UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-22752

Nuveen Intermediate Duration Municipal Term Fund

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, IL 60606

(Address of principal executive offices) (Zip code)

Mark L. Winget

Nuveen Investments

333 West Wacker Drive

Chicago, IL 60606

(Name and address of agent for service)

Registrant’s telephone number, including area code: (312) 917-7700

Date of fiscal year end: May 31

Date of reporting period: November 30, 2022

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.

ITEM 1. REPORTS TO STOCKHOLDERS.


Closed-End	30 November
Funds	2022

Nuveen Municipal Closed-End Funds

NID	Nuveen Intermediate Duration Municipal Term Fund
NIQ	Nuveen Intermediate Duration Quality Municipal Term Fund

Semiannual Report

Life is Complex.

Nuveen makes things e-simple.

It only takes a minute to sign up for e-Reports. Once enrolled, you’ll receive an e-mail as soon as your Nuveen Fund information is ready—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.

Free e-Reports
right to your e-mail!

www.investordelivery.com
If you receive your Nuveen Fund
dividends and statements from your
financial professional or brokerage account.

or

www.nuveen.com/client-access
If you receive your Nuveen Fund
dividends and statements directly from
Nuveen.

NOT FDIC INSURED MAY LOSE
VALUE NO BANK GUARANTEE

Table of Contents

Chair’s Letter to Shareholders	4
Important Notices	5
Fund Leverage	6
Common Share Information	8
Performance Overview and Holding Summaries	10
Shareholder Meeting Report	14
Portfolios of Investments	15
Statement of Assets and Liabilities	40
Statement of Operations	41
Statement of Changes in Net Assets	42
Statement of Cash Flows	43
Financial Highlights	44
Notes to Financial Statements	47
Risk Considerations	59
Additional Fund Information	60
Glossary of Terms Used in this Report	61

Chair’s Letter
to Shareholders

Dear Shareholders,

With more economic indicators pointing to a broadening contraction across the world’s economies, the conversation has shifted from debating whether a global recession would happen to considering by how much and for how long. Higher than expected inflation has made the outcome more unpredictable, as it has dampened consumer sentiment, pushed central banks into raising interest rates more aggressively and contributed to considerable turbulence in the markets this year.

Inflation has surged partially due to pandemic-related supply chain bottlenecks, exacerbated by Russia’s war in Ukraine and China’s recurring COVID-19 lockdowns throughout the year until their zero-COVID policy effectively ended in December 2022. This has necessitated increasingly forceful responses from the U.S. Federal Reserve (Fed) and other central banks, who have signaled their intentions to slow inflation while tolerating materially slower economic growth and some softening in the labor market. In March 2022, the Fed began the fastest interest rate hiking cycle in its history, raising the target fed funds rate by 4.25% over a nine-month span to a range of 4.25% to 4.50% by year-end. While inflation began to ease over the second half of 2022, it remains far higher than the Fed’s inflation target. Additional rate hikes are expected in 2023, as Fed officials closely monitor inflation data along with other economic measures and will modify their rate setting policy based upon these factors. After contracting in the first half of 2022, U.S. gross domestic product resumed positive growth in the third quarter, according to the government’s estimates. The recent strength was largely attributed to a narrowing in the trade deficit while consumer and business activity has remained slower in part due to higher prices and borrowing costs. The sharp increase in the U.S. dollar’s value relative to other currencies in 2022 has added further uncertainty to the economic outlook. However, the still strong labor market suggests not all areas of the economy are weakening in unison.

While markets will likely continue fluctuating with the daily headlines, we encourage investors to keep a long-term perspective. To learn more about how well your portfolio is aligned to your time horizon, risk tolerance and investment goals, consider reviewing it with your financial professional.

On behalf of the other members of the Nuveen Fund Board, we look forward to continuing to earn your trust in the months and years ahead.

Sincerely,

Terence J. Toth
Chair of the Board
January 20, 2023

Important Notices

For Shareholders of

Nuveen Intermediate Duration Municipal Term Fund (NID)
Nuveen Intermediate Duration Quality Municipal Term Fund (NIQ)

Portfolio Manager Commentaries in Semiannual Shareholder Reports

The Funds include portfolio manager commentary in their annual shareholder reports. For the Funds’ most recent annual portfolio manager discussion, please refer to the Portfolio Managers’ Comments section of each Fund’s May 31, 2022 annual shareholder report.

For current information on your Fund’s investment objectives, portfolio management team and average annual total returns please refer to the Fund’s website at www.nuveen.com.

For changes that occurred to your Fund both during and subsequent to this reporting period, please refer to the Notes to Financial Statements section of this report.

For average annual total returns as of the end of this reporting period, please refer to the Performance Overview and Holding Summaries section within this report.

NID and NIQ Announce Liquidation Details

The Board of Trustees (the "Board") of NID and NIQ have approved the liquidation of each fund upon the fund’s originally scheduled termination date. NID intends to liquidate on or before March 31, 2023, and NIQ intends to liquidate on or before June 30, 2023.

The Board of each fund have elected not to proceed with a restructuring proposal previously approved by shareholders on October 12, 2022. The restructuring would have eliminated the termination dates for each fund, subject to various conditions including the successful completion of a tender offer for 100% of each fund’s outstanding common shares at net asset value. Each fund owns certain securities which, because of a significant increase in value, have grown to constitute a significant percentage of each fund’s common assets (approximately 12.6% of NID and 4.3% of NIQ as of January 24, 2023). These securities are currently illiquid and likely cannot be sold to generate proceeds needed to satisfy tendering shareholders. This caused the Board of each fund to conclude that, if either fund were to engage in a tender offer, the concentration of illiquid securities in the fund after such a tender would be unreasonably large and that neither fund would likely retain sufficient size after a tender to remain viable. Therefore, each Board determined that liquidation and closure, on its originally scheduled termination date, is in the best interest of each fund and its shareholders.

As the funds approach their respective termination dates, each fund will begin the orderly liquidation of its assets. As a fund’s portfolio securities are sold, the fund may deviate from its investment objective and policies. Any securities that cannot be sold within a reasonable period of time by a fund will be contributed to a liquidating trust. The liquidating trust is intended to provide an orderly disposition of such illiquid assets.

Upon termination, each fund anticipates distributing to all fund shareholders (i) cash raised from the sale of portfolio securities and (ii) interests in the liquidating trust equal in relative proportion to the percentage of the outstanding shares owned by a shareholder on the liquidation date. Interests in the liquidating trust will not trade on an exchange and may not be sold or transferred, except as permitted by applicable law. The liquidating trust will subsequently distribute cash proceeds in one or more payments as the securities in the liquidating trust can be sold or otherwise liquidated. The timing of when cash distributions will be made from the liquidating trust cannot be predicted. Shareholders may recognize a gain or loss for U.S. tax purposes as a result of the liquidation. Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation.

As NID and NIQ approach liquidation, each fund’s common shares will continue trading on the New York Stock Exchange. NID common shares will be suspended from trading before the open of trading on March 27, 2023. NIQ common shares will be suspended from trading before the open of trading on June 26, 2023.

Fund Leverage

IMPACT OF THE FUNDS’ LEVERAGE STRATEGIES ON PERFORMANCE

One important factor impacting the returns of the Funds’ common shares relative to their comparative benchmarks was the Funds’ 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. The opportunity arises when short-term rates that the Fund pays on its leveraging instruments are lower than the interest the Fund earns on its portfolio of long-term bonds that it has bought with the proceeds of that leverage. This has been particularly true in the recent market environment where short-term rates have been low by historical standards.

However, use of leverage can expose Fund common shares to additional price volatility. When a Fund uses leverage, the Fund’s common shares will experience a greater increase in their net asset value if the municipal bonds acquired through the use of leverage increase in value, but will also experience a correspondingly larger decline in their net asset value if the bonds acquired through leverage decline in value. All this will make the shares’ total return performance more variable over time.

In addition, common share 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. In recent quarters, fund leverage expenses have generally tracked the overall movement of short-term tax-exempt interest rates. While fund leverage expenses are somewhat higher than their recent lows, leverage nevertheless continues to provide the opportunity for incremental common share income, particularly over longer-term periods.

The Funds’ use of leverage detracted from relative performance during the reporting period.

As of November 30, 2022, the Funds’ percentages of leverage are as shown in the accompanying table.


	NID	NIQ
Effective Leverage*	29.87%	6.46%
Regulatory Leverage*	21.88%	0.00%

Effective Leverage is a Fund’s effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund’s portfolio that increase the Fund’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’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’s effective leverage ratio. Regulatory leverage is subject to asset coverage limits set forth in the Investment Company Act of 1940.

THE FUNDS’ REGULATORY LEVERAGE

As of November 30, 2022, the Fund has issued and outstanding preferred shares as shown in the accompanying table.


		Variable Rate
	Variable Rate	Remarketed
	Preferred*	Preferred**
	Shares	Shares
	Issued at	Issued at
	Liquidation	Liquidation
	Preference	Preference	Total
NID	$175,000,000	$ —	$175,000,000

Preferred shares of the Fund featuring a floating rate dividend based on a predetermined formula or spread to an index rate. Includes the following preferred shares AMTP, iMTP, MFP-VRM and VRDP in Special Rate Mode, where applicable. See Notes to Financial Statements, Note 5 – Fund Shares for further details.

Preferred shares of the Fund featuring floating rate dividends set by a remarketing agent via a regular remarketing. Includes the following preferred shares VRDP not in Special Rate Mode, MFP-VRRM and MFP-VRDM, where applicable. See Notes to Financial Statements, Note 5 – Fund Shares for further details.

Refer to Notes to Financial Statements, Note 5 – Fund Shares for further details on preferred shares and each Fund’s respective transactions.

Common Share Information

COMMON SHARE DISTRIBUTION INFORMATION

The following information regarding the Funds’ distributions is current as of November 30, 2022. Each Fund’s distribution levels may vary over time based on each Fund’s investment activity and portfolio investment value changes.

During the current reporting period, each Fund’s distributions to common shareholders were as shown in the accompanying table.


	Per Common
	Share Amounts
Month Distributions (Ex-Dividend Date)	NID	NIQ
June 2022	$0.0465	$0.0385
July	0.0465	0.0350
August	0.0465	0.0350
September	0.0465	0.0350
October	0.0430	0.0295
November 2022	0.0430	0.0295
Total Distributions from Net Investment Income	$0.2720	$0.2025
Yields
Market Yield*	3.95%	2.83%
Taxable-Equivalent Yield*	6.65%	4.78%

* Market Yield is based on the Fund’s current annualized monthly dividend divided by the Fund’s current market price as of the end of the reporting period. Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on an income tax rate of 40.8%. Your actual federal income tax rate may differ from the assumed rate. The Taxable-Equivalent Yield also takes into account the percentage of the Fund’s income generated and paid by the Fund (based on payments made during the previous calendar year) that was not exempt from federal income tax. Separately, if the comparison were instead to investments that generate qualified dividend income, which is taxable at a rate lower than an individual’s ordinary graduated tax rate, the fund’s Taxable-Equivalent Yield would be lower.

