Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
28 Dezember 2023 - 6:34PM
Edgar (US Regulatory)
Nuveen
Preferred
&
Income
Securities
Fund
Portfolio
of
Investments
October
31,
2023
(Unaudited)
Principal
Amount
(000)
/Shares
Description
(a)
Coupon
Maturity
Value
LONG-TERM
INVESTMENTS
-
154.0%
(99.6%
of
Total
Investments)
X
–
$1,000
PAR
(OR
SIMILAR)
INSTITUTIONAL
PREFERRED
-
82
.5
%
(
53
.3
%
of
Total
Investments)
X
1,188,120,328
Banks
-
36.6%
$
45,134
Bank
of
America
Corp
6.125%
N/A
(b)
$
42,435,896
9,300
Bank
of
America
Corp
6.500%
N/A
(b)
9,178,007
5,300
Bank
of
America
Corp
6.100%
N/A
(b)
5,110,121
2,861
Bank
of
America
Corp
8.050%
6/15/27
2,964,145
6,800
Bank
of
America
Corp
4.375%
N/A
(b)
5,488,287
3,000
Bank
of
Nova
Scotia/The
4.900%
N/A
(b)
2,737,581
10,550
Bank
of
Nova
Scotia/The
8.625%
10/27/82
10,320,486
5,600
Citigroup
Inc
7.625%
N/A
(b)
5,392,482
4,520
Citigroup
Inc
7.375%
N/A
(b)
4,311,084
27,500
Citigroup
Inc
3.875%
N/A
(b)
23,056,421
8,500
Citigroup
Inc
4.150%
N/A
(b)
6,618,223
19,799
Citigroup
Inc
4.000%
N/A
(b)
16,999,087
3,976
Citizens
Financial
Group
Inc
5.650%
N/A
(b)
3,438,756
7,500
Citizens
Financial
Group
Inc
4.000%
N/A
(b)
5,106,517
3,400
Citizens
Financial
Group
Inc
6.375%
N/A
(b)
2,764,717
14,000
CoBank
ACB
6.250%
N/A
(b)
13,192,940
5,000
CoBank
ACB
6.450%
N/A
(b)
4,644,692
6,100
(c)
Corestates
Capital
III
(TSFR3M
reference
rate
+
0.832%
spread),
144A
6.196%
2/15/27
5,783,184
2,000
(c)
First
Maryland
Capital
I
(TSFR3M
reference
rate
+
1.262%
spread)
6.655%
1/15/27
1,810,670
30,000
HSBC
Capital
Funding
Dollar
1
LP,
144A
10.176%
N/A
(b)
36,205,830
8,000
HSBC
Capital
Funding
Dollar
1
LP,
Reg
S
10.176%
N/A
(b)
9,654,888
11,000
(d)
Huntington
Bancshares
Inc/OH
5.625%
N/A
(b)
8,554,172
25,000
(d)
Huntington
Bancshares
Inc/OH
4.450%
N/A
(b)
18,655,860
4,000
(d)
JPMorgan
Chase
&
Co
6.100%
N/A
(b)
3,945,499
2,000
(d)
JPMorgan
Chase
&
Co
3.650%
N/A
(b)
1,734,948
33,990
JPMorgan
Chase
&
Co
6.750%
N/A
(b)
33,964,198
8,000
KeyCorp
Capital
III
7.750%
7/15/29
7,101,039
4,300
(d)
M&T
Bank
Corp
3.500%
N/A
(b)
2,875,442
16,325
PNC
Financial
Services
Group
Inc/The
6.200%
N/A
(b)
14,524,114
25,500
PNC
Financial
Services
Group
Inc/The
6.250%
N/A
(b)
20,986,520
6,200
(d)
PNC
Financial
Services
Group
Inc/The
3.400%
N/A
(b)
4,461,157
3,000
(d)
PNC
Financial
Services
Group
Inc/The
6.000%
N/A
(b)
2,514,780
2,000
(d)
Regions
Financial
Corp
5.750%
N/A
(b)
1,834,593
24,100
Standard
Chartered
PLC,
144A
7.014%
N/A
(b)
22,116,710
32,700
(d)
Toronto-Dominion
