NPORT-EX 2 tiaa_FHIB.htm
1
Nuveen
Credit
Income
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
101.4%   
X
46,880,195
CORPORATE
BONDS
-
60.8%
X
46,880,195
Aerospace
&
Defense
-
1.6%
$
500
Bombardier
Inc,
144A
7.500%
2/01/29
B
$
485,440
200
Embraer
Netherlands
Finance
BV,
144A
6.950%
1/17/28
BB+
199,137
515
TransDigm
Inc,
144A
6.750%
8/15/28
Ba3
515,593
Total
Aerospace
&
Defense
1,200,170
Air
Freight
&
Logistics
-
0.3%
300
Cargo
Aircraft
Management
Inc,
144A
4.750%
2/01/28
BB
260,261
Total
Air
Freight
&
Logistics
260,261
Automobile
Components
-
2.1%
515
Clarios
Global
LP
/
Clarios
US
Finance
Co,
144A
6.750%
5/15/28
B+
515,000
500
Dana
Inc
4.500%
2/15/32
BB+
401,090
250
Goodyear
Tire
&
Rubber
Co/The
(3)
5.250%
7/15/31
BB-
217,470
500
IHO
Verwaltungs
GmbH,
144A
,
(cash
4.750%,
PIK
5.500%)
4.750%
9/15/26
Ba2
450,441
Total
Automobile
Components
1,584,001
Automobiles
-
1.7%
230
Ford
Motor
Credit
Co
LLC
7.350%
3/06/30
BB+
231,637
340
Ford
Motor
Credit
Co
LLC
6.800%
5/12/28
BB+
336,474
750
Ford
Motor
Credit
Co
LLC
(SOFR
reference
rate
+
2.950%
spread)
(4)
7.526%
3/06/26
BB+
746,671
Total
Automobiles
1,314,782
Beverages
-
0.6%
500
Primo
Water
Holdings
Inc,
144A
4.375%
4/30/29
B1
430,075
Total
Beverages
430,075
Biotechnology
-
0.1%
110
Emergent
BioSolutions
Inc,
144A
3.875%
8/15/28
B
60,458
Total
Biotechnology
60,458
Broadline
Retail
-
0.6%
500
JSM
Global
Sarl,
144A
(5)
4.750%
10/20/30
C
86,088
600
Kohl's
Corp
4.625%
5/01/31
BBB-
390,672
Total
Broadline
Retail
476,760
Capital
Markets
-
1.4%
250
Compass
Group
Diversified
Holdings
LLC,
144A
5.250%
4/15/29
B+
220,780
500
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
5.250%
5/15/27
BB
412,079
500
NFP
Corp,
144A
6.875%
8/15/28
CCC+
414,666
Total
Capital
Markets
1,047,525
Chemicals
-
3.4%
300
ASP
Unifrax
Holdings
Inc,
144A
5.250%
9/30/28
BB
225,993
240
Avient
Corp,
144A
7.125%
8/01/30
BB-
242,316
250
EverArc
Escrow
Sarl,
144A
5.000%
10/30/29
B+
198,482
250
Olympus
Water
US
Holding
Corp,
144A
4.250%
10/01/28
B-
200,479
200
Sasol
Financing
USA
LLC,
144A
8.750%
5/03/29
BB+
191,514
385
Star
Energy
Geothermal
Wayang
Windu
Ltd,
144A
6.750%
4/24/33
Ba3
375,884
750
Trinseo
Materials
Operating
SCA
/
Trinseo
Materials
Finance
Inc,
144A
5.375%
9/01/25
B3
590,625
Nuveen
Credit
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
2
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Chemicals
(continued)
$
200
Tronox
Inc,
144A
4.625%
3/15/29
BB-
$
162,337
475
WR
Grace
Holdings
LLC,
144A
7.375%
3/01/31
BB+
465,500
Total
Chemicals
2,653,130
Commercial
Services
&
Supplies
-
1.4%
500
Allied
Universal
Holdco
LLC/Allied
Universal
Finance
Corp/Atlas
Luxco
4
Sarl,
144A
4.625%
6/01/28
B
414,495
500
Garda
World
Security
Corp,
144A
4.625%
2/15/27
BB
456,639
250
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc,
144A
6.250%
1/15/28
B
229,621
Total
Commercial
Services
&
Supplies
1,100,755
Communications
Equipment
-
1.4%
250
Commscope
Inc,
144A
6.000%
3/01/26
B1
234,753
400
CommScope
Technologies
LLC,
144A
6.000%
6/15/25
CCC+
375,943
500
Viasat
Inc,
144A
5.625%
9/15/25
B+
480,400
Total
Communications
Equipment
1,091,096
Construction
Materials
-
0.4%
200
Cemex
SAB
de
CV,
144A
9.125%
12/30/49
BB-
200,740
200
Volcan
Cia
Minera
SAA,
144A
4.375%
2/11/26
B+
135,053
Total
Construction
Materials
335,793
Consumer
Finance
-
0.6%
535
Navient
Corp
5.500%
3/15/29
Ba3
442,712
Total
Consumer
Finance
442,712
Consumer
Staples
Distribution
&
Retail
-
1.1%
350
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC,
144A
6.500%
2/15/28
BB
347,812
500
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC,
144A
5.875%
2/15/28
BB
488,365
Total
Consumer
Staples
Distribution
&
Retail
836,177
Containers
&
Packaging
-
1.5%
300
LABL
Inc,
144A
5.875%
11/01/28
B2
269,625
350
Mauser
Packaging
Solutions
Holding
Co,
144A
7.875%
8/15/26
B
346,892
220
Owens-Brockway
Glass
Container
Inc,
144A
7.250%
5/15/31
B+
223,850
285
Trident
TPI
Holdings
Inc,
144A
12.750%
12/31/28
CCC+
291,412
Total
Containers
&
Packaging
1,131,779
Diversified
Telecommunication
Services
-
2.4%
350
Altice
France
SA/France,
144A
8.125%
2/01/27
B2
301,629
425
Cablevision
Lightpath
LLC,
144A
3.875%
9/15/27
B1
350,192
500
Frontier
Communications
Holdings
LLC
(3)
5.875%
11/01/29
CCC+
350,115
500
Frontier
Communications
Holdings
LLC,
144A
(3)
6.000%
1/15/30
BB-
350,886
385
Iliad
Holding
SASU,
144A
6.500%
10/15/26
BB-
362,462
200
Virgin
Media
Finance
PLC,
144A
5.000%
7/15/30
B
158,314
Total
Diversified
Telecommunication
Services
1,873,598
Electric
Utilities
-
1.4%
175
Edison
International
5.375%
9/15/71
BB+
153,195
315
NRG
Energy
Inc,
144A
7.000%
3/15/33
BBB-
317,821
610
Talen
Energy
Supply
LLC,
144A
8.625%
6/01/30
BB+
620,858
Total
Electric
Utilities
1,091,874
3
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Electronic
Equipment,
Instruments
&
Components
-
0.6%
$
500
Imola
Merger
Corp,
144A
4.750%
5/15/29
BB+
$
430,105
Total
Electronic
Equipment,
Instruments
&
Components
430,105
Energy
Equipment
&
Services
-
0.4%
300
Transocean
Titan
Financing
Ltd,
144A
8.375%
2/01/28
B2
303,804
Total
Energy
Equipment
&
Services
303,804
Entertainment
-
0.0%
250
Diamond
Sports
Group
LLC
/
Diamond
Sports
Finance
Co,
144A
(5)
5.375%
8/15/26
N/R
10,504
Total
Entertainment
10,504
Financial
Services
-
0.0%
2
Putnam
RE
PTE
Ltd2020
A,
144A
(5),(6)
10.858%
6/07/24
N/R
0
Total
Financial
Services
0
Gas
Utilities
-
0.9%
500
Ferrellgas
LP
/
Ferrellgas
Finance
Corp,
144A
5.375%
4/01/26
B
454,800
250
Ferrellgas
LP
/
Ferrellgas
Finance
Corp,
144A
5.875%
4/01/29
B
208,195
Total
Gas
Utilities
662,995
Ground
Transportation
-
0.2%
200
Transnet
SOC
Ltd,
144A
(3)
8.250%
2/06/28
BB-
191,386
Total
Ground
Transportation
191,386
Health
Care
Providers
&
Services
-
3.1%
300
AdaptHealth
LLC,
144A
5.125%
3/01/30
B1
233,349
500
CHS/Community
Health
Systems
Inc,
144A
5.250%
5/15/30
BB-
375,559
500
CHS/Community
Health
Systems
Inc,
144A
4.750%
2/15/31
BB-
359,264
500
DaVita
Inc,
144A
4.625%
6/01/30
B+
428,223
320
IQVIA
Inc,
144A
6.500%
5/15/30
BB
325,411
500
Pediatrix
Medical
Group
Inc,
144A
(3)
5.375%
2/15/30
BB-
460,000
250
Tenet
Healthcare
Corp
(3)
6.125%
10/01/28
B+
236,951
Total
Health
Care
Providers
&
Services
2,418,757
Health
Care
REITs
-
0.3%
300
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
(3)
5.000%
10/15/27
BB+
246,385
Total
Health
Care
REITs
246,385
Hotels,
Restaurants
&
Leisure
-
5.3%
300
Arcos
Dorados
BV,
144A
6.125%
5/27/29
BB+
293,088
485
Caesars
Entertainment
Inc,
144A
7.000%
2/15/30
Ba3
487,224
700
Carnival
Corp,
144A
10.500%
2/01/26
BB-
727,389
300
CDI
Escrow
Issuer
Inc,
144A
5.750%
4/01/30
B+
281,192
250
Churchill
Downs
Inc,
144A
4.750%
1/15/28
B+
231,284
500
Cinemark
USA
Inc,
144A
5.875%
3/15/26
B+
475,000
400
Fortune
Star
BVI
Ltd
,
Reg
S
6.750%
7/02/23
BB-
392,200
250
Life
Time
Inc,
144A
5.750%
1/15/26
BB-
242,184
300
NCL
Corp
Ltd,
144A
5.875%
3/15/26
B-
272,144
345
NCL
Corp
Ltd,
144A
8.375%
2/01/28
BB-
356,822
150
Royal
Caribbean
Cruises
Ltd,
144A
7.250%
1/15/30
B+
151,339
250
Wynn
Macau
Ltd,
144A
5.625%
8/26/28
B+
210,625
Total
Hotels,
Restaurants
&
Leisure
4,120,491
Household
Durables
-
0.5%
500
Newell
Brands
Inc
5.750%
4/01/46
BB+
364,307
Total
Household
Durables
364,307
Nuveen
Credit
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
4
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Independent
Power
Producers
&
Energy
Traders
-
0.3%
$
300
EnfraGen
Energia
Sur
SA
/
EnfraGen
Spain
SA
/
Prime
Energia
SpA,
144A
5.375%
12/30/30
BBB-
$
192,339
Total
Independent
Power
Producers
&
Energy
Traders
192,339
Insurance
-
1.2%
400
Acrisure
LLC
/
Acrisure
Finance
Inc,
144A
7.000%
11/15/25
CCC+
379,010
370
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-
Issuer,
144A
6.750%
4/15/28
B2
362,982
250
BroadStreet
Partners
Inc,
144A
5.875%
4/15/29
CCC+
216,289
Total
Insurance
958,281
IT
Services
-
0.9%
350
Ahead
DB
Holdings
LLC,
144A
6.625%
5/01/28
CCC+
284,375
500
MPH
Acquisition
Holdings
LLC,
144A
5.500%
9/01/28
B1
398,648
Total
IT
Services
683,023
Media
-
6.5%
400
Altice
Financing
SA,
144A
5.000%
1/15/28
B
312,537
500
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp,
144A
5.000%
2/01/28
BB+
454,406
500
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp,
144A
6.375%
9/01/29
BB+
466,335
750
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp,
144A
7.375%
3/03/31
BB+
717,865
300
CSC
Holdings
LLC,
144A
4.125%
12/01/30
B1
208,248
265
CSC
Holdings
LLC,
144A
11.250%
5/15/28
B1
251,088
125
CSC
Holdings
LLC
(3)
5.250%
6/01/24
CCC+
115,905
500
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor
Inc,
144A
5.875%
8/15/27
BBB-
440,409
700
DISH
Network
Corp,
144A
11.750%
11/15/27
Ba3
669,975
300
iHeartCommunications
Inc,
144A
(3)
5.250%
8/15/27
BB-
210,670
225
LCPR
Senior
Secured
Financing
DAC,
144A
5.125%
7/15/29
BB+
186,501
250
UPC
Holding
BV,
144A
5.500%
1/15/28
B
219,375
200
Virgin
Media
Secured
Finance
PLC,
144A
5.500%
5/15/29
BB+
179,758
750
VZ
Secured
Financing
BV,
144A
5.000%
1/15/32
BB
596,524
Total
Media
5,029,596
Metals
&
Mining
-
2.3%
500
Cleveland-Cliffs
Inc,
144A
6.750%
4/15/30
BB-
472,251
280
FMG
Resources
August
2006
Pty
Ltd,
144A
5.875%
4/15/30
BB+
264,249
265
Mineral
Resources
Ltd,
144A
8.000%
11/01/27
BB
265,771
345
Mineral
Resources
Ltd,
144A
8.500%
5/01/30
BB
346,294
520
SunCoke
Energy
Inc,
144A
4.875%
6/30/29
BB
428,111
Total
Metals
&
Mining
1,776,676
Mortgage
Real
Estate
Investment
Trusts
(REITs)
-
0.5%
500
Rocket
Mortgage
LLC
/
Quicken
Loans
Co-Issuer
Inc,
144A
3.625%
3/01/29
Ba1
412,330
Total
Mortgage
Real
Estate
Investment
Trusts
(REITs)
412,330
Oil,
Gas
&
Consumable
Fuels
-
9.0%
300
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp,
144A
5.375%
6/15/29
BB
275,806
540
Baytex
Energy
Corp,
144A
8.500%
4/30/30
BB-
527,748
285
Callon
Petroleum
Co,
144A
7.500%
6/15/30
BB-
264,261
415
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp,
144A
8.125%
1/15/27
B-
395,288
380
CNX
Midstream
Partners
LP,
144A
4.750%
4/15/30
BB
314,679
490
Crestwood
Midstream
Partners
LP
/
Crestwood
Midstream
Finance
Corp,
144A
5.625%
5/01/27
BB
462,094
150
Ecopetrol
SA
8.875%
1/13/33
Baa3
146,683
360
EnLink
Midstream
LLC,
144A
6.500%
9/01/30
BBB-
357,774
5
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
$
500
EQM
Midstream
Partners
LP
6.500%
7/15/48
BB
$
408,440
250
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
8.000%
1/15/27
B
243,507
315
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
8.875%
4/15/30
B
309,772
200
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co,
144A
5.750%
2/01/29
BB+
181,032
175
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co,
144A
6.000%
2/01/31
BB+
155,755
300
KazMunayGas
National
Co
JSC,
144A
5.375%
4/24/30
Baa2
271,313
350
Leviathan
Bond
Ltd,
144A
,
Reg
S
6.500%
6/30/27
BB
332,423
335
Matador
Resources
Co,
144A
6.875%
4/15/28
BB-
332,260
250
Medco
Laurel
Tree
Pte
Ltd,
144A
6.950%
11/12/28
B+
219,095
350
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp,
144A
7.500%
2/01/26
B+
334,418
370
Parkland
Corp/Canada,
144A
4.625%
5/01/30
BB
319,865
300
Peru
LNG
Srl,
144A
5.375%
3/22/30
B+
238,699
300
Petroleos
Mexicanos,
144A
(3)
10.000%
2/07/33
BBB
269,076
300
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp
6.875%
9/01/27
BB-
280,961
330
Venture
Global
LNG
Inc,
144A
8.125%
6/01/28
BB
331,650
Total
Oil,
Gas
&
Consumable
Fuels
6,972,599
Passenger
Airlines
-
1.0%
265
American
Airlines
Inc,
144A
7.250%
2/15/28
Ba3
259,307
150
American
Airlines
Inc,
144A
11.750%
7/15/25
Ba3
164,308
350
United
Airlines
Inc,
144A
4.625%
4/15/29
Ba1
317,045
Total
Passenger
Airlines
740,660
Personal
Care
Products
-
0.6%
500
Kronos
Acquisition
Holdings
Inc
/
KIK
Custom
Products
Inc,
144A
7.000%
12/31/27
CCC
429,215
Total
Personal
Care
Products
429,215
Pharmaceuticals
-
0.3%
400
Bausch
Health
Cos
Inc,
144A
4.875%
6/01/28
B
241,240
Total
Pharmaceuticals
241,240
Professional
Services
-
0.7%
250
ASGN
Inc,
144A
4.625%
5/15/28
BB-
225,265
300
Verscend
Escrow
Corp,
144A
9.750%
8/15/26
CCC+
300,655
Total
Professional
Services
525,920
Real
Estate
Management
&
Development
-
0.4%
400
Realogy
Group
LLC
/
Realogy
Co-Issuer
Corp,
144A
(3)
5.250%
4/15/30
B
277,470
Total
Real
Estate
Management
&
Development
277,470
Software
-
0.3%
250
Gen
Digital
Inc,
144A
6.750%
9/30/27
BB+
249,714
Total
Software
249,714
Specialized
REITs
-
0.5%
190
Iron
Mountain
Inc,
144A
7.000%
2/15/29
BB-
189,328
190
Uniti
Group
LP
/
Uniti
Group
Finance
Inc
/
CSL
Capital
LLC,
144A
10.500%
2/15/28
BB+
184,343
Total
Specialized
REITs
373,671
Specialty
Retail
-
1.3%
250
LCM
Investments
Holdings
II
LLC,
144A
4.875%
5/01/29
BB-
208,474
650
Michaels
Cos
Inc/The,
144A
7.875%
5/01/29
CCC
399,386
500
Staples
Inc,
144A
7.500%
4/15/26
B
410,987
Total
Specialty
Retail
1,018,847
Nuveen
Credit
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
6
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Textiles
-
0.4%
$
270
Hanesbrands
Inc,
144A
(3)
9.000%
2/15/31
BB-
$
270,029
Total
Textiles
270,029
Trading
Companies
&
Distributors
-
1.1%
445
Albion
