1

Nuveen

Core

Plus

Impact

Fund

Portfolio

of

Investments

September

30,

2022

(Unaudited)

NPCT

Principal

Amount

(000)

(1)

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

LONG-TERM

INVESTMENTS

-

164.1%  

(99.8%

of

Total

Investments)

X

311,048,563

CORPORATE

BONDS

-

88.7%

(53.9%

of

Total

Investments)

X

311,048,563

Airlines

-

0.4%

$

2,000

Delta

Air

Lines

Inc

3.750%

10/28/29

Baa3

$

1,554,010

Auto

Components

-

0.8%

4,000

Dana

Inc

4.250%

9/01/30

BB+

2,929,806

Automobiles

-

3.9%

3,510

Ford

Motor

Co

3.250%

2/12/32

BB+

2,528,358

15,300

Harley-Davidson

Inc

(4)

4.625%

7/28/45

BBB+

11,208,113

18,810

Total

Automobiles

13,736,471

Banks

-

9.2%

5,000

Alimentation

Couche-Tard

Inc,

144A

3.625%

5/13/51

BBB

3,224,367

17,000

Intesa

Sanpaolo

SpA,

144A

4.950%

6/01/42

BB+

10,094,878

10,000

Standard

Chartered

PLC,

144A

(4)

5.300%

1/09/43

BBB+

7,939,602

15,000

UniCredit

SpA,

144A

5.459%

6/30/35

Baa3

11,153,095

47,000

Total

Banks

32,411,942

Capital

Markets

-

2.2%

9,000

Banco

BTG

Pactual

SA/Cayman

Islands,

144A

2.750%

1/11/26

Ba2

7,812,000

Chemicals

-

4.1%

5,000

LG

Chem

Ltd,

144A

2.375%

7/07/31

A3

3,910,710

5,000

LYB

International

Finance

III

LLC

3.800%

10/01/60

BBB

3,149,777

8,227

Star

Energy

Geothermal

Wayang

Windu

Ltd,

144A

6.750%

4/24/33

Ba3

7,466,002

18,227

Total

Chemicals

14,526,489

Commercial

Services

&

Supplies

-

0.5%

2,040

New

York

Public

Library

Astor

Lenox

&

Tilden

Foundations

4.305%

7/01/45

AA-

1,737,817

Communications

Equipment

-

1.9%

10,000

Vodafone

Group

PLC

5.125%

6/04/81

BB+

6,763,800

Diversified

Consumer

Services

-

1.6%

6,160

YMCA

of

Greater

New

York

2.303%

8/01/26

BBB

5,429,224

Diversified

Financial

Services

-

1.7%

2,400

Community

Preservation

Corp

2.867%

2/01/30

AA-

1,948,934

5,400

EUR

Power

Finance

Corp

Ltd

1.841%

9/21/28

Baa3

4,145,951

7,800

Total

Diversified

Financial

Services

6,094,885

Electric

Utilities

-

18.9%

5,000

EUR

EDP

-

Energias

de

Portugal

SA

1.875%

3/14/82

BB+

3,295,418

8,523

India

Cleantech

Energy2021

1,

144A

4.700%

8/10/26

Ba3

6,477,480

6,650

Interchile

SA,

144A

4.500%

6/30/56

Baa1

4,873,329

10,666

Inversiones

Latin

America

Power

Ltda,

144A

5.125%

6/15/33

BB+

5,204,932

2,000

Leeward

Renewable

Energy

Operations

LLC,

144A

4.250%

7/01/29

Ba3

1,610,000

7,330

Liberty

Utilities

Finance

GP

1,

144A

2.050%

9/15/30

BBB+

5,547,048

7,000

Pattern

Energy

Operations

LP

/

Pattern

Energy

Operations

Inc,

144A

4.500%

8/15/28

BB-

6,068,650

2,806

Solar

Star

Funding

LLC,

144A

(4)

5.375%

6/30/35

BBB

2,789,040

13,000

Southern

California

Edison

Co

(4)

3.650%

6/01/51

A-

9,049,401

Nuveen

Core

Plus

Impact

Fund

(continued)

