1
Nuveen
Core
Plus
Impact
Fund
Portfolio
of
Investments
March
31,
2024
(Unaudited)
NPCT
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
LONG-TERM
INVESTMENTS
-
154.2%
(99.5%
of
Total
Investments)
X
–
CORPORATE
BONDS
-
86.0%
(55.5%
of
Total
Investments)
X
296,760,661
Automobiles
&
Components
-
1.9%
$
4,000
Dana
Inc
4.250%
9/01/30
$
3,534,555
3,510
Ford
Motor
Co
3.250%
2/12/32
2,919,637
Total
Automobiles
&
Components
6,454,192
Banks
-
14.3%
5,000
(b)
Citigroup
Inc
2.014%
1/25/26
4,847,946
17,000
Intesa
Sanpaolo
SpA,
144A
4.950%
6/01/42
12,682,120
3,583
JPMorgan
Chase
&
Co
0.768%
8/09/25
3,515,351
5,000
(b)
Lloyds
Banking
Group
PLC
4.976%
8/11/33
4,815,266
10,000
(b)
Standard
Chartered
PLC,
144A
5.300%
1/09/43
9,451,033
15,000
(b)
UniCredit
SpA,
144A
5.459%
6/30/35
14,085,806
Total
Banks
49,397,522
Capital
Goods
-
2.9%
5,800
(b)
GATX
Corp
3.100%
6/01/51
3,784,600
5,000
Sociedad
de
Transmision
Austral
SA,
144A
4.000%
1/27/32
4,375,280
2,305
YMCA
of
Greater
New
York
5.021%
8/01/38
2,000,546
Total
Capital
Goods
10,160,426
Commercial
&
Professional
Services
-
0.5%
1,625
Ambipar
Lux
Sarl,
144A
9.875%
2/06/31
1,628,169
Total
Commercial
&
Professional
Services
1,628,169
Consumer
Discretionary
Distribution
&
Retail
-
2.3%
10,000
Nordstrom
Inc
5.000%
1/15/44
7,749,475
Total
Consumer
Discretionary
Distribution
&
Retail
7,749,475
Consumer
Durables
&
Apparel
-
1.5%
5,000
EUR
(c)
Arcelik
AS,
Reg
S
3.000%
5/27/26
5,205,451
Total
Consumer
Durables
&
Apparel
5,205,451
Consumer
Services
-
0.6%
2,160
YMCA
of
Greater
New
York
2.303%
8/01/26
1,983,392
Total
Consumer
Services
1,983,392
Diversified
Financials
-
1.5%
5,400
EUR
(c)
Power
Finance
Corp
Ltd
1.841%
9/21/28
5,161,113
Total
Diversified
Financials
5,161,113
Energy
-
3.8%
15,000
(b)
Santos
Finance
Ltd,
144A
3.649%
4/29/31
13,070,281
Total
Energy
13,070,281
Equity
Real
Estate
Investment
Trusts
(Reits)
-
0.5%
2,000
Host
Hotels
&
Resorts
LP
2.900%
12/15/31
1,661,997
Total
Equity
Real
Estate
Investment
Trusts
(Reits)
1,661,997
Equity
Real
Estate
Investment
Trusts
(REITs)
-
3.5%
9,915
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC,
144A
3.375%
6/15/26
9,338,989
2,000
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC,
144A
3.750%
9/15/30
1,679,796
1,000
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC,
144A
8.000%
6/15/27
1,042,700
Total
Equity
Real
Estate
Investment
Trusts
(REITs)
12,061,485
Nuveen
Core
Plus
Impact
Fund
(continued)
Portfolio
of
Investments
March
31,
2024
(Unaudited)
2
NPCT
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
Financial
Services
-
3.3%
$
2,400
Community
Preservation
Corp/The
2.867%
2/01/30
$
2,096,804
4,292
Starwood
Property
Trust
Inc,
144A
3.625%
7/15/26
4,027,009
5,710
Starwood
Property
Trust
Inc,
144A
4.375%
1/15/27
5,371,114
Total
Financial
Services
11,494,927
Materials
-
6.5%
345
Alcoa
Nederland
Holding
BV,
144A
7.125%
3/15/31
351,436
1,550
Cemex
SAB
de
CV,
144A
9.125%
12/30/49
1,683,849
5,000