Financing
1
SARL
/
Aggreko
Holdings
Inc,
144A
6.125%
10/15/26
BB+
399,045
250
Albion
Financing
2SARL,
144A
8.750%
4/15/27
BB-
216,187
250
Ashtead
Capital
Inc,
144A
5.550%
5/30/33
BBB
242,175
Total
Trading
Companies
&
Distributors
857,407
Wireless
Telecommunication
Services
-
0.2%
200
Liberty
Costa
Rica
Senior
Secured
Finance,
144A
10.875%
1/15/31
B+
191,498
Total
Wireless
Telecommunication
Services
191,498
Total
Corporate
Bonds
(cost
$50,435,630)
46,880,195
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X17,424,729.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
-
22.6%
X
17,424,729
450
Adams
Outdoor
Advertising
LP,
2018
1,
144A
7.356%
11/15/48
BB
$
405,984
750
Affirm
Asset
Securitization
Trust
2021-B,
2021
B,
144A
2.540%
8/17/26
N/R
677,547
1,000
Ashford
Hospitality
Trust
2018-KEYS,
(1-Month
LIBOR
reference
rate
+
2.750%
spread),
2018
KEYS,
144A(4)
2.860%
6/15/35
Baa3
940,557
3
Carvana
Auto
Receivables
Trust
2021-P2,
2021
P2,
144A
0.000%
5/10/28
N/R
672,500
1,000
COMM
2014-UBS3
Mortgage
Trust,
2014
UBS3,
144A
4.767%
6/10/47
N/R
687,387
900
COMM
2015-CCRE22
Mortgage
Trust,
2015
CR22,
144A
3.000%
3/10/48
BB-
652,677
485
COMM
2015-CCRE25
Mortgage
Trust,
2015
CR25
3.768%
8/10/48
BB
368,752
1,000
Connecticut
Avenue
Securities
Trust
2021-R01,
(SOFR30A
reference
rate
+
6.000%
spread),
2021
R01,
144A(4)
10.973%
10/25/41
N/R
943,181
850
Connecticut
Avenue
Securities
Trust
2022-R01,
(SOFR30A
reference
rate
+
6.000%
spread),
2022
R01,
144A(4)
10.973%
12/25/41
N/R
795,288
1,000
Connecticut
Avenue
Securities
Trust
2022-R05,
(SOFR30A
reference
rate
+
4.500%
spread),
2022
R05,
144A(4)
6.014%
4/25/42
Ba2
996,418
500
Connecticut
Avenue
Securities
Trust
2022-R09,
(SOFR30A
reference
rate
+
4.750%
spread),
2022
R09,
144A(4)
9.731%
9/25/42
Baa3
519,457
500
Elmwood
CLO
16
Ltd,
(TSFR3M
reference
rate
+
7.220%
spread),
2022
3A,
144A(4)
12.268%
4/20/34
BB-
485,271
436
FARM
21-1
Mortgage
Trust,
2021
1,
144A
3.238%
7/25/51
N/R
297,576
1,000
Freddie
Mac
STACR
REMIC
Trust
2021-DNA6,
(SOFR30A
reference
rate
+
7.500%
spread),
2021
DNA6,
144A(4)
12.473%
10/25/41
N/R
948,043
1,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA1,
(SOFR30A
reference
rate
+
7.100%
spread),
2022
DNA1,
144A(4)
12.073%
1/25/42
N/R
910,233
650
Freddie
Mac
STACR
REMIC
Trust
2022-DNA2,
(SOFR30A
reference
rate
+
4.750%
spread),
2022
DNA2,
144A(4)
9.723%
2/25/42
B+
632,583
500
GoldentTree
Loan
Management
US
CLO
1
Ltd,
(3-Month
LIBOR
reference
rate
+
7.500%
spread),
2021
11A,
144A(4)
8.563%
10/20/34
B-
388,799
800
JPMBB
Commercial
Mortgage
Securities
Trust
2014-
C22,
2014
C22
4.547%
9/15/47
BBB
649,433
1,284
Mosaic
Solar
Loan
Trust
2019-2,
2019
2A,
144A
0.000%
9/20/40
N/R
516,877
1,455
Mosaic
Solar
Loan
Trust
2020-1,
2020
1A,
144A
0.000%
4/20/46
N/R
1,020,224
436
Oportun
Funding
XIV
LLC,
2021
A,
144A
5.400%
3/08/28
N/R
414,914
1,000
Palmer
Square
CLO
2023-1
Ltd,
(TSFR3M
reference
rate
+
5.300%
spread),
2023
1A,
144A(4)
10.027%
1/20/36
BBB-
1,010,479
250
Purchasing
Power
Funding
2021-A
LLC,
2021
A,
144A
4.370%
10/15/25
N/R
233,859
750
Thayer
Park
CLO
Ltd,
(3-Month
LIBOR
reference
rate
+
8.870%
spread),
2017
1A,
144A(4)
1.000%
4/20/34
B-
611,252
7
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X17,424,729.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
1,000
VNDO
Trust
2016-350P,
2016
350P,
144A
3.903%
1/10/35
B
$
795,677
927
VR
Funding
LLC,
2020
1A,
144A
6.420%
11/15/50
N/R
849,761
Total
Asset-Backed
and
Mortgage-Backed
Securities
(cost
$19,775,746)
17,424,729
Principal
Amount
(000)
Description
(1)
Coupon
(7)
Reference
Rate
(7)
Spread
(7)
Maturity
(8)
Ratings
(2)
Value
X
7,653,610
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
9.9%
(7)
X
7,653,610
Beverages
-
0.3%
$
492
City
Brewing
Company,
LLC,
Term
Loan
8.760%
3-Month
LIBOR
3.500%
4/05/28
CCC
$
243,787
Total
Beverages
243,787
Chemicals
-
0.5%
280
Herens
US
Holdco
Corp,
Term
Loan
,
(WI/DD)
TBD
TBD
TBD
TBD
B2
242,235
176
Lonza
Group
AG,
Term
Loan
B,
First
Lien
9.159%
3-Month
LIBOR
4.000%
7/03/28
N/R
152,369
Total
Chemicals
394,604
Commercial
Services
&
Supplies
-
0.9%
216
Gopher
Resource,
LLC,
Term
Loan,
First
Lien
8.404%
1-Month
LIBOR
3.250%
1/28/25
CCC+
172,411
496
Prime
Security
Services
Borrower,
LLC,
Term
Loan
7.844%
1-Month
LIBOR
2.750%
9/23/26
BB
493,722
Total
Commercial
Services
&
Supplies
666,133
Communications
Equipment
-
0.6%
497
EOS
Finco
Sarl,
Term
Loan
10.909%
TSFR3M
6.000%
8/03/29
B
493,976
Total
Communications
Equipment
493,976
Construction
&
Engineering
-
0.6%
492
Aegion
Corporation,
Term
Loan
9.904%
1-Month
LIBOR
4.750%
5/17/28
B2
484,496
Total
Construction
&
Engineering
484,496
Diversified
Consumer
Services
-
0.1%
195
TMK
Hawk
Parent
Corp.,
Term
Loan
B
8.462%
3-Month
LIBOR
3.500%
8/30/24
CC
111,394
Total
Diversified
Consumer
Services
111,394
Entertainment
-
0.0%
36
Diamond
Sports
Group,
LLC,
Term
Loan
13.064%
SOFR90A
8.150%
5/19/26
N/R
27,631
Total
Entertainment
27,631
Health
Care
Equipment
&
Supplies
-
1.3%
496
Bausch
&
Lomb,
Inc.,
Term
Loan
8.457%
SOFR90A
3.250%
5/05/27
BB-
480,819
500
Medline
Borrower,
LP,
Term
Loan
B
8.404%
1-Month
LIBOR
3.250%
10/21/28
BB-
484,769
Total
Health
Care
Equipment
&
Supplies
965,588
Nuveen
Credit
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
8
Principal
Amount
(000)
Description
(1)
Coupon
(7)
Reference
Rate
(7)
Spread
(7)
Maturity
(8)
Ratings
(2)
Value
Health
Care
Providers
&
Services
-
0.6%
$
1
Da
Vinci
Purchaser
Corp.,
Term
Loan
9.476%
3-Month
LIBOR
4.000%
11/26/26
B
$
843
2
Onex
TSG
Intermediate
Corp.,
Term
Loan
B
10.057%
3-Month
LIBOR
4.750%
2/26/28
B
2,209
496
Parexel
International
Corporation,
Term
Loan,
First
Lien
8.404%
1-Month
LIBOR
3.250%
11/15/28
B1
480,706
2
US
Radiology
Specialists,
Inc.,
Term
Loan
10.503%
SOFR30A
5.250%
12/15/27
B-
1,737
Total
Health
Care
Providers
&
Services
485,495
Hotels,
Restaurants
&
Leisure
-
1.1%
186
Caesars
Resort
Collection,
LLC,
Term
Loan
B,
First
Lien,
Term
Loan
,
(WI/DD)
TBD
TBD
TBD
TBD
BB
184,882
484
ClubCorp
Holdings,
Inc.,
Term
Loan
B
7.904%
1-Month
LIBOR
2.750%
9/18/24
B-
456,076
241
Life
Time
Fitness
Inc
,
Term
Loan
B
9.800%
TSFR3M
4.500%
1/15/26
BB-
240,174
Total
Hotels,
Restaurants
&
Leisure
881,132
Insurance
-
0.3%
250
Asurion
LLC,
Term
Loan
B3,
Second
Lien
10.404%
1-Month
LIBOR
5.250%
2/03/28
B
206,564
Total
Insurance
206,564
Pharmaceuticals
-
0.8%
592
Jazz
Financing
Lux
S.a.r.l.,
Term
Loan
8.654%
1-Month
LIBOR
3.500%
5/05/28
BB+
591,220
Total
Pharmaceuticals
591,220
Real
Estate
Management
&
Development
-
0.6%
264
Cushman
&
Wakefield
U.S.
Borrower,
LLC,
Term
Loan
8.503%
SOFR30A
3.250%
1/31/30
BB
246,963
209
Cushman
&
Wakefield
U.S.
Borrower,
LLC,
Term
Loan
B
7.904%
1-Month
LIBOR
2.750%
8/21/25
BB
203,634
Total
Real
Estate
Management
&
Development
450,597
Software
-
1.0%
493
Ceridian
HCM
Holding
Inc.,
Term
Loan
B
7.763%
1
+
3
Month
LIBOR
2.500%
4/30/25
Ba3
491,442
249
Open
Text
Corporation,
Term
Loan
B
8.753%
SOFR30A
3.500%
8/25/29
BBB-
249,167
Total
Software
740,609
Specialty
Retail
-
0.7%
105
Belron
Finance
US
LLC,
Term
Loan
7.832%
SOFR90A
2.750%
4/06/29
BBB-
104,738
418
PetSmart,
Inc.,
Term
Loan
B
9.003%
SOFR30A
3.750%
2/12/28
BB
412,552
Total
Specialty
Retail
517,290
Transportation
Infrastructure
-
0.5%
398
Brown
Group
Holding,
LLC,
Term
Loan
B2
8.940%
TSFR1M
+
TSFR3M
3.750%
6/09/29
B+
393,094
Total
Transportation
Infrastructure
393,094
Total
Variable
Rate
Senior
Loan
Interests
(cost
$8,070,198)
7,653,610
9
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
2,695,482
$1,000
PAR
(OR
SIMILAR)
INSTITUTIONAL
PREFERRED
-
3.5%
X
2,695,482
Automobiles
-
0.3%
$
225
General
Motors
Financial
Co
Inc
5.700%
N/A
(9)
BB+
$
196,868
Total
Automobiles
196,868
Banks
-
0.8%
300
Banco
Nacional
de
Comercio
Exterior
SNC/Cayman
Islands,
144A
2.720%
8/11/31
Ba1
254,328
150
Fifth
Third
Bancorp
4.500%
N/A
(9)
Baa3
129,326
150
Huntington
Bancshares
Inc/OH
5.625%
N/A
(9)
Baa3
132,375
70
PNC
Financial
Services
Group
Inc/The
(3)
6.200%
N/A
(9)
Baa2
64,706
80
PNC
Financial
Services
Group
Inc/The
5.000%
N/A
(9)
Baa2
68,278
Total
Banks
649,013
Consumer
Finance
-
0.6%
500
Ally
Financial
Inc
6.700%
2/14/33
Baa3
439,621
Total
Consumer
Finance
439,621
Electric
Utilities
-
0.3%
250
NRG
Energy
Inc,
144A
10.250%
N/A
(9)
Ba3
236,875
Total
Electric
Utilities
236,875
Independent
Power
Producers
&
Energy
Traders
-
0.3%
275
Vistra
Corp,
144A
7.000%
N/A
(9)
Ba3
241,890
Total
Independent
Power
Producers
&
Energy
Traders
241,890
Insurance
-
0.3%
310
Enstar
Finance
LLC
5.750%
9/01/40
BBB-
257,012
Total
Insurance
257,012
Media
-
0.3%
280
Paramount
Global
6.375%
3/30/62
Baa3
224,347
Total
Media
224,347
Oil,
Gas
&
Consumable
Fuels
-
0.3%
235
Energy
Transfer
LP
6.500%
N/A
(9)
BB
205,625
Total
Oil,
Gas
&
Consumable
Fuels
205,625
Trading
Companies
&
Distributors
-
0.3%
250
AerCap
Global
Aviation
Trust,
144A
6.500%
6/15/45
Baa3
244,231
Total
Trading
Companies
&
Distributors
244,231
Total
$1,000
Par
(or
similar)
Institutional
Preferred
(cost
$2,851,239)
2,695,482
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
2,387,217
SOVEREIGN
DEBT
-
3.1%
X
2,387,217
Angola
-
0.4%
$
400
Angolan
Government
International
Bond
,
144A
8.750%
4/14/32
B-
$
335,396
Total
Angola
335,396
Colombia
-
0.2%
200
Colombia
Government
International
Bond
7.500%
2/02/34
Baa2
191,619
Total
Colombia
191,619
Costa
Rica
-
0.3%
200
Costa
Rica
Government
International
Bond
,
144A
6.550%
4/03/34
BB-
201,950
Total
Costa
Rica
201,950
Nuveen
Credit
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
10
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Ecuador
-
0.2%
$
400
Ecuador
Government
International
Bond
,
Reg
S
2.500%
7/31/35
N/R
$
136,508
Total
Ecuador
136,508
Hungary
-
0.3%
200
Magyar
Export-Import
Bank
Zrt
,
144A
6.125%
12/04/27
BBB
198,464
Total
Hungary
198,464
Jordan
-
0.4%
300
Jordan
Government
International
Bond
,
144A
7.750%
1/15/28
BB-
300,960
Total
Jordan
300,960
Morocco
-
0.3%
210
Morocco
Government
International
Bond
,
144A
6.500%
9/08/33
BB+
213,833
Total
Morocco
213,833
Namibia
-
0.3%
200
Namibia
International
Bonds
,
144A
5.250%
10/29/25
B1
189,500
Total
Namibia
189,500
Oman
-
0.2%
200
Oman
Government
International
Bond
,
144A
6.500%
3/08/47
BB
182,309
Total
Oman
182,309
Republic
of
Serbia
-
0.2%
200
Serbia
International
Bond
,
144A
6.250%
5/26/28
BB+
198,094
Total
Republic
of
Serbia
198,094
Senegal
-
0.3%
300
Senegal
Government
International
Bond
,
144A
6.250%
5/23/33
Ba3
238,584
Total
Senegal
238,584
Total
Sovereign
Debt
(cost
$2,549,375)
2,387,217
Principal
Amount
(000)
Description
(1),(10)
Coupon
Maturity
Ratings
(2)
Value
X
918,181
CONTINGENT
CAPITAL
SECURITIES
-
1.2%
X
918,181
Banks
-
0.8%
$
200
Banco
Bilbao
Vizcaya
Argentaria
SA
6.500%
N/A
(9)
Ba2
$
185,134
300
ING
Groep
NV
6.500%
N/A
(9)
BBB
277,920
200
Societe
Generale
SA,
144A
8.000%
N/A
(9)
BB
187,000
Total
Banks
650,054
Capital
Markets
-
0.4%
350
Deutsche
Bank
AG
6.000%
N/A
(9)
Ba2
268,127
Total
Capital
Markets
268,127
Total
Contingent
Capital
Securities
(cost
$985,024)
918,181
Shares  
Description
(1)
Coupon
Ratings
(2)
Value
X
192,726
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
-
0.3%
X
192,726
Oil,
Gas
&
Consumable
Fuels
-
0.3%
7,660
NuStar
Energy
LP
12.262%
B2
$
192,726
Total
Oil,
Gas
&
Consumable
Fuels
192,726
Total
$25
Par
(or
similar)
Retail
Preferred
(cost
$153,388)
192,726
11
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:
Shares
Description
(1)
Value
X
313
COMMON
STOCKS
-
0.0%
X
313
Road
&
Rail
-
0.0%
8,907
Jack
Cooper
Enterprises
Inc
(6),(11)
$
89
Total
Road
&
Rail
89
Semiconductors
&
Semiconductor
Equipment
-
0.0%
130
Bright
Bidco
BV
(6),(11)
224
Total
Semiconductors
&
Semiconductor
Equipment
224
Total
Common
Stocks
(cost
$–)
313
Total
Long-Term
Investments
(cost
$84,820,600)
78,152,453
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
  4.2%
3,266,418
MONEY
MARKET
FUNDS
-
4.2%
X
3,266,418
3,266,418
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(12)
5.110%(13)
$
3,266,418
Total
Money
Market
Funds
(cost
$3,266,418)
$
3,266,418
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$3,266,418)
3,266,418
Total
Investments
(cost
$88,087,018
)
-
105.6%
81,418,871
Other
Assets
&
Liabilities,
Net
-  (5.6)%
(4,288,818)
Net
Assets
-
100%
$
77,130,053
Nuveen
Credit
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
12
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
–
$
46,880,195
$
–
$
46,880,195
Asset-Backed
and
Mortgage-Backed
Securities
–
17,424,729
–
17,424,729
Variable
Rate
Senior
Loan
Interests
–
7,653,610
–
7,653,610
$1,000
Par
(or
similar)
Institutional
Preferred
–
2,695,482
–
2,695,482
Sovereign
Debt
–
2,387,217
–
2,387,217
Contingent
Capital
Securities
–
918,181
–
918,181
$25
Par
(or
similar)
Retail
Preferred
192,726
–
–
192,726
Common
Stocks
–
–
313
313
Investments
Purchased
with
Collateral
from
Securities
Lending
3,266,418
–
–
3,266,418
Total
$
3,459,144
$
77,959,414
$
313
$
81,418,871
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
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.
