Diversified Real Asset Income Fund

N-Q 1 d266624dnq.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)

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: May 31

Date of reporting period: August 31, 2017

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, 2017 (Unaudited)


Shares		Description (1)	Value

		LONG-TERM INVESTMENTS – 138.0% (99.1% of Total Investments)

		COMMON STOCKS – 56.8% (40.8% of Total Investments)

		Air Freight & Logistics – 0.6% (0.5% of Total Investments)

	40,720	BPost SA, (2)	$	1,137,216
	25,144	Oesterreichische Post AG, (2)		1,126,598
		Total Air Freight & Logistics		2,263,814

		Commercial Services & Supplies – 0.4% (0.3% of Total Investments)

	93,757	Covanta Holding Corporation		1,345,413

		Diversified Telecommunication Services – 1.1% (0.8% of Total Investments)

	1,000,376	HKBN Limited, (2)		959,722
	1,196,471	HKT Trust and HKT Limited		1,547,237
	2,397,855	Netlink NBN Trust		1,458,926
		Total Diversified Telecommunication Services		3,965,885

		Electric Utilities – 7.4% (5.3% of Total Investments)

	2,434,452	AusNet Services, (2)		3,370,475
	26,738	CEZ, (2)		507,462
	308,943	Contact Energy Limited, (2)		1,240,428
	205,116	Endesa S.A, (2)		4,956,018
	157,054	Enersis Chile SA		920,336
	657,761	Infratil Limited, (2)		1,489,667
	40,204	Power Assets Holdings Limited, (2)		354,684
	229,692	Scottish and Southern Energy PLC, (2)		4,233,363
	41,630	Southern Company		2,009,064
	3,316,816	Spark Infrastructure Group, (2)		7,126,292
		Total Electric Utilities		26,207,789

		Equity Real Estate Investment Trusts – 26.0% (18.6% of Total Investments)

	151,290	AEW UK REIT PLC		200,279
	249,223	American Hotel Income Properties REIT LP		1,798,198
	8,626	Apple Hospitality REIT, Inc.		156,821
	157,227	Armada Hoffler Properties Inc.		2,102,125
	283,421	Ascendas Real Estate Investment Trust, (2)		556,411
	265,372	Asia Pacific Data Centre Group		396,600
	91,466	Automotive Properties Real Estate Investment Trust		798,382
	77,619	Brixmor Property Group Inc.		1,453,028
	313,074	Centuria Metropolitan REIT		602,285
	98,036	Charter Hall Retail REIT, (2)		306,695
	36,706	Choice Properties Real Estate Investment Trust		385,064
	144,136	City Office REIT, Inc.		1,843,499
	6,278	Cofinimmo, SANV, (2)		810,058
	66,955	Community Healthcare Trust Inc.		1,778,325
	11,076	CT Real Estate Investment Trust		123,909
	68,381	Developers Diversified Realty Corporation		661,928
	264,123	Dream Global Real Estate Investment Trust		2,381,602
	53,438	Easterly Government Properties, Inc.		1,071,966
	889,171	Empiric Student Property PLC		1,293,511
	3,665	Entertainment Properties Trust		255,304
	28,133	Eurocommercial Properties NV		1,205,674
	9,185	Fonciere Des Regions, Reg S, (2)		908,602
	1,962,682	Fortune REIT, (2)		2,346,136
	82,737	Franklin Street Properties Corporation		824,888
	1,419,498	Frasers Centrepoint Trust, (2)		2,210,428
	4,235,621	Frasers Logistics & Industrial Trust, (2)		3,360,411
	37,303	Gaming and Leisure Properties Inc.		1,461,905
	109,193	Government Properties Income Trust		2,025,530


NUVEEN			1


DRA	Diversified Real Asset Income Fund
	Portfolio of Investments (continued)	August 31, 2017 (Unaudited)


Shares		Description (1)	Value

		Equity Real Estate Investment Trusts (continued)

	53,006	Gramercy Property Trust	$	1,614,563
	108,927	Growthpoint Properties Australia Limited, (2)		277,041
	95,313	H&R Real Estate Investment Trust		1,630,339
	22,839	Hersha Hospitality Trust		423,435
	16,686	Hospitality Properties Trust		456,529
	18,367	ICADE, (2)		1,632,918
	1,118,235	IGB Real Estate Investment Trust		450,384
	144,833	Immobiliare Grande Distribuzione SIIQ SpA		144,313
	33,071	Independence Realty Trust		340,301
	1,020,274	Keppel DC REIT, (2)		967,826
	166,487	Killam Apartment Real Estate I		1,735,864
	36,842	LaSalle Hotel Properties		1,045,576
	39,453	Lexington Corporate Properties Trust		389,007
	9,039	Macquarie Mexico Real Estate Management SA de CV		12,113
	1,476,175	Mapletree Commercial Trust		1,671,100
	1,638,222	Mapletree Greater China Commercial Trust, (2)		1,360,347
	680,720	Mapletree Logistics Trust, (2)		617,717
	198,667	MedEquities Realty Trust, Inc.		2,278,710
	284,077	Medical Properties Trust Inc.		3,738,453
	34,889	Mercialys		702,749
	67,121	MGM Growth Properties LLC		2,053,903
	596,791	Nexus Real Estate Investment Trust		965,380
	40,432	NorthWest Healthcare Properties REIT		356,158
	31,060	NSI NV		1,198,003
	46,092	Omega Healthcare Investors Inc.		1,468,952
	93,357	Park Hotels & Resorts, Inc.		2,491,698
	986,108	Parkway Life Real Estate Investment Trust		1,956,289
	56,875	Physicians Realty Trust		1,065,269
	245	Piedmont Office Realty Trust		4,961
	336,840	Plaza Retail REIT		1,208,443
	93,786	Prologis Property Mexico SA de CV		191,252
	737,916	Propertylink Group, (2)		507,641
	354,495	Pure Industrial Real Estate Trust		1,879,285
	15,895	Ramco-Gershenson Properties Trust		209,019
	2,454	RioCan Real Estate Investment Trust		46,771
	41,603	Sabra Health Care Real Estate Investment Trust Inc.		909,040
	229,679	STAG Industrial Inc.		6,428,716
	188,822	Summit Industrial Income REIT		1,117,433
	1,906,140	TF Administradora Industrial S de RL de CV		3,248,463
	342,258	VEREIT, Inc.		2,888,658
	407,516	Vicinity Centres, (2)		849,827
	342,809	Viva Energy REIT, (2)		592,112
	45,006	Wereldhave NV, (2)		2,203,872
	208,827	WPT Industrial Real Estate Investment Trust		2,766,958
		Total Equity Real Estate Investment Trusts		91,416,952

