Edgar Filing: Nuveen Real Asset Income & Growth Fund

Nuveen Real Asset Income and Growth Fund

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22658

Nuveen Real Asset Income and Growth Fund

(Exact name of registrant as specified in charter)

333 West Wacker Drive, Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Gifford R. Zimmerman—Vice President and Secretary

333 West Wacker Drive, Chicago, Illinois 60606

(Name and address of agent for service)

Registrant’s telephone number, including area code: 312-917-7700

Date of fiscal year end: December 31

Date of reporting period: March 31, 2018

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

JRI

Nuveen Real Asset Income and
Growth Fund

Portfolio of Investments March 31, 2018

(Unaudited)


Shares		Description (1)	Value

		LONG-TERM INVESTMENTS – 141.0% (98.9% of Total Investments)

		COMMON STOCKS – 55.2% (38.7% of Total Investments)

		Air Freight & Logistics – 0.9%

	70,230	BPost SA	$	1,586,570
	64,877	Oesterreichische Post AG, (2)		3,225,913
		Total Air Freight & Logistics		4,812,483

		Commercial Services & Supplies – 0.2%

	80,878	Covanta Holding Corporation		1,172,731

		Diversified Telecommunication Services – 1.5%

	1,282,943	HKBN Limited, (2)		1,515,808
	1,754,608	HKT Trust and HKT Limited, (2)		2,207,699
	21,925	Inmarsat PLC, (2)		111,480
	6,629,218	Netlink NBN Trust, (2), (3)		4,125,617
		Total Diversified Telecommunication Services		7,960,604

		Electric Utilities – 6.3%

	2,046,898	AusNet Services, (2)		2,647,591
	570,023	Contact Energy Limited, (2)		2,173,723
	34,578	Duke Energy Corporation		2,678,758
	132,165	Endesa S.A, (2), (3)		2,911,619
	267,546	Enersis Chile SA		1,712,294
	11,655	Iberdrola SA, (2)		85,704
	732,768	Infratil Limited, (2)		1,647,552
	372,035	Power Assets Holdings Limited, (2)		3,323,531
	165,785	Scottish and Southern Energy PLC, (2)		2,974,075
	10,826	Southern Company		483,489
	4,579,088	Spark Infrastructure Group, (2)		8,445,804
	466,955	Transmissora Alianca de Energia Eletrica SA		3,073,477
		Total Electric Utilities		32,157,617

		Equity Real Estate Investment Trusts – 29.1%

	83,558	AEW UK REIT PLC		112,308
	220,257	American Hotel Income Properties REIT LP		1,352,298
	50,149	Americold Realty Trust		956,843
	80,488	Apple Hospitality REIT, Inc.		1,414,174
	38,526	Armada Hoffler Properties Inc.		527,421
	844,085	Ascendas Real Estate Investment Trust, (2)		1,700,214
	159,189	Automotive Properties Real Estate Investment Trust		1,246,724
	185,051	Brixmor Property Group Inc.		2,822,028
	355,174	Centuria Industrial REIT, (2)		668,921
	456,003	Centuria Metropolitan REIT		798,531
	6,560	Choice Properties Real Estate Investment Trust		59,116
	291,029	City Office REIT, Inc.		3,364,295
	17,346	Cofinimmo, SANV, (2)		2,250,839
	1,049	Community Healthcare Trust Inc.		27,001
	2,864,389	Concentradora Fibra Hotelera Mexicana SA de CV, 144A		1,793,000
	25,314	Derwent London PLC, (2)		1,101,919
	3,908	Developers Diversified Realty Corporation		28,646
	194,965	Dream Industrial Real Estate Investment Trust		1,442,167
	6,734	Education Realty Trust Inc.		220,539
	461,144	Empiric Student Property PLC, (2)		533,019
	322	Entertainment Properties Trust		17,839
	780,254	Fibra Uno Administracion SA		1,175,960
	23,665	Fonciere Des Regions, Reg S, (2)		2,610,683
	2,836,388	Fortune REIT, (2)		3,443,951


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)


Shares		Description (1)	Value

		Equity Real Estate Investment Trusts (continued)

	1,708,956	Frasers Centrepoint Trust, (2)	$	2,858,201
	5,356,424	Frasers Logistics & Industrial Trust, (2)		4,455,410
	22,692	Gaming and Leisure Properties Inc.		759,501
	3,301	GDI Property Group		3,118
	90,799	Gramercy Property Trust		1,973,062
	280,655	Growthpoint Properties Australia Limited, (2)		714,099
	591,963	Hansteen Holdings PLC, (2)		1,060,630
	279,076	Health Care Property Investors Inc.		6,482,935
	39,525	Hispania Activos Inmobiliarios SOCIMI SA, (2), (3)		841,860
	45,143	ICADE, (2)		4,382,686
	4,003,936	IGB Real Estate Investment Trust, (2)		1,604,473
	18,083	Immobiliare Grande Distribuzione SIIQ SpA		168,835
	136,769	Independence Realty Trust		1,255,539
	80,751	Inovalis Real Estate Investment Trust		629,912
	71,963	Iron Mountain Inc.		2,364,704
	2,069,138	Keppel DC REIT, (2)		2,278,182
	169,793	Killam Apartment Real Estate I		1,829,260
	66,790	Kimco Realty Corporation		961,776
	35,316	Lar Espana Real Estate Socimi SA, (3)		423,682
	17,109	LaSalle Hotel Properties		496,332
	46,803	Lexington Corporate Properties Trust		368,340
	30,993	Macerich Company		1,736,228
	2,574,921	Mapletree Commercial Trust, (2)		3,088,906
	1,631,906	Mapletree Greater China Commercial Trust, (2)		1,434,184
	2,070,614	Mapletree Industrial Trust, (2)		3,213,293
	7,999,878	Mapletree Logistics Trust, (2)		7,521,887
	165,933	MedEquities Realty Trust, Inc.		1,743,956
	186,229	Medical Properties Trust Inc.		2,420,977
	225,455	MGM Growth Properties LLC		5,983,576
	1,041,800	National Storage REIT, (2)		1,263,807
	782,317	Nexus Real Estate Investment Trust		1,214,448
	324,638	NorthWest Healthcare Properties REIT		2,839,811
	7,629	NSI NV		320,569
	130,185	Park Hotels & Resorts, Inc.		3,517,599
	1,405,095	Parkway Life Real Estate Investment Trust, (2)		3,006,086
	140,832	Physicians Realty Trust		2,192,754
	1,121,057	Propertylink Group, (2)		865,706
	168,214	Sabra Health Care Real Estate Investment Trust Inc.		2,968,977
	70,108	Scentre Group, (2)		206,882
	170,342	Secure Income REIT Plc		886,653
	4,281	Simon Property Group, Inc.		660,772
	192,563	Slate Office REIT		1,138,922
	330,801	STAG Industrial Inc.		7,912,760
	1,259	Star Asia Investment Corp, (2)		1,213,979
	56,697	Summit Hotel Properties Inc.		771,646
	502,555	Summit Industrial Income REIT		3,198,627
	1,435,615	Target Healthcare REIT Ltd		2,074,594
	1,916,193	TF Administradora Industrial S de RL de CV		3,198,925
	18,804	Unibail-Rodamco SE, (2)		4,295,273
	72,005	Ventas Inc.		3,566,408
	189,595	VEREIT, Inc.		1,319,581
	128,181	VICI Properties Inc.		2,348,276
	502,078	Viva Energy REIT, (2)		774,461
	8,249	Welltower Inc.		448,993
	292,571	WPT Industrial Real Estate Investment Trust		3,791,720
	23,615	Xenia Hotels & Resorts Inc.		465,688
		Total Equity Real Estate Investment Trusts		149,187,897

