# EDGAR Filing Document

**Accession Number:** 0001020661
**File Stem:** 0001020661-26-000006
**Filing Date:** 2026-1
**Character Count:** 55927
**Document Hash:** 6bb4534826b26c5738f4b1d2cf9b8e0f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001020661-26-000006.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001020661-26-000006

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN MULTISTATE TRUST III
- **CENTRAL INDEX KEY:** 0001020661

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07943
- **FILM NUMBER:** 26568974

**BUSINESS ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 W WACKER DRIVE 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3129178200

**MAIL ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 W WACKER DR 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN  MULTISTATE TRUST III
- **DATE OF NAME CHANGE:** 20040108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN FLAGSHIP MULTISTATE TRUST III
- **DATE OF NAME CHANGE:** 19960807

## Series and Classes Contracts Data

### Nuveen Georgia Municipal Bond Fund (Series ID: S000000560)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000001548 | Nuveen Georgia Municipal Bond Fund - Class A | FGATX           |
| C000001551 | Nuveen Georgia Municipal Bond Fund - Class I | FGARX           |
| C000137683 | Class C                                      | FGCCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Nuveen Multistate Trust III

- **b. Investment Company Act file number:** 811-07943

- **c. CIK number of Registrant:** 0001020661

- **d. LEI of Registrant:** 549300KF91725RB3OG60

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nuveen Georgia Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000000560

- **c. LEI of Series:** 549300Q4OOE0CQZWM487

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $146851456.00

**Total Liabilities:** $580159.00

**Net Assets:** $146271297.00

**Cash Not Reported:** $1079434.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -67.52000000 | **1-Year:** -1433.08000000 | **5-Year:** -5010.82000000 | **10-Year:** -45426.24000000 | **30-Year:** -56006.34000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** -713.59000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001548 | 2.73%                | 1.31%                | 0.27%                |
| Class ID C000001551 | 2.75%                | 1.33%                | 0.39%                |
| Class ID C000137683 | 2.67%                | 1.35%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-25137.50               | $3603080.52                                |
| Month 2  | $0.00                    | $1556514.74                                |
| Month 3  | $-7905.03                | $41086.62                                  |

