N-Q 1 d263405dnq.htm DIVERSIFIED REAL ASSET INCOME FUND Diversified Real Asset Income 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 811-22936

Diversified Real Asset Income Fund

(Exact name of registrant as specified in charter)

    333 West Wacker Drive, Chicago, Illinois 60606    

(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—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:       May 31      

Date of reporting period:  August 31, 2016  

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

 

 

DRA

 

Diversified Real Asset Income Fund

   

Portfolio of Investments

    August 31, 2016 (Unaudited)

 

Principal
Amount (000)		          Description (1)   Interest
Rate (2)		      Maturity (2)              Value  
   

LONG-TERM INVESTMENTS – 134.2% (97.1% of Total Investments)

  

         
   

WHOLE LOANS – 8.5% (6.1% of Total Investments) (3), (4), (5)

  

      
          Commercial Loans – 5.2% (3.8% of Total Investments)                           
$ 2,210       

150 North Pantano I, AZ

     4.900%         8/01/19          $ 2,210,241   
  3,750       

Magnolia Retail Land, Magnolia, TX, (6)

     6.900%         10/01/16            3,750,000   
  14,000       

NCH Commercial Pool II, Rocky Point, Mexico, (6), (7)

     11.925%         8/01/14            5,749,800   
  1,859       

Palace Court, Santa Fe, NM, (6)

     4.875%         11/01/16            948,046   
  4,523       

RealtiCorp Fund III, Crystal River, FL, (6), (8)

     5.925%         7/01/16            4,191,802   
  1,999         

RL Stowe Portfolio, Belmont, NC and Chattanooga, TN

     3.925%         1/01/20                  1,648,548   
  28,341         

Total Commercial Loans

                                18,498,437   
          Multifamily Loans – 3.3% (2.3% of Total Investments)                           
  4,906       

NCH Multifamily Pool II, Rocky Point Mexico, (6), (7)

     11.925%         8/01/14            40,316   
  4,400       

NCH Multifamily Pool, Oklahoma City, OK, (6), (7)

     11.925%         8/01/14            4,001,360   
  12,620         

Sapphire Skies I, Cle Elum, WA, (6), (9)

     1.925%         3/01/20                  7,600,006   
  21,926         

Total Multifamily Loans

                                11,641,682   
$ 50,267         

Total Whole Loans (cost $48,797,572)

                                30,140,119   
Principal
Amount (000)		          Description (1)   Coupon      Maturity              Value  
   

CORPORATE NOTES – 2.2% (1.6% of Total Investments) (3), (4), (5)

  

         
          Diversified Financial Services – 2.2% (1.6% of Total Investments)                       
$ 8,000         

Stratus III, Stratus Properties Inc., (6)

     7.250%         12/31/16                $ 8,000,000   
$ 8,000         

Total Corporate Notes (cost $8,000,000)

                                8,000,000   
Shares          Description (1)                           Value  
   

COMMON STOCKS – 58.3% (42.2% of Total Investments)

  

         
          Air Freight & Logistics – 1.6% (1.2% of Total Investments)                       
  190,305       

BPost SA

            $ 4,839,887   
  26,207         

Oesterreichische Post AG

                                941,290   
   

Total Air Freight & Logistics

                                5,781,177   
          Commercial Services & Supplies – 0.6% (0.4% of Total Investments)                
  142,298         

Covanta Holding Corporation

                                2,118,817   
          Diversified Telecommunication Services – 0.7% (0.5% of Total Investments)                
  1,207,398       

HKBN Limited

              1,347,857   
  389,129         

Singapore Telecommunications Limited

                                1,148,151   
   

Total Diversified Telecommunication Services

                                2,496,008   
          Electric Utilities – 8.4% (6.1% of Total Investments)                
  84       

Alupar Investimento SA, (5)

              140   
  113,680       

Alupar Investimento SA

              568,893   
  483       

Alupar Investimento SA, (5)

              807   
  2,032,122       

AusNet Services

              2,626,856   
  32,981       

Brookfield Infrastructure Partners LP

              1,581,109   
  686,933       

Contact Energy Limited

              2,591,880   
  124,817       

EDP – Energias de Portugal, S.A.

              418,378   
  79,964       

Endesa S.A, (10)

              1,628,716   
  3,081       

Hafslund ASA, Class B Shares

              28,840   
  1,448,034       

HK Electric Investments Limited, 144A

              1,357,027   
  1,432,311       

Infratil Limited

              3,512,782   

 

NUVEEN     1   

DRA    Diversified Real Asset Income Fund   
   Portfolio of Investments (continued)    August 31, 2016 (Unaudited)

 

Shares          Description (1)                           Value  
          Electric Utilities (continued)                
  155,120       

Scottish and Southern Energy PLC

            $ 3,063,584   
  102,044       

Southern Company

              5,237,919   
  3,123,448       

Spark Infrastructure Group

              5,962,468   
  175,568         

Transmissora Alianca de Energia Eletrica SA

                                1,254,834   
   

Total Electric Utilities

                                29,834,233   
          Gas Utilities – 1.6% (1.2% of Total Investments)                           
  10,550       

AmeriGas Partners, LP

              483,507   
  24,274       

Enagas

              712,787   
  794,695         

Snam Rete Gas S.p.A

                                4,405,620   
   

Total Gas Utilities

                                5,601,914   
          Health Care Providers & Services – 0.6% (0.4% of Total Investments)                
  164,359         

Sienna Senior Living Inc., Subscription

                                2,138,146   
          Independent Power & Renewable Electricity Producers – 3.0% (2.2% of Total Investments)                
  14,400       

Brookfield Renewable Energy Partners LP

              432,864   
  94,481       

Brookfield Renewable Energy Partners LP

              2,844,372   
  2,429       

NextEra Energy Partners LP

              70,757   
  103,149       

Pattern Energy Group Inc.