		Gas Utilities – 0.6%

	9,558	AmeriGas Partners, LP		382,033
	13,037	APA Group, (2)		79,382
	113,979	Gas Natural SDG S.A., (2), (3)		2,720,457
		Total Gas Utilities		3,181,872


Shares		Description (1)	Value

		Household Durables – 0.1%

	8,242	Kaufman and Broad SA, (2)	$	433,733

		Independent Power & Renewable Electricity Producers – 1.9%
	148,367	Brookfield Renewable Energy Partners LP		4,613,329
	690,203	Meridian Energy Limited, (2)		1,427,588
	9,325	NRG Yield, Inc., Class C Shares		158,525
	41,516	Pattern Energy Group Inc.		717,812
	176,968	Saeta Yield S.A., (2), (3)		2,654,677
		Total Independent Power & Renewable Electricity Producers		9,571,931

		Industrial Conglomerates – 0.2%

	308,714	Hopewell Holdings Ltd, (2)		1,189,121

		Media – 0.2%

	47,467	Eutelsat Communications, (2)		940,817

		Mortgage Real Estate Investment Trusts – 3.2%

	74,943	Apollo Commercial Real Estate Finance, Inc.		1,347,475
	38,005	Ares Commercial Real Estate Corporation		469,362
	101,650	Blackstone Mortgage Trust Inc., Class A		3,193,843
	72,286	Granite Point Mortgage Trust Inc.		1,195,610
	158,602	KKR Real Estate Finance Trust, Inc.		3,181,556
	195,238	Starwood Property Trust Inc.		4,090,236
	140,542	TPG Re Finance Trust Inc.		2,795,380
		Total Mortgage Real Estate Investment Trusts		16,273,462

		Multi-Utilities – 2.0%

	201,999	Engie, (2)		3,373,075
	7,585	National Grid PLC		428,022
	547,186	Redes Energeticas Nacionais SA, (2)		1,683,890
	128,687	Suez Environment Company, (2)		1,864,667
	1,249,789	Vector Limited, (2)		2,853,561
		Total Multi-Utilities		10,203,215

		Oil, Gas & Consumable Fuels – 3.9%

	9,637	AltaGas Ltd		184,385
	3,630	DCP Midstream LP		127,486
	61,749	Enagas, (2)		1,690,980
	9,867	Enbridge Energy Partners LP		95,118
	26,618	Enbridge Inc.		837,668
	16,190	Enbridge Income Fund Holdings Inc.		350,856
	180,682	Enterprise Products Partnership LP		4,423,095
	189,702	Inter Pipeline Limited		3,292,379
	2,797	Magellan Midstream Partners LP		163,205
	86,736	ONEOK, Inc.		4,937,013
	5,775	Pembina Pipeline Corporation		180,196
	20,081	Plains GP Holdings LP, Class A Shares		436,762
	623,380	Snam Rete Gas S.p.A, (2)		2,865,556
	11,596	Williams Partners LP		399,250
		Total Oil, Gas & Consumable Fuels		19,983,949

		Real Estate Management & Development – 0.5%

	177,783	Atrium European Real Estate Ltd, (2)		875,312
	72,573	Brookfield Property Partners		1,392,676
	7,381	Hemfosa Fastigheter AB, (2)		89,664
	5,528	Landmark Infrastructure Partners LP		92,041
		Total Real Estate Management & Development		2,449,693

		Road & Rail – 0.8%

	916,867	Aurizon Holdings Limited, (2)		3,007,958
	576,177	Stagocoach Group PLC, (2)		1,069,784
		Total Road & Rail		4,077,742


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)


Shares		Description (1)					Value

		Semiconductors & Semiconductor Equipment – 0.2%

	970	Canadian Solar, Inc., (2)					$	916,169

		Trading Companies & Distributors – 0.1%

	24,326	Fortress Transportation & Investor, LLC						388,000

		Transportation Infrastructure – 2.5%

	125,118	Abertis Infraestructuras S.A, (2)						2,804,885
	373,284	Enav S.p.A, (2)						1,992,685
	2,265,894	Hopewell Highway Infrastructure Limited, (2)						1,384,264
	6,804,028	Hutchison Port Holdings Trust, (2)						2,015,714
	45,027	Macquarie Infrastructure Corporation						1,662,847
	94,999	Sydney Airport, (2)						492,548
	269,534	Transurban Group, (2)						2,376,914
	94,842	Zhejiang Expressway Company Limited, (2)						97,269
		Total Transportation Infrastructure						12,827,126

