors). Payments received or made at the beginning of the measurement period, if any, are recognized as &#8220;Interest rate swaps premiums paid and/or received&#8221; on the Statement of Assets and Liabilities.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the current fiscal period, NVG continued to invest in forward interest rate swap contracts, as part of its duration management strategies, to help reduce price volatility risk to movements in U.S. interest rates relative to the Fund&#8217;s benchmark.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The average notional amount of interest rate swap contracts outstanding during the current fiscal period was as follows:&#160;</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="ze0bea4aab22e4755867f1ce8ea821bf2" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 86%">&#160;</td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid">Average notional amount of interest rate swap contracts outstanding*</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">129,066,667</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z7a1062e478af444aabdcdbfcc51aa8f5" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">*</td>
<td style="WIDTH: 95%">The average notional amount is calculated based on the outstanding notional at the beginning of the fiscal period and at the end of each fiscal quarter within the current fiscal period.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">136</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The following table presents the fair value of all swap contracts held by the Funds as of the end of the reporting period, the location of these instruments on the Statement of Assets and Liabilities and the primary underlying risk exposure.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zdb0b8e5e5d4c4d089ef1994cb9b4fd89" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="11"><b>Location on the Statement of Assets and Liabilities</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>Asset Derivatives</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="5"><b>(Liability) Derivatives</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 25%"><b>Underlying</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 10%"><b>Derivative</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 14%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 4%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 13%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Risk Exposure</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left"><b>Instrument</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left"><b>Location</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left"><b>Location</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Value</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Interest rate</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">Swaps (OTC</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">Unrealized appreciation</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">7,512,258</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: left">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: left">Uncleared)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid"></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: left">on interest rate swap</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The following table presents the Funds&#8217; swap contracts subject to netting agreements and the collateral delivered related to those swap contracts as of the end of the reporting period.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zcb0706b5a5a149de981e914b3dd43895" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Gross Amounts Not Offset</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>on the Statement of</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="8"><b>Assets and Liabilities</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Gross</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Gross</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Amounts</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net Unrealized</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Unrealized</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Unrealized</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Netted on</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Appreciation</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Collateral</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Appreciation on</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>(Depreciation) on</b></td>
<td></td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Statement of</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>(Depreciation) on</b></td>
<td></td>
<td style="TEXT-ALIGN: right" colspan="2">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Pledged</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Interest Rate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Interest Rate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Assets and</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Interest Rate</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Financial</b></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right" colspan="2"><b>to (from</b></td>
<td><b>)</b></td>
<td style="TEXT-ALIGN: right" colspan="2"><b>Net</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: left" colspan="2">&#160;&#160;&#160;&#160;<b>Counterparty</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Swaps</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>**</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Swaps</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>**</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Liabilities</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Swaps</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Instruments</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>***</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Counterparty</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right" colspan="2"><b>Exposure</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="WIDTH: 8%"><b>NVG</b></td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 12%">JPMorgan Chase</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">7,512,258</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 9%">&#8212;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">&#8212;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">7,512,258</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 7%">&#8212;</td>
<td style="WIDTH: 3%">&#160;</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 8%">(7,512,258</td>
<td style="WIDTH: 2%">)</td>
<td style="WIDTH: 1%">$</td>
<td style="TEXT-ALIGN: right; WIDTH: 7%">&#8212;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: left">Bank, N.A.</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Batang,serif; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z8323072ab29d4660a3b9062122471687" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 5%">**</td>
<td style="WIDTH: 95%">Represents gross unrealized appreciation (depreciation) for the counterparty as reported in the Fund&#8217;s Portfolio of Investments.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>***</td>
<td>Represents inverse floating rate securities available for offset, when applicable.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized on swap contracts on the Statement of Operations during the current fiscal period, and the primary underlying risk exposure.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zf21fb9cdba554da2b7eaf0d482bb4ecd" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 43%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 14%"><b>Change in Net</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Net Realized</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Unrealized Appreciation</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Underlying</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Derivative</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Gain (Loss) from</b></td>
<td></td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>(Depreciation) of</b></td>
<td></td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Risk Exposure</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Instrument</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Swaps</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Swaps</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">Interest rate</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">Swaps</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(42,922</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">6,540,035</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Market and Counterparty Credit Risk</i><br>
 In the normal course of business each Fund may invest in financial instruments and enter into financial transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the transaction to perform (counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the financial statements. Financial assets, which potentially expose each Fund to counterparty credit risk, consist principally of cash due from counterparties on forward, option and swap transactions, when applicable. The extent of each Fund&#8217;s exposure to counterparty credit risk in respect to these financial assets approximates their carrying value as recorded on the Statement of Assets and Liabilities.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have the financial resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties. Additionally, counterparties may be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf of each Fund with a value approximately equal to the amount of any unrealized gain above a pre-determined threshold. Reciprocally, when each Fund has an unrealized loss, the Funds have instructed the custodian to pledge assets of the Funds as collateral with a value approximately equal to the amount of the unrealized loss above a pre-determined threshold. Collateral pledges are monitored and subsequently adjusted if and when the valuations fluctuate, either up or down, by at least the pre-determined threshold amount.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">137</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">4. Fund Shares</p>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">Common Shares </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Common Shares Equity Shelf Programs and Offering Costs</i><br>
 NMZ has filed a registration statement with the Securities and Exchange Commission (&#8220;SEC&#8221;) authorizing the Fund to issue additional common shares through one or more equity shelf programs (&#8220;Shelf Offering&#8221;), which became effective with the SEC during the current and prior fiscal period.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Under this Shelf Offering, the Fund, subject to market conditions, may raise additional equity capital by issuing additional common shares from time to time in varying amounts and by different offering methods at a net price at or above the Fund&#8217;s NAV per common share. In the event the Fund&#8217;s Shelf Offering registration statement is no longer current, the Fund may not issue additional common shares until a post-effective amendment to the registration statement has been filed with the SEC.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Additional authorized common shares, common shares sold and offering proceeds, net of offering costs under the Fund&#8217;s Shelf Offering during the Fund&#8217;s current and prior fiscal period were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z6ea08ff7a2d3478f81709dade06071e4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 73%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Year</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Additional authorized common shares</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13,200,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">13,200,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Common shares sold</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,473,161</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">7,452,533</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Offering proceeds, net of offering costs</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">19,138,860</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">103,621,513</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Costs incurred by the Fund in connection with its Shelf Offering were recorded as a deferred charge and recognized as a component of &#8220;Deferred offering costs&#8221; on the Statement of Assets and Liabilities. The deferred asset is reduced during the one-year period that additional shares are sold by reducing the proceeds from such sales and recognized as a component of &#8220;Proceeds from shelf offering, net of offering costs&#8221; on the Statement of Changes in Net Assets. Any remaining deferred charges at the end of the one-year life of the Shelf Offering period will be expensed accordingly, as well as any additional Shelf Offering costs the Fund may incur. As Shelf Offering costs are expensed they are recognized as a component of &#8220;Other expenses&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Common Share Transactions</i><br>
 Transactions in common shares for the Funds during the Funds&#8217; current and prior fiscal period, where applicable, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z892e554d98a84b7984bf1a761f26e58c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NVG</b></td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 47%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Year</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Year</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Common shares issued in reorganizations</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">175,906,265</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">105,813,381</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z6c9999b2291c4662991c891b9a20573b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center" colspan="5"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 73%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Six Months</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Year</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"><b>4/30/17</b></td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"><b>10/31/16</b></td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Common shares:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Issued to shareholders due to reinvestment of distributions</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">26,960</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">86,810</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Sold through shelf offering</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,473,161</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">7,452,533</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Weighted average common share:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Premium to NAV per shelf offering share sold</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.21</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.57</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">138</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: italic 10pt Arial; MARGIN: 8pt 0px 0px">Preferred Shares</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Institutional MuniFund Term Preferred Shares</i><br>
 The following Fund has issued and has outstanding Institutional MuniFund Term Preferred (&#8220;iMTP&#8221;) Shares, with a $5,000 liquidation preference per share. iMTP Shares are issued via private placement and are not publicly available.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of the end of the reporting period, details of iMTP Shares outstanding were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="za74405311b68473382c0580785a3053a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 60%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Liquidation</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Series</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Outstanding</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Preference</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2017</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">30,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">150,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Fund is obligated to redeem its iMTP Shares by the date as specified in its offering document (&#8220;Term Redemption Date&#8221;), unless earlier redeemed by the Fund. iMTP Shares are subject to optional and mandatory redemption in certain circumstances. The iMTP Shares are not subject to redemption at the option of the Fund for approximately one year following the date of issuance, at which point the Fund may redeem at its option (&#8220;Optional Redemption Date&#8221;) and any date thereafter. The Fund may be obligated to redeem certain amount of the iMTP Shares if the Fund fails to maintain certain asset coverage and leverage ratio requirements and such failures are not cured by the applicable cure date. The redemption price per share is equal to the sum of the liquidation preference per share plus any accumulated but unpaid dividends. The Term Redemption Date and Optional Redemption Date for the Fund&#8217;s iMTP Shares are as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z7f02170bf1ea4387ba7680abe9e8be7a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 60%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Term</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Optional</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Series</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Redemption Date</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Redemption Date</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2017</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">October 1, 2017</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">April 1, 2015</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The average liquidation preference of iMTP Shares outstanding and annualized dividend rate for the Fund during the current fiscal period, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z40dcad1d517c499b93ec2fa3ce6e4999" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 86%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Average liquidation preference of iMTP Shares outstanding</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">150,000,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Annualized dividend rate</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.44</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">iMTP Shares are subject to restrictions on transfer and may only be sold or transferred to &#8220;qualified institutional buyers&#8221;. iMTP Shares are short-term or short/intermediate-term instruments that pay a variable dividend rate tied to a short-term index, plus an additional fixed &#8220;spread&#8221; amount established at the time of issuance. The fair value of iMTP Shares is expected to be approximately their liquidation preference so long as the fixed &#8220;spread&#8221; on the iMTP Shares remains roughly in line with the &#8220;spread&#8221; being demanded by investors on instruments having similar terms in the current market environment. In present market conditions, the Fund&#8217;s Adviser has determined that the fair value of iMTP Shares is approximately their liquidation preference, but their fair value could vary if market conditions change materially. For financial reporting purposes, the liquidation preference of iMTP Shares is recorded as a liability and recognized as &#8220;Institutional MuniFund Term Preferred (&#8220;iMTP&#8221;) Shares, net of deferred offering costs&#8221; on the Statement of Assets and Liabilities.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Dividends on the iMTP Shares (which are treated as interest payments for financial reporting purposes) are set weekly. Unpaid dividends on iMTP Shares are recognized as a component of &#8220;Interest payable&#8221; on the Statement of Assets and Liabilities, when applicable. Dividends accrued on iMTP Shares are recognized as a component of &#8220;Interest expense and amortization of offering costs&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Costs incurred by the Fund in connection with its offering of iMTP Shares were recorded as a deferred charge, which are amortized over the life of the shares and recognized as components of &#8220;Institutional MuniFund Term Preferred (&#8220;iMTP&#8221;) Shares, net of deferred offering costs&#8221; on the Statement of Assets and Liabilities and &#8220;Interest expense and amortization of offering costs&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">139</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Variable Rate MuniFund Term Preferred Shares</i><br>