              2,454,946   
  393,244       

Renewables Infrastructure Group Limited

              540,658   
  372,473       

Saeta Yield S.A, (10)

              3,724,734   
  40,358         

TransAlta Renewables Inc.

                                433,308   
   

Total Independent Power & Renewable Electricity Producers

                                10,501,639   
          Media – 0.2% (0.2% of Total Investments)                           
  31,537         

SES SA

                                724,314   
          Multi-Utilities – 8.2% (5.9% of Total Investments)                
  146,071       

CenterPoint Energy, Inc.

              3,282,215   
  607,058       

Centrica PLC

              1,854,189   
  1,378,691       

Duet Group

              2,725,089   
  315,058       

Engie

              5,021,956   
  12,762,706       

Keppel Infrastructure Trust

              4,683,734   
  83,124       

National Grid PLC

              5,776,287   
  679,591       

Redes Energeticas Nacionais SA

              1,983,817   
  1,469,217         

Vector Limited

                                3,677,920   
   

Total Multi-Utilities

                                29,005,207   
          Oil, Gas & Consumable Fuels – 4.6% (3.3% of Total Investments)                       
  21,390       

AltaGas Limited

              553,589   
  7,638       

Enbridge Energy Partners LP

              177,660   
  50,207       

Enbridge Income Fund Holdings Inc.

              1,205,596   
  230,518       

Enterprise Products Partnership LP

              6,085,676   
  22,984       

Inter Pipeline Limited

              499,850   
  57,571       

Inter Pipeline Limited, (10)

              1,256,430   
  50,402       

Plains All American Pipeline LP

              1,414,280   
  225,415       

Plains GP Holdings LP, Class A

              2,565,223   
  28,169       

Spectra Energy Corporation

              1,003,380   
  148,156         

Veresen Inc.

                                1,459,643   
   

Total Oil, Gas & Consumable Fuels

                                16,221,327   
          Real Estate Investment Trust – 24.1% (17.4% of Total Investments)                       
  279,407       

AEW UK REIT PLC

              353,144   
  215       

Agree Realty Corporation

              10,318   
  16,541       

Ares Commercial Real Estate Corporation

              207,920   
  176,743       

Armada Hoffler Properties Inc.

              2,435,519   
  522,251       

Ascendas Real Estate Investment Trust

              939,128   
  29,854       

Automotive Properties Real Estate Investment Trust, (WI/DD)

              243,585   
  94,631       

Blackstone Mortgage Trust Inc, Class A

              2,821,896   
  32,065       

Camden Property Trust

              2,814,345   
  65,746       

CapitaMall Trust

              104,232   

 

  2      NUVEEN

Shares          Description (1)                           Value  
          Real Estate Investment Trust (continued)                       
  1,541       

Care Capital Properties, Inc.

            $ 46,215   
  32,119       

CareTrust REIT Inc.

              477,288   
  76,066       

Choice Properties Real Estate Investment Trust

              798,710   
  136,430       

City Office REIT, Inc.

              1,768,133   
  2,606       

Cofinimmo, SANV

              320,918   
  985       

Columbia Property Trust Inc.

              23,226   
  91,518       

Community Healthcare Trust Inc.

              2,102,168   
  232,379       

Crombie Real Estate Investment Trust

              2,659,760   
  8,527       

DiamondRock Hospitality Company

              90,301   
  217,563       

Dream Global Real Estate Investment Trust

              1,484,817   
  80,684       

Easterly Government Properties, Inc.

              1,572,531   
  7,499       

Entertainment Properties Trust

              587,322   
  5,031       

Equity Residential

              326,361   
  42,966       

Eurocommercial Properties NV

              1,952,763   
  474,398       

Fortune REIT

              606,638   
  12,040       

Four Corners Property Trust, Inc.

              249,348   
  108,030       

Franklin Street Properties Corporation

              1,356,857   
  1,911,475       

Frasers Centrepoint Trust

              3,030,413   
  4,826,100       

Frasers Logistics & Industrial Trust, (10)

              3,453,666   
  81,941       

Gaming and Leisure Properties Inc.

              2,803,202   
  64,164       

Hospitality Properties Trust

              1,956,360   
  9,180       

ICADE

              708,392   
  191,806       

Immobiliare Grande Distribuzione SIIQ SpA

              154,900   
  85,875       

Investors Real Estate Trust

              570,210   
  912,448       

Keppel DC REIT

              817,048   
  155,090       

Killam Apartment Real Estate I

              1,462,912   
  6,234       

LaSalle Hotel Properties

              174,926   
  16,927       

Lexington Corporate Properties Trust

              182,642   
  100,672       

Liberty Property Trust

              4,150,707   
  32,216       

LTC Properties Inc.