Portfolio

of

Investments

September

30,

2022

(Unaudited)

2

NPCT

Principal

Amount

(000)(1)  

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

Electric

Utilities

(continued)

$

5,000

Star

Energy

Geothermal

Darajat

II

/

Star

Energy

Geothermal

Salak,

144A

4.850%

10/14/38

Baa3

$

3,737,500

4,330

Topaz

Solar

Farms

LLC,

144A

5.750%

9/30/39

BB

3,983,649

9,744

Topaz

Solar

Farms

LLC,

144A

4.875%

9/30/39

BB

8,477,602

5,800

Vena

Energy

Capital

Pte

Ltd

,

Reg

S

3.133%

2/26/25

BBB-

5,320,067

87,849

Total

Electric

Utilities

66,434,116

Electrical

Equipment

-

1.2%

5,000

Sociedad

de

Transmision

Austral

SA,

144A

4.000%

1/27/32

Baa2

4,053,015

Electronic

Equipment,

Instruments

&

Components

-

1.3%

5,000

SK

Battery

America

Inc

,

Reg

S

2.125%

1/26/26

Baa3

4,362,934

Equity

Real

Estate

Investment

Trusts

-

4.3%

9,915

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

144A

3.375%

6/15/26

Baa3

7,956,788

2,000

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

144A

3.750%

9/15/30

Baa3

1,454,400

2,000

Host

Hotels

&

Resorts

LP

2.900%

12/15/31

BBB-

1,467,837

5,000

Scentre

Group

Trust

2,

144A

5.125%

9/24/80

BBB+

4,070,350

18,915

Total

Equity

Real

Estate

Investment

Trusts

14,949,375

Gas

Utilities

-

3.8%

15,000

Brooklyn

Union

Gas

Co,

144A

(4)

4.273%

3/15/48

BBB+

10,948,907

4,000

Southern

Co

Gas

Capital

Corp

3.150%

9/30/51

BBB+

2,509,037

19,000

Total

Gas

Utilities

13,457,944

Household

Durables

-

1.2%

5,000

EUR

Arcelik

AS

,

Reg

S

3.000%

5/27/26

BB+

4,068,712

Independent

Power

And

Renewable

Electricity

Producers

-

12.7%

5,000

AES

Corp

2.450%

1/15/31

BBB-

3,825,031

6,270

Atlantica

Sustainable

Infrastructure

PLC,

144A

4.125%

6/15/28

BB+

5,278,868

6,514

Azure

Power

Energy

Ltd,

144A

3.575%

8/19/26

BB+

4,885,125

5,100

Clearway

Energy

Operating

LLC,

144A

3.750%

1/15/32

BB

3,953,673

2,400

Clearway

Energy

Operating

LLC,

144A

4.750%

3/15/28

BB

2,136,962

7,050

Colbun

SA,

144A

3.150%

1/19/32

BBB+

5,386,384

1,935

Continuum

Energy

Levanter

Pte

Ltd,

144A

4.500%

2/09/27

BB+

1,561,216

8,075

Sunnova

Energy

Corp,

144A

5.875%

9/01/26

B1

7,215,356

9,932

Sweihan

PV

Power

Co

PJSC,

144A

3.625%

1/31/49

BBB+

7,877,963

2,846

UEP

Penonome

II

SA,

144A

6.500%

10/01/38

BB

2,447,446

55,122

Total

Independent

Power

And

Renewable

Electricity

Producers

44,568,024

Machinery

-

1.8%

5,000

Mueller

Water

Products

Inc,

144A

4.000%

6/15/29

Ba1

4,255,050

2,305

YMCA

of

Greater

New

York

5.021%

8/01/38

BBB

2,133,470

7,305

Total

Machinery

6,388,520

Media

-

1.7%

10,000

Discovery

Communications

LLC

4.000%

9/15/55

BBB-

5,895,979

Metals

&

Mining

-

1.1%

5,000

Teck

Resources

Ltd

5.200%

3/01/42

BBB-

4,002,342

Mortgage

Real

Estate

Investment

Trusts

(REITs)

