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)

Kevin J. McCarthy—Vice President and Secretary

333 West Wacker Drive, Chicago, Illinois 60606

(Name and address of agent for service)

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

Date of fiscal year end: December 31

Date of reporting period: March 31, 2016

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

JRI


Nuveen Real Asset Income and Growth Fund
Portfolio of Investments		March 31, 2016 (Unaudited)


Shares		Description (1)	Value


		LONG-TERM INVESTMENTS – 137.5% (97.5% of Total Investments)

		COMMON STOCKS – 60.2% (42.7% of Total Investments)

		Air Freight & Logistics – 1.6%

	76,467	BPost SA	$	2,124,393
	14,837	Oesterreichische Post AG		603,230
		Total Air Freight & Logistics		2,727,623

		Commercial Services & Supplies – 0.0%

	1,199	Covanta Holding Corporation		20,215

		Diversified Telecommunication Services – 1.6%

	1,328,242	HKBN Limited		1,636,898
	389,431	Singapore Telecommunications Limited		1,103,703
		Total Diversified Telecommunication Services		2,740,601

		Electric Utilities – 8.6%

	64,710	Alupar Investimento SA		264,912
	1,099,855	AusNet Services		1,256,210
	12,289	Avangrid Inc.		492,912
	12,521	Brookfield Infrastructure Partners LP		527,510
	493,998	Contact Energy Limited		1,707,257
	26,686	Duke Energy Corporation		2,153,026
	18,413	Energias de Portugal, S.A.		65,496
	27,190	Endesa S.A, (2)		521,949
	2,734	Hafslund ASA, Class B Shares		21,807
	1,235,241	HK Electric Investments Limited, 144A		1,085,982
	713,186	Infratil Limited		1,616,890
	51,571	Power Assets Holdings Limited		527,853
	26,190	Scottish and Southern Energy PLC		561,221
	20,083	Southern Company		1,038,894
	1,445,945	Spark Infrastructure Group		2,294,366
	138,390	Transmissora Alianca de Energia Eletrica SA		775,152
		Total Electric Utilities		14,911,437

		Gas Utilities – 3.0%

	6,666	AmeriGas Partners, LP		289,771
	11,724	Enagas		352,396
	742,454	Snam Rete Gas S.p.A		4,650,835
		Total Gas Utilities		5,293,002

		Independent Power & Renewable Electricity Producers – 1.9%

	6,633	Brookfield Renewable Energy Partners LP		198,658
	35,271	NextEra Energy Partners LP		959,018
	9,073	Pattern Energy Group Inc.		173,022
	513,808	Renewables Infrastructure Group Limited		752,715
	104,222	Saeta Yield S.A, (2)		1,036,513
	13,903	TransAlta Renewables Inc.		135,417
		Total Independent Power & Renewable Electricity Producers		3,255,343

		Multi-Utilities – 6.2%

	53,750	CenterPoint Energy, Inc., (3)		1,124,450
	1,056,795	Duet Group, (4)		1,846,997
	31,640	Engie		491,083
	60,835	National Grid PLC, Sponsored ADR		4,344,835
	478,203	Redes Energeticas Nacionais SA		1,568,232
	639,568	Vector Limited		1,449,988
		Total Multi-Utilities		10,825,585


Nuveen Investments			1


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	March 31, 2016 (Unaudited)


Shares		Description (1)	Value


		Oil, Gas & Consumable Fuels – 3.1%

	49,067	Enbridge Energy Partners LP	$	898,907
	35,916	Enbridge Income Fund Holdings Inc.		818,567
	125,602	Enterprise Products Partnership LP		3,092,321
	742	TC Pipelines LP		35,779
	87,703	Veresen Inc.		592,227
		Total Oil, Gas & Consumable Fuels		5,437,801

