Edgar Filing: Nuveen Real Asset Income & Growth Fund

Nuveen Real Asset Income and Growth Fund

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22658

Nuveen Real Asset Income and Growth Fund

(Exact name of registrant as specified in charter)

333 West Wacker Drive, Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Gifford R. Zimmerman—Vice President and Secretary

333 West Wacker Drive, Chicago, Illinois 60606

(Name and address of agent for service)

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

Date of fiscal year end: December 31

Date of reporting period: September 30, 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

JRI


Nuveen Real Asset Income and Growth Fund
Portfolio of Investments		September 30, 2016 (Unaudited)


Shares		Description (1)	Value

		LONG-TERM INVESTMENTS – 139.1% (98.2% of Total Investments)

		COMMON STOCKS – 62.5% (44.1% of Total Investments)

		Air Freight & Logistics – 1.6%

	91,032	BPost SA, (2)	$	2,468,543
	15,104	Oesterreichische Post AG, (2)		534,998
		Total Air Freight & Logistics		3,003,541

		Commercial Services & Supplies – 0.7%

	84,034	Covanta Holding Corporation		1,293,283

		Diversified Telecommunication Services – 0.6%

	483,103	HKBN Limited, (2)		545,518
	224,600	Singapore Telecommunications Limited, (2)		656,931
		Total Diversified Telecommunication Services		1,202,449

		Electric Utilities – 8.6%

	65,070	Alupar Investimento SA		323,534
	189	Alupar Investimento SA, (3)		313
	1,234,586	AusNet Services, (2)		1,556,100
	27,197	Brookfield Infrastructure Partners LP		942,104
	390,922	Contact Energy Limited, (2)		1,434,815
	58,854	EDP – Energias de Portugal, S.A., (2)		197,514
	34,586	Endesa S.A, (2), (4)		741,513
	2,385	Hafslund ASA, Class B		22,971
	706,301	HK Electric Investments Limited, 144A, (2)		695,200
	803,237	Infratil Limited, (2)		1,896,016
	73,597	Scottish and Southern Energy PLC, (2)		1,494,438
	44,395	Southern Company, (9)		2,277,464
	2,205,306	Spark Infrastructure Group, (2)		3,914,523
	99,213	Transmissora Alianca de Energia Eletrica SA		640,035
		Total Electric Utilities		16,136,540

		Gas Utilities – 1.1%

	6,006	AmeriGas Partners, LP		274,234
	15,052	Enagas, (2)		452,798
	229,812	Snam Rete Gas S.p.A, (2)		1,274,276
		Total Gas Utilities		2,001,308

		Health Care Providers & Services – 0.6%

	93,401	Sienna Senior Living Inc., Subscription		1,207,425

		Independent Power & Renewable Electricity Producers – 3.1%

	7,991	Brookfield Renewable Energy Partners LP		245,803
	52,593	Brookfield Renewable Energy Partners LP		1,615,933
	832	NextEra Energy Partners LP		23,271
	59,821	Pattern Energy Group Inc.		1,345,374
	188,476	Renewables Infrastructure Group Limited		258,462
	210,000	Saeta Yield S.A, (2), (4)		2,087,865
	22,978	TransAlta Renewables Inc.		257,987
		Total Independent Power & Renewable Electricity Producers		5,834,695

		Media – 0.2%

	14,285	SES SA, (2)		350,766


NUVEEN			1


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Shares		Description (1)	Value

		Multi-Utilities – 7.6%

	72,896	CenterPoint Energy, Inc., (5)	$	1,693,374
	520,160	Centrica PLC, (2)		1,537,988
	925,894	Duet Group, (2)		1,782,628
	222,586	Engie, (2)		3,451,129
	39,288	National Grid PLC, Sponsored ADR, (9)		2,793,770
	336,709	Redes Energeticas Nacionais SA, (2)		984,182
	847,218	Vector Limited, (2)		2,037,171
		Total Multi-Utilities		14,280,242

		Oil, Gas & Consumable Fuels – 5.4%

	19,796	AltaGas Limited		509,103
	4,375	Enbridge Energy Partners LP		111,256
	24,680	Enbridge Income Fund Holdings Inc.		639,598
	120,375	Enterprise Products Partnership LP, (9)		3,325,961
	70,728	Inter Pipeline Limited		1,493,323
	9,620	Noble Midstream Partners LP, (4)		268,398
	39,962	Plains All American Pipeline LP		1,255,206
	133,414	Plains GP Holdings LP, Class A		1,726,377
	88,537	Veresen Inc.		904,300
		Total Oil, Gas & Consumable Fuels		10,233,522

		Real Estate Investment Trusts – 27.3%

	135,246	AEW UK REIT PLC		170,478
	11,149	Ares Commercial Real Estate Corporation		140,477
	95,171	Armada Hoffler Properties Inc.		1,275,291
	298,551	Ascendas Real Estate Investment Trust, (2)		552,762
	46,441	Automotive Properties Real Estate Investment Trust		372,392
	54,638	Blackstone Mortgage Trust Inc., Class A		1,609,089
	16,771	Camden Property Trust		1,404,404
	14,444	Care Capital Properties, Inc.		411,654
	12,755	CareTrust REIT Inc.		188,519
	58,397	Charter Hall Retail REIT, (2)		190,078
	42,980	Choice Properties Real Estate Investment Trust		452,421
	78,639	City Office REIT, Inc.		1,001,074
	1,416	Cofinimmo, SANV, (2)		176,334
	554	Columbia Property Trust Inc.		12,404
	51,982	Community Healthcare Trust Inc., (9)		1,139,445
	80,503	Crombie Real Estate Investment Trust		878,081
	125,687	Dream Global Real Estate Investment Trust		863,173
	41,963	Easterly Government Properties, Inc.		800,654
	4,215	Entertainment Properties Trust		331,889
	24,114	Eurocommercial Properties NV, (2)		1,088,873
	295,644	Fortune REIT, (2)		371,525
	6,821	Four Corners Property Trust, Inc.		145,492
	63,848	Franklin Street Properties Corporation		804,485
	1,087,291	Frasers Centrepoint Trust, (2)		1,755,109
	2,746,393	Frasers Logistics & Industrial Trust, (2), (4)		2,006,857
	47,503	Gaming and Leisure Properties Inc.		1,588,975
	36,994	Hospitality Properties Trust		1,099,462
	5,174	ICADE, (2)		403,717
	106,441	Immobiliare Grande Distribuzione SIIQ SpA, (2)		80,210
	80,511	Independence Realty Trust		724,599
	47,372	Investors Real Estate Trust		281,863
	507,473	Keppel DC REIT, (2)		453,745
	88,843	Killam Apartment Real Estate I		818,714
	3,601	LaSalle Hotel Properties		85,956
	9,444	Lexington Corporate Properties Trust		97,273
	58,196	Liberty Property Trust		2,348,210
	16,673	LTC Properties Inc.		866,829
	40,710	Macquarie Mexico Real Estate Management SA de CV		49,844
	815,381	Mapletree Commercial Trust, (2)		957,481
	1,257,271	Mapletree Greater China Commercial Trust, (2)		1,015,590
	149,658	Mapletree Logistics Trust, (2)		117,771


	2			NUVEEN


Shares		Description (1)					Value

		Real Estate Investment Trusts (continued)

	77,026	MedEquities Realty Trust, Inc., (4)					$	905,056
	172,659	Medical Properties Trust Inc.						2,550,173
	28,556	MGM Growth Properties LLC, Class A						744,455
	38,876	New Senior Investment Group Inc.						448,629
	158,460	NorthWest Healthcare Properties REIT						1,263,380
	55,215	Omega Healthcare Investors Inc., (9)						1,957,372
	57,453	OneREIT						157,651
	367,707	Parkway Life Real Estate Investment Trust, (2)						701,823
	480	Physicians Realty Trust						10,339
	279,540	Plaza Retail REIT						1,116,498
	569,481	Prologis Property Mexico SA de CV						934,266
	220,276	Pure Industrial Real Estate Trust						925,127
	16,247	Sabra Health Care Real Estate Investment Trust Inc.						409,099
	32,654	Smart Real Estate Investment Trust						879,850
	51,779	Spirit Realty Capital Inc., (5)						690,214
	10,685	STAG Industrial Inc.						261,889
	17,509	Starwood Property Trust Inc.						394,303
	521,168	TF Administradora Industrial S de RL de CV						862,801
	9,889	Universal Health Realty Income Trust						623,205
	12,079	Urstadt Biddle Properties Inc., Class A						268,395
	206,508	VEREIT, Inc.						2,141,488
	449,872	Vicinity Centres, (2)						1,097,131
	132,114	Viva Energy REIT, (4)						242,672
	44,253	Washington Prime Group, Inc.						547,852
	22,627	Wereldhave NV, (2)						1,145,545
	83,271	WPT Industrial Real Estate Investment Trust						938,464
		Total Real Estate Investment Trusts						51,350,876

		Real Estate Management & Development – 0.0%

	5	Atrium European Real Estate Ltd, (2)						22
	7,353	Citycon Oyj, (2)						18,735
		Total Real Estate Management & Development						18,757

		Road & Rail – 0.4%

	191,331	Aurizon Holdings Limited, (2)						691,784

		Transportation Infrastructure – 4.9%

	17,828	Abertis Infraestructuras S.A, (2)						277,750
	45,646	Cosco Shipping Ports Limited, (2)						46,965
	156,745	Enav S.p.A, (4)						644,098
	3,806,972	Hopewell Highway Infrastructure Limited, (2)						2,326,552
	3,027,684	Hutchison Port Holdings Trust, (2)						1,351,601
	60,551	Jiangsu Expressway Company Limited, (2)						84,028
	24,417	Macquarie Infrastructure Corporation, (5)						2,032,471
	143,971	Sydney Airport, (2)						771,694
	181,039	Transurban Group, (2)						1,582,155
	162,919	Zhejiang Expressway Company Limited, (2)						172,596
		Total Transportation Infrastructure						9,289,910

		Water Utilities – 0.4%

	379,545	Inversiones Aguas Metropolitanas SA						678,723
		Total Common Stocks (cost $107,282,586)						117,573,821

Shares		Description (1)	Coupon		Ratings (6)		Value

		CONVERTIBLE PREFERRED SECURITIES – 14.2% (10.1% of Total Investments)

		Electric Utilities – 4.8%

	54,732	Exelon Corporation		6.500%		BB+	$	2,558,175
	32,452	Great Plains Energy Inc.		7.000%		N/R		1,670,953
	37,927	NextEra Energy Inc.		6.371%		BBB		2,239,210


NUVEEN			3


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Shares		Description (1)	Coupon		Ratings (6)		Value

		Electric Utilities (continued)

	53,379	NextEra Energy Inc.		6.123%		BBB	$	2,658,274
		Total Electric Utilities						9,126,612

		Gas Utilities – 0.5%

	16,253	Spire, Inc., (2)		6.750%		N/R		927,396

		Multi-Utilities – 3.6%

	9,809	Black Hills Corp		7.750%		N/R		676,429
	60,553	Dominion Resources Inc.		6.750%		BBB–		3,021,595
	27,020	Dominion Resources Inc.		6.375%		Baa3		1,344,515
	34,122	DTE Energy Company		5.000%		BBB–		1,774,344
		Total Multi-Utilities						6,816,883

		Oil, Gas & Consumable Fuels – 1.3%

	17,331	Anadarko Petroleum Corporation		7.500%		N/R		721,836
	33,672	Kinder Morgan Inc., Delaware		9.750%		N/R		1,685,957
		Total Oil, Gas & Consumable Fuels						2,407,793

		Real Estate Investment Trusts – 4.0%

	39,224	Alexandria Real Estate Equities Inc.		7.000%		Baa3		1,395,590
	26,122	American Tower Corporation		5.500%		N/R		2,862,710
	33,972	EPR Properties Inc.		9.000%		BB		1,262,739
	1,717	EPR Properties Inc.		5.750%		BB		52,729
	11,635	Equity Commonwealth		6.500%		Ba1		315,192
	706	FelCor Lodging Trust Inc., Series A.		1.950%		CCC		17,657
	3,182	Lexington Corporate Properties Trust, Series B		6.500%		N/R		167,851
	21,226	Ramco-Gershenson Properties Trust		7.250%		N/R		1,457,377
		Total Real Estate Investment Trusts						7,531,845
		Total Convertible Preferred Securities (cost $25,288,971)						26,810,529

Shares		Description (1)	Coupon		Ratings (6)		Value

		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 28.6% (20.2% of Total Investments)

		Electric Utilities – 6.7%

	7,138	APT Pipelines Limited		6.455%		N/R	$	559,964
	53,436	Brookfield Infrastructure Partners L.P.		5.350%		BBB–		1,040,657
	38,223	Entergy Arkansas Inc.		4.875%		A		953,282
	2,889	Entergy Louisiana LLC		4.875%		A		72,052
	16,567	Entergy New Orleans, Inc.		5.500%		A		453,273
	14,451	Entergy Texas Inc.		5.625%		A		403,905
	47,760	Integrys Energy Group Inc., (2)		6.000%		Baa1		1,306,236
	65,009	NextEra Energy Inc.		5.250%		BBB		1,670,081
	31,757	NextEra Energy Inc.		5.000%		BBB		811,074
	40,837	Pacific Gas & Electric Corporation		6.000%		BBB+		1,300,658
	76,591	PPL Capital Funding, Inc.		5.900%		BBB		2,017,407
	21,547	SCE Trust I		5.625%		Baa1		551,388
	53,999	Southern Company		5.250%		BBB		1,365,635
		Total Electric Utilities						12,505,612

		Independent Power & Renewable Electricity Producers – 0.2%

	24,177	Brookfield Renewable Partners, Preferred Equity		5.750%		BB+		469,921

		Multi-Utilities – 2.5%

	112,079	Dominion Resources Inc.		5.250%		BBB–		2,853,530
	52,148	DTE Energy Company		5.375%		Baa1		1,344,375
	18,325	DTE Energy Company		5.250%		Baa1		473,335
		Total Multi-Utilities						4,671,240


	4			NUVEEN


Shares		Description (1)	Coupon				Ratings (6)		Value

		Oil, Gas & Consumable Fuels – 0.7%

	16,547	Nustar Logistics Limited Partnership		7.625%				Ba2	$	422,776
	41,998	Pembina Pipeline Corporation		5.750%				BB+		834,230
		Total Oil, Gas, & Consumable Fuels								1,257,006

		Real Estate Investment Trusts – 18.0%

	22,834	American Homes 4 Rent		6.350%				N/R		592,771
	3,399	American Homes 4 Rent		5.500%				N/R		94,696
	23,751	American Homes 4 Rent		5.000%				N/R		672,391
	27,909	American Homes 4 Rent		5.000%				N/R		787,313
	27,969	American Homes 4 Rent		6.500%				N/R		748,730
	16,867	Apollo Commercial Real Estate Finance		8.625%				N/R		434,325
	30,221	Arbor Realty Trust Incorporated		7.375%				N/R		769,124
	61,766	CBL & Associates Properties Inc.		7.375%				BB		1,544,768
	36,743	CBL & Associates Properties Inc.		6.625%				BB		928,128
	111,655	Cedar Shopping Centers Inc., Series A		7.250%				N/R		2,869,533
	25,391	Chesapeake Lodging Trust		7.750%				N/R		653,057
	67,728	City Office REIT, Inc., (WI/DD)		6.625%				N/R		1,681,009
	16,270	Colony Financial Inc.		7.500%				N/R		409,191
	51,818	Colony Financial Inc.		7.125%				N/R		1,284,050
	4,256	Colony Financial Inc.		8.500%				N/R		109,166
	6,518	Dupont Fabros Technology		6.625%				Ba2		184,394
	13,671	General Growth Properties		6.375%				N/R		354,079
	20,063	Gladstone Commercial Corporation		7.000%				N/R		509,400
	46,125	Gramercy Property Trust		7.125%				BB+		1,235,228
	43,797	Hersha Hospitality Trust		6.875%				N/R		1,138,722
	68,861	Hersha Hospitality Trust		6.500%				N/R		1,748,381
	45,179	Investors Real Estate Trust		7.950%				N/R		1,165,618
	31,660	LaSalle Hotel Properties		6.300%				N/R		804,481
	33,109	Monmouth Real Estate Investment Corp		6.125%				N/R		855,868
	7,412	Northstar Realty Finance Corporation		8.750%				N/R		189,006
	65,072	Pebblebrook Hotel Trust		6.500%				N/R		1,685,365
	34,865	Pebblebrook Hotel Trust		6.375%				N/R		934,731
	2,339	Post Properties, Inc., Series A		8.500%				Baa3		160,222
	16,830	Rait Financial Trust		7.125%				N/R		410,820
	24,161	STAG Industrial Inc.		6.875%				BB+		650,414
	37,405	Summit Hotel Properties Inc.		7.875%				N/R		977,393
	73,988	Summit Hotel Properties Inc.		7.125%				N/R		1,906,671
	24,106	Summit Hotel Properties Inc.		6.450%				N/R		618,319
	49,417	Sunstone Hotel Investors Inc.		6.450%				N/R		1,282,371
	32,957	UMH Properties Inc.		8.000%				N/R		907,965
	29,683	Urstadt Biddle Properties		7.125%				N/R		776,210
	45,435	Urstadt Biddle Properties		6.750%				N/R		1,197,212
	6,748	Washington Prime Group, Inc.		7.500%				Ba1		174,166
	19,304	Washington Prime Group, Inc.		6.875%				Ba1		499,201
		Total Real Estate Investment Trusts								33,944,489