Bank/The
8.125%
10/31/82
32,080,731
36,386
Truist
Financial
Corp
4.800%
N/A
(b)
29,818,778
35,900
Truist
Financial
Corp
4.950%
N/A
(b)
32,559,117
22,580
Wells
Fargo
&
Co
7.950%
11/15/29
23,816,494
47,650
(d)
Wells
Fargo
&
Co
3.900%
N/A
(b)
41,272,524
6,723
Wells
Fargo
&
Co
5.875%
N/A
(b)
6,531,761
Total
Banks
526,562,451
Capital
Goods
-
0.3%
5,700
(d)
Stanley
Black
&
Decker
Inc
4.000%
3/15/60
4,678,876
Total
Capital
Goods
4,678,876
Energy
-
3.4%
5,900
(d)
BP
Capital
Markets
PLC
4.375%
N/A
(b)
5,601,396
16,000
Enbridge
Inc
5.750%
7/15/80
13,336,872
13,300
Enbridge
Inc
7.625%
1/15/83
11,896,066
16,805
(d)
Enterprise
Products
Operating
LLC
5.250%
8/16/77
14,422,417
Nuveen
Preferred
&
Income
Securities
Fund
(continued)
Portfolio
of
Investments
October
31,
2023
(Unaudited)
Principal
Amount
(000)
/Shares
Description
(a)
Coupon
Maturity
Value
Energy
(continued)
$
4,560
(d)
Transcanada
Trust
5.600%
3/07/82
$
3,519,509
Total
Energy
48,776,260
Financial
Services
-
16.9%
8,500
Ally
Financial
Inc
4.700%
N/A
(b)
5,517,339
7,400
Ally
Financial
Inc
4.700%
N/A
(b)
4,320,192
40,908
American
Express
Co
3.550%
N/A
(b)
32,112,780
35,600
Bank
of
New
York
Mellon
Corp/The
3.750%
N/A
(b)
27,554,617
17,533
Bank
of
New
York
Mellon
Corp/The
4.700%
N/A
(b)
16,594,474
10,000
Bank
of
New
York
Mellon
Corp/The
3.700%
N/A
(b)
8,602,539
13,400
Capital
One
Financial
Corp
3.950%
N/A
(b)
9,326,136
33,705
Charles
Schwab
Corp/The
5.375%
N/A
(b)
32,004,856
38,550
Charles
Schwab
Corp/The
4.000%
N/A
(b)
30,596,019
3,989
Corebridge
Financial
Inc
6.875%
12/15/52
3,685,288
7,500
Depository
Trust
&
Clearing
Corp/The,
144A
3.375%
N/A
(b)
5,554,423
10,000
Discover
Financial
Services
6.125%
N/A
(b)
9,234,135
7,600
Goldman
Sachs
Group
Inc/The
4.950%
N/A
(b)
6,999,225
20,500
Goldman
Sachs
Group
Inc/The
3.650%
N/A
(b)
15,886,502
12,000
Goldman
Sachs
Group
Inc/The
5.500%
N/A
(b)
11,701,466
12,800
(d)
Scentre
Group
Trust
2,
144A
4.750%
9/24/80
11,492,108
12,700
Voya
Financial
Inc
7.748%
N/A
(b)
12,468,668
Total
Financial
Services
243,650,767
Food,
Beverage
&
Tobacco
-
0.4%
6,705
Dairy
Farmers
of
America
Inc,
144A
7.125%
N/A
(b)
6,034,500
Total
Food,
Beverage
&
Tobacco
6,034,500
Insurance
-
16.4%
3,598
(d)
ACE
Capital
Trust
II
9.700%
4/01/30
4,122,239
10,500
Allianz
SE,
144A
3.500%
N/A
(b)
8,635,960
12,400
Allianz
SE
,
Reg
S
3.500%
N/A
(b)
10,198,658
7,200
(d)
American
International
Group
Inc
5.750%
4/01/48
6,551,636
2,299
Aon
Corp
8.205%
1/01/27
2,411,166
6,210
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
