JTA | Nuveen Tax-Advantaged Total Return
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||
LONG-TERM INVESTMENTS – 145.4% (97.6% of Total Investments) | ||||||||||||||||
COMMON STOCKS – 99.6% (66.9% of Total Investments) | ||||||||||||||||
Aerospace & Defense – 2.4% | ||||||||||||||||
20,763 | General Dynamics Corp, (2) | $ | 4,070,171 | |||||||||||||
Air Freight & Logistics – 3.5% | ||||||||||||||||
93,212 | Deutsche Post AG, (5) | 5,845,303 | ||||||||||||||
Automobiles – 1.8% | ||||||||||||||||
56,335 | General Motors Co, (3), (4) | 2,969,418 | ||||||||||||||
Banks – 14.7% | ||||||||||||||||
309,049 | Bank Leumi Le-Israel BM, (5) | 2,618,584 | ||||||||||||||
58,952 | Citigroup Inc | 4,137,251 | ||||||||||||||
257,687 | ING Groep NV, Sponsored ADR | 3,733,885 | ||||||||||||||
25,802 | JPMorgan Chase & Co | 4,223,529 | ||||||||||||||
233,187 | Nordea Bank Abp, (3), (5) | 3,022,253 | ||||||||||||||
317,489 | Oversea-Chinese Banking Corp Ltd, (5) | 2,673,489 | ||||||||||||||
89,245 | Wells Fargo & Co | 4,141,860 | ||||||||||||||
Total Banks | 24,550,851 | |||||||||||||||
Biotechnology – 2.5% | ||||||||||||||||
37,805 | AbbVie Inc | 4,078,025 | ||||||||||||||
Capital Markets – 1.5% | ||||||||||||||||
153,705 | Deutsche Boerse AG, ADR, (4) | 2,486,947 | ||||||||||||||
Chemicals – 5.6% | ||||||||||||||||
15,789 | Air Liquide SA, (5) | 2,528,767 | ||||||||||||||
52,378 | DuPont de Nemours Inc, (4) | 3,561,180 | ||||||||||||||
51,008 | Nutrien Ltd | 3,310,728 | ||||||||||||||
Total Chemicals | 9,400,675 | |||||||||||||||
Communications Equipment – 2.5% | ||||||||||||||||
77,289 | Cisco Systems Inc, (2) | 4,206,840 | ||||||||||||||
Electrical Equipment – 1.6% | ||||||||||||||||
18,341 | Eaton Corp PLC, (4) | 2,738,495 | ||||||||||||||
Energy Equipment & Services – 0.0% | ||||||||||||||||
3,683 | Transocean Ltd, (3) | 13,959 | ||||||||||||||
Entertainment – 2.3% | ||||||||||||||||
2,099 | Metro-Goldwyn-Mayer Inc, (3), (5) | 274,839 | ||||||||||||||
7,375 | Nintendo Co Ltd, (5) | 3,524,384 | ||||||||||||||
Total Entertainment | 3,799,223 | |||||||||||||||
Food & Staples Retailing – 2.3% | ||||||||||||||||
27,566 | Walmart Inc, (4) | 3,842,149 | ||||||||||||||
Food Products – 1.4% | ||||||||||||||||
1,282,500 | Tingyi Cayman Islands Holding Corp, (5) | 2,384,567 | ||||||||||||||
Health Care Equipment & Supplies – 2.4% | ||||||||||||||||
31,207 | Medtronic PLC, (4) | 3,911,797 |
1
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||
Health Care Providers & Services – 4.4% | ||||||||||||||||
12,142 | Anthem Inc | $ | 4,526,538 | |||||||||||||
40,512 | Fresenius Medical Care AG & Co KGaA, (5) | 2,841,684 | ||||||||||||||
6,140 | Millennium Health LLC, (3), (6) | 5,735 | ||||||||||||||
5,767 | Millennium Health LLC, (3), (6) | 4,810 | ||||||||||||||
Total Health Care Providers & Services | 7,378,767 | |||||||||||||||
Hotels, Restaurants & Leisure – 1.7% | ||||||||||||||||
27,702 | 24 Hour Fitness Worldwide Inc, (5) | 76,181 | ||||||||||||||
58,263 | 24 Hour Fitness Worldwide Inc, (3), (5) | 116,526 | ||||||||||||||
17,841 | Darden Restaurants Inc | 2,702,376 | ||||||||||||||
Total Hotels, Restaurants & Leisure | 2,895,083 | |||||||||||||||
Household Durables – 1.4% | ||||||||||||||||
49,088 | PulteGroup Inc, (4) | 2,254,121 | ||||||||||||||
Industrial Conglomerates – 3.3% | ||||||||||||||||
33,210 | Siemens AG, (5) | 5,431,529 | ||||||||||||||
Insurance – 5.1% | ||||||||||||||||
57,948 | Ageas SA/NV, (5) | 2,869,610 | ||||||||||||||
11,603 | Allianz SE, (5) | 2,599,601 | ||||||||||||||
11,995 | Everest Re Group Ltd, (4) | 3,008,106 | ||||||||||||||
Total Insurance | 8,477,317 | |||||||||||||||
IT Services – 1.7% | ||||||||||||||||
13,451 | Capgemini SE, (5) | 2,789,424 | ||||||||||||||
Media – 4.1% | ||||||||||||||||
14,015 | Clear Channel Outdoor Holdings Inc, (3) | 37,981 | ||||||||||||||
70,215 | Comcast Corp, (2) | 3,927,125 | ||||||||||||||
1 | Cumulus Media Inc, (3) | 12 | ||||||||||||||
165,600 | Hakuhodo DY Holdings Inc, (5) | 2,849,801 | ||||||||||||||
3,185 | Tribune Co, (3), (5) | 32 | ||||||||||||||
Total Media | 6,814,951 | |||||||||||||||
Metals & Mining – 1.4% | ||||||||||||||||
90,221 | BHP Group PLC, (5) | 2,273,059 | ||||||||||||||
Multi-Utilities – 3.2% | �� | |||||||||||||||
28,389 | Dominion Energy Inc | 2,072,965 | ||||||||||||||
277,251 | National Grid PLC, (5) | 3,303,644 | ||||||||||||||
Total Multi-Utilities | 5,376,609 | |||||||||||||||
Oil, Gas & Consumable Fuels – 4.7% | ||||||||||||||||
32,045 | Chevron Corp, (2), (4) | 3,250,966 | ||||||||||||||
197,380 | Enterprise Products Partners LP, (4) | 4,271,303 | ||||||||||||||
3,057 | Fieldwood Energy LLC, (3), (5) | 305,700 | ||||||||||||||
Total Oil, Gas & Consumable Fuels | 7,827,969 | |||||||||||||||
Personal Products–1.6% | ||||||||||||||||
44,500 | Kao Corp, (5) | 2,648,354 | ||||||||||||||
Pharmaceuticals – 4.0%(2.7% | ||||||||||||||||
68,486 | AstraZeneca PLC, Sponsored ADR, (4) | 4,113,269 | ||||||||||||||
68,277 | GlaxoSmithKline PLC, Sponsored ADR | 2,608,864 | ||||||||||||||
Total Pharmaceuticals | 6,722,133 | |||||||||||||||
Semiconductors & Semiconductor Equipment – 1.6% | ||||||||||||||||
997 | Broadcom Inc, (4) | 483,475 | ||||||||||||||
39,992 | Intel Corp, (4) | 2,130,774 | ||||||||||||||
Total Semiconductors & Semiconductor Equipment | 2,614,249 |
2
Shares | Description (1) | Value | ||||||||||||||
Software – 4.8% | ||||||||||||||||
14,192 | Microsoft Corp | $ | 4,001,009 | |||||||||||||
46,397 | Oracle Corp | 4,042,570 | ||||||||||||||
Total Software | 8,043,579 | |||||||||||||||
Specialty Retail – 4.4% | ||||||||||||||||
75,982 | Industria de Diseno Textil SA, (5) | 2,795,814 | ||||||||||||||
12,410 | Lowe’s Cos Inc, (4) | 2,517,492 | ||||||||||||||
1,698,000 | Topsports International Holdings Ltd, 144A, (5) | 1,928,421 | ||||||||||||||
Total Specialty Retail | 7,241,727 | |||||||||||||||
Technology Hardware, Storage & Peripherals – 2.2% | ||||||||||||||||
63,198 | Samsung Electronics Co Ltd, (5) | 3,686,887 | ||||||||||||||
Tobacco – 1.4%(0.9% | ||||||||||||||||
24,078 | Philip Morris International Inc | 2,282,354 | ||||||||||||||
Trading Companies & Distributors – 1.5% | ||||||||||||||||
115,700 | Mitsui & Co Ltd, (5) | 2,530,009 | ||||||||||||||
Wireless Telecommunication Services – 2.6% | ||||||||||||||||
16,052 | SK Telecom Co Ltd, (5) | 4,359,984 | ||||||||||||||
Total Common Stocks (cost $127,549,378) | 165,946,525 |
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
VARIABLE RATE SENIOR LOAN INTERESTS–30.1%(20.2% of Total Investments) (7) |
| |||||||||||||||||||||||||||
Aerospace & Defense – 0.2% | ||||||||||||||||||||||||||||
$ | 77 | Dynasty Acquisition Co., Inc., Term Loan B1 | 3.632% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | $ | 75,818 | |||||||||||||||||||
42 | Dynasty Acquisition Co., Inc., Term Loan B2 | 3.632% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | 40,762 | |||||||||||||||||||||
250 | Maxar Technologies Ltd., Term Loan B | 2.840% | 1-Month LIBOR | 2.750% | 10/05/24 | B | 248,321 | |||||||||||||||||||||
369 | Total Aerospace & Defense | 364,901 | ||||||||||||||||||||||||||
Airlines – 0.3% | ||||||||||||||||||||||||||||
225 | Air Canada, Term Loan B | 4.250% | 3-Month LIBOR | 3.500% | 8/11/28 | Ba2 | 226,218 | |||||||||||||||||||||
17 | American Airlines, Inc., Term Loan | 2.084% | 1-Month LIBOR | 2.000% | 12/14/23 | Ba3 | 17,029 | |||||||||||||||||||||
32 | Kestrel Bidco Inc., Term Loan B | 4.000% | 6-Month LIBOR | 3.000% | 12/11/26 | BB- | 31,479 | |||||||||||||||||||||
249 | United Airlines, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 4/21/28 | Ba1 | 251,026 | |||||||||||||||||||||
523 | Total Airlines | �� | 525,752 | |||||||||||||||||||||||||
Auto Components – 0.4% | ||||||||||||||||||||||||||||
498 | Adient US LLC, Term Loan B | 3.584% | 1-Month LIBOR | 3.500% | 4/08/28 | BB- | 499,426 | |||||||||||||||||||||
127 | Clarios Global LP, Term Loan B | 3.337% | 1-Month LIBOR | 3.250% | 4/30/26 | B1 | 126,385 | |||||||||||||||||||||
38 | DexKo Global, Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 37,816 | |||||||||||||||||||||
7 | DexKo Global, Inc., Term Loan B, (WI/DD), (10) | TBD | TBD | TBD | TBD | B1 | 7,203 | |||||||||||||||||||||
670 | Total Auto Components | 670,830 | ||||||||||||||||||||||||||
Building Products – 0.4% | ||||||||||||||||||||||||||||
156 | Advanced Drainage Systems Inc, Term Loan B | 2.375% | 1-Month LIBOR | 2.250% | 9/24/26 | Baa3 | 156,104 | |||||||||||||||||||||
100 | All-Star Bidco AB, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B2 | 99,937 | |||||||||||||||||||||
373 | Cornerstone Building Brands, Inc., Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 4/12/28 | B+ | 373,049 | |||||||||||||||||||||
629 | Total Building Products | 629,090 |
3
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Capital Markets – 0.0% | ||||||||||||||||||||||||||||
$ | 79 | RPI Intermediate Finance Trust, Term Loan B1 | 1.834% | 1-Month LIBOR | 1.750% | 2/11/27 | BBB- | $ | 78,834 | |||||||||||||||||||
Chemicals – 0.9% | ||||||||||||||||||||||||||||
597 | Atotech B.V., Term Loan B, (DD1) | 3.000% | 3-Month LIBOR | 2.500% | 3/18/28 | B+ | 597,187 | |||||||||||||||||||||
551 | Axalta Coating Systems US Holdings Inc., Term Loan B3 | 1.882% | 3-Month LIBOR | 1.750% | 6/01/24 | BBB- | 550,358 | |||||||||||||||||||||
70 | Diamond BC BV, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | Ba3 | 70,141 | |||||||||||||||||||||