 The Funds have issued and have outstanding Variable Rate MuniFund Term Preferred (&#8220;VMTP&#8221;) Shares, with a $100,000 liquidation preference per share. VMTP Shares are issued via private placement and are not publicly available.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of the end of the reporting period, VMTP Shares outstanding, at liquidation preference, for each Fund were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="za8c48a6fd6b84afcb771c38678b5e149" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 60%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Liquidation</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Series</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Outstanding</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Preference</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2,404</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">240,400,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2019</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3,360</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">336,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">870</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">87,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Each Fund is obligated to redeem its VMTP Shares by the date as specified in its offering document (&#8220;Term Redemption Date&#8221;), unless earlier redeemed by the Fund. VMTP Shares are subject to optional and mandatory redemption in certain circumstances. The VMTP Shares may be redeemed at the option of each Fund, subject to payment of premium for approximately one year following the date of issuance (&#8220;Premium Expiration Date&#8221;), and at the redemption price per share thereafter. The redemption price per share is equal to the sum of the liquidation preference per share plus any accumulated but unpaid dividends. Each Fund may be obligated to redeem a certain amount of the VMTP Shares if the Fund fails to maintain certain asset coverage and leverage ratio requirements and such failures are not cured by the applicable cure date. The Term Redemption Date and Premium Expiration Date for each Fund&#8217;s VMTP Shares are as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z0adef4ac1bda4727a2b5b1822c8b431e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 60%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Term</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Premium</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Series</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Redemption Date</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Expiration Date</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">December 1, 2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">May 31, 2016</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2019</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">July 1, 2019</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">May 31, 2017</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">August 1, 2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">June 30, 2016</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The average liquidation preference of VMTP Shares outstanding and annualized dividend rate for each Fund during the current fiscal period were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z5209e5ace4ff498199fe2e0c2f038e5b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Average liquidation preference of VMTP Shares outstanding</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">240,400,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">336,000,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">87,000,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Annualized dividend rate</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.61</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.73</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.58</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">VMTP Shares are subject to restrictions on transfer, generally do not trade, and market quotations are generally not available. VMTP Shares are short-term or short/intermediate-term instruments that pay a variable dividend rate tied to a short-term index, plus an additional fixed &#8220;spread&#8221; amount established at the time of issuance. The fair value of VMTP Shares is expected to be approximately their liquidation preference so long as the fixed &#8220;spread&#8221; on the VMTP Shares remains roughly in line with the &#8220;spread&#8221; being demanded by investors on instruments having similar terms in the current market environment. In present market conditions, the Funds&#8217; Adviser has determined that fair value of VMTP Shares is approximately their liquidation preference, but their fair value could vary if market conditions change materially. For financial reporting purposes, the liquidation preference of VMTP Shares is a liability and is recognized as a component of &#8220;Variable Rate MuniFund Term Preferred (&#8220;VMTP&#8221;) Shares, net of deferred offering costs&#8221; on the Statement of Assets and Liabilities.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Dividends on the VMTP shares (which are treated as interest payments for financial reporting purposes) are set weekly. Unpaid dividends on VMTP Shares are recognized as a component of &#8220;Interest payable&#8221; on the Statement of Assets and Liabilities. Dividends accrued on VMTP Shares are recognized as a component of &#8220;Interest expense and amortization of offering costs&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Costs incurred in connection with each Fund&#8217;s offering of VMTP Shares were recorded as a deferred charges, which are amortized over the life of the shares and are recognized as components of &#8220;Variable Rate MuniFund Term Preferred (&#8220;VMTP&#8221;) Shares, net of deferred offering costs&#8221; on the Statement of Assets and Liabilities and &#8220;Interest expense and amortization of offering costs&#8221; on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">140</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Variable Rate Demand Preferred Shares</i><br>
 The following Funds have issued and have outstanding Variable Rate Demand Preferred (&#8220;VRDP&#8221;) Shares, with a $100,000 liquidation preference per share. VRDP Shares are issued via private placement and are not publicly available.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of the end of the reporting period, details of the Funds&#8217; VRDP Shares outstanding were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z9bbcf9559c744e6881aa700191c2424a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="WIDTH: 42%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%">&#160;</td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 10%"><b>Liquidation</b></td>
<td style="WIDTH: 2%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 15%">&#160;</td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Fund</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Series</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Outstanding</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Preference</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Maturity</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td><b>NVG</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,790</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">179,000,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">December 1, 2043</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,854</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">385,400,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">December 1, 2040</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">4</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,800</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">180,000,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">June 1, 2046</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,405</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">340,500,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">December 1, 2040</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">6</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3,267</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">326,700,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">December 1, 2040</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td><b>NZF</b></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,688</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">268,800,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">March 1, 2040</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,622</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">262,200,000</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">March 1, 2040</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">3</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1,960</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">196,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">June 1, 2040</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the current fiscal period, NVG refinanced all of its outstanding Series 3 VRDP Shares with the issuance of new Series 5 and Series 6 VRDP Shares.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">VRDP Shares include a liquidity feature that allows VRDP shareholders to have their shares purchased by a liquidity provider with whom each Fund has contracted in the event that the VRDP Shares are not able to be successfully remarketed. Each Fund is required to redeem any VRDP Shares that are still owned by the liquidity provider after six months of continuous, unsuccessful remarketing. Each Fund pays an annual remarketing fee of 0.10% on the aggregate principal amount of all VRDP Shares outstanding. Each Fund&#8217;s VRDP Shares have successfully remarketed since issuance.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">NVG&#8217;s Series 1 and Series 4 VRDP Shares are considered to be Special Rate Period VRDP, which one sold to institutional investors. During the special rate period, the VRDP Shares will not be remarketed by a remarketing agent, be subject to optional or mandatory tender events, or be supported by a liquidity provider. During the period, VRDP dividends will be set monthly as a floating rate based on the predetermined formula. Following the initial special rate period, Special Rate Period VRDP Shares will transition to traditional VRDP Shares with dividends set at weekly remarketings, and be supported by a designated liquidity provider, unless the Board approves a subsequent special rate period.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Dividends on the VRDP Shares (which are treated as interest payments for financial reporting purposes) are set at a rate established by a remarketing agent; therefore, the market value of the VRDP Shares is expected to approximate its liquidation preference. In the event that VRDP Shares are unable to be successfully remarketed, the dividend rate will be the maximum rate which is designed to escalate according to a specified schedule in order to enhance the remarketing agent&#8217;s ability to successfully remarket the VRDP Shares.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Subject to certain conditions, VRDP Shares may be redeemed, in whole or in part, at any time at the option of each Fund. Each Fund may also redeem certain of the VRDP Shares if the Fund fails to maintain certain asset coverage requirements and such failures are not cured by the applicable cure date. The redemption price per share is equal to the sum of the liquidation preference per share plus any accumulated but unpaid dividends.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The average liquidation preference of VRDP Shares outstanding and annualized dividend rate for each Fund during the current fiscal period were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z724e1502288b4f07b8bd0dbd44b8dce4" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 73%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Average liquidation preference of VRDP Shares outstanding</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">1,411,600,000</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">727,000,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Annualized dividend rate</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.02</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.83</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">For financial reporting purposes, the liquidation preference of VRDP Shares is a liability and is recognized as &#8220;Variable Rate Demand Preferred (&#8220;VRDP&#8221;) Shares, net of deferred offering costs&#8221; on the Statement of Assets and Liabilities. Unpaid dividends on VRDP Shares are recognized as a component of &#8220;Interest payable&#8221; on the Statement of Assets and Liabilities, when applicable. Dividends accrued on VRDP Shares are recognized as a component of &#8220;Interest expense and amortization of offering costs&#8221; on the Statement of Operations. Costs incurred by the Funds in connection with their offerings of VRDP Shares were recorded as a deferred charge, which are amortized over the life of the shares and are recognized as a component of &#8220;Variable Rate Demand Preferred (&#8220;VRDP&#8221;) Shares, net of deferred offering costs&#8221; on the Statement of Assets and Liabilities and &#8220;Interest expense and amortization of offerings costs&#8221; on the Statement of Operations. In addition to interest expense, each Fund also pays a per annum liquidity fee to the liquidity provider, as well as a remarketing fee, which are recognized as &#8220;Liquidity fees&#8221; and &#8220;Remarketing fees,&#8221; respectively, on the Statement of Operations.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Preferred Share Transactions</i><br>
 Transactions in preferred shares for the Funds during the Funds&#8217; current and prior fiscal period, where applicable, are noted in the following tables.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">141</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Transactions in VMTP Shares for the Funds, where applicable, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z54aaa73498d0403687455f21d9eb6aeb" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Year Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>October 31, 2016</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Amount</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">VMTP Shares issued in connection with the reorganization</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2018</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2,404</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">240,400,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z8e161ace1e844e4a80894e39f326b9ec" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Year Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>October 31, 2016</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Amount</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>VMTP Shares issued</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2019</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,360</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">336,000,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid">VMTP Shares exchanged</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">2017</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(810</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(81,000,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Net increase (decrease)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2,550</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">255,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<p style="FONT: 10pt Arial; MARGIN: 0px">Transactions in VRDP Shares for the Funds, where applicable, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z939eb26a273145a48a92ddd401884ffd" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Six Months Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>April 30, 2017</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Amount</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>VRDP Shares issued</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">5</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,405</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">340,500,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,267</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">326,700,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid">VRDP Shares exchanged</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(6,672</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(667,200,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Net increase (decrease)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z188943c1ad4e4328967757098443a128" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 8pt">&#160;</td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center">&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Year Ended</b></td>
<td style="FONT-SIZE: 8pt; TEXT-ALIGN: center">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>October 31, 2016</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Amount</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>VRDP Shares issued in connection with the reorganization</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3,854</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">385,400,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6,672</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">667,200,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid">VRDP Shares issued</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">1,800</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">180,000,000</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Net increase (decrease)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">12,326</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1,232,600,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z0a4a409ff54a4a6997d6a5e51f7e6aef" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>Year Ended</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: center" colspan="8"><b>October 31, 2016</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Series</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Shares</b></td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>Amount</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>VRDP Share Issued in connection with the reorganization</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,688</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">268,800,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">2,622</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">262,200,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">3</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,960</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">196,000,000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">7,270</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">727,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>5. Investment Transactions</b><br>
 Long-term purchases and sales (including maturities but excluding derivative transactions, where applicable) during the current fiscal period were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z26e26ac7a513410ba9df5af5633e74b6" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Purchases</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">585,283,425</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">477,500,847</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">60,081,207</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Sales and maturities</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">601,273,591</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">507,701,961</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">50,419,602</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>6. Income Tax Information</b><br>
 Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net investment income and net capital gains to shareholders and to otherwise comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies. Therefore, no federal income tax provision is required. Furthermore, each Fund intends to satisfy conditions that will enable interest from municipal securities, which is exempt from regular federal income tax, to retain such tax-exempt status when distributed to shareholders of the Funds. Net realized capital gains and ordinary income distributions paid by the Funds are subject to federal taxation.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">142</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">For all open tax years and all major taxing jurisdictions, management of the Funds has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements. Open tax years are those that are open for examination by taxing authorities (i.e., generally the last four tax year ends and the interim tax period since then). Furthermore, management of the Funds is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts as detailed below. Temporary differences do not require reclassification. Temporary and permanent differences do not impact the NAVs of the Funds.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of April 30, 2017, the cost and unrealized appreciation (depreciation) of investments (excluding investments in derivatives, where applicable), as determined on a federal income tax basis, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"></p>