-

2.8%

5,745

Starwood

Property

Trust

Inc,

144A

3.625%

7/15/26

BB+

4,883,250

5,710

Starwood

Property

Trust

Inc,

144A

4.375%

1/15/27

BB+

4,867,689

11,455

Total

Mortgage

Real

Estate

Investment

Trusts

(REITs)

9,750,939

3

Principal

Amount

(000)(1)  

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

Multiline

Retail

-

1.8%

$

10,000

Nordstrom

Inc

5.000%

1/15/44

BBB-

$

6,187,500

Multi-Utilities

-

0.5%

2,244

Consolidated

Edison

Co

of

New

York

Inc

4.300%

12/01/56

A-

1,731,704

Oil,

Gas

&

Consumable

Fuels

-

4.6%

4,828

Kinder

Morgan

Inc

(4)

5.300%

12/01/34

BBB

4,361,116

15,000

Santos

Finance

Ltd,

144A

(4)

3.649%

4/29/31

BBB

11,656,754

19,828

Total

Oil,

Gas

&

Consumable

Fuels

16,017,870

Real

Estate

Management

&

Development

-

0.5%

2,250

EUR

GTC

Aurora

Luxembourg

SA

,

Reg

S

2.250%

6/23/26

BBB-

1,630,472

Road

&

Rail

-

2.4%

5,000

Kansas

City

Southern/Old

4.200%

11/15/69

BBB

3,627,050

7,000

Norfolk

Southern

Corp

4.100%

5/15/21

BBB+

4,644,251

12,000

Total

Road

&

Rail

8,271,301

Trading

Companies

&

Distributors

-

1.8%

10,800

GATX

Corp

(4)

3.100%

6/01/51

BBB

6,281,372

$

411,805

Total

Corporate

Bonds

(cost

$431,554,503)

311,048,563

Principal

Amount

(000)

(1)

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

X

90,029,653

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

-

25.7%

(15.6%

of

Total

Investments)

X

90,029,653

Banks

-

9.3%

$

10,375

Banco

Nacional

de

Comercio

Exterior

SNC/Cayman

Islands,

144A

2.720%

8/11/31

Ba1

$

8,918,781

6,250

Citigroup

Inc

4.150%

N/A

(5)

BBB-

4,968,750

6,250

JPMorgan

Chase

&

Co

3.650%

N/A

(5)

BBB+

5,061,323

11,195

PNC

Financial

Services

Group

Inc

3.400%

N/A

(5)

Baa2

8,354,577

6,820

SVB

Financial

Group

4.000%

N/A

(5)

Baa2

5,177,851

40,890

Total

Banks

32,481,282

Communications

Equipment

-

0.8%

4,000

Vodafone

Group

PLC

4.125%

6/04/81

BB+

2,770,000

Consumer

Finance

-

1.6%

7,200

American

Express

Co

3.550%

N/A

(5)

Baa2

5,548,871

Electric

Utilities

-

1.7%

2,500

CMS

Energy

Corp

3.750%

12/01/50

BBB-

1,837,500

5,000

Southern

Co

(4)

3.750%

9/15/51

BBB-

4,054,450

7,500

Total

Electric

Utilities

5,891,950

Independent

Power

And

Renewable

Electricity

Producers

-

1.4%

4,331

AES

Andes

SA,

144A

6.350%

10/07/79

BB

3,725,591

1,500

Vistra

Corp,

144A

7.000%

N/A

(5)

Ba3

1,309,515

5,831

Total

Independent

Power

And

Renewable

Electricity

Producers

5,035,106

Nuveen

Core

Plus

Impact

Fund

(continued)

Portfolio

of

Investments

September

30,

2022

(Unaudited)

4

NPCT

Principal

Amount

(000)

(1)

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

Insurance

-

3.7%

$

15,000

Swiss

Re

Finance

Luxembourg

SA,

144A

(4)

5.000%

4/02/49

A

$

13,125,000

Multi-Utilities

-

4.3%

5,000

Algonquin

Power

&

Utilities

Corp

4.750%

1/18/82

BB+

4,083,850

2,500

CMS

Energy

Corp

4.750%

6/01/50

BBB-

2,112,500

8,000

EUR

Engie

SA

,

Reg

S

1.875%

N/A

(5)