243 | H.B. Fuller Company, Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 10/21/24 | BBB- | 243,496 | |||||||||||||||||||||
47 | Lonza Group AG, Term Loan B | 4.750% | 6-Month LIBOR | 4.000% | 7/02/28 | B2 | 47,083 | |||||||||||||||||||||
21 | Sparta U.S. HoldCo LLC, Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 8/02/28 | B+ | 21,066 | |||||||||||||||||||||
1,529 | Total Chemicals | 1,529,331 | ||||||||||||||||||||||||||
Commercial Services & Supplies – 1.1% | ||||||||||||||||||||||||||||
75 | Clean Harbors Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 75,156 | |||||||||||||||||||||
510 | Delta 2 (LUX) S.a.r.l., Term Loan | 3.500% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 509,158 | |||||||||||||||||||||
351 | GFL Environmental Inc., Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 5/30/25 | BB- | 352,018 | |||||||||||||||||||||
51 | Prime Security Services Borrower, LLC, Term Loan, (DD1) | 3.500% | 12-Month LIBOR | 2.750% | 9/23/26 | BB- | 50,757 | |||||||||||||||||||||
101 | Prime Security Services Borrower, LLC, Term Loan, (DD1) | 3.500% | 6-Month LIBOR | 2.750% | 9/23/26 | BB- | 101,513 | |||||||||||||||||||||
51 | Prime Security Services Borrower, LLC, Term Loan, (DD1) | 3.500% | 3-Month LIBOR | 2.750% | 9/23/26 | BB- | 50,757 | |||||||||||||||||||||
77 | Prime Security Services Borrower, LLC, Term Loan, (DD1) | 3.500% | 1-Month LIBOR | 2.750% | 9/23/26 | BB- | 77,658 | |||||||||||||||||||||
64 | Sabert Corporation, Term Loan B | 5.500% | 1-Month LIBOR | 4.500% | 12/10/26 | B | 64,028 | |||||||||||||||||||||
12 | Trans Union, LLC, Term Loan B5 | 1.834% | 1-Month LIBOR | 1.750% | 11/13/26 | BBB- | 11,942 | |||||||||||||||||||||
25 | Travelport Finance (Luxembourg) S.a.r.l., Term Loan, (cash 3.500%, PIK 6.500%) | 3.500% | 3-Month LIBOR | 2.500% | 2/28/25 | B- | 25,690 | |||||||||||||||||||||
37 | West Corporation, Term Loan B1 | 4.500% | 3-Month LIBOR | 3.500% | 10/10/24 | B2 | 36,256 | |||||||||||||||||||||
485 | WEX Inc., Term Loan | 2.334% | 1-Month LIBOR | 2.250% | 4/01/28 | Ba2 | 483,779 | |||||||||||||||||||||
1,839 | Total Commercial Services & Supplies | 1,838,712 | ||||||||||||||||||||||||||
Communications Equipment – 0.4% | ||||||||||||||||||||||||||||
76 | CommScope, Inc., Term Loan B | 3.336% | 1-Month LIBOR | 3.250% | 4/04/26 | Ba3 | 75,715 | |||||||||||||||||||||
225 | MetroNet Systems Holdings, LLC, Term Loan, First Lien | 4.500% | 1-Month LIBOR | 3.750% | 6/02/28 | B2 | 225,279 | |||||||||||||||||||||
25 | MetroNet Systems Holdings, LLC, Term Loan, First Lien | 4.500% | 3-Month LIBOR | 3.750% | 6/02/28 | B2 | 25,031 | |||||||||||||||||||||
33 | Riverbed Technology, Inc., Term Loan B | 7.000% | 3-Month LIBOR | 6.000% | 12/31/25 | B2 | 29,698 | |||||||||||||||||||||
325 | Univision Communications Inc., Term Loan C5 | 2.834% | 1-Month LIBOR | 2.750% | 3/15/24 | B | 325,440 | |||||||||||||||||||||
684 | Total Communications Equipment | 681,163 | ||||||||||||||||||||||||||
Construction & Engineering – 0.9% | ||||||||||||||||||||||||||||