LG
Chem
Ltd,
144A
2.375%
7/07/31
4,138,582
5,000
LYB
International
Finance
III
LLC
3.800%
10/01/60
3,470,704
8,108
Star
Energy
Geothermal
Wayang
Windu
Ltd,
144A
6.750%
4/24/33
8,135,891
5,000
(b)
Teck
Resources
Ltd
5.200%
3/01/42
4,568,109
Total
Materials
22,348,571
Media
&
Entertainment
-
2.0%
10,000
Discovery
Communications
LLC
4.000%
9/15/55
6,843,712
Total
Media
&
Entertainment
6,843,712
Real
Estate
Management
&
Development
-
0.6%
2,250
EUR
(c)
GTC
Aurora
Luxembourg
SA,
Reg
S
2.250%
6/23/26
2,080,741
Total
Real
Estate
Management
&
Development
2,080,741
Technology
Hardware
&
Equipment
-
3.5%
5,000
SK
Battery
America
Inc,
Reg
S
2.125%
1/26/26
4,625,034
10,000
Vodafone
Group
PLC
5.125%
6/04/81
7,547,407
Total
Technology
Hardware
&
Equipment
12,172,441
Telecommunication
Services
-
0.9%
5,000
Verizon
Communications
Inc
2.987%
10/30/56
3,198,295
Total
Telecommunication
Services
3,198,295
Transportation
-
2.9%
5,000
Delta
Air
Lines
2019-1
Class
AA
Pass
Through
Trust2020
A
3.204%
4/25/24
4,996,167
7,000
Norfolk
Southern
Corp
4.100%
5/15/21
5,104,784
Total
Transportation
10,100,951
Utilities
-
33.0%
1,750
AES
Corp/The
2.450%
1/15/31
1,431,776
15,000
(b)
Brooklyn
Union
Gas
Co/The,
144A
4.273%
3/15/48
11,487,645
5,100
Clearway
Energy
Operating
LLC,
144A
3.750%
1/15/32
4,287,483
7,050
Colbun
SA,
144A
3.150%
1/19/32
5,948,622
2,244
Consolidated
Edison
Co
of
New
York
Inc
4.300%
12/01/56
1,844,824
5,000
EUR
(c)
EDP
-
Energias
de
Portugal
SA
1.875%
3/14/82
4,636,357
5,967
India
Cleantech
Energy2021
1,
144A
4.700%
8/10/26
5,597,515
6,650
Interchile
SA,
144A
4.500%
6/30/56
5,398,090
369
Inversiones
Latin
America
Power
Ltda
12.000%
6/15/33
365,008
4,225
Inversiones
Latin
America
Power
SpA,
144A
11.000%
6/15/33
3,738,957
2,000
Leeward
Renewable
Energy
Operations
LLC,
144A
4.250%
7/01/29
1,716,149
7,330
(b)
Liberty
Utilities
Finance
GP
1,
144A
2.050%
9/15/30
5,936,324
2,033
NextEra
Energy
Operating
Partners
LP,
144A
7.250%
1/15/29
2,080,090
7,000
Pattern
Energy
Operations
LP
/
Pattern
Energy
Operations
Inc,
144A
4.500%
8/15/28
6,525,016
2,553
Solar
Star
Funding
LLC,
144A
5.375%
6/30/35
2,452,674
13,000
(b)
Southern
California
Edison
Co
3.650%
6/01/51
9,596,555
4,000
Southern
Co
Gas
Capital
Corp
3.150%
9/30/51
2,613,152
5,000
Star
Energy
Geothermal
Darajat
II
/
Star
Energy
Geothermal
Salak,
144A
4.850%
10/14/38
4,628,810
8,075
Sunnova
Energy
Corp,
144A
5.875%
9/01/26
6,286,393
9,492
Sweihan
PV
Power
Co
PJSC2022
1,
144A
3.625%
1/31/49
7,547,895
3
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
Utilities
(continued)
$
9,134
Topaz
Solar
Farms
LLC,
144A
4.875%
9/30/39
$
8,084,086
4,084
Topaz
Solar
Farms
LLC,
144A
5.750%
9/30/39
4,078,475
2,641
UEP
Penonome
II
SA2020
1,
144A
6.500%
10/01/38
2,060,195
5,800
Vena
Energy
Capital
Pte
Ltd,
Reg
S
3.133%
2/26/25
5,645,429
Total
Utilities
113,987,520
Total
Corporate
Bonds
(cost
$363,226,515)
296,760,661
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X