		Real Estate Management & Development – 0.2%

	14,507	Landmark Infrastructure Partners LP		8.000%				N/R		372,540

		Trading Companies & Distributors – 0.3%

	21,500	GATX Corporation		5.625%				BBB		567,600
		Total $25 Par (or similar) Retail Preferred (cost $51,572,270)								53,788,408

Principal Amount (000) (7)		Description (1)	Coupon		Maturity		Ratings (6)		Value

		CORPORATE BONDS – 19.0% (13.4% of Total Investments)

		Commercial Services & Supplies – 1.9%

$	1,015	ADS Waste Holdings Inc., (9)		8.250%		10/01/20		CCC+	$	1,065,750
	256	Casella Waste Systems Inc.		7.750%		2/15/19		B		261,120


NUVEEN			5


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Principal Amount (000) (7)			Description (1)	Coupon		Maturity		Ratings (6)		Value

			Commercial Services & Supplies (continued)

$	1,280		Covanta Holding Corporation, (9)		5.875%		3/01/24		Ba3	$	1,283,200
	890		GFL Environmental Corporation, 144A		9.875%		2/01/21		B–		974,550
			Total Commercial Services & Supplies								3,584,620

			Construction & Engineering – 0.3%

	4,500	NOK	VV Holding AS, 144A		6.230%		7/10/19		N/R		517,850

			Consumer Finance – 0.1%

	195		Covenant Surgical Partners Inc., 144A		8.750%		8/01/19		B–		187,200

			Diversified Telecommunication Services – 1.5%

	485		CyrusOne LP Finance		6.375%		11/15/22		BB		513,644
	1,140		Qualitytech LP/QTS Finance Corp.		5.875%		8/01/22		BB		1,165,650
	1,175		SBA Communications Corporation, 144A		4.875%		9/01/24		B		1,183,812
			Total Diversified Telecommunication Services								2,863,106

			Electric Utilities – 0.2%

	475		Intergen NV, 144A		7.000%		6/30/23		B1		401,375

			Energy Equipment & Services – 0.2%

	295		Compressco Partners LP / Compressco Finance Corporation		7.250%		8/15/22		B–		278,775

			Gas Utilities – 1.5%

	585		AmeriGas Partners LP/AmeriGas Finance Corporation		5.875%		8/20/26		BB		620,100
	877		Ferrellgas LP		6.750%		1/15/22		B		780,530
	665		LBC Tank Terminals Holdings Netherlands BV, 144A		6.875%		5/15/23		B		661,675
	685		Suburban Propane Partners LP		5.750%		3/01/25		BB–		693,563
			Total Gas Utilities								2,755,868

