0001752724-21-114961.txt : 20210527 0001752724-21-114961.hdr.sgml : 20210527 20210527112411 ACCESSION NUMBER: 0001752724-21-114961 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210527 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN REAL ESTATE INCOME FUND CENTRAL INDEX KEY: 0001158289 IRS NUMBER: 364472501 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-10491 FILM NUMBER: 21969709 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178146 MAIL ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 NPORT-P 1 primary_doc.xml NPORT-P false 0001158289 XXXXXXXX Nuveen Real Estate Income Fund 811-10491 0001158289 LXJVVL0330BRT3R7PH61 333 W. Wacker Dr Chicago 60606 312-917-7700 Nuveen Real Estate Income Fund LXJVVL0330BRT3R7PH61 2021-12-31 2021-03-31 N 420954150.00 121613889.00 299340261.00 0.00000000 0.00000000 115500000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N Douglas Emmett Inc N/A Douglas Emmett Inc 25960P109 183780.00000000 NS USD 5770692.00000000 1.927803490490 Long EC CORP US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042844 49189.00000000 NS USD 1246941.15000000 0.416563126468 Long EP CORP US N 1 N N N Invitation Homes Inc N/A Invitation Homes Inc 46187W107 397625.00000000 NS USD 12720023.75000000 4.249352795880 Long EC CORP US N 1 N N N EPR Properties 549300YSSXFHMPOWZ492 EPR Properties 26884U505 21150.00000000 NS USD 532980.00000000 0.178051558523 Long EP CORP US N 1 N N N Apartment Income REIT Corp N/A Apartment Income REIT Corp 03750L109 217072.00000000 NS USD 9281998.72000000 3.100818676709 Long EC CORP US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042828 120109.00000000 NS USD 3047165.33000000 1.017960403929 Long EP CORP US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868103 68390.00000000 NS USD 9632047.60000000 3.217758803250 Long EC CORP US N 1 N N N Equity LifeStyle Properties Inc 529900PEQG66LENB6798 Equity LifeStyle Properties Inc 29472R108 99750.00000000 NS USD 6348090.00000000 2.120693681094 Long EC CORP US N 1 N N N UMH Properties Inc 529900OM5K3PJ11F0Q09 UMH Properties Inc 903002509 4625.00000000 NS USD 115625.00000000 0.038626611607 Long EP CORP US N 1 N N N DiamondRock Hospitality Co 529900KKD4BPVBUAQ734 DiamondRock Hospitality Co 252784301 175480.00000000 NS USD 1807444.00000000 0.603809188233 Long EC CORP US N 1 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V506 52335.00000000 NS USD 1290057.75000000 0.430967002464 Long EP CORP US N 1 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 Kimco Realty Corp 49446R737 136537.00000000 NS USD 3589557.73000000 1.199156344024 Long EP CORP US N 1 N N N Highwoods Properties Inc ZIIGTYKL9T0X3HLTDX53 Highwoods Properties Inc 431284108 42350.00000000 NS USD 1818509.00000000 0.607505650568 Long EC CORP US N 1 N N N Alexandria Real Estate Equities Inc MGCJBT4MKTQBVLNUIS88 Alexandria Real Estate Equities Inc 015271109 81035.00000000 NS USD 13314050.50000000 4.447798119612 Long EC CORP US N 1 N N N Diversified Healthcare Trust N/A Diversified Healthcare Trust 25525P305 17450.00000000 NS USD 425082.00000000 0.142006290293 Long EP CORP US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868822 22100.00000000 NS USD 588965.00000000 0.196754355071 Long EP CORP US N 1 N N N Hersha Hospitality Trust 549300DNC58BIN1VO064 Hersha Hospitality Trust 427825708 9075.00000000 NS USD 220431.75000000 0.073639192156 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 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0.512056077882 Long EP CORP US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042810 232045.00000000 NS USD 5949633.80000000 1.987582218350 Long EP CORP US N 1 N N N VICI Properties Inc 254900RKH6RY9KCJQH63 VICI Properties Inc 925652109 72840.00000000 NS USD 2057001.60000000 0.687178394622 Long EC CORP US N 1 N N N National Storage Affiliates Trust N/A National Storage Affiliates Trust 637870205 48376.00000000 NS USD 1278093.92000000 0.426970269796 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W750 57260.00000000 NS USD 1466428.60000000 0.489886858219 Long EP CORP US N 1 N N N Federal Realty Investment Trust 549300LI6XZ51GOCJ427 Federal Realty Investment Trust 313747206 22530.00000000 NS USD 2285668.50000000 0.763568686806 Long EC CORP US N 1 N N N Life Storage Inc W9EE01AFDDF9DQCQZC68 Life Storage Inc 53223X107 82950.00000000 NS USD 7129552.50000000 2.381755289509 Long EC CORP US N 1 N N N Weingarten Realty Investors 549300JMKTJNB8GWHU88 Weingarten Realty Investors 948741103 92755.00000000 NS USD 2496037.05000000 0.833846085942 Long EC CORP US N 1 N N N CubeSmart N/A CubeSmart 229663109 241425.00000000 NS USD 9133107.75000000 3.051078969293 Long EC CORP US N 1 N N N National Retail Properties Inc 5493008JKH5SOTI0JS97 National Retail Properties Inc 637417874 52395.00000000 NS USD 1341312.00000000 0.448089406857 Long EP CORP US N 1 N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J628 96220.00000000 NS USD 2499795.60000000 0.835101697195 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W552 54000.00000000 NS USD 1450440.00000000 0.484545578718 Long EP CORP US N 1 N N N Monmouth Real Estate Investment Corp 549300DFIUDCN3KVN260 Monmouth Real Estate Investment Corp 609720404 139585.00000000 NS USD 3548250.70000000 1.185356987445 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W511 33800.00000000 NS USD 845338.00000000 0.282400368455 Long EP CORP US N 1 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 Kimco Realty Corp 49446R109 193090.00000000 NS USD 3620437.50000000 1.209472286790 Long EC CORP US N 1 N N N Healthcare Realty Trust Inc 549300CB86LH2IOKHH22 Healthcare Realty Trust Inc 421946104 82405.00000000 NS USD 2498519.60000000 0.834675426437 Long EC CORP US N 1 N N N VEREIT Inc 5493002H54FNIBW75H44 VEREIT Inc 92339V209 174578.00000000 NS USD 4401111.38000000 1.470270442504 Long EP CORP US N 1 N N N UMH Properties Inc 529900OM5K3PJ11F0Q09 UMH Properties Inc 903002400 14963.00000000 NS USD 383352.06000000 0.128065653019 Long EP CORP US N 1 N N N Urstadt Biddle Properties Inc 549300XXD0YL0AER3Z82 Urstadt Biddle Properties Inc 917286874 53645.00000000 NS USD 1328250.20000000 0.443725877555 Long EP CORP US N 1 N N N Saul Centers Inc N/A Saul Centers Inc 804395879 129000.00000000 NS USD 3341100.00000000 1.116154568997 Long EP CORP US N 1 N N N Highwoods Properties Inc ZIIGTYKL9T0X3HLTDX53 Highwoods Properties Inc 431284207 12713.00000000 NS USD 15891250.00000000 5.308757982274 Long EP CORP US N 2 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 Rexford Industrial Realty Inc 76169C407 25615.00000000 NS USD 674186.80000000 0.225224230695 Long EP CORP US N 1 N N N Hersha Hospitality Trust 549300DNC58BIN1VO064 Hersha Hospitality Trust 427825401 57425.00000000 NS USD 1393704.75000000 0.465592147659 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W537 33005.00000000 NS USD 851859.05000000 0.284578842536 Long EP CORP US N 1 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 Rexford Industrial Realty Inc 76169C209 47565.00000000 NS USD 1201962.79000000 0.401537296047 Long EP CORP US N 1 N N N Boston Properties Inc 549300OF70FSEUQBT254 Boston Properties Inc 101121101 77790.00000000 NS USD 7877015.40000000 2.631458719814 Long EC CORP US N 1 N N N Colony Capital Inc 549300XG87L902AGBO89 Colony Capital Inc 19626G504 16250.00000000 NS USD 411450.00000000 0.137452275422 Long EP CORP US N 1 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V704 