NPORT-EX 1 JCE.htm
JCE
Nuveen Core Equity Alpha Fund
Portfolio of Investments    March 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 99.5%        
    COMMON STOCKS – 99.5%        
    Aerospace & Defense – 3.6%        
14,488   Boeing Company, (2)       $5,526,013
10,800   Textron Inc       547,128
4,555   TransDigm Group Inc, (3)       2,067,924
    Total Aerospace & Defense       8,141,065
    Air Freight & Logistics – 0.6%        
15,000   CH Robinson Worldwide Inc       1,304,850
    Airlines – 0.4%        
2,553   Alaska Air Group Inc       143,274
10,900   United Continental Holdings Inc, (3)       869,602
    Total Airlines       1,012,876
    Banks – 1.6%        
3,824   Comerica Inc       280,376
55,500   Huntington Bancshares Inc, (2)       703,740
2,275   People's United Financial Inc       37,401
811   PNC Financial Services Group Inc/The       99,477
148,900   Regions Financial Corporation, (2)       2,106,935
3,072   SunTrust Banks Inc       182,016
678   SVB Financial Group, (3)       150,760
    Total Banks       3,560,705
    Beverages – 0.1%        
1,145   Constellation Brands Inc       200,753
    Biotechnology – 0.6%        
2,880   Amgen Inc       547,143
604   Incyte Corp, (3)       51,950
1,799   Regeneron Pharmaceuticals Inc, (3)       738,705
    Total Biotechnology       1,337,798
    Building Products – 0.1%        
3,666   Allegion PLC       332,543
    Capital Markets – 6.0%        
724   Affiliated Managers Group Inc       77,548
981   Cboe Global Markets Inc       93,627
21,300   CME Group Inc       3,505,554
1
JCE Nuveen Core Equity Alpha Fund (continued)
  Portfolio of Investments March 31, 2019
  (Unaudited)
Shares   Description (1)       Value
    Capital Markets (continued)        
1,607   E*TRADE Financial Corp       $74,613
5,190   Franklin Resources Inc       171,997
3,207   Intercontinental Exchange Inc       244,181
3,098   Invesco Ltd       59,822
15,300   Moody's Corporation       2,770,677
5,000   MSCI Inc       994,200
16,300   Nasdaq Inc       1,426,087
15,200   S&P Global Inc       3,200,360
10,937   T Rowe Price Group Inc       1,095,012
    Total Capital Markets       13,713,678
    Chemicals – 1.8%        
31,400   CF Industries Holdings Inc       1,283,632
960   FMC Corp       73,747
3,433   International Flavors & Fragrances Inc       442,136
34,644   Mosaic Co/The       946,128
3,305   Sherwin-Williams Company       1,423,497
    Total Chemicals       4,169,140
    Commercial Services & Supplies – 2.0%        
4,400   Cintas Corp       889,284
9,916   Copart Inc, (3)       600,810
25,900   Republic Services Inc.       2,081,842
20,700   Rollins Inc       861,534
    Total Commercial Services & Supplies       4,433,470
    Communications Equipment – 1.3%        
5,500   F5 Networks Inc, (3)       863,115
29,620   Juniper Networks Inc       784,041
8,800   Motorola Solutions Inc       1,235,696
    Total Communications Equipment       2,882,852
    Construction & Engineering – 0.4%        
13,800   Fluor Corp       507,840
6,500   Jacobs Engineering Group Inc       488,735
    Total Construction & Engineering       996,575
    Construction Materials – 0.0%        
262   Martin Marietta Materials Inc       52,709
462   Vulcan Materials Co       54,701
    Total Construction Materials       107,410
    Consumer Finance – 0.5%        
14,700   Discover Financial Services       1,046,052
2
Shares   Description (1)       Value
    Containers & Packaging – 0.3%        
10,200   Ball Corporation       $590,172
1,099   Sealed Air Corp       50,620
    Total Containers & Packaging       640,792
    Distributors – 0.2%        
3,480   Genuine Parts Company       389,864
    Diversified Consumer Services – 0.1%        
10,150   H&R Block Inc       242,991
    Diversified Financial Services – 0.0%        
2,441   Jefferies Financial Group Inc       45,866
    Diversified Telecommunication Services – 0.3%        
65,100   CenturyLink Inc, (2)       780,549
    Electric Utilities – 2.9%        
3,806   Edison International       235,668
4,432   Entergy Corp       423,832
9,800   Evergy Inc.       568,890
3,858   Eversource Energy       273,725
21,300   Exelon Corp       1,067,769
9,700   FirstEnergy Corp       403,617
18,151   NextEra Energy Inc.       3,508,951
1,424   Pinnacle West Capital Corporation       136,106
    Total Electric Utilities       6,618,558
    Electrical Equipment – 0.7%        
18,400   AMETEK Inc       1,526,648
    Electronic Equipment, Instruments & Components – 1.5%        
29,685   Amphenol Corporation       2,803,452
19,723   Corning Inc       652,831
    Total Electronic Equipment, Instruments & Components       3,456,283
    Energy Equipment & Services – 0.7%        
3,462   Baker Hughes a GE Co       95,967
55,400   National Oilwell Varco Inc, (2)       1,475,856
1,577   TechnipFMC PLC       37,091
    Total Energy Equipment & Services       1,608,914
    Entertainment – 0.6%        
1,204   Netflix Inc, (3)       429,298
6,305   Viacom Inc       176,982
6,489   Walt Disney Company       720,527
    Total Entertainment       1,326,807
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JCE Nuveen Core Equity Alpha Fund (continued)
  Portfolio of Investments March 31, 2019
  (Unaudited)
Shares   Description (1)       Value
    Equity Real Estate Investment Trust – 6.6%        
4,075   American Tower Corp       $803,019
14,643   Apartment Investment & Management Company, Class A       736,396
5,115   AvalonBay Communities Inc.       1,026,734
4,145   Crown Castle International Corp       530,560
16,865   Digital Realty Trust Inc.       2,006,935
4,412   Duke Realty Corp       134,919
10,300   Equity Residential       775,796
8,352   Extra Space Storage Inc.       851,152
1,500   Federal Realty Investment Trust       206,775
12,900   HCP Inc.       403,770
11,200   Host Hotels & Resorts Inc.       211,680
5,100   Iron Mountain Inc.       180,846
16,719   Kimco Realty Corp, (2)       309,302
6,700   Mid-America Apartment Communities Inc.       732,511
15,206   Prologis Inc., (2)       1,094,072
14,946   Realty Income Corp       1,099,428
14,300   Regency Centers Corp       965,107
2,800   Simon Property Group Inc.       510,188
10,200   UDR Inc.       463,692
1,810   Ventas Inc.       115,496
25,100   Welltower Inc.       1,947,760
    Total Equity Real Estate Investment Trust       15,106,138
    Food & Staples Retailing – 1.2%        
5,900   Costco Wholesale Corp       1,428,626
14,700   Kroger Company       361,620
8,900   Sysco Corporation       594,164
6,260   Walgreens Boots Alliance Inc       396,070
    Total Food & Staples Retailing       2,780,480
    Food Products – 2.2%        
31,700   Archer-Daniels-Midland Company       1,367,221
1,134   Hershey Co/The       130,217
18,900   Hormel Foods Corp       845,964
17,200   Kellogg Co       986,936
4,621   Lamb Weston Holdings Inc       346,298
9,364   McCormick & Co Inc/MD       1,410,499
    Total Food Products       5,087,135
    Health Care Equipment & Supplies – 7.7%        
10,000   Abbott Laboratories       799,400
3,300   ABIOMED Inc, (3)       942,447
3,386   Align Technology Inc, (3)       962,741
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Shares   Description (1)       Value
    Health Care Equipment & Supplies (continued)        
34,300   Baxter International Inc       $2,788,933
4,870   Becton Dickinson and Company, (2)       1,216,185
24,746   Boston Scientific Corporation, (3)       949,752
1,330   Cooper Cos Inc/The       393,906
1,380   Dentsply Sirona Inc       68,434
2,380   Edwards Lifesciences Corp, (3)       455,366
8,090   Hologic Inc, (3)       391,556
4,600   IDEXX Laboratories Inc, (3)       1,028,560
12,200   Intuitive Surgical Inc, (3)       6,961,076
1,217   Medtronic PLC       110,844
4,600   ResMed Inc       478,262
    Total Health Care Equipment & Supplies       17,547,462
    Health Care Providers & Services – 5.9%        
5,370   Anthem Inc       1,541,083
36,450   Centene Corp, (3)       1,935,495
5,254   Cigna Corporation       844,948
6,903   CVS Health Corporation       372,279
28,694   HCA Inc       3,741,124
13,200   Henry Schein Inc, (3)       793,452
5,750   Humana Inc       1,529,500
750   UnitedHealth Group Inc       185,445
1,670   Universal Health Services Inc       223,396
7,875   WellCare Health Plans Inc, (3)       2,124,281
    Total Health Care Providers & Services       13,291,003
    Hotels, Restaurants & Leisure – 0.5%        
2,164   Darden Restaurants Inc       262,861
2,730   Marriott International Inc.       341,496
4,320   MGM Resorts International       110,851
413   Royal Caribbean Cruises Ltd       47,338
851   Wynn Resorts Ltd       101,541
1,863   Yum! Brands Inc       185,946
    Total Hotels, Restaurants & Leisure       1,050,033
    Household Durables – 0.1%        
2,107   Garmin Ltd       181,940
2,693   PulteGroup Inc       75,296
    Total Household Durables       257,236
    Household Products – 1.3%        
30,672   Church & Dwight Co Inc       2,184,767
5,055   Clorox Co/The       811,125
    Total Household Products       2,995,892
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JCE Nuveen Core Equity Alpha Fund (continued)
  Portfolio of Investments March 31, 2019
  (Unaudited)
Shares   Description (1)       Value
    Independent Power & Renewable Electricity Producers – 1.1%        
36,100   AES Corp/VA       $652,688
42,400   NRG Energy Inc, (2)       1,801,152
    Total Independent Power & Renewable Electricity Producers       2,453,840
    Insurance – 4.0%        
14,600   Aflac Inc       730,000
17,800   Allstate Corporation       1,676,404
1,621   Aon PLC       276,705
9,987   Arthur J Gallagher & Company       779,985
6,700   Assurant Inc       635,897
2,822   Brighthouse Financial Inc, (3)       102,410
7,781   Cincinnati Financial Corp       668,388
332   Everest Re Group Ltd       71,699
670   Hartford Financial Services Group Inc.       33,312
1,356   Loews Corp       64,993
1,210   Principal Financial Group Inc       60,730
55,200   Progressive Corp/The, (2)       3,979,368
450   Torchmark Corporation       36,877
    Total Insurance       9,116,768
    Interactive Media & Services – 0.1%        
4,100   TripAdvisor Inc, (3)       210,945
    IT Services – 6.8%        
1,302   Accenture PLC       229,178
5,275   Alliance Data Systems Corporation       923,020
17,905   Automatic Data Processing Inc       2,860,145
6,500   Fiserv Inc, (3)       573,820
7,000   Gartner Inc, (3)       1,061,760
11,343   Mastercard Inc       2,670,709
15,000   Paychex Inc       1,203,000
13,788   PayPal Holdings Inc, (2), (3)       1,431,746
20,200   Total System Services Inc       1,919,202
13,200   VeriSign Inc, (3)       2,396,592
1,575   Visa Inc       245,999
    Total IT Services       15,515,171
    Life Sciences Tools & Services – 1.3%        
6,315   Illumina Inc, (3)       1,962,008
4,505   IQVIA Holdings Inc, (3)       648,044
2,700   PerkinElmer Inc       260,172
579   Thermo Fisher Scientific Inc       158,484
    Total Life Sciences Tools & Services       3,028,708
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Shares   Description (1)       Value
    Machinery – 0.9%        
2,002   Cummins Inc       $316,056
2,132   Deere & Company       340,779
801   Dover Corp       75,134
20,000   Flowserve Corp       902,800
2,400   Ingersoll-Rand PLC       259,080
579   Snap-on Inc       90,625
    Total Machinery       1,984,474
    Media – 1.0%        
657   Charter Communications Inc, (3)       227,920
8,800   Discovery Inc, (3)       237,776
47,648   Discovery Inc, (2), (3)       1,211,212
1,700   Fox Corp, (3)       62,407
4,800   Fox Corp, (3)       172,224
5,351   News Corporation       66,566
2,635   Omnicom Group Inc       192,329
    Total Media       2,170,434
    Metals & Mining – 0.1%        
6,427   Freeport-McMoRan Inc       82,844
4,128   Newmont Mining Corporation       147,659
    Total Metals & Mining       230,503
    Multiline Retail – 3.3%        
10,300   Dollar General Corp       1,228,790
25,700   Dollar Tree Inc, (3)       2,699,528
14,600   Kohl's Corporation       1,004,042
20,600   Macy's Inc       495,018
2,601   Nordstrom Inc       115,432
25,100   Target Corporation       2,014,526
    Total Multiline Retail       7,557,336
    Multi-Utilities – 1.5%        
20,600   Ameren Corporation       1,515,130
13,600   CMS Energy Corp       755,344
1,086   DTE Energy Co       135,468
9,500   NiSource Inc       272,270
6,400   Public Service Enterprise Group Inc       380,224
4,465   WEC Energy Group Inc       353,092
    Total Multi-Utilities       3,411,528
    Oil, Gas & Consumable Fuels – 4.7%        
5,791   Anadarko Petroleum Corporation       263,375
9,115   Apache Corp       315,926
1,968   Cabot Oil & Gas Corp       51,365
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JCE Nuveen Core Equity Alpha Fund (continued)
  Portfolio of Investments March 31, 2019
  (Unaudited)
Shares   Description (1)       Value
    Oil, Gas & Consumable Fuels (continued)        
995   Concho Resources Inc       $110,405
33,600   ConocoPhillips       2,242,464
4,642   Devon Energy Corporation       146,501
1,884   Diamondback Energy Inc       191,282
17,600   Hess Corporation       1,060,048
12,300   HollyFrontier Corp       606,021
53,900   Kinder Morgan Inc/DE, (2)       1,078,539
28,600   Marathon Oil Corporation       477,906
2,784   Marathon Petroleum Corporation       166,622
2,164   Noble Energy Inc       53,516
6,200   Occidental Petroleum Corporation       410,440
32,600   ONEOK Inc., (2)       2,276,784
721   Phillips 66       68,618
467   Pioneer Natural Resources Co       71,115
11,737   Valero Energy Corporation       995,650
2,408   Williams Cos Inc/The       69,158
    Total Oil, Gas & Consumable Fuels       10,655,735
    Personal Products – 0.9%        
22,360   Coty Inc       257,140
11,435   Estee Lauder Cos Inc/The       1,893,064
    Total Personal Products       2,150,204
    Pharmaceuticals – 3.2%        
3,425   Allergan PLC       501,454
19,100   Eli Lilly & Company       2,478,416
11,286   Merck & Co Inc       938,657
9,431   Pfizer Inc       400,534
29,000   Zoetis Inc       2,919,430
    Total Pharmaceuticals       7,238,491
    Professional Services – 0.9%        
5,800   IHS Markit Ltd, (3)       315,404
13,600   Robert Half International Inc       886,176
5,600   Verisk Analytics Inc       744,800
    Total Professional Services       1,946,380
    Road & Rail – 2.5%        
43,653   CSX Corp, (2)       3,266,117
10,250   Norfolk Southern Corporation       1,915,623
2,575   Union Pacific Corporation       430,540
    Total Road & Rail       5,612,280
    Semiconductors & Semiconductor Equipment – 1.1%        
61,650   Advanced Micro Devices Inc, (2), (3)       1,573,308
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Shares   Description (1)       Value
    Semiconductors & Semiconductor Equipment (continued)        
841   Applied Materials Inc       $33,354
284   Lam Research Corporation       50,839
954   Qorvo Inc, (3)       68,431
2,977   QUALCOMM Inc       169,778
4,158   Xilinx Inc       527,193
    Total Semiconductors & Semiconductor Equipment       2,422,903
    Software – 3.7%        
3,900   Adobe Inc, (3)       1,039,311
6,300   Citrix Systems Inc       627,858
13,300   Fortinet Inc, (3)       1,116,801
6,700   Intuit Inc       1,751,447
5,904   Microsoft Corporation       696,318
1,982   Red Hat Inc, (3)       362,111
17,600   salesforcecom Inc, (3)       2,787,312
    Total Software       8,381,158
    Specialty Retail – 7.3%        
10,980   Advance Auto Parts Inc       1,872,419
2,600   AutoZone Inc, (3)       2,662,712
1,700   CarMax Inc, (3)       118,660
8,137   L Brands Inc       224,418
8,820   O'Reilly Automotive Inc, (3)       3,424,806
18,155   Ross Stores Inc       1,690,231
49,055   TJX Cos Inc, (2)       2,610,217
19,000   Tractor Supply Co       1,857,440
5,810   Ulta Beauty Inc, (3)       2,026,121
    Total Specialty Retail       16,487,024
    Technology Hardware, Storage & Peripherals – 0.9%        
1,471   Apple Inc       279,416
21,900   NetApp Inc       1,518,546
1,074   Seagate Technology PLC       51,434
2,143   Western Digital Corp       102,993
    Total Technology Hardware, Storage & Peripherals       1,952,389
    Textiles, Apparel & Luxury Goods – 1.4%        
13,600   Capri Holdings Ltd, (3)       622,200
5,000   NIKE Inc       421,050
25,300   VF Corporation       2,198,823
    Total Textiles, Apparel & Luxury Goods       3,242,073
    Trading Companies & Distributors – 0.9%        
7,400   Fastenal Co       475,894
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JCE Nuveen Core Equity Alpha Fund (continued)
  Portfolio of Investments March 31, 2019
  (Unaudited)
Shares   Description (1)       Value
    Trading Companies & Distributors (continued)        
5,000   WW Grainger Inc       $1,504,650
    Total Trading Companies & Distributors       1,980,544
    Water Utilities – 0.1%        
2,294   American Water Works Co Inc       239,172
    Total Long-Term Investments (cost $197,243,704)       225,980,478
    
Principal Amount (000)   Description (1) Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 0.8%        
    REPURCHASE AGREEMENTS – 0.8%        
$1,951   Repurchase Agreement with Fixed Income Clearing Corporation, dated 03/29/19, repurchase price $1,950,910, collateralized by $1,950,000 U.S. Treasury Notes, 2.500%, due 3/31/23, value $1,996,880 1.200% 4/01/19   $1,950,715
    Total Short-Term Investments (cost $1,950,715)       1,950,715
    Total Investments (cost $199,194,419) – 100.3%       227,931,193
    Other Assets Less Liabilities – (0.3)% (4)       (784,736)
    Net Assets Applicable to Common Shares – 100%       $227,146,457
Investments in Derivatives
Options Written  
Description (5) Type Number of
Contracts 		Notional
Amount (6) 		Exercise
Price 		Expiration
Date 		Value
Russell 2000® Index Call (150) $(23,625,000) $1,575 4/18/19 $(125,250)
Russell 2000® Index Call (150) (24,000,000) 1,600 4/18/19 (43,500)
Total Options Written (premiums received $241,223)   (300) $(47,625,000)     $(168,750)
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.).
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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 $225,980,478 $ — $ — $225,980,478
Short-Term Investments:        
Repurchase Agreements  — 1,950,715  — 1,950,715
Investments in Derivatives:        
Options Written  — (168,750)  — (168,750)
Total $225,980,478 $1,781,965 $ — $227,762,443
    
  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) Investment, or portion of investment, has been pledged to collateralized the net payment obligations for investments in derivatives.  
(3) Non-income producing; issuer has not declared a dividend within the past twelve months.  
(4) 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.  
(5) Exchange-traded, unless otherwise noted.  
(6) For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100.  
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