			Health Care Equipment & Supplies – 0.3%

	575		Tenet Healthcare Corporation		8.125%		4/01/22		B–		575,000

			Health Care Providers & Services – 1.8%

	325		Acadia Healthcare		5.625%		2/15/23		B		329,875
	620		Community Health Systems, Inc.		6.875%		2/01/22		B		533,200
	420		HCA Inc.		5.375%		2/01/25		BB		433,650
	605		Iasis Healthcare Capital Corporation		8.375%		5/15/19		CCC+		547,525
	755		Kindred Healthcare Inc., (9)		6.375%		4/15/22		B–		715,362
	230		Lifepoint Health Inc.		5.875%		12/01/23		Ba2		238,050
	529		Select Medical Corporation		6.375%		6/01/21		B–		520,404
			Total Health Care Providers & Services								3,318,066

			Hotels, Restaurants & Leisure – 0.3%

	615		MGM Growth Properties Operating Partnership LP / MGP Escrow Co-Issuer, Inc., 144A		4.500%		9/01/26		BB–		615,000

			Independent Power & Renewable Electricity Producers – 0.3%

	815		GenOn Energy Inc.		9.500%		10/15/18		CCC+		643,850

			Internet Software & Services – 0.3%

	500		Equinix Inc.		5.750%		1/01/25		BB+		531,250

			IT Services – 0.5%

	940		Zayo Group LLC / Zayo Capital Inc.		6.000%		4/01/23		B–		984,650

			Marine – 0.2%

	355		Navios South American Logisitics Inc., Finance US Inc., 144A		7.250%		5/01/22		B–		269,800


	6			NUVEEN


Principal Amount (000) (7)			Description (1)	Coupon		Maturity		Ratings (6)		Value

			Multi-Utilities – 1.0%

$	1,400	GBP	RWE AG, Reg S		7.000%		3/29/49		BB+	$	1,882,657

			Oil, Gas & Consumable Fuels – 3.2%

	915		Calumet Specialty Products		7.625%		1/15/22		CCC+		738,863
	340		Crestwood Midstream Partners LP		6.125%		3/01/22		BB–		343,400
	790		Energy Transfer Equity LP		5.500%		6/01/27		BB+		786,050
	510		Gibson Energy, 144A		6.750%		7/15/21		BB		521,475
	435		Global Partners LP/GLP Finance		6.250%		7/15/22		B+		403,463
	25		Global Partners LP/GLP Finance		7.000%		6/15/23		B+		23,313
	615		Martin Mid-Stream Partners LP Finance		7.250%		2/15/21		B–		578,100
	352		NGL Energy Partners LP/Fin Co		5.125%		7/15/19		BB–		330,880
	235		NGL Energy Partners LP/Fin Co		6.875%		10/15/21		BB–		222,663
	550		Northern Tier Energy LLC		7.125%		11/15/20		BB–		562,375
	555		Rose Rock Midstream LP / Rose Rock Finance Corporation		5.625%		7/15/22		B+		510,600
	550		Sabine Pass Liquefaction LLC		6.250%		3/15/22		BBB–		602,250
	460		Summit Midstream Holdings LLC Finance		5.500%		8/15/22		B		438,150
			Total Oil, Gas & Consumable Fuels								6,061,582

			Real Estate Investment Trusts – 3.0%

	1,055		Care Capital Properties, Inc., 144A		5.125%		8/15/26		BBB–		1,055,454
	370		Corporate Office Properties LP		5.000%		7/01/25		BBB–		398,083
	1,030		DuPont Fabros Technology LP, (9)		5.625%		6/15/23		Ba1		1,084,074
	160		EPR Properties Inc.		4.500%		4/01/25		Baa2		162,216
	710		Geo Group Inc.		6.000%		4/15/26		B+		603,500
	350		MPT Operating Partnership Finance		5.250%		8/01/26		BBB–		363,125
	545		Omega Healthcare Investors Inc.		4.500%		4/01/27		BBB–		548,214
	855		PLA Administradora Industrial, S. de R.L. de C.V., 144A		5.250%		11/10/22		Baa3		872,100
	600		Trust F/1401, 144A		5.250%		1/30/26		Baa2		621,900
			Total Real Estate Investment Trusts								5,708,666

			Real Estate Management & Development – 0.9%

	755		Hunt Companies Inc., 144A		9.625%		3/01/21		N/R		775,763
	955		Kennedy-Wilson Holdings Incorporated		5.875%		4/01/24		BB–		962,162
			Total Real Estate Management & Development								1,737,925

