1

Nuveen

Short-Term

REIT

ETF

(NURE)

Portfolio

of

Investments

September

30,

2023

(Unaudited)

Shares

Description

(a)

Value

LONG-TERM

INVESTMENTS

-

99.3%  

REAL

ESTATE

INVESTMENT

TRUST

COMMON

STOCKS

-

99.3%

Apartments

-

47.8%

70,478

American

Homes

4

Rent,

Class

A

$

2,374,404

55,569

Apartment

Income

REIT

Corp

1,705,968

50,676

Apartment

Investment

and

Management

Co,

Class

A

(b)

344,597

13,913

AvalonBay

Communities

Inc

2,389,419

23,822

Camden

Property

Trust

2,253,085

5,567

Centerspace

335,467

39,233

Equity

Residential

2,303,369

10,556

Essex

Property

Trust

Inc

2,238,822

83,569

Independence

Realty

Trust

Inc

1,175,816

73,487

Invitation

Homes

Inc

2,328,803

17,683

Mid-America

Apartment

Communities

Inc

2,274,918

8,509

NexPoint

Residential

Trust

Inc

273,820

63,876

UDR

Inc

2,278,457

29,827

Veris

Residential

Inc

492,145

Total

Apartments

22,769,090

Diversified

-

1.5%

32,704

Elme

Communities

446,083

22,078

UMH

Properties

Inc

309,534

Total

Diversified

755,617

Hotels

-

22.5%

79,238

Apple

Hospitality

REIT

Inc

1,215,511

12,175

Ashford

Hospitality

Trust

Inc

(b)

29,098

18,194

Chatham

Lodging

Trust

174,117

78,062

DiamondRock

Hospitality

Co

626,838

12,355

Hersha

Hospitality

Trust,

Class

A

121,820

156,269

Host

Hotels

&

Resorts

Inc

2,511,243

80,336

Park

Hotels

&

Resorts

Inc

989,739

44,873

Pebblebrook

Hotel

Trust

609,824

58,643

RLJ

Lodging

Trust

574,115

22,234

Ryman

Hospitality

Properties

Inc

1,851,647

61,617

Service

Properties

Trust

473,835

40,060

Summit

Hotel

Properties

Inc

232,348

77,153

Sunstone

Hotel

Investors

Inc

721,380

39,943

Xenia

Hotels

&

Resorts

Inc

470,528

Total

Hotels

10,602,043

Manufactured

Homes

-

10.3%

37,922

Equity

LifeStyle

Properties

Inc

2,416,011

20,880

Sun

Communities

Inc

2,470,939

Total

Manufactured

Homes

4,886,950

Self-Storage

-

17.2%

61,865

CubeSmart

2,358,913

19,719

Extra

Space

Storage

Inc

2,397,436

30,905

National

Storage

Affiliates

Trust

980,925

9,287

Public

Storage

2,447,310

Total

Self-Storage

8,184,584

Total

Long-Term

Investments

(cost

$66,866,710)

47,198,284

Other

Assets

&

Liabilities,

Net

-

0.7%

317,755

Net

Assets

-

100%

$

47,516,039

Nuveen

Short-Term

REIT

ETF

(NURE)

(continued)

Portfolio

of

Investments

September

30,

2023

(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

$

47,198,284

$

–

$

–

$

47,198,284

Total

$

47,198,284

$

–

$

–

$

47,198,284

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.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

REIT

Real

Estate

Investment

Trust