–
$1,000
PAR
(OR
SIMILAR)
INSTITUTIONAL
PREFERRED
-
21.5%
(13.9%
of
Total
Investments)
X
74,268,076
Banks
-
7.3%
$
10,375
Banco
Nacional
de
Comercio
Exterior
SNC/Cayman
Islands,
144A
2.720%
8/11/31
$
9,358,760
4,250
Citigroup
Inc
4.150%
N/A
(d)
3,914,820
3,250
JPMorgan
Chase
&
Co
3.650%
N/A
(d)
3,086,646
10,195
PNC
Financial
Services
Group
Inc/The
3.400%
N/A
(d)
8,910,836
Total
Banks
25,271,062
Capital
Goods
-
3.3%
12,000
Air
Lease
Corp
4.650%
N/A
(d)
11,330,360
Total
Capital
Goods
11,330,360
Financial
Services
-
1.9%
7,200
American
Express
Co
3.550%
N/A
(d)
6,664,368
Total
Financial
Services
6,664,368
Insurance
-
1.4%
4,800
Swiss
Re
Finance
Luxembourg
SA,
144A
5.000%
4/02/49
4,656,000
Total
Insurance
4,656,000
Utilities
-
7.6%
5,000
Algonquin
Power
&
Utilities
Corp
4.750%
1/18/82
4,407,779
2,500
CMS
Energy
Corp
4.750%
6/01/50
2,302,523
2,500
CMS
Energy
Corp
3.750%
12/01/50
2,048,080
8,000
EUR
(c)
Engie
SA,
Reg
S
1.875%
N/A
(d)
7,184,968
4,600
Sempra
4.125%
4/01/52
4,243,712
5,000
Southern
Co/The
3.750%
9/15/51
4,674,005
1,500
Vistra
Corp,
144A
7.000%
N/A
(d)
1,485,219
Total
Utilities
26,346,286
Total
$1,000
Par
(or
similar)
Institutional
Preferred
(cost
$84,166,046)
74,268,076
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X–
MORTGAGE-BACKED
SECURITIES
-
19.5%
(12.6%
of
Total
Investments)
X
67,253,201
6,500
(e)
Alen
2021-ACEN
Mortgage
Trust,
(TSFR1M
reference
rate
+
4.114%
spread),
2021
ACEN,
144A
9.440%
4/15/34
$
3,059,495
5,000
(e)
BAMLL
Commercial
Mortgage
Securities
Trust
2021-JACX,
(TSFR1M
reference
rate
+
3.864%
spread),
2021
JACX,
144A
9.190%
9/15/38
3,802,508
4,000
BBCMS
Mortgage
Trust
2020-C6,
2020
C6,
144A
3.688%
2/15/53
2,670,950
3,840
Benchmark
2019-B10
Mortgage
Trust,
2019
B10,
144A
3.899%
3/15/62
2,709,793
7,887
COMM
2020-CX
Mortgage
Trust,
2020
CX,
144A
2.683%
11/10/46
5,442,139
24,559
Freddie
Mac
Multifamily
ML
Certificates,
2023
ML18
1.508%
9/25/37
2,569,624
45,604
Freddie
Mac
Multifamily
ML
Certificates,
2021
ML12,
(I/O)
1.225%
7/25/41
4,439,960
Nuveen
Core
Plus
Impact
Fund
(continued)
Portfolio
of
Investments
March
31,
2024
(Unaudited)
4
NPCT
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X–
MORTGAGE-BACKED
SECURITIES
(continued)
$
28,148
Freddie
Mac
Multifamily
ML
Certificates,
2021
ML10,
(I/O)
2.058%
1/25/38
$
4,118,286
64,977
Freddie
Mac
Multifamily
ML
Certificates,
2021
ML11,
(I/O),
144A
0.667%
3/25/38
3,419,755
500
Hudson
Yards
2016-10HY
Mortgage
Trust,
2016
10HY,
144A
2.835%
8/10/38
467,347
2,500
Hudson
Yards
2019-55HY
Mortgage
Trust,
2019
55HY,
144A
2.943%
12/10/41
1,836,016
5,000
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2018-AON,
2018
AON,
144A
4.613%
7/05/31
1,096,546
10,000
MFT
Trust
2020-ABC,
2020
ABC,
144A
3.477%
2/10/42
5,313,585
700
(e)
Natixis
Commercial
Mortgage
Securities
Trust
2019-MILE,
(TSFR1M
reference
rate
+
3.579%
spread),
2019
MILE,
144A
8.905%
7/15/36
503,734
5,661
(e)
Natixis
Commercial
Mortgage
Securities
Trust
