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: September 30, 2015

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, 2015 (Unaudited)


Shares		Description (1)	Value


		LONG-TERM INVESTMENTS – 142.2% (99.4% of Total Investments)

		COMMON STOCKS – 62.0% (43.4% of Total Investments)

		Air Freight & Logistics – 1.2%

	65,464	BPost SA, (5)	$	1,556,708
	12,917	Oesterreichische Post AG, (5)		443,497
		Total Air Freight & Logistics		2,000,205

		Commercial Services & Supplies – 0.7%

	68,788	Covanta Holding Corporation		1,200,351

		Diversified Telecommunication Services – 1.0%

	1,400,435	HKBN Limited, (2), (5)		1,615,498

		Electric Utilities – 8.1%

	69,011	Alupar Investimento SA		256,409
	458,362	AusNet Services, (5)		440,573
	31,017	Brookfield Infrastructure Partners LP, (4)		1,140,495
	515,108	Contact Energy Limited, (5)		1,634,667
	59,943	Endesa S.A, (2), (5)		1,264,100
	2,763	Hafslund ASA, Class B Shares		18,500
	1,905,819	HK Electric Investments Limited, (5)		1,363,201
	641,161	Infratil Limited, (5)		1,255,436
	10,880	PPL Corporation		357,843
	155,034	Scottish and Southern Energy PLC, (5)		3,508,887
	5,491	Southern Company		245,448
	1,028,172	Spark Infrastructure Group, (5)		1,357,816
	193,113	Transmissora Alianca de Energia Eletrica SA		929,885
		Total Electric Utilities		13,773,260

		Gas Utilities – 1.3%

	15,851	AmeriGas Partners, LP, (4)		658,292
	16,398	Enagas, (5)		470,221
	223,357	Snam Rete Gas S.p.A, (5)		1,147,135
		Total Gas Utilities		2,275,648

		Independent Power & Renewable Electricity Producers – 2.8%

	90,841	Pattern Energy Group Inc.		1,734,155
	493,863	Renewables Infrastructure Group Limited		760,165
	110,413	Saeta Yield S.A, (2), (5)		1,018,594
	148,643	TransAlta Renewables Inc.		1,145,036
		Total Independent Power & Renewable Electrity Producers		4,657,950

		Multi-Utilities – 7.9%

	593,698	Centrica PLC, (5)		2,062,521
	1,094,364	Duet Group, (5)		1,663,088
	168,287	Engie, (5)		2,722,964
	61,233	National Grid PLC ADR, (4)		4,263,654
	440,433	Redes Energeticas Nacionais SA, (5)		1,320,461
	649,190	Vector Limited		1,307,335
		Total Multi-Utilities		13,340,023

		Oil, Gas & Consumable Fuels – 2.2%
	8,669	Arc Logisitics Partners LP		116,511
	63,328	BlueKnight Energy Partners LP		357,803
	40,104	Enbridge Energy Partners LP		991,371
	7,769	Enbridge Income Fund Holdings Inc.		182,334
	8,560	Enviva Partners, LP		107,000


Nuveen Investments			1


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2015 (Unaudited)


Shares		Description (1)	Value


		Oil, Gas & Consumable Fuels (continued)
	18,459	Kinder Morgan, Inc., (4)	$	510,945
	2,723	TC Pipelines LP		129,642
	5,264	USD Partners LP		42,165
	91,042	Veresen Inc.		695,862
	8,440	Williams Companies, Inc.		311,014
	10,241	Williams Partners LP		326,893
		Total Oil, Gas & Consumable Fuels		3,771,540