<table id="z5a8e8e82acfd4215a69b365861ffbb03" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 1pt solid">Cost of investments</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">4,480,103,291</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">3,129,425,289</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">789,302,917</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Gross unrealized:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Appreciation</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">353,711,543</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">269,323,401</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">80,433,890</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Depreciation</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(46,797,071</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(44,937,935</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">(50,410,771</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Net unrealized appreciation (depreciation) of investments</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">306,914,472</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">224,385,466</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">30,023,119</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Permanent differences, primarily due to federal taxes paid, nondeductible offering costs, nondeductible reorganization expenses, taxable market discount, tender option bond adjustments, and expiration of capital loss carryforwards, resulted in reclassifications among the Funds&#8217; components of common share net assets as of October 31, 2016, the Funds&#8217; last tax year end, as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"></p>

<table id="z4eac895e94834f208b65da3b9fec698c" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Paid-in-surplus</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">20,772,758</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">23,191,009</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">(40,259,705</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Undistributed (Over-distribution of) net investment income</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">9,016,020</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">6,837,213</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">(37,698</td>
<td>)</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Accumulated net realized gain (loss)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(29,788,778</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">(30,028,222</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">)</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">40,297,403</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The tax components of undistributed net tax-exempt income, net ordinary income and net long-term capital gains as of October 31, 2016, the Funds&#8217; last tax year end, were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"></p>