2019-MILE,
(TSFR1M
reference
rate
+
2.829%
spread),
2019
MILE,
144A
8.155%
7/15/36
4,382,808
7,420
NYC
Commercial
Mortgage
Trust
2021-909,
2021
909,
144A
3.206%
4/10/43
3,678,055
3,860
SLG
Office
Trust
2021-OVA,
2021
OVA,
144A
2.851%
7/15/41
2,943,984
80,369
SLG
Office
Trust
2021-OVA,
2021
OVA,
(I/O),
144A
0.258%
7/15/41
1,164,892
8,000
SLG
Office
Trust
2021-OVA,
2021
OVA,
144A
2.851%
7/15/41
5,864,878
3,500
SUMIT
2022-BVUE
Mortgage
Trust,
2022
BVUE,
144A
2.892%
2/12/41
2,151,518
7,000
VNDO
Trust
2016-350P,
2016
350P,
144A
3.903%
1/10/35
5,617,328
Total
Mortgage-Backed
Securities
(cost
$99,436,096)
67,253,201
Shares
Description
(a)
Coupon
Value
X
–
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
-
6.1%
(3.9%
of
Total
Investments)
X
21,143,743
Capital
Goods
-
1.5%
269,000
Triton
International
Ltd
5.750%
$
5,336,960
Total
Capital
Goods
5,336,960
Financial
Services
-
1.5%
300,000
Affiliated
Managers
Group
Inc
4.200%
5,277,000
Total
Financial
Services
5,277,000
Real
Estate
Management
&
Development
-
0.3%
77,904
Brookfield
Property
Partners
LP
5.750%
994,055
Total
Real
Estate
Management
&
Development
994,055
Utilities
-
2.8%
100,426
Brookfield
Infrastructure
Partners
LP
5.125%
1,821,728
200,000
Brookfield
Renewable
Partners
LP
5.250%
3,646,000
200,000
CMS
Energy
Corp
4.200%
4,068,000
Total
Utilities
9,535,728
Total
$25
Par
(or
similar)
Retail
Preferred
(cost
$28,938,056)
21,143,743
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(f)
Value
–
MUNICIPAL
BONDS
-
6.1%
(3.9%
of
Total
Investments)
X
20,954,798
Arizona
-
0.2%
$
810
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
KIPPC
NYC
Public
Charter
Schools
-
Gerard
Facility
Project,
Series
2021C,
3.250%,
7/01/31
No
Opt.
Call
$
707,572
Total
Arizona
707,572
District
of
Columbia
-
0.1%
254
District
of
Columbia
Water
and
Sewer
Authority,
Public
Utility
Revenue
Bonds,
Taxable
Senior
Lien
Green
Series
2014A,
4.814%,
10/01/14
No
Opt.
Call
235,852
Total
District
of
Columbia
235,852
5
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(f)
Value
Indiana
-
0.0%
$
234
(g)
Fort
Wayne,
Indiana
Economic
Development,
Solid
Waste
Facility
Revenue
Bonds,
Do
Good
Foods
LLC
Fort
Wayne,
Taxable
Series
2022A-2,
10.750%,
12/01/29
No
Opt.
Call
$
23
Total
Indiana
23
Michigan
-
1.5%
City
of
Detroit,
Michigan,
General
Obligation
Bonds,
Series
2021
:
1,000
2.960%,
4/01/27
No
Opt.
Call
926,055
500
3.110%,
4/01/28
No
Opt.
Call
455,484
2,245
3.244%,
4/01/29
No
Opt.
Call
2,006,028
425
3.344%,
4/01/30
No
Opt.
Call
371,231
1,575
Detroit,
Wayne
County,
Michigan,
General
Obligation
Bonds,
Taxable
Series
2021B,
3.644%,
4/01/34
4/31
at
100.00
1,284,066
Total
Michigan
5,042,864
Montana
-
0.3%
1,000
County
of
Gallatin,
Montana,
Series
2022,
11.500%,
9/01/27,
144A
9/25
at
103.00
1,029,683
Total
Montana
1,029,683
New
York
-
4.0%
10,185
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Taxable
Green
Climate
Certified
Series
2020C-2,
5.175%,
11/15/49
No
Opt.
