NPORT-EX 2 QQQX.htm
QQQX
Nuveen Nasdaq 100 Dynamic Overwrite Fund
Portfolio of Investments    September 30, 2020
(Unaudited)
Shares   Description (1)           Value
    LONG-TERM INVESTMENTS – 102.1%            
    COMMON STOCKS – 100.1%            
    Air Freight & Logistics – 0.1%            
2,896   FedEx Corp           $728,402
    Airlines – 0.3%            
32,639   Delta Air Lines Inc, (2)           998,101
7,099   Ryanair Holdings PLC, Sponsored ADR           580,414
27,690   Southwest Airlines Co, (2)           1,038,375
    Total Airlines           2,616,890
    Auto Components – 0.1%            
28,008   American Axle & Manufacturing Holdings Inc, (2)           161,606
23,148   Gentex Corp           596,061
4,440   Lear Corp, (2)           484,182
    Total Auto Components           1,241,849
    Automobiles – 0.0%            
51,765   Ford Motor Co           344,755
    Banks – 0.0%            
5,265   JPMorgan Chase & Co           506,861
    Beverages – 0.9%            
24,003   Brown-Forman Corp, Class B           1,807,906
95,731   Monster Beverage Corp, (2)           7,677,626
    Total Beverages           9,485,532
    Biotechnology – 6.3%            
8,740   Agios Pharmaceuticals Inc, (2)           305,900
14,795   Alkermes PLC, (2)           245,153
110,000   Amgen Inc, (3)           27,957,600
29,864   Biogen Inc, (2)           8,471,820
212,245   Gilead Sciences Inc           13,411,762
65,227   ImmunoGen Inc, (2)           234,817
11,093   Ionis Pharmaceuticals Inc, (2)           526,363
13,511   Myriad Genetics Inc, (2)           176,183
18,529   Regeneron Pharmaceuticals Inc, (2)           10,372,164
12,821   Seattle Genetics Inc, (2)           2,508,941
3,808   United Therapeutics Corp, (2)           384,608
    Total Biotechnology           64,595,311
1
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund (continued)
  Portfolio of Investments September 30, 2020
  (Unaudited)
Shares   Description (1)           Value
    Capital Markets – 0.6%            
10,425   Moody's Corp           $3,021,686
25,767   Morgan Stanley           1,245,834
12,243   SEI Investments Co           620,965
7,690   T Rowe Price Group Inc           986,012
    Total Capital Markets           5,874,497
    Chemicals – 0.3%            
6,204   Ecolab Inc           1,239,807
3,175   Sherwin-Williams Co           2,212,150
    Total Chemicals           3,451,957
    Commercial Services & Supplies – 0.5%            
10,872   Copart Inc, (2)           1,143,299
8,008   IAA Inc, (2)           416,977
8,008   KAR Auction Services Inc, (2)           115,315
15,793   Tetra Tech Inc           1,508,231
7,562   Waste Connections Inc           784,936
9,915   Waste Management Inc           1,122,081
    Total Commercial Services & Supplies           5,090,839
    Communications Equipment – 2.6%            
670,000   Cisco Systems Inc, (3)           26,391,300
5,262   F5 Networks Inc, (2)           646,016
    Total Communications Equipment           27,037,316
    Containers & Packaging – 0.1%            
4,212   Ball Corp           350,101
10,528   International Paper Co           426,805
    Total Containers & Packaging           776,906
    Distributors – 0.3%            
3,632   Genuine Parts Co           345,658
8,210   Pool Corp           2,746,573
    Total Distributors           3,092,231
    Diversified Consumer Services – 0.2%            
45,483   Service Corp International/US           1,918,473
    Electrical Equipment – 0.2%            
9,896   Rockwell Automation Inc           2,183,849
    Electronic Equipment, Instruments & Components – 0.3%            
3,870   Arrow Electronics Inc, (2)           304,414
6,276   Avnet Inc           162,172
31,913   Corning Inc           1,034,300
8,100   Keysight Technologies Inc, (2)           800,118
2
Shares   Description (1)           Value
    Electronic Equipment, Instruments & Components (continued)            
14,485   National Instruments Corp           $517,115
    Total Electronic Equipment, Instruments & Components           2,818,119
    Energy Equipment & Services – 0.0%            
685   Nabors Industries Ltd, (2)           16,741
39,272   Transocean Ltd, (2)           31,689
    Total Energy Equipment & Services           48,430
    Entertainment – 0.0%            
10,213   Cinemark Holdings Inc, (2)           102,130
    Equity Real Estate Investment Trust – 0.3%            
19,395   Apartment Investment and Management Co, Class A           654,000
57,484   CubeSmart           1,857,308
3,390   Retail Value Inc           42,612
31,377   SITE Centers Corp           225,914
    Total Equity Real Estate Investment Trust           2,779,834
    Food & Staples Retailing – 0.3%            
4,001   Casey's General Stores Inc           710,778
26,637   Kroger Co           903,261
9,160   Sysco Corp           569,935
21,374   US Foods Holding Corp, (2)           474,930
    Total Food & Staples Retailing           2,658,904
    Food Products – 0.1%            
16,004   Conagra Brands Inc           571,503
5,580   Hain Celestial Group Inc, (2)           191,394
11,581   Pilgrim's Pride Corp, (2)           173,309
4,002   Post Holdings Inc, (2)           344,172
    Total Food Products           1,280,378
    Health Care Equipment & Supplies – 1.5%            
72,225   Abbott Laboratories           7,860,247
3,843   Becton Dickinson and Co           894,189
16,846   Danaher Corp           3,627,449
8,881   Hill-Rom Holdings Inc           741,652
3,909   Stryker Corp           814,519
11,687   Zimmer Biomet Holdings Inc           1,591,068
    Total Health Care Equipment & Supplies           15,529,124
    Health Care Providers & Services – 0.1%            
4,308   McKesson Corp           641,591
8,366   Universal Health Services Inc, Class B, (2)           895,329
    Total Health Care Providers & Services           1,536,920
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QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund (continued)
  Portfolio of Investments September 30, 2020
  (Unaudited)
Shares   Description (1)           Value
    Hotels, Restaurants & Leisure – 0.3%            
21,808   Carnival Corp, (2)           $331,045
10,528   Darden Restaurants Inc           1,060,591
30,743   Restaurant Brands International Inc           1,768,030
    Total Hotels, Restaurants & Leisure           3,159,666
    Household Durables – 0.2%            
43,730   KB Home           1,678,795
    Industrial Conglomerates – 0.1%            
6,042   Honeywell International Inc           994,574
    Insurance – 0.2%            
24,898   Fidelity National Financial Inc           779,556
12,635   Globe Life Inc           1,009,537
    Total Insurance           1,789,093
    Interactive Media & Services – 13.6%            
31,000   Alphabet Inc, Class A, (2), (3)           45,433,600
25,965   Alphabet Inc, Class C, (2), (3)           38,158,164
45,270   Baidu Inc., Sponsored ADR, (2)           5,730,729
170,000   Facebook Inc, Class A, (2)           44,523,000
39,995   Match Group Inc, (2)           4,425,447
31,584   Twitter Inc, (2)           1,405,488
    Total Interactive Media & Services           139,676,428
    Internet & Direct Marketing Retail – 15.1%            
41,000   Amazon.com Inc, (2), (3)           129,097,930
8,950   Booking Holdings Inc, (2)           15,310,586
221,092   eBay Inc           11,518,893
    Total Internet & Direct Marketing Retail           155,927,409
    IT Services – 4.4%            
7,635   Black Knight Inc, (2)           664,627
12,993   DXC Technology Co, (2)           231,925
20,170   Genpact Ltd           785,621
47,376   Jack Henry & Associates Inc           7,702,864
5,212   Leidos Holdings Inc           464,650
180,000   PayPal Holdings Inc, (2)           35,465,400
6,498   Perspecta Inc           126,386
    Total IT Services           45,441,473
    Life Sciences Tools & Services – 0.2%            
12,612   Agilent Technologies Inc           1,273,055
5,019   Charles River Laboratories International Inc, (2)           1,136,553
    Total Life Sciences Tools & Services           2,409,608
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Shares   Description (1)           Value
    Machinery – 0.2%            
10,028   Caterpillar Inc           $1,495,676
8,396   Fortive Corp           639,859
    Total Machinery           2,135,535
    Media – 3.5%            
5,160   AMC Networks Inc, Class A, (2)           127,504
714,120   Comcast Corp, Class A           33,035,191
83,840   News Corp, Class A           1,175,437
69,579   News Corp, Class B           972,714
20,215   ViacomCBS Inc, Class B           566,222
7,198   WPP PLC, Sponsored ADR           282,450
    Total Media           36,159,518
    Multiline Retail – 0.2%            
67,075   JC Penney Co Inc, (2)           16,031
7,265   Kohl's Corp, (2)           134,620
10,635   Target Corp           1,674,162
    Total Multiline Retail           1,824,813
    Oil, Gas & Consumable Fuels – 0.1%            
9,160   Continental Resources Inc, (2)           112,485
9,792   Devon Energy Corp           92,632
25,091   Marathon Oil Corp, (2)           102,622
11,899   Noble Energy Inc           101,737
27,061   QEP Resources Inc, (2)           24,431
16,215   Range Resources Corp, (2)           107,343
    Total Oil, Gas & Consumable Fuels           541,250
    Pharmaceuticals – 0.8%            
125,563   Bristol-Myers Squibb Co, (3)           7,570,193
6,272   Jazz Pharmaceuticals PLC, (2)           894,325
    Total Pharmaceuticals           8,464,518
    Professional Services – 0.3%            
10,853   IHS Markit Ltd           852,069
12,068   ManpowerGroup Inc           884,946
20,634   Robert Half International Inc           1,092,364
    Total Professional Services           2,829,379
    Semiconductors & Semiconductor Equipment – 13.8%            
96,860   Analog Devices Inc, (3)           11,307,436
289,508   Applied Materials Inc, (3)           17,211,251
600,000   Intel Corp           31,068,000
86,857   NVIDIA Corp           47,008,745
29,359   ON Semiconductor Corp, (2)           636,797
12,494   Power Integrations Inc           692,168
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QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund (continued)
  Portfolio of Investments September 30, 2020
  (Unaudited)
Shares   Description (1)           Value
    Semiconductors & Semiconductor Equipment (continued)            
248,466   QUALCOMM Inc           $29,239,479
10,683   Silicon Laboratories Inc, (2)           1,045,332
21,231   Skyworks Solutions Inc           3,089,110
9,087   Taiwan Semiconductor Manufacturing Co Ltd, Sponsored ADR           736,683
    Total Semiconductors & Semiconductor Equipment           142,035,001
    Software – 15.3%            
18,951   ANSYS Inc, (2)           6,201,336
56,850   Autodesk Inc, (2), (3)           13,132,918
12,546   CDK Global Inc           546,880
5,062   J2 Global Inc, (2)           350,392
630,000   Microsoft Corp           132,507,900
1,668   MicroStrategy Inc, Class A, (2)           251,134
23,399   Open Text Corp           988,374
42,113   Oracle Corp           2,514,146
13,058   PTC Inc, (2)           1,080,158
    Total Software           157,573,238
    Specialty Retail – 0.7%            
15,690   Aaron's Inc           888,838
4,707   Advance Auto Parts Inc           722,524
843   AutoZone Inc, (2)           992,751
17,372   Bed Bath & Beyond Inc, (2), (4)           260,233
21,056   CarMax Inc, (2)           1,935,257
18,467   Dick's Sporting Goods Inc           1,068,870
9,792   Foot Locker Inc           323,430
15,249   Michaels Cos Inc, (2)           147,229
14,740   Sally Beauty Holdings Inc, (2)           128,091
18,741   Urban Outfitters Inc, (2)           390,000
    Total Specialty Retail           6,857,223
    Technology Hardware, Storage & Peripherals – 15.6%            
1,373,148   Apple Inc, (3)           159,024,270
20,051   Hewlett Packard Enterprise Co           187,878
27,986   NetApp Inc           1,226,906
    Total Technology Hardware, Storage & Peripherals           160,439,054
    Textiles, Apparel & Luxury Goods – 0.1%            
7,785   PVH Corp, (2)           464,297
4,000   Ralph Lauren Corp, (2)           271,880
18,741   Skechers USA Inc, Class A, (2)           566,353
    Total Textiles, Apparel & Luxury Goods           1,302,530
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Shares   Description (1)           Value
    Wireless Telecommunication Services – 0.3%            
18,530   IAC/InterActiveCorp, (2)           $2,219,523
20,261   Telephone and Data Systems Inc           373,613
3,089   T-Mobile US Inc, (2)           353,258
13,699   United States Cellular Corp, (2)           404,532
    Total Wireless Telecommunication Services           3,350,926
    Total Common Stocks (cost $249,147,196)           1,030,289,538
    
Shares   Description (1), (5)           Value
    EXCHANGE-TRADED FUNDS – 2.0%            
90,000   Vanguard Total Stock Market ETF           $15,327,900
20,000   Invesco QQQ Trust Series 1           5,556,800
    Total Exchange-Traded Funds (cost $20,472,109)           20,884,700
    
Shares   Description (1)           Value
    COMMON STOCK RIGHTS – 0.0%            
    Pharmaceuticals – 0.0%            
137,136   Bristol-Myers Squibb Co           $308,556
    Total Common Stock Rights (cost $292,100)           308,556
    Total Long-Term Investments (cost $269,911,405)           1,051,482,794
    
Shares   Description (1)   Coupon   Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.0%      
    Money Market Funds – 0.0%        
257,987   State Street Navigator Securities Lending Government Money Market Portfolio, (6)   0.090% (7)   $257,987
    Total Investments Purchased with Collateral from Securities Lending (cost $257,987)     257,987
    
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 0.2%            
    REPURCHASE AGREEMENTS – 0.2%            
$2,000   Repurchase Agreement with Fixed Income Clearing Corporation, dated 09/30/20, repurchase price $2,000,309, collateralized by $2,049,700, U.S. Treasury Notes, 0.375%, due 9/30/27, value $2,040,413     0.000% 10/01/20   $2,000,309
    Total Short-Term Investments (cost $2,000,309)           2,000,309
    Total Investments (cost $272,169,701) – 102.3%           1,053,741,090
    Other Assets Less Liabilities – (2.3)% (8)           (24,015,674)
    Net Assets Applicable to Common Shares – 100%           $1,029,725,416
7
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund (continued)
  Portfolio of Investments September 30, 2020
  (Unaudited)
Investments in Derivatives
Options Purchased  
Description (9) Type Number of
Contracts 		Notional
Amount (10) 		Exercise
Price 		Expiration
Date 		Value
Chicago Board Options Exchange SPX Volatility Index Call 250 $875,000 $35 10/21/20 $41,250
Cisco Systems Inc Call 100 450,000 45 10/16/20 100
Financial Select Sector SPDR Fund Call 150 405,000 27 10/16/20 225
SPDR S&P Bank ETF Call 150 510,000 34 10/16/20 1,500
Total Options Purchased (premiums paid $64,677)   650 $2,240,000     $43,075
    
Options Written  
Description (9) Type Number of
Contracts 		Notional
Amount (10) 		Exercise
Price 		Expiration
Date 		Value
NASDAQ 100 Stock Index Call (405) $(445,500,000) $11,000 10/16/20 $(20,622,600)
Russell 2000® Index Call (175) (27,125,000) 1,550 10/16/20 (226,625)
Russell 2000® Index Call (18) (2,970,000) 1,650 11/20/20 (30,257)
S&P 500 Index Call (320) (108,800,000) 3,400 10/16/20 (1,182,400)
S&P 500 Index Call (320) (110,400,000) 3,450 10/16/20 (636,800)
Total Options Written (premiums received $15,267,349)   (1,238) $(694,795,000)     $(22,698,682)
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
8
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $1,030,289,538 $ — $ — $1,030,289,538
Exchange-Traded Funds 20,884,700  —  — 20,884,700
Common Stock Rights 308,556  —  — 308,556
Investments Purchased with Collateral from Securities Lending 257,987  —  — 257,987
Short-Term Investments:        
Repurchase Agreements  — 2,000,309  — 2,000,309
Investments in Derivatives:        
Options Purchased 43,075  —  — 43,075
Options Written (22,698,682)  —  — (22,698,682)
Total $1,029,085,174 $2,000,309 $ — $1,031,085,483
    
  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 a dividend within the past twelve months.  
(3) Investment, or portion of investment, has been pledged to collateralized the net payment obligations for investments in derivatives.  
(4) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $257,626.  
(5) A copy of the most recent financial statements for the exchange-traded funds in which the Fund invests can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.  
(6) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(7) The rate shown is the one-day yield as of the end of the reporting period.  
(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) Exchange-traded, unless otherwise noted.  
(10) For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.  
ADR American Depositary Receipt  
ETF Exchange-Traded Fund  
S&P Standard & Poor's  
SPDR Standard & Poor's Depositary Receipt  
9