Each Fund seeks to pay regular monthly dividends out of its net investment income at a rate that reflects its past and projected net income performance. To permit each Fund to maintain a more stable monthly dividend, the Fund may pay dividends at a rate that may be more or less than the amount of net income actually earned by the Fund during the period. Distributions to common shareholders are determined on a tax basis, which may differ from amounts recorded in the accounting records. In instances where the monthly dividend exceeds the earned net investment income, the Fund would report a negative undistributed net ordinary income. Refer to Note 6 – Income Tax Information for additional information regarding the amounts of undistributed net ordinary income and undistributed net long-term capital gains and the character of the actual distributions paid by the Fund during the period.

All monthly dividends paid by each Fund during the current reporting period were paid from net investment income. If a portion of the Fund’s monthly distributions is sourced from or comprised of elements other than net investment income, including capital gains and/or a return of capital, shareholders will be notified of those sources. For financial reporting purposes, per share amounts of each Fund’s distributions for the reporting period are presented in this report’s Financial Highlights. For income tax purposes, distribution information for each Fund as of its most recent tax year end is presented in Note 6 — Income Tax Information within the Notes to Financial Statements of this report.

NUVEEN CLOSED-END FUND DISTRIBUTION AMOUNTS

The Nuveen Closed-End Funds’ monthly and quarterly periodic distributions to shareholders are posted on www.nuveen.com and can be found on Nuveen’s enhanced closed-end fund resource page, which is at https://www.nuveen.com/resource-center-closed-end-funds, along with other Nuveen closed-end fund product updates. To ensure timely access to the latest information, shareholders may use a subscribe function, which can be activated at this web page (https://www.nuveen.com/subscriptions).

COMMON SHARE REPURCHASES

During August 2022, the Funds’ Board of Trustees reauthorized an open-market common share repurchase program, allowing each Fund to repurchase an aggregate of up to approximately 10% of its outstanding common shares.

During the current reporting period, the Funds did not repurchase any of their outstanding common shares. As of November 30, 2022, (and since the inception of the Funds’ repurchase programs), each Fund has cumulatively repurchased and retired its outstanding common shares as shown in the accompanying table.

	NID	NIQ
Common shares cumulatively repurchased and retired	0	0
Common shares authorized for repurchase	4,690,000	1,305,000

OTHER COMMON SHARE INFORMATION

As of November 30, 2022, the Funds’ common share prices were trading at a premium/(discount) to their common share NAVs, and trading at an average premium/(discount) to NAV during the current reporting period, as follows:


	NID	NIQ
Common share NAV	$13.32	$12.92
Common share price	$13.07	$12.51
Premium/(Discount) to NAV	(1.88)%	(3.17)%
Average premium/(discount) to NAV	(2.23)%	(2.63)%


NID	Nuveen Intermediate Duration Municipal
	Term Fund
	Performance Overview and Holding Summaries as of
	November 30, 2022

Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.

Average Annual Total Returns as of November 30, 2022*


	Cumulative	Average Annual
				Since
	6-Month	1-Year	5-Year	Inception
NID at Common Share NAV	(1.56)%	(7.45)%	3.29%	3.61%
NID at Common Share Price	(2.58)%	(8.88)%	3.96%	3.19%
S&P Intermediate Duration Municipal Yield Index	(1.42)%	(7.26)%	2.66%	3.05%

* For purposes of Fund performance, relative results are measured against the S&P Intermediate Duration Municipal Yield Index.

Since inception returns are from 12/05/12. Performance data shown represents past performance and does not predict or guarantee future results. Current performance may be higher or lower than the data shown. Returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares. Returns at NAV are net of Fund expenses, and assume reinvestment of distributions. Comparative index return information is provided for the Fund’s shares at NAV only. Indexes are not available for direct investment.

Daily Common Share NAV and Share Price

This data relates to the securities held in the Fund’s portfolio of investments as of the end of the reporting period. It should not be construed as a measure of performance for the Fund itself. Holdings are subject to change.

For financial reporting purposes, the ratings disclosed are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national rating agencies.


Fund Allocation
(% of net assets)
Long-Term Municipal Bonds	117.8%
Common Stocks	12.2%
Other Assets Less Liabilities	1.2%
Net Assets Plus Floating Rate
Obligations & AMTP Shares,
net of deferred offering costs	131.2%
Floating Rate Obligations	(3.2)%
AMTP Shares, net of deferred
offering costs	(28.0)%
Net Assets	100%
Portfolio Credit Quality
(% of total investment exposure)
U.S. Guaranteed	2.1%
AAA	0.9%
AA	15.6%
A	12.2%
BBB	18.3%
BB or Lower	15.2%
N/R (not rated)	26.3%
N/A (not applicable)	9.4%
Total	100%


Portfolio Composition
(% of total investments)
Tax Obligation/Limited	19.7%
Tax Obligation/General	15.8%
Transportation	14.7%
Health Care	14.4%
Utilities	5.3%
Education and Civic Organizations	4.8%
Common Stocks	9.4%
Other	15.9%
Total	100%


State and Territories¹
(as a % of total municipal bonds)
Illinois	13.3%
Puerto Rico	10.1%
Florida	9.8%
New York	9.5%
New Jersey	7.6%
California	6.5%
Pennsylvania	5.0%
Ohio	4.5%
Texas	3.9%
Colorado	3.2%
Michigan	3.0%
Wisconsin	3.0%
Washington	2.1%
Other	18.5%
Total	100%

¹See the Portfolio of Investments for the remaining states comprising “Other” and not listed in the table above.


NIQ	Nuveen Intermediate Duration Quality
	Municipal Term Fund
	Performance Overview and Holding Summaries as of
	November 30, 2022

Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.

Average Annual Total Returns as of November 30, 2022*


	Cumulative	Average Annual
				Since
	6-Month	1-Year	5-Year	Inception
NIQ at Common Share NAV	(2.43)%	(10.44)%	1.67%	2.43%
NIQ at Common Share Price	(3.33)%	(12.40)%	2.57%	1.84%
S&P Municipal Bond Intermediate Index	(0.48)%	(6.76)%	1.60%	2.09%

* For purposes of Fund performance, relative results are measured against the S&P Municipal Bond Intermediate Index.

Since inception returns are from 2/07/13. Performance data shown represents past performance and does not predict or guarantee future results. Current performance may be higher or lower than the data shown. Returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares. Returns at NAV are net of Fund expenses, and assume reinvestment of distributions. Comparative index return information is provided for the Fund’s shares at NAV only. Indexes are not available for direct investment.

Daily Common Share NAV and Share Price


Fund Allocation
(% of net assets)
Long-Term Municipal Bonds	95.3%
Common Stocks	4.5%
Other Assets Less Liabilities	0.2%
Net Assets	100%
Portfolio Credit Quality
(% of total investment exposure)
U.S. Guaranteed	1.5%
AAA	3.4%
AA	36.4%
A	24.3%
BBB	19.6%
BB or Lower	4.3%
N/R (not rated)	5.9%
N/A (not applicable)	4.6%
Total	100%


Portfolio Composition
(% of total investments)
Utilities	25.8%
Transportation	14.9%
Tax Obligation/Limited	14.8%
Health Care	11.3%
Education and Civic Organizations	10.7%
Tax Obligation/General	9.3%
Common Stocks	4.6%
Other	8.6%
Total	100%


State and Territories¹
(as a % of total municipal bonds)
Colorado	13.5%
Tennessee	9.4%
Illinois	8.8%
Michigan	7.9%
New York	7.3%
California	6.7%
Kentucky	5.2%
Georgia	5.1%
District of Columbia	3.6%
Ohio	3.2%
Florida	3.0%
Texas	2.7%
Maine	2.7%
New Jersey	2.6%
Other	18.3%
Total	100%

¹See the Portfolio of Investments for the remaining states comprising “Other” and not listed in the table above.

Shareholder Meeting Report

A special meeting of shareholders was held on October 12, 2022 for NID and NIQ. The meeting was held virtually due to public health concerns regarding the ongoing COVID-19 pandemic; at this meeting shareholders of each fund were asked to approve an amendment to their respective Fund's Declaration of Trust.


	NID	NIQ
	Common and	Common and
	Preferred	Preferred
	shares voting	shares voting
	together	together
	as a class	as a class
To approve an amendment to the Fund’s Declaration of Trust
For	24,243,210	7,491,959
Against	1,983,951	498,438
Abstain	855,217	330,466
Total	27,082,378	8,320,863


NID	Nuveen Intermediate Duration Municipal
	Term Fund
	Portfolio of Investments
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	LONG-TERM INVESTMENTS – 130.0% (100.0% of Total Investments)
	MUNICIPAL BONDS – 117.8% (90.6% of Total Investments)
	Alabama – 0.1% (0.1% of Total Investments)
$ 755	Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,	10/29 at 100.00	BB	$ 789,587
	United States Steel Corporation Proejcet, Series 2019, 5.750%, 10/01/49, (AMT)
	Arizona – 0.7% (0.5% of Total Investments)
680	Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, Special	7/25 at 100.00	N/R	651,685
	Assessment Revenue Bonds, Montecito Assessment District 2, Series 2015, 4.750%, 7/01/30, 144A
230	Florence Town Inc., Industrial Development Authority, Arizona, Education Revenue Bonds,	No Opt. Call	BB+ (4)	232,937
	Legacy Traditional School Project – Queen Creek and Casa Grande Campuses, Series 2013,
	5.000%, 7/01/23, (ETM), 144A
2,000	Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue	7/29 at 100.00	A	2,183,680
	Bonds, Series 2019A, 5.000%, 7/01/32
290	Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds,	7/25 at 100.00	BB+	268,891
	Legacy Traditional Schools Projects, Series 2015, 5.000%, 7/01/45, 144A
1,000	Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Guam Facilities	2/24 at 100.00	B+	1,000,730
	Foundation, Inc. Project, Series 2014, 5.125%, 2/01/34
4,200	Total Arizona			4,337,923
	Arkansas – 1.2% (0.9% of Total Investments)
2,825	Arkansas Development Finance Authority, Arkansas, Environmental Improvement Revenue	9/25 at 105.00	BB	2,808,248
	Bonds, United States Steel Corporation, Green Series 2022, 5.450%, 9/01/52, (AMT), 144A
5,165	Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River	9/26 at 103.00	Ba2	4,464,936
	Steel Project, Series 2019, 4.500%, 9/01/49, (AMT), 144A
7,990	Total Arkansas			7,273,184
	California – 7.6% (5.9% of Total Investments)
2,490	Alvord Unified School District, Riverside County, California, General Obligation Bonds,	No Opt. Call	AA	3,859,375
	Tender Option Bond Trust 2016-XG0089, Formerly Tender Option Bond Trust 3306, 19.384%,
	8/01/30, 144A, (IF) (5)
1,000	California Community Housing Agency, California, Essential Housing Revenue Bonds,	8/32 at 100.00	N/R	716,110
	Exchange at Bayfront Apartments, Junior Series 2021A-2, 4.000%, 8/01/51, 144A
3,440	California Community Housing Agency, California, Essential Housing Revenue Bonds,	2/30 at 100.00	N/R	3,018,909
	Serenity at Larkspur Apartments, Series 2020A, 5.000%, 2/01/50, 144A
400	California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,	6/30 at 100.00	A–	368,288
	Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/40
10	California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series	No Opt. Call	BBB+	9,263
	2019-2, 4.000%, 3/20/33 2033 2033
1,310	California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien	6/28 at 100.00	AA	1,188,249
	Series 2018A, 3.500%, 12/31/35 – AGM Insured, (AMT)
	California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group,
	Series 2017A:
1,095	5.250%, 11/01/29	11/26 at 100.00	BBB–	1,145,283
1,140	5.000%, 11/01/30	11/26 at 100.00	BBB–	1,177,517
1,000	California Pollution Control Financing Authority, Water Furnishing Revenue Bonds,	7/23 at 100.00	BBB	948,950
	Poseidon Resources Channelside LP Desalination Project, Series 2012, 5.000%,
	11/21/45, (AMT), 144A


