Nuveen NWQ Flexible Income Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 3.07 0.0 3.07
Stocks 12.16 0.0 12.16
Bonds 11.35 0.0 11.35
Other 3.26 0.01 3.25
Foreign Bonds 0.96 0.0 0.96
Foreign Stocks 3.14 0.0 3.14
Convertible 0.0 0.0 0.0
Preferred 66.08 0.0 66.08

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

Ticker YTD Return % % Net Assets
Frontier Comms 7.125% --- --- 1.87
Jefferies Fin Llc/Jfin Cp 144A 7.375% --- --- 1.51
Apollo Invt Pfd --- --- 1.18
Nationwide Finl Svcs FRN --- --- 1.16
Rait Finl Tr Pfd --- --- 1.14
Kkr Finl Hldgs Pfd --- --- 1.1
Teekay Offshore Partners Ser A --- --- 1.09
Magnum Hunter Res Corp Del Pfd --- --- 1.08
Jpmorgan Chase FRN --- --- 1.07
Ares Capital Corporation ARCC 1.29 1.06