Nuveen Investment Trust Iii NCSR Certified annual shareholder report (management investment company)

Nuveen Investment Trust Iii N-CSRCertified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-09037

Nuveen Investment Trust III

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Mark J. Czarniecki

Vice President and Secretary

901 Marquette Avenue

Minneapolis, Minnesota 55402

(Name and address of agent for service)

Registrant’s telephone number, including area code: (312) 917‑7700

Date of fiscal year end: August 31

Date of reporting period: August 31, 2024

Item 1.

Reports to Stockholders.


		Annual Shareholder Report August 31, 2024

Nuveen Floating Rate Income Fund

Class A Shares/NFRAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen Floating Rate Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class A Shares	$104	0.99%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen Floating Rate Income Fund returned 10.51% for Class A Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund outperformed the Credit Suisse Leveraged Loan Index, which returned 9.81%. • Top contributors to relative performance » Security selection within the loan allocation, particularly in the information technology and health care sectors. » Out‑of‑benchmark allocation to equities received from reorganizations, including equity received from the restructuring of QuarterNorth Energy Holding Inc. (formerly known as Fieldwood Energy Inc.), and Vistra Vision (formerly known as Energy Harbor). • Top detractors from relative performance » Higher credit quality positioning within the loan allocation, including an underweight to CCC‑rated loans.		Performance Attribution Information technology and health care Equities received from reorganizations Higher credit quality within loan allocation


		1		continued>>

How did the Fund perform over the last 10 years?

Performance data shown represents past performance and does not predict or guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund Shares.

Fund Performance (September 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			10‑Year

Class A Shares at NAV (excluding maximum sales charge)		10.51	%		5.15	%		4.02	%

Class A Shares at maximum sales charge (Offering Price)		7.19	%		4.51	%		3.70	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.64	%

Credit Suisse Leveraged Loan Index		9.81	%		5.54	%		4.72	%

Lipper Loan Participation Funds Classification Average		8.96	%		4.34	%		3.65	%

Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month‑end performance, go to https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or call (800) 257‑8787.


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	1,522,472,754

Total number of portfolio holdings		387

Portfolio turnover (%)		24%

Total management fees paid for the year	$	8,936,608

What did the Fund invest in? (as of August 31, 2024)

⁽¹⁾ The ratings disclosed are the highest rating given by one of the following national rating agencies: Standard & Poor’s (S&P), Moody’s Investors Service, Inc. (Moody’s) or Fitch, Inc (Fitch). This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national ratings agencies.

How has the Fund changed?

•

Management fees: As of May 1, 2024, the Fund’s overall complex-level fee begins at a maximum rate of 0.1600% of the Fund’s average daily net assets, with breakpoints for eligible complex-level assets above $124.3 billion.

For more complete information, you may review the Fund’s next prospectus, which is expected to be available by December 30, 2024 at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or upon request at (800) 257‑8787.

Changes in independent registered public accounting firm

On October 24, 2024, the Fund’s Board of Trustees engaged PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Fund and dismissed KPMG LLP (“KPMG”) as the independent registered public accounting firm for the Fund subject to the completion of the August 31, 2024 fiscal year end audit. During the Fund’s fiscal years ended August 31, 2024 and August 31, 2023, and the subsequent interim period through October 29, 2024, there have been no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures.


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D713_AR_0824 3855754-INV-Y-10/25 (A, C, R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen Floating Rate Income Fund

Class C Shares/NFFCX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen Floating Rate Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class C Shares	$182	1.74%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen Floating Rate Income Fund returned 9.69% for Class C Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund performed in line with the Credit Suisse Leveraged Loan Index, which returned 9.81%. • Top contributors to relative performance » Security selection within the loan allocation, particularly in the information technology and health care sectors. » Out‑of‑benchmark allocation to equities received from reorganizations, including equity received from the restructuring of QuarterNorth Energy Holding Inc. (formerly known as Fieldwood Energy Inc.), and Vistra Vision (formerly known as Energy Harbor). • Top detractors from relative performance » Higher credit quality positioning within the loan allocation, including an underweight to CCC‑rated loans.		Performance Attribution Information technology and health care Equities received from reorganizations Higher credit quality within loan allocation


		1		continued>>

How did the Fund perform over the last 10 years?

Fund Performance (September 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			10‑Year

Class C Shares at NAV (excluding maximum sales charge)		9.69	%		4.37	%		3.39	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.64	%

Credit Suisse Leveraged Loan Index		9.81	%		5.54	%		4.72	%

Lipper Loan Participation Funds Classification Average		8.96	%		4.34	%		3.65	%

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	1,522,472,754

Total number of portfolio holdings		387

Portfolio turnover (%)		24%

Total management fees paid for the year	$	8,936,608

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D697_AR_0824 3855754-INV-Y-10/25 (A, C , R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen Floating Rate Income Fund

Class R6 Shares/NFRFX

Annual Shareholder Report

This annual shareholder report contains important information about the Class R6 Shares of the Nuveen Floating Rate Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class R6 Shares	$71	0.67%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen Floating Rate Income Fund returned 10.79% for Class R6 Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund outperformed the Credit Suisse Leveraged Loan Index, which returned 9.81%. • Top contributors to relative performance » Security selection within the loan allocation, particularly in the information technology and health care sectors. » Out‑of‑benchmark allocation to equities received from reorganizations, including equity received from the restructuring of QuarterNorth Energy Holding Inc. (formerly known as Fieldwood Energy Inc.), and Vistra Vision (formerly known as Energy Harbor). • Top detractors from relative performance » Higher credit quality positioning within the loan allocation, including an underweight to CCC‑rated loans.		Performance Attribution Information technology and health care Equities received from reorganizations Higher credit quality within loan allocation


		1		continued>>

How did the Fund perform over the period since inception?

Fund Performance (January 28, 2015 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			Since Inception (1/28/15)

Class R6 Shares at NAV		10.79	%		5.48	%		4.63	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.40	%

Credit Suisse Leveraged Loan Index		9.81	%		5.54	%		5.00	%

Lipper Loan Participation Funds Classification Average		8.96	%		4.34	%		3.95	%


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	1,522,472,754

Total number of portfolio holdings		387

Portfolio turnover (%)		24%

Total management fees paid for the year	$	8,936,608

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D556_AR_0824 3855754-INV-Y-10/25 (A, C, R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen Floating Rate Income Fund

Class I Shares/NFRIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen Floating Rate Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class I Shares	$78	0.74%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen Floating Rate Income Fund returned 10.79% for Class I Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund outperformed the Credit Suisse Leveraged Loan Index, which returned 9.81%. • Top contributors to relative performance » Security selection within the loan allocation, particularly in the information technology and health care sectors. » Out‑of‑benchmark allocation to equities received from reorganizations, including equity received from the restructuring of QuarterNorth Energy Holding Inc. (formerly known as Fieldwood Energy Inc.), and Vistra Vision (formerly known as Energy Harbor). • Top detractors from relative performance » Higher credit quality positioning within the loan allocation, including an underweight to CCC‑rated loans.		Performance Attribution Information technology and health care Equities received from reorganizations Higher credit quality within loan allocation


		1		continued>>

How did the Fund perform over the last 10 years?

Fund Performance (September 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			10‑Year

Class I Shares at NAV		10.79	%		5.41	%		4.28	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.64	%

Credit Suisse Leveraged Loan Index		9.81	%		5.54	%		4.72	%

Lipper Loan Participation Funds Classification Average		8.96	%		4.34	%		3.65	%


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	1,522,472,754

Total number of portfolio holdings		387

Portfolio turnover (%)		24%

Total management fees paid for the year	$	8,936,608

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D689_AR_0824 3855754-INV-Y-10/25 (A, C, R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen High Yield Income Fund

Class A Shares/NCOAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen High Yield Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class A Shares	$107	1.01%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen High Yield Income Fund returned 12.81% for Class A Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund outperformed the ICE BofA US High Yield Index, which returned 12.48%. • Top contributors to relative performance » Security selection within the bond allocation, particularly in the telecommunication services and health care equipment and services industries. » Out‑of‑benchmark allocation to equities received from reorganizations. • Top detractors from relative performance » Out‑of‑benchmark allocation to senior loans.		Performance Attribution Telecom and health care equipment and services Equities received from reorganizations Senior loans


		1		continued>>

How did the Fund perform over the last 10 years?

Fund Performance (September 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			10‑Year

Class A Shares at NAV (excluding maximum sales charge)		12.81	%		3.52	%		3.77	%

Class A Shares at maximum sales charge (Offering Price)		7.45	%		2.52	%		3.27	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.64	%

ICE BofA U.S. High Yield Index		12.48	%		4.27	%		4.56	%

Lipper High Yield Funds Classification Average		11.57	%		3.92	%		3.83	%


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	661,779,022

Total number of portfolio holdings		229

Portfolio turnover (%)		181%

Total management fees paid for the year	$	3,423,049

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Portfolio manager update: Effective December 29, 2023, Kristal Seales, CFA, was added as a portfolio manager of the Fund.

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D754_AR_0824 3855762-INV-Y-10/25 (A, C, R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen High Yield Income Fund

Class C Shares/NCFCX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen High Yield Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class C Shares	$187	1.76%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen High Yield Income Fund returned 11.96% for Class C Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund underperformed the ICE BofA US High Yield Index, which returned 12.48%. • Top contributors to relative performance » Security selection within the bond allocation, particularly in the telecommunication services and health care equipment and services industries. » Out‑of‑benchmark allocation to equities received from reorganizations. • Top detractors from relative performance » Out‑of‑benchmark allocation to senior loans.		Performance Attribution Telecom and health care equipment and services Equities received from reorganizations Senior loans


		1		continued>>

How did the Fund perform over the last 10 years?

Fund Performance (September 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			10‑Year

Class C Shares at NAV (excluding maximum sales charge)		11.96	%		2.76	%		3.16	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.64	%

ICE BofA U.S. High Yield Index		12.48	%		4.27	%		4.56	%

Lipper High Yield Funds Classification Average		11.57	%		3.92	%		3.83	%

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	661,779,022

Total number of portfolio holdings		229

Portfolio turnover (%)		181%

Total management fees paid for the year	$	3,423,049

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Portfolio manager update: Effective December 29, 2023, Kristal Seales, CFA, was added as a portfolio manager of the Fund.

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D747_AR_0824 3855762-INV-Y-10/25 (A, C, R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen High Yield Income Fund

Class R6 Shares/NCSRX

Annual Shareholder Report

This annual shareholder report contains important information about the Class R6 Shares of the Nuveen High Yield Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class R6 Shares	$66	0.62%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen High Yield Income Fund returned 13.26% for Class R6 Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund outperformed the ICE BofA US High Yield Index, which returned 12.48%. • Top contributors to relative performance » Security selection within the bond allocation, particularly in the telecommunication services and health care equipment and services industries. » Out‑of‑benchmark allocation to equities received from reorganizations. • Top detractors from relative performance » Out‑of‑benchmark allocation to senior loans.		Performance Attribution Telecom and health care equipment and services Equities received from reorganizations Senior loans


		1		continued>>

How did the Fund perform over the period since inception?

Fund Performance (October 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			Since Inception (10/1/14)

Class R6 Shares at NAV		13.26	%		3.91	%		4.41	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.67	%

ICE BofA U.S. High Yield Index		12.48	%		4.27	%		4.81	%

Lipper High Yield Funds Classification Average		11.57	%		3.92	%		4.08	%


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	661,779,022

Total number of portfolio holdings		229

Portfolio turnover (%)		181%

Total management fees paid for the year	$	3,423,049

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Portfolio manager update: Effective December 29, 2023, Kristal Seales, CFA, was added as a portfolio manager of the Fund.

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D564_AR_0824 3855762-INV-Y-10/25 (A, C, R6, I)


		4


		Annual Shareholder Report August 31, 2024

Nuveen High Yield Income Fund

Class I Shares/NCOIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen High Yield Income Fund for the period of September 1, 2023 to August 31, 2024. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class I Shares	$81	0.76%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?



Performance Highlights • The Nuveen High Yield Income Fund returned 13.14% for Class I Shares at net asset value (NAV) for the 12 months ended August 31, 2024. The Fund outperformed the ICE BofA US High Yield Index, which returned 12.48%. • Top contributors to relative performance » Security selection within the bond allocation, particularly in the telecommunication services and health care equipment and services industries. » Out‑of‑benchmark allocation to equities received from reorganizations. • Top detractors from relative performance » Out‑of‑benchmark allocation to senior loans.		Performance Attribution Telecom and health care equipment and services Equities received from reorganizations Senior loans


		1		continued>>

How did the Fund perform over the last 10 years?

Fund Performance (September 1, 2014 through August 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1‑Year			5‑Year			10‑Year

Class I Shares at NAV		13.14	%		3.79	%		4.04	%

Bloomberg U.S. Aggregate Bond Index		7.30	%		(0.04	)%		1.64	%

ICE BofA U.S. High Yield Index		12.48	%		4.27	%		4.56	%

Lipper High Yield Funds Classification Average		11.57	%		3.92	%		3.83	%


		2		continued>>

Fund Statistics (as of August 31, 2024)



Fund net assets	$	661,779,022

Total number of portfolio holdings		229

Portfolio turnover (%)		181%

Total management fees paid for the year	$	3,423,049

What did the Fund invest in? (as of August 31, 2024)

How has the Fund changed?

•

Portfolio manager update: Effective December 29, 2023, Kristal Seales, CFA, was added as a portfolio manager of the Fund.

Changes in independent registered public accounting firm


		3		continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

•

prospectus • financial statements and other information • fund holdings • proxy voting information

You can also request this information at (800) 257‑8787.


67066D739_AR_0824 3855762-INV-Y-10/25 (A, C, R6, I)


		4

Item 2.

Code of Ethics.

As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. Upon request, a copy of the registrant’s code of ethics is available without charge by calling 800-257-8787.

Item 3.

Audit Committee Financial Expert.

As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) had determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The members of the registrant’s audit committee that have been designated as audit committee financial experts are Joseph A. Boateng, Albin F. Moschner, John K. Nelson, Loren M. Starr and Robert L. Young, who are “independent” for purposes of Item 3 of Form N-CSR.

Mr. Boateng has served as the Chief Investment Officer for Casey Family Programs since 2007. He was previously Director of U.S. Pension Plans for Johnson & Johnson from 2002-2006. Mr. Boateng is a board member of the Lumina Foundation and Waterside School, an emeritus board member of Year Up Puget Sound, member of the Investment Advisory Committee and former Chair for the Seattle City Employees’ Retirement System, and an Investment Committee Member for The Seattle Foundation. Mr. Boateng previously served on the Board of Trustees for the College Retirement Equities Fund (2018-2023) and on the Management Committee for TIAA Separate Account VA-1 (2019-2023).

Mr. Moschner is a consultant in the wireless industry and, in July 2012, founded Northcroft Partners, LLC, a management consulting firm that provides operational, management and governance solutions. Prior to founding Northcroft Partners, LLC, Mr. Moschner held various positions at Leap Wireless International, Inc., a provider of wireless services, where he was as a consultant from February 2011 to July 2012, Chief Operating Officer from July 2008 to February 2011, and Chief Marketing Officer from August 2004 to June 2008. Before he joined Leap Wireless International, Inc., Mr. Moschner was President of the Verizon Card Services division of Verizon Communications, Inc. from 2000 to 2003, and President of One Point Services at One Point Communications from 1999 to 2000. Mr. Moschner also served at Zenith Electronics Corporation as Director, President and Chief Executive Officer from 1995 to 1996, and as Director, President and Chief Operating Officer from 1994 to 1995.

Mr. Nelson formerly served on the Board of Directors of Core12, LLC from 2008 to 2023, a private firm which develops branding, marketing, and communications strategies for clients. Mr. Nelson has extensive experience in global banking and markets, having served in several senior executive positions with ABN AMRO Holdings N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as Global Head of its Financial Markets Division, which encompassed the bank’s Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the United States and during his tenure with ABN AMRO served as the bank’s representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr. Nelson previously served as a senior, external advisor to the financial services practice of Deloitte Consulting LLP. (2012-2014).

Mr. Starr was Vice Chair, Senior Managing Director from 2020 to 2021, and Chief Financial Officer, Senior Managing Director from 2005 to 2020, for Invesco Ltd. Mr. Starr is also a Director and member of the Audit Committee for AMG. He is former Chair and member of the Board of Directors, Georgia Leadership Institute for School Improvement (GLISI); former Chair and member of the Board of Trustees, Georgia Council on Economic Education (GCEE). Mr. Starr previously served on the Board of Trustees for the College Retirement Equities Fund and on the Management Committee for TIAA Separate Account VA-1 (2022-2023).

Mr. Young has more than 30 years of experience in the investment management industry. From 1997 to 2017, he held various positions with J.P. Morgan Investment Management Inc. (“J.P. Morgan Investment”) and its affiliates (collectively, “J.P. Morgan”). Most recently, he served as Chief Operating Officer and Director of J.P. Morgan Investment (from 2010 to 2016) and as President and Principal Executive Officer of the J.P. Morgan Funds (from 2013 to 2016). As Chief Operating Officer of J.P. Morgan Investment, Mr. Young led service, administration and business platform support activities for J.P. Morgan’s domestic retail mutual fund and institutional commingled and separate account businesses and co-led these activities for J.P. Morgan’s global retail and institutional

investment management businesses. As President of the J.P. Morgan Funds, Mr. Young interacted with various service providers to these funds, facilitated the relationship between such funds and their boards, and was directly involved in establishing board agendas, addressing regulatory matters, and establishing policies and procedures. Before joining J.P. Morgan, Mr. Young, a former Certified Public Accountant (CPA), was a Senior Manager (Audit) with Deloitte & Touche LLP (formerly, Touche Ross LLP), where he was employed from 1985 to 1996. During his tenure there, he actively participated in creating, and ultimately led, the firm’s midwestern mutual fund practice.

Item 4.

Principal Accountant Fees and Services.

The following tables show the amount of fees that KPMG LLP, the Funds’ auditor, billed to the Funds during the Funds’ last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that KPMG LLP provided to the Funds, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The pre-approval exception for services provided directly to the Funds waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.

The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in his absence, any other member of the Audit Committee).


Fiscal Year Ended August 31, 2024	Audit Fees Billed to Funds¹		Audit-Related Fees Billed to Funds²		Tax Fees Billed to Funds³		All Other Fees Billed to Funds⁴
Nuveen High Yield Income Fund		$41,800		$0		$0		$0

Nuveen Floating Rate Income Fund		$41,800		$0		$0		$0

Total		$83,600		$0		$0		$0

1	“Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements.

2	“Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage.

“Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant.

4	“All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage.


		Percentage Approved Pursuant to Pre-approval Exception
Fiscal Year Ended August 31, 2024	Audit Fees Billed to Funds			Audit-Related Fees Billed to Funds			Tax Fees Billed to Funds			All Other Fees Billed to Funds
Nuveen High Yield Income Fund		0	%		0	%		0	%		0	%

Nuveen Floating Rate Income Fund		0	%		0	%		0	%		0	%


Fiscal Year Ended August 31, 2023	Audit Fees Billed to Funds¹		Audit-Related Fees Billed to Funds²		Tax Fees Billed to Funds³		All Other Fees Billed to Funds⁴
Nuveen High Yield Income Fund		$44,302		$0		$1,755		$0

Nuveen Floating Rate Income Fund		$49,120		$0		$1,667		$0

Total		$93,422		$0		$3,422		$0

1	“Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements.

2	“Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage.

4	“All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage.


		Percentage Approved Pursuant to Pre-approval Exception
Fiscal Year Ended August 31, 2023	Audit Fees Billed to Funds		Audit-Related Fees Billed to Funds		Tax Fees Billed to Funds		All Other Fees Billed to Funds
Nuveen High Yield Income Fund		0%		0%		0%		0%

Nuveen Floating Rate Income Fund		0%		0%		0%		0%


Fiscal Year Ended August 31, 2024	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers		Tax Fees Billed to Adviser and Affiliated Fund Service Providers		All Other Fees Billed to Adviser and Affiliated Fund Service Providers
Nuveen Investment Trust III		$0		$0		$0

		Percentage Approved Pursuant to Pre-approval Exception
	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers		Tax Fees Billed to Adviser and Affiliated Fund Service Providers		All Other Fees Billed to Adviser and Affiliated Fund Service Providers
		0%		0%		0%


Fiscal Year Ended August 31, 2023	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers		Tax Fees Billed to Adviser and Affiliated Fund Service Providers		All Other Fees Billed to Adviser and Affiliated Fund Service Providers
Nuveen Investment Trust III		$0		$0		$0

		Percentage Approved Pursuant to Pre-approval Exception
	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers		Tax Fees Billed to Adviser and Affiliated Fund Service Providers		All Other Fees Billed to Adviser and Affiliated Fund Service Providers
		0%		0%		0%


Fiscal Year Ended August 31, 2024	Total Non-Audit Fees Billed to Fund		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust)		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (all other engagements)		Total
Nuveen High Yield Income Fund		$0		$0		$0		$0

Nuveen Floating Rate Income Fund		$0		$0		$0		$0

Total		$0		$0		$0		$0

“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.

Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.


Fiscal Year Ended August 31, 2023	Total Non-Audit Fees Billed to Fund		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust)		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (all other engagements)		Total
Nuveen High Yield Income Fund		$1,755		$0		$0		$1,755

Nuveen Floating Rate Income Fund		$1,667		$0		$0		$1,667


Total		$3,422		$0		$0		$3,422

“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.

Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Funds by the Funds’ independent accountant and (ii) all audit and non-audit services to be performed by the Funds’ independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for his verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.

Item 4(i) and Item 4(j) are not applicable to the registrant.

Item 5.

Audit Committee of Listed Registrants.

Not applicable to this registrant.

Item 6.

Investments.

(a)	Schedule of Investments is included as part of the financial statements filed under Item 7 of this Form N-CSR.

(b)	Not applicable.

Item 7.

Financial Statements and Financial Highlights for Open-End Management Investment Companies.

Item

Financial

Statements

and

Financial

Highlights

for

Open-End

Management

Investment

Companies

Report

Independent

Registered

Public

Accounting

Firm

the

Shareholders

and

Board

Directors/Trustees

Nuveen

Investment

Funds,

Inc.,

Nuveen

Investment

Trust

III,

and

Nuveen

Investment

Trust

Opinion

the

Financial

Statements

have

audited

the

accompanying

statements

assets

and

liabilities

the

Funds

listed

Appendix

(the

Funds),

including

the

portfolios

investments,

August 31, 2024,

the

statements

operations

and

changes

net

assets

for

the

Funds

and

periods

listed

Appendix

and

the

notes

(collectively,

the

financial

statements)

and

the

financial

highlights

for

the

Funds

and

periods

listed

Appendix

our

opinion,

the

financial

statements

and

financial

highlights

present

fairly,

all

material

respects,

the

financial

position

the

Funds

August 31, 2024,

the

results

their

operations

and

the

changes

their

net

assets

for

the

Funds

and

periods

listed

Appendix

and

the

financial

highlights

for

the

Funds

and

periods

listed

Appendix

conformity

with

U.S. generally

accepted

accounting

principles.

The

financial

statements

and

financial

highlights

Nuveen

Credit

Income

Fund

and

Nuveen

Strategic

Income

Fund

for

the

periods

ended

June

30,

2022

and

prior

were

audited

other

auditors,

whose

report

dated

August

26,

2022

expressed

unqualified

opinion

those

financial

statements

and

financial

highlights.

Basis

for

Opinion

These

financial

statements

and

financial

highlights

are

the

responsibility

the

Funds'

management.

Our

responsibility

express

opinion

these

financial

statements

and

financial

highlights

based

our

audits.

are

public

accounting

firm

registered

with

the

Public

Company

Accounting

Oversight

Board

(United

States)

(PCAOB)

and

are

required

independent

with

respect

the

Funds

accordance

with

the

U.S.

federal

securities

laws

and

the

applicable

rules

and

regulations

the

Securities

and

Exchange

Commission

and

the

PCAOB.

conducted

our

audits

accordance

with

the

standards

the

PCAOB.

Those

standards

require

that

plan

and

perform

the

audit

obtain

reasonable

assurance

about

whether

the

financial

statements

and

financial

highlights

are

free

material

misstatement,

whether

due

error

fraud.

Our

audits

included

performing

procedures

assess

the

risks

material

misstatement

the

financial

statements

and

financial

highlights,

whether

due

error

fraud,

and

performing

procedures

that

respond

those

risks.

Such

procedures

included

examining,

test

basis,

evidence

regarding

the

amounts

and

disclosures

the

financial

statements

and

financial

highlights.

Such

procedures

also

included

confirmation

securities

owned

August 31, 2024,

correspondence

with

custodians

and

brokers;

when

replies

were

not

received

from

brokers,

performed

other

auditing

procedures.

Our

audits

also

included

evaluating

the

accounting

principles

used

and

significant

estimates

made

management,

well

evaluating

the

overall

presentation

the

financial

statements

and

financial

highlights.

believe

that

our

audits

provide

reasonable

basis

for

our

opinion.

/s/

KPMG

LLP

have

served

the

auditor

one

Nuveen

investment

companies

since

2014.

Chicago,

Illinois

October

29,

2024

Appendix

Nuveen

Investment

Funds,

Inc.

For

the

year

ended

August

31,

2024

(statements

operations);

each

the

years

the

two-year

period

ended

August

31,

2024

(statements

changes

net

assets);

each

the

years

the

two-year

period

ended

August

31,

2024,

the

two-month

period

ended

August

31,

2022,

and

for

each

the

years

the

three-year

period

ended

June

30,

2022*

(financial

highlights):

Nuveen

Credit

Income

Fund

Nuveen

Strategic

Income

Fund

The

financial

highlights

Nuveen

Credit

Income

Fund

and

Nuveen

Strategic

Income

Fund

for

the

periods

ended

June

30,

2022

and

prior

were

audited

other

auditors

whose

report

dated

August

26,

2022

expressed

unqualified

opinion

those

financial

statements

and

financial

highlights.

Nuveen

Investment

Trust

Ill

For

the

year

ended

August

31,

2024

(statements

operations);

each

the

years

the

two-year

period

ended

August

31,

2024

(statements

changes

net

assets);

each

the

years

the

two-year

period

ended

August

31,

2024,

the

eleven-month

period

ended

August

31,

2022

and

each

the

years

the

three-year

period

ended

September

30,

2021

(financial

highlights):

Nuveen

Floating

Rate

Income

Fund

Nuveen

High

Yield

Income

Fund

Nuveen

Investment

Trust

For

the

year

ended

August

31,

2024

(statements

operations);

each

the

years

the

two-year

period

ended

August

31,

2024

(statements

changes

net

assets);

each

the

years

the

two-year

period

ended

August

31,

2024,

the

eleven-month

period

ended

August

31,

2022

and

each

the

years

the

three-year

period

ended

September

30,

2021

(financial

highlights):

Nuveen

Flexible

Income

Fund

Nuveen

Preferred

Securities

and

Income

Fund

Nuveen

Credit

Income

Fund

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

97.4%

–

CORPORATE

BONDS

52,033,884

AUTOMOBILES

COMPONENTS

1.4%

300

(b),(c)

Dornoch

Debt

Merger

Sub

Inc

6.625%

10/15/29

253,423

250

(c)

Garrett

Motion

Holdings

Inc

Garrett

Sarl

7.750%

5/31/32

258,721

250

(b)

Goodyear

Tire

Rubber

Co/The

5.250%

7/15/31

226,746

250

(c)

IHO

Verwaltungs

GmbH,

(cash

6.000%,

PIK

6.750%)

6.000%

5/15/27

246,341

250

(c)

Tenneco

Inc

8.000%

11/17/28

233,754

TOTAL

AUTOMOBILES

COMPONENTS

1,218,985

BANKS

0.5%

200

(c)

Akbank

TAS

7.498%

1/20/30

203,372

200

(c)

Turkiye

Bankasi

7.750%

6/12/29

205,242

TOTAL

BANKS

408,614

CAPITAL

GOODS

2.0%

500

(c)

Albion

Financing

Sarl

8.750%

4/15/27

510,969

525

(c)

Alta

Equipment

Group

Inc

9.000%

6/01/29

477,031

125

(c)

Arcosa

Inc

6.875%

8/15/32

130,304

175

(c)

EquipmentShare.com

Inc

8.625%

5/15/32

182,998

200

(c)

IHS

Netherlands

Holdco

8.000%

9/18/27

198,806

225

(c)

Masterbrand

Inc

7.000%

7/15/32

231,751

TOTAL

CAPITAL

GOODS

1,731,859

COMMERCIAL

PROFESSIONAL

SERVICES

1.8%

200

(c)

Ambipar

Lux

Sarl

9.875%

2/06/31

200,165

290

(c)

Garda

World

Security

Corp

8.250%

8/01/32

294,742

500

(c)

Donnelley

Sons

10.875%

8/01/29

489,366

405

(c)

Donnelley

Sons

9.500%

8/01/29

401,241

200

(c)

Topco

Inc

8.500%

8/15/30

210,281

TOTAL

COMMERCIAL

PROFESSIONAL

SERVICES

1,595,795

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

4.6%

559

(c)

Carvana

Co,

(cash

13.000%,

PIK

13.000%)

13.000%

6/01/30

596,896

530

(c)

Carvana

Co,

(cash

12.000%,

PIK

12.000%)

12.000%

12/01/28

550,121

150

(c)

Cougar

Subsidiary

LLC

8.000%

5/15/32

158,212

250

(c)

Gap

Inc/The

3.875%

10/01/31

215,969

125

(c)

Group

Automotive

Inc

6.375%

1/15/30

127,164

300

Kohl's

Corp

4.625%

5/01/31

247,854

200

(c)

LCM

Investments

Holdings

LLC

8.250%

8/01/31

212,650

450

(c)

Macy's

Retail

Holdings

LLC

6.125%

3/15/32

430,444

1,200

(c)

Michaels

Cos

Inc/The

7.875%

5/01/29

702,504

200

(c)

Michaels

Cos

Inc/The

5.250%

5/01/28

157,029

425

(c)

Staples

Inc

10.750%

9/01/29

400,310

210

(c)

Velocity

Vehicle

Group

LLC

8.000%

6/01/29

218,424

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

4,017,577

CONSUMER

SERVICES

0.9%

355

(c)

Cinemark

USA

Inc

7.000%

8/01/32

368,478

200

(c)

Merlin

Entertainments

Group

Holdings

Inc

7.375%

2/15/31

199,260

200

(c)

Studio

City

Finance

Ltd

6.500%

1/15/28

192,493

TOTAL

CONSUMER

SERVICES

760,231

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

0.1%

125

Walgreens

Boots

Alliance

Inc

8.125%

8/15/29

125,216

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

125,216

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

ENERGY

9.7%

395

(c)

Archrock

Partners

Archrock

Partners

Finance

Corp

6.625%

9/01/32

399,927

260

(c)

Baytex

Energy

Corp

7.375%

3/15/32

269,278

330

(c)

Blue

Racer

Midstream

LLC

Blue

Racer

Finance

Corp

7.000%

7/15/29

343,253

386

(c)

Borr

IHC

Ltd

Borr

Finance

LLC

10.000%

11/15/28

403,631

300

(c)

Buckeye

Partners

6.875%

7/01/29

306,813

110

(c)

Civitas

Resources

Inc

8.625%

11/01/30

119,570

155

(c)

Civitas

Resources

Inc

8.750%

7/01/31

167,272

230

(c)

CNX

Midstream

Partners

4.750%

4/15/30

214,518

250

(c)

CQP

Holdco

BIP-V

Chinook

Holdco

LLC

7.500%

12/15/33

270,111

250

(c)

Delek

Logistics

Partners

Delek

Logistics

Finance

Corp

8.625%

3/15/29

262,869

125

Genesis

Energy

Genesis

Energy

Finance

Corp

7.875%

5/15/32

128,272

250

(c)

Global

Partners

GLP

Finance

Corp

8.250%

1/15/32

259,893

375

(c)

Harvest

Midstream

7.500%

5/15/32

394,221

450

(c)

Hilcorp

Energy

Hilcorp

Finance

8.375%

11/01/33

492,833

300

(c)

Kosmos

Energy

Ltd

7.750%

5/01/27

296,651

195

(c)

Kraken

Oil

Gas

Partners

LLC

7.625%

8/15/29

200,974

250

(c)

Medco

Laurel

Tree

Pte

Ltd

6.950%

11/12/28

249,922

225

(c)

Nabors

Industries

Inc

8.875%

8/15/31

225,453

215

(c)

Noble

Finance

LLC

8.000%

4/15/30

222,923

295

(c)

PBF

Holding

LLC

PBF

Finance

Corp

7.875%

9/15/30

306,760

200

Petroleos

Mexicanos

5.950%

1/28/31

166,299

300

(c)

SierraCol

Energy

Andina

LLC

6.000%

6/15/28

273,121

255

(c)

Energy

6.750%

8/01/29

258,979

350

(c)

Talos

Production

Inc

9.000%

2/01/29

371,816

125

(c)

Transocean

Aquila

Ltd

8.000%

9/30/28

128,545

255

(c)

USA

Compression

Partners

USA

Compression

Finance

Corp

7.125%

3/15/29

261,927

315

(c)

Venture

Global

LNG

Inc

9.875%

2/01/32

349,965

930

(c)

Venture

Global

LNG

Inc

7.000%

1/15/30

950,784

200

YPF

SA,

Reg

9.500%

1/17/31

210,075

TOTAL

ENERGY

8,506,655

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

1.3%

378

(b)

MPT

Operating

Partnership

MPT

Finance

Corp

5.000%

10/15/27

320,817

740

(c)

Uniti

Group

Uniti

Group

Finance

Inc

CSL

Capital

LLC

10.500%

2/15/28

759,281

125

(c)

Uniti

Group

Uniti

Group

Finance

Inc

CSL

Capital

LLC

6.500%

2/15/29

95,698

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

1,175,796

FINANCIAL

SERVICES

5.4%

750

(c)

Encore

Capital

Group

Inc

8.500%

5/15/30

784,818

425

(c)

FirstCash

Inc

6.875%

3/01/32

436,608

450

(c)

Icahn

Enterprises

Icahn

Enterprises

Finance

Corp

9.000%

6/15/30

455,311

250

Icahn

Enterprises

Icahn

Enterprises

Finance

Corp

5.250%

5/15/27

241,599

200

Icahn

Enterprises

Icahn

Enterprises

Finance

Corp

4.375%

2/01/29

175,462

485

(c)

NCR

Corp

ATM

9.500%

4/01/29

534,239

750

OneMain

Finance

Corp

7.125%

11/15/31

757,411

150

OneMain

Finance

Corp

7.875%

3/15/30

156,882

250

(c)

PennyMac

Financial

Services

Inc

7.875%

12/15/29

265,289

140

(c)

Shift4

Payments

LLC

Shift4

Payments

Finance

Sub

Inc

6.750%

8/15/32

144,433

440

(c)

Starwood

Property

Trust

Inc

7.250%

4/01/29

458,006

400

(b),(c)

VistaJet

Malta

Finance

PLC

Vista

Management

Holding

Inc

6.375%

2/01/30

328,005

TOTAL

FINANCIAL

SERVICES

4,738,063

FOOD,

BEVERAGE

TOBACCO

1.0%

500

(c)

Post

Holdings

Inc

6.375%

3/01/33

503,650

400

(c)

Triton

Water

Holdings

Inc

6.250%

4/01/29

395,568

TOTAL

FOOD,

BEVERAGE

TOBACCO

899,218

Nuveen

Credit

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

HEALTH

CARE

EQUIPMENT

SERVICES

4.1%

300

(c)

AHP

Health

Partners

Inc

5.750%

7/15/29

290,116

525

(c)

CHS/Community

Health

Systems

Inc

10.875%

1/15/32

568,323

500

(c)

CHS/Community

Health

Systems

Inc

5.250%

5/15/30

448,317

160

(c)

Concentra

Escrow

Issuer

Corp

6.875%

7/15/32

167,375

475

(c)

DaVita

Inc

6.875%

9/01/32

485,953

505

(c)

Global

Medical

Response

Inc

10.000%

10/31/28

503,762

355

(c)

Heartland

Dental

LLC

Heartland

Dental

Finance

Corp

10.500%

4/30/28

380,222

150

(c)

LifePoint

Health

Inc

10.000%

6/01/32

162,798

565

(c)

Prime

Healthcare

Services

Inc

9.375%

9/01/29

569,569

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

3,576,435

INSURANCE

1.4%

475

(c)

Acrisure

LLC

Acrisure

Finance

Inc

8.250%

2/01/29

488,890

260

(c)

Ardonagh

Finco

Ltd

7.750%

2/15/31

268,391

210

(c)

Ardonagh

Group

Finance

Ltd

8.875%

2/15/32

217,485

225

(c)

Panther

Escrow

Issuer

7.125%

6/01/31

234,363

TOTAL

INSURANCE

1,209,129

MATERIALS

3.2%

200

(c)

Arsenal

AIC

Parent

LLC

8.000%

10/01/30

215,029

200

(c)

Braskem

Idesa

SAPI

6.990%

2/20/32

155,495

(c)

Cleveland-Cliffs

Inc

7.000%

3/15/32

50,213

200

(c)

Limak

Cimento

Sanayi

Ticaret

9.750%

7/25/29

197,430

430

(c)

Mineral

Resources

Ltd

9.250%

10/01/28

454,272

200

(c)

OCP

6.750%

5/01/34

213,005

550

(c)

Olympus

Water

Holding

Corp

7.250%

6/15/31

568,475

250

(b),(c)

Olympus

Water

Holding

Corp

6.250%

10/01/29

234,819

555

(c)

Tronox

Inc

4.625%

3/15/29

505,787

225

(c)

Grace

Holdings

LLC

5.625%

8/15/29

208,629

TOTAL

MATERIALS

2,803,154

MEDIA

ENTERTAINMENT

6.7%

250

(c)

Advantage

Sales

Marketing

Inc

6.500%

11/15/28

234,390

250

(b),(c)

AMC

Entertainment

Holdings

Inc

7.500%

2/15/29

182,104

500

(b),(c)

Cablevision

Lightpath

LLC

5.625%

9/15/28

453,316

750

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

7.375%

3/03/31

763,402

500

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

4.250%

1/15/34

403,205

250

(c)

CSC

Holdings

LLC

11.250%

5/15/28

222,172

400

(c)

CSC

Holdings

LLC

4.125%

12/01/30

263,783

900

(c)

DISH

Network

Corp

11.750%

11/15/27

915,089

100

(c)

Gray

Television

Inc

4.750%

10/15/30

56,940

235

(c)

Gray

Television

Inc

10.500%

7/15/29

241,198

225

(b),(c)

LCPR

Senior

Secured

Financing

DAC

5.125%

7/15/29

181,688

280

(c)

McGraw-Hill

Education

Inc

7.375%

9/01/31

289,177

400

(c)

McGraw-Hill

Education

Inc

8.000%

8/01/29

398,336

250

(c)

Sirius

Radio

Inc

3.875%

9/01/31

214,524

250

(c)

Sunrise

HoldCo

5.500%

1/15/28

246,158

208

(c)

Univision

Communications

Inc

6.625%

6/01/27

205,883

187

(c)

Univision

Communications

Inc

8.500%

7/31/31

186,629

250

(b),(c)

Univision

Communications

Inc

7.375%

6/30/30

239,960

200

(c)

Secured

Financing

5.000%

1/15/32

180,945

TOTAL

MEDIA

ENTERTAINMENT

5,878,899

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

1.7%

500

(c)

Bausch

Health

Cos

Inc

5.500%

11/01/25

481,307

700

(b),(c)

Grifols

4.750%

10/15/28

664,956

200

(c)

Organon

Foreign

Debt

Co-Issuer

6.750%

5/15/34

207,267

125

(c)

Organon

Foreign

Debt

Co-Issuer

7.875%

5/15/34

131,710

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

1,485,240

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.4%

354

(c)

Anywhere

Real

Estate

Group

LLC

Anywhere

Co-Issuer

Corp

7.000%

4/15/30

313,868

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

313,868

SOFTWARE

SERVICES

2.3%

350

(c)

Ahead

Holdings

LLC

6.625%

5/01/28

335,800

(c)

Amentum

Escrow

Corp

7.250%

8/01/32

99,332

500

(c)

Cloud

Software

Group

Inc

8.250%

6/30/32

523,517

500

(c)

Cloud

Software

Group

Inc

6.500%

3/31/29

492,872

300

(c)

Condor

Merger

Sub

Inc

7.375%

2/15/30

287,774

240

(c)

Rocket

Software

Inc

9.000%

11/28/28

248,983

TOTAL

SOFTWARE

SERVICES

1,988,278

TECHNOLOGY

HARDWARE

EQUIPMENT

0.6%

550

(c)

CommScope

LLC

6.000%

3/01/26

529,375

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

529,375

TELECOMMUNICATION

SERVICES

5.4%

400

(c)

Altice

France

8.125%

2/01/27

321,722

250

Digicel

Intermediate

Holdings

Ltd

Digicel

International

Finance

Ltd

Difl

12.000%

5/25/27

249,066

625

(c)

Frontier

Communications

Holdings

LLC

8.625%

3/15/31

661,344

250

(b)

Frontier

Communications

Holdings

LLC

5.875%

11/01/29

229,971

320

(c)

Iliad

Holding

SASU

8.500%

4/15/31

339,093

650

(c)

Level

Financing

Inc

10.500%

4/15/29

696,781

725

(c)

Level

Financing

Inc

4.875%

6/15/29

563,724

225

(c)

Level

Financing

Inc

4.250%

7/01/28

158,078

400

(c)

Virgin

Media

Finance

PLC

5.000%

7/15/30

346,575

275

(b),(c)

Zayo

Group

Holdings

Inc

4.000%

3/01/27

240,029

300

(c)

Zayo

Group

Holdings

Inc

6.125%

3/01/28

231,870

710

(c)

Zegona

Finance

PLC

8.625%

7/15/29

737,513

TOTAL

TELECOMMUNICATION

SERVICES

4,775,766

TRANSPORTATION

2.9%

115

(c)

American

Airlines

Inc

8.500%

5/15/29

119,561

950

(c)

Brightline

East

LLC

11.000%

1/31/30

866,357

300

(c)

Cargo

Aircraft

Management

Inc

4.750%

2/01/28

287,356

300

(b),(c)

Bondco

LLC

9.500%

10/15/31

305,362

483

(c)

Hawaiian

Brand

Intellectual

Property

Ltd

HawaiianMiles

Loyalty

Ltd

11.000%

4/15/29

491,852

500

(b),(c)

VistaJet

Malta

Finance

PLC

Vista

Management

Holding

Inc

9.500%

6/01/28

467,590

TOTAL

TRANSPORTATION

2,538,078

UTILITIES

2.0%

200

(c)

Continuum

Green

Energy

India

Pvt

Co-Issuers

7.500%

6/26/33

205,360

500

(c)

Ferrellgas

Finance

Corp

5.875%

4/01/29

468,753

205

(c)

India

Cleantech

Energy2021

4.700%

8/10/26

197,430

200

(c)

ReNew

Wind

Energy

AP2

ReNew

Power

Pvt

Ltd

other

Subsidiaries

4.500%

7/14/28

185,109

500

(c)

Talen

Energy

Supply

LLC

8.625%

6/01/30

541,398

150

(c)

Vistra

Operations

LLC

7.750%

10/15/31

159,603

TOTAL

UTILITIES

1,757,653

TOTAL

CORPORATE

BONDS

(cost

$50,756,658)

52,033,884

Nuveen

Credit

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

MORTGAGE-BACKED

SECURITIES

10.8%

9,518,250

1,000

(c),(d)

Ashford

Hospitality

Trust

2018-KEYS,

(1-Month

LIBOR

reference

rate

3.047%

spread),

2018

KEYS

2.860%

6/15/35

974,864

1,000

(c)

COMM

2014-UBS3

Mortgage

Trust,

2014

UBS3

4.767%

6/10/47

388,243

900

(c)

COMM

2015-CCRE22

Mortgage

Trust,

2015

CR22

3.000%

3/10/48

605,676

485

COMM

2015-CCRE25

Mortgage

Trust,

2015

CR25

3.768%

8/10/48

430,988

850

(c),(d)

Connecticut

Avenue

Securities

Trust

2022-R01,

(SOFR30A

reference

rate

6.000%

spread),

2022

R01

11.349%

12/25/41

899,088

565

(c),(d)

Connecticut

Avenue

Securities

Trust

2023-R06,

(SOFR30A

reference

rate

5.900%

spread),

2023

R06

11.249%

7/25/43

619,411

1,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2021-DNA6,

(SOFR30A

reference

rate

7.500%

spread),

2021

DNA6

12.849%

10/25/41

1,083,755

1,000

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA1,

(SOFR30A

reference

rate

7.100%

spread),

2022

DNA1

12.449%

1/25/42

1,073,729

1,098

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

reference

rate

8.500%

spread),

2022

DNA2

13.788%

2/25/42

1,214,819

450

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

reference

rate

4.750%

spread),

2022

DNA2

10.099%

2/25/42

475,749

920

(c),(d)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA3,

(SOFR30A

reference

rate

9.750%

spread),

2022

DNA3

15.087%

4/25/42

1,047,992

800

JPMBB

Commercial

Mortgage

Securities

Trust

2014-C22,

2014

C22

4.645%

9/15/47

703,936

TOTAL

MORTGAGE-BACKED

SECURITIES

(cost

$10,081,740)

9,518,250

Principal

Amount

(000)

Description

(a)

Coupon

(e)

Reference

Rate

(e)

Spread

(e)

Maturity

(f)

Value

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(e)

7,963,139

CAPITAL

GOODS

0.5%

452

Windsor

Holdings

III,

LLC,

Term

Loan

9.311%

TSFR1M

4.000%

8/01/30

454,628

TOTAL

CAPITAL

GOODS

454,628

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

1.1%

950

Johnstone

Supply

LLC,

Term

Loan

8.352%

TSFR1M

3.000%

5/16/31

950,712

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

950,712

CONSUMER

SERVICES

1.3%

411

ClubCorp

Holdings,

Inc.,

Term

Loan

10.596%

SOFR90A

5.000%

9/18/26

412,098

600

GBT

III

LLC,

Term

loan

8.279%

SOFR90A

3.000%

7/28/31

601,125

155

Life

Time

Fitness

Inc

Term

Loan

9.514%

SOFR90A

4.000%

1/15/26

156,115

TOTAL

CONSUMER

SERVICES

1,169,338

FINANCIAL

SERVICES

0.5%

430

Boost

Newco

Borrower,

LLC,

Term

loan

7.748%

SOFR90A

2.500%

1/31/31

431,726

TOTAL

FINANCIAL

SERVICES

431,726

FOOD,

BEVERAGE

TOBACCO

0.3%

City

Brewing

Company,

LLC,

First

Lien

10.563%

TSFR3M

3.500%

4/14/28

1,191

City

Brewing

Company,

LLC,

Term

Loan

11.551%

TSFR3M

6.250%

4/05/28

85,621

236

City

Brewing

Company,

LLC,

Term

Loan

9.063%

TSFR3M

3.500%

4/14/28

200,470

TOTAL

FOOD,

BEVERAGE

TOBACCO

287,282

Principal

Amount

(000)

Description

(a)

Coupon

(e)

Reference

Rate

(e)

Spread

(e)

Maturity

(f)

Value

HEALTH

CARE

EQUIPMENT

SERVICES

1.4%

490

Bausch

Lomb,

Inc.,

Term

Loan

8.661%

TSFR1M

3.250%

5/05/27

484,181

449

Medline

Borrower,

LP,

Term

Loan

7.997%

SOFR30A

2.750%

10/23/28

450,770

Onex

TSG

Intermediate

Corp.,

Term

Loan

10.346%

SOFR90A

4.750%

2/28/28

2,432

281

Parexel

International

Corporation,

Term

loan

8.247%

SOFR30A

3.000%

11/15/28

282,155

Select

Medical

Corporation,

Term

Loan

8.247%

TSFR1M

3.000%

3/05/27

32,621

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

1,252,159

INSURANCE

0.9%

250

Asurion

LLC,

Term

Loan

B3,

Second

Lien

10.611%

TSFR1M

5.250%

2/03/28

235,944

500

Broadstreet

Partners,

Inc.,

Term

Loan

(WI/DD)

TBD

500,457

TOTAL

INSURANCE

736,401

MEDIA

ENTERTAINMENT

0.1%

125

Virgin

Media

Bristol

LLC,

Term

Loan

8.701%

TSFR1M

3.250%

1/31/29

120,594

TOTAL

MEDIA

ENTERTAINMENT

120,594

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

0.7%

583

Jazz

Financing

Lux

S.a.r.l.,

Term

Loan

7.497%

SOFR30A

2.250%

5/05/28

584,554

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

584,554

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.3%

262

Cushman

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

8.247%

TSFR1M

3.000%

1/31/30

261,800

Cushman

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

8.111%

TSFR1M

2.750%

8/21/25

6,412

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

268,212

SOFTWARE

SERVICES

1.1%

174

Cotiviti

Corporation,

Term

Loan

8.592%

SOFR30A

3.250%

4/30/31

174,890

750

Fortress

Intermediate

Inc,

Term

Loan

9.002%

TSFR1M

3.750%

5/08/31

751,875

TOTAL

SOFTWARE

SERVICES

926,765

UTILITIES

0.9%

705

Talen

Energy

Supply,

LLC,

Term

Loan

8.596%

TSFR3M

3.500%

5/17/30

709,844

Talen

Energy

Supply,

LLC,

Term

Loan

8.596%

TSFR3M

3.500%

5/17/30

70,924

TOTAL

UTILITIES

780,768

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(cost

$7,890,514)

7,963,139

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

ASSET-BACKED

SECURITIES

8.4%

7,338,507

(c),(g)

Carvana

Auto

Receivables

Trust

2021-P2,

2021

0.000%

5/10/28

561,250

500

(c)

Frontier

Issuer

LLC,

2023

11.500%

8/20/53

515,354

500

(c),(d)

Golden

Tree

Loan

Management

CLO

Ltd,

(3-Month

LIBOR

reference

rate

7.762%

spread),

2021

11A

8.563%

10/20/34

460,083

500

(c)

Hertz

Vehicle

Financing

III

LLC,

2024

9.220%

1/25/29

506,263

750

(c)

Hotwire

Funding

LLC,

2024

9.188%

6/20/54

779,074

Nuveen

Credit

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X–

ASSET-BACKED

SECURITIES

(continued)

1,525

(c),(g)

Mosaic

Solar

Loan

Trust

2019-2,

2019

0.000%

9/20/40

589,108

1,700

(c),(g)

Mosaic

Solar

Loan

Trust

2020-1,

2020

20-1A

0.000%

4/20/46

885,530

119

(c)

Oportun

Funding

XIV

LLC,

2021

5.400%

3/08/28

115,215

500

(c)

Oportun

Issuance

Trust

2024-2,

2024

11.040%

2/09/32

500,887

1,000

(c),(d)

Palmer

Square

CLO

2023-1

Ltd,

(TSFR3M

reference

rate

5.300%

spread),

2023

10.582%

1/20/36

1,012,779

750

(c),(d)

Thayer

Park

CLO

Ltd,

(TSFR3M

reference

rate

9.132%

spread),

2017

1.000%

4/20/34

656,181

818

(c)

Funding

LLC,

2020

6.420%

11/15/50

756,783

TOTAL

ASSET-BACKED

SECURITIES

(cost

$8,557,351)

7,338,507

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

SOVEREIGN

DEBT

3,278,131

ANGOLA

0.2%

200

(c)

Angolan

Government

International

Bond

8.750%

4/14/32

181,452

TOTAL

ANGOLA

181,452

BENIN

0.2%

200

(c)

Benin

Government

International

Bond

7.960%

2/13/38

191,144

TOTAL

BENIN

191,144

COTE

D'IVOIRE

0.3%

300

(c)

Ivory

Coast

Government

International

Bond

6.125%

6/15/33

274,043

TOTAL

COTE

D'IVOIRE

274,043

DOMINICAN

REPUBLIC

0.2%

150

(c)

Dominican

Republic

International

Bond

6.600%

6/01/36

157,249

TOTAL

DOMINICAN

REPUBLIC

157,249

ECUADOR

0.3%

400

Ecuador

Government

International

Bond,

Reg

5.500%

7/31/35

220,000

TOTAL

ECUADOR

220,000

EGYPT

0.2%

200

(c)

Egypt

Government

International

Bond

8.750%

9/30/51

156,279

TOTAL

EGYPT

156,279

SALVADOR

0.2%

200

(c)

Salvador

Government

International

Bond

7.625%

9/21/34

151,500

TOTAL

SALVADOR

151,500

HONDURAS

0.2%

200

(c)

Honduras

Government

International

Bond

5.625%

6/24/30

176,448

TOTAL

HONDURAS

176,448

JORDAN

0.2%

200

(c)

Jordan

Government

International

Bond

5.850%

7/07/30

188,263

TOTAL

JORDAN

188,263

KENYA

0.2%

200

(c)

Republic

Kenya

Government

International

Bond

7.000%

5/22/27

191,259

TOTAL

KENYA

191,259

NIGERIA

0.2%

200

(c)

Nigeria

Government

International

Bond

6.125%

9/28/28

179,880

TOTAL

NIGERIA

179,880

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

PARAGUAY

0.2%

200

(c)

Paraguay

Government

International

Bond

6.000%

2/09/36

207,187

TOTAL

PARAGUAY

207,187

RWANDA

0.2%

200

(c)

Rwanda

International

Government

Bond

5.500%

8/09/31

160,294

TOTAL

RWANDA

160,294

SENEGAL

0.3%

300

(c)

Senegal

Government

International

Bond

6.250%

5/23/33

260,250

TOTAL

SENEGAL

260,250

SOUTH

AFRICA

0.2%

200

Republic

South

Africa

Government

International

Bond

4.300%

10/12/28

190,310

TOTAL

SOUTH

AFRICA

190,310

TURKEY

0.2%

200

Turkiye

Government

International

Bond

7.125%

7/17/32

202,316

TOTAL

TURKEY

202,316

UZBEKISTAN

0.2%

200

(c)

Republic

Uzbekistan

International

Bond

5.375%

2/20/29

190,257

TOTAL

UZBEKISTAN

190,257

TOTAL

SOVEREIGN

DEBT

(cost

$3,253,295)

3,278,131

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

2,720,795

AUTOMOBILES

COMPONENTS

0.2%

225

(b)

General

Motors

Financial

Inc

5.700%

N/A

(h)

215,726

TOTAL

AUTOMOBILES

COMPONENTS

215,726

BANKS

0.2%

150

Huntington

Bancshares

Inc/OH

5.625%

N/A

(h)

148,510

TOTAL

BANKS

148,510

CAPITAL

GOODS

0.3%

250

(c)

AerCap

Global

Aviation

Trust

6.500%

6/15/45

249,217

TOTAL

CAPITAL

GOODS

249,217

ENERGY

0.6%

235

Energy

Transfer

6.500%

N/A

(h)

233,149

160

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.625%

3/01/55

163,360

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.500%

3/01/55

84,485

TOTAL

ENERGY

480,994

FINANCIAL

SERVICES

0.2%

150

AerCap

Ireland

Capital

DAC

AerCap

Global

Aviation

Trust

6.950%

3/10/55

154,745

TOTAL

FINANCIAL

SERVICES

154,745

INSURANCE

0.3%

310

Enstar

Finance

LLC

5.750%

9/01/40

303,685

TOTAL

INSURANCE

303,685

MEDIA

ENTERTAINMENT

0.3%

330

Paramount

Global

6.375%

3/30/62

301,732

TOTAL

MEDIA

ENTERTAINMENT

301,732

Nuveen

Credit

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

UTILITIES

1.0%

275

Edison

International

5.375%

N/A

(h)

269,413

250

(c)

NRG

Energy

Inc

10.250%

N/A

(h)

278,299

300

(c)

Vistra

Corp

8.875%

N/A

(h)

318,474

TOTAL

UTILITIES

866,186

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(cost

$2,573,306)

2,720,795

Principal

Amount

(000)

Description

(a)

,(i)

Coupon

Maturity

Value

–

CONTINGENT

CAPITAL

SECURITIES

2,409,836

BANKS

1.7%

200

Banco

Bilbao

Vizcaya

Argentaria

9.375%

N/A

(h)

218,458

200

(c)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

6.625%

N/A

(h)

184,614

200

Bancolombia

8.625%

12/24/34

209,845

200

(c)

Bank

Leumi

Le-Israel

BM,

Reg

3.275%

1/29/31

189,000

300

Barclays

PLC

8.000%

N/A

(h)

312,947

300

(b),(c)

Intesa

Sanpaolo

SpA

7.700%

N/A

(h)

299,598

200

(c)

Societe

Generale

9.375%

N/A

(h)

207,937

TOTAL

BANKS

1,622,399

FINANCIAL

SERVICES

1.0%

350

Deutsche

Bank

6.000%

N/A

(h)

335,963

200

(c)

UBS

Group

9.250%

N/A

(h)

230,959

200

(c)

UBS

Group

9.250%

N/A

(h)

220,515

TOTAL

FINANCIAL

SERVICES

787,437

TOTAL

CONTINGENT

CAPITAL

SECURITIES

(cost

$2,228,898)

2,409,836

Description

(a)

Coupon

Value

–

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

164,730

FINANCIAL

SERVICES

0.2%

6,375

Synchrony

Financial

8.250%

164,730

TOTAL

FINANCIAL

SERVICES

164,730

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(cost

$159,375)

164,730

Description

(a)

Value

–

COMMON

STOCKS

163

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

0.0%

130

(j)

Bright

Bidco

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

TRANSPORTATION

0.0%

8,907

(g),(j)

Jack

Cooper

Enterprises

Inc

TOTAL

TRANSPORTATION

TOTAL

COMMON

STOCKS

(cost

$–)

163

TOTAL

LONG-TERM

INVESTMENTS

(cost

$85,501,137)

85,427,435

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

4.8%

4,182,258

(k)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.290%(l)

4,182,258

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$4,182,258)

4,182,258

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

1.9%

–

REPURCHASE

AGREEMENTS

1,650,000

1,650

(m)

Fixed

Income

Clearing

Corporation

5.290%

9/03/24

1,650,000

TOTAL

REPURCHASE

AGREEMENTS

(cost

$1,650,000)

1,650,000

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$1,650,000)

1,650,000

TOTAL

INVESTMENTS

(cost

91,333,395

)

104

91,259,693

OTHER

ASSETS

LIABILITIES,

NET

- (4.1)%

(

3,604,975

)

NET

ASSETS

100%

87,654,718

Futures

Contracts

Long

Description

Number

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

5-Year

Note

12/24

6,692,177

6,673,305

(

18,872

)

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$4,035,881.