(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
$3,123,287.
(4)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(5)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(6)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(7)
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.
(8)
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.
(9)
Perpetual
security.
Maturity
date
is
not
applicable.
(10)
Contingent
Capital
Securities
(“CoCos”)
are
hybrid
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer.
For
example,
the
terms
may
specify
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
(11)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(12)
The
Fund
may
loan
securities
representing
up
to
one
third
of
the
market
value
of
its
total
assets
(which
includes
collateral
for
securities
on
loan)
to
broker
dealers,
banks,
and
other
institutions.
The
collateral
maintained
by
the
Fund
shall
have
a
market
value,
at
the
inception
of
each
loan,
equal
to
not
less
than
100%
of
the
market
value
of
the
loaned
securities.
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.
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.
LIBOR
London
Inter-Bank
Offered
Rate
PIK
Payment-in-kind
(“PIK”)
security.  Depending
on
the
terms
of
the
security,
income
may
be
received
in
the
form
of
cash,
securities,
or
a
combination
of
both.  The
PIK
rate
shown,
where
applicable,
represents
the
annualized
rate
of
the
last
PIK
payment
made
by
the
issuer
as
of
the
end
of
the
reporting
period.
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
SOFR
30A
30
Day
Average
Secured
Overnight
Financing
Rate
SOFR
90A
90
Day
Average
Secured
Overnight
Financing
Rate
TBD
Senior
loan
purchased
on
a
when-issued
or
delayed-delivery
basis.
Certain
details
associated
with
this
purchase
are
not
known
prior
to
the
settlement
date
of
the
transaction.
In
addition,
senior
loans
typically
trade
without
accrued
interest
and
therefore
a
coupon
rate
is
not
available
prior
to
settlement.
At
settlement,
if
still
unknown,
the
borrower
or
counterparty
will
provide
the
Fund
with
the
final
coupon
rate
and
maturity
date.
13
TSFR
1M
CME
Term
SOFR
1
Month
TSFR
3M
CME
Term
SOFR
3
Month
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.
14
Nuveen
Strategic
Income
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
96.4%   
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
-
46.8%
X
308,877,990
$
1,269
Aaset
2021-2
Trust,
2021
2A,
144A
2.798%
1/15/47
A1
$
1,086,039
600
ACRE
Commercial
Mortgage
2021-FL4
Ltd,
(1-Month
LIBOR
reference
rate
+
2.600%
spread),
2021
FL4,
144A(3)
7.711%
12/18/37
N/R
574,052
1,500
Adams
Outdoor
Advertising
LP,
2018
1,
144A
7.356%
11/15/48
BB
1,353,280
1,525
Adams
Outdoor
Advertising
LP,
2018
1,
144A
4.810%
11/15/48
A
1,448,159
750
Affirm
Asset
Securitization
Trust
2021-B,
2021
B,
144A
2.540%
8/17/26
N/R
677,547
1,400
AGL
CLO
19
Ltd,
(TSFR3M
reference
rate
+
2.750%
spread),
2022
19A,
144A(3)
7.806%
7/21/35
AA
1,403,965
2,500
Alen
2021-ACEN
Mortgage
Trust,
(1-Month
LIBOR
reference
rate
+
4.000%
spread),
2021
ACEN,
144A(3)
9.107%
4/15/34
BB-
1,615,818
636
Ameriquest
Mortgage
Securities
Inc
Asset
Back
Ser
2004-R1,
(1-Month
LIBOR
reference
rate
+
0.600%
spread),
2004
R1(3)
2.788%
2/25/34
A
586,081
1,000
AMSR
2019-SFR1
Trust,
2019
SFR1,
144A
3.247%
1/19/39
A1
909,218
1,482
AMSR
2020-SFR1
Trust,
2020
SFR1,
144A
2.419%
4/17/37
Aa2
1,375,644
1,000
Angel
Oak
Mortgage
Trust
2019-5,
2019
5,
144A
3.957%
10/25/49
BB+
856,213
1,900
Angel
Oak
Mortgage
Trust
2020-1,
2020
1,
144A
3.161%
12/25/59
A-
1,653,228
420
Arroyo
Mortgage
Trust
2019-3,
2019
3,
144A
3.416%
10/25/48
AA-
386,783
1,300
Ashford
Hospitality
Trust
2018-KEYS,
(1-Month
LIBOR
reference
rate
+
1.850%
spread),
2018
KEYS,
144A(3)
6.958%
6/15/35
A3
1,239,821
850
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
2021
1A,
144A
2.130%
8/20/27
BBB
739,756
2,000
BAMLL
Commercial
Mortgage
Securities
Trust
2022-
DKLX,
(TSFR1M
reference
rate
+
3.000%
spread),
2022
DKLX,
144A(3)
8.060%
1/15/39
Baa3
1,917,257
1,115
BANK
2017-BNK5,
2017
BNK5
4.190%
6/15/60
A-
952,675
700
BANK
2017-BNK8,
2017
BNK8
4.095%
11/15/50
A-
559,229
2,700
BANK
2019-BNK18,
2019
BN18
4.214%
5/15/62
A-
2,092,102
2,500
BANK
2019-BNK21,
2019
BN21,
144A
2.500%
10/17/52
BBB
1,428,395
1,700
Benchmark
2018-B2
Mortgage
Trust,
2018
B2
4.293%
2/15/51
A-
1,396,001
1,000
Benchmark
2019-B14
Mortgage
Trust,
2019
B14,
144A
2.500%
12/15/62
BBB
573,771
1,500
Benchmark
2020-B18
Mortgage
Trust,
2020
B18,
144A
4.139%
7/15/53
B-
1,292,047
1,000
Benchmark
2020-IG2
Mortgage
Trust,
2020
IG2,
144A
2.791%
9/15/48
Aaa
813,308
1,000
Benchmark
2020-IG3
Mortgage
Trust,
2020
IG3,
144A
3.536%
9/15/48
N/R
865,487
296
Bojangles
Issuer
LLC,
2020
1A,
144A
3.832%
10/20/50
N/R
269,656
2,625
Boyce
Park
Clo
Ltd,
(TSFR3M
reference
rate
+
3.100%
spread),
2022
1A,
144A(3)
8.156%
4/21/35
BBB-
2,325,199
1,275
BX
Commercial
Mortgage
Trust
2019-XL,
(1-Month
LIBOR
reference
rate
+
2.114%
spread),
2019
XL,
144A(3)
2.110%
10/15/36
N/R
1,242,800
1,622
BX
Commercial
Mortgage
Trust
2021-XL2,
(1-Month
LIBOR
reference
rate
+
1.846%
spread),
2021
XL2,
144A(3)
6.953%
10/15/38
N/R
1,542,153
1,095
BXP
Trust
2017-CC,
2017
CC,
144A
3.552%
8/13/37
BBB-
794,096
1,500
BXP
Trust
2021-601L,
2021
601L,
144A
2.775%
1/15/44
Baa3
920,654
494
Cars
Net
Lease
Mortgage
Notes
Series
2020-1,
2020
1A,
144A
3.100%
12/15/50
A
424,203
1,250
Cars
Net
Lease
Mortgage
Notes
Series
2020-1,
2020
1A,
144A
4.690%
12/15/50
BBB
1,080,690
1,150
CARS-DB4
LP,
2020
1A,
144A
4.520%
2/15/50
BBB
1,021,678
633
CARS-DB5
LP,
2021
1A,
144A
1.920%
8/15/51
A+
547,440
1,775
Carvana
Auto
Receivables
Trust
2021-N4,
2021
N4
2.300%
9/11/28
A-
1,651,236
705
CD
2016-CD1
Mortgage
Trust,
2016
CD1
3.631%
8/10/49
A-
555,165
1,440
CD
2017-CD3
Mortgage
Trust,
2017
CD3
3.984%
2/10/50
A
1,189,987
49
CF
2020-P1
Mortgage
Trust,
2020
P1,
144A
2.840%
4/15/25
N/R
46,850
750
CF
2020-P1
Mortgage
Trust,
2020
P1,
144A
3.603%
4/15/52
N/R
686,967
15
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
675
CF
Hippolyta
Issuer
LLC,
2020
1,
144A
2.600%
7/15/60
A-
$
565,742
1,349
CF
Hippolyta
Issuer
LLC,
2020
1,
144A
2.280%
7/15/60
A-
1,211,476
1,000
CIFC
Funding
2018-II
Ltd,
(3-Month
LIBOR
reference
rate
+
2.850%
spread),
2018
2A,
144A(3)
5.560%
4/20/31
Baa3
942,221
2,125
CIFC
Funding
2020-I
Ltd,
(3-Month
LIBOR
reference
rate
+
3.100%
spread),
2020
1A,
144A(3)
8.360%
7/15/36
BBB-
1,979,975
2,000
CIFC
Funding
2020-I
Ltd,
(3-Month
LIBOR
reference
rate
+
2.000%
spread),
2020
1A,
144A(3)
7.260%
7/15/36
A
1,916,734
500
CIFC
Funding
2020-I
Ltd,
(3-Month
LIBOR
reference
rate
+
6.250%
spread),
2020
1A,
144A(3)
11.510%
7/15/36
Ba3
457,968
1,760
CIFC
Funding
2020-II
Ltd,
(3-Month
LIBOR
reference
rate
+
3.050%
spread),
2020
2A,
144A(3)
8.300%
10/20/34
BBB-
1,630,068
385
CIFC
Funding
2020-II
Ltd,
(3-Month
LIBOR
reference
rate
+
6.500%
spread),
2020
2A,
144A(3)
11.750%
10/20/34
BB-
355,652
1,305
CIFC
Funding
2020-II
Ltd,
(3-Month
LIBOR
reference
rate
+
2.050%
spread),
2020
2A,
144A(3)
7.300%
10/20/34
A
1,243,848
2,500
CIFC
Funding
2022-IV
Ltd,
(SOFR
reference
rate
+
3.550%
spread),
2022
4A,
144A(3)
8.536%
7/16/35
BBB-
2,322,680
1,000
Citigroup
Commercial
Mortgage
Trust
2014-GC23,
2014
GC23,
144A
4.480%
7/10/47
BBB-
850,163
1,690
Citigroup
Commercial
Mortgage
Trust
2015-GC29,
2015
GC29
4.139%
4/10/48
A-
1,533,481
2,750
Citigroup
Commercial
Mortgage
Trust
2015-GC29,
2015
GC29
3.758%
4/10/48
AA-
2,556,271
850
Citigroup
Commercial
Mortgage
Trust
2021-PRM2,
(1-Month
LIBOR
reference
rate
+
1.900%
spread),
2021
PRM2,
144A(3)
7.008%
10/15/38
BBB-
808,310
1,770
Cologix
Data
Centers
US
Issuer
LLC,
2021
1A,
144A
3.300%
12/26/51
N/R
1,587,058
2,000
COMM
2013-CCRE10
Mortgage
Trust,
2013
CR10,
144A
4.820%
8/10/46
Baa3
1,819,056
1,500
COMM
2014-CCRE17
Mortgage
Trust,
2014
CR17
4.377%
5/10/47
AA-
1,380,069
1,400
COMM
2014-LC17
Mortgage
Trust,
2014
LC17
4.543%
10/10/47
A
1,307,847
3,150
Comm
2014-UBS2
Mortgage
Trust,
2014
UBS2
4.947%
3/10/47
Baa1
2,954,148
2,000
COMM
2014-UBS3
Mortgage
Trust,
2014
UBS3
4.734%
6/10/47
A3
1,855,043
2,000
COMM
2014-UBS3
Mortgage
Trust,
2014
UBS3,
144A
4.767%
6/10/47
N/R
1,374,774
2,000
COMM
2015-CCRE22
Mortgage
Trust,
2015
CR22,
144A
3.000%
3/10/48
BB-
1,450,393
1,840
COMM
2015-CCRE22
Mortgage
Trust,
2015
CR22
4.069%
3/10/48
A-
1,649,674
2,628
COMM
2015-CCRE23
Mortgage
Trust,
2015
CR23
4.300%
5/10/48
N/R
2,033,412
1,500
COMM
2015-CCRE24
Mortgage
Trust,
2015
CR24
3.463%
8/10/48
BBB-
1,194,416
500
COMM
2015-CCRE24
Mortgage
Trust,
2015
CR24
4.345%
8/10/48
A-
431,830
1,000
COMM
2015-CCRE24
Mortgage
Trust,
2015
CR24
4.345%
8/10/48
AA-
893,134
550
COMM
2015-CCRE25
Mortgage
Trust,
2015
CR25
3.768%
8/10/48
BB
418,173
3,000
COMM
2015-CCRE26
Mortgage
Trust,
2015
CR26
4.466%
10/10/48
A
2,699,277
900
COMM
2015-LC23
Mortgage
Trust,
2015
LC23
4.564%
10/10/48
A-
810,700
1,000
COMM
2019-GC44
Mortgage
Trust,
2019
GC44
3.523%
8/15/57
A-
747,583
1,500
Commercial
Mortgage
Pass
Through
Certificates,
2022
HC,
144A
4.084%
1/10/39
Baa3
1,143,539
47
Connecticut
Avenue
Securities
Trust
2018-R07,
2018
R07,
144A
7.420%
4/25/31
AA-
47,431
625
Connecticut
Avenue
Securities
Trust
2021-R03,
(SOFR30A
reference
rate
+
5.500%
spread),
2021
R03,
144A(3)
10.473%
12/25/41
N/R
579,040
850
Connecticut
Avenue
Securities
Trust
2022-R01,
(SOFR30A
reference
rate
+
6.000%
spread),
2022
R01,
144A(3)
10.973%
12/25/41
N/R
795,288
4,000
Connecticut
Avenue
Securities
Trust
2022-R02,
(SOFR30A
reference
rate
+
4.500%
spread),
2022
R02,
144A(3)
9.473%
1/25/42
B+
3,889,331
4,000
Connecticut
Avenue
Securities
Trust
2022-R03,
(SOFR30A
reference
rate
+
3.500%
spread),
2022
R03,
144A(3)
8.473%
3/25/42
BBB-
4,089,360
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
16
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
3,250
Connecticut
Avenue
Securities
Trust
2022-R03,
(SOFR30A
reference
rate
+
6.250%
spread),
2022
R03,
144A(3)