748 | AECOM, Term Loan B | 1.834% | 1-Month LIBOR | 1.750% | 4/13/28 | BBB- | 749,154 | |||||||||||||||||||||
350 | Brown Group Holding, LLC, Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 4/22/28 | B+ | 350,584 | |||||||||||||||||||||
100 | Centuri Group, Inc, Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 8/27/28 | Ba2 | 100,083 | |||||||||||||||||||||
200 | FrontDoor Inc, Term Loan B | 2.335% | 1-Month LIBOR | 2.250% | 6/17/28 | Ba2 | 199,625 | |||||||||||||||||||||
40 | Zurn Holdings Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BB | 40,080 | |||||||||||||||||||||
1,438 | Total Construction & Engineering | 1,439,526 | ||||||||||||||||||||||||||
Containers & Packaging – 0.3% | ||||||||||||||||||||||||||||
45 | Grinding Media Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B | 45,169 | |||||||||||||||||||||
330 | Reynolds Consumer Products LLC, Term Loan | 1.834% | 1-Month LIBOR | 1.750% | 2/04/27 | BBB- | 329,964 | |||||||||||||||||||||
50 | Reynolds Group Holdings Inc. , Term Loan B | 4.000% | 1-Month LIBOR | 3.500% | 9/24/28 | B+ | 50,000 | |||||||||||||||||||||
425 | Total Containers & Packaging | 425,133 |
4
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Distributors – 0.4% | ||||||||||||||||||||||||||||
$ | 250 | Core & Main LP, Term Loan B | 2.586% | 1-Month LIBOR | 2.500% | 6/10/28 | Ba3 | $ | 249,428 | |||||||||||||||||||
396 | Univar Solutions USA Inc., Term Loan B6 | 2.084% | 1-Month LIBOR | 2.000% | 6/03/28 | BBB- | 395,354 | |||||||||||||||||||||
646 | Total Distributors | 644,782 | ||||||||||||||||||||||||||
Diversified Financial Services – 0.9% | ||||||||||||||||||||||||||||
24 | Avaya, Inc., Term Loan B2, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 24,163 | |||||||||||||||||||||
748 | Fleetcor Technologies Operating Company, LLC, Term Loan B4 | 1.834% | 1-Month LIBOR | 1.750% | 4/30/28 | BB+ | 747,325 | |||||||||||||||||||||
330 | Lions Gate Capital Holdings LLC, Term Loan B | 2.334% | 1-Month LIBOR | 2.250% | 3/24/25 | Ba2 | 328,220 | |||||||||||||||||||||
376 | Verscend Holding Corp., Term Loan B | 4.084% | 1-Month LIBOR | 4.000% | 8/27/25 | BB- | 376,279 | |||||||||||||||||||||
1,478 | Total Diversified Financial Services | 1,475,987 | ||||||||||||||||||||||||||
Diversified Telecommunication Services – 0.9% | ||||||||||||||||||||||||||||
60 | Altice France S.A., Term Loan B12 | 3.814% | 3-Month LIBOR | 3.688% | 1/31/26 | B | 59,615 | |||||||||||||||||||||
486 | Altice France S.A., Term Loan B13 | 4.125% | 3-Month LIBOR | 4.000% | 8/14/26 | B | 485,642 | |||||||||||||||||||||
796 | CenturyLink, Inc., Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 3/15/27 | BBB- | 787,963 | |||||||||||||||||||||
12 | Frontier Communications Corp., DIP Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 10/08/27 | BB+ | 12,191 | |||||||||||||||||||||
40 | Intelsat Jackson Holdings S.A., Term Loan B4, (11) | 8.750% | 3-Month LIBOR | 5.500% | 1/02/24 | N/R | 40,763 | |||||||||||||||||||||
64 | Intelsat Jackson Holdings S.A., Term Loan B5, (11) | 8.625% | Fixed | 8.625% | 1/02/24 | N/R | 65,201 | |||||||||||||||||||||
1,458 | Total Diversified Telecommunication Services | 1,451,375 | ||||||||||||||||||||||||||