BBB

5,351,544

4,600

Sempra

Energy

4.125%

4/01/52

BBB-

3,611,000

20,100

Total

Multi-Utilities

15,158,894

Trading

Companies

&

Distributors

-

2.9%

12,000

Air

Lease

Corp

4.650%

N/A

(5)

BB+

10,018,550

$

112,521

Total

$1,000

Par

(or

similar)

Institutional

Preferred

(cost

$117,202,870)

90,029,653

Principal

Amount

(000)

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

48863888

ASSET-BACKED

SECURITIES

-

13.9%

(8.5%

of

Total

Investments)

X

48,863,888

6,500

Alen

2021-ACEN

Mortgage

Trust

(1-Month

LIBOR

reference

rate

+

4.000%

spread),

144A

6.818%

4/15/34

BB-

$

5,895,798

5,000

BAMLL

Commercial

Mortgage

Securities

Trust

2021-

JACX

(1-Month

LIBOR

reference

rate

+

3.750%

spread),

144A

2021

JACX

6.568%

9/15/38

Ba2

4,606,812

46,337

Freddie

Mac

Multifamily

ML

Certificates

1.300%

7/25/41

N/R

4,857,039

65,420

Freddie

Mac

Multifamily

ML

Certificates

,

144A

2021

ML11

0.771%

3/25/38

N/R

3,759,650

2,273

GoodLeap

Sustainable

Home

Solutions

Trust

2021-3

,

144A

2021

3CS

3.500%

5/20/48

N/R

1,701,932

2,370

GoodLeap

Sustainable

Home

Solutions

Trust

2021-4

,

144A

2021

4GS

3.500%

7/20/48

BB

1,891,820

10,000

MFT

Trust

2020-ABC

,

144A

2020

ABC

3.593%

2/10/42

N/R

7,425,419

4,876

Mosaic

Solar

Loan

Trust

2019-2

,

144A

0.000%

9/20/40

N/R

2,730,711

6,072

Mosaic

Solar

Loan

Trust

2020-1

,

144A

0.000%

4/20/46

N/R

4,961,042

5,661

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE

(1-Month

LIBOR

reference

rate

+

2.750%

spread),

144A

5.568%

7/15/36

N/R

5,490,331

700

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE

(1-Month

LIBOR

reference

rate

+

3.500%

spread),

144A

6.318%

7/15/36

N/R

668,617

7,420

NYC

Commercial

Mortgage

Trust

2021-909

,

144A

2021

909

3.312%

4/10/43

N/R

4,874,717

$

162,629

Total

Asset-Backed

Securities

(cost

$58,354,982)

48,863,888

Principal

Amount

(000)

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

39464544

MORTGAGE-BACKED

SECURITIES

-

11.2%

(6.8%

of

Total

Investments)

X

39,464,544

4,000

BBCMS

Mortgage

Trust

2020-C6

,

144A

2020

C6

3.811%

2/15/53

N/R

$

2,741,930

3,840

Benchmark

2019-B10

Mortgage

Trust

,

144A

2019

B10

4.029%

3/15/62

N/R

2,862,327

7,887

COMM

2020-CX

Mortgage

Trust

,

144A

2020

CX

2.773%

11/10/46

N/R

5,279,372

28,727

Freddie

Mac

Multifamily

ML

Certificates

2021

ML10

2.126%

1/25/38

N/R

4,964,570

3,000

Hudson

Yards

Mortgage

Trust

,

144A

2019

3.041%

12/10/41

N/R

2,138,724

5,000

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2018-AON

,

144A

2018

AON

4.767%

7/05/31

B

4,077,994

8,000

SLG

Office

Trust

2021-OVA

,

144A

2021

OVA

2.851%

7/15/41

N/R

5,332,937

3,860

SLG

Office

Trust

2021-OVA

,

144A

2.851%

7/15/41

N/R

2,742,262

80,369

SLG

Office

Trust

2021-OVA

,

144A

0.258%

7/15/41

AA-

1,336,890

3,500

SUMIT

2022-BVUE

Mortgage

Trust

,

144A

2022

BVUE

2.989%

2/12/41

N/R

2,383,946

7,000

VNDO

Trust

2016-350P

,

144A

4.033%

1/10/35

B

5,603,592

$

155,183

Total

Mortgage-Backed

Securities

(cost

$51,781,847)