		Water Utilities – 1.0%

	891,742	Aguas Andinas SA. Class A						581,796
	42,637	Cia de Saneamento do Parana						774,878
	850,790	Inversiones Aguas Metropolitanas SA						1,563,797
	141,987	Pennon Group PLC, (2)						1,283,651
	119,620	United Utilities PLC, (2)						1,201,309
		Total Water Utilities						5,405,431
		Total Common Stocks (cost $274,596,042)						283,133,593

Shares		Description (1)	Coupon		Ratings (4)		Value

		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 27.7% (19.4% of Total Investments)

		Electric Utilities – 5.2%

	20,255	APT Pipelines Limited		6.290%		N/R	$	1,572,486
	129,699	Brookfield Infrastructure Partners LP		5.350%		BBB–		2,565,088
	84,109	Entergy Arkansas Inc.		4.875%		A		2,027,868
	32,062	Entergy Louisiana LLC		4.875%		A		772,694
	17,919	Entergy Texas Inc.		5.625%		A		454,605
	120,593	Georgia Power Company		5.000%		Baa1		2,961,764
	135,302	Integrys Energy Group Inc., (2)		6.000%		Baa1		3,551,678
	134,538	NextEra Energy Inc.		5.250%		BBB		3,351,342
	48,187	NextEra Energy Inc.		5.000%		BBB		1,193,110
	27,375	PPL Capital Funding, Inc.		5.900%		BBB		692,314
	144,218	Southern Company		5.250%		BBB		3,546,321
	166,049	Southern Company		5.250%		BBB		4,034,991
		Total Electric Utilities						26,724,261

		Equity Real Estate Investment Trusts – 17.1%

	93,343	American Homes 4 Rent		6.350%		N/R		2,315,840
	83,643	American Homes 4 Rent		5.875%		BB		1,965,610
	49,605	American Homes 4 Rent		5.500%		N/R		1,401,341
	38,585	American Homes 4 Rent		6.500%		N/R		965,011
	77,186	American Homes 4 Rent		5.875%		BB		1,786,856
	107,356	CBL & Associates Properties Inc.		7.375%		BB–		1,844,376
	27,209	Cedar Shopping Centers Inc., Series A		7.250%		N/R		622,542
	102,181	Cedar Shopping Centers Inc., Series A		6.500%		N/R		2,131,496
	162,846	City Office REIT, Inc.		6.625%		N/R		3,875,735
	44,514	Colony Northstar, Inc.		7.500%		N/R		1,034,951
	14,100	Colony Northstar, Inc.		7.150%		N/R		323,736
	54,749	Colony Northstar, Inc.		7.125%		N/R		1,258,680
	123,243	Colony Northstar, Inc.		7.125%		N/R		2,803,778
	12,121	DDR Corporation		6.500%		Ba1		280,116
	112,133	DDR Corporation		6.375%		BB		2,674,372
	83,057	Digital Realty Trust Inc.		5.250%		Baa3		1,986,723
	79,423	EPR Properties Inc.		5.750%		Baa3		1,791,783
	30,552	Farmland Partners, Inc.		6.000%		N/R		761,967


Shares		Description (1)	Coupon		Ratings (4)		Value

		Equity Real Estate Investment Trusts (continued)

	65,796	GGP, Inc.		6.375%		N/R	$	1,627,793
	27,053	Gladstone Commercial Corporation		7.000%		N/R		674,161
	60,259	Gramercy Property Trust		7.125%		BB+		1,545,643
	72,477	Hersha Hospitality Trust		6.875%		N/R		1,768,439
	117,598	Hersha Hospitality Trust		6.500%		N/R		2,732,978
	193,552	Hersha Hospitality Trust		6.500%		N/R		4,517,504
	133,995	Investors Real Estate Trust		6.625%		N/R		3,099,304
	60,884	Kimco Realty Corporation		5.250%		Baa2		1,338,839
	664	Kimco Realty Corporation		5.500%		Baa2		15,405
	589	Kimco Realty Corporation		5.125%		Baa2		12,970
	12	LaSalle Hotel Properties		6.375%		N/R		293
	83,982	LaSalle Hotel Properties		6.300%		N/R		2,033,204
	6,414	Mid-America Apartment Communities Inc.		8.500%		BBB–		406,006
	157,707	Monmouth Real Estate Investment Corp		6.125%		N/R		3,832,280
	32,968	National Retail Properties Inc.		5.200%		Baa2		763,869
	111,414	Pebblebrook Hotel Trust		6.500%		N/R		2,718,502
	82,654	Pebblebrook Hotel Trust		6.375%		N/R		2,042,380
	57,003	Penn Real Estate Investment Trust		6.875%		N/R		1,140,060
	65,694	PS Business Parks, Inc.		5.200%		Baa2		1,513,590
	50,067	PS Business Parks, Inc.		5.250%		BBB		1,172,569
	56	Public Storage, Inc.		5.050%		A3		1,344
	398	Rexford Industrial Realty Inc.		5.875%		BB		9,492
	33,247	Saul Centers, Inc.		6.125%		N/R		780,307
	3,948	Senior Housing Properties Trust		6.250%		BBB–		101,819
	42,912	STAG Industrial Inc.		6.875%		BB+		1,089,965
	41,004	Summit Hotel Properties Inc.		6.450%		N/R		1,008,698
	125,971	Summit Hotel Properties Inc.		6.250%		N/R		3,028,217
	21,254	Sunstone Hotel Investors Inc.		6.950%		N/R		533,688
	125,914	Sunstone Hotel Investors Inc.		6.450%		N/R		3,097,484
	19,173	Taubman Centers Incorporated, Series K		6.250%		N/R		460,919
	92,327	UMH Properties Inc.		8.000%		N/R		2,451,282
	133,708	UMH Properties Inc.		6.750%		N/R		3,344,037
	114,008	Urstadt Biddle Properties		6.750%		N/R		2,915,185
	63,120	Urstadt Biddle Properties		6.250%		N/R		1,565,376
	40,678	Ventas Realty LP		5.450%		BBB+		1,014,509
	140,877	Vornado Realty Trust.		5.250%		BBB–		3,237,353
	14,883	Washington Prime Group, Inc.		6.875%		Ba1		305,101
		Total Equity Real Estate Investment Trusts						87,725,478