			Road & Rail – 0.3%

	640		Watco Companies LLC Finance, 144A		6.375%		4/01/23		B		646,400

			Software – 0.5%

	880		SixSigma Networks Mexico SA de CV, 144A		8.250%		11/07/21		B+		855,800

			Transportation Infrastructure – 0.2%

	400		Mexico City Airport Trust, 144A		4.250%		10/31/26		BBB+		401,000

			Wireless Telecommunication Services – 0.5%

	1,045		Inmarsat Finance PLC, 144A		4.875%		5/15/22		BB+		992,750
			Total Corporate Bonds (cost $36,317,817)								35,813,190

Principal Amount (000)			Description (1)	Coupon		Maturity		Ratings (6)		Value

			CONVERTIBLE BONDS – 1.0% (0.7% of Total Investments)

			Multi-Utilities – 0.5%

$	1,005		Dominion Resources Inc.		5.750%		10/01/54		BBB–	$	1,039,974

			Oil, Gas & Consumable Fuels – 0.5%

	1,050		DCP Midstream LLC, 144A		5.850%		5/21/43		BB–		871,500
$	2,055		Total Convertible Bonds (cost $2,020,329)								1,911,474


NUVEEN			7


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Principal Amount (000) (7)			Description (1)	Coupon		Maturity		Ratings (6)		Value

			$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 11.2% (7.9% of Total Investments)

			Diversified Financial Services – 0.4%

$	720		National Rural Utilities Cooperative Finance Corporation		5.250%		4/20/46		A3	$	777,240

			Electric Utilities – 5.9%

	830		AES Gener SA, 144A		8.375%		12/18/73		BB		877,725
	850		ComEd Financing III		6.350%		3/15/33		Baa2		896,604
	4,155		Emera, Inc., (9)		6.750%		6/15/76		BBB–		4,468,702
	1,630		Enel SpA, 144A		8.750%		9/24/73		BBB–		1,905,063
	600	EUR	Energias de Portugal, SA, Reg S		5.375%		9/16/75		Ba2		687,995
	530		FPL Group Capital Inc.		6.350%		10/01/66		BBB		438,246
	1,285	GBP	NGG Finance PLC, Reg S		5.625%		6/18/73		BBB		1,869,582
			Total Electric Utilities								11,143,917

			Energy Equipment & Services – 3.8%

	2,740		Transcanada Trust		5.875%		8/15/76		BBB		2,898,920
	3,135		Transcanada Trust, (9)		5.625%		5/20/75		BBB		3,174,188
	890	EUR	Origin Energy Finance Limited, Reg S		7.875%		6/16/71		BB		1,060,609
			Total Energy Equipment & Services								7,133,717

			Multi-Utilities – 0.7%

	915	GBP	Centrica PLC, Reg S		5.250%		4/10/75		BBB		1,226,003

			Oil, Gas & Consumable Fuels – 0.4%

	775		Enterprise Products Operating LP, (5)		7.034%		1/15/68		Baa2		818,985
			Total $1,000 Par (or similar) Institutional Preferred (cost $20,230,631)								21,099,862

Shares			Description (1), (8)							Value

			INVESTMENT COMPANIES – 2.6% (1.8% of Total Investments)

	719,838		John Laing Infrastructure Fund							$	1,201,726
	7,232,535		Keppel Infrastructure Trust								2,678,324
	261,952		NextEnergy Solar Fund Limited								360,325
	411,853		Starwood European Real Estate Finance Limited								573,860
			Total Investment Companies (cost $4,888,912)								4,814,235
			Total Long-Term Investments (cost $247,601,516)								261,811,519

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

			SHORT-TERM INVESTMENTS – 2.6% (1.8% of Total Investments)

			REPURCHASE AGREEMENTS – 2.6% (1.8% of Total Investments)

