1
Nuveen
Short-Term
REIT
ETF
(NURE)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
99.4%
REAL
ESTATE
INVESTMENT
TRUST
COMMON
STOCKS
-
99.4%
Apartments
-
46.6%
91,434
American
Homes
4
Rent,
Class
A
$
2,875,599
47,865
Apartment
Income
REIT
Corp
1,714,046
48,797
Apartment
Investment
and
Management
Co,
Class
A
375,249
16,308
AvalonBay
Communities
Inc
2,740,723
24,984
Camden
Property
Trust
2,619,322
4,849
Centerspace
264,901
45,732
Equity
Residential
2,743,920
12,188
Essex
Property
Trust
Inc
2,548,998
72,036
Independence
Realty
Trust
Inc
1,154,737
89,556
Invitation
Homes
Inc
2,796,834
18,167
Mid-America
Apartment
Communities
Inc
2,743,944
7,318
NexPoint
Residential
Trust
Inc
319,577
67,300
UDR
Inc
2,763,338
Total
Apartments
25,661,188
Diversified
-
1.4%
28,164
Elme
Communities
503,009
17,297
UMH
Properties
Inc
255,823
Total
Diversified
758,832
Hotels
-
18.5%
68,463
Apple
Hospitality
REIT
Inc
1,062,546
10,948
Ashford
Hospitality
Trust
Inc
(2)
35,143
15,705
Chatham
Lodging
Trust
164,745
67,380
DiamondRock
Hospitality
Co
547,799
10,586
Hersha
Hospitality
Trust,
Class
A
71,138
166,919
Host
Hotels
&
Resorts
Inc
2,752,494
72,357
Park
Hotels
&
Resorts
Inc
894,333
42,310
Pebblebrook
Hotel
Trust
594,033
52,152
RLJ
Lodging
Trust
552,811
17,752
Ryman
Hospitality
Properties
Inc
1,592,887
53,245
Service
Properties
Trust
530,320
34,401
Summit
Hotel
Properties
Inc
240,807
67,711
Sunstone
Hotel
Investors
Inc
668,985
36,638
Xenia
Hotels
&
Resorts
Inc
479,592
Total
Hotels
10,187,633
Manufactured
Homes
-
10.2%
42,341
Equity
LifeStyle
Properties
Inc
2,842,351
20,063
Sun
Communities
Inc
2,826,475
Total
Manufactured
Homes
5,668,826
Self-Storage
-
22.7%
59,722
CubeSmart
2,760,351
17,300
Extra
Space
Storage
Inc
2,818,689
22,179
Life
Storage
Inc
2,907,445
27,194
National
Storage
Affiliates
Trust
1,136,165
9,414
Public
Storage
2,844,346
Total
Self-Storage
12,466,996
Total
Long-Term
Investments
(cost
$72,648,636)
54,743,475
Other
Assets
&
Liabilities,
Net
-
0.6%
342,892
Net
Assets
-
100%
$
55,086,367
Nuveen
Short-Term
REIT
ETF
(NURE)
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
2
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:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Real
Estate
Investment
Trust
Common
Stocks
$
54,743,475
$
–
$
–
$
54,743,475
Total
$
54,743,475
$
–
$
–
$
54,743,475
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