(c)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$69,612,010

76.3%

Total

Investments.

(d)

Variable

rate

security.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(e)

Senior

loans

generally

pay

interest

rates

which

are

periodically

adjusted

reference

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

the

Secured

Overnight

Financing

Rate

(“SOFR”),

(ii)

the

prime

rate

offered

one

major

United

States

banks.

Senior

loans

may

considered

restricted

that

the

Fund

ordinarily

contractually

obligated

receive

approval

from

the

agent

bank

and/or

borrower

prior

the

disposition

senior

loan.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(f)

Senior

loans

generally

are

subject

mandatory

and/or

optional

prepayment.

Because

these

mandatory

prepayment

conditions

and

because

there

may

significant

economic

incentives

for

borrower

prepay,

prepayments

senior

loans

may

occur.

result,

the

actual

remaining

maturity

senior

loans

held

may

substantially

less

than

the

stated

maturities

shown.

(g)

For

fair

value

measurement

disclosure

purposes,

investment

classified

Level

(h)

Perpetual

security.

Maturity

date

not

applicable.

(i)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

the

security

for

the

benefit

the

issuer.

For

example,

the

terms

may

specify

automatic

write-down

principal

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

the

issuer’s

capital

ratio

falling

below

specified

level.

(j)

Non-income

producing;

issuer

has

not

declared

ex-dividend

date

within

the

past

twelve

months.

(k)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(l)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

(m)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

8/30/24

repurchased

$1,650,970

9/3/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.125%

and

maturity

date

7/31/31,

valued

$1,683,060.

Nuveen

Credit

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

LIBOR

London

Inter-Bank

Offered

Rate

PIK

Payment-in-kind

(“PIK”)

security. Depending

the

terms

the

security,

income

may

received

the

form

cash,

securities,

combination

both. The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

the

last

PIK

payment

made

the

issuer

the

end

the

reporting

period.

Reg

Regulation

allows

U.S.

companies

sell

securities

persons

entities

located

outside

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

provides

safe

harbor

from

the

registration

requirements

the

Securities

Act

for

the

offers

and

sales

securities

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

SOFR

30A

Day

Average

Secured

Overnight

Financing

Rate

SOFR

90A

Day

Average

Secured

Overnight

Financing

Rate

TBD

Senior

loan

purchased

when-issued

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

the

settlement

date

the

transaction.

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

coupon

rate

not

available

prior

settlement.

settlement,

still

unknown,

the

borrower

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

WI/DD

When-issued

delayed

delivery

security.

See

Notes

Financial

Statements

Nuveen

Flexible

Income

Fund

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

98.2%

–

CORPORATE

BONDS

478,481,238

AUTOMOBILES

COMPONENTS

3.6%

2,675

Dana

Inc

5.625%

6/15/28

2,636,463

7,475

(b)

Ford

Motor

5.291%

12/08/46

6,774,586

9,365

Ford

Motor

Credit

LLC

7.350%

11/04/27

9,905,370

15,280

General

Motors

6.600%

4/01/36

16,542,604

1,797

Goodyear

Tire

Rubber

Co/The

9.500%

5/31/25

1,802,695

TOTAL

AUTOMOBILES

COMPONENTS

37,661,718

CAPITAL

GOODS

4.9%

6,715

(c)

ATS

Corp

4.125%

12/15/28

6,283,837

13,025

Regal

Rexnord

Corp

6.400%

4/15/33

13,822,365

7,150

Regal

Rexnord

Corp

6.050%

2/15/26

7,238,706

2,675

Regal

Rexnord

Corp

6.050%

4/15/28

2,764,190

6,300

(c)

Roller

Bearing

America

Inc

4.375%

10/15/29

5,992,145

9,075

United

Rentals

North

America

Inc

5.250%

1/15/30

9,003,814

5,847

(c)

WESCO

Distribution

Inc

7.250%

6/15/28

5,998,361

TOTAL

CAPITAL

GOODS

51,103,418

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

2.2%

10,919

Bath

Body

Works

Inc

6.875%

11/01/35

11,277,700

6,805

(c)

Gap

Inc/The

3.875%

10/01/31

5,878,678

7,544

Nordstrom

Inc

5.000%

1/15/44

5,984,085

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

23,140,463

CONSUMER

SERVICES

2.6%

8,605

(c)

Caesars

Entertainment

Inc

6.500%

2/15/32

8,842,764

11,100

(c)

Light

Wonder

International

Inc

7.500%

9/01/31

11,688,411

5,396

Piedmont

Operating

Partnership

9.250%

7/20/28

5,965,857

TOTAL

CONSUMER

SERVICES

26,497,032

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

2.1%

21,339

(c)

Albertsons

Cos

Inc

Safeway

Inc

New

Albertsons

LLC

7.500%

3/15/26

21,581,881

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

21,581,881

ENERGY

4.2%

5,375

(c)

Antero

Resources

Corp

7.625%

2/01/29

5,562,534

12,143

(c)

COLUMBIA

PIPELINES

OPCO

6.544%

11/15/53

13,467,004

5,875

Diamondback

Energy

Inc

6.250%

3/15/33

6,310,841

5,900

PBF

Holding

LLC

PBF

Finance

Corp

6.000%

2/15/28

5,842,065

5,625

(c)

Permian

Resources

Operating

LLC

7.000%

1/15/32

5,900,687

5,550

Valero

Energy

Corp

6.625%

6/15/37

6,133,538

TOTAL

ENERGY

43,216,669

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

1.9%

9,917

(c)

Iron

Mountain

Inc

7.000%

2/15/29

10,299,667

9,550

VICI

Properties

5.625%

5/15/52

9,051,679

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

19,351,346

FINANCIAL

SERVICES

1.1%

10,114

Ally

Financial

Inc

8.000%

11/01/31

11,543,143

TOTAL

FINANCIAL

SERVICES

11,543,143

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

FOOD,

BEVERAGE

TOBACCO

1.7%

9,250

Altria

Group

Inc

5.800%

2/14/39

9,538,227

7,500

BAT

Capital

Corp

7.081%

8/02/53

8,510,135

TOTAL

FOOD,

BEVERAGE

TOBACCO

18,048,362

HEALTH

CARE

EQUIPMENT

SERVICES

1.9%

9,050

HCA

Inc

5.125%

6/15/39

8,740,090

5,750

IQVIA

Inc

6.250%

2/01/29

6,074,950

4,400

(b)

Tenet

Healthcare

Corp

6.125%

10/01/28

4,408,096

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

19,223,136

MATERIALS

4.8%

6,600

ArcelorMittal

7.000%

10/15/39

7,325,539

5,575

(b)

ArcelorMittal

6.800%

11/29/32

6,101,879

5,646

Ashland

Inc

6.875%

5/15/43

5,949,809

11,200

Celanese

Holdings

LLC

6.165%

7/15/27

11,556,946

11,300

(c)

Sealed

Air

Corp

6.875%

7/15/33

12,094,368

6,625

Southern

Copper

Corp

5.875%

4/23/45

6,792,301

TOTAL

MATERIALS

49,820,842

MEDIA

ENTERTAINMENT

4.8%

6,775

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

5.125%

5/01/27

6,640,043

14,500

Charter

Communications

Operating

LLC

Charter

Communications

Operating

Capital

6.484%

10/23/45

13,859,579

12,324

(c)

Nexstar

Media

Inc

5.625%

7/15/27

12,043,096

6,404

Paramount

Global

6.875%

4/30/36

6,386,921

2,950

Time

Warner

Entertainment

8.375%

7/15/33

3,359,091

10,325

Warnermedia

Holdings

Inc

5.141%

3/15/52

7,853,180

TOTAL

MEDIA

ENTERTAINMENT

50,141,910

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

0.9%

10,150

Amgen

Inc

4.875%

3/01/53

9,326,613

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

9,326,613

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

1.3%

13,308

(c)

Amkor

Technology

Inc

6.625%

9/15/27

13,385,053

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

13,385,053

SOFTWARE

SERVICES

2.0%

5,750

(c)

Gen

Digital

Inc

7.125%

9/30/30

6,007,416

5,975

(c)

Gen

Digital

Inc

5.000%

4/15/25

5,952,020

8,000

Oracle

Corp

6.500%

4/15/38

8,916,662

TOTAL

SOFTWARE

SERVICES

20,876,098

TECHNOLOGY

HARDWARE

EQUIPMENT

4.0%

21,369

Hewlett

Packard

Enterprise

6.350%

10/15/45

22,950,120

8,553

Seagate

HDD

Cayman

9.625%

12/01/32

9,863,397

3,245

Seagate

HDD

Cayman

4.091%

6/01/29

3,088,886

5,900

(c)

Viasat

Inc

5.625%

4/15/27

5,599,150

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

41,501,553

TELECOMMUNICATION

SERVICES

0.6%

6,382

(c)

GCI

LLC

4.750%

10/15/28

6,053,737

TOTAL

TELECOMMUNICATION

SERVICES

6,053,737

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

TRANSPORTATION

1.6%

8,279

XPO

CNW

Inc

6.700%

5/01/34

8,605,077

5,060

(c)

XPO

Inc

6.250%

6/01/28

5,162,323

2,145

(c)

XPO

Inc

7.125%

6/01/31

2,240,864

TOTAL

TRANSPORTATION

16,008,264

TOTAL

CORPORATE

BONDS

(cost

$484,599,938)

478,481,238

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

314,800,791

AUTOMOBILES

COMPONENTS

1.2%

6,763

General

Motors

Financial

Inc

6.500%

N/A

(d)

6,650,516

3,613

(b)

General

Motors

Financial

Inc

5.700%

N/A

(d)

3,464,076

1,800

(b)

Goodyear

Tire

Rubber

Co/The

5.250%

7/15/31

1,632,568

TOTAL

AUTOMOBILES

COMPONENTS

11,747,160

BANKS

8.1%

10,160

(b)

Bank

America

Corp

6.500%

N/A

(d)

10,153,533

8,965

(b)

Bank

America

Corp

6.300%

N/A

(d)

9,046,704

4,691

Bank

America

Corp

6.250%

N/A

(d)

4,684,739

23,521

Citigroup

Inc

6.250%

N/A

(d)

23,723,586

4,025

(e)

First

Citizens

BancShares

Inc/NC

(TSFR3M

reference

rate

4.234%

spread)

9.573%

N/A

(d)

4,077,136

5,825

JPMorgan

Chase

6.875%

N/A

(d)

6,173,714

3,000

JPMorgan

Chase

6.100%

N/A

(d)

2,999,491

6,994

PNC

Financial

Services

Group

Inc/The

6.200%

N/A

(d)

7,024,382

5,450

(e)

PNC

Financial

Services

Group

Inc/The

(TSFR3M

reference

rate

3.302%

spread)

8.317%

N/A

(d)

5,463,096

6,175

(b)

Wells

Fargo

7.625%

N/A

(d)

6,636,896

3,425

Wells

Fargo

5.875%

N/A

(d)

3,400,989

TOTAL

BANKS

83,384,266

ENERGY

3.4%

5,072

Enbridge

Inc

8.500%

1/15/84

5,558,963

11,100

Energy

Transfer

8.000%

5/15/54

11,809,878

6,200

Energy

Transfer

7.125%

N/A

(d)

6,201,066

2,731

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.500%

3/01/55

2,813,749

7,906

Transcanada

Trust

5.875%

8/15/76

7,776,124

1,150

Transcanada

Trust

5.600%

3/07/82

1,095,418

TOTAL

ENERGY

35,255,198

FINANCIAL

SERVICES

4.1%

8,227

Ally

Financial

Inc

4.700%

N/A

(d)

7,476,509

6,675

American

Express

3.550%

N/A

(d)

6,247,999

5,425

(c)

Ares

Finance

III

LLC

4.125%

6/30/51

5,102,874

5,475

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(d)

5,830,946

4,075

Goldman

Sachs

Group

Inc/The

5.300%

N/A

(d)

4,073,585

5,750

Morgan

Stanley

5.948%

1/19/38

5,954,643

8,250

State

Street

Corp

6.700%

N/A

(d)

8,446,598

TOTAL

FINANCIAL

SERVICES

43,133,154

FOOD,

BEVERAGE

TOBACCO

0.7%

3,300

(c)

Land

Lakes

Inc

7.250%

N/A

(d)

2,729,328

3,200

(c)

Land

Lakes

Inc

7.000%

N/A

(d)

2,523,038

2,042

(c)

Land

Lakes

Inc

8.000%

N/A

(d)

1,822,178

TOTAL

FOOD,

BEVERAGE

TOBACCO

7,074,544

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

INSURANCE

1.6%

4,950

Enstar

Finance

LLC

5.750%

9/01/40

4,849,158

650

Enstar

Finance

LLC

5.500%

1/15/42

597,900

10,255

(c)

Liberty

Mutual

Group

Inc

7.800%

3/15/37

11,130,008

TOTAL

INSURANCE

16,577,066

MEDIA

ENTERTAINMENT

0.7%

1,575

Paramount

Global

6.375%

3/30/62

1,440,085

6,180

(c)

Sirius

Radio

Inc

4.000%

7/15/28

5,788,472

TOTAL

MEDIA

ENTERTAINMENT

7,228,557

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.6%

6,275

(c)

EUSHI

Finance

Inc

7.625%

12/15/54

6,503,435

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

6,503,435

UTILITIES

10.0%

8,250

AES

Corp/The

7.600%

1/15/55

8,498,235

7,228

Dominion

Energy

Inc

7.000%

6/01/54

7,688,669

6,350

Dominion

Energy

Inc

6.875%

2/01/55

6,613,407

7,525

Edison

International

5.000%

N/A

(d)

7,279,263

3,114

Edison

International

7.875%

6/15/54

3,267,682

1,800

Edison

International

8.125%

6/15/53

1,889,933

14,370

Emera

Inc

6.750%

6/15/76

14,417,134

12,090

NextEra

Energy

Capital

Holdings

Inc

5.650%

5/01/79

11,732,314

2,950

NextEra

Energy

Capital

Holdings

Inc

6.750%

6/15/54

3,084,526

11,775

(c)

NRG

Energy

Inc

10.250%

N/A

(d)

13,107,871

20,475

(c)

Vistra

Corp

8.000%

N/A

(d)

21,173,832

5,090

(c)

Vistra

Corp

7.000%

N/A

(d)

5,144,545

TOTAL

UTILITIES

103,897,411

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(cost

$316,104,889)

314,800,791

Description

(a)

Value

–

COMMON

STOCKS

94,545,949

BANKS

0.3%

12,800

JPMorgan

Chase

2,877,440

TOTAL

BANKS

2,877,440

CAPITAL

GOODS

2.5%

41,600

Carrier

Global

Corp

3,027,648

3,900

Deere

1,504,386

23,100

Emerson

Electric

2,434,509

14,200

General

Dynamics

Corp

4,250,912

10,500

Hubbell

Inc

4,199,160

10,300

Huntington

Ingalls

Industries

Inc

2,912,531

66,700

nVent

Electric

PLC

4,532,932

4,900

Parker-Hannifin

Corp

2,940,980

TOTAL

CAPITAL

GOODS

25,803,058

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

0.1%

4,000

Home

Depot

Inc/The

1,474,000

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

1,474,000

CONSUMER

SERVICES

0.6%

46,800

Boyd

Gaming

Corp

2,808,936

10,600

McDonald's

Corp

3,059,796

TOTAL

CONSUMER

SERVICES

5,868,732

Description

(a)

Value

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

0.3%

38,700

Walmart

Inc

2,988,801

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

2,988,801

ENERGY

1.0%

23,900

ConocoPhillips

2,719,581

50,400

Exxon

Mobil

Corp

5,944,176

15,100

Valero

Energy

Corp

2,215,623

TOTAL

ENERGY

10,879,380

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

0.7%

12,400

American

Tower

Corp

2,778,344

99,796

National

Storage

Affiliates

Trust

2,283,332

54,100

Rexford

Industrial

Realty

Inc

2,754,772

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

7,816,448

FOOD,

BEVERAGE

TOBACCO

0.3%

25,700

Philip

Morris

International

Inc

3,168,553

TOTAL

FOOD,

BEVERAGE

TOBACCO

3,168,553

INSURANCE

0.3%

6,900

Everest

Group

Ltd

2,706,456

TOTAL

INSURANCE

2,706,456

MEDIA

ENTERTAINMENT

0.9%

33,800

Alphabet

Inc,

Class

5,580,718

48,100

Walt

Disney

Co/The

4,347,278

TOTAL

MEDIA

ENTERTAINMENT

9,927,996

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

0.3%

54,200

Sanofi

SA,

ADR

3,049,292

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

3,049,292

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

0.3%

13,600

Applied

Materials

Inc

2,682,736

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

2,682,736

SOFTWARE

SERVICES

0.3%

105,000

Gen

Digital

Inc

2,778,300

TOTAL

SOFTWARE

SERVICES

2,778,300

TECHNOLOGY

HARDWARE

EQUIPMENT

0.7%

60,100

Corning

Inc

2,515,185

232,400

Hewlett

Packard

Enterprise

4,501,588

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

7,016,773

TRANSPORTATION

0.2%

20,100

United

Parcel

Service

Inc,

Class

2,583,855

TOTAL

TRANSPORTATION

2,583,855

UTILITIES

0.3%

35,582

Sempra

2,924,129

TOTAL

UTILITIES

2,924,129

TOTAL

COMMON

STOCKS

(cost

$78,819,562)

94,545,949

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Description

(a)

Coupon

Value

–

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

82,150,772

CAPITAL

GOODS

0.5%

204,000

WESCO

International

Inc

10.625%

5,344,800

TOTAL

CAPITAL

GOODS

5,344,800

FINANCIAL

SERVICES

1.9%

314,799

Morgan

Stanley

7.125%

7,970,711

181,000

Morgan

Stanley

6.625%

4,841,750

89,574

Morgan

Stanley

6.875%

2,267,118

194,900

Synchrony

Financial

5.625%

3,829,785

TOTAL

FINANCIAL

SERVICES

18,909,364

FOOD,

BEVERAGE

TOBACCO

1.2%

384,432

CHS

Inc

6.750%

9,764,573

90,213

CHS

Inc

7.100%

2,310,355

TOTAL

FOOD,

BEVERAGE

TOBACCO

12,074,928

INSURANCE

3.1%

287,059

Allstate

Corp/The

7.375%

7,764,946

265,192

Athene

Holding

Ltd

6.350%

6,590,021

220,806

Athene

Holding

Ltd

6.375%

5,551,063

169,032

Enstar

Group

Ltd

7.000%

3,455,014

337,825

Reinsurance

Group

America

Inc

7.125%

8,803,719

TOTAL

INSURANCE

32,164,763

UTILITIES

1.3%

85,590

Algonquin

Power

Utilities

Corp

9.603%

2,182,545

434,800

SCE

Trust

VII

7.500%

11,474,372

TOTAL

UTILITIES

13,656,917

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(cost

$83,750,215)

82,150,772

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

CONVERTIBLE

BONDS

19,717,454

TECHNOLOGY

HARDWARE

EQUIPMENT

1.3%

4,875

(c)

Seagate

HDD

Cayman

3.500%

6/01/28

6,505,688

5,125

(c)

Western

Digital

Corp

3.000%

11/15/28

7,369,750

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

13,875,438

UTILITIES

0.6%

5,625

FirstEnergy

Corp

4.000%

5/01/26

5,842,016

TOTAL

UTILITIES

5,842,016

TOTAL

CONVERTIBLE

BONDS

(cost

$19,370,462)

19,717,454

Description

(a)

Coupon

Value

–

CONVERTIBLE

PREFERRED

SECURITIES

15,865,653

BANKS

1.4%

1,100

Bank

America

Corp

7.250%

1,371,645

10,830

Wells

Fargo

7.500%

13,234,260

TOTAL

BANKS

14,605,905

Description

(a)

Coupon

Value

CAPITAL

GOODS

0.1%

25,200

Chart

Industries

Inc

6.750%

1,259,748

TOTAL

CAPITAL

GOODS

1,259,748

TOTAL

CONVERTIBLE

PREFERRED

SECURITIES

(cost

$16,590,543)

15,865,653

Description

(a)

Coupon

Issue

Price

Cap

Price

Maturity

Value

–

STRUCTURED

NOTES

10,883,027

30,000

JPMorgan

Chase

Bank,

Mandatory

Exchangeable

Note,

Linked

Common

Stock

Chart

Industries,

Inc.

(Cap

117.96%

the

Issue

Price)

12.000%

$168.4200

$198.6625

12/24/24

3,767,936

122,100

JPMorgan

Chase

Bank,

Mandatory

Exchangeable

Note,

Linked

Common

Stock

Ciena

Corp.

(Cap

119.30%

the

Issue

Price)

10.000%

$–

$72.3019

10/22/24

7,115,091

TOTAL

STRUCTURED

NOTES

(cost

$12,278,730)

10,883,027

TOTAL

LONG-TERM

INVESTMENTS

(cost

$1,011,514,339)

1,016,444,884

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

2.7%

28,063,049

(f)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.290%(g)

28,063,049

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$28,063,049)

28,063,049

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

0.7%

–

REPURCHASE

AGREEMENTS

7,213,725

7,050

(h)

Fixed

Income

Clearing

Corporation

5.290%

9/03/24

7,050,000

164

(i)

Fixed

Income

Clearing

Corporation

1.600%

9/03/24

163,725

TOTAL

REPURCHASE

AGREEMENTS

(cost

$7,213,725)

7,213,725

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$7,213,725)

7,213,725

TOTAL

INVESTMENTS

(cost

1,046,791,113

)

101

1,051,721,658

OTHER

ASSETS

LIABILITIES,

NET

- (1.6)%

(

16,357,609

)

NET

ASSETS

100%

1,035,364,049

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$26,934,160.

(c)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$268,388,807

25.5%

Total

Investments.

(d)

Perpetual

security.

Maturity

date

not

applicable.

(e)

Variable

rate

security.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(f)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(g)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

Nuveen

Flexible

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

(h)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

8/30/24

repurchased

$7,054,144

9/3/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.250%

and

maturity

date

6/30/31,

valued

$7,191,206.

(i)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.600%

dated

8/30/24

repurchased

$163,754

9/3/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

2.875%

and

maturity

date

5/15/49,

valued

$167,125.

ADR

American

Depositary

Receipt

TSFR

CME

Term

SOFR

Month

See

Notes

Financial

Statements

Nuveen

Floating

Rate

Income

Fund

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

LONG-TERM

INVESTMENTS

100.0%

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(b)

1,301,028,836

AUTOMOBILES

COMPONENTS

0.9%

3,959

Adient

LLC,

Term

Loan

8.026%

TSFR1M

2.750%

1/29/31

3,974,881

7,756

Clarios

Global

LP,

Term

Loan

7.747%

SOFR30A

2.500%

5/06/30

7,788,679

2,148

DexKo

Global

Inc.,

Term

Loan

7.816%

Month

LIBOR

3.750%

10/04/28

2,107,657

TOTAL

AUTOMOBILES

COMPONENTS

13,871,217

CAPITAL

GOODS

5.8%

314

Ali

Group

North

America

Corporation,

Term

Loan

7.458%

TSFR1M

2.000%

10/13/28

316,002

1,915

Bleriot

Bidco

Inc,

Term

Loan

(WI/DD)

TBD

1,926,576

1,808

Centuri

Group,

Inc,

Term

Loan

7.867%

SOFR30A

Prime

2.500%

8/28/28

1,808,878

3,287

Chamberlain

Group

Inc,

Term

Loan

8.747%

TSFR1M

3.500%

11/03/28

3,289,162

5,475

Chamberlain

Group

Inc,

Term

Loan

8.597%

TSFR1M

3.250%

10/22/28

5,477,889

4,697

Chart

Industries,

Inc.,

Term

Loan

7.825%

TSFR3M

2.500%

3/18/30

4,716,328

4,060

Core

Main

LP,

Term

Loan

7.339%

SOFR90A

2.000%

7/27/28

4,064,744

294

Cornerstone

Building

Brands,

Inc.,

Term

Loan

8.687%

TSFR1M

3.250%

4/12/28

286,037

1,645

Dynasty

Acquisition

Co.,

Inc.,

Term

Loan

8.747%

TSFR1M

3.500%

8/24/28

1,653,541

634

Dynasty

Acquisition

Co.,

Inc.,

Term

Loan

8.747%

TSFR1M

3.500%

8/24/28

637,563

7,322

Fly

Funding

S.a.r.l.,

Term

Loan

7.120%

3-Month

LIBOR

1.750%

8/11/25

7,150,979

1,255

Fortna

Group

Inc,

Term

Loan

(WI/DD)

TBD

1,139,854

9,810

Gates

Global

LLC,

Term

Loan

7.497%

TSFR1M

2.250%

5/23/31

9,843,697

6,382

Madison

IAQ

LLC,

Term

Loan

7.889%

TSFR6M

2.750%

6/21/28

6,398,989

2,520

Windows

and

Doors,

LLC,

Term

Loan

8.752%

TSFR1M

3.500%

3/28/31

2,535,410

574

Quikrete

Holdings,

Inc.,

Term

Loan

7.747%

TSFR1M

2.500%

4/14/31

575,421

198

Quikrete

Holdings,

Inc.,

Term

Loan

7.497%

TSFR1M

2.250%

3/19/29

198,127

1,194

Titan

Acquisition

Limited,

Term

Loan

10.326%

SOFR180A

5.000%

2/01/29

1,188,609

12,532

Elevator

Newco

Inc,

Term

Loan

8.588%

TSFR6M

3.500%

4/15/30

12,590,329

5,154

TransDigm,

Inc.,

Term

Loan

7.843%

TSFR3M

2.500%

2/28/31

5,165,464

11,625

Victory

Buyer

LLC,

Term

Loan

9.142%

TSFR1M

3.750%

11/20/28

11,208,635

5,519

Windsor

Holdings

III,

LLC,

Term

Loan

9.311%

TSFR1M

4.000%

8/01/30

5,555,615

TOTAL

CAPITAL

GOODS

87,727,849

COMMERCIAL

PROFESSIONAL

SERVICES

5.0%

10,188

Allied

Universal

Holdco

LLC,

Term

Loan

9.097%

TSFR1M

3.750%

5/15/28

10,139,450

2,098

Amentum

Government

Services

Holdings

LLC,

Term

Loan

9.278%

TSFR1M

4.000%

2/07/29

2,101,026

2,714

Anticimex

International

AB,

Term

Loan

8.480%

SOFR90A

3.150%

11/16/28

2,722,902

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

COMMERCIAL

PROFESSIONAL

SERVICES

(continued)

2,263

Anticimex

International

AB,

Term

Loan

8.730%

SOFR90A

3.400%

11/16/28

2,279,338

3,329

CoreLogic,

Inc.,

Term

Loan

8.861%

TSFR1M

3.500%

6/02/28

3,297,649

1,114

Creative

Artists

Agency,

LLC

Term

Loan

8.497%

TSFR1M

3.250%

11/27/28

1,120,511

4,431

Dun

Bradstreet

Corporation

(The),

Term

Loan

8.026%

TSFR1M

2.750%

1/18/29

4,443,107

2,533

Ensemble

RCM,

LLC,

Term

Loan

8.252%

TSFR3M

3.000%

8/01/29

2,543,461

1,454

Evertec

Group,

LLC,

Term

Loan

8.497%

TSFR1M

3.250%

10/15/30

1,468,035

6,471

Garda

World

Security

Corporation,

Term

loan

8.832%

SOFR30A

3.500%

2/01/29

6,488,240

8,460

GFL

Environmental

Inc.,

Term

Loan

7.321%

SOFR90A

2.000%

6/27/31

8,477,385

4,496

LABL,

Inc.,

Term

Loan,

First

Lien

10.347%

TSFR1M

5.000%

10/29/28

4,329,000

2,655

OMNIA

Partners

LLC,

Term

Loan

8.533%

SOFR90A

3.250%

7/25/30

2,669,426

7,581

Prime

Security

Services

Borrower,

LLC,

Term

Loan

7.600%

TSFR1M

2.250%

10/15/30

7,602,381

706

Topco,

Inc.,

Term

Loan

8.747%

TSFR1M

3.500%

8/12/30

711,488

13,799

WIN

Waste

Innovations

Holdings,

Inc.,

Term

Loan

(DD1)

8.111%

TSFR1M

2.750%

3/27/28

12,958,470

2,085

XPLOR

LLC,

Term

Loan

9.597%

SOFR90A

4.250%

6/13/31

2,092,819

TOTAL

COMMERCIAL

PROFESSIONAL

SERVICES

75,444,688

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

4.4%

383

Academy,

Ltd.,

Term

Loan

9.207%

SOFR30A

3.750%

11/08/27

384,042

2,105

Barentz

International

B.V.,

Term

Loan

9.435%

SOFR90A

4.000%

3/28/31

2,122,545

7,439

CNT

Holdings

Corp,

Term

Loan

8.752%

TSFR3M

3.500%

11/08/27

7,469,235

3,969

Driven

Holdings,

LLC,

Term

Loan

8.361%

TSFR1M

3.000%

12/18/28

3,945,945

2,479

EOS

Finco

Sarl,

Term

Loan

11.264%

SOFR180A

6.000%

8/03/29

2,071,873

10,285

Frontier

Communications

Corp.,

Term

Loan

8.832%

SOFR90A

3.500%

6/21/31

10,310,713

1,490

Gulfside

Supply

Inc,

Term

Loan

8.286%

SOFR90A

3.000%

5/29/31

1,492,794

6,525

Johnstone

Supply

LLC,

Term

Loan

8.352%

TSFR1M

3.000%

5/16/31

6,529,894

2,965

Kodiak

Building

Partners

Inc.,

Term

Loan

9.085%

SOFR90A

3.750%

3/13/28

2,984,951

7,055

LBM

Acquisition

LLC,

Term

Loan

9.088%

TSFR1M

3.750%

6/06/31

6,872,188

2,569

Les

Schwab

Tire

Centers,

Term

Loan

8.247%

TSFR1M

3.000%

4/16/31

2,574,444

3,105

Mister

Car

Wash

Holdings,

Inc.,

Term

Loan

8.247%

TSFR1M

3.000%

3/27/31

3,114,455

9,013

PetSmart,

Inc.,

Term

Loan

9.097%

TSFR1M

3.750%

2/14/28

8,969,446

549

Restoration

Hardware,

Inc.,

Term

Loan

7.861%

TSFR1M

2.500%

10/15/28

508,132

4,335

Wand

NewCo

Inc.,

Term

loan

8.497%

SOFR30A

3.250%

1/30/31

4,346,293

2,995

White

Cap

Buyer

LLC,

Term

Loan

8.502%

TSFR1M

3.250%

10/19/29

2,981,193

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

66,678,143

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

CONSUMER

DURABLES

APPAREL

1.9%

2,855

ABG

Intermediate

Holdings

LLC,

Term

Loan

7.997%

SOFR30A

2.750%

12/21/28

2,866,739

8,647

Aqua

Merger

Sub,

Inc.,

Term

Loan

First

Lien

8.843%

SOFR30A

3.500%

7/31/28

8,666,898

3,143

Hayward

Industries,

Inc.,

Term

Loan

7.861%

TSFR1M

2.500%

5/30/28

3,149,727

Serta

Simmons

Bedding,

LLC,

Term

Loan

12.949%

SOFR90A

7.500%

6/29/28

25,723

1,507

SRAM,

LLC

Term

Loan

8.111%

TSFR1M

2.750%

5/18/28

1,509,865

821

Topgolf

Callaway

Brands

Corp.,

Term

Loan

8.247%

TSFR1M

3.000%

3/18/30

814,505

4,913

Varsity

Brands

LLC

,Term

Loan

(WI/DD)

TBD

4,898,408

7,931

Weber-Stephen

Products

LLC,

Term

Loan

8.611%

TSFR1M

3.250%

10/29/27

7,449,822

TOTAL

CONSUMER

DURABLES

APPAREL

29,381,687

CONSUMER

SERVICES

9.8%

9,760

1011778

B.C.

Unlimited

Liability

Company,

Term

Loan

6.997%

TSFR1M

1.750%

9/23/30

9,701,294

183

Hour

Fitness

Worldwide,

Inc.,

Exit

Term

Loan

19.571%

3-Month

LIBOR

SOFR90A

1.400%

9/29/26

100,879

364

Hour

Fitness

Worldwide,

Inc.,

Term

Loan

(cash

10.596%,

PIK

5.000%)

10.596%

SOFR90A

5.000%

12/29/25

153,664

1,315

Allwyn

Entertainment

Financing

LLC

,Term

Loan

(WI/DD)

TBD

1,320,760

8,666

Alterra

Mountain

Company,

Term

Loan

8.497%

TSFR1M

3.250%

8/17/28

8,704,765

3,116

Alterra

Mountain

Company,

Term

Loan

8.747%

TSFR1M

3.500%

5/31/30

3,135,812

1,740

AVSC

Holding

Corp.,

Term

Loan

(cash

5.000%,

PIK

10.000%)

5.000%

N/A

12/04/26

1,784,308

4,591

Caesars

Entertainment

Corp,

Term

Loan

7.997%

SOFR30A

2.750%

2/06/30

4,602,482

3,491

Caesars

Entertainment

Inc.,

Term

Loan

7.997%

SOFR30A

2.750%

2/06/31

3,499,001

2,146

Carnival

Corporation,

Term

Loan

7.997%

TSFR1M

2.750%

10/18/28

2,155,667

1,953

Carnival

Corporation,

Term

Loan

7.997%

TSFR1M

2.750%

8/09/27

1,965,153

1,820

Cedar

Fair,

L.P.,

Term

Loan

7.342%

SOFR30A

2.000%

4/18/31

1,825,687

1,766

Churchill

Downs

Incorporated,

Term

Loan

7.347%

TSFR1M

2.000%

3/17/28

1,770,002

15,405

ClubCorp

Holdings,

Inc.,

Term

Loan

10.596%

SOFR90A

5.000%

9/18/26

15,459,263

2,177

Everi

Holdings

Inc.,

Term

Loan

7.861%

SOFR30A

2.500%

8/03/28

2,186,780

8,141

Fertitta

Entertainment,

LLC,

Term

Loan

9.087%

TSFR1M

3.750%

1/29/29

8,138,863

8,333

Flutter

Entertainment

PLC,

Term

Loan

7.585%

SOFR90A

2.250%

11/29/30

8,353,958

3,240

GBT

III

LLC,

Term

loan

8.279%

SOFR90A

3.000%

7/28/31

3,246,075

4,261

GVC

Holdings

(Gibraltar)

Limited,

Term

Loan

8.014%

SOFR180A

2.750%

10/31/29

4,274,861

3,393

Hilton

Grand

Vacations

Borrower

LLC,

Term

Loan

7.747%

TSFR1M

2.500%

8/02/28

3,395,037

853

Hilton

Grand

Vacations

Borrower

LLC,

Term

Loan

7.497%

TSFR1M

2.250%

1/17/31

851,191

5,071

IRB

Holding

Corp,

Term

Loan

8.097%

TSFR1M

2.750%

12/15/27

5,082,064

754

Life

Time

Fitness

Inc

Term

Loan,

First

Lien

9.514%

SOFR90A

4.000%

1/15/26

758,137

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

CONSUMER

SERVICES

(continued)

10,085

Light

and

Wonder

International,

Inc.,

Term

Loan

7.592%

TSFR1M

2.250%

4/16/29

10,109,474

600

Marriott

Ownership

Resorts,

Inc.,

Term

Loan

7.497%

TSFR1M

2.250%

4/01/31

600,126

8,097

Motion

Finco

Sarl,

Term

Loan

8.835%

SOFR90A

3.500%

11/30/29

8,008,756

3,021

Penn

National

Gaming,

Inc.,

Term

Loan

8.097%

TSFR1M

2.750%

4/20/29

3,035,908

3,135

Investment

Company

S.a

r.l.,

Term

Loan

8.835%

SOFR90A

3.500%

3/24/31

3,149,201

3,078

Playa

Resorts

Holding

B.V.,

Term

Loan

8.028%

SOFR30A

2.750%

1/05/29

3,077,771

5,318

Scientific

Games

Holdings

LP,

Term

Loan

8.318%

SOFR90A

3.000%

4/04/29

5,303,440

6,461

SeaWorld

Parks

Entertainment,

Inc.,

Term

Loan

7.747%

TSFR1M

2.500%

8/25/28

6,473,649

10,177

Spin

Holdco

Inc.,

Term

Loan

9.600%

SOFR90A

4.000%

3/06/28

8,703,842

1,653

Station

Casinos

LLC,

Term

Loan

7.497%

TSFR1M

2.250%

3/14/31

1,655,718

5,994

William

Morris

Endeavor

Entertainment,

LLC,

Term

Loan,

First

Lien

8.183%

TSFR1M

2.750%

5/16/25

6,005,236

TOTAL

CONSUMER

SERVICES

148,588,824

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

0.3%

1,790

Cardenas

Markets,

Inc.,

Term

Loan

12.185%

SOFR90A

6.750%

8/01/29

1,801,412

2,874

Foods,

Inc.,

Term

Loan

7.247%

TSFR1M

2.000%

11/22/28

2,892,556

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

4,693,968

ENERGY

1.9%

384

BCP

Renaissance

Parent

LLC,

Term

Loan

8.597%

TSFR3M

3.250%

10/31/28

386,486

3,090

America

LLC

,Term

Loan

(WI/DD)

TBD

3,087,163

2,233

Epic

Crude

Services,

LP,

Term

Loan

10.609%

TSFR3M

5.000%

3/02/26

2,242,371

16,828

Freeport

LNG

Investments,

LLLP,

Term

Loan

8.544%

TSFR3M

3.000%

11/16/26

16,802,972

956

Freeport

LNG

Investments,

LLLP,

Term

Loan

9.044%

SOFR90A

3.500%

12/21/28

951,400

3,994

TransMontaigne

Operating

Company

L.P.,

Term

Loan

6.739%

TSFR1M

3.500%

11/05/28

4,019,715

1,173

Traverse

Midstream

Partners

LLC,

Term

Loan

8.752%

TSFR3M

3.500%

2/16/28

1,177,907

TOTAL

ENERGY

28,668,014

FINANCIAL

SERVICES

1.7%

2,800

AAL

Delaware

Holdco,

Inc.,

Term

loan

8.747%

SOFR30A

3.500%

7/30/31

2,815,316

1,065

Aragorn

Parent

Corporation,

Term

Loan

9.561%

TSFR1M

4.250%

12/15/28

1,070,974

13,596

Boost

Newco

Borrower,

LLC,

Term

loan

7.748%

SOFR90A

2.500%

1/31/31

13,650,588

1,777

(d)

Ditech

Holding

Corporation,

Term

Loan

0.000%

N/A

6/30/24

55,538

Fleetcor

Technologies

Operating

Company,

LLC,

Term

Loan

7.097%

TSFR1M

1.750%

5/01/28

995

1,458

Forward

Air

Corporation,

Term

loan

9.752%

TSFR3M

4.500%

12/19/30

1,437,617

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

FINANCIAL

SERVICES

(continued)

4,340

Kestra

Advisor

Services

Holdings

Inc.,

Term

Loan

9.057%

TSFR3M

4.000%

3/24/31

4,345,881

1,862

NCR

Atleos

LLC,

Term

Loan

10.100%

TSFR1M

4.750%

3/27/29

1,887,085

TOTAL

FINANCIAL

SERVICES

25,263,994

FOOD,

BEVERAGE

TOBACCO

2.2%

837

8th

Avenue

Food

Provisions,

Inc.,

Term

Loan

10.111%

TSFR1M

4.750%

10/01/25

801,250

5,294

8th

Avenue

Food

Provisions,

Inc.,

Term

Loan,

First

Lien

(DD1)

9.111%

TSFR1M

3.750%

10/01/25

5,081,863

2,590

CHG

PPC

Parent

LLC,

Term

Loan

8.361%

TSFR1M

3.000%

12/08/28

2,594,682

536

City

Brewing

Company,

LLC,

First

Lien

10.563%

TSFR3M

3.500%

4/14/28

360,863

1,938

City

Brewing

Company,

LLC,

Term

Loan

9.063%

TSFR3M

3.500%

4/14/28

1,647,186

741

City

Brewing

Company,

LLC,

Term

Loan

11.551%

TSFR3M

6.250%

4/05/28

703,519

3,312

Fiesta

Purchaser,

Inc.,

Term

Loan

9.247%

TSFR1M

4.000%

2/12/31

3,336,218

7,513

Pegasus

BidCo

BV,

Term

Loan

8.868%

TSFR3M

3.750%

7/12/29

7,541,679

3,268

Sycamore

Buyer

LLC,

Term

Loan

7.673%

TSFR1M

2.250%

7/23/29

3,276,175

7,724

Triton

Water

Holdings,

Inc,

Term

Loan

8.846%

SOFR90A

3.250%

3/31/28

7,732,525

930

Triton

Water

Holdings,

Inc,

Term

Loan

9.335%

SOFR90A

4.000%

3/31/28

934,879

TOTAL

FOOD,

BEVERAGE

TOBACCO

34,010,839

HEALTH

CARE

EQUIPMENT

SERVICES

8.2%

2,887

ADMI

Corp.,

Term

Loan

10.997%

TSFR1M

5.750%

12/23/27

2,913,204

2,780

Agiliti

Health,

Inc,

Term

Loan

8.332%

TSFR3M

3.000%

5/01/30

2,764,219

5,471

AHP

Health

Partners,

Inc.,

Term

Loan

8.611%

SOFR30A

3.250%

8/24/28

5,504,882

11,829

Bausch

Lomb,

Inc.,

Term

Loan

8.661%

TSFR1M

3.250%

5/05/27

11,688,923

1,015

Concentra

Health

Services

Inc,

Term

loan

7.526%

SOFR30A

2.250%

6/26/31

1,020,075

3,175

Element

Materials

Technology

Group

Holdings

Inc.,

Term

Loan

9.685%

SOFR90A

4.250%

4/12/29

3,198,521

1,374

Gainwell

Acquisition

Corp.,

Term

Loan

(WI/DD)

TBD

1,253,775

8,300

Global

Medical

Response,

Inc.,

Term

Loan

10.844%

SOFR90A

5.500%

10/02/28

8,268,445

ICON

Luxembourg

S.A.R.L.,

Term

Loan

7.335%

SOFR90A

2.000%

7/03/28

13,729

14,393

Medline

Borrower,

LP,

Term

Loan

7.997%

SOFR30A

2.750%

10/23/28

14,445,095

1,166

Medline

Borrower,

LP,

Term

Loan

7.497%

SOFR30A

2.250%

10/23/28

1,168,478

9,619

National

Mentor

Holdings,

Inc.,

Term

Loan

(DD1)

9.141%

TSFR3M

3.750%

3/02/28

9,300,569

277

National

Mentor

Holdings,

Inc.,

Term

Loan

(DD1)

9.185%

SOFR90A

3.750%

3/02/28

267,519

1,276

Onex

TSG

Intermediate

Corp.,

Term

Loan

10.346%

SOFR90A

4.750%

2/28/28

1,275,748

3,911

Pacific

Dental

Services,

LLC,

Term

Loan

8.592%

TSFR1M

3.250%

3/17/31

3,930,753

3,486

Packaging

Coordinators

Midco,

Inc.,

Term

Loan

8.585%

SOFR90A

3.250%

11/30/27

3,498,649

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

HEALTH

CARE

EQUIPMENT

SERVICES

(continued)

14,315

Parexel

International

Corporation,

Term

loan

8.247%

SOFR30A

3.000%

11/15/28

14,387,872

8,808

Phoenix

Guarantor

Inc,

Term

Loan

8.594%

TSFR1M

3.250%

2/21/31

8,831,694

PRA

Health

Sciences,

Inc.,

Term

Loan

7.335%

SOFR90A

2.000%

7/03/28

3,446

1,593

Select

Medical

Corporation,

Term

Loan

8.247%

TSFR1M

3.000%

3/05/27

1,602,529

Sound

Inpatient

Physicians,

Term

Loan

(cash

9.096%,

PIK

1.500%)

9.096%

SOFR90A

3.500%

6/28/28

80,827

4,492

Star

Parent,

Inc.,

Term

Loan

9.085%

SOFR90A

3.750%

9/30/30

4,473,606

18,021

Surgery

Center

Holdings,

Inc.,

Term

Loan

8.061%

TSFR1M

2.750%

12/19/30

18,079,898

6,805

Team

Health

Holdings,

Inc.,

Term

Loan

10.499%

TSFR3M

5.250%

3/02/27

6,513,001

222

(e)

Vyaire

Medical,

Inc.,

Term

Loan

6.338%

SOFR90A

1.000%

6/14/25

26,268

(e)

Vyaire

Medical,

Inc.,

Term

Loan

6.301%

TSFR2M

1.000%

6/14/25

74,630

303

(d),(e)

Vyaire

Medical,

Inc.,

Term

Loan

11.135%

Prime

SOFR180A

4.250%

4/16/25

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

124,586,385

HOUSEHOLD

PERSONAL

PRODUCTS

0.3%

4,475

Kronos

Acquisition

Holdings

Inc.,

Term

Loan

9.314%

SOFR90A

4.000%

6/27/31

4,428,371

TOTAL

HOUSEHOLD

PERSONAL

PRODUCTS

4,428,371

INSURANCE

6.1%

3,204

Acrisure,

LLC,

Term

Loan

8.344%

SOFR90A

3.000%

2/16/27

3,202,377

1,960

Acrisure,

LLC,

Term

Loan

8.594%

SOFR90A

3.250%

11/06/30

1,950,796

6,239

Alliant

Holdings

Intermediate,

LLC,

Term

Loan

(DD1)

8.811%

TSFR1M

3.500%

11/06/30

6,265,351

10,698

AssuredPartners,

Inc.,

Term

Loan

8.747%

TSFR1M

3.500%

2/14/31

10,729,640

705

Asurion

LLC,

Term

Loan

B11

9.597%

SOFR30A

4.250%

8/21/28

702,352

6,057

Asurion

LLC,

Term

Loan

8.611%

TSFR1M

3.250%

12/23/26

6,037,061

1,424

Asurion

LLC,

Term

Loan

8.611%

TSFR1M

3.250%

7/30/27

1,410,722

15,684

Broadstreet

Partners,

Inc.,

Term

Loan

(DD1)

8.497%

TSFR1M

3.250%

5/12/31

15,698,749

9,400

HUB

International

Limited,

Term

loan

8.240%

SOFR90A

TSFR2M

3.000%

6/20/30

9,416,091

11,025

Ryan

Specialty

Group,

LLC,

Term

Loan

7.997%

TSFR1M

2.750%

9/01/27

11,094,096

7,594

Sedgwick

Claims

Management

Services,

Inc.,

Term

Loan

8.252%

TSFR3M

3.000%

6/27/31

7,612,665

9,130

Truist

Insurance

Holdings

LLC,

First

Lien,

Term

Loan

8.585%

SOFR90A

3.250%

3/22/31

9,153,784

6,060

USI,

Inc.,

Term

Loan

8.085%

SOFR90A

2.750%

11/23/29

6,068,805

3,782

USI,

Inc.,

Term

Loan

8.085%

SOFR90A

2.750%

9/27/30

3,786,199

TOTAL

INSURANCE

93,128,688

MATERIALS

5.4%

1,060

A-AP

Buyer

Inc,

Term

Loan

(WI/

DD)

TBD

1,065,300

3,256

Arsenal

AIC

Parent

LLC,

Term

Loan

8.497%

TSFR1M

3.250%

8/19/30

3,267,144

4,950

Ascend

Performance

Materials

Operations

LLC,

Term

Loan

10.074%

SOFR90A

4.750%

8/27/26

4,824,062

3,104

ASP

Unifrax

Holdings

Inc,

Term

Loan

9.235%

SOFR90A

3.750%

12/12/25

3,037,046

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

MATERIALS

(continued)

4,010

Axalta

Coating

Systems

U.S.

Holdings,

Inc.,

Term

Loan

7.335%

SOFR90A

2.000%

12/20/29

4,027,267

5,941

Berlin

Packaging

LLC,

Term

Loan

9.094%

SOFR30A

SOFR90A

3.750%

5/12/31

5,946,509

5,967

Clydesdale

Acquisition

Holdings

Inc,

Term

Loan

8.422%

SOFR30A

3.175%

4/13/29

5,966,832

4,323

CPC

Acquisition

Corp,

Term

Loan

9.346%

SOFR90A

3.750%

12/29/27

3,607,911

6,344

Discovery

Purchaser

Corporation,

Term

Loan

(DD1)

9.693%

SOFR90A

4.375%

8/03/29

6,351,313

569

INEOS

Quattro

Holdings

Ltd,

Term

Loan

9.097%

TSFR1M

3.750%

3/03/30

570,909

3,059

INEOS

Quattro

Holdings

Ltd,

Term

Loan

First

Lien

9.597%

TSFR1M

4.250%

3/29/29

3,069,943

2,985

Ineos

Finance

LLC,

Term

Loan

8.997%

TSFR1M

3.750%

2/07/31

2,992,463

3,066

Ineos

Finance

LLC,

Term

Loan

8.497%

TSFR1M

3.250%

2/09/30

3,065,992

6,944

Klockner-Pentaplast

America,

Inc.,

Term

Loan

(DD1)

9.723%

TSFR6M

4.725%

2/09/26

6,591,307

3,882

Lonza

Group

AG,

Term

Loan

9.360%

SOFR90A

3.925%

7/03/28

3,741,167

4,975

Nouryon

Finance

B.V.,

Term

Loan

8.628%

TSFR3M

3.500%

4/03/28

5,002,921

248

Nouryon

Finance

B.V.,

Term

Loan

8.821%

TSFR3M

3.500%

4/03/28

249,986

4,745

Proampac

Borrower

LLC,

Term

Loan

9.210%

TSFR3M

4.000%

9/15/28

4,767,197

3,600

Reynolds

Group

Holdings

Inc.

Term

Loan

7.747%

TSFR1M

2.500%

9/25/28

3,608,318

4,574

SupplyOne,

Inc,

Term

Loan

9.497%

TSFR1M

4.250%

4/21/31

4,619,662

2,351

TricorBraun

Holdings,

Inc.,

Term

Loan

8.611%

TSFR1M

3.250%

3/03/28

2,348,596

2,788

Tronox

Finance

LLC,

Term

Loan

7.997%

TSFR1M

2.750%

4/04/29

2,800,155

1,447

Viant

Medical

Holdings,

Inc.,

Term

Loan,

First

Lien

9.111%

TSFR1M

3.750%

7/02/25

1,447,051

TOTAL

MATERIALS

82,969,051

MEDIA

ENTERTAINMENT

4.2%

3,272

Advantage

Sales

Marketing,

Inc.,

Term

Loan

9.833%

SOFR90A

4.250%

10/28/27

3,207,429

6,399

AMC

Entertainment

Holdings,

Inc.

Term

Loan

(DD1)

12.311%

TSFR1M

7.000%

1/04/29

6,391,397

6,699

Cengage

Learning,

Inc.,

Term

Loan

9.538%

SOFR180A

4.250%

3/24/31

6,730,194

244

Checkout

Holding

Corp.,

Term

Loan

14.834%

TSFR1M

9.500%

5/24/30

238,941

2,963

Cinemark

USA,

Inc.,

Term

Loan

8.519%

SOFR30A

SOFR90A

3.250%

5/24/30

2,979,239

8,157

Clear

Channel

Outdoor

Holdings,

Inc.,

Term

Loan

9.361%

SOFR30A

4.000%

8/23/28

8,145,165

7,001

Crown

Finance

US,

Inc.,

Term

Loan

(cash

6.861%,

PIK

7.000%)

6.931%

TSFR1M

4.250%

7/31/28

7,126,639

3,141

DirecTV

Financing,

LLC,

Term

Loan

10.361%

TSFR1M

5.000%

8/02/27

3,163,366

3,724

Dotdash

Meredith

Inc,

Term

Loan

9.442%

SOFR30A

4.000%

12/01/28

3,731,172

1,845

iHeartCommunications,

Inc.,

Term

Loan

8.361%

TSFR1M

3.000%

5/01/26

1,544,200

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

MEDIA

ENTERTAINMENT

(continued)

1,743

iHeartCommunications,

Inc.,

Term

Loan

8.611%

TSFR1M

3.250%

5/01/26

1,464,120

5,723

McGraw-Hill

Global

Education

Holdings,

LLC,

Term

loan

9.228%

SOFR90A

4.000%

8/01/31

5,751,386

706

Mission

Broadcasting,

Inc.,

Term

Loan

7.957%

SOFR30A

2.500%

6/02/28

703,512

7,255

NEP

Group,

Inc.,

Term

Loan

(cash

9.361%,

PIK

1.500%)

9.361%

TSFR1M

4.000%

8/19/26

6,868,714

3,127

Simon

Schuster

Inc,

Term

Loan

9.255%

TSFR3M

4.000%

10/30/30

3,140,531

2,855

Wood

Mackenzie

Limited,

Term

Loan

8.604%

TSFR3M

3.500%

2/10/31

2,876,056

TOTAL

MEDIA

ENTERTAINMENT

64,062,061

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

2.5%

1,629

Amneal

Pharmaceuticals

LLC,

Term

Loan

10.747%

TSFR1M

5.500%

5/04/28

1,659,926

20,823

Jazz

Financing

Lux

S.a.r.l.,

Term

Loan

7.497%

SOFR30A

2.250%

5/05/28

20,864,774

12,624

Organon

Co,

Term

Loan

7.842%

TSFR1M

2.500%

5/14/31

12,710,471

2,593

Perrigo

Investments,

LLC,

Term

Loan

7.597%

TSFR1M

2.250%

4/05/29

2,592,123

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

37,827,294

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.6%

2,494

Cushman

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

8.997%

TSFR1M

3.750%

1/31/30

2,506,219

6,589

Cushman

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

8.247%

TSFR1M

3.000%

1/31/30

6,589,262

Cushman

Wakefield

U.S.