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	California (continued)
	California Statewide Communities Development Authority, California, Revenue Bonds, Loma
	Linda University Medical Center, Series 2014A:
$ 500	5.250%, 12/01/29	12/24 at 100.00	BB+	$ 512,250
2,500	5.250%, 12/01/34	12/24 at 100.00	BB+	2,551,475
2,500	5.250%, 12/01/44	12/24 at 100.00	BB+	2,517,850
1,713	5.500%, 12/01/54	12/24 at 100.00	BB+	1,722,439
	California Statewide Communities Development Authority, California, Revenue Bonds, Loma
	Linda University Medical Center, Series 2016A:
2,300	5.000%, 12/01/27, 144A	6/26 at 100.00	BB+	2,348,622
3,000	5.000%, 12/01/46, 144A	6/26 at 100.00	BB+	2,943,270
2,765	California Statewide Community Development Authority, Certificates of Participation,	1/28 at 100.00	BBB+	2,596,473
	Methodist Hospital of Southern California, Series 2018, 4.250%, 1/01/43
15,000	Golden State Tobacco Securitization Corporation, California, Tobacco Settlement	12/31 at 27.75	N/R	1,614,900
	Asset-Backed Bonds, Capital Appreciation Series 2021B-2, 0.000%, 6/01/66
2,175	Golden State Tobacco Securitization Corporation, California, Tobacco Settlement	6/28 at 100.00	N/R (4)	2,449,072
	Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/34, (Pre-refunded 6/01/28)
100	Indio Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment	1/23 at 100.00	A	100,230
	Project, Subordinate Lien Refunding Series 2008A, 5.000%, 8/15/23
2,315	Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds,	9/25 at 100.00	N/R	2,375,190
	Refunding Series 2015, 5.000%, 9/01/35
440	Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International	5/31 at 100.00	AA–	465,058
	Airport, Refunding Subordinate Lien Series 2021A. Private Activity, 5.000%, 5/15/39, (AMT)
4,100	Natomas Unified School District, Sacramento County, California, General Obligation	8/26 at 100.00	AA	3,130,596
	Bonds, Election 2018, Series 2019, 3.000%, 8/01/46 – AGM Insured, (UB) (5)
700	Redwood City, California, Special Tax Refunding Bonds, Redwood Shores Community	1/23 at 100.00	N/R	700,868
	Facilities District 99-1, Shores Transportation Improvement Project, Series 2012B,
	5.000%, 9/01/29
1,975	Riverside County Redevelopment Agency Successor Agency, California, Tax Allocation	10/24 at 100.00	AA	2,036,699
	Bonds, Refunding Series 2014A, 5.000%, 10/01/34 – AGM Insured
500	Roseville, California, Special Tax Bonds, Community Facilities District 1 Westbrook,	9/24 at 100.00	N/R	513,530
	Series 2014, 5.000%, 9/01/29
2,395	San Bernardino Joint Powers Financing Authority, California, Tax Allocation Bonds,	No Opt. Call	AA	2,524,857
	Series 2005A, 5.750%, 10/01/24 – AGM Insured
1,000	South Tahoe Joint Powers Financing Authority, California, Revenue Bonds, South Tahoe	10/24 at 100.00	AA	1,011,700
	Redevelopment Project Area 1, Series 2014A, 4.000%, 10/01/34 – AGM Insured
1,500	Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds,	3/23 at 100.00	N/R	1,504,395
	Community Facilities District 2008-1 Tejon Industrial Complex East 2012A, 5.000%, 9/01/32
1,500	Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds,	3/23 at 100.00	N/R	1,504,395
	Community Facilities District 2008-1 Tejon Industrial Complex East 2012B, 5.000%, 9/01/32
60,863	Total California			47,555,813
	Colorado – 3.8% (2.9% of Total Investments)
	Broadway Station Metropolitan District 2, Denver City and County, Colorado, General
	Obligation Limited Tax Bonds, Convertible to Unlimited Series 2019A:
729	5.000%, 12/01/35	6/24 at 103.00	N/R	691,442
3,000	5.125%, 12/01/48	6/24 at 103.00	N/R	2,719,440
	Colorado Bridge Enterprise, Revenue Bonds, Central 70 Project, Senior Series 2017:
750	4.000%, 12/31/30, (AMT)	12/27 at 100.00	A–	759,968
250	4.000%, 6/30/31, (AMT)	12/27 at 100.00	A–	253,140
645	Colorado Educational and Cultural Facilities Authority, Charter School Refunding Revenue	6/23 at 100.00	A+	649,547
	Bonds, Pinnacle Charter School, Inc. K-8 Facility Project, Series 2013, 5.000%, 6/01/29
25	Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,	No Opt. Call	BB+	25,000
	Littleton Preparatory Charter School, Series 2013, 5.000%, 12/01/22


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Colorado (continued)
	Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
	Revenue Bonds, Tender Option Bond Trust 2016-XF2354, Formerly Tender Option Bond Trust 3316:
$ 100	15.589%, 3/01/25, 144A, (IF) (5)	No Opt. Call	AA	$ 125,173
300	15.589%, 3/01/26, 144A, (IF) (5)	No Opt. Call	AA	405,009
430	15.558%, 3/01/27, 144A, (IF) (5)	No Opt. Call	AA	619,798
725	15.589%, 3/01/28, 144A, (IF) (5)	No Opt. Call	AA	1,101,086
200	15.589%, 3/01/29, 144A, (IF) (5)	No Opt. Call	AA	319,668
2,000	Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center	No Opt. Call	Baa2	2,060,980
	Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/26
2,500	Denver Health and Hospital Authority, Colorado, Healthcare Revenue Bonds, Refunding	12/27 at 100.00	BBB	2,326,450
	Series 2017A, 4.000%, 12/01/36, 144A
2,500	Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2017A,	12/27 at 100.00	BBB	2,361,050
	4.000%, 12/01/35, 144A
3,150	Westminster Economic Development Authority, Colorado, Tax Increment Revenue Bonds,	1/23 at 100.00	AA–	3,156,080
	Mandalay Gardens Urban Renewal Project, Series 2012, 5.000%, 12/01/27
	Windler Public Improvement Authority, Aurora, Colorado, Limited Tax Supported Revenue
	Bonds, Convertible Capital Appreciation Series 2021A-2:
1,500	0.000%, 12/01/31, 144A (6)	9/26 at 97.87	N/R	1,003,800
7,370	4.375%, 12/01/36, 144A	9/26 at 97.58	N/R	4,470,789
1,130	0.000%, 12/01/41, 144A (6)	9/26 at 97.43	N/R	640,665
27,304	Total Colorado			23,689,085
	Connecticut – 0.5% (0.4% of Total Investments)
3,050	Connecticut Development Authority, Airport Facilities Revenue Bonds, Learjet Inc.,	1/23 at 100.00	B3	3,049,634
	Series 2004, 7.950%, 4/01/26, (AMT)
	District of Columbia – 0.9% (0.7% of Total Investments)
335	District of Columbia, Tax Increment Revenue Bonds, Gallery Place Project, Tender Option	6/21 at 100.00	N/R	337,780
	Bond Trust 2016-XF2341, 14.451%, 6/01/29, 144A, (IF) (5)
800	District of Columbia, Washington, D.C., Revenue Bonds, District of Columbia	7/29 at 100.00	BBB	806,096
	International School, Series 2019, 5.000%, 7/01/39
300	District of Columbia, Washington, D.C., Revenue Bonds, Ingleside at Rock Creek Project,	7/24 at 103.00	N/R	285,933
	Series 2017A, 4.125%, 7/01/27
5,000	Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding	10/31 at 100.00	AA–	4,486,900
	Series 2021A, 4.000%, 10/01/51, (AMT) (5)
6,435	Total District of Columbia			5,916,709
	Florida – 11.6% (8.9% of Total Investments)
150	Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing	No Opt. Call	BBB	151,484
	Project, Series 2013A, 5.000%, 11/15/23
470	Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds,	5/25 at 100.00	N/R	470,738
	2015 Assessment Project, Series 2015, 5.000%, 5/01/30
7,200	Cape Coral Health Facilities Authority, Florida, Senior Housing Revenue Bonds, Gulf Care	7/25 at 100.00	N/R	7,056,936
	Inc. Project, Series 2015, 5.750%, 7/01/30, 144A
1,405	Capital Trust Agency, Florida, Fixed Rate Air Cargo Revenue Refunding Bonds, Aero Miami	1/23 at 100.00	Baa3	1,406,672
	FX, LLC Project, Series 2010A, 5.350%, 7/01/29
	Collier County Educational Facilities Authority, Florida, Revenue Bonds, Ave Maria
	University, Refunding Series 2013A:
175	4.500%, 6/01/23	No Opt. Call	BBB–	175,585
2,285	5.250%, 6/01/28	6/23 at 100.00	BBB–	2,290,187
2,500	Escambia County Health Facilities Authority, Florida, Health Care Facilities Revenue	2/30 at 100.00	BBB+	2,181,025
	Bonds, Baptist Health Care Corporation Obligated, Series 2020A, 4.000%, 8/15/45 (5)
5,675	Escambia County Health Facilities Authority, Florida, Health Care Facilities Revenue	2/30 at 100.00	BBB+	4,950,927
	Bonds, Baptist Health Care Corporation Obligated, Series 2020A, 4.000%, 8/15/45, (UB) (5)