		Independent Power & Renewable Electricity Producers – 0.3%

	63,257	Brookfield Renewable Partners, Preferred Equity		5.750%		BBB–		1,273,143

		Multi-Utilities – 3.0%

	229,789	Dominion Resources Inc.		5.250%		BBB–		5,570,085
	89,636	DTE Energy Company		5.250%		Baa2		2,163,813
	107,853	DTE Energy Company		6.000%		Baa2		2,820,356
	170,872	DTE Energy Company		5.375%		Baa2		4,215,412
	28,431	DTE Energy Company		5.250%		Baa2		694,569
		Total Multi-Utilities						15,464,235

		Oil, Gas & Consumable Fuels – 1.6%

	67,909	NGL Energy Partner LP		9.000%		N/R		1,578,205
	198,411	Nustar Energy LP		8.500%		B1		4,595,199
	44,461	Nustar Energy LP		7.625%		B1		969,250
	63,970	Pembina Pipeline Corporation		5.750%		BB+		1,306,361
		Total Oil, Gas & Consumable Fuels						8,449,015

		Real Estate Management & Development – 0.5%

	103,274	Landmark Infrastructure Partners LP		8.000%		N/R		2,461,019
		Total $25 Par (or similar) Retail Preferred (cost $146,751,115)						142,097,151


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)


Principal Amount (000)		(5)	Description (1)	Coupon		Maturity		Ratings (4)		Value

			CORPORATE BONDS – 25.7% (18.0% of Total Investments)

			Air Freight & Logistics – 0.2%

$	1,090		Mexico City Airport Trust, 144A		5.500%		7/31/47		BBB+	$	994,625

			Commercial Services & Supplies – 2.2%

	1,995		Advanced Disposal Services, Inc., 144A		5.625%		11/15/24		B		2,014,950
	2,210		Covanta Holding Corporation		5.875%		3/01/24		B1		2,165,800
	1,280		Covanta Holding Corporation		5.875%		7/01/25		B1		1,241,600
	1,245		GFL Environmental Inc., 144A		5.375%		3/01/23		B–		1,223,212
	2,325		Tervita Escrow Corporation, 144A		7.625%		12/01/21		B		2,358,875
	1,120		Waste Pro USA Inc., 144A		5.500%		2/15/26		B+		1,106,000
	1,025		Wrangler Buyer Corp., 144A		6.000%		10/01/25		CCC+		1,007,063
			Total Commercial Services & Supplies								11,117,500

			Communications Equipment – 0.3%

	1,400		ViaSat Inc., 144A		5.625%		9/15/25		BB–		1,347,920

			Construction & Engineering – 1.2%

	440		AECOM Technology Corporation		5.125%		3/15/27		BB–		425,150
	852	EUR	Channel Link Enterprises Finance PLC		1.854%		12/30/50		A2		1,011,651
	5,445,170	COP	Fideicomiso Ruta Al Mar., 144A		6.750%		2/15/44		BBB–		1,934,222
	2,500	EUR	Superstrada Pedemontana Veneta, 144A		0.663%		6/30/47		N/R		2,922,318
			Total Construction & Engineering								6,293,341

			Diversified Financial Services – 0.5%

	1,775		Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp., 144A		5.250%		10/01/25		BB		1,681,813
	900		Stoneway Capital Corporation, 144A		10.000%		3/01/27		B		977,697
			Total Diversified Financial Services								2,659,510

			Diversified Telecommunication Services – 0.7%

	1,257		Inmarsat Finance PLC, 144A		6.500%		10/01/24		BB+		1,275,855
	2,450		Zayo Group LLC / Zayo Capital Inc., 144A		5.750%		1/15/27		B		2,391,812
			Total Diversified Telecommunication Services								3,667,667

			Electric Utilities – 6.0%

	3,550		ACWA Power Management And Investment One Ltd, 144A		5.950%		12/15/39		BBB–		3,657,139
	1,512		Brooklyn Navy Yard Cogeneration Partners LP, 144A		7.420%		10/01/20		B+		1,451,324
	5,127		Crocket Cogeneration LP, 144A		5.869%		3/30/25		BB+		5,050,143
	1,400	GBP	Electricite de France S.A, Reg S		5.875%		7/22/64		BBB		1,983,922
	1,040		Exelon Corporation		6.250%		10/01/39		BBB		1,132,705
	1,540	GBP	InterGen NV, 144A		7.500%		6/30/21		B1		2,143,639
	1,734		Mirant Mid-Atlantic Series C Pass Through Trust		10.060%		12/30/28		B–		1,734,244
	4,270		NextEra Energy Inc.		4.800%		12/01/77		BBB		4,109,875
	3,545		Panoche Energy Center LLC, 144A		6.885%		7/31/29		Baa3		3,499,482
	4,265		Red Oak Power LLC		9.200%		11/30/29		BB–		4,872,762
	880		Terraform Global Operating LLC, 144A		6.125%		3/01/26		BB		886,600
			Total Electric Utilities								30,521,835

			Equity Real Estate Investment Trusts – 2.4%

	2,300		Care Capital Properties, Inc.		5.125%		8/15/26		BBB–		2,215,986
	1,285		CoreCivic, Inc.		4.750%		10/15/27		Ba1		1,207,900
	1,325		CyrusOne LP Finance		5.375%		3/15/27		BB+		1,321,687
	2,695		Geo Group Inc.		6.000%		4/15/26		B+		2,641,100
	1,290		Iron Mountain Inc., 144A		5.250%		3/15/28		BB–		1,214,212
	730		MPT Operating Partnership Finance		5.000%		10/15/27		BBB–		715,619
	2,195		SBA Communications Corporation		4.875%		9/01/24		B+		2,153,844
	590		Trust F/1401, 144A		6.950%		1/30/44		Baa2		615,075
			Total Equity Real Estate Investment Trusts								12,085,423


