NPORT-EX 2 tiaa_DIAX.htm

1

Nuveen

Dow

30

SM

Dynamic

Overwrite

Fund

Portfolio

of

Investments

March

31,

2022

(Unaudited)

DIAX

Shares

Description

(1)

Value

LONG-TERM

INVESTMENTS

-

101.8%   

COMMON

STOCKS

-

100.2%

Aerospace

&

Defense

-

3.7%

121,259

Boeing

Co

(2)

$

23,221,099

Banks

-

2.6%

121,259

JPMorgan

Chase

&

Co

16,530,027

Beverages

-

1.2%

121,259

Coca-Cola

Co

7,518,058

Biotechnology

-

4.6%

121,259

Amgen

Inc

(3)

29,322,851

Capital

Markets

-

6.3%

121,259

Goldman

Sachs

Group

Inc

(3)

40,027,596

Chemicals

-

1.2%

121,259

Dow

Inc

7,726,624

Communications

Equipment

-

1.1%

121,259

Cisco

Systems

Inc

6,761,402

Consumer

Finance

-

3.6%

121,259

American

Express

Co

22,675,433

Diversified

Telecommunication

Services

-

1.0%

121,259

Verizon

Communications

Inc

6,176,933

Entertainment

-

2.6%

121,259

Walt

Disney

Co

(2)

16,631,884

Food

&

Staples

Retailing

-

3.7%

121,259

Walgreens

Boots

Alliance

Inc

5,428,766

121,259

Walmart

Inc

18,057,890

Total

Food

&

Staples

Retailing

23,486,656

Health

Care

Providers

&

Services

-

9.7%

121,259

UnitedHealth

Group

Inc

61,838,452

Hotels,

Restaurants

&

Leisure

-

4.7%

121,259

McDonald's

Corp

29,984,926

Household

Products

-

2.9%

121,259

Procter

&

Gamble

Co

18,528,375

Industrial

Conglomerates

-

6.5%

121,259

3M

Co

18,053,040

121,259

Honeywell

International

Inc

23,594,576

Total

Industrial

Conglomerates

41,647,616

Insurance

-

3.5%

121,259

Travelers

Cos

Inc

22,157,657

Nuveen

Dow

30SM

Dynamic

Overwrite

Fund

(continued)

Portfolio

of

Investments

March

31,

2022

(Unaudited)

2

DIAX

Investments

in

Derivatives

Shares

Description

(1)

Value

IT

Services

-

6.7%

121,259

International

Business

Machines

Corp

$

15,766,095

121,259

Visa

Inc,

Class

A

26,891,609

Total

IT

Services

42,657,704

Machinery

-

4.2%

121,259

Caterpillar

Inc

27,018,930

Oil,

Gas

&

Consumable

Fuels

-

3.1%

121,259

Chevron

Corp

19,744,603

Pharmaceuticals

-

4.9%

121,259

Johnson

&

Johnson

21,490,733

121,259

Merck

&

Co

Inc

9,949,301

Total

Pharmaceuticals

31,440,034

Semiconductors

&

Semiconductor

Equipment

-

0.9%

121,259

Intel

Corp

6,009,596

Software

-

9.9%

121,259

Microsoft

Corp

37,385,362

121,259

salesforce.com

Inc

(2)

25,745,711

Total

Software

63,131,073

Specialty

Retail

-

5.7%

121,259

Home

Depot

Inc

36,296,456

Technology

Hardware,

Storage

&

Peripherals

-

3.3%

121,259

Apple

Inc

(3)

21,173,034

Textiles,

Apparel

&

Luxury

Goods

-

2.6%

121,259

NIKE

Inc,

Class

B

16,316,611

Total

Common

Stocks

(cost

$257,140,251)

638,023,630

Shares

Description

(1)

Value

EXCHANGE-TRADED

FUNDS

-

1.6%

45,000

Vanguard

Total

Stock

Market

ETF

10,245,150

Total

Exchange-Traded

Funds

(cost

$9,871,751)

10,245,150

Total

Long-Term

Investments

(cost

$267,012,002)

648,268,780

Principal

Amount

(000)

Description

(1)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

 1.7%  

REPURCHASE

AGREEMENTS

-

1.7%

$

10,956

Repurchase

Agreement

with

Fixed

Income

Clearing

Corporation,

dated

3/31/22,repurchase

price

$10,956,074,

collateralized

by

$10,349,300,

U.S.

Treasury

Inflation

Index

Note,

0.125%,

due

1/15/32,

value

$11,175,214

0.000%

4/01/22

$

10,956,074

Total

Short-Term

Investments

(cost

$10,956,074)

10,956,074

Total

Investments

(cost

$277,968,076

)

-

103.5%

659,224,854

Other

Assets

Less

Liabilities

-

(3.5)%

(4)

(22,442,655)

Net

Assets

Applicable

to

Common

Shares

-

100%

$

636,782,199

3

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Options

Purchased

Description(5)

Type

Number

of

Contracts

Notional

Amount

(6)

Exercise

Price

Expiration

Date

Value

Cboe

Volatility

Index

Call

300

$

900,000

$

30

4/20/22

$

33,750

Total

Options

Purchased

(premiums

paid

$27,465)

300

$900,000

$33,750

Options

Written

Description(5)

Type

Number

of

Contracts

Notional

Amount

(6)

Exercise

Price

Expiration

Date

Value

Russell

2000®

Index

Call

(44)

$

(9,240,000)

$

2,100

4/14/22

$

(105,160)

S&P

500®

Index

Call

(630)

(278,145,000)

4,415

4/14/22

(9,601,200)

S&P

500®

Index

Call

(100)

(44,200,000)

4,420

4/14/22

(1,483,500)

S&P

500®

Index

Call

(50)

(22,500,000)

4,500

4/14/22

(436,250)

S&P

500®

Index

Call

(50)

(23,000,000)

4,600

4/14/22

(153,500)

S&P

500®

Index

Call

(50)

(23,500,000)

4,700

4/14/22

(28,750)

Total

Options

Written

(premiums

received

$7,435,269)

(924)

$(400,585,000)

$(11,808,360)

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

638,023,630

$

–

$

–

$

638,023,630

Exchange-Traded

Funds

10,245,150

–

–

10,245,150

Short-Term

Investments:

Repurchase

Agreements

–

10,956,074

–

10,956,074

Investments

in

Derivatives:

Options

Purchased

33,750

–

–

33,750

Options

Written

(11,808,360)

–

–

(11,808,360)

Total

$

636,494,170

$

10,956,074

$

–

$

647,450,244

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

applicable

to

common

shares

unless

otherwise

noted.

(2)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(3)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

derivatives.

Nuveen

Dow

30SM

Dynamic

Overwrite

Fund

(continued)

Portfolio

of

Investments

March

31,

2022

(Unaudited)

4

DIAX

(4)

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.

(5)

Exchange-traded,

unless

otherwise

noted.

(6)

For

disclosure

purposes,

Notional

Amount

is

calculated

by

multiplying

the

Number

of

Contracts

by

the

Exercise

Price

by

100.

ETF

Exchange-Traded

Fund

S&P

Standard

&

Poor’s