Edgar Filing: NUVEEN DIVERSIFIED DIVIDEND & INCOME FUND

Nuveen Diversified Dividend and 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 811-21407

Nuveen Diversified Dividend and 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: December 31

Date of reporting period: September 30, 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

JDD


Nuveen Diversified Dividend and Income Fund
Portfolio of Investments		September 30, 2016 (Unaudited)


Shares		Description (1)	Value

		LONG-TERM INVESTMENTS – 140.9% (95.3% of Total Investments)

		COMMON STOCKS – 31.1% (21.0% of Total Investments)

		Air Freight & Logistics – 1.5%

	75,800	Deutsche Post AG, (4)	$	2,373,180
	13,200	United Parcel Service, Inc., Class B, (2)		1,443,552
		Total Air Freight & Logistics		3,816,732

		Airlines – 0.3%

	9,000	Copa Holdings SA, Class A		791,370

		Automobiles – 0.5%

	18,400	Daimler AG, Sponsored ADR, (4)		1,299,592

		Banks – 3.1%

	36,200	CIT Group Inc.		1,314,060
	47,900	Citigroup Inc.		2,262,317
	160,330	ING Groep N.V, Sponsored ADR		1,978,472
	21,300	JP Morgan Chase & Co.		1,418,367
	20,000	Wells Fargo & Company, (2)		885,600
		Total Banks		7,858,816

		Biotechnology – 0.4%

	17,400	AbbVie Inc.		1,097,418

		Capital Markets – 1.7%

	88,000	Ares Capital Corporation, (2)		1,364,000
	256,000	Deutsche Boerse AG, ADR, (4)		1,984,000
	75,100	UBS Group AG, (4)		1,025,900
		Total Capital Markets		4,373,900

		Chemicals – 0.2%

	120,400	CVR Partners LP		638,120

		Communications Equipment – 0.9%

	42,000	Cisco Systems, Inc.		1,332,240
	119,900	Ericsson, Sponsored ADR		864,479
		Total Communications Equipment		2,196,719

		Diversified Financial Services – 0.5%

	151,100	Challenger Limited, (4)		1,183,221

		Diversified Telecommunication Services – 1.7%

	72,500	Nippon Telegraph and Telephone Corporation, ADR, (2)		3,321,224
	67,500	Telefonica Brasil SA		974,471
		Total Diversified Telecommunication Services		4,295,695

		Electric Utilities – 0.5%

	402,600	EDP – Energias de Portugal, S.A., (4)		1,351,128

		Electrical Equipment – 0.4%

	14,600	Eaton PLC		959,366

		Food & Staples Retailing – 0.5%

	14,900	CVS Health Corporation		1,325,951


NUVEEN			1


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Shares		Description (1)	Value

		Food Products – 0.9%

	226,400	Orkla ASA, Sponsored ADR, (4)	$	2,347,768

		Health Care Providers & Services – 0.0%

	10,108	Millennium Health LLC, (3)		4,296

		Hotels, Restaurants & Leisure – 0.3%

	11,700	Cedar Fair LP		670,293

		Household Durables – 0.5%

	68,000	Sekisui House, Ltd., (4)		1,158,494

		Industrial Conglomerates – 1.4%

	29,700	General Electric Company, (2)		879,714
	53,200	Philips Electronics		1,574,188
	8,600	Siemens AG, (4)		1,008,438
		Total Industrial Conglomerates		3,462,340

		Insurance – 3.5%

	40,500	Ageas, (4)		1,480,817
	11,500	Allianz AG ORD Shares, (4)		1,709,016
	21,300	CNA Financial Corporation		732,933
	99,900	Swiss Re AG, Sponsored ADR, (4)		2,261,736
	78,500	Unum Group		2,771,835
		Total Insurance		8,956,337

		Media – 2.5%

	231,934	Hibu PLC, (3), (5)		—
	51,500	Interpublic Group of Companies, Inc.		1,151,025
	2,099	Metro-Goldwyn-Mayer, (3), (4)		168,445
	48,500	National CineMedia, Inc.		713,920
	109,900	ProSiebenSat.1 Media AG, ADR, (4)		1,172,084
	21,000	Time Warner Inc.		1,671,810
	3,958	Tribune Media Company, Class A		144,546
	3,185	Tribune Media Company, (5)		—
	989	Tronc, Inc., (3)		16,694
	36,700	Viacom Inc., Class B		1,398,270
		Total Media		6,436,794

		Multiline Retail – 0.8%

	11,300	Nordstrom, Inc.		586,244
	21,500	Target Corporation, (2)		1,476,620
		Total Multiline Retail		2,062,864

		Multi-Utilities – 1.0%

	105,900	Veolia Environment S.A., (4)		2,440,103

		Oil, Gas & Consumable Fuels – 0.9%

	18,000	Phillips 66		1,449,900
	9	Southcross Holdings Borrower LP, (3)		3,173
	19,500	Total SA, Sponsored ADR		930,150
		Total Oil, Gas & Consumable Fuels		2,383,223

		Pharmaceuticals – 2.8%

	70,000	AstraZeneca PLC, Sponsored ADR		2,300,200
	76,800	GlaxoSmithKline PLC, Sponsored ADR		3,312,384
	50,800	Roche Holdings AG, Sponsored ADR, (4)		1,573,276
		Total Pharmaceuticals		7,185,860

		Road & Rail – 0.4%

	9,900	Union Pacific Corporation		965,547


	2			NUVEEN


Shares		Description (1)	Value

		Semiconductors & Semiconductor Equipment – 0.5%

	73,400	Infineon Technologies AG, (4)	$	1,308,833

		Software – 2.0%

	246,734	Eagle Topco LP, (3), (5)		—
	32,200	Microsoft Corporation, (2)		1,854,720
	85,400	Oracle Corporation		3,354,512
		Total Software		5,209,232

		Specialty Retail – 0.4%

	34,400	GameStop Corporation, Class A		949,096

		Tobacco – 1.0%

	51,800	Imperial Brands PLC, Sponsored ADR, (4)		2,666,146
		Total Common Stocks (cost $71,270,267)		79,395,254

Shares		Description (1)	Value

		REAL ESTATE INVESTMENT TRUST (REIT) COMMON STOCKS – 37.8% (25.5% of Total Investments)

		Diversified – 0.8%

	47,725	Liberty Property Trust	$	1,925,704

		Health Care – 4.1%

	162,950	Senior Housing Properties Trust		3,700,595
	45,675	Ventas Inc.		3,226,024
	45,875	Welltower Inc.		3,430,074
		Total Health Care		10,356,693

		Hotels, Restaurants & Leisure – 2.1%

	33,500	Chesapeake Lodging Trust		767,150
	34,975	Hospitality Properties Trust		1,039,457
	135,667	Host Hotels & Resorts Inc.		2,112,335
	33,950	Pebblebrook Hotel Trust		903,070
	24,650	RLJ Lodging Trust		518,390
		Total Hotels, Restaurants & Leisure		5,340,402

		Industrial – 2.1%

	98,273	Prologis Inc.		5,261,536

		Mortgage – 0.2%

	39,000	PennyMac Mortgage Investment Trust		607,620

		Office – 5.9%

	17,550	Alexandria Real Estate Equities Inc.		1,908,914
	6,200	Boston Properties, Inc.		844,998
	72,325	Douglas Emmett Inc.		2,649,265
	55,350	Equity Commonwealth		1,672,677
	68,275	Hudson Pacific Properties Inc.		2,244,198
	12,425	Kilroy Realty Corporation		861,674
	47,300	Paramount Group Inc.		775,247
	40,450	Vornado Realty Trust		4,093,945
		Total Office		15,050,918