Principal Amount (000)		(5)	Description (1)	Coupon		Maturity		Ratings (4)		Value

			Gas Utilities – 1.5%

$	1,480		AmeriGas Partners LP/AmeriGas Finance Corporation		5.750%		5/20/27		BB	$	1,415,250
	677		Ferrellgas LP		6.750%		1/15/22		B–		641,457
	17,005	MXN	Gas Natural Mexico SA		7.670%		7/03/25		N/R		873,354
	17,500	MXN	Infraestructura Energetica Nova SAB de CV		6.300%		2/02/23		Baa1		891,268
	1,750		National Gas Company of Trinidad and Tobago, 144A		6.050%		1/15/36		BBB		1,793,750
	990		Rockpoint Gas Storage Canada Ltd, 144A		7.000%		3/31/23		BB–		988,763
	1,060		Suburban Propane Partners LP		5.875%		3/01/27		BB–		1,004,350
			Total Gas Utilities								7,608,192

			Health Care Providers & Services – 0.8%

	2,770		Community Health Systems, Inc.		6.250%		3/31/23		B2		2,551,862
	1,765		Tenet Healthcare Corp, 144A		4.625%		7/15/24		BB–		1,696,606
			Total Health Care Providers & Services								4,248,468

			Hotels, Restaurants & Leisure – 0.2%

	660		Grupo Posadas SAB de CV, 144A		7.875%		6/30/22		B+		684,090
	555		MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc.		4.500%		1/15/28		BB–		520,479
			Total Hotels, Restaurants & Leisure								1,204,569

			Independent Power & Renewable Electricity Producers – 1.0%

	1,410		Azure Power Energy Ltd, 144A		5.500%		11/03/22		Ba3		1,377,570
	1,080		Calpine Corporation, 144A		5.250%		6/01/26		BB+		1,042,200
	660		Capex SA, 144A		6.875%		5/15/24		B+		663,300
	735		GenOn Energy Inc., (6)		9.500%		10/15/18		N/R		588,000
	1,450		NRG Energy Inc., 144A		5.750%		1/15/28		BB–		1,417,375
			Total Independent Power & Renewable Electricity Producers								5,088,445

			Marine – 0.1%

	5,000	NOK	FJORD 1 ASA, Reg S		4.480%		11/22/22		N/R		644,193

			Mortgage Real Estate Investment Trusts – 0.3%

	1,725		Starwood Property Trust, 144A		4.750%		3/15/25		BB–		1,681,875

			Multi-Utilities – 0.2%

	1,045		Dominion Resources Inc.		5.750%		10/01/54		BBB–		1,104,043

			Oil, Gas & Consumable Fuels – 3.9%

	610		Abu Dhabi Crude Oil Pipeline LLC, 144A		4.600%		11/02/47		AA		592,615
	280		Calumet Specialty Products		6.500%		4/15/21		CCC+		271,600
	910		Calumet Specialty Products		7.625%		1/15/22		CCC+		900,900
	2,550		DCP Midstream Operating LP, 144A		5.850%		5/21/43		BB–		2,409,750
	920		Delek & Avner Tamar Bond Ltd, 144A		5.412%		12/30/25		BBB–		935,419
	2,755		Enterprise Products Operating LLC		5.375%		2/15/78		Baa2		2,633,538
	1,870		Genesis Energy LP		5.625%		6/15/24		BB–		1,762,475
	1,020	CAD	Gibson Energy, 144A		5.250%		7/15/24		BB		796,730
	125		Global Partners LP/GLP Finance		6.250%		7/15/22		B+		124,375
	450		Global Partners LP/GLP Finance		7.000%		6/15/23		B+		453,375
	1,335		Martin Mid-Stream Partners LP Finance		7.250%		2/15/21		B–		1,335,000
	1,035		NGL Energy Partners LP/Fin Co		7.500%		11/01/23		B+		1,038,881
	2,095		Par Petroleum LLC / Petroleum Finance Corp, 144A		7.750%		12/15/25		BB–		2,100,237
	2,120		PBF Holding Company LLC		7.250%		6/15/25		BB		2,202,150
	11,145	MXN	Petroleos Mexicanos, 144A		7.190%		9/12/24		A–		555,068
	1,075		Sunoco LP / Sunoco Finance Corp, 144A		5.875%		3/15/28		BB		1,038,719
	1,020		TransMontaigne Partners LP / TLP Finance Corp		6.125%		2/15/26		BB		1,022,550
			Total Oil, Gas & Consumable Fuels								20,173,382

			Real Estate Management & Development – 1.4%

	2,145		APL Realty Holdings Pte Ltd, Reg S		5.950%		6/02/24		Ba3		2,018,801
	3,310		Hunt Companies Inc., 144A		6.250%		2/15/26		BB–		3,195,375
	1,590		Kennedy-Wilson Holdings Incorporated		5.875%		4/01/24		BB		1,576,087
	200		RKI Overseas Finance 2016 B Ltd, Reg S		4.700%		9/06/21		BB–		191,299
			Total Real Estate Management & Development								6,981,562


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)


Principal Amount (000)		(5)	Description (1)	Coupon		Maturity		Ratings (4)		Value

			Road & Rail – 0.2%

$	1,170		Rumo Luxembourg Sarl, 144A		7.375%		2/09/24		BB–	$	1,252,134

			Transportation Infrastructure – 1.8%

	695		Aeropuertos Dominicanos SA, 144A		6.750%		3/30/29		BB–		752,338
	1,030		Delhi International Airport Ltd, 144A		6.125%		10/31/26		BB		1,034,181
	4,200	MXN	Grupo Aeroportuario Del Centro Norte, SAB de CV		6.850%		6/07/21		N/R		221,505
	2,080		Hidrovias International Finance SARL, 144A		5.950%		1/24/25		BB		2,059,616
	1,770	EUR	Swissport Financing Sarl, 144A		9.750%		12/15/22		CCC		2,275,914
	2,451		Terminales Portuarios, 144A		8.125%		4/01/37		BB		2,628,828
			Total Transportation Infrastructure								8,972,382