Electric Utilities – 0.0% | ||||||||||||||||||||||||||||
3 | Vistra Operations Company LLC, Term Loan, First Lien B3, (DD1) | 1.834% | 1-Month LIBOR | 1.750% | 12/31/25 | BBB- | 2,924 | |||||||||||||||||||||
Electrical Equipment – 0.3% | ||||||||||||||||||||||||||||
275 | Avolon TLB Borrower 1 (US) LLC, Term Loan B4 | 2.250% | 1-Month LIBOR | 1.500% | 2/12/27 | Baa2 | 272,800 | |||||||||||||||||||||
279 | Ingram Micro Inc., Term Loan B | 4.000% | 3-Month LIBOR | 3.500% | 7/02/28 | BB+ | 280,313 | |||||||||||||||||||||
554 | Total Electrical Equipment | 553,113 | ||||||||||||||||||||||||||
Entertainment – 0.3% | ||||||||||||||||||||||||||||
9 | AMC Entertainment Holdings, Inc., Term Loan B | 3.083% | 1-Month LIBOR | 3.000% | 4/22/26 | B- | 8,615 | |||||||||||||||||||||
297 | Crown Finance US, Inc., Term Loan | 3.500% | 6-Month LIBOR | 2.500% | 2/28/25 | CCC | 245,273 | |||||||||||||||||||||
40 | Crown Finance US, Inc., Term Loan, (DD1) | 3.750% | 3-Month LIBOR | 2.750% | 9/20/26 | CCC | 33,095 | |||||||||||||||||||||
27 | Crown Finance US, Inc., Term Loan B1 | 9.250% | 3-Month LIBOR | 8.250% | 5/23/24 | B- | 29,308 | |||||||||||||||||||||
24 | Metro-Goldwyn-Mayer Inc., Term Loan, First Lien | 2.590% | 1-Month LIBOR | 2.500% | 7/03/25 | BB- | 24,376 | |||||||||||||||||||||
249 | William Morris Endeavor Entertainment, LLC, Term Loan, First Lien | 2.840% | 1-Month LIBOR | 2.750% | 5/16/25 | B | 244,330 | |||||||||||||||||||||
646 | Total Entertainment | 584,997 | ||||||||||||||||||||||||||
Food Products – 0.4% | ||||||||||||||||||||||||||||
207 | B&G Foods, Inc., Term Loan B4 | 2.584% | 1-Month LIBOR | 2.500% | 10/10/26 | BB | 206,738 | |||||||||||||||||||||
385 | Froneri International Ltd., Term Loan | 2.334% | 1-Month LIBOR | 2.250% | 1/31/27 | B+ | 381,253 | |||||||||||||||||||||
100 | Sycamore Buyer LLC, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 99,812 | |||||||||||||||||||||
692 | Total Food Products | 687,803 | ||||||||||||||||||||||||||
Health Care Equipment & Supplies – 0.6% | ||||||||||||||||||||||||||||
499 | Insulet Corporation, Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 5/04/28 | Ba3 | 500,830 | |||||||||||||||||||||
500 | Mozart Borrower LP, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 499,062 | |||||||||||||||||||||
999 | Total Health Care Equipment & Supplies | 999,892 |
5
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Health Care Providers & Services – 1.5% | ||||||||||||||||||||||||||||
$ | 250 | AHP Health Partners, Inc., Term Loan B | 4.000% | 1-Month LIBOR | 3.500% | 8/23/28 | B1 | $ | 251,016 | |||||||||||||||||||
40 | CHG Healthcare Services Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 40,107 | |||||||||||||||||||||
166 | Gates Global LLC, Term Loan B3 | 3.250% | 1-Month LIBOR | 2.500% | 3/31/27 | B+ | 166,375 | |||||||||||||||||||||
496 | Global Medical Response, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 10/02/25 | B | 498,793 | |||||||||||||||||||||
50 | Global Medical Response, Inc., Term Loan B2, (WI/DD) | TBD | TBD | TBD | TBD | B | 50,256 | |||||||||||||||||||||