,
Reg
S
5.750%
8/15/50
5,962,221
2,100
Argentum
Netherlands
BV
for
Swiss
Re
Ltd
,
Reg
S
5.625%
8/15/52
1,958,250
1,550
Cloverie
PLC
for
Zurich
Insurance
Co
Ltd
,
Reg
S
5.625%
6/24/46
1,484,125
7,900
Legal
&
General
Group
PLC
,
Reg
S
5.250%
3/21/47
7,248,250
5,000
Liberty
Mutual
Group
Inc,
144A
4.125%
12/15/51
3,969,551
29,600
MetLife
Capital
Trust
IV,
144A
7.875%
12/15/37
30,140,555
3,000
(d)
MetLife
Inc
10.750%
8/01/39
3,786,444
11,300
MetLife
Inc
3.850%
N/A
(b)
10,273,940
36,531
(d)
MetLife
Inc,
144A
9.250%
4/08/38
39,568,918
41,904
(d)
Nationwide
Financial
Services
Inc
6.750%
5/15/37
37,888,817
20,600
(d)
Nippon
Life
Insurance
Co,
144A
2.750%
1/21/51
15,817,090
6,500
Prudential
Financial
Inc
3.700%
10/01/50
5,121,106
3,000
Prudential
Financial
Inc
6.000%
9/01/52
2,683,691
14,900
(d)
Sumitomo
Life
Insurance
Co,
144A
3.375%
4/15/81
12,049,608
8,700
Willow
No
2
Ireland
PLC
for
Zurich
Insurance
Co
Ltd
,
Reg
S
4.250%
10/01/45
8,008,350
23,794
Zurich
Finance
Ireland
Designated
Activity
Co
,
Reg
S
3.000%
4/19/51
17,697,263
Total
Insurance
235,577,838
Telecommunication
Services
-
1.1%
16,516
Vodafone
Group
PLC
7.000%
4/04/79
15,969,682
Total
Telecommunication
Services
15,969,682
Transportation
-
0.6%
9,500
BNSF
Funding
Trust
I
6.613%
12/15/55
9,151,550
Total
Transportation
9,151,550
Principal
Amount
(000)
/Shares
Description
(a)
Coupon
Maturity
Value
Utilities
-
6.8%
$
500
Algonquin
Power
&
Utilities
Corp
4.750%
1/18/82
$
394,720
8,500
American
Electric
Power
Co
Inc
3.875%
2/15/62
6,675,257
16,200
CMS
Energy
Corp
3.750%
12/01/50
11,662,127
42,533
Dominion
Energy
Inc
4.650%
N/A
(b)
38,626,991
3,233
Dominion
Energy
Inc
4.350%
N/A
(b)
2,630,532
35,149
Duke
Energy
Corp
4.875%
N/A
(b)
34,010,984
2,000
Duke
Energy
Corp
3.250%
1/15/82
1,436,832
2,500
Southern
Co/The
4.000%
1/15/51
2,280,961
Total
Utilities
97,718,404
Total
$1,000
Par
(or
similar)
Institutional
Preferred
(cost
$1,346,306,779)
1,188,120,328
Principal
Amount
(000)
Description
(a)
,(e)
Coupon
Maturity
Value
X
–
CONTINGENT
CAPITAL
SECURITIES
-
52
.0
%
(
33
.6
%
of
Total
Investments)
X
748,874,459
Banks
-
45.1%
$
2,800
Australia
&
New
Zealand
Banking
Group
Ltd/United
Kingdom,
144A
6.750%
N/A
(b)
$
2,716,560
11,800
Banco
Bilbao
Vizcaya
Argentaria
SA
6.125%
N/A
(b)
9,370,464
15,600
Banco
Bilbao
Vizcaya
Argentaria
SA
9.375%
N/A
(b)
15,042,316
17,800
Banco
Bilbao
Vizcaya
Argentaria
SA
6.500%
N/A
(b)
16,769,704
8,800
Banco
Santander
SA
4.750%
N/A
(b)
6,328,348
22,800
Banco
Santander
SA
,
Reg
S
7.500%
N/A
(b)
22,092,562