		Gas Utilities – 0.4% (0.3% of Total Investments)

	7,411	AmeriGas Partners, LP		321,563
	154,875	APA Group, (2)		1,092,017
	4,233	Gas Natural SDG S.A, (2)		102,992
		Total Gas Utilities		1,516,572

		Health Care Providers & Services – 0.2% (0.2% of Total Investments)

	58,379	Sienna Senior Living Inc., Subscription		837,292

		Household Durables – 0.4% (0.2% of Total Investments)

	26,874	Kaufman and Broad SA, (2)		1,226,731

		Independent Power & Renewable Electricity Producers – 3.1% (2.2% of Total Investments)

	140,797	Brookfield Renewable Energy Partners LP		4,878,708
	332,137	Meridian Energy Limited, (2)		703,823
	7,099	NRG Yield, Inc., Class C Shares		131,332
	14,393	Pattern Energy Group Inc.		361,552


	2			NUVEEN


Shares		Description (1)	Value

		Independent Power & Renewable Electricity Producers (continued)

	142,128	Renewables Infrastructure Group Limited	$	199,591
	214,939	Saeta Yield S.A		2,595,845
	171,929	TransAlta Renewables Inc.		1,955,069
		Total Independent Power & Renewable Electricity Producers		10,825,920

		Media – 0.1% (0.1% of Total Investments)

	13,956	Eutelsat Communications, (2)		405,789

		Mortgage Real Estate Investment Trusts – 3.2% (2.3% of Total Investments)

	84,889	Apollo Commercial Real Estate Finance, Inc.		1,535,642
	17,942	Ares Commercial Real Estate Corporation		236,655
	62,193	Granite Point Mortgage Trust Inc.		1,190,374
	133,929	KKR Real Estate Finance Trust, Inc.		2,781,705
	137,260	Starwood Property Trust Inc.		3,048,545
	119,058	TPG Re Finance Trust Inc.		2,408,543
		Total Mortgage Real Estate Investment Trusts		11,201,464

		Multi-Utilities – 4.4% (3.2% of Total Investments)

	849,618	Centrica PLC, (2)		2,195,978
	110,316	Engie, (2)		1,842,063
	9,014,822	Keppel Infrastructure Trust		3,723,073
	51,052	National Grid PLC		3,258,649
	456,464	Redes Energeticas Nacionais SA, (2)		1,501,259
	1,263,160	Vector Limited, (2)		2,972,035
		Total Multi-Utilities		15,493,057

		Oil, Gas & Consumable Fuels – 4.5% (3.2% of Total Investments)

	3,011	Cheniere Energy Partners LP Holdings LLC		83,344
	2,847	DCP Midstream LP		91,417
	71,225	Enagas, (2)		2,101,025
	7,867	Enbridge Energy Partners LP		119,814
	43,973	Enbridge Income Fund Holdings Inc.		1,090,566
	90,229	Enterprise Products Partnership LP		2,352,270
	20,365	Hess Midstream Partners LP		428,887
	112,050	Inter Pipeline Limited		2,052,119
	7,352	ONEOK, Inc.		398,184
	6,116	Pembina Pipeline Corporation		197,132
	7,445	Plains All American Pipeline LP		161,259
	56,322	Plains GP Holdings LP, Class A Shares		1,266,119
	390,532	Snam Rete Gas S.p.A, (2)		1,902,750
	25,689	Targa Resources Corporation		1,144,959
	154,317	Veresen Inc.		2,173,724
	4,406	Williams Partners LP		173,596
		Total Oil, Gas & Consumable Fuels		15,737,165

		Real Estate Management & Development – 0.7% (0.5% of Total Investments)

	122,266	Atrium European Real Estate Ltd		577,403
	54,653	Brookfield Property Partners		1,278,334
	229,853	Citycon Oyj, (2)		627,967
	4,103	Landmark Infrastructure Partners LP		67,905
		Total Real Estate Management & Development		2,551,609

		Road & Rail – 0.4% (0.3% of Total Investments)

