Form NPORT-EX NUVEEN INVESTMENT FUNDS For: Mar 31
Nuveen Global Infrastructure Fund
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.9% | ||||||
COMMON STOCKS – 93.3% | ||||||
Air Freight & Logistics – 0.1% | ||||||
14,662 | Oesterreichische Post AG, (2) | $620,475 | ||||
Commercial Services & Supplies – 4.4% | ||||||
1,137,814 | China Everbright International Ltd, (2) | 1,158,942 | ||||
48,016 | Republic Services Inc. | 3,859,526 | ||||
178,481 | Waste Connections Inc. | 15,811,632 | ||||
14,576 | Waste Management Inc. | 1,514,592 | ||||
Total Commercial Services & Supplies | 22,344,692 | |||||
Construction & Engineering – 4.7% | ||||||
47,002 | Eiffage SA, (2) | 4,518,201 | ||||
472,432 | Ferrovial SA, (2) | 11,070,716 | ||||
84,182 | Vinci SA, (2) | 8,191,062 | ||||
Total Construction & Engineering | 23,779,979 | |||||
Diversified Telecommunication Services – 2.6% | ||||||
86,755 | ARTERIA Networks Corp, (2) | 980,144 | ||||
139,317 | Cellnex Telecom SA, (2), (3) | 4,090,046 | ||||
298,722 | HKBN Ltd, (2) | 476,033 | ||||
4,275 | HKT Trust & HKT Ltd | 6,873 | ||||
478,666 | Infrastrutture Wireless Italiane SpA, (2) | 4,286,002 | ||||
3,552,014 | NetLink NBN Trust | 2,175,371 | ||||
1,225,595 | Telesites SAB de CV, (3) | 791,796 | ||||
Total Diversified Telecommunication Services | 12,806,265 | |||||
Electric Utilities – 20.1% | ||||||
189,520 | Alliant Energy Corp | 8,932,078 | ||||
104,659 | Alupar Investimento SA | 620,681 | ||||
62,447 | American Electric Power Co Inc. | 5,229,936 | ||||
1,531,045 | AusNet Services, (2) | 1,930,707 | ||||
1,923 | Cia de Transmissao de Energia Eletrica Paulista, (WI/DD) | 37,887 | ||||
182,708 | CK Infrastructure Holdings Ltd, (2) | 1,499,651 | ||||
146,781 | CLP Holdings Ltd, (2) | 1,702,452 | ||||
172,442 | Duke Energy Corporation | 15,519,780 | ||||
46,325 | Edison International | 2,868,444 | ||||
6,501 | Elia System Operator SA/NV, (2) | 455,858 | ||||
105,858 | Enel Chile SA, ADR | 548,344 | ||||
482,218 | Enel SpA, (2) | 3,089,959 |
1
Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
Electric Utilities (continued) | ||||||
44,574 | Entergy Corp | $4,262,612 | ||||
399 | Evergy Inc. | 23,162 | ||||
628 | Eversource Energy | 44,557 | ||||
989,003 | Iberdrola SA, (2) | 8,683,214 | ||||
554,788 | Infratil Ltd, (2) | 1,575,901 | ||||
126,715 | Interconexion Electrica SA ESP, (WI/DD) | 634,364 | ||||
89,508 | NextEra Energy Inc. | 17,303,686 | ||||
13,210 | Portland General Electric Co | 684,806 | ||||
3,561 | Power Assets Holdings Ltd, (2) | 24,706 | ||||
449,284 | Power Grid Corp of India Ltd, (2) | 1,282,212 | ||||
25,363 | Red Electrica Corp SA, (2), (3) | 540,655 | ||||
97,977 | Southern Company | 5,063,451 | ||||
1,530,021 | Spark Infrastructure Group, (2) | 2,479,371 | ||||
1,043,717 | Terna Rete Elettrica Nazionale SpA, (2) | 6,624,279 | ||||
54,578 | Transmissora Alianca de Energia Eletrica SA, (WI/DD) | 345,699 | ||||
164,867 | Xcel Energy Inc. | 9,267,174 | ||||
Total Electric Utilities | 101,275,626 | |||||
Gas Utilities – 3.5% | ||||||
188,036 | APA Group, (2) | 1,334,793 | ||||
52,263 | Atmos Energy Corporation | 5,379,431 | ||||
1,106,606 | Hong Kong & China Gas Co Ltd, (2) | 2,653,909 | ||||
714,832 | Italgas SpA, (2) | 4,417,006 | ||||
120,547 | Naturgy Energy Group SA, (2), (3) | 3,374,044 | ||||
9,843 | UGI Corp | 545,499 | ||||
Total Gas Utilities | 17,704,682 | |||||
IT Services – 0.8% | ||||||
43,166 | InterXion Holding NV, (3) | 2,880,467 | ||||
195,884 | NEXTDC Ltd, (2), (3) | 879,749 | ||||
Total IT Services | 3,760,216 | |||||
Media – 0.4% | ||||||
113,511 | Eutelsat Communications SA, (2) | 1,987,802 | ||||
Multi-Utilities – 8.3% | ||||||
46,841 | Ameren Corporation | 3,445,156 | ||||
34,877 | Brookfield Infrastructure Partners LP | 1,460,300 | ||||
124,248 | CMS Energy Corp | 6,900,734 | ||||
26,489 | Consolidated Edison Inc. | 2,246,532 | ||||
120,712 | Dominion Energy Inc. | 9,253,782 | ||||
63,690 | DTE Energy Co | 7,944,691 | ||||
68,797 | E.ON SE, (2) | 765,589 |
2
Shares | Description (1) | Value | ||||
Multi-Utilities (continued) | ||||||
175,372 | Engie SA, (2) | $2,615,295 | ||||
596,871 | Hera SpA, (2) | 2,160,061 | ||||
422,002 | Iren SpA, (2) | 1,077,327 | ||||
44,613 | National Grid PLC, Sponsored ADR | 2,491,190 | ||||
39,636 | REN - Redes Energeticas Nacionais SGPS SA, (2) | 113,105 | ||||
7,633 | Sempra Energy | 960,689 | ||||
6,829 | Unitil Corp | 369,927 | ||||
Total Multi-Utilities | 41,804,378 | |||||
Oil, Gas & Consumable Fuels – 16.1% | ||||||
62,864 | Cheniere Energy Inc., (3) | 4,297,383 | ||||
517,821 | Enbridge Inc. | 18,776,190 | ||||
44,493 | Energy Transfer LP | 683,857 | ||||
195,806 | Enterprise Products Partners LP | 5,697,955 | ||||
4,940 | Gibson Energy Inc. | 84,912 | ||||
637,540 | Kinder Morgan Inc/DE | 12,757,175 | ||||
42,382 | Koninklijke Vopak NV, (2) | 2,029,974 | ||||
124,792 | ONEOK Inc. | 8,715,473 | ||||
114,191 | Pembina Pipeline Corp | 4,194,737 | ||||
690,331 | Snam SpA, (2) | 3,551,153 | ||||
32,860 | Targa Resources Corp | 1,365,333 | ||||
105,534 | TransCanada Corp | 4,742,698 | ||||
147,649 | TransCanada Corp | 6,631,416 | ||||
262,625 | Williams Cos Inc/The | 7,542,590 | ||||
Total Oil, Gas & Consumable Fuels | 81,070,846 | |||||
Road & Rail – 3.9% | ||||||
129,374 | Aurizon Holdings Ltd, (2) | 418,264 | ||||
3,750 | Central Japan Railway Co, (2) | 871,674 | ||||
1,327,111 | ComfortDelGro Corp Ltd, (2) | 2,522,367 | ||||
64,820 | East Japan Railway Co, (WI/DD), (2) | 6,259,406 | ||||
19,408 | Genesee & Wyoming Inc., (3) | 1,691,213 | ||||
11,617 | Kansas City Southern | 1,347,340 | ||||
1,414 | MTR Corp Ltd, (2) | 8,761 | ||||
676,783 | Rumo SA, (3) | 3,310,149 | ||||
20,280 | Union Pacific Corporation | 3,390,816 | ||||
Total Road & Rail | 19,819,990 | |||||
Transportation Infrastructure – 27.6% | ||||||
136,119 | Aena SME SA, (2), (3) | 24,527,405 | ||||
44,526 | Aeroports de Paris, (2) | 8,614,807 | ||||
524,085 | Atlantia SpA, (2) | 13,591,568 |
3
Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
Transportation Infrastructure (continued) | ||||||
637,004 | Atlas Arteria Ltd, (2) | $3,270,383 | ||||
1,594,528 | Auckland International Airport Ltd, (2) | 8,845,806 | ||||
179,639 | CCR SA, (WI/DD) | 538,639 | ||||
393,207 | China Merchants Port Holdings Co Ltd, (2) | 838,574 | ||||
4,104 | COSCO SHIPPING Ports Ltd, (2) | 4,438 | ||||
534,728 | Enav SpA, (2) | 2,916,370 | ||||
82,701 | Flughafen Wien AG | 3,580,917 | ||||
20,887 | Flughafen Zurich AG, (2) | 3,811,881 | ||||
49,530 | Fraport AG Frankfurt Airport Services Worldwide, (2) | 3,799,685 | ||||
616,309 | Getlink SE, (2) | 9,345,860 | ||||
29,521 | Grupo Aeroportuario del Centro Norte SAB de CV, ADR | 1,331,102 | ||||
38,531 | Grupo Aeroportuario del Pacifico SAB de CV, ADR | 3,428,103 | ||||
25,124 | Grupo Aeroportuario del Sureste SAB de CV, ADR | 4,064,058 | ||||
37,872 | Hamburger Hafen und Logistik AG, (2) | 865,296 | ||||
491,372 | International Container Terminal Services Inc. | 1,223,049 | ||||
49,503 | Kamigumi Co Ltd, (WI/DD), (2) | 1,148,140 | ||||
41,749 | Macquarie Infrastructure Corp | 1,720,894 | ||||
660,593 | Port of Tauranga Ltd, (2) | 2,442,865 | ||||