<table id="z1bf38382bdc4494388da8369f0185670" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Undistributed net tax-exempt income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">1</sup></td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">16,473,792</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">10,857,191</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">1,963,117</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Undistributed net ordinary income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">2</sup></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">250,210</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">311,307</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">312,231</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Undistributed net long-term capital gains</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">6,460,841</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">277,214</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zab31118aaa0342a3a81baefb9dd1717f" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 3%"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">1</sup></td>
<td style="WIDTH: 97%">Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividend declared on October 3, 2016, and paid on November 1, 2016.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">2</sup></td>
<td>Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The tax character of distributions paid during the Funds&#8217; last tax year ended October 31, 2016, was designated for purposes of the dividends paid deduction as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"></p>

<table id="z8c6d08d90bb044fea787932187eee758" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; WIDTH: 2%">&#160;</td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="FONT-SIZE: 8pt; BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: center; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Distributions from net tax-exempt income</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">99,983,479</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">83,860,978</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">49,588,685 </td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td>Distributions from net ordinary income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">2</sup></td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">381,678</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">196,088</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">477,534 </td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Distributions from net long-term capital gains</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">759,429</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z315095a8403743e68771c14dff10854e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 4%"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">2</sup></td>
<td style="WIDTH: 96%">Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">143</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of October 31, 2016, the Funds&#8217; last tax year end, the Funds had unused capital loss carrying forward available for federal income tax purposes to be applied against future capital gains, if any. If not applied, the carryforwards will expire as shown in the following table. The losses not subject to expiration will be utilized first by a Fund.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z2e8a323120384c508132ad2e52c964cd" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">3</sup></b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">3</sup></b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Expiration:</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">October 31, 2017</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">322,087</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">34,954,022 </td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="PADDING-TOP: 2pt; PADDING-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">October 31, 2018</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>&#160;</td>
<td style="TEXT-ALIGN: right">1,362,739 </td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 1pt solid">Not subject to expiration</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">11,694,056</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">23,832,204</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right">451,995 </td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Total</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">12,016,143</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">23,832,204</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">36,768,756</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z82f6fb05deaf4be4a5d9669d0c1fbbb9" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 3%"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">3</sup></td>
<td style="WIDTH: 97%">A portion of NVG&#8217;s and NZF&#8217;s capital loss carryforward is subject to an annual limitation under the Internal Revenue Code and related regulations.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">As of October 31, 2016, the Funds&#8217; last tax year end, the following Funds&#8217; capital loss carryforward expired as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z34a59031dc0b4c5f96bb6d78ba8e577a" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 73%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Expired capital loss carryforwards</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">217,918</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">40,199,292</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the Funds&#8217; last tax year ended October 31, 2016, the following Funds utilized capital loss carryforwards as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z031bec7804124932a25a6e70a159b54e" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 73%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Utilized capital loss carryforwards</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">8,371,430</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">6,363,613</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">7. Management Fees and Other Transactions with Affiliates</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Management Fees</i><br>
 Each Fund&#8217;s management fee compensates the Adviser for overall investment advisory and administrative services and general office facilities. The Sub-Adviser is compensated for its services to the Funds from the management fees paid to the Adviser.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Each Fund&#8217;s management fee consists of two components &#8211; a fund-level fee, based only on the amount of assets within each individual Fund, and a complex-level fee, based on the aggregate amount of all eligible fund assets managed by the Adviser. This pricing structure enables Fund shareholders to benefit from growth in the assets within their respective Fund as well as from growth in the amount of complex-wide assets managed by the Adviser.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The annual Fund-level fee, payable monthly, for each Fund is calculated according to the following schedules:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z9be1fc5f329b48dca502db056ac3ca28" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 66%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 33%"><b>NVG</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td style="TEXT-ALIGN: right"><b>NZF</b></td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Average Daily Managed Assets*</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Fund-Level Fee</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>For the first $125 million</td>
<td style="TEXT-ALIGN: right">0.5000</td>
<td>%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>For the next $125 million</td>
<td style="TEXT-ALIGN: right">0.4875</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>For the next $250 million</td>
<td style="TEXT-ALIGN: right">0.4750</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>For the next $500 million</td>
<td style="TEXT-ALIGN: right">0.4625</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>For the next $1 billion</td>
<td style="TEXT-ALIGN: right">0.4500</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>For the next $3 billion</td>
<td style="TEXT-ALIGN: right">0.4250</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">For managed assets over $5 billion</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.4125</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="z8a250f5f84344b958d6341dcab2ca2da" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 55%">&#160;</td>
<td style="TEXT-ALIGN: right; WIDTH: 44%"><b>NMZ</b></td>
<td style="WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: windowtext 1pt solid"><b>Average Daily Managed Assets*</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right"><b>Fund-Level Fee</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>For the first $125 million</td>
<td style="TEXT-ALIGN: right">0.5500</td>
<td>%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>For the next $125 million</td>
<td style="TEXT-ALIGN: right">0.5375</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>For the next $250 million</td>
<td style="TEXT-ALIGN: right">0.5250</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>For the next $500 million</td>
<td style="TEXT-ALIGN: right">0.5125</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>For the next $1 billion</td>
<td style="TEXT-ALIGN: right">0.5000</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>For the next $3 billion</td>
<td style="TEXT-ALIGN: right">0.4750</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">For managed assets over $5 billion</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.4625</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 0px">&#160;</p>