		Real Estate Investment Trust – 26.4%

	26,181	Agree Realty Corporation		781,503
	107,938	Apollo Commercial Real Estate Finance, Inc.		1,695,706
	100,951	Armada Hoffler Properties Inc.		986,291
	65,180	Blackstone Mortgage Trust Inc, Class A		1,788,539
	213,782	CapitaMall Trust, (5)		285,863
	63,185	CareTrust REIT Inc.		717,150
	67,802	CBL & Associates Properties Inc.		932,278
	63,849	Colony Financial Inc.		1,248,886
	25,253	Community Healthcare Trust Inc.		401,523
	14,574	Corrections Corporation of America		430,516
	38,396	Crombie Real Estate Investment Trust		368,855
	19,859	Digital Realty Trust Inc.		1,297,190
	5,813	Dupont Fabros Technology Inc.		150,440
	46,515	Easterly Government Properties, Inc., (4)		741,914
	23,483	Entertainment Properties Trust		1,211,018
	18,396	Franklin Street Properties Corporation		197,757
	1,246,638	Frasers Centrepoint Trust, (5)		1,669,989
	15,640	Geo Group Inc.		465,134
	118,503	Independence Realty Trust		854,407
	219,738	Inland Real Estate Corporation		1,779,878
	95,360	InnVest Real Estate Investment Trust		355,858
	737,659	Keppel DC REIT, (5)		529,151
	43,953	Lexington Corporate Properties Trust		356,019
	85,740	Liberty Property Trust		2,701,667
	16,294	LTC Properties Inc.		695,265
	1,653,128	Mapletree Greater China Commercial Trust, (5)		1,082,182
	235,388	Mapletree Logistics Trust, (5)		162,211
	192,659	Medical Properties Trust Inc.		2,130,809
	46,606	Monmouth Real Estate Investment Corporation		454,409
	3,482	National Retail Properties, Inc.		126,292
	29,154	National Storage Affiliates Trust		395,037
	41,514	Omega Healthcare Investors Inc., (4)		1,459,217
	82,033	OneREIT		190,560
	400,406	Parkway Life Real Estate Investment Trust, (5)		647,841
	165,855	Physicians Realty Trust		2,502,752
	334,074	Plaza Retail REIT		1,108,991
	241,302	Pure Industrial Real Estate Trust		802,833
	9,461	Realty Income Corporation		448,357
	154,859	Scentre Group, (5)		426,218
	25,651	Smart Real Estate Investment Trust		587,791
	145,741	STAG Industrial Inc.		2,653,944
	56,838	Starwood Property Trust Inc.		1,166,316
	69,624	STORE Capital Corporation		1,438,432
	448,805	TF Administradora Industrial S de RL de CV		818,765
	11,249	Universal Health Realty Income Trust		528,028
	17,937	Urstadt Biddle Properties Inc.		336,139
	435	Ventas Inc.		24,386
	700	Welltower Inc.		47,404
	15,218	WP Carey Inc.		879,753
	88,119	WP GLIMCHER, Inc.		1,027,468
	43,359	WPT Industrial Real Estate Investment Trust		494,726
		Total Real Estate Investment Trust		44,583,658

		Real Estate Management & Development – 0.7%

	157,566	Killam Properties Inc.		1,174,808


	2			Nuveen Investments


Shares		Description (1)					Value


		Transportation Infrastructure – 9.4%

	791,200	China Merchants Holdings Pacific Limited, (5)					$	495,600
	16,329	Grupo Aeroportuario Centro Norte, SA, ADR						647,608
	3,978,715	Hopewell Highway Infrastructure Limited, (5)						1,984,898
	3,064,665	Hutchison Port Holdings Trust, (5)						1,687,389
	228,664	Jiangsu Expressway Company Limited, (5)						293,797
	238	Kobenhavns Lufthavne, (5)						114,744
	15,508	Macquarie Infrastructure Corporation						1,157,827
	806,124	Sydney Airport, (5)						3,387,953
	870,927	Transurban Group, (5)						6,100,665
		Total Transportation Infrastructure						15,870,481

		Water Utilities – 0.3%

	409,155	Inversiones Aguas Metropolitanas SA						566,669
		Total Common Stocks (cost $111,425,388)						104,830,091

Shares		Description (1)	Coupon		Ratings (3)		Value


		CONVERTIBLE PREFERRED SECURITIES – 6.9% (4.8% of Total Investments)

		Electric Utilities – 2.2%

	78,694	Exelon Corporation, (4)		6.500%		BBB-	$	3,434,993
	4,607	NextEra Energy Inc., Convertible, (4)		5.799%		BBB		245,138
		Total Electric Utilities						3,680,131

