Nuveen Short-Term REIT ETF (NURE)
Portfolio of Investments March 31, 2022
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.7% | ||||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 99.7% | ||||||
Apartments – 49.9% | ||||||
76,883 | American Campus Communities Inc | $4,303,142 | ||||
163,143 | American Homes 4 Rent, Class A | 6,530,614 | ||||
86,733 | Apartment Income REIT Corp | 4,636,746 | ||||
84,358 | Apartment Investment and Management Co, Class A (2) | 617,501 | ||||
27,212 | AvalonBay Communities Inc | 6,758,645 | ||||
39,365 | Camden Property Trust | 6,542,463 | ||||
8,271 | Centerspace | 811,551 | ||||
75,784 | Equity Residential | 6,814,497 | ||||
19,430 | Essex Property Trust Inc | 6,712,676 | ||||
121,924 | Independence Realty Trust Inc | 3,223,671 | ||||
168,969 | Invitation Homes Inc | 6,789,174 | ||||
31,423 | Mid-America Apartment Communities Inc | 6,581,547 | ||||
12,548 | NexPoint Residential Trust Inc | 1,133,210 | ||||
116,157 | UDR Inc | 6,663,927 | ||||
Total Apartments | 68,119,364 | |||||
Diversified – 1.3% | ||||||
25,259 | UMH Properties Inc | 621,119 | ||||
46,738 | Washington Real Estate Investment Trust | 1,191,819 | ||||
Total Diversified | 1,812,938 | |||||
Hotels – 17.3% | ||||||
117,333 | Apple Hospitality REIT Inc | 2,108,474 | ||||
18,319 | Ashford Hospitality Trust Inc (2) | 186,854 | ||||
27,023 | Chatham Lodging Trust (2) | 372,647 | ||||
116,308 | DiamondRock Hospitality Co (2) | 1,174,711 | ||||
18,301 | Hersha Hospitality Trust (2) | 166,173 | ||||
368,141 | Host Hotels & Resorts Inc | 7,152,980 | ||||
130,653 | Park Hotels & Resorts Inc | 2,551,653 | ||||
72,588 | Pebblebrook Hotel Trust | 1,776,954 | ||||
92,014 | RLJ Lodging Trust | 1,295,557 | ||||
30,424 | Ryman Hospitality Properties Inc (2) | 2,822,435 | ||||
91,010 | Service Properties Trust | 803,618 | ||||
58,988 | Summit Hotel Properties Inc (2) | 587,520 | ||||
121,181 | Sunstone Hotel Investors Inc (2) | 1,427,512 |
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Nuveen Short-Term REIT ETF (NURE) (continued)
Portfolio of Investments March 31, 2022
(Unaudited)
Shares | Description (1) | Value | ||||
Hotels (continued) | ||||||
63,071 | Xenia Hotels & Resorts Inc (2) | $1,216,640 | ||||
Total Hotels | 23,643,728 | |||||
Manufactured Homes – 9.6% | ||||||
86,293 | Equity LifeStyle Properties Inc | 6,599,688 | ||||
37,168 | Sun Communities Inc | 6,515,179 | ||||
Total Manufactured Homes | 13,114,867 | |||||
Self-Storage – 21.6% | ||||||
120,892 | CubeSmart | 6,290,011 | ||||
33,603 | Extra Space Storage Inc | 6,908,777 | ||||
45,316 | Life Storage Inc | 6,363,726 | ||||
45,273 | National Storage Affiliates Trust | 2,841,333 | ||||
17,997 | Public Storage | 7,023,869 | ||||
Total Self-Storage | 29,427,716 | |||||
Total Long-Term Investments (cost $126,173,301) | 136,118,613 | |||||
Other Assets Less Liabilities – 0.3% | 473,607 | |||||
Net Assets – 100% | $136,592,220 |
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).
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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:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Real Estate Investment Trust Common Stocks | $136,118,613 | $ — | $ — | $136,118,613 |
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. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
REIT | Real Estate Investment Trust |
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