Call
11,452,134
2,500
New
York
Transportation
Development
Corp,
6.971%,
6/30/51
No
Opt.
Call
2,486,670
Total
New
York
13,938,804
Total
Municipal
Bonds
(cost
$24,137,063)
20,954,798
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X
–
SOVEREIGN
DEBT
-
5.7%
(3.7%
of
Total
Investments)
X
19,670,541
Benin
-
2.5%
$
10,000
EUR
Benin
Government
International
Bond,
144A
4.950%
1/22/35
$
8,738,684
Total
Benin
8,738,684
Chile
-
1.1%
5,000
Chile
Government
International
Bond
3.100%
5/07/41
3,695,128
Total
Chile
3,695,128
Mexico
-
2.1%
5,000
EUR
Mexico
Government
International
Bond
2.250%
8/12/36
4,254,072
3,150
Mexico
Government
International
Bond
4.875%
5/19/33
2,982,657
Total
Mexico
7,236,729
Total
Sovereign
Debt
(cost
$25,518,718)
19,670,541
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X–
ASSET-BACKED
SECURITIES
-
3.4%
(2.2%
of
Total
Investments)
X
11,689,835
1,000
Frontier
Issuer
LLC,
2023
1,
144A
8.300%
8/20/53
$
1,016,107
1,000
Frontier
Issuer
LLC,
2023
1,
144A
11.500%
8/20/53
1,014,512
2,118
GoodLeap
Sustainable
Home
Solutions
Trust
2021-3,
2021
3CS,
144A
3.500%
5/20/48
1,382,481
2,281
GoodLeap
Sustainable
Home
Solutions
Trust
2021-4,
2021
4GS,
144A
3.500%
7/20/48
1,655,334
4,268
(h)
Mosaic
Solar
Loan
Trust
2019-2,
2019
2A,
144A
0.000%
9/20/40
1,311,121
4,606
(h)
Mosaic
Solar
Loan
Trust
2020-1,
2020
1A,
144A
0.000%
4/20/46
2,855,662
Nuveen
Core
Plus
Impact
Fund
(continued)
Portfolio
of
Investments
March
31,
2024
(Unaudited)
6
NPCT
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X–
ASSET-BACKED
SECURITIES
(continued)
$
2,500
Tesla
Auto
Lease
Trust
2021-B,
2021
B,
144A
1.320%
9/22/25
$
2,454,618
Total
Asset-Backed
Securities
(cost
$15,702,713)
11,689,835
Principal
Amount
(000)
Description
(a)
Coupon
(i)
Reference
Rate
(i)
Spread
(i)
Maturity
(j)
Value
X
–
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
3.1%
(2.0%
of
Total
Investments)
(i)
X
10,834,132
Commercial
&
Professional
Services
-
2.8%
$
10,365
Liberty
Tire
Recycling
Holdco,
LLC,
Term
Loan
9.941%
TSFR1M
4.500%
5/07/28
$
9,760,251
Total
Commercial
&
Professional
Services
9,760,251
Utilities
-
0.3%
1,072
ExGen
Renewables
IV,
LLC,
Term
Loan
8.105%
TSFR3M
2.500%
12/15/27
1,073,881
Total
Utilities
1,073,881
Total
Variable
Rate
Senior
Loan
Interests
(cost
$11,403,688)
10,834,132
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X
–
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
2.7%
(1.8%
of
Total
Investments)
X
9,398,013
$
4,840
United
States
Treasury
Note/Bond
4.500%
2/15/44
$
4,866,469
2,690
United
States
Treasury
Note/Bond
4.250%
2/28/29
2,693,573
1,703
United
States
Treasury
Note/Bond
4.625%
2/28/26
1,701,603
137
United
States
Treasury
Note/Bond
4.250%
3/15/27
136,368
Total
U.S.