<table id="20711294c772428ea7b5561412312ca7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">144</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: left">NUVEEN</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The annual complex-level fee, payable monthly, for each Fund is calculated by multiplying the current complex-wide fee rate, determined according to the following schedule by the Fund&#8217;s daily managed assets:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="zfb113a917b87435e867326b55cec13c0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 59%"><b>Complex-Level Managed Asset Breakpoint Level*</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 40%"><b>Effective Rate at Breakpoint Level</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$55 billion</td>
<td style="TEXT-ALIGN: right">0.2000</td>
<td>%</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>$56 billion</td>
<td style="TEXT-ALIGN: right">0.1996</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$57 billion</td>
<td style="TEXT-ALIGN: right">0.1989</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>$60 billion</td>
<td style="TEXT-ALIGN: right">0.1961</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$63 billion</td>
<td style="TEXT-ALIGN: right">0.1931</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>$66 billion</td>
<td style="TEXT-ALIGN: right">0.1900</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$71 billion</td>
<td style="TEXT-ALIGN: right">0.1851</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>$76 billion</td>
<td style="TEXT-ALIGN: right">0.1806</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$80 billion</td>
<td style="TEXT-ALIGN: right">0.1773</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>$91 billion</td>
<td style="TEXT-ALIGN: right">0.1691</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$125 billion</td>
<td style="TEXT-ALIGN: right">0.1599</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td>$200 billion</td>
<td style="TEXT-ALIGN: right">0.1505</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: rgb(204,238,255)">
<td>$250 billion</td>
<td style="TEXT-ALIGN: right">0.1469</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">$300 billion</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">0.1445</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z7ea804c5dcda4fb9992caa0fc25240c0" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 3%">*</td>
<td style="WIDTH: 97%">For the complex-level fees, managed assets include closed-end fund assets managed by the Adviser that are attributable to certain types of leverage. For these purposes, leverage includes the funds&#8217; use of preferred stock and borrowings and certain investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust&#8217;s issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining managed assets in certain circumstances. The complex-level fee is calculated based upon the aggregate daily managed assets of all Nuveen Funds that constitute &#8220;eligible assets.&#8221; Eligible assets do not include assets attributable to investments in other Nuveen Funds or assets in excess of a determined amount (originally $2 billion) added to the Nuveen fund complex in connection with the Adviser&#8217;s assumption of the management of the former First American Funds effective January 1, 2011. As of April 30, 2017, the complex-level fee for each Fund was 0.1610%.</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the prior fiscal period, the Adviser agreed to implement a fee waiver for NVG and NZF, which would begin on the effective date of the New Investment Management Agreement (the &#8220;Agreement&#8221;) and will be phased out over the first year following the effective date of the Agreement. The waiver would be applied according to the following schedule and annual rates: (i) 0.05% of managed assets for the first 90 day period following the effective date of the Agreement; (ii) 0.0375% of managed assets for the 91st through 180th day period following the effective date of the Agreement; (iii) 0.025% of managed assets for the 181st through 270th day period following the effective date of the Agreement; and (iv) 0.0125% of managed assets for the 271st through 365th day period following the effective date of the Agreement. The fee waiver agreement may not be discontinued prior to the expiration of the one-year period unless authorized by the Board or the Agreement terminates. The purpose of the fee waiver is to phase in the new management fee over a period of one year. The fee waiver is not expected to be continued.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Other Transactions with Affiliates</i><br>
 Each Fund is permitted to purchase or sell securities from or to certain other funds managed by the Adviser (&#8220;inter-fund trade&#8221;) under specified conditions outlined in procedures adopted by the Board. These procedures have been designed to ensure that any inter-fund trade of securities by the Fund from or to another fund that is, or could be, considered an affiliate of the Fund under certain limited circumstances by virtue of having a common investment adviser (or affiliated investment adviser), common officer and/or common trustee complies with Rule 17a-7 of the 1940 Act. Further, as defined under these procedures, each inter-fund trade is effected at the current market price as provided by an independent pricing service. Unsettled inter-fund trades as of the end of the reporting period are recognized as a component of &#8220;Receivable for investments sold&#8221; and/or &#8220;Payable for investments purchased&#8221; on the Statement of Assets and Liabilities, when applicable.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the current fiscal period, the following Funds engaged in inter-fund trades pursuant to these procedures as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z61cc2f11ec154bf1881078f15db988dc" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 73%"><b>Inter-Fund Trades</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Purchases</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">&#8212;</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">42,099,924</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Sales</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">5,983,894</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">29,678,630</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">8. Borrowing Arrangements</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Uncommitted Line of Credit</i><br>
 During the current fiscal period, the Funds participated in an unsecured bank line of credit (&#8220;Unsecured Credit Line&#8221;) under which outstanding balances would bear interest at a variable rate. On December 31, 2016, (the only date utilized during the current fiscal period), NVG borrowed $721,990 from the Unsecured Credit Line at an annualized interest rate of 2.02%. None of the other Funds participated in the Unsecured Credit Line during the current fiscal period.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="6d387476f1374f02927ecc41b2e9adc8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 96%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 4%">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: center">145</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div><br>
</div>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Notes to Financial Statements </b>(Unaudited) (continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Committed Line of Credit</i><br>
 The Funds, along with certain other funds managed by the Adviser (&#8220;Participating Funds&#8221;), have established a 364-day, approximately $2.5 billion standby credit facility with a group of lenders, under which the Participating Funds may borrow for various purposes other than leveraging for investment purposes. A large portion of this facility&#8217;s capacity (and its associated costs as described below) is currently dedicated for use by a small number of Participating Funds, which does not include any of the Funds covered by this shareholder report. The remaining capacity under the facility (and the corresponding portion of the facility&#8217;s annual costs) is separately dedicated to most of the other open-end funds in the Nuveen fund family, along with a number of Nuveen closed-end funds, including all of the Funds covered by this shareholder report. The credit facility expires in July 2017 unless extended or renewed.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The credit facility has the following terms: a fee of 0.15% per annum on unused commitment amounts, and interest at a rate equal to the higher of (a) one-month LIBOR (London Inter-Bank Offered Rate) plus 1.25% per annum or (b) the Fed Funds rate plus 1.25% per annum on amounts borrowed. Participating Funds paid administration, legal and arrangement fees, which are recognized as a component of &#8220;Other expenses&#8221; on the Statement of Operations, and along with commitment fees, have been allocated among such Participating Funds based upon the relative proportions of the facility&#8217;s aggregate capacity reserved for them and other factors deemed relevant by the Adviser and the Board of each Participating Fund.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the current fiscal period, the following Funds utilized this facility. Each Fund&#8217;s maximum outstanding balance during the utilization period were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z4a1e3565a00844809200bcf498dea5fa" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 73%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Maximum Outstanding Balance</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">20,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">$</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">30,000,000</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During the current fiscal period, and during each Fund&#8217;s utilization period, the average daily balance outstanding and average annual interest rate on the Borrowings were as follows:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<table id="z9df865a04cb0434daadf49f81ad5099b" style="BORDER-COLLAPSE: collapse; FONT: 10pt Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: bottom">
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 73%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: rgb(204,238,255)">
<td>Average daily balance outstanding</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">16,354,839</td>
<td>&#160;</td>
<td>$</td>
<td style="TEXT-ALIGN: right">15,347,826</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: white">
<td style="BORDER-BOTTOM: windowtext 2pt solid">Average annual interest rate</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">1.92</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">2.03</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid">%</td>
</tr>
</table>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Borrowings outstanding as of the end of the reporting period are recognized as &#8220;Borrowings&#8221; on the Statement of Assets and Liabilities, where applicable. NMZ did not utilize this facility during the current fiscal period.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">9. New Accounting Pronouncements</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Update (&#8220;ASU&#8221;) 2015-03: Interest-Imputation of Interest<br>
</i>The Funds have adopted the disclosure provisions of ASU 2015-03, <i>Interest-Imputation of Interest (Subtopic 835-30) &#8212; Simplifying the Presentation of Debt Issuance Costs</i>. ASU 2015-03 requires debt issuance costs to be presented in the Statement of Assets and Liabilities as a direct deduction from the carrying amount of the associated debt liability. Prior to the issuance of ASU 2015-03, debt issuance costs were required to be presented in the Statement of Assets and Liabilities as a deferred charge (i.e., an asset). ASU 2015-03 is limited to simplifying the presentation of debt issuance costs. ASU 2015-03 does not affect the recognition and measurement of debt issuance costs.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Amendments to Regulation S-X</i><br>
 In October 2016, the SEC adopted new rules and amended existing rules (together, the &#8220;final rules&#8221;) intended to modernize the reporting and disclosure of information by registered investment companies. In part, the final rules amend Regulation S-X and require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other amendments. The compliance date of the amendments to Regulation S-X is August 1, 2017. Management is still evaluating the impact of the final rules, if any.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Accounting Standards Update 2017-08 (&#8220;ASU 2017-08&#8221;) Premium Amortization on Purchased Callable Debt Securities</i><br>
 During March 2017, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued ASU 2017-08, which shortens the premium amortization period for purchased non-contingently callable debt securities. ASU 2017-08 specifies that the premium amortization period ends at the earliest call date, for purchased non-contingently callable debt securities. ASU 2017-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Management is currently evaluating the implications of ASU 2017-08, if any.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">10. Subsequent Events</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Refinancing of iMTP and MFP Shares</i><br>
 Subsequent to the close of the reporting period, NZF redeemed all of its Series 2017 iMTP Shares at their $5,000 liquidation value per share, plus dividend amounts owed, with the proceeds from $150,000,000 of newly issued MuniFund Preferred (&#8220;MFP&#8221;) Shares. On May 15, 2017, Series A MFP Shares were issued to qualified institutional buyers in a private offering pursuant to Rule 144A of the Securities Act of 1933 and NZF iMTP Shares were redeemed on May 25, 2017.</p>