$	4,921		Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/16, repurchase price $4,920,559, collateralized by $4,440,000 U.S. Treasury Bonds, 2.875%, due 8/15/45, value $5,028,300		0.030%		10/03/16			$	4,920,547
			Total Short-Term Investments (cost $4,920,547)								4,920,547
			Total Investments (cost $252,522,063) – 141.7%								266,732,066
			Borrowings – (38.8)% (10), (11)								(73,025,000	)
			Other Assets Less Liabilities – (2.9)% (12)								(5,431,693	)
			Net Assets – 100%							$	188,275,373


	8			NUVEEN

Investments in Derivatives as of September 30, 2016

Futures Contracts


Description	Contract Position		Number of Contracts			Contract Expiration		Notional Value			Variation Margin Receivable/ (Payable)		Unrealized Appreciation (Depreciation)
U.S. Treasury 5-Year Note		Short		(39	)		12/16	$	(4,739,109	)	$	8,227	$	(10,322	)

Interest Rate Swaps


Counterparty	Notional Amount		Fund Pay/Receive Floating Rate		Floating Rate Index		Fixed Rate (Annualized)			Fixed Rate Payment Frequency		Effective Date (13)		Optional Termina tion Date		Termina tion Date		Value			Unrealized Appreciation (Depreciation)
JPMorgan Chase Bank, N.A.	$	29,250,000		Receive		1-Month USD- LIBOR- ICE		1.462	%		Monthly		1/03/17		12/01/18		12/01/20	$	(680,078	)	$	(939,516	)
JPMorgan Chase Bank, N.A.		29,250,000		Receive		1-Month USD-LIBOR-ICE		1.842			Monthly		1/03/17		12/01/20		12/01/22		(1,453,434	)		(1,834,195	)
	$	58,500,000																$	(2,133,512	)	$	(2,773,711	)

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).

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


	Level 1			Level 2			Level 3		Total
Long-Term Investments:
Common Stocks	$	68,040,163		$	49,533,345		$	313	$	117,573,821
Convertible Preferred Securities		25,883,133			927,396			—		26,810,529
$25 Par (or similar) Retail Preferred		52,482,172			1,306,236			—		53,788,408
Corporate Bonds		—			35,813,190			—		35,813,190
Convertible Bonds		—			1,911,474			—		1,911,474
$1,000 Par (or similar) Institutional Preferred		—			21,099,862			—		21,099,862
Investment Companies		4,814,235			—			—		4,814,235

Short-Term Investments:
Repurchase Agreements		—			4,920,547			—		4,920,547

Investments in Derivatives:
Futures Contracts*		(10,322	)		—			—		(10,322	)
Interest Rate Swaps*		—			(2,773,711	)		—		(2,773,711	)
Total	$	151,209,381		$	112,738,339		$	313	$	263,948,033

*Represents

net unrealized appreciation (depreciation).


NUVEEN			9


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)

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


	Level 1					Level 2					Level 3
	Transfers In		(Transfers Out)			Transfers In		(Transfers Out)			Transfers In		(Transfers Out)
Common Stocks	$	678,723	$	(2,037,171	)	$	2,037,171	$	(678,723	)	$	—	$	—
Convertible Preferred Securities		1,395,590		—			—		(1,395,590	)		—		—
$25 Par (or similar) Retail Preferred		559,964		—			—		(559,964	)		—		—

Income Tax Information

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

As of September 30, 2016, the cost of investments (excluding investments in derivatives) was $253,986,972.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of September 30, 2016, were as follows:


Gross unrealized:
Appreciation	$	18,044,909
Depreciation		(5,299,815	)
Net unrealized appreciation (depreciation) of investments	$	12,745,094

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.

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

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

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

(5)	Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives.

(6)

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.

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

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

(9)	Investment, or portion of investment, is hypothecated. The total value of investments hypothecated as of the end of the reporting period was $21,649,195.

(10)	Borrowings as a percentage of Total Investments is 27.4%.

(11)

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 $158,176,806 have been pledged as collateral for borrowings.

(12)	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.

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

(WI/DD)

Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.

ADR	American Depository Receipt


	10			NUVEEN

REIT	Real Estate Investment Trust

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.

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

USD-LIBOR-ICE

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


NUVEEN			11

Item 2. Controls and Procedures.

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

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

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant)		Nuveen Real Asset Income and Growth Fund

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

Date: November 29, 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: November 29, 2016

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

Date: November 29, 2016