			Water Utilities – 0.5%

	2,460		AEGEA Finance SARL, 144A		5.750%		10/10/24		Ba2		2,435,400

			Wireless Telecommunication Services – 0.3%

	1,690		Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC, 144A		5.152%		3/20/28		Baa2		1,698,450
			Total Corporate Bonds (cost $133,083,935)								131,780,916

Principal Amount (000)		(5)	Description (1)	Coupon		Maturity		Ratings (4)		Value

			$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 20.6% (14.5% of Total Investments)

			Diversified Financial Services – 0.5%

$	930		National Rural Utilities Cooperative Finance Corporation		5.250%		4/20/46		A3	$	989,273
	1,325		RKP Overseas Finance 2016 A, Reg S		7.950%		N/A (7)		B1		1,303,581
			Total Diversified Financial Services								2,292,854

			Electric Utilities – 5.8%

	2,265		AES Gener SA, 144A		8.375%		12/18/73		BB		2,355,600
	9,358		Emera, Inc.		6.750%		6/15/76		BBB–		10,106,640
	3,540		Enel SpA, 144A		8.750%		9/24/73		BBB–		4,194,900
	1,260		Exelon Corporation		6.350%		3/15/33		Baa2		1,348,200
	1,399		FPL Group Capital Inc. (3-Month LIBOR reference rate + 2.068% spread), (17)		3.762%		10/01/66		BBB		1,367,522
	4,583		FPL Group Capital Inc. (3-Month LIBOR reference rate + 2.125% spread), (17)		3.713%		6/15/67		BBB		4,468,425
	1,270		PPL Capital Funding Inc. (3-Month LIBOR reference rate + 2.665% spread), (17)		4.977%		3/30/67		BBB		1,262,063
	4,817		WEC Energy Group, Inc. (3-Month LIBOR reference rate + 2.113% spread), (17)		3.951%		5/15/67		Baa1		4,696,575
			Total Electric Utilities								29,799,925

			Energy Equipment & Services – 3.7%

	5,819		TranCanada Pipelines Limited (3-Month LIBOR reference rate + 2.210% spread), (17)		4.049%		5/15/67		Baa1		5,578,966
	5,205		Transcanada Trust		5.875%		8/15/76		Baa2		5,426,213
	5,075		Transcanada Trust		5.625%		5/20/75		Baa2		5,201,875
	2,990		Transcanada Trust		5.300%		3/15/77		Baa2		2,952,625
			Total Energy Equipment & Services								19,159,679

			Equity Real Estate Investment Trusts – 0.2%

	1,500	SGD	Cache Logistics Trust, Reg S		5.500%		N/A (7)		N/R		1,145,327

			Gas Utilities – 0.2%

	750		Towngas Finance Ltd, Reg S		4.750%		N/A (7)		A–		755,012

			Multi-Utilities – 0.5%

	2,498		RWE AG, Reg S		6.625%		7/30/75		BB+		2,747,800


Principal Amount (000)		(5)	Description (1)	Coupon		Maturity		Ratings (4)		Value

			Oil, Gas & Consumable Fuels – 8.9%

$	2,040		Buckeye Partners LP		6.375%		1/22/78		Ba1	$	2,015,673
	901		DCP Midstream LP		7.375%		N/A (7)		BB–		897,621
	2,921		Enbridge Energy Partners LP (3-Month LIBOR reference rate + 3.798% spread), (17)		5.492%		10/01/37		BB+		2,846,894
	8,410		Enbridge Inc.		6.000%		1/15/77		BBB–		8,283,850
	9,315		Enbridge Inc.		5.500%		7/15/77		BBB–		8,825,963
	2,380		Enbridge Inc.		6.250%		3/01/78		BBB–		2,354,158
	5,214		Energy Transfer Partners LP (3-Month LIBOR reference rate + 3.018% spread), (17)		4.791%		11/01/66		Ba1		4,588,320
	901		Energy Transfer Partners		6.250%		N/A (7)		BB		861,581
	3,930		Enterprise Products Operating LLC (3-Month LIBOR reference rate + 2.778% spread), (17)		4.784%		6/01/67		Baa2		3,915,263
	1,634		Enterprise Products Operating LLC		4.875%		8/16/77		Baa2		1,602,954
	4,865		Enterprise Products Operating LLP		5.250%		8/16/77		Baa2		4,731,213
	4,985		Plains All American Pipeline L.P		6.125%		N/A (7)		BB		4,810,525
			Total Oil, Gas & Consumable Fuels								45,734,015

			Real Estate Management & Development – 0.8%

	4,250		AT Securities BV, Reg S		5.250%		N/A (7)		BBB–		4,137,375
			Total $1,000 Par (or similar) Institutional Preferred (cost $106,048,387)								105,771,987

Shares			Description (1)	Coupon				Ratings (4)		Value

			CONVERTIBLE PREFERRED SECURITIES – 7.2% (5.0% of Total Investments)

			Electric Utilities – 0.8%

	70,733		NextEra Energy Inc.		6.123%				BBB	$	4,078,465

			Equity Real Estate Investment Trusts – 2.6%

	86,247		Ashford Hospitality Prime, Inc.		5.500%				N/R		1,661,980
	3,145		Crown Castle International Corporation		6.875%				N/R		3,515,890
	31,505		EPR Properties Inc.		9.000%				BB		1,096,689
	2,802		EPR Properties Inc.		5.750%				BB		68,117
	16,068		Equity Commonwealth		6.500%				Baa3		417,607
	11,499		Lexington Corporate Properties Trust, Series B		6.500%				N/R		557,701
	103,217		Ramco-Gershenson Properties Trust		7.250%				N/R		5,388,960
	26,411		RLJ Lodging Trust		1.950%				B–		670,311
			Total Equity Real Estate Investment Trusts								13,377,255

			Multi-Utilities – 2.6%

	139,270		Dominion Resources Inc.		6.750%				BBB–		6,463,521
	70,094		DTE Energy Company		5.000%				N/R		3,651,196
	30,082		Sempra Energy Call Option		6.000%				N/R		3,079,494
			Total Multi-Utilities								13,194,211

			Oil, Gas & Consumable Fuels – 1.2%

	17,768		Enbridge Inc.		4.000%				BBB–		423,056
	134,198		Kinder Morgan Inc., Delaware		9.750%				N/R		4,172,216
	46,711		Anadarko Petroleum Corporation		7.500%				N/R		1,391,988
			Total Oil, Gas & Consumable Fuels								5,987,260
			Total Convertible Preferred Securities (cost $39,468,670)								36,637,191

Shares			Description (1), (8)							Value

			INVESTMENT COMPANIES – 1.4% (1.0% of Total Investments)

	670,648		John Laing Infrastructure Fund							$	1,061,820
	11,583,116		Keppel Infrastructure Trust								4,737,836
	487,451		NextEnergy Solar Fund Limited								759,123
	593,230		Starwood European Real Estate Finance Limited								865,594
			Total Investment Companies (cost $6,885,763)								7,424,373


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)

Principal
Amount (000)

Description (1)

Coupon

Maturity

Ratings (4)

Value

CONVERTIBLE BONDS – 1.3% (0.9% of Total Investments)

Oil, Gas & Consumable Fuels – 1.0%

6,375

Cheniere Energy Inc.

4.250%

3/15/45

N/R

4,947,924

Real Estate Management & Development – 0.3%

1,480

Tricon Capital Group Inc., 144A

5.750%

3/31/22

N/R

1,524,400

7,855

Total Convertible Bonds (cost $5,953,377)

6,472,324

Principal
Amount (000)

Description (1)

Interest
Rate (9)

Maturity (9)

Value

WHOLE LOANS – 1.1% (0.8% of Total Investments) (10), (11)

Commercial Loans – 0.7%

13,956

NCH Commercial Pool 2, NCH Corporation, (12), (13), (14)

11.925%

8/01/14

3,384,343

Multifamily Loans – 0.4%

4,383

NCH Multifamily Pool 2, NCH Corporation, (12), (13), (14)

11.925%

8/01/14

2,255,517

18,339

Total Whole Loans (cost $18,850,284)

5,639,860

Principal
Amount (000)

(5)

Description (1)

Coupon

Maturity

Ratings (4)

Value

SOVEREIGN DEBT – 0.5% (0.4% of Total Investments)

Costa Rica – 0.1%

425

Instituto Costarricense de Electricidad, 144A

6.375%

5/15/43

374,808

India – 0.4%

140,000

INR

National Highways Authority of India, Reg S

7.300%

5/18/22

N/R

2,137,228

Total Sovereign Debt (cost $2,576,221)

2,512,036

Principal
Amount (000)

Description (1)

Coupon (15)

Reference
Rate (15)

Spread (15)

Maturity (16)

Ratings (4)

Value

VARIABLE RATE SENIOR LOAN INTERESTS – 0.3% (0.2% of Total Investments) (15)

Electric Utilities – 0.2%

790

Panda Liberty LLC, Term Loan B, (WI/DD)

TBD

BB–

741,810

Equity Real Estate Investment Trusts – 0.1%

525

Iron Mountain Inc., Term Loan B, (WI/DD)

TBD

524,236

1,315

Total Variable Rate Senior Loan Interests (cost $1,274,188)

1,266,046

Shares

Description (1)

Value

COMMON STOCK RIGHTS – 0.0% (0.0% of Total Investments)

18,083

Immobiliare Grande Distribuzione SIIQ SpA

19,237

Total Common Stock Rights (cost $–)

19,237

Total Long-Term Investments (cost $735,487,982)

722,754,714

Principal
Amount (000)

Description (1)

Coupon

Maturity

Value

SHORT-TERM INVESTMENTS – 1.6% (1.1% of Total Investments)

REPURCHASE AGREEMENTS – 1.6% (1.1% of Total Investments)

8,374

Repurchase Agreement with Fixed Income Clearing Corporation,
dated 3/29/18, repurchase price $8,374,339, collateralized by $8,755,000 U.S. Treasury Notes, 2.125%, due 9/30/24, value $8,545,782

0.740%

4/02/18

8,373,650

Total Short-Term Investments (cost $8,373,650)

8,373,650

Total Investments (cost $743,861,632) – 142.6%

731,128,364

Borrowings – (43.9)% (18), (19)

(225,225,000

)

Other Assets Less Liabilities – 1.3% (20)

6,879,152

Net Assets – 100%

512,782,516

Investments in Derivatives

Futures Contracts


Description	Contract Position		Number of Contracts			Expiration Date		Notional Amount			Value			Unrealized Appreciation (Depreciation)			Variation Margin Receivable/ (Payable)
U.S. Treasury 5-Year Note		Short		(62	)		6/18	$	(7,078,991	)	$	(7,096,578	)	$	(17,587	)	$	(6,781	)
U.S. Treasury Long Bond		Short		(50	)		6/18		(7,181,925	)		(7,331,250	)		(149,325	)		(37,500	)
U.S. Treasury Ultra Bond		Short		(20	)		6/18		(3,113,393	)		(3,209,375	)		(95,982	)		(23,125	)
								$	(17,374,309	)	$	(17,637,203	)	$	(262,894	)	$	(67,406	)

Interest Rate Swaps – OTC Uncleared

Counterparty

Notional
Amount

Fund
Pay/Receive
Floating Rate

Floating Rate Index

Fixed Rate
(Annualized)

Fixed Rate
Payment
Frequency

Effective
Date (21)

Optional
Termination
Date

Maturity
Date

Value

Unrealized
Appreciation
(Depreciation)

Morgan Stanley Capital Securities LLC

112,400,000

Receive

1-Month LIBOR

1.994

Monthly

6/01/18

7/01/25

7/01/27

3,922,186

Fair Value Measurements

Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.