              1,672,655   
  1,504,879       

Mapletree Commercial Trust

              1,723,081   
  2,254,091       

Mapletree Greater China Commercial Trust

              1,819,883   
  275,334       

Mapletree Logistics Trust

              216,234   
  104,205       

Medical Properties Trust Inc.

              1,591,210   
  58,609       

MGM Growth Properties LLC

              1,478,119   
  44,612       

New Senior Investment Group Inc.

              552,743   
  275,105       

NorthWest Healthcare Properties REIT

              2,221,566   
  72,163       

Omega Healthcare Investors Inc.

              2,612,301   
  102,941       

OneREIT

              286,514   
  630,197       

Parkway Life Real Estate Investment Trust

              1,156,367   
  1,789       

Pebblebrook Hotel Trust

              53,742   
  105,859       

Physicians Realty Trust

              2,266,441   
  485,489       

Plaza Retail REIT

              1,825,119   
  991,588       

Prologis Property Mexico SA de CV

              1,666,122   
  377,927       

Pure Industrial Real Estate Trust

              1,585,023   
  36,310       

Sabra Health Care Real Estate Investment Trust Inc.

              925,179   
  18,272       

Senior Housing Properties Trust

              408,196   
  57,453       

Smart Real Estate Investment Trust

              1,552,642   
  106,496       

Spirit Realty Capital Inc.

              1,411,072   
  10,526       

STAG Industrial Inc.

              261,361   
  28,090       

Starwood Property Trust Inc.

              643,261   
  907,697       

TF Administradora Industrial S de RL de CV

              1,515,994   
  18,653       

Universal Health Realty Income Trust

              1,148,838   
  21,147       

Urstadt Biddle Properties Inc.

              480,248   
  341,169       

VEREIT, Inc.

              3,565,216   
  442,909       

Vicinity Centres

              1,101,794   
  240,646       

Viva Energy REIT, (10)

              459,378   
  36,615       

Washington Prime Group, Inc.

              503,090   
  40,509       

Wereldhave NV

              1,941,633   
  89,959         

WPT Industrial Real Estate Investment Trust

                                1,003,043   
   

Total Real Estate Investment Trusts

                                85,466,886   

 

NUVEEN     3   

DRA    Diversified Real Asset Income Fund   
   Portfolio of Investments (continued)    August 31, 2016 (Unaudited)

 

Shares          Description (1)                           Value  
          Transportation Infrastructure – 4.4% (3.2% of Total Investments)                
  21,766       

Abertis Infraestructuras S.A

            $ 337,112   
  79,209       

Cosco Shipping Ports Limited

              85,769   
  283,636       

Enav S.p.A, (10)

              1,176,940   
  6,523,873       

Hopewell Highway Infrastructure Limited

              3,801,188   
  5,158,018       

Hutchison Port Holdings Trust

              2,217,948   
  107,902       

Jiangsu Expressway Company Limited

              151,611   
  42,250       

Macquarie Infrastructure Corporation

              3,377,465   
  252,349       

Sydney Airport

              1,380,674   
  317,691       

Transurban Group

              2,736,198   
  293,286         

Zhejiang Expressway Company Limited

                                327,026   
   

Total Transportation Infrastructure

                                15,591,931   
          Water Utilities – 0.3% (0.2% of Total Investments)                       
  669,608         

Inversiones Aguas Metropolitanas SA

                                1,155,862   
   

Total Common Stocks (cost $190,390,546)

                                206,637,461   
Shares          Description (1)   Coupon              Ratings (11)      Value  
   

CONVERTIBLE PREFERRED SECURITIES – 9.8% (7.1% of Total Investments)

  

      
          Electric Utilities – 3.8% (2.7% of Total Investments)                           
  93,482       

Exelon Corporation

     6.500%            BB+      $ 4,431,982   
  102,595       

NextEra Energy Inc.

     6.123%            BBB        5,073,324   
  65,382         

NextEra Energy Inc.

     6.371%                  BBB        3,837,923   
   

Total Electric Utilities

                                13,343,229   
          Gas Utilities – 0.4% (0.3% of Total Investments)                       
  27,189         

Spire, Inc., (12)

     6.750%                  N/R        1,576,146   
          Multi-Utilities – 2.0% (1.4% of Total Investments)                           
  16,909       

Black Hills Corp

     7.750%            N/R        1,112,612   
  114,624         

Dominion Resources Inc.

     6.750%                  BBB–        5,828,630   
   

Total Multi-Utilities

                                6,941,242   
          Oil, Gas & Consumable Fuels – 0.3% (0.3% of Total Investments)                       
  29,615         

Anadarko Petroleum Corporation

     7.500%                  N/R        1,131,293   
          Real Estate Investment Trusts – 3.3% (2.4% of Total Investments)         
  65,040       

Alexandria Real Estate Equities Inc.

     7.000%            Baa3        2,264,042   
  45,883       

American Homes 4 Rent

     5.000%            N/R        1,268,206   
  44,127       

American Tower Corporation

     5.500%            N/R        4,791,311   
  15,657       

Equity Commonwealth

     6.500%            Ba1        422,739   
  1,147       

FelCor Lodging Trust Inc., Series A.