38,548 | Promotora y Operadora de Infraestructura SAB de CV | 382,218 | ||||
69,889 | Promotora y Operadora de Infraestructura SAB de CV | 439,276 | ||||
93,321 | SATS Ltd, (2) | 352,658 | ||||
25,719 | Societa Iniziative Autostradali e Servizi SpA, (2) | 445,883 | ||||
1,653,476 | Sydney Airport, (2) | 8,728,427 | ||||
2,892,376 | Transurban Group, (2) | 27,127,871 | ||||
451,425 | Westports Holdings Bhd, (WI/DD), (2) | 416,146 | ||||
62,242 | Westshore Terminals Investment Corp | 932,454 | ||||
Total Transportation Infrastructure | 138,734,773 | |||||
Water Utilities – 0.8% | ||||||
1,696,654 | Aguas Andinas SA, (2) | 964,621 | ||||
10,739 | AquaVenture Holdings Ltd, (3) | 207,800 | ||||
175,015 | China Everbright Water Ltd | 45,199 | ||||
15,919 | Cia de Saneamento do Parana | 304,731 | ||||
1,098,938 | Guangdong Investment Ltd, (2) | 2,121,852 | ||||
18,861 | Severn Trent PLC, (2) | 485,745 | ||||
Total Water Utilities | 4,129,948 | |||||
Total Common Stocks (cost $367,893,358) | 469,839,672 |
4
Shares | Description (1) | Value | ||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 4.3% | ||||||
Health Care – 0.6% | ||||||
1,284,280 | Parkway Life Real Estate Investment Trust, (2) | $2,768,074 | ||||
Retail – 0.1% | ||||||
324,767 | Viva Energy REIT, (2) | 585,886 | ||||
Specialized – 3.6% | ||||||
20,852 | Crown Castle International Corp | 2,669,056 | ||||
64,565 | CyrusOne Inc. | 3,385,788 | ||||
33,280 | Digital Realty Trust Inc. | 3,960,320 | ||||
4,767 | Equinix Inc. | 2,160,214 | ||||
2,020,802 | Keppel DC REIT, (2) | 2,238,731 | ||||
34,708 | QTS Realty Trust Inc. | 1,561,513 | ||||
10,733 | SBA Communications Corp, (3) | 2,142,951 | ||||
Total Specialized | 18,118,573 | |||||
Total Real Estate Investment Trust Common Stocks (cost $18,112,650) | 21,472,533 |
Shares | Description (1), (4) | Value | ||||
INVESTMENT COMPANIES – 0.3% | ||||||
236,229 | 3i Infrastructure PLC | $847,499 | ||||
2,180,449 | Keppel Infrastructure Trust | 748,634 | ||||
Total Investment Companies (cost $1,463,400) | 1,596,133 | |||||
Total Long-Term Investments (cost $387,469,408) | 492,908,338 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.7% | ||||||
REPURCHASE AGREEMENTS – 2.7% | ||||||
$13,607 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/29/19, repurchase price $13,608,425, collateralized by $13,635,000 U.S. Treasury Notes, 2.625%, due 2/28/23, value $13,882,012 | 1.200% | 4/01/19 | $13,607,064 | ||
Total Short-Term Investments (cost $13,607,064) | 13,607,064 | |||||
Total Investments (cost $401,076,472) – 100.6% | 506,515,402 | |||||
Other Assets Less Liabilities – (0.6)% | (2,928,542) | |||||
Net Assets – 100% | $503,586,860 |
5
Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
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
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. A three-tier hierarchy
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 the
reporting entity’s own 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 inputs or methodologies used for
valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $242,852,526 | $226,987,146 | $ — | $469,839,672 |
Real Estate Investment Trust Common Stocks | 15,879,842 | 5,592,691 | — | 21,472,533 |
Investment Companies | 1,596,133 | — | — | 1,596,133 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 13,607,064 | — | 13,607,064 |
Total | $260,328,501 | $246,186,901 | $ — | $506,515,402 |
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) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov. | |
ADR | American Depositary Receipt | |
REIT | Real Estate Investment Trust | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
6
Nuveen Real Asset Income Fund
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 96.2% | ||||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 24.7% | ||||||
Diversified – 3.3% | ||||||
326,700 | Abacus Property Group, (2) | $863,791 | ||||
136,390 | AEW UK REIT PLC, (2) | 163,785 | ||||
539,298 | Armada Hoffler Properties Inc. | 8,407,656 | ||||
30,022 | Cofinimmo SA | 3,987,379 | ||||
6,881,630 | Cromwell European Real Estate Investment Trust | 3,782,541 | ||||
465,630 | Dream Global Real Estate Investment Trust | 4,937,312 | ||||
355,845 | Growthpoint Properties Australia Ltd, (2) | 1,048,985 | ||||
95,091 | ICADE | 8,042,794 | ||||
72,707 | Lexington Realty Trust | 658,725 | ||||
2,010,776 | Nexus Real Estate Investment Trust | 3,024,402 | ||||
5,926 | Star Asia Investment Corp, (2) | 5,848,061 | ||||
1,419,820 | Stride Property Group, (2) | 1,953,696 | ||||
1,003,503 | Sunlight Real Estate Investment Trust | 750,395 | ||||
495,220 | Suntec Real Estate Investment Trust, (2) | 713,552 | ||||
806,233 | Tritax EuroBox PLC, (2) | 1,020,668 | ||||
1,660,416 | VEREIT Inc. | 13,897,682 | ||||
50,154 | WP Carey Inc. | 3,928,563 | ||||
Total Diversified | 63,029,987 | |||||
Health Care – 5.5% | ||||||
2,337,026 | Assura PLC | 1,747,175 | ||||
311,399 | HCP Inc. | 9,746,789 | ||||
34,268 | LTC Properties Inc. | 1,569,474 | ||||
379,386 | MedEquities Realty Trust Inc. | 4,222,566 | ||||
634,447 | Medical Properties Trust Inc. | 11,743,614 | ||||
2,039 | National Health Investors Inc. | 160,163 | ||||
985,586 | NorthWest Healthcare Properties Real Estate Investment Trust | 8,599,493 | ||||
196,810 | Omega Healthcare Investors Inc. | 7,508,301 | ||||
3,593,077 | Parkway Life Real Estate Investment Trust, (2) | 7,744,341 | ||||
6,581 | Physicians Realty Trust | 123,789 | ||||
4,032,231 | Target Healthcare REIT Ltd | 6,039,545 | ||||
547,654 | Ventas Inc. | 34,945,802 |
7
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
Health Care (continued) | ||||||
128,887 | Welltower Inc. | $10,001,631 | ||||
Total Health Care | 104,152,683 | |||||
Hotels – 1.1% | ||||||
2,594,249 | Concentradora Fibra Hotelera Mexicana SA de CV,144A | 1,269,709 | ||||
150 | Hersha Hospitality Trust | 2,571 | ||||
620,554 | MGM Growth Properties LLC, Class A | 20,012,867 | ||||
4,631 | Ryman Hospitality Properties Inc. | 380,853 | ||||
Total Hotels | 21,666,000 | |||||
Industrial – 4.2% | ||||||
865,817 | Centuria Industrial REIT, (2) | 1,852,123 | ||||
573,336 | Dream Industrial Real Estate Investment Trust | 5,118,344 | ||||
16,859,079 | Frasers Logistics & Industrial Trust, (2) | 14,439,719 | ||||
635,567 | Macquarie Mexico Real Estate Management SA de CV,144A | 693,843 | ||||
2,300,105 | Mapletree Industrial Trust, (2) | 3,566,625 | ||||
11,043,051 | Mapletree Logistics Trust, (2) | 11,905,285 | ||||
1,504,797 | PLA Administradora Industrial S de RL de CV | 2,305,620 | ||||
609,443 | STAG Industrial Inc. | 18,069,985 | ||||
1,013,045 | Summit Industrial Income REIT | 9,119,565 | ||||
1,718,022 | Warehouse Reit PLC, (2) | 2,304,766 | ||||
724,469 | WPT Industrial Real Estate Investment Trust | 10,084,608 | ||||
Total Industrial | 79,460,483 | |||||
Mortgage – 1.5% | ||||||
252,071 | Blackstone Mortgage Trust Inc. | 8,711,574 | ||||
220,664 | KKR Real Estate Finance Trust Inc. | 4,417,693 | ||||
332,631 | Starwood Property Trust Inc. | 7,434,303 | ||||
443,511 | TPG RE Finance Trust Inc. | 8,692,816 | ||||
Total Mortgage | 29,256,386 | |||||
Office – 2.0% | ||||||