Borrower,

LLC,

Term

Loan

8.111%

TSFR1M

2.750%

8/21/25

69,051

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

9,164,532

SOFTWARE

SERVICES

14.3%

987

Ahead

Holdings,

LLC,

Term

Loan

8.798%

SOFR30A

3.500%

2/03/31

989,833

2,155

Amazon

Holdco

Inc

,Term

Loan

(WI/DD)

TBD

2,153,653

1,440

Applied

Systems,

Inc.,

Term

Loan,

First

Lien

8.286%

SOFR90A

3.000%

2/24/31

1,448,295

3,333

AppLovin

Corporation,

Term

Loan

(DD1)

7.747%

TSFR1M

2.500%

10/25/28

3,342,157

863

AppLovin

Corporation,

Term

Loan

7.747%

TSFR1M

2.500%

8/18/30

865,266

520

Apttus

Corporation,

Term

loan

8.557%

TSFR3M

3.500%

5/08/28

524,302

7,315

Avaya,

Inc.,

Term

Loan

12.747%

TSFR3M

0.000%

8/01/28

6,532,477

12,532

Banff

Merger

Sub

Inc,

Term

loan

9.005%

TSFR3M

3.750%

7/30/31

12,519,063

10,862

Camelot

U.S.

Acquisition

LLC,

Term

Loan

7.997%

TSFR1M

2.750%

1/31/31

10,883,956

1,030

CCC

Intelligent

Solutions

Inc.,

Term

Loan

7.611%

TSFR1M

2.250%

9/21/28

1,032,182

7,785

Cotiviti

Corporation,

Term

Loan

8.592%

SOFR30A

3.250%

4/30/31

7,800,085

3,625

Drake

Software,

LLC,

Term

Loan

9.595%

SOFR90A

4.250%

6/05/31

3,534,375

1,351

(f)

Epicor

Software

Corporation,

Term

Loan

8.497%

SOFR30A

3.250%

5/23/31

1,358,369

11,518

Epicor

Software

Corporation,

Term

Loan

8.497%

SOFR30A

3.250%

5/23/31

11,577,480

4,579

Fortress

Intermediate

Inc,

Term

Loan

9.002%

TSFR1M

3.750%

5/08/31

4,590,448

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

SOFTWARE

SERVICES

(continued)

7,368

Genesys

Cloud

Services

Holdings

LLC,

First

Lien,

Term

Loan

8.747%

TSFR1M

3.500%

12/01/27

7,408,075

597

Genesys

Cloud

Services

Holdings

LLC,

Term

Loan

9.111%

TSFR1M

3.750%

12/01/27

600,881

2,079

IGT

Holding

AB,

Term

Loan

8.972%

SOFR90A

3.400%

3/29/28

2,087,774

8,119

Informatica

LLC,

Term

Loan

(DD1)

7.497%

TSFR1M

2.250%

10/30/28

8,153,400

3,497

Instructure

Holdings,

Inc.,

Term

Loan

8.074%

TSFR3M

2.750%

10/30/28

3,511,547

5,500

Leia

Finco

LLC

,Term

Loan

(WI/DD)

TBD

5,459,905

1,000

Maximus,

Inc.,

Term

Loan

7.247%

TSFR1M

2.000%

5/30/31

1,004,845

9,792

McAfee,

LLC,

Term

Loan

8.592%

SOFR30A

3.250%

3/01/29

9,778,222

9,130

Mitchell

International,

Inc.,

Term

Loan

(DD1)

8.497%

TSFR1M

3.250%

6/06/31

9,062,392

12,196

Open

Text

Corporation,

Term

Loan

7.497%

TSFR1M

2.250%

1/31/30

12,272,286

1,951

Peraton

Corp.,

Term

Loan

9.097%

TSFR1M

3.750%

2/01/28

1,913,742

3,130

Perforce

Software,

Inc.,

Term

Loan

9.997%

TSFR1M

4.750%

3/24/31

3,132,942

3,567

Perforce

Software,

Inc.,

Term

Loan

9.097%

TSFR1M

3.750%

7/01/26

3,566,122

4,630

Press

Ganey

Holdings,

Inc.,

Term

Loan

8.747%

TSFR1M

3.500%

4/24/31

4,624,213

2,109

Quartz

Acquireco

LLC,

Term

Loan

8.085%

SOFR90A

2.750%

6/28/30

2,115,326

4,611

Rackspace

Technology

Global,

Inc.,

Term

Loan,

First

Lien

11.654%

SOFR30A

6.250%

5/15/28

4,670,693

10,333

Rackspace

Technology

Global,

Inc.,

Term

Loan,

First

Lien

8.154%

TSFR1M

2.750%

5/15/28

5,166,534

6,868

Rocket

Software,

Inc.,

Term

Loan

9.997%

TSFR1M

4.750%

11/28/28

6,877,552

7,290

Sophia,

L.P.,

Term

Loan

8.847%

TSFR1M

3.500%

10/29/29

7,318,538

975

SS&C

Technologies

Inc.,

Term

Loan

7.247%

TSFR1M

2.000%

5/09/31

978,577

8,953

Syniverse

Holdings,

Inc.,

Term

Loan

12.335%

SOFR90A

7.000%

5/10/29

8,828,512

4,552

Tempo

Acquisition

LLC,

Term

Loan

7.497%

TSFR1M

2.250%

8/31/28

4,570,220

15,540

Ultimate

Software

Group

Inc

(The),

Term

Loan

8.555%

SOFR90A

3.250%

2/10/31

15,593,885

5,397

Vision

Solutions,

Inc.,

Term

Loan

9.514%

SOFR90A

4.000%

4/24/28

5,299,822

4,825

Buyer,

LLC,

Term

Loan

8.587%

TSFR1M

3.250%

4/14/31

4,841,091

2,821

West

Corporation,

Term

Loan

9.502%

SOFR90A

4.000%

4/12/27

2,687,332

7,631

Zelis

Payments

Buyer,

Inc.,

Term

Loan

7.997%

TSFR1M

2.750%

9/28/29

7,650,753

TOTAL

SOFTWARE

SERVICES

218,327,122

TECHNOLOGY

HARDWARE

EQUIPMENT

1.6%

9,598

CommScope,

Inc.,

Term

Loan

(DD1)

8.611%

TSFR1M

3.250%

4/06/26

9,154,270

10,921

Delta

TopCo,

Inc.,

Term

Loan

8.846%

TSFR3M

3.500%

12/03/29

10,958,688

3,331

Ingram

Micro

Inc.,

Term

Loan

8.596%

SOFR90A

3.000%

7/03/28

3,347,607

3,526

MLN

HoldCo

LLC,

Term

Loan

12.079%

SOFR90A

6.700%

10/18/27

387,925

6,070

MLN

HoldCo

LLC,

Term

Loan,

First

Lien

9.947%

SOFR90A

4.500%

12/01/25

379,389

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

TECHNOLOGY

HARDWARE

EQUIPMENT

(continued)

1,364

Riverbed

Technology,

Inc.,

Term

Loan

4.917%

3-Month

LIBOR

SOFR90A

2.250%

7/03/28

840,166

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

25,068,045

TELECOMMUNICATION

SERVICES

3.8%

1,691

Altice

France

S.A.,

Term

Loan

B12

9.250%

3-Month

LIBOR

3.688%

2/02/26

1,383,962

5,029

Altice

France

S.A.,

Term

Loan

B13

9.380%

3-Month

LIBOR

4.000%

8/14/26

4,035,815

1,468

Cablevision

Lightpath

LLC,

Term

Loan

8.701%

TSFR1M

3.250%

12/01/27

1,463,226

5,612

Cincinnati

Bell,

Inc.,

Term

Loan

8.597%

TSFR1M

3.250%

11/24/28

5,610,919

4,797

(d)

Cyxtera

Holdings,

Inc.,

Term

Loan

0.000%

N/A

5/01/25

26,384

1,661

Digicel

International

Finance

Limited,

Term

Loan

(cash

12.002%,

PIK

1.500%)

12.002%

SOFR90A

6.750%

5/27/27

1,637,530

5,081

Iridium

Satellite

LLC,

Term

Loan

7.497%

N/A

9/20/30

5,070,778

6,187

Level

Financing

Inc.,

Term

Loan

(DD1)

11.838%

TSFR1M

6.560%

4/16/29

6,242,926

6,618

Level

Financing

Inc.,

Term

Loan

(DD1)

11.838%

TSFR1M

6.560%

4/15/30

6,668,800

1,996

Lumen

Technologies,

Inc.,

Term

Loan

(WI/DD)

TBD

1,577,918

667

Numericable

Group

SA,

Term

Loan

B11

8.264%

3-Month

LIBOR

2.750%

7/31/25

594,007

16,911

Zayo

Group

Holdings,

Inc.,

Term

Loan

(DD1)

8.247%

TSFR1M

3.000%

3/09/27

15,655,866

7,371

Ziggo

Financing

Partnership,

Term

Loan

7.951%

SOFR30A

2.500%

4/28/28

7,280,482

TOTAL

TELECOMMUNICATION

SERVICES

57,248,613

TRANSPORTATION

2.5%

3,208

AAdvantage

Loyalty

Ltd.,

Term

Loan

10.294%

TSFR3M

4.750%

4/20/28

3,323,768

4,639

Air

Canada,

Term

Loan

7.847%

SOFR90A

2.500%

3/21/31

4,646,121

418

Brown

Group

Holding,

LLC,

Term

Loan

7.997%

SOFR30A

2.750%

7/01/31

418,525

2,609

Brown

Group

Holding,

LLC,

Term

Loan

7.935%

TSFR3M

2.750%

7/01/31

2,612,357

1,190

First

Student

Bidco

Inc,

Term

Loan

8.596%

SOFR90A

3.000%

7/21/28

1,194,507

363

First

Student

Bidco

Inc,

Term

Loan

8.596%

SOFR90A

3.000%

7/21/28

364,124

6,500

Genesee

Wyoming

Inc.

(New),

Term

Loan

7.335%

SOFR90A

2.000%

4/10/31

6,506,435

4,867

KKR

Apple

Bidco,

LLC,

Term

Loan

8.111%

TSFR1M

2.750%

9/25/28

4,881,470

2,931

KKR

Apple

Bidco,

LLC,

Term

Loan

8.747%

TSFR1M

3.500%

9/23/28

2,944,919

916

PODS,

LLC,

Term

Loan

8.514%

TSFR3M

3.000%

3/31/28

853,268

464

SkyMiles

Ltd.,

Term

Loan

9.032%

TSFR3M

3.750%

10/20/27

474,217

5,087

United

Airlines,

Inc.,

Term

Loan

8.033%

TSFR3M

2.750%

2/24/31

5,111,084

4,748

WestJet

Loyalty

LP,

Term

Loan

9.082%

SOFR90A

3.750%

2/14/31

4,736,379

TOTAL

TRANSPORTATION

38,067,174

Principal

Amount

(000)

Description

(a)

Coupon

(b)

Reference

Rate

(b)

Spread

(b)

Maturity

(c)

Value

UTILITIES

2.1%

1,530

Hamilton

Projects

Acquiror,

LLC

Term

Loan

8.831%

SOFR30A

3.750%

5/30/31

1,544,612

2,280

Pacific

Gas

Electric

Company,

Term

Loan

7.747%

TSFR1M

2.500%

6/23/27

2,293,304

13,648

Talen

Energy

Supply,

LLC,

Term

Loan

8.596%

TSFR3M

3.500%

5/17/30

13,745,601

11,171

Talen

Energy

Supply,

LLC,

Term

Loan

8.596%

TSFR3M

3.500%

5/17/30

11,251,345

2,968

Vistra

Zero

Operating

Company,

LLC,

Term

Loan

7.997%

TSFR1M

2.750%

4/30/31

2,987,415

TOTAL

UTILITIES

31,822,277

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(cost

$1,304,446,342)

1,301,028,836

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

CORPORATE

BONDS

163,387,840

AUTOMOBILES

COMPONENTS

0.1%

1,000

(g)

Clarios

Global

Clarios

Finance

6.750%

5/15/28

1,028,133

525

(g)

Dana

Financing

Luxembourg

Sarl

5.750%

4/15/25

523,303

TOTAL

AUTOMOBILES

COMPONENTS

1,551,436

CAPITAL

GOODS

0.5%

2,000

(g)

Elevator

Newco

Inc

5.250%

7/15/27

1,968,920

5,000

(g)

TransDigm

Inc

6.875%

12/15/30

5,221,160

TOTAL

CAPITAL

GOODS

7,190,080

COMMERCIAL

PROFESSIONAL

SERVICES

2.0%

1,500

(g)

Allied

Universal

Holdco

LLC/Allied

Universal

Finance

Corp/

Atlas

Luxco

Sarl

4.625%

6/01/28

1,389,130

3,750

(g)

Boost

Newco

Borrower

LLC

7.500%

1/15/31

3,998,438

2,000

(g)

Garda

World

Security

Corp

4.625%

2/15/27

1,950,005

12,050

(g)

GFL

Environmental

Inc

5.125%

12/15/26

12,003,287

10,905

(g)

Prime

Security

Services

Borrower

LLC

Prime

Finance

Inc

5.750%

4/15/26

10,925,491

250

(g)

Prime

Security

Services

Borrower

LLC

Prime

Finance

Inc

6.250%

1/15/28

249,044

TOTAL

COMMERCIAL

PROFESSIONAL

SERVICES

30,515,395

CONSUMER

SERVICES

0.8%

3,000

(g)

1011778

ULC

New

Red

Finance

Inc

4.000%

10/15/30

2,747,944

1,000

(g)

Caesars

Entertainment

Inc

7.000%

2/15/30

1,035,568

1,000

(g)

Fertitta

Entertainment

LLC

Fertitta

Entertainment

Finance

Inc

4.625%

1/15/29

935,503

5,500

(g)

Life

Time

Inc

5.750%

1/15/26

5,500,902

3,000

(g)

Merlin

Entertainments

Group

Holdings

Inc

7.375%

2/15/31

2,988,903

TOTAL

CONSUMER

SERVICES

13,208,820

ENERGY

0.9%

265

(g)

Borr

IHC

Ltd

Borr

Finance

LLC

10.000%

11/15/28

277,497

8,000

(g)

Citgo

Petroleum

Corp

7.000%

6/15/25

8,004,832

4,000

Matador

Resources

5.875%

9/15/26

4,000,020

1,000

(g)

Weatherford

International

Ltd

8.625%

4/30/30

1,037,867

TOTAL

ENERGY

13,320,216

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

0.2%

3,000

(g)

RLJ

Lodging

Trust

3.750%

7/01/26

2,900,324

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

2,900,324

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

HEALTH

CARE

EQUIPMENT

SERVICES

1.5%

5,375

(g)

CHS/Community

Health

Systems

Inc

8.000%

12/15/27

5,384,224

2,000

(g)

CHS/Community

Health

Systems

Inc

10.875%

1/15/32

2,165,042

2,020

(g)

Global

Medical

Response

Inc

10.000%

10/31/28

2,015,051

1,625

(g)

Radiology

Partners

Inc,

(cash

4.275%,

PIK

3.500%)

7.775%

1/31/29

1,562,031

2,000

(g)

Select

Medical

Corp

6.250%

8/15/26

2,009,884

6,113

(g)

Team

Health

Holdings

Inc,

(cash

9.000%,

PIK

4.500%)

13.500%

6/30/28

6,812,381

2,500

Tenet

Healthcare

Corp

4.625%

6/15/28

2,442,905

500

(h)

Tenet

Healthcare

Corp

6.125%

10/01/28

500,920

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

22,892,438

INSURANCE

0.5%

4,100

(g)

Alliant

Holdings

Intermediate

LLC

Alliant

Holdings

Co-Issuer

4.250%

10/15/27

3,951,531

4,000

(g)

HUB

International

Ltd

7.250%

6/15/30

4,176,988

TOTAL

INSURANCE

8,128,519

MATERIALS

0.9%

1,875

(g),(h)

Ardagh

Metal

Packaging

Finance

USA

LLC

Ardagh

Metal

Packaging

Finance

PLC

4.000%

9/01/29

1,615,782

1,500

(g)

Arsenal

AIC

Parent

LLC

8.000%

10/01/30

1,612,717

3,750

Ball

Corp

6.000%

6/15/29

3,858,563

2,280

(g)

LABL

Inc

9.500%

11/01/28

2,330,192

2,000

(g)

Pactiv

Evergreen

Group

Issuer

Inc/Pactiv

Evergreen

Group

Issuer

LLC

4.000%

10/15/27

1,909,424

1,000

(g)

Pactiv

Evergreen

Group

Issuer

Inc/Pactiv

Evergreen

Group

Issuer

LLC

4.375%

9/30/28

950,062

1,175

(g)

Grace

Holdings

LLC

4.875%

6/15/27

1,149,030

TOTAL

MATERIALS

13,425,770

MEDIA

ENTERTAINMENT

0.8%

2,900

(g)

Clear

Channel

Outdoor

Holdings

Inc

5.125%

8/15/27

2,833,045

iHeartCommunications

Inc

6.375%

5/01/26

6,536

2,000

(g)

McGraw-Hill

Education

Inc

5.750%

8/01/28

1,960,247

500

(g),(h)

Outfront

Media

Capital

LLC

Outfront

Media

Capital

Corp

5.000%

8/15/27

496,524

7,000

(g)

Ziggo

Bond

6.000%

1/15/27

6,976,609

TOTAL

MEDIA

ENTERTAINMENT

12,272,961

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

0.2%

3,000

(g),(h)

Organon

Foreign

Debt

Co-Issuer

5.125%

4/30/31

2,809,631

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

2,809,631

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.1%

2,000

(g)

Cushman

Wakefield

Borrower

LLC

6.750%

5/15/28

2,028,767

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

2,028,767

SOFTWARE

SERVICES

0.1%

2,240

(g)

Open

Text

Holdings

Inc

4.125%

12/01/31

2,039,697

TOTAL

SOFTWARE

SERVICES

2,039,697

TECHNOLOGY

HARDWARE

EQUIPMENT

0.3%

4,350

(g)

CommScope

LLC

6.000%

3/01/26

4,186,875

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

4,186,875

TELECOMMUNICATION

SERVICES

1.2%

7,284

(g)

Frontier

Communications

Holdings

LLC

5.875%

10/15/27

7,255,414

7,910

(g)

Level

Financing

Inc

10.500%

5/15/30

8,475,328

2,000

(g)

Level

Financing

Inc

10.500%

4/15/29

2,143,940

TOTAL

TELECOMMUNICATION

SERVICES

17,874,682

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

TRANSPORTATION

0.3%

3,287

(g)

Air

Canada

3.875%

8/15/26

3,171,737

1,500

(g)

United

Airlines

Inc

4.625%

4/15/29

1,427,851

TOTAL

TRANSPORTATION

4,599,588

UTILITIES

0.3%

496

Pacific

Gas

and

Electric

3.150%

1/01/26

484,936

497

Pacific

Gas

and

Electric

4.500%

7/01/40

430,137

2,602

PG&E

Corp

5.000%

7/01/28

2,548,485

1,000

PG&E

Corp

5.250%

7/01/30

979,083

TOTAL

UTILITIES

4,442,641

TOTAL

CORPORATE

BONDS

(cost

$159,876,939)

163,387,840

Description

(a)

Value

–

EXCHANGE-TRADED

FUNDS

37,485,329

1,540,737

Invesco

Senior

Loan

ETF

32,463,329

120,000

SPDR

Blackstone

Senior

Loan

ETF

5,022,000

TOTAL

EXCHANGE-TRADED

FUNDS

(cost

$37,591,586)

37,485,329

Description

(a)

Value

–

COMMON

STOCKS

19,905,546

BANKS

0.0%

205

(e),(i)

Bloom

Parent

Inc

204,614

TOTAL

BANKS

204,614

CAPITAL

GOODS

0.0%

2,687

(i)

TNT

Crane

Rigging

Inc

3,136

4,761

(i)

TNT

Crane

Rigging

Inc

TOTAL

CAPITAL

GOODS

3,183

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

0.0%

(e),(i)

Belk

Inc

792

14,352

(i)

EJF

SIDECAR

FUND,

SERIES

LLC

14,352

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

15,144

CONSUMER

SERVICES

0.0%

76,044

(i)

Hour

Fitness

Worldwide

Inc

1,901

159,883

(i)

Hour

Fitness

Worldwide

Inc

799

17,726

(i)

Cengage

Learning

Holdings

Inc

307,546

953

(i)

Crown

Finance

Inc

18,822

TOTAL

CONSUMER

SERVICES

329,068

ENERGY

0.2%

2,246

Chord

Energy

Corp

333,374

211,470

(i)

Talos

Energy

Inc

2,425,561

76,990

(i)

Transocean

Ltd

364,932

5,884

(i)

Vantage

Drilling

International

Ltd

158,868

TOTAL

ENERGY

3,282,735

HEALTH

CARE

EQUIPMENT

SERVICES

0.0%

61,430

(e),(i)

Millennium

Health

LLC

6,143

57,666

(e),(i)

Millennium

Health

LLC

577

52,393

(i)

Onex

Carestream

Finance

91,688

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

98,408

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Description

(a)

Value

MEDIA

ENTERTAINMENT

0.3%

7,105

(i)

Catalina

Marketing

Corp

391

240,775

(i)

Cineworld

Group

PLC

4,755,306

TOTAL

MEDIA

ENTERTAINMENT

4,755,697

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

0.0%

63,592

(i)

Bright

Bidco

36,184

46,554

(i)

Bright

Bidco

26,489

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

62,673

SOFTWARE

SERVICES

0.2%

262,085

(i)

Avaya

Inc

1,834,595

57,126

(i)

Avaya

Inc

399,882

TOTAL

SOFTWARE

SERVICES

2,234,477

TECHNOLOGY

HARDWARE

EQUIPMENT

0.0%

24,672

(i)

Windstream

Services

LLC

335,120

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

335,120

TELECOMMUNICATION

SERVICES

0.0%

18,781

(i)

Windstream

Services

LLC

255,102

TOTAL

TELECOMMUNICATION

SERVICES

255,102

TRANSPORTATION

0.0%

1,018

(i)

ACBL

HLDG

CORP

45,810

TOTAL

TRANSPORTATION

45,810

UTILITIES

0.6%

3,300

(e),(i),(j)

Vistra

Vision

LLC

8,283,515

TOTAL

UTILITIES

8,283,515

TOTAL

COMMON

STOCKS

(cost

$36,553,332)

19,905,546

Description

(a)

Coupon

Value

–

CONVERTIBLE

PREFERRED

SECURITIES

258,780

TRANSPORTATION

0.0%

4,313

ACBL

HLDG

CORP

0.000%

258,780

TOTAL

TRANSPORTATION

258,780

TOTAL

CONVERTIBLE

PREFERRED

SECURITIES

(cost

$131,546)

258,780

Description

(a)

Value

–

WARRANTS

246,755

ENERGY

0.0%

500

California

Resources

Corp

8,525

TOTAL

ENERGY

8,525

TELECOMMUNICATION

SERVICES

0.0%

Intelsat

SA/Luxembourg

TOTAL

TELECOMMUNICATION

SERVICES

TRANSPORTATION

0.0%

3,029

ACBL

HLDG

CORP

181,740

1,071

ACBL

HLDG

CORP

48,195

15,145

(e)

American

Commercial

Barge

Line

LLC

5,301

Description

(a)

Value

TRANSPORTATION

(continued)

11,952

(e)

American

Commercial

Barge

Line

LLC

2,988

TOTAL

TRANSPORTATION

238,224

TOTAL

WARRANTS

(cost

$618,953)

246,755

TOTAL

LONG-TERM

INVESTMENTS

(cost

$1,539,218,698)

1,522,313,086

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

0.3%

4,084,766

(k)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.290%(l)

4,084,766

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$4,084,766)

4,084,766

Description

(a)

Coupon

Value

SHORT-TERM

INVESTMENTS

1.1%

–

INVESTMENT

COMPANIES

1.1%

17,389,009

BlackRock

Liquidity

Funds

T-Fund

5.167%(m)

17,389,009

TOTAL

INVESTMENT

COMPANIES

(cost

$17,389,009)

17,389,009

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$17,389,009)

17,389,009

TOTAL

INVESTMENTS

(cost

1,560,692,473

)

101

1,543,786,861

OTHER

ASSETS

LIABILITIES,

NET

- (1.4)%

(

21,314,107

)

NET

ASSETS

100%

1,522,472,754

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Senior

loans

generally

pay

interest

rates

which

are

periodically

adjusted

reference

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

the

Secured

Overnight

Financing

Rate

(“SOFR”),

(ii)

the

prime

rate

offered

one

major

United

States

banks.

Senior

loans

may

considered

restricted

that

the

Fund

ordinarily

contractually

obligated

receive

approval

from

the

agent

bank

and/or

borrower

prior

the

disposition

senior

loan.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(c)

Senior

loans

generally

are

subject

mandatory

and/or

optional

prepayment.

Because

these

mandatory

prepayment

conditions

and

because

there

may

significant

economic

incentives

for

borrower

prepay,

prepayments

senior

loans

may

occur.

result,

the

actual

remaining

maturity

senior

loans

held

may

substantially

less

than

the

stated

maturities

shown.

(d)

Defaulted

security.

security

whose

issuer

has

failed

fully

pay

principal

and/or

interest

when

due,

under

the

protection

bankruptcy.

(e)

For

fair

value

measurement

disclosure

purposes,

investment

classified

Level

(f)

Investment,

portion

investment,

represents

outstanding

unfunded

senior

loan

commitment.

(g)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$148,136,255

9.6%

Total

Investments.

(h)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$3,915,501.

(i)

Non-income

producing;

issuer

has

not

declared

ex-dividend

date

within

the

past

twelve

months.

(j)

March

2024,

Vistra

Corp.

(“Vistra”)

completed

its

acquisition

Energy

Harbor

Corp

(“ENGH”).

ENGH

was

merged

into

newly

formed

subsidiary

Vistra,

Vistra

Vision.

connection

with

the

transaction,

holders

ENGH

common

stock

received

combination

cash

and

membership

interests

Vistra

Vision.

These

Vistra

Vision

interests

were

issued

private

transaction

and

may

have

reduced

secondary

market

liquidity.

September

18,

2024,

Vistra

and

Nuveen

agreed

terms

for

the

sale

the

Vistra

Vision

interest.

exchange

for

its

membership

interest

Vistra

Vision,

Nuveen

will

receive

series

cash

payments

from

Vistra

through

December

31,

2026.

(k)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(l)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

(m)

The

rate

shown

the

annualized

seven-day

subsidized

yield

end

the

reporting

period.

Nuveen

Floating

Rate

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

DD1

Portion

investment

purchased

delayed

delivery

basis.

ETF

Exchange-Traded

Fund

LIBOR

London

Inter-Bank

Offered

Rate

N/A

Not

Applicable.

PIK

Payment-in-kind

(“PIK”)

security. Depending

the

terms

the

security,

income

may

received

the

form

cash,

securities,

combination

both. The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

the

last

PIK

payment

made

the

issuer

the

end

the

reporting

period.

SOFR

180A

180

Day

Average

Secured

Overnight

Financing

Rate

SOFR

30A

Day

Average

Secured

Overnight

Financing

Rate

SOFR

90A

Day

Average

Secured

Overnight

Financing

Rate

SPDR

Standard

Poor's

Depositary

Receipt

TBD

Senior

loan

purchased

when-issued

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

the

settlement

date

the

transaction.

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

coupon

rate

not

available

prior

settlement.

settlement,

still

unknown,

the

borrower

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

WI/DD

When-issued

delayed

delivery

security.

See

Notes

Financial

Statements

Nuveen

High

Yield

Income

Fund

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

96.5%

–

CORPORATE

BONDS

513,684,897

AUTOMOBILES

COMPONENTS

3.1%

1,825

Dana

Inc

4.250%

9/01/30

1,643,575

1,800

(b),(c)

Dornoch

Debt

Merger

Sub

Inc

6.625%

10/15/29

1,520,538

2,700

(c)

Garrett

Motion

Holdings

Inc

Garrett

Sarl

7.750%

5/31/32

2,794,192

2,000

(b)

Goodyear

Tire

Rubber

Co/The

5.625%

4/30/33

1,761,711

2,900

(c)

IHO

Verwaltungs

GmbH,

(cash

6.375%,

PIK

7.125%)

6.375%

5/15/29

2,845,702

2,000

(c)

IHO

Verwaltungs

GmbH,

(cash

6.000%,

PIK

6.750%)

6.000%

5/15/27

1,970,728

3,170

(c)

Phinia

Inc

6.750%

4/15/29

3,252,949

2,225

(c)

Tenneco

Inc

8.000%

11/17/28

2,080,410

2,500

(c)

North

America

Capital

Inc

6.750%

4/23/30

2,569,885

TOTAL

AUTOMOBILES

COMPONENTS

20,439,690

CAPITAL

GOODS

2.9%

1,800

(c)

Albion

Financing

Sarl

8.750%

4/15/27

1,839,486

3,750

(c)

Alta

Equipment

Group

Inc

9.000%

6/01/29

3,407,365

1,425

(c)

Arcosa

Inc

6.875%

8/15/32

1,485,469

1,325

(c)

Brand

Industrial

Services

Inc

10.375%

8/01/30

1,443,683

1,750

(c)

EquipmentShare.com

Inc

8.625%

5/15/32

1,829,975

2,665

(c)

Herc

Holdings

Inc

6.625%

6/15/29

2,741,062

4,000

(c)

Masterbrand

Inc

7.000%

7/15/32

4,120,024

1,500

(c)

TransDigm

Inc

6.875%

12/15/30

1,566,348

1,000

(c)

Trinity

Industries

Inc

7.750%

7/15/28

1,047,894

TOTAL

CAPITAL

GOODS

19,481,306

COMMERCIAL

PROFESSIONAL

SERVICES

2.6%

1,365

(c)

Brink's

Co/The

6.500%

6/15/29

1,412,420

3,325

(c)

Garda

World

Security

Corp

8.250%

8/01/32

3,379,370

1,900

(c)

Prime

Security

Services

Borrower

LLC

Prime

Finance

Inc

6.250%

1/15/28

1,892,737

4,690

(c)

Donnelley

Sons

9.500%

8/01/29

4,646,468

3,650

(c)

Donnelley

Sons

10.875%

8/01/29

3,572,375

2,000

(c)

Topco

Inc

8.500%

8/15/30

2,102,808

TOTAL

COMMERCIAL

PROFESSIONAL

SERVICES

17,006,178

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

4.5%

4,526

(c)

Carvana

Co,

(cash

13.000%,

PIK

13.000%)

13.000%

6/01/30

4,832,016

4,240

(c)

Carvana

Co,

(cash

12.000%,

PIK

12.000%)

12.000%

12/01/28

4,400,966

1,000

(c)

Cougar

Subsidiary

LLC

8.000%

5/15/32

1,054,748

2,225

(c)

Gap

Inc/The

3.875%

10/01/31

1,922,125

1,425

(c)

Group

Automotive

Inc

6.375%

1/15/30

1,449,671

3,000

Kohl's

Corp

4.625%

5/01/31

2,478,537

1,485

(c)

LCM

Investments

Holdings

LLC

8.250%

8/01/31

1,578,929

3,500

(c)

Macy's

Retail

Holdings

LLC

6.125%

3/15/32

3,347,900

9,250

(c)

Michaels

Cos

Inc/The

7.875%

5/01/29

5,415,135

1,450

(c)

Michaels

Cos

Inc/The

5.250%

5/01/28

1,138,458

2,200

(c)

Velocity

Vehicle

Group

LLC

8.000%

6/01/29

2,288,255

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

29,906,740

CONSUMER

DURABLES

APPAREL

0.3%

1,750

(b)

Newell

Brands

Inc

6.625%

9/15/29

1,747,311

TOTAL

CONSUMER

DURABLES

APPAREL

1,747,311

CONSUMER

SERVICES

3.2%

1,895

(c)

1011778

ULC

New

Red

Finance

Inc

6.125%

6/15/29

1,935,316

2,000

(c)

Churchill

Downs

Inc

4.750%

1/15/28

1,950,310

3,790

(c)

Cinemark

USA

Inc

7.000%

8/01/32

3,933,891

Nuveen

High

Yield

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

CONSUMER

SERVICES

(continued)

2,680

(c)

Flutter

Treasury

Designated

Activity

6.375%

4/29/29

2,764,937

2,990

(c)

Hilton

Domestic

Operating

Inc

5.875%

4/01/29

3,047,022

2,455

(c)

Hilton

Grand

Vacations

Borrower

Escrow

LLC

Hilton

Grand

Vacations

Borrower

Esc

6.625%

1/15/32

2,484,588

2,700

(c)

Merlin

Entertainments

Group

Holdings

Inc

7.375%

2/15/31

2,690,013

2,475

(c)

Six

Flags

Entertainment

Corp

Six

Flags

Theme

Parks

Inc

6.625%

5/01/32

2,547,463

TOTAL

CONSUMER

SERVICES

21,353,540

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

0.7%

2,785

(c)

Albertsons

Cos

Inc

Safeway

Inc

New

Albertsons

LLC

6.500%

2/15/28

2,820,874

1,570

Walgreens

Boots

Alliance

Inc

8.125%

8/15/29

1,572,708

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

4,393,582

ENERGY

12.2%

3,240

(c)

Archrock

Partners

Archrock

Partners

Finance

Corp

6.625%

9/01/32

3,280,412

2,600

(c)

Baytex

Energy

Corp

7.375%

3/15/32

2,692,781

2,800

(c)

Blue

Racer

Midstream

LLC

Blue

Racer

Finance

Corp

7.000%

7/15/29

2,912,451

2,890

(c)

Borr

IHC

Ltd

Borr

Finance

LLC

10.000%

11/15/28

3,027,236

5,200

(c)

Buckeye

Partners

6.875%

7/01/29

5,318,092

1,440

(c)

Civitas

Resources

Inc

8.375%

7/01/28

1,518,140

1,530

(c)

CNX

Midstream

Partners

4.750%

4/15/30

1,427,009

2,500

(c)

CQP

Holdco

BIP-V

Chinook

Holdco

LLC

5.500%

6/15/31

2,450,852

2,500

(c)

CQP

Holdco

BIP-V

Chinook

Holdco

LLC

7.500%

12/15/33

2,701,115

3,575

(c)

Delek

Logistics

Partners

Delek

Logistics

Finance

Corp

8.625%

3/15/29

3,759,031

1,890

(c)

EQM

Midstream

Partners

6.375%

4/01/29

1,943,028

1,695

Genesis

Energy

Genesis

Energy

Finance

Corp

7.875%

5/15/32

1,739,368

4,560

(c)

Global

Partners

GLP

Finance

Corp

8.250%

1/15/32

4,740,444

3,790

(c)

Harvest

Midstream

7.500%

5/15/32

3,984,256

5,350

(c)

Hilcorp

Energy

Hilcorp

Finance

8.375%

11/01/33

5,859,240

2,805

(c)

Kraken

Oil

Gas

Partners

LLC

7.625%

8/15/29

2,890,931

2,000

(c)

Nabors

Industries

Inc

8.875%

8/15/31

2,004,026

2,730

(c)

Noble

Finance

LLC

8.000%

4/15/30

2,830,608

1,800

(c)

PBF

Holding

LLC

PBF

Finance

Corp

7.875%

9/15/30

1,871,753

2,000

(c)

Energy

6.750%

8/01/29

2,031,212

2,460

(c)

Sunoco

7.000%

5/01/29

2,562,550

1,700

(c)

Talos

Production

Inc

9.000%

2/01/29

1,805,963

5,685

(c)

USA

Compression

Partners

USA

Compression

Finance

Corp

7.125%

3/15/29

5,839,422

7,475

(c)

Venture

Global

LNG

Inc

7.000%

1/15/30

7,642,052

3,000

(c)

Venture

Global

LNG

Inc

9.875%

2/01/32

3,333,000

500

(c)

Weatherford

International

Ltd

8.625%

4/30/30

518,933

TOTAL

ENERGY

80,683,905

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

2.8%

2,310

(c)

Iron

Mountain

Inc

7.000%

2/15/29

2,399,136

1,815

(c)

Iron

Mountain

Information

Management

Services

Inc

5.000%

7/15/32

1,727,398

4,000

(b)

MPT

Operating

Partnership

MPT

Finance

Corp

5.000%

10/15/27

3,394,892

2,500

(c)

RHP

Hotel

Properties

RHP

Finance

Corp

6.500%

4/01/32

2,575,045

1,100

(c)

RLJ

Lodging

Trust

4.000%

9/15/29

998,380

5,770

(c)

Uniti

Group

Uniti

Group

Finance

Inc

CSL

Capital

LLC

10.500%

2/15/28

5,920,343

2,000

(c)

Uniti

Group

Uniti

Group

Finance

Inc

CSL

Capital

LLC

6.500%

2/15/29

1,531,163

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

18,546,357

FINANCIAL

SERVICES

7.3%

3,225

(c)

Block

Inc

6.500%

5/15/32

3,344,367

7,725

(c)

Encore

Capital

Group

Inc

8.500%

5/15/30

8,083,621

3,500

(c)

FirstCash

Inc

6.875%

3/01/32

3,595,595

3,000

(c)

Hunt

Cos

Inc

5.250%

4/15/29

2,827,853

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

FINANCIAL

SERVICES

(continued)

4,760

(c)

Icahn

Enterprises

Icahn

Enterprises

Finance

Corp

9.000%

6/15/30

4,816,178

4,550

Icahn

Enterprises

Icahn

Enterprises

Finance

Corp

4.375%

2/01/29

3,991,757

2,425

(c)

NCR

Corp

ATM

9.500%

4/01/29

2,671,196

1,700

OneMain

Finance

Corp

7.875%

3/15/30

1,777,994

2,000

OneMain

Finance

Corp

4.000%

9/15/30

1,770,095

5,225

(c)

PennyMac

Financial

Services

Inc

7.875%

12/15/29

5,544,545

1,185

(c)

Shift4

Payments

LLC

Shift4

Payments

Finance

Sub

Inc

6.750%

8/15/32

1,222,523

5,425

(c)

Starwood

Property

Trust

Inc

7.250%

4/01/29

5,647,007

3,500

(b),(c)

VistaJet

Malta

Finance

PLC

Vista

Management

Holding

Inc

6.375%

2/01/30

2,870,041

TOTAL

FINANCIAL

SERVICES

48,162,772

FOOD,

BEVERAGE

TOBACCO

1.2%

1,425

(c)

B&G

Foods

Inc

8.000%

9/15/28

1,481,483

6,400

(c)

Post

Holdings

Inc

6.375%

3/01/33

6,446,720

TOTAL

FOOD,

BEVERAGE

TOBACCO

7,928,203

HEALTH

CARE

EQUIPMENT

SERVICES

4.9%

2,750

(c)

AHP

Health

Partners

Inc

5.750%

7/15/29

2,659,398

4,500

(c)

CHS/Community

Health

Systems

Inc

10.875%

1/15/32

4,871,345

1,800

(c)

CHS/Community

Health

Systems

Inc

5.625%

3/15/27

1,741,944

1,425

(c)

CHS/Community

Health

Systems

Inc

5.250%

5/15/30

1,277,704

1,360

(c)

Concentra

Escrow

Issuer

Corp

6.875%

7/15/32

1,422,685

3,850

(c)

DaVita

Inc

6.875%

9/01/32

3,938,774

3,030

(c)

Global

Medical

Response

Inc

10.000%

10/31/28

3,022,576

2,000

(c)

LifePoint

Health

Inc

10.000%

6/01/32

2,170,646

1,000

(c)

LifePoint

Health

Inc

11.000%

10/15/30

1,126,996

4,075

(c)

Pediatrix

Medical

Group

Inc

5.375%

2/15/30

3,896,832

6,035

(b),(c)

Prime

Healthcare

Services

Inc

9.375%

9/01/29

6,083,800

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

32,212,700

INSURANCE

1.6%

2,900

(c)

Acrisure

LLC

Acrisure

Finance

Inc

8.250%

2/01/29

2,984,805

2,085

(c)

Ardonagh

Finco

Ltd

7.750%

2/15/31

2,152,285

2,480

(c)

Ardonagh

Group

Finance

Ltd

8.875%

2/15/32

2,568,397

3,000

(c)

Panther

Escrow

Issuer

7.125%

6/01/31

3,124,836

TOTAL

INSURANCE

10,830,323

MATERIALS

3.7%

1,690

(c)

Arsenal

AIC

Parent

LLC

8.000%

10/01/30

1,816,995

2,770

(c)

Cleveland-Cliffs

Inc

7.000%

3/15/32

2,781,788

725

(c)

Cleveland-Cliffs

Inc

6.750%

4/15/30

735,028

1,850

(c)

EverArc

Escrow

Sarl

5.000%

10/30/29

1,745,901

3,500

(c)

Mineral

Resources

Ltd

9.250%

10/01/28

3,697,560

3,250

(c)

Olympus

Water

Holding

Corp

7.250%

6/15/31

3,359,168

2,000

(b),(c)

Olympus

Water

Holding

Corp

6.250%

10/01/29

1,878,554

2,630

(c)

Sealed

Air

Corp

6.500%

7/15/32

2,690,274

4,690

(c)

Tronox

Inc

4.625%

3/15/29

4,274,131

1,500

(c)

Grace

Holdings

LLC

5.625%

8/15/29

1,390,863

TOTAL

MATERIALS

24,370,262

MEDIA

ENTERTAINMENT

8.2%

2,000

(c)

Advantage

Sales

Marketing

Inc

6.500%

11/15/28

1,875,122

3,000

(b),(c)

AMC

Entertainment

Holdings

Inc

7.500%

2/15/29

2,185,243

2,750

(b),(c)

Cablevision

Lightpath

LLC

5.625%

9/15/28

2,493,236

1,000

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

4.250%

2/01/31

867,706

3,142

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

7.375%

3/03/31

3,198,148

3,175

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

6.375%

9/01/29

3,136,092

1,800

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

4.250%

1/15/34

1,451,540

1,800

(c)

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

4.500%

6/01/33

1,504,801

Nuveen

High

Yield

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

MEDIA

ENTERTAINMENT

(continued)

2,300

CCO

Holdings

LLC

CCO

Holdings

Capital

Corp

4.500%

5/01/32

1,963,865

1,325

(c)

Clear

Channel

Outdoor

Holdings

Inc

7.875%

4/01/30

1,384,436

1,800

(c)

CSC

Holdings

LLC

5.500%

4/15/27

1,468,596

3,650

(c)

CSC

Holdings

LLC

4.125%

12/01/30

2,407,020

1,800

(c)

CSC

Holdings

LLC

11.250%

5/15/28

1,599,638

8,000

(c)

DISH

Network

Corp

11.750%

11/15/27

8,134,120

1,630

(c)

Gray

Television

Inc

10.500%

7/15/29

1,672,988

1,525

(c)

Gray

Television

Inc

4.750%

10/15/30

868,340

1,725

(c)

LCPR

Senior

Secured

Financing

DAC

6.750%

10/15/27

1,577,103

2,400

(c)

McGraw-Hill

Education

Inc

7.375%

9/01/31

2,478,662

2,500

(c)

McGraw-Hill

Education

Inc

8.000%

8/01/29

2,489,600

2,750

(c)

Sirius

Radio

Inc

3.875%

9/01/31

2,359,764

2,825

(c)

Sirius

Radio

Inc

4.125%

7/01/30

2,535,671

2,000

(c)

Sunrise

HoldCo

5.500%

1/15/28

1,969,262

1,570

(c)

Univision

Communications

Inc

6.625%

6/01/27

1,554,021

1,405

(c)

Univision

Communications

Inc

8.500%

7/31/31

1,402,210

2,025

(b),(c)

Univision

Communications

Inc

7.375%

6/30/30

1,943,676

TOTAL

MEDIA

ENTERTAINMENT

54,520,860

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

2.5%

4,075

(c)

Bausch

Health

Cos

Inc

5.500%

11/01/25

3,922,656

1,550

(c)

Bausch

Health

Cos

Inc

9.000%

12/15/25

1,429,066

5,500

(b),(c)

Grifols

4.750%

10/15/28

5,224,653

3,385

(c)

Organon

Foreign

Debt

Co-Issuer

7.875%

5/15/34

3,566,703

2,400

(c)

Organon

Foreign

Debt

Co-Issuer

6.750%

5/15/34

2,487,202

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

16,630,280

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.7%

3,598

(c)

Anywhere

Real

Estate

Group

LLC

Anywhere

Co-Issuer

Corp

7.000%

4/15/30

3,189,576

1,800

Kennedy-Wilson

Inc

5.000%

3/01/31

1,565,789

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

4,755,365

SOFTWARE

SERVICES

3.3%

5,420

(b),(c)

Ahead

Holdings

LLC

6.625%

5/01/28

5,200,109

2,245

(c)

Amentum

Escrow

Corp

7.250%

8/01/32

2,347,368

2,000

(c)

Magnum

Holdings

5.375%

10/31/26

1,951,482

4,300

(c)

Cloud

Software

Group

Inc

8.250%

6/30/32

4,502,242

3,500

(c)

Cloud

Software

Group

Inc

6.500%

3/31/29

3,450,104

4,535

(c)

Rocket

Software

Inc

9.000%

11/28/28

4,704,739

TOTAL

SOFTWARE

SERVICES

22,156,044

TECHNOLOGY

HARDWARE

EQUIPMENT

1.5%

2,000

(c)

Coherent

Corp

5.000%

12/15/29

1,933,968

4,800

(c)

CommScope

LLC

6.000%

3/01/26

4,620,000

1,350

(c)

Imola

Merger

Corp

4.750%

5/15/29

1,299,329

2,000

(c)

Sensata

Technologies

Inc

6.625%

5/31/32

2,069,435

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

9,922,732

TELECOMMUNICATION

SERVICES

4.8%

2,000

Digicel

Intermediate

Holdings

Ltd

Digicel

International

Finance

Ltd

Difl

12.000%

5/25/27

1,992,527

2,000

(c)

Frontier

Communications

Holdings

LLC

6.750%

5/01/29

1,929,200

4,675

(c)

Iliad

Holding

SASU

8.500%

4/15/31

4,953,943

5,000

(c)

Level

Financing

Inc

10.500%

4/15/29

5,359,850

5,000

(c)

Level

Financing

Inc

4.875%

6/15/29

3,887,750

1,500

(c)

Level

Financing

Inc

10.750%

12/15/30

1,615,455

2,000

(c)

Level

Financing

Inc

4.250%

7/01/28

1,405,140

3,200

(b),(c)

Zayo

Group

Holdings

Inc

4.000%

3/01/27

2,793,068

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

TELECOMMUNICATION

SERVICES

(continued)

2,000

(c)

Zayo

Group

Holdings

Inc

6.125%

3/01/28

1,545,800

6,020

(c)

Zegona

Finance

PLC

8.625%

7/15/29

6,253,275

TOTAL

TELECOMMUNICATION

SERVICES

31,736,008

TRANSPORTATION

3.9%

2,445

(b),(c)

American

Airlines

Inc

7.250%

2/15/28

2,460,205

9,750

(c)

Brightline

East

LLC

11.000%

1/31/30

8,891,564

3,367

(c)

Cargo

Aircraft

Management

Inc

4.750%

2/01/28

3,225,089

1,790

(c)

Genesee

Wyoming

Inc

6.250%

4/15/32

1,829,504

4,304

(c)

Hawaiian

Brand

Intellectual

Property

Ltd

HawaiianMiles

Loyalty

Ltd

11.000%

4/15/29

4,380,993

1,250

(c)

United

Airlines

Inc

4.625%

4/15/29

1,189,876

4,200

(b),(c)

VistaJet

Malta

Finance

PLC

Vista

Management

Holding

Inc

9.500%

6/01/28

3,927,758

TOTAL

TRANSPORTATION

25,904,989

UTILITIES

1.7%

3,250

(c)

Ferrellgas

Finance

Corp

5.875%

4/01/29

3,046,894

4,000

(c)

Talen

Energy

Supply

LLC

8.625%

6/01/30

4,331,188

3,400

(c)

Vistra

Operations

LLC

7.750%

10/15/31

3,617,668

TOTAL

UTILITIES

10,995,750

TOTAL

CORPORATE

BONDS

(cost

$501,983,695)

513,684,897

Principal

Amount

(000)

Description

(a)

Coupon

(d)

Reference

Rate

(d)

Spread

(d)

Maturity

(e)

Value

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(d)

73,296,392

CAPITAL

GOODS

0.9%

2,985

Albion

Financing

Sarl,

Term

Loan

(WI/DD)

TBD

3,009,865

2,977

TransDigm,

Inc.,

Term

Loan

7.843%

TSFR3M

2.500%

2/28/31

2,984,214

TOTAL

CAPITAL

GOODS

5,994,079

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

0.9%

3,350

Frontier

Communications

Corp.,

Term

Loan

8.832%

SOFR90A

3.500%

6/21/31

3,358,375

2,700

Staples,

Inc.,

Term

Loan

10.605%

TSFR3M

5.000%

8/23/29

2,468,246

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

5,826,621

CONSUMER

SERVICES

0.7%

191

Hour

Fitness

Worldwide,

Inc.,

Exit

Term

Loan

19.603%

3-Month

LIBOR

SOFR90A

14.000%

9/29/26

105,340

415

Hour

Fitness

Worldwide,

Inc.,

Term

Loan

(cash

10.596%,

PIK

5.000%)

10.596%

SOFR90A

5.000%

12/29/25

175,239

2,494

Caesars

Entertainment

Inc.,

Term

Loan

7.997%

SOFR30A

2.750%

2/06/31

2,499,286

1,710

Carnival

Corporation,

Term

Loan

7.997%

TSFR1M

2.750%

8/09/27

1,720,046

TOTAL

CONSUMER

SERVICES

4,499,911

FINANCIAL

SERVICES

1.0%

2,000

Boost

Newco

Borrower,

LLC,

Term

loan

7.748%

SOFR90A

2.500%

1/31/31

2,008,030

2,277

Forward

Air

Corporation,

Term

loan

(DD1)

9.752%

TSFR3M

4.500%

12/19/30

2,245,167

2,234

NCR

Atleos

LLC,

Term

Loan

10.100%

TSFR1M

4.750%

3/27/29

2,264,502

TOTAL

FINANCIAL

SERVICES

6,517,699

Nuveen

High

Yield

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(d)

Reference

Rate

(d)

Spread

(d)

Maturity

(e)

Value

FOOD,

BEVERAGE

TOBACCO

0.5%

3,618

Triton

Water

Holdings,

Inc,

Term

Loan

8.846%

SOFR90A

3.250%

3/31/28

3,622,474

TOTAL

FOOD,

BEVERAGE

TOBACCO

3,622,474

HEALTH

CARE

EQUIPMENT

SERVICES

3.0%

2,987

ADMI

Corp.,

Term

Loan

8.736%

TSFR1M

3.375%

12/23/27

2,917,988

1,795

Athenahealth,

Inc.,

Term

Loan

8.502%

TSFR1M

3.250%

1/27/29

1,787,089

3,576

Heartland

Dental,

LLC,

Term

Loan

9.747%

TSFR1M

4.500%

4/28/28

3,547,000

2,719

Medline

Borrower,

LP,

Term

Loan

7.997%

SOFR30A

2.750%

10/23/28

2,728,704

3,741

Phoenix

Guarantor

Inc,

Term

Loan

8.594%

TSFR1M

3.250%

2/21/31

3,750,481

691

Select

Medical

Corporation,

Term

Loan

8.247%

TSFR1M

3.000%

3/05/27

694,859

5,000

Team

Health

Holdings,

Inc.,

Term

Loan

(DD1)

10.499%

TSFR3M

5.250%

3/02/27

4,785,150

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

20,211,271

INSURANCE

1.4%

2,222

Acrisure,

LLC,

Term

Loan

8.594%

SOFR90A

3.250%

11/06/30

2,211,272

2,637

Broadstreet

Partners,

Inc.,

Term

Loan

8.497%

TSFR1M

3.250%

5/12/31

2,639,179

2,494

HUB

International

Limited,

Term

loan

8.240%

SOFR90A

TSFR2M

3.000%

6/20/30

2,498,114

1,786

USI,

Inc.,

Term

Loan

8.085%

SOFR90A

2.750%

9/27/30

1,788,756

TOTAL

INSURANCE

9,137,321

MEDIA

ENTERTAINMENT

0.3%

2,000

Gray

Television,

Inc.,

Term

Loan

8.457%

SOFR30A

3.000%

12/01/28

1,825,880

TOTAL

MEDIA

ENTERTAINMENT

1,825,880

SOFTWARE

SERVICES

1.2%

1,596

Cotiviti

Corporation,

Term

Loan

8.592%

SOFR30A

3.250%

4/30/31

1,598,992

4,050

McAfee,

LLC,

Term

Loan

8.592%

SOFR30A

3.250%

3/01/29

4,044,290

2,000

Ultimate

Software

Group

Inc

(The),

Term

Loan

8.555%

SOFR90A

3.250%

2/10/31

2,006,920

TOTAL

SOFTWARE

SERVICES

7,650,202

TELECOMMUNICATION

SERVICES

1.2%

2,487

Altice

France

S.A.,

Term

Loan

B13

(WI/DD)

TBD

1,996,117

1,800

Lumen

Technologies,

Inc.,

Term

Loan

(WI/DD)

TBD

1,422,972

998

Numericable

Group

SA,

Term

Loan

B11

8.264%

3-Month

LIBOR

2.750%

7/31/25

887,932

3,750

Ziggo

Financing

Partnership,

Term

Loan

7.951%

SOFR30A

2.500%

4/28/28

3,703,913

TOTAL

TELECOMMUNICATION

SERVICES

8,010,934

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(cost

$73,433,439)

73,296,392

Description

(a)

Value

–

EXCHANGE-TRADED

FUNDS

32,864,364

118,399

iShares

0-5

Year

High

Yield

Corporate

Bond

ETF

5,098,261

609,081

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

22,706,540

Description

(a)

Value

198,570

SPDR

Bloomberg

Short

Term

High

Yield

Bond

ETF

5,059,563

TOTAL

EXCHANGE-TRADED

FUNDS

(cost

$32,507,959)

32,864,364

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

9,622,331

AUTOMOBILES

COMPONENTS

0.3%

2,200

General

Motors

Financial

Inc

5.750%

N/A

(f)

2,091,446

TOTAL

AUTOMOBILES

COMPONENTS

2,091,446

ENERGY

0.8%

2,600

Energy

Transfer

6.500%

N/A

(f)

2,579,521

3,000

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.625%

3/01/55

3,063,000

TOTAL

ENERGY

5,642,521

FINANCIAL

SERVICES

0.3%

1,800

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(f)

1,888,364

TOTAL

FINANCIAL

SERVICES

1,888,364

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(cost

$9,367,738)

9,622,331

Principal

Amount

(000)

Description

(a)

,(g)

Coupon

Maturity

Value

–

CONTINGENT

CAPITAL

SECURITIES

5,654,701

BANKS

0.6%

1,850

(b),(c)

Intesa

Sanpaolo

SpA

7.700%

N/A

(f)

1,847,519

2,000

(c)

Societe

Generale

9.375%

N/A

(f)

2,079,374

TOTAL

BANKS

3,926,893

FINANCIAL

SERVICES

0.3%

1,800

Deutsche

Bank

6.000%

N/A

(f)

1,727,808

TOTAL

FINANCIAL

SERVICES

1,727,808

TOTAL

CONTINGENT

CAPITAL

SECURITIES

(cost

$5,467,637)

5,654,701

Description

(a)

Value

–

COMMON

STOCKS

3,110,863

CONSUMER

SERVICES

0.0%

86,730

(h)

Hour

Fitness

Worldwide

Inc

2,168

182,331

(h)

Hour

Fitness

Worldwide

Inc

912

TOTAL

CONSUMER

SERVICES

3,080

ENERGY

0.1%

27,489

(h)

Talos

Energy

Inc

315,299

TOTAL

ENERGY

315,299

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

0.0%

607

(h)

Bright

Bidco

345

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

345

Nuveen

High

Yield

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Description

(a)

Value

UTILITIES

0.4%

1,112

(h),(i),(j)

Vistra

Vision

LLC

2,792,139

TOTAL

UTILITIES

2,792,139

TOTAL

COMMON

STOCKS

(cost

$3,023,254)

3,110,863

TOTAL

LONG-TERM

INVESTMENTS

(cost

$625,783,722)

638,233,548

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

5.1%

33,825,666

(k)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.290%(l)

33,825,666

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$33,825,666)

33,825,666

Description

(a)

Coupon

Value

SHORT-TERM

INVESTMENTS

3.1%

–

INVESTMENT

COMPANIES

3.1%

20,529,617

BlackRock

Liquidity

Funds

T-Fund

5.167%(m)

20,529,617

TOTAL

INVESTMENT

COMPANIES

(cost

$20,529,617)

20,529,617

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$20,529,617)

20,529,617

TOTAL

INVESTMENTS

(cost

680,139,005

)

104

692,588,831

OTHER

ASSETS

LIABILITIES,

NET

- (4.7)%

(

30,809,809

)

NET

ASSETS

100%

661,779,022

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$32,551,174.