### Schedule of Portfolio Investments

| Name                                                                                                                                                   | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Georgia Local Governments, Certificates of Participation, Georgia Municipal Association, Series 1998A                                                  | Georgia Local Governments, Certificates of Participation, Georgia Municipal Association, Series 1998A                                                  | CUSIP: 373271AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1671000 | PA      | $1713308.05   | 1.17%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | CUSIP: 051177BS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100086.39    | 0.07%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2017B       | Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2017B       | CUSIP: 362762MM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4052203.60   | 2.77%             | 2045-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1                                | Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1                                | CUSIP: 04780NJL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500870.25   | 1.71%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Second Lien Series 2015B                                  | Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Second Lien Series 2015B                                  | CUSIP: 04780NKD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500356.10   | 1.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | CUSIP: 051177BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160155.49    | 0.11%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | CUSIP: 051177BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170156.01    | 0.12%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | Augusta, Georgia, Airport Revenue Bonds, Refunding General Series 2015A                                                                                | CUSIP: 051177BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150135.06    | 0.10%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carrollton Independent School System, Carroll County, Georgia, General Obligation Bonds, Series 2015                                                   | Carrollton Independent School System, Carroll County, Georgia, General Obligation Bonds, Series 2015                                                   | CUSIP: 145317BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007603.60   | 0.69%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series 1993                                                       | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series 1993                                                       | CUSIP: 190760BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40787.31     | 0.03%             | 2026-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series 2005                                                       | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series 2005                                                       | CUSIP: 190760FK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30642.23     | 0.02%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts Center, Inc. Project, Refunding Series 2015A                      | Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts Center, Inc. Project, Refunding Series 2015A                      | CUSIP: 3599006Z5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009646.20   | 1.37%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2007A                                                                         | Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2007A                                                                         | CUSIP: 56036YDJ1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2725279.90   | 1.86%             | 2027-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2015A                                                      | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2015A                                                      | CUSIP: 626207L44<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2808791.30   | 1.92%             | 2032-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sandy Springs Public Facilities Authority, Georgia, Revenue Bonds, Sandy Springs City Center Project, Series 2015                                      | Sandy Springs Public Facilities Authority, Georgia, Revenue Bonds, Sandy Springs City Center Project, Series 2015                                      | CUSIP: 80036RAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020127.40   | 1.38%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Development Authority,  Georgia, Revenue Bonds, Georgia Gwinnett College Student Housing Project, Refunding Series 2017B               | Gwinnett County Development Authority,  Georgia, Revenue Bonds, Georgia Gwinnett College Student Housing Project, Refunding Series 2017B               | CUSIP: 403720GE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2792250.45   | 1.91%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Point Building Authority, Georgia, Revenue Bonds, Water & Sewer Project, Refunding Series 2017                                                    | East Point Building Authority, Georgia, Revenue Bonds, Water & Sewer Project, Refunding Series 2017                                                    | CUSIP: 274501FV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1123840.08   | 0.77%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2017A                                                                           | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2017A                                                                           | CUSIP: 047870NZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046494.20   | 0.72%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2006B                                                                       | DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2006B                                                                       | CUSIP: 240523UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1171472.46   | 0.80%             | 2032-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Oglethorpe Power Corporation Vogtle Project, Series 2017C                | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Oglethorpe Power Corporation Vogtle Project, Series 2017C                | CUSIP: 121342PL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1180942.25   | 0.81%             | 2045-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Oglethorpe Power Corporation Vogtle Project, Series 2017D                | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Oglethorpe Power Corporation Vogtle Project, Series 2017D                | CUSIP: 121342PM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1898955.14   | 1.30%             | 2045-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cartersville, Georgia, Water and Sewer Revenue Bonds, Series 2018                                                                                      | Cartersville, Georgia, Water and Sewer Revenue Bonds, Series 2018                                                                                      | CUSIP: 146501QW4<br>LEI: 549300BU50U4TH5CTS53 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038528.80   | 1.39%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts Center, Inc. Project, Series 2019A                                | Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts Center, Inc. Project, Series 2019A                                | CUSIP: 36005FBW4<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027881.00   | 