		Residential – 7.3%

	76,425	American Homes 4 Rents, Class A		1,653,837
	59,951	Apartment Investment & Management Company, Class A		2,752,350
	22,825	AvalonBay Communities, Inc.		4,059,198
	77,100	Equity Residential		4,959,842
	8,750	Essex Property Trust Inc.		1,948,625
	7,225	Mid-America Apartment Communities		679,078


NUVEEN			3


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Shares		Description (1)							Value

		Residential (continued)

	10,175	Post Properties, Inc.							$	672,873
	23,975	Sun Communities Inc.								1,881,558
		Total Residential								18,607,361

		Retail – 8.7%

	42,425	Brixmor Property Group Inc.								1,178,991
	105,325	CBL & Associates Properties Inc.								1,278,646
	138,475	Developers Diversified Realty Corporation								2,413,619
	9,375	Federal Realty Investment Trust								1,443,094
	90,685	General Growth Properties Inc.								2,502,906
	57,900	Kimco Realty Corporation								1,676,205
	22,866	Macerich Company								1,849,173
	15,025	Regency Centers Corporation								1,164,287
	36,010	Simon Property Group, Inc.								7,454,430
	34,250	Weingarten Realty Trust								1,335,065
		Total Retail								22,296,416

		Specialized – 6.6%

	10,825	Coresite Realty Corporation								801,483
	69,300	CubeSmart								1,889,118
	13,750	CyrusOne Inc.								654,088
	17,775	Digital Realty Trust Inc.								1,726,308
	9,700	Equinix Inc.								3,494,425
	15,225	Extra Space Storage Inc.								1,209,017
	20,525	Life Storage, Inc.								1,825,494
	23,949	Public Storage, Inc.								5,343,980
		Total Specialized								16,943,913
		Total Real Estate Investment Trust (REIT) Common Stocks (cost $70,634,117)								96,390,563

Shares		Description (1)	Coupon				Ratings (6)		Value

		CONVERTIBLE PREFERRED SECURITIES – 2.1% (1.5% of Total Investments)

		Diversified Telecommunication Services – 0.5%

	14,147	Frontier Communications Corporation		11.125%				N/R	$	1,187,075

		Electric Utilities – 0.2%

	10,765	Great Plains Energy Inc.		7.000%				N/R		554,290

		Pharmaceuticals – 1.4%

	4,400	Teva Pharmaceutical Industries Limited, (4)		7.000%				N/R		3,562,240
		Total Convertible Preferred Securities (cost $6,006,220)								5,303,605

Shares		Description (1)	Coupon				Ratings (6)		Value

		$25 PAR (OR SIMILAR) RETAIL PREFERRED – 0.5% (0.3% of Total Investments)

		Consumer Finance – 0.4%

	36,300	GMAC Capital Trust I		8.125%				B+	$	922,383

		Wireless Telecommunication Services – 0.1%

	7,955	United States Cellular Corporation		7.250%				Ba1		212,080
		Total $25 Par (or similar) Retail Preferred (cost $1,111,315)								1,134,463

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

		$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 1.3% (0.9% of Total Investments)

		Banks – 1.1%

$	796	Bank of America Corporation		6.500%		N/A (7)		BB+	$	862,167


	4			NUVEEN


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

		Banks (continued)

$	887	Citigroup Inc.		5.950%		N/A (7)		BB+	$	903,117
	923	Wells Fargo & Company		5.875%		N/A (7)		BBB		1,001,455
	2,606	Total Banks								2,766,739

		Food Products – 0.2%

	630	Land O’Lakes Inc., 144A		8.000%		N/A (7)		BB		652,050
$	3,236	Total $1,000 Par (or similar) Institutional Preferred (cost $3,295,747)								3,418,789

Principal Amount (000)		Description (1)	Coupon (8)		Maturity (9)		Ratings (6)		Value

		VARIABLE RATE SENIOR LOAN INTERESTS – 32.3% (21.9% of Total Investments) (8)

		Aerospace & Defense – 0.8%

$	1,000	Leidos Holdings, Inc., Term Loan B		3.274%		8/16/23		BBB–	$	1,007,083
	610	B/E Aerospace, Inc., Term Loan B, First Lien		3.750%		12/16/21		BB+		616,615
	236	Transdigm, Inc., Delayed Draw, Tranche F, Term Loan		3.750%		6/09/23		Ba2		236,472
	263	Transdigm, Inc., Term Loan F		3.750%		6/09/23		Ba2		262,746
	2,109	Total Aerospace & Defense								2,122,916

		Airlines – 1.2%

	485	American Airlines, Inc., Term Loan B, First Lien		3.250%		6/29/20		BB+		486,701
	2,000	American Airlines, Inc., Term Loan B		3.502%		4/28/23		BB+		2,007,812
	481	Delta Air Lines, Inc., Term Loan B1		3.250%		10/18/18		BBB		483,322
	2,966	Total Airlines								2,977,835

		Automobiles – 0.9%

	574	Chrysler Group LLC, Term Loan B		3.500%		5/24/17		BBB–		575,611
	576	Chrysler Group LLC, Tranche B, Term Loan		3.250%		12/31/18		BBB–		576,977
	1,114	Formula One Group, Term Loan, First Lien		4.750%		7/30/21		B		1,116,073
	2,264	Total Automobiles								2,268,661

		Building Products – 0.1%

	401	Gates Global LLC, Term Loan		4.250%		7/06/21		B+		395,796

		Capital Markets – 0.2%

	485	Guggenheim Partners LLC, Initial Term Loan		4.250%		7/22/20		N/R		487,729

		Chemicals – 0.7%

	199	Mineral Technologies, Inc., Term Loan B2		4.750%		5/07/21		BB+		201,484
	779	Univar, Inc., Term Loan B, First Lien		4.250%		7/01/22		BB–		780,289
	837	US Coatings Acquisition, Term Loan B		3.750%		2/01/20		BB+		843,409
	1,815	Total Chemicals								1,825,182

		Commercial Services & Supplies – 0.8%

	936	ADS Waste Holdings, Inc., Initial Term Loan, Tranche B2		3.750%		10/09/19		B+		938,964
	998	West Corporation, Term Loan B12		3.750%		6/17/23		BB		1,004,732
	1,934	Total Commercial Services & Supplies								1,943,696

		Communications Equipment – 0.1%

	268	Commscope, Inc., Term Loan B, First Lien		3.750%		12/29/22		Ba1		270,386

		Construction & Engineering – 0.0%

	55	Aecom Technology Corporation, Term Loan B		3.750%		10/17/21		BBB–		54,883

		Construction Materials – 0.2%

	499	Headwaters Incorporated, Term Loan B1		4.000%		3/24/22		BB–		501,075


NUVEEN			5


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Principal Amount (000)		Description (1)	Coupon (8)		Maturity (9)		Ratings (6)		Value

		Consumer Finance – 0.6%

$	463	First Data Corporation, Term Loan B, First Lien		4.525%		3/24/21		BB	$	466,249
	1,000	First Data Corporation, Term Loan B		4.275%		7/08/22		BB		1,007,153
	1,463	Total Consumer Finance								1,473,402

		Containers & Packaging – 0.7%

	429	Berry Plastics Holding Corporation, Term Loan H		3.750%		10/01/22		Ba3		430,229
	1,277	Reynolds Group Holdings, Inc., Term Loan, First Lien		4.250%		2/06/23		B+		1,282,054
	1,706	Total Containers & Packaging								1,712,283