		Independent Power & Renewable Electrivity Producers – 0.5%

	11,622	Dynegy Inc., Convertible Preferred		5.375%		N/R		907,911

		Oil, Gas & Consumable Fuels – 0.9%

	40,362	Anadarko Petroleum Corporation, (4)		7.500%		N/R		1,510,750

		Real Estate Investment Trust – 3.3%

	41,077	Alexandria Real Estate Equities Inc., Convertible Bonds, (5)		7.000%		N/R		1,109,079
	7,293	American Homes 4 Rent		5.000%		N/R		181,669
	30,376	American Tower Corporation, Convertible Preferred, (4)		0.000%		N/R		2,923,082
	9,780	Equity Commonwealth, Convertble Debt		6.500%		Ba1		237,654
	3,881	Lexington Corporate Properties Trust, Series B		6.500%		N/R		184,076
	17,163	Ramco-Gershenson Properties Trust		7.250%		N/R		955,464
		Total Real Estate Investment Trust						5,591,024
		Total Convertible Preferred Securities (cost $13,039,273)						11,689,816

Shares		Description (1)	Coupon		Ratings (3)		Value

		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 38.1% (26.7% of Total Investments)

		Electric Utilities – 8.0%

	7,270	APT Pipelines Limited, (5)		6.693%		N/R	$	533,244
	78,694	Entergy Arkansas Inc., (5)		6.450%		BB+		1,977,187
	43,372	Entergy Texas Inc.		5.625%		A-		1,099,046
	25,699	Integrys Energy Group Inc.		6.000%		Baa1		691,303
	52,273	NextEra Energy Inc.		6.371%		BBB		2,689,446
	28,134	NextEra Energy Inc.		5.700%		BBB		702,225
	28,477	NextEra Energy Inc.		5.625%		BBB		703,382
	42,461	NextEra Energy Inc.		5.000%		BBB		996,560
	17,903	Pacific Gas & Electric Corporation		6.000%		BBB+		511,131
	79,661	PPL Capital Funding, Inc.		5.900%		BBB		2,007,457
	43,982	SCE Trust I		5.625%		Baa1		1,078,439
	17,479	SCE Trust IV		0.000%		Baa1		450,084
		Total Electric Utilities						13,439,504


Nuveen Investments			3


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2015 (Unaudited)