		Real Estate Investment Trust – 24.1%

	306,654	AEW UK REIT PLC		419,511
	18,723	Agree Realty Corporation		720,274
	141,822	Armada Hoffler Properties Inc.		1,595,498
	466,880	Ascendas Real Estate Investment Trust		827,869
	47,231	Blackstone Mortgage Trust Inc., Class A		1,268,625
	42,510	CapitaMall Trust		65,917
	10,210	Care Capital Properties, Inc.		274,036
	53,475	CareTrust REIT Inc.		679,133
	92,234	City Office REIT, Inc.		1,051,468
	58,003	Colony Financial Inc., Class A		972,710
	66,348	Crombie Real Estate Investment Trust		718,270
	7,326	Digital Realty Trust Inc.		648,278
	47,177	Easterly Government Properties, Inc.		873,718
	1,964	Entertainment Properties Trust		130,842
	23,182	Equity Residential, (3)		1,739,345
	20,629	Eurocommercial Properties NV		965,475
	101,683	Fortune REIT		108,927
	1,262,272	Frasers Centrepoint Trust		1,873,016
	48,445	Gaming and Leisure Properties Inc., (WI/DD)		1,497,919
	51,899	Independence Realty Trust		369,521
	92,763	InnVest Real Estate Investment Trust		373,552
	717,591	Keppel DC REIT		564,341
	95,568	Killam Apartment Real Estate I		861,676
	21,190	Lexington Corporate Properties Trust		182,234
	109,552	Liberty Property Trust		3,665,610
	23,762	LTC Properties Inc.		1,074,993
	1,608,155	Mapletree Greater China Commercial Trust		1,139,435
	229,015	Mapletree Logistics Trust		171,610
	1,998	Monmouth Real Estate Investment Corporation		23,756
	8,673	New Senior Investment Group Inc.		89,332
	1,423	Omega Healthcare Investors Inc.		50,232
	79,799	OneREIT		209,520
	393,637	Parkway Life Real Estate Investment Trust		697,995
	204,658	Physicians Realty Trust, (3)		3,802,546
	453,261	Plaza Retail REIT		1,633,310
	403,670	Prologis Property Mexico SA de CV		641,119
	116,409	Pure Industrial Real Estate Trust		426,646
	3,163	Sabra Health Care Real Estate Investment Trust Inc.		63,545
	25,012	Smart Real Estate Investment Trust		653,442
	46,075	STAG Industrial Inc.		938,087
	50,510	Starwood Property Trust Inc.		956,154
	4,208	STORE Capital Corporation		108,903
	587,519	TF Administradora Industrial S de RL de CV		1,092,258
	152,315	Tritax Big Box REIT PLC		294,235
	11,451	Universal Health Realty Income Trust		644,119
	17,103	Urstadt Biddle Properties Inc., Class A		358,308
	5,703	Ventas Inc.		359,061
	142,158	VEREIT, Inc.		1,260,941
	8,724	Welltower Inc.		604,922
	30,839	Wereldhave NV		1,724,757
	42,141	WPT Industrial Real Estate Investment Trust		442,481
		Total Real Estate Investment Trust		41,909,472

		Road & Rail – 0.3%

	101,781	MTR Corporation		501,863


	2			Nuveen Investments


Shares		Description (1)					Value


		Transportation Infrastructure – 9.4%

	769,673	China Merchants Holdings Pacific Limited					$	468,251
	498,727	Cosco Pacific Limited						655,767
	4,019,528	Hopewell Highway Infrastructure Limited						1,984,543
	3,124,425	Hutchison Port Holdings Trust						1,562,213
	117,388	Jiangsu Expressway Company Limited						158,286
	132	Kobenhavns Lufthavne						77,404
	16,293	Macquarie Infrastructure Corporation, (3)						1,098,800
	639,056	Sydney Airport						3,277,220
	814,669	Transurban Group						7,087,901
		Total Transportation Infrastructure						16,370,385

		Water Utilities – 0.4%

	401,457	Inversiones Aguas Metropolitanas SA						623,310
		Total Common Stocks (cost $96,013,048)						104,616,637

Shares		Description (1)	Coupon		Ratings (5)		Value

		CONVERTIBLE PREFERRED SECURITIES – 8.7% (6.2% of Total Investments)

		Electric Utilities – 2.7%

	27,526	Exelon Corporation		6.500%		BB+	$	1,355,105
	50,847	NextEra Energy Inc.		6.371%		BBB		3,104,209
	4,478	NextEra Energy Inc.		5.799%		BBB		272,710
		Total Electric Utilities						4,732,024

		Gas Utilities – 0.2%

	6,181	Laclede Group, Inc., (4)		6.750%		N/R		371,725

		Multi-Utilities – 1.1%

	5,057	Black Hills Corp		7.750%		N/R		342,561
	28,679	Dominion Resources Inc.		6.375%		Baa3		1,442,554
		Total Multi-Utilities						1,785,115