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<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><i>Inter-Fund Borrowing and Lending</i><br>
 The SEC has granted an exemptive order permitting registered open-end and closed-end Nuveen funds to participate in an inter-fund lending facility whereby the Nuveen funds may directly lend to and borrow money from each other for temporary purposes (e.g., to satisfy redemption requests or when a sale of securities &#8220;fails,&#8221; resulting in an unanticipated cash shortfall) (the &#8220;Inter-Fund Program&#8221;). The closed-end Nuveen funds, including the Funds covered by this shareholder report, will participate only as lenders, and not as borrowers, in the Inter-Fund Program because such closed-end funds rarely, if ever, need to borrow cash to meet redemptions. The Inter-Fund Program is subject to a number of conditions, including, among other things, the requirements that (1) no fund may borrow or lend money through the Inter-Fund Program unless it receives a more favorable interest rate than is typically available from a bank or other financial institution for a comparable transaction; (2) no fund may borrow on an unsecured basis through the Inter-Fund Program unless the fund&#8217;s outstanding borrowings from all sources immediately after the inter-fund borrowing total 10% or less of its total assets; provided that if the borrowing fund has a secured borrowing outstanding from any other lender, including but not limited to another fund, the inter-fund loan must be secured on at least an equal priority basis with at least an equivalent percentage of collateral to loan value; (3) if a fund&#8217;s total outstanding borrowings immediately after an inter-fund borrowing would be greater than 10% of its total assets, the fund may borrow through the inter-fund loan on a secured basis only; (4) no fund may lend money if the loan would cause its aggregate outstanding loans through the Inter-Fund Program to exceed 15% of its net assets at the time of the loan; (5) a fund&#8217;s inter-fund loans to any one fund shall not exceed 5% of the lending fund&#8217;s net assets; (6) the duration of inter-fund loans will be limited to the time required to receive payment for securities sold, but in no event more than seven days; and (7) each inter-fund loan may be called on one business day&#8217;s notice by a lending fund and may be repaid on any day by a borrowing fund. In addition, a Nuveen fund may participate in the Inter-Fund Program only if and to the extent that such participation is consistent with the fund&#8217;s investment objective and investment policies. The Board is responsible for overseeing the Inter-Fund Program.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The limitations detailed above and the other conditions of the SEC exemptive order permitting the Inter-Fund Program are designed to minimize the risks associated with Inter-Fund Program for both the lending fund and the borrowing fund. However, no borrowing or lending activity is without risk. When a fund borrows money from another fund, there is a risk that the loan could be called on one day&#8217;s notice or not renewed, in which case the fund may have to borrow from a bank at a higher rate or take other actions to payoff such loan if an inter-fund loan is not available from another fund. Any delay in repayment to a lending fund could result in a lost investment opportunity or additional borrowing costs.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">During May 2017, the Board approved the Nuveen funds participation in the Inter-Fund Program. As of the time this shareholder report was prepared, none of the Funds covered by this shareholder report have entered into any inter-fund loan activity.</p>

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<td style="FONT-SIZE: 18pt" colspan="2"><b>Additional</b> <b>Fund Information</b></td>
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<td style="WIDTH: 19%"><b>Board of Trustees</b></td>
<td style="WIDTH: 17%">&#160;</td>
<td style="WIDTH: 17%">&#160;</td>
<td style="WIDTH: 16%">&#160;</td>
<td style="WIDTH: 15%">&#160;</td>
<td style="WIDTH: 16%">&#160;</td>
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<tr style="VERTICAL-ALIGN: top">
<td>William Adams IV*</td>
<td>Margo Cook**</td>
<td>Jack B. Evans</td>
<td>William C. Hunter</td>
<td>David J. Kundert</td>
<td>Albin F. Moschner</td>
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<td>John K. Nelson</td>
<td>William J. Schneider</td>
<td>Judith M. Stockdale</td>
<td>Carole E. Stone</td>
<td>Terence J. Toth</td>
<td>Margaret L. Wolff</td>
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<tr style="VERTICAL-ALIGN: top">
<td>Robert L. Young***</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
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<td style="WIDTH: 7%">*</td>
<td style="WIDTH: 93%">Interested Board Member and retired from the Fund&#8217;s Board of Trustees effective June 30, 2017.</td>
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<tr style="VERTICAL-ALIGN: top">
<td>**</td>
<td>Interested Board Member.</td>
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<tr style="VERTICAL-ALIGN: top">
<td>***</td>
<td>Effective July 1, 2017.</td>
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<td><b>Fund</b> <b>Manager</b></td>
<td><b>Custodian</b></td>
<td><b>Legal</b> <b>Counsel</b></td>
<td colspan="2"><b>Independent Registered</b></td>
<td><b>Transfer Agent and</b></td>
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<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 19%">Nuveen Fund Advisors, LLC</td>
<td style="WIDTH: 17%">State Street Bank</td>
<td style="WIDTH: 17%">Chapman and Cutler LLP</td>
<td style="WIDTH: 16%"><b>Public Accounting Firm</b></td>
<td style="WIDTH: 10%">&#160;</td>
<td style="WIDTH: 21%"><b>Shareholder Services</b></td>
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<tr style="VERTICAL-ALIGN: top">
<td>333 West Wacker Drive</td>
<td>and Trust Company</td>
<td>Chicago, IL 60603</td>
<td>KPMG LLP</td>
<td>&#160;</td>
<td>State Street Bank</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>Chicago, IL 60606</td>
<td>One Lincoln Street</td>
<td>&#160;</td>
<td>200 East Randolph Drive</td>
<td>&#160;</td>
<td>&amp; Trust Company</td>
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<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>Boston, MA 02111</td>
<td>&#160;</td>
<td>Chicago, IL 60601</td>
<td>&#160;</td>
<td>Nuveen Funds</td>
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<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>P.O. Box 43071</td>
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<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>Providence, RI 02940-3071</td>
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<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>&#160;</td>
<td>(800) 257-8787</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
<td style="BORDER-BOTTOM: black 1pt solid">&#160;</td>
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<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Quarterly Form N-Q Portfolio of Investments Information</b><br>
 Each Fund is required to file its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. You may obtain this information directly from the SEC. Visit the SEC on-line at http://www.sec.gov or in person at the SEC&#8217;s Public Reference Room in Washington, D.C. Call the SEC toll-free at (800) SEC-0330 for room hours and operation.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Nuveen Funds&#8217; Proxy Voting Information</b><br>
 You may obtain (i) information regarding how each fund voted proxies relating to portfolio securities held during the most recent twelve-month period ended June 30, without charge, upon request, by calling Nuveen toll-free at (800) 257-8787 or on Nuveen&#8217;s website at www.nuveen.com and (ii) a description of the policies and procedures that each fund used to determine how to vote proxies relating to portfolio securities without charge, upon request, by calling Nuveen toll free at (800) 257-8787. You may also obtain this information directly from the SEC. Visit the SEC on-line at http://www.sec.gov.</p>

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<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>CEO Certification Disclosure</b><br>
 Each Fund&#8217;s Chief Executive Officer (CEO) has submitted to the New York Stock Exchange (NYSE) the annual CEO certification as required by Section 303A.12(a) of the NYSE Listed Company Manual. Each Fund has filed with the SEC the certification of its CEO and Chief Financial Officer required by Section 302 of the Sarbanes-Oxley Act.</p>

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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Common Share Repurchases</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Each Fund intends to repurchase, through its open-market share repurchase program, shares of its own common stock at such times and in such amounts as is deemed advisable. During the period covered by this report, each Fund repurchased shares of its common stock as shown in the accompanying table. Any future repurchases will be reported to shareholders in the next annual or semi-annual report.</p>

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<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 60%">&#160;</td>
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<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NVG</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NZF</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 2%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; TEXT-ALIGN: right; WIDTH: 10%"><b>NMZ</b></td>
<td style="BORDER-BOTTOM: windowtext 1pt solid; WIDTH: 1%">&#160;</td>
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<td style="BORDER-BOTTOM: windowtext 2pt solid">Common shares repurchased</td>
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<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
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<td style="BORDER-BOTTOM: windowtext 2pt solid">&#160;</td>
<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
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<td style="BORDER-BOTTOM: windowtext 2pt solid; TEXT-ALIGN: right">&#8212;</td>
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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">FINRA BrokerCheck</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The Financial Industry Regulatory Authority (FINRA) provides information regarding the disciplinary history of FINRA member firms and associated investment professionals. This information as well as an investor brochure describing FINRA BrokerCheck is available to the public by calling the FINRA BrokerCheck Hotline number at (800) 289-9999 or by visiting www.FINRA.org.</p>

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<p style="FONT: bold 18pt Arial; MARGIN: 8pt 0px 0px">Glossary of Terms Used in this Report</p>