Government
and
Agency
Obligations
(cost
$9,344,098)
9,398,013
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X
–
CONVERTIBLE
BONDS
-
0.1%
(0.0%
of
Total
Investments)
X
281,674
Utilities
-
0.1%
$
2,817
ILAP
Holdings
LTD,
144A,
(cash
5.000%,
PIK
5.000%)
5.000%
6/15/33
$
281,674
Total
Utilities
281,674
Total
Convertible
Bonds
(cost
$428,908)
281,674
Total
Long-Term
Investments
(cost
$662,301,901)
532,254,674
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
0.8% (0.5%
of
Total
Investments)
X
–
REPURCHASE
AGREEMENTS
-
0.8%
(0.5%
of
Total
Investments)
X
2,600,000
$
2,600
(k)
Fixed
Income
Clearing
Corp
(FICC)
5.280%
4/01/24
$
2,600,000
Total
Repurchase
Agreements
(cost
$2,600,000)
2,600,000
Total
Short-Term
Investments
(cost
$2,600,000)
2,600,000
Total
Investments
(cost
$
664,901,901
)
-
155.0%
534,854,674
Borrowings
-
(21.0)%
(l),(m)
(72,500,000)
Reverse
Repurchase
Agreements,
including
accrued
interest
-
(14.2)%(n)
(49,124,805)
TFP
Shares,
Net
-
(20.2)%(o)
(69,691,565)
Other
Assets
&
Liabilities,
Net
- 0.4%
1,547,203
Net
Assets
Applicable
to
Common
Shares
-
100%
$
345,085,507
7
Investments
in
Derivatives
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:
Forward
Foreign
Currency
Contracts
Currency
Purchased
Notional
Amount
(Local
Currency)
Currency
Sold
Notional
Amount
(Local
Currency)
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
U.S.
Dollar
7,556,763
Euro
6,858,671
JPMorgan
Chase
Bank,
N.A.
4/16/24
$
153,477
Cross
Currency
Swaps
-
OTC
Uncleared
Counterparty
Terms
of
payments
to
be
paid
Terms
of
payments
to
be
received
Currency
Maturity
Date
Notional
Amount
(Local
Currency)
Value
Upfront
Premiums
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Citibank
N.A.
Fixed
annual
2.250%
Fixed
semi-annual
3.562%
USD
EUR
6/23/26
2,725,875
2,250,000
$
264,189
$
25,397
$
238,792
Citibank
N.A.
Fixed
semi-annual
1.875%
Fixed
annual
3.472%
USD
EUR
7/02/31
5,904,500
5,000,000
529,311
16,052
513,259
Citibank
N.A.
Fixed
semi-annual
1.875%
Fixed
annual
3.493%
USD
EUR
7/02/31
3,543,900
3,000,000
323,579
(7,131)
330,710
Citibank
N.A.
Fixed
semi-annual
2.250%
Fixed
annual
3.775%
USD
EUR
8/12/36
5,909,000
5,000,000
575,186
12,335
562,851
JPMorgan
Chase
Bank,
N.A.
Fixed
semi-annual
1.875%
Fixed
annual
3.431%
USD
EUR
6/14/29
5,905,000
5,000,000
473,254
(3,049)
476,303
Morgan
Stanley
Capital
Services
LLC
Fixed
semi-annual
3.000%
Fixed
annual
4.330%
USD
EUR
5/27/26
6,088,500
5,000,000
617,258
4,250
613,008
Morgan
Stanley
Capital
Services
LLC
Fixed
semi-annual
1.841%
Fixed
annual
3.337%
USD
EUR
9/21/28
6,376,320
5,400,000
592,804
(4)
592,808
Total
$
3,375,581
$
47,850
$
3,327,731
Nuveen
Core
Plus
Impact
Fund
(continued)
Portfolio
of
Investments
March
31,
2024
(Unaudited)
8
NPCT
The
following
is
a
reconciliation
of
the
Fund’s
Level
3
investments
held
at
the
beginning
and
end
of
the
measurement
period:
The
valuation
techniques
and
significant
unobservable
inputs
used
in
recurring
Level
3
fair
value
measurements
of
assets
as
of
the
end
of
the
reporting
period,
were
as
follows:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
–
$
296,760,661
$
–
$
296,760,661
$1,000
Par
(or
similar)
Institutional
Preferred
–
74,268,076
–
74,268,076
Mortgage-Backed
Securities
–
67,253,201
–
67,253,201
$25
Par
(or
similar)
Retail
Preferred
21,143,743
–
–
21,143,743
Municipal
Bonds
–
20,954,798
–
20,954,798
Sovereign
Debt
–
19,670,541
–
19,670,541
Asset-Backed
Securities
–
7,523,052
4,166,783
11,689,835
Variable
Rate
Senior
Loan
Interests
–
10,834,132
–
10,834,132
U.S.