6.349%
3/25/42
BB-
$
3,473,995
1,880
Connecticut
Avenue
Securities
Trust
2022-R04,
(SOFR30A
reference
rate
+
3.100%
spread),
2022
R04,
144A(3)
8.073%
3/25/42
BBB-
1,900,998
4,000
Connecticut
Avenue
Securities
Trust
2022-R04,
(SOFR30A
reference
rate
+
5.250%
spread),
2022
R04,
144A(3)
10.223%
3/25/42
BB-
4,087,782
3,000
Connecticut
Avenue
Securities
Trust
2022-R05,
(SOFR30A
reference
rate
+
4.500%
spread),
2022
R05,
144A(3)
6.014%
4/25/42
Ba2
2,989,254
4,000
Connecticut
Avenue
Securities
Trust
2022-R05,
(SOFR30A
reference
rate
+
7.000%
spread),
2022
R05,
144A(3)
11.973%
4/25/42
B3
4,034,803
4,000
Connecticut
Avenue
Securities
Trust
2022-R06,
(SOFR30A
reference
rate
+
3.850%
spread),
2022
R06,
144A(3)
8.823%
5/25/42
BBB-
4,095,452
4,000
Connecticut
Avenue
Securities
Trust
2022-R07,
(SOFR30A
reference
rate
+
4.650%
spread),
2022
R07,
144A(3)
9.631%
6/25/42
Aaa
4,215,890
4,000
Connecticut
Avenue
Securities
Trust
2022-R08,
(SOFR30A
reference
rate
+
5.600%
spread),
2022
R08,
144A(3)
9.528%
7/25/42
BB-
4,164,602
4,000
Connecticut
Avenue
Securities
Trust
2022-R09,
(SOFR30A
reference
rate
+
4.750%
spread),
2022
R09,
144A(3)
9.731%
9/25/42
Baa3
4,155,658
3,125
Connecticut
Avenue
Securities
Trust
2023-R01,
(SOFR30A
reference
rate
+
3.750%
spread),
2023
R01,
144A(3)
8.731%
12/25/42
BBB-
3,196,172
3,000
Crescendo
Royalty
Funding
LP,
2021
1,
144A
3.567%
12/20/51
N/R
2,723,999
1,000
CSMC
2021-NQM1,
2021
NQM1,
144A
2.130%
5/25/65
BBB
659,633
1,700
CyrusOne
Data
Centers
Issuer
I,
2023
1A,
144A
5.450%
4/20/48
BBB-
1,480,377
1,182
DB
Master
Finance
LLC,
2021
1A,
144A
2.493%
11/20/51
BBB
1,009,745
1,182
DB
Master
Finance
LLC,
2021
1A,
144A
2.045%
11/20/51
BBB
1,038,732
636
DB
Master
Finance
LLC,
2019
1A,
144A
4.021%
5/20/49
BBB
599,156
174
Diamond
Resorts
Owner
Trust
2021-1,
2021
1A,
144A
3.830%
11/21/33
BB
157,196
174
Diamond
Resorts
Owner
Trust
2021-1,
2021
1A,
144A
2.700%
11/21/33
BBB
158,354
30,450
DOLP
Trust
2021-NYC,
2021
NYC,
(I/O),
144A
0.665%
5/10/41
A-
1,183,273
980
Domino's
Pizza
Master
Issuer
LLC,
2021
1A,
144A
2.662%
4/25/51
BBB+
843,656
1,610
DRIVEN
BRANDS
FUNDING
LLC,
2020
1A,
144A
3.786%
7/20/50
BBB-
1,432,952
1,466
DRIVEN
BRANDS
FUNDING
LLC,
2020
2A,
144A
3.237%
1/20/51
BBB-
1,264,739
2,844
EWC
Master
Issuer
LLC,
2022
1A,
144A
5.500%
3/15/52
N/R
2,648,780
2,576
Fannie
Mae
Connecticut
Avenue
Securities,
2017
C06
1.800%
2/25/30
AA+
34,391
4,770
Fannie
Mae
Pool,
FN
MA4785
5.000%
10/01/52
N/R
4,698,629
2,904
Fannie
Mae
Pool,
FN
MA4805,
2022
1
4.500%
11/01/52
N/R
2,812,999
1,942
Fannie
Mae
Pool,
FN
MA4919
5.500%
2/01/53
N/R
1,940,691
16
Fannie
Mae
Pool
FN
256890,
FN
256890
6.000%
9/01/37
N/R
16,440
21
Fannie
Mae
Pool
FN
745101,
FN
745101
6.000%
4/01/32
N/R
21,334
62
Fannie
Mae
Pool
FN
745324,
FN
745324
6.000%
3/01/34
N/R
61,914
1
Fannie
Mae
Pool
FN
905597,
FN
905597,
(12-Month
LIBOR
reference
rate
+
1.875%
spread)(3)
4.125%
12/01/36
N/R
709
11
Fannie
Mae
Pool
FN
946228,
FN
946228,
(12-Month
LIBOR
reference
rate
+
1.587%
spread)(3)
3.837%
9/01/37
N/R
10,826
0(4)
Fannie
Mae
Pool
FN
AL1187,
FN
AL1187
5.500%
7/01/24
N/R
2
21
Fannie
Mae
Pool
FN
FM1108,
FN
FM1108,
2019
1108
5.000%
11/01/44
N/R
20,935
136
Fannie
Mae
Pool
FN
FM1136,
FN
FM1136,
2019
1136
5.500%
3/01/39
N/R
139,909
25
Fannie
Mae
Pool
FN
FM1137,
FN
FM1137,
2019
1137
6.000%
9/01/39
N/R
25,562
179
Fannie
Mae
REMICS,
(1-Month
LIBOR
reference
rate
+
5.950%
spread),
2013
98,
(I/O)(3)
0.812%
9/25/43
N/R
19,483
87
Flagstar
Mortgage
Trust
2017-2,
2017
2,
144A
4.013%
10/25/47
Aa2
77,475
1,303
Flagstar
Mortgage
Trust
2021-10INV,
2021
10INV,
144A
3.000%
10/25/51
Aa1
1,062,185
17
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
2,624
Flagstar
Mortgage
Trust
2021-4,
2021
4,
144A
2.500%
6/01/51
AAA
$
2,053,093
11,521
Freddie
Mac
Multifamily
ML
Certificates,
2021
ML12,
(I/O)
1.223%
7/25/41
AA+
1,159,918
943
Freddie
Mac
STACR
REMIC
Trust
2021-DNA5,
(SOFR30A
reference
rate
+
1.650%
spread),
2021
DNA5,
144A(3)
6.623%
1/25/34
BBB
935,426
2,000
Freddie
Mac
STACR
REMIC
Trust
2021-DNA6,
(SOFR30A
reference
rate
+
7.500%
spread),
2021
DNA6,
144A(3)
12.473%
10/25/41
N/R
1,896,085
2,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA1,
(SOFR30A
reference
rate
+
3.400%
spread),
2022
DNA1,
144A(3)
8.373%
1/25/42
B+
1,886,251
2,550
Freddie
Mac
STACR
REMIC
Trust
2022-DNA1,
(SOFR30A
reference
rate
+
2.500%
spread),
2022
DNA1,
144A(3)
7.473%
1/25/42
BB
2,429,801
1,355
Freddie
Mac
STACR
REMIC
Trust
2022-DNA2,
(SOFR30A
reference
rate
+
4.750%
spread),
2022
DNA2,
144A(3)
9.723%
2/25/42
B+
1,318,693
4,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA2,
(SOFR30A
reference
rate
+
3.750%
spread),
2022
DNA2,
144A(3)
8.723%
2/25/42
BB
3,987,270
1,239
Freddie
Mac
STACR
REMIC
Trust
2022-DNA2,
(SOFR30A
reference
rate
+
2.400%
spread),
2022
DNA2,
144A(3)
7.373%
2/25/42
BBB
1,224,460
4,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA3,
(SOFR30A
reference
rate
+
4.350%
spread),
2022
DNA3,
144A(3)
9.323%
4/25/42
BB
4,047,990
4,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA3,
(SOFR30A
reference
rate
+
2.900%
spread),
2022
DNA3,
144A(3)
7.873%
4/25/42
BBB
3,992,229
4,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA3,
(SOFR30A
reference
rate
+
5.650%
spread),
2022
DNA3,
144A(3)
8.647%
4/25/42
B+
3,978,135
4,000
Freddie
Mac
STACR
REMIC
Trust
2022-DNA6,
(SOFR30A
reference
rate
+
3.700%
spread),
2022
DNA6,
144A(3)
8.673%
9/25/42
BBB-
4,131,984
2,900
Freddie
Mac
STACR
REMIC
Trust
2022-HQA1,
(SOFR30A
reference
rate
+
7.000%
spread),
2022
HQA1,
144A(3)
9.997%
3/25/42
B-
2,937,252
920
Freddie
Mac
STACR
REMIC
Trust
2022-HQA1,
(SOFR30A
reference
rate
+
3.500%
spread),
2022
HQA1,
144A(3)
8.473%
3/25/42
BBB-
931,352
137
Freddie
Mac
Strips,
(1-Month
LIBOR
reference
rate
+
5.920%
spread),
2014
327,
(I/O)(3)
0.813%
3/15/44
N/R
12,673
845
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes,
(SOFR30A
reference
rate
+
3.650%
spread),
2021
DNA7,
144A(3)
8.210%
11/25/41
B+
834,010
4,000
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes,
(SOFR30A
reference
rate
+
4.000%
spread),
2022
HQA2,
144A(3)
8.973%
7/25/42
Baa3
4,095,989
500
Goldentree
Loan
Opportunities
IX
Ltd,
(3-Month
LIBOR
reference
rate
+
5.660%
spread),
2014
9A,
144A(3)
10.959%
10/29/29
BB-
459,625
7,541
Government
National
Mortgage
Association,
(SOFR30A
reference
rate
+
6.250%
spread),
2020
133,
(I/O)(3)
1.319%
9/20/50
N/R
947,946
1,081
GS
Mortgage
Securities
Corp
Trust
2018-TWR,
(1-Month
LIBOR
reference
rate
+
1.450%
spread),
2018
TWR,
144A(3)
3.449%
7/15/31
A-
906,418
1,500
GS
Mortgage
Securities
Corp
Trust
2018-TWR,
(1-Month
LIBOR
reference
rate
+
1.850%
spread),
2018
TWR,
144A(3)
6.957%
7/15/31
B+
1,042,500
2,600
GS
Mortgage
Securities
Corp
Trust
2021-ARDN,
(1-Month
LIBOR
reference
rate
+
1.250%
spread),
2021
ARDN,
144A(3)
6.357%
11/15/36
AAA
2,525,305
2,000
GS
Mortgage
Securities
Corp
Trust
2021-ARDN,
(1-Month
LIBOR
reference
rate
+
3.350%
spread),
2021
ARDN,
144A(3)
8.457%
11/15/36
N/R
1,884,229
1,000
GS
Mortgage
Securities
Trust
2016-GS3,
2016
GS3
3.989%
10/10/49
A-
821,591
1,200
GS
Mortgage
Securities
Trust
2016-GS4,
2016
GS4
3.953%
11/10/49
A-
978,667
1,425
GS
Mortgage
Securities
Trust
2019-GC38,
2019
GC38
4.158%
2/10/52
AAA
1,291,815
1,000
GS
Mortgage
Securities
Trust
2020-GSA2,
2020
GSA2
2.012%
12/12/53
AAA
798,079
138
GS
Mortgage-Backed
Securities
Corp
Trust
2019-PJ2,
2019
PJ2,
144A
4.000%
11/25/49
Aaa
129,741
7
GS
Mortgage-Backed
Securities
Corp
Trust
2019-PJ2,
2019
PJ2,
144A
4.000%
11/25/49
Aaa
6,250
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
18
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
169
GS
Mortgage-Backed
Securities
Corp
Trust
2021-PJ5,
2021
PJ5,
144A
2.500%
10/25/51
AAA
$
132,519
2,568
GS
Mortgage-Backed
Securities
Trust
2021-PJ6,
2021
PJ6,
144A
2.500%
11/25/51
Aa1
2,009,188
1,727
GS
Mortgage-Backed
Securities
Trust
2021-PJ7,
2021
PJ7,
144A
2.500%
1/25/52
AAA
1,350,913
349
GS
Mortgage-Backed
Securities
Trust
2021-PJ8,
2021
PJ8,
144A
2.500%
1/25/52
Aaa
273,293
2,933
Hardee's
Funding
LLC,
2020
1A,
144A
3.981%
12/20/50
BBB
2,508,827
750
Hertz
Vehicle
Financing
LLC,
2021
1A,
144A
2.050%
12/26/25
Baa2
696,707
1,000
HI-FI
Music
IP
Issuer
LP,
2022
1A,
144A
3.939%
2/01/62
N/R
917,143
435
Hilton
Grand
Vacations
Trust
2019-A,
2019
AA,
144A
2.840%
7/25/33
A-
404,005
1,900
Horizon
Aircraft
Finance
II
Ltd,
2019
1,
144A
3.721%
7/15/39
BBB
1,624,221
890
Horizon
Aircraft
Finance
III
Ltd,
2019
2,
144A
3.425%
11/15/39
BBB+
709,608
1,000
Hotwire
Funding
LLC,
2021
1,
144A
2.658%
11/20/51
BBB
857,653
1,025
Hpefs
Equipment
Trust
2022-2,
2022
2A,
144A
4.940%
3/20/30
Aa1
1,003,572
1,000
Hudson
Yards
2019-55HY
Mortgage
Trust,
2019
55HY,
144A
2.943%
12/10/41
N/R
669,778
1,000
ILPT
Commercial
Mortgage
Trust
2022-LPF2,
(TSFR1M
reference
rate
+
2.744%
spread),
2022
LPF2,
144A(3)
7.803%
10/15/39
Aaa
990,175
509
Impac
Secured
Assets
CMN
Owner
Trust,
2000
3
8.000%
10/25/30
N/R
452,039
353
Imperial
Fund
Mortgage
Trust
2020-NQM1,
2020
NQM1,
144A
2.051%
10/25/55
AA
315,882
2,000
Imperial
Fund
Mortgage
Trust
2020-NQM1,
2020
NQM1,
144A
3.531%
10/25/55
A
1,688,412
450
Imperial
Fund
Mortgage
Trust
2021-NQM1,
2021
NQM1,
144A
2.383%
6/25/56
BBB+
296,967
385
Imperial
Fund
Mortgage
Trust
2021-NQM1,
2021
NQM1,
144A
1.617%
6/25/56
AA-
321,811
1,250
Industrial
DPR
Funding
Ltd,
2022
1A,
144A
5.380%
4/15/34
BBB
1,073,163
2,488
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2022-NLP,
(TSFR1M
reference
rate
+
2.608%
spread),
2022
NLP,
144A(3)
6.943%
4/15/37
N/R
2,185,921
1,662
Jonah
Energy
Abs
I
LLC,
2022
1,
144A
7.200%
11/20/37
A-
1,644,441
186
JP
Morgan
Alternative
Loan
Trust
2007-S1,
(1-Month
LIBOR
reference
rate
+
0.560%
spread),
2007
S1(3)
5.698%
4/25/47
BBB+
174,993
388
JP
Morgan
Mortgage
Trust
2018-3,
2018
3,
144A
3.500%
9/25/48
Aaa
340,556
125
JP
Morgan
Mortgage
Trust
2018-4,
2018
4,
144A
3.500%
10/25/48
Aaa
110,462
517
JP
MORGAN
MORTGAGE
TRUST
2018-5,