     1.950%            CCC        28,870   
  6,205       

Lexington Corporate Properties Trust, Series B

     6.500%            N/R        329,175   
  36,590         

Ramco-Gershenson Properties Trust

     7.250%                  N/R        2,574,838   
   

Total Real Estate Investment Trusts

                                11,679,181   
   

Total Convertible Preferred Securities (cost $32,903,521)

                                34,671,091   
Shares          Description (1)   Coupon              Ratings (11)      Value  
   

$25 PAR (OR SIMILAR) RETAIL PREFERRED – 25.3% (18.3% of Total Investments)

  

      
          Electric Utilities – 5.0% (3.6% of Total Investments)                           
  11,814       

APT Pipelines Limited

     6.455%            N/R      $ 926,948   
  58,721       

Brookfield Infrastructure Partners LP

     5.350%            BBB–         1,130,628   
  41,665       

Entergy Arkansas Inc.

     4.875%            A        1,042,042   
  501       

Entergy Louisiana LLC

     4.875%            A        12,525   
  28,294       

Entergy New Orleans, Inc.

     5.500%            A        765,070   
  26,220       

Entergy Texas Inc.

     5.625%            A        719,477   
  82,026       

Integrys Energy Group Inc., (12)

     6.000%            Baa1        2,250,793   
  111,660       

NextEra Energy Inc.

     5.250%            BBB        2,856,263   

 

  4      NUVEEN

Shares          Description (1)   Coupon              Ratings (11)      Value  
          Electric Utilities (continued)                           
  54,711       

NextEra Energy Inc.

     5.000%            BBB      $ 1,407,167   
  67,198       

Pacific Gas & Electric Corporation

     6.000%            BBB+        2,153,696   
  130,313       

PPL Capital Funding, Inc.

     5.900%            BBB        3,489,782   
  37,121       

SCE Trust I

     5.625%            Baa1        966,631   
  2,611         

SCE Trust V

     5.450%                  Baa1        77,129   
   

Total Electric Utilities

                                17,798,151   
          Independent Power & Renewable Electricity Producers – 0.2% (0.2% of Total Investments)         
  40,578         

Brookfield Renewable Partners, Preferred Equity

     5.750%                  BB+        790,272   
          Multi-Utilities – 2.9% (2.1% of Total Investments)                           
  45,190       

Dominion Resources Inc.

     6.375%            Baa3        2,280,287   
  191,417       

Dominion Resources Inc.

     5.250%            BBB–        4,909,846   
  87,209       

DTE Energy Company

     5.375%            Baa1        2,271,794   
  33,462         

DTE Energy Company

     5.250%                  Baa1        867,000   
   

Total Multi-Utilities

                                10,328,927   
          Oil, Gas & Consumable Fuels – 1.3% (0.9% of Total Investments)         
  45,379       

Kinder Morgan Inc, Delaware

     9.750%            N/R        2,263,958   
  27,207       

Nustar Logistics Limited Partnership

     7.625%            Ba2        718,809   
  70,252         

Pembina Pipeline Corporation

     5.750%                  BB+        1,387,469   
   

Total Oil, Gas & Consumable Fuels

                                4,370,236   
          Real Estate Investment Trusts – 15.4% (11.2% of Total Investments)         
  38,611       

American Homes 4 Rent

     6.350%            N/R        1,006,589   
  5,585       

American Homes 4 Rent

     5.500%            N/R        152,191   
  37,395       

American Homes 4 Rent

     5.000%            N/R        1,026,867   
  47,768       

American Homes 4 Rent

     6.500%            N/R        1,295,468   
  27,746       

Apollo Commercial Real Estate Finance

     8.625%            N/R        716,679   
  51,537       

Arbor Realty Trust Incorporated

     7.375%            N/R        1,308,009   
  105,500       

CBL & Associates Properties Inc.

     7.375%            BB        2,690,250   
  62,693       

CBL & Associates Properties Inc.

     6.625%            BB        1,628,764   
  183,565       

Cedar Shopping Centers Inc., Series A

     7.250%            N/R        4,748,827   
  43,744       

Chesapeake Lodging Trust

     7.750%            N/R        1,146,093   
  26,796       

Colony Financial Inc.

     7.500%            N/R        681,690   
  86,648       

Colony Financial Inc.

     7.125%            N/R        2,171,399   
  7,338       

Colony Financial Inc.

     8.500%            N/R        192,182   
  16,873       

Dupont Fabros Technology

     6.625%            Ba2        476,662   
  56,817       

EPR Properties Inc.

     9.000%            BB        2,125,524   
  2,960       

EPR Properties Inc.

     5.750%            BB        89,629   
  23,940       

General Growth Properties

     6.375%            N/R        640,874   
  27,046       

Gladstone Commercial Corporation

     7.000%            N/R        714,014   
  79,448       

Gramercy Property Trust

     7.125%            N/R        2,192,765   
  75,079       

Hersha Hospitality Trust

     6.875%            N/R        1,929,530   
  117,414       

Hersha Hospitality Trust

     6.500%            N/R        2,995,231   
  75,220       

Investors Real Estate Trust

     7.950%            N/R        1,981,295   
  53,832       

LaSalle Hotel Properties

     6.300%            N/R        1,434,623   
  12,609       

Northstar Realty Finance Corporation

     8.750%            N/R        324,177   
  112,113       

Pebblebrook Hotel Trust

     6.500%            N/R        2,914,938   
  59,934       

Pebblebrook Hotel Trust

     6.375%            N/R        1,639,794   
  4,411       

Post Properties, Inc., Series A

     8.500%            Baa3        295,537   
  27,665       

Rait Financial Trust

     7.125%            N/R        670,600   
  41,098       

STAG Industrial Inc.