		Diversified Consumer Services – 0.6%

	1,010	Hilton Hotels Corporation, Series B2, Term Loan		3.100%		10/25/23		BBB		1,019,126
	99	Hilton Hotels Corporation, Term Loan B2		3.500%		10/26/20		BBB		99,401
	450	ServiceMaster Company, Term Loan		4.250%		7/01/21		BB		455,149
	1,559	Total Diversified Consumer Services								1,573,676

		Diversified Financial Services – 0.4%

	746	MGM Growth Properties, Term Loan B		4.000%		4/25/23		BB+		753,713
	266	WideOpenWest Finance LLC, New Term Loan B		4.500%		8/18/23		B1		264,792
	1,012	Total Diversified Financial Services								1,018,505

		Diversified Telecommunication Services – 1.5%

	522	Intelsat Jackson Holdings, S.A., Tranche B2, Term Loan		3.750%		6/30/19		B1		498,270
	243	Level 3 Financing, Inc., Term Loan B2		3.500%		5/31/22		BB+		245,125
	978	SBA Communication, Incremental Term Loan, Tranche B1		3.340%		3/24/21		BB		980,147
	1,000	Verizon Communications, Inc., Term Loan		1.796%		7/31/19		N/R		1,001,042
	1,000	Ziggo N.V., Term Loan D, First Lien		3.857%		8/31/24		BB–		1,001,771
	3,743	Total Diversified Telecommunication Services								3,726,355

		Electric Utilities – 0.8%

	1,000	Energy Future Intermediate Holding Company, Term Loan		4.250%		12/19/16		N/R		1,004,167
	814	Texas Competitive Electric Holdings LLC, DIP Term Loan B, First Lien		5.000%		10/31/17		Baa3		820,393
	186	Texas Competitive Electric Holdings LLC, DIP Term Loan C, First Lien		5.000%		10/31/17		Baa3		187,107
	2,000	Total Electric Utilities								2,011,667

		Electronic Equipment, Instruments & Component – 0.4%

	918	Zebra Technologies Corporation, Term Loan B		4.089%		10/27/21		BB+		929,649

		Energy Equipment & Services – 0.0%

	149	Drill Rigs Holdings, Inc., Tranche B1, Term Loan		6.000%		3/31/21		Caa2		75,673

		Equity Real Estate Investment Trusts – 0.7%

	935	Communications Sales & Leasing, Inc., Term Loan B, First Lien		5.000%		10/24/22		BB+		939,465
	832	Walter Investment Management Corporation, Tranche B, Term Loan, First Lien		4.750%		12/18/20		B+		765,557
	1,767	Total Equity Real Estate Investment Trusts								1,705,022

		Food & Staples Retailing – 1.3%

	1,738	Albertson’s LLC, Repriced Term Loan B4		4.500%		8/25/21		BB		1,750,566
	498	BJ’s Wholesale Club, Inc., Replacement Loan, Second Lien		8.500%		3/26/20		CCC		500,604
	1,000	Rite Aid Corporation, Tranche 2, Term Loan, Second Lien		4.875%		6/21/21		BB		1,003,625
	3,236	Total Food & Staples Retailing								3,254,795

		Food Products – 1.2%

	821	Jacobs Douwe Egberts, Term Loan B		4.250%		7/02/22		BB		831,838
	2,334	US Foods, Inc., Term Loan B		4.000%		6/27/23		B+		2,353,801
	3,155	Total Food Products								3,185,639


	6			NUVEEN


Principal Amount (000)		Description (1)	Coupon (8)		Maturity (9)		Ratings (6)		Value

		Health Care Equipment & Supplies – 1.1%

$	1,430	Acelity, Term Loan F		5.000%		8/03/18		BB–	$	1,444,058
	125	Alere, Inc., Term Loan B		4.250%		6/20/22		Ba3		124,373
	881	ConvaTec Healthcare, Term Loan B		4.250%		6/15/20		N/R		885,010
	428	Sterigenics International, Inc., Term Loan B		4.250%		5/16/22		B1		428,608
	2,864	Total Health Care Equipment & Supplies								2,882,049

		Health Care Providers & Services – 2.2%

	983	Acadia Healthcare, Inc., Term Loan B, First Lien		3.750%		2/11/22		N/R		989,562
	782	Amsurg Corporation, Term Loan, First Lien		3.500%		7/16/21		Ba2		783,857
	1	Community Health Systems, Inc., Term Loan F		4.083%		12/31/18		BB–		1,002
	432	Community Health Systems, Inc., Term Loan G		3.750%		12/31/19		BB–		424,263
	864	Community Health Systems, Inc., Term Loan H		4.000%		1/27/21		BB–		850,169
	813	DaVita HealthCare Partners, Inc., Tranche B, Term Loan		3.500%		6/24/21		Ba1		818,446
	954	Drumm Investors LLC, Term Loan		9.500%		5/04/18		B		940,650
	57	HCA, Inc., Term Loan B6, First Lien		3.774%		3/17/23		BBB–		57,376
	506	HCA, Inc., Term Loan B7, First Lien		3.588%		2/15/24		BBB–		510,417
	343	Millennium Laboratories, Inc., Term Loan B, First Lien		7.550%		12/21/20		B–		163,545
	5,735	Total Health Care Providers & Services								5,539,287

		Hotels, Restaurants & Leisure – 1.3%

	1,038	Burger King Corporation, Term Loan B		3.750%		12/10/21		Ba3		1,047,163
	1,803	Seaworld Parks and Entertainment, Inc., Term Loan B2		3.088%		5/14/20		BB		1,772,186
	499	YUM Brands, Term Loan B		3.281%		6/16/23		BBB–		503,470
	3,340	Total Hotels, Restaurants & Leisure								3,322,819

		Household Durables – 0.3%

	886	Serta Simmons Holdings LLC, Term Loan		4.250%		10/01/19		BB–		889,504

		Household Products – 0.3%

	500	Revlon Consumer Products Corporation, Term Loan B, First Lien		4.250%		9/07/23		Ba3		501,965
	347	Spectrum Brands, Inc., Term Loan		3.500%		6/23/22		BBB–		348,530
	847	Total Household Products								850,495

		Independent Power & Renewable Electricity Producers – 0.2%

	500	Dynegy, Inc., Term Loan B		5.000%		6/27/23		BB		503,854

		Internet and Direct Marketing Retail – 0.4%

	961	Travelport LLC, Term Loan B		5.000%		9/02/21		B+		966,516

		Internet Software & Services – 0.3%

	821	Tibco Software, Inc., Term Loan B		6.500%		12/04/20		B1		811,684

		IT Services – 0.5%

	728	Vantiv, Inc., Term Loan B		3.500%		6/13/21		BBB–		731,007
	499	WEX, Inc., Term Loan B		4.250%		6/30/23		BB–		504,984
	1,227	Total IT Services								1,235,991

		Leisure Products – 0.6%

	1,359	24 Hour Fitness Worldwide, Inc., Term Loan B		4.750%		5/28/21		Ba3		1,312,667
	259	Academy, Ltd., Term Loan B		5.000%		7/01/22		B		253,866
	1,618	Total Leisure Products								1,566,533

		Life Sciences Tools & Services – 0.2%

	500	Inventiv Health, Inc., Term Loan B, (WI/DD)		TBD		TBD		B		501,016

		Machinery – 0.4%

	462	Rexnord LLC, Term Loan B		4.000%		8/21/20		BB–		462,661
	500	Safway Group Holdings LLC, Initial Term Loan, First Lien		5.750%		8/21/23		B+		504,167
	962	Total Machinery								966,828


NUVEEN			7


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Principal Amount (000)		Description (1)	Coupon (8)		Maturity (9)		Ratings (6)		Value

		Media – 2.6%

$	495	Cequel Communications LLC, Extended Term Loan		4.250%		12/14/22		BB–	$	498,587
	968	Charter Communications Operating Holdings LLC, Term Loan E		3.000%		7/01/20		BBB		971,061
	92	Clear Channel Communications, Inc., Term Loan E		8.024%		7/30/19		Caa1		71,028
	748	Clear Channel Communications, Inc., Tranche D, Term Loan		7.274%		1/30/19		Caa1		575,981
	1,129	Cumulus Media, Inc., Term Loan B		4.250%		12/23/20		B3		794,085
	297	Gray Television, Inc., Initial Term Loan		3.938%		6/13/21		BB		298,659
	82	Nexstar Broadcasting Group, Term Loan B, First Lien, (WI/DD)		TBD		TBD		BB+		81,614
	1,000	Nexstar Broadcasting Group, Term Loan B, First Lien, (WI/DD)		TBD		TBD		BB+		1,006,094
	544	Springer Science & Business Media, Inc., Term Loan B9, First Lien		4.750%		8/14/20		B		529,433
	1,508	Univision Communications, Inc., Replacement Term Loan, First Lien		4.000%		3/01/20		BB–		1,511,901
	153	Yell Group PLC, PIK Term Loan B2, First Lien		10.000%		9/07/65		N/R		240,313
	184	Yell Group PLC, Term Loan A2, First Lien		8.000%		9/07/21		N/R		183,476
	7,200	Total Media								6,762,232

		Multiline Retail – 0.4%

	493	Bass Pro Group LLC, Term Loan B, First Lien		4.000%		6/05/20		BB–		492,802
	173	Dollar Tree, Inc., Term Loan B, First Lien		3.063%		7/06/22		BBB		173,807
	240	Dollar Tree, Inc., Term Loan B2		4.250%		7/06/22		BBB		242,175
	906	Total Multiline Retail								908,784

		Oil, Gas & Consumable Fuels – 0.3%

	205	Fieldwood Energy LLC, Term Loan, First Lien		8.000%		8/31/20		B2		169,609
	139	Fieldwood Energy LLC, Term Loan, Second Lien, (DD1)		8.375%		9/30/20		CCC–		58,413
	353	Fieldwood Energy LLC, Term Loan, Second Lien		8.375%		9/30/20		N/R		256,177
	190	Harvey Gulf International Marine, Inc., Term Loan B		5.500%		6/18/20		CCC+		120,377
	304	Seadrill Partners LLC, Initial Term Loan		4.000%		2/21/21		B–		153,062
	8	Southcross Holdings Borrower L.P., Term Loan B, First Lien		3.500%		4/13/23		CCC+		7,013
	1,199	Total Oil, Gas & Consumable Fuels								764,651

		Pharmaceuticals – 0.8%

	639	Grifols, Inc., Term Loan		3.448%		2/27/21		Ba1		645,403
	232	Quintiles Transnational Corp., Term Loan B		3.250%		5/06/22		BBB–		231,983
	1,158	Valeant Pharmaceuticals International, Inc., Series E1, Tranche B Term Loan		4.750%		8/05/20		N/R		1,160,000
	2,029	Total Pharmaceuticals								2,037,386

		Professional Services – 0.1%

	250	Nielsen Finance LLC, Term Loan B3, First Lien, (WI/DD)		TBD		TBD		BBB		251,224

		Real Estate Management & Development – 0.2%

	461	Capital Automotive LP, Term Loan, Tranche B1		4.000%		4/10/19		BB		462,947

		Semiconductors & Semiconductor Equipment – 1.8%

	1,011	Avago Technologies, Term Loan B3		3.524%		2/01/23		BBB		1,025,362
	1,000	Cavium, Inc. Initial Term B Loan		3.750%		8/16/22		BB–		1,008,750
	412	Microsemi Corporation, Term Loan B, First Lien		3.750%		1/15/23		BB		416,047
	717	NXP Semiconductor LLC, Term Loan D		3.250%		1/11/20		Baa2		721,064
	533	NXP Semiconductor LLC, Term Loan F		3.405%		12/07/20		Baa2		536,408
	1,000	Versum Materials, Inc., Term Loan B, First Lien, (WI/DD)		TBD		TBD		BB+		1,007,188
	4,673	Total Semiconductors & Semiconductor Equipment								4,714,819

		Software – 1.8%

	470	BMC Software, Inc., Initial Term Loan		5.000%		9/10/20		B1		454,265
	928	Computer Sciences Government Services, Term Loan B, First Lien		3.750%		11/28/22		BB+		934,523
	782	Ellucian, Term Loan B, First Lien		4.750%		9/30/22		B2		783,055
	946	Emdeon Business Services LLC, Term Loan B2		3.750%		11/02/18		Ba3		948,535


	8			NUVEEN


Principal Amount (000)			Description (1)	Coupon (8)		Maturity (9)		Ratings (6)		Value

			Software (continued)

$	736		Infor Global Solutions Intermediate Holdings, Ltd., Term Loan B5		3.750%		6/03/20		BB	$	732,157
	684		SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B1		4.000%		7/08/22		BB		689,736
	85		SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B2		4.000%		7/08/22		BB		85,714
	4,631		Total Software								4,627,985

			Specialty Retail – 1.1%

	559		Burlington Coat Factory Warehouse Corporation, Term Loan B4		3.500%		8/13/21		BB		561,729
	750		Jo-Ann Stores, Inc., Term Loan B, (WI/DD)		TBD		TBD		B1		738,750
	946		Petco Animal Supplies, Inc., Term Loan B1		5.000%		1/26/23		B		955,849
	444		Petsmart, Inc., Term Loan B		4.250%		3/11/22		BB–		445,764
	2,699		Total Specialty Retail								2,702,092

			Technology Hardware, Storage & Peripherals – 1.0%

	1,000		Dell International LLC, Term Loan A3, First Lien, (WI/DD)		TBD		TBD		BBB–		995,804
	818		Dell International LLC, Term Loan B		4.000%		9/07/23		BBB–		823,736
	798		Western Digital, Inc., Term Loan B1		4.500%		4/29/23		BBB–		807,726
	2,616		Total Technology Hardware, Storage & Peripherals								2,627,266

			Trading Companies & Distributors – 0.6%

	616		HD Supply, Inc., Term Loan B		3.750%		8/13/21		BB		618,603
	1,000		HD Supply, Inc., Term Loan B2, First Lien, (WI/DD)		TBD		TBD		BB		1,002,708
	1,616		Total Trading Companies & Distributors								1,621,311

			Wireless Telecommunication Services – 0.6%

	447		T-Mobile USA, Term Loan B		3.500%		11/09/22		BBB–		450,413
	1,000		UPC Financing Partnership, Term Loan, First Lien		4.080%		8/31/24		BB		1,005,469
	1,447		Total Wireless Telecommunication Services								1,455,882
$	83,492		Total Variable Rate Senior Loan Interests (cost $83,074,091)								82,487,980

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

			CORPORATE BONDS – 0.0% (0.0% of Total Investments)

			Media – 0.0%

$	132		Clear Channel Communications, Inc.		9.000%		12/15/19		Caa1	$	104,445
$	132		Total Corporate Bonds (cost $117,764)								104,445

Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			EMERGING MARKET DEBT AND FOREIGN CORPORATE BONDS – 35.8% (24.2% of Total Investments)

			Argentina – 2.5%
$	225		Bono Gar Provincia Del Chubut Argentina, 144A		7.750%		7/26/26		B	$	231,188
	345		City of Buenos Aires, Argentina, 144A		8.950%		2/19/21		B		393,300
	310		City of Buenos Aires, Argentina, 144A		7.500%		6/01/27		B		337,590
	320		City of Buenos Aires, Argentina, Reg S		7.500%		6/01/27		B		348,480
	160		Province of Buenos Aires, 144A		9.950%		6/09/21		B–		184,051
	210		Province of Buenos Aires, 144A		9.125%		3/16/24		B–		234,938
	300		Province of Buenos Aires, Reg S		10.875%		1/26/21		B–		351,000
	150		Province of Buenos Aires, Reg S		9.950%		6/09/21		B–		172,500
	150		Province of Salta, 144A		9.125%		7/07/24		B		164,813
	171		Provincia de Cordoba, 144A		7.125%		6/10/21		B–		179,550
	885		Republic of Argentina		7.000%		4/17/17		B–		932,347
	595		Republic of Argentina		2.500%		12/31/38		B3		423,938
	21		Republic of Argentina, (11)		8.280%		12/31/33		B–		23,502


NUVEEN			9


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)



Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			Argentina (continued)

$	150		Republic of Argentina, 144A		6.250%		4/22/19		B	$	159,075
	624		Republic of Argentina, 144A		6.875%		4/22/21		B		679,224
	920		Republic of Argentina, 144A		7.500%		4/22/26		B		1,038,219
	150		Republic of Argentina, 144A		6.625%		7/06/28		B–		158,625
	351		YPF Sociedad Anonima, 144A		8.750%		4/04/24		B		390,874
			Total Argentina								6,403,214

			Azerbaijan – 0.8%

	1,110		Azerbaijan Government International Bond, Reg S		4.750%		3/18/24		Ba1		1,151,880
	465		Azerbaijan State Oil Company, Reg S		5.450%		2/09/17		Ba1		468,395
	200		Southern Gas Corridor CJSC, 144A		6.875%		3/24/26		Ba1		224,000
	260		Southern Gas Corridor CJSC, Reg S		6.875%		3/24/26		Ba1		291,200
			Total Azerbaijan								2,135,475

			Angola – 0.3%

	830		Republic of Angola, Reg S		9.500%		11/12/25		B1		826,016

			Brazil – 1.9%

	256	BRL	Brazil Nota do Tesouro Nacional		6.000%		8/15/50		BB		242,489
	575		Centrais Eletricas Brasileiras S.A, Reg S		5.750%		10/27/21		BB		563,788
	600		Federative Republic of Brazil		6.000%		1/17/17		BB		606,900
	153		Federative Republic of Brazil		8.000%		1/15/18		BB		160,770
	360		Federative Republic of Brazil		2.625%		1/05/23		BB		333,000
	860		Federative Republic of Brazil		6.000%		4/07/26		BB		952,450
	220		Federative Republic of Brazil		8.250%		1/20/34		BB		281,600
	560		Petrobras Global Finance BV		4.875%		3/17/20		BB		565,773
	310		Petrobras Global Finance BV		8.375%		5/23/21		BB		339,667
	110		Petrobras Global Finance BV		8.750%		5/23/26		BB		121,550
	265		Petrobras International Finance Company		5.750%		1/20/20		BB		273,083
	445		Petrobras International Finance Company		6.750%		1/27/41		BB		384,925
			Total Brazil								4,825,995

			Bulgaria – 0.8%

	1,275	EUR	Republic of Bulgaria, Reg S		2.950%		9/03/24		Baa2		1,594,329
	465	EUR	Republic of Bulgaria, Reg S		3.125%		3/26/35		Baa2		543,224
			Total Bulgaria								2,137,553

			Cameroon – 0.2%

	510		Republic of Cameroon, 144A		9.500%		11/19/25		B		567,202

			Chile – 0.2%

	200		Coporacion Nacional del Cobre de Chile, Reg S		4.250%		7/17/42		A+		188,325
	305		Coporacion Nacional del Cobre de Chile, Reg S		4.875%		11/04/44		A+		311,816
			Total Chile								500,141

			China – 0.2%

	450		Sinopec Group Overseas Development 2016 Limited, 144A		3.500%		5/03/26		Aa3		469,988

			Colombia – 0.5%

	390		EcoPetrol SA		5.875%		9/18/23		BBB		420,732
	420,000	COP	Republic of Colombia		7.750%		4/14/21		BBB		153,661
	175,000	COP	Republic of Colombia		9.850%		6/28/27		BBB		73,935
	405		Republic of Colombia		10.375%		1/28/33		BBB		639,900
	15		Republic of Colombia		7.375%		9/18/37		BBB		20,175
			Total Colombia								1,308,403

			Cote d’Ivoire (Ivory Coast) – 1.1%

	950		Ivory Coast Republic, 144A		5.375%		7/23/24		Ba3		954,940
	255		Ivory Coast Republic, 144A		6.375%		3/03/28		Ba3		267,113


	10			NUVEEN


Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			Cote d’Ivoire (Ivory Coast) (continued)

$	565		Ivory Coast Republic, Reg S		5.375%		7/23/24		Ba3	$	567,938
	750		Ivory Coast Republic, Reg S		6.375%		3/03/28		Ba3		784,875
	366		Ivory Coast Republic, Reg S		5.750%		12/31/32		B+		360,227
			Total Cote d’Ivoire (Ivory Coast)								2,935,093

			Croatia – 1.1%

	280		Republic of Croatia, 144A		6.250%		4/27/17		BB		286,804
	540		Republic of Croatia, Reg S		6.750%		11/05/19		BB		598,540
	735		Republic of Croatia, Reg S		6.625%		7/14/20		BB		823,567
	310		Republic of Croatia, Reg S		6.375%		3/24/21		BB		348,431
	660		Republic of Croatia, Reg S		5.500%		4/04/23		BB		732,939
			Total Croatia								2,790,281

			Dominican Republic – 1.8%

	335		Dominican Republic, 144A		6.600%		1/28/24		BB–		377,294
	685		Dominican Republic, 144A		5.500%		1/27/25		BB–		726,100
	239		Dominican Republic, 144A		6.875%		1/29/26		BB–		276,643
	61		Dominican Republic, Reg S		9.040%		1/23/18		BB–		63,542
	1,007		Dominican Republic, Reg S		7.500%		5/06/21		BB–		1,127,839
	155		Dominican Republic, Reg S		6.600%		1/28/24		BB–		174,569
	1,040		Dominican Republic, Reg S		5.875%		4/18/24		BB–		1,131,000
	145		Dominican Republic, Reg S		5.500%		1/27/25		BB–		153,700
	495		Dominican Republic, Reg S		7.450%		4/30/44		BB–		587,813
			Total Dominican Republic								4,618,500

			Ecuador – 0.2%

	435		Republic of Ecuador, 144A		10.750%		3/28/22		B		443,700

			El Salvador – 0.6%

	75		Republic of El Salvador, 144A		6.375%		1/18/27		B+		75,375
	165		Republic of El Salvador, Reg S		7.375%		12/01/19		B1		176,138
	646		Republic of El Salvador, Reg S		7.750%		1/24/23		B1		717,060
	80		Republic of El Salvador, Reg S		5.875%		1/30/25		B1		79,700
	200		Republic of El Salvador, Reg S		6.375%		1/18/27		B1		201,000
	45		Republic of El Salvador, Reg S		8.250%		4/10/32		B+		50,119
	75		Republic of El Salvador, Reg S		7.625%		9/21/34		B1		82,500
	53		Republic of El Salvador, Reg S		7.650%		6/15/35		B+		55,451
			Total El Salvador								1,437,343