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<td style="WIDTH: 4%">&#9632;</td>
<td style="WIDTH: 96%"><b>Auction Rate Bond: </b>An auction rate bond is a security whose interest payments are adjusted periodically through an auction process, which process typically also serves as a means for buying and selling the bond. Auctions that fail to attract enough buyers for all the shares offered for sale are deemed to have &#8220;failed,&#8221; with current holders receiving a formula-based interest rate until the next scheduled auction. </td>
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<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Average Annual Total Return: </b>This is a commonly used method to express an investment&#8217;s performance over a particular, usually multi-year time period. It expresses the return that would have been necessary each year to equal the investment&#8217;s actual cumulative performance (including change in NAV or market price and reinvested dividends and capital gains distributions, if any) over the time period being considered. </td>
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<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Duration: </b>Duration is a measure of the expected period over which a bond&#8217;s principal and interest will be paid, and consequently is a measure of the sensitivity of a bond&#8217;s or bond fund&#8217;s value to changes when market interest rates change. Generally, the longer a bond&#8217;s or fund&#8217;s duration, the more the price of the bond or fund will change as interest rates change.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Effective Leverage: </b>Effective leverage is a fund&#8217;s effective economic leverage, and includes both regulatory leverage (see leverage) and the leverage effects of certain derivative investments in the fund&#8217;s portfolio. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any regulatory leverage.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Forward Interest Rate Swap: </b>A contractual agreement between two counterparties under which one party agrees to make periodic payments to the other for an agreed period of time based on a fixed rate, while the other party agrees to make periodic payments based on a floating rate of interest based on an underlying index. Alternatively, both series of cash flows to be exchanged could be calculated using floating rates of interest but floating rates that are based upon different underlying indexes.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Industrial Development Revenue Bond (IDR): </b>A unique type of revenue bond issued by a state or local government agency on behalf of a private sector company and intended to build or acquire factories or other heavy equipment and tools.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Inverse Floating Rate Securities: </b>Inverse floating rate securities, also known as inverse floaters or tender option bonds (TOBs), are created by depositing a municipal bond, typically with a fixed interest rate, into a special purpose trust. This trust, in turn, (a) issues floating rate certificates typically paying short-term tax-exempt interest rates to third parties in amounts equal to some fraction of the deposited bond&#8217;s par amount or market value, and (b) issues an inverse floating rate certificate (sometimes referred to as an &#8220;inverse floater&#8221;) to an investor (such as a fund) interested in gaining investment exposure to a long-term municipal bond. The income received by the holder of the inverse floater varies inversely with the short-term rate paid to the floating rate certificates&#8217; holders, and in most circumstances the holder of the inverse floater bears substantially all of the underlying bond&#8217;s downside investment risk. The holder of the inverse floater typically also benefits disproportionately from any potential appreciation of the underlying bond&#8217;s value. Hence, an inverse floater essentially represents an investment in the underlying bond on a leveraged basis.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>Leverage: </b>Leverage is created whenever a fund has investment exposure (both reward and/or risk) equivalent to more than 100% of the investment capital.</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#160;</td>
<td>&#160;</td>
</tr>

<tr style="VERTICAL-ALIGN: top">
<td>&#9632;</td>
<td><b>NVG and NZF Custom Blended Fund Performance Benchmark: </b>The Fund Performance Benchmark is an unleveraged index consisting of the returns of the S&amp;P Municipal Bond Index prior to 9/12/16 and thereafter the returns of an 60%/40% blend of the S&amp;P Municipal Bond Investment Grade Index and the S&amp;P Municipal Bond High Yield Index, respectively. The S&amp;P Municipal Bond Index is an unmanaged, market value-weighted index designed to measure the performance of tax-exempt municipal bonds. The S&amp;P Municipal Bond Investment Grade Index is an unmanaged, market value-weighted index designed to measure the performance of tax-exempt municipal bonds rated investment grade by Standard &amp; Poor&#8217;s, Moody&#8217;s and/or Fitch. The S&amp;P Municipal Bond High Yield Index is an unmanaged, market value-weighted index designed to measure the performance of the tax-exempt, high yield municipal bonds. Index returns assume compounding and do not include the effects of any fees or expenses.</td>
</tr>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'; TEXT-ALIGN: right">NUVEEN</div>
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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"><b>Glossary of Terms Used in this Report </b>(continued)</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

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<td style="WIDTH: 96%"><b>Net Asset Value (NAV) Per Share: </b>A fund&#8217;s Net Assets is equal to its total assets (securities, cash, accrued earnings and receivables) less its total liabilities. NAV per share is equal to the fund&#8217;s Net Assets divided by its number of shares outstanding.</td>
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<td>&#160;</td>
<td>&#160;</td>
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<td>&#9632;</td>
<td><b>Pre-Refunding: </b>Pre-Refunding, also known as advanced refundings or refinancings, is a procedure used by state and local governments to refinance municipal bonds to lower interest expenses. The issuer sells new bonds with a lower yield and uses the proceeds to buy U.S. Treasury securities, the interest from which is used to make payments on the higher-yielding bonds. Because of this collateral, pre-refunding generally raises a bond&#8217;s credit rating and thus its value. </td>
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<td>&#160;</td>
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<td><b>Regulatory Leverage: </b>Regulatory leverage consists of preferred shares issued by or borrowings of a fund. Both of these are part of a fund&#8217;s capital structure. Regulatory leverage is subject to asset coverage limits set in the Investment Company Act of 1940.</td>
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<td>&#160;</td>
<td>&#160;</td>
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<td>&#9632;</td>
<td><b>S&amp;P Municipal Bond High Yield Index: </b>An unleveraged, market value-weighted index designed to measure the performance of the tax-exempt, investment grade U.S. high yield municipal bond market. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees.</td>
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<td>&#160;</td>
<td>&#160;</td>
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<td>&#9632;</td>
<td><b>S&amp;P Municipal Bond Index: </b>An unleveraged, market value-weighted index designed to measure the performance of the tax-exempt, investment-grade U.S. municipal bond market. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees.</td>
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<td>&#160;</td>
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<td>&#9632;</td>
<td><b>The S&amp;P Municipal Yield Index: </b>An unleveraged, market value-weighted index containing all bonds in the S&amp;P Municipal Bond Index that are non-rated bonds or whose ratings are BB+ by S&amp;P and BA-1 by Moody&#8217;s Investors Service, Inc. or lower. This index does not contain bonds that are pre-refunded or escrowed to maturity. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or fees. </td>
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<td>&#160;</td>
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<td>&#9632;</td>
<td><b>Total Investment Exposure: </b>Total investment exposure is a fund&#8217;s assets managed by the Adviser that are attributable to financial leverage. For these purposes, financial leverage includes a fund&#8217;s use of preferred stock and borrowings and investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust&#8217;s issuance of floating rate securities.</td>
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<td><b>Zero Coupon Bond: </b>A zero coupon bond does not pay a regular interest coupon to its holders during the life of the bond. Income to the holder of the bond comes from accretion of the difference between the original purchase price of the bond at issuance and the par value of the bond at maturity and is effectively paid at maturity. The market prices of zero coupon bonds generally are more volatile than the market prices of bonds that pay interest periodically.</td>
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<td style="FONT-SIZE: 18pt; WIDTH: 100%"><b>Reinvest Automatically,</b> &#160;<b>Easily and Conveniently</b></td>
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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Nuveen makes reinvesting easy. A phone call is all it takes to set up your reinvestment account.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Nuveen Closed-End Funds Automatic Reinvestment Plan </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Nuveen Closed-End Fund allows you to conveniently reinvest distributions in additional Fund shares. By choosing to reinvest, you&#8217;ll be able to invest money regularly and automatically, and watch your investment grow through the power of compounding. Just like distributions in cash, there may be times when income or capital gains taxes may be payable on distributions that are reinvested. It is important to note that an automatic reinvestment plan does not ensure a profit, nor does it protect you against loss in a declining market.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Easy and convenient </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">To make recordkeeping easy and convenient, each month you&#8217;ll receive a statement showing your total distributions, the date of investment, the shares acquired and the price per share, and the total number of shares you own.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">How shares are purchased</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">The shares you acquire by reinvesting will either be purchased on the open market or newly issued by the Fund. If the shares are trading at or above net asset value at the time of valuation, the Fund will issue new shares at the greater of the net asset value or 95% of the then-current market price. If the shares are trading at less than net asset value, shares for your account will be purchased on the open market. If the Plan Agent begins purchasing Fund shares on the open market while shares are trading below net asset value, but the Fund&#8217;s shares subsequently trade at or above their net asset value before the Plan Agent is able to complete its purchases, the Plan Agent may cease open-market purchases and may invest the uninvested portion of the distribution in newly-issued Fund shares at a price equal to the greater of the shares&#8217; net asset value or 95% of the shares&#8217; market value on the last business day immediately prior to the purchase date. Distributions received to purchase shares in the open market will normally be invested shortly after the distribution payment date. No interest will be paid on distributions awaiting reinvestment. Because the market price of the shares may increase before purchases are completed, the average purchase price per share may exceed the market price at the time of valuation, resulting in the acquisition of fewer shares than if the distribution had been paid in shares issued by the Fund. A pro rata portion of any applicable brokerage commissions on open market purchases will be paid by Plan participants. These commissions usually will be lower than those charged on individual transactions.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Flexible</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">You may change your distribution option or withdraw from the Plan at any time, should your needs or situation change. You can reinvest whether your shares are registered in your name, or in the name of a brokerage firm, bank, or other nominee. Ask your investment advisor if his or her firm will participate on your behalf. Participants whose shares are registered in the name of one firm may not be able to transfer the shares to another firm and continue to participate in the Plan. The Fund reserves the right to amend or terminate the Plan at any time. Although the Fund reserves the right to amend the Plan to include a service charge payable by the participants, there is no direct service charge to participants in the Plan at this time.</p>

