Nuveen NWQ Flexible Income Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 1.84 1.84
Stocks 4.69 4.69
Bonds 4.55 4.55
Other 3.44 3.44
Foreign Bonds 0.0 0.0
Foreign Stocks 0.97 0.97
Convertible 0.0 0.0
Preferred 84.5 84.5

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

% Net Assets
Jefferies Fin Llc/Jfin Cp 144A 7.375% 2.34
Argo Grp Us Pfd 2.04
Endurance Specialty Hldgs Pfd 1.59
Qwest Pfd 1.52
Prudential Finl Pfd 1.5
Pitney Bowes Pfd 1.48
Main Str Cap Pfd 1.43
Apollo Invt Pfd 1.42
Rait Finl Tr Pfd 1.41
Liberty Mut Grp 144A FRN 1.34
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