# EDGAR Filing Document

**Accession Number:** 0002035726
**File Stem:** 0001193125-26-210871
**Filing Date:** 2026-5
**Character Count:** 106328
**Document Hash:** 48e750c5d0d4d77d11e9b24dcedf0c90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-210871.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001193125-26-210871

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuveen Enhanced CLO Income Fund
- **CENTRAL INDEX KEY:** 0002035726

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23999
- **FILM NUMBER:** 26951587

**BUSINESS ADDRESS:**
- **STREET 1:** 333 WEST WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3129178146

**MAIL ADDRESS:**
- **STREET 1:** 333 WEST WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR** 

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED** 

**MANAGEMENT INVESTMENT COMPANIES** 

Investment Company Act file number   <u>811-23999</u>

Nuveen Enhanced CLO Income Fund

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Mark L. Winget

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:   <u>(800) 257-8787</u>

Date of fiscal year end:   <u>August 31</u>

Date of reporting period:   <u>February 28, 2026</u>

------

**Item 1.** **Reports to Stockholders.** <br>

------

Interval

Funds

Nuveen

Interval

Funds

February

28,

2026

Semi-Annual

Report

This

semi-annual

report

contains

the

Fund's

unaudited

financial

statements.

Fund

Name

Class

A1

Class

A2

Class

I

Nuveen

Enhanced

CLO

Income

Fund

NCLYX

NCLZX

NCLOX

Table

of

Contents

Important

Notices

Common

Share

Information

About

the

Fund's

Benchmark

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

Expense

Examples

Portfolio

of

Investments

Statement

of

Assets

and

Liabilities

Statement

of

Operations

Statement

of

Changes

in

Net

Assets

Financial

Highlights

Notes

to

Financial

Statements

Additional

Fund

Information

Glossary

of

Terms

Used

in

this

Report

Important

Notices

Portfolio

manager

commentaries:

The

Fund

includes

portfolio

manager

commentary

in

its

annual

shareholder

report.

For

your

Fund's

most

recent

annual

portfolio

manager

discussion,

please

refer

to

the

Discussion

of

Fund

Performance

section

of

the

Fund's

annual

shareholder

report.

Fund

changes:

For

changes

that

occurred

to

your

Fund

both

during

and

after

this

reporting

period,

please

refer

to

the

Notes

to

Financial

Statements

section

of

this

report.

Fund

principal

investment

policies

and

principal

risks:

Refer

to

the

Fund's

prospectus

on

the

Fund's

website

at

www.nuveen.

com

for

information

on

the

Fund's

principal

investment

policies

and

principal

risks.

Fund

performance:

For

current

information

on

your

Fund's

average

annual

total

returns

please

refer

to

the

Fund's

website

at

www.

nuveen.com

.

For

average

annual

total

returns

as

of

the

end

of

this

reporting

period,

please

refer

to

the

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

section

within

this

report.

Common

Share

Information

COMMON

SHARE

DISTRIBUTION

INFORMATION

The

following

information

regarding

the

Fund's

distributions

is

current

as

of

February

28,

2026. The

Fund's

distribution

levels

may

vary

over

time

based

on

the

Fund's

investment

activity

and

portfolio

investments

value

changes.

During

the

current fiscal

period,

the

Fund's

distributions

to

common

shareholders

were

as

shown

in

the

accompanying

table.

The

Fund

intends

to

declare

distributions

daily

and

pay

such

distributions

monthly

out

of

its

net

investment

income

at

a

rate

that

reflects

its

past

and

projected

net

income

performance.

To

permit

the

Fund

to

maintain

a

more

stable

monthly

dividend,

the

Fund

may

pay

dividends

at

a

rate

that

may

be

more

or

less

than

the

amount

of

net

income

actually

earned

by

the

Fund

during

the

period.

Distributions

to

common

shareholders

are

determined

on

a

tax

basis,

which

may

differ

from

amounts

recorded

in

the

accounting

records.

In

instances

where

the

monthly

dividend

exceeds

the

earned

net

investment

income,

the

Fund

would

report

a

negative

undistributed

net

ordinary

income.

Refer

to the

Notes

to

Financial

Statements for

additional

information

regarding

the

amounts

of

undistributed

net

ordinary

income

and

undistributed

net

long-term

capital

gains

and

the

character

of

the

actual

distributions

paid

by

the

Fund

during

the

period.

REPURCHASE

OFFER

In

order

to

provide

liquidity

to

common

shareholders,

the

Fund

has

adopted

a

fundamental

investment

policy,

which

may

only

be

changed

by

a

majority

vote

of

shareholders,

to

make

quarterly

offers

to

repurchase

between

5%

and

25%

of

its

outstanding

Common

Shares

at

NAV,

reduced

by

any

applicable

repurchase

fee.

Subject

to

approval

of

the

Board,

for

each

quarterly

repurchase

offer,

the

Fund

currently

expects

to

offer

to

repurchase

7.5%

of

the

outstanding

Common

Shares

at

NAV.

The

Fund

does

not

currently

expect

to

charge

a

repurchase

fee.

Refer

to

the

Notes

to

Financial

Statements

for

further

details

on

the

Fund's

repurchase

offer.

Monthly

Distributions

(Ex-Dividend

Date)

Class

A1

Class

A2

Class

I

September

2025

$

0.1710 $

0.1755 $

0.1835 October

2025

0.1710 0.1755 0.1835 November

2025

0.1710 0.1755 0.1835 December

2025

0.4013 0.4053 0.4133 January

2026

0.1715 0.1755 0.1835 February

2026

0.1715 0.1755 0.1835 Total

Distributions

from

Net

Investment

Income

$

1.2573 $

1.2828 $

1.3308 Class

A1

Class

A2

Class

I

Distribution

Rate

on

NAV\*

11.69%

11.97%

12.51%

\*Distribution

rate

represents

the

latest

declared

distribution,

annualized,

divided

by

the

Fund's

current

net

asset

value

(NAV)

as

of

the

end

of

the

reporting

period.

About

the

Fund's

Benchmark

S&P

UBS

Leveraged

Loan

Index

:

An

index

designed

to

measure

the

performance

of

the

USD-denominated

leveraged

loan

market.

The

index

includes

issuers

from

developed

countries;

issuers

from

developing

countries

are

excluded.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

The

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

for

the

Fund

are

shown

within

this

section

of

the

report.

Fund

Performance

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Investment

returns

and

principal

value

will

fluctuate

so

that

when

shares

are

repurchased,

they

may

be

worth

more

or

less

than

their

original

cost.

Current

performance

may

be

higher

or

lower

than

the

performance

shown.

Total

returns

for

a

period

of

less

than

one

year

are

not

annualized

(i.e.

cumulative

returns).

Since

inception

returns

are

shown

for

share

classes

that

have

less

than

10-years

of

performance.

Returns

at

NAV

would

be

lower

if

the

sales

charge

were

included.

Returns

assume

reinvestment

of

dividends

and

capital

gains.

For

performance,

current

to

the

most

recent

month-end

visit

nuveen.com

or

call

(800) 257-8787.

Returns

do

not

reflect

the

deduction

of

taxes

that

a

shareholder

would

pay

on

Fund

distributions

or

the

repurchase

of

Fund

shares.

Income

is

generally

exempt

from

regular

federal

income

taxes.

Some

income

may

be

subject

to

state

and

local

income

taxes

and

to

the

federal

alternative

minimum

tax.

Capital

gains,

if

any,

are

subject

to

tax.

Returns

may

reflect

fee

waivers

and/or

expense

reimbursements

by

the

investment

adviser

during

the

periods

presented.

If

any

such

waivers

and/or

reimbursements

had

not

been

in

place,

returns

would

have

been

reduced.

See

Notes

to

Financial

Statements

for

more

information.

Returns

reflect

differences

in

sales

charges

and

expenses,

which

are

primarily

differences

in

distribution

and

service

fees,

and

assume

reinvestment

of

dividends

and

capital

gains.

Comparative

index

and

Lipper

return

information

is

provided

for

Class

A1

Shares

at

NAV

only.

Expense

Ratios

The

expense

ratios

shown

are

as

of

the

Fund's

most

recent

prospectus.

The

expense

ratios

shown

reflect

total

operating

expenses

(before

fee

waivers

and/or

expense

reimbursements,

if

any).

The

expense

ratios

include

management

fees

and

other

fees

and

expenses.

Refer

to

the

Financial

Highlights

later

in

this

report

for

the

Fund's

expense

ratios

as

of

the

end

of

the

reporting

period.

Holdings

Summaries

The

Holdings

Summaries

data

relates

to

the

securities

held

in

the

Fund's

portfolio

of

investments

as

of

the

end

of

this

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

Refer

to

the

Fund's

Portfolio

of

Investments

for

individual

security

information.

The

Fund

uses

credit

quality

ratings

for

its

portfolio

securities

provided

by

Standard

&

Poor's

Group,

Moody's

Investors

Service,

Inc.

and

Fitch,

Inc.

If

all

three

provide

a

rating

for

a

security,

the

middle

is

used;

if

two

of

the

three

agencies

rate

a

security,

the

lower

rating

is

used;

and

if

only

one

rating

agency

rates

a

security,

that

rating

is

used.

Credit

ratings

are

subject

to

change.

AAA,

AA,

A

and

BBB

are

investment

grade

ratings;

BB,

B,

CCC,

CC,

C

and

D

are

below-investment

grade

ratings.

Holdings

designated

N/R

are

not

rated

by

these

national

rating

agencies.

Nuveen

Enhanced

CLO

Income

Fund

(continued)

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

February

28,

2026

Fund

Performance\*

and

Expense

Ratios

\*

Effective

on

the

close

of

business

on

January

10,

2025,

all

of

the

assets

of

a

Cayman

Islands

exempted

limited

partnership

through

which

a

private

fund

invested

(the

"Predecessor

Fund")

were

transferred

to

the

Fund

(the

"Reorganization")

and

the

Fund

com-

menced

investment

operations.

Performance

portrayed

prior

to

the

date

of

the

Reorganization

reflects

the

Predecessor

Fund

which

commenced

investment

operations

on

September

30,

2022. The

Predecessor

Fund

was

not

registered

under

the

Investment

Com-

pany

Act

of

1940,

as

amended

(the

"1940

Act"),

and

therefore

was

not

subject

to

certain

investment

restrictions

imposed

by

the

1940

Act

on

registered

investment

companies.

If

the

Predecessor

Fund

had

been

registered

under

the

1940

Act,

the

Predecessor

Fund's

performance

may

have

been

adversely

affected.

The

performance

for

the

Predecessor

Fund

has

not

been

restated

to

reflect

the

current

expenses

of

the

Fund.

If

the

current

expenses

of

the

Fund

had

been

reflected,

the

performance

of

the

Predecessor

Fund

would

have

been

different

because

the

Fund

has

different

expenses

than

the

Predecessor

Fund.

For

purposes

of

Fund

perfor-

mance,

relative

results

are

measured

against

the

S&P

UBS

Leveraged

Loan

Index.

\*\*

Class

A1

Shares

have

a

maximum

2.50%

sales

charge

(Offering

Price).

Class

A1

Share

purchases

of

$250,000

or

more

are

sold

at

net

asset

value

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(CDSC)

of

1.50%

if

repur-

chased

before

the

first

day

of

the

month

in

which

the

one-year

anniversary

of

the

purchase

falls.

Class

A2

and

Class

I

Shares

have

no

sales

charge

and

may

be

purchased

under

limited

circumstances

or

by

specified

classes

of

investors.

\*\*\*

The

expense

ratios

reflect

the

expenses

of

the

Fund

and

not

the

Predecessor

Fund.

The

Fund's

investment

adviser

has

contrac-

tually

agreed

to

waive

fees

and/or

reimburse

Fund

expenses

through

July

31,

2027

so

that

total

annual

Fund

operating

expenses

(excluding

distribution

and/or

service

fees

that

may

be

applicable

to

a

particular

class

of

shares,

issuance

and

dividend

costs

of

preferred

shares

that

may

be

issued

by

the

Fund,

interest

expense,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquir-

ing

and

disposing

of

portfolio

securities,

litigation

expenses

and

extraordinary

expenses)

do

not

exceed

1.50%

of

the

average

daily

managed

assets

of

any

class

of

Fund

shares.