980,168 | CapitaLand Commercial Trust, (2) | 1,404,327 | ||||
1,460,571 | Centuria Metropolitan REIT | 2,592,695 | ||||
320,907 | City Office REIT Inc. | 3,629,458 | ||||
87,508 | Covivio | 9,286,137 | ||||
392,509 | Easterly Government Properties Inc. | 7,069,087 | ||||
613,980 | GDI Property Group | 605,979 | ||||
161,902 | Intervest Offices & Warehouses NV | 4,367,807 | ||||
120,504 | NSI NV | 5,116,389 | ||||
413,420 | Slate Office REIT | 1,890,221 |
8
Shares | Description (1) | Value | ||||
Office (continued) | ||||||
269,050 | True North Commercial Real Estate Investment Trust | $1,338,858 | ||||
Total Office | 37,300,958 | |||||
Residential – 0.4% | ||||||
444,661 | Independence Realty Trust Inc. | 4,797,892 | ||||
21,811 | Investors Real Estate Trust | 1,306,697 | ||||
34,122 | Northview Apartment Real Estate Investment Trust | 740,989 | ||||
Total Residential | 6,845,578 | |||||
Retail – 4.3% | ||||||
10,631 | Altarea SCA | 2,191,875 | ||||
216,510 | Brixmor Property Group Inc. | 3,977,289 | ||||
396,493 | Brookfield Property REIT Inc. | 8,124,141 | ||||
599,102 | CT Real Estate Investment Trust | 6,437,763 | ||||
9,220,210 | Fortune Real Estate Investment Trust, (2) | 12,147,610 | ||||
4,684,006 | Frasers Centrepoint Trust | 8,225,740 | ||||
10,536,055 | IGB Real Estate Investment Trust | 4,774,452 | ||||
133,391 | Immobiliare Grande Distribuzione SIIQ SpA | 963,626 | ||||
247 | Kenedix Retail REIT Corp, (2) | 602,676 | ||||
41,379 | Macerich Co/The | 1,793,780 | ||||
2,431,689 | Mapletree Commercial Trust, (2) | 3,392,508 | ||||
1,420,699 | NewRiver REIT PLC, (2) | 4,418,283 | ||||
243 | Plaza Retail REIT | 753 | ||||
87,553 | Retail Properties of America Inc. | 1,067,271 | ||||
2,028,142 | Scentre Group, (2) | 5,920,333 | ||||
351,409 | SITE Centers Corporation | 4,786,191 | ||||
62,948 | Urstadt Biddle Properties Inc. | 1,299,247 | ||||
1,268,619 | Vicinity Centres, (2) | 2,342,332 | ||||
5,022,856 | Viva Energy REIT, (2) | 9,061,325 | ||||
Total Retail | 81,527,195 | |||||
Specialized – 2.4% | ||||||
546,566 | Automotive Properties Real Estate Investment Trust | 4,409,011 | ||||
8,582 | CoreSite Realty Corp | 918,446 | ||||
50,911 | Gaming and Leisure Properties Inc. | 1,963,637 | ||||
351,289 | Iron Mountain Inc. | 12,456,708 | ||||
8,896,094 | Keppel DC REIT, (2) | 9,855,474 | ||||
1,388,544 | National Storage REIT | 1,740,176 | ||||
648,904 | VICI Properties Inc. | 14,198,019 | ||||
Total Specialized | 45,541,471 | |||||
Total Real Estate Investment Trust Common Stocks (cost $417,630,416) | 468,780,741 |
9
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
COMMON STOCKS – 16.9% | ||||||
Air Freight & Logistics – 0.5% | ||||||
186,977 | bpost SA, (2) | $2,017,294 | ||||
192,026 | Oesterreichische Post AG, (2) | 8,126,274 | ||||
Total Air Freight & Logistics | 10,143,568 | |||||
Commercial Services & Supplies – 0.2% | ||||||
271,930 | Covanta Holding Corp | 4,707,108 | ||||
Diversified Telecommunication Services – 1.1% | ||||||
2,823,998 | HKBN Ltd, (2) | 4,500,227 | ||||
2,637,100 | HKT Trust & HKT Ltd | 4,239,543 | ||||
18,166,478 | NetLink NBN Trust | 11,125,753 | ||||
Total Diversified Telecommunication Services | 19,865,523 | |||||
Electric Utilities – 5.0% | ||||||
6,970,518 | AusNet Services, (2) | 8,790,091 | ||||
26,449 | Cia de Transmissao de Energia Eletrica Paulista | 521,097 | ||||
2,234,159 | Contact Energy Ltd, (2) | 10,571,690 | ||||
35,539 | Endesa SA, (2), (3) | 906,970 | ||||
527,423 | Enel Chile SA, ADR | 2,732,051 | ||||
2,166,057 | Enel SpA, (2) | 13,879,670 | ||||
2,319,105 | Infratil Ltd, (2) | 6,587,527 | ||||
677,099 | Mercury NZ Ltd, (2) | 1,799,039 | ||||
1,824,077 | Power Assets Holdings Ltd, (2) | 12,655,334 | ||||
49,590 | PPL Corp | 1,573,987 | ||||
229,790 | Southern Company | 11,875,547 | ||||
8,486,123 | Spark Infrastructure Group, (2) | 13,751,609 | ||||
97,588 | SSE PLC, (2) | 1,509,863 | ||||
201,208 | Terna Rete Elettrica Nazionale SpA, (2) | 1,277,030 | ||||
963,858 | Transmissora Alianca de Energia Eletrica SA | 6,105,119 | ||||
Total Electric Utilities | 94,536,624 | |||||
Gas Utilities – 0.6% | ||||||
406,236 | Naturgy Energy Group SA, (2), (3) | 11,370,323 | ||||
Health Care Providers & Services – 0.1% | ||||||
147,460 | Sienna Senior Living Inc. | 2,088,837 | ||||
Independent Power & Renewable Electricity Producers – 0.6% | ||||||
87,305 | Brookfield Renewable Partners LP | 2,783,098 | ||||
3,278 | Canadian Solar Infrastructure Fund Inc., (2) | 2,974,275 | ||||
2,028,260 | Meridian Energy Ltd, (2) | 5,786,140 | ||||
Total Independent Power & Renewable Electricity Producers | 11,543,513 |
10
Shares | Description (1) | Value | ||||
Industrial Conglomerates – 0.1% | ||||||
504,484 | Hopewell Holdings Ltd, (2) | $2,482,152 | ||||
Media – 0.5% | ||||||
487,281 | Eutelsat Communications SA, (2) | 8,533,253 | ||||
Multi-Utilities – 2.2% | ||||||
85,929 | Brookfield Infrastructure Partners LP | 3,597,847 | ||||
70,821 | Dominion Energy Inc. | 5,429,138 | ||||
880,908 | Engie SA, (2) | 13,136,842 | ||||
81,218 | National Grid PLC, Sponsored ADR | 4,535,213 | ||||
2,697,455 | REN - Redes Energeticas Nacionais SGPS SA, (2) | 7,697,471 | ||||
2,912,518 | Vector Ltd, (2) | 7,103,676 | ||||
Total Multi-Utilities | 41,500,187 | |||||
Oil, Gas & Consumable Fuels – 3.7% | ||||||
117,864 | Enagas SA, (2) | 3,431,307 | ||||
446,151 | Enbridge Inc. | 16,177,435 | ||||
169,384 | Energy Transfer LP | 2,603,432 | ||||
561,263 | Enterprise Products Partners LP | 16,332,753 | ||||
92,726 | Equitrans Midstream Corp | 2,019,572 | ||||
15,321 | Gibson Energy Inc. | 263,347 | ||||
1,347 | Magellan Midstream Partners LP | 81,669 | ||||
94,874 | MPLX LP | 3,120,406 | ||||
73,484 | ONEOK Inc. | 5,132,123 | ||||
6,281 | Pembina Pipeline Corp | 230,729 | ||||
3,212,011 | Snam SpA, (2) | 16,523,007 | ||||
88,903 | Targa Resources Corp | 3,693,920 | ||||
9,992 | Williams Cos Inc/The | 286,970 | ||||
Total Oil, Gas & Consumable Fuels | 69,896,670 | |||||
Real Estate Management & Development – 0.5% | ||||||
352,613 | Atrium European Real Estate Ltd, (2) | 1,318,060 | ||||
671,192 | Corp Inmobiliaria Vesta SAB de CV | 968,219 | ||||
418,525 | Dios Fastigheter AB, (2) | 3,438,027 | ||||
5,596,023 | Sirius Real Estate Ltd | 4,620,934 | ||||
Total Real Estate Management & Development | 10,345,240 | |||||
Road & Rail – 0.3% | ||||||
1,021,311 | Aurizon Holdings Ltd, (2) | 3,301,879 | ||||
1,479,324 | ComfortDelGro Corp Ltd, (2) | 2,811,670 | ||||
Total Road & Rail | 6,113,549 | |||||
Transportation Infrastructure – 1.0% | ||||||
127,969 | Atlantia SpA, (2) | 3,318,735 |
11
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
Transportation Infrastructure (continued) | ||||||
562,698 | CCR SA | $1,687,224 | ||||
20,704 | Grupo Aeroportuario del Pacifico SAB de CV, ADR | 1,842,035 | ||||
111,144 | Macquarie Infrastructure Corp | 4,581,356 | ||||
1,336,144 | Sydney Airport, (2) | 7,053,284 | ||||
Total Transportation Infrastructure | 18,482,634 | |||||
Water Utilities – 0.5% | ||||||
1,469,541 | Aguas Andinas SA, (2) | 835,498 | ||||
19,039 | Cia de Saneamento do Parana | 364,456 | ||||
3,002,177 | Inversiones Aguas Metropolitanas SA, (2) | 4,588,580 | ||||
292,617 | United Utilities Group PLC, (2) | 3,107,786 | ||||
Total Water Utilities | 8,896,320 | |||||
Total Common Stocks (cost $291,801,072) | 320,505,501 |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||
$25 PAR (OR SIMILAR) RETAIL PREFERRED – 16.4% | ||||||
Electric Utilities – 2.5% | ||||||
185,277 | Entergy Arkansas LLC | 4.875% | A | $4,594,870 | ||
72,517 | Entergy Louisiana LLC | 4.875% | A | 1,815,100 | ||
291,263 | Georgia Power Co | 5.000% | BBB | 7,299,051 | ||
343,355 | Integrys Holding Inc., (2) | 6.000% | BBB | 8,927,230 | ||
69,117 | NextEra Energy Capital Holdings Inc. | 5.000% | BBB | 1,699,587 | ||
224,105 | NextEra Energy Capital Holdings Inc. | 5.250% | BBB | 5,636,241 | ||
116,847 | NextEra Energy Capital Holdings Inc. | 5.650% | BBB | 2,964,408 | ||
309,704 | Southern Co/The | 5.250% | BBB | 7,770,473 | ||
238,175 | Southern Co/The | 5.250% | BBB | 5,935,321 | ||
Total Electric Utilities | 46,642,281 | |||||
Equity Real Estate Investment Trust – 9.5% | ||||||
82,787 | American Homes 4 Rent | 6.500% | BB | 2,193,856 | ||
231,322 | American Homes 4 Rent | 6.350% | BB | 6,037,504 | ||
198,649 | American Homes 4 Rent | 5.875% | BB | 4,896,698 | ||
191,392 | American Homes 4 Rent | 5.875% | BB | 4,756,091 | ||
149,779 | Brookfield Property REIT Inc. | 6.375% | N/R | 3,789,409 | ||
268,200 | CBL & Associates Properties Inc. | 7.375% | B | 2,604,222 | ||
66,158 | Cedar Realty Trust Inc. | 7.250% | N/R | 1,621,533 | ||
242,638 | Cedar Realty Trust Inc. | 6.500% | N/R | 5,156,058 | ||
235,858 | City Office REIT Inc. | 6.625% | N/R | 5,872,864 | ||
50,966 | Colony Capital Inc. | 7.500% | N/R | 1,158,967 | ||
132,198 | Colony Capital Inc. | 7.125% | N/R | 2,998,251 | ||
10,192 | Colony Capital Inc. | 7.150% | N/R | 230,645 | ||
197,332 | Colony Capital Inc. | 7.125% | N/R | 4,359,064 |
12
Shares | Description (1) | Coupon | Ratings (4) | Value | ||
Equity Real Estate Investment Trust (continued) | ||||||
150,902 | Digital Realty Trust Inc. | 5.250% | Baa3 | $3,573,359 | ||
213,656 | Digital Realty Trust Inc. | 5.850% | Baa3 | 5,347,810 | ||
192,498 | EPR Properties | 5.750% | Baa3 | 4,577,602 | ||
37,535 | Gladstone Commercial Corp | 7.000% | N/R | 967,277 | ||
140,863 | Hersha Hospitality Trust | 6.875% | N/R | 3,401,841 | ||
381,789 | Hersha Hospitality Trust | 6.500% | N/R | 8,739,150 | ||
271,650 | Hersha Hospitality Trust | 6.500% | N/R | 6,487,002 | ||
346,064 | Investors Real Estate Trust | 6.625% | N/R | 8,582,387 | ||
147,987 | Kimco Realty Corp | 5.250% | Baa2 | 3,448,097 | ||
4,655 | Mid-America Apartment Communities Inc. | 8.500% | BBB- | 286,283 | ||
300,876 | Monmouth Real Estate Investment Corp | 6.125% | N/R | 7,218,015 | ||
82,628 | National Retail Properties Inc. | 5.200% | Baa2 | 2,003,729 | ||
288,437 | Pebblebrook Hotel Trust | 6.500% | N/R | 7,424,368 | ||
223,453 | Pebblebrook Hotel Trust | 6.375% | N/R | 5,865,641 | ||
214,974 | Pebblebrook Hotel Trust | 6.300% | N/R | 5,352,853 | ||
63,517 | Pennsylvania Real Estate Investment Trust | 6.875% | N/R | 1,353,547 | ||
125,669 | PS Business Parks Inc. | 5.250% | BBB | 3,078,891 | ||
166,119 | PS Business Parks Inc. | 5.200% | Baa2 | 3,943,665 | ||
157,767 | Public Storage | 5.600% | A3 | 4,060,923 | ||
830 | Rexford Industrial Realty Inc. | 5.875% | BB+ | 20,443 | ||
81,295 | Saul Centers Inc. | 6.125% | N/R | 1,955,145 | ||
193,610 | SITE Centers Corp | 6.375% | BB+ | 4,927,375 | ||
87,707 | STAG Industrial Inc. | 6.875% | BB+ | 2,317,219 | ||
99,545 | Summit Hotel Properties Inc. | 6.450% | N/R | 2,449,802 | ||
303,814 | Summit Hotel Properties Inc. | 6.250% | N/R | 7,060,637 | ||
48,537 | Sunstone Hotel Investors Inc. | 6.950% | N/R | 1,295,938 | ||
226,193 | Sunstone Hotel Investors Inc. | 6.450% | N/R | 5,774,707 | ||
140,434 | UMH Properties Inc. | 8.000% | N/R | 3,642,858 | ||
228,977 | UMH Properties Inc. | 6.750% | N/R | 5,859,521 | ||
90,100 | Urstadt Biddle Properties Inc. | 6.750% | N/R | 2,323,679 | ||
135,987 | Urstadt Biddle Properties Inc. | 6.250% | N/R | 3,577,818 | ||
356,032 | Vornado Realty Trust | 5.250% | BBB- | 8,348,950 | ||
Total Equity Real Estate Investment Trust | 180,941,694 | |||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||||
146,449 | Brookfield Renewable Partners LP | 5.750% | BBB- | 2,775,885 | ||
Multi-Utilities – 2.8% | ||||||
277,440 | Brookfield Infrastructure Partners LP | 5.350% | BBB- | 5,190,257 | ||
140,457 | CMS Energy Corp | 5.875% | Baa2 | 3,616,768 | ||
463,601 | Dominion Energy Inc. | 5.250% | BBB- | 11,705,925 |
13
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Coupon | Ratings (4) | Value | ||
Multi-Utilities (continued) | ||||||
154,307 | DTE Energy Co | 5.250% | Baa2 | $3,937,915 | ||
297,055 | DTE Energy Co | 5.375% | Baa2 | 7,462,021 | ||
222,266 | DTE Energy Co | 6.000% | Baa2 | 6,074,530 | ||
148,730 | DTE Energy Co | 5.250% | Baa2 | 3,724,199 | ||
248,000 | Duke Energy Corp, (2) | 5.750% | BBB | 6,316,560 | ||
198,988 | NiSource Inc. | 6.500% | BBB- | 5,243,334 | ||
Total Multi-Utilities | 53,271,509 | |||||
Oil, Gas & Consumable Fuels – 0.8% | ||||||
153,214 | NGL Energy Partners LP | 9.000% | N/R | 3,680,200 | ||
259,577 | NuStar Energy LP | 8.500% | B1 | 6,167,550 | ||
112,440 | NuStar Energy LP | 7.625% | B1 | 2,392,723 | ||
122,066 | Pembina Pipeline Corp | 5.750% | BB+ | 2,369,433 | ||
Total Oil, Gas & Consumable Fuels | 14,609,906 | |||||
Real Estate Management & Development – 0.7% | ||||||
305,387 | Brookfield Property Partners LP | 6.500% | BB+ | 7,582,759 | ||
219,989 | Landmark Infrastructure Partners LP | 7.900% | N/R | 5,499,725 | ||
Total Real Estate Management & Development | 13,082,484 | |||||
Total $25 Par (or similar) Retail Preferred (cost $315,978,065) | 311,323,759 |
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 16.3% | ||||||
Diversified Financial Services – 0.8% | ||||||
$2,460 | National Rural Utilities Cooperative Finance Corp | 5.250% | 4/20/46 | A3 | $2,469,406 | |
12,182 | Transcanada Trust | 5.625% | 5/20/75 | Baa2 | 11,910,341 | |
Total Diversified Financial Services | 14,379,747 | |||||
Electric Utilities – 5.4% | ||||||
5,175 | AES Gener SA, 144A | 7.125% | 3/26/79 | BB | 5,291,438 | |
5,850 | AusNet Services Holdings Pty Ltd, Reg S | 5.750% | 3/17/76 | BBB | 6,040,979 | |
2,640 | ComEd Financing III | 6.350% | 3/15/33 | Baa2 | 2,697,420 | |
3,500 GBP | Electricite de France SA. Reg S | 5.875% | N/A (6) | BBB | 4,556,294 | |
14,640 | Emera Inc. | 6.750% | 6/15/76 | BBB- | 15,628,200 | |
9,096 | EnBW Energie Baden-Wuerttemberg AG, Reg S | 5.125% | 4/05/77 | Baa2 | 9,353,471 | |
10,125 | Enel SpA, 144A | 8.750% | 9/24/73 | BBB | 11,099,025 | |
17,351 | NextEra Energy Capital Holdings Inc, (3-Month LIBOR reference rate + 2.125% spread), (7) | 4.736% | 6/15/67 | BBB | 15,138,748 | |
8,954 | NextEra Energy Capital Holdings Inc., (3-Month LIBOR reference rate + 2.068% spread), (7) | 4.659% | 10/01/66 | BBB | 7,789,980 | |
11,255 | NextEra Energy Capital Holdings Inc. | 4.800% | 12/01/77 | BBB | 10,069,414 | |
9,964 | PPL Capital Funding Inc., (3-Month LIBOR reference rate + 2.665% spread), (7) | 5.266% | 3/30/67 | BBB | 9,141,970 |
14
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