329 | Onex TSG Intermediate Corp., Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 2/26/28 | B | 332,302 | |||||||||||||||||||||
226 | Phoenix Guarantor Inc, Term Loan B | 3.336% | 1-Month LIBOR | 3.250% | 3/05/26 | B1 | 224,499 | |||||||||||||||||||||
249 | Phoenix Guarantor Inc, Term Loan B3 | 3.585% | 1-Month LIBOR | 3.500% | 3/05/26 | B1 | 248,128 | |||||||||||||||||||||
716 | RegionalCare Hospital Partners Holdings, Inc., Term Loan B | 3.835% | 1-Month LIBOR | 3.750% | 11/16/25 | B1 | 715,540 | |||||||||||||||||||||
32 | Surgery Center Holdings, Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 32,011 | |||||||||||||||||||||
2,554 | Total Health Care Providers & Services | 2,559,027 | ||||||||||||||||||||||||||
Health Care Technology – 0.5% | ||||||||||||||||||||||||||||
593 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 3-Month LIBOR | 2.500% | 3/01/24 | B+ | 592,738 | |||||||||||||||||||||
5 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 5,287 | |||||||||||||||||||||
246 | Zelis Healthcare Corporation, Term Loan | 3.586% | 1-Month LIBOR | 3.500% | 9/30/26 | B | 244,931 | |||||||||||||||||||||
844 | Total Health Care Technology | 842,956 | ||||||||||||||||||||||||||
Hotels, Restaurants & Leisure – 3.5% | ||||||||||||||||||||||||||||
915 | 1011778 B.C. Unlimited Liability Company, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 11/19/26 | BB+ | 905,047 | |||||||||||||||||||||
119 | 24 Hour Fitness Worldwide, Inc., Exit Term Loan, (cash 0.132%, PIK 5.000%) | 5.132% | 3-Month LIBOR | 5.000% | 12/29/25 | B3 | 103,154 | |||||||||||||||||||||
48 | All Day AcquisitionCo LLC, Term Loan | 5.132% | 3-Month LIBOR | 5.000% | 9/29/26 | N/R | 43,260 | |||||||||||||||||||||
376 | Aramark Services, Inc., Term Loan B3 | 1.834% | 1-Month LIBOR | 1.750% | 3/11/25 | BB+ | 368,921 | |||||||||||||||||||||
375 | Bally’s Corp., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | Ba2 | 375,366 | |||||||||||||||||||||
351 | Caesars Resort Collection, LLC, Term Loan, First Lien B | 2.834% | 1-Month LIBOR | 2.750% | 12/22/24 | B+ | 349,761 | |||||||||||||||||||||
47 | Crown Finance US, Inc., Term Loan B1, (cash 7.132%, PIK 8.250%) | 7.132% | 3-Month LIBOR | 7.000% | 5/23/24 | B- | 57,556 | |||||||||||||||||||||
994 | Golden Nugget, Inc., Term Loan B | 3.250% | 2-Month LIBOR | 2.500% | 10/04/23 | B | 990,921 | |||||||||||||||||||||
500 | Hilton Grand Vacations Borrower LLC, Term Loan B | 3.500% | 1-Month LIBOR | 3.000% | 8/02/28 | Ba1 | 501,750 | |||||||||||||||||||||
261 | Hilton Worldwide Finance, LLC, Term Loan B2 | 1.836% | 1-Month LIBOR | 1.750% | 6/21/26 | BBB- | 259,395 | |||||||||||||||||||||
149 | IRB Holding Corp, Term Loan | 4.250% | 3-Month LIBOR | 3.250% | 12/15/27 | B | 149,656 | |||||||||||||||||||||
373 | KFC Holding Co., Term Loan B | 1.836% | 1-Month LIBOR | 1.750% | 3/15/28 | BBB- | 373,625 | |||||||||||||||||||||
436 | Marriott Ownership Resorts, Inc., Term Loan B | 1.834% | 1-Month LIBOR | 1.750% | 8/31/25 | Ba1 | 429,414 | |||||||||||||||||||||
214 | PCI Gaming Authority, Term Loan | 2.584% | 1-Month LIBOR | 2.500% | 5/31/26 | BBB- | 213,304 | |||||||||||||||||||||