This

expense

limitation

may

be

terminated

or

modified

prior

to

that

date

only

with

the

approval

of

the

Board

of

Trustees

of

the

Fund.

\*\*\*\*

The

inception

date

for

the

performance

information

in

the

table

is

September

30,

2022,

the

date

the

Predecessor

Fund

com-

menced

investment

operations.

Total

Returns

as

of

February

28,

2026\*\*

Expense

Ratios\*\*\*

Cumulative

Average

Annual

Performance

Inception

Date\*\*\*\*

6-Month

1-Year

Since

Inception\*\*\*\*

Gross

Net

Class

A1

at

NAV

9/30/22

(4.31)%

(1.28)%

10.41%

2.29%

2.23%

Class

A1

at

maximum

Offering

Price

9/30/22

(6.70)%

(3.75)%

9.59%

—

—

S&P

UBS

Leveraged

Loan

Index

—

0.57%

3.88%

8.52%

—

—

Class

A2

9/30/22

(4.18)%

(1.07)%

10.50%

2.04%

1.98%

Class

I

9/30/22

(3.98)%

(0.57)%

10.68%

1.54%

1.48%

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

February

28,

2026

(continued)

Holdings

Fund

Allocation

(%

of

net

assets)

Asset-Backed

Securities

.0

%

Exchange-Traded

Funds

.0

%

Repurchase

Agreements

.9

%

Other

Assets

&

Liabilities,

Net

(1.9)%

Net

Assets

%

Portfolio

Credit

Quality

(%

of

total

investments)

A

4.3%

BBB

9.9%

BB

or

Lower

58.2%

N/R

(not

rated)

19.8%

N/A

(not

applicable)

7.8%

Total

%

Expense

Examples

As

a

shareholder

of

the

Fund,

you

incur

two

types

of

costs:

(1) transaction

costs, including

up-front

and

back-end

sales

charges

(loads)

or

redemption

fees,

where

applicable;

and

(2) ongoing

costs,

including

management

fees;

distribution

and

service

(12b-1)

fees,

where

applicable;

and

other

Fund

expenses.

The

Examples

below

are

intended

to

help

you

understand

your

ongoing

costs

(in

dollars)

of

investing

in

the

Fund

and

to

compare

these

costs

with

the

ongoing

costs

of investing

in

other

mutual

funds.

The

examples

are

based

on

an

investment

of

$10,000

invested

at

the

beginning and

held

for

the

entire

reporting

period.

The

examples

are

also

based

on

the

Fund's

actual

expenses,

which

may

vary

from

the

expense

rates

shown

in

the

Fund's

prospectus.

What

were

the

Fund's

costs

for

the

last

six

months?

(based

on

a

hypothetical

$10,000

investment)

Cost

of

a

$10,000

investment

Cost

paid

as

a

percentage

of

$10,000

investment\*

Class

A1

Shares

$110

2.25%

Class

A2

Shares

$98

2.00%

Class

I

Shares

$74

1.50%

\*

Annualized

for

period

less

than

one

year.

Portfolio

of

Investments

February

28,

2026

Enhanced

CLO

Income

See

Notes

to

Financial

Statements

(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

96.0%

ASSET-BACKED

SECURITIES

-

94.0%

–

$

3,000,000

(a),(b)

AIMCO

CLO,

Series

2018

AA,

(TSFR3M

+

2.850%)

.518

%

10/17/37

$

3,016,662

1,000,000

(a),(b)

AIMCO

CLO,

Series

2018

AA,

(TSFR3M

+

5.250%)

.918

10/17/37

1,007,948

3,000,000

(a),(b)

Allegany

Park

CLO

Ltd,

Series

2019

1A,

(TSFR3M

+

6.400%)

.068

01/20/35

2,846,598

2,500,000

(a),(b)

Allegro

CLO

XIII

Ltd,

Series

2021

1A,

(TSFR3M

+

6.300%)

.968

07/20/38

2,507,392

2,500,000

(a),(b)

Allegro

CLO

XV

Ltd,

Series

2022

1A,

(TSFR3M

+

5.500%)

.811

04/20/38

2,366,495

1,714,459

(a),(b),(c)

Anchorage

Capital

CLO

Ltd,

Series

2021

19A

.320

10/15/38

886,771

1,000,000

(a),(b)

Apidos

CLO

LI

Ltd,

Series

2024

51A,

(TSFR3M

+

1.750%)

.418

01/20/38

1,002,048

500,000

(a),(b)

Apidos

CLO

XLVI

Ltd,

Series

2023

46A,

(TSFR3M

+

4.850%)

.762

10/24/38

493,682

2,000,000

(a),(b)

ARES

CLO

Ltd,

Series

2025

78A,

(TSFR3M

+

5.100%)

.837

01/15/39

1,977,898

2,000,000

(a),(b),(c)

ARES

LX

CLO

LTD,

Series

2021

60A

.108

07/18/34

673,198

1,000,000

(a),(b)

ARES

LX

CLO

LTD,

Series

2021

60A,

(TSFR3M

+

2.850%)

.518

07/18/34

1,001,037

750,000

(a),(b)

Ares

LXIII

CLO

Ltd,

Series

2022

63A,

(TSFR3M

+

6.000%)

.672

10/15/38

715,191

2,000,000

(a),(b),(c),(d)

ARES

XLV

CLO

Ltd,

Series

2017

45A

.000

10/15/30

28,160

3,000,000

(a),(b)

Ares

XXXIV

CLO

Ltd,

Series

2015

2A,

(TSFR3M

+

5.500%)

.168

07/17/38

2,943,510

750,000

(a),(b)

Barings

CLO

Ltd

2019-III,

Series

2019

3A,

(TSFR3M

+

5.850%)

.175

01/20/36

726,125

1,000,000

(a),(b)

Barings

CLO

Ltd

2023-II,

Series

2023

2A,

(TSFR3M

+

5.100%)

.768

10/20/38

1,002,722

3,000,000

(a),(b)

Basswood

Park

CLO

Ltd,

Series

2021

1A,

(I/O)

.497

04/20/34

42,663

3,000,000

(a),(b)

Basswood

Park

CLO

Ltd,

Series

2021

1A,

(I/O)

.158

04/20/34

18,369

3,000,000

(a),(b),(c)

Basswood

Park

CLO

Ltd,

Series

2021

1A

.680

04/20/34

814,701

1,000,000

(a),(b)

Battalion

CLO

XI

Ltd,

Series

2017

11A,

(LIBOR

M

+

7.112%)

.034

04/24/34

768,323

2,500,000

(a),(b)

Benefit

Street

Partners

CLO

IX

Ltd,

Series

2016

9A,

(TSFR3M

+

5.900%)

.568

10/20/37

2,445,892

1,500,000

(a),(b)

Benefit

Street

Partners

CLO

X

Ltd,

Series

2016

10A,

(TSFR3M

+

5.000%)

.668

07/20/38

1,442,701

2,000,000

(a),(b)

Benefit

Street

Partners

CLO

XXXVIII

Ltd,

Series

2024

38A,

(TSFR3M

+

4.000%)

.668

01/25/38

1,945,874

1,000,000

(a),(b)

Boyce

Park

CLO

Ltd,

Series

2022

1A,

(TSFR3M

+

6.250%)

.920

04/21/35

884,844

32,150,000

(a),(b),(c),(d)

Buttermilk

Park

CLO

Ltd,

Series

2018

1A

.000

10/15/31

568,444

1,778,000

(a),(b),(c),(d)

CARLYLE

US

CLO

2018-2

Ltd,

Series

2018

2A

.000

10/15/31

20,891

1,000,000

(a),(b)

CARLYLE

US

CLO

2021-2

Ltd,

Series

2021

2A,

(TSFR3M

+

2.850%)

.518

04/20/38

974,810

962,000

(a),(b)

Carlyle

US

CLO

2022-4

Ltd,

Series

2022

4A,

(TSFR3M

+

6.750%)

.376

07/25/36

953,433

1,000,000

(a),(b)

Carlyle

US

CLO

2023-3

Ltd,

Series

2023

3A,

(TSFR3M

+

5.400%)

.072

10/15/40

940,146

750,000

(a),(b)

Cayuga

Park

CLO

Ltd,

Series

2020

1A,

(TSFR3M

+

5.500%)

.168

10/17/38

683,565

1,500,000

(a),(b),(c)

CIFC

Funding

2017-III

Ltd,

Series

2017

3A

.476

04/20/37

323,094

6,825,000

(a),(b),(c)

CIFC

Funding

2018-II

Ltd,

Series

2018

2A

.259

10/20/37

2,430,621

4,250,000

(a),(b)

CIFC

Funding

2019-I

Ltd,

Series

2019

1A,

(TSFR3M

+

5.750%)

.418

10/20/37

4,206,051

2,775,000

(a),(b)

CIFC

Funding

2020-I

Ltd,

Series

2020

1A,

(TSFR3M

+

6.512%)

.184

07/15/36

2,783,891

2,500,000

(a),(b)

CIFC

Funding

2021-I

Ltd,

Series

2021

1A,

(TSFR3M

+

6.000%)

.668

07/25/37

2,475,075

1,216,700

(a),(b),(c)

CIFC

Funding

2021-II,

Series

2021

2A

.212

04/15/34

573,910

2,250,000

(a),(b)

CIFC

Funding

2021-IV

Ltd,

Series

2021

4A,

(TSFR3M

+

6.200%)

.871

07/23/37

2,188,278

1,675,000

(a),(b)

CIFC

Funding

2021-VI

Ltd,

Series

2021

6A,

(TSFR3M

+

6.512%)

.184

10/15/34

1,653,632

2,000,000

(a),(b)

CIFC

Funding

2024-V

Ltd,

Series

2024

5A,

(TSFR3M

+

2.850%)

.519

01/22/38

1,994,000

1,000,000

(a),(b)

CIFC

Funding

Ltd,

Series

2025

7A,

(TSFR3M

+

4.750%)

.452

01/22/39

987,576

1,500,000

(a),(b)

Elmwood

CLO

Ltd,

Series

2022

1A,

(TSFR3M

+

5.500%)

.168

10/20/38

1,482,867

2,000,000

(a),(b)

Elmwood

CLO

Ltd,

Series

2024

1A,

(TSFR3M

+

6.450%)

.118

04/18/37

2,013,730

2,000,000

(a),(b),(c)

Elmwood

CLO

I

Ltd,

Series

2019

1A

.050

04/20/37

1,058,952

750,000

(a),(b)

Elmwood

CLO

VI

Ltd,

Series

2020

3A,

(TSFR3M

+

5.900%)

.784

07/18/37

740,380

5,000,000

(a),(b)

Elmwood

CLO

VII

Ltd,

Series

2020

4A,

(TSFR3M

+

5.900%)

.568

10/17/37

4,791,300

3,000,000

(a),(b)

Elmwood

CLO

VIII

Ltd,

Series

2021

1A,

(TSFR3M

+

6.250%)

.918

04/20/37

2,930,076

2,000,000

(a),(b)

Galaxy

CLO

Ltd,

Series

2023

32A,

(TSFR3M

+

5.850%)

.523

01/20/39

2,009,792

1,000,000

(a),(b)

Galaxy

XXV

CLO

Ltd,

Series

2018

25A,

(TSFR3M

+

5.750%)

.418

04/25/36

966,051

1,000,000

(a),(b)

Goldentree

Loan

Management

US

Clo

Ltd,

Series

2021

11A,

(TSFR3M

+

7.762%)

.563

10/20/34

935,404

1,500,000

(a),(b)

Goldentree

Loan

Management

US

CLO

Ltd,

Series

2022

12A,

(TSFR3M

+

5.700%)

.368

07/20/37

1,480,518

18,900,000

(a),(b),(c)

Hamlin

Park

CLO

Ltd,

Series

2024

1A

.102

10/20/37

11,407,832

37,700,000

(a),(b),(c)

