Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 41

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 41
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 2. Futures contracts are valued using the closing settlement price or, in the absence of such a price, the last traded price and are generally classified as Level 1. Swap contracts are marked‑to‑market daily based upon a price supplied by a pricing service. Swaps are generally classified as Level 2. 86

For any portfolio security or derivative for which market quotations are not readily available or for which the Adviser deems the valuations derived using the valuation procedures described above not to reflect fair value, the Adviser will determine a fair value in good faith using alternative procedures approved by the Adviser, subject to the oversight of the Board. As a general principle, the fair value of a security is the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. To the extent the inputs are observable and timely, the values would be classified as Level 2; otherwise they would be classified as Level 3. The following table summarizes the market value of the Funds’ investments as of the end of the current fiscal period, based on the inputs used to value them:

| JFR                                    
 Long-Term Investments:                 |     |   |     Level 1 |     |   |       Level 2 |     |   |   Level 3 |     |   |         Total |
|:---------------------------------------|:----|:--|------------:|:----|:--|--------------:|:----|:--|----------:|:----|:--|--------------:|
| Asset-Backed Securities                |     | $ |           – |     | $ |     6,817,137 |     | $ |         – |     | $ |     6,817,137 |
| Common Stocks                          |     |   |   5,344,732 |     |   |    14,762,205 |     |   |   595,629 |     |   |    20,702,566 |
| Corporate Bonds                        |     |   |           – |     |   |   248,439,050 |     |