Government
and
Agency
Obligations
–
9,398,013
–
9,398,013
Convertible
Bonds
–
281,674
–
281,674
Short-Term
Investments:
Repurchase
Agreements
–
2,600,000
–
2,600,000
Investments
in
Derivatives:
Forward
Foreign
Currency
Contracts*
–
153,477
–
153,477
Cross
Currency
Swaps*
–
3,327,731
–
3,327,731
Total
$
21,143,743
$
513,025,356
$
4,166,783
$
538,335,882
*
Represents
net
unrealized
appreciation
(depreciation).
Level
3
NPCT
Asset-Backed
Securities
Balance
at
the
beginning
of
period
$
4,421,470
Gains
(losses):
-
Net
realized
gains
(losses)
38,196
Change
in
net
unrealized
appreciation
(depreciation)
(10,780)
Purchases
at
cost
-
Sales
at
proceeds
(289,193)
Net
discounts
(premiums)
7,090
Transfers
into
-
Transfers
(out
of)
-
Balance
at
the
end
of
period
$
4,166,783
Change
in
net
unrealized
appreciation
(depreciation)
during
the
period
of
Level
3
securities
held
as
of
period
end
$
(10,780)
Fund
Asset
Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
NPCT
Asset-Backed
Securities
$4,166,783
Indicative
Quote
Broker
Quote
$30.72-$62.00
$52.157
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
applicable
to
common
shares
unless
otherwise
noted.
(b)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
reverse
repurchase
agreements.
As
of
the
end
of
the
reporting
period,
investments
with
a
value
of
$68,535,224
have
been
pledged
as
collateral
for
reverse
repurchase
agreements.
(c)
All
or
a
portion
of
this
security
is
owned
by
Nuveen
Core
Plus
Impact
Fund
Ltd.
which
is
a
100%
owned
subsidiary
of
the
fund.
(d)
Perpetual
security.
Maturity
date
is
not
applicable.
(e)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(f)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
9
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted.
(g)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(h)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(i)
Senior
loans
generally
pay
interest
at
rates
which
are
periodically
adjusted
by
reference
to
a
base
short-term,
floating
lending
rate
(Reference
Rate)
plus
an
assigned
fixed
rate
(Spread).
These
floating
lending
rates
are
generally
(i)
the
lending
rate
referenced
by
the
London
Inter-Bank
Offered
Rate
("LIBOR"),
or
(ii)
the
prime
rate
offered
by
one
or
more
major
United
States
banks.
Senior
loans
may
be
considered
restricted
in
that
the
Fund
ordinarily
is
contractually
obligated
to
receive
approval
from
the
agent
bank
and/or
borrower
prior
to
the
disposition
of
a
senior
loan.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(j)
Senior
loans
generally
are
subject
to
mandatory
and/or
optional
prepayment.
Because
of
these
mandatory
prepayment
conditions
and
because
there
may
be
significant
economic
incentives
for
a
borrower
to
prepay,
prepayments
of
senior
loans
may
occur.
As
a
result,
the
actual
remaining
maturity
of
senior
loans
held
may
be
substantially
less
than
the
stated
maturities
shown.
(k)
Agreement
with
Fixed
Income
Clearing
Corporation,
5.280%
dated
3/28/24
to
be
repurchased
at
$2,601,525
on
4/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.000%
and
maturity
date
11/15/41,
valued
at
$2,652,031.
(l)
Borrowings
as
a
percentage
of
Total
Investments
is
13.6%.
(m)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investment
(excluding
any
investments
pledged
as
collateral
to
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
(n)
Reverse
Repurchase
Agreements,
including
accrued
interest
as
a
percentage
of
Total
investments
is
9.2%.
(o)
TFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
13.0%.
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.
EUR
Euro
I/O
Interest
only
security
PIK
Payment-in-kind
(“PIK”)
security. Depending
on
the
terms
of
the
security,
income
may
be
received
in
the
form
of
cash,
securities,
or
a
combination
of
both. The
PIK
rate
shown,
where
applicable,
represents
the
annualized
rate
of
the
last
PIK
payment
made
by
the
issuer
as
of
the
end
of
the
reporting
period.
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.
REIT
Real
Estate
Investment
Trust
TSFR
1M
CME
Term
SOFR
1
Month
TSFR
3M
CME
Term
SOFR
3
Month