	339,473	Aurizon Holdings Limited, (2)		1,337,244
	27,112	ComfortDelGro Corporation, (2)		45,841
	83,234	Stagocoach Group PLC, (2)		180,168
		Total Road & Rail		1,563,253

		Transportation Infrastructure – 3.9% (2.8% of Total Investments)

	203,793	Abertis Infraestructuras S.A, (2)		4,124,612
	179,493	Enav S.p.A, (2)		795,171


NUVEEN			3


DRA	Diversified Real Asset Income Fund
	Portfolio of Investments (continued)	August 31, 2017 (Unaudited)


Shares		Description (1)					Value

		Transportation Infrastructure (continued)

	5,542,648	Hopewell Highway Infrastructure Limited, (2)					$	3,402,189
	5,008,743	Hutchison Port Holdings Trust, (2)						2,281,888
	72,225	Jiangsu Expressway Company Limited, (2)						110,871
	4,329	Macquarie Infrastructure Corporation						322,424
	73,724	Sydney Airport, (2)						434,249
	205,058	Transurban Group, (2)						1,987,805
	90,722	Zhejiang Expressway Company Limited, (2)						113,556
		Total Transportation Infrastructure						13,572,765
		Total Common Stocks (cost $184,258,882)						200,131,470

Shares		Description (1)	Coupon		Ratings (3)		Value

		CONVERTIBLE PREFERRED SECURITIES – 7.5% (5.4% of Total Investments)

		Electric Utilities – 1.6% (1.1% of Total Investments)

	28,978	NextEra Energy Inc.		6.371%		BBB	$	1,960,362
	64,876	NextEra Energy Inc.		6.123%		BBB		3,607,106
		Total Electric Utilities						5,567,468

		Equity Real Estate Investment Trusts – 3.1% (2.2% of Total Investments)

	26,854	Alexandria Real Estate Equities Inc.		7.000%		Baa3		987,959
	37,960	American Homes 4 Rent		5.000%		N/R		1,090,211
	3,088	Crown Castle International Corporation		6.875%		N/R		3,426,136
	20,911	EPR Properties Inc.		9.000%		BB		745,686
	24,168	Equity Commonwealth		6.500%		Ba1		633,927
	1,297	FelCor Lodging Trust Inc., Series A		1.950%		Caa1		36,316
	7,489	Lexington Corporate Properties Trust, Series B		6.500%		N/R		378,719
	67,119	Ramco-Gershenson Properties Trust		7.250%		N/R		3,471,395
		Total Equity Real Estate Investment Trusts						10,770,349

		Multi-Utilities – 2.5% (1.8% of Total Investments)

	6,777	Black Hills Corp		7.750%		N/R		518,237
	95,567	Dominion Resources Inc.		6.750%		BBB–		4,888,252
	59,019	DTE Energy Company		5.000%		N/R		3,332,213
		Total Multi-Utilities						8,738,702

		Oil, Gas & Consumable Fuels – 0.3% (0.3% of Total Investments)

	33,155	Anadarko Petroleum Corporation		7.500%		N/R		1,226,735
		Total Convertible Preferred Securities (cost $24,659,616)						26,303,254

Shares		Description (1)	Coupon		Ratings (3)		Value

		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 29.7% (21.4% of Total Investments)

		Electric Utilities – 6.2% (4.5% of Total Investments)

	13,117	APT Pipelines Limited		6.300%		N/R	$	1,074,539
	83,993	Brookfield Infrastructure Partners LP		5.350%		BBB–		1,742,077
	108,403	Entergy Arkansas Inc.		4.875%		A		2,708,991
	35,738	Entergy Louisiana LLC		4.875%		A		889,876
	14,832	Entergy New Orleans, Inc.		5.500%		A		392,455
	13,561	Entergy Texas Inc.		5.625%		A		355,163
	85,992	Integrys Energy Group Inc., (2)		6.000%		Baa1		2,403,476
	118,198	NextEra Energy Inc.		5.250%		BBB		3,037,688
	33,024	NextEra Energy Inc.		5.000%		BBB		840,131
	59,119	Pacific Gas & Electric Corporation		6.000%		A–		1,953,883
	89,738	PPL Capital Funding, Inc.		5.900%		BBB		2,300,882
	31,858	SCE Trust VI		5.000%		Baa1		816,839
	833	Southern Company		6.250%		BBB		22,683
	131,696	Southern Company		5.250%		BBB		3,391,172
		Total Electric Utilities						21,929,855


	4			NUVEEN


Shares		Description (1)	Coupon		Ratings (3)		Value

		Equity Real Estate Investment Trusts – 16.7% (12.0% of Total Investments)

	65,313	American Homes 4 Rent		6.350%		N/R	$	1,736,673
	54,167	American Homes 4 Rent		5.875%		BB		1,393,717
	31,788	American Homes 4 Rent		5.500%		N/R		906,594
	37,402	American Homes 4 Rent		5.000%		N/R		1,082,414
	30,566	American Homes 4 Rent		6.500%		N/R		825,282
	53,274	American Homes 4 Rent		5.875%		BB		1,349,430
	63,685	Ashford Hospitality Prime, Inc.		5.500%		N/R		1,299,174
	87,707	CBL & Associates Properties Inc.		7.375%		BB		2,146,190
	5,555	CBL & Associates Properties Inc.		6.625%		BB		138,764
	41,667	Cedar Shopping Centers Inc., Series A		7.250%		N/R		1,048,342
	52,182	Cedar Shopping Centers Inc., Series A		6.500%		N/R		1,291,505
	125,771	City Office REIT, Inc.		6.625%		N/R		3,322,870
	29,070	Colony Northstar, Inc.		7.500%		N/R		750,006
	79,812	Colony Northstar, Inc.		7.125%		N/R		2,037,600
	73,037	DDR Corporation		6.375%		BB		1,931,098
	53,994	Digital Realty Trust Inc.		5.250%		Baa3		1,336,891
	2,928	EPR Properties Inc.		5.750%		BB		81,984
	57,473	Farmland Partners, Inc.		6.000%		N/R		1,548,897
	44,678	GGP, Inc.		6.375%		N/R		1,130,353
	20,153	Gladstone Commercial Corporation		7.000%		N/R		522,970
	54,770	Gramercy Property Trust		7.125%		BB+		1,456,882
	52,902	Hersha Hospitality Trust		6.875%		N/R		1,346,356
	76,784	Hersha Hospitality Trust		6.500%		N/R		1,996,384
	126,958	Hersha Hospitality Trust		6.500%		N/R		3,264,090
	67,125	Investors Real Estate Trust		7.950%		N/R		1,709,003
	2,307	LaSalle Hotel Properties		6.375%		N/R		58,482
	65,545	LaSalle Hotel Properties		6.300%		N/R		1,662,877
	4,223	Mid-America Apartment Communities Inc.		8.500%		BBB–		274,922
	102,300	Monmouth Real Estate Investment Corp		6.125%		N/R		2,582,052
	12,486	National Retail Properties Inc.		5.200%		Baa2		309,278
	86,676	Pebblebrook Hotel Trust		6.500%		N/R		2,202,437
	64,183	Pebblebrook Hotel Trust		6.375%		N/R		1,645,010
	2,269	Retail Properties of America		7.000%		BB		57,973
	319	Rexford Industrial Realty Inc.		5.875%		BB		8,068
	14,798	Senior Housing Properties Trust		6.250%		BBB–		399,398
	33,411	STAG Industrial Inc.		6.875%		BB+		898,422
	25,914	Summit Hotel Properties Inc.		7.875%		N/R		658,993
	39,307	Summit Hotel Properties Inc.		7.125%		N/R		998,398
	32,663	Summit Hotel Properties Inc.		6.450%		N/R		833,886
	23,504	Sunstone Hotel Investors Inc.		6.950%		N/R		631,317
	82,376	Sunstone Hotel Investors Inc.		6.450%		N/R		2,142,600
	19,338	Taubman Centers Incorporated, Series K		6.250%		N/R		488,478
	60,145	UMH Properties Inc.		8.000%		N/R		1,662,408
	87,472	UMH Properties Inc.		6.750%		N/R		2,274,272
	5,054	Urstadt Biddle Properties		7.125%		N/R		128,877
	83,495	Urstadt Biddle Properties		6.750%		N/R		2,179,220
	30,641	Ventas Realty LP		5.450%		BBB+		777,056
	9,464	Washington Prime Group, Inc.		6.875%		Ba1		240,859
		Total Equity Real Estate Investment Trusts						58,768,752

		Independent Power & Renewable Electricity Producers – 0.2% (0.2% of Total Investments)

	40,965	Brookfield Renewable Partners, Preferred Equity		5.750%		BBB–		852,925

		Multi-Utilities – 3.3% (2.4% of Total Investments)

	204,047	Dominion Resources Inc.		5.250%		BBB–		5,256,250
	96,227	DTE Energy Company		6.000%		Baa2		2,617,374
	116,017	DTE Energy Company		5.375%		Baa2		3,001,360
	31,217	DTE Energy Company		5.250%		Baa2		784,171
		Total Multi-Utilities						11,659,155

		Oil, Gas & Consumable Fuels – 2.7% (1.9% of Total Investments)

	77,947	Kinder Morgan Inc., Delaware		9.750%		N/R		3,287,025
	43,985	NGL Energy Partner LP		9.000%		N/R		1,067,956


NUVEEN			5


DRA	Diversified Real Asset Income Fund
	Portfolio of Investments (continued)	August 31, 2017 (Unaudited)


Shares			Description (1)	Coupon				Ratings (3)		Value

			Oil, Gas & Consumable Fuels (continued)

	132,641		Nustar Energy LP		8.500%				Ba3	$	3,481,826
	31,810		Nustar Energy LP		7.625%				Ba3		802,248
	40,964		Pembina Pipeline Corporation		5.750%				BB+		859,465
			Total Oil, Gas & Consumable Fuels								9,498,520

			Real Estate Management & Development – 0.6% (0.4% of Total Investments)

	77,997		Landmark Infrastructure Partners LP		8.000%				N/R		1,953,825
			Total $25 Par (or similar) Retail Preferred (cost $101,158,544)								104,663,032

Principal Amount (000)			Description (1)	Coupon		Maturity		Ratings (3)		Value

			CONVERTIBLE BONDS – 2.0% (1.4% of Total Investments)

			Electric Utilities – 0.5% (0.3% of Total Investments)

$	1,925		DCP Midstream Operating LP, 144A		5.850%		5/21/43		BB–	$	1,785,438

			Multi-Utilities – 0.5% (0.4% of Total Investments)

	1,670		Dominion Resources Inc.		5.750%		10/01/54		BBB–		1,799,425

			Oil, Gas & Consumable Fuels – 0.7% (0.5% of Total Investments)

	3,380		Cheniere Energy Inc.		4.250%		3/15/45		N/R		2,321,637

			Real Estate Management & Development – 0.3% (0.2% of Total Investments)

	950		Tricon Capital Group Inc., 144A		5.750%		3/31/22		N/R		1,035,500
$	7,925		Total Convertible Bonds (cost $6,833,419)								6,942,000

Principal Amount (000) (4)			Description (1)	Coupon		Maturity		Ratings (3)		Value

			CORPORATE BONDS – 22.0% (15.8% of Total Investments)

			Commercial Services & Supplies – 2.2% (1.6% of Total Investments)

$	2,030		Advanced Disposal Services, Inc., 144A		5.625%		11/15/24		B–	$	2,111,200
	2,120		Covanta Holding Corporation		5.875%		3/01/24		B1		2,120,000
	465		Covanta Holding Corporation		5.875%		7/01/25		B1		461,513
	1,730		GFL Environmental Corporation, 144A		5.625%		5/01/22		B–		1,790,550
	90,000	INR	National Highways Authority of India, Reg S		7.300%		5/18/22		N/R		1,425,414
			Total Commercial Services & Supplies								7,908,677

			Construction & Engineering – 0.3% (0.2% of Total Investments)

	1,175		AECOM Technology Corporation, 144A		5.125%		3/15/27		BB		1,195,563

			Diversified Financial Services – 0.6% (0.5% of Total Investments)

	1,205		Minejesa Capital BV, 144A		5.625%		8/10/37		Baa3		1,254,668
	960		Stoneway Capital Corporation, 144A		10.000%		3/01/27		B		1,007,520
			Total Diversified Financial Services								2,262,188

			Diversified Telecommunication Services – 1.0% (0.7% of Total Investments)

	1,590		CyrusOne LP Finance, 144A		5.375%		3/15/27		BB+		1,681,425
	1,855		SBA Communications Corporation		4.875%		9/01/24		B+		1,915,287
			Total Diversified Telecommunication Services								3,596,712

			Electric Utilities – 4.9% (3.5% of Total Investments)

	4,555		ACWA Power Management And Investment One Ltd, 144A		5.950%		12/15/39		BBB–		4,650,290
	975		Comision Federal de Electricidad of the United States of Mexico, 144A		5.750%		2/14/42		BBB+		1,018,875
	945		Comision Federal de Electricidad of the United States of Mexico, 144A		6.125%		6/16/45		BBB+		1,034,775
	3,666		Crocket Cogeneration LP, 144A		5.869%		3/30/25		BBB–		3,682,288


	6			NUVEEN


Principal Amount (000) (4)			Description (1)	Coupon		Maturity		Ratings (3)		Value

			Electric Utilities (continued)

$	715		Energuate Trust, 144A		5.875%		5/03/27		Ba2	$	738,238
	1,620		Exelon Corporation		6.250%		10/01/39		BBB		1,826,790
	435		FPL Energy National Wind LLC, 144A		5.608%		3/10/24		Baa3		435,909
	995	GBP	Intergen NV, 144A		7.500%		6/30/21		B1		1,248,076
	2,329		Panoche Energy Center LLC, 144A		6.885%		7/31/29		Baa3		2,441,048
	105		Red Oak Power LLC		9.200%		11/30/29		BB–		116,025
			Total Electric Utilities								17,192,314

			Equity Real Estate Investment Trusts – 2.1% (1.5% of Total Investments)

	1,760		Care Capital Properties, Inc.		5.125%		8/15/26		BBB–		1,806,503
	815		CBL & Associates LP		5.950%		12/15/26		BBB–		825,158
	1,085		Crown Castle International Corporation		4.750%		5/15/47		BBB–		1,137,740
	750		CTR Partnership LP/CareTrust Capital Corporation		5.250%		6/01/25		BB–		774,375
	1,805		Geo Group Inc.		6.000%		4/15/26		B+		1,859,150
	775		Trust F/1401, 144A		6.950%		1/30/44		Baa2		838,938
			Total Equity Real Estate Investment Trusts								7,241,864

			Gas Utilities – 1.2% (0.9% of Total Investments)

	140		AmeriGas Partners LP/AmeriGas Finance Corporation		5.875%		8/20/26		BB		142,800
	390		Ferrellgas LP		6.750%		1/15/22		B		371,475
	10,960	MXN	Gas Natural Mexico SA		7.670%		7/03/25		N/R		590,768
	11,310	MXN	Infraestructura Energetica Nova SAB de CV		6.300%		2/02/23		Baa1		591,586
	1,070		National Gas Company of Trinidad and Tobago, 144A		6.050%		1/15/36		BBB		1,112,800
	780		Suburban Propane Partners LP		5.750%		3/01/25		BB–		768,300
	680		Suburban Propane Partners LP		5.875%		3/01/27		BB–		669,800
			Total Gas Utilities								4,247,529

			Health Care Equipment & Supplies – 0.4% (0.3% of Total Investments)

	680		Tenet Healthcare Corporation		8.125%		4/01/22		B–		714,000
	645		THC Escrow Corp III, 144A		5.125%		5/01/25		Ba3		648,999
			Total Health Care Equipment & Supplies								1,362,999

			Health Care Providers & Services – 0.4% (0.3% of Total Investments)

	795		HCA Inc.		5.500%		6/15/47		BBB–		821,831
	585		Kindred Healthcare Inc.		6.375%		4/15/22		B–		532,350
			Total Health Care Providers & Services								1,354,181

			Hotels, Restaurants & Leisure – 0.3% (0.2% of Total Investments)

	885		Grupo Posadas SAB de CV, 144A		7.875%		6/30/22		B+		934,560

			Independent Power & Renewable Electricity Producers – 1.2% (0.9% of Total Investments)

	1,900		Azure Power Energy Ltd, 144A		5.500%		11/03/22		Ba3		1,913,300
	820		Capex SA, 144A		6.875%		5/15/24		B+		836,400
	1,130		Dynegy Inc., 144A		8.000%		1/15/25		B+		1,165,312
	470		GenOn Energy Inc., (5)		9.500%		10/15/18		N/R		324,300
			Total Independent Power & Renewable Electricity Producers								4,239,312

			IT Services – 0.7% (0.5% of Total Investments)

	2,185		Zayo Group LLC / Zayo Capital Inc., 144A		5.750%		1/15/27		B		2,318,788

			Oil, Gas & Consumable Fuels – 2.7% (1.9% of Total Investments)

	275		Calumet Specialty Products		6.500%		4/15/21		CCC+		264,000
	1,420		Calumet Specialty Products		7.625%		1/15/22		CCC+		1,363,200
	330		Cheniere Corpus Christi Holdings, LLC		5.875%		3/31/25		BB–		354,750
	400		Energy Transfer Equity LP		5.500%		6/01/27		BB+		426,000
	1,535		Genesis Energy LP		5.625%		6/15/24		BB–		1,442,900
	1,015	CAD	Gibson Energy, 144A		5.250%		7/15/24		BB		809,074
	450		Global Partners LP/GLP Finance		6.250%		7/15/22		B+		453,375
	335		Global Partners LP/GLP Finance		7.000%		6/15/23		B+		335,838
	865		Martin Mid–Stream Partners LP Finance		7.250%		2/15/21		B–		882,300


NUVEEN			7


DRA	Diversified Real Asset Income Fund
	Portfolio of Investments (continued)	August 31, 2017 (Unaudited)


Principal Amount (000) (4)			Description (1)	Coupon		Maturity		Ratings (3)		Value

			Oil, Gas & Consumable Fuels (continued)

$	665		NGL Energy Partners LP/Fin Co		7.500%		11/01/23		B+	$	640,063
	2,275		PBF Holding Company LLC, 144A		7.250%		6/15/25		BB		2,252,250
	7,210	MXN	Petroleos Mexicanos, 144A		7.190%		9/12/24		A		367,399
			Total Oil, Gas & Consumable Fuels								9,591,149

			Real Estate Management & Development – 1.3% (0.9% of Total Investments)

	1,090		Brooklyn Navy Yard Cogeneration Partners LP, 144A		7.420%		10/01/20		B2		986,305
	1,725		Hunt Companies Inc., 144A		9.625%		3/01/21		N/R		1,811,250
	1,550		Kennedy–Wilson Holdings Incorporated		5.875%		4/01/24		BB–		1,592,624
			Total Real Estate Management & Development								4,390,179

			Road & Rail – 0.1% (0.1% of Total Investments)

	455		Watco Companies LLC Finance, 144A		6.375%		4/01/23		B–		473,200

			Software – 0.3% (0.2% of Total Investments)

	1,025		SixSigma Networks Mexico SA de CV, 144A		8.250%		11/07/21		B+		1,041,656

			Sovereign – 0.2% (0.1% of Total Investments)

	600		Instituto Costarricense de Electricidad, 144A		6.950%		11/10/21		Ba2		642,000

			Transportation Infrastructure – 1.4% (1.0% of Total Investments)

	950		Aeropuertos Argentina 2000 SA, 144A		6.875%		2/01/27		B+		1,002,021
	295		Aeropuertos Dominicanos SA, 144A		6.750%		3/30/29		BB–		319,338
	665		Delhi International Airport Ltd, 144A		6.125%		10/31/26		BB		716,538
	2,715	MXN	Grupo Aeroportuario Del Centro Norte, SAB de CV		6.850%		6/07/21		N/R		147,570
	1,045		Rumo Luxembourg Sarl, 144A		7.375%		2/09/24		BB–		1,118,673
	1,598		Terminales Portuarios, 144A		8.125%		4/01/37		BB		1,713,540
			Total Transportation Infrastructure								5,017,680

			Wireless Telecommunication Services – 0.7% (0.5% of Total Investments)

	2,370		Inmarsat Finance PLC, 144A		6.500%		10/01/24		BB+		2,568,488
			Total Corporate Bonds (cost $76,201,017)								77,579,039

Principal Amount (000) (4)			Description (1)	Coupon		Maturity		Ratings (3)		Value

			1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 14.7% (10.5% of Total Investments)

			Diversified Financial Services – 0.5% (0.3% of Total Investments)

$	605		National Rural Utilities Cooperative Finance Corporation		5.250%		4/20/46		A3	$	646,267
	860		RKP Overseas Finance 2016A, Reg S		7.950%		N/A (7)		B1		896,931
			Total Diversified Financial Services								1,543,198