2018
5,
144A
3.500%
10/25/48
Aaa
450,442
870
JP
Morgan
Mortgage
Trust
2018-6,
2018
6,
144A
3.893%
12/25/48
Baa3
733,168
79
JP
Morgan
Mortgage
Trust
2019-1,
2019
1,
144A
4.000%
5/25/49
AAA
73,864
37
JP
Morgan
Mortgage
Trust
2019-INV1,
(1-Month
LIBOR
reference
rate
+
0.950%
spread),
2019
INV1,
144A(3)
5.970%
10/25/49
Aaa
35,339
232
JP
Morgan
Mortgage
Trust
2020-1,
2020
1,
144A
3.832%
6/25/50
Aa1
199,013
422
JP
Morgan
Mortgage
Trust
2021-11,
2021
11,
144A
2.500%
1/25/52
Aa1
330,407
292
JP
Morgan
Mortgage
Trust
2021-7,
2021
7,
144A
2.500%
11/25/51
Aaa
228,798
192
JP
Morgan
Mortgage
Trust
2021-8,
2021
8,
144A
2.500%
12/25/51
AAA
150,814
2,500
JPMBB
Commercial
Mortgage
Securities
Trust
2015-
C31,
2015
C31
4.622%
8/15/48
N/R
2,189,728
1,400
JPMBB
Commercial
Mortgage
Securities
Trust
2016-C1,
2016
C1,
144A
4.202%
3/17/49
BBB
1,140,577
2,000
JPMCC
Commercial
Mortgage
Securities
Trust
2017-JP6,
2017
JP6
3.706%
7/15/50
A-
1,591,516
1,335
JPMCC
Commercial
Mortgage
Securities
Trust
2017-JP7,
2017
JP7
3.632%
9/15/50
A-
1,082,798
1,400
JPMCC
Commercial
Mortgage
Securities
Trust
2017-JP7,
2017
JP7,
144A
4.382%
9/15/50
BBB
966,813
190
Ladder
Capital
Commercial
Mortgage
2013-GCP
Mortgage
Trust,
2013
GCP,
144A
3.985%
2/15/36
AAA
171,696
1,514
Lunar
2021-1
Structured
Aircraft
Portfolio
Notes,
2021
1,
144A
5.682%
10/15/46
Ba3
1,296,192
19
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
1,500
Madison
Park
Funding
LIX
Ltd,
(3-Month
LIBOR
reference
rate
+
2.100%
spread),
2021
59A,
144A(3)
7.362%
1/18/34
A+
$
1,455,188
1,500
Madison
Park
Funding
XXXVI
Ltd,
(TSFR3M
reference
rate
+
3.500%
spread),
2019
36A,
144A(3)
5.981%
4/15/35
BBB+
1,401,733
1,500
Magnetite
XXIII
Ltd,
(3-Month
LIBOR
reference
rate
+
2.050%
spread),
2019
23A,
144A(3)
7.305%
1/25/35
A
1,433,001
123
MAPS
2018-1
Ltd,
2018
1A,
144A
4.212%
5/15/43
BBB+
110,208
405
MAPS
2021-1
Trust,
2021
1A,
144A
2.521%
6/15/46
A1
351,524
1,000
Mercury
Financial
Credit
Card
Master
Trust,
2023
1A,
144A
8.040%
9/20/27
N/R
998,921
1,000
Mercury
Financial
Credit
Card
Master
Trust,
2023
1A,
144A
9.590%
9/20/27
N/R
976,124
1,000
MetroNet
Infrastructure
Issuer
LLC,
2023
1A,
144A
8.010%
4/20/53
BBB
986,731
34,356
MFT
Trust
2020-ABC,
2020
ABC,
(I/O),
144A
0.119%
2/10/42
N/R
298,669
750
Morgan
Stanley
Capital
I
Trust
2018-H3,
2018
H3
4.177%
7/15/51
AAA
707,365
270
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2021-5,
2021
5,
144A
2.500%
8/25/51
AAA
211,599
2,000
MRCD
2019-MARK
Mortgage
Trust,
2019
PARK,
144A
2.718%
12/15/36
N/R
1,721,569
1,500
MSCG
Trust
2015-ALDR,
2015
ALDR,
144A
3.462%
6/07/35
A-
1,295,476
500
MSCG
Trust
2015-ALDR,
2015
ALDR,
144A
3.462%
6/07/35
BBB-
416,155
1,000
MTN
Commercial
Mortgage
Trust
2022-LPFL,
(TSFR1M
reference
rate
+
2.943%
spread),
2022
LPFL,
144A(3)
7.773%
3/15/39
Baa3
962,915
587
MVW
2019-2
LLC,
2019
2A,
144A
2.680%
10/20/38
BBB+
539,703
236
MVW
2021-1W
LLC,
2021
1WA,
144A
1.940%
1/22/41
BBB
213,531
436
MVW
Owner
Trust
2019-1,
2019
1A,
144A
3.330%
11/20/36
BBB+
410,117
1,500
Natixis
Commercial
Mortgage
Securities
Trust
2019-
MILE,
(TSFR1M
reference
rate
+
4.329%
spread),
2019
MILE,
144A(3)
9.389%
7/15/36
N/R
1,082,190
1,500
Natixis
Commercial
Mortgage
Securities
Trust
2019-
MILE,
(TSFR1M
reference
rate
+
3.579%
spread),
2019
MILE,
144A(3)
8.639%
7/15/36
N/R
1,225,509
1,100
Navistar
Financial
Dealer
Note
Master
Owner
Trust
II,
(SOFR30A
reference
rate
+
1.800%
spread),
2022
1,
144A(3)
6.731%
5/25/27
Aa1
1,102,884
1,000
Neuberger
Berman
Loan
Advisers
Clo
40
Ltd,
(3-Month
LIBOR
reference
rate
+
2.750%
spread),
2021
40A,
144A(3)
8.010%
4/16/33
BBB-
933,366
660
Neuberger
Berman
Loan
Advisers
Clo
40
Ltd,
(3-Month
LIBOR
reference
rate
+
5.850%
spread),
2021
40A,
144A(3)
11.110%
4/16/33
BB-
605,258
1,625
Neuberger
Berman
Loan
Advisers
CLO
48
Ltd,
(TSFR3M
reference
rate
+
3.200%
spread),
2022
48A,
144A(3)
8.268%
4/25/36
BBB-
1,471,681
101
New
Residential
Mortgage
Loan
Trust
2015-2,
2015
2A,
144A
5.375%
8/25/55
Baa1
96,043
1,000
NLT
2021-INV2
Trust,
2021
INV2,
144A
2.569%
8/25/56
BBB
661,644
1,000
Oak
Street
Investment
Grade
Net
Lease
Fund
Series
2021-1,
2021
1A,
144A
4.230%
1/20/51
BBB+
897,056
44
OBX
2018-1
Trust,
(1-Month
LIBOR
reference
rate
+
0.650%
spread),
2018
1,
144A(3)
5.788%
6/25/57
AAA
41,283
863
OBX
2021-J2
Trust,
2021
J2,
144A
2.500%
7/25/51
Aa1
675,151
2,175
OHA
Credit
Funding
4
Ltd,
(3-Month
LIBOR
reference
rate
+
3.200%
spread),
2019
4A,
144A(3)
4.336%
10/22/36
BBB-
2,054,936
1,150
One
Bryant
Park
Trust
2019-OBP,
2019
OBP,
144A
2.516%
9/15/54
Aaa
945,364
436
Oportun
Funding
XIV
LLC,
2021
A,
144A
5.400%
3/08/28
N/R
414,914
436
Oportun
Funding
XIV
LLC,
2021
A,
144A
3.440%
3/08/28
N/R
417,090
350
Oportun
Issuance
Trust
2021-C,
2021
C,
144A
5.570%
10/08/31
N/R
301,796
617
Oportun
Issuance
Trust
2021-C,
2021
C,
144A
3.610%
10/08/31
N/R
540,859
1,000
Palmer
Square
CLO
2021-3
Ltd,
(3-Month
LIBOR
reference
rate
+
2.950%
spread),
2021
3A,
144A(3)
5.462%
1/15/35
Baa3
943,635
2,500
Palmer
Square
CLO
2022-1
Ltd,
(TSFR3M
reference
rate
+
3.050%
spread),
2022
1A,
144A(3)
8.098%
4/20/35
Baa3
2,358,325
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
20
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X308,877,990.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
2,000
Palmer
Square
CLO
2023-1
Ltd,
(TSFR3M
reference
rate
+
5.300%
spread),
2023
1A,
144A(3)
10.027%
1/20/36
BBB-
$
2,020,958
250
Purchasing
Power
Funding
2021-A
LLC,
2021
A,
144A
4.370%
10/15/25
N/R
233,859
1,896
Purewest
Funding
LLC,
2021
1,
144A
4.091%
12/22/36
A-
1,798,186
15
Sequoia
Mortgage
Trust
2018-7,
2018
7,
144A
4.000%
9/25/48
Aaa
13,741
7
Sequoia
Mortgage
Trust
2019-2,
2019
2,
144A
4.000%
6/25/49
Aaa
6,830
290
Sequoia
Mortgage
Trust
2020-3,
2020
3,
144A
3.000%
4/25/50
AAA
244,293
1,444
Sesac
Finance
LLC,
2019
1,
144A
5.216%
7/25/49
N/R
1,358,853
1,167
Settlement
Fee
Finance
2019-1
LLC,
2019
1A,
144A
3.840%
11/01/49
N/R
1,134,961
200
Sierra
Timeshare
2019-2
Receivables
Funding
LLC,
2019
2A,
144A
4.540%
5/20/36
BB
189,596
183
Sierra
Timeshare
2019-3
Receivables
Funding
LLC,
2019
3A,
144A
4.180%
8/20/36
BB
173,265
156
Sierra
Timeshare
2021-1
Receivables
Funding
LLC,
2021
1A,
144A
1.790%
11/20/37
BBB
142,961
1,155
SLG
Office
Trust
2021-OVA,
2021
OVA,
144A
2.851%
7/15/41
N/R
838,290
40,180
SLG
Office
Trust
2021-OVA,
2021
OVA,
144A
0.258%
7/15/41
AA-
624,506
1,855
SMR
2022-IND
Mortgage
Trust,
(TSFR1M
reference
rate
+
3.950%
spread),
2022
IND,
144A(3)
9.009%
2/15/39
Baa3
1,733,205
1,877
Sonic
Capital
LLC,
2020
1A,
144A
3.845%
1/20/50
BBB
1,711,022
1,500
Spruce
Hill
Mortgage
Loan
Trust
2020-SH1,
2020
SH1,
144A
3.827%
1/28/50
BBB
1,313,053
934
Start
II
LTD,
2019
1,
144A
5.095%
3/15/44
BB
725,302
2,591
Taco
Bell
Funding
LLC,
2021
1A,
144A
2.294%
8/25/51
BBB
2,153,491
1,724
Taco
Bell
Funding
LLC,
2021
1A,
144A
1.946%
8/25/51
BBB
1,494,924
1,500
TCW
CLO
2021-2
Ltd,
(3-Month
LIBOR
reference
rate
+
6.860%
spread),
2021
2A,
144A(3)
6.985%
7/25/34
BB-
1,358,281
1,000
TICP
CLO
XIV
Ltd,
(3-Month
LIBOR
reference
rate
+
1.650%
spread),
2019
14A,
144A(3)
6.900%
10/20/32
AA
973,555
700
Tricon
American
Homes
2020-SFR1,
2020
SFR1,
144A
2.548%
7/17/38
A3
626,647
491
UBS-Barclays
Commercial
Mortgage
Trust
2013-C5,
2013
C5,
144A
3.649%
3/10/46
A
452,010
1,000
Unity-Peace
Park
CLO
Ltd,
(TSFR3M
reference
rate
+
2.000%
spread),
2022
1A,
144A(3)
7.048%
4/20/35
AA
976,986
3,000
VB-S1
Issuer
LLC
-
VBTEL,
2022
1A,
144A
4.288%
2/15/52
BBB-
2,717,221
600
Verus
Securitization
Trust
2019-4,
2019
4,
144A
3.207%
11/25/59
A+
531,862
806
Verus
Securitization
Trust
2020-1,
2020
1,
144A
2.724%
1/25/60
AA
760,103
249
Verus
Securitization
Trust
2020-4,
2020
4,
144A
2.321%
5/25/65
AA
232,213
2,000
Verus
Securitization
Trust
2021-8,
2021
8,
144A
3.288%
11/25/66
BBB
1,416,780
1,011
Vivint
Solar
Financing
V
LLC,
2018
1A,
144A
7.370%
4/30/48
N/R
932,657
700
VNDO
Trust
2016-350P,
2016
350P,
144A
3.903%
1/10/35
B
556,974
1,020
VR
Funding
LLC,
2020
1A,
144A
2.790%
11/15/50
N/R
894,679
185
VR
Funding
LLC,
2020
1A,
144A
6.420%
11/15/50
N/R
169,952
47
Washington
Mutual
MSC
Mortgage
Pass-Through
Certificates
Series
2004-RA3
Trust,
2004
RA3
5.799%
8/25/38
A
45,583
968
Wells
Fargo
Mortgage
Backed
Securities
2021-INV1
Trust,
2021
INV1,
144A
3.316%
8/25/51
A
770,931
855
Wendy's
Funding
LLC,
2021
1A,
144A
2.370%
6/15/51
BBB
716,583
7
WFRBS
Commercial
Mortgage
Trust
2013-C14,
2013
C14
3.337%
6/15/46
Aaa
6,570
540
ZAXBY'S
FUNDING
LLC,
2021
1A,
144A
3.238%
7/30/51
N/R
450,906
Total
Asset-Backed
and
Mortgage-Backed
Securities
(cost
$338,076,720)
308,877,990
21
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
181,283,206
CORPORATE
BONDS
-
27.5%
X
181,283,206
Aerospace
&
Defense
-
0.2%
$
750
Boeing
Co/The
5.705%
5/01/40
Baa2
$
738,877
900
Raytheon
Technologies
Corp
1.900%
9/01/31
A-
722,811
Total
Aerospace
&
Defense
1,461,688
Automobile
Components
-
0.2%
1,500
Goodyear
Tire
&
Rubber
Co/The
(5)
5.000%
7/15/29
BB-
1,350,710
Total
Automobile
Components
1,350,710
Automobiles
-
0.6%
450
Ford
Motor
Credit
Co
LLC
7.350%
3/06/30
BB+
453,203
1,040
Ford
Motor
Credit
Co
LLC
3.375%
11/13/25
BB+
959,241
1,000
General
Motors
Financial
Co
Inc
3.600%
6/21/30
BBB
866,443
1,500
Hyundai
Capital
Services
Inc,
144A
2.125%
4/24/25
BBB+
1,406,096
Total
Automobiles
3,684,983
Banks
-
3.2%
1,200
Access
Bank
PLC,
144A
6.125%
9/21/26
B-
944,880
375
African
Export-Import
Bank/The,
144A
2.634%
5/17/26
Baa1
336,915
1,000
Akbank
TAS,
144A
(5)
6.800%
2/06/26
B3
919,000
1,050
Banco
Nacional
de
Comercio
Exterior
SNC/Cayman
Islands,
144A
2.720%
8/11/31
Ba1
890,148
500
Bangkok
Bank
PCL/Hong
Kong,
144A
3.466%
9/23/36
Baa3
404,797
2,685
Bank
of
America
Corp
1.898%
7/23/31
AA-
2,136,123
950
Bank
of
America
Corp
1.922%
10/24/31
AA-
750,245
1,675
Bank
of
America
Corp
3.248%
10/21/27
AA-
1,566,935
1,035
Banque
Ouest
Africaine
de
Developement,
144A
4.700%
10/22/31
Baa1
838,350
550
Caelus
Re
VI
Ltd2020
A
(3-Month
U.S.
