Nuveen Investment Trust V NPORT-P Nuveen Flexible Income Fund (Nov 2023 report)

1

Nuveen

Preferred

Securities

and

Income

Fund

Portfolio

of

Investments

November

30,

2023

(Unaudited)

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

-

98.7% 

X

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

48

.5

%

X

2,019,608,691

Automobiles

&

Components

-

1.4%

$

43,118

(b)

General

Motors

Financial

Co

Inc

5.750%

N/A

(c)

$

36,111,325

24,979

(b)

General

Motors

Financial

Co

Inc

5.700%

N/A

(c)

21,898,395

Total

Automobiles

&

Components

58,009,720

Banks

-

20.0%

16,626

(b)

Bank

of

America

Corp

6.500%

N/A

(c)

16,480,410

3,000

(d)

Bank

of

America

Corp

(TSFR3M

reference

rate

+

3.397%

spread)

8.774%

N/A

(c)

2,987,001

13,651

Bank

of

America

Corp

6.100%

N/A

(c)

13,490,391

6,780

Bank

of

America

Corp

4.375%

N/A

(c)

5,866,567

22,649

Bank

of

America

Corp

6.250%

N/A

(c)

22,339,800

26,726

(b)

Bank

of

America

Corp

6.300%

N/A

(c)

26,510,647

49,701

Citigroup

Inc

5.950%

N/A

(c)

48,000,068

11,994

Citigroup

Inc

4.150%

N/A

(c)

9,907,505

37,169

(b)

Citigroup

Inc

6.300%

N/A

(c)

36,562,432

35,016

Citigroup

Inc

5.000%

N/A

(c)

33,728,609

16,930

Citigroup

Inc

7.625%

N/A

(c)

16,837,743

13,777

Citigroup

Inc

6.250%

N/A

(c)

13,379,401

9,885

(b)

Citigroup

Inc

7.375%

N/A

(c)

9,775,279

17,365

Citizens

Financial

Group

Inc

4.000%

N/A

(c)

13,176,836

3,846

Citizens

Financial

Group

Inc

6.375%

N/A

(c)

3,290,203

22,396

CoBank

ACB

6.250%

N/A

(c)

21,270,825

33,000

CoBank

ACB

6.450%

N/A

(c)

31,230,642

14,665

Farm

Credit

Bank

of

Texas,

144A

5.700%

N/A

(c)

13,785,100

6,770

Farm

Credit

Bank

of

Texas,

144A

6.200%

N/A

(c)

5,974,525

10,336

Fifth

Third

Bancorp

4.500%

N/A

(c)

9,317,586

1,875

(d)

Fifth

Third

Bancorp

(TSFR3M

reference

rate

+

3.295%

spread)

8.689%

N/A

(c)

1,738,759

17,141

(b),(d)

First

Citizens

BancShares

Inc/NC

(TSFR3M

reference

rate

+

4.234%

spread)

9.643%

N/A

(c)

17,345,361

5,510

Goldman

Sachs

Group

Inc/The

3.800%

N/A

(c)

4,643,744

965

Goldman

Sachs

Group

Inc/The

4.400%

N/A

(c)

874,289

9,768

HSBC

Capital

Funding

Dollar

1

LP,

144A

10.176%

N/A

(c)

11,868,823

26,515

Huntington

Bancshares

Inc/OH

5.625%

N/A

(c)

23,149,067

62,455

JPMorgan

Chase

&

Co

6.750%

N/A

(c)

62,448,899

4,657

JPMorgan

Chase

&

Co

3.650%

N/A

(c)

4,192,457

31,738

JPMorgan

Chase

&

Co

5.000%

N/A

(c)

31,249,809

7,059

JPMorgan

Chase

&

Co

6.100%

N/A

(c)

7,022,343

6,491

KeyCorp

5.000%

N/A

(c)

5,023,471

14,785

M&T

Bank

Corp

3.500%

N/A

(c)

10,543,386

10,323

M&T

Bank

Corp

5.125%

N/A

(c)

8,321,370

8,046

M&T

Bank

Corp

6.450%

N/A

(c)

7,824,713

16,330

PNC

Financial

Services

Group

Inc/The

3.400%

N/A

(c)

12,515,809

8,444

PNC

Financial

Services

Group

Inc/The

5.000%

N/A

(c)

7,374,705

7,340

(d)

PNC

Financial

Services

Group

Inc/The

(TSFR3M

reference

rate

+

3.302%

spread)

8.679%

N/A

(c)

7,303,180

14,835

PNC

Financial

Services

Group

Inc/The

6.000%

N/A

(c)

13,290,941

30,660

PNC

Financial

Services

Group

Inc/The

6.250%

N/A

(c)

26,735,615

6,555

(b)

PNC

Financial

Services

Group

Inc/The

6.200%

N/A

(c)

6,190,757

14,102

Regions

Financial

Corp

5.750%

N/A

(c)

13,313,894

24,314

Truist

Financial

Corp

5.100%

N/A

(c)

20,910,040

12,446

(b),(d)

Truist

Financial

Corp

(TSFR3M

reference

rate

+

3.364%

spread)

8.773%

N/A

(c)

12,065,642

41,536

Truist

Financial

Corp

4.800%

N/A

(c)

36,695,129

24,750

Wells

Fargo

&

Co

7.625%

N/A

(c)

25,368,973

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

2

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

Banks

(continued)

$

37,830

Wells

Fargo

&

Co

3.900%

N/A

(c)

$

34,129,174

47,503

Wells

Fargo

&

Co

5.875%

N/A

(c)

46,792,649

6,580

Wells

Fargo

&

Co

7.950%

11/15/29

7,158,734

7,490

(d)

Zions

Bancorp

NA

(3-Month

LIBOR

reference

rate

+

3.800%

spread)

9.471%

N/A

(c)

6,479,247

6,645

(d)

Zions

Bancorp

NA

(3-Month

LIBOR

reference

rate

+

4.440%

spread)

10.111%

N/A

(c)

6,306,572

Total

Banks

832,789,122

Capital

Goods

-

2.6%

42,469

AerCap

Global

Aviation

Trust,

144A

6.500%

6/15/45

42,453,796

17,977

(b)