     6.875%            BB+        1,133,894   
  63,892       

Summit Hotel Properties Inc.

     7.875%            N/R        1,705,916   
  123,744       

Summit Hotel Properties Inc.

     7.125%            N/R        3,242,093   
  42,582       

Summit Hotel Properties Inc.

     6.450%            N/R        1,109,687   
  85,003       

Sunstone Hotel Investors Inc.

     6.750%            N/R        2,226,229   
  54,861       

UMH Properties Inc.

     8.000%            N/R        1,505,934   
  51,186       

Urstadt Biddle Properties

     7.125%            N/R        1,361,036   
  77,598       

Urstadt Biddle Properties

     6.750%            N/R        2,061,779   
  11,633       

Washington Prime Group, Inc.

     7.500%            Ba1        303,970   
  33,258         

Washington Prime Group, Inc.

     6.875%                  Ba1        876,681   
   

Total Equity Real Estate Investment Trusts

                                54,717,420   

 

NUVEEN     5   

DRA    Diversified Real Asset Income Fund   
   Portfolio of Investments (continued)    August 31, 2016 (Unaudited)

 

Shares          Description (1)   Coupon              Ratings (11)      Value  
          Real Estate Management & Development – 0.2% (0.1% of Total Investments)         
  24,261         

Landmark Infrastructure Partners LP

     8.000%                  N/R      $ 619,869   
          Trading Companies & Distributors – 0.3% (0.2% of Total Investments)                
  37,000         

GATX Corporation

     5.625%                  BBB        963,110   
   

Total $25 Par (or similar) Preferred Securities (cost $85,727,443)

  

                        89,587,985   
Principal
Amount (000)		          Description (1)   Coupon      Maturity      Ratings (11)      Value  
   

CONVERTIBLE BONDS – 0.8% (0.6% of Total Investments)

  

      
          Multi-Utilities – 0.5% (0.3% of Total Investments)                           
$ 1,670         

Dominion Resources Inc.

     5.750%         10/01/54         BBB–      $ 1,724,275   
          Oil, Gas & Consumable Fuels – 0.3% (0.3% of Total Investments)                
  1,705         

DCP Midstream LLC, 144A

     5.850%         5/21/43         BB–        1,304,325   
$ 3,375         

Total Convertible Bonds (cost $3,312,777)

                                3,028,600   
Principal
Amount (000) (13)		          Description (1)   Coupon      Maturity      Ratings (11)      Value  
   

CORPORATE BONDS – 18.3% (13.2% of Total Investments)

  

      
          Commercial Services & Supplies – 1.7% (1.3% of Total Investments)                       
$ 1,730       

ADS Waste Holdings Inc.

     8.250%         10/01/20         CCC+      $ 1,810,012   
  442       

Casella Waste Systems Inc.

     7.750%         2/15/19         B        451,945   
  2,170       

Covanta Holding Corporation

     5.875%         3/01/24         Ba3        2,180,850   
  1,515         

GFL Environmental Corporation, 144A

     9.875%         2/01/21         B        1,651,350   
   

Total Commercial Services & Supplies

                                6,094,157   
          Construction & Engineering – 0.3% (0.2% of Total Investments)                       
  7,500      NOK  

VV Holding AS, 144A

     6.230%         7/10/19         N/R        839,307   
          Consumer Finance – 0.1% (0.1% of Total Investments)                       
  330         

Covenant Surgical Partners Inc., 144A

     8.750%         8/01/19         B–        318,450   
          Diversified Telecommunication Services – 1.4% (1.0% of Total Investments)                       
  832       

CyrusOne LP Finance

     6.375%         11/15/22         BB        884,000   
  1,925       

Qualitytech LP/QTS Finance Corp.

     5.875%         8/01/22         BB        1,987,563   
  2,015         

SBA Communications Corporation, 144A

     4.875%         9/01/24         B        2,042,706   
   

Total Diversified Telecommunication Services

                                4,914,269   
          Electric Utilities – 0.2% (0.1% of Total Investments)                       
  775         

Intergen NV, 144A

     7.000%         6/30/23         B1        635,500   
          Energy Equipment & Services – 0.6% (0.5% of Total Investments)                
  520       

Compressco Partners LP / Compressco Finance Corporation

     7.250%         8/15/22         B–        468,000   
  1,515      EUR  

Origin Energy Finance Limited, Reg S

     7.875%         6/16/71         BB        1,768,821   
   

Total Energy Equipment & Services

                                2,236,821   
          Gas Utilities – 1.3% (0.9% of Total Investments)                       
  1,000       

AmeriGas Partners LP/AmeriGas Finance Corporation

     5.875%         8/20/26         BB        1,072,500   
  1,495       

Ferrellgas LP

     6.750%         1/15/22         B+        1,401,563   
  965       

LBC Tank Terminals Holdings Netherlands BV, 144A

     6.875%         5/15/23         B        955,350   
  1,205         

Suburban Propane Partners LP

     5.750%         3/01/25         BB–        1,217,050   
   

Total Gas Utilities

                                4,646,463   
          Health Care Equipment & Supplies – 0.3% (0.2% of Total Investments)                       
  1,000         

Tenet Healthcare Corporation

     8.125%         4/01/22         B–        1,012,500   

 

  6      NUVEEN

Principal
Amount (000) (13)		          Description (1)   Coupon      Maturity      Ratings (11)      Value  
          Health Care Providers & Services – 1.4% (1.0% of Total Investments)                       
$ 560       

Acadia Healthcare

     5.625%         2/15/23         B      $ 569,800   
  1,065       

Community Health Systems, Inc.

     6.875%         2/01/22         B        883,950   
  1,045       

Iasis Healthcare Capital Corporation

     8.375%         5/15/19         CCC+        947,031   
  1,285       

Kindred Healthcare Inc.

     6.375%         4/15/22         B–        1,217,537   
  390       

Lifepoint Health Inc.

     5.875%         12/01/23         Ba2        410,475   
  915         

Select Medical Corporation

     6.375%         6/01/21         B–        916,144   
   

Total Health Care Providers & Services

                                4,944,937   
          Hotels, Restaurants & Leisure – 0.3% (0.2% of Total Investments)                       
  1,060         

MGM Growth Properties Operating Partnership LP / MGP Escrow Co-Issuer, Inc., 144A

     4.500%         9/01/26         BB–        1,059,338   
          Independent Power & Renewable Electricity Producers – 0.3% (0.2% of Total Investments)         
  1,355         

GenOn Energy Inc.

     9.500%         10/15/18         CCC+        1,060,288   
          Internet Software & Services – 0.3% (0.2% of Total Investments)         
  965         

Equinix Inc.

     5.750%         1/01/25         BB+        1,032,550   
          IT Services – 0.5% (0.3% of Total Investments)         
  1,610         

Zayo Group LLC / Zayo Capital Inc.

     6.000%         4/01/23         B–        1,674,400   
          Marine – 0.2% (0.1% of Total Investments)         
  955         

Navios South American Logisitics Inc., Finance US Inc., 144A

     7.250%         5/01/22         B–        663,725   
          Multi-Utilities – 1.5% (1.1% of Total Investments)         
  1,505      GBP  

Centrica PLC, Reg S

     5.250%         4/10/75         BBB        2,075,104   
  2,400      GBP  

RWE AG, Reg S

     7.000%         3/29/49         BB+        3,309,136   
   

Total Multi-Utilities

                                5,384,240   
          Oil, Gas & Consumable Fuels – 3.0% (2.2% of Total Investments)                       
  145       

Calumet Specialty Products

     6.500%         4/15/21         CCC+        120,350   
  1,415       

Calumet Specialty Products

     7.625%         1/15/22         CCC+        1,160,300   
  510       

Crestwood Midstream Partners LP

     6.125%         3/01/22         BB–        495,975   
  1,355       

Energy Transfer Equity LP

     5.500%         6/01/27         BB+        1,358,387   
  860       

Gibson Energy, 144A

     6.750%         7/15/21         BB        872,900   
  670       

Global Partners LP/GLP Finance

     6.250%         7/15/22         B+        603,000   
  95       

Global Partners LP/GLP Finance

     7.000%         6/15/23         B+        86,450   
  1,100       

Martin Mid-Stream Partners LP Finance

     7.250%         2/15/21         B–        1,043,625   
  1,205       

NGL Energy Partners LP/Fin Co

     5.125%         7/15/19         BB–        1,129,688   
  335       

NGL Energy Partners LP/Fin Co

     6.875%         10/15/21         BB–        311,550   
  965       

Northern Tier Energy LLC

     7.125%         11/15/20         BB–        981,888   
  950       

Rose Rock Midstream LP / Rose Rock Finance Corporation

     5.625%         7/15/22         B        874,000   
  925       

Sabine Pass Liquefaction LLC

     6.250%         3/15/22         BB+        989,750   
  790         

Summit Midstream Holdings LLC Finance

     5.500%         8/15/22         B        745,563   
   

Total Oil, Gas & Consumable Fuels

                                10,773,426   
          Real Estate Investment Trusts – 2.9% (2.1% of Total Investments)                       
  1,815       

Care Capital Properties, Inc., 144A

     5.125%         8/15/26         BBB–        1,830,872   
  635       

Corporate Office Properties LP

     5.000%         7/01/25         BBB–        684,502   
  1,755       

DuPont Fabros Technology LP

     5.625%         6/15/23         Ba1        1,838,362   
  270       

EPR Properties Inc.

     4.500%         4/01/25         Baa2        275,072   
  1,200       

Geo Group Inc.

     6.000%         4/15/26         B+        1,075,500   
  725       

MPT Operating Partnership Finance

     5.250%         8/01/26         BBB–        770,313   
  930       

Omega Healthcare Investors Inc.