22025.00000000 NS USD 534106.25000000 0.178427802600 Long EP CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T884 3700.00000000 NS USD 95608.00000000 0.031939572605 Long EP CORP US N 1 N N N Sunstone Hotel Investors Inc 529900ZQ2V52V96ATF67 Sunstone Hotel Investors Inc 867892101 662060.00000000 NS USD 8249267.60000000 2.755816264889 Long EC CORP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W202 59877.00000000 NS USD 4161451.50000000 1.390207747563 Long EP CORP US N 2 N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J552 7350.00000000 NS USD 194922.00000000 0.065117201190 Long EP CORP US N 1 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 Kimco Realty Corp 49446R711 82978.00000000 NS USD 2184810.74000000 0.729875337417 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460D109 59755.00000000 NS USD 14745143.80000000 4.925880585104 Long EC CORP US N 1 N N N Spirit Realty Capital Inc 549300LTU6LVPZSHMJ25 Spirit Realty Capital Inc 84860W201 17340.00000000 NS USD 456909.00000000 0.152638672283 Long EP CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T801 83657.00000000 NS USD 2121541.52000000 0.708739116119 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W735 119850.00000000 NS USD 3025014.00000000 1.010560353590 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W594 11630.00000000 NS USD 311800.30000000 0.104162500212 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W669 147424.00000000 NS USD 3874302.72000000 1.294280531144 Long EP CORP US N 1 N N N First Industrial Realty Trust Inc N/A First Industrial Realty Trust Inc 32054K103 180185.00000000 NS USD 8250671.15000000 2.756285146019 Long EC CORP US N 1 N N N Mid-America Apartment Communities Inc 549300FQZKFR5YNSHZ21 Mid-America Apartment Communities Inc 59522J889 34373.00000000 NS USD 2182685.50000000 0.729165362757 Long EP CORP US N 1 N N N Morgan Stanley MBNUM2BPBDO7JBLYG310 Morgan Stanley N/A 1.00000000 NC USD -4721328.42000000 -1.57724470615 N/A DIR CORP US N 2 CITIGROUP GLOBAL MARKETS INC. MBNUM2BPBDO7JBLYG310 Morgan Stanley Morgan Stanley Y 2027-07-01 0.00000000 USD 0.00000000 USD 72400000.00000000 USD -4608216.56000000 N N N SITE Centers Corp W2AVA6SODOQ1LCYJQR54 SITE Centers Corp 82981J877 116200.00000000 NS USD 2997960.00000000 1.001522478127 Long EP CORP US N 1 N N N Saul Centers Inc N/A Saul Centers Inc 804395804 1630.00000000 NS USD 41874.70000000 0.013988996956 Long EP CORP US N 1 N N N QTS Realty Trust Inc 5493006PA4CJK4OG2J54 QTS Realty Trust Inc 74736A202 58210.00000000 NS USD 1627551.60000000 0.543712895339 Long EP CORP US N 1 N N N AvalonBay Communities Inc K9G90K85RBWD2LAGQX17 AvalonBay Communities Inc 053484101 75013.00000000 NS USD 13840648.63000000 4.623717699638 Long EC CORP US N 1 N N N Armada Hoffler Properties Inc 549300WQRSIV6XZT9313 Armada Hoffler Properties Inc 04208T207 35010.00000000 NS USD 927765.00000000 0.309936590855 Long EP CORP US N 1 N N N Sunstone Hotel Investors Inc 529900ZQ2V52V96ATF67 Sunstone Hotel Investors Inc 867892606 175710.00000000 NS USD 4445463.00000000 1.485086899152 Long EP CORP US N 1 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 Simon Property Group Inc 828806109 76180.00000000 NS USD 8666998.60000000 2.895366821371 Long EC CORP US N 1 N N N Camden Property Trust 5493002MYX22OHYJBD89 Camden Property Trust 133131102 73095.00000000 NS USD 8033871.45000000 2.683859305514 Long EC CORP US N 1 N N N Equity Residential 5493008RACSH5EP3PI59 Equity Residential 29476L107 123990.00000000 NS USD 8881403.70000000 2.966992702662 Long EC CORP US N 1 N N N Xenia Hotels & Resorts Inc 54930075IWIPHF5IQL62 Xenia Hotels & Resorts Inc 984017103 90565.00000000 NS USD 1766017.50000000 0.589969920551 Long EC CORP US N 1 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V407 87125.00000000 NS USD 2187708.75000000 0.730843469799 Long EP CORP US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868855 7475.00000000 NS USD 198237.00000000 0.066224636585 Long EP CORP US N 1 N N N Colony Capital Inc 549300XG87L902AGBO89 Colony Capital Inc 19626G603 13700.00000000 NS USD 345240.00000000 0.115333633653 Long EP CORP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W103 255433.00000000 NS USD 27075898.00000000 9.045190883961 Long EC CORP US N 1 N N N Macerich Co/The 529900PSWCB5KI0JYU46 Macerich Co/The 554382101 218730.00000000 NS USD 2559141.00000000 0.854927095824 Long EC CORP US N 1 N N N Regency Centers Corp 529900053A7X7FJ97S58 Regency Centers Corp 758849103 112740.00000000 NS USD 6393485.40000000 2.135858831231 Long EC CORP US N 1 N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J594 57260.00000000 NS USD 1493913.40000000 0.499068650173 Long EP CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T306 529835.00000000 NS USD 17664698.90000000 5.901210495704 Long EC CORP US N 1 N N N SL Green Realty Corp 549300VQZPJU97H3GT17 SL Green Realty Corp 78440X804 38235.00000000 NS USD 2676067.65000000 0.893988547033 Long EC CORP US N 1 N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 Welltower Inc 95040Q104 128940.00000000 NS USD 9235972.20000000 3.085442689581 Long EC CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W628 69850.00000000 NS USD 1870583.00000000 0.624901907197 Long EP CORP US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042851 162188.00000000 NS USD 4093625.12000000 1.367549124973 Long EP CORP US N 1 N N N SL Green Realty Corp 549300VQZPJU97H3GT17 SL Green Realty Corp 78440X507 152510.00000000 NS USD 3937808.20000000 1.315495679346 Long EP CORP US N 1 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 Simon Property Group Inc 828806885 5494.00000000 NS USD 380953.96000000 0.127264524567 Long EP CORP US N 1 N N N DiamondRock Hospitality Co 529900KKD4BPVBUAQ734 DiamondRock Hospitality Co 252784400 132110.00000000 NS USD 3709648.80000000 1.239274926669 Long EP CORP US N 1 N N N CoreSite Realty Corp 549300H0YYORITFM2B74 CoreSite Realty Corp 21870Q105 56565.00000000 NS USD 6779315.25000000 2.264752234581 Long EC CORP US N 1 N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J578 120575.00000000 NS USD 3171122.50000000 1.059370526840 Long EP CORP US N 1 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 Rexford Industrial Realty Inc 76169C308 57851.00000000 NS USD 1488506.23000000 0.497262287748 Long EP CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T868 117810.00000000 NS USD 3169089.00000000 1.058691199577 Long EP CORP US N 1 N N N STATE STREET BANK AND TRUST COMPANY 549300H47WTHXPU08X20 Fixed Income Clearing Corp 85748R009 16758033.72000000 PA USD 16758033.72000000 5.598322679353 Long RA CORP US N 2 Repurchase N 0.00000000 2021-04-01 16981100.00000000 USD 17093206.57000000 USD UST N N N Hersha Hospitality Trust 549300DNC58BIN1VO064 Hersha Hospitality Trust 427825609 6460.00000000 NS USD 156913.40000000 0.052419744499 Long EP CORP US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 Equinix Inc 29444U700 28505.00000000 NS USD 19371712.95000000 6.471469252176 Long EC CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W578 15129.00000000 NS USD 415139.76000000 0.138684906137 Long EP CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T876 65105.00000000 NS USD 1691427.90000000 0.565051922634 Long EP CORP US N 1 N N N 2021-03-31 Nuveen Real Estate Income Fund E. Scott Wickerham E. Scott Wickerham Funds Treasurer XXXX NPORT-EX 2 JRS.htm FOR VALIDATION PURPOSES ONLY - [172824.TX]
JRS   

Nuveen Real Estate Income Fund

 

Portfolio of Investments    March 31, 2021

     (Unaudited)

 

Shares     Description (1)                   Value  
 

LONG-TERM INVESTMENTS – 136.0% (96.0% of Total Investments)

       
 

REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 92.2% (65.1% of Total Investments)

 

     
      Health Care – 7.9% (5.6% of Total Investments)                    
  82,405    

Healthcare Realty Trust Inc

        $ 2,498,520  
  375,295    

Healthpeak Properties Inc

          11,911,863  
  128,940    

Welltower Inc

                      9,235,972  
 

Total Health Care

                      23,646,355  
      Hotels – 4.0% (2.8% of Total Investments)                    
  175,480    

DiamondRock Hospitality Co, (2)

          1,807,444  
  662,060    

Sunstone Hotel Investors Inc, (2)

          8,249,268  
  90,565    

Xenia Hotels & Resorts Inc, (2)

                      1,766,017  
 

Total Hotels

                      11,822,729  
      Industrial – 11.8% (8.3% of Total Investments)                    
  180,185    

First Industrial Realty Trust Inc

          8,250,671  
  255,433    

Prologis Inc

                      27,075,898  
 

Total Industrial

                      35,326,569  
      Office – 11.2% (7.9% of Total Investments)                    
  81,035    

Alexandria Real Estate Equities Inc

          13,314,051  
  77,790    

Boston Properties Inc

          7,877,015  
  183,780    

Douglas Emmett Inc

          5,770,692  
  42,350    

Highwoods Properties Inc

          1,818,509  
  76,040    

Hudson Pacific Properties Inc

          2,062,965  
  38,235    

SL Green Realty Corp

                      2,676,068  
 

Total Office

                      33,519,300  
      Residential – 25.6% (18.1% of Total Investments)                    
  529,835    

American Homes 4 Rent, Class A

          17,664,699  
  217,072    

Apartment Income REIT Corp

          9,281,999  
  75,013    

AvalonBay Communities Inc, (3)

          13,840,648  
  73,095    

Camden Property Trust

          8,033,871  
  99,750    

Equity LifeStyle Properties Inc

          6,348,090  
  123,990    

Equity Residential

          8,881,404  
  397,625    

Invitation Homes Inc

                      12,720,024  
 

Total Residential

                      76,770,735  
      Retail – 8.7% (6.1% of Total Investments)                    
  22,530    

Federal Realty Investment Trust

          2,285,669  
  193,090    

Kimco Realty Corp

          3,620,437  
  218,730    

Macerich Co

          2,559,141  
  112,740    

Regency Centers Corp

          6,393,485  
  76,180    

Simon Property Group Inc

          8,666,999  
  92,755    

Weingarten Realty Investors

                      2,496,037  
 

Total Retail

                      26,021,768  
      Specialized – 23.0% (16.3% of Total Investments)                    
  56,565    

CoreSite Realty Corp, (3)

          6,779,315  
  241,425    

CubeSmart

          9,133,108  
  68,390    

Digital Realty Trust Inc

          9,632,048  
  28,505    

Equinix Inc

          19,371,713  
  82,950    

Life Storage Inc

          7,129,552  
  59,755    

Public Storage

          14,745,144  
  72,840    

VICI Properties Inc

                      2,057,002  
 

Total Specialized

                      68,847,882  
 

Total Real Estate Investment Trust Common Stocks (cost $208,798,295)

                      275,955,338  

 

1

JRS    Nuveen Real Estate Income Fund (continued)
   Portfolio of Investments    March 31, 2021
   (Unaudited)

 

Shares     Description (1)   Coupon      Ratings (4)      Value  
 

REAL ESTATE INVESTMENT TRUST PREFERRED STOCKS – 43.8% (30.9% of Total Investments)

 

     
      Diversified – 6.5% (4.6% of Total Investments)                    
  35,010    

Armada Hoffler Properties Inc

    6.750%        N/R      $ 927,765  
  16,250    

Colony Capital Inc, (2)

    7.125%        N/R        411,450  
  13,700    

Colony Capital Inc, (2)

    7.150%        N/R        345,240  
  7,350    

PS Business Parks Inc

    4.875%        BBB        194,922  
  120,575    

PS Business Parks Inc

    5.200%        BBB        3,171,123  
  96,220    

PS Business Parks Inc

    5.200%        BBB        2,499,796  
  57,260    

PS Business Parks Inc

    5.250%        BBB        1,493,913  
  174,578    

VEREIT Inc

    6.700%        BB+        4,401,111  
  232,045    

Vornado Realty Trust

    5.250%        Baa3        5,949,634  
 

Total Diversified

                      19,394,954  
      Health Care – 0.1% (0.1% of Total Investments)                    
  17,450    

Diversified Healthcare Trust

    6.250%        BB-        425,082  
      Hotels – 4.7% (3.3% of Total Investments)                    
  132,110    

DiamondRock Hospitality Co

    8.250%        N/R        3,709,649  
  6,460    

Hersha Hospitality Trust

    6.500%        N/R        156,913  
  9,075    

Hersha Hospitality Trust

    6.500%        N/R        220,432  
  57,425    

Hersha Hospitality Trust

    6.875%        N/R        1,393,705  
  22,025    

Pebblebrook Hotel Trust

    6.300%        N/R        534,106  
  52,335    

Pebblebrook Hotel Trust

    6.375%        N/R        1,290,058  
  87,125    

Pebblebrook Hotel Trust

    6.500%        N/R        2,187,708  
  175,710    

Sunstone Hotel Investors Inc

    6.950%        N/R        4,445,463  
 

Total Hotels

                      13,938,034  
      Industrial – 3.7% (2.6% of Total Investments)                    
  139,585    

Monmouth Real Estate Investment Corp

    6.125%        N/R        3,548,251  
  59,877    

Prologis Inc, (5)

    8.540%        BBB        4,161,451  
  25,615    

Rexford Industrial Realty Inc

    5.625%        BB+        674,187  
  47,565    

Rexford Industrial Realty Inc

    5.875%        BB+        1,201,963  
  57,851    

Rexford Industrial Realty Inc

    5.875%        BB+        1,488,506  
 

Total Industrial

                      11,074,358  
      Office – 9.4% (6.6% of Total Investments)                    
  12,713    

Highwoods Properties Inc, (5)

    8.625%        Baa3        15,891,250  
  152,510    

SL Green Realty Corp

    6.500%        Ba1        3,937,808  
  120,109    

Vornado Realty Trust

    5.250%        Baa3        3,047,166  
  49,189    

Vornado Realty Trust

    5.400%        Baa3        1,246,941  
  162,188    

Vornado Realty Trust

    5.700%        Baa3        4,093,625  
 

Total Office

                      28,216,790  
      Residential – 3.3% (2.3% of Total Investments)                    
  3,700    

American Homes 4 Rent

    5.875%        BB        95,608  
  65,105    

American Homes 4 Rent

    5.875%        BB        1,691,428  
  117,810    

American Homes 4 Rent

    6.250%        Ba1        3,169,089  
  83,657    

American Homes 4 Rent

    6.350%        BB        2,121,542  
  34,373    

Mid-America Apartment Communities Inc

    8.500%        BBB-        2,182,685  
  4,625    

UMH Properties Inc

    6.375%        N/R        115,625  
  14,963    

UMH Properties Inc

    6.750%        N/R        383,352  
 

Total Residential

                      9,759,329  
      Retail – 7.0% (5.0% of Total Investments)                    
  147,810    

Federal Realty Investment Trust

    5.000%        Baa1        3,900,706  
  136,537    

Kimco Realty Corp

    5.125%        Baa2        3,589,558  
  82,978    

Kimco Realty Corp

    5.250%        Baa2        2,184,811  
  52,395    

National Retail Properties Inc

    5.200%        Baa2        1,341,312  
  129,000    

Saul Centers Inc

    6.000%        N/R        3,341,100  
  1,630    

Saul Centers Inc

    6.125%        N/R        41,874  
  5,494    

Simon Property Group Inc

    8.375%        BBB+        380,954  
  116,200    

SITE Centers Corp

    6.375%        BB+        2,997,960  
  17,340    

Spirit Realty Capital Inc

    6.000%        BB+        456,909  

 

2

  
  
  

 

Shares     Description (1)   Coupon      Ratings (4)      Value  
      Retail (continued)                    
  53,645    

Urstadt Biddle Properties Inc

    5.875%        N/R      $ 1,328,250  
  60,825    

Urstadt Biddle Properties Inc

    6.250%        N/R        1,532,790  
 

Total Retail

                      21,096,224  
      Specialized – 9.1% (6.4% of Total Investments)                    
  22,100    

Digital Realty Trust Inc

    5.200%        Baa3        588,965  
  7,475    

Digital Realty Trust Inc

    5.250%        Baa3        198,237  
  21,150    

EPR Properties

    5.750%        Ba1        532,980  
  48,376    

National Storage Affiliates Trust

    6.000%        N/R        1,278,094  
  33,800    

Public Storage

    3.875%        A3        845,338  
  9,735    

Public Storage

    3.900%        A3        253,402  
  33,005    

Public Storage

    4.125%        A3        851,859  
  54,000    

Public Storage

    4.625%        A3        1,450,440  
  11,630    

Public Storage

    4.700%        A3        311,800  
  15,129    

Public Storage

    4.750%        A3        415,140  
  69,850    

Public Storage

    4.875%        A3        1,870,583  
  44,825    

Public Storage

    4.900%        A3        1,158,278  
  119,850    

Public Storage

    4.950%        A3        3,025,014  
  147,424    

Public Storage

    5.050%        A3        3,874,303  
  57,260    

Public Storage

    5.125%        A3        1,466,429  
  270,390    

Public Storage

    5.600%        A3        7,514,138  
  58,210    

QTS Realty Trust Inc

    7.125%        B-        1,627,551  
 

Total Specialized

                      27,262,551  
 

Total Real Estate Investment Trust Preferred Stocks (cost $125,616,434)

                      131,167,322  
 

Total Long-Term Investments (cost $334,414,729)

                      407,122,660  
Principal
Amount (000)
    Description (1)   Coupon      Maturity      Value  
 

SHORT-TERM INVESTMENTS – 5.6% (4.0% of Total Investments)

       
      REPURCHASE AGREEMENTS – 5.6% (4.0% of Total Investments)                    
$ 16,758    

Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $16,758,034, collateralized by $2,225,400, U.S. Treasury Notes, 2.750%, due 2/28/25, value $2,415,889; by $14,755,700, U.S. Treasury Notes, 0.500%, due 3/31/25, value $14,677,318

    0.000%        4/01/21      $ 16,758,034  
 

Total Short-Term Investments (cost $16,758,034)

                      16,758,034  
 

Total Investments (cost $351,172,763) – 141.6%

                      423,880,694  
 

Borrowings – (38.6)% (6), (7)

                      (115,500,000
 

Other Assets Less Liabilities – (3.0)% (8)

                      (9,040,433
 

Net Assets – 100%

                    $ 299,340,261  

Investments in Derivatives

Interest Rate Swaps – OTC Uncleared

 

Counterparty   Notional
Amount
    Fund
Pay/Receive
Floating Rate
    Floating Rate Index     Fixed Rate
(Annualized)
    Fixed Rate
Payment
Frequency
    Effective
Date (9)
    Optional
Termination
Date
    Maturity
Date
    Value     Unrealized
Appreciation
(Depreciation)
 

Morgan Stanley Capital Services LLC

  $ 72,400,000       Receive       1-Month LIBOR       1.994     Monthly       6/01/18       7/01/25       7/01/27     $ (4,721,328   $ (4,721,328

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.

 

3

JRS    Nuveen Real Estate Income Fund (continued)
   Portfolio of Investments    March 31, 2021
   (Unaudited)

 

Fair Value Measurements

The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

 

Level 1 –   Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –   Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 –   Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The following table summarizes the market value of the Fund’s investments as of the end of the reporting period, based on the inputs used to value them:

 

      Level 1      Level 2      Level 3      Total  

Long-Term Investments:

           

Real Estate Investment Trust Common Stocks

   $ 275,955,338      $      $      $ 275,955,338  

Real Estate Investment Trust Preferred Stocks

     111,114,621        20,052,701               131,167,322  

Short-Term Investments:

           

Repurchase Agreements

            16,758,034               16,758,034  

Investments in Derivatives:

           

Interest Rate Swaps*

            (4,721,328             (4,721,328

Total

   $ 387,069,959      $ 32,089,407      $      $ 419,159,366  
*

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 applicable to common shares unless otherwise noted.

 

(2)

Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.

 

(3)

Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives.

 

(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)

For fair value measurement disclosure purposes, investment classified as Level 2.

 

(6)

Borrowings as a percentage of Total Investments is 27.2%.

 

(7)

The Fund may pledge up to 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings. As of the end of the reporting period investments with a value of $215,558,621 have been pledged as collateral for borrowings.

 

(8)

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.

 

(9)

Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract.

 

LIBOR

London Inter-Bank Offered Rate

 

REIT

Real Estate Investment Trust

 

4