<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Call today to start reinvesting distributions </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">For more information on the Nuveen Automatic Reinvestment Plan or to enroll in or withdraw from the Plan, speak with your financial advisor or call us at (800) 257-8787.</p>

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<p style="TEXT-ALIGN: center; FONT: bold 18pt Arial; MARGIN: 8pt 0px 0px">Notes</p>

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<p style="TEXT-ALIGN: center; FONT: bold 18pt Arial; MARGIN: 8pt 0px 0px">Notes</p>

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<p style="FONT: 18pt Arial; MARGIN: 8pt 0px 0px">Nuveen:</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-SIZE: 18pt"><b>Serving Investors for Generations</b></font></p>

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<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px"></p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Since 1898, financial advisors and their clients have relied on Nuveen to provide dependable investment solutions through continued adherence to proven, long-term investing principles. Today, we offer a range of high quality solutions designed to be integral components of a well-diversified core portfolio.</p>

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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Focused on meeting investor needs.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Nuveen is the investment management arm of TIAA. We have grown into one of the world&#8217;s premier global asset managers, with specialist knowledge across all major asset classes and particular strength in solutions that provide income for investors and that draw on our expertise in alternatives and responsible investing. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources that a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create solutions which help them secure their financial future.</p>

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<p style="FONT: bold 10pt Arial; MARGIN: 8pt 0px 0px">Find out how we can help you. </p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">To learn more about how the products and services of Nuveen may be able to help you meet your financial goals, talk to your financial advisor, or call us at (800) 257-8787. Please read the information provided carefully before you invest. Investors should consider the investment objective and policies, risk considerations, charges and expenses of any investment carefully. Where applicable, be sure to obtain a prospectus, which contains this and other relevant information. To obtain a prospectus, please contact your securities representative or Nuveen, 333 W. Wacker Dr., Chicago, IL 60606. Please read the prospectus carefully before you invest or send money.</p>

<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">Learn more about Nuveen Funds at: <b>www.nuveen.com/cef&#160;</b></p>

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<td style="WIDTH: 75%"><b>Securities offered through Nuveen Securities, LLC, member FINRA and SIPC | 333 West Wacker Drive Chicago, IL 60606 | www.nuveen.com</b></td>
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<p style="FONT: 10pt Arial; MARGIN: 8pt 0px 0px">&#160;</p>

<p style="TEXT-ALIGN: right; FONT: 10pt Arial; MARGIN: 0px">ESA-C-0417D 184325-INV-B-06/18</p>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: block; TEXT-INDENT: 0pt">ITEM 2. CODE OF ETHICS.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable to this filing.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable to this filing.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable to this filing.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable to this filing.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 6. SCHEDULE OF INVESTMENTS.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 36pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(a) See Portfolio of Investments in Item 1.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 36pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(b) Not applicable.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable to this filing.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable to this filing.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Not applicable.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board implemented after the registrant last provided disclosure in response to this Item.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 11. CONTROLS AND PROCEDURES.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left">The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")(17 CFR 240.13a-15(b) or 240.15d-15(b)).</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left">There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">ITEM 12. EXHIBITS.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">File the exhibits listed below as part of this Form.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left">Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left">A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: See Ex-99.CERT attached hereto.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left">Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the&#160;&#160;report by or on behalf of the registrant to 10 or more persons: Not applicable.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left">If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)); Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed "filed" for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference: See Ex-99.906 CERT attached hereto.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; TEXT-ALIGN: center; DISPLAY: block; TEXT-INDENT: 0pt">SIGNATURES</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(Registrant) <font style="TEXT-DECORATION: underline; DISPLAY: inline">Nuveen AMT-Free Municipal Credit Income Fund</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By (Signature and Title)<font style="FONT-SIZE: 10pt; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>&#160;<font style="FONT-FAMILY: 'Times New Roman'; DISPLAY: inline">/s/ Gifford R. Zimmerman</font></u></font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Gifford R. Zimmerman</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Vice President and Secretary</div>

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<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Date:&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">July 6, 2017</font></font><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By (Signature and Title) <font style="TEXT-DECORATION: underline; DISPLAY: inline">/s/ Cedric H. Antosiewicz</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Cedric H. Antosiewicz</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date:&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">July 6, 2017</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By (Signature and Title) <font style="TEXT-DECORATION: underline; DISPLAY: inline">/s/ Stephen D. Foy</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Stephen D. Foy</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date:&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">July 6, 2017</font><br>
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<DOCUMENT>
<TYPE>EX-99.CERT
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<FILENAME>ex99cert.htm
<DESCRIPTION>CERTIFICATIONS
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">I, Cedric H. Antosiewicz, certify that:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">I have reviewed this report on Form N-CSR of Nuveen AMT-Free Municipal Credit Income Fund;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</div>
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<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
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<div>
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<td style="WIDTH: 54pt" align="right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(d)&#160;&#160;</div>
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<td>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</div>
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<td>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</div>
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<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(a)&#160;&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(b)&#160;&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</div>
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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date:&#160;July 6, 2017</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; TEXT-DECORATION: underline; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">/s/ Cedric H. Antosiewicz</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Cedric H. Antosiewicz</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: center; WIDTH: 100%"></div>

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<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">I, Stephen D. Foy, certify that:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">I have reviewed this report on Form N-CSR of Nuveen AMT-Free Municipal Credit Income Fund;</div>
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<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
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<td>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</div>
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</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</div>
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<tr valign="top">
<td style="WIDTH: 54pt" align="right">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</div>
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<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date:&#160;July 6, 2017</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Stephen D. Foy</div>

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<div><br>
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<DOCUMENT>
<TYPE>EX-99.906 CERT
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<div>&#160;</div>

<div>&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Certification Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002; provided by the Chief Executive Officer and Chief Financial Officer, based on each such officer's knowledge and belief.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The undersigned officers of Nuveen AMT-Free Municipal Credit Income Fund (the &#8220;Fund&#8221;), certify that, to the best of each such officer's knowledge and belief:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The Form N-CSR of the Fund for the period ended&#160;April 30, 2017&#160;(the &#8220;Report&#8221;) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Date:&#160;July 6,&#160;2017</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Cedric H. Antosiewicz</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Chief Administrative Officer</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(principal executive officer)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; TEXT-DECORATION: underline; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">/s/ Stephen D. Foy</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Stephen D. Foy</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">Vice President, Controller</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">(principal financial officer)</div>

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<DOCUMENT>
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<FILENAME>fsc.jpg
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>logo.jpg
<TEXT>
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<TEXT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