		Oil, Gas & Consumable Fuels – 0.3%

	10,466	Anadarko Petroleum Corporation		7.500%		N/R		356,681
	4,768	Kinder Morgan Inc. Delaware		9.750%		N/R		215,037
		Total Oil, Gas & Consumable Fuels						571,718

		Real Estate Investment Trust – 4.4%

	42,815	Alexandria Real Estate Equities Inc., (4)		7.000%		Baa3		1,252,339
	27,984	American Tower Corporation		5.500%		N/R		2,886,550
	48,041	EPR Properties Inc.		9.000%		BB		1,681,435
	13,542	EPR Properties Inc.		5.750%		BB		351,550
	9,511	Equity Commonwealth		6.500%		Ba1		237,490
	706	FelCor Lodging Trust Inc., Series A.		1.950%		CCC		17,798
	3,772	Lexington Corporate Properties Trust, Series B		6.500%		N/R		180,528
	16,692	Ramco-Gershenson Properties Trust		7.250%		N/R		1,088,319
		Total Real Estate Investment Trust						7,696,009
		Total Convertible Preferred Securities (cost $13,979,881)						15,156,591

Shares		Description (1)	Coupon		Ratings (5)		Value

		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 34.2% (24.2% of Total Investments)

		Banks – 0.2%

	10,845	Wells Fargo REIT		6.375%		BBB+	$	292,056


Nuveen Investments			3


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	March 31, 2016 (Unaudited)


Shares		Description (1)	Coupon		Ratings (5)		Value


		Electric Utilities – 8.2%

	7,138	APT Pipelines Limited, (4)		6.840%		N/R	$	558,162
	76,960	Entergy Arkansas Inc., (4)		6.450%		Baa3		1,928,810
	39,158	Entergy New Orleans, Inc.		5.500%		A–		996,180
	35,709	Entergy Texas Inc.		5.625%		A–		955,930
	47,684	Integrys Energy Group Inc., (4)		6.000%		Baa1		1,256,178
	15,559	NextEra Energy Inc.		5.700%		BBB		403,600
	26,357	NextEra Energy Inc.		5.625%		BBB		674,739
	41,301	NextEra Energy Inc.		5.000%		BBB		1,050,284
	41,809	Pacific Gas & Electric Corporation		6.000%		BBB+		1,254,270
	111,661	PPL Capital Funding, Inc.		5.900%		BBB		2,962,366
	45,636	SCE Trust I		5.625%		Baa1		1,164,174
	39,248	SCE Trust V		5.450%		Baa1		1,045,959
		Total Electric Utilities						14,250,652

		Multi-Utilities – 0.2%

	15,403	DTE Energy Company		5.250%		Baa1		396,319

		Oil, Gas & Consumable Fuels – 0.2%

	16,547	Nustar Logistics Limited Partnership		7.625%		Ba2		373,962

		Real Estate Investment Trust – 25.4%

	3,399	American Homes 4 Rent		5.500%		N/R		89,224
	22,750	American Homes 4 Rent		5.000%		N/R		602,648
	27,909	American Homes 4 Rent		5.000%		N/R		771,684
	13,385	Apartment Investment & Management Company		6.875%		BB		365,812
	16,867	Apollo Commercial Real Estate Finance		8.625%		N/R		425,217
	30,221	Arbor Realty Trust Incorporated		7.375%		N/R		753,107
	25,392	CBL & Associates Properties Inc.		7.375%		BB		628,452
	88,953	CBL & Associates Properties Inc.		6.625%		BB		2,133,983
	111,655	Cedar Shopping Centers Inc., Series A		7.250%		N/R		2,828,221
	33,395	Chesapeake Lodging Trust		7.750%		N/R		877,287
	57,037	Colony Financial Inc.		7.125%		N/R		1,259,377
	20,760	Colony Financial Inc.		8.500%		N/R		520,868
	18,533	Colony Financial Inc.		7.500%		N/R		450,352
	27,481	Coresite Realty Corporation		7.250%		N/R		714,506
	31,165	Corporate Office Properties Trust		7.375%		BB		810,290
	18,301	DDR Corporation		6.500%		Baa3		474,911
	81,243	Digital Realty Trust Inc.		6.350%		Baa3		2,096,069
	12,511	EPR Properties Inc.		6.625%		Baa3		327,788
	15,509	Equity Commonwealth		7.250%		Ba1		394,239
	450	Equity Lifestyle Properties Inc.		6.750%		N/R		11,619
	50,762	General Growth Properties		6.375%		N/R		1,314,736
	54,271	Gramercy Property Trust		7.125%		N/R		1,411,046
	36,339	Hersha Hospitality Trust		8.000%		N/R		914,289
	48,703	Hersha Hospitality Trust		6.875%		N/R		1,326,183
	489	Inland Real Estate Corporation, (4)		8.125%		N/R		12,328
	75,611	Inland Real Estate Corporation, (4)		6.950%		N/R		1,898,592
	47,668	Investors Real Estate Trust		7.950%		N/R		1,247,948
	295	LaSalle Hotel Properties		7.500%		N/R		7,475
	3,072	LaSalle Hotel Properties		6.375%		N/R		78,336
	7,954	Monmouth Real Estate Investment Corp		7.875%		N/R		208,872
	3,154	Northstar Realty Finance Corporation		8.875%		N/R		75,538
	22,480	Northstar Realty Finance Corporation		8.750%		N/R		507,823
	11,583	Pebblebrook Hotel Trust		8.000%		N/R		298,610
	87,648	Pebblebrook Hotel Trust		6.500%		N/R		2,233,272
	13,444	Post Properties, Inc., Series A		8.500%		Baa3		833,662
	14,612	Rait Financial Trust		7.125%		N/R		333,154
	23,793	Saul Centers, Inc.		6.875%		N/R		631,704
	2,733	STAG Industrial Inc.		9.000%		BB+		71,058
	37,828	STAG Industrial Inc.		6.875%		BB+		1,000,172
	10,173	Summit Hotel Properties Inc.		9.250%		N/R		268,567
	52,476	Summit Hotel Properties Inc.		7.875%		N/R		1,364,376
	79,214	Summit Hotel Properties Inc.		7.125%		N/R		2,052,435


	4			Nuveen Investments


Shares			Description (1)	Coupon				Ratings (5)		Value


			Real Estate Investment Trust (continued)

	610		Sun Communities Inc.		7.125%				N/R	$	15,921
	54,841		Sunstone Hotel Investors Inc.		6.950%				N/R		1,439,576
	43,563		Taubman Centers Incorporated, Series K		6.250%				N/R		1,105,193
	53,809		Taubman Centers Incorporated., Series J		6.500%				N/R		1,372,668
	8,099		Terreno Realty Corporation		7.750%				BB		210,169
	32,911		UMH Properties Inc.		8.000%				N/R		862,268
	35,399		Urstadt Biddle Properties		7.125%				N/R		934,534
	69,626		Urstadt Biddle Properties		6.750%				N/R		1,831,164
	3,840		VEREIT, Inc.		6.700%				N/R		97,267
	24,535		WP GLIMCHER, Inc.		7.500%				Ba1		637,910
	38,897		WP GLIMCHER, Inc.		6.875%				Ba1		986,039
			Total Real Estate Investment Trust								44,118,539
			Total $25 Par (or similar) Retail Preferred (cost $57,673,554)								59,431,528

Principal Amount (000) (6)			Description (1)	Coupon		Maturity		Ratings (5)		Value

			CORPORATE BONDS – 20.6% (14.6% of Total Investments)

			Commercial Services & Supplies – 2.3%

$	980		ADS Waste Holdings Inc.		8.250%		10/01/20		CCC+	$	999,501
	840		Casella Waste Systems Inc.		7.750%		2/15/19		B		852,075
	1,275		Covanta Holding Corporation		5.875%		3/01/24		Ba3		1,236,750
	283	CAD	GFL Environmental Corporation, 144A		7.500%		6/18/18		B		217,902
	695		GFL Environmental Corporation, 144A		9.875%		2/01/21		B		722,800
			Total Commercial Services & Supplies								4,029,028

			Construction & Engineering – 0.5%

	430		AECOM Technology Corporation		5.875%		10/15/24		BB–		445,050
	3,500	NOK	VV Holding AS, 144A		6.360%		7/10/19		N/R		372,361
			Total Construction & Engineering								817,411

			Consumer Finance – 0.3%

	580		Covenant Surgical Partners Inc., 144A		8.750%		8/01/19		B–		556,800

			Diversified Telecommunication Services – 1.5%

	1,025		CyrusOne LP Finance		6.375%		11/15/22		B+		1,063,437
	1,065		Qualitytech LP/QTS Finance Corp.		5.875%		8/01/22		BB–		1,086,300
	425		SBA Communications Corporation		4.875%		7/15/22		B		430,313
			Total Diversified Telecommunication Services								2,580,050

			Electric Utilities – 0.2%

	475		Intergen NV, 144A		7.000%		6/30/23		B+		324,188

			Energy Equipment & Services – 0.4%

	615		Compressco Partners LP / Compressco Finance Corporation		7.250%		8/15/22		B–		428,963
	360		Exterran Partners LP / EXLP Finance Corporation		6.000%		10/01/22		B–		259,200
			Total Energy Equipment & Services								688,163

			Gas Utilities – 1.3%

	515		AmeriGas Finance LLC		7.000%		5/20/22		Ba2		527,875
	877		Ferrellgas LP		6.750%		1/15/22		B+		778,338
	465		LBC Tank Terminals Holdings Netherlands BV, 144A		6.875%		5/15/23		B		432,450
	585		Suburban Propane Partners LP		5.750%		3/01/25		BB–		558,675
			Total Gas Utilities								2,297,338

			Health Care Equipment & Supplies – 0.3%

	530		Tenet Healthcare Corporation		8.125%		4/01/22		B3		543,732


Nuveen Investments			5


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	March 31, 2016 (Unaudited)


Principal Amount (000) (6)			Description (1)	Coupon		Maturity		Ratings (5)		Value


			Health Care Providers & Services – 2.7%

$	730		Acadia Healthcare		5.625%		2/15/23		B	$	742,774
	465		Community Health Systems, Inc.		6.875%		2/01/22		B+		419,663
	720		HCA Inc.		5.375%		2/01/25		BB		727,877
	605		Iasis Healthcare Capital Corporation		8.375%		5/15/19		CCC+		596,681
	795		Kindred Healthcare Inc.		6.375%		4/15/22		B2		716,494
	725		Lifepoint Health Inc.		5.875%		12/01/23		Ba2		759,293
	734		Select Medical Corporation		6.375%		6/01/21		B–		693,630
			Total Health Care Providers & Services								4,656,412

			Independent Power & Renewable Electricity Producers – 0.4%

	795		GenOn Energy Inc.		9.500%		10/15/18		B–		580,350

			Internet Software & Services – 0.5%

	870		Equinix Inc.		5.750%		1/01/25		BB		915,675

			IT Services – 0.5%

	910		Zayo Group LLC / Zayo Capital Inc.		6.000%		4/01/23		B–		908,289

			Marine – 0.2%

	585		Navios South American Logistics Inc., Finance US Inc., 144A		7.250%		5/01/22		B2		377,325

			Media – 0.4%

	690		Lamar Media Corporation, 144A		5.750%		2/01/26		Ba1		724,500

			Multi-Utilities – 0.6%

	700	GBP	RWE AG, Reg S		7.000%		3/29/49		BB+		964,154

			Oil, Gas & Consumable Fuels – 3.0%

	915		Calumet Specialty Products		7.625%		1/15/22		B		631,350
	340		Crestwood Midstream Partners LP		6.125%		3/01/22		BB–		255,000
	655		Energy Transfer Equity LP		5.500%		6/01/27		BB+		522,363
	510		Gibson Energy, 144A		6.750%		7/15/21		BB		469,200
	435		Global Partners LP/GLP Finance		6.250%		7/15/22		B+		324,075
	615		Martin Mid-Stream Partners LP Finance		7.250%		2/15/21		B–		533,513
	667		NGL Energy Partners LP/Fin Co		5.125%		7/15/19		BB–		403,535
	255		NGL Energy Partners LP/Fin Co		6.875%		10/15/21		BB–		150,450
	475		Northern Tier Energy LLC		7.125%		11/15/20		BB–		465,500
	270		PBF Holding Company LLC		8.250%		2/15/20		BBB–		279,450
	665		Rose Rock Midstream LP / Rose Rock Finance Corporation		5.625%		7/15/22		B		447,213
	540		Sabine Pass Liquefaction LLC		6.250%		3/15/22		BB+		529,200
	335		Summit Midstream Holdings LLC Finance		7.500%		7/01/21		B		262,975
			Total Oil, Gas & Consumable Fuels								5,273,824