Hamlin

Park

CLO

Ltd,

Series

2024

1A

.321

10/20/37

261,412

See

Notes

to

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ASSET-BACKED

SECURITIES

(continued)

$

2,000,000

(a),(b)

Invesco

US

CLO

2023-1

Ltd,

Series

2023

1A,

(TSFR3M

+

6.900%)

.569

%

04/22/37

$

1,921,664

1,500,000

(a),(b)

KKR

CLO

Ltd,

Series

2018

22A,

(TSFR3M

+

6.262%)

.929

07/20/31

1,471,723

5,000,000

(a),(b),(c)

KKR

CLO

Ltd,

Series

2020

32A

.215

04/15/37

1,681,275

1,000,000

(a),(b)

KKR

CLO

Ltd,

Series

2024

32A,

(TSFR3M

+

5.300%)

.972

04/15/37

1,002,978

4,000,000

(a),(b)

KKR

CLO

Ltd,

Series

E

40A,

(TSFR3M

+

7.250%)

.918

10/20/34

3,665,424

500,000

(a),(b)

Madison

Park

Funding

LI

Ltd,

Series

2021

51A,

(TSFR3M

+

2.900%)

.784

10/19/38

491,938

750,000

(a),(b)

Madison

Park

Funding

XXVIII

Ltd,

Series

2018

28A,

(TSFR3M

+

6.350%)

.022

01/15/38

686,563

1,250,000

(a),(b),(e)

Magnetite

LV

Ltd,

Series

2026

55A,

(TSFR3M

+

5.000%)

.000

04/15/39

1,253,125

750,000

(a),(b)

Magnetite

XIX

Ltd,

Series

2017

19A,

(TSFR3M

+

5.100%)

.768

04/17/34

744,809

1,500,000

(a),(b)

Magnetite

Xli

Ltd,

Series

2024

41A,

(TSFR3M

+

1.780%)

.448

01/25/38

1,504,398

1,500,000

(a),(b)

Magnetite

XXIII

Ltd,

Series

2019

23A,

(TSFR3M

+

1.600%)

.247

01/25/35

1,501,834

2,000,000

(a),(b)

Magnetite

XXXV

Ltd,

Series

2022

35A,

(TSFR3M

+

4.800%)

.518

01/25/39

1,975,314

750,000

(a),(b)

MidOcean

Credit

CLO

XVI,

Series

2024

16A,

(TSFR3M

+

2.000%)

.269

10/20/37

750,989

1,250,000

(a),(b)

Midocean

Credit

Clo

XX,

Series

2025

20A,

(TSFR3M

+

5.000%)

.731

01/20/39

1,234,794

7,750,000

(a),(b)

Neuberger

Berman

CLO

XXI

Ltd,

Series

2016

21A,

(TSFR3M

+

5.250%)

.918

01/20/39

7,665,913

4,135,000

(a),(b),(c)

Neuberger

Berman

CLO

XXI

Ltd,

Series

2016

21A

.189

01/20/39

1,990,469

3,000,000

(a),(b)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

Series

2017

24A,

(TSFR3M

+

7.000%)

.670

10/19/38

3,039,372

500,000

(a),(b)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

Series

2019

33A,

(TSFR3M

+

5.500%)

.394

04/16/39

494,549

2,500,000

(a),(b)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

Series

2019

34A,

(TSFR3M

+

5.000%)

.668

07/20/39

2,471,400

1,775,000

(a),(b)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

Series

2021

40A,

(TSFR3M

+

5.150%)

.821

10/16/37

1,758,079

1,500,000

(a),(b)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

Series

2021

41A,

(TSFR3M

+

5.750%)

.422

04/15/34

1,477,685

750,000

(a),(b)

Neuberger

Berman

Loan

Advisers

Clo

Ltd,

Series

2021

42A,

(TSFR3M

+

2.500%)

.171

07/16/36

743,577

1,250,000

(a),(b)

Neuberger

Berman

Loan

Advisers

Clo

Ltd,

Series

2022

51A,

(TSFR3M

+

5.700%)

.371

10/23/36

1,236,715

2,000,000

(a),(b)

Neuberger

Berman

Loan

Advisers

CLO

Ltd,

Series

2024

55A,

(TSFR3M

+

6.500%)

.169

04/22/38

2,015,638

1,550,000

(a),(b)

Neuberger

Berman

Loan

Advisers

Clo

Ltd,

Series

2025

61A,

(TSFR3M

+

1.800%)

.468

07/17/39

1,556,750

1,500,000

(a),(b)

Neuberger

Berman

Loan

Advisers

LaSalle

Street

Lending

CLO

II

Ltd,

Series

2024

2A,

(TSFR3M

+

7.500%)

.168

04/20/38

1,507,644

1,750,000

(a),(b)

Neuberger

Berman

Loan

Advisers

NBLA

CLO

Ltd,

Series

2022

52A,

(TSFR3M

+

6.000%)

.668

10/24/38

1,732,113

500,000

(a),(b)

OCP

CLO

2017-14

Ltd,

Series

2017

14A,

(TSFR3M

+

6.550%)

.434

07/20/37

503,087

2,000,000

(a),(b),(e)

OCP

CLO

2024-31

Ltd,

Series

2026

31A,

(TSFR3M

+

4.950%)

.870

04/20/39

2,009,792

2,000,000

(a),(b)

Octagon

Ltd,

Series

2021

1A,

(TSFR3M

+

7.330%)

.001

07/23/37

1,891,572

2,500,000

(a),(b)

Octagon

Ltd,

Series

2022

1A,

(TSFR3M

+

6.250%)

.000

04/15/38

2,434,095

750,000

(a),(b)

OHA

Credit

Funding

LTD,

Series

2019

2A,

(TSFR3M

+

3.700%)

.370

01/21/38

735,095

1,000,000

(a),(b)

OHA

Credit

Funding

Ltd,

Series

2019

4A,

(TSFR3M

+

2.700%)

.369

01/22/38

984,830

750,000

(a),(b)

OHA

Credit

Funding

Ltd,

Series

2021

8A,

(TSFR3M

+

1.750%)

.418

01/20/38

751,674

1,000,000

(a),(b)

OHA

Credit

Funding

Ltd,

Series

2021

8A,

(TSFR3M

+

2.650%)

.318

01/20/38

983,099

2,750,000

(a),(b),(c),(f)

Palmer

Square

CLO

2015-1

Ltd,

Series

2015

1A

.000

05/21/34

27,638

4,323,000

(a),(b),(c)

Palmer

Square

CLO

2021-4

Ltd,

Series

2021

4A

.103

07/15/38

1,353,985

1,000,000

(a),(b)

Palmer

Square

CLO

2021-4

Ltd,

Series

2021

4A,

(TSFR3M

+

8.000%)

.672

07/15/38

878,917

1,500,000

(a),(b)

Palmer

Square

CLO

2022-4

Ltd,

Series

2022

4A,

(TSFR3M

+

5.500%)

.061

10/20/37

1,484,280

2,000,000

(a),(b)

Palmer

Square

CLO

2023-1

Ltd,

Series

2023

1A,

(TSFR3M

+

3.750%)

.418

01/20/38

1,964,632

2,500,000

(a),(b)

RAD

CLO

Ltd,

Series

2024

24A,

(TSFR3M

+

6.500%)

.168

07/20/37

2,515,438

1,500,000

(a),(b)

Rad

CLO

Ltd,

Series

2019

6A,

(TSFR3M

+

6.750%)

.418

10/20/37

1,410,213

1,000,000

(a),(b)

Rad

CLO

Ltd,

Series

2020

9A,

(TSFR3M

+

5.750%)

.422

01/15/38

947,274

Portfolio

of

Investments

February

28,

2026

(continued)

Enhanced

CLO

Income

See

Notes

to

Financial

Statements

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets

applicable

to

common

shares

unless

otherwise

noted.

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ASSET-BACKED

SECURITIES

(continued)

$

1,350,000

(a),(b)

REESE

PARK

CLO

LTD,

Series

2020

1A,

(TSFR3M

+

6.000%)

.672

%

01/15/38

$

1,302,381

1,250,000

(a) Regatta

XXIV

Funding

Ltd,

Series

2021

5X,

(TSFR3M

+

5.150%),

Reg

S

.818

01/20/38

1,223,125

1,250,000

(a),(b)

Rockford

Tower

CLO

2017-3

Ltd,

Series

2017

3A,

(LIBOR

M

+

6.012%)

.813

10/20/30

1,152,979

1,000,000

(a),(b)

Sixth

Street

CLO

VIII

Ltd,

Series

2017

8A,

(TSFR3M

+

6.750%)

.418

10/20/34

1,005,514

1,000,000

(a),(b)

Sixth

Street

CLO

XX

Ltd,

Series

2021

20A,

(TSFR3M

+

2.950%)

.618

07/17/38

981,027

9,000,000

(f),(g)

Stanwix-CLO

WH

.000

12/01/30

9,057,353

3,000,000

(a),(b)

TCW

CLO

2020-1

Ltd,

Series

2020

1A,

(TSFR3M

+

3.400%)

.284

04/20/34

2,951,061

3,000,000

(a),(b)

TCW

CLO

2024-1

Ltd,

Series

2024

1A,

(TSFR3M

+

7.090%)

.761

01/16/37

2,912,616

2,000,000

(a),(b)

TCW

CLO

2025-1

LTD,

Series

2025

1A,

(TSFR3M

+

5.900%)

.568

04/20/38

1,906,722

1,500,000

(a),(b)

Thayer

Park

CLO

Ltd,

Series

2017

1A,

(TSFR3M

+

9.132%)

.000

04/20/34

1,315,367

1,000,000

(a),(b)

TICP

CLO

XI

Ltd,

Series

2018

11A,

(TSFR3M

+

6.700%)

.368

04/25/37

1,005,350

1,000,000

(a),(b)

Trinitas

CLO

XVIII

Ltd,

Series

2021

18A,

(TSFR3M

+

7.312%)

.979

01/20/35

933,553

3,000,000

(a),(b),(c)

Unity-Peace

Park

CLO

Ltd,

Series

2022

1A

.633

04/20/35

932,064

1,500,000

(a),(b)

Upland

CLO

Ltd,

Series

2016

1A,

(TSFR3M

+

3.162%)

.829

04/20/31

1,503,983

1,750,000

(a),(b)

Wehle

Park

CLO

Ltd,

Series

2022

1A,

(TSFR3M

+

5.400%)

.349

10/21/38

1,706,714

TOTAL

ASSET-BACKED

SECURITIES

(Cost

$213,062,291)

183,736,697

SHARES

DESCRIPTION

VALUE

3,995,216

EXCHANGE-TRADED

FUNDS

-

.0

%

3,995,216

159,426

(h) Nuveen

AA-BBB

CLO

ETF

3,995,216

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost

$3,999,201)

3,995,216

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$217,061,492)

187,731,913

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

5.9%

11,450,000

REPURCHASE

AGREEMENTS

-

.9

%

11,450,000

11,450,000

(i) Fixed

Income

Clearing

Corporation

.640

03/02/26

11,450,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$11,450,000)

11,450,000

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$11,450,000)

11,450,000

TOTAL

INVESTMENTS

-

.9

%

(Cost

$

228,511,492)

199,181,913

OTHER

ASSETS

&

LIABILITIES,

NET

- (1.9)%

(3,637,095)

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

-

100%

$

195,544,818

ETF

Exchange-Traded

Fund

I/O

Interest

only

security

LIBOR

London

Inter-Bank

Offered

Rate

M

Month

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.

TSFR3M

CME

Term

Secured

Overnight

Financing

Rate

Month

See

Notes

to

Financial

Statements

(a) Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

when

applicable. For

mortgage-backed

or

asset-backed

securities

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(b) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

these

securities

is

$173,456,219

or

87.1%

of

Total

Investments.

(c) CLO

subordinate

notes,

income

notes,

Y

notes

and

M

notes

are

considered

CLO

equity

positions.

CLO

equity

positions

are

entitled

to

recurring

distributions

which

are

generally

equal

to

the

remaining

cash

flow

of

payments

made

by

underlying

securities

less

contractual

payments

to

debt

holders

and

fund

expenses.

The

rate

shown

is

the

estimated

yield

based

upon

a

current

projection

of

the

amount

and

timing

of

these

recurring

distributions,

and

the

estimated

amount

of

repayment

of

principal

upon

termination.

Such

projections

are

periodically

reviewed

and

adjusted,

and

the

estimated

yield

may

not

ultimately

be

realized.

(d) Security

is

in

the

process

of

liquidation.

(e) When-issued

or

delayed

delivery

security.

(f) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (g) Represents

an

investment

in

a

warehouse

facility,

which

is

a

financing

structure

intended

to

aggregate

loans

that

may

be

used

to

form

the

basis

of

a

CLO

position.

(h) Affiliated

holding

(i) Agreement

with

Fixed

Income

Clearing

Corporation,

3.640%

dated

2/27/26

to

be

repurchased

at

$11,453,473

on

3/2/26,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.000%

and

maturity

date

7/31/29,

valued

at

$11,679,160.

Statement

of

Assets

and

Liabilities

See

Notes

to

Financial

Statements

February

28,

2026

(Unaudited)

Enhanced

CLO

Income

ASSETS

Long-term

investments,

at

value

†

$

183,736,697

Affiliated

investments,

at

value

++

3,995,216

Short-term

investments,

at

value

◊

11,450,000

Cash

346,776

Receivables:

Interest

1,550,595

Reimbursement

from

Adviser

52,216

Shares

sold

13,088

Other

37,012

Total

assets

201,181,600

LIABILITIES

Payables:

Management

fees

205,470

Dividends

2,035,320

Interest

Investments

purchased

-

when-issued/delayed-delivery

settlement

3,245,000

Accrued

expenses:

Custodian

fees

82,734

Trustees

fees

2,247

Professional

fees

53,276

Shareholder

reporting

expenses

2,787

Shareholder

servicing

agent

fees

9,873

Distribution

and

service

fees

(12b-1)

Total

liabilities

5,636,782

Net

assets

applicable

to

common

shares

$

195,544,818

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

CONSIST

OF:

Paid-in

capital

$

222,054,426

Total

distributable

earnings

(loss)

(26,509,608)

Net

assets

applicable

to

common

shares

$

195,544,818

†

Long-term

investments,

cost

$

213,062,291

++

Affiliated

investments,

cost

$

3,999,201

◊

Short-term

investments,

cost

$

11,450,000

Enhanced

CLO

Income

CLASS

A1:

Net

assets

$

21,998

Common

Shares

outstanding

1,250

Net

asset

value

("NAV")

per

common

share

$

17.60 Maximum

sales

charge

2.50%

Offering

price

per

common

share

(NAV

per

common

share

plus

maximum

sales

charge)

$

18.05 CLASS

A2:

Net

assets

$

21,998

Common

Shares

outstanding

1,250

NAV

and

offering

price

per

common

share

$

17.60 CLASS

I:

Net

assets

$

195,500,822

Common

Shares

outstanding

11,106,209

NAV

and

offering

price

per

common

share

$

17.60 Authorized

shares

-

per

class

Unlimited

Par

value

per

common

share

$

0.01 Statement

of

Operations

See

Notes

to

Financial

Statements

``

Six

Months

Ended

February

28,

2026

(Unaudited)

Enhanced

CLO

Income

INVESTMENT

INCOME

Dividends

from

affiliated

investments

$

16,341

Interest

18,445,469

Total

investment

income

18,461,810

EXPENSES

–

Management

fees

1,391,283

Distribution

and

service

fees

(12b-1)

-

Class

A1

Distribution

and

service

fees

(12b-1)

-

Class

A2

Shareholder

servicing

agent

fees

-

Class

A1

Shareholder

servicing

agent

fees

-

Class

A2

Shareholder

servicing

agent

fees

-

Class

I

20,012

Interest

expense

Trustees

fees

4,976

Custodian

expenses

39,512

Registration

fees

32,279

Professional

fees

136,442

Other

711

Total

expenses

before

fee

waiver/expense

reimbursement

1,625,856

Fee

waiver/expense

reimbursement

(73,336)

Net

expenses

1,552,520

Net

investment

income

(loss)

16,909,290

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

(133,905)

Net

realized

gain

(loss)

(133,905)

Change

in

unrealized

appreciation

(depreciation)

on:

Investments

(25,020,158)

Affiliated

investments

(3,985)

Net

change

in

unrealized

appreciation

(depreciation)

(25,024,143)

Net

realized

and

unrealized

gain

(loss)

(25,158,048)

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

$

(8,248,758)

Statement

of

Changes

in

Net

Assets

See

Notes

to

Financial

Statements

Enhanced

CLO

Income

Unaudited

Six

Months

Ended

2/28/26

For

the

period

1/10/25

(commencement

of

operations)

through

8/31/25

OPERATIONS

Net

investment

income

(loss)

$

16,909,290

$

14,966,598

Net

realized

gain

(loss)

(133,905)

(54,684)

Net

change

in

unrealized

appreciation

(depreciation)

(25,024,143)

(4,305,436)

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

(8,248,758)

10,606,478

DISTRIBUTIONS

TO

COMMON

SHAREHOLDERS

Dividends:

Class

A1

(1,572)

(1,497)

Class

A2

(1,604)

(1,534)

Class

I

(14,708,230)

(14,153,086)

Total

distributions

(14,711,406)

(14,156,117)

FUND

SHARE

TRANSACTIONS

Fund

Reorganization

—

220,120,449

Subscriptions

1,625,635

300,000

Reinvestments

of

distributions

696

3,959

Redemptions

(46,118)

–

Net

increase

(decrease)

applicable

to

common

shares

from

Fund

share

transactions

1,580,213

220,424,408

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

(21,379,951)

216,874,769

Net

assets

applicable

to

common

shares

at

the

beginning

of

period

216,924,769

50,000

Net

assets

applicable

to

common

shares

at

the

end

of

period

$

195,544,818

$

216,924,769

Financial

Highlights

The

following

data

is

for

a

common

share

outstanding for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

to

Common

Shareholders

Common

Share

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Common

Share

Net

Asset

Value,

End

of

Period

Enhanced

CLO

Income

Class

A1

2/28/26

(d) $

19.67 $

1.46 $

(2.27)

$

(0.81)

$

(1.26)

$

—

$

(1.26)

$

17.60 8/31/25

(f) 20.00 1.26 (0.39)

0.87 (1.20)

—

(1.20)

19.67 Class

A2

2/28/26

(d) 19.67 1.48 (2.27)

(0.79)

(1.28)

—

(1.28)

17.60 8/31/25

(f) 20.00 1.30 (0.40)

0.90 (1.23)

—

(1.23)

19.67 Class

I

2/28/26

(d) 19.68 1.53 (2.28)

(0.75)

(1.33)

—

(1.33)

17.60 8/31/25

(f) 20.00 1.36 (0.40)

0.96 (1.28)

—

(1.28)

19.68 (a) Based

on

average

common

shares

outstanding.

(b) Total

returns

are

at

NAV

and

do

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c) After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

(d) Unaudited.

(e) Annualized.

(f) For

the

period

January

10,

2025

(commencement

of

operations)

through

August

31,

2025. See

Notes

to

Financial

Statements

Common

Share

Supplemental

Data/

Ratios

Applicable

to

Common

Shares

Ratios

to

Average

Net

Assets

Common

Share

Total

Return

(b) Net

Assets,

End

of

Period

(000) Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c) Portfolio

Turnover

Rate

(4.31)

%

$

2.32 %

(e) 2.25 %

(e) 15.52 %

(e) 15

%

4.51 25

2.29 (e) 2.23 (e) 10.07 (e) 29

(4.18)

2.07 (e) 2.00 (e) 15.77 (e) 15

4.66 25

2.04 (e) 1.98 (e) 10.32 (e) 29

(3.98)

195,501

1.57 (e) 1.50 (e) 16.30 (e) 15

5.02 216,876

1.54 (e) 1.48 (e) 10.81 (e) 29

Notes

to

Financial

Statements

(Unaudited)

1. General

Information

Fund

Information:

The

fund

covered

in

this

report

is

Nuveen

Enhanced

CLO

Income

Fund

(the

"Fund").

The

Fund

is

registered

under

the

Investment

Company

Act

of

1940

(the

"1940

Act"),

as

amended,

as

a

closed-end

management

investment

company

that

continually

offers

its

common

shares

of

beneficial

interest

("Common

Shares")

and

is

operated

as

an

"interval

fund."

The

Fund

was

organized

as

a

Massachusetts

business

trust

on

August

29,

2024. Current

Fiscal

Period:

The

end

of

the

reporting

period

for

the

Fund

is

February

28,

2026,

and

the

period

covered

by

these

Notes

to

Financial

Statements

is

the

six

months

ended

February

28,

2026

(the

"current

fiscal

period").

Investment

Adviser

and

Sub-Adviser:

The

Fund's

investment

adviser

is

Nuveen

Fund

Advisors,

LLC

(the

"Adviser"),

a

subsidiary

of

Nuveen,

LLC

("Nuveen").

Nuveen

is

the

investment

management

arm

of

Teachers

Insurance

and

Annuity

Association

of

America

("TIAA").

The

Adviser

has

overall

responsibility

for

management

of

the

Fund,

oversees

the

management

of

the

Fund's

portfolio,

manages

the

Fund's

business

affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

if

necessary,

asset

allocation

decisions.

The

Adviser

has

entered

into

a

sub-

advisory

agreement

with

Nuveen

Asset

Management,

LLC

(the

"Sub-Adviser"),

a

subsidiary

of

the

Adviser,

under

which

the

Sub-Adviser

manages

the

investment

portfolio

of

the

Fund.

Fund

Reorganization:

Prior

to

commencement

of

the

Fund's

operations,

all

of

the

assets

of

a

Cayman

Islands

exempted

limited

partnership,

Nuveen

CLO

Opportunities

Master

Fund

LP

(the

"Master

Fund"),

through

which

Nuveen

CLO

Opportunities

Fund

LP,

a

private

fund

relying

on

an

exemption

from

registration

under

section

3(c)(7)

of

the

1940

Act

(the

"Predecessor

Fund"),

invested

were

transferred

to

the

Fund

and

the

Predecessor

Fund

and

the

Master

Fund

ceased

operations

(the

"Reorganization").

The

Predecessor

Fund

distributed

11,006,022

Class

I

Common

Shares

of

the

Fund,

valued

at

$220,120,449,

obtained

in

the

Reorganization

to

limited

partners

("LPs")

in

the

Predecessor

Fund,

with

each

LP

receiving

Class

I

Common

Shares

equal

in

value

to

the

value

of

their

holdings

in

the

Predecessor

Fund

immediately

prior

to

the

Reorganization.

Thereafter,

the

Predecessor

Fund

and

the

Master

Fund

ceased

operations

and

were

dissolved

under

state

law.

The

Predecessor

Fund

was

originally

organized

as

a

Delaware

limited

partnership

on

August

15,

2022

and

commenced

investment

operations

on

September

30,

2022. The

Predecessor

Fund

(through

its

investments

in

the

Master

Fund)

had

investment

policies,

an

investment

objective,

guidelines

and

restrictions

that

were,

in

all

material

respects,

equivalent

to

those

of

the

Fund.

The

Predecessor

Fund

and

the

Master

Fund

were

also

managed

by

the

Sub-Adviser.

Share

Classes

and

Sales

Charges:

Class

A1

Shares

are

generally

sold

with

an

up-front

sales

charge.

Class

A1

Share

purchases

of

$250,000

or

more

are

sold

at

net

asset

value

("NAV")

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

("CDSC")

of

1.50%

if

repurchased

before

the

first

day

of

the

month

in

which

the

one-year

anniversary

of

the

purchase

falls.

Class

A2

Shares

and

Class

I

Shares

are

sold

without

an

upfront

sales

charge.