1.39%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A                                                                          | Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A                                                                          | CUSIP: 56035DBV3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2801909.00   | 1.92%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $930193.09    | 0.64%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1825511.55   | 1.25%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority, Georgia, Revenue Bonds, Children's Healthcare of Atlanta, Inc. Project, Series 2019A                                 | Brookhaven Development Authority, Georgia, Revenue Bonds, Children's Healthcare of Atlanta, Inc. Project, Series 2019A                                 | CUSIP: 113073AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3590000 | PA      | $3277275.82   | 2.24%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $960750.58    | 0.66%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Athletic Association Project, Series 2019A                                   | Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Athletic Association Project, Series 2019A                                   | CUSIP: 36005FED3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    815000 | PA      | $866609.71    | 0.59%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project P Bonds, Series 2019B                                                           | Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project P Bonds, Series 2019B                                                           | CUSIP: 6262072R4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008481.60   | 2.06%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2018A                                                                           | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2018A                                                                           | CUSIP: 047870PU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1711018.02   | 1.17%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center Inc. Project, Series 2020                    | Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center Inc. Project, Series 2020                    | CUSIP: 144709LD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1763987.27   | 1.21%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroe, Georgia, Combined Utilities Revenue Bonds, Series 2020                                                                                         | Monroe, Georgia, Combined Utilities Revenue Bonds, Series 2020                                                                                         | CUSIP: 610884EG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3259252.15   | 2.23%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2020A                                                      | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2020A                                                      | CUSIP: 6262075E0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050963.20   | 1.40%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dalton, Georgia, Combined Utilities Revenue Bonds, Series 2020                                                                                         | Dalton, Georgia, Combined Utilities Revenue Bonds, Series 2020                                                                                         | CUSIP: 235586DE1<br>LEI: 549300F2NIJXYBEBL710 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973595.90    | 0.67%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Geo. L. Smith II Georgia World Congress Center Authority, Georgia, Convention Center Hotel Revenue Bonds,  First Tier Series 2021A                     | Geo. L. Smith II Georgia World Congress Center Authority, Georgia, Convention Center Hotel Revenue Bonds,  First Tier Series 2021A                     | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1849483.02   | 1.26%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crisp County Hospital Authority, Georgia, Revenue Anticipation Certificates, Crisp County Hospital Project, Series 2021                                | Crisp County Hospital Authority, Georgia, Revenue Anticipation Certificates, Crisp County Hospital Project, Series 2021                                | CUSIP: 226688DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1752983.63   | 1.20%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road and Tollway Authority, Guaranteed Revenue Bonds, Managed Lane System, Series 2021A                                                  | Georgia State Road and Tollway Authority, Guaranteed Revenue Bonds, Managed Lane System, Series 2021A                                                  | CUSIP: 37358MET4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1163858.75   | 0.80%             | 2037-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority, Revenue Bonds, Series 2021                                                                                                    | Georgia Ports Authority, Revenue Bonds, Series 2021                                                                                                    | CUSIP: 373586GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3516412.76   | 2.40%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority, Revenue Bonds, Series 2021                                                                                                    | Georgia Ports Authority, Revenue Bonds, Series 2021                                                                                                    | CUSIP: 373586GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1889816.00   | 1.29%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bainbridge, Georgia, Combined Utilities Revenue Bonds, Series 2021                                                                                     | Bainbridge, Georgia, Combined Utilities Revenue Bonds, Series 2021                                                                                     | CUSIP: 056832AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1087791.71   | 0.74%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coweta County Public Facilities Authority, Georgia, Revenue Bonds, Coweta County Project, Series 2022                                                  | Coweta County Public Facilities Authority, Georgia, Revenue Bonds, Coweta County Project, Series 2022                                                  | CUSIP: 22366HAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $912087.57    | 0.62%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2020A                                                      | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2020A                                                      | CUSIP: 6262075F7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2543731.00   | 1.74%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Airport General Revenue Bonds, Series 2022A                                                                                          | Atlanta, Georgia, Airport General Revenue Bonds, Series 2022A                                                                                          | CUSIP: 04780MC80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090587.80   | 1.43%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bainbridge, Georgia, Combined Utilities Revenue Bonds, Series 2021                                                                                     | Bainbridge, Georgia, Combined Utilities Revenue Bonds, Series 2021                                                                                     | CUSIP: 056832AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952266.90    | 0.65%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fulton