(c)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$493,274,661

71.2%

Total

Investments.

(d)

Senior

loans

generally

pay

interest

rates

which

are

periodically

adjusted

reference

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

the

Secured

Overnight

Financing

Rate

(“SOFR”),

(ii)

the

prime

rate

offered

one

major

United

States

banks.

Senior

loans

may

considered

restricted

that

the

Fund

ordinarily

contractually

obligated

receive

approval

from

the

agent

bank

and/or

borrower

prior

the

disposition

senior

loan.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(e)

Senior

loans

generally

are

subject

mandatory

and/or

optional

prepayment.

Because

these

mandatory

prepayment

conditions

and

because

there

may

significant

economic

incentives

for

borrower

prepay,

prepayments

senior

loans

may

occur.

result,

the

actual

remaining

maturity

senior

loans

held

may

substantially

less

than

the

stated

maturities

shown.

(f)

Perpetual

security.

Maturity

date

not

applicable.

(g)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

the

security

for

the

benefit

the

issuer.

For

example,

the

terms

may

specify

automatic

write-down

principal

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

the

issuer’s

capital

ratio

falling

below

specified

level.

(h)

Non-income

producing;

issuer

has

not

declared

ex-dividend

date

within

the

past

twelve

months.

(i)

For

fair

value

measurement

disclosure

purposes,

investment

classified

Level

(j)

March

2024,

Vistra

Corp.

(“Vistra”)

completed

its

acquisition

Energy

Harbor

Corp

(“ENGH”).

ENGH

was

merged

into

newly

formed

subsidiary

Vistra,

Vistra

Vision.

connection

with

the

transaction,

holders

ENGH

common

stock

received

combination

cash

and

membership

interests

Vistra

Vision.

These

Vistra

Vision

interests

were

issued

private

transaction

and

may

have

reduced

secondary

market

liquidity.

September

18,

2024,

Vistra

and

Nuveen

agreed

terms

for

the

sale

the

Vistra

Vision

interest.

exchange

for

its

membership

interest

Vistra

Vision,

Nuveen

will

receive

series

cash

payments

from

Vistra

through

December

31,

2026.

(k)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(l)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

(m)

The

rate

shown

the

annualized

seven-day

subsidized

yield

end

the

reporting

period.

DD1

Portion

investment

purchased

delayed

delivery

basis.

ETF

Exchange-Traded

Fund

LIBOR

London

Inter-Bank

Offered

Rate

PIK

Payment-in-kind

(“PIK”)

security. Depending

the

terms

the

security,

income

may

received

the

form

cash,

securities,

combination

both. The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

the

last

PIK

payment

made

the

issuer

the

end

the

reporting

period.

SOFR

30A

Day

Average

Secured

Overnight

Financing

Rate

SOFR

90A

Day

Average

Secured

Overnight

Financing

Rate

SPDR

Standard

Poor's

Depositary

Receipt

TBD

Senior

loan

purchased

when-issued

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

the

settlement

date

the

transaction.

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

coupon

rate

not

available

prior

settlement.

settlement,

still

unknown,

the

borrower

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

WI/DD

When-issued

delayed

delivery

security.

See

Notes

Financial

Statements

Nuveen

Preferred

Securities

and

Income

Fund

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

96.6%

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

50.7%

2,455,593,312

AUTOMOBILES

COMPONENTS

1.3%

43,118

General

Motors

Financial

Inc

5.750%

N/A

(b)

40,990,437

24,979

(c)

General

Motors

Financial

Inc

5.700%

N/A

(b)

23,949,396

TOTAL

AUTOMOBILES

COMPONENTS

64,939,833

BANKS

19.2%

13,651

Bank

America

Corp

6.100%

N/A

(b)

13,632,781

6,380

Bank

America

Corp

5.875%

N/A

(b)

6,335,766

6,780

Bank

America

Corp

4.375%

N/A

(b)

6,534,147

16,626

(c)

Bank

America

Corp

6.500%

N/A

(b)

16,615,418

26,726

Bank

America

Corp

6.300%

N/A

(b)

26,969,571

11,619

Bank

Montreal

7.700%

5/26/84

12,162,444

851

Bank

Montreal

7.300%

11/26/84

873,360

10,255

Bank

Nova

Scotia/The

8.000%

1/27/84

10,875,756

31,871

Citigroup

Inc

7.625%

N/A

(b)

33,791,578

13,777

Citigroup

Inc

6.250%

N/A

(b)

13,895,661

9,885

(c)

Citigroup

Inc

7.375%

N/A

(b)

10,351,325

11,994

Citigroup

Inc

4.150%

N/A

(b)

11,330,597

49,701

Citigroup

Inc

5.950%

N/A

(b)

49,673,904

18,224

Citigroup

Inc

7.000%

N/A

(b)

19,045,356

29,157

Citigroup

Inc

7.125%

N/A

(b)

29,824,841

17,365

Citizens

Financial

Group

Inc

4.000%

N/A

(b)

15,894,620

3,846

(c),(d)

Citizens

Financial

Group

Inc

(TSFR3M

reference

rate

3.419%

spread)

8.733%

N/A

(b)

3,818,387

22,396

CoBank

ACB

6.250%

N/A

(b)

22,301,110

6,807

CoBank

ACB

7.250%

N/A

(b)

7,018,276

33,000

CoBank

ACB

6.450%

N/A

(b)

32,906,623

6,770

(e)

Farm

Credit

Bank

Texas

6.200%

N/A

(b)

6,422,452

14,665

(e)

Farm

Credit

Bank

Texas

5.700%

N/A

(b)

14,515,886

7,016

(d)

Fifth

Third

Bancorp

(TSFR3M

reference

rate

3.295%

spread)

8.626%

N/A

(b)

6,950,528

10,336

Fifth

Third

Bancorp

4.500%

N/A

(b)

10,127,942

20,174

(c),(d)

First

Citizens

BancShares

Inc/NC

(TSFR3M

reference

rate

4.234%

spread)

9.573%

N/A

(b)

20,435,314

965

Goldman

Sachs

Group

Inc/The

4.400%

N/A

(b)

950,973

9,768

(e)

HSBC

Capital

Funding

Dollar

10.176%

N/A

(b)

12,124,530

26,515

(c)

Huntington

Bancshares

Inc/OH

5.625%

N/A

(b)

26,251,600

4,657

JPMorgan

Chase

3.650%

N/A

(b)

4,474,467

68,116

JPMorgan

Chase

6.875%

N/A

(b)

72,193,774

6,491

KeyCorp

5.000%

N/A

(b)

6,173,465

14,785

M&T

Bank

Corp

3.500%

N/A

(b)

12,820,354

5,323

(c)

M&T

Bank

Corp

5.125%

N/A

(b)

5,177,437

45,844

PNC

Financial

Services

Group

Inc/The

6.250%

N/A

(b)

45,627,645

16,330

PNC

Financial

Services

Group

Inc/The

3.400%

N/A

(b)

14,393,905

8,444

PNC

Financial

Services

Group

Inc/The

5.000%

N/A

(b)

8,284,166

7,340

(d)

PNC

Financial

Services

Group

Inc/The

(TSFR3M

reference

rate

3.302%

spread)

8.317%

N/A

(b)

7,357,638

14,835

PNC

Financial

Services

Group

Inc/The

6.000%

N/A

(b)

14,830,113

6,555

PNC

Financial

Services

Group

Inc/The

6.200%

N/A

(b)

6,583,475

14,102

Regions

Financial

Corp

5.750%

N/A

(b)

14,030,571

20,719

Toronto-Dominion

Bank/The

8.125%

10/31/82

22,076,032

24,314

Truist

Financial

Corp

5.100%

N/A

(b)

23,599,791

12,446

(c),(d)

Truist

Financial

Corp

(TSFR3M

reference

rate

3.364%

spread)

8.703%

N/A

(b)

12,504,098

48,536

Truist

Financial

Corp

4.800%

N/A

(b)

47,923,597

4,988

(c)

Bancorp

5.300%

N/A

(b)

4,868,182

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

BANKS

(continued)

24,750

(c)

Wells

Fargo

7.625%

N/A

(b)

26,601,325

41,487

Wells

Fargo

3.900%

N/A

(b)

40,348,303

47,382

Wells

Fargo

5.875%

N/A

(b)

47,049,823

6,580

Wells

Fargo

7.950%

11/15/29

7,541,111

36,606

Wells

Fargo

6.850%

N/A

(b)

37,573,350

6,645

(d)

Zions

Bancorp

(3-Month

LIBOR

reference

rate

4.440%

spread)

10.041%

N/A

(b)

6,577,365

TOTAL

BANKS

930,240,733

CAPITAL

GOODS

2.3%

42,469

(e)

AerCap

Global

Aviation

Trust

6.500%

6/15/45

42,336,072

17,977

AerCap

Holdings

5.875%

10/10/79

17,953,033

11,955

Air

Lease

Corp

4.650%

N/A

(b)

11,525,629

39,963

(e)

ILFC

E-Capital

Trust

7.409%

12/21/65

32,782,049

10,564

(e)

ILFC

E-Capital

Trust

7.159%

12/21/65

8,402,820

TOTAL

CAPITAL

GOODS

112,999,603

ENERGY

2.6%

14,306

Enbridge

Inc

5.750%

7/15/80

13,677,347

12,755

Enbridge

Inc

7.625%

1/15/83

13,339,740

10,154

Enbridge

Inc

6.000%

1/15/77

9,922,177

4,735

Enbridge

Inc

5.500%

7/15/77

4,562,637

20,423

Energy

Transfer

7.125%

N/A

(b)

20,426,513

11,442

Energy

Transfer

6.500%

N/A

(b)

11,351,877

5,335

Energy

Transfer

8.000%

5/15/54

5,676,189

2,874

Energy

Transfer

6.625%

N/A

(b)

2,795,129

8,380

(e)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.500%

3/01/55

8,633,914

31,347

Transcanada

Trust

5.600%

3/07/82

29,859,174

4,125

Transcanada

Trust

5.875%

8/15/76

4,057,237

TOTAL

ENERGY

124,301,934

FINANCIAL

SERVICES

7.5%

17,895

AerCap

Ireland

Capital

DAC

AerCap

Global

Aviation

Trust

6.950%

3/10/55

18,461,060

19,925

Ally

Financial

Inc

4.700%

N/A

(b)

16,588,453

14,202

Ally

Financial

Inc

4.700%

N/A

(b)

12,906,922

20,885

(e)

American

AgCredit

Corp

5.250%

N/A

(b)

20,154,025

13,930

American

Express

3.550%

N/A

(b)

13,038,895

7,300

Bank

New

York

Mellon

Corp/The

4.700%

N/A

(b)

7,195,690

13,295

(e)

Capital

Farm

Credit

ACA

5.000%

N/A

(b)

12,696,725

11,655

(c)

Capital

One

Financial

Corp

3.950%

N/A

(b)

10,796,845

20,975

Charles

Schwab

Corp/The

4.000%

N/A

(b)

19,730,717

12,201

Charles

Schwab

Corp/The

5.375%

N/A

(b)

12,105,949

3,955

Citigroup

Capital

III

7.625%

12/01/36

4,206,172

6,700

(e)

Compeer

Financial

ACA

4.875%

N/A

(b)

6,381,750

8,000

Discover

Financial

Services

5.500%

N/A

(b)

7,476,840

8,108

Discover

Financial

Services

6.125%

N/A

(b)

8,066,995

25,209

Equitable

Holdings

Inc

4.950%

N/A

(b)

24,818,805

5,510

Goldman

Sachs

Group

Inc/The

3.800%

N/A

(b)

5,266,319

31,382

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(b)

32,922,574

20,175

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(b)

21,486,637

25,800

Goldman

Sachs

Group

Inc/The

5.300%

N/A

(b)

25,791,039

31,868

Goldman

Sachs

Group

Inc/The

7.379%

N/A

(b)

31,971,284

2,925

Goldman

Sachs

Group

Inc/The

4.125%

N/A

(b)

2,773,087

18,005

State

Street

Corp

6.700%

N/A

(b)

18,434,059

26,248

Voya

Financial

Inc

7.758%

N/A

(b)

27,815,662

TOTAL

FINANCIAL

SERVICES

361,086,504

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

FOOD,

BEVERAGE

TOBACCO

3.0%

13,835

(e)

Dairy

Farmers

America

Inc

7.125%

N/A

(b)

14,049,442

64,838

(e)

Land

Lakes

Inc

7.250%

N/A

(b)

53,625,500

44,310

(e)

Land

Lakes

Inc

8.000%

N/A

(b)

39,540,028

46,321

(e)

Land

Lakes

Inc

7.000%

N/A

(b)

36,521,765

TOTAL

FOOD,

BEVERAGE

TOBACCO

143,736,735

INSURANCE

9.1%

7,115

Aegon

Ltd

5.500%

4/11/48

7,014,730

7,025

American

International

Group

Inc

5.750%

4/01/48

6,961,716

51,650

Assurant

Inc

7.000%

3/27/48

52,490,267

64,640

(e)

Assured

Guaranty

Municipal

Holdings

Inc

6.400%

12/15/36

58,596,143

19,875

AXIS

Specialty

Finance

LLC

4.900%

1/15/40

18,647,063

13,804

Enstar

Finance

LLC

5.750%

9/01/40

13,522,785

14,288

Enstar

Finance

LLC

5.500%

1/15/42

13,142,760

5,830

(e)

Fidelis

Insurance

Holdings

Ltd

6.625%

4/01/41

5,742,550

28,387

Markel

Group

Inc

6.000%

N/A

(b)

28,286,025

24,448

(e)

MetLife

Inc

9.250%

4/08/38

28,763,488

4,531

MetLife

Inc

5.875%

N/A

(b)

4,520,413

7,425

MetLife

Inc

3.850%

N/A

(b)

7,263,623

14,051

PartnerRe

Finance

LLC

4.500%

10/01/50

12,842,576

21,542

Provident

Financing

Trust

7.405%

3/15/38

22,921,054

4,636

Prudential

Financial

Inc

5.375%

5/15/45

4,603,955

13,400

Prudential

Financial

Inc

6.500%

3/15/54

13,858,293

8,234

Prudential

Financial

Inc

5.125%

3/01/52

8,022,755

3,085

Prudential

Financial

Inc

3.700%

10/01/50

2,764,040

15,606

(e)

QBE

Insurance

Group

Ltd

5.875%

N/A

(b)

15,584,528

24,561

QBE

Insurance

Group

Ltd,

Reg

6.750%

12/02/44

24,656,640

43,218

(e)

SBL

Holdings

Inc

6.500%

N/A

(b)

36,211,174

62,124

(e)

SBL

Holdings

Inc

7.000%

N/A

(b)

55,576,615

TOTAL

INSURANCE

441,993,193

MEDIA

ENTERTAINMENT

0.4%

8,767

(e)

Farm

Credit

Bank

Texas

7.750%

N/A

(b)

9,004,095

10,628

Paramount

Global

6.375%

3/30/62

9,717,601

TOTAL

MEDIA

ENTERTAINMENT

18,721,696

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.2%

11,121

(e)

EUSHI

Finance

Inc

7.625%

12/15/54

11,525,849

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

11,525,849

TELECOMMUNICATION

SERVICES

0.7%

22,509

Vodafone

Group

PLC

7.000%

4/04/79

23,566,225

9,350

Vodafone

Group

PLC

4.125%

6/04/81

8,404,654

TOTAL

TELECOMMUNICATION

SERVICES

31,970,879

UTILITIES

4.4%

13,450

(e)

AES

Andes

6.350%

10/07/79

13,344,077

5,575

(e)

AES

Andes

8.150%

6/10/55

5,713,249

6,473

AES

Corp/The

7.600%

1/15/55

6,667,767

14,161

American

Electric

Power

Inc

3.875%

2/15/62

13,131,028

4,789

CMS

Energy

Corp

4.750%

6/01/50

4,501,873

6,574

Dominion

Energy

Inc

7.000%

6/01/54

6,992,987

8,455

Duke

Energy

Corp

6.450%

9/01/54

8,645,152

5,247

Edison

International

5.375%

N/A

(b)

5,140,413

13,579

Edison

International

5.000%

N/A

(b)

13,135,563

40,009

Emera

Inc

6.750%

6/15/76

40,140,230

18,153

Entergy

Corp

7.125%

12/01/54

18,484,655

15,071

NextEra

Energy

Capital

Holdings

Inc

6.750%

6/15/54

15,758,268

12,730

Sempra

4.875%

N/A

(b)

12,470,722

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

UTILITIES

(continued)

14,740

Sempra

4.125%

4/01/52

13,712,368

13,626

Southern

Co/The

4.000%

1/15/51

13,323,848

10,900

(e)

Vistra

Corp

7.000%

N/A

(b)

11,016,804

7,900

(e)

Vistra

Corp

8.875%

N/A

(b)

8,386,474

3,395

(e)

Vistra

Corp

8.000%

N/A

(b)

3,510,875

TOTAL

UTILITIES

214,076,353

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(cost

$2,443,594,291)

2,455,593,312

Principal

Amount

(000)

Description

(a),(f)

Coupon

Maturity

Value

–

CONTINGENT

CAPITAL

SECURITIES

31.9%

1,546,308,724

BANKS

26.6%

9,702

(e)

Australia

New

Zealand

Banking

Group

Ltd/United

Kingdom

6.750%

N/A

(b)

9,896,612

42,033

Banco

Bilbao

Vizcaya

Argentaria

9.375%

N/A

(b)

45,912,184

27,982

Banco

Bilbao

Vizcaya

Argentaria

6.125%

N/A

(b)

26,675,369

20,585

Banco

Bilbao

Vizcaya

Argentaria

6.500%

N/A

(b)

20,524,081

16,450

(e)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

7.625%

N/A

(b)

16,654,556

10,700

(e)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

7.500%

N/A

(b)

10,776,494

63,600

Banco

Santander

9.625%

N/A

(b)

73,740,766

32,800

Banco

Santander

8.000%

N/A

(b)

33,837,954

18,435

Banco

Santander

4.750%

N/A

(b)

17,254,773

80,008

Barclays

PLC

9.625%

N/A

(b)

88,074,487

49,705

Barclays

PLC

8.000%

N/A

(b)

51,850,069

15,567

Barclays

PLC

6.125%

N/A

(b)

15,464,586

28,703

(e)

BNP

Paribas

8.500%

N/A

(b)

30,415,679

24,811

(e)

BNP

Paribas

9.250%

N/A

(b)

26,890,360

8,861

(e)

BNP

Paribas

7.000%

N/A

(b)

8,971,745

44,789

(c),(e)

BNP

Paribas

8.000%

N/A

(b)

47,110,772

9,338

(e)

BNP

Paribas

7.375%

N/A

(b)

9,408,259

64,308

(e)

BNP

Paribas

7.750%

N/A

(b)

66,812,154

42,374

(e)

Credit

Agricole

8.125%

N/A

(b)

43,486,318

12,025

(c),(e)

Credit

Agricole

4.750%

N/A

(b)

11,009,002

44,552

HSBC

Holdings

PLC

6.375%

N/A

(b)

44,539,325

38,510

(c)

HSBC

Holdings

PLC

8.000%

N/A

(b)

41,252,220

40,169

HSBC

Holdings

PLC

6.000%

N/A

(b)

40,068,802

26,462

(c)

HSBC

Holdings

PLC

6.500%

N/A

(b)

26,603,889

29,400

ING

Groep

6.500%

N/A

(b)

29,337,778

46,559

ING

Groep

5.750%

N/A

(b)

45,875,574

29,565

(e)

Intesa

Sanpaolo

SpA

7.700%

N/A

(b)

29,525,354

31,560

Lloyds

Banking

Group

PLC

7.500%

N/A

(b)

31,791,682

48,545

(c)

Lloyds

Banking

Group

PLC

8.000%

N/A

(b)

51,354,590

18,370

(e)

Macquarie

Bank

Ltd/London

6.125%

N/A

(b)

18,319,031

22,494

NatWest

Group

PLC

8.000%

N/A

(b)

22,787,254

43,300

NatWest

Group

PLC

8.125%

N/A

(b)

45,870,851

25,410

NatWest

Group

PLC

6.000%

N/A

(b)

25,228,319

16,900

(e)

Nordea

Bank

Abp

6.625%

N/A

(b)

16,958,051

19,175

(e)

Societe

Generale

8.500%

N/A

(b)

19,155,227

45,240

(e)

Societe

Generale

9.375%

N/A

(b)

47,035,440

60,876

(e)

Societe

Generale

10.000%

N/A

(b)

64,855,281

25,875

(e)

Standard

Chartered

PLC

7.750%

N/A

(b)

26,812,839

5,986

(e)

Standard

Chartered

PLC

6.000%

N/A

(b)

5,961,151

TOTAL

BANKS

1,288,098,878

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a),(f)

Coupon

Maturity

Value

FINANCIAL

SERVICES

5.2%

61,719

Deutsche

Bank

6.000%

N/A

(b)

59,243,655

11,000

Deutsche

Bank

7.500%

N/A

(b)

10,942,044

62,094

(e)

UBS

Group

9.250%

N/A

(b)

71,705,965

35,277

UBS

Group

AG,

Reg

7.000%

N/A

(b)

35,311,924

29,805

(e)

UBS

Group

9.250%

N/A

(b)

32,862,278

30,187

UBS

Group

AG,

Reg

6.875%

N/A

(b)

30,207,225

14,220

(c),(e)

UBS

Group

7.750%

N/A

(b)

14,967,446

TOTAL

FINANCIAL

SERVICES

255,240,537

INSURANCE

0.1%

2,897

Phoenix

Group

Holdings

PLC,

Reg

8.500%

N/A

(b)

2,969,309

TOTAL

INSURANCE

2,969,309

TOTAL

CONTINGENT

CAPITAL

SECURITIES

(cost

$1,483,936,485)

1,546,308,724

Description

(a)

Coupon

Value

–

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

12.1%

584,401,254

BANKS

1.5%

65,271

CoBank

ACB

6.200%

6,440,695

486,433

Fifth

Third

Bancorp

9.296%

12,472,142

280,000

Huntington

Bancshares

Inc/OH

8.263%

6,093,710

1,448,532

KeyCorp

6.200%

35,141,386

285,287

KeyCorp

6.125%

7,046,589

302,269

Regions

Financial

Corp

5.700%

7,187,957

TOTAL

BANKS

74,382,479

CAPITAL

GOODS

0.6%

844,551

Air

Lease

Corp

9.241%

21,088,438

271,800

WESCO

International

Inc

10.625%

7,121,160

TOTAL

CAPITAL

GOODS

28,209,598

FINANCIAL

SERVICES

2.8%

558,300

Equitable

Holdings

Inc

5.250%

12,852,066

1,344,835

Morgan

Stanley

5.850%

33,325,011

870,125

Morgan

Stanley

6.625%

23,275,844

548,497

Morgan

Stanley

6.375%

13,789,215

322,188

Morgan

Stanley

6.875%

8,154,578

242,300

Morgan

Stanley

6.500%

6,234,379

350,835

Synchrony

Financial

5.625%

6,893,908

1,058,054

(c)

Voya

Financial

Inc

5.350%

27,244,891

TOTAL

FINANCIAL

SERVICES

131,769,892

FOOD,

BEVERAGE

TOBACCO

1.3%

1,451,502

CHS

Inc

7.100%

37,172,966

528,896

CHS

Inc

6.750%

13,433,958

193,870

(c)

CHS

Inc

7.875%

5,147,249

44,881

CHS

Inc

7.500%

1,156,583

76,700

(e)

Dairy

Farmers

America

Inc

7.875%

7,378,061

TOTAL

FOOD,

BEVERAGE

TOBACCO

64,288,817

INSURANCE

5.8%

1,340,035

American

National

Group

Inc

5.950%

32,924,660

1,153,711

American

National

Group

Inc

6.625%

28,438,976

1,069,225

(c)

Aspen

Insurance

Holdings

Ltd

9.653%

28,345,155

603,290

Aspen

Insurance

Holdings

Ltd

5.625%

12,675,123

191,504

Assurant

Inc

5.250%

4,203,513

1,010,787

Athene

Holding

Ltd

6.350%

25,118,057

Description

(a)

Coupon

Value

INSURANCE

(continued)

796,416

Athene

Holding

Ltd

6.375%

20,021,898

540,503

Athene

Holding

Ltd

7.750%

14,204,419

1,637,403

Delphi

Financial

Group

Inc

8.570%

39,297,672

894,715

Enstar

Group

Ltd

7.000%

18,287,974

1,026,075

Maiden

Holdings

North

America

Ltd

7.750%

17,802,401

23,571

PartnerRe

Ltd

4.875%

415,321

763,405

Reinsurance

Group

America

Inc

5.750%

18,879,006

556,200

Reinsurance

Group

America

Inc

7.125%

14,494,572

221,929

Selective

Insurance

Group

Inc

4.600%

4,101,248

TOTAL

INSURANCE

279,209,995

TELECOMMUNICATION

SERVICES

0.1%

314,900

AT&T

Inc

4.750%

6,540,473

TOTAL

TELECOMMUNICATION

SERVICES

6,540,473

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(cost

$609,814,534)

584,401,254

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

CORPORATE

BONDS

1.9%

92,230,406

BANKS

0.4%

17,340

ING

Groep

NV,

Reg

7.500%

5/16/72

(b)

17,902,753

TOTAL

BANKS

17,902,753

ENERGY

0.8%

38,304

Enbridge

Inc

8.500%

1/15/84

41,981,567

TOTAL

ENERGY

41,981,567

FINANCIAL

SERVICES

0.7%

62,450

Credit

Suisse

Group

7.250%

3/12/72

6,869,500

61,301

(e)

Credit

Suisse

Group

7.500%

6/11/72

6,743,110

49,069

Credit

Suisse

Group

0.000%

1/17/72

5,397,590

36,075

Credit

Suisse

Group

7.500%

1/17/72

3,968,250

12,260

Credit

Suisse

Group

6.380%

2/21/72

1,348,600

8,421

Credit

Suisse

Group

5.250%

2/11/72

926,310

7,400

Deutsche

Bank

AG,

Reg

4.789%

12/30/49

(b)

7,092,726

TOTAL

FINANCIAL

SERVICES

32,346,086

TOTAL

CORPORATE

BONDS

(cost

$292,528,150)

92,230,406

TOTAL

LONG-TERM

INVESTMENTS

(cost

$4,829,873,460)

4,678,533,696

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

2.0%

97,272,728

(g)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.290%(h)

97,272,728

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$97,272,728)

97,272,728

Nuveen

Preferred

Securities

and

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Investments

Derivatives

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

0.7%

–

REPURCHASE

AGREEMENTS

0.7%

33,575,000

33,575

(i)

Fixed

Income

Clearing

Corporation

5.290%

9/03/24

33,575,000

TOTAL

REPURCHASE

AGREEMENTS

(cost

$33,575,000)

33,575,000

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$33,575,000)

33,575,000

TOTAL

INVESTMENTS

(cost

$4,960,721,188

)

99.3%

4,809,381,424

OTHER

ASSETS

LIABILITIES,

NET

- 0.7%

33,641,636

NET

ASSETS

100%

4,843,023,060

Futures

Contracts

Long

Description

Number

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

10-Year

Note

2,651

12/24

303,126,090

301,054,188

(2,071,902)

U.S.

Treasury

Long

Bond

670

12/24

83,766,277

82,493,750

(1,272,527)

U.S.

Treasury

Ultra

Bond

555

12/24

74,627,445

73,225,312

(1,402,133)

Total

$461,519,812

$456,773,250

$(4,746,562)

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Perpetual

security.

Maturity

date

not

applicable.

(c)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$94,159,730.

(d)

Variable

rate

security.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(e)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$1,214,874,064

25.3%

Total

Investments.

(f)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

the

security

for

the

benefit

the

issuer.

For

example,

the

terms

may

specify

automatic

write-down

principal

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

the

issuer’s

capital

ratio

falling

below

specified

level.

(g)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(h)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

(i)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

8/30/24

repurchased

$33,594,735

9/3/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.125%

and

maturity

date

7/31/31,

valued

$34,246,591.

LIBOR

London

Inter-Bank

Offered

Rate

Reg

Regulation

allows

U.S.

companies

sell

securities

persons

entities

located

outside

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

provides

safe

harbor

from

the

registration

requirements

the

Securities

Act

for

the

offers

and

sales

securities

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

TSFR

CME

Term

SOFR

Month

See

Notes

Financial

Statements

Nuveen

Strategic

Income

Fund

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

LONG-TERM

INVESTMENTS

96.0%

–

MORTGAGE-BACKED

SECURITIES

34.9%

319,485,208

2,500

(b),(c)

Alen

2021-ACEN

Mortgage

Trust,

(TSFR1M

reference

rate

4.114%

spread),

2021

ACEN

9.451%

4/15/34

1,056,819

336

(c)

Arroyo

Mortgage

Trust

2019-3,

2019

3.416%

10/25/48

320,442

1,300

(b),(c)

Ashford

Hospitality

Trust

2018-KEYS,

(TSFR1M

reference

rate

2.147%

spread),

2018

KEYS

7.484%

6/15/35

1,278,586

2,000

(b),(c)

BAMLL

Commercial

Mortgage

Securities

Trust

2022-DKLX,

(TSFR1M

reference

rate

3.000%

spread),

2022

DKLX

8.337%

1/15/39

1,971,373

1,200

BANK,

2017

BNK5

4.190%

6/15/60

1,130,107

700

BANK

2017-BNK8,

2017

BNK8

4.229%

11/15/50

534,535

2,700

BANK

2019-BNK18,

2019

BN18

4.214%

5/15/62

2,106,288

2,000

(c)

BANK

2019-BNK21,

2019

BN21

2.500%

10/17/52

1,341,680

2,000

BANK5

2024-5YR5

6.539%

2/15/29

2,060,470

2,000

(c)

BBCMS

Trust

2015-SRCH,

2015

SRCH

5.122%

8/10/35

1,727,288

3,000

(b),(c)

BBCMS

Trust

2018-CBM,

(TSFR1M

reference

rate

1.488%

spread),

2018

CBM

6.817%

7/15/37

2,901,963

1,700

Benchmark

2018-B2

Mortgage

Trust,

2018

4.425%

2/15/51

1,451,084

2,500

Benchmark

2019-B14

Mortgage

Trust,

2019

B14

3.897%

12/15/62

1,901,666

1,000

(c)

Benchmark

2019-B14

Mortgage

Trust,

2019

B14

2.500%

12/15/62

628,138

1,500

(c)

Benchmark

2020-B18

Mortgage

Trust,

2020

B18

4.139%

7/15/53

1,410,131

1,000

(c)

Benchmark

2020-IG2

Mortgage

Trust,

2020

IG2

2.791%

9/15/48

840,631

1,000

(c)

Benchmark

2020-IG3

Mortgage

Trust,

2020

IG3

3.654%

9/15/48

915,740

2,000

(c)

BPR

Trust,

2023

STON

7.871%

12/05/39

2,069,619

1,000

(b),(c)

2021-LBA3

Mortgage

Trust,

(TSFR1M

reference

rate

2.062%

spread),

2021

PAC

7.399%

10/15/36

981,439

1,500

(b),(c)

Trust

2023-DELC,

(TSFR1M

reference

rate

3.339%

spread),

2023

DELC

8.676%

5/15/38

1,505,840

1,000

(c)

BXP

Trust

2021-601L,

2021

601L

2.868%

1/15/44

726,753

705

2016-CD1

Mortgage

Trust,

2016

CD1

3.631%

8/10/49

511,638

1,440

Mortgage

Trust,

2017

CD3

3.984%

2/10/50

869,049

(c)

2020-P1

Mortgage

Trust,

2020

2.840%

4/15/25

47,441

750

(c)

2020-P1

Mortgage

Trust,

2020

3.603%

4/15/52

668,128

1,000

(c)

Citigroup

Commercial

Mortgage

Trust

2014-GC23,

2014

GC23

4.632%

7/10/47

871,569

1,690

Citigroup

Commercial

Mortgage

Trust

2015-GC29,

2015

GC29

4.274%

4/10/48

1,615,848

2,750

Citigroup

Commercial

Mortgage

Trust

2015-GC29,

2015

GC29

3.758%

4/10/48

2,682,675

1,900

Citigroup

Commercial

Mortgage

Trust

2016-GC37,

2016

GC37

4.233%

4/10/49

1,803,311

850

(b),(c)

Citigroup

Commercial

Mortgage

Trust

2021-PRM2,

(TSFR1M

reference

rate

2.014%

spread),

2021

PRM2

7.351%

10/15/38

827,992

1,546

COMM

2014-CCRE17

Mortgage

Trust,

2014

CR17

4.377%

5/10/47

1,490,052

2,000

COMM

2014-LC17

Mortgage

Trust,

2014

LC17

4.490%

10/10/47

1,994,406

1,400

COMM

2014-LC17

Mortgage

Trust,

2014

LC17

4.675%

10/10/47

1,392,904

3,150

Comm

2014-UBS2

Mortgage

Trust,

2014

UBS2

4.947%

3/10/47

2,824,446

2,000

COMM

2014-UBS3

Mortgage

Trust,

2014

UBS3

4.720%

6/10/47

1,431,392

2,000

(c)

COMM

2014-UBS3

Mortgage

Trust,

2014

UBS3

4.767%

6/10/47

776,485

1,840

COMM

2015-CCRE22

Mortgage

Trust,

2015

CR22

4.200%

3/10/48

1,627,571

2,000

(c)

COMM

2015-CCRE22

Mortgage

Trust,

2015

CR22

3.000%

3/10/48

1,345,946

2,628

COMM

2015-CCRE23

Mortgage

Trust,

2015

CR23

4.410%

5/10/48

2,064,072

1,500

COMM

2015-CCRE24

Mortgage

Trust,

2015

CR24

3.463%

8/10/48

1,330,615

1,000

COMM

2015-CCRE24

Mortgage

Trust,

2015

CR24

4.495%

8/10/48

964,563

500

COMM

2015-CCRE24

Mortgage

Trust,

2015

CR24

4.495%

8/10/48

464,151

550

COMM

2015-CCRE25

Mortgage

Trust,

2015

CR25

3.768%

8/10/48

488,749

3,000

COMM

2015-CCRE26

Mortgage

Trust,

2015

CR26

4.612%

10/10/48

2,622,489

900

COMM

2015-LC23

Mortgage

Trust,

2015

LC23

4.696%

10/10/48

848,697

1,900

COMM

2018-COR3

Mortgage

Trust,

2018

COR3

4.669%

5/10/51

1,654,280

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X–

MORTGAGE-BACKED

SECURITIES

(continued)

2,000

COMM

2019-GC44

Mortgage

Trust,

2019

GC44

3.638%

8/15/57

1,661,672

841

COMM

Mortgage

Trust

4.585%

2/10/47

810,328

4,830

(b),(c)

Connecticut

Avenue

Securities

Trust

2021-R03,

(SOFR30A

reference

rate

5.500%

spread),

2021

R03

10.849%

12/25/41

5,067,566

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R01,

(SOFR30A

reference

rate

6.000%

spread),

2022

R01

11.349%

12/25/41

5,288,751

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R02,

(SOFR30A

reference

rate

7.650%

spread),

2022

R02

12.972%

1/25/42

5,440,158

3,400

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R02,

(SOFR30A

reference

rate

4.500%

spread),

2022

R02

9.849%

1/25/42

3,596,873

4,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R03,

(SOFR30A

reference

rate

9.850%

spread),

2022

R03

14.823%

3/25/42

4,571,254

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R04,

(SOFR30A

reference

rate

9.500%

spread),

2022

R04

14.837%

3/25/42

5,703,827

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R05,

(SOFR30A

reference

rate

7.000%

spread),

2022

R05

12.349%

4/25/42

5,465,786

4,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R07,

(SOFR30A

reference

rate

4.650%

spread),

2022

R07

9.998%

6/25/42

4,344,582

4,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R07,

(SOFR30A

reference

rate

12.000%

spread),

2022

R07

17.348%

6/25/42

4,839,490

4,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R09,

(SOFR30A

reference

rate

4.750%

spread),

2022

R09

10.098%

9/25/42

4,370,654

600

(b),(c)

Connecticut

Avenue

Securities

Trust

2022-R09,

(SOFR30A

reference

rate

6.750%

spread),

2022

R09

12.098%

9/25/42

669,426

5,001

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R02,

(SOFR30A

reference

rate

5.550%

spread),

2023

R02

10.899%

1/25/43

5,539,097

3,350

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R02,

(SOFR30A

reference

rate

7.900%

spread),

2023

R02

13.249%

1/25/43

3,742,337

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R04,

(SOFR30A

reference

rate

5.350%

spread),

2023

R04

10.698%

5/25/43

5,499,185

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R04,

(SOFR30A

reference

rate

8.250%

spread),

2023

R04

13.598%

5/25/43

5,765,929

1,415

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R05,

(SOFR30A

reference

rate

6.850%

spread),

2023

R05

12.198%

6/25/43

1,583,977

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R05,

(SOFR30A

reference

rate

4.750%

spread),

2023

R05

10.098%

6/25/43

5,443,396

5,000

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R06,

(SOFR30A

reference

rate

3.900%

spread),

2023

R06

9.188%

7/25/43

5,280,866

2,550

(b),(c)

Connecticut

Avenue

Securities

Trust

2023-R08,

(SOFR30A

reference

rate

3.550%

spread),

2023

R08

8.899%

10/25/43

2,655,219

4,101

(c)

CSMC

2021-INV2

Trust,

2021

INV2

3.286%

11/25/56

3,314,016

1,000

(c)

CSMC

2021-NQM1,

2021

NQM1

2.130%

5/25/65

732,304

1,300

(c)

DBSG

2024-ALTA

Mortgage

Trust,

2024

ALTA

7.296%

6/10/37

1,325,188

30,450

(c)

DOLP

Trust

2021-NYC,

2021

NYC,

(I/O)

0.665%

5/10/41

1,024,513

Fannie

Mae

Connecticut

Avenue

Securities,

2017

C06,

(I/O)

1.800%

2/25/30

8,453

Fannie

Mae

Pool,

MA5165

5.500%

10/01/53

8,509,551

6,714

Fannie

Mae

Pool,

MA4918

5.000%

2/01/53

6,669,527

(b)

Fannie

Mae

Pool,

946228,

(12-Month

LIBOR

reference

rate

1.587%

spread)

5.837%

9/01/37

10,585

(b)

Fannie

Mae

Pool,

905597,

(12-Month

LIBOR

reference

rate

1.875%

spread)

6.125%

12/01/36

686

6,783

Fannie

Mae

Pool,

MA5039

5.500%

6/01/53

6,831,671

8,263

Fannie

Mae

Pool,

MA5107

5.500%

8/01/53

8,318,666

7,283

Fannie

Mae

Pool,

MA5389

6.000%

6/01/54

7,415,265

6,525

Fannie

Mae

Pool,

MA4919

5.500%

2/01/53

6,573,423

154

(b)

Fannie

Mae

REMICS,

(SOFR30A

reference

rate

5.836%

spread),

2013

98,

(I/O)

0.487%

9/25/43

21,219

(c)

Flagstar

Mortgage

Trust

2017-2,

2017

3.984%

10/25/47

73,220

11,340

Freddie

Mac

Multifamily

Certificates,

2021

ML12,

(I/O)

1.304%

7/25/41

1,090,037

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2021-DNA6,

(SOFR30A

reference

rate

7.500%

spread),

2021

DNA6

12.849%

10/25/41

5,418,773

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X–

MORTGAGE-BACKED

SECURITIES

(continued)

2,020

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA1,

(SOFR30A

reference

rate

3.400%

spread),

2022

DNA1

8.749%

1/25/42

2,091,209

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA1,

(SOFR30A

reference

rate

7.100%

spread),

2022

DNA1

12.449%

1/25/42

5,368,645

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

reference

rate

4.750%

spread),

2022

DNA2

10.099%

2/25/42

5,286,104

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA2,

(SOFR30A

reference

rate

8.500%

spread),

2022

DNA2

13.788%

2/25/42

5,531,965

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA3,

(SOFR30A

reference

rate

5.650%

spread),

2022

DNA3

8.647%

4/25/42

5,408,579

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-DNA3,

(SOFR30A

reference

rate

9.750%

spread),

2022

DNA3

15.087%

4/25/42

5,695,610

5,000

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-HQA1,

(SOFR30A

reference

rate

7.000%

spread),

2022

HQA1

9.997%

3/25/42

5,550,894

4,600

(b),(c)

Freddie

Mac

STACR

REMIC

Trust

2022-HQA2,

(SOFR30A

reference

rate

4.000%

spread),

2022

HQA2

9.349%

7/25/42

4,909,958

121

(b)

Freddie

Mac

Strips,

(SOFR30A

reference

rate

0.058%

spread),

2014

327,

(I/O)

0.472%

3/15/44

12,047

3,598

(b)

Government

National

Mortgage

Association,

(SOFR30A

reference

rate

23.205%

spread),

2023

111

2.328%

8/20/53

3,813,336

2,191

(b)

Government

National

Mortgage

Association,

(SOFR30A

reference

rate

26.100%

spread),

2023

2.814%

7/20/53

2,519,807

1,500

(b),(c)

Mortgage

Securities

Corp

Trust

2018-TWR,

(TSFR1M

reference

rate

1.897%

spread),

2018

TWR

7.234%

7/15/31

577,593

1,081

(b),(c)

Mortgage

Securities

Corp

Trust

2018-TWR,

(1-Month

LIBOR

reference

rate

1.497%

spread),

2018

TWR

3.449%

7/15/31

765,899

2,000

(b),(c)

Mortgage

Securities

Corp

Trust

2021-ARDN,

(TSFR1M

reference

rate

3.464%

spread),

2021

ARDN

8.801%

11/15/36

1,971,953

2,600

(b),(c)

Mortgage

Securities

Corp

Trust

2021-ARDN,

(TSFR1M

reference

rate

1.364%

spread),

2021

ARDN

6.701%

11/15/36

2,570,637

1,000

Mortgage

Securities

Trust

2016-GS3,

2016

GS3

4.104%

10/10/49

903,455

2,260

Mortgage

Securities

Trust

2016-GS4,

2016

GS4

4.075%

11/10/49

1,907,139

1,425

Mortgage

Securities

Trust

2019-GC38,

2019

GC38

4.158%

2/10/52

1,347,054

1,000

Mortgage

Securities

Trust

2020-GSA2,

2020

GSA2

2.012%

12/12/53

836,198

103

(c)

Mortgage-Backed

Securities

Corp

Trust

2019-PJ2,

2019

PJ2

4.000%

11/25/49

96,248

(c)

Mortgage-Backed

Securities

Corp

Trust

2019-PJ2,

2019

PJ2

4.000%

11/25/49

4,634

2,000

(c)

HTL

Commercial

Mortgage

Trust

2024-T53,

2024

T53

7.324%

5/10/39

2,045,326

1,000

(c)

Hudson

Yards

2019-55HY

Mortgage

Trust,

2019

55HY

3.041%

12/10/41

748,171

1,500

(b),(c)

ILPT

Commercial

Mortgage

Trust

2022-LPF2,

(TSFR1M

reference

rate

2.744%

spread),

2022

LPF2

8.081%

10/15/39

1,473,429

379

Impac

Secured

Assets

CMN

Owner

Trust,

2000

8.000%

10/25/30

346,452

2,000

(c)

Imperial

Fund

Mortgage

Trust

2020-NQM1,

2020

NQM1

3.531%

10/25/55

1,822,835

277

(c)

Imperial

Fund

Mortgage

Trust

2020-NQM1,

2020

NQM1

2.051%

10/25/55

259,603

450

(c)

Imperial

Fund

Mortgage

Trust

2021-NQM1,

2021

NQM1

2.383%

6/25/56

340,082

354

(c)

Imperial

Fund

Mortgage

Trust

2021-NQM1,

2021

NQM1

1.617%

6/25/56

310,274

2,441

(b),(c)

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2022-NLP,

(TSFR1M

reference

rate

2.608%

spread),

2022

NLP

7.918%

4/15/37

2,146,052

4,748

(c)

J.P.

Morgan

Mortgage

Trust

2022-LTV2,

2022

LTV2

3.670%

9/25/52

3,985,233

158

(b)

Morgan

Alternative

Loan

Trust

2007-S1,

(TSFR1M

reference

rate

0.674%

spread),

2007

5.952%

4/25/47

149,632

1,000

(c)

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2020-NNN,

2020

NNN

3.065%

1/16/37

784,160

1,364

(c)

Morgan

Mortgage

Trust

2020-INV1,

2020

INV1

4.186%

8/25/50

1,183,641

2,500

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C31,

2015

C31

4.777%

8/15/48

1,984,972

2,500

(c)

JPMBB

Commercial

Mortgage

Securities

Trust

2015-C33,

2015

C33

4.136%

12/15/48

2,225,350

1,400

(c)

JPMBB

Commercial

Mortgage

Securities

Trust

2016-C1,

2016

4.358%

3/17/49

1,215,824

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X–

MORTGAGE-BACKED

SECURITIES

(continued)

2,000

JPMCC

Commercial

Mortgage

Securities

Trust

2017-JP6,

2017

JP6

3.850%

7/15/50

1,455,658

1,335

JPMCC

Commercial

Mortgage

Securities

Trust

2017-JP7,

2017

JP7

3.744%

9/15/50

1,096,506

1,400

(c)

JPMCC

Commercial

Mortgage

Securities

Trust

2017-JP7,

2017

JP7

4.494%

9/15/50

799,529

190

(c)

Ladder

Capital

Commercial

Mortgage

2013-GCP

Mortgage

Trust,

2013

GCP

3.985%

2/15/36

174,395

34,356

(c)

MFT

Trust

2020-ABC,

2020

ABC,

(I/O)

0.235%

2/10/42

243,433

750

Morgan

Stanley

Capital

Trust

2018-H3,

2018

4.177%

7/15/51

734,305

2,000

(c)

MRCD

2019-MARK

Mortgage

Trust,

2019

PARK

2.718%

12/15/36

1,271,020

500

(c)

MSCG

Trust

2015-ALDR,

2015

ALDR

3.577%

6/07/35

447,310

1,500

(c)

MSCG

Trust

2015-ALDR,

2015

ALDR

3.577%

6/07/35

1,360,902

1,000

(b),(c)

MTN

Commercial

Mortgage

Trust

2022-LPFL,

(TSFR1M

reference

rate

2.943%

spread),

2022

LPFL

7.773%

3/15/39

962,499

1,500

(b),(c)

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE,

(TSFR1M

reference

rate

3.579%

spread),

2019

MILE

8.916%

7/15/36

1,053,061

1,500

(b),(c)

Natixis

Commercial

Mortgage

Securities

Trust

2019-MILE,

(TSFR1M

reference

rate

4.329%

spread),

2019

MILE

9.666%

7/15/36

970,561

(c)

New

Residential

Mortgage

Loan

Trust

2015-2,

2015

5.353%

8/25/55

77,411

1,000

(c)

NLT

2021-INV2

Trust,

2021

INV2

2.569%

8/25/56

717,947

1,150

(c)

One

Bryant

Park

Trust

2019-OBP,

2019

OBP

2.516%

9/15/54

1,014,958

2,696

(b),(c)

OPEN

Trust,

(TSFR1M

reference

rate

5.236%

spread),

2023

AIR

10.573%

10/15/28

2,717,363

2,000

(b),(c)

PKHL

Commercial

Mortgage

Trust

2021-MF,

(TSFR1M

reference

rate

0.994%

spread),

2021

6.331%

7/15/38

1,911,150

1,000

(b),(c)

RLGH

Trust

2021-TROT,

(1-Month

LIBOR

reference

rate

1.828%

spread),

2021

TROT

1.821%

4/15/36

983,026

(c)

Sequoia

Mortgage

Trust

2018-7,

2018

4.000%

9/25/48

9,531

(c)

Sequoia

Mortgage

Trust

2019-2,

2019

4.000%

6/25/49

5,584

40,180

(c)

SLG

Office

Trust

2021-OVA,

2021

OVA,

(I/O)

0.258%

7/15/41

559,241

1,155

(c)

SLG

Office

Trust

2021-OVA,

2021

OVA

2.851%

7/15/41

917,890

1,831

(b),(c)

SMR

2022-IND

Mortgage

Trust,

(TSFR1M

reference

rate

3.950%

spread),

2022

IND

9.287%

2/15/39

1,733,509

2,140

(b),(c)

SREIT

Trust

2021-PALM,

(TSFR1M

reference

rate

1.524%

spread),

2021

PALM

6.861%

10/15/34

2,086,149

2,000

(b),(c)

Trust

2024-HOU,

(TSFR1M

reference

rate

3.239%

spread),

2024

8.576%

6/15/39

1,982,881

600

(c)

Verus

Securitization

Trust

2019-4,

2019

3.207%

11/25/59

570,073

2,000

(c)

Verus

Securitization

Trust

2021-8,

2021

3.288%

11/25/66

1,636,578

Washington

Mutual

MSC

Mortgage

Pass-Through

Certificates

Series

2004-RA3

Trust,

2004

RA3

5.667%

8/25/38

32,630

4,500

Wells

Fargo

Commercial

Mortgag,

2024

5.856%

8/15/57

4,670,083

1,615

Wells

Fargo

Commercial

Mortgage

Trust

2015-NXS1,

2015

NXS1

3.658%

5/15/48

1,563,937

942

(c)

Wells

Fargo

Mortgage

Backed

Securities

2021-INV1

Trust,

2021

INV1

3.314%

8/25/51

787,926

TOTAL

MORTGAGE-BACKED

SECURITIES

(cost

$330,893,893)

319,485,208

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

CORPORATE

BONDS

181,104,654

AUTOMOBILES

COMPONENTS

0.2%

1,000

(c)

Ford

Otomotiv

Sanayi

7.125%

4/25/29

1,027,020

1,125

General

Motors

Financial

Inc

5.850%

4/06/30

1,173,770

TOTAL

AUTOMOBILES

COMPONENTS

2,200,790

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

BANKS

2.4%

375

(c)

African

Export-Import

Bank/The

2.634%

5/17/26

356,250

1,000

(c)

Akbank

TAS

6.800%

2/06/26

1,011,870

375

(c)

Akbank

TAS

7.498%

1/20/30

381,322

500

(c),(d)

Banco

Brasil

SA/Cayman

6.000%

3/18/31

507,641

1,050

(c)

Banco

Nacional

Comercio

Exterior

SNC/Cayman

Islands

2.720%

8/11/31

956,792

500

(c)

Bangkok

Bank

PCL/Hong

Kong

3.466%

9/23/36

432,145

2,975

Bank

America

Corp

5.819%

9/15/29

3,107,341

1,325

Bank

America

Corp

5.468%

1/23/35

1,371,415

1,035

(c)

Banque

Ouest

Africaine

Developpement

4.700%

10/22/31

932,939

1,475

Citibank

5.570%

4/30/34

1,549,291

1,675

Deutsche

Bank

AG/New

York

3.961%

11/26/25

1,668,207

1,675

(c)

Development

Bank

Kazakhstan

JSC

2.950%

5/06/31

1,405,827

375

(c)

Grupo

Aval

Ltd

4.375%

2/04/30

332,508

1,125

JPMorgan

Chase

4.979%

7/22/28

1,139,375

2,675

JPMorgan

Chase

5.294%

7/22/35

2,745,154

1,250

Morgan

Stanley

Bank

5.882%

10/30/26

1,288,049

1,700

(c)

NatWest

Markets

PLC

5.410%

5/17/29

1,752,097

500

(c)

Turkiye

Garanti

Bankasi

7.177%

5/24/27

501,430

290

(c)

Turkiye

Garanti

Bankasi

8.375%

2/28/34

295,075

TOTAL

BANKS

21,734,728

CAPITAL

GOODS

0.8%

1,825

(c)

Albion

Financing

Sarl

8.750%

4/15/27

1,865,035

1,000

(c)

Alta

Equipment

Group

Inc

9.000%

6/01/29

908,631

1,250

Boeing

Co/The

5.805%

5/01/50

1,179,806

1,125

Honeywell

International

Inc

5.000%

3/01/35

1,154,135

1,275

(c)

Sisecam

PLC

8.625%

5/02/32

1,318,452

900

(c)

Sociedad

Quimica

Minera

Chile

6.500%

11/07/33

968,429

TOTAL

CAPITAL

GOODS

7,394,488

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

0.8%

1,125

Lowe's

Cos

Inc

4.250%

4/01/52

922,761

2,000

(c)

Michaels

Cos

Inc/The

7.875%

5/01/29

1,170,840

1,125

(c)

Michaels

Cos

Inc/The

5.250%

5/01/28

883,286

2,000

(c)

Prosus

3.257%

1/19/27

1,908,224

725

(c)

Prosus

3.680%

1/21/30

668,502

1,000

(c)

Staples

Inc

10.750%

9/01/29

941,905

500

(c)

Velocity

Vehicle

Group

LLC

8.000%

6/01/29

520,058

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

7,015,576

CONSUMER

SERVICES

0.2%

500

(c)

GENM

Capital

Labuan

Ltd

3.882%

4/19/31

446,981

1,135

Sands

China

Ltd

3.250%

8/08/31

979,901

TOTAL

CONSUMER

SERVICES

1,426,882

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

0.1%

710

Kroger

Co/The

5.500%

9/15/54

695,940

490

Walgreens

Boots

Alliance

Inc

8.125%

8/15/29

490,845

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

1,186,785

ENERGY

2.4%

2,250

Cheniere

Energy

Partners

4.500%

10/01/29

2,200,423

800

(c)

Cosan

Luxembourg

5.500%

9/20/29

779,128

450

Ecopetrol

4.625%

11/02/31

380,677

575

Ecopetrol

6.875%

4/29/30

573,629

1,000

Ecopetrol

5.875%

11/02/51

722,755

100

Ecopetrol

5.875%

5/28/45

74,337

2,000

(c)

EIG

Pearl

Holdings

Sarl

3.545%

8/31/36

1,755,160

300

(c)

Empresa

Nacional

del

Petroleo

6.150%

5/10/33

314,694

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

ENERGY

(continued)

900

(c)

Empresa

Nacional

del

Petroleo

3.450%

9/16/31

807,451

826

(c)

Energean

Israel

Finance

Ltd,

Reg

5.375%

3/30/28

746,192

1,700

(c)

Galaxy

Pipeline

Assets

Bidco

Ltd

2.625%

3/31/36

1,434,929

770

(c)

Kraken

Oil

Gas

Partners

LLC

7.625%

8/15/29

793,589

375

Marathon

Oil

Corp

5.300%

4/01/29

386,279

1,125

Marathon

Petroleum

Corp

5.000%

9/15/54

987,069

500

(c)

Medco

Laurel

Tree

Pte

Ltd

6.950%

11/12/28

499,843

500

(c)

Medco

Maple

Tree

Pte

Ltd

8.960%

4/27/29

526,894

500

(c)

Pertamina

Persero

1.400%

2/09/26

476,095

200

(c)

Petroleos

del

Peru

4.750%

6/19/32

150,339

1,490

Petroleos

Mexicanos

6.700%

2/16/32

1,283,865

559

Petroleos

Mexicanos

7.690%

1/23/50

415,898

100

Petroleos

Mexicanos

6.750%

9/21/47

68,449

1,000

(c)

SierraCol

Energy

Andina

LLC

6.000%

6/15/28

910,403

1,800

Targa

Resources

Corp

5.500%

2/15/35

1,827,543

1,000

(c)

Thaioil

Treasury

Center

Ltd

2.500%

6/18/30

873,248

1,780

Transcanada

Trust

5.500%

9/15/79

1,669,593

1,000

(c)

LIQUIDSCO0

6.176%

10/01/54

999,444

TOTAL

ENERGY

21,657,926

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

0.7%

1,125

Camden

Property

Trust

4.900%

1/15/34

1,117,940

1,025

Essential

Properties

2.950%

7/15/31

877,441

1,700

Kite

Realty

Group

4.000%

10/01/26

1,668,420

1,125

Kite

Realty

Group

4.950%

12/15/31

1,111,169

2,000

(c)

Uniti

Group

Uniti

Group

Finance

Inc

CSL

Capital

LLC

10.500%

2/15/28

2,052,112

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

6,827,082

FINANCIAL

SERVICES

1.4%

1,925

AerCap

Ireland

Capital

DAC

AerCap

Global

Aviation

Trust

3.000%

10/29/28

1,800,354

500

(b),(c)

Citrus

Ltd

(3-Month

U.S.