     4.500%         4/01/27         BBB–        940,552   
  1,600       

PLA Administradora Industrial, S. de R.L. de C.V., 144A

     5.250%         11/10/22         Baa3        1,680,000   
  1,070         

Trust F/1401, 144A

     5.250%         1/30/26         Baa2        1,142,225   
   

Total Real Estate Investment Trusts

                                10,237,398   
          Real Estate Management & Development – 0.8% (0.6% of Total Investments)                       
  1,215       

Hunt Companies Inc., 144A

     9.625%         3/01/21         N/R        1,236,262   
  1,625         

Kennedy-Wilson Holdings Incorporated

     5.875%         4/01/24         BB–        1,641,250   
   

Total Real Estate Management & Development

                                2,877,512   

 

NUVEEN     7   

DRA    Diversified Real Asset Income Fund   
   Portfolio of Investments (continued)    August 31, 2016 (Unaudited)

 

Principal
Amount (000) (13)		          Description (1)   Coupon      Maturity      Ratings (11)      Value  
          Road & Rail – 0.3% (0.2% of Total Investments)                       
$ 1,090         

Watco Companies LLC Finance, 144A

     6.375%         4/01/23         B      $ 1,092,725   
          Software – 0.4% (0.3% of Total Investments)                       
  1,465         

SixSigma Networks Mexico SA de CV, 144A

     8.250%         11/07/21         B+        1,470,860   
          Wireless Telecommunication Services – 0.5% (0.4% of Total Investments)                       
  1,831         

Inmarsat Finance PLC, 144A

     4.875%         5/15/22         BB+        1,776,070   
   

Total Corporate Bonds (cost $65,165,411)

                                64,744,936   
Principal
Amount (000) (13)		          Description (1)   Coupon      Maturity      Ratings (11)      Value  
   

$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 9.9% (7.2% of Total Investments)

  

      
          Diversified Financial Services – 0.3% (0.2% of Total Investments)                
$ 1,200         

National Rural Utilities Cooperative Finance Corporation

     5.250%         4/20/46         A3      $ 1,266,798   
          Electric Utilities – 6.2% (4.5% of Total Investments)                           
  2,560       

AES Gener SA, 144A

     8.375%         12/18/73         BB        2,726,400   
  1,445       

ComEd Financing III

     6.350%         3/15/33         Baa2        1,537,187   
  7,095       

Emera, Inc.

     6.750%         6/15/76         BBB–        7,671,468   
  2,395       

Enel SpA, 144A

     8.750%         9/24/73         BBB–        2,796,163   
  1,800      EUR  

Energias de Portugal, SA, Reg S

     5.375%         9/16/75         Ba2        2,104,687   
  900       

FPL Group Capital Inc.

     2.913%         10/01/66         BBB        726,750   
  2,955      GBP  

NGG Finance PLC, Reg S

     5.625%         6/18/73         BBB        4,406,145   
   

Total Electric Utilities

                                21,968,800   
          Energy Equipment & Services – 3.0% (2.2% of Total Investments)                       
  4,685       

Transcanada Trust

     5.875%         8/15/76         BBB        4,989,525   
  5,655         

Transcanada Trust

     5.625%         5/20/75         BBB        5,612,588   
   

Total Energy Equipment & Services

                                10,602,113   
          Oil, Gas & Consumable Fuels – 0.4% (0.3% of Total Investments)                       
  1,330         

Enterprise Products Operating LP

     7.034%         1/15/68         Baa2        1,414,577   
   

Total $1,000 Par (or similar) Institutional Preferred (cost $34,035,027)

  

                        35,252,288   
Shares          Description (1), (14)                           Value  
   

INVESTMENT COMPANIES – 1.1% (0.8% of Total Investments)

  

      
          Diversified Other – 0.8% (0.6% of Total Investments)                           
  1,240,706       

John Laing Infrastructure Fund

            $ 2,199,463   
  448,146         

NextEnergy Solar Fund

                                612,022   
   

Total Diversified Other

                                2,811,485   
          Real Estate Management & Development – 0.3% (0.2% of Total Investments)                
  708,593         

Starwood European Real Estate Finance Limited

                                997,949   
   

Total Investment Companies (cost $3,861,202)

                                3,809,434   
   

Total Long-Term Investments (cost $472,193,499)

                                475,871,914   

 

  8      NUVEEN

Principal
Amount (000)		          Description (1)   Coupon      Maturity              Value  
   

SHORT-TERM INVESTMENTS – 4.0% (2.9% of Total Investments)

  

      
          REPURCHASE AGREEMENTS – 4.0% (2.9% of Total Investments)                
$ 14,199         

Repurchase Agreement with Fixed Income Clearing Corporation, dated 8/31/16, repurchase price $14,198,863,
collateralized by $13,765,000 U.S. Treasury Notes,
2.125%, due 5/15/25, value $14,487,663

     0.030%         9/01/16                $ 14,198,851   
   

Total Short-Term Investments (cost $14,198,851)

                                14,198,851   
   

Total Investments (cost $486,392,350) – 138.2%

                                490,070,765   
   

Borrowings – (38.4)% (15), (16)

                                (136,300,000 ) 
   

Other Assets Less Liabilities – 0.2% (17)

                                856,884   
   

Net Assets – 100%

                              $ 354,627,649   

Investments in Derivatives as of August 31, 2016

Futures Contracts

 

Description      Contract
Position		        Number of
Contracts		        Contract
Expiration		        Notional
Amount
at Value		        Variation Margin
Receivable/
(Payable)		        Unrealized
Appreciation
(Depreciation)		  

U.S. Treasury 5-Year Note

        Short           (67 )         12/16         $ (8,123,750 )       $ 64         $ 64   

Total Return Swaps

 