26,000
Barclays
PLC
8.000%
N/A
(b)
25,429,152
9,900
BNP
Paribas
SA,
144A
9.250%
N/A
(b)
10,063,241
13,000
BNP
Paribas
SA,
144A
8.500%
N/A
(b)
12,456,453
5,500
BNP
Paribas
SA,
144A
7.000%
N/A
(b)
4,906,423
10,000
BNP
Paribas
SA
,
Reg
S
7.375%
N/A
(b)
9,741,873
2,500
BNP
Paribas
SA,
144A
7.750%
N/A
(b)
2,317,933
38,585
BNP
Paribas
SA,
144A
7.375%
N/A
(b)
37,589,017
26,000
BNP
Paribas
SA,
144A
4.625%
N/A
(b)
20,502,412
2,000
Credit
Agricole
SA,
144A
4.750%
N/A
(b)
1,480,413
4,466
Credit
Agricole
SA
,
Reg
S
8.125%
N/A
(b)
4,410,175
31,550
Credit
Agricole
SA,
144A
8.125%
N/A
(b)
31,155,625
19,653
Credit
Agricole
SA,
144A
7.875%
N/A
(b)
19,554,735
5,000
Danske
Bank
A/S
,
Reg
S
4.375%
N/A
(b)
4,269,860
11,588
Danske
Bank
A/S
,
Reg
S
6.125%
N/A
(b)
11,399,695
10,500
Danske
Bank
A/S
,
Reg
S
7.000%
N/A
(b)
10,030,848
33,192
DNB
Bank
ASA
,
Reg
S
4.875%
N/A
(b)
31,691,731
4,900
HSBC
Holdings
PLC
8.000%
N/A
(b)
4,808,125
3,000
(d)
HSBC
Holdings
PLC
4.600%
N/A
(b)
2,169,026
1,600
HSBC
Holdings
PLC
6.000%
N/A
(b)
1,393,544
10,000
ING
Groep
NV
5.750%
N/A
(b)
8,795,450
26,700
ING
Groep
NV
6.500%
N/A
(b)
24,981,846
9,600
Intesa
Sanpaolo
SpA,
144A
7.700%
N/A
(b)
8,965,142
48,428
Lloyds
Banking
Group
PLC
7.500%
N/A
(b)
47,196,551
8,500
Lloyds
Banking
Group
PLC
8.000%
N/A
(b)
7,463,910
3,000
Lloyds
Banking
Group
PLC
7.500%
N/A
(b)
2,783,400
4,500
(d)
Lloyds
Banking
Group
PLC
6.750%
N/A
(b)
4,147,753
5,075
Macquarie
Bank
Ltd/London,
144A
6.125%
N/A
(b)
4,492,050
14,250
NatWest
Group
PLC
8.000%
N/A
(b)
13,833,829
17,000
NatWest
Group
PLC
6.000%
N/A
(b)
15,573,844
5,000
(d)
NatWest
Group
PLC
4.600%
N/A
(b)
3,225,390
35,090
(d)
Nordea
Bank
Abp,
144A
6.125%
N/A
(b)
33,939,785
18,988
Nordea
Bank
Abp
,
Reg
S
6.125%
N/A
(b)
18,365,592
26,400
Nordea
Bank
Abp,
144A
6.625%
N/A
(b)
24,680,148
10,000
Skandinaviska
Enskilda
Banken
AB
,
Reg
S
5.125%
N/A
(b)
9,425,903
Nuveen
Preferred
&
Income
Securities
Fund
(continued)
Portfolio
of
Investments
October
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(a),(e)
Coupon
Maturity
Value
Banks
(continued)
$
9,000
Societe
Generale
SA
,
Reg
S
7.875%
N/A
(b)
$
8,917,507
4,550
Societe
Generale
SA,
144A
5.375%
N/A
(b)
3,263,288
73,300
Societe
Generale
SA,
144A
8.000%
N/A
(b)
71,795,921
7,200
Svenska
Handelsbanken
AB
,
Reg
S
4.375%
N/A
(b)
6,202,818
15,000
UniCredit
SpA
,
Reg
S
8.000%
N/A
(b)
14,775,000
Total
Banks
650,515,362
Financial
Services
-
6.9%
35,300
UBS
Group
AG
,
Reg
S
6.875%
N/A
(b)
33,211,652
25,000
(d)
UBS
Group
AG,
144A
3.875%
N/A
(b)
20,340,673
24,000
UBS
Group
AG,
144A
4.875%
N/A
(b)
19,736,952
10,800
UBS
Group
AG
,
Reg
S
5.125%
N/A
(b)
9,596,070
10,000
(d)
UBS
Group
AG
,
Reg
S
3.875%
N/A
(b)
8,136,021
7,400
UBS
Group
AG,
144A
7.000%
N/A
(b)
7,337,729
Total
Financial
Services
98,359,097
Total
Contingent
Capital
Securities
(cost
$819,085,234)
748,874,459
Shares
Description
(a)
Coupon
Value
X
–
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
-
12
.6
%
(
8
.2
%
of
Total
Investments)
X
181,905,780
Banks
-
2.7%
18,682
Associated
Banc-Corp
5.625%
$
312,176
17,741
Bank
of
America
Corp
5.375%
366,529
1,327
Bank
of
America
Corp
5.000%
25,744
325,947
Citigroup
Inc
6.875%
8,269,275
53,000
CoBank
ACB
6.200%
5,117,150
64,366
Fifth
Third
Bancorp
6.625%
1,568,600
50,000
Fifth
Third
Bancorp
4.950%
957,500
61,023
Fulton
Financial
Corp
5.125%
931,211
11,474
JPMorgan
Chase
&
Co
5.750%
262,525
679,293
KeyCorp
6.125%
12,125,380
189,461
(d)
KeyCorp
6.200%
3,165,893
188,700
(d)
Regions
Financial
Corp
5.700%
3,368,295
16,839
Regions
Financial
Corp
4.450%
248,880
72,519
Truist
Financial
Corp
4.750%
1,293,014
30,000
Wells
Fargo
&
Co
4.700%
530,100
Total
Banks
38,542,272
Equity
Real
Estate
Investment
Trusts
(Reits)
-
1.9%
1,530
Digital
Realty
Trust
Inc
5.250%
29,590
9,405
Digital
Realty
Trust
Inc
5.200%
183,209
5,424
Kimco
Realty
Corp
5.125%
104,141
30,311
Kimco
Realty
Corp
5.250%
606,523
85,281
Prologis
Inc
8.540%
4,639,286
164,995
(d)
Public
Storage
4.750%
3,083,757
137,960
Public
Storage
4.000%
2,175,629
112,196
Public
Storage
4.125%
1,841,136
49,813
Public
Storage
4.100%
804,480
3,000
Public
Storage
5.150%
63,330
29,932
Public
Storage
3.875%
456,463
18,628
Public
Storage
3.950%
287,803
14,377
Public
Storage
4.700%
264,681
203,213
Public
Storage
5.600%
4,509,296
7,735
Public
Storage
3.900%
119,506
196,121
Public
Storage
4.625%
3,628,239
304,180
Public
Storage
4.000%
4,803,002
Total
Equity
Real
Estate
Investment
Trusts
(Reits)
27,600,071
Shares
Description
(a)
Coupon
Value
Financial
Services
-
3.3%
173,947
Affiliated
Managers
Group
Inc
4.750%
$
2,840,554
142,027
Affiliated
Managers
Group
Inc
5.875%
2,814,975
112,294
Affiliated
Managers
Group
Inc
4.200%
1,722,590
105,300
AgriBank
FCB
6.875%
10,530,000
131,816
Capital
One
Financial
Corp
4.800%
2,073,466
62,097
Capital
One
Financial
Corp
5.000%
1,011,560
35,878
Capital
One
Financial
Corp
4.250%
508,750
248,158
Equitable
Holdings
Inc
5.250%
4,474,289
145,721
Equitable
Holdings
Inc
4.300%
2,098,382
604,790
Morgan
Stanley
5.850%
13,220,709
79,774
Northern
Trust