Shares		Description (1)	Coupon		Ratings (3)		Value


		Gas Utilities – 0.2%

	6,181	Laclede Group, Inc., (5)		6.750%		N/R	$	324,441

		Multi-Utilities – 2.7%

	92,190	Dominion Resources Inc.		0.000%		Baa3		4,573,546

		Oil, Gas & Consumable Fuels – 0.2%

	17,013	Nustar Logistics Limited Partnership		7.625%		Ba2		421,752

		Real Estate Investment Trust – 27.0%

	17,567	American Homes 4 Rent		5.000%		N/R		436,540
	10,048	Apartment Investment & Management Company		6.875%		BB		266,774
	25,649	Apollo Commercial Real Estate Finance		8.625%		N/R		646,611
	30,221	Arbor Realty Trust Incorporated		7.375%		N/R		718,051
	25,401	Campus Crest Communities		8.000%		N/R		618,006
	29,758	CBL & Associates Properties Inc.		7.375%		BB		744,843
	87,369	CBL & Associates Properties Inc.		6.625%		BB		2,164,130
	114,336	Cedar Shopping Centers Inc., Series A		7.250%		N/R		2,762,358
	3,861	Chesapeake Lodging Trust		7.750%		N/R		100,386
	91,292	Colony Financial Inc.		7.125%		N/R		1,995,643
	21,345	Colony Financial Inc.		0.000%		N/R		545,365
	19,445	Colony Financial Inc.		0.000%		N/R		480,875
	28,253	Coresite Realty Corporation		7.250%		N/R		723,277
	6,874	Corporate Office Properties Trust		7.375%		BB		175,287
	18,777	DDR Corporation		6.500%		Baa3		471,866
	7,624	DDR Corporation		6.250%		Baa3		188,008
	83,518	Digital Realty Trust Inc.		6.350%		Baa3		2,066,235
	64,485	EPR Properties Inc.		9.000%		BB		1,962,923
	13,924	EPR Properties Inc.		5.750%		BB		308,556
	638	Equity Commonwealth		5.750%		BBB-		15,331
	706	FelCor Lodging Trust Inc., Series A., Convertible Bond		0.000%		CCC		17,530
	50,452	General Growth Properties		6.375%		N/R		1,223,966
	42,832	Gramercy Property Trust Inc.		7.125%		N/R		1,092,216
	7,580	Hersha Hospitality Trust		8.000%		N/R		191,016
	54,196	Hersha Hospitality Trust		6.875%		N/R		1,359,236
	12,084	Hudson Pacific Properties Inc.		8.375%		BB		305,484
	489	Inland Real Estate Corporation		8.125%		N/R		12,469
	77,729	Inland Real Estate Corporation		6.950%		N/R		1,947,111
	49,005	Investors Real Estate Trust		7.950%		N/R		1,262,369
	23,359	Kimco Realty Corporation,		6.000%		Baa2		589,348
	25,213	Kimco Realty Corporation,		5.500%		Baa2		609,650
	12,255	Kite Realty Group Trust		8.250%		N/R		310,787
	295	LaSalle Hotel Properties		7.500%		N/R		7,410
	22,958	LaSalle Hotel Properties		6.375%		N/R		577,394
	8,180	Monmouth Real Estate Investment Corp		7.875%		N/R		215,134
	16,661	National Retail Properties Inc.		5.700%		Baa2		408,028
	4,193	Northstar Realty Finance Corporation		8.875%		N/R		101,974
	64,080	Northstar Realty Finance Corporation		8.750%		N/R		1,552,658
	11,921	Pebblebrook Hotel Trust		8.000%		N/R		307,800
	90,103	Pebblebrook Hotel Trust		6.500%		N/R		2,207,524
	13,590	Post Properties, Inc., Series A		8.500%		Baa3		903,735
	27,273	PS Business Parks, Inc.		5.750%		BBB		650,461
	3,810	PS Business Parks, Inc.		5.700%		BBB		90,792
	13,832	Rait Financial Trust		7.125%		N/R		301,676
	8,819	Regency Centers Corporation		6.000%		Baa2		218,711
	34,098	Retail Properties of America		7.000%		BB		872,909
	11,531	Sabra Health Care Real Estate Investement Trust		7.125%		BB-		294,848
	14,387	Saul Centers, Inc.		6.875%		N/R		370,465
	3,670	SL Green Realty Corporation		6.500%		Ba1		90,869
	10,092	Summit Hotel Properties Inc.		9.250%		N/R		266,933
	34,187	Summit Hotel Properties Inc.		7.875%		N/R		888,862
	66,627	Summit Hotel Properties Inc.		7.125%		N/R		1,665,675


	4			Nuveen Investments


Shares			Description (1)	Coupon				Ratings (3)		Value


			Real Estate Investment Trust (continued)
	610		Sun Communities Inc.		7.125%				N/R	$	15,701
	37,403		Sunstone Hotel Investors Inc.		8.000%				N/R		953,777
	34,809		Taubman Centers Incorporated, Series K		6.250%				N/R		865,352
	50,411		Taubman Centers Incorporated., Series J		6.500%				N/R		1,260,779
	8,329		Terreno Realty Corporation		7.750%				BB		214,055
	20,676		Urstadt Biddle Properties		7.125%				N/R		539,644
	50,701		Urstadt Biddle Properties		6.750%				N/R		1,292,875
	453		VEREIT, Inc.		6.700%				N/R		10,963
	10,617		Vornado Realty Trust		5.400%				BBB-		238,670
	13,545		Wells Fargo REIT		6.375%				BBB+		347,294
	25,224		WP GLIMCHER, Inc.		7.500%				Ba1		640,690
	38,882		WP GLIMCHER, Inc.		6.875%				Ba1		966,607
			Total Real Estate Investment Trust								45,652,512
			Total $25 Par (or similar) Retail Preferred (cost $64,296,343)								64,411,755

Principal Amount (000)		(6)	Description (1)	Coupon		Maturity		Ratings (3)		Value


			CORPORATE BONDS – 23.9% (16.7% of Total Investments)

			Commercial Services & Supplies – 2.3%

$	870		ADS Waste Holdings Inc.		8.250%		10/01/20		CCC+	$	867,825
	840		Casella Waste Systems Inc.		7.750%		2/15/19		B-		823,200
	910		Covanta Holding Corporation		5.875%		3/01/24		Ba3		866,775
	1,143	CAD	GFL Environmental Corporation, 144A		7.500%		6/18/18		B		847,936
	465	EUR	Waste Italia SPA, 144A		10.500%		11/15/19		B3		384,549
			Total Commercial Services & Supplies								3,790,285

			Communications Equipment – 0.2%

	710		Goodman Networks Inc.		12.125%		7/01/18		B-		362,100

			Construction & Engineering – 1.0%

	705		AECOM Technology Corporation, 144A, (4)		5.875%		10/15/24		BB-		710,287
	9,000	NOK	VV Holding AS, 144A		6.500%		7/10/19		N/R		1,042,504
			Total Construction & Engineering								1,752,791

			Consumer Finance – 0.4%

	580		Covenant Surgical Partners Inc., 144A		8.750%		8/01/19		B-		581,450

			Diversified Financial Services – 0.5%

	925		Jefferies LoanCore LLC Finance Corporation, 144A		6.875%		6/01/20		B		883,375

			Diversified Telecommunication Services – 1.4%

	845		CyrusOne LP Finance, 144A		6.375%		11/15/22		B+		859,787
	845		IntelSat Jackson Holdings		7.500%		4/01/21		B+		779,513
	710		Qualitytech LP/QTS Finance Corp.		5.875%		8/01/22		BB-		710,000
			Total Diversified Telecommunication Services								2,349,300

			Electric Utilities – 1.0%

	1,010		Intergen NV, 144A		7.000%		6/30/23		B+		858,500
	945		PPL Energy Supply LLC, 144A, (5)		6.500%		6/01/25		Ba3		812,700
			Total Electric Utilities								1,671,200

			Energy Equipment & Services – 0.8%

	850		Compressco Partners LP / Compressco Finance Corporation		7.250%		8/15/22		B		692,750
	850		Exterran Partners LP / EXLP Finance Corporation		6.000%		10/01/22		B1		711,875
			Total Energy Equipment & Services								1,404,625


Nuveen Investments			5


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2015 (Unaudited)


Principal Amount (000)		(6)	Description (1)	Coupon		Maturity		Ratings (3)		Value


			Gas Utilities – 1.7%

$	495		AmeriGas Finance LLC		7.000%		5/20/22		Ba2	$	507,375
	1,077		Ferrellgas LP, (5)		6.750%		1/15/22		B+		1,001,610
	870		LBC Tank Terminals Holdings Netherlands BV, 144A		6.875%		5/15/23		B		902,625
	400		Suburban Propane Partners LP		5.750%		3/01/25		BB-		379,000
			Total Gas Utilities								2,790,610

			Health Care Equipment & Supplies – 0.3%

	505		Tenet Healthcare Corporation		6.750%		2/01/20		B3		510,050

			Health Care Providers & Services – 2.3%

	170		Acadia Healthcare, 144A		5.625%		2/15/23		B-		170,850
	520		Acadia Healthcare		5.625%		2/15/23		B-		522,600
	350		HCA Inc.		5.375%		2/01/25		BB		346,500
	425		Iasis Healthcare Capital Corporation		8.375%		5/15/19		CCC+		437,219
	770		Kindred Healthcare Inc., (4)		6.375%		4/15/22		B2		764,225
	704		Select Medical Corporation		6.375%		6/01/21		B-		686,400
	965		Surgical Care Affiliates Inc., 144A		6.000%		4/01/23		B-		955,350
			Total Health Care Providers & Services								3,883,144

			Independent Power & Renewable Electricity Producers – 1.1%

	865		Dynegy Inc.		7.625%		11/01/24		B+		873,650
	1,060		GenOn Energy Inc.		9.500%		10/15/18		B-		980,500
	50		TerraForm Power Operating LLC, 144A		5.875%		2/01/23		BB-		44,125
			Total Independent Power & Renewable Electricity Producers								1,898,275

			Internet Software & Services – 0.5%

	810		Equinix Inc.		5.750%		1/01/25		BB		803,925

			IT Services – 0.5%

	910		Zayo Group LLC / Zayo Capital Inc., 144A		6.000%		4/01/23		B-		882,700

			Marine – 0.6%

	1,010		Navios South American Logisitics Inc., Finance US Inc., 144A		7.250%		5/01/22		B+		909,000