Counterparty    Receive    Pay    Expiration
Date		      Notional
Amount		      Unrealized
Appreciation
(Depreciation)		  
Morgan Stanley Capital Services LLC    iShares International Developed Real Estate ETF    3-Month USD-LIBOR-ICE      6/06/17       $ 3,696,480       $ (4,896 ) 
Morgan Stanley Capital Services LLC    VanEck Vectors Preferred Securities ex Financials ETF    3-Month USD-LIBOR-ICE      6/06/17         11,611,488         128,892   
Morgan Stanley Capital Services LLC    SPDR® S&P® Global Infrastructure ETF    3-Month USD-LIBOR-ICE      6/06/17         9,932,469         (104,098 ) 
Morgan Stanley Capital Services LLC    iShares iBoxx $ High Yield Corporate Bond ETF    3-Month USD-LIBOR-ICE      6/06/17         6,335,600         184,992   
Morgan Stanley Capital Services LLC    Vanguard REIT ETF    3-Month USD-LIBOR-ICE      6/06/17         3,703,843         201,940   
                        $ 35,279,880       $ 406,830   

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).

 

NUVEEN     9   

DRA    Diversified Real Asset Income Fund   
   Portfolio of Investments (continued)    August 31, 2016 (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:

            

Whole Loans

    $ —       $ —       $ 30,140,119       $ 30,140,119   

Corporate Notes

      —         —         8,000,000         8,000,000   

Common Stocks

      206,636,514         —         947         206,637,461   

Convertible Preferred Securities

      33,094,945         1,576,146         —         34,671,091   

$25 Par (or similar) Retail Preferred

      87,337,192         2,250,793         —         89,587,985   

Convertible Bonds

      —         3,028,600         —         3,028,600   

Corporate Bonds

      —         64,744,936         —         64,744,936   

$1,000 Par (or similar) Institutional Preferred

      —         35,252,288         —         35,252,288   

Investment Companies

      3,809,434         —         —         3,809,434   

Short-Term Investments:

            

Repurchase Agreements

      —         14,198,851         —         14,198,851   

Investments in Derivatives:

            

Futures Contracts*

      64         —         —         64   

Total Return Swaps*

      —         406,829         —         406,829   

Total

    $ 330,878,149       $ 121,458,443       $ 38,141,066       $ 490,477,658   
* 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      Corporate Notes      Common Stocks      Total  

Balance at the beginning of period

   $ 35,794,041       $ 8,000,000       $ —       $ 43,794,041   

Gains (losses):

           

Net realized gains (losses)

     (4,183,234 )       —         —         (4,183,234 ) 

Change in net unrealized appreciation (depreciation)

     3,928,464         —         236         3,928,700   

Purchases at cost

     —         —         711         711   

Sales at proceeds

     (5,542,255 )       —         —         (5,542,255 ) 

Net discounts (premiums)

     143,103         —         —         143,103   

Transfers into

     —         —         —         —   

Transfers (out of)

     —         —         —         —   

Balance at the end of period

   $ 30,140,119       $ 8,000,000       $ 947       $ 38,141,066   

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 Inputs      Range  

Commercial & Multifamily Whole Loans

    $ 1,688,864         Discounted Cash Flow         Yield Spread         2.65%—2.74%   
        Discounted Cash Flow         Liquidity Spread         0.50 % 
        Discounted Cash Flow         Debt Service Coverage Ratio         0.00—1.00   
     9,751,160         Appraisals         N/A         N/A   
     12,739,854         Expected Value         N/A         N/A   

Commercial & Multifamily Whole Loans and Corporate Notes

      13,960,241         Price Ceiling         Cap         100.00   

Total

    $ 38,140,119                              

As of the end of the reporting period, the Common Stocks fair valued as Level 3 are valued at one third of their parent company’s exchange-traded price.

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 as of 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)  

Convertible Preferred Securities

     $ 2,264,042       $ —        $ —       $ (2,264,042 )      $ —       $ —   

$25 Par (or similar) Retail Preferred

             3,198,743         —                —         (3,198,743 )              —         —   

 

  10      NUVEEN

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 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.

As of August 31, 2016, the cost of investments (excluding investments in derivatives) was $494,877,327.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of August 31, 2016, were as follows:

 

Gross unrealized:

           

Appreciation

      $ 28,944,579   

Depreciation

        (33,751,141 ) 

Net unrealized appreciation (depreciation) of investments

      $ (4,806,562 ) 

 

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

 

(3) Interest rates on whole loans and corporate notes 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.

 

(4) 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.

 

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

 

(6) 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.

 

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

 

(8) 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.

 

(9) The interest rate will increase to 2.000% on March 1, 2017.

 

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

 

(11) 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.

 

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

 

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

 

(14) 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.

 

(15) 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.

 

(16) Borrowings as a percentage of Total Investments is 27.8%.

 

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

 

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

 

EUR Euro

 

GBP Pound Sterling

 

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

 

(WI/DD) Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.

 

USD-LIBOR-ICE United States Dollar – London Inter-Bank Offered Rate – Intercontinental Exchange

 

NUVEEN     11   

Item 2. 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 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)).

 

  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)    Diversified Real Asset Income Fund   
By (Signature and Title)    /s/ Gifford R. Zimmerman                                                       
  

Gifford R. Zimmerman

   
   Vice President and Secretary   

Date: October 28, 2016

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: October 28, 2016      
By (Signature and Title)    /s/ Stephen D. Foy                                                                    
   Stephen D. Foy   
   Vice President and Controller (principal financial officer)   
Date: October 28, 2016