Treasury

Bill

reference

rate

5.060%

spread)

5.100%

6/07/25

504,100

600

(c)

DAE

Funding

LLC

3.375%

3/20/28

568,013

1,400

(c)

ENN

Clean

Energy

International

Investment

Ltd

3.375%

5/12/26

1,352,563

1,125

(c)

HAT

Holdings

LLC

HAT

Holdings

LLC

3.375%

6/15/26

1,077,699

500

(b),(c)

Hestia

Ltd

(1-Month

U.S.

Treasury

Bill

reference

rate

10.080%

spread)

15.200%

4/22/25

460,000

1,000

(c)

Icahn

Enterprises

Icahn

Enterprises

Finance

Corp

9.750%

1/15/29

1,050,212

250

(b),(c)

Matterhorn

Ltd

(SOFR

reference

rate

5.250%

spread)

5.889%

3/24/25

247,325

3,250

Morgan

Stanley

5.042%

7/19/30

3,305,403

1,000

(b),(c)

Sanders

Ltd

(3-Month

U.S.

Treasury

Bill

reference

rate

3.000%

spread)

3.250%

4/07/25

992,300

1,225

(c)

UBS

Group

6.301%

9/22/34

1,321,691

TOTAL

FINANCIAL

SERVICES

12,679,660

FOOD,

BEVERAGE

TOBACCO

0.9%

700

(c)

Anadolu

Efes

Biracilik

Malt

Sanayii

3.375%

6/29/28

618,626

975

Anheuser-Busch

InBev

Worldwide

Inc

4.350%

6/01/40

899,299

875

Anheuser-Busch

InBev

Worldwide

Inc

5.000%

6/15/34

897,366

1,200

(c)

Bimbo

Bakeries

USA

Inc

6.050%

1/15/29

1,260,432

1,200

(c)

Cia

Cervecerias

Unidas

3.350%

1/19/32

1,058,821

1,500

Kellanova

3.250%

4/01/26

1,470,076

1,125

Philip

Morris

International

Inc

4.875%

2/13/29

1,143,795

1,350

(c)

Ulker

Biskuvi

Sanayi

7.875%

7/08/31

1,394,118

TOTAL

FOOD,

BEVERAGE

TOBACCO

8,742,533

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

HEALTH

CARE

EQUIPMENT

SERVICES

0.7%

2,000

(c)

CHS/Community

Health

Systems

Inc

10.875%

1/15/32

2,165,042

800

CVS

Health

Corp

5.050%

3/25/48

709,102

1,045

(c)

LifePoint

Health

Inc

11.000%

10/15/30

1,177,711

1,510

(c)

Prime

Healthcare

Services

Inc

9.375%

9/01/29

1,522,210

1,250

UnitedHealth

Group

Inc

5.000%

4/15/34

1,270,104

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

6,844,169

HOUSEHOLD

PERSONAL

PRODUCTS

0.1%

1,300

Unilever

Capital

Corp

4.625%

8/12/34

1,302,374

TOTAL

HOUSEHOLD

PERSONAL

PRODUCTS

1,302,374

INSURANCE

1.1%

1,600

(c)

Allianz

6.350%

9/06/53

1,702,072

1,655

(c)

Ardonagh

Group

Finance

Ltd

8.875%

2/15/32

1,713,991

500

(b),(c)

Bonanza

Ltd2020

(3-Month

U.S.

Treasury

Bill

reference

rate

4.930%

spread)

10.037%

12/23/24

491,200

250

(b),(c)

Bonanza

Ltd

(3-Month

U.S.

Treasury

Bill

reference

rate

5.620%

spread)

10.740%

3/16/25

244,850

1,250

Reinsurance

Group

America

Inc

5.750%

9/15/34

1,298,343

550

(b),(c)

Residential

Reinsurance

2020

Ltd2020

(3-Month

U.S.

Treasury

Bill

reference

rate

6.290%

spread)

6.510%

12/06/24

536,085

1,125

(c)

Sammons

Financial

Group

Inc

6.875%

4/15/34

1,189,530

500

(b),(c)

Vitality

XII

Ltd2020

(3-Month

U.S.

Treasury

Bill

reference

rate

2.250%

spread)

2.250%

1/07/25

499,950

1,000

(b),(c)

Vitality

XIV

Ltd

(3-Month

U.S.

Treasury

Bill

reference

rate

3.500%

spread)

8.607%

1/05/27

1,014,500

1,000

(b),(c)

Vitality

Ltd

(3-Month

U.S.

Treasury

Bill

reference

rate

2.500%

spread)

7.620%

1/07/28

998,700

TOTAL

INSURANCE

9,689,221

MATERIALS

1.7%

1,700

(c)

Alpek

SAB

4.250%

9/18/29

1,622,715

1,700

Amcor

Finance

USA

Inc

3.625%

4/28/26

1,666,154

1,675

AngloGold

Ashanti

Holdings

PLC

3.750%

10/01/30

1,519,694

700

AngloGold

Ashanti

Holdings

PLC

3.375%

11/01/28

650,490

875

(c)

Cemex

SAB

9.125%

12/30/49

(e)

951,204

325

(c)

Corp

Nacional

del

Cobre

Chile

6.440%

1/26/36

348,733

1,120

(c)

Freeport

Indonesia

5.315%

4/14/32

1,122,896

710

(c)

Inversiones

CMPC

6.125%

6/23/33

749,590

1,325

(c)

Mineral

Resources

Ltd

9.250%

10/01/28

1,399,791

225

(c)

Nexa

Resources

6.750%

4/09/34

236,240

1,025

(c)

OCP

3.750%

6/23/31

916,031

1,325

(c)

Orbia

Advance

Corp

SAB

1.875%

5/11/26

1,252,826

725

(d)

Sasol

Financing

USA

LLC

4.375%

9/18/26

697,023

500

(c)

Sasol

Financing

USA

LLC

8.750%

5/03/29

521,718

1,500

Suzano

Austria

GmbH

3.125%

1/15/32

1,278,321

900

(c)

UltraTech

Cement

Ltd

2.800%

2/16/31

781,978

TOTAL

MATERIALS

15,715,404

MEDIA

ENTERTAINMENT

1.0%

535

(d)

Baidu

Inc

1.625%

2/23/27

499,332

850

Charter

Communications

Operating

LLC

Charter

Communications

Operating

Capital

3.900%

6/01/52

556,652

1,550

Comcast

Corp

2.800%

1/15/51

1,002,579

2,000

(c)

CSC

Holdings

LLC

11.250%

5/15/28

1,777,376

3,000

(c)

DISH

Network

Corp

11.750%

11/15/27

3,050,295

1,430

(c)

Gray

Television

Inc

10.500%

7/15/29

1,467,713

850

Warnermedia

Holdings

Inc

5.141%

3/15/52

646,509

TOTAL

MEDIA

ENTERTAINMENT

9,000,456

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

0.5%

850

AbbVie

Inc

5.400%

3/15/54

880,865

1,475

Amgen

Inc

5.650%

3/02/53

1,517,056

1,250

Pfizer

Investment

Enterprises

Pte

Ltd

5.300%

5/19/53

1,256,141

670

Teva

Pharmaceutical

Finance

Netherlands

III

8.125%

9/15/31

766,747

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

4,420,809

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.2%

2,000

(c)

Anywhere

Real

Estate

Group

LLC

Anywhere

Co-Issuer

Corp

7.000%

4/15/30

1,773,267

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

1,773,267

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

0.2%

1,200

(c)

Hynix

Inc

1.500%

1/19/26

1,145,263

300

TSMC

Arizona

Corp

3.875%

4/22/27

295,534

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

1,440,797

SOFTWARE

SERVICES

0.4%

2,075

(c)

Ahead

Holdings

LLC

6.625%

5/01/28

1,990,817

800

Oracle

Corp

5.550%

2/06/53

792,917

1,000

(c)

Rocket

Software

Inc

9.000%

11/28/28

1,037,429

TOTAL

SOFTWARE

SERVICES

3,821,163

TELECOMMUNICATION

SERVICES

1.2%

1,350

AT&T

Inc

3.500%

9/15/53

960,418

1,125

AT&T

Inc

3.800%

12/01/57

824,577

1,400

(c)

C&W

Senior

Finance

Ltd

6.875%

9/15/27

1,378,242

775

(c)

Trust

5.125%

2/03/32

696,630

975

(c)

Empresa

Nacional

Telecomunicaciones

3.050%

9/14/32

814,911

865

(c)

Iliad

Holding

SASU

8.500%

4/15/31

916,612

1,000

(c)

Level

Financing

Inc

10.500%

4/15/29

1,071,970

1,000

(c)

Level

Financing

Inc

10.500%

5/15/30

1,071,470

1,000

(c)

Liberty

Costa

Rica

Senior

Secured

Finance

10.875%

1/15/31

1,075,540

875

(c)

Sitios

Latinoamerica

SAB

5.375%

4/04/32

835,139

1,230

(c)

Zegona

Finance

PLC

8.625%

7/15/29

1,277,662

TOTAL

TELECOMMUNICATION

SERVICES

10,923,171

TRANSPORTATION

1.1%

500

(c)

Adani

Ports

Special

Economic

Zone

Ltd

3.100%

2/02/31

420,742

1,205

American

Airlines

2021-1

Class

Pass

Through

Trust2021

2021

2.875%

7/11/34

1,042,475

3,500

(c)

Brightline

East

LLC

11.000%

1/31/30

3,191,843

1,500

(c),(d)

Bondco

LLC

9.500%

10/15/31

1,526,809

500

(c)

Grupo

Aeromexico

SAB

8.500%

3/17/27

503,380

1,257

(c)

Hawaiian

Brand

Intellectual

Property

Ltd

HawaiianMiles

Loyalty

Ltd

11.000%

4/15/29

1,279,375

740

(c)

MISC

Capital

Two

Labuan

Ltd

3.750%

4/06/27

721,622

1,000

(c)

Transnet

SOC

Ltd

8.250%

2/06/28

1,030,000

TOTAL

TRANSPORTATION

9,716,246

UTILITIES

1.7%

900

AEP

Transmission

LLC

3.750%

12/01/47

701,090

1,035

(c)

AES

Espana

5.700%

5/04/28

978,593

1,192

(c)

Alfa

Desarrollo

SpA2021

4.550%

9/27/51

929,829

500

(c)

Continuum

Green

Energy

India

Pvt

Co-Issuers

7.500%

6/26/33

513,400

1,150

Duke

Energy

Progress

LLC

5.350%

3/15/53

1,144,481

800

(c)

Empresas

Publicas

Medellin

ESP

4.375%

2/15/31

701,332

1,000

(c)

EnfraGen

Energia

Sur

EnfraGen

Spain

Prime

Energia

SpA

5.375%

12/30/30

861,759

950

(c)

Eskom

Holdings

SOC

Ltd

6.350%

8/10/28

950,532

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

UTILITIES

(continued)

1,125

(c)

Ferrellgas

Finance

Corp

5.875%

4/01/29

1,054,694

1,125

Florida

Power

Light

5.150%

6/15/29

1,164,931

850

Interstate

Power

and

Light

3.100%

11/30/51

566,835

875

(c)

Israel

Electric

Corp

Ltd,

Reg

3.750%

2/22/32

751,380

1,500

(c)

ReNew

Wind

Energy

AP2

ReNew

Power

Pvt

Ltd

other

Subsidiaries

4.500%

7/14/28

1,388,315

575

(c)

RWE

Finance

LLC

5.875%

4/16/34

593,603

825

(c)

RWE

Finance

LLC

6.250%

4/16/54

849,682

708

(c)

Sweihan

Power

PJSC2022

3.625%

1/31/49

594,782

586

(c)

UEP

Penonome

SA2020

6.500%

10/01/38

505,345

1,300

Wisconsin

Power

and

Light

5.375%

3/30/34

1,340,544

TOTAL

UTILITIES

15,591,127

TOTAL

CORPORATE

BONDS

(cost

$185,215,863)

181,104,654

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

ASSET-BACKED

SECURITIES

13.4%

122,939,418

1,084

(c)

Aaset

2021-2

Trust,

2021

2.798%

1/15/47

982,272

600

(b),(c)

ACRE

Commercial

Mortgage

2021-FL4

Ltd,

(TSFR1M

reference

rate

2.714%

spread),

2021

FL4

8.056%

12/18/37

570,371

2,000

(c)

Adams

Outdoor

Advertising

LP,

2023

6.967%

7/15/53

2,113,097

928

(c)

Alterna

Funding

III

LLC,

2024

7.136%

5/16/39

939,481

914

(c)

Alterna

Funding

III

LLC,

2024

6.260%

5/16/39

926,038

541

(b)

Ameriquest

Mortgage

Securities

Inc

Asset

Back

Ser

2004-

R1,

(TSFR1M

reference

rate

0.714%

spread),

2004

2.788%

2/25/34

526,526

850

(c)

Avis

Budget

Rental

Car

Funding

AESOP

LLC,

2021

2.130%

8/20/27

799,232

2,947

(c)

Bojangles

Issuer

LLC,

2020

3.832%

10/20/50

2,842,234

2,625

(b),(c)

Boyce

Park

Clo

Ltd,

(TSFR3M

reference

rate

3.100%

spread),

2022

8.382%

4/21/35

2,633,859

3,250

(c)

Brex

Commercial

Charge

Card

Master

Trust,

2024

6.680%

7/15/27

3,282,322

257

(c)

British

Airways

2020-1

Class

Pass

Through

Trust,

2020

8.375%

11/15/28

269,348

1,250

(c)

Cars

Net

Lease

Mortgage

Notes

Series

2020-1,

2020

4.690%

12/15/50

1,132,409

1,472

(c)

Cars

Net

Lease

Mortgage

Notes

Series

2020-1,

2020

3.100%

12/15/50

1,363,185

1,150

(c)

CARS-DB4

LP,

2020

4.520%

2/15/50

1,088,271

630

(c)

CARS-DB5

LP,

2021

1.920%

8/15/51

586,872

791

Carvana

Auto

Receivables

Trust

2021-N4,

2021

2.300%

9/11/28

767,203

1,349

(c)

Hippolyta

Issuer

LLC,

2020

2.280%

7/15/60

1,279,940

675

(c)

Hippolyta

Issuer

LLC,

2020

2.600%

7/15/60

580,512

1,000

(b),(c)

CIFC

Funding

2018-II

Ltd,

(3-Month

LIBOR

reference

rate

3.112%

spread),

2018

5.560%

4/20/31

1,001,877

2,125

(b),(c)

CIFC

Funding

2020-I

Ltd,

(TSFR3M

reference

rate

3.362%

spread),

2020

8.663%

7/15/36

2,132,076

385

(b),(c)

CIFC

Funding

2020-II

Ltd,

(3-Month

LIBOR

reference

rate

6.762%

spread),

2020

12.044%

10/20/34

386,702

1,760

(b),(c)

CIFC

Funding

2020-II

Ltd,

(TSFR3M

reference

rate

3.312%

spread),

2020

8.594%

10/20/34

1,765,641

1,305

(b),(c)

CIFC

Funding

2020-II

Ltd,

(TSFR3M

reference

rate

2.312%

spread),

2020

7.594%

10/20/34

1,307,203

2,500

(b),(c)

CIFC

Funding

2022-IV

Ltd,

(SOFR

reference

rate

3.550%

spread),

2022

8.836%

7/16/35

2,509,950

2,410

(c)

Cologix

Data

Centers

Issuer

LLC,

2021

3.300%

12/26/51

2,277,024

2,000

(c)

Concord

Music

Royalties

LLC,

2022

6.500%

1/20/73

2,049,992

3,000

(c)

Crescendo

Royalty

Funding

LP,

2021

3.567%

12/20/51

2,863,186

1,568

(c)

CyrusOne

Data

Centers

Issuer

LLC,

2023

5.450%

4/20/48

1,520,678

1,000

(c)

CyrusOne

Data

Centers

Issuer

LLC,

2023

5.560%

11/20/48

1,005,181

628

(c)

Master

Finance

LLC,

2019

4.021%

5/20/49

616,305

1,167

(c)

Master

Finance

LLC,

2021

2.045%

11/20/51

1,093,565

1,167

(c)

Master

Finance

LLC,

2021

2.493%

11/20/51

1,054,801

109

(c)

Diamond

Resorts

Owner

Trust

2021-1,

2021

2.700%

11/21/33

104,580

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X–

ASSET-BACKED

SECURITIES

(continued)

109

(c)

Diamond

Resorts

Owner

Trust

2021-1,

2021

3.830%

11/21/33

104,226

972

(c)

Domino's

Pizza

Master

Issuer

LLC,

2021

2.662%

4/25/51

888,172

1,440

(c)

Domino's

Pizza

Master

Issuer

LLC,

2019

3.668%

10/25/49

1,350,437

1,300

(b),(c)

Elmwood

CLO

Ltd,

(TSFR3M

reference

rate

3.650%

spread),

2022

8.936%

1/17/37

1,314,009

1,500

(b),(c)

Elmwood

CLO

Ltd,

(TSFR3M

reference

rate

3.600%

spread),

2024

8.891%

4/18/37

1,524,641

2,808

(c)

EWC

Master

Issuer

LLC,

2022

5.500%

3/15/52

2,721,444

1,000

(c)

Frontier

Issuer

LLC,

2023

8.300%

8/20/53

1,039,010

1,000

(c)

Frontier

Issuer

LLC,

2023

11.500%

8/20/53

1,030,707

2,000

(c)

Frontier

Issuer

LLC,

2023

6.600%

8/20/53

2,044,994

2,000

(b),(c)

GRACIE

POINT

INTERNATIONAL

FUNDING

2023-2,

(SOFR90A

reference

rate

5.400%

spread),

2023

10.769%

3/01/27

2,032,209

2,895

(c)

Hardee's

Funding

LLC,

2020

3.981%

12/20/50

2,682,071

1,500

(c)

Hertz

Vehicle

Financing

III

LLC,

2024

6.210%

1/27/31

1,523,944

1,000

(c)

Hertz

Vehicle

Financing

III

LLC,

2024

6.120%

1/25/29

1,011,884

500

(c)

Hertz

Vehicle

Financing

LLC,

2021

2.050%

12/26/25

495,336

1,150

(c)

HI-FI

Music

Issuer

LP,

2022

3.939%

2/01/62

1,105,141

274

(c)

Hilton

Grand

Vacations

Trust

2019-A,

2019

2.840%

7/25/33

264,849

1,473

(c)

Horizon

Aircraft

Finance

Ltd,

2019

3.721%

7/15/39

1,362,090

730

(c)

Horizon

Aircraft

Finance

III

Ltd,

2019

3.425%

11/15/39

664,466

1,000

(c)

Hotwire

Funding

LLC,

2021

2.658%

11/20/51

932,232

1,000

(c)

Hotwire

Funding

LLC,

2024

6.672%

6/20/54

1,036,679

1,025

(c)

Hpefs

Equipment

Trust

2022-2,

2022

4.940%

3/20/30

1,022,360

1,250

(c),(f)

Industrial

DPR

Funding

Ltd,

2022

5.380%

4/15/34

1,101,175

2,092

(c)

Jonah

Energy

Abs

LLC,

2022

7.200%

11/20/37

2,109,876

1,466

(c)

Lunar

2021-1

Structured

Aircraft

Portfolio

Notes,

2021

5.682%

10/15/46

1,330,605

1,500

(b),(c)

Madison

Park

Funding

XXXVI

Ltd,

(TSFR3M

reference

rate

3.500%

spread),

2019

36A

5.981%

4/15/35

1,505,826

1,500

(b),(c)

Magnetite

XXIII

Ltd,

(TSFR3M

reference

rate

2.312%

spread),

2019

23A

7.596%

1/25/35

1,503,417

(c)

MAPS

2018-1

Ltd,

2018

4.212%

5/15/43

65,452

155

(c)

MAPS

2021-1

Trust,

2021

2.521%

6/15/46

145,312

1,000

(c)

Mercury

Financial

Credit

Card

Master

Trust,

2023

9.590%

9/20/27

1,009,560

1,000

(c)

Mercury

Financial

Credit

Card

Master

Trust,

2023

8.040%

9/20/27

1,005,470

1,000

(c)

MetroNet

Infrastructure

Issuer

LLC,

2023

8.010%

4/20/53

1,045,838

2,000

(c)

MetroNet

Infrastructure

Issuer

LLC,

2022

6.350%

10/20/52

2,046,330

373

(c)

MVW

2019-2

LLC,

2019

2.680%

10/20/38

358,995

142

(c)

MVW

2021-1W

LLC,

2021

1WA

1.940%

1/22/41

133,452

270

(c)

MVW

Owner

Trust

2019-1,

2019

3.330%

11/20/36

263,822

1,000

(b),(c)

Neuberger

Berman

CLO

Ltd,

(TSFR3M

reference

rate

7.625%

spread),

2023

23-53A

12.908%

10/24/32

1,011,847

660

(b),(c)

Neuberger

Berman

Loan

Advisers

Clo

Ltd,

(TSFR3M

reference

rate

6.112%

spread),

2021

40A

11.398%

4/16/33

662,882

1,625

(b),(c)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

(TSFR3M

reference

rate

3.200%

spread),

2022

48A

8.485%

4/25/36

1,632,594

1,000

(c)

Oak

Street

Investment

Grade

Net

Lease

Fund

Series

2021-1,

2021

4.230%

1/20/51

926,911

2,175

(b),(c)

OHA

Credit

Funding

Ltd,

(TSFR3M

reference

rate

3.462%

spread),

2019

4.336%

10/22/36

2,184,485

119

(c)

Oportun

Funding

XIV

LLC,

2021

3.440%

3/08/28

116,877

119

(c)

Oportun

Funding

XIV

LLC,

2021

5.400%

3/08/28

115,215

350

(c)

Oportun

Issuance

Trust

2021-C,

2021

5.570%

10/08/31

328,683

617

(c)

Oportun

Issuance

Trust

2021-C,

2021

3.610%

10/08/31

601,589

1,000

(b),(c)

Palmer

Square

CLO

2021-3

Ltd,

(TSFR3M

reference

rate

3.212%

spread),

2021

5.462%

1/15/35

1,002,581

2,500

(b),(c)

Palmer

Square

CLO

2022-1

Ltd,

(TSFR3M

reference

rate

3.050%

spread),

2022

8.332%

4/20/35

2,508,608

2,000

(b),(c)

Palmer

Square

CLO

2023-1

Ltd,

(TSFR3M

reference

rate

5.300%

spread),

2023

10.582%

1/20/36

2,025,558

1,101

(c)

Purewest

Funding

LLC,

2021

4.091%

12/22/36

1,076,525

1,976

(c)

Sesac

Finance

LLC,

2019

5.216%

7/25/49

1,955,945

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X–

ASSET-BACKED

SECURITIES

(continued)

(c)

Settlement

Fee

Finance

2019-1

LLC,

2019

3.840%

11/01/49

88,415

(c)

Sierra

Timeshare

2019-3

Receivables

Funding

LLC,

2019

4.180%

8/20/36

99,235

(c)

Sierra

Timeshare

2021-1

Receivables

Funding

LLC,

2021

1.790%

11/20/37

82,509

1,853

(c)

Sonic

Capital

LLC,

2020

3.845%

1/20/50

1,788,675

1,000

(c)

Sotheby's

Artfi

Master

Trust,

2024

8.380%

12/22/31

1,012,475

815

(c)

Start

LTD,

2019

5.095%

3/15/44

774,036

1,500

(c)

Subway

Funding

LLC,

2024

6.028%

7/30/54

1,539,013

2,584

(c)

Taco

Bell

Funding

LLC,

2021

2.294%

8/25/51

2,300,246

1,500

(b),(c)

TCW

CLO

2021-2

Ltd,

(3-Month

LIBOR

reference

rate

7.122%

spread),

2021

6.985%

7/25/34

1,505,777

3,000

(c)

VB-S1

Issuer

LLC

VBTEL,

2022

4.288%

2/15/52

2,855,512

2,155

(c)

VB-S1

Issuer

LLC

VBTEL,

2022

3.156%

2/15/52

2,042,468

801

(c)

Vivint

Solar

Financing

LLC,

2018

7.370%

4/30/48

755,562

164

(c)

Funding

LLC,

2020

6.420%

11/15/50

151,357

853

(c)

Funding

LLC,

2020

2.790%

11/15/50

774,974

844

(c)

Wendy's

Funding

LLC,

2021

2.370%

6/15/51

754,500

1,402

(c)

Wendy's

Funding

LLC,

2018

3.884%

3/15/48

1,351,191

876

(c)

Willis

Engine

Structured

Trust

VI,

2021

3.104%

5/15/46

796,818

1,342

(c)

Willis

Engine

Structured

Trust

VII,

2023

8.000%

10/15/48

1,425,480

533

(c)

Zaxbys

Funding

LLC,

2021

3.238%

7/30/51

486,495

1,000

(c)

Ziply

Fiber

Issuer

LLC,

2024

7.810%

4/20/54

1,037,439

1,000

(c)

Ziply

Fiber

Issuer

LLC,

2024

11.170%

4/20/54

1,018,977

TOTAL

ASSET-BACKED

SECURITIES

(cost

$124,081,187)

122,939,418

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

62,753,072

AUTOMOBILES

COMPONENTS

0.2%

1,735

(d)

General

Motors

Financial

Inc

5.700%

N/A

(e)

1,663,485

TOTAL

AUTOMOBILES

COMPONENTS

1,663,485

BANKS

2.3%

1,500

Bank

America

Corp

6.125%

N/A

(e)

1,515,072

1,685

Citigroup

Inc

7.625%

N/A

(e)

1,786,540

2,000

CoBank

ACB

6.250%

N/A

(e)

1,991,526

1,560

Huntington

Bancshares

Inc/OH

5.625%

N/A

(e)

1,544,503

2,450

JPMorgan

Chase

3.650%

N/A

(e)

2,353,971

2,000

JPMorgan

Chase

6.875%

N/A

(e)

2,119,730

2,000

PNC

Financial

Services

Group

Inc/The

3.400%

N/A

(e)

1,762,879

2,000

Truist

Financial

Corp

4.800%

N/A

(e)

1,974,765

1,415

Truist

Financial

Corp

5.100%

N/A

(e)

1,373,435

2,900

Wells

Fargo

3.900%

N/A

(e)

2,820,404

1,440

(d)

Wells

Fargo

7.625%

N/A

(e)

1,547,713

TOTAL

BANKS

20,790,538

ENERGY

0.3%

1,400

Energy

Transfer

6.500%

N/A

(e)

1,388,973

945

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.625%

3/01/55

964,845

493

(c)

South

Bow

Canadian

Infrastructure

Holdings

Ltd

7.500%

3/01/55

507,938

TOTAL

ENERGY

2,861,756

FINANCIAL

SERVICES

1.2%

1,354

AerCap

Ireland

Capital

DAC

AerCap

Global

Aviation

Trust

6.950%

3/10/55

1,396,830

2,050

Charles

Schwab

Corp/The

5.375%

N/A

(e)

2,034,030

1,955

Goldman

Sachs

Group

Inc/The

7.500%

N/A

(e)

2,082,101

2,000

Goldman

Sachs

Group

Inc/The

3.800%

N/A

(e)

1,911,549

1,970

State

Street

Corp

6.700%

N/A

(e)

2,016,945

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

FINANCIAL

SERVICES

(continued)

1,000

Voya

Financial

Inc

7.758%

N/A

(e)

1,059,725

TOTAL

FINANCIAL

SERVICES

10,501,180

FOOD,

BEVERAGE

TOBACCO

0.3%

2,730

(c)

Land

Lakes

Inc

8.000%

N/A

(e)

2,436,115

TOTAL

FOOD,

BEVERAGE

TOBACCO

2,436,115

INSURANCE

0.9%

2,835

AXIS

Specialty

Finance

LLC

4.900%

1/15/40

2,659,845

1,485

Enstar

Finance

LLC

5.500%

1/15/42

1,365,971

1,000

(c)

Hanwha

Life

Insurance

Ltd

3.379%

2/04/32

956,329

1,900

Prudential

Financial

Inc

6.500%

3/15/54

1,964,982

1,500

Prudential

Financial

Inc

6.000%

9/01/52

1,538,756

TOTAL

INSURANCE

8,485,883

MATERIALS

0.1%

1,125

(c)

Cemex

SAB

5.125%

N/A

(e)

1,105,382

TOTAL

MATERIALS

1,105,382

MEDIA

ENTERTAINMENT

0.2%

2,185

Paramount

Global

6.375%

3/30/62

1,997,832

TOTAL

MEDIA

ENTERTAINMENT

1,997,832

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

0.2%

2,225

(c)

EUSHI

Finance

Inc

7.625%

12/15/54

2,305,999

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

2,305,999

TELECOMMUNICATION

SERVICES

0.2%

1,000

(c)

Network

i2i

Ltd

3.975%

N/A

(e)

964,932

800

(c)

Network

i2i

Ltd

5.650%

N/A

(e)

796,512

TOTAL

TELECOMMUNICATION

SERVICES

1,761,444

UTILITIES

0.9%

2,000

Dominion

Energy

Inc

7.000%

6/01/54

2,127,468

1,500

Edison

International

5.000%

N/A

(e)

1,451,016

2,035

Sempra

4.875%

N/A

(e)

1,993,552

1,500

Southern

Co/The

4.000%

1/15/51

1,466,738

1,700

(c)

Vistra

Corp

8.875%

N/A

(e)

1,804,684

TOTAL

UTILITIES

8,843,458

TOTAL

$1,000

PAR

(OR

SIMILAR)

INSTITUTIONAL

PREFERRED

(cost

$63,113,745)

62,753,072

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

61,382,969

18,000

United

States

Treasury

Note/Bond

4.625%

5/15/44

18,745,313

18,000

United

States

Treasury

Note/Bond,

(WI/DD)

4.125%

8/15/44

17,564,062

8,000

United

States

Treasury

Note/Bond

4.375%

7/15/27

8,123,125

6,500

United

States

Treasury

Note/Bond

4.250%

6/30/29

6,644,219

5,000

United

States

Treasury

Note/Bond

4.375%

5/15/34

5,181,250

5,000

United

States

Treasury

Note/Bond

4.500%

2/15/44

5,125,000

TOTAL

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

(cost

$60,871,047)

61,382,969

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

–

SOVEREIGN

DEBT

57,277,473

ANGOLA

0.1%

1,050

(c)

Angolan

Government

International

Bond

8.750%

4/14/32

952,623

TOTAL

ANGOLA

952,623

BAHRAIN

0.0%

500

(c)

Bahrain

Government

International

Bond

6.000%

9/19/44

430,450

TOTAL

BAHRAIN

430,450

BENIN

0.1%

1,050

(c)

Benin

Government

International

Bond

7.960%

2/13/38

1,003,506

TOTAL

BENIN

1,003,506

BRAZIL

0.3%

1,575

Brazilian

Government

International

Bond

7.125%

5/13/54

1,615,913

570

Brazilian

Government

International

Bond

6.000%

10/20/33

571,284

TOTAL

BRAZIL

2,187,197

CHILE

0.1%

1,500

Chile

Government

International

Bond

3.100%

5/07/41

1,151,375

TOTAL

CHILE

1,151,375

COLOMBIA

0.2%

1,825

Colombia

Government

International

Bond

5.000%

6/15/45

1,322,572

825

Colombia

Government

International

Bond

5.200%

5/15/49

604,046

TOTAL

COLOMBIA

1,926,618

COSTA

RICA

0.1%

905

(c)

Costa

Rica

Government

International

Bond

5.625%

4/30/43

835,277

TOTAL

COSTA

RICA

835,277

COTE

D'IVOIRE

0.2%

1,175

(c)

Ivory

Coast

Government

International

Bond

6.125%

6/15/33

1,073,335

705

(c)

Ivory

Coast

Government

International

Bond

5.750%

12/31/32

665,862

350

(c)

Ivory

Coast

Government

International

Bond

8.250%

1/30/37

348,562

TOTAL

COTE

D'IVOIRE

2,087,759

DOMINICAN

REPUBLIC

0.2%

1,000

(c)

Dominican

Republic

International

Bond

4.500%

1/30/30

944,399

835

(c)

Dominican

Republic

International

Bond

5.300%

1/21/41

755,060

TOTAL

DOMINICAN

REPUBLIC

1,699,459

ECUADOR

0.0%

380

(c)

Ecuador

Government

International

Bond

5.000%

7/31/30

269,534

TOTAL

ECUADOR

269,534

EGYPT

0.1%

1,650

(c)

Egypt

Government

International

Bond

8.500%

1/31/47

1,274,163

TOTAL

EGYPT

1,274,163

GHANA

0.0%

650

(c)

Ghana

Government

International

Bond

8.125%

3/26/32

341,250

TOTAL

GHANA

341,250

GUATEMALA

0.1%

500

(c)

Guatemala

Government

Bond

6.600%

6/13/36

520,749

TOTAL

GUATEMALA

520,749

HONDURAS

0.1%

1,125

(c)

Honduras

Government

International

Bond

5.625%

6/24/30

992,518

TOTAL

HONDURAS

992,518

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

HUNGARY

0.2%

1,650

Hungary

Government

International

Bond

7.625%

3/29/41

1,948,082

300

(c)

Magyar

Export-Import

Bank

Zrt

6.125%

12/04/27

305,574

TOTAL

HUNGARY

2,253,656

INDONESIA

0.1%

950

(c)

Perusahaan

Penerbit

SBSN

Indonesia

III

3.800%

6/23/50

769,985

TOTAL

INDONESIA

769,985

IRAQ

0.1%

1,319

(c)

Iraq

International

Bond

5.800%

1/15/28

1,249,405

TOTAL

IRAQ

1,249,405

ISRAEL

0.1%

600

Israel

Government

International

Bond

5.750%

3/12/54

576,000

250

Israel

Government

International

Bond

5.375%

3/12/29

252,306

350

State

Israel

3.375%

1/15/50

236,296

TOTAL

ISRAEL

1,064,602

JAMAICA

0.0%

330

Jamaica

Government

International

Bond

6.750%

4/28/28

344,807

TOTAL

JAMAICA

344,807

JORDAN

0.2%

600

(c)

Jordan

Government

International

Bond

5.850%

7/07/30

564,790

600

(c)

Jordan

Government

International

Bond

7.375%

10/10/47

545,280

TOTAL

JORDAN

1,110,070

KAZAKHSTAN

0.1%

975

(c)

Kazakhstan

Government

International

Bond

6.500%

7/21/45

1,146,836

TOTAL

KAZAKHSTAN

1,146,836

KENYA

0.2%

1,445

(c)

Republic

Kenya

Government

International

Bond

6.300%

1/23/34

1,111,770

500

(c)

Republic

Kenya

Government

International

Bond

9.750%

2/16/31

485,000

TOTAL

KENYA

1,596,770

MEXICO

0.8%

3,325

Mexico

Government

International

Bond

4.280%

8/14/41

2,680,516

1,975

Mexico

Government

International

Bond

6.400%

5/07/54

1,951,535

1,966

Mexico

Government

International

Bond

4.750%

3/08/44

1,635,082

1,000

Mexico

Government

International

Bond

4.750%

4/27/32

951,852

TOTAL

MEXICO

7,218,985

MONGOLIA

0.1%

795

(c)

Mongolia

Government

International

Bond

4.450%

7/07/31

690,776

TOTAL

MONGOLIA

690,776

MOROCCO

0.1%

850

(c)

Morocco

Government

International

Bond

5.500%

12/11/42

788,375

TOTAL

MOROCCO

788,375

NIGERIA

0.0%

415

(c)

Nigeria

Government

International

Bond

7.875%

2/16/32

369,138

325

(c)

Nigeria

Government

International

Bond

8.375%

3/24/29

314,860

TOTAL

NIGERIA

683,998

OMAN

0.1%

575

(c),(d)

Oman

Government

International

Bond

6.500%

3/08/47

606,734

TOTAL

OMAN

606,734

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

PANAMA

0.3%

1,360

Panama

Bonos

del

Tesoro

3.362%

6/30/31

1,115,200

1,925

Panama

Government

International

Bond

8.000%

3/01/38

2,120,834

TOTAL

PANAMA

3,236,034

PARAGUAY

0.2%

1,625

(c)

Paraguay

Government

International

Bond

5.600%

3/13/48

1,524,577

200

(c)

Paraguay

Government

International

Bond

6.000%

2/09/36

207,187

TOTAL

PARAGUAY

1,731,764

PERU

0.2%

1,050

Peruvian

Government

International

Bond

3.300%

3/11/41

816,818

780

Peruvian

Government

International

Bond

5.875%

8/08/54

812,900

TOTAL

PERU

1,629,718

PHILIPPINES

0.1%

550

Philippine

Government

International

Bond

6.375%

10/23/34

619,428

495

Philippine

Government

International

Bond

4.200%

3/29/47

432,284

TOTAL

PHILIPPINES

1,051,712

POLAND

0.1%

630

Republic

Poland

Government

International

Bond

5.500%

4/04/53

645,120

TOTAL

POLAND

645,120

QATAR

0.1%

850

(c)

Qatar

Government

International

Bond

4.817%

3/14/49

834,605

TOTAL

QATAR

834,605

REPUBLIC

SERBIA

0.1%

1,125

(c)

Serbia

International

Bond

6.500%

9/26/33

1,176,143

TOTAL

REPUBLIC

SERBIA

1,176,143

ROMANIA

0.3%

1,370

(c)

Romanian

Government

International

Bond

6.125%

1/22/44

1,355,889

450

(c)

Romanian

Government

International

Bond

7.625%

1/17/53

505,125

TOTAL

ROMANIA

1,861,014

RWANDA

0.1%

1,375

(c)

Rwanda

International

Government

Bond

5.500%

8/09/31

1,102,021

TOTAL

RWANDA

1,102,021

SAUDI

ARABIA

0.1%

1,365

(c)

Saudi

Government

International

Bond

3.750%

1/21/55

1,016,769

TOTAL

SAUDI

ARABIA

1,016,769

SENEGAL

0.1%

700

(c)

Senegal

Government

International

Bond

6.750%

3/13/48

519,985

475

(c)

Senegal

Government

International

Bond

6.250%

5/23/33

412,062

TOTAL

SENEGAL

932,047

SOUTH

AFRICA

0.4%

1,900

Republic

South

Africa

Government

International

Bond

5.375%

7/24/44

1,536,663

1,575

Republic

South

Africa

Government

International

Bond

7.300%

4/20/52

1,520,663

TOTAL

SOUTH

AFRICA

3,057,326

TURKEY

0.3%

1,025

Turkiye

Government

International

Bond

7.625%

5/15/34

1,068,255

450

Turkiye

Government

International

Bond

9.125%

7/13/30

504,563

750

(c)

Turkiye

Ihracat

Kredi

Bankasi

5.750%

7/06/26

741,604

TOTAL

TURKEY

2,314,422

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

UKRAINE

0.0%

225

(c)

Ukraine

Government

International

Bond

7.750%

9/01/29

69,750

TOTAL

UKRAINE

69,750

UZBEKISTAN

0.1%

1,075

(c)

Republic

Uzbekistan

International

Bond

5.375%

2/20/29

1,022,631

TOTAL

UZBEKISTAN

1,022,631

VIETNAM

0.0%

400

(c)

Vietnam

Government

International

Bond

4.800%

11/19/24

398,920

TOTAL

VIETNAM

398,920

TOTAL

SOVEREIGN

DEBT

(cost

$60,616,170)

57,277,473

Principal

Amount

(000)

Description

(a)

Coupon

(g)

Reference

Rate

(g)

Spread

(g)

Maturity

(h)

Value

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(g)

41,680,989

CAPITAL

GOODS

0.2%

225

Titan

Acquisition

Limited,

Term

Loan

10.326%

SOFR180A

5.000%

2/01/29

223,984

1,489

Windsor

Holdings

III,

LLC,

Term

Loan

9.311%

TSFR1M

4.000%

8/01/30

1,498,773

TOTAL

CAPITAL

GOODS

1,722,757

COMMERCIAL

PROFESSIONAL

SERVICES

0.2%

2,140

Prime

Security

Services

Borrower,

LLC,

Term

Loan

7.600%

TSFR1M

2.250%

10/15/30

2,146,131

TOTAL

COMMERCIAL

PROFESSIONAL

SERVICES

2,146,131

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

0.7%

2,470

CNT

Holdings

Corp,

Term

Loan

8.752%

TSFR3M

3.500%

11/08/27

2,479,641

2,020

CNT

Holdings

Corp,

Term

Loan

(WI/DD)

TBD

2,028,272

516

Les

Schwab

Tire

Centers,

Term

Loan

8.247%

TSFR1M

3.000%

4/16/31

517,566

427

PetSmart,

Inc.,

Term

Loan

9.097%

TSFR1M

3.750%

2/14/28

425,389

835

Wand

NewCo

Inc.,

Term

loan

8.497%

SOFR30A

3.250%

1/30/31

837,175

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

6,288,043

CONSUMER

DURABLES

APPAREL

0.0%

434

Weber-Stephen

Products

LLC,

Term

Loan

8.611%

TSFR1M

3.250%

10/29/27

408,032

TOTAL

CONSUMER

DURABLES

APPAREL

408,032

CONSUMER

SERVICES

0.2%

1,000

Alterra

Mountain

Company,

Term

Loan

8.747%

TSFR1M

3.500%

5/31/30

1,006,144

450

Fleet

Midco

Limited,

Term

Loan

(WI/DD)

TBD

451,124

347

GVC

Holdings

(Gibraltar)

Limited,

Term

Loan

8.014%

SOFR180A

2.750%

10/31/29

348,487

TOTAL

CONSUMER

SERVICES

1,805,755

FINANCIAL

SERVICES

0.1%

910

Boost

Newco

Borrower,

LLC,

Term

loan

7.748%

SOFR90A

2.500%

1/31/31

913,654

TOTAL

FINANCIAL

SERVICES

913,654

Principal

Amount

(000)

Description

(a)

Coupon

(g)

Reference

Rate

(g)

Spread

(g)

Maturity

(h)

Value

FOOD,

BEVERAGE

TOBACCO

0.0%

City

Brewing

Company,

LLC,

First

Lien

10.563%

TSFR3M

3.500%

4/14/28

953

City

Brewing

Company,

LLC,

Term

Loan

11.551%

TSFR3M

6.250%

4/05/28

68,497

189

City

Brewing

Company,

LLC,

Term

Loan

9.063%

TSFR3M

3.500%

4/14/28

160,375

TOTAL

FOOD,

BEVERAGE

TOBACCO

229,825

HEALTH

CARE

EQUIPMENT

SERVICES

1.0%

1,960

Bausch

Lomb,

Inc.,

Term

Loan

8.661%

TSFR1M

3.250%

5/05/27

1,936,725

4,000

Insulet

Corporation,

Term

loan

7.747%

TSFR1M

2.500%

7/31/31

4,019,380

533

Medline

Borrower,

LP,

Term

Loan

7.997%

SOFR30A

2.750%

10/23/28

534,846

940

Parexel

International

Corporation,

Term

loan

8.247%

SOFR30A

3.000%

11/15/28

944,541

1,000

Phoenix

Guarantor

Inc,

Term

Loan

(WI/DD)

TBD

1,002,635

263

Select

Medical

Corporation,

Term

Loan

8.247%

TSFR1M

3.000%

3/05/27

264,568

848

Surgery

Center

Holdings,

Inc.,

Term

Loan

8.061%

TSFR1M

2.750%

12/19/30

850,648

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

9,553,343

INSURANCE

0.7%

2,665

Broadstreet

Partners,

Inc.,

Term

Loan

(DD1)

8.497%

TSFR1M

3.250%

5/12/31

2,667,439

3,470

Truist

Insurance

Holdings

LLC,

First

Lien,

Term

Loan

8.585%

SOFR90A

3.250%

3/22/31

3,479,039

TOTAL

INSURANCE

6,146,478

MATERIALS

0.4%

1,442

Clydesdale

Acquisition

Holdings

Inc,

Term

Loan

8.422%

SOFR30A

3.175%

4/13/29

1,441,278

223

Ineos

Finance

LLC,

Term

Loan

8.497%

TSFR1M

3.250%

2/09/30

223,285

484

Plaze,

Inc.,

Term

Loan

9.931%

Prime

SOFR30A

3.000%

8/03/26

454,935

1,741

Proampac

Borrower

LLC,

Term

Loan

9.210%

TSFR3M

4.000%

9/15/28

1,749,245

W.R.

Grace

Co.-Conn.,

Term

Loan

8.497%

SOFR30A

3.250%

9/22/28

68,557

TOTAL

MATERIALS

3,937,300

MEDIA

ENTERTAINMENT

0.1%

377

DirecTV

Financing,

LLC,

Term

Loan

10.361%

TSFR1M

5.000%

8/02/27

379,316

215

Wood

Mackenzie

Limited,

Term

Loan

8.604%

TSFR3M

3.500%

2/10/31

216,585

TOTAL

MEDIA

ENTERTAINMENT

595,901

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

0.3%

959

Jazz

Financing

Lux

S.a.r.l.,

Term

Loan

7.497%

SOFR30A

2.250%

5/05/28

961,125

1,513

Organon

Co,

Term

Loan

7.842%

TSFR1M

2.500%

5/14/31

1,523,052

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

2,484,177

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

0.1%

708

Ultra

Clean

Holdings,

Inc,

Term

Loan

8.747%

TSFR1M

3.500%

2/25/28

712,640

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

712,640

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

Principal

Amount

(000)

Description

(a)

Coupon

(g)

Reference

Rate

(g)

Spread

(g)

Maturity

(h)

Value

SOFTWARE

SERVICES

0.3%

2,409

Cotiviti

Corporation,

Term

Loan

8.592%

SOFR30A

3.250%

4/30/31

2,413,479

484

IGT

Holding

AB,

Term

Loan

8.972%

SOFR90A

3.400%

3/29/28

485,869

Ultimate

Software

Group

Inc

(The),

Term

Loan

8.555%

SOFR90A

3.250%

2/10/31

93,964

TOTAL

SOFTWARE

SERVICES

2,993,312

TECHNOLOGY

HARDWARE

EQUIPMENT

0.0%

261

Ingram

Micro

Inc.,

Term

Loan

8.596%

SOFR90A

3.000%

7/03/28

262,241

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

262,241

TRANSPORTATION

0.0%

SkyMiles

Ltd.,

Term

Loan

9.032%

TSFR3M

3.750%

10/20/27

71,370

TOTAL

TRANSPORTATION

71,370

UTILITIES

0.2%

1,189

Talen

Energy

Supply,

LLC,

Term

Loan

8.596%

TSFR3M

3.500%

5/17/30

1,197,257

211

Talen

Energy

Supply,

LLC,

Term

Loan

8.596%

TSFR3M

3.500%

5/17/30

212,773

TOTAL

UTILITIES

1,410,030

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(cost

$41,400,127)

41,680,989

Principal

Amount

(000)

Description

(a)

,(i)

Coupon

Maturity

Value

–

CONTINGENT

CAPITAL

SECURITIES

22,667,210

BANKS

2.1%

1,600

Banco

Bilbao

Vizcaya

Argentaria

9.375%

N/A

(e)

1,747,662

200

(c)

Banco

Credito

Inversiones

8.750%

N/A

(e)

214,637

500

(c)

Banco

del

Estado

Chile

7.950%

N/A

(e)

528,832

1,050

(c)

Banco

Mercantil

del

Norte

SA/Grand

Cayman

7.500%

N/A

(e)

1,057,506

2,200

Banco

Santander

9.625%

N/A

(e)

2,550,781

1,375

Bancolombia

4.625%

12/18/29

1,360,197

700

(c)

Bangkok

Bank

PCL/Hong

Kong

5.000%

N/A

(e)

692,699

1,000

(c)

Bank

Hapoalim

BM,

Reg

3.255%

1/21/32

923,252

1,340

Barclays

PLC

8.000%

N/A

(e)

1,397,829

1,000

(c)

BBVA

Bancomer

SA/Texas

8.450%

6/29/38

1,074,650

1,500

(c)

BNP

Paribas

9.250%

N/A

(e)

1,625,712

2,000

(c)

Macquarie

Bank

Ltd/London

6.125%

N/A

(e)

1,994,451

1,700

(c)

Mizrahi

Tefahot

Bank

Ltd,

Reg

3.077%

4/07/31

1,591,370

2,000

NatWest

Group

PLC

8.000%

N/A

(e)

2,026,074

TOTAL

BANKS

18,785,652

FINANCIAL

SERVICES

0.4%

1,505

Deutsche

Bank

6.000%

N/A

(e)

1,444,639

1,060

(c)

UBS

Group

9.250%

N/A

(e)

1,224,085

1,100

(c)

UBS

Group

9.250%

N/A

(e)

1,212,834

TOTAL

FINANCIAL

SERVICES

3,881,558

TOTAL

CONTINGENT

CAPITAL

SECURITIES

(cost

$21,936,389)

22,667,210

Investments

Derivatives

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(j)

Value

–

MUNICIPAL

BONDS

10,151,495

ILLINOIS

0.4%

4,000

Illinois

Housing

Development

Authority,

5.784%,

10/01/44

4/34

100.00

4,032,627

TOTAL

ILLINOIS

4,032,627

NEW

YORK

0.7%

5,955

New

York

City

Transitional

Finance

Authority,

5.110%,

5/01/36

5/34

100.00

6,118,868

TOTAL

NEW

YORK

6,118,868

TOTAL

MUNICIPAL

BONDS

(cost

$10,039,686)

10,151,495

Description

(a)

Coupon

Value

–

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

742,310

FINANCIAL

SERVICES

0.1%

28,850

Morgan

Stanley

6.500%

742,310

TOTAL

FINANCIAL

SERVICES

742,310

TOTAL

$25

PAR

(OR

SIMILAR)

RETAIL

PREFERRED

(cost

$721,250)

742,310

TOTAL

LONG-TERM

INVESTMENTS

(cost

$898,889,357)

880,184,798

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

0.6%

5,568,453

(k)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.290%(l)

5,568,453

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$5,568,453)

5,568,453

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

5.9%

–

REPURCHASE

AGREEMENTS

53,825,000

53,825

(m)

Fixed

Income

Clearing

Corporation

5.290%

9/03/24

53,825,000

TOTAL

REPURCHASE

AGREEMENTS

(cost

$53,825,000)

53,825,000

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$53,825,000)

53,825,000

TOTAL

INVESTMENTS

(cost

958,282,810

)

102

939,578,251

OTHER

ASSETS

LIABILITIES,

NET

- (2.5)%

(

22,931,966

)

NET

ASSETS

100%

916,646,285

Futures

Contracts

Long

Description

Number

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

10-Year

Note

100

12/24

11,407,204

11,356,250

(

50,954

)

U.S.

Treasury

2-Year

Note

325

12/24

67,486,900

67,452,735

(

34,165

)

U.S.

Treasury

5-Year

Note

375

12/24

41,140,427

41,024,414

(

116,013

)

U.S.

Treasury

Long

Bond

175

12/24

21,700,362

21,546,875

(

153,487

)

U.S.

Treasury

Ultra

Bond

200

12/24

26,630,607

26,387,500

(

243,107

)

Total

$168,365,500

$167,767,774

$(597,726)

Nuveen

Strategic

Income

Fund

(continued)

Portfolio

Investments

August

31,

2024

For

Fund

portfolio

compliance

purposes,

the

Fund’s

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Variable

rate

security.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(c)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$496,611,353

52.9%

Total

Investments.

(d)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$5,324,640.

(e)

Perpetual

security.

Maturity

date

not

applicable.

(f)

For

fair

value

measurement

disclosure

purposes,

investment

classified

Level

(g)

Senior

loans

generally

pay

interest

rates

which

are

periodically

adjusted

reference

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

the

Secured

Overnight

Financing

Rate

(“SOFR”),

(ii)

the

prime

rate

offered

one

major

United

States

banks.

Senior

loans

may

considered

restricted

that

the

Fund

ordinarily

contractually

obligated

receive

approval

from

the

agent

bank

and/or

borrower

prior

the

disposition

senior

loan.

The

rate

shown

the

coupon

the

end

the

reporting

period.

(h)

Senior

loans

generally

are

subject

mandatory

and/or

optional

prepayment.

Because

these

mandatory

prepayment

conditions

and

because

there

may

significant

economic

incentives

for

borrower

prepay,

prepayments

senior

loans

may

occur.

result,

the

actual

remaining

maturity

senior

loans

held

may

substantially

less

than

the

stated

maturities

shown.

(i)

Contingent

Capital

Securities

(“CoCos”)

are

hybrid

securities

with

loss

absorption

characteristics

built

into

the

terms

the

security

for

the

benefit

the

issuer.

For

example,

the

terms

may

specify

automatic

write-down

principal

mandatory

conversion

into

the

issuer’s

common

stock

under

certain

adverse

circumstances,

such

the

issuer’s

capital

ratio

falling

below

specified

level.

(j)

Optional

Call

Provisions:

Dates

(month

and

year)

and

prices

the

earliest

optional

call

redemption.

There

may

other

call

provisions

varying

prices

later

dates.

Certain

mortgage-backed

securities

may

subject

periodic

principal

paydowns.

