Nuveen Global Infrastructure Fund
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
LONG-TERM INVESTMENTS – 98.7% | ||||||||
COMMON STOCKS – 87.7% | ||||||||
Commercial Services & Supplies – 3.6% | ||||||||
56,740 | Biffa PLC, 144A, (2) | $275,226 | ||||||
2,042,958 | Cleanaway Waste Management Ltd, (3) | 4,009,358 | ||||||
35,781 | Republic Services Inc | 4,295,867 | ||||||
78,810 | Waste Connections Inc | 9,924,543 | ||||||
32,462 | Waste Management Inc | 4,848,524 | ||||||
Total Commercial Services & Supplies | 23,353,518 | |||||||
Construction & Engineering – 5.4% | ||||||||
5,802 | Ameresco Inc, (2) | 339,011 | ||||||
30,785 | Eiffage SA, (3) | 3,111,343 | ||||||
366,645 | Ferrovial SA, (3) | 10,701,878 | ||||||
201,474 | Vinci SA, (3) | 20,955,068 | ||||||
Total Construction & Engineering | 35,107,300 | |||||||
Diversified Telecommunication Services – 2.5% | ||||||||
93,502 | Cellnex Telecom SA, 144A | 5,772,818 | ||||||
1,096,452 | HKBN Ltd, (3) | 1,294,080 | ||||||
644,432 | Infrastrutture Wireless Italiane SpA, 144A, (3) | 7,177,702 | ||||||
2,160,454 | NetLink NBN Trust, (3) | 1,582,218 | ||||||
Total Diversified Telecommunication Services | 15,826,818 | |||||||
Electric Utilities – 17.5% | ||||||||
325,221 | Alupar Investimento SA | 1,451,797 | ||||||
1,384,384 | AusNet Services Ltd, (3) | 2,505,818 | ||||||
320,441 | CK Infrastructure Holdings Ltd, (3) | 1,787,302 | ||||||
104,793 | Duke Energy Corp | 10,226,749 | ||||||
400,832 | EDP - Energias de Portugal SA | 2,105,617 | ||||||
38,044 | Electricite de France SA, (3) | 478,066 | ||||||
7,401 | Elia Group SA/NV, (3) | 884,421 | ||||||
1,259,279 | Enel SpA, (3) | 9,665,240 | ||||||
42,086 | Entergy Corp | 4,179,561 | ||||||
38,765 | Evergy Inc | 2,411,183 | ||||||
24,863 | Eversource Energy | 2,032,799 | ||||||
14,135 | Fortis Inc/Canada | 627,069 | ||||||
552,109 | Iberdrola SA, (3) | 5,554,453 | ||||||
379,179 | NextEra Energy Inc | 29,773,135 | ||||||
36,230 | Orsted AS, 144A, (3) | 4,775,641 |
1
Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
Electric Utilities (continued) | ||||||||
619,184 | Power Grid Corp of India Ltd, (3) | $1,575,869 | ||||||
191,882 | Southern Co | 11,890,928 | ||||||
328,117 | Spark Infrastructure Group, (3) | 662,750 | ||||||
64,709 | SSE PLC, (3) | 1,362,456 | ||||||
722,497 | Terna - Rete Elettrica Nazionale, (3) | 5,127,418 | ||||||
223,014 | Xcel Energy Inc | 13,938,375 | ||||||
Total Electric Utilities | 113,016,647 | |||||||
Gas Utilities – 0.4% | ||||||||
144,706 | AltaGas Ltd | 2,855,047 | ||||||
Independent Power & Renewable Electricity Producers – 1.0% | ||||||||
43,395 | Brookfield Renewable Corp | 1,684,160 | ||||||
20,439 | Clearway Energy Inc | 618,689 | ||||||
11,517 | Corp ACCIONA Energias Renovables SA, (2) | 377,942 | ||||||
35,144 | Drax Group PLC | 228,147 | ||||||
34,780 | NextEra Energy Partners LP | 2,621,021 | ||||||
155,225 | Omega Geracao SA, (2) | 914,404 | ||||||
Total Independent Power & Renewable Electricity Producers | 6,444,363 | |||||||
IT Services – 0.1% | ||||||||
102,272 | NEXTDC Ltd, (2), (3) | 871,198 | ||||||
Machinery – 0.5% | ||||||||
76,180 | Evoqua Water Technologies Corp, (2) | 2,861,321 | ||||||
Multi-Utilities – 7.9% | ||||||||
31,574 | Ameren Corp | 2,557,494 | ||||||
126,734 | CenterPoint Energy Inc | 3,117,656 | ||||||
83,799 | Dominion Energy Inc | 6,119,003 | ||||||
93,357 | DTE Energy Co | 10,428,911 | ||||||
415,951 | Engie SA, (3) | 5,441,967 | ||||||
136,201 | EON SE, (3) | 1,662,428 | ||||||
29,257 | National Grid PLC, ADR | 1,744,595 | ||||||
26,949 | NiSource Inc | 652,974 | ||||||
140,556 | RWE AG, (3) | 4,957,181 | ||||||
1,554,816 | Sembcorp Industries Ltd, (3) | 2,080,864 | ||||||
32,052 | Unitil Corp | 1,371,185 | ||||||
76,677 | Veolia Environnement SA, (3) | 2,342,926 | ||||||
97,756 | WEC Energy Group Inc | 8,622,079 | ||||||
Total Multi-Utilities | 51,099,263 | |||||||
Oil, Gas & Consumable Fuels – 17.6% | ||||||||
166,916 | Cheniere Energy Inc, (2) | 16,302,686 |
2
Shares | Description (1) | Value | ||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
88,810 | DT Midstream Inc | $4,106,574 | ||||||
632,694 | Enbridge Inc | 25,181,221 | ||||||
184,866 | Enterprise Products Partners LP | 4,000,500 | ||||||
134,130 | Gibson Energy Inc | 2,463,180 | ||||||
407,635 | Kinder Morgan Inc | 6,819,734 | ||||||
9,219 | Koninklijke Vopak NV, (3) | 363,251 | ||||||
38,788 | ONEOK Inc | 2,249,316 | ||||||
188,909 | Pembina Pipeline Corp | 5,988,233 | ||||||
228,743 | Plains GP Holdings LP | 2,464,706 | ||||||
69,331 | Targa Resources Corp | 3,411,779 | ||||||
468,250 | TC Energy Corp | 22,536,333 | ||||||
673,638 | Williams Cos Inc | 17,474,170 | ||||||
Total Oil, Gas & Consumable Fuels | 113,361,683 | |||||||
Road & Rail – 4.4% | ||||||||
8,621 | Canadian National Railway Co | 997,019 | ||||||
301,699 | CSX Corp | 8,972,528 | ||||||
55,517 | East Japan Railway Co, (3) | 3,923,560 | ||||||
10,165 | Norfolk Southern Corp | 2,431,976 | ||||||
43,558 | Union Pacific Corp | 8,537,804 | ||||||
64,641 | West Japan Railway Co, (3) | 3,249,312 | ||||||
Total Road & Rail | 28,112,199 | |||||||
Transportation Infrastructure – 24.3% | ||||||||
110,939 | Aena SME SA, 144A, (2) | 19,185,973 | ||||||
41,091 | Aeroports de Paris, (2), (3) | 5,233,384 | ||||||
657,575 | Atlantia SpA, (2), (3) | 12,409,544 | ||||||
1,741,439 | Atlas Arteria Ltd, (3) | 8,029,732 | ||||||
1,810,530 | Auckland International Airport Ltd, (2), (3) | 9,732,249 | ||||||
1,532,551 | China Merchants Port Holdings Co Ltd, (3) | 2,620,684 | ||||||
1,228,062 | COSCO SHIPPING Ports Ltd, (3) | 1,060,646 | ||||||
350,300 | Enav SpA, 144A, (2), (3) | 1,635,543 | ||||||
33,447 | Flughafen Wien AG, (2), (3) | 1,155,122 | ||||||
48,901 | Flughafen Zurich AG, (2), (3) | 8,712,388 | ||||||
28,161 | Fraport AG Frankfurt Airport Services Worldwide, (2), (3) | 1,949,722 | ||||||
667,755 | Getlink SE, (3) | 10,431,425 | ||||||
109,752 | Grupo Aeroportuario del Centro Norte SAB de CV, ADR, (2) | 5,141,881 | ||||||
64,801 | Grupo Aeroportuario del Pacifico SAB de CV, ADR | 7,537,652 | ||||||
18,830 | Grupo Aeroportuario del Sureste SAB de CV, ADR | 3,521,210 | ||||||
230,383 | International Container Terminal Services Inc | 880,703 | ||||||
67,734 | Japan Airport Terminal Co Ltd, (2), (3) | 3,324,006 | ||||||
238,408 | Kamigumi Co Ltd, (3) | 4,996,451 |
3
Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
Transportation Infrastructure (continued) | ||||||||
65,320 | Macquarie Infrastructure Holdings LLC | $2,649,379 | ||||||
622,802 | Port of Tauranga Ltd, (3) | 3,049,088 | ||||||
439,829 | Promotora y Operadora de Infraestructura SAB de CV | 3,039,799 | ||||||
954,544 | Qube Holdings Ltd, (3) | 2,233,730 | ||||||
2,650,672 | Sydney Airport, (2), (3) | 15,566,947 | ||||||
2,009,043 | Transurban Group, (3) | 20,248,078 | ||||||
223,298 | Transurban Group, (2) | 2,285,895 | ||||||
19,140 | Westshore Terminals Investment Corp | 369,472 | ||||||
Total Transportation Infrastructure | 157,000,703 | |||||||
Water Utilities – 2.5% | ||||||||
22,727 | American Water Works Co Inc | 3,841,772 | ||||||
1,013,561 | Guangdong Investment Ltd, (3) | 1,322,621 | ||||||
169,687 | Severn Trent PLC, (3) | 5,940,591 | ||||||
396,957 | United Utilities Group PLC, (3) | 5,166,531 | ||||||
Total Water Utilities | 16,271,515 | |||||||
Total Common Stocks (cost $469,499,676) | 566,181,575 |
Shares | Description (1) | Value | ||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 10.5% | ||||||
Health Care – 0.1% | ||||||
250,570 | Parkway Life Real Estate Investment Trust | $858,117 | ||||
Specialized – 10.4% | ||||||
125,529 | American Tower Corp | 33,316,652 | ||||
77,623 | Crown Castle International Corp | 13,453,618 | ||||
60,181 | Digital Realty Trust Inc | 8,693,146 | ||||
201 | Equinix Inc | 158,816 | ||||
34,283 | SBA Communications Corp | 11,332,931 | ||||
Total Specialized | 66,955,163 | |||||
Total Real Estate Investment Trust Common Stocks (cost $61,102,945) | 67,813,280 |
Shares | Description (1) | Value | ||||||
INVESTMENT COMPANIES – 0.5% | ||||||||
520,705 | 3i Infrastructure PLC | $2,130,366 | ||||||
711,781 | Cordiant Digital Infrastructure Ltd/Fund, (2) | 1,050,164 | ||||||
Total Investment Companies (cost $2,889,331) | 3,180,530 |
Shares | Description (1) | Value | ||||||
COMMON STOCK RIGHTS – 0.0% |
4
Shares | Description (1) | Value | ||||||
Multi-Utilities – 0.0% | ||||||||
56 | Veolia Environnement SA, (3) | $46,567 | ||||||
Total Common Stock Rights (cost $-) | 46,567 | |||||||
Total Long-Term Investments (cost $533,491,952) | 637,221,952 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||
SHORT-TERM INVESTMENTS – 0.5% | ||||||||
REPURCHASE AGREEMENTS – 0.5% | ||||||||
$3,492 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/21, repurchase price $3,491,603, collateralized by $3,633,000, U.S. Treasury Bonds, 1.875%, due 2/15/41, value $3,561,476 | 0.000% | 4/01/21 | $3,491,603 | ||||
Total Short-Term Investments (cost $3,491,603) | 3,491,603 | |||||||
Total Investments (cost $536,983,555) – 99.2% | 640,713,555 | |||||||
Other Assets Less Liabilities – 0.8% | 4,892,931 | |||||||
Net Assets – 100% | $645,606,486 |
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).
5
Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
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: | ||||
Common Stocks | $333,259,325 | $232,922,250 | $ — | $566,181,575 |
Real Estate Investment Trust Common Stocks | 67,813,280 | — | — | 67,813,280 |
Investment Companies | 3,180,530 | — | — | 3,180,530 |
Common Stock Rights | — | 46,567 | — | 46,567 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 3,491,603 | — | 3,491,603 |
Total | $404,253,135 | $236,460,420 | $ — | $640,713,555 |
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. | |
(3) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
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 |
6
Nuveen Real Asset Income Fund
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
LONG-TERM INVESTMENTS – 96.1% | ||||||||
COMMON STOCKS – 26.4% | ||||||||
Air Freight & Logistics – 0.6% | ||||||||
70,430 | Oesterreichische Post AG | $2,985,922 | ||||||
1,206,820 | PostNL NV, (2) | 5,822,960 | ||||||
Total Air Freight & Logistics | 8,808,882 | |||||||
Diversified Financial Services – 0.2% | ||||||||
1,876,975 | Sdcl Energy Efficiency Income Trust PLC | 2,857,811 | ||||||
Diversified Telecommunication Services – 1.2% | ||||||||
4,613,353 | HKBN Ltd, (2) | 5,444,876 | ||||||
974,914 | HKT Trust & HKT Ltd | 1,333,012 | ||||||
15,538,633 | NetLink NBN Trust, (2) | 11,379,789 | ||||||
Total Diversified Telecommunication Services | 18,157,677 | |||||||
Electric Utilities – 5.3% | ||||||||
5,127,291 | AusNet Services Ltd, (2) | 9,280,705 | ||||||
431,500 | Cia de Transmissao de Energia Eletrica Paulista | 1,927,022 | ||||||
404,383 | CK Infrastructure Holdings Ltd, (2) | 2,255,500 | ||||||
141,363 | Emera Inc | 6,401,849 | ||||||
301,871 | Endesa SA, (2) | 6,087,983 | ||||||
258,860 | Enel Chile SA, ADR | 623,852 | ||||||
1,304,728 | Enel SpA, (2) | 10,014,071 | ||||||
352,854 | OGE Energy Corp | 11,630,068 | ||||||
59,033 | PPL Corp | 1,645,840 | ||||||
169,777 | Red Electrica Corp SA, (2) | 3,406,111 | ||||||
16 | Southern Co | 991 | ||||||
3,569,982 | Spark Infrastructure Group, (2) | 7,210,857 | ||||||
820,115 | SSE PLC, (2) | 17,267,627 | ||||||
356,617 | Transmissora Alianca de Energia Eletrica SA | 2,346,996 | ||||||
Total Electric Utilities | 80,099,472 | |||||||
Equity Real Estate Investment Trust – 1.2% | ||||||||
5,082,292 | Cromwell Property Group, (2) | 2,906,369 | ||||||
11 | Frontier Real Estate Investment Corp, (2) | 48,209 | ||||||
20,847 | Gecina SA, (2) | 2,804,677 | ||||||
17,757 | Iron Mountain Inc | 771,542 | ||||||
74,935 | Klepierre SA, (2) | 1,675,808 | ||||||
130,427 | Link REIT, (2) | 1,116,891 | ||||||
255,242 | Nexus Real Estate Investment Trust | 2,573,378 |
7
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
Equity Real Estate Investment Trust (continued) | ||||||||
2,126,995 | Target Healthcare REIT PLC | $3,290,069 | ||||||
16,553 | Universal Health Realty Income Trust | 914,884 | ||||||
1,995,394 | Vicinity Centres, (2) | 2,359,020 | ||||||
Total Equity Real Estate Investment Trust | 18,460,847 | |||||||
Gas Utilities – 2.4% | ||||||||
294,016 | AltaGas Ltd | 5,800,932 | ||||||
206,879 | APA Group, (2) | 1,288,607 | ||||||
471,797 | Enagas SA, (2) | 10,485,278 | ||||||
600,071 | Italgas SpA, (2) | 3,836,986 | ||||||
139,812 | Naturgy Energy Group SA, (2) | 3,519,198 | ||||||
2,046,128 | Snam SpA, (2) | 11,318,945 | ||||||
Total Gas Utilities | 36,249,946 | |||||||
Health Care Providers & Services – 0.3% | ||||||||
206,983 | Chartwell Retirement Residences | 1,970,800 | ||||||
246,995 | Sienna Senior Living Inc | 2,804,191 | ||||||
Total Health Care Providers & Services | 4,774,991 | |||||||
Household Durables – 0.1% | ||||||||
37,637 | Persimmon PLC, (2) | 1,346,085 | ||||||
Independent Power & Renewable Electricity Producers – 1.1% | ||||||||
64,391 | Atlantica Sustainable Infrastructure PLC | 2,222,133 | ||||||
1,634 | Canadian Solar Infrastructure Fund Inc, (2) | 1,841,246 | ||||||
157,130 | Clearway Energy Inc | 4,431,066 | ||||||
80,646 | Drax Group PLC | 523,536 | ||||||
504,909 | TransAlta Renewables Inc | 7,570,047 | ||||||
Total Independent Power & Renewable Electricity Producers | 16,588,028 | |||||||
Industrial Conglomerates – 0.1% | ||||||||
986,437 | NWS Holdings Ltd, (2) | 908,020 | ||||||
Media – 0.0% | ||||||||
47,346 | Eutelsat Communications SA, (2) | 651,059 | ||||||
Multi-Utilities – 1.6% | ||||||||
7,769 | ACEA SpA | 165,946 | ||||||
264,733 | Canadian Utilities Ltd | 7,133,536 | ||||||
38,032 | Engie SA, (2) | 497,580 | ||||||
176,865 | National Grid PLC, ADR | 10,546,460 | ||||||
1,231,688 | REN - Redes Energeticas Nacionais SGPS SA, (2) | 3,640,282 | ||||||
553,354 | Vector Ltd, (2) | 1,531,259 | ||||||
Total Multi-Utilities | 23,515,063 |
8
Shares | Description (1) | Value | ||||||
Oil, Gas & Consumable Fuels – 7.6% | ||||||||
166,739 | DT Midstream Inc | $7,710,011 | ||||||
446,568 | Enbridge Inc | 17,773,406 | ||||||
497,081 | Enterprise Products Partners LP | 10,756,833 | ||||||
329,790 | Gibson Energy Inc | 6,056,305 | ||||||
590,856 | Kinder Morgan Inc | 9,885,021 | ||||||
55,070 | Magellan Midstream Partners LP | 2,510,091 | ||||||
55,791 | ONEOK Inc | 3,235,320 | ||||||
373,252 | Pembina Pipeline Corp | 11,831,729 | ||||||
409,128 | Plains GP Holdings LP | 4,408,354 | ||||||
213,495 | TC Energy Corp | 10,275,269 | ||||||
1,116,134 | Williams Cos Inc | 28,952,516 | ||||||
254,015 | Z Energy Ltd, (2) | 598,984 | ||||||
Total Oil, Gas & Consumable Fuels | 113,993,839 | |||||||
Real Estate Management & Development – 2.4% | ||||||||
515,763 | Amot Investments Ltd, (2) | 3,644,601 | ||||||
343,142 | Cibus Nordic Real Estate AB | 8,113,679 | ||||||
120,374 | Citycon Oyj, (2) | 964,641 | ||||||
2,175,515 | Corp Inmobiliaria Vesta SAB de CV | 3,800,551 | ||||||
207,331 | DIC Asset AG | 3,664,870 | ||||||
95,135 | Dios Fastigheter AB | 928,051 | ||||||
251,141 | Hysan Development Co Ltd | 817,818 | ||||||
95,974 | Kennedy-Wilson Holdings Inc | 2,007,776 | ||||||
161,823 | Kerry Properties Ltd, (2) | 425,668 | ||||||
397,721 | Land & Houses PCL, (2) | 92,953 | ||||||
1,314,403 | New World Development Co Ltd, (2) | 5,346,011 | ||||||
5,283,441 | Sino Land Co Ltd, (2) | 7,107,817 | ||||||
Total Real Estate Management & Development | 36,914,436 | |||||||
Road & Rail – 0.3% | ||||||||
1,652,672 | Aurizon Holdings Ltd, (2) | 4,474,508 | ||||||
Thrifts & Mortgage Finance – 0.0% | ||||||||
138,414 | Real Estate Credit Investments Ltd/Fund, (3) | 290,006 | ||||||
Trading Companies & Distributors – 0.1% | ||||||||
48,141 | Fortress Transportation and Infrastructure Investors LLC | 1,221,819 | ||||||
Transportation Infrastructure – 1.0% | ||||||||
820,081 | Atlas Arteria Ltd, (2) | 3,781,373 | ||||||
1,515,452 | China Merchants Port Holdings Co Ltd, (2) | 2,591,445 | ||||||
2,528,973 | COSCO SHIPPING Ports Ltd, (2) | 2,184,210 | ||||||
70,844 | Dalrymple Bay Infrastructure Ltd | 115,237 |
9
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
Transportation Infrastructure (continued) | ||||||||
980,765 | Jiangsu Expressway Co Ltd, (2) | $991,014 | ||||||
140,902 | Macquarie Infrastructure Holdings LLC | 5,714,985 | ||||||
Total Transportation Infrastructure | 15,378,264 | |||||||
Water Utilities – 0.9% | ||||||||
3,427,902 | Guangdong Investment Ltd, (2) | 4,473,155 | ||||||
735,896 | Inversiones Aguas Metropolitanas SA | 381,199 | ||||||
670,918 | United Utilities Group PLC, (2) | 8,732,227 | ||||||
Total Water Utilities | 13,586,581 | |||||||
Total Common Stocks (cost $357,719,446) | 398,277,334 |
Shares | Description (1) | Value | ||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 23.9% | ||||||
Diversified – 4.1% | ||||||
988,189 | Abacus Property Group, (2) | $2,503,955 | ||||
59,634 | Alpine Income Property Trust Inc | 1,095,476 | ||||
687,215 | Charter Hall Long Wale REIT, (2) | 2,429,006 | ||||
26,154 | Cofinimmo SA, (2) | 3,966,013 | ||||
2,316,086 | GPT Group, (2) | 8,342,311 | ||||
969,571 | Growthpoint Properties Australia Ltd, (2) | 2,839,626 | ||||
2,650,439 | Home Reit PLC | 3,874,754 | ||||
53,283 | ICADE, (2) | 4,160,728 | ||||
346,415 | Land Securities Group PLC, (2) | 3,228,700 | ||||
1,683,867 | LXI REIT Plc, (2) | 3,118,976 | ||||
2,139,362 | Mapletree North Asia Commercial Trust | 1,520,463 | ||||
10,272 | Star Asia Investment Corp, (2) | 5,278,861 | ||||
2,367,435 | Stockland, (2) | 7,507,535 | ||||
450,686 | Stride Property Group | 759,160 | ||||
147,973 | WP Carey Inc | 10,807,948 | ||||
Total Diversified | 61,433,512 | |||||
Health Care – 2.7% | ||||||
41,765 | CareTrust REIT Inc | 848,665 | ||||
111,536 | Global Medical REIT Inc | 1,639,579 | ||||
25,921 | Healthcare Trust of America Inc | 768,817 | ||||
4,750 | LTC Properties Inc | 150,527 | ||||
316,487 | Medical Properties Trust Inc | 6,351,894 | ||||
590,707 | NorthWest Healthcare Properties Real Estate Investment Trust | 6,020,865 | ||||
290,648 | Omega Healthcare Investors Inc | 8,707,814 | ||||
745,577 | Physicians Realty Trust | 13,137,067 |
10
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
224,312 | Sabra Health Care REIT Inc | $3,301,873 | ||||
Total Health Care | 40,927,101 | |||||
Industrial – 2.7% | ||||||
485,851 | APN Industria REIT, (2) | 1,203,728 | ||||
1,759,667 | Ascendas Real Estate Investment Trust, (2) | 3,878,608 | ||||
1,438,146 | Centuria Industrial REIT, (2) | 3,823,802 | ||||
388,340 | Dream Industrial Real Estate Investment Trust | 4,966,926 | ||||
2,170,747 | ESR-REIT | 743,406 | ||||
6,512,633 | Frasers Logistics & Commercial Trust, (2) | 7,265,600 | ||||
213,269 | Industrial Logistics Properties Trust | 5,419,165 | ||||
2,564,175 | Mapletree Industrial Trust, (2) | 5,240,014 | ||||
1,847,282 | PLA Administradora Industrial S de RL de CV | 2,699,127 | ||||
2,111,217 | Urban Logistics REIT PLC | 4,892,805 | ||||
587,958 | Warehouse Reit PLC | 1,166,140 | ||||
Total Industrial | 41,299,321 | |||||
Mortgage – 1.3% | ||||||
11,358 | Ares Commercial Real Estate Corp | 171,279 | ||||
314,523 | Blackstone Mortgage Trust Inc | 9,536,337 | ||||
245,332 | KKR Real Estate Finance Trust Inc | 5,176,505 | ||||
82,009 | Nexpoint Real Estate Finance Inc | 1,597,535 | ||||
102,004 | Starwood Property Trust Inc | 2,489,918 | ||||
44,158 | TPG RE Finance Trust Inc | 546,676 | ||||
Total Mortgage | 19,518,250 | |||||
Office – 5.0% | ||||||
549,278 | Brandywine Realty Trust | 7,371,311 | ||||
1,284,004 | Centuria Office REIT, (2) | 2,310,718 | ||||
61,834 | Covivio, (2) | 5,196,349 | ||||
778,581 | Dexus, (2) | 5,992,417 | ||||
80,598 | Dream Office Real Estate Investment Trust | 1,463,567 | ||||
438,842 | Easterly Government Properties Inc | 9,066,476 | ||||
151,705 | Franklin Street Properties Corp | 703,911 | ||||
2,322,178 | GDI Property Group, (2) | 1,928,730 | ||||
57,401 | Highwoods Properties Inc | 2,517,608 | ||||
2,028 | Ichigo Office REIT Investment Corp, (2) | 1,636,457 | ||||
156,338 | Intervest Offices & Warehouses NV | 4,282,876 | ||||
115,394 | NSI NV | 4,277,332 | ||||
302,926 | Piedmont Office Realty Trust Inc | 5,280,000 | ||||
145,317 | Postal Realty Trust Inc | 2,708,709 | ||||
1,240,995 | Precinct Properties New Zealand Ltd, (2) | 1,437,062 |
11
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
Office (continued) | ||||||
104,970 | SL Green Realty Corp | $7,436,075 | ||||
697,319 | True North Commercial Real Estate Investment Trust | 3,985,938 | ||||
184,722 | Vornado Realty Trust | 7,760,171 | ||||
Total Office | 75,355,707 | |||||
Retail – 5.2% | ||||||
5,351 | Altarea SCA | 1,159,088 | ||||
186,536 | APN Convenience Retail REIT, (2) | 473,917 | ||||
1,815,926 | CapitaLand China Trust, (2) | 1,652,349 | ||||
490,332 | Choice Properties Real Estate Investment Trust | 5,516,525 | ||||
342,952 | Crombie Real Estate Investment Trust | 4,705,910 | ||||
103,211 | CT Real Estate Investment Trust | 1,387,718 | ||||
4,604,929 | Fortune Real Estate Investment Trust | 4,578,517 | ||||
2,443,738 | Frasers Centrepoint Trust, (2) | 4,067,082 | ||||
1,989 | Kenedix Retail REIT Corp, (2) | 5,157,881 | ||||
252,590 | National Retail Properties Inc | 10,909,362 | ||||
530,575 | RioCan Real Estate Investment Trust | 9,064,932 | ||||
35,453 | Saul Centers Inc | 1,562,059 | ||||
580,529 | Shopping Centres Australasia Property Group, (2) | 1,111,982 | ||||
108,596 | Simon Property Group Inc | 14,114,222 | ||||
201,366 | Spirit Realty Capital Inc | 9,270,891 | ||||
88,079 | Urstadt Biddle Properties Inc | 1,667,335 | ||||
1,229,432 | Waypoint REIT, (2) | 2,411,544 | ||||
Total Retail | 78,811,314 | |||||
Specialized – 2.9% | ||||||
243,582 | Automotive Properties Real Estate Investment Trust | 2,448,128 | ||||
361,630 | CatchMark Timber Trust Inc | 4,292,548 | ||||
424,607 | Charter Hall Social Infrastructure REIT, (2) | 1,088,841 | ||||
232,615 | Four Corners Property Trust Inc | 6,248,039 | ||||
193,327 | Gaming and Leisure Properties Inc | 8,954,907 | ||||
377,119 | MGM Growth Properties LLC | 14,443,658 | ||||
234,751 | VICI Properties Inc | 6,669,276 | ||||
Total Specialized | 44,145,397 | |||||
Total Real Estate Investment Trust Common Stocks (cost $323,207,164) | 361,490,602 |
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
CORPORATE BONDS – 14.9% | ||||||||
Air Freight & Logistics – 0.1% | ||||||||
$2,300 | Cargo Aircraft Management Inc, 144A | 4.750% | 2/01/28 | BB | $2,378,200 |
12
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Auto Components – 0.1% | ||||||||
$1,450 | NESCO Holdings II Inc, 144A | 5.500% | 4/15/29 | B | $1,503,940 | |||
Chemicals – 0.0% | ||||||||
500 | Calumet Specialty Products Partners LP / Calumet Finance Corp, 144A | 11.000% | 4/15/25 | B- | 541,250 | |||
Commercial Services & Supplies – 0.2% | ||||||||
1,300 | GFL Environmental Inc, 144A | 3.500% | 9/01/28 | BB- | 1,308,125 | |||
1,085 | GFL Environmental Inc, 144A | 4.750% | 6/15/29 | B- | 1,114,837 | |||
550 | Stericycle Inc, 144A | 3.875% | 1/15/29 | BB | 553,361 | |||
Total Commercial Services & Supplies | 2,976,323 | |||||||
Communications Equipment – 0.3% | ||||||||
650 | Liquid Telecommunications Financing Plc, 144A | 5.500% | 9/04/26 | B1 | 671,691 | |||
3,325 | Viasat Inc, 144A | 6.500% | 7/15/28 | BB- | 3,501,956 | |||
Total Communications Equipment | 4,173,647 | |||||||
Construction & Engineering – 0.3% | ||||||||
1,800 | GMR Hyderabad International Airport Ltd, 144A, (3) | 5.375% | 4/10/24 | BB+ | 1,840,961 | |||
1,500 | IHS Netherlands Holdco BV, 144A | 8.000% | 9/18/27 | BB- | 1,601,250 | |||
791 | International Airport Finance SA, 144A | 12.000% | 3/15/33 | B- | 855,959 | |||
Total Construction & Engineering | 4,298,170 | |||||||
Diversified Financial Services – 0.5% | ||||||||
1,010 | Cometa Energia SA de CV, 144A | 6.375% | 4/24/35 | Baa3 | 1,184,190 | |||
975 | Genesis Energy LP / Genesis Energy Finance Corp | 7.750% | 2/01/28 | B1 | 974,084 | |||
1,815 | Minejesa Capital BV, 144A | 5.625% | 8/10/37 | Baa3 | 1,917,547 | |||
16,426 BRL | Swiss Insured Brazil Power Finance Sarl, 144A | 9.850% | 7/16/32 | AAA | 2,940,884 | |||
Total Diversified Financial Services | 7,016,705 | |||||||
Diversified Telecommunication Services – 1.0% | ||||||||
1,325 | Altice France SA/France, 144A | 5.500% | 1/15/28 | B | 1,347,161 | |||
1,925 | Altice France SA/France, 144A | 5.125% | 7/15/29 | B | 1,887,414 | |||
3,280 | Cellnex Finance Co SA, 144A | 3.875% | 7/07/41 | BBB- | 3,221,649 | |||
1,670 | Level 3 Financing Inc, 144A | 4.625% | 9/15/27 | BB | 1,718,096 | |||
2,750 | Level 3 Financing Inc, 144A | 4.250% | 7/01/28 | BB | 2,771,257 | |||
1,155 | Switch Ltd, 144A | 4.125% | 6/15/29 | BB | 1,185,319 | |||
2,495 | Vmed O2 UK Financing I PLC, 144A | 4.750% | 7/15/31 | BB+ | 2,549,092 | |||
750 | Zayo Group Holdings Inc, 144A | 4.000% | 3/01/27 | B1 | 746,422 | |||
Total Diversified Telecommunication Services | 15,426,410 | |||||||
Electric Utilities – 1.6% | ||||||||
1,808 | Acwa Power Management And Investments One Ltd, 144A | 5.950% | 12/15/39 | Baa3 | 2,169,676 |
13
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Electric Utilities (continued) | ||||||||
$1,925 | Adani Green Energy UP Ltd / Prayatna Developers Pvt Ltd / Parampujya Solar Energ, 144A | 6.250% | 12/10/24 | BB+ | $2,084,294 | |||
374 | Adani Transmission Ltd, 144A | 4.250% | 5/21/36 | BBB- | 382,376 | |||
650 | AES Panama Generation Holdings SRL, 144A | 4.375% | 5/31/30 | Baa3 | 670,150 | |||
1,500 | Cikarang Listrindo Tbk PT, 144A | 4.950% | 9/14/26 | BB+ | 1,528,200 | |||
2,325 | Clearway Energy Operating LLC, 144A | 3.750% | 2/15/31 | BB | 2,330,812 | |||
625 | Electricidad Firme de Mexico Holdings SA de CV, 144A | 4.900% | 11/20/26 | Ba2 | 623,331 | |||
1,200 | Empresa de Transmision Electrica SA, 144A | 5.125% | 5/02/49 | Baa2 | 1,341,000 | |||
5,700,000 COP | Empresas Publicas de Medellin ESP, 144A | 8.375% | 11/08/27 | Baa3 | 1,414,717 | |||
1,600 | Instituto Costarricense de Electricidad, 144A | 6.950% | 11/10/21 | B1 | 1,600,816 | |||
1,500 | Lamar Funding Ltd, 144A | 3.958% | 5/07/25 | Ba3 | 1,499,520 | |||
1,166 | LLPL Capital Pte Ltd, 144A | 6.875% | 2/04/39 | Baa3 | 1,369,709 | |||
2,175 | Pacific Gas and Electric Co | 3.300% | 8/01/40 | BBB- | 2,006,913 | |||
1,155 | Pattern Energy Operations LP / Pattern Energy Operations Inc, 144A | 4.500% | 8/15/28 | BB- | 1,204,088 | |||
3,315 | TerraForm Power Operating LLC, 144A | 4.750% | 1/15/30 | BB | 3,468,319 | |||
Total Electric Utilities | 23,693,921 | |||||||
Energy Equipment & Services – 0.1% | ||||||||
850 | Archrock Partners LP / Archrock Partners Finance Corp, 144A | 6.250% | 4/01/28 | B+ | 879,092 | |||
1,550 | Galaxy Pipeline Assets Bidco Ltd, 144A | 3.250% | 9/30/40 | Aa2 | 1,562,546 | |||
Total Energy Equipment & Services | 2,441,638 | |||||||
Equity Real Estate Investment Trust – 2.1% | ||||||||
2,750 | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL, 144A, (3) | 5.750% | 5/15/26 | BB+ | 2,856,562 | |||
1,455 | CTR Partnership LP / CareTrust Capital Corp, 144A | 3.875% | 6/30/28 | BB+ | 1,509,562 | |||
1,250 | Diversified Healthcare Trust | 4.375% | 3/01/31 | BB | 1,209,047 | |||
1,075 | GLP Capital LP / GLP Financing II Inc | 4.000% | 1/15/31 | BBB- | 1,159,495 | |||
1,740 | HAT Holdings I LLC / HAT Holdings II LLC, 144A | 3.375% | 6/15/26 | BB+ | 1,766,100 | |||
1,300 | HAT Holdings I LLC / HAT Holdings II LLC, 144A | 3.750% | 9/15/30 | BB+ | 1,313,000 | |||
1,535 | Iron Mountain Inc, 144A | 5.250% | 3/15/28 | BB- | 1,604,075 | |||
800 | Iron Mountain Inc, 144A | 4.500% | 2/15/31 | BB- | 811,440 | |||
1,500 | MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc | 5.750% | 2/01/27 | BB+ | 1,725,000 | |||
3,375 | MPT Operating Partnership LP / MPT Finance Corp | 3.500% | 3/15/31 | BBB- | 3,442,500 | |||
1,600 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer, 144A | 4.875% | 5/15/29 | B+ | 1,646,760 | |||
1,800 | Retail Properties of America Inc | 4.750% | 9/15/30 | BBB- | 1,979,507 | |||
2,450 | RHP Hotel Properties LP / RHP Finance Corp, 144A | 4.500% | 2/15/29 | B1 | 2,454,949 |
14
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Equity Real Estate Investment Trust (continued) | ||||||||
$1,370 | RLJ Lodging Trust LP, 144A | 3.750% | 7/01/26 | BB- | $1,376,850 | |||
1,430 | RLJ Lodging Trust LP, 144A | 4.000% | 9/15/29 | BB- | 1,427,769 | |||
2,830 | Scentre Group Trust 2, 144A | 5.125% | 9/24/80 | BBB+ | 3,041,401 | |||
1,150 | Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC, 144A | 4.750% | 4/15/28 | BB+ | 1,174,438 | |||
1,140 | XHR LP, 144A | 4.875% | 6/01/29 | B1 | 1,170,883 | |||
Total Equity Real Estate Investment Trust | 31,669,338 | |||||||
Gas Utilities – 0.2% | ||||||||
2,550 | National Gas Co of Trinidad & Tobago Ltd, 144A | 6.050% | 1/15/36 | BBB- | 2,709,375 | |||
Health Care Providers & Services – 0.6% | ||||||||
1,825 | CHS/Community Health Systems Inc, 144A | 6.875% | 4/15/29 | CCC | 1,829,289 | |||
950 | CHS/Community Health Systems Inc, 144A | 4.750% | 2/15/31 | BB- | 955,938 | |||
1,200 | Cushman & Wakefield US Borrower LLC, 144A | 6.750% | 5/15/28 | BB- | 1,302,000 | |||
1,675 | LifePoint Health Inc, 144A | 5.375% | 1/15/29 | CCC+ | 1,628,937 | |||
3,925 | Tenet Healthcare Corp, 144A | 6.125% | 10/01/28 | B | 4,123,114 | |||
Total Health Care Providers & Services | 9,839,278 | |||||||
Hotels, Restaurants & Leisure – 0.7% | ||||||||
2,250 | Hilton Domestic Operating Co Inc, 144A | 4.000% | 5/01/31 | N/R | 2,283,750 | |||
3,200 | Hilton Domestic Operating Co Inc, 144A | 3.625% | 2/15/32 | BB | 3,152,000 | |||
1,605 | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc, 144A | 5.000% | 6/01/29 | BB- | 1,637,100 | |||
1,065 | Marriott Ownership Resorts Inc, 144A | 4.500% | 6/15/29 | B1 | 1,078,313 | |||
1,695 | MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc | 4.500% | 1/15/28 | BB+ | 1,851,787 | |||
Total Hotels, Restaurants & Leisure | 10,002,950 | |||||||
Household Durables – 0.1% | ||||||||
1,775 | WASH Multifamily Acquisition Inc, 144A | 5.750% | 4/15/26 | B- | 1,853,499 | |||
Independent Power & Renewable Electricity Producers – 1.0% | ||||||||
1,200 | Alfa Desarrollo SpA, 144A | 4.550% | 9/27/51 | Baa3 | 1,170,600 | |||
1,350 | Atlantica Sustainable Infrastructure PLC, 144A | 4.125% | 6/15/28 | BB+ | 1,395,225 | |||
700 | Azure Power Energy Ltd, 144A | 3.575% | 8/19/26 | BB+ | 708,744 | |||
4,200 | Calpine Corp, 144A | 3.750% | 3/01/31 | BB+ | 4,042,500 | |||
3,570 | Clearway Energy Operating LLC, 144A | 3.750% | 1/15/32 | BB | 3,565,538 | |||
1,300 | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA, 144A | 5.375% | 12/30/30 | BBB- | 1,275,638 | |||
1,500 | Kallpa Generacion SA, 144A | 4.125% | 8/16/27 | Baa3 | 1,564,110 | |||
1,006 | UEP Penonome II SA, 144A | 6.500% | 10/01/38 | BB | 1,048,442 | |||
Total Independent Power & Renewable Electricity Producers | 14,770,797 |
15
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Internet Software & Services – 0.1% | ||||||||
$1,575 | Cogent Communications Group Inc, 144A | 3.500% | 5/01/26 | BB | $1,596,656 | |||
Media – 0.4% | ||||||||
1,775 | Altice Financing SA, 144A | 5.000% | 1/15/28 | B | 1,711,499 | |||
200 | Cablevision Lightpath LLC, 144A | 3.875% | 9/15/27 | B+ | 196,270 | |||
4,600 | CCO Holdings LLC / CCO Holdings Capital Corp | 4.500% | 5/01/32 | BB+ | 4,738,000 | |||
Total Media | 6,645,769 | |||||||
Mortgage Real Estate Investment Trust – 0.5% | ||||||||
5,385 | Blackstone Mortgage Trust Inc, 144A, (WI/DD) | 3.750% | 1/15/27 | Ba2 | 5,337,881 | |||
1,875 | Starwood Property Trust Inc, 144A | 3.625% | 7/15/26 | BB+ | 1,889,063 | |||
Total Mortgage Real Estate Investment Trust | 7,226,944 | |||||||
Oil, Gas & Consumable Fuels – 2.5% | ||||||||
1,800 | Antero Midstream Partners LP / Antero Midstream Finance Corp, 144A | 7.875% | 5/15/26 | BB- | 1,968,210 | |||
500 | Calumet Specialty Products Partners LP / Calumet Finance Corp, (3) | 7.750% | 4/15/23 | B- | 495,625 | |||
2,130 | Cheniere Energy Partners LP, 144A | 3.250% | 1/31/32 | BB+ | 2,137,029 | |||
1,270 | CNX Midstream Partners LP, 144A | 4.750% | 4/15/30 | BB- | 1,289,653 | |||
2,235 | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp, 144A | 5.625% | 5/01/27 | BB- | 2,300,262 | |||
1,820 | DT Midstream Inc, 144A | 4.375% | 6/15/31 | BB+ | 1,874,600 | |||
424 | Energean Israel Finance Ltd, Reg S, 144A | 5.375% | 3/30/28 | BB- | 433,545 | |||
200 | EnLink Midstream LLC, 144A | 5.625% | 1/15/28 | BB+ | 212,948 | |||
1,215 | EQM Midstream Partners LP | 5.500% | 7/15/28 | BB | 1,334,823 | |||
1,300 | EQM Midstream Partners LP, 144A | 4.750% | 1/15/31 | BB | 1,352,026 | |||
1,425 | Leviathan Bond Ltd, Reg S, Reg S | 6.750% | 6/30/30 | BB | 1,575,606 | |||
2,875 | M/I Homes Inc | 4.950% | 2/01/28 | Ba2 | 3,007,969 | |||
1,750 | New Fortress Energy Inc, 144A | 6.500% | 9/30/26 | BB- | 1,673,437 | |||
1,350 | NGL Energy Operating LLC / NGL Energy Finance Corp, 144A | 7.500% | 2/01/26 | BB- | 1,375,313 | |||
675 | NuStar Logistics LP | 6.375% | 10/01/30 | BB- | 742,500 | |||
300 | Oleoducto Central SA, 144A | 4.000% | 7/14/27 | Baa3 | 309,000 | |||
3,668 CAD | Pembina Pipeline Corp | 4.800% | 1/25/81 | BB+ | 2,891,917 | |||
1,200 | Peru LNG Srl, 144A | 5.375% | 3/22/30 | B+ | 972,000 | |||
275 | Promigas SA ESP / Gases del Pacifico SAC, 144A | 3.750% | 10/16/29 | Baa3 | 276,348 | |||
3,000 | Sunoco LP / Sunoco Finance Corp | 5.875% | 3/15/28 | BB | 3,165,000 | |||
600 | Targa Resources Partners LP / Targa Resources Partners Finance Corp, 144A | 4.000% | 1/15/32 | BB+ | 620,070 | |||
3,015 | TransMontaigne Partners LP / TLP Finance Corp | 6.125% | 2/15/26 | BB | 3,067,762 | |||
600 | Transportadora de Gas del Sur SA, 144A | 6.750% | 5/02/25 | CCC+ | 559,704 |
16
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Oil, Gas & Consumable Fuels (continued) | ||||||||
$900 | Tullow Oil PLC, 144A | 10.250% | 5/15/26 | B- | $939,834 | |||
1,325 | USA Compression Partners LP / USA Compression Finance Corp | 6.875% | 9/01/27 | BB- | 1,402,645 | |||
1,675 | Western Midstream Operating LP | 5.300% | 2/01/30 | BB+ | 1,850,875 | |||
Total Oil, Gas & Consumable Fuels | 37,828,701 | |||||||
Real Estate Management & Development – 0.8% | ||||||||
1,225 | Howard Hughes Corp, 144A | 4.125% | 2/01/29 | BB | 1,226,531 | |||
1,300 | Howard Hughes Corp, 144A | 4.375% | 2/01/31 | BB | 1,307,683 | |||
2,700 | Hunt Cos Inc, 144A | 5.250% | 4/15/29 | BB- | 2,646,000 | |||
1,175 | Kennedy-Wilson Inc | 4.750% | 3/01/29 | BB | 1,195,563 | |||
2,250 | Kennedy-Wilson Inc | 5.000% | 3/01/31 | BB | 2,300,625 | |||
2,775 | Peach Property Finance GmbH, 144A | 4.375% | 11/15/25 | BB | 3,311,753 | |||
Total Real Estate Management & Development | 11,988,155 | |||||||
Road & Rail – 0.4% | ||||||||
525 | ENA Master Trust, 144A | 4.000% | 5/19/48 | BBB | 538,125 | |||
1,735 | First Student Bidco Inc / First Transit Parent Inc, 144A | 4.000% | 7/31/29 | BB+ | 1,711,144 | |||
1,700 | Rumo Luxembourg Sarl, 144A, (3) | 5.875% | 1/18/25 | BB | 1,759,517 | |||
500 | Rumo Luxembourg Sarl, 144A, (3) | 4.200% | 1/18/32 | Ba2 | 489,375 | |||
1,400 | Transnet SOC Ltd, 144A | 4.000% | 7/26/22 | Ba2 | 1,414,140 | |||
Total Road & Rail | 5,912,301 | |||||||
Specialty Retail – 0.4% | ||||||||
2,025 | Ferrellgas LP / Ferrellgas Finance Corp, 144A | 5.375% | 4/01/26 | B- | 1,979,225 | |||
2,225 | Ferrellgas LP / Ferrellgas Finance Corp, 144A | 5.875% | 4/01/29 | B- | 2,158,250 | |||
1,000 | LCM Investments Holdings II LLC, 144A | 4.875% | 5/01/29 | BB- | 1,026,070 | |||
380 | LCM Investments Holdings II LLC, 144A | 4.875% | 5/01/29 | BB- | 389,907 | |||
700 | Superior Plus LP / Superior General Partner Inc, 144A | 4.500% | 3/15/29 | BB- | 722,750 | |||
Total Specialty Retail | 6,276,202 | |||||||
Transportation Infrastructure – 0.7% | ||||||||
1,400 | Adani Ports & Special Economic Zone Ltd, 144A | 4.000% | 7/30/27 | BBB- | 1,458,716 | |||
575 | Aeropuerto Internacional de Tocumen SA, 144A | 4.000% | 8/11/41 | BBB | 591,068 | |||
400 | Aeropuerto Internacional de Tocumen SA, 144A | 5.125% | 8/11/61 | BBB | 418,800 | |||
2,810 | Aeropuertos Dominicanos Siglo XXI SA, 144A | 6.750% | 3/30/29 | B+ | 2,926,615 | |||
1,107 | Autopistas del Sol SA/Costa Rica, 144A | 7.375% | 12/30/30 | B | 1,154,659 | |||
1,700 | DP World Ltd/United Arab Emirates, 144A | 5.625% | 9/25/48 | Baa3 | 2,095,590 | |||
1,800 | Mexico City Airport Trust, 144A | 4.250% | 10/31/26 | BBB | 1,920,600 | |||
Total Transportation Infrastructure | 10,566,048 |
17
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Wireless Telecommunication Services – 0.2% | ||||||||
$2,225 | Hughes Satellite Systems Corp | 6.625% | 8/01/26 | BB | $2,529,886 | |||
Total Corporate Bonds (cost $221,679,503) | 225,866,103 |
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||
$25 PAR (OR SIMILAR) RETAIL PREFERRED – 13.0% | ||||||||
Diversified Financial Services – 0.1% | ||||||||
51,033 | Brookfield Finance Inc | 4.625% | BBB | $1,310,017 | ||||
28,354 | National Rural Utilities Cooperative Finance Corp, (3) | 5.500% | A3 | 777,183 | ||||
Total Diversified Financial Services | 2,087,200 | |||||||
Electric Utilities – 1.6% | ||||||||
98,516 | DTE Energy Co | 4.375% | BBB- | 2,512,158 | ||||
13,048 | Duke Energy Corp, (3) | 5.750% | BBB- | 361,430 | ||||
36,322 | Entergy Arkansas LLC, (3) | 4.875% | A | 913,498 | ||||
34,454 | Entergy Texas Inc | 5.375% | BBB- | 918,888 | ||||
104,701 | Georgia Power Co | 5.000% | BBB | 2,709,662 | ||||
225,075 | Integrys Holding Inc, (2) | 6.000% | BBB | 5,995,998 | ||||
51,805 | NextEra Energy Capital Holdings Inc, (3) | 5.250% | BBB | 1,308,076 | ||||
156,099 | Southern Co | 4.950% | BBB | 4,128,819 | ||||
203,899 | Southern Co | 4.200% | BBB | 5,219,814 | ||||
Total Electric Utilities | 24,068,343 | |||||||
Equity Real Estate Investment Trust – 7.6% | ||||||||
151,876 | Agree Realty Corp | 4.250% | Baa3 | 3,818,163 | ||||
114,876 | American Homes 4 Rent | 5.875% | BB | 2,928,189 | ||||
151,769 | American Homes 4 Rent | 5.875% | BB | 3,935,370 | ||||
5,337 | American Homes 4 Rent | 6.250% | Ba1 | 143,512 | ||||
144,336 | Armada Hoffler Properties Inc | 6.750% | N/R | 3,886,969 | ||||
229,881 | Centerspace | 6.625% | N/R | 5,935,527 | ||||
55,490 | Chatham Lodging Trust | 6.625% | N/R | 1,412,775 | ||||
76,285 | City Office REIT Inc | 6.625% | N/R | 1,936,113 | ||||
121,909 | DiamondRock Hospitality Co, (3) | 8.250% | N/R | 3,301,296 | ||||
159,527 | Digital Realty Trust Inc | 5.250% | Baa3 | 4,128,559 | ||||
101,034 | Digital Realty Trust Inc | 5.850% | Baa3 | 2,778,435 | ||||
149,573 | Digital Realty Trust Inc | 5.200% | Baa3 | 4,068,386 | ||||
2,620 | DigitalBridge Group Inc | 7.125% | N/R | 66,889 | ||||
5,788 | Federal Realty Investment Trust | 5.000% | BBB | 147,420 | ||||
154,295 | Kimco Realty Corp | 5.250% | Baa2 | 4,044,072 | ||||
5,162 | Mid-America Apartment Communities Inc | 8.500% | BBB- | 335,478 | ||||
170,505 | Monmouth Real Estate Investment Corp | 6.125% | N/R | 4,300,136 | ||||
45,514 | National Storage Affiliates Trust | 6.000% | N/R | 1,192,922 |
18
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||
Equity Real Estate Investment Trust (continued) | ||||||||
157,895 | Pebblebrook Hotel Trust | 6.300% | N/R | $3,918,954 | ||||
71,146 | Pebblebrook Hotel Trust | 6.375% | N/R | 1,817,780 | ||||
94,424 | Pebblebrook Hotel Trust | 5.700% | N/R | 2,360,600 | ||||
102,440 | PS Business Parks Inc | 5.200% | BBB | 2,691,099 | ||||
257,086 | PS Business Parks Inc | 4.875% | BBB | 7,095,574 | ||||
104,578 | Public Storage | 4.875% | A3 | 2,867,529 | ||||
293 | Public Storage | 4.750% | A3 | 8,019 | ||||
84,599 | Public Storage, (3) | 4.625% | A3 | 2,307,861 | ||||
187,251 | Rexford Industrial Realty Inc | 5.625% | BB+ | 4,934,064 | ||||
57,827 | Saul Centers Inc | 6.125% | N/R | 1,517,380 | ||||
81,910 | Saul Centers Inc | 6.000% | N/R | 2,168,158 | ||||
83,546 | SITE Centers Corp | 6.375% | BB+ | 2,163,841 | ||||
139,016 | Summit Hotel Properties Inc | 6.250% | N/R | 3,618,586 | ||||
69,632 | Summit Hotel Properties Inc, (6) | 5.875% | N/R | 1,819,596 | ||||
102,625 | Sunstone Hotel Investors Inc | 6.125% | N/R | 2,653,883 | ||||
111,550 | Sunstone Hotel Investors Inc | 5.700% | N/R | 2,824,446 | ||||
135,949 | UMH Properties Inc | 6.750% | N/R | 3,531,955 | ||||
92,168 | Urstadt Biddle Properties Inc | 6.250% | N/R | 2,407,428 | ||||
91,006 | Urstadt Biddle Properties Inc | 5.875% | N/R | 2,388,908 | ||||
281,458 | Vornado Realty Trust | 5.250% | Baa3 | 7,340,425 | ||||
181,419 | Vornado Realty Trust | 5.250% | Baa3 | 4,880,171 | ||||
76,253 | Vornado Realty Trust, (6) | 4.450% | Baa3 | 1,866,673 | ||||
Total Equity Real Estate Investment Trust | 115,543,141 | |||||||
Gas Utilities – 0.4% | ||||||||
193,471 | South Jersey Industries Inc | 5.625% | BB+ | 5,154,067 | ||||
40,621 | Spire Inc | 5.900% | BBB | 1,108,141 | ||||
Total Gas Utilities | 6,262,208 | |||||||
Independent Power & Renewable Electricity Producers – 0.5% | ||||||||
101,928 | Brookfield BRP Holdings Canada Inc | 4.625% | BBB- | 2,627,704 | ||||
174,381 | Brookfield Renewable Partners LP | 5.250% | BBB- | 4,603,658 | ||||
Total Independent Power & Renewable Electricity Producers | 7,231,362 | |||||||
Multi-Utilities – 1.5% | ||||||||
34,627 | Algonquin Power & Utilities Corp | 6.200% | BB+ | 958,475 | ||||
35,122 | Brookfield Infrastructure Finance ULC | 5.000% | BBB- | 913,874 | ||||
190,225 | Brookfield Infrastructure Partners LP | 5.125% | BBB- | 4,860,249 | ||||
55,805 | Brookfield Infrastructure Partners LP, (3) | 5.000% | BBB- | 1,418,563 | ||||
97,972 | CMS Energy Corp, (3) | 5.875% | BBB- | 2,646,224 | ||||
67,664 | CMS Energy Corp | 4.200% | BBB- | 1,688,894 | ||||
5,876 | DTE Energy Co | 5.250% | BBB- | 151,777 |
19
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||
Multi-Utilities (continued) | ||||||||
54,019 | NiSource Inc | 6.500% | BBB- | $1,482,281 | ||||
284,945 | Sempra Energy, (3) | 5.750% | BBB- | 7,835,988 | ||||
Total Multi-Utilities | 21,956,325 | |||||||
Oil, Gas & Consumable Fuels – 0.1% | ||||||||
41,277 | NuStar Energy LP | 7.625% | B2 | 877,962 | ||||
Real Estate Management & Development – 1.1% | ||||||||
175,695 | Brookfield Property Partners LP | 6.375% | BB | 4,434,542 | ||||
196,493 | Brookfield Property Partners LP, (3) | 6.500% | BB | 4,961,448 | ||||
209,259 | Brookfield Property Partners LP | 5.750% | BB | 4,911,309 | ||||
99,347 | Landmark Infrastructure Partners LP | 7.900% | N/R | 2,509,505 | ||||
Total Real Estate Management & Development | 16,816,804 | |||||||
Trading Companies & Distributors – 0.1% | ||||||||
67,409 | Fortress Transportation and Infrastructure Investors LLC | 8.250% | B | 1,825,436 | ||||
Total $25 Par (or similar) Retail Preferred (cost $184,925,504) | 196,668,781 |
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 9.8% | ||||||||
Diversified Financial Services – 0.3% | ||||||||
$360 | National Rural Utilities Cooperative Finance Corp, (3) | 5.250% | 4/20/46 | A3 | $395,992 | |||
3,957 | Transcanada Trust, (3) | 5.625% | 5/20/75 | BBB | 4,268,614 | |||
Total Diversified Financial Services | 4,664,606 | |||||||
Electric Utilities – 2.8% | ||||||||
1,800 | ComEd Financing III | 6.350% | 3/15/33 | Baa2 | 2,219,178 | |||
6,205 | Duke Energy Corp | 4.875% | 3/16/70 | BBB- | 6,631,594 | |||
4,390 | Edison International | 5.375% | N/A (7) | BB+ | 4,539,480 | |||
2,100 GBP | Electricite de France SA, Reg S | 5.875% | 7/22/70 | BBB | 3,200,267 | |||
7,190 | Emera Inc | 6.750% | 6/15/76 | BB+ | 8,548,982 | |||
5,740 | Enel SpA, 144A | 8.750% | 9/24/73 | BBB | 6,543,600 | |||
2,070 | NextEra Energy Capital Holdings Inc, (3) | 4.800% | 12/01/77 | BBB | 2,322,476 | |||
4,085 | NextEra Energy Capital Holdings Inc | 5.650% | 5/01/79 | BBB | 4,791,703 | |||
1,990 | Southern Co | 4.000% | 1/15/51 | BBB | 2,103,569 | |||
1,515 | SSE PLC, Reg S | 4.750% | 9/16/77 | BBB- | 1,544,876 | |||
Total Electric Utilities | 42,445,725 | |||||||
Marine – 0.2% | ||||||||
2,195 | Royal Capital BV, Reg S | 4.875% | 11/05/69 | N/R | 2,288,287 | |||
Multi-Utilities – 1.9% | ||||||||
7,995 | CenterPoint Energy Inc | 6.125% | N/A (7) | BBB- | 8,474,700 |
20
Principal Amount (000)(4) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
Multi-Utilities (continued) | ||||||||
$1,465 | CMS Energy Corp | 4.750% | 6/01/50 | BBB- | $1,647,993 | |||
2,440 | Dominion Energy Inc | 5.750% | 10/01/54 | BBB- | 2,675,420 | |||
3,100 | Dominion Energy Inc | 4.650% | 6/15/70 | BBB- | 3,321,030 | |||
1,944 | NiSource Inc | 5.650% | N/A (7) | BBB- | 2,050,920 | |||
4,556 | RWE AG, Reg S | 6.625% | 7/30/75 | BBB- | 5,265,369 | |||
5,535 | Sempra Energy | 4.875% | N/A (7) | BBB- | 6,005,475 | |||
Total Multi-Utilities | 29,440,907 | |||||||
Oil, Gas & Consumable Fuels – 4.0% | ||||||||
9,277 | Enbridge Inc | 6.000% | 1/15/77 | BBB- | 10,275,090 | |||
10,634 | Enbridge Inc | 5.500% | 7/15/77 | BBB- | 11,394,479 | |||
3,947 | Enbridge Inc | 6.250% | 3/01/78 | BBB- | 4,398,906 | |||
3,605 | Enbridge Inc | 5.750% | 7/15/80 | BBB- | 4,073,470 | |||
3,478 | Energy Transfer LP, (3-Month LIBOR reference rate + 3.018% spread), (8) | 3.143% | 11/01/66 | Ba1 | 2,868,654 | |||
1,275 | Energy Transfer LP | 6.500% | N/A (7) | BB | 1,327,747 | |||
7,251 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | Baa2 | 7,586,635 | |||
4,840 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | Baa2 | 5,037,956 | |||
2,424 CAD | Inter Pipeline Ltd | 6.625% | 11/19/79 | BB | 2,070,026 | |||
2,315 CAD | Keyera Corp | 5.950% | 3/10/81 | BB | 1,902,646 | |||
5,285 | Transcanada Trust | 5.875% | 8/15/76 | BBB | 5,919,200 | |||
3,170 | Transcanada Trust | 5.500% | 9/15/79 | BBB | 3,494,925 | |||
Total Oil, Gas & Consumable Fuels | 60,349,734 | |||||||
Real Estate Management & Development – 0.4% | ||||||||
5,750 | AT Securities BV, Reg S | 5.250% | 7/21/70 | BBB- | 6,037,500 | |||
Road & Rail – 0.2% | ||||||||
2,790 | BNSF Funding Trust I | 6.613% | 12/15/55 | A | 3,180,600 | |||
Total $1,000 Par (or similar) Institutional Preferred (cost $135,329,237) | 148,407,359 |
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 6.3% | ||||||||
Commercial Services & Supplies – 0.3% | ||||||||
58,545 | GFL Environmental Inc | 6.000% | N/R | $4,978,667 | ||||
Electric Utilities – 2.9% | ||||||||
160,880 | American Electric Power Co Inc | 6.125% | BBB | 7,669,150 | ||||
106,812 | American Electric Power Co Inc | 6.125% | BBB | 5,310,693 | ||||
138,535 | NextEra Energy Inc | 4.872% | A- | 8,119,536 | ||||
167,698 | NextEra Energy Inc | 5.279% | BBB | 8,545,890 | ||||
69,922 | NextEra Energy Inc | 6.219% | BBB | 3,573,713 |
21
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||
Electric Utilities (continued) | ||||||||
34,900 | PG&E Corp | 5.500% | N/R | $3,336,440 | ||||
151,686 | Southern Co | 6.750% | BBB | 7,737,503 | ||||
Total Electric Utilities | 44,292,925 | |||||||
Equity Real Estate Investment Trust – 0.3% | ||||||||
23,760 | Equity Commonwealth | 6.500% | N/R | 738,698 | ||||
20,450 | Lexington Realty Trust | 6.500% | N/R | 1,327,001 | ||||
37,738 | RPT Realty | 7.250% | BB | 2,249,751 | ||||
Total Equity Real Estate Investment Trust | 4,315,450 | |||||||
Gas Utilities – 0.5% | ||||||||
50,677 | South Jersey Industries Inc, (3) | 8.750% | N/R | 2,454,287 | ||||
66,322 | Spire Inc, (2) | 7.500% | N/R | 3,173,508 | ||||
22,624 | UGI Corp | 7.250% | N/R | 2,273,712 | ||||
Total Gas Utilities | 7,901,507 | |||||||
Independent Power & Renewable Electricity Producers – 0.3% | ||||||||
42,550 | AES Corp | 6.875% | BB | 4,101,820 | ||||
Multi-Utilities – 1.8% | ||||||||
53,458 | Algonquin Power & Utilities Corp | 7.750% | N/R | 2,588,436 | ||||
80,158 | Dominion Energy Inc | 7.250% | BBB- | 7,785,746 | ||||
230,785 | DTE Energy Co | 6.250% | BBB- | 11,599,254 | ||||
45,237 | NiSource Inc, (3) | 7.750% | BBB- | 4,679,768 | ||||
Total Multi-Utilities | 26,653,204 | |||||||
Water Utilities – 0.2% | ||||||||
40,127 | Essential Utilities Inc | 6.000% | N/R | 2,302,888 | ||||
Total Convertible Preferred Securities (cost $89,448,009) | 94,546,461 |
Shares | Description (1) | Value | ||||||
INVESTMENT COMPANIES – 0.6% | ||||||||
1,889,328 | Digital 9 Infrastructure PLC/Fund | $2,723,879 | ||||||
40,019 | Greencoat UK Wind PLC/Funds | 69,990 | ||||||
1,118,775 | JLEN Environmental Assets Group Ltd | 1,618,988 | ||||||
921,969 | Keppel Infrastructure Trust | 370,064 | ||||||
1,127,923 | Renewables Infrastructure Group Ltd | 1,873,057 | ||||||
939,058 | Sequoia Economic Infrastructure Income Fund Ltd | 1,353,857 | ||||||
1,041,487 | Starwood European Real Estate Finance Ltd | 1,375,234 | ||||||
Total Investment Companies (cost $9,329,546) | 9,385,069 |
22
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
CONVERTIBLE BONDS – 0.5% | ||||||||
Oil, Gas & Consumable Fuels – 0.5% | ||||||||
$7,990 | Cheniere Energy Inc | 4.250% | 3/15/45 | N/R | $6,854,992 | |||
$7,990 | Total Convertible Bonds (cost $5,679,317) | 6,854,992 |
Principal Amount (000) | Description (1) | Coupon (9) | Reference Rate (9) | Spread (9) | Maturity (10) | Ratings (5) | Value | |
VARIABLE RATE SENIOR LOAN INTERESTS – 0.4% (9) | ||||||||
Electric Utilities – 0.1% | ||||||||
$2,009 | ExGen Renewables IV, LLC, Term Loan | 3.500% | 3-Month LIBOR | 2.500% | 12/15/27 | BB- | $2,011,427 | |
Real Estate Management & Development – 0.3% | ||||||||
3,870 | GGP, Term Loan B | 2.584% | 1-Month LIBOR | 2.500% | 8/24/25 | BB+ | 3,831,222 | |
$5,879 | Total Variable Rate Senior Loan Interests (cost $5,858,266) | 5,842,649 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |||
ASSET-BACKED SECURITIES – 0.3% | ||||||||
$550 | Alen 2021-ACEN Mortgage Trust, 144A, (1-Month LIBOR reference rate + 4.000% spread), (8) | 4.084% | 4/15/34 | BB- | $553,448 | |||
1,265 | Benchmark 2020-B18 Mortgage Trust, 144A | 4.139% | 7/15/53 | B- | 1,279,239 | |||
100 | COMM 2014-UBS3 Mortgage Trust, 144A | 4.927% | 6/10/47 | N/R | 100,771 | |||
405 | COMM 2015-CCRE24 Mortgage Trust | 3.463% | 8/10/48 | BBB- | 376,872 | |||
400 | GS Mortgage Securities Corp Trust 2017-SLP, 144A | 4.744% | 10/10/32 | B | 399,035 | |||
560 | GS Mortgage Securities Trust 2016-GS4 | 4.088% | 11/10/49 | A- | 557,368 | |||
400 | Natixis Commercial Mortgage Securities Trust 2019-MILE, 144A, (1-Month LIBOR reference rate + 2.750% spread), (8) | 2.834% | 7/15/36 | N/R | 399,880 | |||
1,300 | Natixis Commercial Mortgage Securities Trust 2019-MILE, 144A, (1-Month LIBOR reference rate + 4.250% spread), (8) | 4.334% | 7/15/36 | N/R | 1,292,010 | |||
$4,980 | Asset-Backed Securities (cost $4,874,046) | 4,958,623 |
Shares | Description (1) | Value | ||||||
COMMON STOCK RIGHTS – 0.0% | ||||||||
Equity Real Estate Investment Trust – 0.0% | ||||||||
162 | APN Industria REIT, (11) | $117 | ||||||
Total Common Stock Rights (cost $-) | 117 | |||||||
Total Long-Term Investments (cost $1,338,050,038) | 1,452,298,090 |
23
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.9% | ||||||
MONEY MARKET FUNDS – 0.9% | ||||||
13,118,883 | State Street Navigator Securities Lending Government Money Market Portfolio, (12) | 0.030% (13) | $13,118,883 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $13,118,883) | 13,118,883 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||
SHORT-TERM INVESTMENTS – 3.4% | ||||||||
REPURCHASE AGREEMENTS – 3.4% | ||||||||
$50,959 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/21, repurchase price $50,958,949, collateralized by $53,022,000, U.S. Treasury Bonds, 1.875%, due 2/15/41, value $51,978,143 | 0.000% | 10/01/21 | $50,958,949 | ||||
Total Short-Term Investments (cost $50,958,949) | 50,958,949 | |||||||
Total Investments (cost $1,402,127,870) – 100.4% | 1,516,375,922 | |||||||
Other Assets Less Liabilities – (0.4)% (14) | (5,473,457) | |||||||
Net Assets – 100% | $1,510,902,465 |
Futures Contracts - Short | ||||||
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable/ (Payable) |
U.S. Treasury 10-Year Note | (65) | 12/21 | $(8,663,151) | $(8,554,609) | $108,542 | $(9,141) |
U.S. Treasury Ultra Bond | (35) | 12/21 | (6,861,301) | (6,687,188) | 174,113 | 5,469 |
U.S. Treasury Ultra 10-Year Note | (60) | 12/21 | (8,874,255) | (8,715,000) | 159,255 | (10,312) |
Total | $(24,398,707) | $(23,956,797) | $441,910 | $(13,984) |
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.).
24
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: | ||||
Common Stocks | $221,589,717 | $176,687,617 | $ — | $398,277,334 |
Real Estate Investment Trust Common Stocks | 262,237,810 | 99,252,792 | — | 361,490,602 |
Corporate Bonds | — | 225,866,103 | — | 225,866,103 |
$25 Par (or similar) Retail Preferred | 190,672,783 | 5,995,998 | — | 196,668,781 |
$1,000 Par (or similar) Institutional Preferred | — | 148,407,359 | — | 148,407,359 |
Convertible Preferred Securities | 91,372,953 | 3,173,508 | — | 94,546,461 |
Investment Companies | 9,385,069 | — | — | 9,385,069 |
Convertible Bonds | — | 6,854,992 | — | 6,854,992 |
Variable Rate Senior Loan Interests | — | 5,842,649 | — | 5,842,649 |
Asset-Backed Securities | — | 4,958,623 | — | 4,958,623 |
Common Stock Rights | — | — | 117 | 117 |
Investments Purchased with Collateral from Securities Lending | 13,118,883 | — | — | 13,118,883 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 50,958,949 | — | 50,958,949 |
Investments in Derivatives: | ||||
Futures Contracts* | 441,910 | — | — | 441,910 |
Total | $788,819,125 | $727,998,590 | $117 | $1,516,817,832 |
* | 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. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(3) | 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 $12,680,910. | |
(4) | Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted. | |
(5) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(6) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(7) | Perpetual security. Maturity date is not applicable. | |
(8) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(9) | 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. | |
(10) | 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. | |
(11) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. | |
(12) | The Fund may loan securities representing up to one third of the market 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 market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. | |
(13) | The rate shown is the one-day yield as of the end of the reporting period. | |
(14) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. | |
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. |
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Nuveen Real Asset Income Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
ADR | American Depositary Receipt | |
BRL | Brazilian Real | |
CAD | Canadian Dollar | |
COP | Colombian Peso | |
GBP | Pound Sterling | |
LIBOR | London Inter-Bank Offered Rate | |
N/A | Not Applicable. | |
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 | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
26
Nuveen Real Estate Securities Fund
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.1% | ||||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 98.3% | ||||||
Diversified – 1.8% | ||||||
63,905 | Essential Properties Realty Trust Inc | $1,784,228 | ||||
124,272 | PS Business Parks Inc | 19,478,393 | ||||
509,739 | VEREIT Inc | 23,055,495 | ||||
Total Diversified | 44,318,116 | |||||
Health Care – 7.6% | ||||||
479,753 | CareTrust REIT Inc | 9,748,581 | ||||
196,069 | Healthcare Realty Trust Inc | 5,838,935 | ||||
194,908 | Healthcare Trust of America Inc | 5,780,971 | ||||
765,428 | Healthpeak Properties Inc | 25,626,530 | ||||
1,004,220 | Medical Properties Trust Inc | 20,154,695 | ||||
184,456 | Omega Healthcare Investors Inc | 5,526,302 | ||||
33,596 | Sabra Health Care REIT Inc | 494,533 | ||||
1,071,213 | Ventas Inc | 59,141,670 | ||||
632,115 | Welltower Inc | 52,086,276 | ||||
Total Health Care | 184,398,493 | |||||
Hotels – 3.5% | ||||||
1,048,203 | Apple Hospitality REIT Inc | 16,488,233 | ||||
1,092,867 | Host Hotels & Resorts Inc, (2) | 17,846,518 | ||||
701,696 | Pebblebrook Hotel Trust | 15,725,007 | ||||
896,111 | RLJ Lodging Trust | 13,316,210 | ||||
24,232 | Ryman Hospitality Properties Inc, (2) | 2,028,218 | ||||
875,996 | Summit Hotel Properties Inc, (2) | 8,435,842 | ||||
175,769 | Sunstone Hotel Investors Inc, (2) | 2,098,682 | ||||
407,273 | Xenia Hotels & Resorts Inc, (2) | 7,225,023 | ||||
Total Hotels | 83,163,733 | |||||
Industrial – 14.6% | ||||||
739,344 | Americold Realty Trust | 21,477,943 | ||||
647,287 | Duke Realty Corp | 30,985,629 | ||||
81,097 | EastGroup Properties Inc | 13,513,193 | ||||
1,372,656 | Lexington Realty Trust | 17,501,364 | ||||
1,517,728 | Prologis Inc | 190,368,623 | ||||
772,136 | Rexford Industrial Realty Inc | 43,818,718 |
27
Nuveen Real Estate Securities Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
Industrial (continued) | ||||||
540,300 | Terreno Realty Corp | $34,163,169 | ||||
Total Industrial | 351,828,639 | |||||
Mortgage – 0.1% | ||||||
53,102 | Blackstone Mortgage Trust Inc | 1,610,053 | ||||
Office – 9.0% | ||||||
325,278 | Alexandria Real Estate Equities Inc | 62,150,867 | ||||
146,947 | Boston Properties Inc | 15,921,707 | ||||
697,522 | Corporate Office Properties Trust | 18,819,144 | ||||
299,993 | Cousins Properties Inc | 11,186,739 | ||||
696,032 | Douglas Emmett Inc | 22,001,571 | ||||
464,768 | Franklin Street Properties Corp | 2,156,524 | ||||
89,328 | Highwoods Properties Inc | 3,917,926 | ||||
553,446 | JBG SMITH Properties | 16,387,536 | ||||
245,076 | Kilroy Realty Corp | 16,226,482 | ||||
249,946 | Mack-Cali Realty Corp, (2) | 4,279,076 | ||||
1,869,514 | Paramount Group Inc | 16,806,931 | ||||
734,707 | Piedmont Office Realty Trust Inc | 12,805,943 | ||||
27,505 | SL Green Realty Corp | 1,948,454 | ||||
322,166 | Vornado Realty Trust | 13,534,194 | ||||
Total Office | 218,143,094 | |||||
Residential – 20.7% | ||||||
634,010 | American Campus Communities Inc | 30,717,785 | ||||
1,133,043 | American Homes 4 Rent, Class A | 43,191,599 | ||||
107,106 | Apartment Income REIT Corp | 5,227,844 | ||||
304,096 | AvalonBay Communities Inc | 67,399,837 | ||||
110,068 | Camden Property Trust | 16,231,728 | ||||
45,805 | Centerspace | 4,328,573 | ||||
42,962 | Equity LifeStyle Properties Inc | 3,355,332 | ||||
666,711 | Equity Residential | 53,950,254 | ||||
103,645 | Essex Property Trust Inc | 33,139,452 | ||||
849,561 | Independence Realty Trust Inc | 17,288,566 | ||||
1,284,504 | Invitation Homes Inc | 49,235,038 | ||||
246,308 | Mid-America Apartment Communities Inc | 45,998,019 | ||||
1,551 | NexPoint Residential Trust Inc | 95,976 | ||||
366,144 | Sun Communities Inc | 67,773,254 | ||||
1,167,526 | UDR Inc | 61,855,528 | ||||
Total Residential | 499,788,785 | |||||
Retail – 12.4% | ||||||
501,141 | Acadia Realty Trust | 10,228,288 |
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Shares | Description (1) | Value | ||||
Retail (continued) | ||||||
126,794 | Agree Realty Corp | $8,397,567 | ||||
1,228,095 | Brixmor Property Group Inc | 27,153,180 | ||||
154,898 | Federal Realty Investment Trust | 18,276,415 | ||||
2,009,512 | Kimco Realty Corp | 41,697,374 | ||||
526,406 | National Retail Properties Inc | 22,735,475 | ||||
110,633 | Phillips Edison & Co Inc | 3,397,539 | ||||
536,178 | Realty Income Corp | 34,776,505 | ||||
5,133 | Regency Centers Corp | 345,605 | ||||
403,099 | Retail Properties of America Inc | 5,191,915 | ||||
458,133 | RPT Realty | 5,845,777 | ||||
671,863 | Simon Property Group Inc | 87,322,034 | ||||
329,083 | SITE Centers Corp | 5,081,042 | ||||
312,080 | Spirit Realty Capital Inc | 14,368,163 | ||||
580,780 | Urban Edge Properties | 10,634,082 | ||||
148,256 | Urstadt Biddle Properties Inc | 2,806,486 | ||||
Total Retail | 298,257,447 | |||||
Specialized – 28.6% | ||||||
408,952 | American Tower Corp | 108,539,950 | ||||
74,818 | CoreSite Realty Corp | 10,365,286 | ||||
182,499 | Crown Castle International Corp | 31,630,727 | ||||
355,838 | CubeSmart | 17,240,351 | ||||
207,227 | CyrusOne Inc | 16,041,442 | ||||
546,569 | Digital Realty Trust Inc | 78,951,892 | ||||
141,166 | Equinix Inc | 111,539,492 | ||||
276,844 | Four Corners Property Trust Inc | 7,436,030 | ||||
700,222 | Gaming and Leisure Properties Inc | 32,434,283 | ||||
343,491 | Life Storage Inc | 39,412,157 | ||||
453,261 | MGM Growth Properties LLC | 17,359,896 | ||||
149,403 | National Storage Affiliates Trust | 7,886,984 | ||||
219,450 | PotlatchDeltic Corp | 11,319,231 | ||||
418,116 | Public Storage | 124,222,264 | ||||
58,396 | Safehold Inc | 4,198,088 | ||||
46,753 | SBA Communications Corp | 15,455,139 | ||||
1,857,659 | VICI Properties Inc | 52,776,092 | ||||
136,087 | Weyerhaeuser Co | 4,840,615 | ||||
Total Specialized | 691,649,919 | |||||
Total Real Estate Investment Trust Common Stocks (cost $1,698,529,414) | 2,373,158,279 |
Shares | Description (1) | Value | ||||||
COMMON STOCKS – 0.8% |
29
Nuveen Real Estate Securities Fund (continued)
Portfolio of Investments September 30, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
Hotels, Restaurants & Leisure – 0.3% | ||||||||
102,061 | Hyatt Hotels Corp, (2) | $7,868,903 | ||||||
Household Durables – 0.5% | ||||||||
271,199 | PulteGroup Inc | 12,453,458 | ||||||
Total Common Stocks (cost $21,343,000) | 20,322,361 | |||||||
Total Long-Term Investments (cost $1,719,872,414) | 2,393,480,640 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||
SHORT-TERM INVESTMENTS – 0.8% | ||||||||
REPURCHASE AGREEMENTS – 0.8% | ||||||||
$19,041 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/21, repurchase price $19,040,844, collateralized by $19,811,700, U.S. Treasury Bonds, 1.875%, due 2/15/41, value $19,421,662 | 0.000% | 10/01/21 | $19,040,844 | ||||
Total Short-Term Investments (cost $19,040,844) | 19,040,844 | |||||||
Total Investments (cost $1,738,913,258) – 99.9% | 2,412,521,484 | |||||||
Other Assets Less Liabilities – 0.1% | 2,432,062 | |||||||
Net Assets – 100% | $2,414,953,546 |
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 | $2,373,158,279 | $ — | $ — | $2,373,158,279 |
Common Stocks | 20,322,361 | — | — | 20,322,361 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 19,040,844 | — | 19,040,844 |
Total | $2,393,480,640 | $19,040,844 | $ — | $2,412,521,484 |
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 |
31