			Electric Utilities – 4.4% (3.2% of Total Investments)

	1,435		AES Gener SA, 144A		8.375%		12/18/73		BB		1,513,925
	900	GBP	Electricite de France S.A, Reg S		5.875%		N/A (7)		BBB		1,198,821
	7,100		Emera, Inc.		6.750%		6/15/76		BBB–		8,101,052
	2,370		Enel SpA, 144A		8.750%		9/24/73		BBB–		2,864,738
	1,680		Exelon Corporation		6.350%		3/15/33		Baa2		1,850,100
			Total Electric Utilities								15,528,636

			Energy Equipment & Services – 4.1% (2.9% of Total Investments)

	4,040		Transcanada Trust		5.875%		8/15/76		BBB		4,403,600
	4,655		Transcanada Trust		5.625%		5/20/75		BBB		4,934,300
	4,875		Transcanada Trust		5.300%		3/15/77		BBB		5,022,225
			Total Energy Equipment & Services								14,360,125

			Multi–Utilities – 0.3% (0.2% of Total Investments)

	1,080		RWE AG, Reg S		6.625%		7/30/75		BB+		1,163,700


	8			NUVEEN


Principal Amount (000) (4)		Description (1)	Coupon		Maturity		Ratings (3)		Value

		Oil, Gas & Consumable Fuels – 4.8% (3.4% of Total Investments)

$	1,350	Enbridge Energy Partners LP		8.050%		10/01/37		BB+	$	1,343,250
	5,447	Enbridge Inc.		6.000%		1/15/77		BBB–		5,762,783
	6,025	Enbridge Inc.		5.500%		7/15/77		BBB–		6,047,593
	605	Enterprise Products Operating LLP		7.034%		1/15/68		Baa2		613,773
	3,025	Enterprise Products Operating LLP		5.250%		8/16/77		Baa2		3,021,219
		Total Oil, Gas & Consumable Fuels								16,788,618

		Real Estate Management & Development – 0.6% (0.5% of Total Investments)

	2,250	AT Securities BV, Reg S		5.250%		N/A (7)		BB+		2,217,938
		Total $1,000 Par (or similar) Institutional Preferred (cost $49,402,652)								51,602,215

Principal Amount (000)		Description (1)	Interest Rate (6)		Maturity (6)				Value

		WHOLE LOANS – 3.8% (2.7% of Total Investments) (8), (9), (10)

		Commercial Loans – 2.3% (1.7% of Total Investments)

$	13,980	NCH Commercial Pool 2, NCH Corporation, (11), (12)		11.925%		8/01/14			$	3,390,150
	4,523	RealtiCorp Fund III, RIF 301, LLC/RIF 304, LLC, (11), (12)		4.400%		9/01/17				3,618,164
	1,445	RL Stowe Portfolio, Belmont Mills LLC; Terrapin East, LLC; Tennessee Mills, LLC; Terrapin West, LLC		3.925%		1/01/20				1,191,755
	19,948	Total Commercial Loans								8,200,069

		Multifamily Loans – 1.5% (1.0% of Total Investments)

	4,864	NCH Multifamily Pool 2, NCH Corporation, (11), (12)		11.925%		8/01/14				62,754
	4,392	NCH Multifamily Pool, Transwest Partners LLC, (11), (12)		11.925%		8/01/14				2,260,271
	11,935	Sapphire Skies I, Storm King, LLC and Mavik, LLC, (11)		1.925%		3/01/20				2,797,784
	21,191	Total Multifamily Loans								5,120,809
$	41,139	Total Whole Loans (cost $40,214,293)								13,320,878

Principal Amount (000)		Description (1)			Optional Call Provisions (13)		Ratings (3)		Value

		MUNICIPAL BONDS – 0.2% (0.1% of Total Investments)

		Georgia – 0.2% (0.1% of Total Investments)

$	480	Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project M Bonds, Taxable Build America Bonds Series 2010A, 6.655%, 4/01/57				No Opt. Call		A+	$	606,941
$	480	Total Municipal Bonds (cost $559,285)								606,941

Principal Amount (000)		Description (1)	Coupon		Maturity		Ratings (3)		Value

		SOVEREIGN DEBT – 0.2% (0.2% of Total Investments)

		Costa Rica – 0.2% (0.2% of Total Investments)

$	915	Instituto Costarricense de Electricidad, 144A		6.375%		5/15/43		Ba2	$	832,421
$	915	Total Sovereign Debt (cost $797,483)								832,421

Shares		Description (1), (14)							Value

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

		Diversified Other – 1.1% (0.8% of Total Investments)

	1,375,251	John Laing Infrastructure Fund							$	2,442,773
	566,544	NextEnergy Solar Fund Limited								827,836
	473,066	Starwood European Real Estate Finance Limited								670,269
		Total Diversified Other								3,940,878
		Total Investment Companies (cost $3,774,355)								3,940,878
		Total Long–Term Investments (cost $487,859,546)								485,922,128


NUVEEN			9


DRA	Diversified Real Asset Income Fund
	Portfolio of Investments (continued)	August 31, 2017 (Unaudited)

Principal
Amount (000)

Description (1)

Coupon

Maturity

Value

SHORT–TERM INVESTMENTS – 1.3% (0.9% of Total Investments)