AerCap

Holdings

NV

5.875%

10/10/79

17,372,212

11,955

Air

Lease

Corp

4.650%

N/A

(c)

10,222,846

39,963

ILFC

E-Capital

Trust

I,

144A

7.459%

12/21/65

30,549,295

10,564

ILFC

E-Capital

Trust

I,

144A

7.209%

12/21/65

7,742,017

Total

Capital

Goods

108,340,166

Energy

-

1.7%

14,306

Enbridge

Inc

5.750%

7/15/80

12,431,914

12,755

Enbridge

Inc

7.625%

1/15/83

12,056,757

10,154

Enbridge

Inc

6.000%

1/15/77

9,215,637

4,735

Enbridge

Inc

5.500%

7/15/77

4,162,923

11,442

Energy

Transfer

LP

6.500%

N/A

(c)

10,714,189

3,895

Energy

Transfer

LP

7.125%

N/A

(c)

3,448,907

20,747

Transcanada

Trust

5.600%

3/07/82

16,710,499

4,125

Transcanada

Trust

5.875%

8/15/76

3,859,218

Total

Energy

72,600,044

Financial

Services

-

6.2%

19,925

Ally

Financial

Inc

4.700%

N/A

(c)

12,843,175

11,040

(b)

Ally

Financial

Inc

4.700%

N/A

(c)

7,770,318

20,885

American

AgCredit

Corp,

144A

5.250%

N/A

(c)

19,318,625

13,930

American

Express

Co

3.550%

N/A

(c)

11,743,408

7,300

Bank

of

New

York

Mellon

Corp/The

4.700%

N/A

(c)

7,118,871

13,295

Capital

Farm

Credit

ACA,

144A

5.000%

N/A

(c)

12,098,450

11,655

(b)

Capital

One

Financial

Corp

3.950%

N/A

(c)

8,812,145

16,246

(b)

Charles

Schwab

Corp/The

5.375%

N/A

(c)

15,697,426

11,210

Charles

Schwab

Corp/The

4.000%

N/A

(c)

9,650,733

3,955

Citigroup

Capital

III

7.625%

12/01/36

4,061,314

6,700

Compeer

Financial

ACA,

144A

4.875%

N/A

(c)

6,164,000

8,000

Discover

Financial

Services

5.500%

N/A

(c)

5,566,478

8,108

Discover

Financial

Services

6.125%

N/A

(c)

7,523,878

25,209

Equitable

Holdings

Inc

4.950%

N/A

(c)

23,760,276

31,868

Goldman

Sachs

Group

Inc/The

5.500%

N/A

(c)

31,422,925

25,800

Goldman

Sachs

Group

Inc/The

5.300%

N/A

(c)

24,550,591

20,175

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(c)

20,468,587

2,925

Goldman

Sachs

Group

Inc/The

4.125%

N/A

(c)

2,467,784

26,248

Voya

Financial

Inc

7.748%

N/A

(c)

26,035,378

Total

Financial

Services

257,074,362

Food,

Beverage

&

Tobacco

-

3.0%

13,835

Dairy

Farmers

of

America

Inc,

144A

7.125%

N/A

(c)

12,520,675

51,917

Land

O'

Lakes

Inc,

144A

7.250%

N/A

(c)

40,495,260

44,310

Land

O'

Lakes

Inc,

144A

8.000%

N/A

(c)

38,328,150

46,321

Land

O'

Lakes

Inc,

144A

7.000%

N/A

(c)

34,277,540

Total

Food,

Beverage

&

Tobacco

125,621,625

3

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

Insurance

-

9.2%

$

7,115

Aegon

NV

5.500%

4/11/48

$

6,612,200

7,025

American

International

Group

Inc

5.750%

4/01/48

6,578,120

51,650

(b)

Assurant

Inc

7.000%

3/27/48

51,373,507

66,640

Assured

Guaranty

Municipal

Holdings

Inc,

144A

6.400%

12/15/66

57,643,600

19,875

AXIS

Specialty

Finance

LLC

4.900%

1/15/40

16,311,258

13,804

Enstar

Finance

LLC

5.750%

9/01/40

12,835,225

14,288

Enstar

Finance

LLC

5.500%

1/15/42

11,731,418

10,830

Fidelis

Insurance

Holdings

Ltd,

144A

6.625%

4/01/41

10,394,265

28,387

(b)

Markel

Group

Inc

6.000%

N/A

(c)

27,759,332

24,448

MetLife

Inc,

144A

9.250%

4/08/38

27,092,486

7,425

MetLife

Inc

3.850%

N/A

(c)

6,990,360

4,531

MetLife

Inc

5.875%

N/A

(c)

4,293,716

14,051

PartnerRe

Finance

B

LLC

4.500%

10/01/50

11,708,440

21,542

Provident

Financing

Trust

I

7.405%

3/15/38

21,618,511

3,085

Prudential

Financial

Inc

3.700%

10/01/50

2,543,232

8,234

Prudential

Financial

Inc

5.125%

3/01/52

7,314,745

24,561

QBE

Insurance

Group

Ltd

,

Reg

S

6.750%

12/02/44

24,321,226

15,606

(b)

QBE

Insurance

Group

Ltd,

144A

5.875%

N/A

(c)

15,010,074

34,059

SBL

Holdings

Inc,

144A

6.500%

N/A

(c)

20,441,701

65,824

SBL

Holdings

Inc,

144A

7.000%

N/A

(c)

41,716,789

Total

Insurance

384,290,205

Media

&

Entertainment

-

0.2%

10,628

Paramount

Global

6.375%

3/30/62

8,555,540

Total

Media

&

Entertainment

8,555,540

Technology

Hardware

&

Equipment

-

0.2%

9,350

Vodafone

Group

PLC

4.125%

6/04/81

7,516,534

Total

Technology

Hardware

&

Equipment

7,516,534

Telecommunication

Services

-

0.6%

22,509

Vodafone

Group

PLC

7.000%

4/04/79

22,734,456

Total

Telecommunication

Services

22,734,456

Utilities

-

3.4%

13,450

AES

Andes

SA,

144A

6.350%

10/07/79

12,488,642

7,705

AES

Andes

SA,

144A

7.125%

3/26/79

7,271,806

14,161

American

Electric

Power

Co

Inc

3.875%

2/15/62

11,645,245

4,789

CMS

Energy

Corp

4.750%

6/01/50

4,136,224

13,579

Edison

International

5.000%

N/A

(c)

12,418,840

5,247

Edison

International

5.375%

N/A

(c)

4,852,202

40,009

Emera

Inc

6.750%

6/15/76

38,689,631

12,730

Sempra

4.875%

N/A

(c)

12,197,531

14,740

Sempra

4.125%

4/01/52

11,945,417

13,626

Southern

Co/The

4.000%

1/15/51

12,755,594

10,900

Vistra

Corp,

144A

7.000%

N/A

(c)

10,355,000

3,395

Vistra

Corp,

144A

8.000%

N/A

(c)

3,320,785

Total

Utilities

142,076,917

Total

$1,000

Par

(or

similar)

Institutional

Preferred

(cost

$2,196,255,583)

2,019,608,691

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

4

Principal

Amount

(000)

Description

(a)

,(e)

Coupon

Maturity

Value

X

–

CONTINGENT

CAPITAL

SECURITIES

-

31

.1

%

X

1,297,091,770

Banks

-

26.2%

$

9,702

Australia

&

New

Zealand

Banking

Group

Ltd/United

Kingdom,

144A

6.750%

N/A

(c)

$

9,560,297

27,982

Banco

Bilbao

Vizcaya

Argentaria

SA

6.125%

N/A

(c)

23,747,366

31,985

Banco

Bilbao

Vizcaya

Argentaria

SA

6.500%

N/A

(c)

30,603,082

8,595

Banco

Bilbao

Vizcaya

Argentaria

SA

9.375%

N/A

(c)

8,747,346

10,700

Banco

Mercantil

del

Norte

SA/Grand

Cayman,

144A

7.500%

N/A

(c)

9,767,228

16,450

Banco

Mercantil

del

Norte

SA/Grand

Cayman,

144A

7.625%

N/A

(c)

15,361,880

15,200

Banco

Santander

SA

,

Reg

S

7.500%

N/A

(c)

15,075,658

42,835

Banco

Santander

SA

4.750%

N/A

(c)

33,374,535

19,800

Banco

Santander

SA

9.625%

N/A

(c)

20,666,250

52,965

Barclays

PLC

8.000%

N/A

(c)

49,422,351

27,620

Barclays

PLC

6.125%

N/A

(c)

25,616,821

7,075

Barclays

PLC

9.625%

N/A

(c)

7,089,150

18,135

Barclays

PLC

8.000%

N/A

(c)

17,839,572

19,606

BNP

Paribas

SA,

144A

7.375%

N/A

(c)

19,463,423

43,770

BNP

Paribas

SA,

144A

7.750%

N/A

(c)

43,061,950

30,065

BNP

Paribas

SA,

144A

8.500%

N/A

(c)

30,511,586

12,305

(b)

BNP

Paribas

SA,

144A

9.250%

N/A

(c)

12,918,736

15,630

(b)

BNP

Paribas

SA,

144A

6.625%

N/A

(c)

15,519,937

17,765

BNP

Paribas

SA,

144A

7.000%

N/A

(c)

16,512,916

12,025

Credit

Agricole

SA,

144A

4.750%

N/A

(c)

9,625,857

42,374

Credit

Agricole

SA,

144A

8.125%

N/A

(c)

42,479,935

50,169

HSBC

Holdings

PLC

6.000%

N/A

(c)

45,610,901

38,510

(b)

HSBC

Holdings

PLC

8.000%

N/A

(c)

38,813,574

76,297

HSBC

Holdings

PLC

6.375%

N/A

(c)

73,566,643

22,860

ING

Groep

NV

,

Reg

S

6.750%

N/A

(c)

22,489,439

29,400

ING

Groep

NV

6.500%

N/A

(c)

28,242,228

46,559

ING

Groep

NV

5.750%

N/A

(c)

42,106,917

24,530

Intesa

Sanpaolo

SpA,

144A

7.700%

N/A

(c)

23,569,113

27,366

Lloyds

Banking

Group

PLC

7.500%

N/A

(c)

26,862,883

28,545

Lloyds

Banking

Group

PLC

8.000%

N/A

(c)

27,034,350

42,665

Lloyds

Banking

Group

PLC

7.500%

N/A

(c)

41,114,358

18,370

Macquarie

Bank

Ltd/London,

144A

6.125%

N/A

(c)

16,608,468

25,410

NatWest

Group

PLC

6.000%

N/A

(c)

24,135,584

32,494

NatWest

Group

PLC

8.000%

N/A

(c)

32,227,549

16,900

Nordea

Bank

Abp,

144A

6.625%

N/A

(c)

16,215,667

7,183

(b)

Societe

Generale

SA,

144A

8.000%

N/A

(c)

7,050,262

50,355

Societe

Generale

SA,

144A

9.375%

N/A

(c)

50,394,629

10,075

Societe

Generale

SA,

144A

4.750%

N/A

(c)

8,517,308

5,000

Societe

Generale

SA,

144A

5.375%

N/A

(c)

3,805,806

12,226

Societe

Generale

SA,

144A

6.750%

N/A

(c)

10,292,666

16,920

Societe

Generale

SA,

144A

7.875%

N/A

(c)

16,920,000

34,260

Societe

Generale

SA,

144A

10.000%

N/A

(c)

35,208,420

5,986

Standard

Chartered

PLC,

144A

6.000%

N/A

(c)

5,769,964

25,875

Standard

Chartered

PLC,

144A

7.750%

N/A

(c)

25,640,518

18,774

UniCredit

SpA

,

Reg

S

8.000%

N/A

(c)

18,586,260

Total

Banks

1,097,749,383

Financial

Services

-

4.9%

60,029

Deutsche

Bank

AG

6.000%

N/A

(c)

52,534,379

11,000

Deutsche

Bank

AG

7.500%

N/A

(c)

10,362,754

46,385

UBS

Group

AG

,

Reg

S

6.875%

N/A

(c)

44,589,715

45,277

UBS

Group

AG

,

Reg

S

7.000%

N/A

(c)

44,314,864

42,845

UBS

Group

AG,

144A

7.000%

N/A

(c)

42,643,817

4,620

UBS

Group

AG,

144A

9.250%

N/A

(c)

4,896,858

Total

Financial

Services

199,342,387

Total

Contingent

Capital

Securities

(cost

$1,352,640,447)

1,297,091,770

5

Shares

Description

(a)

Coupon

Value

X

–

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

-

17

.5

%

X

730,956,584

Banks

-

4.5%

65,271

CoBank

ACB

6.200%

$

6,282,334

542,086

Farm

Credit

Bank

of

Texas,

144A

9.681%

53,937,557

486,433

Fifth

Third

Bancorp

6.625%

12,214,333

280,000

Huntington

Bancshares

Inc/OH

8.355%

4,060,000

1,488,532

KeyCorp

6.200%

30,202,314

285,287

KeyCorp

6.125%

6,167,905

1,141,927

New

York

Community

Bancorp

Inc

6.375%

26,458,449

645,483

Regions

Financial

Corp

6.375%

14,349,087

302,269

Regions

Financial

Corp

5.700%

6,003,062

400,687

Synovus

Financial

Corp

5.875%

9,356,041

327,000

Western

Alliance

Bancorp

4.250%

5,359,530

484,833

Wintrust

Financial

Corp

6.875%

11,912,347

Total

Banks

186,302,959

Capital

Goods

-

0.7%

844,551

Air

Lease

Corp

6.150%

20,623,936

271,800

WESCO

International

Inc

10.625%

7,338,600

Total

Capital

Goods

27,962,536

Energy

-

1.8%

158,400

Energy

Transfer

LP

7.600%

3,979,008

1,142,602

NuStar

Energy

LP

11.315%

29,387,724

828,913

NuStar

Energy

LP

12.438%

21,344,510

688,551

NuStar

Logistics

LP

12.389%

18,487,594

Total

Energy

73,198,836

Financial

Services

-

3.1%

188,834

AgriBank

FCB

6.875%

18,883,400

558,300

Equitable

Holdings

Inc

5.250%

11,573,559

385,749

Federal

Agricultural

Mortgage

Corp

6.000%

9,759,450

1,344,835

Morgan

Stanley

5.850%

31,576,726

548,497

Morgan

Stanley

6.375%

13,679,515

322,188

Morgan

Stanley

6.875%

8,151,356

242,300

Morgan

Stanley

6.500%

6,251,340

350,835

Synchrony

Financial

5.625%

5,841,403

1,058,054

Voya

Financial

Inc

5.350%

25,171,104

Total

Financial

Services

130,887,853

Food,

Beverage

&

Tobacco

-

1.5%

1,451,502

CHS

Inc

7.100%

37,811,627

528,896

CHS

Inc

6.750%

13,407,514

193,870

CHS

Inc

7.875%

5,085,210

44,881

CHS

Inc

7.500%

1,178,126

76,700

Dairy

Farmers

of

America

Inc,

144A

7.875%

6,711,250

Total

Food,

Beverage

&

Tobacco

64,193,727

Insurance

-

5.7%

1,275,637

American

Equity

Investment

Life

Holding

Co

5.950%

28,791,127

1,153,711

American

Equity

Investment

Life

Holding

Co

6.625%

27,827,509

1,069,225

(b)

Aspen

Insurance

Holdings

Ltd

9.593%

27,618,082

603,290

(b)

Aspen

Insurance

Holdings

Ltd

5.625%

12,331,248

191,504

Assurant

Inc

5.250%

3,747,733

1,010,787

Athene

Holding

Ltd

6.350%

24,087,054

796,416

Athene

Holding

Ltd

6.375%

19,727,224

540,503

Athene

Holding

Ltd

7.750%

13,626,081

236,820

Delphi

Financial

Group

Inc

8.831%

5,269,245

717,116

Enstar

Group

Ltd

7.000%

17,734,279

1,026,075

Maiden

Holdings

North

America

Ltd

7.750%

19,741,683

763,405

Reinsurance

Group

of

America

Inc

5.750%

19,222,538

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

6

Shares  

Description

(a)

Coupon

Value

Insurance

(continued)

556,200

Reinsurance

Group

of

America

Inc

7.125%

$

14,555,754

221,929

Selective

Insurance

Group

Inc

4.600%

3,868,222

Total

Insurance

238,147,779

Telecommunication

Services

-

0.1%

314,900

(b)

AT&T

Inc

4.750%

6,046,080

Total

Telecommunication

Services

6,046,080

Utilities

-

0.1%

167,800

NiSource

Inc

6.500%

4,216,814

Total

Utilities

4,216,814

Total

$25

Par

(or

similar)

Retail

Preferred

(cost

$776,366,693)

730,956,584

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X

–

CORPORATE

BONDS

-

1

.6

%

X

64,918,405

Banks

-

0.2%

$

7,340

ING

Groep

NV

,

Reg

S

7.500%

12/30/49

$

6,895,049

Total

Banks

6,895,049

Energy

-

0.4%

18,035

Enbridge

Inc

8.500%

1/15/84

18,092,279

Total

Energy

18,092,279

Financial

Services

-

1.0%

62,450

Credit

Suisse

Group

AG

7.250%

3/12/72

6,869,500

61,301

Credit

Suisse

Group

AG

7.500%

6/11/72

6,743,110

49,069

Credit

Suisse

Group

AG

0.000%

1/17/72

5,397,590

36,075

Credit

Suisse

Group

AG

7.500%

1/17/72

3,968,250

12,260

Credit

Suisse

Group

AG

6.380%

2/21/72

1,348,600

8,421

Credit

Suisse

Group

AG

5.250%

2/11/72

926,310

1,800

Deutsche

Bank

AG

,

Reg

S

4.789%

12/30/49

1,518,750

12,595

UBS

Group

AG,

144A

9.250%

5/13/72

13,158,967

Total

Financial

Services

39,931,077

Total

Corporate

Bonds

(cost

$268,816,492)

64,918,405

Total

Long-Term

Investments

(cost

$4,594,079,215)

4,112,575,450

Shares

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

1.8%

X

–

74,976,291

(f)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.370%(g)

$

74,976,291

Total

Investments

Purchased

with

Collateral

from

Securities

Lending

(cost

$74,976,291)

74,976,291

Total

Investments

(cost

$

4,669,055,506

)

-

100

.5

%

$

4,187,551,741

Other

Assets

&

Liabilities,

Net

-  (0.5)%

(

22,311,489

)

Net

Assets

-

100%

$

4,165,240,252

7

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Futures

Contracts

-

Long

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

10-Year

Note

3,150

3/24

$

343,920,979

$

345,860,156

$

1,939,177

U.S.

Treasury

Long

Bond

750

3/24

86,741,544

87,328,125

586,581

U.S.

Treasury

Ultra

Bond

600

3/24

73,020,592

73,800,000

779,408

Total

$503,683,115

$506,988,281

$3,305,166

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

$1,000

Par

(or

similar)

Institutional

Preferred

$

–

$

2,019,608,691

$

–

$

2,019,608,691

Contingent

Capital

Securities

–

1,297,091,770

–

1,297,091,770

$25

Par

(or

similar)

Retail

Preferred

693,810,355

37,146,229

–

730,956,584

Corporate

Bonds

–

64,918,405

–

64,918,405

Investments

Purchased

with

Collateral

from

Securities

Lending

74,976,291

–

–

74,976,291

Investments

in

Derivatives:

Futures

Contracts*

3,305,166

–

–

3,305,166

Total

$

772,091,812

$

3,418,765,095

$

–

$

4,190,856,907

*

Represents

net

unrealized

appreciation

(depreciation).

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

to

any

one

or

more

of

the

industry

sub-classifications

used

by

one

or

more

widely

recognized

market

indexes

or

ratings

group

indexes,

and/or

as

defined

by

Fund

management.

This

definition

may

not

apply

for

purposes

of

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$72,652,708.

(c)

Perpetual

security.

Maturity

date

is

not

applicable.

(d)

Variable

rate

security.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(e)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

of

the

security

for

the

benefit

of

the

issuer.

For

example,

the

terms

may

specify

an

automatic

write-down

of

principal

or

a

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

as

the

issuer’s

capital

ratio

falling

below

a

specified

level.

(f)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(g)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

8

144A

Investment

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

investments

may

only

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

LIBOR

London

Inter-Bank

Offered

Rate

Reg

S

Regulation

S

allows

U.S.

companies

to

sell

securities

to

persons

or

entities

located

outside

of

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

S

provides

a

safe

harbor

from

the

registration

requirements

of

the

Securities

Act

for

the

offers

and

sales

of

securities

by

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

TSFR

3M

CME

Term

SOFR

3

Month

9

Nuveen

Flexible

Income

Fund

Portfolio

of

Investments

November

30,

2023

(Unaudited)

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

-

97.9% 

X

–

CORPORATE

BONDS

-

52

.2

%

X

585,056,141

Automobiles

&

Components

-

3.1%

$

2,675

(b)

Dana

Inc

5.625%

6/15/28

$

2,549,542

7,475

(b)

Ford

Motor

Co

5.291%

12/08/46

6,076,090

9,365

Ford

Motor

Credit

Co

LLC

7.350%

11/04/27

9,634,895

15,280

General

Motors

Co

6.600%

4/01/36

15,656,142

485

Goodyear

Tire

&

Rubber

Co/The

9.500%

5/31/25

493,487

Total

Automobiles

&

Components

34,410,156

Capital

Goods

-

4.3%

3,200

Ashtead

Capital

Inc,

144A

4.000%

5/01/28

2,943,613

2,775

Ashtead

Capital

Inc,

144A

5.500%

8/11/32

2,650,188

6,715

ATS

Corp,

144A

4.125%

12/15/28

5,925,987

13,025

Regal

Rexnord

Corp,

144A

6.400%

4/15/33

12,835,880

2,675

Regal

Rexnord

Corp,

144A

6.050%

4/15/28

2,631,886

6,450

Roller

Bearing

Co

of

America

Inc,

144A

4.375%

10/15/29

5,792,416

9,875

(b)

United

Rentals

North

America

Inc

5.250%

1/15/30

9,434,725

5,849

WESCO

Distribution

Inc,

144A

7.250%

6/15/28

5,947,633

Total

Capital

Goods

48,162,328

Consumer

Discretionary

Distribution

&

Retail

-

2.6%

13,109

Bath

&

Body

Works

Inc

6.875%

11/01/35

12,402,597

8,005

Gap

Inc,

144A

3.875%

10/01/31

6,322,634

15,319

Nordstrom

Inc

5.000%

1/15/44

10,163,282

Total

Consumer

Discretionary

Distribution

&

Retail

28,888,513

Consumer

Services

-

1.2%

15,075

McDonald's

Corp

4.875%

12/09/45

13,730,097

Total

Consumer

Services

13,730,097

Consumer

Staples

Distribution

&

Retail

-

1.9%

21,339

Albertsons

Cos

Inc

/

Safeway

Inc

/

New

Albertsons

LP

/

Albertsons

LLC,

144A

7.500%

3/15/26

21,700,717

Total

Consumer

Staples

Distribution

&

Retail

21,700,717

Energy

-

2.6%

5,375

Antero

Resources

Corp,

144A

7.625%

2/01/29

5,504,650

11,775

COLUMBIA

PIPELINES

OPCO,

144A

6.544%

11/15/53

12,048,153

5,875

Diamondback

Energy

Inc

6.250%

3/15/33

6,082,145

6,404

Phillips

66

4.650%

11/15/34

5,992,544

Total

Energy

29,627,492

Equity

Real

Estate

Investment

Trusts

(REITs)

-

1.4%

6,850

Iron

Mountain

Inc,

144A

4.875%

9/15/29

6,237,829

10,900

VICI

Properties

LP

5.625%

5/15/52

9,399,179

Total

Equity

Real

Estate

Investment

Trusts

(REITs)

15,637,008

Financial

Services

-

2.0%

9,250

Ally

Financial

Inc

8.000%

11/01/31

9,805,032

864

(b)

Ally

Financial

Inc

5.750%

11/20/25

847,935

8,700

(b)

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

144A

6.000%

4/15/25

8,576,373

3,990

Raymond

James

Financial

Inc

4.950%

7/15/46

3,448,893

Total

Financial

Services

22,678,233

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

10

Principal

Amount

(000)  

Description

(a)

Coupon

Maturity

Value

Food,

Beverage

&

Tobacco

-

1.8%

$

9,250

Altria

Group

Inc

5.800%

2/14/39

$

9,097,949

4,400

Anheuser-Busch

Cos

LLC

/

Anheuser-Busch

InBev

Worldwide

Inc

4.900%

2/01/46

4,074,454

7,560

Anheuser-Busch

InBev

Finance

Inc

4.900%

2/01/46

7,000,654

Total

Food,

Beverage

&

Tobacco

20,173,057

Health

Care

Equipment

&

Services

-

2.7%

6,000

Centene

Corp

4.625%

12/15/29

5,572,399

10,125

CVS

Health

Corp

4.780%

3/25/38

9,085,370

12,750

HCA

Inc

5.125%

6/15/39

11,450,603

4,400

(b)

Tenet

Healthcare

Corp

6.125%

10/01/28

4,265,800

Total

Health

Care

Equipment

&

Services

30,374,172

Materials

-

4.6%

6,600

ArcelorMittal

SA

7.000%

10/15/39

6,820,169

5,575

ArcelorMittal

SA

6.800%

11/29/32

5,739,842

9,625

Ashland

Inc

6.875%

5/15/43

9,102,005

11,675

Celanese

US

Holdings

LLC

6.165%

7/15/27

11,777,881

11,300

Sealed

Air

Corp,

144A

6.875%

7/15/33

11,321,617

6,625

Southern

Copper

Corp

5.875%

4/23/45

6,325,594

Total

Materials

51,087,108

Media

&

Entertainment

-

8.4%

9,275

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp,

144A

5.125%

5/01/27

8,824,752

14,500

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

6.484%

10/23/45

13,456,363

10,800

(c)

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

(TSFR3M

reference

rate

+

1.912%

spread)

7.289%

2/01/24

10,809,348

16,824

Nexstar

Media

Inc,

144A

5.625%

7/15/27

15,929,306

19,404

Paramount

Global

6.875%

4/30/36

18,569,633

16,415

(b)

TripAdvisor

Inc,

144A

7.000%

7/15/25

16,470,319

12,325

Warnermedia

Holdings

Inc

5.141%

3/15/52

9,850,888

Total

Media

&

Entertainment

93,910,609

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

1.5%

13,675

Amgen

Inc

4.875%

3/01/53

12,013,266

4,750

Avantor

Funding

Inc,

144A

4.625%

7/15/28

4,443,011

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

16,456,277

Semiconductors

&

Semiconductor

Equipment

-

1.5%

13,308

Amkor

Technology

Inc,

144A

6.625%

9/15/27

13,368,685

5,320

Broadcom

Inc,

144A

3.187%

11/15/36

4,064,878

Total

Semiconductors

&

Semiconductor

Equipment

17,433,563

Software

&

Services

-

1.2%

8,000

Oracle

Corp

6.500%

4/15/38

8,561,701

4,750

Oracle

Corp

5.550%

2/06/53

4,477,848

Total

Software

&

Services

13,039,549

Technology

Hardware

&

Equipment

-

4.3%

26,344

Hewlett

Packard

Enterprise

Co

6.350%

10/15/45

26,817,373

569

NCR

Corp,

144A

5.250%

10/01/30

500,174

5,984

Seagate

HDD

Cayman,

144A

9.625%

12/01/32

6,721,337

4,720

Seagate

HDD

Cayman

4.091%

6/01/29

4,234,360

10,300

(b)

Viasat

Inc,

144A

5.625%

4/15/27

9,540,375

Total

Technology

Hardware

&

Equipment

47,813,619

11

Principal

Amount

(000)  

Description

(a)

Coupon

Maturity

Value

Telecommunication

Services

-

5.5%

$

28,525

(c)

AT&T

Inc

(TSFR3M

reference

rate

+

1.180%

spread)

6.852%

6/12/24

$

28,634,139

6,707

GCI

LLC,

144A

4.750%

10/15/28

6,021,411

26,775

Sprint

LLC

7.125%

6/15/24

26,900,762

Total

Telecommunication

Services

61,556,312

Transportation

-

1.6%

8,279

XPO

CNW

Inc

6.700%

5/01/34

8,246,546

8,060

XPO

Inc,

144A

6.250%

6/01/28

7,962,670

2,145

XPO

Inc,

144A

7.125%

6/01/31

2,168,115

Total

Transportation

18,377,331

Total

Corporate

Bonds

(cost

$637,396,662)

585,056,141

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

27

.6

%

X

309,784,612

Automobiles

&

Components

-

2.0%

$

8,635

(b)

Dana

Inc

4.250%

9/01/30

$

7,328,956

6,763

General

Motors

Financial

Co

Inc

6.500%

N/A

(d)

5,881,248

3,613

General

Motors

Financial

Co

Inc

5.700%

N/A

(d)

3,167,417

6,930

(b)

Goodyear

Tire

&

Rubber

Co

5.250%

7/15/31

6,011,775

Total

Automobiles

&

Components

22,389,396

Banks

-

9.6%

10,160

(b)

Bank

of

America

Corp

6.500%

N/A

(d)

10,071,031

8,965

(b)

Bank

of

America

Corp

6.300%

N/A

(d)

8,892,762

4,691

Bank

of

America

Corp

6.250%

N/A

(d)

4,626,959

23,521

(b)

Citigroup

Inc

6.250%

N/A

(d)

22,842,193

4,025

(c)

First

Citizens

BancShares

Inc/NC

(TSFR3M

reference

rate

+

4.234%

spread)

9.643%

N/A

(d)

4,072,988

24,175

JPMorgan

Chase

&

Co

6.750%

N/A

(d)

24,172,639

3,000

JPMorgan

Chase

&

Co

6.100%

N/A

(d)

2,984,421

9,994

(b)

PNC

Financial

Services

Group

Inc/The

6.200%

N/A

(d)

9,438,661

5,450

(c)

PNC

Financial

Services

Group

Inc/The

(TSFR3M

reference

rate

+

3.302%

spread)

8.679%

N/A

(d)

5,422,661

9,100

Wells

Fargo

&

Co

5.875%

N/A

(d)

8,963,920

6,175

(b)

Wells

Fargo

&

Co

7.625%

N/A

(d)

6,329,431

Total

Banks

107,817,666

Energy

-

1.2%

12,781

Transcanada

Trust

5.875%

8/15/76

11,957,496

1,150

Transcanada

Trust

5.600%

3/07/82

926,258

Total

Energy

12,883,754

Financial

Services

-

2.9%

8,227

Ally

Financial

Inc

4.700%

N/A

(d)

5,790,225

6,675

American

Express

Co

3.550%

N/A

(d)

5,627,225

5,425

Ares

Finance

Co

III

LLC,

144A

4.125%

6/30/51

4,448,491

4,075

Goldman

Sachs

Group

Inc

5.300%

N/A

(d)

3,877,661

350

Goldman

Sachs

Group

Inc

4.950%

N/A

(d)

330,343

5,475

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(d)

5,554,672

7,050

Morgan

Stanley

5.948%

1/19/38

6,834,022

Total

Financial

Services

32,462,639

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

12

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

Food,

Beverage

&

Tobacco

-

0.6%

$

3,300

Land

O'

Lakes

Inc,

144A

7.250%

N/A

(d)

$

2,574,000

3,200

Land

O'

Lakes

Inc,

144A

7.000%

N/A

(d)

2,368,000

2,042

Land

O'

Lakes

Inc,

144A

8.000%

N/A

(d)

1,766,330

Total

Food,

Beverage

&

Tobacco

6,708,330

Insurance

-

1.7%

5,825

Enstar

Finance

LLC

5.500%

1/15/42

4,782,721

4,950

Enstar

Finance

LLC

5.750%

9/01/40

4,602,605

10,255

Liberty

Mutual

Group

Inc,

144A

7.800%

3/15/37

9,971,041

Total

Insurance

19,356,367

Media

&

Entertainment

-

0.7%

1,575

Paramount

Global

6.375%

3/30/62

1,267,875

7,830

Sirius

XM

Radio

Inc,

144A

4.000%

7/15/28

6,996,038

Total

Media

&

Entertainment

8,263,913

Technology

Hardware

&

Equipment

-

1.2%

14,425

NCR

Corp,

144A

5.125%

4/15/29

13,211,123

Total

Technology

Hardware

&

Equipment

13,211,123

Utilities

-

7.7%

7,400

Dominion

Energy

Inc

4.350%

N/A

(d)

6,337,649

10,250

Edison

International

5.000%

N/A

(d)

9,374,263

18,445

Emera

Inc

6.750%

6/15/76

17,836,743

12,090

NextEra

Energy

Capital

Holdings

Inc

5.650%

5/01/79

10,751,182

11,775

NRG

Energy

Inc,

144A

10.250%

N/A

(d)

11,663,699

6,121

Sempra

4.875%

N/A

(d)

5,864,972

20,475

Vistra

Corp,

144A

8.000%

N/A

(d)

20,027,416

5,090

Vistra

Corp,

144A

7.000%

N/A

(d)

4,835,500

Total

Utilities

86,691,424

Total

$1,000

Par

(or

similar)

Institutional

Preferred

(cost

$344,019,719)

309,784,612

Shares

Description

(a)

Value

X

–

COMMON

STOCKS

-

8

.8

%

X

98,558,707

Capital

Goods

-

1.4%

74,300

Carrier

Global

Corp

$

3,860,628

15,100

General

Dynamics

Corp

3,729,247

15,700

Huntington

Ingalls

Industries

Inc

3,721,214

74,500

nVent

Electric

PLC

3,967,125

Total

Capital

Goods

15,278,214

Consumer

Services

-

0.5%

20,500

McDonald's

Corp

5,777,720

Total

Consumer

Services

5,777,720

Consumer

Staples

Distribution

&

Retail

-

0.5%

33,000

Walmart

Inc

5,137,770

Total

Consumer

Staples

Distribution

&

Retail

5,137,770

Energy

-

1.0%

22,100

ConocoPhillips

2,554,097

32,700

Exxon

Mobil

Corp

3,359,598

53,200

Shell

PLC,

ADR

3,500,560

12,300

Valero

Energy

Corp

1,541,928

Total

Energy

10,956,183

13

Shares

Description

(a)

Value

Equity

Real

Estate

Investment

Trusts

(REITs)

-

0.9%

21,300

American

Tower

Corp

$

4,447,014

99,796

National

Storage

Affiliates

Trust

2,327,243

14,400

Public

Storage

3,726,144

Total

Equity

Real

Estate

Investment

Trusts

(REITs)

10,500,401

Food,

Beverage

&

Tobacco

-

0.3%

39,000

Philip

Morris

International

Inc

3,641,040

Total

Food,

Beverage

&

Tobacco

3,641,040

Health

Care

Equipment

&

Services

-

1.1%

11,700

Cigna

Group/The

3,075,696

10,300

Humana

Inc

4,994,058

48,000

Medtronic

PLC

3,804,960

Total

Health

Care

Equipment

&

Services

11,874,714

Materials

-

0.5%

54,100

DuPont

de

Nemours

Inc

3,870,314

56,100

Sealed

Air

Corp

1,872,618

Total

Materials

5,742,932

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

1.2%

83,500

AstraZeneca

PLC,

Sponsored

ADR

5,393,265

45,900

Gilead

Sciences

Inc

3,515,940

102,400

Sanofi,

ADR

4,787,200

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

13,696,405

Semiconductors

&

Semiconductor

Equipment

-

0.6%

13,300

Applied

Materials

Inc

1,992,074

104,100

Intel

Corp

4,653,270

Total

Semiconductors

&

Semiconductor

Equipment

6,645,344

Technology

Hardware

&

Equipment

-

0.5%

34,100

Cisco

Systems

Inc

1,649,758

230,600

Hewlett

Packard

Enterprise

Co

3,899,446

Total

Technology

Hardware

&

Equipment

5,549,204

Utilities

-

0.3%

51,582

Sempra

3,758,780

Total

Utilities

3,758,780

Total

Common

Stocks

(cost

$86,115,112)

98,558,707

Shares

Description

(a)

Coupon

Value

X

–

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

-

7

.1

%

X

79,888,812

Banks

-

0.2%

77,954

(e)

Citigroup

Inc

9.696%

$

2,011,213

Total

Banks

2,011,213

Capital

Goods

-

0.5%

204,000

WESCO

International

Inc

10.625%

5,508,000

Total

Capital

Goods

5,508,000

Financial

Services

-

1.2%

314,799

Morgan

Stanley

7.125%

7,945,527

89,574

Morgan

Stanley

6.875%

2,266,222

194,900

Synchrony

Financial

5.625%

3,245,085

Total

Financial

Services

13,456,834

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

14

Shares  

Description

(a)

Coupon

Value

Food,

Beverage

&

Tobacco

-

1.1%

384,432

CHS

Inc

6.750%

$

9,745,351

90,213

CHS

Inc

7.100%

2,350,049

Total

Food,

Beverage

&

Tobacco

12,095,400

Insurance

-

2.9%

287,059

Allstate

Corp/The

7.375%

7,667,346

284,806

Athene

Holding

Ltd

6.350%

6,786,927

220,806

Athene

Holding

Ltd

6.375%

5,469,365

169,032

Enstar

Group

Ltd

7.000%

4,180,161

337,825

Reinsurance

Group

of

America

Inc

7.125%

8,840,880

Total

Insurance

32,944,679

Utilities

-

1.2%

118,890

Algonquin

Power

&

Utilities

Corp

6.200%

2,972,250

434,800

(b)

SCE

Trust

VII

7.500%

10,900,436

Total

Utilities

13,872,686

Total

$25

Par

(or

similar)

Retail

Preferred

(cost

$82,712,352)

79,888,812

Shares

Description

(a)

Coupon

Value

X

–

CONVERTIBLE

PREFERRED

SECURITIES

-

1

.1

%

X

12,107,940

Banks

-

1.1%

10,830

Wells

Fargo

&

Co

7.500%

$

12,107,940

Total

Banks

12,107,940

Total

Convertible

Preferred

Securities

(cost

$13,589,059)

12,107,940

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

CONVERTIBLE

BONDS

-

0

.6

%

X

6,177,738

Utilities

-

0.6%

$

6,275

FirstEnergy

Corp,

144A

4.000%

5/01/26

$

6,177,738

Total

Utilities

6,177,738

Total

Convertible

Bonds

(cost

$6,347,261)

6,177,738

Shares

Description

(a)

Coupon

Issue

Price

Cap

Price

Maturity

Value

X

–

STRUCTURED

NOTES

-

0

.5

%

X

6,146,605

292,400

Merrill

Lynch

International

&

Co,

Mandatory

Exchangeable

Note,

Linked

to

Common

Stock

of

Kenvue

Inc

(Cap

114.30%

of

the

Issue

Price)

12.000%

$23.6893

$27.0769

2/20/24

$

6,146,605

Total

Structured

Notes

(cost

$6,926,751)

6,146,605

Total

Long-Term

Investments

(cost

$1,177,106,916)

1,097,720,555

Shares

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

2.2%

X

–

24,314,906

(f)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.370%(g)

$

24,314,906

Total

Investments

Purchased

with

Collateral

from

Securities

Lending

(cost

$24,314,906)

24,314,906

15

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

0.8% 

X

–

REPURCHASE

AGREEMENTS

-

0

.8

%

X

9,106,190

$

8,830

(h)

Fixed

Income

Clearing

Corp

(FICC)

5.290%

12/01/23

$

8,830,000

276

(i)

Fixed

Income

Clearing

Corp

(FICC)

1.600%

12/01/23

276,190

Total

Repurchase

Agreements

(cost

$9,106,190)

9,106,190

Total

Short-Term

Investments

(cost

$9,106,190)

9,106,190

Total

Investments

(cost

$

1,210,528,012

)

-

100

.9

%

1,131,141,651

Other

Assets

&

Liabilities,

Net

-  (0.9)%

(

10,352,255

)

Net

Assets

-

100%

$

1,120,789,396

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Corporate

Bonds

$

–

$

585,056,141

$

–

$

585,056,141

$1,000

Par

(or

similar)

Institutional

Preferred

–

309,784,612

–

309,784,612

Common

Stocks

98,558,707

–

–

98,558,707

$25

Par

(or

similar)

Retail

Preferred

68,988,376

10,900,436

–

79,888,812

Convertible

Preferred

Securities

12,107,940

–

–

12,107,940

Convertible

Bonds

–

6,177,738

–

6,177,738

Structured

Notes

–

6,146,605

–

6,146,605

Investments

Purchased

with

Collateral

from

Securities

Lending

24,314,906

–

–

24,314,906

Short-Term

Investments:

Repurchase

Agreements

–

9,106,190

–

9,106,190

Total

$

203,969,929

$

927,171,722

$

–

$

1,131,141,651

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

to

any

one

or

more

of

the

industry

sub-classifications

used

by

one

or

more

widely

recognized

market

indexes

or

ratings

group

indexes,

and/or

as

defined

by

Fund

management.

This

definition

may

not

apply

for

purposes

of

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

Investment,

or

a

portion

of

investment,

is

out

on

loan

for

securities

lending.

The

total

value

of

the

securities

out

on

loan

as

of

the

end

of

the

reporting

period

was

$23,208,038.

(c)

Variable

rate

security.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

of

Investments

November

30,

2023

(Unaudited)

16

(d)

Perpetual

security.

Maturity

date

is

not

applicable.

(e)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

derivatives.

(f)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

value

of

its

total

assets

(which

includes

collateral

for

securities

on

loan)

to

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

by

the

Fund

shall

have

a

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(g)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(h)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

11/30/23

to

be

repurchased

at

$8,831,298

on

12/1/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

12/31/29,

valued

at

$9,006,605.

(i)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.600%

dated

11/30/23

to

be

repurchased

at

$276,203

on

12/1/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.500%

and

maturity

date

7/15/26,

valued

at

$281,749.

144A

Investment

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

investments

may

only

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

TSFR

3M

CME

Term

SOFR

3

Month