Electric Utilities (continued) | ||||||
$3,105 | Southern Co/The | 5.500% | 3/15/57 | BBB | $3,164,130 | |
2,810 | SSE PLC, Reg S | 4.750% | 9/16/77 | BBB- | 2,725,700 | |
Total Electric Utilities | 102,696,769 | |||||
Equity Real Estate Investment Trust – 0.2% | ||||||
3,500 SGD | Cache Logistics Trust, Reg S | 5.500% | N/A (6) | N/R | 2,545,696 | |
Gas Utilities – 0.1% | ||||||
2,507 | SK E&S Co Ltd, 144A | 4.875% | N/A (6) | BB+ | 2,488,197 | |
Marine – 0.3% | ||||||
2,950 | Royal Capital BV, Reg S | 4.875% | N/A (6) | N/R | 2,865,925 | |
3,295 | Royal Capital BV, Reg S | 5.500% | N/A (6) | N/R | 3,339,565 | |
Total Marine | 6,205,490 | |||||
Multi-Utilities – 2.2% | ||||||
10,470 | CenterPoint Energy Inc. | 6.125% | N/A (6) | BBB- | 10,640,137 | |
4,705 | Dominion Energy Inc., (3-Month LIBOR reference rate + 2.825% spread), (7) | 5.417% | 6/30/66 | BBB- | 4,469,750 | |
2,210 | Dominion Energy Inc., (3-Month LIBOR reference rate + 2.300% spread), (7) | 4.901% | 9/30/66 | BBB- | 2,033,200 | |
2,340 | NiSource Inc. | 5.650% | N/A (6) | BBB- | 2,281,500 | |
6,700 | RWE AG, Reg S | 6.625% | 7/30/75 | BB+ | 7,119,320 | |
16,555 | WEC Energy Group Inc, (3-Month LIBOR reference rate + 2.113% spread), (7) | 4.796% | 5/15/67 | BBB | 14,651,175 | |
Total Multi-Utilities | 41,195,082 | |||||
Oil, Gas & Consumable Fuels – 6.1% | ||||||
5,490 | Buckeye Partners LP | 6.375% | 1/22/78 | Ba1 | 4,872,375 | |
16,037 | Enbridge Inc. | 6.000% | 1/15/77 | BBB- | 15,916,722 | |
17,309 | Enbridge Inc. | 5.500% | 7/15/77 | BBB- | 16,357,005 | |
6,087 | Enbridge Inc. | 6.250% | 3/01/78 | BBB- | 6,044,391 | |
13,786 | Energy Transfer Operating LP, (3-Month LIBOR reference rate + 3.018% spread), (7) | 5.597% | 11/01/66 | Ba1 | 11,166,660 | |
2,189 | Energy Transfer Operating LP | 6.250% | N/A (6) | BB | 2,068,605 | |
13,820 | Enterprise Products Operating LLC, (3-Month LIBOR reference rate + 2.778% spread), (7) | 5.404% | 6/01/67 | Baa2 | 12,748,950 | |
4,826 | Enterprise Products Operating LLC | 4.875% | 8/16/77 | Baa2 | 4,459,948 | |
9,470 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | Baa2 | 8,759,750 | |
9,735 | Plains All American Pipeline LP | 6.125% | N/A (6) | BB | 9,126,563 | |
15,145 | TransCanada PipeLines Ltd, (3-Month LIBOR reference rate + 2.210% spread ), (7) | 4.894% | 5/15/67 | Baa1 | 12,653,647 | |
8,190 | Transcanada Trust | 5.875% | 8/15/76 | Baa2 | 8,309,165 | |
2,835 | Transcanada Trust | 5.300% | 3/15/77 | Baa2 | 2,650,725 | |
Total Oil, Gas & Consumable Fuels | 115,134,506 | |||||
Real Estate Management & Development – 1.0% | ||||||
13,500 | AT Securities BV, Reg S | 5.250% | N/A (6) | BBB- | 12,799,431 |
15
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
Real Estate Management & Development (continued) | ||||||
$3,000 EUR | CPI Property Group SA, Reg S | 4.375% | N/A (6) | BB+ | $3,311,071 | |
4,750 SGD | Frasers Property Treasury Pte Ltd, Reg S | 3.950% | N/A (6) | N/R | 3,353,477 | |
Total Real Estate Management & Development | 19,463,979 | |||||
Road & Rail – 0.2% | ||||||
3,730 | BNSF Funding Trust I | 6.613% | 12/15/55 | A | 4,028,400 | |
Total $1,000 Par (or similar) Institutional Preferred (cost $322,697,953) | 308,137,866 |
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
CORPORATE BONDS – 14.0% | ||||||
Commercial Services & Supplies – 1.3% | ||||||
$1,500 | Atento Luxco 1 SA, 144A | 6.125% | 8/10/22 | BB | $1,490,265 | |
6,716 | Covanta Holding Corp | 5.875% | 7/01/25 | B1 | 6,833,530 | |
2,500 EUR | DSV Miljoe Group AS, Reg S | 5.900% | 5/10/21 | N/R | 2,870,677 | |
5,970 | Hulk Finance Corp, 144A | 7.000% | 6/01/26 | CCC+ | 5,656,575 | |
4,559 | Tervita Escrow Corp, 144A | 7.625% | 12/01/21 | B+ | 4,524,807 | |
3,525 | Waste Pro USA Inc., 144A | 5.500% | 2/15/26 | B+ | 3,392,813 | |
Total Commercial Services & Supplies | 24,768,667 | |||||
Communications Equipment – 0.1% | ||||||
600 | IHS Netherlands Holdco BV, 144A | 9.500% | 10/27/21 | B+ | 620,069 | |
780 | ViaSat Inc., 144A | 5.625% | 9/15/25 | B | 746,850 | |
850 | ViaSat Inc., 144A | 5.625% | 4/15/27 | BB+ | 864,968 | |
Total Communications Equipment | 2,231,887 | |||||
Construction & Engineering – 0.1% | ||||||
1,900 | International Airport Finance SA, 144A | 12.000% | 3/15/33 | B | 2,025,400 | |
Diversified Financial Services – 0.4% | ||||||
1,080 | Avolon Holdings Funding Ltd, 144A | 5.250% | 5/15/24 | BB+ | 1,112,400 | |
1,288 | Cometa Energia SA de CV, 144A | 6.375% | 4/24/35 | BBB | 1,263,562 | |
1,240 | Park Aerospace Holdings Ltd, 144A | 5.500% | 2/15/24 | BB+ | 1,286,500 | |
17,405 BRL | Swiss Insured Brazil Power Finance Sarl, 144A | 9.850% | 7/16/32 | AAA | 4,623,137 | |
Total Diversified Financial Services | 8,285,599 | |||||
Diversified Telecommunication Services – 0.2% | ||||||
2,500 | CenturyLink Inc. | 6.450% | 6/15/21 | BB | 2,603,125 | |
1,500 | Equinix Inc. | 5.875% | 1/15/26 | BBB- | 1,580,175 | |
Total Diversified Telecommunication Services | 4,183,300 | |||||
Electric Utilities – 1.3% | ||||||
1,810 | Acwa Power Management And Investments One Ltd, 144A | 5.950% | 12/15/39 | BBB- | 1,823,575 | |
1,200 | Enel Americas SA | 4.000% | 10/25/26 | BBB+ | 1,182,060 |
16
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
Electric Utilities (continued) | ||||||
$4,755 | Instituto Costarricense de Electricidad, 144A | 6.950% | 11/10/21 | B1 | $4,713,394 | |
1,500 | Kallpa Generacion SA, 144A | 4.125% | 8/16/27 | Baa3 | 1,481,250 | |
1,700 | Lamar Funding Ltd, 144A | 3.958% | 5/07/25 | Ba1 | 1,470,500 | |
1,500 | Listrindo Capital BV, 144A | 4.950% | 9/14/26 | BB | 1,451,250 | |
1,300 | LLPL Capital Pte Ltd, 144A | 6.875% | 2/04/39 | Baa3 | 1,406,028 | |
850 | Minejesa Capital BV, 144A | 4.625% | 8/10/30 | Baa3 | 824,375 | |
600 | Pampa Energia SA, 144A | 7.500% | 1/24/27 | B | 529,620 | |
5,094 | Terraform Global Operating LLC, 144A | 6.125% | 3/01/26 | BB- | 4,966,650 | |
3,575 | Vistra Operations Co LLC, 144A | 5.625% | 2/15/27 | BB | 3,713,531 | |
Total Electric Utilities | 23,562,233 | |||||
Electronic Equipment, Instruments & Components – 0.2% | ||||||
4,025 | Advanced Disposal Services Inc., 144A | 5.625% | 11/15/24 | B | 4,105,500 | |
Energy Equipment & Services – 0.4% | ||||||
695 | Archrock Partners LP / Archrock Partners Finance Corp | 6.000% | 10/01/22 | B+ | 700,213 | |
4,150 | Archrock Partners LP / Archrock Partners Finance Corp, 144A | 6.875% | 4/01/27 | B+ | 4,231,755 | |
2,250 | Transocean Poseidon Ltd, 144A | 6.875% | 2/01/27 | B+ | 2,340,000 | |
Total Energy Equipment & Services | 7,271,968 | |||||
Equity Real Estate Investment Trust – 0.9% | ||||||
2,500 | CoreCivic Inc | 4.750% | 10/15/27 | Ba1 | 2,126,575 | |
2,110 | CyrusOne LP / CyrusOne Finance Corp | 5.375% | 3/15/27 | BBB- | 2,183,217 | |
2,000 | GEO Group Inc/The | 6.000% | 4/15/26 | B+ | 1,680,000 | |
2,335 | Iron Mountain Inc., 144A | 5.250% | 3/15/28 | BB- | 2,264,950 | |
3,165 | iStar Inc. | 4.625% | 9/15/20 | BB | 3,200,606 | |
2,615 | Sabra Health Care LP | 5.125% | 8/15/26 | BBB- | 2,561,778 | |
2,490 | SBA Communications Corp | 4.875% | 9/01/24 | BB- | 2,515,647 | |
Total Equity Real Estate Investment Trust | 16,532,773 | |||||
Gas Utilities – 1.3% | ||||||
4,015 | AmeriGas Partners LP / AmeriGas Finance Corp | 5.750% | 5/20/27 | BB | 3,964,812 | |
3,000 | EnLink Midstream Partners LP | 4.850% | 7/15/26 | BBB- | 2,977,500 | |
1,700 | KazTransGas JSC, 144A | 4.375% | 9/26/27 | Baa3 | 1,647,997 | |
2,100 | LBC Tank Terminals Holding Netherlands BV, 144A | 6.875% | 5/15/23 | B | 1,984,500 | |
4,570 | National Gas Co of Trinidad & Tobago Ltd, 144A | 6.050% | 1/15/36 | BBB | 4,478,600 | |
4,510 | NGL Energy Partners LP / NGL Energy Finance Corp | 6.125% | 3/01/25 | B+ | 4,352,150 | |
2,795 | Rockpoint Gas Storage Canada Ltd, 144A | 7.000% | 3/31/23 | BB- | 2,770,544 | |
2,915 | Suburban Propane Partners LP/Suburban Energy Finance Corp | 5.875% | 3/01/27 | BB- | 2,761,963 | |
Total Gas Utilities | 24,938,066 | |||||
Health Care Providers & Services – 1.0% | ||||||
1,660 | CHS/Community Health Systems Inc. | 6.250% | 3/31/23 | BB | 1,558,325 |
17
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
Health Care Providers & Services (continued) | ||||||
$2,330 | CHS/Community Health Systems Inc., 144A | 8.000% | 3/15/26 | B | $2,229,344 | |
4,450 | Encompass Health Corp | 5.750% | 9/15/25 | B+ | 4,522,313 | |
200 | HCA Inc. | 5.625% | 9/01/28 | Ba2 | 211,500 | |
4,250 | HCA Inc. | 5.875% | 2/01/29 | Ba2 | 4,579,162 | |
3,055 | MPT Operating Partnership LP / MPT Finance Corp | 5.000% | 10/15/27 | BBB- | 3,108,463 | |
1,500 | Tenet Healthcare Corp | 6.750% | 6/15/23 | B- | 1,545,000 | |
1,050 | Tenet Healthcare Corp | 6.875% | 11/15/31 | B- | 987,000 | |
Total Health Care Providers & Services | 18,741,107 | |||||
Hotels, Restaurants & Leisure – 0.2% | ||||||
1,500 | MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc., 144A | 5.750% | 2/01/27 | BB+ | 1,552,500 | |
1,695 | MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc. | 4.500% | 1/15/28 | BB+ | 1,593,300 | |
Total Hotels, Restaurants & Leisure | 3,145,800 | |||||
Household Durables – 0.2% | ||||||
2,400 | KB Home | 6.875% | 6/15/27 | BB- | 2,472,000 | |
1,600 | LGI Homes Inc., 144A | 6.875% | 7/15/26 | BB- | 1,596,000 | |
Total Household Durables | 4,068,000 | |||||
Independent Power & Renewable Electricity Producers – 0.5% | ||||||
1,685 | Azure Power Energy Ltd, 144A | 5.500% | 11/03/22 | Ba3 | 1,655,108 | |
3,000 | Calpine Corp, 144A | 5.250% | 6/01/26 | BB+ | 2,985,000 | |
1,815 | Cemig Geracao e Transmissao SA, 144A | 9.250% | 12/05/24 | B+ | 1,967,006 | |
1,750 | NTPC Ltd, Reg S | 4.500% | 3/19/28 | Baa2 | 1,779,067 | |
1,450 | Termocandelaria Power Ltd, 144A | 7.875% | 1/30/29 | BB+ | 1,529,765 | |
Total Independent Power & Renewable Electricity Producers | 9,915,946 | |||||
Internet Software & Services – 0.2% | ||||||
2,900 | Equinix Inc. | 5.375% | 5/15/27 | BBB- | 3,037,750 | |
Machinery – 0.3% | ||||||
4,425 | USA Compression Partners LP / USA Compression Finance Corp, 144A | 6.875% | 9/01/27 | BB- | 4,496,906 | |
Media – 0.4% | ||||||
2,275 | Altice France SA/France, 144A | 7.375% | 5/01/26 | B | 2,229,500 | |
600 | CSC Holdings LLC, 144A | 6.500% | 2/01/29 | BB | 638,625 | |
2,950 | Lamar Media Corp | 5.750% | 2/01/26 | BB | 3,082,750 | |
2,275 | Virgin Media Secured Finance PLC, 144A | 5.250% | 1/15/26 | BB+ | 2,289,219 | |
Total Media | 8,240,094 | |||||
Mortgage Real Estate Investment Trust – 0.1% | ||||||
1,720 | Starwood Property Trust Inc. | 4.750% | 3/15/25 | BB- | 1,711,400 |
18
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
Multi-Utilities – 0.3% | ||||||
$4,800 | Dominion Energy Inc. | 5.750% | 10/01/54 | BBB- | $4,897,200 | |
Oil, Gas & Consumable Fuels – 2.4% | ||||||
4,300 | Antero Midstream Partners LP / Antero Midstream Finance Corp, 144A | 5.750% | 3/01/27 | BBB- | 4,364,500 | |
670 | Calumet Specialty Products Partners LP / Calumet Finance Corp | 6.500% | 4/15/21 | B- | 656,600 | |
1,334 | Calumet Specialty Products Partners LP / Calumet Finance Corp | 7.625% | 1/15/22 | B- | 1,233,950 | |
1,565 | Cheniere Corpus Christi Holdings LLC | 5.125% | 6/30/27 | BB | 1,641,294 | |
6,345 | DCP Midstream Operating LP, 144A | 5.850% | 5/21/43 | BB- | 5,916,712 | |
4,345 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | Baa2 | 3,875,957 | |
4,460 | Genesis Energy LP / Genesis Energy Finance Corp | 5.625% | 6/15/24 | B+ | 4,281,600 | |
1,620 | Global Partners LP / GLP Finance Corp | 7.000% | 6/15/23 | B+ | 1,603,800 | |
3,010 | Martin Midstream Partners LP / Martin Midstream Finance Corp | 7.250% | 2/15/21 | B- | 2,919,700 | |
3,340 | Par Petroleum LLC / Par Petroleum Finance Corp, 144A | 7.750% | 12/15/25 | BB- | 3,101,190 | |
3,280 | PBF Holding Co LLC / PBF Finance Corp | 7.250% | 6/15/25 | BB | 3,366,920 | |
1,700 | Peru LNG Srl, 144A | 5.375% | 3/22/30 | BBB- | 1,768,000 | |
3,000 | Sunoco LP / Sunoco Finance Corp | 5.875% | 3/15/28 | BB | 2,977,500 | |
625 | Targa Resources Partners LP / Targa Resources Partners Finance Corp, 144A | 6.500% | 7/15/27 | BB | 674,219 | |
2,500 | Targa Resources Partners LP / Targa Resources Partners Finance Corp, 144A | 6.875% | 1/15/29 | BB | 2,721,875 | |
3,015 | TransMontaigne Partners LP / TLP Finance Corp | 6.125% | 2/15/26 | BB | 2,834,100 | |
600 | Transportadora de Gas del Sur SA, 144A | 6.750% | 5/02/25 | B1 | 564,600 | |
Total Oil, Gas & Consumable Fuels | 44,502,517 | |||||
Real Estate Management & Development – 0.7% | ||||||
8,685 | Hunt Cos Inc., 144A | 6.250% | 2/15/26 | BB- | 8,098,762 | |
3,968 | Kennedy-Wilson Inc. | 5.875% | 4/01/24 | BB | 3,943,200 | |
600 | RKI Overseas Finance 2016 B Ltd, Reg S | 4.700% | 9/06/21 | BB- | 593,636 | |
600 | Shimao Property Holdings Ltd, Reg S | 4.750% | 7/03/22 | BBB- | 596,265 | |
Total Real Estate Management & Development | 13,231,863 | |||||
Road & Rail – 0.3% | ||||||
1,700 | Rumo Luxembourg Sarl, 144A | 5.875% | 1/18/25 | BB | 1,708,500 | |
1,700 | Transnet SOC Ltd, 144A | 4.000% | 7/26/22 | Baa3 | 1,667,448 | |
2,850 | United Rentals North America Inc. | 5.500% | 5/15/27 | BB- | 2,878,500 | |
Total Road & Rail | 6,254,448 | |||||
Thrifts & Mortgage Finance – 0.2% | ||||||
4,580 | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp, 144A | 5.250% | 10/01/25 | BB | 4,431,150 | |
Trading Companies & Distributors – 0.1% | ||||||
2,430 | Fortress Transportation & Infrastructure Investors LLC, 144A | 6.500% | 10/01/25 | B+ | 2,399,625 | |
Transportation Infrastructure – 0.6% | ||||||
1,700 | Adani Ports & Special Economic Zone Ltd, 144A | 4.000% | 7/30/27 | BBB- | 1,632,117 |
19
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Principal Amount (000)(5) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
Transportation Infrastructure (continued) | ||||||
$1,650 | Aeropuerto Internacional de Tocumen SA, 144A | 6.000% | 11/18/48 | BBB | $1,812,525 | |
2,810 | Aeropuertos Dominicanos Siglo XXI SA, 144A | 6.750% | 3/30/29 | BB- | 2,876,737 | |
1,700 | DP World PLC, 144A | 5.625% | 9/25/48 | Baa1 | 1,766,572 | |
10,691 MXN | Grupo Aeroportuario del Centro Norte SAB de CV | 6.850% | 6/07/21 | N/R | 541,228 | |
1,800 | Mexico City Airport Trust, 144A | 4.250% | 10/31/26 | BBB+ | 1,730,700 | |
1,500 | Pelabuhan Indonesia II PT, 144A | 4.250% | 5/05/25 | Baa2 | 1,516,155 | |
Total Transportation Infrastructure | 11,876,034 | |||||
Wireless Telecommunication Services – 0.3% | ||||||
2,225 | Hughes Satellite Systems Corp | 6.625% | 8/01/26 | BB- | 2,180,500 | |
2,031 | Inmarsat Finance PLC, 144A | 6.500% | 10/01/24 | BB | 2,132,550 | |
1,100 | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC, 144A | 5.152% | 3/20/28 | Baa2 | 1,124,750 | |
Total Wireless Telecommunication Services | 5,437,800 | |||||
Total Corporate Bonds (cost $264,133,116) | 264,293,033 |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||
CONVERTIBLE PREFERRED SECURITIES – 4.0% | ||||||
Electric Utilities – 1.0% | ||||||
235,668 | American Electric Power Co Inc. | 6.125% | BBB | $12,125,118 | ||
101,938 | NextEra Energy Inc. | 6.123% | BBB | 6,305,885 | ||
Total Electric Utilities | 18,431,003 | |||||
Equity Real Estate Investment Trust – 1.7% | ||||||
158,787 | Braemar Hotels & Resorts Inc. | 5.500% | N/R | 3,169,389 | ||
7,719 | Crown Castle International Corp, (2) | 6.875% | N/R | 9,131,577 | ||
72,789 | EPR Properties | 9.000% | BB | 2,757,975 | ||
25,936 | Equity Commonwealth | 6.500% | Baa3 | 709,609 | ||
25,720 | Lexington Realty Trust | 6.500% | N/R | 1,385,794 | ||
69,496 | QTS Realty Trust Inc. | 6.500% | B- | 7,548,655 | ||
64,087 | RLJ Lodging Trust | 1.950% | N/R | 1,612,429 | ||
106,414 | RPT Realty | 7.250% | N/R | 5,336,662 | ||
Total Equity Real Estate Investment Trust | 31,652,090 | |||||
Multi-Utilities – 1.3% | ||||||
149,579 | CenterPoint Energy Inc. | 7.000% | N/R | 7,903,754 | ||
169,791 | Dominion Energy Inc. | 6.750% | BBB- | 8,475,967 | ||
28,977 | DTE Energy Co | 6.500% | BBB+ | 1,603,877 | ||
52,933 | Sempra Energy | 6.000% | N/R | 5,595,018 | ||
14,228 | Sempra Energy | 6.750% | N/R | 1,510,445 | ||
Total Multi-Utilities | 25,089,061 | |||||
Total Convertible Preferred Securities (cost $70,269,330) | 75,172,154 |
20
Principal Amount (000) | Description (1) | Coupon (8) | Reference Rate (8) | Spread (8) | Maturity (9) | Ratings (4) | Value | |
VARIABLE RATE SENIOR LOAN INTERESTS – 2.8% (8) | ||||||||
Capital Markets – 0.2% | ||||||||
$2,244 | Capital Automotive L.P., Term Loan, Frist Lien | 5.000% | 1-Month LIBOR | 2.500% | 3/24/24 | B1 | $2,225,000 | |
2,000 | Capital Automotive L.P., Term Loan, Second Lien | 8.500% | 1-Month LIBOR | 6.000% | 3/24/25 | CCC+ | 2,006,880 | |
4,244 | Total Capital Markets | 4,231,880 | ||||||
Chemicals – 0.1% | ||||||||
2,500 | Messer Industries USA Inc., (WI/DD) | TBD | TBD | TBD | TBD | BB- | 2,453,138 | |
Commercial Services & Supplies – 0.2% | ||||||||
2,223 | EnergySolutions, LLC, Term Loan B | 6.351% | 3-Month LIBOR | 3.750% | 5/11/25 | B- | 1,971,234 | |
1,397 | Gopher Resource LLC, (WI/DD) | TBD | TBD | TBD | TBD | B | 1,394,174 | |
3,620 | Total Commercial Services & Supplies | 3,365,408 | ||||||
Diversified Telecommunication Services – 0.1% | ||||||||
1,588 | SBA Senior Finance II LLC, Term Loan B | 4.500% | 1-Month LIBOR | 2.000% | 4/11/25 | BB+ | 1,556,875 | |
Equity Real Estate Investment Trust – 0.2% | ||||||||
1,496 | Iron Mountain, Inc., Term Loan B | 4.249% | 1-Month LIBOR | 1.750% | 1/02/26 | BB | 1,455,547 | |
2,860 | VICI Properties 1 LLC, Term Loan B | 4.491% | 1-Month LIBOR | 2.000% | 12/22/24 | BBB- | 2,814,426 | |
4,356 | Total Equity Real Estate Investment Trust | 4,269,973 | ||||||
Health Care Providers & Services – 0.4% | ||||||||
1,942 | Concentra Inc., Term Loan, Frist Lien | 5.240% | 1-Month LIBOR | 2.750% | 6/01/22 | B+ | 1,932,688 | |
1,500 | Envision Healthcare Corporation, Term Loan, Frist Lien, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 1,406,880 | |
4,500 | RegionalCare Hospital Partners Holdings, Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 4,459,928 | |
7,942 | Total Health Care Providers & Services | 7,799,496 | ||||||
Hotels, Restaurants & Leisure – 0.2% | ||||||||
2,970 | CityCenter Holdings, LLC, Term Loan B | 4.749% | 1-Month LIBOR | 2.250% | 4/18/24 | BB- | 2,922,212 | |
Machinery – 0.2% | ||||||||
3,660 | Brookfield WEC Holdings Inc., Term Loan, Second Lien | 9.249% | 1-Month LIBOR | 6.750% | 8/01/26 | B- | 3,677,385 | |
Media – 0.2% | ||||||||
3,650 | CSC Holdings, LLC, Term Loan B | 5.591% | 1-Month LIBOR | 3.000% | 4/15/27 | BB | 3,639,743 | |
Oil, Gas & Consumable Fuels – 0.5% | ||||||||
5,459 | BCP Renaissance Parent LLC, Term Loan B | 6.244% | 3-Month LIBOR | 3.500% | 10/31/24 | BB- | 5,446,577 | |
2,908 | Brazos Delaware II, LLC, Term Loan B | 6.487% | 1-Month LIBOR | 4.000% | 5/29/25 | BB- | 2,768,440 |
21
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Coupon (8) | Reference Rate (8) | Spread (8) | Maturity (9) | Ratings (4) | Value | |
Oil, Gas & Consumable Fuels (continued) | ||||||||
$2,178 | Navitas Midstream Midland Basin, LLC, Term Loan B | 6.986% | 1-Month LIBOR | 4.500% | 12/14/24 | BB | $2,087,232 | |
10,545 | Total Oil, Gas & Consumable Fuels | 10,302,249 | ||||||
Real Estate Management & Development – 0.4% | ||||||||
3,970 | Brookfield Property REIT Inc., Term Loan B, Frist Lien | 4.996% | 1-Month LIBOR | 2.500% | 8/24/25 | BB+ | 3,832,940 | |
4,460 | Invitation Homes Operating Partnership LP, Term Loan A | 4.186% | 1-Month LIBOR | 1.700% | 2/06/22 | N/R | 4,376,375 | |
8,430 | Total Real Estate Management & Development | 8,209,315 | ||||||
Road & Rail – 0.1% | ||||||||
1,007 | Kenan Advantage Group, Inc., Term Loan | 5.499% | 1-Month LIBOR | 3.000% | 8/01/22 | B+ | 992,389 | |
240 | Kenan Advantage Group, Inc., Term Loan B | 5.499% | 1-Month LIBOR | 3.000% | 7/29/22 | B+ | 235,994 | |
1,247 | Total Road & Rail | 1,228,383 | ||||||
$54,752 | Total Variable Rate Senior Loan Interests (cost $54,211,805) | 53,656,057 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |
CONVERTIBLE BONDS – 0.7% | ||||||
Oil, Gas & Consumable Fuels – 0.5% | ||||||
$12,325 | Cheniere Energy Inc. | 4.250% | 3/15/45 | N/R | $9,636,609 | |
Real Estate Management & Development – 0.2% | ||||||
3,545 | Tricon Capital Group Inc., 144A | 5.750% | 3/31/22 | N/R | 3,704,525 | |
$15,870 | Total Convertible Bonds (cost $12,212,980) | 13,341,134 |
Shares | Description (1), (10) | Value | ||||
INVESTMENT COMPANIES – 0.4% | ||||||
17,078,128 | Keppel Infrastructure Trust | $5,863,598 | ||||
1,015,144 | Starwood European Real Estate Finance Ltd | 1,388,282 | ||||
Total Investment Companies (cost $7,338,166) | 7,251,880 | |||||
Total Long-Term Investments (cost $1,756,272,903) | 1,822,462,125 |
22
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 3.7% | ||||||
REPURCHASE AGREEMENTS – 3.7% | ||||||
$70,216 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/29/19, repurchase price $70,222,710, collateralized by $73,100,000 U.S. Treasury Notes, 1.125%, due 9/30/21, value $71,621,918 | 1.200% | 4/01/19 | $70,215,688 | ||
Total Short-Term Investments (cost $70,215,688) | 70,215,688 | |||||
Total Investments (cost $1,826,488,591) – 99.9% | 1,892,677,813 | |||||
Other Assets Less Liabilities – 0.1% | 1,715,334 | |||||
Net Assets – 100% | $1,894,393,147 |
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
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. A three-tier hierarchy
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 the
reporting entity’s own 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).