			Real Estate Investment Trust – 2.8%

	730		Corporate Office Properties LP		5.000%		7/01/25		BBB–		736,469
	610		Corrections Corporation of America		5.000%		10/15/22		Baa3		635,925
	1,030		DuPont Fabros Technology LP		5.625%		6/15/23		Ba1		1,055,750
	585		Geo Group Inc.		5.875%		10/15/24		BB–		590,118
	975		Omega Healthcare Investors Inc.		4.500%		4/01/27		BBB–		928,740
	855		PLA Administradora Industrial, S. de R.L. de C.V., 144A		5.250%		11/10/22		Baa3		825,075
			Total Real Estate Investment Trust								4,772,077

			Real Estate Management & Development – 0.9%

	615		Hunt Companies Inc., 144A		9.625%		3/01/21		N/R		564,263
	1,070		Kennedy-Wilson Holdings Incorporated		5.875%		4/01/24		BB–		1,045,924
			Total Real Estate Management & Development								1,610,187

			Road & Rail – 0.3%

	590		Watco Companies LLC Finance, 144A		6.375%		4/01/23		B		575,250


	6			Nuveen Investments


Principal Amount (000) (6)			Description (1)	Coupon		Maturity		Ratings (5)		Value


			Software – 0.5%

$	880		SixSigma Networks Mexico SA de CV, 144A		8.250%		11/07/21		B+	$	829,400

			Transportation Infrastructure – 0.4%

	615		Aeropuerto Internacional de Tocumen SA		5.750%		10/09/23		BBB		630,375

			Wireless Telecommunication Services – 0.6%

	1,140		Inmarsat Finance PLC, 144A		4.875%		5/15/22		BB+		1,073,737
			Total Corporate Bonds (cost $38,509,063)								35,728,265

Principal Amount (000)			Description (1)	Coupon		Maturity		Ratings (5)		Value

			CONVERTIBLE BONDS – 0.9% (0.6% of Total Investments)

			Multi-Utilities – 0.6%

$	1,005		Dominion Resources Inc.		5.750%		10/01/54		BBB–	$	963,795

			Oil, Gas & Consumable Fuels – 0.3%

	985		DCP Midstream LLC, 144A		5.850%		5/21/43		BB–		509,738
$	1,990		Total Convertible Bonds (cost $1,983,001)								1,473,533

Principal Amount (000) (6)			Description (1)	Coupon		Maturity		Ratings (5)		Value

			$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 9.8% (7.0% of Total Investments)

			Electric Utilities – 5.0%

$	1,490		AES Gener SA, 144A		8.375%		12/18/73		BB	$	1,523,525
	600	GBP	Electricite de France S.A, Reg S		6.000%		N/A (7)		Baa1		785,455
	360		Electricite de France, 144A		5.625%		N/A (7)		Baa1		329,400
	556		Electricite de France, 144A		5.250%		N/A (7)		Baa1		508,740
	1,290		Enel SpA, 144A		8.750%		9/24/73		BBB–		1,435,125
	900	EUR	Energias de Portugal, SA, Reg S		5.375%		9/16/75		Ba2		1,001,067
	595		FPL Group Capital Inc.		6.350%		10/01/66		BBB		438,813
	1,865	GBP	NGG Finance PLC, Reg S		5.625%		6/18/73		BBB		2,775,715
			Total Electric Utilities								8,797,840

			Energy Equipment & Services – 2.2%

	3,215		Transcanada Trust		5.625%		5/20/75		BBB		2,831,290
	890	EUR	Origin Energy Finance Limited, Reg S		7.875%		6/16/71		BB		960,724
			Total Energy Equipment & Services								3,792,014

			Multi-Utilities – 0.7%

	915	GBP	Centrica PLC, Reg S		5.250%		4/10/75		BBB		1,189,322

			Oil, Gas & Consumable Fuels – 1.0%

	1,675		Enterprise Products Operating LP		7.034%		1/15/68		Baa2		1,698,450

			Transportation Infrastructure – 0.1%

	250	EUR	Eurogate GmbH		6.750%		N/A (7)		N/R		289,738

			Water Utilities – 0.8%

	905	GBP	Pennon Group PLC, Reg S		6.750%		N/A (7)		N/R		1,343,926
			Total $1,000 Par (or similar) Institutional Preferred (cost $17,792,872)								17,111,290


Nuveen Investments			7


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	March 31, 2016 (Unaudited)

Shares

Description (1), (8)

Value

INVESTMENT COMPANIES – 3.1% (2.2% of Total Investments)

913,764

John Laing Infrastructure Fund

1,584,058

8,365,579

Keppel Infrastructure Trust

3,072,272

529,755

Starwood European Real Estate Finance Limited

806,512

Total Investment Companies (cost $5,550,561)