Optional

Call

Provisions

are

not

covered

the

report

independent

registered

public

accounting

firm.

(k)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(l)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

(m)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

8/30/24

repurchased

$53,856,637

9/3/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.125%

and

maturity

date

7/31/31,

valued

$54,901,614.

DD1

Portion

investment

purchased

delayed

delivery

basis.

I/O

Interest

only

security

LIBOR

London

Inter-Bank

Offered

Rate

Reg

Regulation

allows

U.S.

companies

sell

securities

persons

entities

located

outside

the

United

States

without

registering

those

securities

with

the

Securities

and

Exchange

Commission.

Specifically,

Regulation

provides

safe

harbor

from

the

registration

requirements

the

Securities

Act

for

the

offers

and

sales

securities

both

foreign

and

domestic

issuers

that

are

made

outside

the

United

States.

SOFR

Secured

Overnight

Financing

Rate

SOFR

180A

180

Day

Average

Secured

Overnight

Financing

Rate

SOFR

30A

Day

Average

Secured

Overnight

Financing

Rate

SOFR

90A

Day

Average

Secured

Overnight

Financing

Rate

TBD

Senior

loan

purchased

when-issued

delayed-delivery

basis.

Certain

details

associated

with

this

purchase

are

not

known

prior

the

settlement

date

the

transaction.

addition,

senior

loans

typically

trade

without

accrued

interest

and

therefore

coupon

rate

not

available

prior

settlement.

settlement,

still

unknown,

the

borrower

counterparty

will

provide

the

Fund

with

the

final

coupon

rate

and

maturity

date.

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

TSFR

CME

Term

SOFR

Month

WI/DD

When-issued

delayed

delivery

security.

See

Notes

Financial

Statements

Statement

Assets

and

Liabilities

See

Notes

Financial

Statements

August

31,

2024

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

Preferred

Securities

and

Income

Strategic

Income

ASSETS

Long-term

investments,

value

†‡

85,427,435‌

1,016,444,884‌

1,522,313,086‌

638,233,548‌

4,678,533,696‌

880,184,798‌

Investments

purchased

with

collateral

from

securities

lending,

value

(cost

approximates

value)

4,182,258‌

28,063,049‌

4,084,766‌

33,825,666‌

97,272,728‌

5,568,453‌

Short-term

investments,

value

◊

1,650,000‌

7,213,725‌

17,389,009‌

20,529,617‌

33,575,000‌

53,825,000‌

Cash

73,965‌

56,008‌

2,457,733‌

1,607,023‌

2,862,612‌

–‌

Cash

denominated

foreign

currencies

–‌

1,039‌

–‌

Cash

collateral

broker

for

investments

futures

contracts

(1)

81,902‌

–‌

10,833,548‌

2,808,734‌

Receivables:

Dividends

–‌

507,098‌

5,660‌

–‌

3,051,265‌

–‌

Interest

1,267,024‌

14,438,775‌

13,016,340‌

11,400,528‌

68,485,738‌

7,894,489‌

Investments

sold

–‌

26,937,287‌

1,797,716‌

63,194,675‌

–‌

Reclaims

–‌

86,910‌

–‌

41,547‌

–‌

Reimbursement

from

Adviser

17,439‌

67,240‌

–‌

18,780‌

–‌

61,048‌

sold

13,407‌

287,657‌

1,759,754‌

364,543‌

4,725,517‌

1,981,139‌

Other

56,230‌

119,035‌

150,987‌

227,903‌

320,768‌

150,655‌

Total

assets

92,769,660‌

1,067,284,381‌

1,588,114,622‌

708,005,324‌

4,962,898,133‌

952,474,316‌

LIABILITIES

Cash

overdraft

–‌

4,836,691‌

Cash

overdraft

denominated

foreign

currencies

–‌

1,278‌

–‌

Payables:

Management

fees

40,032‌

594,842‌

756,223‌

322,400‌

2,594,785‌

372,516‌

Collateral

from

securities

lending

4,182,258‌

28,063,049‌

4,084,766‌

33,825,666‌

97,272,728‌

5,568,453‌

Dividends

26,177‌

202,708‌

1,116,798‌

107,940‌

3,291,436‌

644,375‌

Interest

906‌

682‌

42,907‌

965‌

–‌

379‌

Investments

purchased

regular

settlement

–‌

1,448,890‌

1,596,096‌

2,742,708‌

—‌

Investments

purchased

when-issued/delayed-

delivery

settlement

500,001‌

–‌

44,563,062‌

9,286,020‌

–‌

22,273,543‌

redeemed

256,227‌

2,523,417‌

11,415,730‌

600,774‌

10,385,857‌

1,242,178‌

Unfunded

senior

loans

–‌

1,444,909‌

–‌

Variation

margin

futures

contracts

12,391‌

–‌

1,840,469‌

484,375‌

Accrued

expenses:

Custodian

fees

29,826‌

70,908‌

227,890‌

56,830‌

229,174‌

102,358‌

Directors/Trustees

fees

17,756‌

43,440‌

69,459‌

32,522‌

182,771‌

40,787‌

Professional

fees

6,241‌

24,761‌

42,064‌

12,179‌

83,019‌

28,354‌

Shareholder

reporting

expenses

5,629‌

41,258‌

54,649‌

44,846‌

168,242‌

24,991‌

Shareholder

servicing

agent

fees

22,036‌

214,451‌

284,609‌

316,433‌

880,268‌

167,173‌

12b-1

distribution

and

service

fees

15,462‌

140,181‌

89,491‌

22,065‌

202,922‌

41,858‌

Other

—‌

635‌

421‌

288‌

694‌

—‌

Total

liabilities

5,114,942‌

31,920,332‌

65,641,868‌

46,226,302‌

119,875,073‌

35,828,031‌

Net

assets

87,654,718‌

1,035,364,049‌

1,522,472,754‌

661,779,022‌

4,843,023,060‌

916,646,285‌

NET

ASSETS

CONSIST

OF:

Paid-in

capital

226,929,444‌

1,295,848,638‌

1,831,463,395‌

868,819,706‌

5,453,356,974‌

1,025,095,265‌

Total

distributable

earnings

(loss)

(

139,274,726‌

)

(

260,484,589‌

)

(

308,990,641‌

)

(

207,040,684‌

)

(

610,333,914‌

)

(

108,448,980‌

)

Net

assets

87,654,718‌

1,035,364,049‌

1,522,472,754‌

661,779,022‌

4,843,023,060‌

916,646,285‌

†

Long-term

investments,

cost

85,501,137‌

1,011,514,339‌

1,539,218,698‌

625,783,722‌

4,829,873,460‌

898,889,357‌

◊

Short-term

investments,

cost

1,650,000‌

7,213,725‌

17,389,009‌

20,529,617‌

33,575,000‌

53,825,000‌

‡

Includes

securities

loaned

4,035,881‌

26,934,160‌

3,915,501‌

32,551,174‌

94,159,730‌

5,324,640‌

Cash

denominated

foreign

currencies,

cost

—‌

1,022‌

—‌

Cash

overdraft

denominated

foreign

currencies,

cost

—‌

1,248‌

—‌

Statement

Assets

and

Liabilities

(continued)

See

Notes

Financial

Statements

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

Preferred

Securities

and

Income

Strategic

Income

CLASS

Net

assets

48,049,913‌

180,919,769‌

211,263,276‌

58,657,252‌

441,911,451‌

143,952,602‌

outstanding

7,152,243‌

9,557,802‌

11,621,810‌

3,274,503‌

28,326,220‌

14,412,689‌

Net

asset

value

("NAV")

per

6.72‌

18.93‌

18.18‌

17.91‌

15.60‌

9.99‌

Maximum

sales

charge

4.75%

3.00%

4.75%

4.25%

Offering

price

per

(NAV

per

plus

maximum

sales

charge)

7.06‌

19.87‌

18.74‌

18.80‌

16.38‌

10.43‌

CLASS

Net

assets

6,345,981‌

119,397,620‌

51,906,719‌

11,834,595‌

130,468,305‌

14,532,649‌

outstanding

946,249‌

6,319,519‌

2,855,668‌

661,146‌

8,356,874‌

1,462,206‌

NAV

and

offering

price

per

6.71‌

18.89‌

18.18‌

17.90‌

15.61‌

9.94‌

CLASS

R6:

Net

assets

—‌

14,599,235‌

274,486,932‌

17,151,229‌

634,394,576‌

275,724,784‌

outstanding

—‌

765,863‌

15,019,999‌

951,805‌

40,533,957‌

27,509,755‌

NAV

and

offering

price

per

—‌

19.06‌

18.27‌

18.02‌

15.65‌

10.02‌

CLASS

Net

assets

33,258,824‌

720,447,425‌

984,815,827‌

574,135,946‌

3,636,248,728‌

482,436,250‌

outstanding

4,940,609‌

38,016,090‌

54,114,631‌

32,007,256‌

232,852,828‌

48,305,181‌

NAV

and

offering

price

per

6.73‌

18.95‌

18.20‌

17.94‌

15.62‌

9.99‌

Authorized

per

class

billion

Unlimited

billion

Par

value

per

0.0001

0.01

0.0001

(1)

Cash

pledged

collateralize

the

net

payment

obligations

for

investments

derivatives.

Statement

Operations

See

Notes

Financial

Statements

Year

Ended

August

31,

2024

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

INVESTMENT

INCOME

Affiliated

income

—‌

18,321‌

—‌

Dividends

23,463‌

9,140,028‌

2,816,903‌

1,222,237‌

Interest

8,094,508‌

52,416,775‌

141,830,711‌

46,521,062‌

Securities

lending

income,

net

33,464‌

304,823‌

35,250‌

303,789‌

Tax

withheld

(542‌)

(36,776‌)

—‌

Total

investment

income

8,150,893‌

61,843,171‌

144,682,864‌

48,047,088‌

EXPENSES

–

Management

fees

480,574‌

7,453,541‌

8,936,608‌

3,423,049‌

12b-1

service

fees

Class

119,809‌

462,005‌

525,187‌

134,092‌

12b-1

distribution

and

service

fees

Class

59,161‌

1,340,215‌

501,861‌

122,110‌

Shareholder

servicing

agent

fees

Class

50,650‌

124,835‌

157,967‌

78,006‌

Shareholder

servicing

agent

fees

Class

6,236‌

90,574‌

37,736‌

17,771‌

Shareholder

servicing

agent

fees

Class

—‌

487‌

8,302‌

670‌

Shareholder

servicing

agent

fees

Class

29,685‌

514,140‌

766,900‌

717,251‌

Interest

expense

51,778‌

12,025‌

496,142‌

100,287‌

Directors/Trustees

fees

3,085‌

40,335‌

57,486‌

21,830‌

Custodian

expenses

36,504‌

86,758‌

412,667‌

75,138‌

Registration

fees

59,334‌

92,945‌

113,017‌

82,476‌

Professional

fees

61,513‌

105,901‌

138,197‌

88,915‌

Shareholder

reporting

expenses

26,416‌

102,640‌

130,413‌

140,408‌

Other

11,723‌

27,980‌

36,862‌

16,726‌

Total

expenses

before

fee

waiver/expense

reimbursement

996,468‌

10,454,381‌

12,319,345‌

5,018,729‌

Fee

waiver/expense

reimbursement

(167,136‌)

(887,935‌)

—‌

(377,780‌)

Net

expenses

829,332‌

9,566,446‌

12,319,345‌

4,640,949‌

Net

investment

income

(loss)

7,321,561‌

52,276,725‌

132,363,519‌

43,406,139‌

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

(485,241‌)

(49,059,553‌)

215,043‌

5,896,927‌

Futures

contracts

74,419‌

—‌

Swap

contracts

(3,010‌)

—‌

(189,617‌)

Net

realized

gain

(loss)

(413,832‌)

(49,059,553‌)

215,043‌

5,707,310‌

Change

unrealized

appreciation

(depreciation)

on:

Investments

4,362,893‌

101,070,773‌

24,901,300‌

22,326,322‌

Futures

contracts

(51,979‌)

—‌

Foreign

currency

translations

—‌

(30‌)

Net

change

unrealized

appreciation

(depreciation)

4,310,914‌

101,070,773‌

24,901,300‌

22,326,292‌

Net

realized

and

unrealized

gain

(loss)

3,897,082‌

52,011,220‌

25,116,343‌

28,033,602‌

Net

increase

(decrease)

net

assets

from

operations

11,218,643‌

104,287,945‌

157,479,862‌

71,439,741‌

Statement

Operations

(continued)

See

Notes

Financial

Statements

Year

Ended

August

31,

2024

Preferred

Securities

and

Income

Strategic

Income

INVESTMENT

INCOME

Dividends

51,730,443‌

71,976‌

Interest

240,542,224‌

52,071,136‌

Securities

lending

income,

net

1,099,436‌

122,857‌

Tax

withheld

(4,089‌)

(818‌)

Total

investment

income

293,368,014‌

52,265,151‌

EXPENSES

–

Management

fees

28,649,363‌

3,993,167‌

12b-1

service

fees

Class

1,113,222‌

337,433‌

12b-1

distribution

and

service

fees

Class

1,341,476‌

131,656‌

Shareholder

servicing

agent

fees

Class

338,559‌

135,410‌

Shareholder

servicing

agent

fees

Class

102,009‌

13,200‌

Shareholder

servicing

agent

fees

Class

19,318‌

23,225‌

Shareholder

servicing

agent

fees

Class

2,467,912‌

371,808‌

Interest

expense

425,781‌

33,058‌

Directors/Trustees

fees

163,836‌

28,782‌

Custodian

expenses

331,093‌

144,007‌

Registration

fees

264,469‌

82,263‌

Professional

fees

484,250‌

126,547‌

Shareholder

reporting

expenses

449,409‌

81,675‌

Other

87,634‌

25,931‌

Total

expenses

before

fee

waiver/expense

reimbursement

36,238,331‌

5,528,162‌

Fee

waiver/expense

reimbursement

—‌

(858,574‌)

Net

expenses

36,238,331‌

4,669,588‌

Net

investment

income

(loss)

257,129,683‌

47,595,563‌

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

(34,095,365‌)

(7,570,664‌)

Futures

contracts

15,136,940‌

3,110,856‌

Swap

contracts

(3,239‌)

(131,004‌)

Foreign

currency

transactions

—‌

6,071‌

Net

realized

gain

(loss)

(18,961,664‌)

(4,584,741‌)

Change

unrealized

appreciation

(depreciation)

on:

Investments

360,131,447‌

43,296,466‌

Futures

contracts

(8,383,206‌)

(2,180,445‌)

Swap

contracts

—‌

8,801‌

Foreign

currency

translations

17‌

93‌

Net

change

unrealized

appreciation

(depreciation)

351,748,258‌

41,124,915‌

Net

realized

and

unrealized

gain

(loss)

332,786,594‌

36,540,174‌

Net

increase

(decrease)

net

assets

from

operations

589,916,277‌

84,135,737‌

Statement

Changes

Net

Assets

See

Notes

Financial

Statements

Credit

Income

Flexible

Income

Year

Ended

8/31/24

Year

Ended

8/31/23

Year

Ended

8/31/24

Year

Ended

8/31/23

OPERATIONS

Net

investment

income

(loss)

7,321,561‌

6,243,302‌

52,276,725‌

59,015,371‌

Net

realized

gain

(loss)

(413,832‌)

(5,753,268‌)

(49,059,553‌)

(64,233,466‌)

Net

change

unrealized

appreciation

(depreciation)

4,310,914‌

4,630,749‌

101,070,773‌

28,000,860‌

Net

increase

(decrease)

net

assets

from

operations

11,218,643‌

5,120,783‌

104,287,945‌

22,782,765‌

DISTRIBUTIONS

SHAREHOLDERS

Dividends:

Class

(3,822,374‌)

(3,281,093‌)

(6,367,223‌)

(13,676,120‌)

Class

(428,850‌)

(442,846‌)

(3,616,429‌)

(10,248,794‌)

Class

—‌

(562,593‌)

(1,006,474‌)

Class

(2,324,305‌)

(1,830,098‌)

(28,194,294‌)

(61,557,787‌)

Return

Capital:

Class

—‌

(3,165,640‌)

—‌

Class

—‌

(2,300,779‌)

—‌

Class

—‌

(253,401‌)

—‌

Class

—‌

(13,021,895‌)

—‌

Total

distributions

(6,575,529‌)

(5,554,037‌)

(57,482,254‌)

(86,489,175‌)

FUND

TRANSACTIONS

Subscriptions

37,553,006‌

32,400,921‌

177,062,947‌

194,010,656‌

Reinvestments

distributions

6,281,220‌

5,191,087‌

54,888,232‌

83,952,216‌

Redemptions

(41,171,264‌)

(78,350,315‌)

(432,934,498‌)

(519,415,289‌)

Net

increase

(decrease)

from

Fund

transactions

2,662,962‌

(40,758,307‌)

(200,983,319‌)

(241,452,417‌)

Net

increase

(decrease)

net

assets

7,306,076‌

(41,191,561‌)

(154,177,628‌)

(305,158,827‌)

Net

assets

the

beginning

period

80,348,642‌

121,540,203‌

1,189,541,677‌

1,494,700,504‌

Net

assets

the

end

period

87,654,718‌

80,348,642‌

1,035,364,049‌

1,189,541,677‌

See

Notes

Financial

Statements

Statement

Changes

Net

Assets

(continued)

Floating

Rate

Income

High

Yield

Income

Year

Ended

8/31/24

Year

Ended

8/31/23

Year

Ended

8/31/24

Year

Ended

8/31/23

OPERATIONS

Net

investment

income

(loss)

132,363,519‌

150,265,779‌

43,406,139‌

32,752,275‌

Net

realized

gain

(loss)

215,043‌

(67,702,336‌)

5,707,310‌

(44,109,337‌)

Net

change

unrealized

appreciation

(depreciation)

24,901,300‌

47,492,721‌

22,326,292‌

41,951,494‌

Net

increase

(decrease)

net

assets

from

operations

157,479,862‌

130,056,164‌

71,439,741‌

30,594,432‌

DISTRIBUTIONS

SHAREHOLDERS

Dividends:

Class

(18,833,686‌)

(17,194,016‌)

(3,908,135‌)

(3,127,077‌)

Class

(4,126,036‌)

(3,567,470‌)

(796,402‌)

(835,491‌)

Class

(25,603,934‌)

(21,622,055‌)

(1,547,013‌)

(1,008,624‌)

Class

(93,983,573‌)

(108,611,273‌)

(37,160,207‌)

(26,708,618‌)

Total

distributions

(142,547,229‌)

(150,994,814‌)

(43,411,757‌)

(31,679,810‌)

FUND

TRANSACTIONS

Subscriptions

579,282,071‌

1,023,241,998‌

193,087,475‌

120,938,042‌

Reinvestments

distributions

127,062,716‌

134,159,524‌

42,067,758‌

30,705,011‌

Redemptions

(739,248,278‌)

(1,920,315,922‌)

(109,692,325‌)

(177,686,532‌)

Net

increase

(decrease)

from

Fund

transactions

(32,903,491‌)

(762,914,400‌)

125,462,908‌

(26,043,479‌)

Net

increase

(decrease)

net

assets

(17,970,858‌)

(783,853,050‌)

153,490,892‌

(27,128,857‌)

Net

assets

the

beginning

period

1,540,443,612‌

2,324,296,662‌

508,288,130‌

535,416,987‌

Net

assets

the

end

period

1,522,472,754‌

1,540,443,612‌

661,779,022‌

508,288,130‌

See

Notes

Financial

Statements

Preferred

Securities

and

Income

Strategic

Income

Year

Ended

8/31/24

Year

Ended

8/31/23

Year

Ended

8/31/24

Year

Ended

8/31/23

OPERATIONS

Net

investment

income

(loss)

257,129,683‌

267,188,360‌

47,595,563‌

35,324,195‌

Net

realized

gain

(loss)

(18,961,664‌)

(155,700,690‌)

(4,584,741‌)

(32,996,613‌)

Net

change

unrealized

appreciation

(depreciation)

351,748,258‌

(192,027,450‌)

41,124,915‌

15,902,887‌

Net

increase

(decrease)

net

assets

from

operations

589,916,277‌

(80,539,780‌)

84,135,737‌

18,230,469‌

DISTRIBUTIONS

SHAREHOLDERS

Dividends:

Class

(25,893,378‌)

(27,424,381‌)

(8,094,811‌)

(5,424,417‌)

Class

(6,797,617‌)

(8,092,218‌)

(688,437‌)

(612,879‌)

Class

(34,998,738‌)

(50,835,368‌)

(16,092,382‌)

(12,859,679‌)

Class

(196,297,552‌)

(194,705,167‌)

(23,165,366‌)

(16,165,662‌)

Total

distributions

(263,987,285‌)

(281,057,134‌)

(48,040,996‌)

(35,062,637‌)

FUND

TRANSACTIONS

Subscriptions

1,729,989,088‌

2,764,259,434‌

339,570,250‌

220,324,700‌

Reinvestments

distributions

231,131,799‌

249,265,746‌

42,325,280‌

29,895,920‌

Redemptions

(1,831,897,089‌)

(3,390,380,990‌)

(202,865,773‌)

(225,458,838‌)

Net

increase

(decrease)

from

Fund

transactions

129,223,798‌

(376,855,810‌)

179,029,757‌

24,761,782‌

Net

increase

(decrease)

net

assets

455,152,790‌

(738,452,724‌)

215,124,498‌

7,929,614‌

Net

assets

the

beginning

period

4,387,870,270‌

5,126,322,994‌

701,521,787‌

693,592,173‌

Net

assets

the

end

period

4,843,023,060‌

4,387,870,270‌

916,646,285‌

701,521,787‌

Financial

Highlights

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Return

Capital

Total

Net

Asset

Value,

End

Period

Credit

Income

Class

8/31/24

6.36

0.58

0.30

0.88

(

0.52

)

—

(

0.52

)

6.72

8/31/23

6.36

0.47

(

0.05

)

0.42

(

0.42

)

—

(

0.42

)

6.36

8/31/22(d)

6.22

0.06

0.14

0.20

(

0.05

)

—

(

0.01

)

(

0.06

)

6.36

6/30/22

7.42

0.32

(

1.20

)

(

0.88

)

(

0.32

)

—

(

0.32

)

6.22

6/30/21

6.69

0.34

0.71

1.05

(

0.32

)

—

(

0.32

)

7.42

6/30/20

7.44

0.38

(

0.75

)

(

0.37

)

(

0.35

)

—

(

0.03

)

(

0.38

)

6.69

Class

8/31/24

6.35

0.53

0.30

0.83

(

0.47

)

—

(

0.47

)

6.71

8/31/23

6.35

0.42

(

0.05

)

0.37

(

0.37

)

—

(

0.37

)

6.35

8/31/22(d)

6.21

0.05

0.14

0.19

(

0.04

)

—

(

0.01

)

(

0.05

)

6.35

6/30/22

7.41

0.26

(

1.19

)

(

0.93

)

(

0.27

)

—

(

0.27

)

6.21

6/30/21

6.69

0.29

0.70

0.99

(

0.27

)

—

(

0.27

)

7.41

6/30/20

7.43

0.33

(

0.74

)

(

0.41

)

(

0.30

)

—

(

0.03

)

(

0.33

)

6.69

Class

8/31/24

6.37

0.60

0.30

0.90

(

0.54

)

—

(

0.54

)

6.73

8/31/23

6.37

0.48

(

0.04

)

0.44

(

0.44

)

—

(

0.44

)

6.37

8/31/22(d)

6.23

0.06

0.14

0.20

(

0.05

)

—

(

0.01

)

(

0.06

)

6.37

6/30/22

7.45

0.34

(

1.22

)

(

0.88

)

(

0.34

)

—

(

0.34

)

6.23

6/30/21

6.71

0.36

0.72

1.08

(

0.34

)

—

(

0.34

)

7.45

6/30/20

7.47

0.40

(

0.76

)

(

0.36

)

(

0.37

)

—

(

0.03

)

(

0.40

)

6.71

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

Financial

Statements

for

information.

(d)

For

the

two

months

ended

August

31,

2022.

Prior

July

2022,

the

Fund's

fiscal

year

end

was

June

30th.

(e)

Annualized.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c)

Portfolio

Turnover

Rate

.38‌

48,050

.25‌

.04‌

.87‌

133‌

.87‌

47,566

.23‌

.01‌

.49‌

86‌

.16‌

51,908

.50‌

(e)

.03‌

(e)

.53‌

(e)

6‌

(

.23‌

)

51,332

.15‌

.00‌

.51‌

120‌

.01‌

77,953

.12‌

.00‌

.75‌

196‌

(

.15‌

)

82,545

.12‌

.00‌

.31‌

80‌

.57‌

6,346

.99‌

.79‌

.12‌

133‌

.09‌

6,265

.98‌

.76‌

.72‌

86‌

.02‌

8,926

.25‌

(e)

.78‌

(e)

.77‌

(e)

6‌

(

.92‌

)

8,887

.90‌

.75‌

.70‌

120‌

.03‌

15,101

.87‌

.75‌

.02‌

196‌

(

.75‌

)

22,612

.87‌

.75‌

.58‌

80‌

.67‌

33,259

.99‌

.79‌

.17‌

133‌

.16‌

26,519

.98‌

.76‌

.61‌

86‌

.20‌

60,706

.25‌

(e)

.78‌

(e)

.55‌

(e)

6‌

(

.23‌

)

25,439

.90‌

.75‌

.63‌

120‌

.40‌

94,051

.87‌

.75‌

.99‌

196‌

(

.03‌

)

80,728

.86‌

.75‌

.47‌

80‌

Financial

Highlights

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Return

Capital

Total

Net

Asset

Value,

End

Period

Flexible

Income

Class

8/31/24

18.11

0.86

0.91

1.77

(

0.64

)

—

(

0.31

)

(

0.95

)

18.93

8/31/23

18.93

0.81

(

0.43

)

0.38

(

1.20

)

—

(

1.20

)

18.11

8/31/22(e)

22.27

0.72

(

3.16

)

(

2.44

)

(

0.90

)

—

(

0.90

)

18.93

9/30/21

21.36

0.81

1.04

1.85

(

0.94

)

—

(

0.94

)

22.27

9/30/20

22.06

0.88

(

0.39

)

0.49

(

1.19

)

—

(

1.19

)

21.36

9/30/19

21.44

1.02

0.76

1.78

(

1.16

)

—

(

1.16

)

22.06

Class

8/31/24

18.08

0.72

0.90

1.62

(

0.50

)

—

(

0.31

)

(

0.81

)

18.89

8/31/23

18.90

0.67

(

0.43

)

0.24

(

1.06

)

—

(

1.06

)

18.08

8/31/22(e)

22.22

0.58

(

3.15

)

(

2.57

)

(

0.75

)

—

(

0.75

)

18.90

9/30/21

21.31

0.64

1.04

1.68

(

0.77

)

—

(

0.77

)

22.22

9/30/20

22.01

0.72

(

0.39

)

0.33

(

1.03

)

—

(

1.03

)

21.31

9/30/19

21.40

0.86

0.75

1.61

(

1.00

)

—

(

1.00

)

22.01

Class

8/31/24

18.24

0.92

0.91

1.83

(

0.70

)

—

(

0.31

)

(

1.01

)

19.06

8/31/23

19.06

0.87

(

0.43

)

0.44

(

1.26

)

—

(

1.26

)

18.24

8/31/22(e)

22.42

0.79

(

3.19

)

(

2.40

)

(

0.96

)

—

(

0.96

)

19.06

9/30/21

21.50

0.89

1.04

1.93

(

1.01

)

—

(

1.01

)

22.42

9/30/20

22.20

0.96

(

0.40

)

0.56

(

1.26

)

—

(

1.26

)

21.50

9/30/19

21.57

1.11

0.74

1.85

(

1.22

)

—

(

1.22

)

22.20

Class

8/31/24

18.13

0.91

0.90

1.81

(

0.68

)

—

(

0.31

)

(

0.99

)

18.95

8/31/23

18.95

0.86

(

0.44

)

0.42

(

1.24

)

—

(

1.24

)

18.13

8/31/22(e)

22.29

0.77

(

3.16

)

(

2.39

)

(

0.95

)

—

(

0.95

)

18.95

9/30/21

21.38

0.87

1.03

1.90

(

0.99

)

—

(

0.99

)

22.29

9/30/20

22.08

0.93

(

0.39

)

0.54

(

1.24

)

—

(

1.24

)

21.38

9/30/19

21.47

1.08

0.74

1.82

(

1.21

)

—

(

1.21

)

22.08

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

Financial

Statements

for

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

further

described

the

Notes

Financial

Statements.

(e)

For

the

eleven

months

ended

August

31,

2022.

Prior

July

2022,

the

Fund's

fiscal

year

end

was

September

30th.

(f)

Annualized.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

.04‌

180,920

.04‌

.96‌

.69‌

40‌

.13‌

190,438

.03‌

.96‌

.45‌

26‌

(

.18‌

)

230,505

.02‌

(f)

.95‌

(f)

.78‌

(f)

31‌

.71‌

298,734

.04‌

.95‌

.66‌

30‌

.35‌

264,865

.04‌

.96‌

.13‌

38‌

.69‌

221,484

.06‌

.96‌

.85‌

24‌

.17‌

119,398

.79‌

.71‌

.94‌

40‌

.37‌

150,633

.78‌

.71‌

.70‌

26‌

(

.81‌

)

208,775

.77‌

(f)

.70‌

(f)

.03‌

(f)

31‌

.97‌

276,035

.79‌

.70‌

.91‌

30‌

.59‌

262,068

.79‌

.71‌

.38‌

38‌

.85‌

223,364

.81‌

.71‌

.10‌

24‌

.36‌

14,599

.73‌

.65‌

.00‌

40‌

.48‌

15,278

.72‌

.65‌

.75‌

26‌

(

.96‌

)

15,113

.71‌

(f)

.64‌

(f)

.12‌

(f)

31‌

.09‌

14,881

.72‌

.64‌

.97‌

30‌

.69‌

6,682

.72‌

.64‌

.46‌

38‌

.03‌

649

.74‌

.64‌

.22‌

24‌

.31‌

720,447

.79‌

.71‌

.94‌

40‌

.40‌

833,193

.78‌

.71‌

.69‌

26‌

(

.00‌

)

1,040,308

.77‌

(f)

.70‌

(f)

.03‌

(f)

31‌

.02‌

1,283,908

.79‌

.70‌

.90‌

30‌

.60‌

1,060,386

.79‌

.71‌

.38‌

38‌

.91‌

961,413

.80‌

.71‌

.09‌

24‌

Financial

Highlights

(continued)

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

Floating

Rate

Income

Class

8/31/24

17.99

1.50

0.31

1.81

(

1.62

)

—

(

1.62

)

18.18

8/31/23

18.11

1.36

(

0.11

)

1.25

(

1.37

)

—

(

1.37

)

17.99

8/31/22(d)

19.06

0.63

(

0.93

)

(

0.30

)

(

0.65

)

—

(

0.65

)

18.11

9/30/21

17.80

0.72

1.32

2.04

(

0.78

)

—

(

0.78

)

19.06

9/30/20

19.08

0.80

(

1.14

)

(

0.34

)

(

0.94

)

—

(

0.94

)

17.80

9/30/19

19.65

0.93

(

0.56

)

0.37

(

0.94

)

—

(

0.94

)

19.08

Class

8/31/24

17.99

1.37

0.31

1.68

(

1.49

)

—

(

1.49

)

18.18

8/31/23

18.11

1.23

(

0.11

)

1.12

(

1.24

)

—

(

1.24

)

17.99

8/31/22(d)

19.06

0.50

(

0.93

)

(

0.43

)

(

0.52

)

—

(

0.52

)

18.11

9/30/21

17.80

0.59

1.31

1.90

(

0.64

)

—

(

0.64

)

19.06

9/30/20

19.08

0.66

(

1.14

)

(

0.48

)

(

0.80

)

—

(

0.80

)

17.80

9/30/19

19.65

0.79

(

0.56

)

0.23

(

0.80

)

—

(

0.80

)

19.08

Class

8/31/24

18.09

1.57

0.30

1.87

(

1.69

)

—

(

1.69

)

18.27

8/31/23

18.21

1.45

(

0.13

)

1.32

(

1.44

)

—

(

1.44

)

18.09

8/31/22(d)

19.16

0.69

(

0.93

)

(

0.24

)

(

0.71

)

—

(

0.71

)

18.21

9/30/21

17.88

0.79

1.33

2.12

(

0.84

)

—

(

0.84

)

19.16

9/30/20

19.17

0.86

(

1.15

)

(

0.29

)

(

1.00

)

—

(

1.00

)

17.88

9/30/19

19.73

1.06

(

0.62

)

0.44

(

1.00

)

—

(

1.00

)

19.17

Class

8/31/24

18.01

1.55

0.31

1.86

(

1.67

)

—

(

1.67

)

18.20

8/31/23

18.14

1.38

(

0.09

)

1.29

(

1.42

)

—

(

1.42

)

18.01

8/31/22(d)

19.08

0.67

(

0.92

)

(

0.25

)

(

0.69

)

—

(

0.69

)

18.14

9/30/21

17.81

0.77

1.32

2.09

(

0.82

)

—

(

0.82

)

19.08

9/30/20

19.10

0.84

(

1.15

)

(

0.31

)

(

0.98

)

—

(

0.98

)

17.81

9/30/19

19.67

0.97

(

0.55

)

0.42

(

0.99

)

—

(

0.99

)

19.10

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

The

Fund

has

contractual

fee

waiver/expense

reimbursement

agreement

with

the

Adviser,

but

did

not

receive

fee

waiver/expense

reimbursement

during

the

periods

presented

herein.

See

Notes

Financial

Statements

for

information.

(d)

For

the

eleven

months

ended

August

31,

2022.

Prior

July

2022,

the

Fund's

fiscal

year

end

was

September

30th.

(e)

Annualized.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Expenses(c)

NII

(Loss)(c)

Portfolio

Turnover

Rate

.51‌

211,263

.99‌

.31‌

24‌

.24‌

204,409

.02‌

.61‌

24‌

(

.61‌

)

246,410

.94‌

(e)

.70‌

(e)

37‌

.67‌

121,925

.03‌

.88‌

52‌

(

.81‌

)

90,684

.01‌

.43‌

63‌

.93‌

112,723

.00‌

.81‌

32‌

.69‌

51,907

.74‌

.56‌

24‌

.45‌

48,289

.77‌

.89‌

24‌

(

.30‌

)

55,285

.69‌

(e)

.93‌

(e)

37‌

.79‌

34,192

.78‌

.14‌

52‌

(

.50‌

)

33,375

.76‌

.66‌

63‌

.21‌

53,639

.75‌

.10‌

32‌

.79‌

274,487

.67‌

.64‌

24‌

.59‌

271,373

.70‌

.08‌

24‌

(

.29‌

)

227,215

.61‌

(e)

.03‌

(e)

37‌

.03‌

83,970

.70‌

.20‌

52‌

(

.46‌

)

55,634

.67‌

.75‌

63‌

.34‌

54,122

.66‌

.53‌

32‌

.79‌

984,816

.74‌

.56‌

24‌

.46‌

1,016,373

.77‌

.73‌

24‌

(

.32‌

)

1,795,387

.69‌

(e)

.97‌

(e)

37‌

.93‌

828,572

.78‌

.10‌

52‌

(

.56‌

)

535,410

.76‌

.65‌

63‌

.24‌

895,304

.76‌

.04‌

32‌

Financial

Highlights

(continued)

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

High

Yield

Income

Class

8/31/24

17.07

1.26

0.85

2.11

(

1.27

)

—

(

1.27

)

17.91

8/31/23

17.09

1.10

(

0.05

)

1.05

(

1.07

)

—

(

1.07

)

17.07

8/31/22(d)

19.77

0.77

(

2.68

)

(

1.91

)

(

0.77

)

—

(

0.77

)

17.09

9/30/21

18.51

0.86

1.40

2.26

(

1.00

)

—

(

1.00

)

19.77

9/30/20

20.16

1.04

(

1.57

)

(

0.53

)

(

1.12

)

—

(

1.12

)

18.51

9/30/19

20.14

1.03

0.07

1.10

(

1.08

)

—

(

1.08

)

20.16

Class

8/31/24

17.06

1.13

0.84

1.97

(

1.13

)

—

(

1.13

)

17.90

8/31/23

17.08

0.97

(

0.05

)

0.92

(

0.94

)

—

(

0.94

)

17.06

8/31/22(d)

19.75

0.64

(

2.67

)

(

2.03

)

(

0.64

)

—

(

0.64

)

17.08

9/30/21

18.49

0.72

1.40

2.12

(

0.86

)

—

(

0.86

)

19.75

9/30/20

20.14

0.89

(

1.56

)

(

0.67

)

(

0.98

)

—

(

0.98

)

18.49

9/30/19

20.11

0.88

0.08

0.96

(

0.93

)

—

(

0.93

)

20.14

Class

8/31/24

17.17

1.33

0.86

2.19

(

1.34

)

—

(

1.34

)

18.02

8/31/23

17.19

1.19

(

0.07

)

1.12

(

1.14

)

—

(

1.14

)

17.17

8/31/22(d)

19.88

0.84

(

2.70

)

(

1.86

)

(

0.83

)

—

(

0.83

)

17.19

9/30/21

18.60

0.93

1.42

2.35

(

1.07

)

—

(

1.07

)

19.88

9/30/20

20.25

1.11

(

1.57

)

(

0.46

)

(

1.19

)

—

(

1.19

)

18.60

9/30/19

20.22

1.11

0.07

1.18

(

1.15

)

—

(

1.15

)

20.25

Class

8/31/24

17.09

1.31

0.85

2.16

(

1.31

)

—

(

1.31

)

17.94

8/31/23

17.11

1.15

(

0.06

)

1.09

(

1.11

)

—

(

1.11

)

17.09

8/31/22(d)

19.79

0.81

(

2.67

)

(

1.86

)

(

0.82

)

—

(

0.82

)

17.11

9/30/21

18.53

0.91

1.40

2.31

(

1.05

)

—

(

1.05

)

19.79

9/30/20

20.17

1.08

(

1.55

)

(

0.47

)

(

1.17

)

—

(

1.17

)

18.53

9/30/19

20.15

1.08

0.07

1.15

(

1.13

)

—

(

1.13

)

20.17

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

Financial

Statements

for

information.

(d)

For

the

eleven

months

ended

August

31,

2022.

Prior

July

2022,

the

Fund's

fiscal

year

end

was

September

30th.

(e)

Annualized.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c)

Portfolio

Turnover

Rate

.81‌

58,657

.08‌

.01‌

.26‌

181‌

.37‌

49,840

.07‌

.00‌

.51‌

135‌

(

.85‌

)

50,895

.05‌

(e)

.00‌

(e)

.54‌

(e)

116‌

.44‌

53,994

.06‌

.99‌

.40‌

134‌

(

.58‌

)

39,747

.04‌

.00‌

.43‌

128‌

.73‌

47,647

.04‌

.00‌

.22‌

70‌

.96‌

11,835

.83‌

.76‌

.50‌

181‌

.57‌

13,359

.82‌

.75‌

.72‌

135‌

(

.46‌

)

18,123

.80‌

(e)

.75‌

(e)

.76‌

(e)

116‌

.61‌

30,391

.81‌

.75‌

.69‌

134‌

(

.33‌

)

36,222

.80‌

.75‌

.70‌

128‌

.94‌

54,408

.80‌

.75‌

.47‌

70‌

.26‌

17,151

.69‌

.62‌

181‌

.70‌

17,731

.68‌

.61‌

.99‌

135‌

(

.50‌

)

7,779

.67‌

(e)

.62‌

(e)

.94‌

(e)

116‌

.87‌

7,568

.70‌

.63‌

.78‌

134‌

(

.19‌

)

6,567

.68‌

.63‌

.82‌

128‌

.09‌

6,651

.68‌

.64‌

.58‌

70‌

.14‌

574,136

.83‌

.76‌

.53‌

181‌

.62‌

427,359

.82‌

.75‌

.76‌

135‌

(

.63‌

)

458,620

.80‌

(e)

.75‌

(e)

.77‌

(e)

116‌

.69‌

579,139

.81‌

.74‌

.66‌

134‌

(

.29‌

)

427,818

.79‌

.75‌

.67‌

128‌

.98‌

492,539

.79‌

.75‌

.45‌

70‌

Financial

Highlights

(continued)

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Return

Capital

Total

Net

Asset

Value,

End

Period

Preferred

Securities

and

Income

Class

8/31/24

14.46

0.84

1.17

2.01

(

0.87

)

—

(

0.87

)

15.60

8/31/23

15.49

0.79

(

0.98

)

(

0.19

)

(

0.84

)

—

(

0.84

)

14.46

8/31/22(d)

17.84

0.66

(

2.25

)

(

1.59

)

(

0.73

)

—

(

0.03

)

(

0.76

)

15.49

9/30/21

16.73

0.76

1.18

1.94

(

0.83

)

—

(

0.83

)

17.84

9/30/20

17.21

0.83

(

0.45

)

0.38

(

0.86

)

—

(

0.86

)

16.73

9/30/19

16.75

0.90

0.46

1.36

(

0.90

)

—

(

0.90

)

17.21

Class

8/31/24

14.47

0.73

1.17

1.90

(

0.76

)

—

(

0.76

)

15.61

8/31/23

15.50

0.68

(

0.98

)

(

0.30

)

(

0.73

)

—

(

0.73

)

14.47

8/31/22(d)

17.85

0.55

(

2.26

)

(

1.71

)

(

0.61

)

—

(

0.03

)

(

0.64

)

15.50

9/30/21

16.74

0.63

1.18

1.81

(

0.70

)

—

(

0.70

)

17.85

9/30/20

17.21

0.70

(

0.44

)

0.26

(

0.73

)

—

(

0.73

)

16.74

9/30/19

16.77

0.78

0.44

1.22

(

0.78

)

—

(

0.78

)

17.21

Class

8/31/24

14.51

0.90

1.16

2.06

(

0.92

)

—

(

0.92

)

15.65

8/31/23

15.53

0.84

(

0.97

)

(

0.13

)

(

0.89

)

—

(

0.89

)

14.51

8/31/22(d)

17.89

0.71

(

2.26

)

(

1.55

)

(

0.78

)

—

(

0.03

)

(

0.81

)

15.53

9/30/21

16.77

0.83

1.18

2.01

(

0.89

)

—

(

0.89

)

17.89

9/30/20

17.25

0.89

(

0.46

)

0.43

(

0.91

)

—

(

0.91

)

16.77

9/30/19

16.79

0.95

0.46

1.41

(

0.95

)

—

(

0.95

)

17.25

Class

8/31/24

14.47

0.88

1.18

2.06

(

0.91

)

—

(

0.91

)

15.62

8/31/23

15.50

0.83

(

0.98

)

(

0.15

)

(

0.88

)

—

(

0.88

)

14.47

8/31/22(d)

17.86

0.70

(

2.26

)

(

1.56

)

(

0.77

)

—

(

0.03

)

(

0.80

)

15.50

9/30/21

16.74

0.81

1.19

2.00

(

0.88

)

—

(

0.88

)

17.86

9/30/20

17.22

0.87

(

0.45

)

0.42

(

0.90

)

—

(

0.90

)

16.74

9/30/19

16.77

0.95

0.44

1.39

(

0.94

)

—

(

0.94

)

17.22

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

The

Fund

has

contractual

fee

waiver/expense

reimbursement

agreement

with

the

Adviser,

but

did

not

receive

fee

waiver/expense

reimbursement

during

the

periods

presented

herein.

See

Notes

Financial

Statements

for

information.

(d)

For

the

eleven

months

ended

August

31,

2022.

Prior

July

2022,

the

Fund's

fiscal

year

end

was

September

30th.

(e)

Annualized.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Expenses(c)

NII

(Loss)(c)

Portfolio

Turnover

Rate

.31‌

441,911

.03‌

.65‌

22‌

(

.21‌

)

459,831

.01‌

.36‌

22‌

(

.07‌

)

551,741

.99‌

(e)

.34‌

(e)

12‌

.79‌

597,657

.99‌

.32‌

14‌

.33‌

458,391

.03‌

.97‌

37‌

.45‌

416,289

.03‌

.44‌

34‌

.46‌

130,468

.78‌

.90‌

22‌

(

.93‌

)

146,126

.76‌

.62‌

22‌

(

.72‌

)

184,904

.74‌

(e)

.57‌

(e)

12‌

.96‌

232,618

.74‌

.57‌

14‌

.63‌

235,790

.78‌

.21‌

37‌

.54‌

260,290

.79‌

.69‌

34‌

.62‌

634,395

.70‌

.96‌

22‌

(

.81‌

)

559,817

.69‌

.66‌

22‌

(

.84‌

)

1,051,040

.67‌

(e)

.65‌

(e)

12‌

.16‌

944,235

.68‌

.65‌

14‌

.66‌

453,348

.69‌

.32‌

37‌

.77‌

382,299

.70‌

.73‌

34‌

.64‌

3,636,249

.78‌

.89‌

22‌

(

.94‌

)

3,222,096

.76‌

.62‌

22‌

(

.91‌

)

3,338,638

.74‌

(e)

.57‌

(e)

12‌

.11‌

3,842,118

.74‌

.57‌

14‌

.57‌

2,792,500

.78‌

.20‌

37‌

.66‌

2,800,599

.78‌

.69‌

34‌

Financial

Highlights

(continued)

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

Strategic

Income

Class

8/31/24

9.55

0.57

0.45

1.02

(

0.58

)

—

(

0.58

)

9.99

8/31/23

9.78

0.49

(

0.23

)

0.26

(

0.49

)

—

(

0.49

)

9.55

8/31/22(d)

9.66

0.07

0.12

0.19

(

0.07

)

—

(

0.07

)

9.78

6/30/22

11.23

0.35

(

1.59

)

(

1.24

)

(

0.33

)

—

(

0.33

)

9.66

6/30/21

10.69

0.34

0.53

0.87

(

0.33

)

—

(

0.33

)

11.23

6/30/20

10.60

0.36

0.12

0.48

(

0.39

)

—

(

0.39

)

10.69

Class

8/31/24

9.51

0.50

0.43

0.93

(

0.50

)

—

(

0.50

)

9.94

8/31/23

9.73

0.41

(

0.22

)

0.19

(

0.41

)

—

(

0.41

)

9.51

8/31/22(d)

9.61

0.05

0.13

0.18

(

0.06

)

—

(

0.06

)

9.73

6/30/22

11.17

0.26

(

1.57

)

(

1.31

)

(

0.25

)

—

(

0.25

)

9.61

6/30/21

10.64

0.26

0.52

0.78

(

0.25

)

—

(

0.25

)

11.17

6/30/20

10.55

0.28

0.12

0.40

(

0.31

)

—

(

0.31

)

10.64

Class

8/31/24

9.59

0.61

0.43

1.04

(

0.61

)

—

(

0.61

)

10.02

8/31/23

9.82

0.52

(

0.23

)

0.29

(

0.52

)

—

(

0.52

)

9.59

8/31/22(d)

9.69

0.07

0.13

0.20

(

0.07

)

—

(

0.07

)

9.82

6/30/22

11.27

0.39

(

1.60

)

(

1.21

)

(

0.37

)

—

(

0.37

)

9.69

6/30/21

10.73

0.38

0.53

0.91

(

0.37

)

—

(

0.37

)

11.27

6/30/20

10.64

0.40

0.12

0.52

(

0.43

)

—

(

0.43

)

10.73

Class

8/31/24

9.55

0.60

0.44

1.04

(

0.60

)

—

(

0.60

)

9.99

8/31/23

9.78

0.51

(

0.23

)

0.28

(

0.51

)

—

(

0.51

)

9.55

8/31/22(d)

9.66

0.07

0.12

0.19

(

0.07

)

—

(

0.07

)

9.78

6/30/22

11.23

0.37

(

1.58

)

(

1.21

)

(

0.36

)

—

(

0.36

)

9.66

6/30/21

10.69

0.37

0.53

0.90

(

0.36

)

—

(

0.36

)

11.23

6/30/20

10.60

0.39

0.12

0.51

(

0.42

)

—

(

0.42

)

10.69

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

Financial

Statements

for

information.

(d)

For

the

two

months

ended

August

31,

2022.

Prior

July

2022,

the

Fund's

fiscal

year

end

was

June

30th.

(e)

Annualized.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c)

Portfolio

Turnover

Rate

.04‌

143,953

.93‌

.82‌

.94‌

60‌

.72‌

117,023

.96‌

.83‌

.12‌

66‌

.94‌

105,182

.02‌

(e)

.84‌

(e)

.99‌

(e)

10‌

(

.26‌

)

102,000

.93‌

.83‌

.19‌

75‌

.25‌

139,845

.95‌

.84‌

.07‌

128‌

.63‌

101,886

.97‌

.84‌

.42‌

62‌

.11‌

14,533

.68‌

.57‌

.18‌

60‌

.04‌

12,794

.71‌

.59‌

.33‌

66‌

.82‌

18,212

.77‌

(e)

.59‌

(e)

.23‌

(e)

10‌

(

.91‌

)

19,754

.68‌

.58‌

.43‌

75‌

.39‌

30,993

.70‌

.59‌

.33‌

128‌

.84‌

37,285

.72‌

.59‌

.71‌

62‌

.28‌

275,725

.59‌

.48‌

.28‌

60‌

.09‌

243,866

.62‌

.50‌

.45‌

66‌

.10‌

240,575

.69‌

(e)

.51‌

(e)

.31‌

(e)

10‌

(

.97‌

)

236,581

.59‌

.49‌

.59‌

75‌

.59‌

67,689

.62‌

.51‌

.40‌

128‌

.96‌

59,099

.63‌

.50‌

.77‌

62‌

.32‌

482,436

.68‌

.57‌

.18‌

60‌

.97‌

327,839

.71‌

.58‌

.35‌

66‌

.99‌

329,623

.77‌

(e)

.59‌

(e)

.23‌

(e)

10‌

(

.01‌

)

333,270

.68‌

.58‌

.46‌

75‌

.51‌

424,677

.70‌

.59‌

.32‌

128‌

.86‌

395,502

.72‌

.59‌

.71‌

62‌

Notes

Financial

Statements

General

Information

Trust

and

Fund

Information

The

Nuveen

Investment

Funds,

Inc.,

Nuveen

Investment

Trust

III

and

Nuveen

Investment

Trust

(each

“Trust”

and

collectively,

the

“Trusts”)

are

open-end

management

investment

companies

registered

under

the

Investment

Company

Act

1940

(the

“1940

Act”),

amended.

The

Nuveen

Investment

Funds,

Inc.

comprised

Nuveen

Credit

Income

Fund

(“Credit

Income”)

and

Nuveen

Strategic

Income

Fund

(“Strategic

Income”),

among

others,

Nuveen

Investment

Trust

III

comprised

Nuveen

Floating

Rate

Income

Fund

(“Floating

Rate

Income”)

and

Nuveen

High

Yield

Income

Fund

(“High

Yield

Income”),

among

others

and

Nuveen

Investment

Trust

comprised

Nuveen

Flexible

Income

Fund

(“Flexible

Income”)

and

Nuveen

Preferred

Securities

and

Income

Fund

(“Preferred

Securities

and

Income”)

among

others

(each

“Fund”

and

collectively

the

“Funds”),

Nuveen

Investment

Funds,

Inc.

was

incorporated

the

State

Maryland

August

20,

1987.

Nuveen

Investment

Trust

III

was

organized

Massachusetts

business

trust

August

20,

1998.

Nuveen

Investment

Trust

was

organized

Massachusetts

business

trust

September

27,

2006.

Current

Fiscal

Period:

The

end

the

reporting

period

for

the

Funds

August

31,

2024,

and

the

period

covered

these

Notes

Financial

Statements

the

fiscal

year

ended

August

31,

2024

(the

"current

fiscal

period").

Investment

Adviser

and

Sub-Advisers:

The

Funds’

investment

adviser

Nuveen

Fund

Advisors,

LLC

(the

“Adviser”),

subsidiary

Nuveen,

LLC

(“Nuveen”).

Nuveen

the

investment

management

arm

Teachers

Insurance

and

Annuity

Association

America

(TIAA).

The

Adviser

has

overall

responsibility

for

management

the

Funds,

oversees

the

management

the

Funds’

portfolios,

manages

the

Funds’

business

affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

necessary,

asset

allocation

decisions.

The

Adviser

has

entered

into

sub-advisory

agreements

with

Nuveen

Asset

Management

LLC

(“NAM”),

subsidiary

the

Adviser,

under

which

the

Sub-Adviser

manages

the

investment

portfolios

the

Funds.

Classes

and

Sales

Charges:

Class

are

generally

sold

with

up-front

sales

charge.

Class

purchases

million

are

sold

net

asset

value

(“NAV”)

without

up-front

sales

charge

but

may

subject

contingent

deferred

sales

charge

(“CDSC”)

redeemed

within

eighteen

months

purchase.

Class

are

sold

without

up-front

sales

charge

but

are

subject

CDSC

redeemed

within

twelve

months

purchase.

Class

automatically

convert

Class

eight

years

after

purchase.

Class

and

Class

are

sold

without

upfront

sales

charge.

Significant

Accounting

Policies

The

accompanying

financial

statements

were

prepared

accordance

with

accounting

principles

generally

accepted

the

United

States

America

(“U.S.

GAAP”),

which

may

require

the

use

estimates

made

management

and

the

evaluation

subsequent

events.

Actual

results

may

differ

from

those

estimates.

Each

Fund

investment

company

and

follows

accounting

guidance

the

Financial

Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

946,

Financial

Services

—

Investment

Companies.

The

NAV

for

financial

reporting

purposes

may

differ

from

the

NAV

for

processing

security

and shareholder

transactions.

The

NAV

for

financial

reporting

purposes

includes

security

and

common

transactions

through

the

date

the

report.

Total

return

computed

based

the

NAV

used

for

processing

security

and

common

transactions.

The

following

summary

the

significant

accounting

policies

consistently

followed

the

Funds.

Compensation

None

the

Trusts

pay

compensation

directly

those

its officers,

all

whom

receive

remuneration

for

their

services

each

Trust

from

the

Adviser

its

affiliates.

The

Funds'

Board

Directors/Trustees

(the

"Board")

has

adopted

deferred

compensation

plan

for

independent

trustees

that

enables

directors/trustees

elect

defer

receipt

all

portion

the

annual

compensation

they

are

entitled

receive

from

certain

Nuveen-advised

funds.

Under

the

plan,

deferred

amounts

are

treated

though

equal

dollar

amounts

had

been

invested

select

Nuveen-advised

funds.

Distributions

Shareholders:

Distributions

shareholders

are

recorded

the

ex-dividend

date.

The

amount,

character

and

timing

distributions

are

determined

accordance

with

federal

income

tax

regulations,

which

may

differ

from

U.S.

GAAP.

Foreign

Currency

Transactions

and

Translation:

The

books

and

records

the

Funds

are

maintained

U.S.

dollars.

Assets,

including

investments,

and

liabilities

denominated

foreign

currencies

are

translated

into

U.S.

dollars

the

end

each

day.

Purchases

and

sales

securities,

income

and

expenses

are

translated

into

U.S.

dollars

the

prevailing

exchange

rate

the

respective

dates

the

transactions.

Net

realized

foreign

currency

gains

and

losses

resulting

from

changes

exchange

rates

associated

with

(i)

foreign

currency,

(ii)

investments

and

(iii)

derivatives

include

foreign

currency

gains

and

losses

between

trade

date

and

settlement

date

the

transactions,

foreign

currency

transactions,

and

the

difference

between

the

amounts

interest

and

dividends

recorded

the

books

the

Funds

and

the

amounts

actually

received

are

recognized

component

“Net

realized

gain

(loss)

from

foreign

currency

transactions”

the

Statement

Operations,

when

applicable.