23
Nuveen Real Asset Income Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
The inputs or methodologies used for
valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Real Estate Investment Trust Common Stocks | $366,210,476 | $102,570,265 | $ — | $468,780,741 |
Common Stocks | 125,320,918 | 195,184,583 | — | 320,505,501 |
$25 Par (or similar) Retail Preferred | 296,079,969 | 15,243,790 | — | 311,323,759 |
$1,000 Par (or similar) Institutional Preferred | — | 308,137,866 | — | 308,137,866 |
Corporate Bonds | — | 264,293,033 | — | 264,293,033 |
Convertible Preferred Securities | 66,040,577 | 9,131,577 | — | 75,172,154 |
Variable Rate Senior Loan Interests | — | 53,656,057 | — | 53,656,057 |
Convertible Bonds | — | 13,341,134 | — | 13,341,134 |
Investment Companies | 7,251,880 | — | — | 7,251,880 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 70,215,688 | — | 70,215,688 |
Total | $860,903,820 | $1,031,773,993 | $ — | $1,892,677,813 |
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) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | 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. | |
(5) | Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted. | |
(6) | Perpetual security. Maturity date is not applicable. | |
(7) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(8) | 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. | |
(9) | 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. | |
(10) | A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov. | |
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 | |
BRL | Brazilian Real | |
EUR | Euro | |
GBP | Pound Sterling | |
LIBOR | London Inter-Bank Offered Rate | |
MXN | Mexican Peso | |
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 | |
SGD | Singapore Dollar | |
TBD | Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, Senior loans typically trade without accrued interest and therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will provide the Fund with the final coupon rate and maturity date. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
24
25
Nuveen Real Estate Securities Fund
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.3% | ||||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 97.3% | ||||||
Diversified – 1.9% | ||||||
245,465 | Alexander & Baldwin Inc. | $6,244,630 | ||||
322,443 | Armada Hoffler Properties Inc. | 5,026,886 | ||||
20,959 | Empire State Realty Trust Inc. | 331,152 | ||||
346,344 | Liberty Property Trust | 16,769,977 | ||||
298,640 | STORE Capital Corp | 10,004,440 | ||||
2,424,452 | VEREIT Inc. | 20,292,663 | ||||
101,964 | WP Carey Inc. | 7,986,840 | ||||
Total Diversified | 66,656,588 | |||||
Health Care – 11.6% | ||||||
94,627 | CareTrust REIT Inc. | 2,219,949 | ||||
1,939,700 | HCP Inc. | 60,712,610 | ||||
2,015,454 | Healthcare Realty Trust Inc. | 64,716,228 | ||||
647,769 | Healthcare Trust of America Inc. | 18,519,716 | ||||
7,359 | LTC Properties Inc. | 337,042 | ||||
206,655 | MedEquities Realty Trust Inc. | 2,300,070 | ||||
197,931 | Medical Properties Trust Inc. | 3,663,703 | ||||
3,581 | National Health Investors Inc. | 281,288 | ||||
373,741 | Omega Healthcare Investors Inc. | 14,258,219 | ||||
219,446 | Physicians Realty Trust | 4,127,779 | ||||
2,262,248 | Ventas Inc. | 144,354,045 | ||||
1,092,866 | Welltower Inc. | 84,806,402 | ||||
Total Health Care | 400,297,051 | |||||
Hotels – 6.4% | ||||||
328 | Hersha Hospitality Trust | 5,622 | ||||
3,660,327 | Host Hotels & Resorts Inc. | 69,180,180 | ||||
971,229 | MGM Growth Properties LLC, Class A | 31,322,135 | ||||
1,204,012 | Pebblebrook Hotel Trust | 37,396,613 | ||||
1,709 | Ryman Hospitality Properties Inc. | 140,548 | ||||
1,135,811 | Summit Hotel Properties Inc. | 12,959,604 | ||||
4,943,208 | Sunstone Hotel Investors Inc. | 71,182,195 | ||||
Total Hotels | 222,186,897 | |||||
Industrial – 10.6% | ||||||
644,573 | Americold Realty Trust | 19,665,922 | ||||
4,014,404 | Duke Realty Corp | 122,760,474 |
26
Shares | Description (1) | Value | ||||
Industrial (continued) | ||||||
824,543 | First Industrial Realty Trust Inc. | $29,155,840 | ||||
60,122 | Monmouth Real Estate Investment Corp | 792,408 | ||||
2,015,728 | Prologis Inc. | 145,031,630 | ||||
406,429 | Rexford Industrial Realty Inc. | 14,554,223 | ||||
257,874 | STAG Industrial Inc. | 7,645,964 | ||||
668,553 | Terreno Realty Corp | 28,105,968 | ||||
Total Industrial | 367,712,429 | |||||
Mortgage – 0.2% | ||||||
134,537 | Blackstone Mortgage Trust Inc. | 4,649,599 | ||||
167,502 | TPG RE Finance Trust Inc. | 3,283,039 | ||||
Total Mortgage | 7,932,638 | |||||
Office – 13.3% | ||||||
526,167 | Alexandria Real Estate Equities Inc. | 75,010,368 | ||||
1,009,446 | Boston Properties Inc. | 135,144,631 | ||||
94,450 | Columbia Property Trust Inc. | 2,126,070 | ||||
390,977 | Corporate Office Properties Trust | 10,673,672 | ||||
2,038,145 | Cousins Properties Inc. | 19,688,481 | ||||
480,477 | Douglas Emmett Inc. | 19,420,880 | ||||
826,930 | Easterly Government Properties Inc. | 14,893,009 | ||||
524,999 | Equity Commonwealth | 17,162,217 | ||||
206,336 | Highwoods Properties Inc. | 9,652,398 | ||||
1,307,094 | Hudson Pacific Properties Inc. | 44,990,175 | ||||
571,125 | JBG SMITH Properties | 23,616,019 | ||||
367,999 | Kilroy Realty Corp | 27,953,204 | ||||
365,761 | Mack-Cali Realty Corp | 8,119,894 | ||||
543,491 | Paramount Group Inc. | 7,712,137 | ||||
271,958 | Piedmont Office Realty Trust Inc. | 5,670,324 | ||||
73,951 | SL Green Realty Corp | 6,649,674 | ||||
113,627 | Tier REIT Inc. | 3,256,550 | ||||
426,229 | Vornado Realty Trust | 28,744,884 | ||||
Total Office | 460,484,587 | |||||
Residential – 18.8% | ||||||
990,044 | American Campus Communities Inc. | 47,106,293 | ||||
1,389,539 | American Homes 4 Rent, Class A | 31,570,326 | ||||
533,552 | Apartment Investment & Management Company, Class A | 26,832,330 | ||||
716,722 | AvalonBay Communities Inc. | 143,867,607 | ||||
700,786 | Camden Property Trust | 71,129,779 | ||||
293,297 | Equity LifeStyle Properties Inc. | 33,523,847 | ||||
1,159,024 | Equity Residential | 87,297,688 |
27
Nuveen Real Estate Securities Fund (continued)
Portfolio of Investments March 31, 2019
(Unaudited)
Shares | Description (1) | Value | ||||
Residential (continued) | ||||||
233,049 | Essex Property Trust Inc. | $67,407,093 | ||||
141,918 | Investors Real Estate Trust | 8,502,307 | ||||
1,918,975 | Invitation Homes Inc. | 46,688,662 | ||||
117,734 | Mid-America Apartment Communities Inc. | 12,871,858 | ||||
19,318 | NexPoint Residential Trust Inc. | 740,652 | ||||
283,917 | Sun Communities Inc. | 33,649,843 | ||||
805,763 | UDR Inc. | 36,629,986 | ||||
Total Residential | 647,818,271 | |||||
Retail – 17.6% | ||||||
336,681 | Agree Realty Corp | 23,345,461 | ||||
2,655 | Alexander's Inc. | 998,731 | ||||
492,486 | Brixmor Property Group Inc. | 9,046,968 | ||||
581,036 | Federal Realty Investment Trust | 80,095,813 | ||||
1,407,466 | National Retail Properties Inc. | 77,959,542 | ||||
793,621 | Realty Income Corp | 58,378,761 | ||||
1,106,592 | Regency Centers Corp | 74,683,894 | ||||
284,450 | Retail Properties of America Inc. | 3,467,445 | ||||
1,416,760 | Simon Property Group Inc. | 258,147,840 | ||||
376,549 | SITE Centers Corporation | 5,128,597 | ||||
750,970 | Urban Edge Properties | 14,268,430 | ||||
138,188 | Urstadt Biddle Properties Inc. | 2,852,200 | ||||
Total Retail | 608,373,682 | |||||
Specialized – 16.9% | ||||||
79,655 | CatchMark Timber Trust Inc. | 782,212 | ||||
43,873 | CoreSite Realty Corp | 4,695,289 | ||||
125,646 | Crown Castle International Corp | 16,082,688 | ||||
1,213,761 | CubeSmart | 38,888,902 | ||||
490,466 | CyrusOne Inc. | 25,720,037 | ||||
771,238 | Digital Realty Trust Inc. | 91,777,322 | ||||
290,071 | Equinix Inc. | 131,448,574 | ||||
42,155 | Extra Space Storage Inc. | 4,296,016 | ||||
749,303 | Four Corners Property Trust Inc. | 22,179,369 | ||||
780,606 | Iron Mountain Inc. | 27,680,289 | ||||
200,893 | Life Storage Inc. | 19,540,862 | ||||
704,283 | Public Storage | 153,378,752 | ||||
235,516 | QTS Realty Trust Inc. | 10,595,865 | ||||
1,626,813 | VICI Properties Inc. | 35,594,668 | ||||
Total Specialized | 582,660,845 | |||||
Total Long-Term Investments (cost $2,552,196,095) | 3,364,122,988 |
28
Shares | Description (1) | Coupon | Value | |||
SHORT-TERM INVESTMENTS – 2.7% | ||||||
MONEY MARKET FUNDS – 2.7% | ||||||
91,760,102 | First American Treasury Obligations Fund, Class Z | 2.330% (2) | $91,760,102 | |||
Total Short-Term Investments (cost $91,760,102) | 91,760,102 | |||||
Total Investments (cost $2,643,956,197) – 100.0% | 3,455,883,090 | |||||
Other Assets Less Liabilities – (0.0)% | (144,540) | |||||
Net Assets – 100% | $3,455,738,550 |
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
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. A three-tier hierarchy
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 the
reporting entity’s own 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 inputs or methodologies used for
valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Real Estate Investment Trust Common Stocks | $3,364,122,988 | $ — | $ — | $3,364,122,988 |
Short-Term Investments: | ||||
Money Market Funds | 91,760,102 | — | — | 91,760,102 |
Total | $3,455,883,090 | $ — | $ — | $3,455,883,090 |
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) | The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period. | |
REIT | Real Estate Investment Trust |
29
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