Treasury
Bill
reference
rate
+
5.380%
spread),
144A
(3)
10.751%
6/07/23
N/R
548,625
1,000
Citigroup
Inc
2.572%
6/03/31
A
837,225
1,350
Citigroup
Inc
1.122%
1/28/27
A
1,206,976
310
Credit
Suisse
AG/New
York
NY
3.625%
9/09/24
A-
296,682
1,475
Deutsche
Bank
AG/New
York
NY
3.961%
11/26/25
Baa1
1,401,110
1,675
Development
Bank
of
Kazakhstan
JSC,
144A
2.950%
5/06/31
Baa2
1,319,063
375
Grupo
Aval
Ltd,
144A
4.375%
2/04/30
BB+
278,329
1,000
HSBC
Holdings
PLC
4.583%
6/19/29
A+
948,409
3,050
JPMorgan
Chase
&
Co
1.953%
2/04/32
AA-
2,428,466
1,400
JPMorgan
Chase
&
Co
1.470%
9/22/27
AA-
1,240,737
1,000
Turkiye
Garanti
Bankasi
AS,
144A
7.177%
5/24/27
Caa2
881,780
800
Turkiye
Vakiflar
Bankasi
TAO,
144A
5.500%
10/01/26
B-
672,000
Total
Banks
20,846,795
Beverages
-
0.7%
1,200
Anadolu
Efes
Biracilik
Ve
Malt
Sanayii
AS,
144A
3.375%
6/29/28
BB+
928,642
900
Anheuser-Busch
InBev
Worldwide
Inc
4.350%
6/01/40
A-
825,463
1,200
Cia
Cervecerias
Unidas
SA,
144A
3.350%
1/19/32
A-
1,018,800
950
Constellation
Brands
Inc
2.875%
5/01/30
BBB
828,964
1,125
Primo
Water
Holdings
Inc,
144A
4.375%
4/30/29
B1
967,669
Total
Beverages
4,569,538
Biotechnology
-
0.1%
750
Amgen
Inc
5.250%
3/02/33
BBB+
752,649
Total
Biotechnology
752,649
Broadline
Retail
-
0.4%
1,450
JSM
Global
Sarl,
144A
(6)
4.750%
10/20/30
C
249,655
725
Prosus
NV,
144A
3.680%
1/21/30
BBB
603,437
2,000
Prosus
NV,
144A
3.257%
1/19/27
BBB
1,814,172
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
22
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Broadline
Retail
(continued)
$
200
Prosus
NV,
144A
4.850%
7/06/27
BBB
$
191,687
Total
Broadline
Retail
2,858,951
Capital
Markets
-
1.2%
1,000
Compass
Group
Diversified
Holdings
LLC,
144A
5.250%
4/15/29
B+
883,118
860
Credit
Suisse
Group
AG
3.750%
3/26/25
Baa2
807,540
1,750
ENN
Clean
Energy
International
Investment
Ltd,
144A
3.375%
5/12/26
BBB-
1,609,730
2,300
Goldman
Sachs
Group
Inc/The
1.542%
9/10/27
A2
2,028,683
1,475
Morgan
Stanley
1.593%
5/04/27
A1
1,326,564
750
Morgan
Stanley
Bank
NA
4.754%
4/21/26
Aa3
747,081
665
NFP
Corp,
144A
7.500%
10/01/30
B1
641,346
Total
Capital
Markets
8,044,062
Chemicals
-
0.9%
1,700
Alpek
SAB
de
CV,
144A
4.250%
9/18/29
BBB-
1,521,500
950
EverArc
Escrow
Sarl,
144A
5.000%
10/30/29
B+
754,234
1,025
OCP
SA,
144A
3.750%
6/23/31
BB+
839,577
1,325
Orbia
Advance
Corp
SAB
de
CV,
144A
1.875%
5/11/26
BBB
1,194,487
500
Sasol
Financing
USA
LLC,
144A
8.750%
5/03/29
BB+
478,785
725
Sasol
Financing
USA
LLC
4.375%
9/18/26
BB+
633,957
490
Tronox
Inc,
144A
4.625%
3/15/29
BB-
397,726
Total
Chemicals
5,820,266
Commercial
Services
&
Supplies
-
0.2%
1,670
ADT
Security
Corp/The,
144A
4.875%
7/15/32
BB
1,422,589
Total
Commercial
Services
&
Supplies
1,422,589
Communications
Equipment
-
0.2%
1,250
T-Mobile
USA
Inc
2.250%
11/15/31
BBB+
1,004,987
Total
Communications
Equipment
1,004,987
Construction
Materials
-
0.4%
875
Cemex
SAB
de
CV,
144A
9.125%
12/30/49
BB-
878,237
750
Gates
Global
LLC
/
Gates
Corp,
144A
(5)
6.250%
1/15/26
B
735,000
1,250
UltraTech
Cement
Ltd,
144A
2.800%
2/16/31
Baa3
1,024,372
Total
Construction
Materials
2,637,609
Consumer
Finance
-
0.1%
1,095
OneMain
Finance
Corp
3.500%
1/15/27
BB
911,686
Total
Consumer
Finance
911,686
Consumer
Staples
Distribution
&
Retail
-
0.4%
800
CVS
Health
Corp
4.250%
4/01/50
BBB
650,106
925
Target
Corp
2.350%
2/15/30
A
808,307
1,000
Walmart
Inc
1.050%
9/17/26
AA
901,076
Total
Consumer
Staples
Distribution
&
Retail
2,359,489
Containers
&
Packaging
-
0.3%
785
Amcor
Flexibles
North
America
Inc
2.690%
5/25/31
BBB
642,155
1,000
LABL
Inc,
144A
5.875%
11/01/28
B2
898,750
715
Mauser
Packaging
Solutions
Holding
Co,
144A
7.875%
8/15/26
B
708,650
Total
Containers
&
Packaging
2,249,555
Diversified
REITs
-
0.2%
900
Essential
Properties
LP
2.950%
7/15/31
BBB
658,959
500
SBA
Tower
Trust,
144A
1.631%
11/15/26
A2
435,919
270
SBA
Tower
Trust,
144A
1.884%
1/15/26
A2
243,793
23
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Diversified
REITs
(continued)
$
240
SBA
Tower
Trust,
144A
2.836%
1/15/25
A2
$
227,844
Total
Diversified
REITs
1,566,515
Diversified
Telecommunication
Services
-
0.4%
770
Iliad
Holding
SASU,
144A
6.500%
10/15/26
BB-
724,925
2,275
Verizon
Communications
Inc
1.750%
1/20/31
A-
1,796,386
Total
Diversified
Telecommunication
Services
2,521,311
Electric
Utilities
-
1.8%
750
AEP
Transmission
Co
LLC
5.400%
3/15/53
A2
762,495
900
AEP
Transmission
Co
LLC
3.650%
4/01/50
A2
691,845
1,035
AES
Espana
BV,
144A
5.700%
5/04/28
BB-
933,839
910
Duke
Energy
Carolinas
LLC
5.350%
1/15/53
Aa3
910,225
1,000
Duke
Energy
Carolinas
LLC
4.950%
1/15/33
Aa3
1,003,574
800
Empresas
Publicas
de
Medellin
ESP,
144A
4.375%
2/15/31
Baa3
582,042
950
Eskom
Holdings
SOC
Ltd,
144A
6.350%
8/10/28
Ba2
857,603
990
Florida
Power
&
Light
Co
4.800%
5/15/33
Aa2
989,580
1,175
Georgia
Power
Co
2.650%
9/15/29
BBB+
1,020,755
750
Interstate
Power
and
Light
Co
3.100%
11/30/51
A-
494,823
250
NPC
Ukrenergo,
144A
6.875%
11/09/28
Ca
40,625
750
Public
Service
Co
of
Colorado
2.700%
1/15/51
A1
485,715
1,500
ReNew
Wind
Energy
AP2
/
ReNew
Power
Pvt
Ltd
other
9
Subsidiaries,
144A
4.500%
7/14/28
Ba3
1,253,931
1,780
Talen
Energy
Supply
LLC,
144A
8.625%
6/01/30
BB+
1,811,684
Total
Electric
Utilities
11,838,736
Electronic
Equipment,
Instruments
&
Components
-
0.2%
1,150
Imola
Merger
Corp,
144A
4.750%
5/15/29
BB+
989,241
Total
Electronic
Equipment,
Instruments
&
Components
989,241
Energy
Equipment
&
Services
-
0.6%
1,100
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp,
144A
6.875%
4/01/27
B+
1,051,058
2,000
EIG
Pearl
Holdings
Sarl,
144A
3.545%
8/31/36
A1
1,699,144
1,700
Galaxy
Pipeline
Assets
Bidco
Ltd,
144A
2.625%
3/31/36
Aa2
1,378,682
Total
Energy
Equipment
&
Services
4,128,884
Entertainment
-
0.1%
1,000
Warnermedia
Holdings
Inc
5.050%
3/15/42
BBB-
809,072
Total
Entertainment
809,072
Equity
Real
Estate
Investment
Trusts
-
0.3%
900
Regency
Centers
LP
2.950%
9/15/29
BBB+
782,686
1,000
Uniti
Group
LP
/
Uniti
Group
Finance
Inc
/
CSL
Capital
LLC,
144A
10.500%
2/15/28
BB+
970,223
Total
Equity
Real
Estate
Investment
Trusts
1,752,909
Financial
Services
-
0.5%
500
Citrus
Re
Ltd
(3-Month
U.S.
Treasury
Bill
reference
rate
+
5.100%
spread),
144A
(3)
5.100%
6/07/25
N/R
485,000
600
DAE
Funding
LLC,
144A
3.375%
3/20/28
Baa3
545,336
500
Hestia
Re
Ltd
(1-Month
U.S.
Treasury
Bill
reference
rate
+
9.500%
spread),
144A
(3)
14.858%
4/22/25
N/R
429,700
1,000
Indian
Railway
Finance
Corp
Ltd,
144A
3.570%
1/21/32
BBB-
877,120
250
Matterhorn
Re
Ltd
(SOFR
reference
rate
+
5.250%
spread),
144A
(3)
5.889%
3/24/25
N/R
233,100
1
Putnam
RE
PTE
Ltd2020
A,
144A
(6),(7)
10.858%
6/07/24
N/R
0
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
24
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Financial
Services
(continued)
$
1,000
Sanders
Re
Ltd
(3-Month
U.S.
Treasury
Bill
reference
rate
+
3.090%
spread),
144A
(3)
3.250%
4/07/25
N/R
$
956,000
Total
Financial
Services
3,526,256
Food
Products
-
0.2%
750
BRF
SA,
144A
4.875%
1/24/30
BB
604,500
1,075
Ulker
Biskuvi
Sanayi
AS,
144A
6.950%
10/30/25
B
907,526
Total
Food
Products
1,512,026
Gas
Utilities
-
0.3%
1,125
Ferrellgas
LP
/
Ferrellgas
Finance
Corp,
144A
5.875%
4/01/29
B
936,876
1,050
Ferrellgas
LP
/
Ferrellgas
Finance
Corp,
144A
5.375%
4/01/26
B
955,080
Total
Gas
Utilities
1,891,956
Ground
Transportation
-
0.1%
1,000
Transnet
SOC
Ltd,
144A
8.250%
2/06/28
BB-
956,930
Total
Ground
Transportation
956,930
Health
Care
Equipment
&
Supplies
-
0.1%
760
Medtronic
Global
Holdings
SCA
4.500%
3/30/33
A
749,971
Total
Health
Care
Equipment
&
Supplies
749,971
Hotels,
Restaurants
&
Leisure
-
0.5%
990
Cinemark
USA
Inc,
144A
(5)
5.250%
7/15/28
B+
866,636
750
GENM
Capital
Labuan
Ltd,
144A
3.882%
4/19/31
BBB
600,422
1,000
NCL
Corp
Ltd,
144A
5.875%
3/15/26
B-
907,147
1,135
Sands
China
Ltd
3.750%
8/08/31
Baa2
912,341
Total
Hotels,
Restaurants
&
Leisure
3,286,546
Household
Products
-
0.1%
875
Clorox
Co/The
1.800%
5/15/30
BBB+
719,599
Total
Household
Products
719,599
Independent
Power
And
Renewable
Electricity
Producers
-
0.1%
875
Israel
Electric
Corp
Ltd,
144A
,
Reg
S
3.750%
2/22/32
BBB+
753,252
Total
Independent
Power
And
Renewable
Electricity
Producers
753,252
Independent
Power
Producers
&
Energy
Traders
-
0.5%
1,194
Alfa
Desarrollo
SpA2021
1,
144A
4.550%
9/27/51
BBB-
863,920
1,500
EnfraGen
Energia
Sur
SA
/
EnfraGen
Spain
SA
/
Prime
Energia
SpA,
144A
5.375%
12/30/30
BBB-
961,697
1,461
Sweihan
PV
Power
Co
PJSC2022
1,
144A
3.625%
1/31/49
BBB+
1,179,152
617
UEP
Penonome
II
SA2020
1,
144A
6.500%
10/01/38
BB
462,855
Total
Independent
Power
Producers
&
Energy
Traders
3,467,624
Insurance
-
0.7%
1,000
Berkshire
Hathaway
Finance
Corp
2.875%
3/15/32
AA
886,615
500
Bonanza
RE
Ltd2020
A
(3-Month
U.S.
Treasury
Bill
reference
rate
+
4.870%
spread),
144A
(3)
10.245%
12/23/24
N/R
430,150
250
Bonanza
RE
Ltd
(3-Month
U.S.
Treasury
Bill
reference
rate
+
5.750%
spread),
144A
(3)
11.108%
3/16/25
N/R
206,525
900
Hartford
Financial
Services
Group
Inc/The
2.800%
8/19/29
BBB+
784,091
250
Kendall
Re
Ltd2020
A
(3-Month
U.S.
Treasury
Bill
reference
rate
+
4.000%
spread),
144A
(3)
4.040%
5/02/24
N/R
237,575
550
Residential
Reinsurance
2020
Ltd2020
A
(3-Month
U.S.
Treasury
Bill
reference
rate
+
6.180%
spread),
144A
(3)
6.510%
12/06/24
N/R
523,325
500
Vitality
Re
XII
Ltd2020
A
(3-Month
U.S.
Treasury
Bill
reference
rate
+
2.250%
spread),
144A
(3)
2.250%
1/07/25
BBB+
489,350
25
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Insurance
(continued)
$
1,000
Vitality
Re
XIV
Ltd
(3-Month
U.S.