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Florida (continued)
$ 10,500	Florida Development Finance Corporation, Florida, Surface Transportation Facility	1/24 at 107.00	N/R	$ 9,363,060
	Revenue Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%,
	1/01/49, (AMT), 144A
	Florida Development Finance Corporation, Florida, Surface Transportation Facility
	Revenue Bonds, Virgin Trains USA Passenger Rail Project, Series 2019A:
7,865	6.250%, 1/01/49, (AMT), (Mandatory Put 1/01/24), 144A	1/23 at 101.00	N/R	7,548,355
3,000	6.500%, 1/01/49, (AMT), (Mandatory Put 1/01/29), 144A	1/23 at 102.00	N/R	2,700,930
10,000	Florida Development Finance Corporation, Revenue Bonds, Brightline Passenger Rail	1/23 at 102.00	N/R	9,938,100
	Expansion Project, Series 2022A, 7.250%, 7/01/57, (AMT), (Mandatory Put 10/03/23), 144A
1,205	Lake Powell Residential Golf Community Development District, Bay County, Florida,	11/23 at 100.00	N/R	1,213,339
	Special Assessment Revenue Refunding Bonds, Series 2012, 5.750%, 11/01/32
1,080	Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee	1/23 at 100.00	BB	1,080,194
	County Community Charter Schools, Series 2007A, 5.250%, 6/15/27
	Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Tender
	Option Bond Trust 2016-XG0099:
820	13.448%, 7/01/23, 144A, (IF) (5)	7/22 at 100.00	AA	853,768
1,115	13.448%, 7/01/24, 144A, (IF) (5)	7/22 at 100.00	AA	1,160,458
800	13.448%, 7/01/25, 144A, (IF) (5)	7/22 at 100.00	AA	839,984
	Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding &
	Improvement Capital Appreciation Series 2019A-2:
1,500	0.000%, 10/01/40	10/29 at 68.72	BBB+	558,240
2,000	0.000%, 10/01/41	10/29 at 66.18	BBB+	697,760
2,000	0.000%, 10/01/42	10/29 at 63.69	BBB+	654,400
1,000	0.000%, 10/01/44	10/29 at 59.08	BBB+	288,740
4,000	0.000%, 10/01/45	10/29 at 56.95	BBB+	1,085,760
500	Palm Beach County Health Facilities Authority, Florida, Hospital Revenue Bonds, BRCH	12/24 at 100.00	N/R (4)	521,435
	Corporation Obligated Group, Refunding Series 2014, 5.000%, 12/01/25,
	(Pre-refunded 12/01/24)
365	Palm Beach County, Florida, Revenue Bonds, Provident Group – PBAU Properties LLC –	4/29 at 100.00	Ba1	335,862
	Palm Beach Atlantic University Housing Project, Series 2019A, 5.000%, 4/01/39, 144A
1,000	Pine Island Community Development District, Florida, Special Assessment Bonds, Bella	1/23 at 100.00	N/R	1,002,270
	Collina, Series 2004, 5.750%, 5/01/35
2,325	Saint Johns County Industrial Development Authority, Florida, First Mortgage Revenue	8/25 at 103.00	A–	2,063,205
	Bonds, Presbyterian Retirement Communities Obligated Group Project, Series 2020A,
	4.000%, 8/01/55
2,605	South Fork Community Development District, Florida, Capital Improvement Revenue Bonds,	5/27 at 100.00	BBB	2,532,294
	Refunding Series 2017, 4.000%, 5/01/31
505	Stonegate Community Development District, Florida, Special Assessment Revenue Bonds,	5/23 at 100.00	N/R	500,177
	Refunding Series 2013, 4.000%, 5/01/25
	Sumter County Industrial Development Authority, Florida, Hospital Revenue Bonds, Central
	Florida Health Alliance Projects, Series 2014B:
2,925	5.000%, 7/01/29	7/24 at 100.00	A–	2,982,037
2,350	5.000%, 7/01/30	7/24 at 100.00	A–	2,393,593
1,560	5.000%, 7/01/31	7/24 at 100.00	A–	1,588,220
1,400	5.000%, 7/01/32	7/24 at 100.00	A–	1,424,444
355	Verandah West Community Development District, Florida, Capital Improvement Revenue	No Opt. Call	N/R	354,588
	Bonds, Refunding Series 2013, 4.000%, 5/01/23
82,635	Total Florida			72,364,767
	Georgia – 1.2% (1.0% of Total Investments)
650	Atlanta Development Authority, Georgia, Senior Health Care Facilities Revenue Bonds,	1/28 at 100.00	N/R	344,500
	Georgia Proton Treatment Center Project, Current Interest Series 2017A-1, 6.500%, 1/01/29 (7)
1,250	Geo. L. Smith II Georgia World Congress Center Authority, Georgia, Convention Center	1/31 at 100.00	BBB–	1,017,437
	Hotel Revenue Bonds, First Tier Series 2021A, 4.000%, 1/01/54


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Georgia (continued)
$ 1,105	Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2018A,	6/27 at 100.00	AAA	$ 1,076,392
	4.000%, 12/01/48
5,500	Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2022C, 4.000%,	5/27 at 100.81	BBB–	5,233,855
	8/01/52, (Mandatory Put 11/01/27), 144A
8,505	Total Georgia			7,672,184
	Guam – 2.1% (1.6% of Total Investments)
1,860	Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/24	No Opt. Call	BB	1,896,772
2,000	Government of Guam, Business Privilege Tax Bonds, Refunding Series 2021F. Forward	1/31 at 100.00	Ba1	1,851,120
	Delivery, 4.000%, 1/01/36
	Guam A.B. Won Pat International Airport Authority, Revenue Bonds, Series 2013C:
605	6.250%, 10/01/34, (AMT)	10/23 at 100.00	Baa2	620,518
395	6.250%, 10/01/34, (Pre-refunded 10/01/23), (AMT)	10/23 at 100.00	Baa2 (4)	405,132
1,100	Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,	7/24 at 100.00	A–	1,115,191
	Refunding Series 2014A, 5.000%, 7/01/29
	Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
	Series 2013:
1,365	5.250%, 7/01/24	7/23 at 100.00	A–	1,375,333
2,500	5.500%, 7/01/43, (Pre-refunded 7/01/23)	7/23 at 100.00	A– (4)	2,542,700
2,165	Guam Government, General Obligation Bonds, Series 2019, 5.000%, 11/15/31, (AMT)	5/29 at 100.00	Ba1	2,230,600
1,000	Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A,	No Opt. Call	BB	1,035,330
	5.000%, 12/01/26
200	Guam Power Authority, Revenue Bonds, Series 2014A, 5.000%, 10/01/31	10/24 at 100.00	BBB	204,164
13,190	Total Guam			13,276,860
	Hawaii – 1.0% (0.7% of Total Investments)
6,030	Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific	7/27 at 100.00	N/R	5,926,163
	University, Series 2018, 6.000%, 7/01/28, 144A
	Idaho – 0.4% (0.3% of Total Investments)
2,530	Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project,	9/26 at 100.00	BB+	2,601,194
	Refunding Series 2016, 5.000%, 9/01/30
	Illinois – 15.7% (12.1% of Total Investments)
985	CenterPoint Intermodal Center Program Trust, Illinois, Series 2004 Class A Certificates,	No Opt. Call	N/R	984,665
	4.000%, 6/15/23, (Mandatory Put 12/15/22), 144A
5,000	Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,	4/27 at 100.00	A	5,263,900
	Series 2016, 5.750%, 4/01/34
440	Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,	4/27 at 100.00	A	441,566
	Series 2017, 5.000%, 4/01/42
	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
	Project Series 2015C:
470	5.250%, 12/01/35	12/24 at 100.00	BB+	472,787
555	5.250%, 12/01/39	12/24 at 100.00	BB+	556,454
3,405	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	1/23 at 100.00	BB+	3,404,728
	Refunding Series 2012B, 5.000%, 12/01/33
1,875	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	No Opt. Call	BB+	1,899,056
	Refunding Series 2017C, 5.000%, 12/01/27
1,000	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	12/27 at 100.00	BB+	995,360
	Refunding Series 2017G, 5.000%, 12/01/34
1,000	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	12/28 at 100.00	AA	1,047,340
	Refunding Series 2018A, 5.000%, 12/01/30 – AGM Insured


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Illinois (continued)
$ 1,850	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	No Opt. Call	AA	$ 1,936,284
	Refunding Series 2018C, 5.000%, 12/01/27 – AGM Insured
2,500	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	12/23 at 100.00	BB+	2,379,250
	Refunding Series 2018D, 5.000%, 12/01/46
1,000	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	12/25 at 100.00	BB+	1,076,910
	Series 2016A, 7.000%, 12/01/26
1,000	Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,	12/31 at 100.00	BB+	841,770
	Series 2022A, 4.000%, 12/01/43
	Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
	Tax Revenues, Series 1998B-1:
1,470	0.000%, 12/01/22 – FGIC Insured	No Opt. Call	Baa2	1,470,000
1,500	0.000%, 12/01/27 – NPFG Insured	No Opt. Call	Baa2	1,223,925
1,795	Chicago, Illinois, Certificates of Participation Tax Increment Bonds, 35th and State	12/22 at 100.00	N/R	1,787,334
	Redevelopment Project, Series 2012, 6.100%, 1/15/29
655	Chicago, Illinois, Certificates of Participation, Tax Increment Allocation Revenue	1/23 at 100.00	N/R	605,413
	Bonds, Diversey-Narragansett Project, Series 2006, 7.460%, 2/15/26 (7)
2,465	Chicago, Illinois, Certificates of Participation, Tax Increment Allocation Revenue Note,	12/22 at 100.00	N/R	2,412,117
	North Pullman Chicago Neighborhood Initiative, Inc.Redevelopement Project-Whole Foods
	Warehouse & Distribution Facility, Series 2016A, 5.000%, 3/15/34, 144A
2,630	Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/34 –	No Opt. Call	BBB+	1,608,981
	FGIC Insured
2,595	Chicago, Illinois, General Obligation Bonds, Neighborhoods Alive 21 Program, Series	1/25 at 100.00	BBB+	2,625,725
	2002B, 5.500%, 1/01/31
225	Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2008C,	No Opt. Call	BBB+	174,236
	0.000%, 1/01/29
	Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C:
515	5.000%, 1/01/31	1/26 at 100.00	BBB+	518,775
1,685	5.000%, 1/01/38	1/26 at 100.00	BBB+	1,687,780
5,000	Chicago, Illinois, General Obligation Bonds, Series 2019A, 5.500%, 1/01/49	1/29 at 100.00	BBB+	5,071,900
	Chicago, Illinois, General Obligation Bonds, Series 2021A:
2,640	5.000%, 1/01/24	No Opt. Call	BBB+	2,662,783
2,500	4.000%, 1/01/35	1/31 at 100.00	BBB+	2,281,175
	Illinois Finance Authority, Local Government Program Revenue Bonds, Maine Township High
	School District Number 207 Project, Series 2019:
9,645	4.000%, 12/01/34	12/29 at 100.00	Aa1	9,801,442
5,920	4.000%, 12/01/35	12/29 at 100.00	Aa1	6,051,720
	Illinois Finance Authority, Revenue Bonds, Illinois Wesleyan University, Refunding
	Series 2016:
1,500	3.000%, 9/01/30	9/26 at 100.00	A–	1,399,245
1,475	3.000%, 9/01/31	9/26 at 100.00	A–	1,364,405
775	Illinois Finance Authority, Student Housing & Academic Facility Revenue Bonds,	8/27 at 100.00	Baa3	734,886
	CHF-Collegiate Housing Foundation – Chicago LLC University of Illinois at Chicago Project,
	Series 2017A, 5.000%, 2/15/37
2,500	Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014,	6/24 at 100.00	AA	2,559,725
	5.000%, 6/15/27 – AGM Insured
1,000	Illinois Sports Facility Authority, State Tax Supported Bonds, Series 2001, 0.000%,	No Opt. Call	BBB–	910,940
	6/15/25 – AMBAC Insured
	Illinois State, General Obligation Bonds, December Series 2017A:
890	5.000%, 12/01/27	No Opt. Call	BBB+	929,872
1,020	5.000%, 12/01/28	12/27 at 100.00	BBB+	1,064,696
1,875	Illinois State, General Obligation Bonds, June Series 2016, 3.500%, 6/01/29	6/26 at 100.00	BBB+	1,794,844
1,500	Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/26	No Opt. Call	BBB+	1,560,330


