NPORT-EX 2 tiaa_JCE.htm
1
Nuveen
Core
Equity
Alpha
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
JCE
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
100.3%  
(97.4%
of
Total
Investments) 
X
200,251,041
COMMON
STOCKS
-
99.3%
(96.4%
of
Total
Investments)
X
200,251,041
Aerospace
&
Defense
-
1.4%
5,610
General
Dynamics
Corp
$
1,280,258
250
Lockheed
Martin
Corp
118,182
3,130
Northrop
Grumman
Corp
1,445,184
Total
Aerospace
&
Defense
2,843,624
Automobiles
-
0.8%
8,060
Tesla
Inc
(2)
1,672,128
Total
Automobiles
1,672,128
Banks
-
2.8%
5,125
Bank
of
America
Corp
146,575
35,490
Citigroup
Inc
1,664,126
9,710
JPMorgan
Chase
&
Co
1,265,310
37,800
Truist
Financial
Corp
1,288,980
33,500
US
Bancorp
1,207,675
Total
Banks
5,572,666
Beverages
-
2.1%
20,870
Coca-Cola
Co/The
1,294,566
15,710
PepsiCo
Inc
2,863,933
Total
Beverages
4,158,499
Biotechnology
-
0.2%
2,460
AbbVie
Inc
392,050
Total
Biotechnology
392,050
Broadline
Retail
-
3.2%
61,950
Amazon.com
Inc
(2)
6,398,816
Total
Broadline
Retail
6,398,816
Building
Products
-
1.2%
20,670
Johnson
Controls
International
plc
1,244,747
6,810
Trane
Technologies
PLC
1,252,904
Total
Building
Products
2,497,651
Capital
Markets
-
1.5%
27,090
Bank
of
New
York
Mellon
Corp/The
1,230,970
2,000
CME
Group
Inc
383,040
18,550
Tradeweb
Markets
Inc,
Class
A
1,465,821
Total
Capital
Markets
3,079,831
Chemicals
-
0.6%
7,780
Ecolab
Inc
1,287,823
Total
Chemicals
1,287,823
Commercial
Services
&
Supplies
-
2.2%
2,270
Cintas
Corp
1,050,283
9,350
Republic
Services
Inc
1,264,307
29,590
Rollins
Inc
1,110,513
6,510
Waste
Management
Inc
1,062,237
Total
Commercial
Services
&
Supplies
4,487,340
Nuveen
Core
Equity
Alpha
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
2
JCE
Shares
Description
(1)
Value
Communications
Equipment
-
2.0%
52,750
Cisco
Systems
Inc
$
2,757,506
4,780
Motorola
Solutions
Inc
1,367,702
Total
Communications
Equipment
4,125,208
Consumer
Finance
-
1.0%
12,070
American
Express
Co
1,990,946
Total
Consumer
Finance
1,990,946
Consumer
Staples
Distribution
&
Retail
-
2.1%
49,900
Albertsons
Cos
Inc,
Class
A
1,036,922
6,410
BJ's
Wholesale
Club
Holdings
Inc
(2)
487,609
600
Costco
Wholesale
Corp
298,122
15,879
Walmart
Inc
2,341,358
Total
Consumer
Staples
Distribution
&
Retail
4,164,011
Containers
&
Packaging
-
0.1%
2,690
Berry
Global
Group
Inc
158,441
Total
Containers
&
Packaging
158,441
Diversified
Telecommunication
Services
-
0.9%
45,880
Verizon
Communications
Inc
1,784,273
Total
Diversified
Telecommunication
Services
1,784,273
Electric
Utilities
-
1.4%
21,970
Alliant
Energy
Corp
1,173,198
13,780
Avangrid
Inc
549,546
18,550
Evergy
Inc
1,133,776
Total
Electric
Utilities
2,856,520
Electrical
Equipment
-
0.6%
25,980
nVent
Electric
PLC
1,115,581
Total
Electrical
Equipment
1,115,581
Electronic
Equipment,
Instruments
&
Components
-
0.3%
5,310
TD
SYNNEX
Corp
513,955
1,060
Trimble
Inc
(2)
55,565
Total
Electronic
Equipment,
Instruments
&
Components
569,520
Energy
Equipment
&
Services
-
0.8%
21,400
Baker
Hughes
Co
617,604
29,940
Halliburton
Co
947,302
Total
Energy
Equipment
&
Services
1,564,906
Entertainment
-
0.2%
590
Live
Nation
Entertainment
Inc
(2)
41,300
60
Netflix
Inc
(2)
20,729
2,930
Walt
Disney
Co/The
(2)
293,381
Total
Entertainment
355,410
Financial
Services
-
4.6%
15,190
Berkshire
Hathaway
Inc,
Class
B
(2)
4,690,216
27,420
Corebridge
Financial
Inc
439,268
11,960
Fidelity
National
Information
Services
Inc
649,787
11,970
Global
Payments
Inc
1,259,723
2,061
Mastercard
Inc
748,988
7,060
PayPal
Holdings
Inc
(2)
536,136
4,660
Visa
Inc,
Class
A
1,050,644
Total
Financial