2. Significant

Accounting

Policies

The

accompanying

financial

statements

were

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

("U.S.

GAAP"),

which

may

require

the

use

of

estimates

made

by

management

and

the

evaluation

of

subsequent

events.

Actual

results

may

differ

from

those

estimates. The

Fund

is

an

investment

company

and

follows

accounting

guidance

in

the

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standards

Codification

946,

Financial

Services

—

Investment

Companies.

The

NAV

for

financial

reporting

purposes

may

differ

from

the

NAV

for

processing

security

and

common

share

transactions.

The

NAV

for

financial

reporting

purposes

includes

security

and

common

share

transactions

through

the

date

of

the

report.

Total

return

is

computed

based

on

the

NAV

used

for

processing

security

and

common

share

transactions.

The

following

is

a

summary

of

the

significant

accounting

policies

consistently

followed

by

the

Fund.

Compensation:

The Fund

pays

no compensation

directly

to

those

of its

officers,

all

of

whom

receive

remuneration

for

their

services

to the Fund

from

the

Adviser

or

its

affiliates.

The

Fund's

Board

of

Trustees (the

"Board")

has

adopted

a

deferred

compensation

plan

for

independent

trustees

that

enables

trustees

to

elect

to

defer

receipt

of

all

or

a

portion

of

the

annual

compensation

they

are

entitled

to

receive

from

certain

Nuveen-advised

funds.

Under

the

plan,

deferred

amounts

are

treated

as

though

equal

dollar

amounts

had

been

invested

in

shares

of

select

Nuveen-advised

funds.

Distributions

to

Common

Shareholders:

Distributions

to

common shareholders

are

recorded

on

the

ex-dividend

date.

The

amount,

character

and

timing

of

distributions

are

determined

in

accordance

with

federal

income

tax

regulations,

which

may

differ

from

U.S.

GAAP.

Indemnifications:

Under

the

Fund's

organizational

documents,

its

officers

and

trustees

are

indemnified

against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to

the

Fund.

In

addition,

in

the

normal

course

of

business,

the Fund

enters

into

contracts

that

provide

general

indemnifications

to

other

parties.

The

Fund's

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against

the Fund

that

have

not

yet

occurred.

However,

the Fund

has

not

had

prior

claims

or

losses

pursuant

to

these

contracts

and

expects

the

risk

of

loss

to

be

remote.

Investments

and

Investment

Income:

Securities

transactions

are

accounted

for

as

of

the

trade

date

for

financial

reporting

purposes.

Realized

gains

and

losses

on

securities

transactions

are

based

upon

the

specific

identification

method.

Investment

income

is

comprised

of

interest

income,

which

is

recorded

on

an

accrual

basis

and

includes

accretion

of

discounts

and

amortization

of

premiums

for

financial

reporting

purposes.

Investment

income

also

reflects

payment-in-kind

("PIK")

interest

and

paydown

gains

and

losses,

if

any.

PIK

interest

represents

income

received

in

the

form

of

securities

in

lieu

of

cash.

Collateralized

Loan

Obligations

("CLOs")

equity

investments

recognize

investment

income

by

utilizing

an

effective

interest

methodology

based

upon

an

effective

yield

to

maturity

utilizing

projected

cash

flow,

as

required

by

ASC

Topic

325-40,

Beneficial

Interest

in

Securitized

Financial

Assets.

The

Fund

monitors

the

expected

residual

payments,

and

effective

yield

is

determined

and

updated

periodically,

as

needed.

Accordingly,

investment

income

recognized

on

CLO

equity

tranches

in

the

U.S.

GAAP

statement

of

operations

differs

from

both

the

tax-basis

investment

income

and

from

the

cash

distributions

actually

received

by

the

Fund

during

the

quarterly

period.

Multiclass

Operations

and

Allocations:

Income

and

expenses

of

the

Fund

that

are

not

directly

attributable

to

a

specific

class

of

shares

are

prorated

among

the

classes

based

on

the

relative

net

assets

of

each

class.

Expenses

directly

attributable

to

a

class

of

shares

are

recorded

to

the

specific

class.

12b-1

distribution

and

service

fees

are

allocated

on

a

class-specific

basis.

Realized

and

unrealized

capital

gains

and

losses

of

the

Fund

are

prorated

among

the

classes

based

on

the

relative

net

assets

of

each

class.

Netting

Agreements:

In

the

ordinary

course

of

business,

the

Fund

may

enter

into

transactions

subject

to

enforceable

master

repurchase

agreements,

International

Swaps

and

Derivatives

Association,

Inc.

(ISDA)

master

agreements

or

other

similar

arrangements

("netting

agreements").

Generally,

the

right

to

offset

in

netting

agreements

allows the

Fund

to

offset

certain

securities

and

derivatives

with

a

specific

counterparty,

when

applicable,

as

well

as

any

collateral

received

or

delivered

to

that

counterparty

based

on

the

terms

of

the

agreements.

Generally,

the

Fund

manages

its

cash

collateral

and

securities

collateral

on

a

counterparty

basis.

With

respect

to

certain

counterparties,

in

accordance

with

the

terms

of

the

netting

agreements,

collateral

posted

to

the

Fund

is

held

in

a

segregated

account

by

the

Fund's

custodian

and/or

with

respect

to

those

amounts

which

can

be

sold

or

repledged,

are

presented

in

the

Fund's

Portfolio

of

Investments

or

Statement

of

Assets

and

Liabilities.

The

Fund's

investments

subject

to

netting

agreements

as

of

the

end

of

the

current

fiscal

period,

if

any,

are

further

described

later

in

these

Notes

to

Financial

Statements.

Organizational

Expenses:

Prior

to

the

commencement

of

operations

on

January

10,

2025,

the

Fund

had

no

operations

other

than

those

related

to

organizational

matters

and

the

Fund's

initial

contribution

of

$50,000

by

the

Adviser.

Segment

Reporting:

The

Fund

represents

a

single

operating

segment.

The

officers

of

the

Fund

act

as

the

chief

operating

decision

maker

("CODM"),

as

defined

in

U.S.

GAAP. The

CODM

monitors

the

operating

results

of the

Fund

as

a

whole

and

is

responsible

for

the Fund's

long-term

strategic

asset

allocation

in

accordance

with

the

terms

of

its

prospectus,

based

on

a

defined

investment

strategy

which

is

executed

by

the

Fund's

portfolio

managers

as

a

team.

The

financial

information

in

the

form

of

the

Fund's

portfolio

composition,

total

returns,

expense

ratios

and

changes

in

net

assets

(i.e.,

changes

in

net

assets

resulting

from

operations,

subscriptions

and

redemptions),

which

are

used

by

the

CODM

to

assess

the

segment's

performance

versus

the

Fund's

comparative

benchmarks

and

to

make

resource

allocation

decisions

for

the

Fund's

single

segment,

is

consistent

with

that

presented

within

the

Fund's

financial

statements.

Segment

assets

are

reflected

on

the

Statement

of

Assets

and

Liabilities

as

"total

assets"

and

significant

segment

revenues

and

expenses

are

listed

on

the

Statement

of

Operations.

New

Accounting

Pronouncement

(ASU

No.

2023-09):

In

December

2023,

the

FASB

issued

Accounting

Standard

Update

("ASU")

No.

2023-09,

Income

Taxes

(Topic

740)

Improvements

to

Income

tax

disclosures

("ASU

2023-09").

The

primary

purpose

of

the

amendments

within

ASU

2023-09

is

to

enhance

the

transparency

and

decision

usefulness

of

income

tax

disclosures

primarily

related

to

the

rate

reconciliation

table

and

income

taxes

paid

information.

The

amendments

in

ASU

2023-09

are

effective

for

annual

periods

beginning

after

December

15,

2024. Management

is

currently

evaluating

the

implications

of

these

changes

on

the

financial

statements.

New

Accounting

Pronouncement

(ASU

No.

2025-11):

In

December

2025,

the

FASB

issued

ASU

No.

2025-11,

Interim

Reporting

(Topic

270)

Narrow

Scope

Improvements

("ASU

2025-11").

The

amendments

in

ASU

2025-11

provide

a

comprehensive

list

of

interim

disclosures

that

are

required

by

U.S.

GAAP.

ASU

2025-11

also

includes

a

disclosure

principle

that

requires

entities

to

disclose

events

since

the

end

of

the

last

annual

reporting

period

that

have

a

material

impact

on

the

entity.

The

amendments

in

ASU

2025-11

are

effective

for

interim

reporting

periods

within

annual

reporting

periods

beginning

after

December

15,

2027. Early

adoption

is

permitted

for

all

entities.

Management

is

currently

evaluating

the

implications

of

these

changes

on

the

financial

statements.

3. Investment

Valuation

and

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Adviser,

subject

to

oversight

of

the Board.

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.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

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

management's

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

A

description

of

the

valuation

techniques

applied

to

the

Fund's

major

classifications

of

assets

and

liabilities

measured

at

fair

value

follows:

Equity

securities

and

exchange-traded

funds

listed

or

traded

on

a

national

market

or

exchange

are

valued

based

on

their

last

reported

sales

price

or

official

closing

price

of

such

market

or

exchange

on

the

valuation

date.

Foreign

equity

securities

and

registered

investment

companies

that

trade

on

a

foreign

exchange

are

valued

at

the

last

reported

sales

price

or

official

closing

price

on

the

principal

exchange

where

traded,

and

converted

to

U.S.

Notes

to

Financial

Statements

(continued)

dollars

at

the

prevailing

rates

of

exchange

on

the

valuation

date.

To

the

extent

these

securities

are

actively

traded

and

no

valuation

adjustments

are

applied,

they

are

generally

classified

as

Level

1. When

valuation

adjustments

are

applied

to

the

most

recent

last

sales

price

or

official

closing

price,

these

securities

are

generally

classified

as

Level

2. The

prices

of

CLOs

are

generally

provided

by

pricing

services

approved

by

the

Adviser,

which

is

subject

to

review

by

the

Adviser

and

oversight

of

the

Board.

Pricing

services

establish

a

security's

fair

value

using

methods

that

may

include

consideration

of

the

following:

yields,

spreads

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.

For

certain

securities

that

are

less

liquid

and

of

lower

quality,

such

as

CLO

equity

tranches,

pricing

services

may

incorporate

information

regarding

the

security,

its

issuer,

or

relevant

market

activity

as

provided

by

the

Adviser.

These

securities

are

generally

classified

as

Level

or

Level

depending

on

the

availability

of

observable

market

information.

Repurchase

agreements

are

valued

at

contract

amount

plus

accrued

interest,

which

approximates

market

value.

These

securities

are

generally

classified

as

Level

2. 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

Fund's

investments

as

of

the

end

of

the

current

fiscal

period,

based

on

the

inputs

used

to

value

them:

The

following

is

a

reconciliation

of

the

Funds'

Level

investments

held

at

the

beginning

and

end

of

the

measurement

period:

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.

Enhanced

CLO

Income

Level

Level

Level

Total

Long-Term

Investments:

Asset-Backed

Securities

$

–

$

174,651,706

$

9,084,991

$

183,736,697

Exchange-Traded

Funds

3,995,216

–

–

3,995,216

Short-Term

Investments:

Repurchase

Agreements

–

11,450,000

–

11,450,000

Total

$

3,995,216

$

186,101,706

$

9,084,991

$

199,181,913

Level

Enhanced

CLO

Income

Asset-Backed

Securities

Balance

at

the

beginning

of

period

$

-

Gains

(losses):

Net

realized

gains

(losses)

-

Change

in

net

unrealized

appreciation

(depreciation)

57,353

Purchases

at

cost

9,000,000

Sales

at

proceeds

-

Net

discounts

(premiums)

-

Transfers

into

27,638

Transfers

(out

of)

-

Balance

at

the

end

of

period

$

9,084,991

Change

in

net

unrealized

appreciation

(depreciation)

during

the

period

of

Level

securities

held

as

of

period

end

$

(441,728)

Level

Level

Level

Enhanced

CLO

Income

Transfers

In

(Transfers

Out)

Transfers

In

(Transfers

Out)

Transfers

In

(Transfers

Out)

Asset-Backed

Securities

$-

$-

$-

$(27,638)

$27,638

$-

The

valuation

techniques

and

significant

unobservable

inputs

used

in

recurring

Level

fair

value

measurements

of

assets

as

of

the

end

of

the

current

fiscal

period,

were

as

follows:

4. Portfolio

Securities

Collateralized

Loan

Obligations:

Collateralized

Loan

Obligations

("CLOs")

are

asset-backed

securities

that

are

typically

collateralized

principally

by

a

pool

of

loans,

which

may

include,

among

others,

domestic

and

foreign

senior

secured

loans,

senior

unsecured

loans,

and

subordinate

corporate

loans,

including

loans

that

may

be

rated

below

investment

grade

(commonly

known

as

"high

yield"

or

"junk"

bonds).

The

special

purpose

entity

typically

issues

one

or

more

classes

(sometimes

referred

to

as

"tranches")

of

rated

debt

securities,

one

or

more

unrated

classes

of

debt

securities

that

are

generally

treated

as

equity

interests,

and

a

residual

equity

interest.

The

Fund

may

also

invest

in

warehouse

facilities,

which

are

financing

structures

intended

to

aggregate

loans

that

may

be

used

to

form

the

basis

of

a

CLO

vehicle.

The

tranches

of

CLOs

typically

have

different

interest

rates,

projected

weighted

average

lives

and

ratings,

with

the

higher

rated

tranches

paying

lower

interest

rates.

One

or

more

forms

of

credit

enhancement

are

almost

always

necessary

in

a

CLO

structure

to

obtain

the

desired

credit

ratings

for

the

most

highly

rated

debt

securities

issued

by

a

CLO.

The

types

of

credit

enhancement

used

include

"internal"

credit

enhancement

provided

by

the

underlying

assets

themselves,

such

as

subordination,

excess

spread

and

cash

collateral

accounts.

The

key

feature

of

the

CLO

structure

is

the

prioritization

of

the

cash

flows

from

a

pool

of

securities

among

the

several

tranches

of

the

CLO.

As

interest

payments

are

received,

the

CLO

makes

contractual

interest

payments

to

each

tranche

of

debt

based

on

its

seniority.

If

there

are

funds

remaining

after

each

tranche

of

debt

receives

its

contractual

interest

rate

and

the

CLO

meets

or

exceeds

required

collateral

coverage

levels

(or

other

similar

covenants),

the

remaining

funds

may

be

paid

to

the

subordinated

tranche

(often

referred

to

as

the

"residual"

or

"equity"

tranche).

The

contractual

provisions

setting

out

this

order

of

payments

are

set

out

in

detail

in

the

relevant

CLO's

indenture.

These

provisions

are

referred

to

as

the

"priority

of

payments"

or

the

"waterfall"

and

determine

the

terms

of

payment

of

any

other

obligations

that

may

be

required

to

be

paid

ahead

of

payments

of

interest

and

principal

on

the

securities

issued

by

a

CLO.

In

addition,

for

payments

to

be

made

to

each

tranche,

after

the

most

senior

tranche

of

debt,

there

are

various

tests

that

must

be

complied

with,

which

are

different

for

each

CLO.

If

a

coverage

test

is

failing,

proceeds

will

be

diverted

to

repay

principal

on

the

senior

tranches

until

the

test

passes.

Repurchase

Agreements:

In

connection

with

transactions

in

repurchase

agreements,

it

is the

Fund's

policy

that

its

custodian

take

possession

of

the

underlying

collateral

securities,

the

fair

value

of

which

exceeds

the

principal

amount

of

the

repurchase

transaction,

including

accrued

interest,

at

all

times.

If

the

counterparty

defaults,

and

the

fair

value

of

the

collateral

declines,

realization

of

the

collateral

may

be

delayed

or

limited.

The

following

table

presents

the

repurchase

agreements

for

the

Fund

that

are

subject

to

netting

agreements

as

of

the

end

of

the

current

fiscal

period,

and

the

collateral

delivered

related

to

those

repurchase

agreements.

Zero

Coupon

Securities:

A

zero

coupon

security

does

not

pay

a

regular

interest

coupon

to

its

holders

during

the

life

of

the

security.

Income

to

the

holder

of

the

security

comes

from

accretion

of

the

difference

between

the

original

purchase

price

of

the

security

at

issuance

and

the

par

value

of

the

security

at

maturity

and

is

effectively

paid

at

maturity.

The

market

prices

of

zero

coupon

securities

generally

are

more

volatile

than

the

market

prices

of

securities

that

pay

interest

periodically.

Purchases

and

Sales:

Long-term

purchases

and

sales

during

the

current fiscal

period

were

as

follows:

The

Fund

may

purchase

securities

on

a

when-issued

or

delayed-delivery

basis.

Securities

purchased

on

a

when-issued

or

delayed-delivery

basis

may

have

extended

settlement

periods;

interest

income

is

not

accrued

until

settlement

date.

Any

securities

so

purchased

are

subject

to

market

fluctuation

during

this

period.

If the

Fund

has

outstanding

when-issued/delayed-delivery

purchases

commitments

as

of

the

end

of

the

current

fiscal

period,

such

amounts

are

recognized

on

the

Statement

of

Assets

and

Liabilities.

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

Enhanced

CLO

Income

Asset-Backed

Securities

$9,057,353

Enterprise

Value

Acquisition

Cost

$100.60

N/A

27,638

Market

Quotes

Recovery

Proceeds

$1.01

N/A

Total

$9,084,991

Fund

Counterparty

Short-term

Investments,

at

Value

Collateral

Pledged

(From)

Counterparty

Enhanced

CLO

Income

Fixed

Income

Clearing

Corporation

$

11,450,000

$

(11,679,160)

Fund

Non-U.S.

Government

Purchases

Non-U.S.

Government

Sales

and

Maturities

Enhanced

CLO

Income

$

30,240,176

$

40,541,732

Notes

to

Financial

Statements

(continued)

5. Derivative

Investments

The Fund

is

authorized

to

invest

in

certain

derivative

instruments.

As

defined

by

U.S.

GAAP,

a

derivative

is

a

financial

instrument

whose

value

is

derived

from

an

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

of

prices

or

rates,

or

other

variables.

Investments

in

derivatives

as

of

the

end

of

and/or

during

the

current

fiscal

period,

if

any,

are

included

within

the

Statement

of

Assets

and

Liabilities

and

the

Statement

of

Operations,

respectively.

Market

and

Counterparty

Credit

Risk:

In

the

normal

course

of

business

the

Fund

may

invest

in

financial

instruments

and

enter

into

financial

transactions

where

risk

of

potential

loss

exists

due

to

changes

in

the

market

(market

risk)

or

failure

of

the

other

party

to

the

transaction

to

perform

(counterparty

credit

risk).

The

potential

loss

could

exceed

the

value

of

the

financial

assets

recorded

on

the

financial

statements.

Financial

assets,

which

potentially

expose the

Fund

to

counterparty

credit

risk,

consist

principally

of

cash

due

from

counterparties

on

forward,

option

and

swap

transactions,

when

applicable.

The

extent

of

the

Fund's

exposure

to

counterparty

credit

risk

in

respect

to

these

financial

assets

approximates

their

carrying

value

as

recorded

on

the

Statement

of

Assets

and

Liabilities.

The Fund

helps

manage

counterparty

credit

risk

by

entering

into

agreements

only

with

counterparties

the

Adviser

believes

have

the

financial

resources

to

honor

their

obligations

and

by

having

the

Adviser

monitor

the

financial

stability

of

the

counterparties.

Additionally,

counterparties

may

be

required

to

pledge

collateral

daily

(based

on

the

daily

valuation

of

the

financial

asset)

on

behalf

of the

Fund

with

a

value

approximately

equal

to

the

amount

of

any

unrealized

gain

above

a

pre-determined

threshold.

Reciprocally,

when the

Fund

has

an

unrealized

loss,

the

Fund

has

instructed

the

custodian

to

pledge

assets

of

the

Fund

as

collateral

with

a

value

approximately

equal

to

the

amount

of

the

unrealized

loss

above

a

pre-determined

threshold.

Collateral

pledges

are

monitored

and

subsequently

adjusted

if

and

when

the

valuations

fluctuate,

either

up

or

down,

by

at

least

the

pre-determined

threshold

amount.

6. Fund

Shares

Quarterly

Repurchase

Offer:

In

order

to

provide

liquidity

to

common

shareholders,

the

Fund

has

adopted

a

fundamental

policy,

which

may

only

be

changed

by

a

majority

vote

of

shareholders,

to

make

quarterly

offers

to

repurchase

between

5%

and

25%

of

its

outstanding

Common

Shares

at

NAV,

reduced

by

any

applicable

repurchase

fee.

Subject

to

approval

of

the

Board,

for

each

quarterly

repurchase

offer,

the

Fund

currently

expects

to

offer

to

repurchase

7.5%

of

the

outstanding

Common

Shares

at

NAV.

The

Fund

does

not

currently

expect

to

charge

a

repurchase

fee

and

no

amounts

were

charged

during

the

current

fiscal

period.

However,

the

Fund

may

charge

a

repurchase

fee

of

up

to

2.00%

of

the

repurchase

proceeds,

which

the

Fund

would

retain

to

help

offset

non-de

minimis

estimated

costs

related

to

the

repurchase

incurred

by

the

Fund,

directly

or

indirectly,

as

a

result

of

repurchasing

Common

Shares,

thus

allocating

estimated

transaction

costs

to

the

Common

Shareholder

whose

Common

Shares

are

being

repurchased.

During

the

current

fiscal

period,

the

Fund

engaged

in

quarterly

repurchase

offers

as

follows:

Common

Share

Transactions

Transactions

in common

shares

during

the

current

and

prior

fiscal

period

were

as

follows:

Repurchase

Request

Deadline

Repurchase

Offer

Amount

(as

a

percentage

of

outstanding

shares)

Number

of

Shares

Repurchased

Percentage

of

Outstanding

Shares

Repurchased

Nov

2025

7.50%

-\*

Feb

2026

7.50%

2,365

-\*

\*

Value

rounded

to

zero.

Six

Months

Ended

2/28/26

\*

For

the

period

1/10/25

(commencement

of

operations)

through

8/31/25

\*

Enhanced

CLO

Income

Shares

Value

Shares

Value

Shares

issued

in

the

Reorganization:

Class

I

—

$—

11,006,022

$220,120,449

Total

Reorganization

—

—

11,006,022

220,120,449

Subscriptions:

Class

I

87,280

1,625,635

15,189

300,000

Total

subscriptions

87,280

1,625,635

15,189

300,000

Reinvestments

of

distributions:

Class

I

696

3,959

Total

reinvestments

of

distributions

696

3,959

Repurchases

and

redemptions:

Class

I

(2,522)

(46,118)

—

—

Total

repurchases

and

redemptions

(2,522)

(46,118)

—

—

Net

increase

(decrease)

84,796

$1,580,213

11,021,413

$220,424,408

7. Income

Tax

Information

The

Fund

intends

to

distribute

substantially

all

of

its

net

investment

income

and

net

capital

gains

to

shareholders

and

otherwise

comply

with

the

requirements

of

Subchapter

M

of

the

Internal

Revenue

Code

applicable

to

regulated

investment

companies.

Therefore,

no

federal

income

tax

provision

is

required.

The

Fund

files

income

tax

returns

in

U.S.

federal

and

applicable

state

and

local

jurisdictions.

A

Fund's

federal

income

tax

returns

are

generally

subject

to

examination

for

a

period

of

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

be

subject

to

examination

for

an

additional

period

of

time

depending

on

the

jurisdiction.

Management

has

analyzed

the

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

no

provision

for

income

tax

is

required

in

the

Fund's

financial

statements.

As

of

the

end

of

the

reporting

period,

the

aggregate

cost

and

the

net

unrealized

appreciation/(depreciation)

of

all

investments

for

federal

income

tax

purposes

were

as

follows:

For

purposes

of

this

disclosure,

tax

cost

generally

includes

the

cost

of

portfolio

investments

as

well

as

up-front

fees

or

premiums

exchanged

on

derivatives

and

any

amounts

unrealized

for

income

statement

reporting

but

realized

income

and/or

capital

gains

for

tax

reporting,

if

applicable.

As

of

prior

fiscal

period

end,

the

components

of

accumulated

earnings

on

a

tax

basis

were

as

follows:

As

of

prior

fiscal

period

end,

the

Fund

had

capital

loss

carryforwards,

which

will

not

expire:

8. Management

Fees

and

Other

Transactions

with

Affiliates

Management

Fees:

The Fund's

management

fee

compensates

the

Adviser

for

the

overall

investment

advisory

and

administrative

services

and

general

office

facilities.

The

Sub-Adviser

is

compensated

for

its

services

to

the

Fund

from

the

management

fees

paid

to

the

Adviser.

The Fund's

management

fee

consists

of

two

components

–

a

fund-level

fee,

based

only

on

the

amount

of

assets

within the

Fund,

and

a

complex-

level

fee,

based

on

the

aggregate

amount

of

all

eligible

fund

assets

managed

by

the

Adviser.

This

pricing

structure

enables the

Fund's

shareholders

to

benefit

from

growth

in

the

assets

within

the

Fund

as

well

as

from

growth

in

the

amount

of

complex-wide

assets

managed

by

the

Adviser.

The

annual

fund-level

fee,

payable

monthly, is

calculated

according

to

the

following

schedule:

The

annual

complex-level

fee,

payable

monthly,

for

the

Fund

is

calculated

according

to

the

following

schedule:

\*

Prior

to

the

commencement

of

operations,

the

Adviser

owned

1,250

of

Class

A1

and

1,250

of

Class

A2

shares,

which

are

still

held

as

of

the

end

of

the

current

fiscal

period.

Fund

Tax

Cost

Gross

Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

Enhanced

CLO

Income

$

230,239,089

$

440,331

$

(31,497,507)

$

(31,057,176)

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital

Gains

Unrealized

Appreciation

(Depreciation)

Capital

Loss

Carryforwards

Late-Year

Loss

Deferrals

Other

Book-to-Tax

Differences

Total

Enhanced

CLO

Income

$

5,157,861

$

—

$

(6,622,579)

$

(61,863)

$

—

$

(2,022,863)

$

(3,549,444)

Fund

Short-Term

Long-Term

Total

Enhanced

CLO

Income

$

61,863

$

—

$

61,863

Average

Daily

Managed

Assets\*

Fund-Level

Fee

Rate

For

the

first

$125

million

1.1900 %

For

the

next

$125

million

1.1775 For

the

next

$250

million

1.1650 For

the

next

$500

million

1.1525 For

the

next

$1

billion

1.1400 Complex-Level

Asset

Breakpoint

Level\*

Complex-Level

Fee

For

the

first

$124.3

billion

0.1600 %

For

the

next

$75.7

billion

0.1350 For

the

next

$200

billion

0.1325 For

eligible

assets

over

$400

billion

0.1300 26

Notes

to

Financial

Statements

(continued)

\*

The

complex-level

fee

is

calculated

based

upon

the

aggregate

daily

"eligible

assets"

of

all

Nuveen-branded

closed-end

funds

and

Nuveen

branded

open-end

funds

("Nuveen

Mutual

Funds").

Except

as

described

below,

eligible

assets

include

the

assets

of

all

Nuveen-branded

closed-end

funds

and

Nuveen

Mutual

Funds

organized

in

the

United

States.

Eligible

assets

do

not

include

the

net

assets

of:

Nuveen

fund-of-funds,

Nuveen

money

market

funds,

Nuveen

index

funds,

Nuveen

Large

Cap

Responsible

Equity

Fund

or

Nuveen

Life

Large

Cap

Responsible

Equity

Fund.

In

addition,

eligible

assets

include

a

fixed

percentage

of

the

aggregate

net

assets

of

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

by

the

Adviser's

affiliate,

Teachers

Advisors,

LLC

(except

those

identified

above).

The

fixed

percentage

will

increase

annually

until

May

1,

2033,

at

which

time

eligible

assets

will

include

all

of

the

aggregate

net

assets

of

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

by

Teachers

Advisors,

LLC

(except

those

identified

above).

Eligible

assets

include

closed-end

fund

assets

managed

by

the

Adviser

that

are

attributable

to

financial

leverage.

For

these

purposes,

financial

leverage

includes

the

closed-end

funds'

use

of

preferred

stock

and

borrowings

and

certain

investments

in

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

in

tender

option

bond

(TOB)

trusts,

including

the

portion

of

assets

held

by

a

TOB

trust

that

has

been

effectively

financed

by

the

trust's

issuance

of

floating

rate

securities,

subject

to

an

agreement

by

the

Adviser

as

to

certain

funds

to

limit

the

amount

of

such

assets

for

determining

eligible

assets

in

certain

circumstances.

As

of

the

end

of

the

current

fiscal

period,

the complex-level

fee

rate

for

the

Fund

was

as

follows:

The

Adviser

has

agreed

to

waive

fees

and/or

reimburse

expenses

through

July

31,

2027,

so

that

the

total

annual

operating

expenses

of

the

Fund

(excluding

any

distribution

and/or

service

fees

that

may

be

applicable

to

a

particular

class

of

shares,

issuance

and

dividend

costs

of

Preferred

Shares

that

may

be

issued

by

the

Fund,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities,

litigation

expenses

and

extraordinary

expenses)

do

not

exceed

1.50%

of

the

average

daily

managed

assets

of

any

class

of

Fund

shares.

This

expense

limitation

may

be

terminated

or

modified

prior

to

that

date

only

with

the

approval

of

the

Board.

Distribution

and

Service

Fees:

The

Fund

has

adopted

a

Distribution

and

Servicing

Plan

for

Class

A1

Common

Shares and

Class

A2 Common

Shares

of

the

Fund.

The

Distribution

and

Servicing

Plan

operates

in

a

manner

consistent

with

Rule

12b-1

under

the

1940

Act,

which

regulates

the

manner

in

which

an

open-end

investment

company

may

directly

or

indirectly

bear

the

expenses

of

distributing

its

Common

Shares.

Although

the

Fund

is

not

an

open-end

investment

company,

it

has

undertaken

to

comply

with

the

terms

of

Rule

12b-1

as

a

condition

of

an

exemptive

order

under

the

1940

Act

which

permits

it

to,

among

other

things,

impose

distribution

and

shareholder

servicing

fees.

The

Distribution

and

Servicing

Plan

permits

the

Fund

to

compensate

the

Nuveen

Securities,

LLC

(the

"Distributor"),

a

wholly-owned

subsidiary

of

Nuveen,

for

using

reasonable

efforts

to

secure

purchasers

of

the

Fund's

Common

Shares,

including

by

providing

continuing

information

and

investment

services

and/or

by

making

payments

to

certain

authorized

institutions

in

connection

with

the

sale

of

Common

Shares

or

servicing

of

shareholder

accounts.

Most

or

all

of

the

distribution

and/

or

service

fees

are

paid

to

financial

firms

through

which

Shareholders

may

purchase

or

hold

Class

A1

Common

Shares

and/or

Class

A2 Common

Shares.

The

maximum

annual

rates

at

which

the

distribution

and/or

servicing

fees

may

be

paid

under

the

Distribution

and

Servicing

Plan

for Class

A1

Common

Shares (calculated

as

a

percentage

of

the

Fund's

average

daily

net

assets

attributable

to

the

Class

A1

Common

Shares)

is

0.75%.

The

maximum

annual

rates

at

which

the

distribution

and/or

servicing

fees

may

be

paid

under

the

Distribution

and

Servicing

Plan

for

Class

A2

Common

Shares

(calculated

as

a

percentage

of

the

Fund's

average

daily

net

assets

attributable

to

the

Class

A2

Common

Shares)

is

0.50%.

During

the

current

fiscal

period

the

annual

rate

paid

by

the

Fund

for

Class

A1

Shares

and

Class

A2

Shares

was

0.75%

and

0.50%,

respectively.

Other

Transactions

with

Affiliates:

The

Fund

is

permitted

to

purchase

or

sell

securities

from

or

to

certain

other

funds

or

accounts

managed

by

the

Sub-Adviser

or

by

an

affiliate

of

the

Adviser

(each

an,

"Affiliated

Entity")

under

specified

conditions

outlined

in

procedures

adopted

by

the

Board

("cross-trade").

These

procedures

have

been

designed

to

ensure

that

any

cross-trade

of

securities

by

the

Fund

from

or

to

an

Affiliated

Entity

by

virtue

of

having

a

common

investment

adviser

(or

affiliated

investment

adviser),

common

officer

and/or

common

trustee

complies

with

Rule

17a-7

under

the

1940

Act.

These

transactions

are

effected

at

the

current

market

price

(as

provided

by

an

independent

pricing

service)

without

incurring

broker

commissions.

During

the

current

fiscal

period,

the

Fund

did

not

engage

in

cross-trades

pursuant

to

these

procedures.

Affiliated

Investments:

Investments

in

other

investment

companies

advised

by

the

Adviser

are

deemed

to

be "affiliated

investments".

A

complete

schedule

of

the

portfolio

holdings

for

each

of

the

affiliated

investments

is

filed

with

the

SEC

for

the

first

and

third

quarters

of

each

fiscal

year

on

Form

N-PORT

and

is

available

on

the

SEC's

website

at

www.sec.gov.

A

copy

of

the

annual

report,

semi-annual

report

and

financial

statements

is

available

for

each

of

the

affiliated

investments

at

https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses,

or

upon

request

by

calling

(800) 257-

8787. Information

regarding

transactions

with

affiliated investments

is

as

follows:

Fund

Complex-Level

Fee

Enhanced

CLO

Income

0.1555 %

Issue

Value

at

8/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Shares

at

2/28/26

Value

at

2/28/26

Dividend

Income

Enhanced

CLO

Income

Exchange-Traded

Funds

Nuveen

AA-BBB

CLO

ETF

$–

$3,999,201

$–

$–

$(3,985)

159,426

$3,995,216

$16,341

Total

$–

$3,999,201

$–

$–

$(3,985)

159,426

$3,995,216

$16,341

9. Commitments

and

Contingencies

In

the

normal

course

of

business, the

Fund

enters

into

a

variety

of

agreements

that

may

expose

the

Fund

to

some

risk

of

loss.

The

risk

of

future

loss

arising

from

such

agreements,

while

not

quantifiable,

is

expected

to

be

remote.

As

of

the

end

of

the

reporting

period,

the

Fund

did

not

have

any

unfunded

commitments

other

than

those

disclosed

in

the

Notes

to

Financial

Statements,

when

applicable.

From

time

to

time,

the

Fund

may

be

a

party

to

certain

legal

proceedings

in

the

ordinary

course

of

business,

including

proceedings

relating

to

the

enforcement

of

the

Fund's

rights

under

contracts.

As

of

the

end

of

the

reporting

period,

the

Fund

is not

subject

to

any

material

legal

proceedings.

10. Borrowing

Arrangements

Line

of

Credit:

The

Fund,

along

with

certain

funds

managed

by

the

Adviser or

by

an

affiliate

of

the

Adviser

("Participating

Funds"),

have

established

a

364-day,

$2.7

billion

standby

credit

facility

with

a

group

of

lenders,

under

which

the

Participating

Funds

may

borrow

for

temporary

purposes

(other

than

on-going

leveraging

for

investment

purposes).

Each

Participating

Fund

is

allocated

a

designated

proportion

of

the

facility's

capacity

(and

its

associated

costs,

as

described

below)

based

upon

a

multi-factor

assessment

of

the

likelihood

and

frequency

of

its

need

to

draw

on

the

facility,

the

size

of

the

Fund

and

its

anticipated

draws,

and

the

potential

importance

of

such

draws

to

the

operations

and

well-being

of

the

Fund,

relative

to

those

of

the

other

Funds.

A

Fund

may

effect

draws

on

the

facility

in

excess

of

its

designated

capacity

if

and

to

the

extent

that

other

Participating

Funds

have

undrawn

capacity.

The

credit

facility

expires

in

June

2026,

unless

extended

or

renewed.

The

credit

facility

has

the

following

terms:

0.15%

per

annum

on

unused

commitment

amounts

and

a

drawn

interest

rate

equal

to

the

higher

of

(a) OBFR

(Overnight

Bank

Funding

Rate)

plus

1.20%

per

annum

or

(b) the

Fed

Funds

Effective

Rate

plus

1.20%

per

annum

on

amounts

borrowed. Interest

expense

incurred

by

the

Participating

Funds,

when

applicable,

is

recognized

as

a

component

of

"Interest

expense"

on

the

Statement

of

Operations.

Participating

Funds

paid

administration,

legal

and

arrangement

fees,

which

are

recognized

as

a

component

of

"Interest

expense"

on

the

Statement

of

Operations,

and

along

with

commitment

fees,

have

been

allocated

among

such

Participating

Funds

based

upon

the

relative

proportions

of

the

facility's

aggregate

capacity

reserved

for

them

and

other

factors

deemed

relevant

by

the

Adviser

and

the

Board

of

each

Participating

Fund.

During

the

current

fiscal

period,

the

Fund

did

not

utilize

this

facility.

Additional

Fund

Information

(Unaudited)

Board

of

Trustees

Joseph

A. Boateng

Michael

A. Forrester

Thomas

J. Kenny

Amy

B.R.

Lancellotta

Joanne

T. Medero

Albin

F. Moschner

John

K. Nelson

Loren

M. Starr

Matthew

Thornton

III

Terence

J. Toth

Margaret

L. Wolff

Robert

L. Young

Investment

Adviser

Nuveen

Fund

Advisors,

LLC

West

Wacker

Drive

Chicago,

IL

60606

Custodian

State

Street

Bank

&

Trust

Company

One

Congress

Street

Suite

Boston,

MA

02111

Legal

Counsel

Chapman

and

Cutler

LLP

Chicago,

IL

60603

Independent

Registered

Public

Accounting

Firm

PricewaterhouseCoopers

LLP

One

North

Wacker

Drive

Chicago,

IL

60606

Transfer

Agent

and

Shareholder

Services

DST

Asset

Manager

Solutions,

Inc.

(DST)

West

11th

Street

5th

Floor

Kansas

City,

MO

64105

(800) 257-8787

Portfolio

of

Investments

Information

The

Fund

is

required

to

file

its

complete

schedule

of

portfolio

holdings

with

the

Securities

and

Exchange

Commission

(SEC)

for

the

first

and

third

quarters

of

each

fiscal

year

as

an

exhibit

to

its

report

on

Form

N-PORT.

You

may

obtain

this

information

on

the

SEC's

website

at

http://www.sec.gov.

Nuveen

Funds'

Proxy

Voting

Information

You

may

obtain

(i) information

regarding

how

each

fund

voted

proxies

relating

to

portfolio

securities

held

during

the

most

recent

twelve-month

period

ended

June

30,

without

charge,

upon

request,

by

calling

Nuveen

toll-free

at

(800) 257-8787

or

on

Nuveen's

website

at

www.nuveen.com

and

(ii) a

description

of

the

policies

and

procedures

that

each

fund

used

to

determine

how

to

vote

proxies

relating

to

portfolio

securities

without

charge,

upon

request,

by

calling

Nuveen

toll-free

at

(800) 257-8787.

You

may

also

obtain

this

information

directly

from

the

SEC.

Visit

the

SEC

on-line

at

http://www.sec.gov.

FINRA

BrokerCheck

:

The

Financial

Industry

Regulatory

Authority

(FINRA)

provides

information

regarding

the

disciplinary

history

of

FINRA

member

firms

and

associated

investment

professionals.

This

information

as

well

as

an

investor

brochure

describing

FINRA

BrokerCheck

is

available

to

the

public

by

calling

the

FINRA

BrokerCheck

Hotline

number

at

(800) 289-9999

or

by

visiting

www.FINRA.org.

Glossary

of

Terms

Used

in

this

Report

(Unaudited)

Asset-Backed

Securities

(ABS):

Securities

whose

value

and

income

payments

are

derived

from

and

collateralized

by

a

specific

pool

of

underlying

assets.

The

pool

of

assets

typically

is

a

group

of

small

and/or

illiquid

assets

that

may

be

difficult

to

sell

individually.

The

underlying

pools

of

asset-backed

securities

often

include

payments

from

credit

cards,

auto

loans

or

mortgage

loans.

Average

Annual

Total

Return

:

This

is

a

commonly

used

method

to

express

an

investment's

performance

over

a

particular,

usually

multi-year

time

period.

It

expresses

the

return

that

would

have

been

necessary

each

year

to

equal

the

investment's

actual

cumulative

performance

(including

change

in

NAV

or

offer

price

and

reinvested

dividends

and

capital

gains

distributions,

if

any)

over

the

time

period

being

considered.

Collateralized

Loan

Obligation

(CLO)

:

A

security

backed

by

a

pool

of

debt,

often

low

rated

corporate

loans.

Collateralized

loan

obligations

(CLOs)

are

similar

to

collateralized

mortgage

obligations,

except

for

the

different

type

of

underlying

loan.

Net

Asset

Value

(NAV)

Per

Share:

A

fund's

Net

Assets

is

equal

to

its

total

assets

(securities,

cash,

accrued

earnings

and

receivables)

less

its

total

liabilities.

NAV

per

share

is

equal

to

the

fund's

Net

Assets

divided

by

its

number

of

shares

outstanding.

Nuveen

Securities,

LLC,

member

FINRA

and

SIPC

West

Wacker

Drive

Chicago,

IL

60606

www.nuveen.com

5278659

RSA-CLO-0226

Nuveen:

Serving

Investors

for

Generations

Since

1898,

financial

advisors

and

their

clients

have

relied

on

Nuveen

to

provide

dependable

investment

solutions

through

continued

adherence

to

proven,

long-term

investing

principles.

Today,

we

offer

a

range

of

high

quality

solutions

designed

to

be

integral

components

of

a

well-diversified

core

portfolio.

Focused

on

meeting

investor

needs.

Nuveen

is

the

investment

manager

of

TIAA.

We

have

grown

into

one

of

the

world's

premier

global

asset

managers,

with

specialist

knowledge

across

all

major

asset

classes

and

particular

strength

in

solutions

that

provide

income

for

investors

and

that

draw

on

our

expertise

in

alternatives

and

responsible

investing.

Nuveen

is

driven

not

only

by

the

independent

investment

processes

across

the

firm,

but

also

the

insights,

risk

management,

analytics

and

other

tools

and

resources

that

a

truly

world-class

platform

provides.

As

a

global

asset

manager,

our

mission

is

to

work

in

partnership

with

our

clients

to

create

solutions

which

help

them

secure

their

financial

future.

Find

out

how

we

can

help

you.

To

learn

more

about

how

the

products

and

services

of

Nuveen

may

be

able

to

help

you

meet

your

financial

goals,

talk

to

your

financial

advisor,

or

call

us

at

(800) 257-8787.

Please

read

the

information

provided

carefully

before

you

invest.

Investors

should

consider

the

investment

objective

and

policies,

risk

considerations,

charges

and

expenses

of

any

investment

carefully.

Where

applicable,

be

sure

to

obtain

a

prospectus,

which

contains

this

and

other

relevant

information.

To

obtain

a

prospectus,

please

contact

your

securities

representative

or

Nuveen,

W. Wacker

Dr.,

Chicago,

IL

60606. Please

read

the

prospectus

carefully

before

you

invest

or

send

money.

Learn

more

about

Nuveen

Funds

at:

www.nuveen.com/interval-funds

NOT

FDIC

INSURED

MAY

LOSE

VALUE

NO

BANK

GUARANTEE

------

**Item 2.** **Code of Ethics.** <br>

Not applicable to this filing.

------

**Item 3.** **Audit Committee Financial Expert.** <br>

Not applicable to this filing.

------

**Item 4.** **Principal Accountant Fees and Services.** <br>

Not applicable to this filing.

------

**Item 5.** **Audit Committee of Listed Registrants.** <br>

Not applicable to this filing.

------

**Item 6.** **Investments.** <br>

(a) Schedule of Investments is included as part of the Portfolio of Investments filed under Item 1 of this Form N-CSR.

(b) Not applicable.

------

**Item 7.** **Financial Statements and Financial Highlights for Open-End Management Investment Companies.** <br>

Not applicable to closed-end investment companies.

------

**Item 8.** **Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** <br>

Not applicable to closed-end investment companies.

------

**Item 9.** **Proxy Disclosures for Open-End Management Investment Companies.** <br>

Not applicable to closed-end investment companies.

------

**Item 10.** **Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** <br>

Not applicable to closed-end investment companies.

------

**Item 11.** **Statement Regarding Basis for Approval of Investment Advisory Contract.** <br>

Not applicable.

------

**Item 12.** **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** <br>

Not applicable to this filing.

------

**Item 13.** **Portfolio Managers of Closed-End Management Investment Companies.** <br>

Not applicable to this filing.

------

**Item 14.** **Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** <br>

Not applicable.

------

**Item 15.** **Submission of Matters to a Vote of Security Holders.** <br>

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board implemented after the registrant last provided disclosure in response to this Item.

------

**Item 16.** **Controls and Procedures.** <br>

(a) 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 Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(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 period covered by this report that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial reporting.

------

**Item 17.** **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** <br>

Not applicable.

------

**Item 18.** **Recovery of Erroneously Awarded Compensation.** <br>

(a) Not applicable.

(b) Not applicable.

------

**Item 19.** **Exhibits.** <br>

(a)(1) Not applicable to this filing.

(a)(2) Not applicable to this filing.

---

| | |
|:---|:---|
| (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.](d102944dex99cert.htm)  |

---

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.](d102944dex99906cert.htm)

------

**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.

<u>Nuveen Enhanced CLO Income Fund</u> 

---

| | | |
|:---|:---|:---|
| Date: May 7, 2026 | By: | /s/ David J. Lamb |
|  |  | David J. Lamb |
|  |  | Chief Administrative Officer |

---

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.

---

| | | |
|:---|:---|:---|
| Date: May 7, 2026 | By: | /s/ David J. Lamb |
|  |  | David J. Lamb |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |
| Date: May 7, 2026 | By: | /s/ Marc Cardella |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---

## Ex-99.Cert

**Exhibit 19(a)(3)** 

**<u>CERTIFICATION</u>**

I, David J. Lamb, certify that:

1. I have reviewed this report on Form N-CSR of Nuveen Enhanced CLO Income
Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

------

---

| | | |
|:---|:---|:---|
|  Date: May 7, 2026 | By: | /s/ David J. Lamb<br> David J. Lamb<br> Chief Administrative Officer<br> (principal executive officer) |

---

------

**<u>CERTIFICATION</u>**

I, Marc Cardella, certify that:

1. I have reviewed this report on Form N-CSR of Nuveen Enhanced CLO Income
Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

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| | | |
|:---|:---|:---|
|  Date: May 7, 2026 | By: | /s/ Marc Cardella<br> Marc Cardella<br> Vice President and Controller<br> (principal financial officer) |

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## Exhibit 99.906

**Exhibit 19(b)** 

**<u>CERTIFICATION</u>**

**Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002** 

**(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)** 

In connection with the semi-annual report of the Nuveen Enhanced CLO Income Fund (the "Fund") on Form N-CSR for the period ended February 28, 2026, as filed with the Securities and Exchange Commission (the "Report"), the undersigned officers of the Fund certify that, to the best of each such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Fund.

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| | | |
|:---|:---|:---|
| Date: May 7, 2026 | By: | /s/ David J. Lamb |
|  |  | David J. Lamb |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |
| Date: May 7, 2026 | By: | /s/ Marc Cardella <br>|
|  |  | Marc Cardella  |
|  |  | Vice President and Controller  |
|  |  | (principal financial officer) |

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