1

Nuveen

Short-Term

REIT

ETF

(NURE)

Portfolio

of

Investments

September

30,

2022

(Unaudited)

Shares

Description

(1)

Value

LONG-TERM

INVESTMENTS

-

99.6%  

REAL

ESTATE

INVESTMENT

TRUST

COMMON

STOCKS

-

99.6%

Apartments

-

48.7%

160,272

American

Homes

4

Rent,

Class

A

$

5,258,524

97,001

Apartment

Income

REIT

Corp

3,746,179

95,674

Apartment

Investment

and

Management

Co,

Class

A

698,420

27,950

AvalonBay

Communities

Inc

5,148,111

44,925

Camden

Property

Trust

5,366,291

9,662

Centerspace

650,446

77,141

Equity

Residential

5,185,418

21,436

Essex

Property

Trust

Inc

5,192,442

139,551

Independence

Realty

Trust

Inc

2,334,688

151,286

Invitation

Homes

Inc

5,108,928

34,592

Mid-America

Apartment

Communities

Inc

5,364,181

14,351

NexPoint

Residential

Trust

Inc

663,160

125,416

UDR

Inc

5,231,101

Total

Apartments

49,947,889

Diversified

-

1.4%

31,932

UMH

Properties

Inc

515,702

54,985

Washington

REIT

965,537

Total

Diversified

1,481,239

Hotels

-

18.1%

133,910

Apple

Hospitality

REIT

Inc

1,882,775

21,366

Ashford

Hospitality

Trust

Inc

(2)

145,503

30,825

Chatham

Lodging

Trust

(2)

304,243

132,694

DiamondRock

Hospitality

Co

996,532

20,757

Hersha

Hospitality

Trust,

Class

A

165,641

333,446

Host

Hotels

&

Resorts

Inc

5,295,123

141,451

Park

Hotels

&

Resorts

Inc

1,592,738

82,698

Pebblebrook

Hotel

Trust

1,199,948

102,387

RLJ

Lodging

Trust

1,036,157

34,699

Ryman

Hospitality

Properties

Inc

2,553,499

103,818

Service

Properties

Trust

538,815

67,513

Summit

Hotel

Properties

Inc

453,687

133,570

Sunstone

Hotel

Investors

Inc

1,258,229

71,941

Xenia

Hotels

&

Resorts

Inc

992,066

Total

Hotels

18,414,956

Manufactured

Homes

-

9.8%

80,797

Equity

LifeStyle

Properties

Inc

5,077,284

37,019

Sun

Communities

Inc

5,009,781

Total

Manufactured

Homes

10,087,065

Self-Storage

-

21.6%

124,224

CubeSmart

4,976,413

28,676

Extra

Space

Storage

Inc

4,952,632

44,832

Life

Storage

Inc

4,965,592

53,687

National

Storage

Affiliates

Trust

2,232,306

17,184

Public

Storage

5,031,647

Total

Self-Storage

22,158,590

Total

Long-Term

Investments

(cost

$129,344,060)

102,089,739

Other

Assets

Less

Liabilities

-

0.4%

451,909

Net

Assets

-

100%

$

102,541,648

Nuveen

Short-Term

REIT

ETF

(NURE)

(continued)

Portfolio

of

Investments

September

30,

2022

(Unaudited)

2

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

$

102,089,739

$

–

$

–

$

102,089,739

Total

$

102,089,739

$

–

$

–

$

102,089,739

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