249 | Scientific Games International, Inc., Term Loan B5 | 2.834% | 1-Month LIBOR | 2.750% | 8/14/24 | B+ | 247,919 | |||||||||||||||||||||
200 | SeaWorld Parks & Entertainment, Inc., Term Loan B | 3.500% | 1-Month LIBOR | 3.000% | 8/25/28 | BB- | 199,626 | |||||||||||||||||||||
344 | Stars Group Holdings B.V. (The), Term Loan | 3.632% | 3-Month LIBOR | 2.250% | 7/10/25 | BBB | 343,255 | |||||||||||||||||||||
5,951 | Total Hotels, Restaurants & Leisure | 5,911,930 | ||||||||||||||||||||||||||
Household Durables – 0.1% | ||||||||||||||||||||||||||||
94 | Serta Simmons Bedding, LLC, Term Loan, (11) | 8.500% | 1-Month LIBOR | 7.500% | 8/10/23 | B- | 90,027 | |||||||||||||||||||||
1 | Weber-Stephen Products LLC, Term Loan B | 4.000% | 6-Month LIBOR | 3.250% | 10/30/27 | B1 | 459 | |||||||||||||||||||||
15 | Weber-Stephen Products LLC, Term Loan B | 4.000% | 1-Month LIBOR | 3.250% | 10/30/27 | B1 | 15,184 | |||||||||||||||||||||
110 | Total Household Durables | 105,670 |
6
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Insurance – 0.9% | ||||||||||||||||||||||||||||
$ | 246 | Acrisure, LLC, Term Loan B | 3.632% | 3-Month LIBOR | 3.500% | 2/15/27 | B | $ | 244,403 | |||||||||||||||||||
498 | Alliant Holdings Intermediate, LLC, Term Loan B3 | 4.250% | 1-Month LIBOR | 3.750% | 11/06/27 | B | 498,800 | |||||||||||||||||||||
200 | Asurion LLC, Term Loan B6 | 3.209% | 1-Month LIBOR | 3.125% | 11/03/23 | Ba3 | 199,122 | |||||||||||||||||||||
249 | Asurion LLC, Term Loan B8 | 3.334% | 1-Month LIBOR | 3.250% | 12/23/26 | Ba3 | 245,370 | |||||||||||||||||||||
150 | Asurion LLC, Term Loan, Second Lien B4 | 5.334% | 1-Month LIBOR | 5.250% | 1/15/29 | B | 149,494 | |||||||||||||||||||||
197 | Broadstreet Partners, Inc., Term Loan B | 3.084% | 1-Month LIBOR | 3.000% | 1/27/27 | B1 | 195,005 | |||||||||||||||||||||
1,540 | Total Insurance | 1,532,194 | ||||||||||||||||||||||||||
Interactive Media & Services – 0.4% | ||||||||||||||||||||||||||||
748 | Rackspace Technology Global, Inc., Term Loan B | 3.500% | 3-Month LIBOR | 2.750% | 2/09/28 | B+ | 743,535 | |||||||||||||||||||||
Internet & Direct Marketing Retail – 0.1% | ||||||||||||||||||||||||||||
249 | CNT Holdings I Corp, Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 11/08/27 | B | 249,321 | |||||||||||||||||||||
Internet Software & Services – 0.3% | ||||||||||||||||||||||||||||
154 | Banff Merger Sub Inc, Term Loan | 3.882% | 3-Month LIBOR | 3.750% | 10/02/25 | B2 | 153,355 | |||||||||||||||||||||
289 | Uber Technologies, Inc., Term Loan, First Lien B | 3.584% | 1-Month LIBOR | 3.500% | 4/04/25 | B+ | 289,837 | |||||||||||||||||||||
443 | Total Internet Software & Services | 443,192 | ||||||||||||||||||||||||||
IT Services – 0.6% | ||||||||||||||||||||||||||||
35 | CCC Intelligent Solutions Inc., Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 9/21/28 | B1 | 35,011 | |||||||||||||||||||||
215 | Intrado Corporation, Term Loan | 4.743% | 2-Month LIBOR | 4.000% | 10/10/24 | B2 | 212,295 | |||||||||||||||||||||
250 | Magenta Buyer LLC, Term Loan, First Lien | 5.750% | 3-Month LIBOR | 5.000% | 7/27/28 | BB- | 250,312 | |||||||||||||||||||||
422 | