SEC FORM 3

SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Toronto Dominion Investments, Inc.

(Last)

(First)

(Middle)

1 VANDERBILT AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2022

3. Issuer Name and Ticker or Trading Symbol
Nuveen Dynamic Municipal Opportunities Fund [ NDMO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
MuniFund Preferred Shares	2,400⁽¹⁾	D⁽²⁾⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

1. Name and Address of Reporting Person^*

Toronto Dominion Investments, Inc.

(Last)

(First)

(Middle)

1 VANDERBILT AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

TORONTO DOMINION HOLDINGS USA INC

(Last)

(First)

(Middle)

1 VANDERBILT AVENUE

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

TD GROUP US HOLDINGS LLC

(Last)

(First)

(Middle)

251 LITTLE FALLS DRIVE

(Street)

WELLINGTON

19808

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

TORONTO DOMINION BANK

(Last)

(First)

(Middle)

TORONTO-DOMINION CENTRE, P.O. BOX 1

(Street)

TORONTO

M5K 1A2

(City)

(State)

(Zip)

Explanation of Responses:

1. The 2,400 MuniFund Preferred Shares ("Shares") reported as acquired in Table I represent Series A Shares of Nuveen Dynamic Municipal Opportunities Fund (the "Issuer") beneficially owned by Toronto Dominion Investments, Inc. ("TDI"). The Shares were purchased by TDI from the Issuer. The Shares were acquired for a purchase price of $100,000 per share. TDI is a wholly owned subsidiary of The Toronto-Dominion Bank ("TD Bank").

2. This statement is jointly filed by TD Bank, TDI, Toronto Dominion Holdings (U.S.A.), Inc. ("TDH"), and TD Group US Holdings LLC ("TD GUS"). The Shares are owned directly by TDI. Toronto Dominion Holdings (U.S.A.), Inc. ("TDH") is the sole owner of TDI and TD Group US Holdings LLC ("TD GUS") is the sole owner of TDH. TD Bank is the sole owner of TD GUS. TD Bank, TDH, and TD GUS hold an indirect interest in the Shares by virtue of their ownership of TDI.

3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

	/s/ Christina Petrou on behalf of Toronto Dominion Investments, Inc.	06/17/2022
	/s/ Christina Petrou on behalf of Toronto Dominion Holdings (U.S.A.), Inc.	06/17/2022
	/s/ Cody Botnick on behalf of TD Group US Holdings LLC.	06/17/2022
	/s/ Christina Petrou on behalf of The Toronto-Dominion Bank	06/17/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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SEC Form 3: New insider Toronto Dominion Investments, Inc. claimed ownership of 2,400 units of MuniFund Preferred Shares