Corp
4.700%
1,547,616
66,696
State
Street
Corp
5.900%
1,677,404
24,793
State
Street
Corp
5.350%
542,223
90,061
Stifel
Financial
Corp
4.500%
1,395,045
5,077
Stifel
Financial
Corp
5.200%
95,448
54,092
(d)
Voya
Financial
Inc
5.350%
1,119,164
Total
Financial
Services
47,672,175
Food,
Beverage
&
Tobacco
-
0.2%
32,500
Dairy
Farmers
of
America
Inc,
144A
7.875%
2,916,875
Total
Food,
Beverage
&
Tobacco
2,916,875
Insurance
-
1.5%
297,806
Allstate
Corp/The
8.820%
7,674,461
4,200
Allstate
Corp/The
7.375%
108,234
4,824
American
Financial
Group
Inc/OH
5.125%
92,187
83,695
American
Financial
Group
Inc/OH
5.875%
1,855,518
68,848
American
Financial
Group
Inc/OH
5.625%
1,428,596
18,319
American
Financial
Group
Inc/OH
4.500%
313,438
21,825
American
International
Group
Inc
5.850%
488,880
13,179
Arch
Capital
Group
Ltd
4.550%
227,997
34,439
Arch
Capital
Group
Ltd
5.450%
702,900
1,986
Assurant
Inc
5.250%
37,178
985
Globe
Life
Inc
4.250%
17,218
3,839
Hartford
Financial
Services
Group
Inc/The
6.000%
87,721
56,568
MetLife
Inc
4.750%
1,059,519
152,845
(d)
Prudential
Financial
Inc
5.950%
3,685,093
2,847
Prudential
Financial
Inc
4.125%
50,961
79,019
Reinsurance
Group
of
America
Inc
7.125%
2,014,984
9,763
RenaissanceRe
Holdings
Ltd
5.750%
210,197
40,000
RenaissanceRe
Holdings
Ltd
4.200%
617,200
20,000
W
R
Berkley
Corp
4.125%
320,400
41,233
W
R
Berkley
Corp
4.250%
737,658
8,091
W
R
Berkley
Corp
5.100%
157,694
17,555
W
R
Berkley
Corp
5.700%
385,683
Total
Insurance
22,273,717
Telecommunication
Services
-
0.8%
578,314
AT&T
Inc
4.750%
10,004,832
19,067
AT&T
Inc
5.350%
399,454
20,680
AT&T
Inc
5.000%
384,855
5,341
AT&T
Inc
5.625%
117,502
Total
Telecommunication
Services
10,906,643
Utilities
-
2.2%
150,000
Algonquin
Power
&
Utilities
Corp
6.200%
3,688,500
2,126
CMS
Energy
Corp
5.625%
45,687
8,518
CMS
Energy
Corp
4.200%
154,176
17,738
CMS
Energy
Corp
5.875%
393,961
69,380
CMS
Energy
Corp
5.875%
1,529,829
Nuveen
Preferred
&
Income
Securities
Fund
(continued)
Portfolio
of
Investments
October
31,
2023
(Unaudited)
Shares
Description
(a)
Coupon
Value
Utilities
(continued)
74,168
DTE
Energy
Co
4.375%
$
1,309,065
281,710
DTE
Energy
Co
5.250%
6,051,131
101,578
DTE
Energy
Co
4.375%
1,819,262
153,939
Duke
Energy
Corp
5.750%
3,531,361
3,028
Duke
Energy
Corp
5.625%
66,828
57,794
Entergy
Arkansas
LLC
4.875%
1,169,173
11,221
Entergy
Louisiana
LLC
4.875%
228,908
5,793
Entergy
Mississippi
LLC
4.900%
118,525
16,000
Entergy
Texas
Inc
5.375%
344,000
204,489
NextEra
Energy
Capital
Holdings
Inc
5.650%
4,535,566
5,856
NiSource
Inc
6.500%
146,400
86,891
Southern
Co/The
5.250%
1,859,467
56,928
Southern
Co/The
4.200%
1,024,704
196,322
Southern
Co/The
4.950%
3,977,484
Total
Utilities
31,994,027
Total
$25
Par
(or
similar)
Retail
Preferred
(cost
$219,066,475)
181,905,780
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X
–
CORPORATE
BONDS
-
4
.9
%
(
3
.2
%
of
Total
Investments)
X
71,226,875
Banks
-
0.7%
$
7,000
(c)
Citizens
Financial
Group
Inc
(TSFR3M
reference
rate
+
3.265%
spread)
8.687%
1/07/72
$
5,948,772
3,600
(d)
JPMorgan
Chase
&
Co
8.750%
9/01/30
4,062,874
Total
Banks
10,011,646
Energy
-
0.2%
1,900
Enbridge
Inc
8.250%
1/15/84
1,821,297
1,900
Enbridge
Inc
8.500%
1/15/84
1,820,138
Total
Energy
3,641,435
Equity
Real
Estate
Investment
Trusts
(REITs)
-
0.9%
16,100
Scentre
Group
Trust
2,
144A
5.125%
9/24/80
13,273,622
Total
Equity
Real
Estate
Investment
Trusts
(REITs)
13,273,622
Financial
Services
-
0.0%
2,000
Credit
Suisse
Group
AG
7.500%
6/11/72
210,000
Total
Financial
Services
210,000
Insurance
-
3.1%
30,860
Liberty
Mutual
Group
Inc,
144A
7.800%
3/15/37
29,668,119
6,150
(d)
Liberty
Mutual
Insurance
Co,
144A
7.697%
10/15/97
5,750,178
2,000
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
,
Reg
S
5.875%
5/23/42
1,893,104
1,000
Nippon
Life
Insurance
Co,
144A
2.900%
9/16/51
759,539
8,000
Zurich
Finance
Ireland
Designated
Activity
Co
,
Reg
S
3.500%
5/02/52
6,019,232
Total
Insurance
44,090,172
Total
Corporate
Bonds
(cost
$82,699,826)
71,226,875
Investments
in
Derivatives
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
Shares
Description
(a)
Coupon
Value
X
–
CONVERTIBLE
PREFERRED
SECURITIES
-
1
.3
%
(
0
.8
%
of
Total
Investments)
X
18,781,895
Banks
-
1.3%
5,849
Bank
of
America
Corp
7.250%
$
6,160,167
11,949
Wells
Fargo
&
Co
7.500%
12,621,728
Total
Banks
18,781,895
Total
Convertible
Preferred
Securities
(cost
$24,885,225)
18,781,895
Shares
Description
(a)
Value
–
INVESTMENT
COMPANIES
-
0
.7
%
(
0
.5
%
of
Total
Investments)
X
10,155,724
427,177
BlackRock
Credit
Allocation
Income
Trust
$
3,938,572
518,096
John
Hancock
Preferred
Income
Fund
III
6,217,152
Total
Investment
Companies
(cost
$18,471,992)
10,155,724
Total
Long-Term
Investments
(cost
$2,510,515,531)
2,219,065,061
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
0.6% (0.4%
of
Total
Investments)
–
REPURCHASE
AGREEMENTS
-
0
.6
%
(
0
.4
%
of
Total
Investments)
X
8,201,931
$
8,202
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
10/31/2023,repurchase
price
$8,202,295,
collateralized
by
$10,452,700,
U.S.