			Ghana – 0.3%

	765		Republic of Ghana, 144A		10.750%		10/14/30		BB–		894,094

			Guatemala – 0.1%

	286		Republic of Guatemala, 144A		4.500%		5/03/26		Ba1		298,870

			Hungary – 3.1%

	590		Hungarian Development Bank, Reg S		6.250%		10/21/20		BBB–		667,299
	781		Republic of Hungary, Government Bond		6.250%		1/29/20		BBB–		877,688
	3,426		Republic of Hungary, Government Bond		6.375%		3/29/21		BBB–		3,969,877
	1,824		Republic of Hungary, Government Bond		5.375%		2/21/23		BBB–		2,090,661
	196		Republic of Hungary, Government Bond		5.750%		11/22/23		BBB–		230,790
	126		Republic of Hungary, Government Bond		7.625%		3/29/41		BBB–		197,644
			Total Hungary								8,033,959

			Iceland – 0.2%

	330		Republic of Iceland, Reg S		5.875%		5/11/22		A3		387,734

			Indonesia – 1.1%

	400		Majapahit Holdings BV, Reg S		8.000%		8/07/19		Baa3		458,000
	510		Republic of Indonesia, Reg S		5.875%		1/15/24		Baa3		601,426
	570		Republic of Indonesia, Reg S		8.500%		10/12/35		Baa3		862,747


NUVEEN			11


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			Indonesia (continued)

$	684		Republic of Indonesia, Reg S		7.750%		1/17/38		Baa3	$	989,177
			Total Indonesia								2,911,350

			Ireland – 0.1%

	200		RZD Capital Limited, Russian Railways, Reg S		5.700%		4/05/22		BBB–		217,495

			Israel – 0.3%

	350		Israel Electric Corporation Limited, 144A, Reg S		5.000%		11/12/24		Baa2		384,125
	400		State of Israel		4.500%		1/30/43		A+		456,200
			Total Israel								840,325

			Jamaica – 0.2%

	200		Jamaica Government		7.625%		7/09/25		B		234,500
	230		Jamaica Government		6.750%		4/28/28		B		262,775
			Total Jamaica								497,275

			Kazakhstan – 0.2%

	220		KazAgro National Management Holding JSC, 144A		4.625%		5/24/23		BBB–		211,728
	330		Kazakhstan Development Bank, Reg S		6.500%		6/03/20		BBB–		351,599
			Total Kazakhstan								563,327

			Kenya – 0.1%

	200		Republic of Kenya, Reg S		6.875%		6/24/24		B+		195,557

			Lebanon – 0.3%

	160		Republic of Lebanon, Reg S		5.450%		11/28/19		B–		157,917
	125		Republic of Lebanon, Reg S		6.100%		10/04/22		B–		123,210
	160		Republic of Lebanon, Reg S		6.000%		1/27/23		B–		156,192
	25		Republic of Lebanon, Reg S		6.600%		11/27/26		B–		24,533
	250		Republic of Lebanon, Reg S		6.650%		11/03/28		B–		244,800
			Total Lebanon								706,652

			Lithuania – 0.5%

	455		Republic of Lithuania, Reg S		7.375%		2/11/20		A–		540,303
	645		Republic of Lithuania, Reg S		6.125%		3/09/21		A–		761,911
			Total Lithuania								1,302,214

			Luxembourg – 0.1%

	195		Gaz Capital SA, Reg S		9.250%		4/23/19		BBB–		224,222

			Mexico – 1.0%

	655		Petroleos Mexicanos		5.500%		6/27/44		BBB+		567,820
	185		Petroleos Mexicanos		5.625%		1/23/46		BBB+		161,783
	980		Petroleos Mexicanos, 144A		6.750%		9/21/47		BBB+		976,079
	405		Petroleos Mexicanos, Reg S		6.875%		8/04/26		BBB+		456,616
	236		United Mexican States		4.750%		3/08/44		A3		245,440
	200		United Mexican States		4.350%		1/15/47		A3		197,000
			Total Mexico								2,604,738

			Mongolia – 0.4%

	325		Mongolia Government International Bond, 144A		10.875%		4/06/21		B		347,754
	200		Mongolia Government International Bond, Reg S		4.125%		1/05/18		B		191,500
	235		Mongolia Government International Bond, Reg S		10.875%		4/06/21		B		251,453
	200		Mongolia Government International Bond, Reg S		5.125%		12/05/22		B		175,509
			Total Mongolia								966,216

			Morocco – 1.1%

	215		Kingdom of Morocco, 144A		4.250%		12/11/22		BBB–		227,952


	12			NUVEEN


Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			Morocco (continued)

$	875		Kingdom of Morocco, Reg S		4.250%		12/11/22		BBB–	$	927,185
	305		Kingdom of Morocco, Reg S		5.500%		12/11/42		BBB–		348,597
	560		Office Cherifien Des Phosphates SA, Reg S		5.625%		4/25/24		BBB–		607,880
	295		Office Cherifien Des Phosphates SA, Reg S		4.500%		10/22/25		BBB–		298,552
	440		Office Cherifien Des Phosphates SA, Reg S		6.875%		4/25/44		BBB–		497,154
			Total Morocco								2,907,320

			Netherlands – 0.3%

	515		Majapahit Holdings BV, Reg S		7.875%		6/28/37		Baa3		682,375

			Nigeria – 0.2%

	425		Nigerian Republic Treasury Bond, Reg S		5.125%		7/12/18		B+		428,375

			Oman – 0.3%

	460		Oman Government International Bond, 144A		3.625%		6/15/21		Baa1		464,370
	230		Oman Government International Bond, 144A		4.750%		6/15/26		Baa1		230,805
			Total Oman								695,175

			Pakistan – 0.2%

	275		Islamic Republic of Pakistan, 144A		7.250%		4/15/19		B		289,984
	250		Islamic Republic of Pakistan, 144A		8.250%		4/15/24		B		273,727
			Total Pakistan								563,711

			Paraguay – 0.1%

	315		Republic of Paraguay, Reg S		6.100%		8/11/44		Ba1		358,313

			Panama – 0.9%

	1,416		Republic of Panama		9.375%		4/01/29		BBB		2,191,260

			Peru – 0.4%

	1,195	PEN	Republic of Peru		6.950%		8/12/31		A–		385,893
	358		Republic of Peru		8.750%		11/21/33		A3		580,854
			Total Peru								966,747

			Philippines – 0.6%

	60		Republic of the Philippines		9.500%		2/02/30		BBB		103,374
	100		Republic of the Philippines		7.750%		1/14/31		BBB		155,873
	410		Republic of the Philippines		6.375%		1/15/32		BBB		580,498
	630		Republic of the Philippines		3.950%		1/20/40		BBB		719,560
			Total Philippines								1,559,305

			Poland – 0.2%

	95		Republic of Poland		5.000%		3/23/22		A2		108,344
	335		Republic of Poland		3.250%		4/06/26		A2		354,698
			Total Poland								463,042

			Qatar – 0.5%

	550		State of Qatar, 144A		2.375%		6/02/21		AA		554,155
	355		State of Qatar, 144A		4.625%		6/02/46		AA		387,838
	200		State of Qatar, Reg S		4.625%		6/02/46		AA		216,587
			Total Qatar								1,158,580

			Romania – 1.8%

	390		Republic of Romania, 144A		6.750%		2/07/22		BBB–		470,340
	306	EUR	Republic of Romania, 144A, (WI/DD)		2.875%		5/26/28		BBB–		370,932
	400	EUR	Republic of Romania, 144A		3.875%		10/29/35		BBB–		514,597
	1,048		Republic of Romania, Reg S		6.750%		2/07/22		BBB–		1,263,887
	198		Republic of Romania, Reg S		4.375%		8/22/23		BBB–		219,087
	60	EUR	Republic of Romania, Reg S		2.875%		10/28/24		BBB–		74,469


NUVEEN			13


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)


Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			Romania (continued)
$	1,295	EUR	Republic of Romania, Reg S		3.875%		10/29/35		BBB–	$	1,666,007
			Total Romania								4,579,319

			Russia – 1.6%

	235		Gazprom Neft OAO Via GPN Capital SA, Reg S		6.000%		11/27/23		BBB–		253,495
	175		Gazprom OAO Via Gaz Capital SA, Reg S		7.288%		8/16/37		BBB–		206,192
	575		Rosneft International Finance, Reg S		4.199%		3/06/22		BB+		578,651
	1,600		Russian Federation, Reg S		5.000%		4/29/20		BBB–		1,724,981
	200		Russian Federation, Reg S		4.875%		9/16/23		BBB–		219,669
	200		Russian Federation, Reg S		4.750%		5/27/26		BBB–		214,663
	260		Russian Federation, Reg S		12.750%		6/24/28		BBB–		467,380
	400		Russian Federation, Reg S		5.875%		9/16/43		BBB–		476,390
			Total Russia								4,141,421

			Senegal – 0.1%

	200		Republic of Senegal, Reg S		8.750%		5/13/21		B+		227,076

			Serbia – 0.2%

	505		Republic of Serbia, Reg S		5.250%		11/21/17		BB–		521,413

			Slovenia – 1.4%

	1,810		Republic of Slovenia, 144A		5.850%		5/10/23		A		2,167,474
	385		Republic of Slovenia, 144A		5.250%		2/18/24		A		451,591
	760		Republic of Slovenia, Reg S		5.850%		5/10/23		A		908,658
			Total Slovenia								3,527,723

			South Africa – 0.3%

	270		Eskom Holdings Limited, Reg S		6.750%		8/06/23		BB+		277,215
	295		Republic of South Africa		5.875%		9/16/25		Baa2		334,088
	255		Republic of South Africa, (WI/DD)		4.300%		10/12/28		Baa2		252,450
			Total South Africa								863,753

			Sri Lanka – 0.8%

	505		Republic of Sri Lanka, 144A		6.850%		11/03/25		B+		541,871
	720		Republic of Sri Lanka, 144A		6.000%		1/14/19		B+		743,042
	310		Republic of Sri Lanka, Reg S		6.250%		7/27/21		B+		323,979
	200		Republic of Sri Lanka, Reg S		5.875%		7/25/22		B+		205,551
	200		Republic of Sri Lanka, Reg S		6.850%		11/03/25		B+		214,602
			Total Sri Lanka								2,029,045

			Tunisia – 0.1%

	225		Banque de Tunisie, Reg S		5.750%		1/30/25		Ba3		219,881

			Turkey – 1.8%

	290		Republic of Turkey, Government Bond		7.000%		3/11/19		BBB–		314,215
	1,945		Republic of Turkey, Government Bond		7.000%		6/05/20		BBB–		2,152,142
	245		Republic of Turkey, Government Bond		6.250%		9/26/22		BBB–		268,888
	615		Republic of Turkey, Government Bond		7.375%		2/05/25		BBB–		727,081
	295		Republic of Turkey, Government Bond		6.000%		1/14/41		BBB–		315,573
	600		Republic of Turkey, Government Bond		6.625%		2/17/45		BBB–		699,341
			Total Turkey								4,477,240

			Ukraine – 1.1%

	273		Republic of Ukraine, 144A		7.750%		9/01/20		B–		266,776
	242		Republic of Ukraine, 144A		7.750%		9/01/21		B–		234,788
	103		Republic of Ukraine, 144A		7.750%		9/01/22		B–		99,416
	103		Republic of Ukraine, 144A		7.750%		9/01/23		B–		98,880
	103		Republic of Ukraine, 144A		7.750%		9/01/24		B–		98,332
	103		Republic of Ukraine, 144A		7.750%		9/01/25		B–		97,775
	200		Republic of Ukraine, 144A		7.750%		9/01/27		B–		188,040


	14			NUVEEN


Principal Amount (000)		(10)	Description (1)	Coupon		Maturity		Ratings (6)		Value

			Ukraine (continued)

$	228		Republic of Ukraine, 144A		0.000%		5/31/40		B–	$	72,926
	450		Republic of Ukraine, Reg S		7.750%		9/01/19		B–		444,262
	100		Republic of Ukraine, Reg S		7.750%		9/01/20		B–		97,720
	105		Republic of Ukraine, Reg S		7.750%		9/01/23		B–		100,800
	215		Republic of Ukraine, Reg S		7.750%		9/01/26		B–		203,218
	360		Republic of Ukraine, Reg S		7.750%		9/01/27		B–		338,670
	200		State Savings Bank of Ukraine, Reg S		9.625%		3/20/25		CCC		190,290
	235		The State Export-Import Bank of the Ukraine, Loan Participations, Series 2010, Reg S		9.750%		1/22/25		CCC		225,060
			Total Ukraine								2,756,953

			Uruguay – 0.7%

	860		Republic of Uruguay		8.000%		11/18/22		BBB		1,106,390
	586		Republic of Uruguay		5.100%		6/18/50		BBB		607,946
			Total Uruguay								1,714,336

			Venezuela – 0.8%

	50		Petroleos de Venezuela S.A, Reg S		5.250%		4/12/17		CCC		42,625
	43		Petroleos de Venezuela S.A, Reg S		8.500%		11/02/17		CCC		37,375
	95		Petroleos de Venezuela S.A, Reg S		6.000%		5/16/24		CCC		40,480
	2,322		Petroleos de Venezuela S.A, Reg S		6.000%		11/15/26		CCC		974,902
	370		Petroleos de Venezuela S.A, Reg S		5.375%		4/12/27		CCC		154,475
	140		Petroleos de Venezuela S.A, Reg S		5.500%		4/12/37		CCC		57,540
	55		Republic of Venezuela, Reg S		7.750%		10/13/19		CCC		33,798
	305		Republic of Venezuela, Reg S		9.000%		5/07/23		CCC		155,550
	500		Republic of Venezuela, Reg S		8.250%		10/13/24		CCC		246,250
	710		Republic of Venezuela, Reg S		9.250%		5/07/28		CCC		365,650
			Total Venezuela								2,108,645

			Vietnam – 0.1%

	255		Socialist Republic of Vietnam, Reg S		4.800%		11/19/24		BB–		270,685
			Total Emerging Market Debt and Foreign Corporate Bonds (cost $86,081,120)								91,454,625
			Total Long-Term Investments (cost $321,590,641)								359,689,724

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

			SHORT-TERM INVESTMENTS – 7.0% (4.7% of Total Investments)

			REPURCHASE AGREEMENTS – 7.0% (4.7% of Total Investments)

$	9,929		Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/16, repurchase price $9,929,406, collateralized by $8,680,000 U.S. Treasury Bonds, 3.000%, due 11/15/45, value $10,133,900		0.030%		10/03/16			$	9,929,381
	7,871		Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/16, repurchase price $7,870,829, collateralized by $6,360,000 U.S. Treasury Bonds, 8.500%, due 2/15/20, value $8,030,492		0.030%		10/03/16				7,870,809
$	17,800		Total Short-Term Investments (cost $17,800,190)								17,800,190
			Total Investments (cost $339,390,831) – 147.9%								377,489,914
			Borrowings – (44.0)% (12), (13)								(112,400,000	)
			Other Assets Less Liabilities – (3.9)% (14)								(9,773,573	)
			Net Assets Applicable to Common Shares – 100%							$	255,316,341


NUVEEN			15


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 2016 (Unaudited)

Investments in Derivatives as of September 30, 2016

Options Written


Number of Contracts			Description	Notional Amount (15)			Expiration Date		Strike Price		Value
	(278	)	National CineMedia Inc.	$	(486,500	)		12/16/16	$	17.5	$	(2,780	)
	(113	)	Nordstrom, Inc.		(593,250	)		10/21/16		52.5		(13,504	)
	(67	)	The Interpublic Group of Companies, Inc.		(167,500	)		10/21/16		25.0		(670	)
	(458	)	Total Options Written (premiums received $28,103)	$	(1,247,250	)					$	(16,954	)

Forward Foreign Currency Exchange Contracts


Counterparty	Currency Contracts to Deliver		Notional Amount (Local Currency)		In Exchange For Currency		Notional Amount (Local Currency)		Settlement Date		Unrealized Appreciation (Depreciation) (U.S. Dollars)
Commonwealth Bank of Australia		Euro		977,000		U.S. Dollar		1,100,757		12/21/16	$	(722	)
Credit Suisse International		Euro		977,000		U.S. Dollar		1,100,801		12/21/16		(678	)
HSBC Bank USA, N.A.		Euro		10,000		U.S. Dollar		11,213		12/21/16		(61	)
Morgan Stanley & Co. LLC		Euro		332,000		U.S. Dollar		373,742		12/21/16		(558	)
Royal Bank of Canada		Euro		977,000		U.S. Dollar		1,100,364		12/21/16		(1,114	)
Standard Chartered Bank		Peruvian Nuevo Sol		1,088,000		U.S. Dollar		315,545		12/21/16		(3,205	)
State Street Bank and Trust		Colombian Peso		555,117,000		U.S. Dollar		183,525		12/21/16		(6,464	)
State Street Bank and Trust		Euro		977,000		U.S. Dollar		1,100,542		12/21/16		(937	)
											$	(13,739	)

Futures Contracts


Description	Contract Position		Number of Contracts			Contract Expiration		Notional Amount at Value			Variation Margin Receivable/ (Payable)			Unrealized Appreciation (Depreciation)
Eurex Euro-Bobl		Short		(5	)		12/16	$	(741,916	)	$	279		$	(1,465	)
Eurex Euro-Bund		Short		(6	)		12/16		(1,116,834	)		(5,950	)		(5,950	)
Eurex Euro-Buxl		Short		(9	)		12/16		(1,942,968	)		592			(10,367	)
U.S. Treasury 10-Year Note		Short		(3	)		12/16		(393,375	)		1,266			1,167
				(23	)			$	(4,195,093	)	$	(3,813	)	$	(16,615	)

Interest Rate Swaps


Counterparty	Notional Amount		Fund Pay/Receive Floating Rate		Floating Rate Index		Fixed Rate (Annualized)			Fixed Rate Payment Frequency		Effective Date (16)		Optional Termination Date		Termination Date		Value			Unrealized Appreciation (Depreciation)
JPMorgan Chase Bank, N.A.	$	30,450,000		Receive		1-Month USD-LIBOR-ICE		1.462	%		Monthly		1/03/17		12/01/18		12/01/20	$	(707,979	)	$	(978,059	)
JPMorgan Chase Bank, N.A.		30,450,000		Receive		1-Month USD-LIBOR-ICE		1.842			Monthly		1/03/17		12/01/20		12/01/22		(1,513,062	)		(1,909,445	)
	$	60,900,000																$	(2,221,041	)	$	(2,887,504	)

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.


	16			NUVEEN


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 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	$	50,883,077		$	28,512,177		$	—	*	$	79,395,254
Real Estate Investment Trust (REIT) Common Stocks		96,390,563			—			—			96,390,563
Convertible Preferred Securities		1,741,365			3,562,240			—			5,303,605
$25 Par (or similar) Retail Preferred		1,134,463			—			—			1,134,463
$1,000 Par (or similar) Institutional Preferred		—			3,418,789			—			3,418,789
Variable Rate Senior Loan Interests		—			82,487,980			—			82,487,980
Corporate Bonds		—			104,445			—			104,445
Emerging Market Debt and Foreign Corporate Bonds		—			91,454,625			—			91,454,625

Short-Term Investments:
Repurchase Agreements		—			17,800,190			—			17,800,190

Investments in Derivatives:
Options Written		(16,954	)		—			—			(16,954	)
Forward Foreign Currency Exchange Contracts**		—			(13,739	)		—			(13,739	)
Futures Contracts**		(16,615	)		—			—			(16,615	)
Interest Rate Swaps**		—			(2,887,504	)		—			(2,887,504	)
Total	$	150,115,899		$	224,439,203		$	—		$	374,555,102

*	Value equals zero as of the end of the reporting period.

**	Represents net unrealized appreciation (depreciation).

The table below presents the transfers in and out of the three valuation levels for the Funds as of the end of the reporting period when compared to the valuation levels at 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	$	974,471	$	(2,347,768	)	$	2,347,768	$	(974,471	)	$	—	$	—

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 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, 2016, the cost of investments (excluding investments in derivatives) was $343,531,938.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of September 30, 2016, were as follows:


Gross unrealized:
Appreciation	$	45,114,539
Depreciation		(11,156,563	)
Net unrealized appreciation (depreciation) of investments	$	33,957,976


NUVEEN			17


JDD	Nuveen Diversified Dividend and Income Fund
	Portfolio of Investments (continued)	September 30, 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 applicable to common shares unless otherwise noted.

(2)	Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives.

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

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

(5)	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.

(6)

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.

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

(8)

Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. The rate shown is the coupon as of the end of the reporting period.

(9)

Senior loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a borrower to prepay, prepayments of senior loans may occur. As a result, the actual remaining maturity of senior loans held may be substantially less than the stated maturities shown.

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

(11)

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.

(12)	Borrowings as a percentage of Total Investments is 29.8%.

(13)	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.

(14)	Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC-cleared and exchange-traded derivatives, when applicable. Other assets less liabilities also includes the value of options.

(15)	For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.

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

(DD1)

Portion of investment purchased on a delayed delivery basis.

(WI/DD)

Purchased on a when-issued or delayed delivery basis.

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.

ADR	American Depositary Receipt.

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.

TBD

Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will provide the Fund with the final coupon rate and maturity date.

BRL	Brazilian Real

COP	Colombian Peso

EUR

Euro

PEN	Peruvian Nuevo Sol

USD-LIBOR-ICE

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


	18			NUVEEN

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 Diversified Dividend and Income Fund

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

Date: November 29, 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/ Cedric H. Antosiewicz
		Cedric H. Antosiewicz
		Chief Administrative Officer (principal executive officer)

Date: November 29, 2016

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

Date: November 29, 2016