REPURCHASE AGREEMENTS – 1.3% (0.9% of Total Investments)

4,616

Repurchase Agreement with Fixed Income Clearing Corporation, dated 8/31/17, repurchase price $4,615,694, collateralized by $3,900,000 U.S. Treasury Bonds, 3.750%, due 11/15/43, value $4,710,408

0.120%

9/01/17

4,615,679

Total Short–Term Investments (cost $4,615,679)

4,615,679

Total Investments (cost $492,475,225) – 139.3%

490,537,807

Borrowings – (43.0)% (15), (16)

(151,500,000

)

Other Assets Less Liabilities – 3.7% (17)

13,114,522

Net Assets – 100%

352,152,329

Investments in Derivatives as of August 31, 2017

Futures Contracts


Description	Contract Position		Number of Contracts			Expiration Date		Notional Amount			Value			Unrealized Appreciation (Depreciation)			Variation Margin Receivable/ (Payable)
U.S. Treasury 5-Year Note		Short		(41	)		12/17	$	(4,855,204	)	$	(4,858,500	)	$	(3,296	)	$	(2,883	)
U.S. Treasury 10-Year Note		Short		(62	)		12/17		(7,858,650	)		(7,873,031	)		(14,381	)		(10,656	)
U.S. Treasury Long Bond		Short		(26	)		12/17		(4,051,336	)		(4,058,438	)		(7,101	)		(11,375	)
U.S. Treasury Ultra Bond		Short		(18	)		12/17		(3,019,806	)		(3,043,125	)		(23,320	)		(13,500	)
Total								$	(19,784,996	)	$	(19,833,094	)	$	(48,098	)	$	(38,414	)
Total receivable for variation margin on future contracts																	$	—
Total payable for variation margin on future contracts																	$	(38,414	)

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 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:


	10			NUVEEN


	Level 1			Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	122,633,480		$	77,497,990	$	—	$	200,131,470
Convertible Preferred Securities		26,303,254			—		—		26,303,254
$25 Par (or similar) Retail Preferred		102,259,556			2,403,476		—		104,663,032
Convertible Bonds		—			6,942,000		—		6,942,000
Corporate Bonds		—			77,579,039		—		77,579,039
$1,000 Par (or similar) Institutional Preferred		—			51,602,215		—		51,602,215
Whole Loans		—			—		13,320,878		13,320,878
Municipal Bonds		—			606,941		—		606,941
Sovereign Debt		—			832,421		—		832,421
Investment Companies		3,940,878			—		—		3,940,878
Short-Term Investments:
Repurchase Agreements		—			4,615,679		—		4,615,679

Investments in Derivatives
Futures Contracts*		(48,098	)		—		—		(48,098	)
Total	$	255,089,070		$	222,079,761	$	13,320,878	$	490,489,709

*	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
Balance at the beginning of period	$	14,213,858
Gains (losses):
Net realized gains (losses)		13,498
Change in net unrealized appreciation (depreciation)		(460,896	)
Purchases at cost		—
Sales at proceeds		(576,656	)
Net discounts (premiums)		131,074
Transfers into		—
Transfers (out of)		—
Balance at the end of period	$	13,320,878

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	$	4,872,673	Discounted Cash Flow	Yield Spread		2.19% - 2.28	%
			Discounted Cash Flow	Liquidity Spread		0.50	%
			Discounted Cash Flow	Debt Service Coverage Ratio		0.00% - 1.20	%
		5,650,421	Appraisals	N/A		N/A
		2,797,784	Expected Value	N/A		N/A
Total	$	13,320,878

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)
Common Stocks	$	3,723,073	$	(7,490,411	)	$	7,490,411	$	(3,723,073	)	$	—	$	—
$25 Par (or similar) Retail Preferred		802,248		—			—		(802,248	)		—		—


NUVEEN			11


DRA	Diversified Real Asset Income Fund
	Portfolio of Investments (continued)	August 31, 2017 (Unaudited)

Income Tax Information

The following information is presented on a federal 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.

The tables below present the cost and unrealized appreciation (depreciation) of the Fund’s investment portfolio, as determined on a federal income tax basis, as of August 31, 2017.

For purposes of this disclosure, derivative tax cost is generally the sum of any upfront fees or premiums exchanged and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting. If a particular derivative category does not disclose any tax unrealized appreciation or depreciation, the change in value of those derivatives have generally been fully realized for tax purposes.

As of August 31, 2017, the cost of investments was $501,250,627.


Gross unrealized:
Appreciation	$	29,913,439
Depreciation		(40,626,259	)
Net unrealized appreciation (depreciation) of investments	$	(10,712,820	)


Tax proceeds from futures contracts			$(48,098)
Net unrealized appreciation (depreciation) on futures contracts			—


	12			NUVEEN

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

(3)

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.

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

(5)

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.

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

(7)	Perpetual security. Maturity date is not applicable.

(8)	Interest rates on whole loans 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.

(9)	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.

(10)	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 unless otherwise noted.

(11)	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.

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

(13)	Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.

(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 30.9%.

(17)	Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the unrealized appreciation (depreciation) of 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.

CAD	Canadian Dollar

GBP	Pound Sterling

INR	Indian Rupee

MXN	Mexican Peso

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


NUVEEN			13

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)		Diversified Real Asset Income Fund

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

Date: October 30, 2017

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 30, 2017

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

Date: October 30, 2017