The

unrealized

gains

and

losses

resulting

from

changes

foreign

currency

exchange

rates

and

changes

foreign

exchange

rates

associated

with

(i)

investments

and

(ii)

other

assets

and

liabilities

are

recognized

component

“Change

unrealized

appreciation

(depreciation)

on foreign

currency

translations”

the

Statement

Operations,

when

applicable.

The

unrealized

gains

and

losses

resulting

from

changes

foreign

exchange

rates

associated

with

investments

derivatives

are

recognized

component

the

respective

derivative’s

“Change

unrealized

appreciation

(depreciation)”

the

Statement

Operations,

when

applicable.

the

end

the

reporting

period,

the

following

Funds'

investments

non-U.S.

securities

were

follows:

Foreign

Taxes:

The

Funds

may

subject

foreign

taxes

income,

gains

investments

foreign

currency

repatriation,

portion

which

may

recoverable.

The

Funds

will

accrue

such

taxes

and

recoveries

applicable,

based

upon

the

current

interpretation

tax

rules

and

regulations

that

exist

the

markets

which

the

Funds

invest.

Indemnifications:

Under each

Trust’s

organizational

documents,

its

officers

and

trustees

are

indemnified

against

certain

liabilities

arising

out

the

performance

their

duties

to each

Trust.

addition,

the

normal

course

business, each

Trust

enters

into

contracts

that

provide

general

indemnifications

other

parties. Each

Trust’s

maximum

exposure

under

these

arrangements

unknown

this

would

involve

future

claims

that

may

made

against each

Trust

that

have

not

yet

occurred.

However, each

Trust

has

not

had

prior

claims

losses

pursuant

these

contracts

and

expects

the

risk

loss

remote.

Investments

and

Investment

Income:

Securities

transactions

are

accounted

for

the

trade

date

for

financial

reporting

purposes.

Trade

date

for

senior

and

subordinated

loans

purchased

the

“primary

market”

considered

the

date

which

the

loan

allocations

are

determined.

Trade

date

for

senior

and

subordinated

loans

purchased

the

“secondary

market”

the

date

which

the

transaction

entered

into.

Realized

gains

and

losses

securities

transactions

are

based

upon

the

specific

identification

method.

Dividend

income

recorded

the

ex-dividend

date

or,

for

foreign

securities,

when

information

available.

Non-cash

dividends

received

the

form

stock,

any,

are

recognized

the

ex-dividend

date

and

recorded

fair

value.

Interest

income,

which

recorded

accrual

basis

and

includes

accretion

discounts

and

amortization

premiums

for

financial

reporting

purposes.

Interest

income

also

reflects

payment-in-kind

(“PIK”)

interest

and

paydown

gains

and

losses,

any.

PIK

interest

represents

income

received

the

form

securities

lieu

cash.

Fee

income

consists

primarily

amendment

fees,

when

applicable.

Amendment

fees

are

earned

compensation

for

evaluating

and

accepting

changes

original

senior

loan

agreement

and

are

recognized

when

received.

Securities

lending

income

comprised

fees

earned

from

borrowers

and

income

earned

cash

collateral

investments.

Fee

income

and

amendment

fees,

any,

are

recognized

“Fees”

the

Statement

Operations.

Multiclass

Operations

and

Allocations:

Income

and

expenses

the

Funds that

are

not

directly

attributable

specific

class

are

prorated

among

the

classes

based

the

relative

value

the

settled

each

class.

Expenses

directly

attributable

class

are

recorded

the

specific

class.

12b-1

distribution

and

service

fees

are

allocated

class-specific

basis.

Sub-transfer

agent

fees

and

similar

fees,

which

are

recognized

component

“Shareholder

servicing

agent

fees”

the

Statement

Operations,

are

not

charged

Class

and

are

prorated

among

the

other

classes

based

their

relative

settled

shares.

Realized

and

unrealized

capital

gains

and

losses

the

Funds

are

prorated

among

the

classes

based

the

relative

net

assets

each

class.

Netting

Agreements:

the

ordinary

course

business,

the

Funds

may

enter

into

transactions

subject

enforceable

master

repurchase

agreements,

International

Swaps

and

Derivatives

Association,

Inc.

(ISDA)

master

agreements

other

similar

arrangements

(“netting

agreements”).

Generally,

the

right

offset

netting

agreements

allows

each

Fund

offset

certain

securities

and

derivatives

with

specific

counterparty,

when

applicable,

well

any

collateral

received

delivered

that

counterparty

based

the

terms

the

agreements.

Generally,

each

Fund

manages

its

cash

collateral

and

securities

collateral

counterparty

basis.

With

respect

certain

counterparties,

accordance

with

the

terms

the

netting

agreements,

collateral

posted

the

Funds

held

segregated

account

the

Funds’

custodian

and/or

with

respect

those

amounts

which

can

sold

repledged,

are

presented

the

Funds’

Portfolio

Investments

Statement

Assets

and

Liabilities.

The

Funds’

investments

subject

netting

agreements

the

end

the

reporting

period,

any,

are

further

described

later

these

Notes

Financial

Statements.

Investment

Valuation

and

Fair

Value

Measurements

The

Funds’

investments

securities

are

recorded

their

estimated

fair

value

utilizing

valuation

methods

approved

the

Adviser,

subject

oversight

the Board.

Fair

value

defined

the

price

that

would

received

upon

selling

investment

transferring

liability

orderly

transaction

independent

buyer

the

principal

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

used

maximize

the

use

observable

market

data

and

minimize

the

use

unobservable

inputs

and

establish

classification

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

pricing

the

asset

liability.

Preferred

Securities

and

Income

Value

Net

Assets

Country:

United

Kingdom

570,467,332

11.7

France

375,150,237

7.7

Spain

217,945,126

4.5

Canada

212,161,615

4.4

Switzerland

210,308,198

4.3

Netherlands

100,130,835

2.2

Ireland

78,750,165

1.6

Germany

77,278,425

1.5

Australia

68,456,811

1.4

Other

134,407,380

2.9

Total

non-U.S.

Securities

$2,045,056,124

42.2%

Notes

Financial

Statements

(continued)

Observable

inputs

are

based

market

data

obtained

from

sources

independent

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

pricing

the

asset

liability.

Unobservable

inputs

are

based

the

best

information

available

the

circumstances.

The

following

summary

the

three-tiered

hierarchy

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

determining

the

fair

value

investments).

description

the

valuation

techniques

applied

the

Funds’

major

classifications

assets

and

liabilities

measured

fair

value

follows:

Equity

securities

and

exchange-traded

funds

listed

traded

national

market

exchange

are

valued

based

their

last

reported sales

price

official

closing

price of such

market

exchange

the

valuation

date.

Foreign

equity

securities

and

registered

investment

companies

that

trade

foreign

exchange

are

valued

the

last

reported sales

price

official

closing

price

the

principal

exchange

where

traded,

and

converted

U.S.

dollars

the

prevailing

rates

exchange

the valuation

date.

For

events affecting

the value

foreign

securities

between

the

time

when

the

exchange

which

they

are

traded

closes

and

the

time

when

the

Funds'

net

assets

are

calculated,

such

securities

will

valued

fair

value

accordance

with

procedures

adopted

the

Adviser,

subject

the

oversight

the

Board. To

the

extent

these

securities

are

actively

traded

and

valuation

adjustments

are

applied,

they

are

generally

classified

Level

1. When

valuation

adjustments

are

applied

the

most

recent

last

sales

price

official

closing

price, these

securities

are

generally

classified

Level

Prices

certain

American

Depositary

Receipts

(“ADR”)

held

the

Funds

that

trade

the

United

States

are

valued

based

the

last

traded

price,

official

closing

price,

evaluated

price

provided

the

pricing

services and

are

generally

classified

Level

Prices

fixed-income

securities

are

generally

provided

pricing

services

approved

the

Adviser,

which

subject

review

the

Adviser

and

oversight

the

Board. Pricing

services

establish

security’s

fair

value

using

methods

that

may

include

consideration

the

following:

yields

prices

investments

comparable

quality,

type

issue,

coupon,

maturity

and

rating,

market

quotes

indications

value

from

security

dealers,

evaluations

anticipated

cash

flows

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

pricing

certain

securities,

particularly

less

liquid

and

lower

quality

securities,

pricing

services

may

consider

information

about

security,

its

issuer

market

activity

provided

the

Adviser.

These

securities

are

generally

classified

Level

Repurchase

agreements

are

valued

contract

amount

plus

accrued

interest,

which

approximates

market

value.

These

securities

are

generally

classified

Level

Investments

investment

companies

are

valued

their

respective

NAVs

price on

the

valuation

date

and

are

generally

classified

Level

Futures

contracts

are

valued

using

the

closing

settlement

price

or,

the

absence

such

price,

the

last

traded

price

and

are

generally

classified

Level

Swap

contracts

are

marked-to-market

daily

based

upon

price

supplied

pricing

service.

Swaps

are

generally

classified

Level

For

any

portfolio

security

derivative

for

which

market

quotations

are

not

readily

available

for

which

the

Adviser

deems

the

valuations

derived

using

the

valuation

procedures

described

above

not

reflect

fair

value,

the

Adviser

will

determine

fair

value

good

faith

using

alternative

procedures

approved

the

Adviser,

subject

the

oversight

the

Board.

general

principle,

the

fair

value

security

the

amount

that

the

owner

might

reasonably

expect

receive

for

current

sale.

variety

factors

may

considered

determining

the

fair

value

such

securities,

which

may

include

consideration

the

following:

yields

prices

investments

comparable

quality,

type

issue,

coupon,

maturity

and

rating,

market

quotes

indications

value

from

security

dealers,

evaluations

anticipated

cash

flows

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

the

extent

the

inputs

are

observable

and

timely,

the

values

would

classified

Level

otherwise

they

would

classified

Level

The

following

table

summarizes

the

market

value

the

Funds’

investments

the

end

the

reporting

period,

based

the

inputs

used

value

them:

Credit

Income

Level

Total

Long-Term

Investments:

Corporate

Bonds

–

52,033,884

–

52,033,884

Mortgage-Backed

Securities

–

9,518,250

–

9,518,250

Variable

Rate

Senior

Loan

Interests

–

7,963,139

–

7,963,139

Asset-Backed

Securities

–

5,302,619

2,035,888

7,338,507

Sovereign

Debt

–

3,278,131

–

3,278,131

$1,000

Par

(or

similar)

Institutional

Preferred

–

2,720,795

–

2,720,795

Contingent

Capital

Securities

–

2,409,836

–

2,409,836

$25

Par

(or

similar)

Retail

Preferred

164,730

–

164,730

Common

Stocks

–

163

Investments

Purchased

with

Collateral

from

Securities

Lending

4,182,258

–

4,182,258

Short-Term

Investments:

Repurchase

Agreements

–

1,650,000

–

1,650,000

Investments

Derivatives:

Futures

Contracts*

(18,872)

–

(18,872)

Variable

Rate

Senior

Loan

Interests

–

216,586

–

216,586

Total

4,328,116

85,093,314

2,035,977

91,457,407

Flexible

Income

Level

Total

Long-Term

Investments:

Corporate

Bonds

–

478,481,238

–

478,481,238

$1,000

Par

(or

similar)

Institutional

Preferred

–

314,800,791

–

314,800,791

Common

Stocks

94,545,949

–

94,545,949

$25

Par

(or

similar)

Retail

Preferred

82,150,772

–

82,150,772

Convertible

Bonds

–

19,717,454

–

19,717,454

Convertible

Preferred

Securities

15,865,653

–

15,865,653

Structured

Notes

–

10,883,027

–

10,883,027

Investments

Purchased

with

Collateral

from

Securities

Lending

28,063,049

–

28,063,049

Short-Term

Investments:

Repurchase

Agreements

–

7,213,725

–

7,213,725

Total

220,625,423

831,096,235

–

1,051,721,658

Floating

Rate

Income

Level

Total

Long-Term

Investments:

Variable

Rate

Senior

Loan

Interests

–

1,300,927,908

100,928

1,301,028,836

Corporate

Bonds

–

163,387,840

–

163,387,840

Exchange-Traded

Funds

37,485,329

–

37,485,329

Common

Stocks

3,592,182

7,817,723

8,495,641

19,905,546

Convertible

Preferred

Securities

–

258,780

–

258,780

Warrants

8,525

229,941

8,289

246,755

Investments

Purchased

with

Collateral

from

Securities

Lending

4,084,766

–

4,084,766

Short-Term

Investments:

Investment

Companies

17,389,009

–

17,389,009

Total

62,559,811

1,472,622,192

8,604,858

1,543,786,861

Notes

Financial

Statements

(continued)

The

following

table

summarizes

the

market

value

the

Fund’s

investments

the

end

the

reporting

period,

based

the

inputs

used

value

them:

High

Yield

Income

Level

Total

Long-Term

Investments:

Corporate

Bonds

–

513,684,897

–

513,684,897

Variable

Rate

Senior

Loan

Interests

–

73,296,392

–

73,296,392

Exchange-Traded

Funds

32,864,364

–

32,864,364

$1,000

Par

(or

similar)

Institutional

Preferred

–

9,622,331

–

9,622,331

Contingent

Capital

Securities

–

5,654,701

–

5,654,701

Common

Stocks

317,467

1,257

2,792,139

3,110,863

Credit

Default

Swaps

Centrally

Cleared

–

Investments

Purchased

with

Collateral

from

Securities

Lending

33,825,666

–

33,825,666

Short-Term

Investments:

Investment

Companies

20,529,617

–

20,529,617

Total

87,537,114

602,259,578

2,792,139

692,588,831

Preferred

Securities

and

Income

Level

Total

Long-Term

Investments:

$1,000

Par

(or

similar)

Institutional

Preferred

–

2,455,593,312

–

2,455,593,312

Contingent

Capital

Securities

–

1,546,308,724

–

1,546,308,724

$25

Par

(or

similar)

Retail

Preferred

583,985,933

415,321

–

584,401,254

Corporate

Bonds

–

92,230,406

–

92,230,406

Investments

Purchased

with

Collateral

from

Securities

Lending

97,272,728

–

97,272,728

Short-Term

Investments:

Repurchase

Agreements

–

33,575,000

–

33,575,000

Investments

Derivatives:

Futures

Contracts*

(4,746,562)

–

(4,746,562)

Total

676,512,099

4,128,122,763

–

4,804,634,862

Strategic

Income

Level

Total

Long-Term

Investments:

Mortgage-Backed

Securities

–

319,485,208

–

319,485,208

Corporate

Bonds

–

181,104,654

–

181,104,654

Asset-Backed

Securities

–

121,838,243

1,101,175

122,939,418

$1,000

Par

(or

similar)

Institutional

Preferred

–

62,753,072

–

62,753,072

U.S.

Government

and

Agency

Obligations

–

61,382,969

–

61,382,969

Sovereign

Debt

–

57,277,473

–

57,277,473

Variable

Rate

Senior

Loan

Interests

–

41,680,989

–

41,680,989

Contingent

Capital

Securities

–

22,667,210

–

22,667,210

Municipal

Bonds

–

10,151,495

–

10,151,495

$25

Par

(or

similar)

Retail

Preferred

742,310

–

742,310

Investments

Purchased

with

Collateral

from

Securities

Lending

5,568,453

–

5,568,453

Short-Term

Investments:

Repurchase

Agreements

–

53,825,000

–

53,825,000

Investments

Derivatives:

Futures

Contracts*

(597,726)

–

(597,726)

Variable

Rate

Senior

Loan

Interests

–

4,056,544

–

4,056,544

Total

5,713,037

936,222,857

1,101,175

943,037,069

Represents

net

unrealized

appreciation

(depreciation)

reported

Fund's

Portfolio

Investments.

Level

Credit

Income

Common

Stocks

Asset-Backed

and

Mortgage-Backed

Securities

Balance

the

beginning

period

$142

$2,089,491

Gains

(losses):

Net

realized

gains

(losses)

(94,662)

Change

net

unrealized

appreciation

(depreciation)

(309,487)

Purchases

cost

695,739

Sales

proceeds

(217,960)

Net

discounts

(premiums)

(127,233)

Transfers

into

Transfers

(out

of)

(74)

Balance

the

end

period

$2,035,888

Change

net

unrealized

appreciation

(depreciation)

during

the

period

Level

securities

held

period

end

$(309,487)

Level

Floating

Rate

Income

Common

Stocks

Variable

Rate

Senior

Loan

Interests

Warrants

Balance

the

beginning

period

$401,471

$2,056

Gains

(losses):

Net

realized

gains

(losses)

Change

net

unrealized

appreciation

(depreciation)

(1,048,740)

(164,834)

(97,351)

Purchases

cost

1,294,669

202,654

103,584

Sales

proceeds

Net

discounts

(premiums)

63,078

Transfers

into

8,284,307

Transfers

(out

of)

(436,066)

Balance

the

end

period

8,495,641

100,928

8,289

Change

net

unrealized

appreciation

(depreciation)

during

the

period

Level

securities

held

period

end

$(1,935,232)

(335,533)

$(97,351)

Level

High

Yield

Income

Common

Stocks

Balance

the

beginning

period

$245

Gains

(losses):

Net

realized

gains

(losses)

Change

net

unrealized

appreciation

(depreciation)

100

Purchases

cost

Sales

proceeds

Net

discounts

(premiums)

Transfers

into

2,792,139

Transfers

(out

of)

(345)

Balance

the

end

period

$2,792,139

Change

net

unrealized

appreciation

(depreciation)

during

the

period

Level

securities

held

period

end

$(283,554)

Level

Strategic

Income

Asset-Backed

Securities

Balance

the

beginning

period

$1,053,313

Gains

(losses):

Net

realized

gains

(losses)

Change

net

unrealized

appreciation

(depreciation)

47,862

Purchases

cost

Sales

proceeds

Net

discounts

(premiums)

Transfers

into

Transfers

(out

of)

Balance

the

end

period

$1,101,175

Change

net

unrealized

appreciation

(depreciation)

during

the

period

Level

securities

held

period

end

$47,862

100

Notes

Financial

Statements

(continued)

The

table

below

presents

the

transfers

and

out

the

three

valuation

levels

for

the

Fund

the

end

the

reporting

period

when

compared

the

valuation

levels

the

end

the

fiscal

year.

Changes

valuation

inputs

methodologies

may

result

transfers

into

out

assigned

level

within

the

fair

value

hierarchy.

Transfers

out

levels

are

generally

due

the

availability

publicly

available

information

and

the

significance

extent

the

Adviser

determines

that

the

valuation

inputs

methodologies

may

impact

the

valuation

those

securities.

The

valuation

techniques

and

significant

unobservable

inputs

used

recurring

Level

fair

value

measurements

assets

the

end

the

reporting

period,

were

follows:

Portfolio

Securities

Unfunded Commitments:

Pursuant

the

terms

certain

the

variable

rate

senior

loan

agreements,

the

Funds

(except

Flexible

Income

and

Preferred

Securities

and

Income) may

have

unfunded

senior

loan

commitments.

Each

Fund

will

maintain

with

its

custodian,

cash,

liquid

securities

and/or

liquid

senior

loans

having

aggregate

value

least

equal

the

amount

unfunded

senior

loan

commitments.

the

end

the

reporting

period,

the

Funds’

outstanding

unfunded

senior

loan

commitments

were

follows:

Participation

Commitments:

With

respect

the

senior

loans

held

each

Fund’s

portfolio,

the

Funds

(except

Flexible

Income

and

Preferred

Securities

and

Income)

may:

invest

assignments;

act

participant

primary

lending

syndicates;

invest

participations.

Fund

purchases

participation

senior

loan

interest,

the

Fund

would

typically

enter

into

contractual

agreement

with

the

lender

other

third

party

selling

the

participation,

rather

than

directly

with

the

borrower.

such,

the

Fund

not

only

assumes

the

credit

risk

the

borrower,

but

also

that

the

selling

participant

other

persons

interpositioned

between

the

Fund

and

the

borrower.

the

end

the

reporting

period,

the

Funds

had

such

outstanding

participation

commitments.

Securities

Lending:

Each

Fund

may

lend

securities

representing

one-third

the

value

its

total

assets

broker-dealers,

banks,

and

other

institutions

order

generate

additional

income.

When

loaning

securities, a

Fund

retains

the

benefits

owning

the

securities,

including

the

economic

equivalent

dividends

interest

generated

the

security.

The

loans

are

continuous,

can

recalled

any

time,

and

have

set

maturity.

The

Funds’

custodian,

State

Street

Bank

and

Trust

Company,

serves

the

securities

lending

agent

(the

“Agent”).

Level

Transfers

(Transfers

Out)

Transfers

(Transfers

Out)

Transfers

(Transfers

Out)

Credit

Income

Common

Stocks

$74

$(74)

Floating

Rate

Income

Common

Stocks

$436,066

$(8,284,307)

$8,284,307

$(436,066)

Variable

Rate

Senior

Loan

Interests

$(30)

$30

High

Yield

Income

Common

Stocks

$345

$(2,792,139)

$2,792,139

$(345)

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

Credit

Income

Asset-Backed

Securities

$2,035,977

Indicative

Trade

Broker

Quote

$38.63-$22,450

$6,222.81

Floating

Rate

Income

Variable

Rate

Senior

Loan

Interest

$100,928

Expected

Recovery

Proceeds

$60.5185-$100

$77.05

Common

Stocks

8,495,641

Expected

Recovery

Proceeds

$0.01-$8.00

$0.93

Enterprise

Value

EBITDA

Multiples

10.50-12.50

N/A

Enterprise

Value

Indicative

Trade

$1,000.00

N/A

Warrants

8,289

Expected

Recovery

Proceeds

$0.25-0.35

$0.31

Total

$8,604,858

High

Yield

Income

Common

Stocks

$2,792,139

Enterprise

Value

EBITDA

Multiples

$10.50-12.50

N/A

Strategic

Income

Common

Stocks

$1,101,175

Indicative

Trade

Broker

Quote

88.094%

N/A

Fund

Outstanding

Unfunded

Senior

Loan

Commitments

Floating

Rate

Income

1,444,909

101

When

Fund

loans

its

portfolio

securities,

will

receive,

the

inception

each

loan,

cash

collateral

equal

amount

not

less

than

100%

the

market

value

the

loaned

securities.

The

actual

percentage

the

cash

collateral

will

vary

depending

upon

the

asset

type

the

loaned

securities.

Collateral

for

the

loaned

securities

invested

government

money

market

vehicle

maintained

the

Agent,

which

subject

the

requirements

Rule

2a-7

under

the

1940

Act.

The

value

the

loaned

securities

and

the

liability

return

the

cash

collateral

received

are

recognized

the

Statement

Assets

and

Liabilities.

the

market

value

the

loaned

securities

increases,

the

borrower

must

furnish

additional

collateral

the

Fund,

which

also

recognized

the

Statement

Assets

and

Liabilities.

Securities

out

loan

are

subject

termination

any

time

the

option

the

borrower

the

Fund.

Upon

termination,

the

borrower

required

return

the

Fund

securities

identical

the

securities

loaned.

During

the

term

the

loan,

the

Fund

bears

the

market

risk

with

respect

the

investment

collateral

and

the

risk

that

the

Agent

may

default

its

contractual

obligations

the

Fund.

The

Agent

bears

the

risk

that

the

borrower

may

default

its

obligation

return

the

loaned

securities

the

Agent

contractually

obligated

indemnify

the

Fund

the

time

default

borrower

some

all

the

loan

securities

have

not

been

returned.

Securities

lending

income

recognized

Fund

consists

earnings

invested

collateral

and

lending

fees,

net

any

rebates

the

borrower

and

compensation

the

Agent.

Such

income

recognized

the

Statement

Operations.

the

end

the

current

reporting

period,

the

total

value

the

loaned

securities

and

the

total

value

collateral

received

were

follows:

Repurchase

Agreements:

connection

with

transactions

repurchase

agreements,

each

Fund's

policy

that

its

custodian

take

possession

the

underlying

collateral

securities,

the

fair

value

which

exceeds

the

principal

amount

the

repurchase

transaction,

including

accrued

interest,

all

times.

the

counterparty

defaults,

and

the

fair

value

the

collateral

declines,

realization

the

collateral

may

delayed

limited.

The

following

table

presents

the

repurchase

agreements

for

the

Funds

that

are

subject

netting

agreements

the

end

the

reporting

period,

and

the

collateral

delivered

those

repurchase

agreements.

Zero

Coupon

Securities:

zero

coupon

security

does

not

pay

regular

interest

coupon

its

holders

during

the

life

the

security.

Income

the

holder

the

security

comes

from

accretion

the

difference

between

the

original

purchase

price

the

security

issuance

and

the

par

value

the

security

maturity

and

effectively

paid

maturity.

The

market

prices

zero

coupon

securities

generally

are

volatile

than

the

market

prices

securities

that

pay

interest

periodically.

Purchases

and

Sales:

Long-term

purchases

and

sales during

the

current fiscal

period

were

follows:

Fund

Asset

Class

out

Loan

Long-Term

Investments,

Value

Total

Collateral

Received

Credit

Income

Corporate

Bonds

$3,526,430

$3,657,873

Contingent

Capital

Securities

296,602

302,940

$1,000

Par

(or

similar)

Institutional

Preferred

212,849

221,445

Total

$4,035,881

$4,182,258

Flexible

Income

$1,000

Par

(or

similar)

Institutional

Preferred

$17,726,417

$18,481,106

Corporate

Bonds

9,207,743

9,581,943

Total

$26,934,160

$28,063,049

Floating

Rate

Income

Corporate

Bonds

$3,915,501

$4,084,766

High

Yield

Income

Corporate

Bonds

$30,722,629

$31,958,046

Contingent

Capital

Securities

1,828,545

1,867,620

Total

$32,551,174

$33,825,666

Preferred

Securities

and

Income

Contingent

Capital

Securities

$54,777,123

$56,884,035

$1,000

Par

(or

similar)

Institutional

Preferred

39,141,950

40,142,393

$25

Par

(or

similar)

Institutional

Preferred

240,657

246,300

Total

$94,159,730

$97,272,728

Strategic

Income

Corporate

Bonds

$3,197,169

$3,385,632

$1,000

Par

(or

similar)

Institutional

Preferred

1,993,462

2,042,168

Sovereign

Debt

134,009

140,653

Total

$5,324,640

$5,568,453

Fund

Counterparty

Short-Term

Investments,

Value

Collateral

Pledged

(From)

Counterparty

Credit

Income

Fixed

Income

Clearing

Corporation

$1,650,000

$(1,683,060)

Flexible

Income

Fixed

Income

Clearing

Corporation

7,213,725

(7,358,331)

Preferred

Securities

and

Income

Fixed

Income

Clearing

Corporation

33,575,000

(34,246,591)

Strategic

Income

Fixed

Income

Clearing

Corporation

53,825,000

(54,901,614)

102

Notes

Financial

Statements

(continued)

The

Funds

may

purchase

securities

when-issued

delayed-delivery

basis.

Securities

purchased

when-issued

delayed-delivery

basis

may

have

extended

settlement

periods;

interest

income

not

accrued

until

settlement

date.

Any

securities

purchased

are

subject

market

fluctuation

during

this

period. If

Fund

has

outstanding

when-issued/delayed-delivery

purchases

commitments

the

end

the

reporting

period,

such

amounts

are

recognized

the

Statement

Assets

and

Liabilities.

Derivative

Investments

Each

Fund

authorized

invest

certain

derivative

instruments.

defined

U.S.

GAAP,

derivative

financial

instrument

whose

value

derived

from

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

prices

rates,

other

variables.

Investments

derivatives

the

end

and/or

during

the

current

fiscal

period,

any,

are

included

within

the

Statement

Assets

and

Liabilities

and

the

Statement

Operations,

respectively.

Credit

Default

Swap

Contracts:

Fund

may

enter

into

credit

default

swap

contract

seek

maintain

total

return

particular

investment

portion

its

portfolio,

take

active

long

short

position

with

respect

the

likelihood

particular

issuer’s

default.

During

the

current

fiscal

period,

High

Yield

Income

used

credit

default

index

swap

contracts

gain

broad

exposure

the

high

yield

bond

market

and

Strategic

Income

used

credit

default

swap

index

contracts

reduce

the

credit

risk

its

high

yield

bond

exposure.

Credit

default

swap

contracts

involve

one

party

making

stream

payments

(buyer

protection)

another

party

(seller

protection)

exchange

for

the

right

receive

specified

return

if/when

there

credit

event

third

party.

Credit

events

are

agreement

specific

but

may

include

bankruptcy,

failure

pay,

restructuring.

When

Fund

has

bought

(sold)

protection

credit

default

swap

upon

occurrence

specific

credit

event

with

respect

the

underlying

referenced

entity,

the

Fund

will

either

(i)

receive

(deliver)

that

security,

equivalent

amount

cash,

from

the

counterparty

exchange

for

receipt

(payment)

the

notional

amount

the

counterparty,

(ii)

receive

(pay)

net

settlement

amount

the

credit

default

swap

contract

less

the

recovery

value

the

referenced

obligation

underlying

securities

comprising

the

referenced

index.

Payments

paid

(received)

the

beginning

the

measurement

period

are

reflected

swap

premiums

paid

(received)

the

Statement

Assets

and

Liabilities,

when

applicable.

Credit

default

swaps

are

“marked-to-market”

daily

basis

reflect

the

value

the

swap

agreement

the

end

each

trading

day

and

are

recognized

unrealized

appreciation

(depreciation)

the

Statement

Operations.

Credit

default

swaps

can

settled

either

directly

with

the

counterparty

(“OTC”)

through

central

clearinghouse

(“centrally

cleared”).

For

OTC

swaps,

the

daily

change

the

market

value

the

swap

contract,

along

with

any

daily

interest

fees

accrued,

are

recognized

unrealized

appreciation

(depreciation)

credit

default

swaps

the

Statement

Assets

and

Liabilities.

Upon

the

execution

centrally

cleared

swap,

Fund

obligated

deposit

cash

eligible

securities,

also

known

“initial

margin,”

into

account

its

clearing

broker

equal

specified

percentage

the

contract

amount.

Securities

deposited

for

initial

margin,

any,

are

identified

the

Portfolio

Investments

and

cash

deposited

for

initial

margin,

any,

reflected

the

Statement

Assets

and

Liabilities.

The

Fund

and

the

clearing

broker

are

obligated

settle

monies

daily

basis

representing

the

changes

the

value

the

swap

contracts.

These

daily

cash

settlements

are

known

“variation

margin”

and

recognized

the

Statement

Assets

and

Liabilities

receivable

payable

for

variation

margin

credit

default

swaps.

The

difference

between

the

value

the

security

received

(delivered)

and

the

notional

amount

delivered

(received)

well

payments

received

made

result

credit

event

termination

contract

are

recognized

realized

gains

losses

the

Statement

Operations.

The

maximum

potential

amount

future

payments

the

Fund

could

incur

buyer

seller

protection

credit

default

swap

contract

limited

the

notional

amount

the

contract.

The

maximum

potential

amount

would

offset

the

recovery

value,

any,

the

respective

referenced

entity.

The

average

notional

amount

credit

default

swap

contracts

outstanding

during

the

current

fiscal

period

was

follows:

Fund

Non-U.S.

Government

Purchases

U.S.

Government

Purchases

Non-U.S.

Government

Sales

and

Maturities

U.S.

Government

Sales

Credit

Income

106,984,890

3,328,465

103,183,233

4,231,740

Flexible

Income

428,055,147

—

582,853,440

—

Floating

Rate

Income

820,736,038

—

374,000,425

—

High

Yield

Income

1,211,063,529

—

1,047,101,865

—

Preferred

Securities

and

Income

1,334,597,012

—

951,083,766

9,643,725

Strategic

Income

378,558,160

290,431,628

264,659,424

186,629,645

Fund

Average

Notional

Amount

Credit

Default

Swaps

Outstanding*

Strategic

Income

2,686,000

The

average

notional

amount

calculated

based

the

absolute

aggregate

notional

amount

contracts

outstanding

the

beginning

the

current

fiscal

period

and

the

end

each

fiscal

quarter

within

the

current

fiscal

period.

103

Futures

Contracts:

During

the

current

fiscal

period,

Credit

Income

and

Preferred

Securities

and

Income

used

U.S.

Treasury

futures

part

their

overall

portfolio

construction

strategy

manage

portfolio

duration

and

yield

curve

exposure.

Strategic

Income

used

U.S.

Treasury

futures

and

Secured

Overnight

Financing

Rate

futures

part

overall

portfolio

construction

strategy

manage

portfolio

duration

and

yield

curve

exposure.

futures

contract

agreement

between

two

parties

buy

and

sell

financial

instrument

for

set

price

future

date.

Upon

execution

futures

contract,

the

Fund

obligated

deposit

cash

eligible

securities,

also

known

“initial

margin,”

into

account

its

clearing

broker

equal

specified

percentage

the

contract

amount.

Securities

deposited

for

initial

margin,

any,

are

identified

the

Portfolio

Investments

and

cash

deposited

for

initial

margin,

any,

reflected

the

Statement

Assets

and

Liabilities.

During

the

period

the

futures

contract

open,

changes

the

market

value

the

contract

are

recognized

unrealized

gain

loss

“marking-

to-market”

daily

basis.

The

Fund

and

the

clearing

broker

are

obligated

settle

monies

daily

basis

representing

the

changes

the

value

the

contracts.

These

daily

cash

settlements

are

known

“variation

margin”

and

recognized

the

Statement

Assets

and

Liabilities

receivable

payable

for

variation

margin

futures

contracts.

When

the

contract

closed

expired,

the

Fund

records

realized

gain

loss

equal

the

difference

between

the

value

the

contract

the

closing

date

and

value

the

contract

when

originally

entered

into.

The

net

realized

gain

loss

and

the

change

unrealized

appreciation

(depreciation)

futures

contracts

held

during

the

period

included

the

Statement

Operations.

Risks

investments

futures

contracts

include

the

possible

adverse

movement

the

price

the

securities

indices

underlying

the

contracts,

the

possibility

that

there

may

not

liquid

secondary

market

for

the

contracts

and/or

that

change

the

value

the

contract

may

not

correlate

with

change

the

value

the

underlying

securities

indices.

The

average

notional

amount

futures

contracts

outstanding

during

the

current

fiscal

period

was

follows:

of the

end

the

reporting

period,

the

following

Funds

have

invested

derivative

contracts

which

are

reflected

the

Statement

Assets

and

Liabilities

follows:

During

the

current

fiscal

period,

the

effect

derivative

contracts

the

Funds'

Statement

Operations

was

follows:

Fund

Average

Notional

Amount

Futures

Contracts

Outstanding

Credit

Income

5,761,127

Preferred

Securities

and

Income

456,699,906

Strategic

Income

157,592,663

The

average

notional

amount

calculated

based

the

absolute

aggregate

notional

amount

contracts

outstanding

the

beginning

the

current

fiscal

period

and

the

end

each

fiscal

quarter

within

the

current

fiscal

period.

Asset

Derivatives

Liability

Derivatives

Derivative

Instrument

Risk

Exposure

Location

Value

Location

Value

Credit

Income

Futures

Contracts

Interest

rate

–

Unrealized

depreciation

futures

contracts

(18,872)

Preferred

Securities

and

Income

Futures

Contracts

Interest

rate

–

Unrealized

depreciation

futures

contracts

(4,746,562)

Strategic

Income

Futures

Contracts

Interest

rate

–

Unrealized

depreciation

futures

contracts

(597,726)

The

fair

value

presented

includes

cumulative

gain

(loss)

open

futures

contracts;

however,

the

value

reflected

the

accompanying

Statements

Assets

and

Liabilities

only

the

receivable

payable

for

variation

margin

open

futures

contracts.

104

Notes

Financial

Statements

(continued)

Market

and

Counterparty

Credit

Risk:

the

normal

course

business

each

Fund

may

invest

financial

instruments

and

enter

into

financial

transactions

where

risk

potential

loss

exists

due

changes

the

market

(market

risk)

failure

the

other

party

the

transaction

perform

(counterparty

credit

risk).

The

potential

loss

could

exceed

the

value

the

financial

assets

recorded

the

financial

statements.

Financial

assets,

which

potentially

expose

each

Fund

counterparty

credit

risk,

consist

principally

cash

due

from

counterparties

forward,

option

and

swap

transactions,

when

applicable.

The

extent

each

Fund’s

exposure

counterparty

credit

risk

respect

these

financial

assets

approximates

their

carrying

value

recorded

the

Statement

Assets

and

Liabilities.

Each

Fund

helps

manage

counterparty

credit

risk

entering

into

agreements

only

with

counterparties

the

Adviser

believes

have

the

financial

resources

honor

their

obligations

and

having

the

Adviser

monitor

the

financial

stability

the

counterparties.

Additionally,

counterparties

may

required

pledge

collateral

daily

(based

the

daily

valuation

the

financial

asset)

behalf

each

Fund

with

value

approximately

equal

the

amount

any

unrealized

gain

above

pre-determined

threshold.

Reciprocally,

when

each

Fund

has

unrealized

loss,

the

Funds

have

instructed

the

custodian

pledge

assets

the

Funds

collateral

with

value

approximately

equal

the

amount

the

unrealized

loss

above

pre-determined

threshold.

Collateral

pledges

are

monitored

and

subsequently

adjusted

and

when

the

valuations

fluctuate,

either

down,

least

the

pre-determined

threshold

amount.

Fund

Transactions

in Fund

during

the

current

and

prior

fiscal

period

were

follows:

Derivative

Instrument

Risk

Exposure

Net

Realized

Gain

(Loss)

Change

Unrealized

Appreciation

(Depreciation)

Credit

Income

Futures

contracts

Interest

rate

74,419

(51,979)

Swap

contracts

Credit

(3,010)

–

High

Yield

Income

Swap

contracts

Credit

(189,617)

–

Preferred

Securities

and

Income

Futures

contracts

Interest

rate

15,136,940

(8,383,206)

Swap

contracts

Credit

(3,239)

–

Strategic

Income

Futures

contracts

Interest

rate

3,110,856

(2,180,445)

Swap

contracts

Credit

(131,004)

8,801

Year

Ended

8/31/24

Year

Ended

8/31/23

Credit

Income

Amount

Subscriptions:

Class

1,005,007

$6,519,904

1,370,390

$8,579,477

Class

automatic

conversion

Class

—

5,173

33,123

Class

286,559

1,876,863

111,973

701,054

Class

4,453,741

29,156,239

3,652,971

23,087,267

Total

subscriptions

5,745,307

37,553,006

5,140,507

32,400,921

Reinvestments

distributions:

Class

548,517

3,577,714

485,164

3,040,133

Class

65,812

428,835

70,748

442,277

Class

347,875

2,274,671

271,994

1,708,677

Total

reinvestments

distributions

962,204

6,281,220

827,906

5,191,087

Redemptions:

Class

(1,882,772)

(12,236,169)

(2,545,540)

(15,914,334)

Class

(392,831)

(2,515,846)

(596,846)

(3,732,804)

Class

automatic

conversion

Class

—

(5,181)

(33,123)

Class

(4,022,296)

(26,419,249)

(9,288,768)

(58,670,054)

Total

redemptions

(6,297,899)

(41,171,264)

(12,436,335)

(78,350,315)

Net

increase

(decrease)

409,612

$2,662,962

(6,467,922)

$(40,758,307)

105

Year

Ended

8/31/24

Year

Ended

8/31/23

Flexible

Income

Amount

Subscriptions:

Class

1,643,955

$30,114,555

1,706,679

$31,349,496

Class

automatic

conversion

Class

—

1,046

19,618

Class

239,413

4,361,603

317,690

5,802,152

Class

80,253

1,494,087

161,770

3,000,041

Class

7,704,152

141,092,702

8,372,559

153,839,349

Total

subscriptions

9,667,773

177,062,947

10,559,744

194,010,656

Reinvestments

distributions:

Class

508,790

9,335,948

737,515

13,435,614

Class

320,049

5,854,348

555,755

10,105,771

Class

16,267

300,515

21,957

402,805

Class

2,145,669

39,397,421

3,289,392

60,008,026

Total

reinvestments

distributions

2,990,775

54,888,232

4,604,619

83,952,216

Redemptions:

Class

(3,109,442)

(57,094,029)

(4,107,005)

(75,027,114)

Class

(2,572,608)

(47,029,811)

(3,588,303)

(65,413,807)

Class

automatic

conversion

Class

—

(1,049)

(19,618)

Class

(168,219)

(3,120,359)

(138,926)

(2,537,973)

Class

(17,780,482)

(325,690,299)

(20,600,315)

(376,416,777)

Total

redemptions

(23,630,751)

(432,934,498)

(28,435,598)

(519,415,289)

Net

increase

(decrease)

(10,972,203)

$(200,983,319)

(13,271,235)

$(241,452,417)

Year

Ended

8/31/24

Year

Ended

8/31/23

Floating

Rate

Income

Amount

Subscriptions:

Class

4,320,216

$78,241,393

4,935,777

$88,150,892

Class

automatic

conversion

Class

—

955

17,227

Class

866,417

15,665,769

920,194

16,424,166

Class

2,637,769

48,074,593

7,384,785

132,794,656

Class

24,155,645

437,300,316

43,921,591

785,855,057

Total

subscriptions

31,980,047

579,282,071

57,163,302

1,023,241,998

Reinvestments

distributions:

Class

847,038

15,327,337

808,522

14,447,309

Class

205,154

3,711,737

179,871

3,214,227

Class

1,288,693

23,442,662

1,050,745

18,881,703

Class

4,669,808

84,580,980

5,458,413

97,616,285

Total

reinvestments

distributions

7,010,693

127,062,716

7,497,551

134,159,524

Redemptions:

Class

(4,905,544)

(88,824,423)

(7,988,339)

(142,677,896)

Class

(899,744)

(16,279,194)

(1,467,210)

(26,242,212)

Class

automatic

conversion

Class

—

(955)

(17,227)

Class

(3,909,927)

(71,086,773)

(5,911,638)

(106,159,588)

Class

(31,134,250)

(563,057,888)

(91,948,013)

(1,645,218,999)

Total

redemptions

(40,849,465)

(739,248,278)

(107,316,155)

(1,920,315,922)

Net

increase

(decrease)

(1,858,725)

$(32,903,491)

(42,655,302)

$(762,914,400)

106

Notes

Financial

Statements

(continued)

Year

Ended

8/31/24

Year

Ended

8/31/23

High

Yield

Income

Amount

Subscriptions:

Class

857,944

$14,907,105

1,101,080

$18,529,001

Class

automatic

conversion

Class

—

4,604

78,366

Class

174,300

3,048,284

112,200

1,901,886

Class

1,367,256

24,200,012

622,447

10,602,953

Class

8,610,554

150,932,074

5,289,557

89,825,836

Total

subscriptions

11,010,054

193,087,475

7,129,888

120,938,042

Reinvestments

distributions:

Class

204,050

3,559,325

169,005

2,860,784

Class

44,340

771,832

47,214

798,080

Class

77,777

1,364,179

57,719

984,086

Class

2,080,633

36,372,422

1,537,928

26,062,061

Total

reinvestments

distributions

2,406,800

42,067,758

1,811,866

30,705,011

Redemptions:

Class

(707,349)

(12,305,477)

(1,332,088)

(22,518,387)

Class

(340,706)

(5,902,383)

(432,634)

(7,318,769)

Class

automatic

conversion

Class

—

(4,606)

(78,366)

Class

(1,525,650)

(27,000,153)

(100,134)

(1,708,537)

Class

(3,688,741)

(64,484,312)

(8,620,066)

(146,062,473)

Total

redemptions

(6,262,446)

(109,692,325)

(10,489,528)

(177,686,532)

Net

increase

(decrease)

7,154,408

$125,462,908

(1,547,774)

$(26,043,479)

Year

Ended

8/31/24

Year

Ended

8/31/23

Preferred

Securities

and

Income

Amount

Subscriptions:

Class

7,990,278

$119,278,069

12,796,453

$188,583,674

Class

automatic

conversion

Class

—

3,017

43,887

Class

1,389,023

20,933,804

1,533,926

22,800,243

Class

14,390,444

217,467,311

27,724,386

416,611,712

Class

91,622,434

1,372,309,904

144,763,277

2,136,219,918

Total

subscriptions

115,392,179

1,729,989,088

186,821,059

2,764,259,434

Reinvestments

distributions:

Class

1,538,769

23,059,470

1,671,481

24,616,833

Class

425,606

6,379,598

517,364

7,628,127

Class

1,906,821

28,684,996

3,355,213

49,841,637

Class

11,520,586

173,007,735

11,351,488

167,179,149

Total

reinvestments

distributions

15,391,782

231,131,799

16,895,546

249,265,746

Redemptions:

Class

(12,999,657)

(193,881,884)

(18,304,616)

(270,158,643)

Class

(3,554,566)

(52,902,714)

(3,882,640)

(57,185,264)

Class

automatic

conversion

Class

—

(3,014)

(43,887)

Class

(14,356,646)

(214,357,113)

(60,160,199)

(877,477,005)

Class

(92,906,073)

(1,370,755,378)

(148,884,728)

(2,185,516,191)

Total

redemptions

(123,816,942)

(1,831,897,089)

(231,235,197)

(3,390,380,990)

Net

increase

(decrease)

6,967,019

$129,223,798

(27,518,592)

$(376,855,810)

107

Income

Tax

Information

Each

Fund

separate

taxpayer

for

federal

income

tax

purposes.

Each

Fund

intends

distribute

substantially

all

its

net

investment

income

and

net

capital

gains

shareholders

and

otherwise

comply

with

the

requirements

Subchapter

the

Internal

Revenue

Code

applicable

regulated

investment

companies.

Therefore,

federal

income

tax

provision

required.

Each

Fund

files

income

tax

returns

U.S.

federal

and

applicable

state

and

local

jurisdictions.

Fund's

federal

income

tax

returns

are

generally

subject

examination

for

period

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

subject

examination

for

additional

period

time

depending

the

jurisdiction.

Management

has

analyzed

each

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

provision

for

income

tax

required

the

Fund's

financial

statements.

Each

Fund

files

income

tax

returns

U.S.

federal

and

applicable

state

and

local

jurisdictions.

Fund's

federal

income

tax

returns

are

generally

subject

examination

for

period

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

subject

examination

for

additional

period

time

depending

the

jurisdiction.

Management

has

analyzed

each

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

provision

for

income

tax

required

the

Fund's

financial

statements.

Differences

between

amounts

for

financial

statement

and

federal

income

tax

purposes

are

primarily

due

timing

differences

recognizing

gains

and

losses

investment

transactions.

Temporary

differences

not

require

reclassification.

year

end,

permanent

differences

that

resulted

reclassifications

among

the

components

net

assets

relate

primarily

bond

premium

amortization

adjustments,

complex

securities

character

adjustments,

foreign

currency

transactions,

paydowns,

return

capital

and

long-term

capital

gain

distributions

received

from

portfolio

investments,

and

treatment

notional

principal

contracts.

Temporary

and

permanent

differences

have

impact

Fund's

net

assets.

year

end,

the

aggregate

cost

and

the

net

unrealized

appreciation/(depreciation)

all

investments

for

federal

income

tax

purposes

were

follows:

For

purposes

this

disclosure,

tax

cost

generally

includes

the

cost

portfolio

investments

well

up-front

fees

premiums

exchanged

derivatives

and

any

amounts

unrealized

for

income

statement

reporting

but

realized

income

and/or

capital

gains

for

tax

reporting,

applicable.

year

end,

the

components

accumulated

earnings

tax

basis

were

follows:

Year

Ended

8/31/24

Year

Ended

8/31/23

Strategic

Income

Amount

Subscriptions:

Class

4,613,405

$44,145,230

4,634,136

$44,339,678

Class

automatic

conversion

Class

—

Class

623,523

6,041,600

364,973

3,469,766

Class

2,861,144

27,833,777

2,391,890

22,945,159

Class

26,871,228

261,549,643

15,578,755

149,570,052

Total

subscriptions

34,969,300

339,570,250

22,969,759

220,324,700

Reinvestments

distributions:

Class

722,846

7,004,281

484,545

4,636,473

Class

66,046

636,587

61,553

585,373

Class

1,608,071

15,634,485

1,305,476

12,534,248

Class

1,964,364

19,049,927

1,269,098

12,139,826

Total

reinvestments

distributions

4,361,327

42,325,280

3,120,672

29,895,920

Redemptions:

Class

(3,170,921)

(30,716,414)

(3,623,865)

(34,666,204)

Class

(573,143)

(5,490,942)

(952,024)

(9,034,404)

Class

automatic

conversion

Class

—

(5)

(45)

Class

(2,395,241)

(23,289,883)

(2,765,959)

(26,696,572)

Class

(14,844,018)

(143,368,534)

(16,231,691)

(155,061,613)

Total

redemptions

(20,983,323)

(202,865,773)

(23,573,544)

(225,458,838)

Net

increase

(decrease)

18,347,304

$179,029,757

2,516,887

$24,761,782

Fund

Tax

Cost

Gross

Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

Credit

Income

91,625,589

2,662,983

(3,047,751)

(384,768)

Flexible

Income

1,071,861,373

33,674,399

(53,814,113)

(20,139,714)

Floating

Rate

Income

1,563,536,969

29,217,569

(48,967,677)

(19,750,108)

High

Yield

Income

680,820,471

18,124,531

(6,356,171)

11,768,360

Preferred

Securities

and

Income

4,965,377,451

131,466,913

(292,209,485)

(160,742,572)

Strategic

Income

958,971,475

16,449,625

(36,440,575)

(19,990,950)

108

Notes

Financial

Statements

(continued)

The

tax

character

distributions

paid

was

follows:

year

end,

the

Funds

had

capital

loss

carryforwards,

which

will

not

expire:

year

end,

the

Funds

utilized

the

following

capital

loss

carryforwards:

Management

Fees

and

Other

Transactions

with

Affiliates

Management

Fees:

Each

Fund’s

management

fee

compensates

the

Adviser

for

the

overall

investment

advisory

and

administrative

services

and

general

office

facilities.

The

Sub-Adviser

compensated

for

its

services

the

Funds

from

the

management

fees

paid

the

Adviser.

Each

Fund’s

management

fee

consists

two

components

–

fund-level

fee,

based

only

the

amount

assets

within

each

individual

Fund,

and

complex-level

fee,

based

the

aggregate

amount

all

eligible

fund

assets

managed

the

Adviser.

This

pricing

structure

enables

each

Fund’s

shareholders

benefit

from

growth

the

assets

within

their

respective

Fund

well

from

growth

the

amount

complex-wide

assets

managed

the

Adviser.

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital

Gains

Unrealized

Appreciation

(Depreciation)

Capital

Loss

Carryforwards

Late-Year

Loss

Deferrals

Other

Book-to-Tax

Differences

Total

Credit

Income

1,876,565

—

(384,768)

(140,154,157)

—

(612,366)

(139,274,726)

Flexible

Income

—

(20,139,714)

(212,929,007)

(23,132,980)

(4,282,888)

(260,484,589)

Floating

Rate

Income

6,542,405

—

(19,750,108)

(284,363,143)

—

(11,419,795)

(308,990,641)

High

Yield

Income

5,762,596

—

11,768,329

(220,506,365)

—

(4,065,244)

(207,040,684)

Preferred

Securities

and

Income

10,002,262

—

(160,742,572)

(436,532,560)

—

(23,061,044)

(610,333,914)

Strategic

Income

7,701,108

—

(19,990,950)

(91,194,814)

—

(4,964,324)

(108,448,980)

8/31/24

8/31/23

Fund

Ordinary

Income

Long-Term

Capital

Gains

Return

Capital

Ordinary

Income

Long-Term

Capital

Gains

Return

Capital

Credit

Income

6,575,529

—

5,554,037

—

Flexible

Income

38,740,539

—

18,741,715

86,489,175

—

Floating

Rate

Income

142,547,229

—

150,994,814

—

High

Yield

Income

43,411,757

—

31,679,810

—

Preferred

Securities

and

Income

263,987,285

—

281,057,134

—

Strategic

Income

48,040,996

—

35,062,637

—

Fund

Short-Term

Long-Term

Total

Credit

Income

46,863,731

93,290,426

140,154,157

Flexible

Income

79,805,787

133,123,220

212,929,007

Floating

Rate

Income

67,754,876

216,608,267

284,363,143

High

Yield

Income

28,577,504

191,928,861

220,506,365

Preferred

Securities

and

Income

108,964,664

327,567,896

436,532,560

Strategic

Income

34,458,557

56,736,257

91,194,814

Fund

Utilized

Credit

Income

—

Flexible

Income

—

Floating

Rate

Income

—

High

Yield

Income

5,175,476

Preferred

Securities

and

Income

—

Strategic

Income

—

109

Annual

fund-level

fee,

payable

monthly,

for

each

Fund

was

calculated

according

the

following

schedule:

For

the

period

September

2023

through

April

30,

2024,

the

annual

complex-level

fee,

payable

monthly,

for

each

Fund

was

determined

taking

the

complex-level

fee

rate,

which

based

the

aggregate

amount

“eligible

assets”

all

Nuveen

funds

set

forth

the

schedule

below,

and

for

Credit

Income

and

Strategic

Income,

making,

appropriate,

upward

adjustment

that

rate

based

upon

the

percentage

the

particular

fund’s

assets

that

are

not

“eligible

assets.”

The

complex-level

fee

schedule

for

each

Fund

follows:

The

complex-level

fee

calculated

based

upon

the

aggregate

daily

“eligible

assets”

all

Nuveen

open-end

and

closed-end

funds.

Eligible

assets

not

include

assets

attributable

investments

other

Nuveen

funds

assets

excess

determined

amount

(originally

billion)

added

the

Nuveen

fund

complex

connection

with

the

Adviser’s

assumption

the

management

the

former

First

American

Funds

effective

January

2011,

but

include

certain

assets

certain

Nuveen

funds

that

were

reorganized

into

funds

advised

affiliate

the

Adviser

during

the

2019

calendar

year.

Eligible

assets

include

closed-end

fund

assets

managed

the

Adviser

that

are

attributable

certain

types

leverage.

For

these

purposes,

leverage

includes

the

closed-end

funds’

use

preferred

stock

and

borrowings

and

certain

investments

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

tender

option

bond

(TOB)

trusts,

including

the

portion

assets

held

TOB

trust

that

has

been

effectively

financed

the

trust’s

issuance

floating

rate

securities,

subject

agreement

the

Adviser

certain

funds

limit

the

amount

such

assets

for

determining

eligible

assets

certain

circumstances.

Effective

May

2024

the

annual

complex-level

fee,

payable

monthly,

for

each

Fund

calculated

according

the

following

schedule:

The

complex-level

fee

calculated

based

upon

the

aggregate

daily

“eligible

assets”

all

Nuveen-branded

closed-end

funds

and

Nuveen

branded

open-end

funds

(“Nuveen

Mutual

Funds”).

Except

described

below,

eligible

assets

include

the

assets

all

Nuveen-branded

closed-end

funds

and

Nuveen

Mutual

Funds

organized

the

United

States.

Eligible

assets

not

include

the

net

assets

of:

Nuveen

fund-of-funds,

Nuveen

money

market

funds,

Nuveen

index

funds,

Nuveen

Large

Cap

Responsible

Equity

Fund

Nuveen

Life

Large

Cap

Responsible

Equity

Fund.

addition,

eligible

assets

include

fixed

percentage

the

aggregate

net

assets

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

the

Adviser’s

affiliate,

Teachers

Advisors,

LLC

(except

those

identified

above).

The

fixed

percentage

will

increase

annually

until

May

2033,

which

time

eligible

assets

will

include

all

the

aggregate

net

assets

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

Teachers

Advisors,

LLC

(except

those

identified

above).

Eligible

assets

include

closed-end

fund

assets

managed

the

Adviser

that

are

attributable

financial

leverage.