39,464,544

5

Shares

Description

(2)

Coupon

Ratings

(3)

Value

X

34,272,411

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

-

9.8%

(6.0%

of

Total

Investments)

X

34,272,411

Banks

-

1.8%

300,000

First

Republic

Bank/CA

4.000%

BBB-

$

4,968,000

75,000

First

Republic

Bank/CA

4.250%

BBB-

1,337,250

Total

Banks

6,305,250

Capital

Markets

-

1.5%

300,000

Affiliated

Managers

Group

Inc

4.200%

Baa1

5,139,000

Equity

Real

Estate

Investment

Trusts

-

1.9%

400,000

Hudson

Pacific

Properties

Inc

4.750%

Baa3

6,676,000

Independent

Power

And

Renewable

Electricity

Producers

-

1.1%

200,000

Brookfield

Renewable

Partners

LP

5.250%

BBB-

3,922,000

Multi-Utilities

-

1.5%

100,426

Brookfield

Infrastructure

Partners

LP

5.125%

BBB-

1,686,153

200,000

CMS

Energy

Corp

4.200%

BBB-

3,420,000

Total

Multi-Utilities

5,106,153

Real

Estate

Management

&

Development

-

0.4%

77,904

Brookfield

Property

Partners

LP

5.750%

BB

1,324,368

Trading

Companies

&

Distributors

-

1.6%

269,000

Triton

International

Ltd

5.750%

BB

5,799,640

Total

$25

Par

(or

similar)

Retail

Preferred

(cost

$48,440,556)

34,272,411

Principal

Amount

(000)

(1)

Description

(2)

Coupon

Maturity

Ratings

(3)

Value

24,882,451

SOVEREIGN

DEBT

-

7.1%

(4.3%

of

Total

Investments)

X

24,882,451

Benin

-

1.8%

$

10,000

EUR

Benin

Government

International

Bond

,

144A

4.950%

1/22/35

B+

$

6,171,078

Chile

-

1.0%

5,000

Chile

Government

International

Bond

3.100%

5/07/41

A

3,387,774

Egypt

-

0.5%

2,500

Egypt

Government

International

Bond

,

144A

5.250%

10/06/25

B+

1,942,950

Mexico

-

1.7%

3,150

Mexico

Government

International

Bond

4.875%

5/19/33

BBB

2,768,802

5,000

EUR

Mexico

Government

International

Bond

2.250%

8/12/36

BBB

3,200,890

Total

Mexico

5,969,692

Peru

-

2.1%

9,870

Peruvian

Government

International

Bond

3.000%

1/15/34

Baa1

7,410,957

Total

Sovereign

Debt

(cost

$37,897,218)

24,882,451

Nuveen

Core

Plus

Impact

Fund

(continued)

Portfolio

of

Investments

September

30,

2022

(Unaudited)

6

NPCT

Principal

Amount

(000)

Description

(2)

Coupon

(6)

Reference

Rate

(6)

Spread

(6)

Maturity

(7)

Ratings

(3)

Value

X

15,629,091

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

4.4%

(2.7%

of

Total

Investments)

(6)

X

15,629,091

Commercial

Services

&

Supplies

-

2.7%

$

10,498

LTR

Intermediate

Holdings,

Inc.,

Term

Loan

8.174%

ICE

Libor

USD

1

Month

450.000%

5/07/28

B

$

9,605,460

Electric

Utilities

-

1.7%

6,136

ExGen

Renewables

IV,

LLC,

Term

Loan

5.570%

3-Month

LIBOR

2.500%

12/15/27

BB-

6,023,631

$

16,634

Total

Variable

Rate

Senior

Loan

Interests

(cost

$16,596,711)

15,629,091

Principal

Amount

(000)

Description

(2)

Optional

Call

Provisions

(8)

Ratings

(3)

Value

X

11,477,791

MUNICIPAL

BONDS

-

3.3%

(2.0%

of

Total

Investments)

X

11,477,791

Arizona

-

0.2%

$

810

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

KIPPC

NYC

Public

Charter

Schools

-

Gerard

Facility

Project,

Series

2021C,

3.250%,

7/01/31

No

Opt.