Level 1 –		Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –		Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –		Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)

The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:


	Level 1			Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	146,962,296		$	136,171,297	$	—	$	283,133,593
$25 Par (or similar) Retail Preferred		138,545,473			3,551,678		—		142,097,151
Corporate Bonds		—			131,780,916		—		131,780,916
$1,000 Par (or similar) Institutional Preferred		—			105,771,987		—		105,771,987
Convertible Preferred Securities		36,637,191			—		—		36,637,191
Investment Companies		7,424,373			—		—		7,424,373
Convertible Bonds		—			6,472,324		—		6,472,324
Whole Loans		—			—		5,639,860		5,639,860
Sovereign Debt		—			2,512,036		—		2,512,036
Variable Rate Senior Loan Interests		—			1,266,046		—		1,266,046
Common Stock Rights		19,237			—		—		19,237

Short-Term Investments:
Repurchase Agreements		—			8,373,650		—		8,373,650

Investments in Derivatives:
Futures Contracts*		(262,894	)		—		—		(262,894	)
Interest Rate Swaps*		—			3,922,186		—		3,922,186
Total	$	329,325,376		$	399,822,120	$	5,639,860	$	734,787,656

*	Represents net unrealized appreciation (depreciation).

The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:


	Level 3
	Whole Loans
Balance at the beginning of period	$	—
Investments acquired in the Reorganization		8,698,758
Gains (losses):
Net realized gains (losses)		(1,633,581	)
Change in net unrealized appreciation (depreciation)		1,498,013
Purchases at cost		—
Sales at proceeds		(2,923,330	)
Net discounts (premiums)		—
Transfers into		—
Transfers (out of)		—
Balance at the end of period	$	5,639,860

The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of the end of the reporting period, were as follows:

Market Value

Techniques

Unobservable Input

Range

Commercial & Multifamily Whole Loans

5,639,860

Sales Comparison Approach (50% Weighting)

Appraisal Estimate

5.7mm -7.6mm

Income Capitalization Approach (50% Weighting)

Appraisal Estimate

4.6mm

The table below presents the transfers in and out of the three valuation levels for the Fund as of the end of the reporting period when compared to the valuation levels at the end of the previous fiscal year. Changes in valuation inputs or methodologies may result in transfers into or out of an assigned level within the fair value hierarchy. Transfers in or out of levels are generally due to the availability of publicly available information and to the significance or extent the Adviser determines that the valuation inputs or methodologies may impact the valuation of those securities.


	Level 1					Level 2				Level 3
	Transfers In		(Transfers Out)			Transfers In		(Transfers Out)		Transfers In		(Transfers Out)
Common Stocks	$	—	$	(56,703,179	)	$	56,703,179	$	—	$	—	$	—

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

The tables below present the cost and unrealized appreciation (depreciation) of the Fund’s investment portfolio, as determined on a federal income tax basis, as of March 31, 2018.

For income tax purposes of this disclosure, derivative tax cost is generally the sum of any upfront fees or premiums exchanged and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting. If a particular derivative category does not disclose any tax unrealized appreciation or depreciation, the change in the value of those derivatives have generally been fully realized for tax purposes.


Tax cost of investments	$	757,224,356
Gross unrealized:
Appreciation	$	24,275,692
Depreciation		(50,371,684	)
Net unrealized appreciation (depreciation) of investments	$	(26,095,992	)

Tax cost of futures	$	(262,894	)
Net unrealized appreciation (depreciation) of futures		—

Tax cost of swap contracts	$	—
Net unrealized appreciation (depreciation) of swaps		3,922,186


JRI		Nuveen Real Asset Income and Growth Fund (continued)
JRI		Portfolio of Investments March 31, 2018
		(Unaudited)

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1)	All percentages shown in the Portfolio of Investments are based on net assets unless otherwise noted.

(2)	For fair value measurement disclosure purposes, investment classified as Level 2.

(3)	Non-income producing; issuer has not declared a dividend within the past twelve months.

(4)

For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(5)	Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted.

(6)

As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.

(7)	Perpetual security. Maturity date is not applicable.

(8)	A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.

(9)	Represents the interest rate, coupon and maturity in effect as of the end of the reporting period.

(10)	Interest rates on whole loans are the net coupon rates in effect (after reducing the coupon rate by any mortgage servicing fees paid to mortgage servicers) as of the end of the reporting period.

(11)	Securities purchased as part of a private placement, which have not been registered with U.S. Securities and Exchange Commission under the Securities Act of 1933 and which are considered to be illiquid.

(12)	Interest only – Represents securities that entitle holders to receive only interest payments on the mortgage. Principal balance on the loan is due at maturity. The interest rate disclosed represents the net coupon rate in effect as of the end of the reporting period.

(13)	Loan is currently default with regards to scheduled interest and/or principal payments.

(14)	Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3 unless otherwise noted.

(15)

Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate (Reference Rate) plus an assigned fixed rate (Spread). These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. The rate shown is the coupon as of the end of the reporting period.

(16)

Senior loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a borrower to prepay, prepayments of senior loans may occur. As a result, the actual remaining maturity of senior loans held may be substantially less than the stated maturities shown.

(17)	Variable rate security. The rate shown is the coupon as of the end of the reporting period.

(18)	The Fund segregates 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives) in the Portfolio of Investments as collateral for borrowings.

(19)	Borrowings as a percentage of total investments is 30.8%.

(20)	Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable.

(21)	Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract.

144A	Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

CAD	Canadian Dollar

COP	Columbian Peso

EUR

Euro

GBP	Pound Sterling

INR	Indian Rupee

LIBOR

London Inter-Bank Offered Rate

MXN	Mexican Peso

NOK	Norwegian Krone

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States.

REIT	Real Estate Investment Trust

SGD	Singapore Dollar

TBD

Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will provide the Fund with the final coupon rate and maturity date.

WI/DD

Purchased on a when-issued or delayed delivery basis.

Item 2. Controls and Procedures.

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 Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(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 registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT 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.


(Registrant)		Nuveen Real Asset Income and Growth Fund

By (Signature and Title)		/s/ Gifford R. Zimmerman
		Gifford R. Zimmerman
		Vice President and Secretary

Date: May 30, 2018

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.


By (Signature and Title)		/s/ Cedric H. Antosiewicz
		Cedric H. Antosiewicz
		Chief Administrative Officer (principal executive officer)

Date: May 30, 2018

By (Signature and Title)		/s/ Stephen D. Foy
		Stephen D. Foy
		Vice President and Controller (principal financial officer)

Date: May 30, 2018