			Multi-Utilities – 0.6%

	700	GBP	RWE AG, Reg S		7.000%		12/31/49		BBB-		1,032,452

			Oil, Gas & Consumable Fuels – 5.7%

	990		Calumet Specialty Products		7.625%		1/15/22		B+		920,700
	890		Crestwood Midstream Partners LP		6.125%		3/01/22		BB		770,473
	915		Energy Transfer Equity LP		5.500%		6/01/27		BB+		759,450
	955		Gibson Energy, 144A		6.750%		7/15/21		BB		917,994
	805		Global Partners LP/GLP Finance		6.250%		7/15/22		B+		708,400
	920		Martin Mid-Stream Partners LP Finance		7.250%		2/15/21		B-		851,000
	662		NGL Energy Partners LP/Fin Co		5.125%		7/15/19		BB-		602,420
	255		NGL Energy Partners LP/Fin Co		6.875%		10/15/21		BB-		239,700
	785		Niska Gas Storage Canada ULC Finance Corporation		6.500%		4/01/19		CCC+		690,800
	270		PBF Holding Company LLC		8.250%		2/15/20		BBB-		276,210
	620		Rose Rock Midstream LP / Rose Rock Finance Corporation		5.625%		7/15/22		B1		545,600
	470		Sabine Pass Liquefaction LLC		6.250%		3/15/22		BB+		437,100
	700		Summit Midstream Holdings LLC Finance		7.500%		7/01/21		B		672,000
	415		Tesoro Logistics LP Finance Corporation, 144A		6.250%		10/15/22		BB		404,625
	905		Western Refining Inc.		6.250%		4/01/21		B+		877,850
			Total Oil, Gas & Consumable Fuels								9,674,322

			Real Estate Investment Trust – 1.2%

	770		Communications Sales & Leasing Inc.		8.250%		10/15/23		BB		658,350
	655		Corporate Office Properties LP		5.000%		7/01/25		BBB-		656,697
	765		DuPont Fabros Technology LP		5.625%		6/15/23		Ba1		768,825
			Total Real Estate Investment Trust								2,083,872


	6			Nuveen Investments


Principal Amount (000)		(6)	Description (1)	Coupon		Maturity		Ratings (3)		Value


			Real Estate Management & Development – 0.7%

$	540		Hunt Companies Inc., 144A		9.625%		3/01/21		N/R	$	507,600
	730		Kennedy-Wilson Holdings Incorporated		5.875%		4/01/24		BB-		713,575
			Total Real Estate Management & Development								1,221,175

			Road & Rail – 0.5%

	885		Watco Companies LLC Finance, 144A		6.375%		4/01/23		B		876,150

			Software – 0.5%

	880		SixSigma Networks Mexico SA de CV, 144A		8.250%		11/07/21		B+		826,100

			Wireless Telecommunication Services – 0.1%

	200		Inmarsat Finance PLC, 144A		4.875%		5/15/22		BB+		194,500
			Total Corporate Bonds (cost $43,907,823)								40,381,401

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

			CONVERTIBLE BONDS – 1.1% (0.7% of Total Investments)

			Multi-Utilities – 0.6%

$	985		Dominion Resources Inc.		5.750%		10/01/54		BBB	$	1,010,856

			Oil, Gas & Consumable Fuels – 0.5%

	1,005		DCP Midstream LLC, 144A		5.850%		5/21/43		BB-		804,000
$	1,990		Total Convertible Bonds (cost $1,985,983)								1,814,856

Principal Amount (000)		(6)	Description (1)	Coupon		Maturity		Ratings (3)		Value

			$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 7.5% (5.2% of Total Investments)

			Construction & Engineering – 1.1%

$	1,914		PHBS Limited		6.625%		N/A (7)		N/R	$	1,928,776

			Electric Utilities – 3.4%

	1,490		AES Gener SA		8.375%		12/18/73		BB		1,568,225
	360		Electricite de France		5.625%		N/A (7)		Baa1		355,680
	366		Electricite de France		5.250%		N/A (7)		Baa1		352,275
	2,135		Enel SpA, 144A		8.750%		9/24/73		BBB-		2,449,315
	595		FPL Group Capital Inc.		6.350%		10/01/66		BBB		477,487
	330	GBP	NGG Finance PLC, Reg S		5.625%		6/18/73		BBB		522,920
			Total Electric Utilities								5,725,902

			Energy Equipment & Services – 2.3%

	890	EUR	Origin Energy Finance Limited, Reg S		7.875%		6/16/71		BB		970,121
	3,085		Transcanada Trust		5.625%		5/20/75		BBB		2,953,887
			Total Energy Equipment & Services								3,924,008