For

these

purposes,

financial

leverage

includes

the

closed-end

funds’

use

preferred

stock

and

borrowings

and

certain

investments

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

tender

option

bond

(TOB)

trusts,

including

the

portion

assets

held

TOB

trust

that

has

been

effectively

financed

the

trust’s

issuance

floating

rate

securities,

subject

agreement

the

Adviser

certain

funds

limit

the

amount

such

assets

for

determining

eligible

assets

Average

Daily

Net

Assets

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

Preferred

Securities

and

Income

Strategic

Income

For

the

first

$125

million

0.4000

0.5500

0.4500

0.5500

0.3600

For

the

$125

million

0.3875

0.5375

0.4375

0.5375

0.3475

For

the

$250

million

0.3750

0.5250

0.4250

0.5250

0.3350

For

the

$500

million

0.3625

0.5125

0.4125

0.5125

0.3225

For

the

billion

0.3500

0.5000

0.4000

0.5000

0.3100

For

the

billion

0.3250

0.4750

0.3750

0.4750

0.2850

For

the

billion

0.3000

0.4500

0.3500

0.4500

0.2600

For

net

assets

over

$10

billion

0.2875

0.4375

0.3375

0.4375

0.2475

Complex-Level

Eligible

Asset

Breakpoint

Level*

Effective

Complex-Level

Fee

Rate

Breakpoint

Level

$55

billion

0.2000

$56

billion

0.1996

$57

billion

0.1989

$60

billion

0.1961

$63

billion

0.1931

$66

billion

0.1900

$71

billion

0.1851

$76

billion

0.1806

$80

billion

0.1773

$91

billion

0.1691

$125

billion

0.1599

$200

billion

0.1505

$250

billion

0.1469

$300

billion

0.1445

Complex-Level

Asset

Breakpoint

Level*

Complex-Level

Fee

For

the

first

$124.3

billion

0.1600

For

the

$75.7

billion

0.1350

For

the

$200

billion

0.1325

For

eligible

assets

over

$400

billion

0.1300

110

Notes

Financial

Statements

(continued)

certain

circumstances.

August

31,

2024,

the

complex-level

fee

rate

for

the

Fund

was

follows:

The

Adviser

has

agreed

waive

fees

and/or

reimburse

expenses

(“Expense

Cap”)

the

Funds

that

the

total

annual

Fund

operating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

acquiring

and

disposing

portfolio

securities

and

extraordinary

expenses)

not

exceed

the

average

daily

net

assets

any

class

Fund

the

amounts

and

for

the

time

periods

stated

the

following

table.

However,

because

Class

are

not

subject

sub-transfer

agent

and

similar

fees,

the

total

annual

fund

operating

expense

for

the

Class

will

less

than

the

expense

limitation.

The

temporary

expense

limitations

may

terminated

modified

prior

expiration

date

only

with

the

approval

the

Board.

The

expense

limitations

effect

thereafter

may

terminated

modified

only

with

the

approval

shareholders

each

Fund.

Distribution

and

Service

Fees:

Each

Fund

has

adopted

distribution

and

service

plan

under

rule

12b-1

under

the

1940

Act.

Class

incur

0.25%

annual

12b-1

service

fee.

Class

incur

0.75%

annual

12b-1

distribution

fee

and

0.25%

annual

12b-1

service

fee.

Class

and

Class

are

not

subject

12b-1

distribution

service

fees.

The

fees

under

this

plan

compensate

Nuveen

Securities,

LLC,

(the

“Distributor”),

wholly-owned

subsidiary

Nuveen,

for

services

provided

and

expenses

incurred

distributing

the

Funds

and

establishing

and

maintaining

shareholder

accounts.

Other

Transactions

with

Affiliates:

The

Funds

receive

voluntary

compensation

from

the

Adviser

amounts

that

approximate

the

cost

research

services

obtained

from

broker-dealers

and

research

providers

the

Adviser

had

purchased

the

research

services

directly.

This

income

received

the

Funds

recognized

"Affiliated

income"

the

Statement

Operations

and

any

amounts

due

the Funds

the

end

the

reporting

period

recognized

"Reimbursement

from

Adviser"

the

Statement

Assets

and Liabilities. During

the

current

fiscal

period,

the

values

voluntary

compensation

were

follows:

During

the

current

fiscal

period,

the

Distributor,

collected

sales

charges

purchases

Class

Shares,

the

majority

which

were

paid

out

concessions

financial

intermediaries

follows:

Fund

Complex-Level

Fee

Credit

Income

.1570%

Flexible

Income

.1570%

Floating

Rate

Income

.1570%

High

Yield

Income

.1570%

Preferred

Securities

and

Income

.1570%

Strategic

Income

.1570%

Fund

Temporary

Expense

Cap

Temporary

Expense

Cap

Expiration

Date

Permanent

Expense

Cap

Credit

Income

0.75%

July

31,

2026

N/A

Flexible

Income

0.75%

July

31,

2026

1.25%

Floating

Rate

Income

0.85%

July

31,

2026

1.10%

High

Yield

Income

0.79%

July

31,

2026

1.35%

Preferred

Securities

and

Income

N/A

1.25%

Strategic

Income

0.59%

July

31,

2026

N/A

Not

Applicable.

Fund

Amount

Credit

Income

—

Flexible

Income

18,321

Floating

Rate

Income

—

High

Yield

Income

—

Preferred

Securities

and

Income

—

Strategic

Income

—

111

The

Distributor

also

received

12b-1

service

fees

Class

Shares,

substantially

all

which

were

paid

compensate

financial

intermediaries

for

providing

services

shareholders

relating

their

investments.

During

the

current

fiscal

period,

the

Distributor

compensated

financial

intermediaries

directly

with

commission

advances

the

time

purchase

follows:

compensate

for

commissions

advanced

financial

intermediaries,

all

12b-1

service

and

distribution

fees

collected

Class

during

the

first

year

following

purchase

are

retained

the

Distributor.

During

the

current

fiscal

period,

the

Distributor

retained

such

12b-1

fees

follows:

The

remaining

12b-1

fees

charged

each

Fund

were

paid

compensate

financial

intermediaries

for

providing

services

shareholders

relating

their

investments.

The

Distributor

also

collected

and

retained

CDSC

redemptions

during

the

current

fiscal

period,

follows:

the

end

the

reporting

period,

the

percentage

Fund

owned

Nuveen

were

follows:

Fund

Sales

Charges

Collected

(Unaudited)

Paid

Financial

Intermediaries

(Unaudited)

Credit

Income

28,971

25,512

Flexible

Income

98,876

88,426

Floating

Rate

Income

176,360

160,798

High

Yield

Income

83,325

74,262

Preferred

Securities

and

Income

496,167

452,721

Strategic

Income

541,241

476,119

Fund

Commission

Advances

(Unaudited)

Credit

Income

16,286

Flexible

Income

43,934

Floating

Rate

Income

201,198

High

Yield

Income

33,296

Preferred

Securities

and

Income

304,479

Strategic

Income

51,865

Fund

12b-1

Fees

Retained

(Unaudited)

Credit

Income

7,823

Flexible

Income

37,932

Floating

Rate

Income

65,353

High

Yield

Income

10,147

Preferred

Securities

and

Income

135,231

Strategic

Income

13,253

Fund

CDSC

Retained

(Unaudited)

Credit

Income

1,486

Flexible

Income

10,855

Floating

Rate

Income

20,103

High

Yield

Income

925

Preferred

Securities

and

Income

16,485

Strategic

Income

7,253

112

Notes

Financial

Statements

(continued)

Borrowing

Arrangements

Committed

Line

Credit:

The

Funds,

along

with

certain

other

funds

managed

the

Adviser

(“Participating

Funds”),

have

established

364-day,

$2.700

billion

standby

credit

facility

with

group

lenders,

under

which

the

Participating

Funds

may

borrow

for

temporary

purposes

(other

than

on-

going

leveraging

for

investment

purposes).

Each

Participating

Fund

allocated

designated

proportion

the

facility’s

capacity

(and

its

associated

costs,

described

below)

based

upon

multi-factor

assessment

the

likelihood

and

frequency

its

need

draw

the

facility,

the

size

the

Fund

and

its

anticipated

draws,

and

the

potential

importance

such

draws

the

operations

and

well-being

the

Fund,

relative

those

the

other

Funds.

Fund

may

effect

draws

the

facility

excess

its

designated

capacity

and

the

extent

that

other

Participating

Funds

have

undrawn

capacity.

The

credit

facility

expires

June

2025

unless

extended

renewed.

The

credit

facility

has

the

following

terms:

0.15%

per

annum

unused

commitment

amounts

and

drawn

interest

rate

equal

the

higher

(a)

OBFR

(Overnight

Bank

Funding

Rate)

plus

1.20%

per

annum

(b)

the

Fed

Funds

Effective

Rate

plus

1.20%

per

annum

amounts

borrowed. The

Participating

Funds

also

incurred

0.05%

upfront

fee

the

increased

commitments

from

select

lenders.

Interest

expense

incurred

the

Participating

Funds,

when

applicable,

recognized

component

“Interest

expense”

the

Statement

Operations.

Participating

Funds

paid

administration,

legal

and

arrangement

fees,

which

are

recognized

component

“Interest

expense”

the

Statement

Operations,

and

along

with

commitment

fees,

have

been

allocated

among

such

Participating

Funds

based

upon

the

relative

proportions

the

facility’s

aggregate

capacity

reserved

for

them

and

other

factors

deemed

relevant

the

Adviser

and

the

Board

each

Participating

Fund.

During

the

current

fiscal

period,

the

following

Fund

utilized

this

facility.

The

Fund’s

maximum

outstanding

balance

during

the

utilization

period

was

follows:

During

each

Fund’s

utilization

period(s)

during

the

current

fiscal

period,

the

average

daily

balance

outstanding

and

average

annual

interest

rate

the

Borrowings

were

follows:

Borrowings

outstanding

the

end

the

reporting

period,

any,

are

recognized

“Borrowings”

the

Statement

Assets

and

Liabilities.

Fund

Nuveen

Owned

Flexible

Income

-%*

Floating

Rate

Income

-%*

*Rounds

less

than

1%.

Fund

Maximum

Outstanding

Balance

Credit

Income

114,110

Flexible

Income

—

Floating

Rate

Income

10,800,000

High

Yield

Income

996,784

Preferred

Securities

and

Income

58,000,000

Strategic

Income

—

Fund

Utilization

Period

(Days

Outstanding)

Average

Daily

Balance

Outstanding

Average

Annual

Interest

Rate

Credit

Income

114,110

6.53

Flexible

Income

—

Floating

Rate

Income

9,041,941

6.53

High

Yield

Income

996,784

6.53

Preferred

Securities

and

Income

35,512,314

6.53

Strategic

Income

—

113

10.

Subsequent

Events

Sale

Vistra

Vision

interests:

disclosed

the

Portfolio

Investments,

September

18,

2024,

Vistra

Corp.

(“Vistra”)

and

Nuveen

agreed

terms

for

the

sale

the

Vistra

Vision

interest.

exchange

for

its

membership

Vistra

Vision,

Floating

Rate

Income

and

High

Yield

Income

will

receive

$7,038,728

and

$2,372,557,

respectively,

over

series

payments

from

Vistra

through

December

31,

2026.

The

resulting

receivable,

net

transaction

costs,

has

been

discounted

reflect

these

future

payments.

September

18,

2024,

the

net

receivable

for

the

sale

Vistra

Vision

was

follows:

Fund

Net

receivable

for

the

sale

Vistra

Vision

Floating

Rate

Income

6,868,731

High

Yield

Income

2,315,256

114

Important

Tax

Information

(Unaudited)

required

the

Internal

Revenue

Code

and

Treasury

Regulations,

certain

tax

information,

detailed

below,

must

provided

shareholders.

Shareholders

are

advised

consult

their

tax

advisor

with

respect

the

tax

implications

their

investment.

The

amounts

listed

below

may

differ

from

the

actual

amounts

reported

Form

1099-DIV,

which

will

sent

shareholders

shortly

after

calendar

year

end.

Long-Term

Capital

Gains

year

end,

each

Fund

designates

the

following

distribution

amounts,

maximum

amount

allowable,

being

from net

long-term

capital

gains

pursuant

Section

852(b)(3)

the

Internal

Revenue

Code:

Dividends

Received

Deduction

(DRD)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

income

distributions

eligible

for

the

dividends

received

deduction

for

corporate

shareholders:

Qualified

Dividend

Income

(QDI)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

income

distributions

treated

qualified

dividend

income

for

individuals

pursuant

Section

1(h)(11)

the

Internal

Revenue

Code:

Qualified

Interest

Income

(QII)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

income

distributions

treated

qualified

interest

income

and/or

short-term

capital

gain

dividends

pursuant

Section

871(k)

the

Internal

Revenue

Code:

Fund

Net

Long-Term

Capital

Gains

Credit

Income

—

Flexible

Income

—

Floating

Rate

Income

—

High

Yield

Income

—

Preferred

Securities

and

Income

—

Strategic

Income

—

Fund

Percentage

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

–

Preferred

Securities

and

Income

Strategic

Income

Fund

Percentage

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

–

Preferred

Securities

and

Income

Strategic

Income

115

163(j)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

dividends

treated

Section

163(j)

interest

dividends

pursuant

Section

163(j)

the

Internal

Revenue

Code:

Fund

Prior

Year

End

12/31

Percentage

1/1

Current

Year

End

Percentage

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

Preferred

Securities

and

Income

Strategic

Income

Fund

Percentage

Credit

Income

Flexible

Income

Floating

Rate

Income

High

Yield

Income

Preferred

Securities

and

Income

Strategic

Income

Item 8.

Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Changes in Independent Registered Public Accounting Firm

(a) Previous independent registered public accounting firm: On October 24, 2024, the Funds’ Board of Directors/Trustees (the “Board”), upon recommendation from the Audit Committee, notified KPMG LLP (“KPMG”) that it would be dismissed as the independent registered public accounting firm for the Funds effective upon (i) completion of KPMG’s audit of the Funds’ financial statements to be included in the Funds’ Annual Report on Form N-CSR (the “2024 Annual Report”) for the fiscal year ended August 31, 2024 and (ii) the issuance of KPMG’s report on the same. KPMG’s dismissal as the Funds’ independent registered public accounting firm was effective on October 29, 2024, which is the date on which KPMG issued their report on their audit of the Funds’ financial statements to be included in the 2024 Annual Report. KPMG’s audit reports on the Funds’ financial statements as of and for the fiscal years ended August 31, 2024 and 2023 contained no adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the Funds’ fiscal years ended August 31, 2024 and 2023, and the subsequent interim period through October 29, 2024, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements if not resolved to the satisfaction of KPMG would have caused them to make reference in connection with their opinion to the subject matter of the disagreement. During the Funds’ fiscal years ended August 31, 2024 and 2023 and the subsequent interim period through October 29, 2024, there were no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)).

The Funds provided KPMG with a copy of the foregoing disclosures and requested that KPMG furnish the Funds with a letter addressed to the U.S. Securities and Exchange Commission stating whether KPMG agrees with the above statements.

(b) New independent registered public accounting firm: On October 24, 2024, the Board, upon recommendation from the Audit Committee, engaged PricewaterhouseCoopers LLP (“PwC”) as the new independent registered public accounting firm for the Funds for the fiscal year ending August 31, 2025. During the Funds’ fiscal years ended August 31, 2024 and August 31, 2023, and the subsequent interim period through October 29, 2024, the Funds have not consulted with PwC regarding any of the matters described in Regulation S-K Item 304 (“S-K 304”), S-K 304(a)(2)(i) or S-K 304(a)(2)(ii) disclosure.

Item 9.

Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

Item 10.

Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Remuneration paid to directors, officers and others is included in the Statement of Operations under the line items “Trustee Fees” and “Management Fees” as part of the financial statements filed under Item 7 of this Form N-CSR.

Item 11.

Statement Regarding Basis for Approval of Investment Advisory Contract.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract

Nuveen Credit Income Fund

Nuveen Flexible Income Fund

Nuveen Floating Rate Income Fund

Nuveen High Yield Income Fund

Nuveen Preferred Securities and Income Fund

Nuveen Strategic Income Fund

The Approval Process

At meetings held on April 18 and 19, 2024 (the “Meeting”), the Boards of Trustees of Nuveen Investment Trust III and Nuveen Investment Trust V and the Board of Directors of Nuveen Investment Funds, Inc. (collectively, the “Board” and each Trustee or Director, as applicable, a “Board Member”) approved, for each applicable fund listed above (each a “Fund”), the renewal of the investment management agreement (each an “Investment Management Agreement”) with Nuveen Fund Advisors, LLC (“NFAL”; NFAL is an “Adviser”) pursuant to which NFAL serves as investment adviser to such Fund. Similarly, for each Fund, the Board approved the renewal of the sub-advisory agreement (each a “Sub-Advisory Agreement”) with Nuveen Asset Management, LLC (the “Sub-Adviser”) pursuant to which the Sub-Adviser serves as the sub-adviser to such Fund. The Board Members are not “interested persons” (as defined under the Investment Company Act of 1940 (the “1940 Act”)) and, therefore, the Board is deemed to be comprised of all disinterested Board Members. References to the Board and the Board Members are interchangeable. Below is a summary of the annual review process the Board undertook related to its most recent renewal of each Investment Management Agreement and Sub-Advisory Agreement on behalf of the applicable Fund.

In accordance with applicable law, following up to an initial two-year period, the Board considers the renewal of each Investment Management Agreement and Sub-Advisory Agreement on behalf of the applicable Fund on an annual basis. The Investment Management Agreements and Sub- Advisory Agreements are collectively referred to as the “Advisory Agreements,” and NFAL and the Sub-Adviser are collectively, the “Fund Advisers” and each a “Fund Adviser.” In addition, the fund complex consists of the group of funds advised by NFAL (collectively referred to as the “Nuveen funds”) and the group of funds advised by Teachers Advisors, LLC (“TAL” and such funds are collectively, the “TC funds”). For clarity, NFAL serves as Adviser to the Nuveen funds, including the Funds, and TAL serves as “Adviser” to the TC funds. The Board Members considered that the prior separate boards of the TC funds and Nuveen funds were consolidated effective in January 2024. Accordingly, at the Meeting, the Board Members considered the review of the advisory agreements for the Nuveen funds as well as reviewed the investment management agreements for the TC funds. Depending on the appropriate context, references to “the Adviser” may be to NFAL with respect to the Nuveen funds and/or TAL with respect to the TC funds.

The Board Members considered the review of the advisory agreements of the Nuveen funds and the TC funds to be an ongoing process. The Board Members therefore employed the accumulated information, knowledge and experience they had gained during their tenure on the respective board of the TC funds or Nuveen funds (as the case may be) governing the applicable funds and working with the respective investment advisers and sub- advisers, as applicable, in their review of the advisory agreements for the fund complex.

During the course of the year prior to the Meeting, the Board and/or its committees received a wide variety of materials that covered a range of topics relevant to the Board’s annual consideration of the renewal of the advisory agreements, including reports on fund investment results over various periods; product initiatives for various funds; fund expenses; compliance, regulatory and risk management matters; trading practices, including soft dollar arrangements (as applicable); the liquidity and derivatives risk management programs; management of distributions; valuation of securities; payments to financial intermediaries, including 12b-1 expenses (as applicable); securities lending (as applicable); and overall market and regulatory developments. The Board also met periodically with and/or received presentations by key investment professionals managing a fund’s portfolio. In particular, at the Board meeting held on February 27-29, 2024 (the “February Meeting”), the Board and/or its Investment Committee received the annual performance review of the funds as described in further detail below. The presentations, discussions and meetings throughout the year also provide a means for the Board to evaluate and consider the level, breadth and quality of services provided by the Adviser and sub- advisers, as applicable, and how such services have changed over time in light of new or modified regulatory requirements, changes to market conditions or other factors.

In connection with its annual consideration of the advisory agreements, the Board, through its independent legal counsel, requested and received extensive materials and information prepared specifically for its review of the advisory agreements. The materials provided at the Meeting and/or prior meetings covered a wide range of matters including, but not limited to, a description of the nature, extent and quality of services provided by the Fund Advisers; the consolidation of the Nuveen fund family and TC fund family; a review of product actions advanced in 2023 for the benefit of particular funds and/or the fund complex; a review of each sub-adviser, if applicable, and/or applicable investment team; an analysis of fund performance with a focus on funds considered to have met certain challenged performance measurements; an analysis of the fees and expense ratios of the funds with a focus on funds considered to have certain expense characteristics; a list of management fee and, if applicable, sub-advisory fee schedules; a review of temporary and permanent expense caps and fee waivers for open-end funds (as applicable); a description of portfolio manager compensation; a description of the profitability and/or financial data of Nuveen, TAL and the sub-advisers; and a description of indirect benefits received by the Adviser and the sub-advisers as a result of their relationships with the funds, as applicable. The Board also considered

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract (continued)

information provided by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, comparing fee and expense levels of each respective fund to those of a peer universe and, with respect to open-end funds, also to a peer group of funds selected by Broadridge, subject to certain exceptions.

The information prepared specifically for the annual review supplemented the information provided to the Board and its committees and the evaluations of the funds by the Board and its committees during the year. The Board’s review of the advisory agreements for the fund complex is based on all the information provided to the Board and its committees over time. The performance, fee and expense data and other information provided by a Fund Adviser, Broadridge or other service providers were not independently verified by the Board Members.

As part of their review, the Board Members and independent legal counsel met by videoconference in executive session on April 10, 2024 (the “April Executive Session”) to review and discuss materials provided in connection with their annual review of the advisory agreements for the fund complex. After reviewing this information, the Board Members requested, directly or through independent legal counsel, additional information, and the Board subsequently reviewed and discussed the responses to these follow-up questions and requests.

The Board Members were advised by independent legal counsel during the annual review process as well as throughout the year, including meeting in executive sessions with such counsel at which no representatives of management were present. In connection with their annual review, the Board Members also received a memorandum from independent legal counsel outlining their fiduciary duties and legal standards in reviewing the Advisory Agreements, including guidance from court cases evaluating advisory fees.

The Board’s decisions to renew each Advisory Agreement were not based on a single identified factor, but rather each decision reflected the comprehensive consideration of all the information provided to the Board and its committees throughout the year as well as the materials prepared specifically in connection with the annual review process. The contractual arrangements may reflect the results of prior year(s) of review, negotiation and information provided in connection with the Board’s annual review of the funds’ advisory arrangements and oversight of the funds. Each Board Member may have attributed different levels of importance to the various factors and information considered in connection with the annual review process and may have placed different emphasis on the relevant information year to year in light of, among other things, changing market and economic conditions. A summary of the principal factors and information, but not all the factors, the Board considered in deciding to renew the Advisory Agreements is set forth below.

A. Nature, Extent and Quality of Services

In evaluating the renewal of the Advisory Agreements, the Board Members received and considered information regarding the nature, extent and quality of the applicable Fund Adviser’s services provided to each respective Fund with particular focus on the services and enhancements or changes to such services provided during the last year. The Board Members considered the Investment Management Agreements and the Sub-Advisory Agreements separately in the course of their review. With this approach, they considered the roles of NFAL and the Sub-Adviser in providing services to the Funds.

The Board considered that the Adviser provides a wide array of management, oversight and other services to manage and operate the applicable funds. The Board considered the Adviser’s and its affiliates’ dedication of resources, time, people and capital as well as continual program of improvement and innovation aimed at enhancing the funds and fund complex for investors and meeting the needs of an increasingly complex regulatory environment. In particular, over the past several years, the Board considered the significant resources, both financial and personnel, the Adviser and its affiliates have committed in working to consolidate the Nuveen fund family and TC fund family under one centralized umbrella. The Board considered that the organizational changes in bringing together Nuveen, its affiliates and TIAA’s (as defined below) asset management businesses, consolidating the Nuveen and TC fund families and other initiatives were anticipated to provide various benefits for the funds through, among other things, enhanced operating efficiencies, centralized investment leadership and a centralized shared resources and support model. As part of these efforts, the boards of the TC funds and Nuveen funds were consolidated effective in January 2024. In addition, in conjunction with these consolidation efforts, the Board approved at the Meeting changes to fee and breakpoint structures (as applicable) that could provide cost savings to participating funds, as described in further detail below.

The Board also reviewed information regarding other product actions undertaken or continued by management in the 2023 calendar year in seeking to improve the effectiveness of the organization, the product line-up as well as particular funds through, among other things, continuing to review and optimize the product line and gaining efficiencies through mergers and liquidations; reviewing and updating investment policies and benchmarks; implementing fee waivers and/or expense cap changes for certain funds; evaluating and adjusting portfolio management teams as appropriate for various funds; and developing policy positions on a broad range of regulatory proposals that may impact the funds and communicating with lawmakers and other regulatory authorities to help ensure these positions are considered. In its review, the Board considered that the funds operated in a highly regulated industry and the scope and complexity of the services and resources that the Adviser and its affiliates must provide to manage and operate the applicable funds have expanded over the years as a result of, among other things, regulatory, market and other developments, such as the adoption of the tailored shareholder report or the revised fund name rule.

In considering the breadth and quality of services the Adviser and its various teams provide, the Board considered that the Adviser provides investment advisory services. With respect to the Nuveen funds, such funds utilize sub-advisers to manage the portfolios of the funds subject to the supervision of NFAL. Accordingly, the Board considered that NFAL and its affiliates, among other things, oversee and review the performance of the respective sub-adviser and its investment team(s); evaluate Nuveen fund performance and market conditions; evaluate investment strategies and recommend changes thereto; set and manage distributions consistent with the respective Nuveen fund’s product design; oversee trade execution and, as applicable, securities lending; evaluate investment risks; and manage valuation matters. The Board further considered that over the course

of the 2023 calendar year, the Nuveen global public product team which supports the funds in the fund complex and their shareholders assessed the investment personnel across the investment leadership teams which resulted in additions or other modifications to the portfolio management teams of various funds. The Board also reviewed a description of the compensation structure applicable to certain portfolio managers.

In addition to the above investment advisory services, the Board further considered the extensive compliance, regulatory, administrative and other services the Adviser and its various teams or affiliates provide to manage and operate the applicable funds. Given the highly regulated industry in which the funds operate, the Board considered the breadth of the Adviser’s compliance program and related policies and procedures. The Board reviewed various initiatives the Adviser’s compliance team undertook or continued in 2023, in part, to address new regulatory requirements, support international business growth and product development, enhance international trading capabilities, enhance monitoring capabilities in light of the new regulatory requirements and guidance and maintain a comprehensive training program. The Board further considered, among other things, that other non-advisory services provided included, among other things, board support and reporting; establishing and reviewing the services provided by other fund service providers (such as a fund’s custodian, accountant, and transfer agent); risk management, including reviews of the liquidity risk management and derivatives risk management programs; legal support services; regulatory advocacy; and cybersecurity, business continuity and disaster recovery planning and testing.

Aside from the services provided, the Board considered the financial resources of the Adviser and/or its affiliates and their willingness to make investments in the technology, personnel and infrastructure to support the funds, including to enhance global talent, middle office systems, software and international and internal capabilities. The Board considered the access provided by the Adviser and its affiliates to a seed capital budget to support new or existing funds and/or facilitate changes for a respective fund. The Board considered the benefits to shareholders of investing in a fund that is a part of a large fund complex with a variety of investment disciplines, capabilities, expertise and resources available to navigate and support the funds including during stressed times. The Board considered the overall reputation and capabilities of the Adviser and its affiliates and the Adviser’s continuing commitment to provide high quality services.

In its review, the Board also considered the significant risks borne by the Adviser and its affiliates in connection with their services to the applicable funds, including entrepreneurial risks in sponsoring and supporting new funds and smaller funds and ongoing risks with managing the funds, such as investment, operational, reputational, regulatory, compliance and litigation risks.

With respect to the Funds, the Board considered the division of responsibilities between NFAL and the Sub-Adviser and considered that the Sub- Adviser and its investment personnel generally are responsible for the management of each Fund’s portfolio under the oversight of NFAL and the Board. The Board considered an analysis of the Sub-Adviser provided by NFAL which included, among other things, a summary of changes in the leadership teams and/or portfolio manager teams; the performance of the Nuveen funds sub-advised by the Sub-Adviser over various periods of time; and data reflecting product changes (if any) taken with respect to certain Nuveen funds. The Board considered that NFAL recommended the renewal of the Sub-Advisory Agreements.

Based on its review, the Board determined, in the exercise of its reasonable business judgment, that it was satisfied with the nature, extent and quality of services provided to the respective Funds under each applicable Advisory Agreement.

B. The Investment Performance of the Funds and Fund Advisers

In evaluating the quality of the services provided by the Fund Advisers, the Board also considered a variety of investment performance data of the Funds. In this regard, the Board and/or its Investment Committee reviewed, among other things, performance of the Funds over the quarter, one-, three- and five-year periods ending December 31, 2023 and March 31, 2024. For those Funds with multiple share classes, the performance data was based on Class I shares; however, the performance of other share classes was substantially similar as those other share classes invest in the same portfolio of securities and differences in performance among the classes would be principally attributed to the variations in the expense structures of the share classes. The Board performed its annual review of fund performance at its February Meeting and an additional review at the April Executive Session and also reviewed and discussed performance data at its other regularly scheduled quarterly meetings throughout the year. The Board therefore took into account the performance data, presentations and discussions (written and oral) that were provided at the Meeting and in prior meetings over time in evaluating fund performance, including management’s analysis of a fund’s performance with particular focus on funds that met certain challenged performance measurements as determined pursuant to a methodology approved by the Board or additional measurements as determined by management’s investment analysts. As various Nuveen funds have modified their portfolio teams and/or made significant changes to their portfolio strategies over time, the Board reviewed, among other things, certain tracking performance data over specific periods comparing performance before and after such changes.

The Board considered that performance data reflects performance over a specified period which may differ significantly depending on the ending dates selected, particularly during periods of market volatility. Further, the Board considered that shareholders may evaluate performance based on their own respective holding periods which may differ from the performance periods reviewed by the Board and lead to differing results.

In its evaluation, the Board reviewed fund performance results from different perspectives. In general, subject to certain exceptions, the Board reviewed both absolute and relative fund performance over the various time periods and considered performance results in light of a fund’s investment objective(s), strategies and risks. With respect to the relative performance, the Board considered fund performance in comparison to the performance of peer funds (the “Performance Peer Group”), subject to certain exceptions, and recognized and/or customized benchmarks (i.e., generally benchmarks derived from multiple recognized benchmarks). In reviewing such comparative performance, the Board was cognizant of the inherent limitations of such data which can make meaningful performance comparisons generally difficult. As an illustration, differences in the composition of the Performance Peer Group, the investment objective(s), strategies, dates of fund inception and other characteristics of the peers in the Performance Peer Group, the level, type and cost of leverage (if any) of the peers, and the varying sizes of peers all may contribute to differences in the performance results of a Performance Peer Group compared to the applicable fund. With respect to relative performance of a fund compared to a benchmark index, differences, among other things, in the investment objective(s) and strategies of a fund and the benchmark (particularly an actively managed fund that does not directly follow an index) as well as the costs of operating a fund would necessarily contribute to differences

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract (continued)

in performance results and limit the value of the comparative performance information. To assist the Board in its review of the comparability of the relative performance, management generally has ranked the relevancy of the Performance Peer Groups to the Funds as low, medium or high. In its review of relative performance, the Board considered a Fund’s performance relative to its Performance Peer Group, among other things, by evaluating its quartile ranking with the 1st quartile representing the top performing funds within the Performance Peer Group and the 4th quartile representing the lowest performing funds.

The Board evaluated performance in light of various relevant factors which may include, among other things, general market conditions, issuer- specific information, asset class information, leverage and fund cash flows. The Board considered that long-term performance could be impacted by even one period of significant outperformance or underperformance and that a single investment theme could disproportionately affect performance. Further, the Board considered that market and economic conditions may significantly impact a fund’s performance, particularly over shorter periods, and such performance may be more reflective of such economic or market events and not necessarily reflective of management skill. Although the Board reviews short-, intermediate- and longer-term performance data, the Board considered that longer periods of performance may reflect full market cycles.

In their review from year to year, the Board Members consider and may place different emphasis on the relevant information in light of changing circumstances in market and economic conditions. In evaluating performance, the Board focused particular attention on funds with less favorable performance records. However, depending on the facts and circumstances, including any differences between the respective fund and its benchmark and/or Performance Peer Group, the Board may be satisfied with a fund’s performance notwithstanding that its performance may be below that of its benchmark and/or peer group for certain periods. With respect to any funds for which the Board has identified performance issues, the Board seeks to monitor such funds more closely until performance improves, discuss with the Adviser the reasons for such results, consider whether any steps are necessary or appropriate to address such issues, discuss and evaluate the potential consequences of such steps and review the results of any steps undertaken.

The performance determinations with respect to each Fund are summarized below.

•

For Nuveen Credit Income Fund, the Board considered that although the Fund’s performance was below the performance of its benchmark for the five-year period ended December 31, 2023, the Fund outperformed its benchmark for the one- and three-year periods ended December 31, 2023 and ranked in the second quartile of its Performance Peer Group for the one-, three- and five-year periods ended December 31, 2023. In addition, although the Fund’s performance was below the performance of its benchmark for the five-year period ended March 31, 2024, the Fund outperformed its benchmark for the one- and three-year periods ended March 31, 2024 and ranked in the first quartile of its Performance Peer Group for the one- and three-year periods and second quartile for the five-year period ended March 31, 2024. The Board was also aware that there were changes to the Fund’s investment objective and certain investment policies effective in July 2020 and changes to the portfolio management team, and that the performance data prior to such times would not reflect such changes. On the basis of the Board’s ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund’s investment objective(s) and management’s discussion of performance, the Board concluded that the Fund’s performance supported renewal of the Advisory Agreements.

•

For Nuveen Flexible Income Fund, the Board considered that although the Fund’s performance was below the performance of its benchmark for the one-year period ended December 31, 2023, the Fund outperformed its benchmark for the three- and five-year periods ended December 31, 2023 and ranked in the second quartile of its Performance Peer Group for the one-, three- and five-year periods ended December 31, 2023. In addition, although the Fund ranked in the fourth quartile of its Performance Peer Group for the one-year period ended March 31, 2024, the Fund ranked in the third quartile of its Performance Peer Group for the three- and five-year periods ended March 31, 2024 and outperformed its benchmark for the one-, three- and five-year periods ended March 31, 2024. On the basis of the Board’s ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund’s investment objective(s) and management’s discussion of performance, the Board concluded that the Fund’s performance supported renewal of the Advisory Agreements.

•

For Nuveen Floating Rate Income Fund, the Board considered that although the Fund’s performance was below the performance of its benchmark for the one-, three- and five-year periods ended December 31, 2023 and the Fund ranked in the fourth quartile of its Performance Peer Group for the one-year period ended December 31, 2023, the Fund ranked in the first quartile of its Performance Peer Group for the three- and five-year periods ended December 31, 2023. In addition, although the Fund’s performance was below the performance of its benchmark for the one-, three- and five-year periods ended March 31, 2024, the Fund ranked in the third quartile of its Performance Peer Group for the one-year period, second quartile for the three-year period and first quartile for the five-year period ended March 31, 2024. On the basis of the Board’s ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund’s investment objective(s) and management’s discussion of performance, the Board concluded that the Fund’s performance supported renewal of the Advisory Agreements.

•

For Nuveen High Yield Income Fund, the Board considered that although the Fund’s performance was below the performance of its benchmark for the one- and five-year periods ended December 31, 2023, the Fund outperformed its benchmark for the three-year period ended December 31, 2023. The Fund also ranked in the second quartile of its Performance Peer Group for the one-year period, first quartile for the three-year period and third quartile for the five-year period ended December 31, 2023. In addition, although the Fund’s performance was below the performance of its benchmark for the five-year period ended March 31, 2024, the Fund outperformed its benchmark for the one- and three-year periods ended March 31, 2024 and ranked in the first quartile of its Performance Peer Group for the one- and three-year periods and second quartile for the five-year period ended March 31, 2024. On the basis of the Board’s ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund’s investment objective(s) and management’s discussion of performance, the Board concluded that the Fund’s performance supported renewal of the Advisory Agreements.

•

For Nuveen Preferred Securities and Income Fund, the Board considered that the Fund outperformed its blended benchmark for the one-, three- and five-year periods ended December 31, 2023. In addition, although the Fund ranked in the fourth quartile of its Performance Peer Group for the one-year period ended December 31, 2023, the Fund ranked in the first quartile for the three- and five-year periods ended December 31, 2023. Further, although the Fund’s performance was below the performance of its blended benchmark for the one-year period ended March 31, 2024, the Fund outperformed its blended benchmark for the three- and five-year periods ended March 31, 2024 and ranked in the second quartile of its Performance Peer Group for the one- and three-year periods and first quartile for the five-year period ended March 31, 2024. On the basis of the Board’s ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund’s investment objective(s) and management’s discussion of performance, the Board concluded that the Fund’s performance supported renewal of the Advisory Agreements.

•

For Nuveen Strategic Income Fund, the Board considered that the Fund outperformed its benchmark for the one-, three- and five-year periods ended December 31, 2023 and March 31, 2024. In addition, the Fund ranked in the second quartile of its Performance Peer Group for the one-year period, third quartile for the three-year period and first quartile for the five-year period ended December 31, 2023. Further, the Fund ranked in the second quartile of its Performance Peer Group for the one- and three-year periods and first quartile for the five-year period ended March 31, 2024. On the basis of the Board’s ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund’s investment objective(s) and management’s discussion of performance, the Board concluded that the Fund’s performance supported renewal of the Advisory Agreements.

C. Fees, Expenses and Profitability

Fees and Expenses

As part of its annual review, the Board generally reviewed, among other things, the contractual management fee and the net/actual management fee (i.e., the management fee after taking into consideration fee waivers and/or expense reimbursements, if any) paid by a Fund to the Adviser in light of the nature, extent and quality of the services provided. The Board also reviewed information about other expenses and the total operating expense ratio of each Fund (after any fee waivers and/or expense reimbursements). More specifically, the Board Members reviewed, among other things, each Fund’s management fee rates and net total expense ratio in relation to similar data for a comparable universe of funds (the “Expense Universe”) and for a more focused subset of comparable funds (the “Expense Group”) established by Broadridge (subject to certain exceptions). The Board Members reviewed the methodology Broadridge employed to establish its Expense Universe and Expense Group (as applicable) and considered that differences between the applicable fund and its respective Expense Universe and/or Expense Group, as well as changes to the composition of the Expense Universe and/or Expense Group from year to year, may limit some of the value of the comparative data. The Board Members also considered that it can be difficult to compare management fees among funds as there are variations in the services that are included for the fees paid. The Board Members took these limitations and differences into account when reviewing comparative peer data.

The Board Members also considered a Fund’s operating expense ratio as it more directly reflected a shareholder’s total costs in investing in the respective fund. In their review, the Board Members considered, in particular, each fund with a net total expense ratio meeting certain expense or fee criteria when compared to its Expense Universe and Expense Group (if any) and an analysis as to the factors contributing to each such fund’s relative net total expense ratio.

The Board Members also considered, in relevant part, a Fund’s management fee and net total expense ratio in light of the Fund’s performance history, including reviewing certain funds identified by management and/or the Board as having a higher net total expense ratio or management fee compared to their respective peers coupled with experiencing periods of challenged performance and considering the reasons for such comparative positions.

In their evaluation of the fee arrangements for the Funds, the Board Members also reviewed the management fee schedules and the expense reimbursements and/or fee waivers agreed to by the Adviser for the respective fund (if any). In its review, the Board considered that the management fees of the Nuveen funds were generally comprised of two components, a fund-level component and a complex-level component, each with its own breakpoint schedule, subject to certain exceptions. As indicated above, the Board approved a revised fee schedule which would reduce and streamline the asset thresholds necessary to meet breakpoints in the complex-level fee component. The Board considered that management anticipated approximately $50 million in savings for Nuveen fund shareholders as a result of the revised fee schedule as well as additional estimated savings over time. The Board further considered management’s representation that there will be no increase to any Nuveen fund’s respective advisory agreement fee rate as a result of the revised complex-level fee schedule.

In its review, the Board considered that across the Nuveen fund and TC fund complex, management estimated that fund-level breakpoints resulted in approximately $82.5 million in reduced fees overall in 2023 and expense caps and reimbursements generated approximately an additional $91 million in savings to shareholders. In addition, the Board considered that management determined that the Nuveen funds achieved additional fee reductions of approximately $49 million due to the complex-wide management fee structure in 2023.

With respect to the Sub-Adviser, the Board also considered, among other things, the sub-advisory fee schedule paid to the Sub-Adviser in light of the sub-advisory services provided to the respective Fund. In its review, the Board considered that the compensation paid to the Sub-Adviser is the responsibility of NFAL, not the Funds.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract (continued)

The Board’s considerations regarding the comparative fee data for each of the Funds are set forth below. With respect to the quartile rankings noted below, the first quartile represents the range of funds with the lowest management fee rate or net total expense ratio, as applicable, and the fourth quartile represents the range of funds with the highest management fee rate or net total expense ratio, as applicable. The Board considered that Broadridge only calculates quartiles if a minimum number of peers is available and therefore quartile rankings may not be available for certain Expense Groups and/or Expense Universes.

•

For Nuveen Credit Income Fund, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the first quartile, first quartile and second quartile of its Expense Group, respectively. In addition, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, first quartile and second quartile of its Expense Universe, respectively. Further, the Fund’s actual management fee rate and net total expense ratio were below the Expense Group median.

•

For Nuveen Flexible Income Fund, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, third quartile and third quartile of its Expense Group, respectively. In addition, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the first quartile, second quartile and second quartile of its Expense Universe, respectively. Further, the Fund’s actual management fee rate and net total expense ratio were slightly above (within 5 basis points of) the Expense Group median.

•

For Nuveen Floating Rate Income Fund, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the first quartile, third quartile and second quartile of its Expense Group, respectively. In addition, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, third quartile and second quartile of its Expense Universe, respectively. Further, although the Fund’s actual management fee rate was slightly above (within 5 basis points of) the Expense Group median, the net total expense ratio was below the Expense Group median.

•

For Nuveen High Yield Income Fund, although the Fund’s net total expense ratio ranked in the fourth quartile of its Expense Group, the Fund’s contractual management fee rate and actual management fee rate ranked in the second quartile and third quartile of its Expense Group, respectively. In addition, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the third quartile of its Expense Universe. Further, the Fund’s actual management fee rate and net total expense ratio were slightly above (within approximately 5 basis points of) the Expense Group median.

•

For Nuveen Preferred Securities and Income Fund, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile of its Expense Group and Expense Universe. In addition, the Fund’s actual management fee rate and net total expense ratio were below the Expense Group median.

•

For Nuveen Strategic Income Fund, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, first quartile and second quartile of its Expense Group, respectively. In addition, the Fund’s contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile of its Expense Universe. Further, the Fund’s actual management fee rate and net total expense ratio were below the Expense Group median.

Based on its review of the information provided, the Board determined that each Fund’s management fees (as applicable) to a Fund Adviser were reasonable in light of the nature, extent and quality of services provided to the Fund.

Comparisons with the Fees of Other Clients

In evaluating the appropriateness of fees, the Board also considered that the Adviser, affiliated sub-advisers and/or their affiliate(s) provide investment management services to other types of clients which may include: separately managed accounts, retail managed accounts, foreign funds (UCITS), other investment companies (as sub-advisers), limited partnerships and collective investment trusts. The Board reviewed the equal weighted average fee or other fee data for the other types of clients managed in a similar manner to certain of the Nuveen funds and TC funds. The Board considered the Adviser’s rationale for the differences in the management fee rates of the funds compared to the management fee rates charged to these other types of clients. In this regard, the Board considered that differences, including but not limited to, the amount, type and level of services provided by the Adviser to the funds compared to that provided to other clients as well as differences in investment policies; regulatory, disclosure and governance requirements; servicing relationships with vendors; the manner of managing such assets; product structure; investor profiles; and account sizes all may contribute to variations in relative fee rates. Further, differences in the client base, governing bodies, distribution, jurisdiction and operational complexities also would contribute to variations in management fees assessed the funds compared to foreign fund clients. In addition, differences in the level of advisory services required for passively managed funds also contribute to differences in the management fee levels of such funds compared to actively managed funds. As a general matter, higher fee levels reflect higher levels of service provided by the Adviser, increased investment management complexity, greater product management requirements, and higher levels of business risk or some combination of these factors. The Board considered the wide range of services in addition to investment management that the Adviser had provided to the funds compared to other types of clients as well as the increased entrepreneurial, legal and regulatory risks that the Adviser incurs in sponsoring and managing the funds. The Board further considered that a sub-adviser’s fee is essentially for portfolio management services and therefore more comparable to the fees it receives for retail wrap accounts and other external sub-advisory mandates. The Board concluded that the varying levels of fees were reasonable given, among other things, the more extensive services, regulatory requirements and legal liabilities, and the entrepreneurial, legal and regulatory risks incurred in sponsoring and advising a registered investment company compared to that required in advising other types of clients.

Profitability of Fund Advisers

In their review, the Board Members considered various profitability data relating to the Fund Advisers’ services to the Nuveen funds.

With respect to the Nuveen funds, the Board Members reviewed the estimated profitability information of Nuveen as a result of its advisory services to the Nuveen funds overall as well as profitability data of certain other asset management firms. Such profitability information included, among other things, gross and net revenue margins (excluding distribution) of Nuveen Investments, Inc. (“Nuveen Investments”) for services to the Nuveen funds on a pre-tax and after-tax basis for the 2023 and 2022 calendar years as well as the revenues earned (less any expense reimbursements/fee waivers) and expenses incurred by Nuveen Investments for its advisory activities to the Nuveen funds (excluding distribution) for the 2023 and 2022 calendar years. The Board Members also considered the rationale for the change in Nuveen’s profitability from 2022 to 2023. In addition, the Board reviewed the revenues, expenses and operating margin (pre- and after-tax) NFAL derived from its exchange-traded fund product line for the 2023 and 2022 calendar years.

In developing the profitability data, the Board Members considered the subjective nature of calculating profitability as the information is not audited and is necessarily dependent on cost allocation methodologies to allocate expenses throughout the complex and among the various advisory products. Given there is no single universally recognized expense allocation methodology and that other reasonable and valid allocation methodologies could be employed and could lead to significantly different results, the Board reviewed, among other things, a description of the cost allocation methodologies employed to develop the financial information, a summary of the refinements Nuveen had made to the methodology that had occurred over the years from 2010 through 2021 to provide Nuveen’s profitability analysis, and a historical expense analysis of Nuveen Investments’ revenues, expenses and pre-tax net revenue margins derived from its advisory services to the Nuveen funds (excluding distribution) for the calendar years from 2017 through 2023. The Board of the Nuveen funds had also appointed two Board Members to serve as the Board’s liaisons to meet with representatives of NFAL and review the development of the profitability data and to report to the full Board.

In addition, the Board considered certain comparative operating margin data. In this regard, the Board reviewed the operating margins of Nuveen Investments compared to the adjusted operating margins of a peer group of asset management firms with publicly available data and the most comparable assets under management (based on asset size and asset composition) to Nuveen. The Board considered that the operating margins of the peers were adjusted generally to address that certain services provided by the peers were not provided by Nuveen. The Board also reviewed, among other things, the net revenue margins (pre-tax) of Nuveen Investments on a company-wide basis and the net revenue margins (pre-tax) of Nuveen Investments derived from its services to the Nuveen funds only (including and excluding distribution) compared to the adjusted operating margins of the peer group for each calendar year from 2014 to 2023. In their review of the comparative data, the Board Members considered the limitations of the comparative data given that peer data is not generally public and the calculation of profitability is subjective and affected by numerous factors (such as types of funds a peer manages, its business mix, its cost of capital, the numerous assumptions underlying the methodology used to allocate expenses and other factors) that can have a significant impact on the results.

Aside from the profitability data, the Board considered that NFAL and TAL are affiliates of Teachers Insurance and Annuity Association of America (“TIAA”). NFAL is a subsidiary of Nuveen, LLC, the investment management arm of TIAA, and TAL is an indirect wholly owned subsidiary of TIAA. Accordingly, the Board also reviewed a balance sheet for TIAA reflecting its assets, liabilities and capital and contingency reserves for the 2023 and 2022 calendar years to consider the financial strength of TIAA. The Board considered the benefit of an investment adviser and its parent with significant resources, particularly during periods of market volatility. The Board also considered the reinvestments the Adviser, its parent and/or other affiliates made into their business through, among other things, the investment of seed capital in certain funds, initiatives in international expansion, investments in infrastructure and continued investments in enhancements to technological capabilities.

The Board Members considered the profitability of the Sub-Adviser from its relationships with the respective Nuveen funds. In this regard, the Board Members reviewed, among other things, the Sub-Adviser’s revenues, expenses and net revenue margins (pre- and after-tax) for its advisory activities to the respective Nuveen funds for the calendar years ended December 31, 2023 and December 31, 2022. The Board Members also reviewed a profitability analysis reflecting the revenues, expenses and revenue margin (pre- and after-tax) grouped by similar types of funds (such as municipal, taxable fixed income, equity, real assets and index/asset allocation) for the Sub-Adviser for the calendar years ending December 31, 2023 and December 31, 2022.

In evaluating the reasonableness of the compensation, the Board Members also considered the indirect benefits NFAL or the Sub-Adviser received that were directly attributable to the management of the applicable funds as discussed in further detail below. Based on its review, the Board was satisfied that each Fund Adviser’s level of profitability from its relationship with each Nuveen fund was not unreasonable over various time frames in light of the nature, extent and quality of services provided.

D. Economies of Scale and Whether Fee Levels Reflect These Economies of Scale

The Board considered whether there have been economies of scale with respect to the management of the funds in the fund complex, including the Funds, whether these economies of scale have been appropriately shared with such funds and whether there is potential for realization of further economies of scale. Although the Board considered that economies of scale are difficult to measure with any precision and the rates at which certain expenses are incurred may not decline with a rise in assets, the Board considered that there are various methods that may be employed to help share the benefits of economies of scale, including, among other things, through the use of breakpoints in the management fee schedule, fee waivers and/or expense limitations, the pricing of funds at scale at inception and investments in the Adviser’s business which can enhance the services provided to the applicable funds for the fees paid. The Board considered that the Adviser has generally employed one or more of these various methods among the applicable funds.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract (continued)

In this regard, the Board considered, as noted above, that the management fee of NFAL generally was comprised of a fund-level component and a complex-level component each with its own breakpoint schedule, subject to certain exceptions. With this structure, the Board considered that the complex-level breakpoint schedule was designed to deliver the benefits of economies of scale to shareholders when the assets of eligible funds in the complex pass certain thresholds even if the assets of a particular fund are unchanged or have declined, and the fund-level breakpoint schedules were designed to share economies of scale with shareholders if the particular fund grows. The Board reviewed the fund-level and complex-level fee schedules. As summarized above, the Board approved a new complex-level breakpoint schedule which would simplify and reduce the complex-level fee rates at various thresholds and expanded the eligible funds whose assets would be included in calculating the complex-level fee, effective May 1, 2024. Among other things, the assets of certain TC funds advised by TAL would be phased into the calculation of the complex-wide assets in determining the complex-level fee over a ten-year period. The Board considered the cost savings and additional potential sharing of economies of scale as a result of the reduced complex-level breakpoint schedule and the additional assets from more eligible funds in calculating the assets of the complex for determining the complex-level fee component. The Board reviewed the projected shareholder savings derived from such modifications over a ten-year period from 2024 to 2033. The Board considered management’s representation that there will be no increase to any fund’s respective advisory agreement fee rate.

In addition to the fund-level and complex-level fee schedules (if applicable), the Board Members considered the temporary and/or permanent expense caps (if any) applicable to a Fund. The Board considered that such waivers and reimbursements applicable to the respective funds are another means for potential economies of scale to be shared with shareholders of such funds and can provide a protection from an increase in expenses if the assets of the applicable funds decline.

The Board Members also considered the continued reinvestment in Nuveen/TIAA’s business to enhance its capabilities and services to the benefit of its various clients. The Board understood that many of these investments were not specific to individual funds, but rather incurred across a variety of products and services pursuant to which the family of funds as a whole may benefit. The Board further considered that the Adviser and its affiliates have provided certain additional services, including, but not limited to, services required by new regulations and regulatory interpretations, without raising advisory fees to the funds, and this was also a means of sharing economies of scale with the funds and their shareholders. The Board considered the Adviser’s and/or its affiliates’ ongoing efforts to streamline the product line-up, among other things, to create more scaled funds which may help improve both expense and trading economies.

Based on its review, the Board was satisfied that the current fee arrangements together with the reinvestment in management’s business appropriately shared any economies of scale with shareholders.

E. Indirect Benefits

The Board Members received and considered information regarding various indirect benefits the respective Fund Adviser or its affiliates may receive as a result of their relationship with the funds in the fund complex, including the Funds. These benefits included, among other things, economies of scale to the extent the Adviser or its affiliates share investment resources and/or personnel with other clients of the Adviser. The funds may also be used as investment options for other products or businesses offered by the Adviser and/or its affiliates, such as variable products, fund of funds and 529 education savings plans, and affiliates of the Adviser may serve as sub-advisers to various funds in which case all advisory and sub-advisory fees generated by such funds stay within Nuveen.

Further, the funds may pay the Adviser and/or its affiliates for other services, such as distribution. In this regard, the Board Members considered that an affiliate of the Adviser serves as principal underwriter providing distribution and/or shareholder services to the open-end funds for which it may be compensated. The Board Members also considered that certain share classes of the open-end funds (subject to certain exceptions) pay 12b-1 fees, some of which may be retained by the Adviser’s affiliate. In addition, the Board Members considered that the Adviser and Sub-Adviser may utilize soft dollar brokerage arrangements attributable to the respective funds to obtain research and other services for any or all of their clients, although the Board Members also considered reimbursements of such costs by the Adviser and/or Sub-Adviser.

The Adviser and its affiliates may also benefit from the advisory relationships with the funds in the fund complex to the extent this relationship results in potential investors viewing the TIAA group of companies as a leading retirement plan provider in the academic and nonprofit market and a single source for all their financial service needs. The Adviser and/or its affiliates may further benefit to the extent that they have pricing or other information regarding vendors the funds utilize in establishing arrangements with such vendors for other products.

Based on its review, the Board concluded that any indirect benefits received by a Fund Adviser as a result of its relationship with the Funds were reasonable in light of the services provided.

F. Other Considerations

The Board Members did not identify any single factor discussed previously as all-important or controlling. The Board Members concluded that the terms of each Advisory Agreement were reasonable, that the respective Fund Adviser’s fees were reasonable in light of the services provided to each Fund and that the Advisory Agreements be renewed for an additional one-year period.

Item 12.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 13.

Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 14.

Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end investment companies.

Item 15.

Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees implemented after the registrant last provided disclosure in response to this Item.

Item 16.

Controls and Procedures.

(a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 17.

Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

(a)	Not applicable to open-end investment companies.

(b)	Not applicable to open-end investment companies.

Item 18.

Recovery of Erroneously Awarded Compensation.

(a)	Not applicable.

(b)	Not applicable.

Item 19.

Exhibits.

(a)(1)

Not applicable because the code of ethics is available, upon request and without charge, by calling 800-257-8787 and there were no amendments during the period covered by this report.

(a)(2)

Not applicable.

(a)(3)

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(4)

Not applicable.

(a)(5)

Change in the registrant’s independent public accountant. Filed herewith.

(b)	Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Nuveen Investment Trust III

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Date: November 7, 2024	By:	/s/ Jordan M. Farris
		Jordan M. Farris
		Chief Administrative Officer
		(principal executive officer)

Date: November 7, 2024	By:	/s/ E. Scott Wickerham
		E. Scott Wickerham
		Vice President and Controller
		(principal financial officer)

Date: November 7, 2024

/s/ Jordan M. Farris

Jordan M. Farris

Chief Administrative Officer