Services
9,374,762
3
Shares
Description
(1)
Value
Food
Products
-
1.2%
10,540
Bunge
Ltd
$
1,006,781
1,310
Hershey
Co/The
333,277
19,210
Tyson
Foods
Inc,
Class
A
1,139,537
Total
Food
Products
2,479,595
Ground
Transportation
-
1.8%
50,980
CSX
Corp
1,526,341
38,430
Schneider
National
Inc,
Class
B
1,028,003
5,170
Union
Pacific
Corp
1,040,514
Total
Ground
Transportation
3,594,858
Health
Care
Equipment
&
Supplies
-
3.3%
11,440
Abbott
Laboratories
1,158,414
10,740
Dexcom
Inc
(2)
1,247,773
17,170
Edwards
Lifesciences
Corp
(2)
1,420,474
3,520
IDEXX
Laboratories
Inc
(2)
1,760,282
7,990
Zimmer
Biomet
Holdings
Inc
1,032,308
Total
Health
Care
Equipment
&
Supplies
6,619,251
Health
Care
Providers
&
Services
-
4.9%
2,810
Centene
Corp
(2)
177,620
5,910
Cigna
Group/The
1,510,182
9,290
CVS
Health
Corp
690,340
3,620
Elevance
Health
Inc
1,664,512
5,280
HCA
Inc
1,392,230
1,470
McKesson
Corp
523,394
8,120
UnitedHealth
Group
Inc
3,837,431
Total
Health
Care
Providers
&
Services
9,795,709
Health
Care
Technology
-
0.2%
12,780
Teladoc
Health
Inc
(2)
331,002
Total
Health
Care
Technology
331,002
Hotels,
Restaurants
&
Leisure
-
3.3%
2,920
Airbnb
Inc
(2)
363,248
11,710
Hilton
Worldwide
Holdings
Inc
1,649,588
9,930
Marriott
International
Inc/MD,
Class
A
1,648,777
8,090
McDonald's
Corp
2,262,045
3,740
Starbucks
Corp
389,446
6,300
Travel
+
Leisure
Co
246,960
Total
Hotels,
Restaurants
&
Leisure
6,560,064
Household
Products
-
1.2%
20,690
Colgate-Palmolive
Co
1,554,854
6,380
Procter
&
Gamble
Co/The
948,642
Total
Household
Products
2,503,496
Insurance
-
2.3%
21,970
American
International
Group
Inc
1,106,409
2,160
Aon
PLC,
Class
A
681,026
9,330
F&G
Annuities
&
Life
Inc
169,060
6,420
Marsh
&
McLennan
Cos
Inc
1,069,251
11,280
Progressive
Corp/The
1,613,717
Total
Insurance
4,639,463
Nuveen
Core
Equity
Alpha
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
4
JCE
Shares
Description
(1)
Value
Interactive
Media
&
Services
-
5.9%
36,660
Alphabet
Inc,
Class
A
(2)
$
3,802,742
38,590
Alphabet
Inc,
Class
C
(2),(3)
4,013,360
19,460
Meta
Platforms
Inc
(2)
4,124,352
Total
Interactive
Media
&
Services
11,940,454
IT
Services
-
0.0%
370
VeriSign
Inc
(2)
78,192
Total
IT
Services
78,192
Life
Sciences
Tools
&
Services
-
4.2%
7,220
Agilent
Technologies
Inc
998,815
8,910
Danaher
Corp
2,245,676
1,080
Mettler-Toledo
International
Inc
(2)
1,652,627
26,020
Syneos
Health
Inc
(2)
926,832
4,773
Thermo
Fisher
Scientific
Inc
2,751,014
Total
Life
Sciences
Tools
&
Services
8,574,964
Machinery
-
1.1%
7,820
AGCO
Corp
1,057,264
19,660
Ingersoll
Rand
Inc
1,143,819
Total
Machinery
2,201,083
Media
-
0.6%
32,740
Comcast
Corp,
Class
A
1,241,173
Total
Media
1,241,173
Oil,
Gas
&
Consumable
Fuels
-
4.0%
5,420
Chevron
Corp
884,327
17,470
ConocoPhillips
1,733,199
2,800
EOG
Resources
Inc
320,964
37,580
Exxon
Mobil
Corp
4,121,023
22,930
HF
Sinclair
Corp
1,109,353
Total
Oil,
Gas
&
Consumable
Fuels
8,168,866
Pharmaceuticals
-
3.9%
17,970
Bristol-Myers
Squibb
Co
1,245,501
900
Eli
Lilly
&
Co
309,078
22,180
Johnson
&
Johnson
3,437,900
5,011
Merck
&
Co
Inc
533,120
56,380
Pfizer
Inc
2,300,304
Total
Pharmaceuticals
7,825,903
Professional
Services
-
1.5%
6,980
Automatic
Data
Processing
Inc
1,553,957
1,720
Booz
Allen
Hamilton
Holding
Corp
159,427
1,750
KBR
Inc
96,338
12,850
Leidos
Holdings
Inc
1,182,971
Total
Professional
Services
2,992,693
Retail
Reits
-
0.6%
59,760
Kimco
Realty
Corp
1,167,113
Total
Retail
Reits
1,167,113
Semiconductors
&
Semiconductor
Equipment
-
4.2%
1,840
Advanced
Micro
Devices
Inc
(2)
180,338
120
Broadcom
Inc
76,985
1,230
Enphase
Energy
Inc
(2)
258,645