Call

BBB-

$

687,259

District

of

Columbia

-

0.1%

220

District

of

Columbia

Water

and

Sewer

Authority,

Public

Utility

Revenue

Bonds,

Taxable

Senior

Lien

Green

Series

2014A,

4.814%,

10/01/14

No

Opt.

Call

AAA

193,623

Michigan

-

1.4%

City

of

Detroit,

Michigan,

General

Obligation

Bonds,

Series

2021:

1,000

2.960%,

4/01/27

No

Opt.

Call

BB-

882,518

500

3.110%,

4/01/28

No

Opt.

Call

BB-

430,662

2,245

3.244%,

4/01/29

No

Opt.

Call

BB-

1,890,432

425

3.344%,

4/01/30

No

Opt.

Call

BB-

352,193

1,575

Detroit,

Wayne

County,

Michigan,

General

Obligation

Bonds,

Taxable

Series

2021B,

3.644%,

4/01/34

4/31

at

100.00

BB-  

1,265,654

5,745

Total

Michigan

4,821,459

7

Investments

in

Derivatives

Principal

Amount

(000)

Description

(2)

Optional

Call

Provisions

(8)

Ratings

(3)

Value

Montana

-

0.3%

$

1,000

County

of

Gallatin,

Montana,

Series

2022,

11.500%,

9/01/27,

144A

9/25

at

103.00

N/R

$

1,042,974

New

York

-

1.3%

5,300

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Taxable

Green

Climate

Certified

Series

2020C-2,

5.175%,

11/15/49

No

Opt.

Call

A3

4,732,476

$

13,075

Total

Municipal

Bonds

(cost

$14,984,731)

11,477,791

Total

Long-Term

Investments

(cost

$776,813,418)

575,668,392

Principal

Amount

(000)

Description

(2)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

 0.4% (0.2%

of

Total

Investments)

X

1,399,238

REPURCHASE

AGREEMENTS

-

0.4%

(0.2%

of

Total

Investments)

X

1,399,238

$

1,399

Repurchase

Agreement

with

Fixed

Income

Clearing

Corporation,

dated

9/30/22,

repurchase

price

$1,399,335,

collateralized

by

$1,123,400,

U.S.

Treasury

Inflation

Index

Notes,

0.125%,

due

1/15/23,

value

$1,427,340

0.830%

10/03/22

$

1,399,238

Total

Short-Term

Investments

(cost

$1,399,238)

1,399,238

Total

Investments

(cost

$

778,212,656

)

-

164

.5

%

577,067,630

Borrowings

-

(27.8)%

(9),(10)

(

97,500,000

)

Reverse

Repurchase

Agreements,

including

accrued

interest

-

(19.7)%(11)

(

69,129,670

)

MuniFund

Preferred

Shares,

net

of

deferred

offering

costs

-

(19.9)%(12)

(

69,728,025

)

Other

Assets

Less

Liabilities

-  2.9%(13)

10,139,312

Net

Assets

Applicable

to

Common

Shares

-

100%

$

350,849,247

Forward

Foreign

Currency

Contracts

Currency

Purchased

Notional

Amount

(Local

Currency)

Currency

Sold

Notional

Amount

(Local

Currency)

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

U.S.

Dollar

7,490,219

Euro

7,507,068

Toronto

Dominion

Bank

11/18/22

$

143,437

$–

Nuveen

Core

Plus

Impact

Fund

(continued)

Portfolio

of

Investments

September

30,

2022

(Unaudited)

8

NPCT

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:

Cross

Currency

Swaps

-

OTC

Uncleared

Counterparty

Terms

of

payments

to

be

paid

Terms

of

payments

to

be

received

Currency

Maturity

Date

Notional

Amount

(Local

Currency)

Value

Upfront

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Citibank

N.A.

