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        <name>Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019</name>
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        <name>Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Mayo/Brooks Rehabilitation Facility Project, Series 2024A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Eastern Kentucky University Project, Series 2016</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2024A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Pinal County Community College District, Arizona, Revenue Bonds, Central Arizona College, Series 2017</name>
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        <cusip>722042GX0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County Unified School District 69 Paradise Valley, Arizona, General Obligation Bonds, School Improvement Project of 2015, Series 2021E</name>
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        <name>Arizona Industrial Development Authority, Multifamily Housing Revenue Bonds, Bridgewater Avondale Project, Series 2017</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2020</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2021C</name>
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        <name>Mesa, Arizona, Utility System Revenue Bonds, Series 2022A</name>
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        <cusip>590545W54</cusip>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017G</name>
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      <invstOrSec>
        <name>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Queen Creek, Arizona, Excise Tax &amp; State Shared Revenue Obligation Bonds, Refunding Series 2016</title>
        <cusip>74823YFX8</cusip>
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        <name>Goodyear, Arizona, Water and Sewer Revenue Obligations, Refunding Subordinate Lien Series 2016</name>
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        <name>Tartesso West Community Facility District, Buckeye, Arizona, Limited Tax General Obligation Bonds, Series 2021</name>
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        <name>Maricopa County Unified School District 95 Queen Creek, Arizona, General Obligation Bonds, School Improvement Series 2020</name>
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        <name>Tempe Industrial Development Authority, Arizona, Revenue Bonds, Mirabella at ASU Project, Series 2017A</name>
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        <name>Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A</name>
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        <name>Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024</name>
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        <name>Central Arizona Water Conservation District, Arizona, Water Delivery O&amp;M Revenue Bonds, Series 2016</name>
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        <name>Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024A</name>
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        <cusip>566736FL3</cusip>
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        <name>Surprise, Arizona, Pledged Revenue Bonds, Refunding Series 2015</name>
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        <cusip>86889AAQ5</cusip>
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          <isin value="US86889AAQ58"/>
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        <fairValLevel>2</fairValLevel>
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        <name>McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016</name>
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        <cusip>579173CN3</cusip>
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          <isin value="US579173CN39"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017</name>
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        <title>Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017</title>
        <cusip>29758ABN9</cusip>
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          <isin value="US29758ABN90"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2026D</name>
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        <title>Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2026D</title>
        <cusip>56682HEN5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County and Phoenix City Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024C</name>
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        <title>Maricopa County and Phoenix City Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024C</title>
        <cusip>566736HS6</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Cottonwood, Arizona, Pledged Revenue Bonds, Series 2015</name>
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        <cusip>221821AP6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Superstition Vistas Community Facilities District 1, Apache Junction, Arizona, Special Assessment Revenue Bonds, Series 2023</name>
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        <cusip>86852AAM7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Project of 2023, Series 2024A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019B</name>
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        <cusip>71883MQA5</cusip>
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          <isin value="US71883MQA52"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2015</name>
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        <title>Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2015</title>
        <cusip>277482AS4</cusip>
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        <name>Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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        <name>City of Mesa, Arizona, Utility System Revenue Bonds, Series 2022C</name>
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        <title>City of Mesa, Arizona, Utility System Revenue Bonds, Series 2022C</title>
        <cusip>590545Y94</cusip>
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        <valUSD>1737778.05000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</title>
        <cusip>74529JQG3</cusip>
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          <isin value="US74529JQG30"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007</name>
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        <cusip>158862CD2</cusip>
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          <isin value="US158862CD22"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tucson, Arizona, Water System Revenue Bonds, Obligations Series 2024</name>
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        <title>Tucson, Arizona, Water System Revenue Bonds, Obligations Series 2024</title>
        <cusip>898797JW6</cusip>
        <identifiers>
          <isin value="US898797JW64"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yuma County, Arizona, Pledge Revenue Obligations, Series 2022</name>
        <lei>N/A</lei>
        <title>Yuma County, Arizona, Pledge Revenue Obligations, Series 2022</title>
        <cusip>988636BJ4</cusip>
        <identifiers>
          <isin value="US988636BJ48"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>853654.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Arizona State Transportation Board, Highway Revenue Bonds, Refunding Series 2026</name>
        <lei>N/A</lei>
        <title>Arizona State Transportation Board, Highway Revenue Bonds, Refunding Series 2026</title>
        <cusip>040654ZK4</cusip>
        <identifiers>
          <isin value="US040654ZK44"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Somerset Academy of Las Vegas ? Aliante and Skye Canyon Campus Pr</name>
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        <cusip>04052BMT8</cusip>
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          <isin value="US04052BMT88"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maricopa, Arizona, Pledged Revenue Obligations, Series 2023</name>
        <lei>N/A</lei>
        <title>Maricopa, Arizona, Pledged Revenue Obligations, Series 2023</title>
        <cusip>566732AV5</cusip>
        <identifiers>
          <isin value="US566732AV57"/>
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        <balance>500000.00000000</balance>
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        <valUSD>546059.25000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Pima County Unified School District 30 Sahuarita, Arizona, School Improvement Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Pima County Unified School District 30 Sahuarita, Arizona, School Improvement Bonds, Series 2024</title>
        <cusip>721864FW1</cusip>
        <identifiers>
          <isin value="US721864FW11"/>
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        <balance>1800000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Series 2025</name>
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        <title>Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Series 2025</title>
        <cusip>378286LZ9</cusip>
        <identifiers>
          <isin value="US378286LZ92"/>
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        <balance>1625000.00000000</balance>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2016A</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2016A</title>
        <cusip>71885FFF9</cusip>
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          <isin value="US71885FFF99"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</name>
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        <title>Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A</title>
        <cusip>04052HBF7</cusip>
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          <isin value="US04052HBF73"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Pima County Unified School District 6 Marana, Arizona, General Obligation Bonds, School Improvement, Project of 2014, Series 2019E</name>
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        <cusip>721812QC2</cusip>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust I</ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