			Transportation Infrastructure – 0.2%

	250	EUR	Eurogate GmbH		6.750%		N/A (7)		N/R		292,256

			Water Utilities – 0.5%

	510	GBP	Pennon Group PLC, Reg S		6.750%		N/A (7)		N/R		795,511
			Total $1,000 Par (or similar) Institutional Preferred (cost $13,057,185)								12,666,453

Shares			Description (1), (8)							Value
			INVESTMENT COMPANIES – 2.7% (1.9% of Total Investments)

	394,965		John Laing Infrastructure Fund							$	689,495
	8,021,109		Keppel Infrastructure Trust								2,962,402
	543,555		Starwood European Real Estate Finance Limited								850,858
			Total Investment Companies (cost $4,631,024)								4,502,755
			Total Long-Term Investments (cost $252,343,019)								240,297,127


Nuveen Investments			7


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2015 (Unaudited)

Principal
Amount (000)

Description (1)

Coupon

Maturity

Value

SHORT-TERM INVESTMENTS – 0.8% (0.6% of Total Investments)

REPURCHASE AGREEMENTS – 0.8%

1,378

Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/15, repurchase price $1,377,686, collateralized by $1,415,000 U.S. Treasury Notes, 1.625%, due 11/15/22, value $1,406,156

0.000%

10/01/2015

1,377,686

Total Short-Term Investments (cost $1,377,686)

1,377,686

Total Investments (cost $253,720,705) – 143.0%

241,674,813

Borrowings – (44.1)% (9), (10)

(74,500,000

)

Other Assets Less Liabilities – 1.1% (11)

1,780,600

Net Assets Applicable to Common Shares – 100%

168,955,413

Investments in Derivatives as of September 30, 2015

Futures Contracts outstanding:


Description	Contract Position		Number of Contracts			Contract Expiration		Notional Amount at Value			Variation Margin Receivable/ (Payable)		Unrealized Appreciation (Depreciation)
U.S. Treasury 5-Year Note		Short		(53	)		12/15	$	(6,387,328	)	$	1,656	$	(37,176	)

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)		Termination Date		Unrealized Appreciation (Depreciation)
JPMorgan	$	29,250,000		Receive		1-Month USD-LIBOR-ICE		1.462	%		Monthly		12/01/15		12/01/20	$	(676,092	)
JPMorgan		29,250,000		Receive		1-Month USD-LIBOR-ICE		1.842			Monthly		12/01/15		12/01/22		(1,026,391	)
	$	58,500,000														$	(1,702,483	)

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	$	61,116,223		$	43,713,868		$	—	$	104,830,091
Convertible Preferred Securities		10,580,737			1,109,079			—		11,689,816
$25 Par (or similar) Retail Preferred		61,576,883			2,834,872			—		64,411,755
Corporate Bonds		—			40,381,401			—		40,381,401
Convertible Bonds		—			1,184,856			—		1,184,856
$1,000 Par (or similar) Institutional Preferred		—			12,666,453			—		12,666,453
Investment Companies		4,502,755			—			—		4,502,755
Short-Term Investments:
Repurchase Agreements		—			1,377,686			—		1,377,686
Investments in Derivatives:
Futures Contracts*		(37,176	)		—			—		(37,176	)
Interest Rate Swaps*		—			(1,702,483	)		—		(1,702,483	)
Total	$	137,739,422		$	102,195,732		$	—	$	239,935,154

*	Represents net unrealized appreciation (depreciation).

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, 2015, the cost of investments (excluding investments in derivatives) was $254,852,294.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of September 30, 2015, were as follows:


Gross unrealized:
Appreciation	$	5,777,238
Depreciation		(18,954,719	)
Net unrealized appreciation (depreciation) of investments	$	(13,177,481	)


Nuveen Investments			9


JRI	Nuveen Real Asset Income and Growth Fund
	Portfolio of Investments (continued)	September 30, 2015 (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 applicable to common shares unless otherwise noted.

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

(3)

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.

(4)	Investment, or portion of investments, is out on loan. The total value investments out on loan as of the end of the reporting period was $ 17,648,530.

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

(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 in 30.8%

(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 portfolio of Investments as collateral for Borrowings. As of the end of the reporting period, investments with a value of $157,387,386 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. Other assets less liabilities also includes the value of options.

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

ADR	American Depositary 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 Fund

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

Date: November 27, 2015

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: November 27, 2015

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

Date: November 27, 2015