Fixed

annual

2.250%

Fixed

semi-annual

3.562%

USD

EUR

6/23/26

2,725,875

2,250,000

$

505,521

$

24,848

$

480,673

Citibank

N.A.

Fixed

semi-annual

1.875%

Fixed

annual

3.493%

USD

EUR

7/02/31

3,543,900

3,000,000

734,800

(

6,824

)

741,624

Citibank

N.A.

Fixed

semi-annual

1.875%

Fixed

annual

3.472%

USD

EUR

7/02/31

5,904,500

5,000,000

1,213,043

16,559

1,196,484

Citibank

N.A.

Fixed

semi-annual

2.250%

Fixed

annual

3.775%

USD

EUR

8/12/36

5,909,000

5,000,000

1,371,861

12,274

1,359,587

JPMorgan

Chase

Bank,

N.A.

Fixed

semi-annual

1.875%

Fixed

annual

3.431%

USD

EUR

6/14/29

5,905,000

5,000,000

1,057,906

(

3,787

)

1,061,693

Morgan

Stanley

Capital

Services

LLC

Fixed

semi-annual

3.000%

Fixed

annual

4.330%

USD

EUR

5/27/26

6,088,500

5,000,000

1,202,168

4,250

1,197,918

Morgan

Stanley

Capital

Services

LLC

Fixed

semi-annual

1.841%

Fixed

annual

3.337%

USD

EUR

9/21/28

6,376,320

5,400,000

1,089,859

(

3

)

1,089,862

Total

$

7,175,158

$

47,317

$

7,127,841

9

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Corporate

Bonds

$

–

$

311,048,563

$

–

$

311,048,563

$1,000

Par

(or

similar)

Institutional

Preferred

–

90,029,653

–

90,029,653

Asset-Backed

Securities

–

48,863,888

–

48,863,888

Mortgage-Backed

Securities

–

39,464,544

–

39,464,544

$25

Par

(or

similar)

Retail

Preferred

34,272,411

–

–

34,272,411

Sovereign

Debt

–

24,882,451

–

24,882,451

Variable

Rate

Senior

Loan

Interests

–

15,629,091

–

15,629,091

Municipal

Bonds

–

11,477,791

–

11,477,791

Short-Term

Investments:

Repurchase

Agreements

–

1,399,238

–

1,399,238

Investments

in

Derivatives:

Forward

Foreign

Currency

Contracts*

–

143,437

–

143,437

Cross

Currency

Swaps*

–

7,127,841

–

7,127,841

Total

$

34,272,411

$

550,066,497

$

–

$

584,338,908

*

Represents

net

unrealized

appreciation

(depreciation).

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)

Principal

Amount

(000)

denominated

in

U.S.

Dollars,

unless

otherwise

noted.

(2)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets

applicable

to

common

shares

unless

otherwise

noted.

(3)

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.

(4)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

reverse

repurchase

agreements.

As

of

the

end

of

the

reporting

period,

investments

with

a

value

of

$77,780,281

have

been

pledged

as

collateral

for

reverse

repurchase

agreements.

(5)

Perpetual

security.

Maturity

date

is

not

applicable.

(6)

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.

(7)

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.

(8)

Optional

Call

Provisions:

Dates

(month

and

year)

and

prices

of

the

earliest

optional

call

or

redemption.

There

may

be

other

call

provisions

at

varying

prices

at

later

dates.

Certain

mortgage-backed

securities

may

be

subject

to

periodic

principal

paydowns.

(9)

Borrowings

as

a

percentage

of

Total

Investments

is

16.9%.

(10)

The

Fund

may

pledge

up

to

100%

of

its

eligible

investment

(excluding

any

investments

pledged

as

collateral

to

specific

investments

in

derivatives,

when

applicable)

in

the

Portfolio

of

Investments

as

collateral

for

borrowings.

(11)

Reverse

Repurchase

Agreements,

including

accrued

interest

as

a

percentage

of

Total

investments

is

12.0%.

(12)

MuniFund

Preferred

Shares,

net

of

deferred

offering

costs

as

a

percentage

of

Total

Investments

is

12.1%.

(13)

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.

EUR

Euro

LIBOR

London

Inter-Bank

Offered

Rate

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.