County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. Project, Series 2019A                                           | Fulton County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. Project, Series 2019A                                           | CUSIP: 36005FKC8<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2329925.50   | 1.59%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority, Revenue Bonds, Series 2022                                                                                                    | Georgia Ports Authority, Revenue Bonds, Series 2022                                                                                                    | CUSIP: 373586HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3354316.48   | 2.29%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Subordinate Lien Series 2019D                                         | Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Subordinate Lien Series 2019D                                         | CUSIP: 04780TDM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002301.80   | 1.37%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, General Obligation Bonds, Public Improvement Social Series 2022A-1                                                                   | Atlanta, Georgia, General Obligation Bonds, Public Improvement Social Series 2022A-1                                                                   | CUSIP: 047772K49<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $3086529.69   | 2.11%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, Walton?Hard Labor Creek Reservoir Water Treatment Facility Project, Series 2022    | Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, Walton-Hard Labor Creek Reservoir Water Treatment Facility Project, Series 2022    | CUSIP: 93342PFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1085791.26   | 0.74%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series Series 2022                                                         | DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series 2022                                                                | CUSIP: 240523A75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4149824.00   | 2.84%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority, Georgia, Revenue Bonds, Saint Joseph's/Candler Health System, Inc., Anticipation Certificate Series 2019A                 | Savannah Hospital Authority, Georgia, Revenue Bonds, Saint Joseph's/Candler Health System, Inc., Anticipation Certificate Series 2019A                 | CUSIP: 804833FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2375687.00   | 1.62%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greene County School District, Georgia, General Obligation Bonds, Series 2023                                                                          | Greene County School District, Georgia, General Obligation Bonds, Series 2023                                                                          | CUSIP: 394384BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1566419.40   | 1.07%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, Oconee-Hard Creek Reservoir Project, Series 2023                                   | Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, Oconee-Hard Creek Reservoir Project, Series 2023                                   | CUSIP: 93342PFP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2290721.60   | 1.57%             | 2047-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2023D                                                                          | Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2023D                                                                          | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1546586.14   | 1.06%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority, Georgia, Revenue Anticipation Certificates, WellStar Health System, Inc. Project, Series 2023B                     | Columbia County Hospital Authority, Georgia, Revenue Anticipation Certificates, WellStar Health System, Inc. Project, Series 2023B                     | CUSIP: 197479AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2065544.00   | 1.41%             | 2053-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority, Georgia, Revenue Anticipation Certificates, WellStar Health System, Inc. Project, Series 2023B                     | Columbia County Hospital Authority, Georgia, Revenue Anticipation Certificates, WellStar Health System, Inc. Project, Series 2023B                     | CUSIP: 197479AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2270100.63   | 1.55%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System, Series 2017A                            | Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System, Series 2017A                            | CUSIP: 190813RC1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    420000 | PA      | $428530.87    | 0.29%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority, Revenue Bonds, Series 2022                                                                                                    | Georgia Ports Authority, Revenue Bonds, Series 2022                                                                                                    | CUSIP: 373586HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1928502.60   | 1.32%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Development Authority, Georgia, Charter School Revenue Bonds, Northwest Classical Academy, Inc. Project, Series 2023A                      | Cobb County Development Authority, Georgia, Charter School Revenue Bonds, Northwest Classical Academy, Inc. Project, Series 2023A                      | CUSIP: 190779AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $735439.28    | 0.50%             | 2058-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2021B                                                                                | Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2021B                                                                                | CUSIP: 04780MZA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1217823.03   | 0.83%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road and Tollway Authority, Guaranteed Revenue Bonds, Managed Lane System, Series 2021A                                                  | Georgia State Road and Tollway Authority, Guaranteed Revenue Bonds, Managed Lane System, Series 2021A                                                  | CUSIP: 37358MEV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057758.40   | 1.41%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority, Georgia, Multifamily Housing Revenue Bonds, Kensington Station Project, Series 2023                                   | DeKalb County Housing Authority, Georgia, Multifamily Housing Revenue Bonds, Kensington Station Project, Series 2023                                   | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3670156.08   | 2.51%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series  2022                                                               | DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series  2022                                                               | CUSIP: 240523A26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $4025375.59   | 2.75%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company, Fifth Series 1994                                 | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company, Fifth Series 1994                                 | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028020.20   | 1.39%             | 2032-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Dalton Development Authority, Georgia, Revenue Bonds, Hamilton Health Care System