Treasury
Bond,
1.875%,
due
02/15/2032,
value
$8,366,012
5.280%
11/01/23
$
8,201,931
Total
Repurchase
Agreements
(cost
$8,201,931)
8,201,931
Total
Short-Term
Investments
(cost
$8,201,931)
8,201,931
Total
Investments
(cost
$
2,518,717,462
)
-
154
.6
%
2,227,266,992
Borrowings
-
(37.2)%
(f),(g)
(
536,300,000
)
TFP
Shares,
Net
-
(18.7)%(h)
(
270,000,000
)
Other
Assets
&
Liabilities,
Net
- 1.3%
20,015,279
Net
Assets
Applicable
to
Common
Shares
-
100%
$
1,440,982,271
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
(i)
Optional
Termination
Date
Maturity
Date
Value
Unrealized
Appreciation
(Depreciation)
Morgan
Stanley
$
521,000,000
Receive
1-Month
LIBOR
1.994%
Monthly
6/01/18
7/01/25
7/01/27
$
25,278,956
$
25,278,957
Morgan
Stanley
90,000,000
Receive
1-Month
LIBOR
2.364%
Monthly
7/01/19
7/01/26
7/01/28
5,225,163
5,225,163
Total
$
30,504,120
Nuveen
Preferred
&
Income
Securities
Fund
(continued)
Portfolio
of
Investments
October
31,
2023
(Unaudited)
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
$1,000
Par
(or
similar)
Institutional
Preferred
$
–
$
1,188,120,328
$
–
$
1,188,120,328
Contingent
Capital
Securities
–
748,874,459
–
748,874,459
$25
Par
(or
similar)
Retail
Preferred
158,702,469
23,203,311
–
181,905,780
Corporate
Bonds
–
71,226,875
–
71,226,875
Convertible
Preferred
Securities
18,781,895
–
–
18,781,895
Investment
Companies
10,155,724
–
–
10,155,724
Short-Term
Investments:
Repurchase
Agreements
–
8,201,931
–
8,201,931
Investments
in
Derivatives:
Interest
Rate
Swaps*
–
30,504,120
–
30,504,120
Total
$
187,640,088
$
2,070,131,024
$
–
$
2,257,771,112
*
Represents
net
unrealized
appreciation
(depreciation).
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
(b)
Perpetual
security.
Maturity
date
is
not
applicable.
(c)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(d)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
reverse
repurchase
agreements.
As
of
the
end
of
the
reporting
period,
investments
with
a
value
of
$304,664,389
have
been
pledged
as
collateral
for
reverse
repurchase
agreements.
(e)
Contingent
Capital
Securities
(“CoCos”)
are
hybrid
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer.
For
example,
the
terms
may
specify
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
(f)
Borrowings
as
a
percentage
of
Total
Investments
is
24.1%.
(g)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investments
(excluding
any
investments
separately
pledged
as
collateral
for
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
As
of
the
end
of
the
reporting
period,
investments
with
a
value
of
$1,597,899,221
have
been
pledged
as
collateral
for
borrowings.
(h)
TFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
12.1%.
(i)
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.
LIBOR
London
Inter-Bank
Offered
Rate
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
REIT
Real
Estate
Investment
Trust
TSFR
3M
CME
Term
SOFR
3
Month
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