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Illinois (continued)
$ 5,175	Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/27	No Opt. Call	BBB+	$ 5,405,650
3,050	Illinois State, General Obligation Bonds, November Series 2019B, 4.000%, 11/01/34	11/29 at 100.00	BBB+	2,896,524
900	Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/26	No Opt. Call	BBB+	930,366
2,000	Illinois State, General Obligation Bonds, Tender Option Bond Trust 2015-XF1010, 12.172%,	No Opt. Call	AA	2,098,240
	8/01/23 – AGM Insured, 144A, (IF) (5)
3,560	Illinois State, Sales Tax Revenue Bonds, Build Illinois, Refunding Junior Obligation	6/26 at 100.00	AA	3,639,281
	September Series 2016C, 4.000%, 6/15/30 – BAM Insured
1,000	Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project	No Opt. Call	A–	1,031,680
	Bonds, Series 2017B, 5.000%, 12/15/26
	Northern Illinois University, Auxiliary Facilities System Revenue Bonds, Series 2021:
1,050	4.000%, 10/01/36 – BAM Insured	4/31 at 100.00	AA	1,025,798
1,000	4.000%, 10/01/37 – BAM Insured	4/31 at 100.00	AA	970,220
2,250	Romeoville, Will County, Illinois, Revenue Bonds, Lewis University Project, Refunding	4/25 at 100.00	BBB	2,066,198
	Series 2018B, 4.125%, 10/01/46
	Romeoville, Will County, Illinois, Revenue Bonds, Lewis University Project, Series 2015:
1,100	5.000%, 10/01/25	4/25 at 100.00	BBB	1,135,332
200	5.000%, 10/01/26	4/25 at 100.00	BBB	206,064
435	Southwestern Illinois Development Authority, Environmental Improvement Revenue Bonds,	1/23 at 100.00	BB	435,035
	US Steel Corporation Project, Series 2012, 5.750%, 8/01/42, (AMT)
2,500	Wauconda, Illinois, Special Service Area 1 Secial Tax Bonds, Liberty Lake Project,	3/25 at 100.00	AA	2,579,975
	Refunding Series 2015, 5.000%, 3/01/33 – BAM Insured
99,075	Total Illinois			98,022,682
	Indiana – 1.1% (0.8% of Total Investments)
145	Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds,	6/30 at 100.00	N/R	133,496
	Drexel Foundation for Educational Excellence Project, Refunding Series 2020A, 5.125%,
	6/01/32, 144A
3,420	Indiana Finance Authority, Educational Facilities Revenue Bonds, 21st Century Charter	3/23 at 100.00	B+	3,256,284
	School Project, Series 2013A, 6.000%, 3/01/33
85	Indiana Finance Authority, Educational Facilities Revenue Bonds, Circle City Preparatory	12/27 at 103.00	N/R	79,611
	Inc. Project, Series 2021A, 5.000%, 12/01/30, 144A
325	Indiana Finance Authority, Educational Facilities Revenue Bonds, Lighthouse Academies of	No Opt. Call	N/R	328,754
	Northwest Indiana Inc. Project, Series 2016, 6.250%, 12/01/24, 144A
1,420	Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel	1/23 at 100.00	BB	1,420,113
	Corporation Project, Series 2012, 5.750%, 8/01/42, (AMT)
1,295	Indiana Finance Authority, Health Facilities Revenue Bonds, Good Samaritan Hospital	No Opt. Call	Baa3	1,331,364
	Project, Series 2016A, 5.500%, 4/01/24
70	Valparaiso, Indiana, Exempt Faciltiies Revenue Bonds, Pratt Paper LLC Project, Series	No Opt. Call	N/R	70,937
	2013, 5.875%, 1/01/24, (AMT)
6,760	Total Indiana			6,620,559
	Iowa – 0.1% (0.1% of Total Investments)
8,375	Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Bonds, Class 2	6/31 at 25.58	N/R	918,151
	Capital Appreciation Senior Lien Series 2021B-2, 0.000%, 6/01/65
	Kansas – 0.9% (0.7% of Total Investments)
200	Kansas Power Pool, a Municipal Energy Agency Electric Utility Revenue Bonds, DogWood	12/25 at 100.00	A3	209,170
	Facility, Series 2015A, 5.000%, 12/01/28
2,000	Overland Park, Kansas, Sales Tax Revenue Bonds, Prairiefire Community Improvement	1/23 at 100.00	N/R	1,050,000
	District No. 1 Project, Series 2012B, 0.000%, 12/15/34 (7)
8,000	Overland Park, Kansas, Sales Tax Special Obligation Revenue Bonds, Prairiefire at	1/23 at 100.00	N/R	4,584,160
	Lionsgate Project, Series 2012, 5.250%, 12/15/29
10,200	Total Kansas			5,843,330


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Kentucky – 1.3% (1.0% of Total Investments)
	Ashland, Kentucky, Medical Center Revenue Bonds, Ashland Hospital Corporation d/b/a
	King’s Daughters Medical Center Project, Refunding Series 2019:
$ 920	5.000%, 2/01/31	2/30 at 100.00	A–	$ 972,725
125	4.000%, 2/01/33	2/30 at 100.00	A–	122,674
	Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro
	Health, Refunding Series 2017A:
3,000	5.000%, 6/01/30	6/27 at 100.00	Baa2	3,144,180
1,315	5.000%, 6/01/31	6/27 at 100.00	Baa2	1,373,925
2,245	Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky	7/25 at 100.00	BBB+	2,278,428
	Information Highway Project, Senior Series 2015A, 5.000%, 7/01/33
7,605	Total Kentucky			7,891,932
	Louisiana – 1.1% (0.8% of Total Investments)
3,300	Louisiana Local Government Environmental Facilities and Community Development Authority,	11/27 at 100.00	BBB	3,050,784
	Revenue Bonds, Westlake Chemical Corporation Projects, Refunding Series 2017,
	3.500%, 11/01/32
1,500	Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation	5/30 at 100.00	A	1,323,810
	Project, Series 2020A, 4.000%, 5/15/49
	New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
	Project, Series 2017B:
500	5.000%, 1/01/31, (AMT)	1/27 at 100.00	A	523,330
800	5.000%, 1/01/32, (AMT)	1/27 at 100.00	A	834,736
720	Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation	No Opt. Call	BBB–	714,031
	Project, Refunding Series 2017A-1, 2.000%, 6/01/37, (Mandatory Put 4/01/23)
285	Saint Tammany Public Trust Financing Authority, Louisiana, Revenue Bonds, Christwood	11/24 at 100.00	N/R	285,356
	Project, Refunding Series 2015, 5.250%, 11/15/29
7,105	Total Louisiana			6,732,047
	Maine – 0.0% (0.0% of Total Investments)
500	Maine Finance Authority, Solid Waste Disposal Revenue Bonds, Coastal Resources of Maine	12/26 at 100.00	N/R	3,400
	LLC Project, Green Series 2017, 0.000%, 12/15/33, (AMT), 144A (7),(8)
	Maryland – 0.8% (0.6% of Total Investments)
1,000	Anne Arundel County, Maryland, Special Tax District Revenue Bonds, Villages at Two	7/24 at 100.00	N/R	1,001,350
	Rivers Projects, Series 2014, 5.250%, 7/01/44
	Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017:
350	5.000%, 9/01/26	No Opt. Call	CCC+	347,540
1,000	5.000%, 9/01/33	9/27 at 100.00	CCC+	979,790
2,000	5.000%, 9/01/34	9/27 at 100.00	CCC+	1,943,240
775	Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine	1/23 at 100.00	BB	775,147
	Terminals Inc. Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25
5,125	Total Maryland			5,047,067
	Massachusetts – 0.2% (0.1% of Total Investments)
1,000	Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,	No Opt. Call	BBB	1,048,270
	Series 2016E, 5.000%, 7/01/26
	Michigan – 3.5% (2.7% of Total Investments)
325	Flint Hospital Building Authority, Michigan, Building Authority Revenue Bonds, Hurley	No Opt. Call	BBB–	327,798
	Medical Center, Series 2013A, 5.000%, 7/01/23
	Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
	Sewerage Department Water Supply System Local Project, Series 2014C-3:
5,000	5.000%, 7/01/24 – AGM Insured	No Opt. Call	AA	5,182,050
5,000	5.000%, 7/01/25 – AGM Insured	7/24 at 100.00	AA	5,177,300
5,000	5.000%, 7/01/26 – AGM Insured	7/24 at 100.00	AA	5,174,950
1,945	5.000%, 7/01/31 – AGM Insured	7/24 at 100.00	AA	2,003,292