5,462,842

Total Long-Term Investments (cost $231,501,980)

238,980,686

Principal
Amount (000)

Description (1)

Coupon

Maturity

Value

SHORT-TERM INVESTMENTS – 3.5% (2.5% of Total Investments)

REPURCHASE AGREEMENTS – 3.5% (2.5% of Total Investments)

6,142

Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/16, repurchase price $6,142,357, collateralized by $5,745,000 U.S. Treasury Notes, 2.750%, due 11/15/23, value $6,269,231

0.030%

4/01/16

6,142,352

Total Short-Term Investments (cost $6,142,352)

6,142,352

Total Investments (cost $237,644,332) – 141.0%

245,123,038

Borrowings – (39.6)% (9), (10)

(68,900,000

)

Other Assets Less Liabilities – (1.4)% (11)

(2,339,651

)

Net Assets – 100%

173,883,387

Investments in Derivatives as of March 31, 2016

Interest Rate Swaps outstanding:


Counterparty	Notional Amount		Fund Pay/Receive Floating Rate		Floating Rate Index		Fixed Rate (Annualized)			Fixed Rate Payment Frequency		Effective Date (12)		Optional Termination Date		Termination Date		Value			Unrealized Appreciation (Depreciation)
JPMorgan Chase Bank, N.A.	$	29,250,000		Receive		1-Month USD-LIBOR-ICE		1.462	%		Monthly		6/01/16		12/01/18		12/01/20	$	(817,806	)	$	(957,420	)
JPMorgan Chase Bank, N.A.		29,250,000		Receive		1-Month USD-LIBOR-ICE		1.842			Monthly		6/01/16		12/01/20		12/01/22		(1,471,952	)		(1,667,286	)
	$	58,500,000																$	(2,289,758	)	$	(2,624,706	)

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).


	8			Nuveen 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	$	102,769,640	$	1,846,997		$	—	$	104,616,637
Convertible Preferred Securities		13,532,527		1,624,064			—		15,156,591
$25 Par (or similar) Retail Preferred		53,777,458		5,654,070			—		59,431,528
Corporate Bonds		—		35,728,265			—		35,728,265
Convertible Bonds		—		1,473,533			—		1,473,533
$1,000 Par (or similar) Institutional Preferred		—		17,111,290			—		17,111,290
Investment Companies		5,462,842		—			—		5,462,842

Short-Term Investments:
Repurchase Agreements		—		6,142,352			—		6,142,352

Investments in Derivatives:
Interest Rate Swaps*		—		(2,624,706	)		—		(2,624,706	)
Total	$	175,542,467	$	66,955,865		$	—	$	242,498,332

*	Represents net unrealized appreciation (depreciation).

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	$	47,038,330	$	—		$	—	$	(47,038,330	)	$	—	$	—
$25 Par (or similar) Retail Preferred		—		(1,910,920	)		1,910,920		—			—		—
	$	47,038,330	$	(1,910,920	)	$	1,910,920	$	(47,038,330	)	$	—	$	—

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 March 31, 2016, the cost and unrealized appreciation (depreciation) of investments (excluding investments in derivatives) was $239,100,072.

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


Gross unrealized:
Appreciation	$	15,703,861
Depreciation		(9,680,895	)
Net unrealized appreciation (depreciation) of investments	$	6,022,966


Nuveen Investments			9


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	March 31, 2016 (Unaudited)

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)	Non-income producing; issuer has not declared a dividend 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)	For fair value measurement disclosure purposes, investment classified as Level 2.

(5)

Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. 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.

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

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

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

(9)	Borrowings as a percentage of total investments is 28.1%.

(10)

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 $146,043,345 have been pledged as collateral for Borrowings.

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

(12)	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.

N/A	Not applicable.

ADR	American Depository Receipt

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.

CAD	Canadian Dollar

EUR

Euro

GBP	British Pound Sterling

NOK	Norwegian Krone

USD-LIBOR-ICE

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


	10			Nuveen Investments

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

By (Signature and Title)		/s/ Kevin J. McCarthy
		Kevin J. McCarthy
		Vice President and Secretary

Date: May 27, 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/ Gifford R. Zimmerman
		Gifford R. Zimmerman
		Chief Administrative Officer (principal executive officer)

Date: May 27, 2016

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

Date: May 27, 2016