4,040
Intel
Corp
131,987
16,070
Lattice
Semiconductor
Corp
(2)
1,534,685
5
Shares
Description
(1)
Value
Semiconductors
&
Semiconductor
Equipment
(continued)
9,830
NVIDIA
Corp
$
2,730,479
16,540
QUALCOMM
Inc
2,110,173
13,050
Skyworks
Solutions
Inc
1,539,639
Total
Semiconductors
&
Semiconductor
Equipment
8,562,931
Software
-
12.3%
6,640
Adobe
Inc
(2)
2,558,857
8,930
Cadence
Design
Systems
Inc
(2)
1,876,104
24,250
Fortinet
Inc
(2)
1,611,655
9,760
Manhattan
Associates
Inc
(2)
1,511,336
42,355
Microsoft
Corp
12,210,947
11,421
Salesforce
Inc
(2)
2,281,687
4,440
Synopsys
Inc
(2)
1,714,950
25,940
Teradata
Corp
(2)
1,044,863
Total
Software
24,810,399
Specialized
REITs
-
1.3%
5,710
Crown
Castle
Inc
764,227
5,000
Life
Storage
Inc
655,450
38,560
VICI
Properties
Inc
1,257,827
Total
Specialized
REITs
2,677,504
Specialty
Retail
-
3.3%
10,240
Home
Depot
Inc/The
3,022,029
10,320
Lowe's
Cos
Inc
2,063,690
20,110
TJX
Cos
Inc/The
1,575,820
Total
Specialty
Retail
6,661,539
Technology
Hardware,
Storage
&
Peripherals
-
6.7%
81,788
Apple
Inc
(3)
13,486,841
Total
Technology
Hardware,
Storage
&
Peripherals
13,486,841
Textiles,
Apparel
&
Luxury
Goods
-
1.1%
2,730
Lululemon
Athletica
Inc
(2)
994,239
50,010
VF
Corp
1,145,729
Total
Textiles,
Apparel
&
Luxury
Goods
2,139,968
Trading
Companies
&
Distributors
-
0.4%
4,840
WESCO
International
Inc
747,974
Total
Trading
Companies
&
Distributors
747,974
Total
Common
Stocks
(cost
$180,196,884)
200,251,041
Nuveen
Core
Equity
Alpha
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
6
JCE
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
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:
Shares
Description
(1)
Value
X
2,034,846
EXCHANGE-TRADED
FUNDS
-
1.0%
(1.0%
of
Total
Investments)
X
2,034,846
4,950
iShares
Core
S&P
500
ETF
$
2,034,846
Total
Exchange-Traded
Funds
(cost
$1,850,594)
2,034,846
Total
Long-Term
Investments
(cost
$182,047,478)
202,285,887
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
 2.7% (2.6%
of
Total
Investments) 
5,487,279
REPURCHASE
AGREEMENTS
-
2.7%
(2.6%
of
Total
Investments)
X
5,487,279
$
5,487
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
3/31/23,
repurchase
price
$5,487,938,
collateralized
by
$5,798,100,
U.S.
Treasury
Note,
2.25%,
due
11/15/2025,
value
$5,597,069
1.440%
4/03/23
$
5,487,279
Total
Repurchase
Agreements
(cost
$5,487,279)
5,487,279
Total
Short-Term
Investments
(cost
$5,487,279)
5,487,279
Total
Investments
(cost
$
187,534,757
)
-
103
.0
%
207,773,166
Other
Assets
&
Liabilities,
Net
-  (3.0)%(4)
(
6,003,979
)
Net
Assets
Applicable
to
Common
Shares
-
100%
$
201,769,187
Options
Written
Description
(5)
Type
Number
of
Contracts
Notional
Amount
(6)
Exercise
Price
Expiration
Date
Value
S&P
500
Index
Call
(74)
$
(
30,340,000
)
$
4,100
4/21/23
$
(
536,130
)
S&P
500
Index
Call
(40)
(
16,800,000
)
4,200
4/21/23
(
100,000
)
S&P
500
Index
Call
(33)
(
13,860,000
)
4,200
5/19/23
(
211,365
)
S&P
500
Index
Call
(21)
(
9,030,000
)
4,300
5/19/23
(
59,640
)
Total
Options
Written
(premiums
received
$458,929)
(168)
$(70,030,000)
$(907,135)
7
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
200,251,041
$
–
$
–
$
200,251,041
Exchange-Traded
Funds
2,034,846
–
–
2,034,846
Investments
Purchased
with
Collateral
from
Securities
Lending
–
–
–
–
Short-Term
Investments:
Repurchase
Agreements
–
5,487,279
–
5,487,279
Investments
in
Derivatives:
Options
Written
(907,135)
–
–
(907,135)
Total
$
201,378,752
$
5,487,279
$
–
$
206,866,031
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.
(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