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Michigan (continued)
	Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
	Sewerage Department Water Supply System Local Project, Series 2014C-7:
$ 2,000	5.000%, 7/01/25 – NPFG Insured	7/24 at 100.00	A+	$ 2,069,980
2,000	5.000%, 7/01/26 – NPFG Insured	7/24 at 100.00	A+	2,069,660
21,270	Total Michigan			22,005,030
	Minnesota – 0.1% (0.1% of Total Investments)
	Minnesota Higher Education Facilities Authority, Revenue Bonds, Minneapolis College of
	Art and Design, Series 2015-8D:
260	4.000%, 5/01/24	5/23 at 100.00	Baa2	260,543
250	4.000%, 5/01/26	5/23 at 100.00	Baa2	250,450
510	Total Minnesota			510,993
	Mississippi – 0.3% (0.2% of Total Investments)
1,845	Mississippi Business Finance Corporation, Gulf Opportunity Zone Industrial Development	1/23 at 100.00	BBB–	1,773,765
	Revenue Bonds, Northrop Grumman Ship Systems Inc. Project, Series 2006, 4.550%, 12/01/28
	Missouri – 1.2% (0.9% of Total Investments)
1,515	Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series	No Opt. Call	Ba3	1,547,042
	2016, 5.000%, 8/01/24
1,125	Branson Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Branson	11/25 at 100.00	N/R	1,055,914
	Shoppes Redevelopment Project, Refunding Series 2017A, 4.000%, 11/01/27
1,545	Poplar Bluff Regional Transportation Development District, Missouri, Transportation	1/23 at 100.00	BBB	1,491,883
	Sales Tax Revenue Bonds, Series 2012, 4.000%, 12/01/36
465	Raymore, Missouri, Tax Increment Revenue Bonds, Raymore Galleria Project, Refunding &	5/23 at 100.00	N/R	461,731
	Improvement Series 2014A, 5.000%, 5/01/24
	Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue
	Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016:
385	5.000%, 11/15/23	No Opt. Call	N/R	387,822
800	5.000%, 11/15/25	No Opt. Call	N/R	814,192
1,595	Saint Louis Land Clearance for Redevelopment Authority, Missouri, Annual Appropriation	4/27 at 100.00	A	1,678,466
	Revenue Bonds, Contractual Payments of St. Louis City Scottrade Center Project,
	Series 2018A, 5.000%, 4/01/38
7,430	Total Missouri			7,437,050
	Nebraska – 0.1% (0.1% of Total Investments)
635	Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna	5/24 at 100.00	A–	648,748
	Rehabilitation Hospital Project, Series 2014, 5.000%, 5/15/26
	Nevada – 0.4% (0.3% of Total Investments)
	Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project,
	Series 2017A:
320	5.000%, 9/01/29	9/27 at 100.00	A–	337,680
495	5.000%, 9/01/31	9/27 at 100.00	A–	520,225
1,465	Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Refunding Series	6/26 at 100.00	BBB+	1,525,314
	2016, 5.000%, 6/15/31
160	North Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 65	12/27 at 100.00	N/R	161,383
	Northern Beltway Commercial Area, Series 2017, 5.000%, 12/01/37, 144A
2,440	Total Nevada			2,544,602
	New Jersey – 9.0% (6.9% of Total Investments)
3,000	Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue	2/24 at 100.00	A–	3,016,770
	Bonds, Cooper Health System Obligated Group Issue, Refunding Series 2014A,
	5.000%, 2/15/31
1,875	New Jersey Economic Development Authority, Lease Revenue Bonds, State House Project,	12/28 at 100.00	A3	1,979,400
	Series 2017B, 5.000%, 6/15/35


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	New Jersey (continued)
$ 1,400	New Jersey Economic Development Authority, New Jersey, Transit Transportation Project	11/29 at 100.00	A3	$ 1,361,178
	Revenue Bonds, Series 2020A, 4.000%, 11/01/37
2,705	New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge,	7/27 at 100.00	Baa3	2,603,292
	Refunding Subordinate Series 2017A, 3.375%, 7/01/30
2,175	New Jersey Economic Development Authority, School Facilities Construction Bonds, Series	6/27 at 100.00	A3	2,217,413
	2017DDD, 5.000%, 6/15/42
1,200	New Jersey Economic Development Authority, School Facilities Construction Bonds, Tender	3/23 at 100.00	N/R	1,202,784
	Option Bond Trust Series 2018-XG0168, 8.684%, 9/01/27, 144A, (IF) (5)
1,615	New Jersey Economic Development Authority, School Facilities Construction Financing	6/24 at 100.00	A3 (4)	1,649,351
	Program Bonds, Refunding Series 2014PP, 4.000%, 6/15/28, (Pre-refunded 6/15/24)
1,440	New Jersey Economic Development Authority, School Facilities Construction Financing	3/25 at 100.00	N/R	1,463,328
	Program Bonds, Tender Option Bond Trust 2016-XF2340, 7.174%, 9/01/25, 144A, (IF) (5)
	New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
	Airlines Inc., Series 1999:
820	5.125%, 9/15/23, (AMT)	1/23 at 101.00	Ba3	822,091
7,550	5.250%, 9/15/29, (AMT)	1/23 at 101.00	Ba3	7,575,142
2,410	New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental	3/24 at 101.00	Ba3	2,425,207
	Airlines Inc., Series 2000A & 2000B, 5.625%, 11/15/30, (AMT)
5,000	New Jersey Educational Facilities Authority, Revenue Bonds, Higher Education Capital	9/24 at 100.00	A3	5,038,550
	Improvement Fund Issue, Series 2014A, 4.000%, 9/01/29
1,200	New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Princeton	7/26 at 100.00	AA	1,283,088
	HealthCare System, Series 2016A, 5.000%, 7/01/30
7,500	New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University	7/25 at 100.00	AA	7,577,700
	Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured
1,625	New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding	No Opt. Call	A3	1,116,440
	Series 2006C, 0.000%, 12/15/31 – FGIC Insured
15,000	New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series	No Opt. Call	A3	6,357,750
	2009A, 0.000%, 12/15/39, (UB) (5)
1,000	New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series	12/24 at 100.00	A3	1,033,550
	2009C, 5.250%, 6/15/32
	South Jersey Port Corporation, New Jersey, Marine Terminal Revenue Bonds, Refunding
	Series 2016S:
915	5.000%, 1/01/34	1/26 at 100.00	Baa1	942,999
1,505	5.000%, 1/01/35	1/26 at 100.00	Baa1	1,544,190
1,000	5.000%, 1/01/39	1/26 at 100.00	Baa1	1,017,290
1,705	South Jersey Port Corporation, New Jersey, Marine Terminal Revenue Bonds, Subordinate	1/28 at 100.00	Baa1	1,708,768
	Series 2017B, 5.000%, 1/01/42, (AMT)
1,920	Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed	6/28 at 100.00	A	2,003,654
	Bonds, Series 2018A, 5.000%, 6/01/30
64,560	Total New Jersey			55,939,935
	New Mexico – 0.3% (0.2% of Total Investments)
2,000	Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL Castillo Retirement	1/23 at 100.00	BB+	1,898,700
	Residences Project, Series 2012, 5.000%, 5/15/32
	New York – 11.2% (8.6% of Total Investments)
570	Build New York City Resource Corporation, New York, Revenue Bonds, Bronx Charter School	No Opt. Call	BBB–	571,465
	for Excellence, Series 2013A, 4.000%, 4/01/23
575	Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds,	No Opt. Call	N/R	580,388
	Pratt Paper NY, Inc. Project, Series 2014, 4.500%, 1/01/25, (AMT), 144A


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	New York (continued)
	Dormitory Authority of the State of New York, Insured Revenue Bonds, Pace University,
	Series 2013A:
$ 820	5.000%, 5/01/23	No Opt. Call	BBB–	$ 824,617
20	5.000%, 5/01/23, (ETM)	No Opt. Call	N/R (4)	20,209
975	5.000%, 5/01/28	5/23 at 100.00	BBB–	977,379
25	5.000%, 5/01/28, (Pre-refunded 5/01/23)	5/23 at 100.00	N/R (4)	25,251
10,000	Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Second Indenture	No Opt. Call	Aa2	10,859,600
	Fiscal 2017 Series A, 5.000%, 2/15/27
790	Jefferson County Civic Facility Development Corporation, New York, Revenue Bonds,	11/27 at 100.00	BB	663,624
	Samaritan Medical Center Project, Series 2017A, 4.000%, 11/01/42
780	Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond	No Opt. Call	N/R	782,215
	Anticipation Note Series 2020A-1, 5.000%, 2/01/23
5,000	Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green	5/31 at 100.00	A3	4,282,100
	Climate Bond Certified Series 2021A-1, 4.000%, 11/15/44
9,740	New York Convention Center Development Corporation, New York, Revenue Bonds, Hotel Unit	No Opt. Call	A2	2,466,947
	Fee Secured, Senior Lien Series 2016A, 0.000%, 11/15/49
2,450	New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds,	No Opt. Call	A–	2,499,588
	Series Series 2016A-1, 5.625%, 6/01/35
1,500	New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade	11/24 at 100.00	N/R	1,417,800
	Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
4,415	New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade	11/24 at 100.00	N/R	4,387,627
	Center Project, Class 2 Series 2014, 5.150%, 11/15/34, 144A
	New York Transportation Development Corporation, New York, Special Facilities Bonds,
	LaGuardia Airport Terminal B Redevelopment Project, Series 2016A:
760	4.000%, 7/01/32, (AMT)	7/24 at 100.00	Baa2	737,078
500	4.000%, 7/01/33, (AMT)	7/24 at 100.00	Baa2	481,745
2,000	5.000%, 7/01/34, (AMT)	7/24 at 100.00	Baa2	2,026,620
1,000	4.000%, 7/01/46 – AGM Insured, (AMT)	7/24 at 100.00	AA	879,020
	New York Transportation Development Corporation, New York, Special Facility Revenue
	Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Refunding
	Series 2016:
1,165	5.000%, 8/01/26, (AMT)	12/22 at 100.00	B	1,165,070
430	5.000%, 8/01/31, (AMT)	12/22 at 100.00	B	430,004
	New York Transportation Development Corporation, New York, Special Facility Revenue
	Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Series 2020:
980	5.250%, 8/01/31, (AMT)	8/30 at 100.00	B	1,003,432
5,000	5.375%, 8/01/36, (AMT)	8/30 at 100.00	B	5,063,800
2,560	New York Transportation Development Corporation, New York, Special Facility Revenue	No Opt. Call	B	2,393,984
	Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Series 2021,
	2.250%, 8/01/26, (AMT)
935	New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta	1/28 at 100.00	Baa3	939,694
	Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018,
	5.000%, 1/01/36, (AMT)
2,000	New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta	10/30 at 100.00	Baa3	2,019,200
	Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020,
	5.000%, 10/01/35, (AMT)
4,110	Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred	7/30 at 100.00	AA–	3,700,439
	Twenty-One Series 2020, 4.000%, 7/15/50, (AMT), (UB) (5)
	Syracuse Industrial Development Authority, New York, PILOT Revenue Bonds, Carousel
	Center Project, Refunding Series 2016A:
820	5.000%, 1/01/32, (AMT)	1/26 at 100.00	Caa1	635,688
5,000	5.000%, 1/01/33, (AMT)	1/26 at 100.00	Caa1	3,774,800
3,820	5.000%, 1/01/35, (AMT)	1/26 at 100.00	Caa1	2,774,390
650	5.000%, 1/01/36, (AMT)	1/26 at 100.00	Caa1	462,371


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	New York (continued)
$ 9,390	TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48	6/27 at 100.00	N/R	$ 8,713,920
2,250	TSASC Inc., New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series B,	No Opt. Call	B–	2,205,630
	5.000%, 6/01/25
81,030	Total New York			69,765,695
	North Carolina – 0.1% (0.1% of Total Investments)
750	Bay Area Toll Authority, North Carolina, Revenue Bonds, San Francisco Bay Area Toll Bridge,	10/26 at 100.00	AA	785,572
	Tender Option Bond Trust 2016-XG0019, Formerly Tender Option Bond Trust 4740,
	5.144%, 4/01/36, 144A, (IF) (5)
	North Dakota – 0.8% (0.6% of Total Investments)
5,000	Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System	12/31 at 100.00	AA	3,501,850
	Obligated Group, Series 2021, 3.000%, 12/01/51 – AGM Insured
1,500	Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series	6/28 at 100.00	BB+	1,324,050
	2017C, 5.000%, 6/01/48
6,500	Total North Dakota			4,825,900
	Ohio – 5.3% (4.1% of Total Investments)
64,235	Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed	6/30 at 22.36	N/R	7,533,481
	Revenue Bonds, Refunding Senior Lien Capital Appreciation Series 2020B-3 Class 2,
	0.000%, 6/01/57
9,070	Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed	6/30 at 100.00	BBB+	7,902,600
	Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48
1,740	Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed	6/30 at 100.00	N/R	1,596,659
	Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55
3,240	Cleveland, Ohio, Airport Special Revenue Bonds, Continental Airlines Inc. Project,	1/23 at 100.00	Ba3	3,240,842
	Series 1998, 5.375%, 9/15/27, (AMT)
2,650	County of Lucas, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group,	11/28 at 100.00	BB+	2,290,448
	Series 2018A, 5.250%, 11/15/48
560	Franklin County Convention Facilities Authority, Ohio, Hotel Project Revenue Bonds,	12/29 at 100.00	BBB–	542,545
	Greater Columbus Convention Center Hotel Expansion Project, Series 2019,
	5.000%, 12/01/51
3,705	Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2020,	3/30 at 100.00	A	3,225,462
	4.000%, 9/15/50
4,190	Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds,	No Opt. Call	N/R	5,237
	FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/23 (7)
6,000	Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,	No Opt. Call	BBB–	5,287,380
	FirstEnergy Generation Corporation Project, Refunding Series 2009D, 3.375%, 8/01/29,
	(Mandatory Put 9/15/21)
17,065	Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,	No Opt. Call	N/R	21,331
	FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (7)
700	Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,	No Opt. Call	BBB–	663,411
	FirstEnergy Nuclear Generation Project, Refunding Series 2009A, 4.750%, 6/01/33,
	(Mandatory Put 6/01/22)
260	Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC	1/28 at 100.00	N/R	242,349
	Project, Series 2017, 4.250%, 1/15/38, (AMT), 144A
6,000	Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy	No Opt. Call	N/R	7,500
	Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33 (7)
730	Southeastern Ohio Port Authority, Hospital Facilities Revenue Bonds, Memorial Health	No Opt. Call	B+ (4)	730,000
	System Obligated Group Project, Refunding and Improvement Series 2012,
	5.000%, 12/01/22, (ETM)
120,145	Total Ohio			33,289,245


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Oklahoma – 1.2% (1.0% of Total Investments)
$ 975	Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine	8/28 at 100.00	Ba2	$ 874,439
	Project, Series 2018B, 5.000%, 8/15/38
5,245	Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc.,	6/25 at 100.00	B–	5,295,142
	Refunding Series 2015, 5.000%, 6/01/35, (AMT), (Mandatory Put 6/01/25)
1,500	University of Oklahoma, General Revenue Bonds, Refunding Series 2015A, 5.000%, 7/01/44	7/24 at 100.00	A+	1,512,135
7,720	Total Oklahoma			7,681,716
	Oregon – 0.1% (0.1% of Total Investments)
730	Port of Saint Helens, Oregon, Pollution Control Revenue Bonds, Boise Cascade Project,	1/23 at 100.00	N/R	733,708
	Series 1997, 5.650%, 12/01/27
	Pennsylvania – 5.9% (4.5% of Total Investments)
5,000	Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny	4/28 at 100.00	A	5,063,000
	Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47
	Allegheny County Industrial Development Authority, Pennsylvania, Environmental
	Improvement Revenue Bonds, United States Steel Corp., Refunding Series 2019:
815	4.875%, 11/01/24	No Opt. Call	BB	816,655
725	5.125%, 5/01/30	No Opt. Call	BB	736,803
371	Allegheny County Redevelopment Authority, Pennsylvania, TIF Revenue Bonds, Pittsburg	1/23 at 100.00	N/R	334,037
	Mills Project, Series 2004, 5.600%, 7/01/23 (7)
1,000	Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue	No Opt. Call	Ba3	990,050
	Bonds, City Center Project, Series 2018, 5.000%, 5/01/28, 144A
420	Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue	No Opt. Call	N/R	525
	Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (7)
400	Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue	No Opt. Call	N/R	500
	Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008A, 2.700%, 4/01/35 (7)
2,855	Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University,	5/24 at 100.00	Baa3	2,860,881
	Series 2014, 5.000%, 5/01/29
1,450	Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2013A,	No Opt. Call	BB	1,463,485
	5.000%, 7/01/23
825	East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services	7/25 at 100.00	N/R (4)	871,910
	Inc – Student Housing Project at Millersville University, Series 2015, 5.000%, 7/01/30,
	(Pre-refunded 7/01/25)
1,000	Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds,	1/25 at 100.00	N/R	983,010
	Whitemarsh Continuing Care Retirement Community Project, Series 2015, 5.000%, 1/01/30
1,805	Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds,	No Opt. Call	N/R	2,256
	Shippingport Project, First Energy Guarantor., Series 2005A, 3.750%, 12/01/40 (7)
1,970	Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of	8/29 at 100.00	AA	1,888,560
	Pennsylvania Health System, Series 2019, 4.000%, 8/15/49 (5)
4,000	Pennsylvania Public School Building Authority, Lease Revenue Bonds, School District of	No Opt. Call	AAA	4,318,840
	Philadelphia, Series 2006B, 5.000%, 6/01/27 – AGM Insured
3,500	Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second	12/27 at 100.00	A	3,673,775
	Series 2017, 5.000%, 12/01/35
10,980	Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital	7/27 at 100.00	BBB	11,246,155
	Revenue Bonds, Temple University Health System Obligated Group, Series of 2017, 5.000%, 7/01/34
1,610	Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016,	5/24 at 100.00	BB+	1,620,851
	5.000%, 11/15/32
38,726	Total Pennsylvania			36,871,293
	Puerto Rico – 11.9% (9.1% of Total Investments)
	Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2020A:
2,500	5.000%, 7/01/30, 144A	No Opt. Call	N/R	2,528,175
7,490	5.000%, 7/01/35, 144A	7/30 at 100.00	N/R	7,434,424
1,000	5.000%, 7/01/47, 144A	7/30 at 100.00	N/R	960,120


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Puerto Rico (continued)
$ 3,500	Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N,	No Opt. Call	N/R	$ 3,323,705
	9.322%, 7/01/27 – AMBAC Insured (12MTA reference rate + 1.120% spread) (9)
	Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:
2,723	4.500%, 7/01/34	7/25 at 100.00	N/R	2,570,621
1,245	0.000%, 7/01/51	7/28 at 30.01	N/R	234,259
2,031	4.750%, 7/01/53	7/28 at 100.00	N/R	1,855,725
5,340	5.000%, 7/01/58	7/28 at 100.00	N/R	5,066,645
	Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable
	Restructured Cofina Project Series 2019A-2:
1,791	4.329%, 7/01/40	7/28 at 100.00	N/R	1,622,503
2,000	4.329%, 7/01/40	7/28 at 100.00	N/R	1,811,840
	Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1:
572	0.000%, 7/01/24	No Opt. Call	N/R	525,634
– (10)	5.375%, 7/01/25	No Opt. Call	N/R	385
696	5.625%, 7/01/27	No Opt. Call	N/R	712,883
685	5.625%, 7/01/29	No Opt. Call	N/R	701,879
665	5.750%, 7/01/31	No Opt. Call	N/R	683,147
9,985	0.000%, 7/01/33	7/31 at 89.94	N/R	5,480,747
11,169	4.000%, 7/01/33	7/31 at 103.00	N/R	9,731,704
1,487	4.000%, 7/01/37	7/31 at 103.00	N/R	1,242,400
27,661	4.000%, 7/01/41	7/31 at 103.00	N/R	22,232,100
2,458	4.000%, 7/01/46	7/31 at 103.00	N/R	1,898,372
7,490	Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022,	No Opt. Call	N/R	3,417,422
	0.000%, 11/01/43 2022
92,488	Total Puerto Rico			74,034,690
	Rhode Island – 0.5% (0.4% of Total Investments)
	Providence Redevelopment Agency, Rhode Island, Revenue Bonds, Public Safety and
	Municipal Building Projects, Refunding Series 2015A:
1,400	5.000%, 4/01/23	No Opt. Call	BBB	1,407,686
1,500	5.000%, 4/01/24	No Opt. Call	BBB	1,529,490
2,900	Total Rhode Island			2,937,176
	South Carolina – 0.2% (0.2% of Total Investments)
1,450	South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds,	2/25 at 100.00	BB+	1,417,462
	Palmetto Scholars Academy Project, Series 2015A, 5.125%, 8/15/35, 144A
	Tennessee – 0.8% (0.6% of Total Investments)
1,235	Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds,	8/29 at 100.00	A–	1,241,830
	CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/49
1,935	Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue	1/23 at 100.00	A+	1,937,612
	Bonds, Covenant Health, Refunding Series 2012A, 5.000%, 1/01/26
	Knox County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Bonds,
	Provision Center for Proton Therapy Project, Series 2014:
3,055	5.250%, 5/01/25, 144A (7)	11/24 at 100.00	N/R	1,435,850
525	6.000%, 5/01/34, 144A (7)	11/24 at 100.00	N/R	246,750
6,750	Total Tennessee			4,862,042
	Texas – 4.6% (3.6% of Total Investments)
975	Austin, Travis, Williamson and Hays Counties, Texas, Special Assessment Revenue Bonds,	11/23 at 100.00	N/R	978,023
	Estancia Hill Country Public Improvement District, Series 2013, 6.000%, 11/01/28
2,000	Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A,	7/25 at 100.00	A– (4)	2,118,840
	5.000%, 1/01/40, (Pre-refunded 7/01/25)
2,000	Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Tender Option Bond Trust	No Opt. Call	N/R	3,712,220
	3307, 16.712%, 12/01/30 – AMBAC Insured, 144A, (IF) (5)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Texas (continued)
$ 2,000	Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds,	1/23 at 100.00	BB	$ 2,000,080
	Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25, (AMT)
915	Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue	No Opt. Call	Ba1	914,945
	Refunding Bonds, Young Men’s Christian Association of the Greater Houston Area, Series 2013A,
	5.000%, 6/01/23
3,750	Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3,	11/24 at 49.42	Baa2	1,689,488
	0.000%, 11/15/36
1,500	Houston, Texas, Airport System Special Facilities Revenue Bonds, Continental Airlines	1/23 at 100.00	Ba3	1,500,450
	Inc. – Terminal Improvement Project, Refunding Series 2011, 6.625%, 7/15/38, (AMT)
3,000	Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.	No Opt. Call	B	3,037,920
	Airport Improvement Projects, Series 2018C, 5.000%, 7/15/28, (AMT)
2,000	Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.	No Opt. Call	B–	2,029,520
	Airport Improvements Project, Refunding Series 2020C, 5.000%, 7/15/27, (AMT)
250	Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.	No Opt. Call	B–	253,585
	Terminal Improvements Project, Refunding Series 2020B-2, 5.000%, 7/15/27, (AMT)
1,000	Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,	1/23 at 100.00	Baa1	1,001,020
	Southwest Airlines Company – Love Field Modernization Program Project, Series 2012,
	5.000%, 11/01/28, (AMT)
1,000	New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing	4/24 at 100.00	N/R (4)	1,030,470
	Revenue Bonds, CHF-Collegiate Housing Corpus Christi I, L.L.C.-Texas A&M University-Corpus
	Christi Project, Series 2014A, 5.000%, 4/01/34, (Pre-refunded 4/01/24)
1,500	Port Beaumont Navigation District, Jefferson County, Texas, Dock and Wharf Facility	1/23 at 102.00	N/R	1,222,800
	Revenue Bonds, Jefferson Gulf Coast Energy Project, Series 2020, 3.625%, 1/01/35, (AMT), 144A
	Port Beaumont Navigation District, Jefferson County, Texas, Dock and Wharf Facility
	Revenue Bonds, Jefferson Gulf Coast Energy Project, Series 2021A:
1,250	2.875%, 1/01/41, (AMT), 144A	7/23 at 103.00	N/R	836,250
2,500	3.000%, 1/01/50, (AMT), 144A	7/23 at 103.00	N/R	1,509,050
	Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
	Revenue Bonds, Scott & White Healthcare Project, Series 2013A:
770	5.000%, 8/15/24, (Pre-refunded 8/15/23)	8/23 at 100.00	Aa3 (4)	783,375
1,000	5.000%, 8/15/26, (Pre-refunded 8/15/23)	8/23 at 100.00	Aa3 (4)	1,017,370
850	5.000%, 8/15/27, (Pre-refunded 8/15/23)	8/23 at 100.00	Aa3 (4)	864,764
1,100	Texas Department of Housing and Community Affairs, Single Family Mortgage Revenue Bonds,	9/27 at 100.00	Aaa	1,084,149
	Series 2018A, 4.250%, 9/01/48 (5)
1,190	Westlake, Texas, Special Assessment Revenue Bonds, Solana Public Improvement District,	9/25 at 100.00	N/R	1,180,075
	Series 2015, 6.125%, 9/01/35
30,550	Total Texas			28,764,394
	Utah – 0.4% (0.3% of Total Investments)
2,500	Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc., Series 2020A,	5/30 at 100.00	AA+	2,672,500
	5.000%, 5/15/43
	Virginia – 0.7% (0.6% of Total Investments)
	Virginia Gateway Community Development Authority, Prince William County, Virginia,
	Special Assessment Refunding Bonds, Series 2012:
695	5.000%, 3/01/25	1/23 at 100.00	N/R	686,820
110	4.500%, 3/01/29	1/23 at 100.00	N/R	101,935
1,505	5.000%, 3/01/30	1/23 at 100.00	N/R	1,432,730
2,500	Virginia Housing Development Authority, Rental Housing Bonds, Series 2018E,	12/27 at 100.00	AA+	2,440,275
	4.150%, 12/01/49
4,810	Total Virginia			4,661,760


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Washington – 2.5% (1.9% of Total Investments)
$ 2,200	Port of Seattle Industrial Development Corporation, Washington, Special Facilities	4/23 at 100.00	BB+	$ 2,200,330
	Revenue Refunding Bonds, Delta Air Lines, Inc. Project, Series 2012,
	5.000%, 4/01/30, (AMT)
4,000	Port of Seattle, Washington, Revenue Bonds, Refunding First Lien Series 2016B, 5.000%,	4/26 at 100.00	Aa2	4,138,040
	10/01/32, (AMT), (UB) (5)
270	Tacoma Consolidated Local Improvement District 65, Washington, Special Assessment Bonds,	12/22 at 100.00	N/R	254,810
	Series 2013, 5.750%, 4/01/43
5,000	Washington Health Care Facilities Authority, Revenue Bonds, Catholic Health Initiative,	7/24 at 100.00	AA	5,095,050
	Tender Option Bonds Trust 2015-XF1017, 5.240%, 1/01/35, 144A, (IF) (5)
970	Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series	8/29 at 100.00	A–	1,016,211
	2019A-2, 5.000%, 8/01/35
2,000	Washington State Convention Center Public Facilities District, Junior Lodging Tax Notes,	No Opt. Call	N/R	1,807,420
	Green Series 2021, 4.000%, 7/01/31
1,000	Washington State Housing Finance Commission, Non-Profit Revenue Bonds, Emerald Heights	No Opt. Call	A–	1,010,050
	Project, Refunding 2013, 5.000%, 7/01/23
15,440	Total Washington			15,521,911
	West Virginia – 0.9% (0.7% of Total Investments)
500	West Virginia Economic Development Authority, Excess Lottery Revenue Bonds, Series	7/27 at 100.00	AAA	545,230
	2017A, 5.000%, 7/01/30
6,075	West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United	6/28 at 100.00	A	5,248,800
	Health System Obligated Group, Series 2018A, 4.000%, 6/01/51
6,575	Total West Virginia			5,794,030
	Wisconsin – 3.5% (2.7% of Total Investments)
2,500	Public Finance Authority of Wisconsin, Contract Revenue Bonds, Mercer Crossing Public	3/27 at 100.00	N/R	2,667,075
	Improvement District Project, Series 2017, 7.000%, 3/01/47, 144A
230	Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, Cottonwood	No Opt. Call	N/R (4)	230,000
	Classical Preparatory School in Albuquerque, New Mexico, Series 2012A, 5.250%, 12/01/22, (ETM)
3,190	Public Finance Authority of Wisconsin, Limited Obligation Grant Revenue Bonds, American	No Opt. Call	N/R	2,617,586
	Dream @ Meadowlands Project, Series 2017A, 3.125%, 8/01/27, 144A (7)
	Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American
	Dream @ Meadowlands Project, Series 2017:
870	5.000%, 12/01/27, 144A	No Opt. Call	N/R	761,946
1,000	6.500%, 12/01/37, 144A	12/27 at 100.00	N/R	838,230
295	Public Finance Authority of Wisconsin, Revenue Bonds, Prime Healthcare Foundation, Inc.,	No Opt. Call	BBB	301,251
	Series 2017A, 5.000%, 12/01/27
4,300	Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste	5/26 at 100.00	A–	4,019,683
	Management Inc., Refunding Series 2016A-2, 2.875%, 5/01/27
1,115	Public Finance Authority of Wisconsin, Student Housing Revenue Bonds, Collegiate Housing	7/25 at 100.00	BBB–	1,119,494
	Foundation – Cullowhee LLC – Western California University Project, Series 2015A,
	5.000%, 7/01/30
2,000	Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project,	5/26 at 100.00	BBB–	1,968,300
	Refunding Series 2016C, 4.300%, 11/01/30
	University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding
	Series 2013A:
500	5.000%, 4/01/23, (ETM)	No Opt. Call	AA– (4)	504,195
905	5.000%, 4/01/24, (Pre-refunded 4/01/23)	4/23 at 100.00	AA– (4)	912,593
500	5.000%, 4/01/25, (Pre-refunded 4/01/23)	4/23 at 100.00	AA– (4)	504,195


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value
	Wisconsin (continued)
	Wisconsin Center District, Dedicated Tax Revenue Bonds, Refunding Junior Series 1999:
$ 5	5.250%, 12/15/23	No Opt. Call	AA	$ 5,060
10	5.250%, 12/15/27	No Opt. Call	AA	10,793
5	5.250%, 12/15/27, (ETM)	No Opt. Call	AA (4)	5,402
6,000	Wisconsin Center District, Dedicated Tax Revenue Bonds, Supported by State Moral	12/30 at 56.77	AA	2,057,820
	Obligation Junior Series 2020D, 0.000%, 12/15/45 – AGM Insured
2,000	Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series	11/28 at 100.00	AA+	1,621,400
	2019A, 3.150%, 11/01/44
2,480	Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series	5/31 at 100.00	AA+	1,802,613
	2021C, 2.850%, 11/01/51
27,905	Total Wisconsin			21,947,636
$ 916,891	Total Municipal Bonds (cost $775,638,571)			735,906,094

Shares	Description (1)			Value
	COMMON STOCKS – 12.2% (9.4% of Total Investments)
	Independent Power And Renewable Electricity Producers – 12.2% (9.4% of Total Investments)
965,836	Energy Harbor Corp (11),(12)			$ 76,622,667
	Total Common Stocks (cost $25,699,081)			76,622,667
	Total Long-Term Investments (cost $801,337,652)			812,528,761
	Floating Rate Obligations – (3.2)%			(20,031,000)
	Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (28.0)% (13)			(174,987,455)
	Other Assets Less Liabilities – 1.2% (14)			7,285,377
	Net Assets Applicable to Common Shares – 100%			$ 624,795,683

Investments in Derivatives

Futures Contracts – Short


					Unrealized
	Number of	Expiration	Notional		Appreciation
Description	Contracts	Date	Amount	Value	(Depreciation)
U.S. Treasury Ultra Bond	(16)	3/23	$(2,212,743)	$(2,180,500)	$32,243


NID	Nuveen Intermediate Duration Municipal Term Fund
	Portfolio of Investments (continued)
	November 30, 2022 (Unaudited)

(1)

All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.

(2)

Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.

(3)

For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(4)

Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.

(5)

Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.

(6)

Step-up coupon bond, a bond with a coupon that increases (“steps up”), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.

(7)

Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.

(8)