Treasury
Bill
reference
rate
+
3.500%
spread),
144A
(3)
8.863%
1/05/27
BBB+
$
999,500
Total
Insurance
4,557,131
Interactive
Media
&
Services
-
0.2%
1,100
Arches
Buyer
Inc,
144A
4.250%
6/01/28
B1
931,379
535
Baidu
Inc
1.625%
2/23/27
A
473,896
Total
Interactive
Media
&
Services
1,405,275
IT
Services
-
0.3%
2,075
Ahead
DB
Holdings
LLC,
144A
6.625%
5/01/28
CCC+
1,685,937
Total
IT
Services
1,685,937
Marine
Transportation
-
0.2%
1,740
MISC
Capital
Two
Labuan
Ltd,
144A
3.750%
4/06/27
BBB
1,644,100
Total
Marine
Transportation
1,644,100
Media
-
0.8%
1,000
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp,
144A
6.375%
9/01/29
BB+
932,670
1,000
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3.900%
6/01/52
BBB-
629,037
1,300
Comcast
Corp
2.800%
1/15/51
A-
850,229
350
CSC
Holdings
LLC,
144A
11.250%
5/15/28
B1
331,625
1,500
CSC
Holdings
LLC,
144A
4.125%
12/01/30
B1
1,041,238
925
LCPR
Senior
Secured
Financing
DAC,
144A
5.125%
7/15/29
BB+
766,728
1,000
Sirius
XM
Radio
Inc,
144A
4.000%
7/15/28
BB
837,352
Total
Media
5,388,879
Metals
&
Mining
-
0.8%
700
AngloGold
Ashanti
Holdings
PLC
3.375%
11/01/28
Baa3
618,527
1,675
AngloGold
Ashanti
Holdings
PLC
3.750%
10/01/30
Baa3
1,433,353
750
Antofagasta
PLC,
144A
5.625%
5/13/32
BBB+
736,759
1,120
Freeport
Indonesia
PT,
144A
5.315%
4/14/32
Baa3
1,048,465
2,000
SunCoke
Energy
Inc,
144A
4.875%
6/30/29
BB
1,646,582
Total
Metals
&
Mining
5,483,686
Mortgage
Real
Estate
Investment
Trusts
(REITs)
-
0.3%
2,000
Rocket
Mortgage
LLC
/
Quicken
Loans
Co-Issuer
Inc,
144A
3.625%
3/01/29
Ba1
1,649,321
Total
Mortgage
Real
Estate
Investment
Trusts
(REITs)
1,649,321
Multi-Utilities
-
0.1%
900
Ameren
Illinois
Co
4.950%
6/01/33
A1
901,820
Total
Multi-Utilities
901,820
Office
REITs
-
0.3%
2,000
Piedmont
Operating
Partnership
LP
3.400%
6/01/23
BBB
2,000,000
Total
Office
REITs
2,000,000
Oil,
Gas
&
Consumable
Fuels
-
3.1%
800
Cosan
SA,
144A
5.500%
9/20/29
BB
728,542
575
Ecopetrol
SA
6.875%
4/29/30
Baa3
514,705
450
Ecopetrol
SA
4.625%
11/02/31
Baa3
342,051
1,000
Ecopetrol
SA
5.875%
11/02/51
Baa3
641,326
100
Ecopetrol
SA
5.875%
5/28/45
Baa3
65,828
300
Empresa
Nacional
del
Petroleo,
144A
6.150%
5/10/33
A-
298,005
900
Empresa
Nacional
del
Petroleo,
144A
3.450%
9/16/31
A-
746,663
826
Energean
Israel
Finance
Ltd,
144A
,
Reg
S
5.375%
3/30/28
BB-
735,884
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
26
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
$
750
Energy
Transfer
LP
5.000%
5/15/50
BBB-
$
613,509
1,000
Enterprise
Products
Operating
LLC
5.350%
1/31/33
A-
1,019,293
900
Enterprise
Products
Operating
LLC
4.450%
2/15/43
A-
772,743
1,000
EQM
Midstream
Partners
LP
6.500%
7/15/48
BB
816,881
1,175
Kinder
Morgan
Energy
Partners
LP
5.800%
3/15/35
BBB
1,163,761
500
Medco
Laurel
Tree
Pte
Ltd,
144A
6.950%
11/12/28
B+
438,189
1,000
MEG
Energy
Corp,
144A
5.875%
2/01/29
BB-
944,279
850
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp,
144A
7.500%
2/01/26
B+
812,157
1,010
Parkland
Corp/Canada,
144A
4.625%
5/01/30
BB
873,145
500
Pertamina
Persero
PT,
144A
1.400%
2/09/26
Baa2
452,997
200
Petroleos
del
Peru
SA,
144A
4.750%
6/19/32
BB+
143,222
559
Petroleos
Mexicanos
7.690%
1/23/50
BBB
362,311
1,490
Petroleos
Mexicanos
6.700%
2/16/32
BBB
1,116,687
100
Petroleos
Mexicanos
6.750%
9/21/47
BBB
60,354
950
Phillips
66
2.150%
12/15/30
A3
775,644
1,665
Saka
Energi
Indonesia
PT,
144A
4.450%
5/05/24
B+
1,625,456
1,000
SierraCol
Energy
Andina
LLC,
144A
6.000%
6/15/28
B1
732,700
1,000
Thaioil
Treasury
Center
Co
Ltd,
144A
2.500%
6/18/30
BBB
819,101
1,780
Transcanada
Trust
5.500%
9/15/79
BBB-
1,500,817
975
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp
6.875%
9/01/27
BB-
913,122
440
Venture
Global
LNG
Inc,
144A
8.125%
6/01/28
BB
442,200
Total
Oil,
Gas
&
Consumable
Fuels
20,471,572
Paper
&
Forest
Products
-
0.2%
1,500
Suzano
Austria
GmbH
3.125%
1/15/32
BBB-
1,189,887
Total
Paper
&
Forest
Products
1,189,887
Passenger
Airlines
-
0.4%
1,314
American
Airlines
2021-1
Class
A
Pass
Through
Trust2021
2021
2.875%
7/11/34
A
1,087,824
389
British
Airways
2020-1
Class
A
Pass
Through
Trust2020
A,
144A
4.250%
11/15/32
A
361,323
324
British
Airways
2020-1
Class
B
Pass
Through
Trust2020
A,
144A
8.375%
11/15/28
A-
330,036
1,000
Grupo
Aeromexico
SAB
de
CV,
144A
8.500%
3/17/27
B
897,400
Total
Passenger
Airlines
2,676,583
Pharmaceuticals
-
0.8%
825
CVS
Health
Corp
1.750%
8/21/30
BBB
663,073
750
Merck
&
Co
Inc
2.350%
6/24/40
A+
530,330
1,475
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV,
144A
5.125%
4/30/31
BB-
1,251,614
1,110
Pfizer
Investment
Enterprises
Pte
Ltd
4.750%
5/19/33
A+
1,114,452
990
Teva
Pharmaceutical
Finance
Netherlands
III
BV
(5)
5.125%
5/09/29
Ba2
892,048
670
Teva
Pharmaceutical
Finance
Netherlands
III
BV
(5)
8.125%
9/15/31
Ba2
695,686
Total
Pharmaceuticals
5,147,203
Professional
Services
-
0.1%
750
MPH
Acquisition
Holdings
LLC,
144A
5.500%
9/01/28
B1
597,972
Total
Professional
Services
597,972
Retail
REITs
-
0.4%
1,000
Brixmor
Operating
Partnership
LP
2.250%
4/01/28
BBB
845,703
1,000
Kite
Realty
Group
Trust
4.750%
9/15/30
BBB
898,940
888
SITE
Centers
Corp
3.625%
2/01/25
BBB
836,546
Total
Retail
REITs
2,581,189
27
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Semiconductors
&
Semiconductor
Equipment
-
0.4%
$
1,000
Broadcom
Inc,
144A
3.469%
4/15/34
BBB-
$
815,957
1,200
SK
Hynix
Inc,
144A
1.500%
1/19/26
Baa2
1,061,159
675
TSMC
Arizona
Corp
3.875%
4/22/27
AA-
656,333
Total
Semiconductors
&
Semiconductor
Equipment
2,533,449
Software
-
0.3%
500
Condor
Merger
Sub
Inc,
144A
7.375%
2/15/30
CCC+
420,533
775
Oracle
Corp
4.900%
2/06/33
BBB
748,600
750
Salesforce
Inc
2.700%
7/15/41
A+
541,431
Total
Software
1,710,564
Specialized
REITs
-
0.3%
2,200
SBA
Tower
Trust,
144A
1.840%
4/15/27
A2
1,915,702
Total
Specialized
REITs
1,915,702
Specialty
Retail
-
0.5%
1,125
Michaels
Cos
Inc/The,
144A
5.250%
5/01/28
B2
866,250
1,000
Michaels
Cos
Inc/The,
144A
7.875%
5/01/29
CCC
614,440
1,150
O'Reilly
Automotive
Inc
1.750%
3/15/31
Baa1
917,073
1,000
Staples
Inc,
144A
7.500%
4/15/26
B
821,974
Total
Specialty
Retail
3,219,737
Technology
Hardware,
Storage
&
Peripherals
-
0.2%
1,175
Apple
Inc
2.450%
8/04/26
Aaa
1,112,550
Total
Technology
Hardware,
Storage
&
Peripherals
1,112,550
Textiles
-
0.1%
930
Hanesbrands
Inc,
144A
(5)
9.000%
2/15/31
BB-
930,099
Total
Textiles
930,099
Trading
Companies
&
Distributors
-
0.6%
880
AerCap
Holdings
NV
(5)
5.875%
10/10/79
BB+
818,793
1,750
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
3.000%
10/29/28
BBB
1,517,308
1,825
Albion
Financing
2SARL,
144A
8.750%
4/15/27
BB-
1,578,166
Total
Trading
Companies
&
Distributors
3,914,267
Transportation
Infrastructure
-
0.1%
500
Adani
Ports
&
Special
Economic
Zone
Ltd,
144A
3.100%
2/02/31
BBB-
351,736
Total
Transportation
Infrastructure
351,736
Wireless
Telecommunication
Services
-
1.2%
1,410
AT&T
Inc
3.500%
9/15/53
BBB+
978,826
1,400
C&W
Senior
Financing
DAC,
144A
6.875%
9/15/27
BB-
1,204,280
775
CT
Trust,
144A
5.125%
2/03/32
Ba1
610,868
975
Empresa
Nacional
de
Telecomunicaciones
SA,
144A
3.050%
9/14/32
BBB
771,469
1,000
Liberty
Costa
Rica
Senior
Secured
Finance,
144A
10.875%
1/15/31
B+
957,490
1,386
Millicom
International
Cellular
SA2028
2028,
144A
5.125%
1/15/28
BB+
1,193,799
1,375
Sitios
Latinoamerica
SAB
de
CV,
144A
5.375%
4/04/32
Baa3
1,233,236
995
Vmed
O2
UK
Financing
I
PLC,
144A
4.750%
7/15/31
BB+
818,194
Total
Wireless
Telecommunication
Services
7,768,162
Total
Corporate
Bonds
(cost
$203,702,367)
181,283,206
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
28
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
55,123,031
SOVEREIGN
DEBT
-
8.4%
X
55,123,031
Angola
-
0.1%
$
1,050
Angolan
Government
International
Bond
,
144A
8.750%
4/14/32
B-
$
880,415
Total
Angola
880,415
Bermuda
-
0.1%
625
Bermuda
Government
International
Bond
,
144A
2.375%
8/20/30
A+
526,812
Total
Bermuda
526,812
Brazil
-
0.1%
570
Brazilian
Government
International
Bond
6.000%
10/20/33
Ba2
558,853
Total
Brazil
558,853
Colombia
-
0.1%
850
Colombia
Government
International
Bond
5.000%
6/15/45
Baa2
563,231
Total
Colombia
563,231
Costa
Rica
-
0.1%
905
Costa
Rica
Government
International
Bond
,
144A
5.625%
4/30/43
BB-
779,262
Total
Costa
Rica
779,262
Cote
d'Ivoire
-
0.4%
1,313
Ivory
Coast
Government
International
Bond
,
144A
5.750%
12/31/32
BB-
1,211,841
1,750
Ivory
Coast
Government
International
Bond
,
144A
6.125%
6/15/33
BB-
1,512,759
Total
Cote
d'Ivoire
2,724,600
Dominican
Republic
-
0.2%
1,000
Dominican
Republic
International
Bond
,
144A
4.500%
1/30/30
BB
861,927
835
Dominican
Republic
International
Bond
,
144A
5.300%
1/21/41
BB
646,266
12,000
DOP
Dominican
Republic
International
Bond
,
144A
9.750%
6/05/26
BB
219,174
Total
Dominican
Republic
1,727,367
Ecuador
-
0.0%
380
Ecuador
Government
International
Bond
,
144A
5.000%
7/31/30
B-
183,418
Total
Ecuador
183,418
Ghana
-
0.0%
650
Ghana
Government
International
Bond
,
144A
8.125%
3/26/32
Ca
260,585
Total
Ghana
260,585
Hungary
-
0.2%
425
Hungary
Government
International
Bond
,
144A
5.250%
6/16/29
Baa2
411,187
300
Magyar
Export-Import
Bank
Zrt
,
144A
6.125%
12/04/27
BBB
297,695
Total
Hungary
708,882
Indonesia
-
0.1%
950
Perusahaan
Penerbit
SBSN
Indonesia
III
,
144A
3.800%
6/23/50
BBB
751,414
Total
Indonesia
751,414
Iraq
-
0.3%
1,884
Iraq
International
Bond
,
144A
5.800%
1/15/28
N/R
1,741,351
Total
Iraq
1,741,351
Jamaica
-
0.1%
805
Jamaica
Government
International
Bond
6.750%
4/28/28
B+
845,135
Total
Jamaica
845,135
Jordan
-
0.2%
1,300
Jordan
Government
International
Bond
,
144A
5.850%
7/07/30
BB-
1,161,875
Total
Jordan
1,161,875
29
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Kazakhstan
-
0.1%
$
400
Kazakhstan
Government
International
Bond
,
144A
6.500%
7/21/45
Baa2
$
413,469
Total
Kazakhstan
413,469
Kenya
-
0.3%
400
Republic
of
Kenya
Government
International
Bond
,
144A
7.000%
5/22/27
B
342,449
1,445
Republic
of
Kenya
Government
International
Bond
,
144A
6.300%
1/23/34
B
1,030,490
Total
Kenya
1,372,939
Mexico
-
0.5%
1,000
Mexico
Government
International
Bond
4.750%
4/27/32
BBB
955,604
1,640
Mexico
Government
International
Bond
4.750%
3/08/44
BBB
1,382,126
1,950
Mexico
Government
International
Bond
4.280%
8/14/41
BBB
1,583,938
275
Mexico
Government
International
Bond
5.400%
2/09/28
BBB
280,867
Total
Mexico
4,202,535
Mongolia
-
0.1%
795
Mongolia
Government
International
Bond
,
144A
(5)
4.450%
7/07/31
B
594,262
Total
Mongolia
594,262
Morocco
-
0.2%
850
Morocco
Government
International
Bond
,
144A
5.500%
12/11/42
BB+
721,060
920
Morocco
Government
International
Bond
,
144A
3.000%
12/15/32
BB+
724,500
280
Morocco
Government
International
Bond
,
144A
5.950%
3/08/28
BB+
283,227
Total
Morocco
1,728,787
Nigeria
-
0.1%
325
Nigeria
Government
International
Bond
,
144A
8.375%
3/24/29
B-
281,189
415
Nigeria
Government
International
Bond
,
144A
7.875%
2/16/32
B-
325,128
Total
Nigeria
606,317
Oman
-
0.1%
850
Oman
Government
International
Bond
,
144A
6.000%
8/01/29
Ba2
851,062
250
Oman
Government
International
Bond
,
144A
6.750%
10/28/27
Ba2
258,788
Total
Oman
1,109,850
Panama
-
0.2%
1,360
Panama
Bonos
del
Tesoro
3.362%
6/30/31
BBB
1,168,920
Total
Panama
1,168,920
Peru
-
0.1%
925
Peruvian
Government
International
Bond
2.783%
1/23/31
Baa1
788,446
Total
Peru
788,446
Philippines
-
0.3%
600
Philippine
Government
International
Bond
5.000%
7/17/33
BBB+
612,742
550
Philippine
Government
International
Bond
6.375%
10/23/34
BBB+
618,901
495
Philippine
Government
International
Bond
4.200%
3/29/47
BBB+
428,409
Total
Philippines
1,660,052
Poland
-
0.2%
360
Republic
of
Poland
Government
International
Bond
3.250%
4/06/26
A2
349,005
630
Republic
of
Poland
Government
International
Bond
5.500%
4/04/53
A2
632,835
Total
Poland
981,840
Qatar
-
0.1%
850
Qatar
Government
International
Bond
,
144A
4.817%
3/14/49
AA
807,582
Total
Qatar
807,582
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
30
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Republic
of
Serbia
-
0.1%
$
375
Serbia
International
Bond
,
144A
6.500%
9/26/33
BB+
$
363,885
Total
Republic
of
Serbia
363,885
Rwanda
-
0.2%
1,375
Rwanda
International
Government
Bond
,
144A
5.500%
8/09/31
B+
999,432
Total
Rwanda
999,432
Saudi
Arabia
-
0.2%
1,890
Saudi
Government
International
Bond
,
144A
3.750%
1/21/55
A1
1,410,465
Total
Saudi
Arabia
1,410,465
South
Africa
-
0.2%
1,900
Republic
of
South
Africa
Government
International
Bond
5.375%
7/24/44
Ba2
1,287,250
Total
South
Africa
1,287,250
Turkey
-
0.1%
750
Turkiye
Ihracat
Kredi
Bankasi
AS
,
144A
5.750%
7/06/26
B3
649,479
Total
Turkey
649,479
Ukraine
-
0.0%
225
Ukraine
Government
International
Bond
,
144A
7.750%
9/01/29
Caa1
42,602
Total
Ukraine
42,602
United
States
-
3.3%
12,000
United
States
Treasury
Note/Bond
3.875%
2/15/43
Aaa
11,778,750
5,000
United
States
Treasury
Note/Bond
3.500%
2/15/33
Aaa
4,940,625
5,000
United
States
Treasury
Note/Bond
3.625%
2/15/53
Aaa
4,802,344
Total
United
States
21,521,719
Total
Sovereign
Debt
(cost
$62,757,733)
55,123,031
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
52,577,483
$1,000
PAR
(OR
SIMILAR)
INSTITUTIONAL
PREFERRED
-
8.0%
X
52,577,483
Automobiles
-
0.2%
$
1,235
General
Motors
Financial
Co
Inc
5.700%
N/A
(8)
BB+
$
1,080,586
Total
Automobiles
1,080,586
Banks
-
3.6%
1,100
Banco
de
Credito
del
Peru
S.A,
144A
3.125%
7/01/30
BBB-
1,007,865
1,500
Bank
of
America
Corp
6.100%
N/A
(8)
BBB+
1,462,500
1,500
Bank
of
America
Corp
(5)
6.125%
N/A
(8)
BBB+
1,463,625
1,875
Citigroup
Inc
7.375%
N/A
(8)
BBB-
1,860,938
320
Citigroup
Inc
6.174%
5/25/34
BBB+
324,527
2,000
CoBank
ACB
6.250%
N/A
(8)
BBB+
1,870,004
2,000
Goldman
Sachs
Group
Inc/The
3.800%
N/A
(8)
BBB-
1,588,600
1,560
Huntington
Bancshares
Inc/OH
5.625%
N/A
(8)
Baa3
1,376,700
1,275
JPMorgan
Chase
&
Co
5.000%
N/A
(8)
BBB+
1,220,016
2,450
JPMorgan
Chase
&
Co
3.650%
N/A
(8)
BBB+
2,161,562
2,000
PNC
Financial
Services
Group
Inc/The
3.400%
N/A
(8)
Baa2
1,495,000
1,415
Truist
Financial
Corp
5.100%
N/A
(8)
Baa2
1,245,200
2,000
Truist
Financial
Corp
4.800%
N/A
(8)
Baa2
1,670,000
1,230
Wells
Fargo
&
Co
5.875%
N/A
(8)
Baa2
1,214,932
1,300
Wells
Fargo
&
Co
5.900%
N/A
(8)
Baa2
1,282,125
2,900
Wells
Fargo
&
Co
3.900%
N/A
(8)
Baa2
2,540,400
Total
Banks
23,783,994
31
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Building
Products
-
0.1%
$
1,125
Cemex
SAB
de
CV,
144A
5.125%
N/A
(8)
BB-
$
990,506
Total
Building
Products
990,506
Capital
Markets
-
0.7%
2,500
Bank
of
New
York
Mellon
Corp/The
4.700%
N/A
(8)
Baa1
2,448,100
2,050
Charles
Schwab
Corp/The
5.375%
N/A
(8)
Baa2
1,970,604
Total
Capital
Markets
4,418,704
Diversified
Telecommunication
Services
-
0.2%
800
Network
i2i
Ltd,
144A
5.650%
N/A
(8)
BB
773,000
1,000
Network
i2i
Ltd,
144A
(5)
3.975%
N/A
(8)
BB
885,322
Total
Diversified
Telecommunication
Services
1,658,322
Electric
Utilities
-
0.4%
1,500
Edison
International
5.000%
N/A
(8)
BB+
1,283,733
1,500
Southern
Co/The
4.000%
1/15/51
BBB-
1,397,595
Total
Electric
Utilities
2,681,328
Financial
Services
-
0.1%
1,000
Voya
Financial
Inc
6.125%
N/A
(8)
BBB-
940,000
Total
Financial
Services
940,000
Food
Products
-
0.4%
2,730
Land
O'
Lakes
Inc,
144A
8.000%
N/A
(8)
BB
2,484,300
Total
Food
Products
2,484,300
Independent
Power
Producers
&
Energy
Traders
-
0.2%
1,304
Vistra
Corp,
144A
7.000%
N/A
(8)
Ba3
1,146,998
Total
Independent
Power
Producers
&
Energy
Traders
1,146,998
Insurance
-
0.9%
2,835
AXIS
Specialty
Finance
LLC
4.900%
1/15/40
BBB
2,250,412
1,485
Enstar
Finance
LLC
5.500%
1/15/42
BBB-
1,071,024
1,000
Hanwha
Life
Insurance
Co
Ltd,
144A
3.379%
2/04/32
A-
888,005
1,500
Prudential
Financial
Inc
(5)
6.000%
9/01/52
BBB+
1,464,300
Total
Insurance
5,673,741
Media
-
0.3%
2,185
Paramount
Global
6.375%
3/30/62
Baa3
1,750,709
Total
Media
1,750,709
Multi-Utilities
-
0.3%
2,035
Sempra
Energy
4.875%
N/A
(8)
BBB-
1,922,424
Total
Multi-Utilities
1,922,424
Oil,
Gas
&
Consumable
Fuels
-
0.5%
2,235
Enbridge
Inc
5.750%
7/15/80
BBB-
2,014,908
1,400
Energy
Transfer
LP
6.500%
N/A
(8)
BB
1,225,000
Total
Oil,
Gas
&
Consumable
Fuels
3,239,908
Trading
Companies
&
Distributors
-
0.1%
825
AerCap
Global
Aviation
Trust,
144A
6.500%
6/15/45
Baa3
805,963
Total
Trading
Companies
&
Distributors
805,963
Total
$1,000
Par
(or
similar)
Institutional
Preferred
(cost
$59,312,422)
52,577,483
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
32
Principal
Amount
(000)
Description
(1),(9)
Coupon
Maturity
Ratings
(2)
Value
X
18,116,245
CONTINGENT
CAPITAL
SECURITIES
-
2.7%
X
18,116,245
Banks
-
2.5%
$
1,650
Banco
Bilbao
Vizcaya
Argentaria
SA
6.500%
N/A
(8)
Ba2
$
1,527,353
1,480
Banco
Mercantil
del
Norte
SA/Grand
Cayman,
144A
6.750%
N/A
(8)
Ba2
1,380,864
1,460
Banco
Santander
SA
4.750%
N/A
(8)
Ba1
1,129,675
1,375
Bancolombia
SA
4.625%
12/18/29
Ba3
1,144,687
1,250
Bangkok
Bank
PCL/Hong
Kong,
144A
5.000%
N/A
(8)
Ba1
1,171,323
1,000
Bank
Hapoalim
BM,
144A
,
Reg
S
3.255%
1/21/32
BBB
847,464
1,840
Barclays
PLC
8.000%
N/A
(8)
BBB-
1,596,200
1,500
BNP
Paribas
SA,
144A
9.250%
N/A
(8)
BBB
1,556,250
1,500
Lloyds
Banking
Group
PLC
7.500%
N/A
(8)
Baa3
1,443,375
2,000
Macquarie
Bank
Ltd/London,
144A
6.125%
N/A
(8)
BB+
1,722,155
1,700
Mizrahi
Tefahot
Bank
Ltd,
144A
,
Reg
S
3.077%
4/07/31
BBB
1,476,450
2,000
NatWest
Group
PLC
8.000%
N/A
(8)
BBB-
1,967,500
Total
Banks
16,963,296
Capital
Markets
-
0.2%
1,505
Deutsche
Bank
AG
6.000%
N/A
(8)
Ba2
1,152,949
Total
Capital
Markets
1,152,949
Total
Contingent
Capital
Securities
(cost
$21,081,036)
18,116,245
Principal
Amount
(000)
Description
(1)
Coupon
(10)
Reference
Rate
(10)
Spread
(10)
Maturity
(11)
Ratings
(2)
Value
X
17,866,685
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
2.7%
(10)
X
17,866,685
Beverages
-
0.0%
$
394
City
Brewing
Company,
LLC,
Term
Loan
8.760%
3-Month
LIBOR
3.500%
4/05/28
CCC
$
195,030
Total
Beverages
195,030
Building
Products
-
0.1%
421
Cornerstone
Building
Brands,
Inc.,
Term
Loan
B
8.409%
TSFR1M
3.250%
4/12/28
B
384,457
Total
Building
Products
384,457
Chemicals
-
0.2%
225
Ineos
US
Finance
LLC,
Term
Loan
B
8.753%
SOFR90A
3.500%
2/09/30
BB
223,407
973
Messer
Industries
GmbH,
Term
Loan
7.660%
SOFR90A
2.500%
3/01/26
BB-
971,240
69
W.R.
Grace
&
Co.-Conn.,
Term
Loan
B
8.938%
3-Month
LIBOR
3.750%
9/22/28
BB+
68,498
Total
Chemicals
1,263,145
Commercial
Services
&
Supplies
-
0.0%
244
GFL
Environmental
Inc.,
Term
Loan
8.145%
SOFR30A
3.000%
5/30/25
BB-
244,312
Total
Commercial
Services
&
Supplies
244,312
Containers
&
Packaging
-
0.1%
490
Plaze,
Inc.,
Term
Loan
B
8.768%
SOFR30A
3.500%
8/03/26
B
448,847
203
Reynolds
Group
Holdings
Inc.
,
Term
Loan
B2
8.518%
SOFR30A
3.250%
2/05/26
B+
202,034
Total
Containers
&
Packaging
650,881
33
Principal
Amount
(000)
Description
(1)
Coupon
(10)
Reference
Rate
(10)
Spread
(10)
Maturity
(11)
Ratings
(2)
Value
Diversified
Telecommunication
Services
-
0.0%
$
171
Cablevision
Lightpath
LLC,
Term
Loan
B
8.357%
1-Month
LIBOR
3.250%
12/01/27
B1
$
164,781
156
Zayo
Group
Holdings,
Inc.,
Term
Loan
8.154%
1-Month
LIBOR
3.000%
3/09/27
B-
120,368
Total
Diversified
Telecommunication
Services
285,149
Electronic
Equipment,
Instruments
&
Components
-
0.1%
393
Ingram
Micro
Inc.,
Term
Loan
B
8.659%
3-Month
LIBOR
3.500%
7/02/28
BB+
379,147
Total
Electronic
Equipment,
Instruments
&
Components
379,147
Health
Care
Equipment
&
Supplies
-
0.5%
1,985
Bausch
&
Lomb,
Inc.,
Term
Loan
8.457%
SOFR90A
3.250%
5/05/27
BB-
1,923,277
465
CNT
Holdings
I
Corp,
Term
Loan
8.459%
SOFR90A
3.500%
11/08/27
B
453,911
593
Medline
Borrower,
LP,
Term
Loan
B
8.404%
1-Month
LIBOR
3.250%
10/21/28
BB-
575,186
Total
Health
Care
Equipment
&
Supplies
2,952,374
Health
Care
Providers
&
Services
-
0.4%
990
Parexel
International
Corporation,
Term
Loan,
First
Lien
8.404%
1-Month
LIBOR
3.250%
11/15/28
B1
959,008
1,483
Select
Medical
Corporation,
Term
Loan
B
7.654%
1-Month
LIBOR
2.500%
3/06/25
Ba2
1,478,053
Total
Health
Care
Providers
&
Services
2,437,061
Hotels,
Restaurants
&
Leisure
-
0.1%
490
IRB
Holding
Corp,
Term
Loan
B
8.253%
TSFR1M
3.000%
12/15/27
B+
476,356
Total
Hotels,
Restaurants
&
Leisure
476,356
Household
Durables
-
0.1%
441
Weber-Stephen
Products
LLC,
Term
Loan
B
8.350%
SOFR30A
3.250%
10/30/27
CCC+
386,857
Total
Household
Durables
386,857
Media
-
0.1%
908
DirecTV
Financing,
LLC,
Term
Loan
10.154%
1-Month
LIBOR
5.000%
8/02/27
BBB-
864,400
Total
Media
864,400
Passenger
Airlines
-
0.3%
297
Mileage
Plus
Holdings
LLC,
Term
Loan
B
10.213%
3-Month
LIBOR
5.250%
6/20/27
Baa3
308,516
158
SkyMiles
IP
Ltd.,
Term
Loan
B
8.798%
SOFR90A
3.750%
10/20/27
Baa1
163,319
1,470
United
Airlines,
Inc.,
Term
Loan
B
8.888%
1-Month
LIBOR
3.750%
4/21/28
Ba1
1,464,892
Total
Passenger
Airlines
1,936,727
Pharmaceuticals
-
0.3%
973
Jazz
Financing
Lux
S.a.r.l.,
Term
Loan
8.654%
1-Month
LIBOR
3.500%
5/05/28
BB+
972,085
1,273
Organon
&
Co,
Term
Loan
7.986%
3-Month
LIBOR
3.000%
6/02/28
BB
1,270,592
Total
Pharmaceuticals
2,242,677
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
34
Principal
Amount
(000)
Description
(1)
Coupon
(10)
Reference
Rate
(10)
Spread
(10)
Maturity
(11)
Ratings
(2)
Value
Semiconductors
&
Semiconductor
Equipment
-
0.1%
$
736
Ultra
Clean
Holdings,
Inc,
Term
Loan
B
8.904%
1-Month
LIBOR
3.750%
8/27/25
B1
$
736,999
Total
Semiconductors
&
Semiconductor
Equipment
736,999
Software
-
0.1%
266
Camelot
U.S.
Acquisition
LLC,
Term
Loan
B
8.154%
1-Month
LIBOR
3.000%
10/31/26
B+
262,571
490
IGT
Holding
IV
AB,
Term
Loan
B2
8.462%
SOFR90A
3.400%
3/29/28
B
485,509
122
Ultimate
Software
Group
Inc
(The),
Term
Loan
8.271%
SOFR90A
3.250%
5/03/26
B1
117,575
Total
Software
865,655
Specialty
Retail
-
0.2%
522
Les
Schwab
Tire
Centers,
Term
Loan
B
8.284%
1-Month
LIBOR
3.250%
11/02/27
B
513,131
83
LS
Group
OpCo
Acquisition
LLC,
Term
Loan,
Term
Loan
,
(WI/DD)
TBD
TBD
TBD
TBD
N/R
81,617
982
PetSmart,
Inc.,
Term
Loan
B
9.003%
SOFR30A
3.750%
2/12/28
BB
970,710
Total
Specialty
Retail
1,565,458
Total
Variable
Rate
Senior
Loan
Interests
(cost
$18,328,558)
17,866,685
Shares  
Description
(1)
Coupon
Ratings
(2)
Value
X
2,213,562
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
-
0.3%
X
2,213,562
Capital
Markets
-
0.1%
28,850
Morgan
Stanley
6.500%
BBB
$
753,562
Total
Capital
Markets
753,562
35
Investments
in
Derivatives
Shares  
Description
(1)
Coupon
Ratings
(2)
Value
Financial
Services
-
0.2%
14,600
AgriBank
FCB
6.875%
BBB+
$
1,460,000
Total
Financial
Services
1,460,000
Total
$25
Par
(or
similar)
Retail
Preferred
(cost
$2,181,250)
2,213,562
Total
Long-Term
Investments
(cost
$705,440,086)
636,058,202
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
  1.2%
X
7,764,596
MONEY
MARKET
FUNDS
-
1.2%
X
7,764,596
7,764,596
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(12)
5.110%(13)
$
7,764,596
Total
Money
Market
Funds
(cost
$7,764,596)
$
7,764,596
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$7,764,596)
7,764,596
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
 3.0%  
19,613,145
REPURCHASE
AGREEMENTS
-
3.0%
X
19,613,145
$
1,581
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
5/31/23,
repurchase
price
$1,581,212
collateralized
by
$1,851,900,
U.S.
Treasury
Notes,
1.000%,
due
7/31/28,
value
$1,612,807
1.520%
6/01/23
$
1,581,145
18,032
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
5/31/23,
repurchase
price
$18,034,509
collateralized
by
$19,603,300,
U.S.
Treasury
Notes,
2.875%,
due
5/15/32,
value
$18,392,643
5.010%
6/01/23
18,032,000
Total
Repurchase
Agreements
(cost
$19,613,145)
19,613,145
Total
Short-Term
Investments
(cost
$19,613,145)
19,613,145
Total
Investments
(cost
$732,817,827
)
-
100.6%
663,435,943
Other
Assets
&
Liabilities,
Net
-  (0.6)%(14)
(3,784,026)
Net
Assets
-
100%
$
659,651,917
Futures
Contracts
-
Long
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
U.S.
Treasury
Long
Bond
350
9/23
$
44,476,295
$
44,920,313
$
444,018
U.S.
Treasury
Ultra
10-Year
Note
50
9/23
5,998,508
6,022,656
24,148
U.S.
Treasury
Ultra
Bond
325
9/23
43,916,068
44,484,375
568,307
Total
$94,390,871
$95,427,344
$1,036,473
Futures
Contracts
-
Short
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
3-Month
SOFR
(20)
12/23
$
(4,739,512)
$
(4,741,500)
$
(1,988)
3-Month
SOFR
(20)
3/24
(4,754,912)
(4,757,750)
(2,838)
3-Month
SOFR
(20)
6/24
(4,776,825)
(4,781,000)
(4,175)
3-Month
SOFR
(20)
9/24
(4,799,262)
(4,804,750)
(5,488)
3-Month
SOFR
(20)
12/24
(4,817,887)
(4,824,250)
(6,363)
3-Month
SOFR
(20)
3/25
(4,831,387)
(4,837,750)
(6,363)
3-Month
SOFR
(20)
6/25
(4,839,225)
(4,845,250)
(6,025)
Nuveen
Strategic
Income
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
36
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:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
3-Month
SOFR
(20)
9/25
$
(4,842,125)
$
(4,848,000)
$
(5,875)
U.S.
Treasury
2-Year
Note
(50)
9/23
(10,309,279)
(10,291,406)
17,873
U.S.
Treasury
5-Year
Note
(50)
9/23
(5,454,200)
(5,453,906)
294
Total
$(54,164,614)
$(54,185,562)
$(20,948)
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Asset-Backed
and
Mortgage-Backed
Securities
$
–
$
308,877,990
$
–
$
308,877,990
Corporate
Bonds
–
181,283,206
–
181,283,206
Sovereign
Debt
–
55,123,031
–
55,123,031
$1,000
Par
(or
similar)
Institutional
Preferred
–
52,577,483
–
52,577,483
Contingent
Capital
Securities
–
18,116,245
–
18,116,245
Variable
Rate
Senior
Loan
Interests
–
17,866,685
–
17,866,685
$25
Par
(or
similar)
Retail
Preferred
753,562
1,460,000
–
2,213,562
Investments
Purchased
with
Collateral
from
Securities
Lending
7,764,596
–
–
7,764,596
Short-Term
Investments:
Repurchase
Agreements
–
19,613,145
–
19,613,145
Investments
in
Derivatives:
Futures
Contracts*
1,015,525
–
–
1,015,525
Total
$
9,533,683
$
654,917,785
$
–
$
664,451,468
*
Represents
net
unrealized
appreciation
(depreciation)
as
reported
in
Fund's
Portfolio
of
Investments.
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
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.
(3)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(4)
Principal
Amount
(000)
rounds
to
less
than
$1,000.
(5)
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
$7,431,992.
37
(6)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(7)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(8)
Perpetual
security.
Maturity
date
is
not
applicable.
(9)
Contingent
Capital
Securities
(“CoCos”)
are
hybrid
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer.
For
example,
the
terms
may
specify
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
(10)
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.
(11)
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.
(12)
The
Fund
may
loan
securities
representing
up
to
one
third
of
the
market
value
of
its
total
assets
(which
includes
collateral
for
securities
on
loan)
to
broker
dealers,
banks,
and
other
institutions.
The
collateral
maintained
by
the
Fund
shall
have
a
market
value,
at
the
inception
of
each
loan,
equal
to
not
less
than
100%
of
the
market
value
of
the
loaned
securities.
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.
DOP
Dominican
Peso
I/O
Interest
only
security
LIBOR
London
Inter-Bank
Offered
Rate
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
SOFR
Secured
Overnight
Financing
Rate
SOFR
30A
30
Day
Average
Secured
Overnight
Financing
Rate
SOFR
90A
90
Day
Average
Secured
Overnight
Financing
Rate
TBD
Senior
loan
purchased
on
a
when-issued
or
delayed-delivery
basis.
Certain
details
associated
with
this
purchase
are
not
known
prior
to
the
settlement
date
of
the
transaction.
In
addition,
senior
loans
typically
trade
without
accrued
interest
and
therefore
a
coupon
rate
is
not
available
prior
to
settlement.
At
settlement,
if
still
unknown,
the
borrower
or
counterparty
will
provide
the
Fund
with
the
final
coupon
rate
and
maturity
date.
TSFR
1M
CME
Term
SOFR
1
Month
TSFR
3M
CME
Term
SOFR
3
Month
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.