Inc., Series 2024B                                                   | Dalton Development Authority, Georgia, Revenue Bonds, Hamilton Health Care System Inc., Series 2024B                                                   | CUSIP: 235641BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $588718.28    | 0.40%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Series 2024A                                                           | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Series 2024A                                                           | CUSIP: 62620HJZ6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1319086.70   | 0.90%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Airport General Revenue Bonds, Green Series 2024A-1                                                                                  | Atlanta, Georgia, Airport General Revenue Bonds, Green Series 2024A-1                                                                                  | CUSIP: 04780MV22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048363.70   | 0.72%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority, Georgia, Revenue Bonds, University of Georgia Project - UGAREF West Precinct LLC, Serie | Athens-Clarke County Unified Government Development Authority, Georgia, Revenue Bonds, University of Georgia Project - UGAREF West Precinct LLC, Serie | CUSIP: 047059LN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1241053.63   | 0.85%             | 2044-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority, Georgia, Revenue Bonds, University of Georgia Project - UGAREF West Precinct LLC, Serie | Athens-Clarke County Unified Government Development Authority, Georgia, Revenue Bonds, University of Georgia Project - UGAREF West Precinct LLC, Serie | CUSIP: 047059LP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1076744.54   | 0.74%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2024E                                                                          | Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2024E                                                                          | CUSIP: 56035DJH6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080221.10   | 0.74%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perry Public Facilities Authority, Georgia, Revenue Bonds, City of Perry Projects, Series 2025                                                         | Perry Public Facilities Authority, Georgia, Revenue Bonds, City of Perry Projects, Series 2025                                                         | CUSIP: 714666DC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977512.70    | 0.67%             | 2054-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fulton County Development Authority, Georgia, Revenue Bonds, Spellman College, Series 2025                                                             | Fulton County Development Authority, Georgia, Revenue Bonds, Spellman College, Series 2025                                                             | CUSIP: 36005FNM3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    500000 | PA      | $567899.85    | 0.39%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center Inc. Project, Series 2025                    | Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center Inc. Project, Series 2025                    | CUSIP: 144709LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2882322.94   | 1.97%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center Inc. Project, Series 2025                    | Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates, Tanner Medical Center Inc. Project, Series 2025                    | CUSIP: 144709LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $500174.58    | 0.34%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| College Park Housing Authority, Georgia, Multifamily Housing Revenue Bonds, Brad Blue Sky Apartments, LLC Project,  Series 2025                        | College Park Housing Authority, Georgia, Multifamily Housing Revenue Bonds, Brad Blue Sky Apartments, LLC Project,  Series 2025                        | CUSIP: 194307AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754966.35    | 0.52%             | 2044-04-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Upper Oconee Basin Water Authority, Georgia, Water Revenue Bonds, Series 2024                                                                          | Upper Oconee Basin Water Authority, Georgia, Water Revenue Bonds, Series 2024                                                                          | CUSIP: 916281DJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2101110.20   | 1.44%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2025C                                                                      | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2025C                                                                      | CUSIP: 37353PRH4<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552583.85   | 1.06%             | 2045-12-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Jackson County School District, Georgia, General Obligation Bonds, School Series 2025                                                                  | Jackson County School District, Georgia, General Obligation Bonds, School Series 2025                                                                  | CUSIP: 466784EG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1157537.60   | 0.79%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2025B                                                                          | Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2025B                                                                          | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2197334.60   | 1.50%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Galleria Centre Project Series 2025                                         | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Galleria Centre Project Series 2025                                         | CUSIP: 190760JB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $882775.80    | 0.60%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Galleria Centre Project Series 2025                                         | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Galleria Centre Project Series 2025                                         | CUSIP: 190760JC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1466691.50   | 1.00%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Galleria Centre Project Series 2025                                         | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Galleria Centre Project Series 2025                                         | CUSIP: 190760JD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1163319.00   | 0.80%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta, Georgia, Airport General Revenue Bonds, Green Series 2025B-1                                                                                  | Atlanta, Georgia, Airport General Revenue Bonds, Green Series 2025B-1                                                                                  | CUSIP: 04780M3D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064705.90   | 0.73%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Savannah-Georgia Convention Center Authority, Convention Center Hotel Third Tier Revenue Bonds (HMT Pledge), Series 2025C                              | Savannah-Georgia Convention Center Authority, Convention Center Hotel Third Tier Revenue Bonds (HMT Pledge), Series 2025C                              | CUSIP: 804828AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $281095.43    | 0.19%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Nuveen Multistate Trust III

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting