NPORT-EX 2 FRES.htm
Nuveen Global Infrastructure Fund
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)           Value
    LONG-TERM INVESTMENTS – 98.4%            
    COMMON STOCKS – 90.0%            
    Commercial Services & Supplies – 3.0%            
284,706   Biffa PLC, 144A, (2)           $1,044,038
983   Casella Waste Systems Inc, (2)           62,489
1,324,404   China Everbright Environment Group Ltd, (3)           899,036
924,949   Cleanaway Waste Management Ltd, (3)           1,552,919
48,649   Republic Services Inc           4,833,278
76,546   Waste Connections Inc           8,265,437
17,391   Waste Management Inc           2,243,787
    Total Commercial Services & Supplies           18,900,984
    Construction & Engineering – 4.8%            
28,324   Ameresco Inc, (2)           1,377,396
54,246   Eiffage SA, (3)           5,423,979
250,415   Ferrovial SA, (3)           6,543,577
156,038   Vantage Towers AG, (2)           4,391,659
118,805   Vinci SA, (3)           12,168,218
    Total Construction & Engineering           29,904,829
    Diversified Financial Services – 0.2%            
963,123   Cordiant Digital Infrastructure Ltd, 144A, (2)           1,317,138
    Diversified Telecommunication Services – 2.6%            
114,783   Cellnex Telecom SA, 144A, (3)           6,617,034
1,096,952   HKBN Ltd, (3)           1,597,792
409,217   Infrastrutture Wireless Italiane SpA, 144A, (3)           4,557,589
3,884,015   NetLink NBN Trust, (3)           2,730,542
47,618   Radius Global Infrastructure Inc, (2)           699,984
    Total Diversified Telecommunication Services           16,202,941
    Electric Utilities – 19.7%            
17,991   Alliant Energy Corp           974,393
210,097   Alupar Investimento SA           957,421
18,987   American Electric Power Co Inc           1,608,199
1,385,978   AusNet Services, (3)           1,937,245
353,530   CK Infrastructure Holdings Ltd, (3)           2,107,609
75,509   Duke Energy Corp           7,288,884
7,054   Edison International           413,364
451,165   EDP - Energias de Portugal SA, (3)           2,576,906
116,210   Electricite de France SA, (3)           1,558,866
      1

Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)           Value
    Electric Utilities (continued)            
7,548   Elia Group SA/NV, (3)           $831,246
45,416   Endesa SA, (3)           1,203,631
722,344   Enel SpA, (3)           7,185,409
36,716   Entergy Corp           3,652,141
44,211   Evergy Inc           2,631,881
45,438   Eversource Energy           3,934,476
33,478   Fortis Inc/Canada           1,452,658
936,931   Iberdrola SA, (3)           12,092,894
337,730   Neoenergia SA           999,033
349,782   NextEra Energy Inc           26,447,017
7,175   OGE Energy Corp           232,183
34,732   Orsted AS, 144A, (3)           5,608,015
464,388   Power Grid Corp of India Ltd, (3)           1,372,108
171,344   Southern Co           10,650,743
265,083   Spark Infrastructure Group, (3)           438,078
262,633   SSE PLC, (3)           5,266,048
959,203   Terna Rete Elettrica Nazionale SpA, (3)           7,243,982
81,310   Transmissora Alianca de Energia Eletrica SA           562,228
158,491   Xcel Energy Inc           10,541,236
    Total Electric Utilities           121,767,894
    Gas Utilities – 1.1%            
102,183   APA Group, (3)           780,222
801,421   China Gas Holdings Ltd, (3)           3,290,378
182,796   China Resources Gas Group Ltd, (3)           1,014,592
27,120   Enagas SA, (3)           590,425
203,376   Snam SpA, (3)           1,127,503
    Total Gas Utilities           6,803,120
    Independent Power & Renewable Electricity Producers – 1.4%            
117,868   Clearway Energy Inc           3,316,806
114,135   EDP Renovaveis SA, (3)           2,436,620
17,238   NextEra Energy Partners LP           1,256,306
215,352   Omega Geracao SA, (2)           1,503,617
11,504   Scatec ASA, 144A, (3)           348,572
6,201   Solarpack Corp Tecnologica SA, (2), (3)           152,325
    Total Independent Power & Renewable Electricity Producers           9,014,246
    IT Services – 0.2%            
7,450   GDS Holdings Ltd, ADR, (2)           604,120
61,778   NEXTDC Ltd, (2), (3)           492,040
    Total IT Services           1,096,160
2      

Shares   Description (1)           Value
    Machinery – 0.2%            
37,934   Evoqua Water Technologies Corp, (2)           $997,664
    Media – 0.2%            
3,882,121   Converge ICT Solutions Inc, (2)           1,495,661
    Multi-Utilities – 8.6%            
34,744   ACEA SpA, (3)           759,363
30,235   Brookfield Infrastructure Partners LP           1,610,014
146,062   CenterPoint Energy Inc           3,308,304
127,518   Dominion Energy Inc           9,686,267
24,633   DTE Energy Co           3,279,638
605,772   Engie SA, (3)           8,605,182
863,540   EON SE, (3)           10,063,668
245,608   Iren SpA, (3)           679,272
24,881   National Grid PLC, Sponsored ADR           1,473,950
97,957   NiSource Inc           2,361,743
135,846   RWE AG, (3)           5,330,836
14,081   Sempra Energy           1,866,859
44,359   WEC Energy Group Inc           4,151,559
    Total Multi-Utilities           53,176,655
    Oil, Gas & Consumable Fuels – 12.3%            
117,801   Cheniere Energy Inc, (2)           8,482,850
458,741   Enbridge Inc           16,698,172
179,320   Enterprise Products Partners LP           3,948,626
204,271   Gibson Energy Inc           3,619,890
303,573   Kinder Morgan Inc           5,054,490
21,872   Koninklijke Vopak NV, (3)           1,088,295
48,124   Magellan Midstream Partners LP           2,086,657
65,922   Pembina Pipeline Corp           1,904,169
208,607   Plains GP Holdings LP           1,960,906
467,257   TC Energy Corp           21,420,129
423,246   Williams Cos Inc           10,026,698
    Total Oil, Gas & Consumable Fuels           76,290,882
    Road & Rail – 5.5%            
35,256   Canadian National Railway Co           4,088,991
16,122   Canadian Pacific Railway Ltd           6,114,913
83,666   CSX Corp           8,067,076
26,673   East Japan Railway Co, (3)           1,896,646
26,651   Kansas City Southern           7,033,732
29,854   Union Pacific Corp           6,580,120
    Total Road & Rail           33,781,478
      3

Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)           Value
    Transportation Infrastructure – 27.5%            
130,680   Aena SME SA, 144A, (3)           $21,201,274
67,860   Aeroports de Paris, (3)           8,095,609
101,451   ASTM SpA, (2), (3)           3,065,744
657,626   Atlantia SpA, (2), (3)           12,306,955
1,729,328   Atlas Arteria Ltd, (3)           7,847,347
2,034,793   Auckland International Airport Ltd, (2), (3)           11,172,238
2,432,457   China Merchants Port Holdings Co Ltd, (3)           3,740,158
1,251,099   COSCO SHIPPING Ports Ltd, (3)           912,984
354,370   Enav SpA, 144A, (3)           1,722,516
43,181   Flughafen Wien AG, (3)           1,477,713
34,234   Flughafen Zurich AG, (3)           5,632,467
54,032   Fraport AG Frankfurt Airport Services Worldwide, (3)           3,282,790
483,675   Getlink SE, (3)           7,414,494
126,421   Grupo Aeroportuario del Centro Norte SAB de CV, ADR, (2), (4)           6,386,789
87,449   Grupo Aeroportuario del Pacifico SAB de CV, ADR, (2), (4)           9,198,760
13,991   Grupo Aeroportuario del Sureste SAB de CV, ADR, (2)           2,487,460
1,273,370   International Container Terminal Services Inc, (3)           3,183,305
13,029   Japan Airport Terminal Co Ltd, (2), (3)           642,591
325,938   Jiangsu Expressway Co Ltd, (3)           405,899
287,973   Kamigumi Co Ltd, (3)           5,463,100
149,433   Macquarie Infrastructure Corp           4,753,464
663,787   Port of Tauranga Ltd, (3)           3,578,381
450,993   Promotora y Operadora de Infraestructura SAB de CV           3,442,105
67,196   Promotora y Operadora de Infraestructura SAB de CV           341,906
726,337   Qube Holdings Ltd, (3)           1,658,143
3,673,205   Sydney Airport, (2), (3)           17,356,774
2,281,923   Transurban Group, (3)           23,198,517
19,609   Westshore Terminals Investment Corp           302,709
    Total Transportation Infrastructure           170,272,192
    Water Utilities – 2.7%            
42,603   American Water Works Co Inc           6,387,042
48,504   Essential Utilities Inc           2,170,554
834,515   Guangdong Investment Ltd, (3)           1,363,494
25,983   Pennon Group PLC, (3)           349,152
4      

Shares   Description (1)           Value
    Water Utilities (continued)            
195,875   Severn Trent PLC, (3)           $6,230,276
    Total Water Utilities           16,500,518
    Total Common Stocks (cost $454,846,567)           557,522,362
    
Shares   Description (1)       Value
    REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 8.0%        
    Health Care – 0.5%        
108,433   Medical Properties Trust Inc       $2,307,454
355,804   Parkway Life Real Estate Investment Trust, (3)       1,080,024
    Total Health Care       3,387,478
    Specialized – 7.5%        
86,235   American Tower Corp       20,615,339
5,584   CoreSite Realty Corp       669,242
22,605   Crown Castle International Corp       3,890,999
50,637   CyrusOne Inc       3,429,138
3,063   Digital Realty Trust Inc       431,393
4,421   Equinix Inc       3,004,467
35,774   QTS Realty Trust Inc, Class A       2,219,419
43,346   SBA Communications Corp       12,030,682
    Total Specialized       46,290,679
    Total Real Estate Investment Trust Common Stocks (cost $45,067,464)       49,678,157
    
Shares   Description (1)           Value
    INVESTMENT COMPANIES – 0.4%            
589,259   3i Infrastructure PLC           $2,408,303
    Total Investment Companies (cost $2,174,932)           2,408,303
    
Shares   Description (1)           Value
    COMMON STOCK RIGHTS – 0.0%            
    Gas Utilities – 0.0%            
295,132   Snam SpA, (5)           $346
    Total Common Stock Rights (cost $-)           346
    Total Long-Term Investments (cost $502,088,963)           609,609,168
    
Shares   Description (1)   Coupon   Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.6%      
    MONEY MARKET FUNDS – 0.6%        
3,461,439   State Street Navigator Securities Lending Government Money Market Portfolio, (6)   0.030% (7)   $3,461,439
    Total Investments Purchased with Collateral from Securities Lending (cost $3,461,439)     3,461,439
    
      5

Nuveen Global Infrastructure Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 1.6%            
    REPURCHASE AGREEMENTS – 1.6%            
$9,662   Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $9,661,950, collateralized by $9,547,800, U.S. Treasury Notes, 1.375%, due 1/31/25, value $9,855,258     0.000% 4/01/21   $9,661,950
    Total Short-Term Investments (cost $9,661,950)           9,661,950
    Total Investments (cost $515,212,352) – 100.6%           622,732,557
    Other Assets Less Liabilities – (0.6)%           (3,565,748)
    Net Assets – 100%           $619,166,809
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).
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 $276,051,779 $281,470,583 $ — $557,522,362
Real Estate Investment Trust Common Stocks 48,598,133 1,080,024  — 49,678,157
Investment Companies 2,408,303  —  — 2,408,303
Common Stock Rights  —  — 346 346
Investments Purchased with Collateral from Securities Lending 3,461,439  —  — 3,461,439
Short-Term Investments:        
Repurchase Agreements  — 9,661,950  — 9,661,950
Total $330,519,654 $292,212,557 $346 $622,732,557
6      

  For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.  
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
(3) For fair value measurement disclosure purposes, investment classified as Level 2.  
(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 $3,442,946.  
(5) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3.  
(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.  
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  
      7

Nuveen Real Asset Income Fund
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)           Value
    LONG-TERM INVESTMENTS – 97.6%            
    COMMON STOCKS – 23.7%            
    Air Freight & Logistics – 0.3%            
99,352   Oesterreichische Post AG, (2), (3)           $4,347,534
    Commercial Services & Supplies – 0.3%            
5,971,877   China Everbright Environment Group Ltd, (2)           4,053,847
    Diversified Financial Services – 0.2%            
2,428,606   Sdcl Energy Efficiency Income Trust PLC           3,749,843
    Diversified Telecommunication Services – 1.3%            
3,715,214   HKBN Ltd, (2)           5,411,485
1,108,511   HKT Trust & HKT Ltd, (2)           1,582,245
17,615,894   NetLink NBN Trust, (2)           12,384,332
    Total Diversified Telecommunication Services           19,378,062
    Electric Utilities – 5.7%            
5,202,046   AusNet Services, (2)           7,271,139
59,890   CEZ AS, (2)           1,480,114
479,734   Cia de Transmissao de Energia Eletrica Paulista           2,158,895
199,670   CK Infrastructure Holdings Ltd, (2)           1,190,355
53,204   Edison International           3,117,754
132,269   Emera Inc           5,886,691
328,778   Endesa SA, (2)           8,713,392
269,004   Enel Chile SA, ADR, (3)           1,054,496
246,187   OGE Energy Corp           7,966,611
604,324   Power Assets Holdings Ltd, (2)           3,576,982
160,942   PPL Corp           4,641,567
463,644   Red Electrica Corp SA, (2)           8,224,083
6,051,400   Spark Infrastructure Group, (2)           10,000,581
870,573   SSE PLC, (2)           17,455,838
447,834   Transmissora Alianca de Energia Eletrica SA           3,096,604
    Total Electric Utilities           85,835,102
    Equity Real Estate Investment Trust – 0.1%            
156,343   Nexus Real Estate Investment Trust           1,045,024
    Gas Utilities – 2.8%            
384,123   AltaGas Ltd           6,400,522
212,429   APA Group, (2)           1,622,010
8      

Shares   Description (1)           Value
    Gas Utilities (continued)            
569,326   Enagas SA, (2)           $12,394,713
506,314   Italgas SpA, (2)           3,288,050
192,682   Naturgy Energy Group SA, (2)           4,730,880
1,989,869   Snam SpA, (2)           11,031,699
133,553   South Jersey Industries Inc           3,015,627
    Total Gas Utilities           42,483,501
    Health Care Providers & Services – 0.3%            
270,951   Chartwell Retirement Residences           2,524,736
214,218   Sienna Senior Living Inc           2,440,998
    Total Health Care Providers & Services           4,965,734
    Independent Power & Renewable Electricity Producers – 1.3%            
141,820   Atlantica Sustainable Infrastructure PLC           5,194,866
1,824   Canadian Solar Infrastructure Fund Inc, (2)           2,082,395
8,048   Clearway Energy Inc           226,471
44,029   Clearway Energy Inc           1,167,209
665,673   TransAlta Renewables Inc           10,895,913
    Total Independent Power & Renewable Electricity Producers           19,566,854
    Industrial Conglomerates – 0.0%            
394,599   NWS Holdings Ltd, (2)           418,325
    Multi-Utilities – 2.0%            
45,944   ACEA SpA, (2)           1,004,149
148,240   Canadian Utilities Ltd           3,979,961
473,522   Engie SA, (2)           6,726,529
54,527   EON SE, (2)           635,456
120,772   National Grid PLC, Sponsored ADR           7,154,533
2,790,025   REN - Redes Energeticas Nacionais SGPS SA, (2)           7,786,414
861,873   Vector Ltd, (2)           2,439,327
    Total Multi-Utilities           29,726,369
    Oil, Gas & Consumable Fuels – 5.1%            
250,098   Enbridge Inc           9,103,567
456,464   Enterprise Products Partners LP           10,051,337
394,716   Gibson Energy Inc           6,994,768
461,742   Kinder Morgan Inc           7,688,004
114,189   Magellan Midstream Partners LP           4,951,235
184,042   Pembina Pipeline Corp           5,316,086
377,113   Plains GP Holdings LP           3,544,862
169,551   TC Energy Corp           7,772,606
870,506   Williams Cos Inc           20,622,287
      9

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)           Value
    Oil, Gas & Consumable Fuels (continued)            
264,391   Z Energy Ltd, (2), (4)           $523,173
    Total Oil, Gas & Consumable Fuels           76,567,925
    Real Estate Management & Development – 2.8%            
688,744   Amot Investments Ltd, (2)           3,688,462
32   Ascendas India Trust, (2)           35
364,044   Cibus Nordic Real Estate AB, (2)           6,838,171
96,622   Citycon Oyj, (2)           803,876
23,076   CK Asset Holdings Ltd, (2)           140,477
1,211,299   Corp Inmobiliaria Vesta SAB de CV           2,536,442
248,214   DIC Asset AG, (2)           4,299,714
374,249   Dios Fastigheter AB           3,076,800
404,019   Hongkong Land Holdings Ltd, (2)           1,987,042
96,259   Kennedy-Wilson Holdings Inc           1,945,394
5,715,127   Land & Houses PCL           1,567,666
1,628,500   New World Development Co Ltd, (2)           8,459,535
4,748,918   Sino Land Co Ltd, (2)           6,627,454
    Total Real Estate Management & Development           41,971,068
    Road & Rail – 0.3%            
1,721,665   Aurizon Holdings Ltd, (2)           5,116,303
    Thrifts & Mortgage Finance – 0.1%            
875,944   Real Estate Credit Investments Ltd/Fund, (3)           1,672,492
    Transportation Infrastructure – 0.6%            
365,504   Atlas Arteria Ltd, (2)           1,658,585
2,005,177   China Merchants Port Holdings Co Ltd, (2)           3,083,170
2,257,386   COSCO SHIPPING Ports Ltd, (2)           1,647,317
73,664   Dalrymple Bay Infrastructure Ltd, (4)           123,093
1,453,512   Jiangsu Expressway Co Ltd, (2)           1,810,096
    Total Transportation Infrastructure           8,322,261
    Water Utilities – 0.5%            
734,120   Guangdong Investment Ltd, (2)           1,199,461
778,212   Inversiones Aguas Metropolitanas SA           610,312
473,027   United Utilities Group PLC, (2)           6,044,522
    Total Water Utilities           7,854,295
    Total Common Stocks (cost $315,228,658)           357,074,539
    
10      

Shares   Description (1)       Value
    REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 23.6%        
    Diversified – 3.8%        
1,357,565   Abacus Property Group, (2)       $2,908,472
335,369   Broadstone Net Lease Inc       6,137,253
1,165,685   Charter Hall Long Wale REIT, (2)       4,192,952
14,847   Cofinimmo SA, (2)       2,161,612
1,207,671   GPT Group, (2)       4,236,492
1,023,913   Growthpoint Properties Australia Ltd, (2)       2,709,783
383,174   Home Reit PLC       602,197
1,483   Hulic Reit Inc, (2)       2,326,272
66,279   ICADE, (2)       4,841,802
2,669,648   LXI REIT Plc, (2)       4,638,670
4,493,157   Mapletree North Asia Commercial Trust, (2)       3,547,553
1,766,068   Mirvac Group, (2)       3,368,965
12   Nomura Real Estate Master Fund Inc, (2)       18,067
6,878   Star Asia Investment Corp, (2)       3,277,466
1,372,550   Stockland, (2)       4,607,543
465,479   Stride Property Group, (2)       741,845
69,782   VEREIT Inc       2,694,981
90,341   Washington Real Estate Investment Trust       1,996,536
43,175   WP Carey Inc       3,055,063
    Total Diversified       58,063,524
    Health Care – 4.2%        
95,163   CareTrust REIT Inc       2,215,870
404,841   Global Medical REIT Inc       5,307,466
171,165   Healthcare Trust of America Inc       4,720,731
10,009   LTC Properties Inc       417,576
781,348   Medical Properties Trust Inc       16,627,085
731,219   NorthWest Healthcare Properties Real Estate Investment Trust       7,523,404
300,789   Omega Healthcare Investors Inc       11,017,901
599,433   Physicians Realty Trust       10,591,981
253,756   Sabra Health Care REIT Inc       4,405,204
    Total Health Care       62,827,218
    Hotels – 1.1%        
492,590   MGM Growth Properties LLC       16,068,286
    Industrial – 3.5%        
883,763   APN Industria REIT, (2)       1,982,657
954,931   Ascendas Real Estate Investment Trust, (2)       2,169,231
3,000,790   Centuria Industrial REIT, (2)       7,588,955
1,212,894   Dream Industrial Real Estate Investment Trust       12,952,206
      11

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)       Value
    Industrial (continued)        
1,270,957   ESR-REIT, (2)       $369,389
2,254,195   Frasers Logistics & Commercial Trust, (2)       2,434,916
46,150   Industrial Logistics Properties Trust       1,067,450
22,266   Mapletree Logistics Trust, (2)       32,016
991,381   PLA Administradora Industrial S de RL de CV       1,463,341
322,250   STAG Industrial Inc       10,830,822
2,277,833   Urban Logistics REIT PLC       4,647,524
1,557,992   Warehouse Reit PLC       2,706,287
310,733   WPT Industrial Real Estate Investment Trust       4,692,068
    Total Industrial       52,936,862
    Mortgage – 0.8%        
123,392   Ares Commercial Real Estate Corp       1,692,938
136,985   Blackstone Mortgage Trust Inc       4,246,535
132,373   KKR Real Estate Finance Trust Inc       2,434,340
86,104   Nexpoint Real Estate Finance Inc       1,599,812
81,876   Starwood Property Trust Inc       2,025,612
33,382   TPG RE Finance Trust Inc       373,878
    Total Mortgage       12,373,115
    Office – 3.2%        
11,685   Brandywine Realty Trust       150,853
1,327,117   Centuria Office REIT, (2)       2,029,572
20,541   Columbia Property Trust Inc       351,251
83,438   Covivio, (2)       7,136,321
318,869   Dexus, (2)       2,371,000
100,080   Dream Office Real Estate Investment Trust       1,685,122
162,505   Easterly Government Properties Inc       3,368,729
3,761,273   GDI Property Group, (2)       3,062,996
147,528   Globalworth Real Estate Investments Ltd       1,038,037
1,001   Highwoods Properties Inc       42,983
157,062   Intervest Offices & Warehouses NV, (2)       3,895,430
19,719   Invesco Office J-Reit Inc, (2)       3,114,589
109   Japan Excellent Inc, (2)       141,419
130,773   NSI NV       5,183,483
262,345   Piedmont Office Realty Trust Inc       4,556,933
174,775   Postal Realty Trust Inc       3,002,634
659,219   True North Commercial Real Estate Investment Trust       3,603,751
12      

Shares   Description (1)       Value
    Office (continued)        
65,627   Vornado Realty Trust       $2,978,810
    Total Office       47,713,913
    Residential – 0.3%        
51,546   Apartment Income REIT Corp       2,204,107
120,386   BSR Real Estate Investment Trust       1,318,227
409   Kenedix Residential Next Investment Corp, (2)       798,911
    Total Residential       4,321,245
    Retail – 5.5%        
6,625   Altarea SCA, (2)       1,203,435
679,646   APN Convenience Retail REIT, (2)       1,767,199
25,792   Brixmor Property Group Inc       521,772
5,733,749   CapitaLand China Trust, (2)       5,852,388
577,126   Choice Properties Real Estate Investment Trust       6,227,285
23,462   Federal Realty Investment Trust       2,380,220
5,622,200   Fortune Real Estate Investment Trust, (2)       5,399,234
4,493,270   Frasers Centrepoint Trust, (2)       8,237,000
737   Kenedix Retail REIT Corp, (2)       1,792,396
195,431   National Retail Properties Inc       8,612,644
3,648   NETSTREIT Corp       67,451
45,128   Regency Centers Corp       2,559,209
748,698   RioCan Real Estate Investment Trust       11,593,589
3,605   Saul Centers Inc       144,597
1,442,023   Scentre Group, (2)       3,104,811
132,247   Simon Property Group Inc       15,045,741
150,782   Spirit Realty Capital Inc       6,408,235
1,325,087   Waypoint REIT, (2)       2,533,049
    Total Retail       83,450,255
    Specialized – 1.2%        
319,672   Automotive Properties Real Estate Investment Trust       2,910,040
287,535   CatchMark Timber Trust Inc       2,927,106
436,570   Charter Hall Social Infrastructure REIT, (2)       1,033,916
8,079   Four Corners Property Trust Inc       221,365
133,583   Gaming and Leisure Properties Inc       5,667,927
176,587   VICI Properties Inc       4,986,817
    Total Specialized       17,747,171
    Total Real Estate Investment Trust Common Stocks (cost $304,665,065)       355,501,589
    
      13

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)     Coupon   Ratings (5) Value
    $25 PAR (OR SIMILAR) RETAIL PREFERRED – 15.3%            
    Diversified Financial Services – 0.1%            
51,501   Brookfield Finance Inc     4.625%   BBB $1,251,989
32,284   National Rural Utilities Cooperative Finance Corp     5.500%   A3 853,266
    Total Diversified Financial Services           2,105,255
    Electric Utilities – 2.1%            
105,219   DTE Energy Co     4.375%   BBB- 2,644,153
28,530   Duke Energy Corp, (3)     5.750%   BBB- 788,855
38,311   Entergy Arkansas LLC     4.875%   A 973,866
35,327   Entergy Texas Inc     5.375%   BBB- 953,476
118,281   Georgia Power Co     5.000%   BBB 3,149,823
238,599   Integrys Holding Inc, (2), (4)     6.000%   BBB 6,227,434
57,481   NextEra Energy Capital Holdings Inc     5.250%   BBB 1,457,718
164,809   Southern Co     5.250%   BBB 4,199,333
5,673   Southern Co     5.250%   BBB 150,051
204,046   Southern Co     4.950%   BBB 5,370,491
204,457   Southern Co     4.200%   BBB 5,080,756
    Total Electric Utilities           30,995,956
    Equity Real Estate Investment Trust – 8.5%            
84,632   American Homes 4 Rent     6.500%   BB 2,142,036
156,241   American Homes 4 Rent     6.350%   BB 3,962,272
143,259   American Homes 4 Rent     5.875%   BB 3,701,812
184,258   American Homes 4 Rent     5.875%   BB 4,787,023
5,386   American Homes 4 Rent     6.250%   Ba1 144,883
165,449   Armada Hoffler Properties Inc     6.750%   N/R 4,384,398
273,978   Centerspace     6.625%   N/R 7,252,198
186,655   City Office REIT Inc, (3)     6.625%   N/R 4,854,896
135,776   DiamondRock Hospitality Co     8.250%   N/R 3,812,590
159,538   Digital Realty Trust Inc     5.250%   Baa3 4,230,948
53,988   Digital Realty Trust Inc     6.625%   Baa3 1,368,596
102,058   Digital Realty Trust Inc     5.850%   Baa3 2,834,151
150,942   Digital Realty Trust Inc     5.200%   Baa3 4,022,604
5,840   Federal Realty Investment Trust, (3)     5.000%   Baa1 154,118
160,643   Kimco Realty Corp     5.250%   Baa2 4,229,730
5,256   Mid-America Apartment Communities Inc     8.500%   BBB- 333,756
179,880   Monmouth Real Estate Investment Corp     6.125%   N/R 4,572,550
41,286   National Retail Properties Inc     5.200%   Baa2 1,056,922
48,650   National Storage Affiliates Trust     6.000%   N/R 1,285,333
112,006   Pebblebrook Hotel Trust     6.500%   N/R 2,812,471
124,161   Pebblebrook Hotel Trust     6.375%   N/R 3,060,569
158,534   Pebblebrook Hotel Trust     6.300%   N/R 3,844,449
14      

Shares   Description (1)     Coupon   Ratings (5) Value
    Equity Real Estate Investment Trust (continued)            
193   PS Business Parks Inc     5.250%   BBB $5,035
118,477   PS Business Parks Inc     5.200%   BBB 3,115,945
285,335   PS Business Parks Inc     4.875%   BBB 7,567,084
111,541   Public Storage     4.875%   A3 2,987,068
526   Public Storage     4.750%   A3 14,433
85,373   Public Storage     4.625%   A3 2,293,119
4,035   QTS Realty Trust Inc     7.125%   B- 112,819
188,077   Rexford Industrial Realty Inc     5.625%   BB+ 4,950,187
58,356   Saul Centers Inc     6.125%   N/R 1,499,166
83,618   Saul Centers Inc     6.000%   N/R 2,165,706
116,483   SITE Centers Corp     6.375%   BB+ 3,005,261
31,510   SL Green Realty Corp     6.500%   Ba1 813,588
33,295   Summit Hotel Properties Inc     6.450%   N/R 840,366
146,658   Summit Hotel Properties Inc, (3)     6.250%   N/R 3,600,454
33,403   Sunstone Hotel Investors Inc     6.950%   N/R 845,096
153,724   Sunstone Hotel Investors Inc     6.450%   N/R 3,889,217
143,421   UMH Properties Inc     6.750%   N/R 3,674,446
96,115   Urstadt Biddle Properties Inc     6.250%   N/R 2,422,098
98,906   Urstadt Biddle Properties Inc     5.875%   N/R 2,448,913
33,493   Vornado Realty Trust     5.700%   Baa3 845,363
307,871   Vornado Realty Trust     5.250%   Baa3 7,810,687
183,081   Vornado Realty Trust     5.250%   Baa3 4,694,197
    Total Equity Real Estate Investment Trust           128,448,553
    Gas Utilities – 0.5%            
216,218   South Jersey Industries Inc     5.625%   BB+ 5,517,883
66,735   Spire Inc     5.900%   BBB 1,831,209
    Total Gas Utilities           7,349,092
    Independent Power & Renewable Electricity Producers – 0.5%            
106,515   Brookfield Renewable Partners LP     5.750%   BBB- 2,160,474
181,853   Brookfield Renewable Partners LP     5.250%   BBB- 4,740,907
    Total Independent Power & Renewable Electricity Producers           6,901,381
    Multi-Utilities – 2.2%            
67,574   Algonquin Power & Utilities Corp     6.200%   BB+ 1,853,555
214,616   Brookfield Infrastructure Partners LP     5.350%   BBB- 4,320,669
202,290   Brookfield Infrastructure Partners LP, (3)     5.125%   BBB- 5,174,578
62,473   Brookfield Infrastructure Partners LP     5.000%   BBB- 1,576,194
106,370   CMS Energy Corp     5.875%   Baa2 2,889,009
156,118   Dominion Energy Inc, (3)     5.250%   BBB- 3,988,815
143,128   DTE Energy Co, (3)     5.375%   BBB- 3,648,333
      15

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)     Coupon   Ratings (5) Value
    Multi-Utilities (continued)            
6,516   DTE Energy Co     5.250%   BBB- $170,003
66,552   NiSource Inc     6.500%   BBB- 1,854,804
294,943   Sempra Energy     5.750%   BBB- 8,040,146
    Total Multi-Utilities           33,516,106
    Oil, Gas & Consumable Fuels – 0.1%            
43,602   NuStar Energy LP     7.625%   B2 910,410
    Real Estate Management & Development – 1.2%            
185,210   Brookfield Property Partners LP     6.375%   BB+ 4,761,749
203,363   Brookfield Property Partners LP, (3)     6.500%   BB+ 5,267,102
220,769   Brookfield Property Partners LP     5.750%   BB+ 5,481,694
117,266   Landmark Infrastructure Partners LP     7.900%   N/R 2,997,319
    Total Real Estate Management & Development           18,507,864
    Trading Companies & Distributors – 0.1%            
70,500   Fortress Transportation and Infrastructure Investors LLC, (4)     8.250%   N/R 1,779,420
    Total $25 Par (or similar) Retail Preferred (cost $217,879,655)           230,514,037
    
Principal Amount (000)(6)   Description (1)     Coupon Maturity Ratings (5) Value
    CORPORATE BONDS – 15.1%            
    Air Freight & Logistics – 0.1%            
$1,675   Cargo Aircraft Management Inc, 144A     4.750% 2/01/28 Ba3 $1,729,438
    Auto Components – 0.1%            
1,450   NESCO Holdings II Inc, 144A, (WI/DD, Settling 4/01/21)     5.500% 4/15/29 B 1,487,410
    Chemicals – 0.0%            
500   Calumet Specialty Products Partners LP / Calumet Finance Corp, 144A, (3)     11.000% 4/15/25 B- 525,000
    Commercial Services & Supplies – 0.2%            
1,000   GFL Environmental Inc, 144A     4.250% 6/01/25 BB- 1,030,000
200   GFL Environmental Inc, 144A     5.125% 12/15/26 BB- 210,750
1,300   GFL Environmental Inc, 144A     3.500% 9/01/28 BB- 1,261,000
550   Stericycle Inc, 144A     3.875% 1/15/29 BB 543,125
    Total Commercial Services & Supplies           3,044,875
    Communications Equipment – 0.3%            
650   Liquid Telecommunications Financing Plc, 144A     5.500% 9/04/26 B1 682,630
780   Viasat Inc, 144A     5.625% 9/15/25 BB- 792,839
16      

Principal Amount (000)(6)   Description (1)     Coupon Maturity Ratings (5) Value
    Communications Equipment (continued)            
$3,325   Viasat Inc, 144A     6.500% 7/15/28 BB- $3,501,424
    Total Communications Equipment           4,976,893
    Construction & Engineering – 0.3%            
1,800   GMR Hyderabad International Airport Ltd, 144A     5.375% 4/10/24 BB+ 1,835,908
1,500   IHS Netherlands Holdco BV, 144A     8.000% 9/18/27 B2 1,612,500
998   International Airport Finance SA, 144A     12.000% 3/15/33 B- 966,506
    Total Construction & Engineering           4,414,914
    Diversified Financial Services – 0.5%            
1,223   Cometa Energia SA de CV, 144A     6.375% 4/24/35 Baa3 1,366,462
975   Genesis Energy LP / Genesis Energy Finance Corp     7.750% 2/01/28 B+ 975,292
1,815   Minejesa Capital BV, 144A     5.625% 8/10/37 Baa3 1,898,944
17,061 BRL   Swiss Insured Brazil Power Finance Sarl, 144A     9.850% 7/16/32 AAA 3,185,733
    Total Diversified Financial Services           7,426,431
    Diversified Telecommunication Services – 0.6%            
1,325   Altice France SA/France, 144A     5.500% 1/15/28 B 1,357,781
1,670   Level 3 Financing Inc, 144A     4.625% 9/15/27 BB 1,718,714
2,750   Level 3 Financing Inc, 144A     4.250% 7/01/28 BB 2,781,102
1,750   QualityTech LP / QTS Finance Corp, 144A     3.875% 10/01/28 BB 1,741,250
2,000   Zayo Group Holdings Inc, 144A     4.000% 3/01/27 B1 1,965,000
    Total Diversified Telecommunication Services           9,563,847
    Electric Utilities – 1.5%            
1,810   Acwa Power Management And Investments One Ltd, 144A     5.950% 12/15/39 Baa3 2,072,595
1,925   Adani Green Energy UP Ltd / Prayatna Developers Pvt Ltd / Parampujya Solar Energ, 144A     6.250% 12/10/24 BB+ 2,120,869
386   Adani Transmission Ltd, 144A     4.250% 5/21/36 BBB- 398,128
650   AES Panama Generation Holdings SRL, 144A     4.375% 5/31/30 Baa3 672,555
1,500   Cikarang Listrindo Tbk PT, 144A     4.950% 9/14/26 BB+ 1,531,950
2,325   Clearway Energy Operating LLC, 144A     3.750% 2/15/31 BB 2,230,558
1,200   Empresa de Transmision Electrica SA, 144A     5.125% 5/02/49 Baa2 1,317,000
5,700,000 COP   Empresas Publicas de Medellin ESP, 144A     8.375% 11/08/27 Baa3 1,583,773
1,600   Instituto Costarricense de Electricidad, 144A     6.950% 11/10/21 B1 1,621,616
1,500   Lamar Funding Ltd, 144A     3.958% 5/07/25 Ba3 1,498,425
1,185   LLPL Capital Pte Ltd, 144A     6.875% 2/04/39 Baa3 1,381,817
2,175   Pacific Gas and Electric Co     3.300% 8/01/40 BBB- 1,968,635
1,155   Pattern Energy Operations LP / Pattern Energy Operations Inc, 144A     4.500% 8/15/28 BB- 1,173,769
3,050   TerraForm Power Operating LLC, 144A     4.750% 1/15/30 BB 3,166,845
    Total Electric Utilities           22,738,535
      17

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Principal Amount (000)(6)   Description (1)     Coupon Maturity Ratings (5) Value
    Energy Equipment & Services – 0.2%            
$850   Archrock Partners LP / Archrock Partners Finance Corp, 144A     6.250% 4/01/28 B+ $863,430
1,750   Galaxy Pipeline Assets Bidco Ltd, 144A     3.250% 9/30/40 Aa2 1,671,357
    Total Energy Equipment & Services           2,534,787
    Equity Real Estate Investment Trust – 2.4%            
2,750   Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL, 144A     5.750% 5/15/26 BB+ 2,831,125
1,250   Diversified Healthcare Trust     4.375% 3/01/31 BB 1,220,100
3,075   GLP Capital LP / GLP Financing II Inc     4.000% 1/15/31 BBB- 3,177,936
1,300   HAT Holdings I LLC / HAT Holdings II LLC, 144A     3.750% 9/15/30 BB+ 1,251,250
1,475   Host Hotels & Resorts LP     3.500% 9/15/30 BBB- 1,480,836
1,535   Iron Mountain Inc, 144A     5.250% 3/15/28 BB- 1,594,481
800   Iron Mountain Inc, 144A     4.500% 2/15/31 BB- 790,880
4,250   iStar Inc     4.750% 10/01/24 BB 4,421,721
1,500   MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc     5.750% 2/01/27 BB+ 1,653,653
3,375   MPT Operating Partnership LP / MPT Finance Corp     3.500% 3/15/31 BBB- 3,311,955
1,800   Retail Properties of America Inc     4.750% 9/15/30 BBB- 1,905,160
2,450   RHP Hotel Properties LP / RHP Finance Corp, 144A     4.500% 2/15/29 B1 2,459,726
2,830   Scentre Group Trust 2, 144A     5.125% 9/24/80 BBB+ 2,944,473
700   Starwood Property Trust Inc, 144A     5.500% 11/01/23 Ba3 731,500
1,500   Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC, 144A     7.875% 2/15/25 BB+ 1,621,118
1,525   VICI Properties LP / VICI Note Co Inc, 144A     4.250% 12/01/26 BB 1,560,205
975   VICI Properties LP / VICI Note Co Inc, 144A     4.625% 12/01/29 BB 1,011,426
2,625   VICI Properties LP / VICI Note Co Inc, 144A     4.125% 8/15/30 BB 2,647,837
    Total Equity Real Estate Investment Trust           36,615,382
    Gas Utilities – 0.5%            
2,100   LBC Tank Terminals Holding Netherlands BV, 144A     6.875% 5/15/23 B- 2,100,000
2,550   National Gas Co of Trinidad & Tobago Ltd, 144A     6.050% 1/15/36 BBB- 2,655,213
2,915   Suburban Propane Partners LP/Suburban Energy Finance Corp     5.875% 3/01/27 BB- 3,031,600
    Total Gas Utilities           7,786,813
    Health Care Providers & Services – 0.7%            
1,825   CHS/Community Health Systems Inc, 144A     6.875% 4/15/29 CCC- 1,910,538
950   CHS/Community Health Systems Inc, 144A     4.750% 2/15/31 B 928,055
1,200   Cushman & Wakefield US Borrower LLC, 144A     6.750% 5/15/28 Ba3 1,297,500
1,675   LifePoint Health Inc, 144A     5.375% 1/15/29 CCC+ 1,649,875
750   Tenet Healthcare Corp, 144A     7.500% 4/01/25 BB- 809,752
18      

Principal Amount (000)(6)   Description (1)     Coupon Maturity Ratings (5) Value
    Health Care Providers & Services (continued)            
$3,925   Tenet Healthcare Corp, 144A     6.125% 10/01/28 B $4,096,719
    Total Health Care Providers & Services           10,692,439
    Hotels, Restaurants & Leisure – 0.6%            
575   Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op, 144A     5.500% 5/01/25 Ba2 605,211
3,000   Hilton Domestic Operating Co Inc, 144A     4.000% 5/01/31 N/R 3,000,000
3,700   Hilton Domestic Operating Co Inc, 144A     3.625% 2/15/32 BB 3,591,220
750   MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc, 144A     4.625% 6/15/25 BB+ 791,025
1,695   MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc     4.500% 1/15/28 BB+ 1,753,816
    Total Hotels, Restaurants & Leisure           9,741,272
    Independent Power & Renewable Electricity Producers – 0.9%            
1,685   Azure Power Energy Ltd, 144A     5.500% 11/03/22 Ba2 1,718,700
878   Calpine Corp, 144A     5.250% 6/01/26 BB+ 902,804
4,200   Calpine Corp, 144A     3.750% 3/01/31 BB+ 4,003,020
1,170   Clearway Energy Operating LLC, 144A     4.750% 3/15/28 BB 1,217,256
1,300   EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA, 144A     5.375% 12/30/30 Ba3 1,278,888
1,500   Kallpa Generacion SA, 144A     4.125% 8/16/27 Baa3 1,597,500
1,500   Talen Energy Supply LLC, 144A     7.625% 6/01/28 BB 1,518,750
1,020   UEP Penonome II SA, 144A     6.500% 10/01/38 BB 1,027,660
    Total Independent Power & Renewable Electricity Producers           13,264,578
    Media – 0.6%            
1,775   Altice Financing SA, 144A     5.000% 1/15/28 B 1,752,697
200   Cablevision Lightpath LLC, 144A     3.875% 9/15/27 B+ 198,000
4,600   CCO Holdings LLC / CCO Holdings Capital Corp, 144A     4.500% 5/01/32 BB 4,657,500
1,900   Lamar Media Corp     3.750% 2/15/28 BB- 1,897,625
    Total Media           8,505,822
    Mortgage Real Estate Investment Trust – 0.1%            
1,720   Starwood Property Trust Inc     4.750% 3/15/25 Ba3 1,785,842
    Oil, Gas & Consumable Fuels – 2.8%            
1,800   Antero Midstream Partners LP / Antero Midstream Finance Corp, 144A     7.875% 5/15/26 B 1,935,936
500   Calumet Specialty Products Partners LP / Calumet Finance Corp     7.750% 4/15/23 B- 496,305
2,235   Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp, 144A     5.625% 5/01/27 BB- 2,195,887
424   Energean Israel Finance Ltd     5.375% 3/30/28 Ba3 428,704
      19

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Principal Amount (000)(6)   Description (1)     Coupon Maturity Ratings (5) Value
    Oil, Gas & Consumable Fuels (continued)            
$200   EnLink Midstream LLC, 144A     5.625% 1/15/28 BB+ $193,396
4,110   Enviva Partners LP / Enviva Partners Finance Corp, 144A     6.500% 1/15/26 BB- 4,305,225
1,215   EQM Midstream Partners LP     5.500% 7/15/28 BB 1,275,434
1,300   EQM Midstream Partners LP, 144A     4.750% 1/15/31 BB 1,261,000
2,320   Global Partners LP / GLP Finance Corp     7.000% 8/01/27 B+ 2,447,600
1,425   Leviathan Bond Ltd, Reg S, 144A     6.750% 6/30/30 BB 1,566,054
2,875   M/I Homes Inc     4.950% 2/01/28 BB- 2,977,422
1,750   New Fortress Energy Inc, 144A, (WI/DD, Settling 4/12/21)     6.500% 9/30/26 BB- 1,763,125
1,350   NGL Energy Operating LLC / NGL Energy Finance Corp, 144A     7.500% 2/01/26 BB- 1,387,125
675   NuStar Logistics LP     6.375% 10/01/30 BB- 729,844
300   Oleoducto Central SA, 144A     4.000% 7/14/27 BBB- 316,953
2,000   ONEOK Inc     6.350% 1/15/31 BBB 2,511,208
3,668 CAD   Pembina Pipeline Corp     4.800% 1/25/81 BB+ 2,825,793
1,200   Peru LNG Srl, 144A     5.375% 3/22/30 BB- 1,075,512
1,250   Plains All American Pipeline LP / PAA Finance Corp     3.800% 9/15/30 BBB- 1,273,032
275   Promigas SA ESP / Gases del Pacifico SAC, 144A     3.750% 10/16/29 Baa3 279,537
3,000   Sunoco LP / Sunoco Finance Corp     5.875% 3/15/28 BB 3,139,890
600   Targa Resources Partners LP / Targa Resources Partners Finance Corp, 144A     4.000% 1/15/32 BB 564,312
3,015   TransMontaigne Partners LP / TLP Finance Corp     6.125% 2/15/26 BB 3,030,075
600   Transportadora de Gas del Sur SA, 144A     6.750% 5/02/25 CCC+ 518,652
1,325   USA Compression Partners LP / USA Compression Finance Corp     6.875% 9/01/27 BB- 1,364,750
1,675   Western Midstream Operating LP     5.050% 2/01/30 BB 1,818,849
    Total Oil, Gas & Consumable Fuels           41,681,620
    Real Estate Management & Development – 0.9%            
1,225   Howard Hughes Corp, 144A     4.125% 2/01/29 BB 1,197,707
1,300   Howard Hughes Corp, 144A     4.375% 2/01/31 BB 1,273,188
2,700   Hunt Cos Inc, 144A, (WI/DD, Settling 4/09/21)     5.250% 4/15/29 BB- 2,700,000
1,675   Kennedy-Wilson Inc     4.750% 3/01/29 BB 1,695,937
3,250   Kennedy-Wilson Inc, (3)     5.000% 3/01/31 BB 3,291,437
2,775 EUR   Peach Property Finance GmbH, 144A     4.375% 11/15/25 BB- 3,384,400
600   RKI Overseas Finance 2016 B Ltd, Reg S     4.700% 9/06/21 BB- 600,684
    Total Real Estate Management & Development           14,143,353
    Road & Rail – 0.3%            
525   ENA Master Trust, 144A     4.000% 5/19/48 BBB 532,875
1,700   Rumo Luxembourg Sarl, 144A     5.875% 1/18/25 BB 1,793,967
20      

Principal Amount (000)(6)   Description (1)     Coupon Maturity Ratings (5) Value
    Road & Rail (continued)            
$1,700   Transnet SOC Ltd, 144A     4.000% 7/26/22 Ba2 $1,729,087
    Total Road & Rail           4,055,929
    Specialty Retail – 0.3%            
2,025   Ferrellgas Escrow LLC / FG Operating Finance Escrow Corp, 144A     5.375% 4/01/26 B- 2,011,433
2,225   Ferrellgas Escrow LLC / FG Operating Finance Escrow Corp, 144A     5.875% 4/01/29 B- 2,194,962
700   Superior Plus LP / Superior General Partner Inc, 144A     4.500% 3/15/29 BB- 707,140
    Total Specialty Retail           4,913,535
    Trading Companies & Distributors – 0.2%            
2,430   Fortress Transportation and Infrastructure Investors LLC, 144A     6.500% 10/01/25 Ba3 2,539,350
    Transportation Infrastructure – 0.8%            
1,400   Adani Ports & Special Economic Zone Ltd, 144A     4.000% 7/30/27 BBB- 1,477,056
1,635   Aeropuerto Internacional de Tocumen SA, 144A     6.000% 11/18/48 BB+ 1,723,703
2,810   Aeropuertos Dominicanos Siglo XXI SA, 144A     6.750% 3/30/29 B+ 2,929,425
1,139   Autopistas del Sol SA/Costa Rica, 144A     7.375% 12/30/30 B 1,139,819
1,700   DP World PLC, 144A     5.625% 9/25/48 Baa3 1,991,125
10,692 MXN   Grupo Aeroportuario del Centro Norte SAB de CV     6.850% 6/07/21 Baa1 535,891
1,800   Mexico City Airport Trust, 144A     4.250% 10/31/26 BBB 1,894,500
    Total Transportation Infrastructure           11,691,519
    Wireless Telecommunication Services – 0.2%            
2,225   Hughes Satellite Systems Corp     6.625% 8/01/26 BB 2,465,522
    Total Corporate Bonds (cost $224,244,802)           228,325,106
    
Principal
Amount (000)(6)
  Description (1)     Coupon Maturity Ratings (5) Value
    $1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 10.4%            
    Diversified Financial Services  –  0.3%            
$360   National Rural Utilities Cooperative Finance Corp     5.250% 4/20/46 A3 $388,462
4,067   Transcanada Trust, (3)     5.625% 5/20/75 BBB 4,311,020
    Total Diversified Financial Services           4,699,482
    Electric Utilities  –  3.3%            
3,625   AusNet Services Holdings Pty Ltd, Reg S     5.750% 3/17/76 BBB 3,684,512
1,870   ComEd Financing III     6.350% 3/15/33 Baa2 2,170,088
6,360   Duke Energy Corp     4.875% N/A BBB-(7) 6,719,340
4,390   Edison International     5.375% N/A BB+(7) 4,450,582
2,200 GBP   Electricite de France SA, Reg S     5.875% 7/22/69 BBB 3,410,468
8,835   Emera Inc, (3)     6.750% 6/15/76 BB+ 10,041,066
      21

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Principal
Amount (000)(6)
  Description (1)     Coupon Maturity Ratings (5) Value
    Electric Utilities (continued)            
$5,740   Enel SpA, 144A     8.750% 9/24/73 BBB $6,672,750
3,265   NextEra Energy Capital Holdings Inc     4.800% 12/01/77 BBB 3,531,433
4,190   NextEra Energy Capital Holdings Inc     5.650% 5/01/79 BBB 4,773,471
1,990   Southern Co     4.000% 1/15/51 BBB 2,099,947
1,515   SSE PLC, Reg S     4.750% 9/16/77 BBB- 1,569,767
    Total Electric Utilities           49,123,424
    Marine  –  0.1%            
2,195   Royal Capital BV, Reg S     4.875% 11/05/69 N/R 2,271,825
    Multi-Utilities  –  2.2%            
8,200   CenterPoint Energy Inc     6.125% N/A BBB-(7) 8,589,500
2,670   CMS Energy Corp     4.750% 6/01/50 Baa2 2,883,600
2,515   Dominion Energy Inc     5.750% 10/01/54 BBB- 2,724,584
3,185   Dominion Energy Inc     4.650% N/A BBB-(7) 3,353,168
1,950   NiSource Inc     5.650% N/A BBB-(7) 2,013,375
4,746   RWE AG, Reg S     6.625% 7/30/75 BBB- 5,481,763
7,295   Sempra Energy     4.875% N/A BBB-(7) 7,805,650
    Total Multi-Utilities           32,851,640
    Oil, Gas & Consumable Fuels  –  3.8%            
9,987   Enbridge Inc     6.000% 1/15/77 BBB- 10,661,122
11,379   Enbridge Inc     5.500% 7/15/77 BBB- 11,590,991
4,057   Enbridge Inc     6.250% 3/01/78 BBB- 4,247,282
3,700   Enbridge Inc     5.750% 7/15/80 BBB- 3,959,000
3,548   Energy Transfer Operating LP, (3-Month LIBOR reference rate + 3.018% spread), (8)     3.223% 11/01/66 Ba1 2,465,860
7,301   Enterprise Products Operating LLC     5.250% 8/16/77 Baa2 7,280,664
4,840   Enterprise Products Operating LLC     5.375% 2/15/78 Baa2 4,851,334
2,005 CAD   Inter Pipeline Ltd     6.625% 11/19/79 BB 1,667,244
2,315 CAD   Keyera Corp     5.950% 3/10/81 BB 1,846,732
5,600   Transcanada Trust     5.875% 8/15/76 BBB 6,104,000
3,265   Transcanada Trust     5.500% 9/15/79 BBB 3,489,469
    Total Oil, Gas & Consumable Fuels           58,163,698
    Real Estate Management & Development  –  0.5%            
5,750   AT Securities BV, Reg S     5.250% 7/21/69 BBB- 6,044,688
1,250 SGD   Frasers Property Treasury Pte Ltd, Reg S     3.950% 4/05/69 N/R 899,441
    Total Real Estate Management & Development           6,944,129
    Road & Rail  –  0.2%            
2,895   BNSF Funding Trust I     6.613% 12/15/55 A- 3,317,114
    Total $1,000 Par (or similar) Institutional Preferred (cost $147,578,581)           157,371,312
    
22      

Shares   Description (1)     Coupon   Ratings (5) Value
    CONVERTIBLE PREFERRED SECURITIES – 7.4%            
    Commercial Services & Supplies – 0.3%            
62,939   GFL Environmental Inc     6.000%   N/R $5,133,934
    Electric Utilities – 3.4%            
178,378   American Electric Power Co Inc     6.125%   BBB 8,608,522
110,883   American Electric Power Co Inc     6.125%   BBB 5,417,743
154,975   NextEra Energy Inc     4.872%   A- 8,897,115
191,516   NextEra Energy Inc     5.279%   BBB 9,485,788
98,343   NextEra Energy Inc     6.219%   BBB 4,877,813
46,518   PG&E Corp     5.500%   N/R 5,307,704
157,471   Southern Co     6.750%   BBB 8,019,998
    Total Electric Utilities           50,614,683
    Equity Real Estate Investment Trust – 0.8%            
25,056   Equity Commonwealth     6.500%   N/R 786,758
22,418   Lexington Realty Trust     6.500%   N/R 1,262,582
49,971   QTS Realty Trust Inc     6.500%   B- 7,021,425
44,079   RPT Realty, (3)     7.250%   BB 2,393,049
    Total Equity Real Estate Investment Trust           11,463,814
    Gas Utilities – 0.5%            
6,687   South Jersey Industries Inc     7.250%   N/R 257,450
50,677   South Jersey Industries Inc, (3)     8.750%   N/R 2,518,140
86,015   Spire Inc, (2)     7.500%   N/R 4,690,398
    Total Gas Utilities           7,465,988
    Independent Power & Renewable Electricity Producers – 0.3%            
43,725   AES Corp     6.875%   BB 4,516,792
    Multi-Utilities – 2.0%            
118,789   CenterPoint Energy Inc     7.000%   N/R 4,949,938
83,211   Dominion Energy Inc     7.250%   BBB- 8,224,575
255,421   DTE Energy Co     6.250%   BBB- 12,691,869
34,992   Sempra Energy     6.750%   N/R 3,662,263
    Total Multi-Utilities           29,528,645
    Water Utilities – 0.1%            
41,326   Essential Utilities Inc     6.000%   N/R 2,363,434
    Total Convertible Preferred Securities (cost $104,082,566)           111,087,290
    
      23

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)           Value
    INVESTMENT COMPANIES – 0.6%            
1,260,622   Greencoat UK Wind PLC/Funds           $2,234,493
922,014   Keppel Infrastructure Trust, (2)           377,203
1,485,521   Renewables Infrastructure Group Ltd           2,494,462
1,235,906   Sequoia Economic Infrastructure Income Fund Ltd           1,775,264
1,949,003   Starwood European Real Estate Finance Ltd           2,273,112
    Total Investment Companies (cost $9,319,482)           9,154,534
    
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (5) Value
    CONVERTIBLE BONDS – 0.6%            
    Oil, Gas & Consumable Fuels – 0.4%            
$8,055   Cheniere Energy Inc     4.250% 3/15/45 N/R $6,580,759
    Real Estate Management & Development – 0.2%            
2,365   Tricon Residential Inc, 144A     5.750% 3/31/22 N/R 2,483,250
$10,420   Total Convertible Bonds (cost $8,070,737)           9,064,009
    
Principal Amount (000)   Description (1) Coupon (9) Reference
Rate (9)
Spread (9) Maturity (10) Ratings (5) Value
    VARIABLE RATE SENIOR LOAN INTERESTS – 0.6%            
    Electric Utilities – 0.1%            
$2,050   ExGen Renewables, Term Loan, First Lien 3.750% 3-Month LIBOR 2.750% 12/11/27 BB- $2,054,987
    Health Care Providers & Services – 0.2%            
2,805   Lifepoint Health, Inc., New Term Loan B 3.859% 1-Month LIBOR 3.750% 11/16/25 B1 2,802,175
    Real Estate Management & Development – 0.3%            
3,890   GGP, Term Loan B 2.609% 1-Month LIBOR 2.500% 8/24/25 BB+ 3,725,590
$8,745   Total Variable Rate Senior Loan Interests (cost $8,689,879)         8,582,752
    
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (5) Value
    ASSET-BACKED SECURITIES – 0.3%            
$550   Alen 2021-ACEN Mortgage Trust, 144A, (1-Month LIBOR reference rate + 4.000% spread), (8)     4.106% 4/15/34 BB- $550,164
1,265   Benchmark 2020-B18 Mortgage Trust, 144A     4.139% 7/15/53 B- 1,275,369
405   COMM 2015-CCRE24 Mortgage Trust     3.463% 8/10/48 BBB- 364,489
560   GS Mortgage Securities Trust 2016-GS4     3.811% 11/10/49 A- 527,879
800   Natixis Commercial Mortgage Securities Trust 2019-MILE, 144A, (1-Month LIBOR reference rate + 2.750% spread), (8)     2.856% 7/15/36 N/R 799,999
24      

Principal Amount (000)   Description (1)     Coupon Maturity Ratings (5) Value
$1,300   Natixis Commercial Mortgage Securities Trust 2019-MILE, 144A, (1-Month LIBOR reference rate + 4.250% spread), (8)     4.356% 7/15/36 N/R $1,279,663
$4,880   Asset-Backed Securities (cost $4,772,415)           4,797,563
    
Shares   Description (1)           Value
    COMMON STOCK RIGHTS – 0.0%            
    Gas Utilities – 0.0%            
2,391,290   Snam SpA, (11)           $2,804
    Total Common Stock Rights (cost $-)           2,804
    Total Long-Term Investments (cost $1,344,531,840)           1,471,475,535
    
Shares   Description (1)   Coupon   Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 1.1%      
    MONEY MARKET FUNDS – 1.1%        
16,877,996   State Street Navigator Securities Lending Government Money Market Portfolio, (12)   0.030% (13)   $16,877,995
    Total Investments Purchased with Collateral from Securities Lending (cost $16,877,995)     16,877,995
    
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 4.1%            
    REPURCHASE AGREEMENTS – 4.1%            
$60,876   Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $60,876,410, collateralized by $60,156,800, U.S. Treasury Notes, 1.375%, due 1/31/25, value $60,093,970     0.000% 4/01/21   $60,876,410
    Total Short-Term Investments (cost $60,876,410)           60,876,410
    Total Investments (cost $1,422,286,245) – 102.8%           1,549,229,940
    Other Assets Less Liabilities – (2.8)% (14)           (41,927,212)
    Net Assets – 100%           $1,507,302,728
    
Futures Contracts - Short  
Description Number of
Contracts
Expiration
Date
Notional
Amount
Value Unrealized
Appreciation
(Depreciation)
Variation
Margin
Receivable/
(Payable)
U.S. Treasury 10-Year Note (112) 06/21 $(14,665,000) $(15,039,276) $374,276 $28,000
U.S. Treasury Ultra Bond (28) 06/21 (5,074,125) (5,282,678) 208,553 32,375
U.S. Treasury Ultra 10-Year Note (68) 06/21 (9,770,750) (10,143,565) 372,815 23,375
Total     $(29,509,875) $(30,465,519) $955,644 $83,750
      25

Nuveen Real Asset Income Fund (continued)
Portfolio of Investments    March 31, 2021
(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
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).
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 $163,295,272 $193,779,267 $ — $357,074,539
Real Estate Investment Trust Common Stocks 243,873,265 111,628,324  — 355,501,589
$25 Par (or similar) Retail Preferred 224,286,603 6,227,434  — 230,514,037
Corporate Bonds  — 228,325,106  — 228,325,106
$1,000 Par (or similar) Institutional Preferred  — 157,371,312  — 157,371,312
Convertible Preferred Securities 106,396,892 4,690,398  — 111,087,290
Investment Companies 9,154,534  —  — 9,154,534
Convertible Bonds  — 9,064,009  — 9,064,009
Variable Rate Senior Loan Interests  — 8,582,752  — 8,582,752
Asset-Backed Securities  — 4,797,563  — 4,797,563
Common Stock Rights  —  — 2,804 2,804
Investments Purchased with Collateral from Securities Lending 16,877,996  —  — 16,877,996
Short-Term Investments:        
Repurchase Agreements  — 60,876,409  — 60,876,409
Investments in Derivatives:        
Futures Contracts 955,644  —  — 955,644
Total $764,840,206 $785,342,574 $2,804 $1,550,185,584
    
  For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.  
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) For fair value measurement disclosure purposes, investment classified as Level 2.  
(3) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $16,338,290.  
(4) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
26      

(5) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(6) Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted.  
(7) Perpetual security. Maturity date is not applicable.  
(8) Variable rate security. The rate shown is the coupon as of the end of the reporting period.  
(9) Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate (Reference Rate) plus an assigned fixed rate (Spread). These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. The rate shown is the coupon as of the end of the reporting period.  
(10) Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a borrower to prepay, prepayments of senior loans may occur. As a result, the actual remaining maturity of senior loans held may be substantially less than the stated maturities shown.  
(11) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3.  
(12) The Fund may loan securities representing up to one third of the 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.  
(13) The rate shown is the one-day yield as of the end of the reporting period.  
(14) Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
ADR American Depositary Receipt  
BRL Brazilian Real  
CAD Canadian Dollar  
COP Colombian Peso  
EUR Euro  
GBP Pound Sterling  
LIBOR London Inter-Bank Offered Rate  
MXN Mexican Peso  
N/A Not Applicable.  
Reg S Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States.  
REIT Real Estate Investment Trust  
SGD Singapore Dollar  
WI/DD Purchased on a when-issued or delayed delivery basis.  
      27

Nuveen Real Estate Securities Fund
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 99.0%        
    REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 98.1%        
    Diversified – 2.2%        
191,776   Broadstone Net Lease Inc       $3,509,501
86,947   PS Business Parks Inc       13,440,267
636,699   VEREIT Inc       24,589,315
392,310   Washington Real Estate Investment Trust       8,670,051
32,637   WP Carey Inc       2,309,394
    Total Diversified       52,518,528
    Health Care – 9.4%        
271,002   CareTrust REIT Inc       6,310,281
615,844   Global Medical REIT Inc       8,073,715
715,181   Healthcare Realty Trust Inc       21,684,288
237,183   Healthcare Trust of America Inc       6,541,507
460,686   Healthpeak Properties Inc       14,622,174
1,630,608   Medical Properties Trust Inc       34,699,338
356,352   Omega Healthcare Investors Inc       13,053,174
318,011   Physicians Realty Trust       5,619,254
496,811   Sabra Health Care REIT Inc       8,624,639
1,019   Universal Health Realty Income Trust       69,068
643,527   Ventas Inc       34,325,730
934,733   Welltower Inc       66,954,925
    Total Health Care       220,578,093
    Hotels – 4.9%        
1,886,165   Apple Hospitality REIT Inc       27,481,424
219,392   DiamondRock Hospitality Co, (2)       2,259,738
1,037,541   Host Hotels & Resorts Inc, (2)       17,482,566
855,337   MGM Growth Properties LLC       27,901,093
303,971   Pebblebrook Hotel Trust       7,383,456
13,982   RLJ Lodging Trust       216,441
117,030   Ryman Hospitality Properties Inc, (2)       9,070,995
747,400   Summit Hotel Properties Inc, (2)       7,593,584
1,268,111   Sunstone Hotel Investors Inc, (2)       15,800,663
    Total Hotels       115,189,960
    Industrial – 14.8%        
745,334   Americold Realty Trust       28,672,999
847,868   Duke Realty Corp       35,551,105
28      

Shares   Description (1)       Value
    Industrial (continued)        
74,983   EastGroup Properties Inc       $10,743,564
117,447   First Industrial Realty Trust Inc       5,377,898
15,667   Monmouth Real Estate Investment Corp       277,149
2,010,847   Prologis Inc       213,149,782
202,750   Rexford Industrial Realty Inc       10,218,600
542,883   STAG Industrial Inc       18,246,298
430,731   Terreno Realty Corp       24,883,330
    Total Industrial       347,120,725
    Office – 10.5%        
420,341   Alexandria Real Estate Equities Inc       69,062,026
302,741   Boston Properties Inc       30,655,554
58,927   Columbia Property Trust Inc       1,007,652
629,272   Corporate Office Properties Trust       16,568,732
38,669   Cousins Properties Inc       1,366,949
924,228   Douglas Emmett Inc       29,020,759
518,189   Easterly Government Properties Inc       10,742,058
112,665   Highwoods Properties Inc       4,837,835
493,333   Hudson Pacific Properties Inc       13,384,124
643,629   JBG SMITH Properties       20,460,966
197,195   Kilroy Realty Corp       12,941,908
344,764   Mack-Cali Realty Corp       5,336,947
707,843   Paramount Group Inc       7,170,449
777,776   Piedmont Office Realty Trust Inc       13,509,969
193,902   Vornado Realty Trust       8,801,212
    Total Office       244,867,140
    Residential – 20.4%        
536,128   American Campus Communities Inc       23,144,646
713,836   American Homes 4 Rent, Class A       23,799,292
121,424   Apartment Income REIT Corp       5,192,090
246,263   AvalonBay Communities Inc       45,437,986
410,990   BSR Real Estate Investment Trust       4,500,341
255,477   Camden Property Trust       28,079,477
102,912   Centerspace       6,998,016
592,244   Equity LifeStyle Properties Inc       37,690,408
717,353   Equity Residential       51,383,995
161,211   Essex Property Trust Inc       43,823,598
90,430   Independence Realty Trust Inc       1,374,536
1,778,951   Invitation Homes Inc       56,908,643
264,313   Mid-America Apartment Communities Inc       38,156,225
149,769   NexPoint Residential Trust Inc       6,902,853
      29

Nuveen Real Estate Securities Fund (continued)
Portfolio of Investments    March 31, 2021
(Unaudited)
Shares   Description (1)       Value
    Residential (continued)        
306,664   Sun Communities Inc       $46,011,867
1,323,628   UDR Inc       58,054,324
    Total Residential       477,458,297
    Retail – 10.9%        
233,871   Agree Realty Corp       15,741,857
734,522   Brixmor Property Group Inc       14,859,380
183,693   Federal Realty Investment Trust       18,635,655
1,409,207   Kimco Realty Corp       26,422,631
101,118   Kite Realty Group Trust       1,950,566
392,608   National Retail Properties Inc       17,302,235
78,288   NETSTREIT Corp       1,447,545
503,119   Realty Income Corp       31,948,057
508,463   Regency Centers Corp       28,834,937
130,334   RPT Realty       1,487,111
7,612   Saul Centers Inc       305,317
462,682   Simon Property Group Inc       52,639,331
1,024,545   SITE Centers Corp       13,892,830
216,821   Spirit Realty Capital Inc       9,214,893
348,316   Urban Edge Properties       5,754,180
175,048   Urstadt Biddle Properties Inc       2,914,549
476,001   Weingarten Realty Investors       12,809,187
    Total Retail       256,160,261
    Specialized – 25.0%        
280,116   American Tower Corp       66,964,531
85,416   CoreSite Realty Corp       10,237,108
518,814   CubeSmart       19,626,734
349,639   CyrusOne Inc       23,677,553
376,507   Digital Realty Trust Inc       53,027,246
186,388   Equinix Inc       126,667,421
258,683   Extra Space Storage Inc       34,288,432
480,178   Four Corners Property Trust Inc       13,156,877
643,220   Gaming and Leisure Properties Inc       27,291,825
266,705   Life Storage Inc       22,923,295
38,978   National Storage Affiliates Trust       1,556,391
298,230   PotlatchDeltic Corp       15,782,332
386,073   Public Storage       95,267,373
175,684   QTS Realty Trust Inc, Class A       10,899,435
63,422   Rayonier Inc       2,045,359
75,616   SBA Communications Corp       20,987,221
1,029,103   VICI Properties Inc       29,061,869
30      

Shares   Description (1)       Value
    Specialized (continued)        
314,094   Weyerhaeuser Co       $11,181,746
    Total Specialized       584,642,748
    Total Real Estate Investment Trust Common Stocks (cost $1,682,796,198)       2,298,535,752
    
Shares   Description (1)           Value
    COMMON STOCKS – 0.9%            
    Hotels, Restaurants & Leisure – 0.5%            
94,684   Hilton Worldwide Holdings Inc, (2)           $11,449,189
    Household Durables – 0.3%            
121,283   PulteGroup Inc           6,360,081
    Real Estate Management & Development – 0.1%            
173,091   Kennedy-Wilson Holdings Inc           3,498,169
    Total Common Stocks (cost $19,132,686)           21,307,439
    Total Long-Term Investments (cost $1,701,928,884)           2,319,843,191
    
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 2.1%            
    REPURCHASE AGREEMENTS – 2.1%            
$49,601   Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $49,600,580, collateralized by $50,586,700, U.S. Treasury Notes, 1.375%, due 1/31/25, value $50,592,619     0.000% 4/01/21   $49,600,581
    Total Short-Term Investments (cost $49,600,581)           49,600,581
    Total Investments (cost $1,751,529,465) – 101.1%           2,369,443,772
    Other Assets Less Liabilities – (1.1)%           (25,341,483)
    Net Assets – 100%           $2,344,102,289
      31

Nuveen Real Estate Securities Fund (continued)
Portfolio of Investments    March 31, 2021
(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
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).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Real Estate Investment Trust Common Stocks $2,298,535,752 $ — $ — $2,298,535,752
Common Stocks 21,307,439  —  — 21,307,439
Short-Term Investments:        
Repurchase Agreements  — 49,600,581  — 49,600,581
Total $2,319,843,191 $49,600,581 $ — $2,369,443,772
    
  For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.  
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
REIT Real Estate Investment Trust  
32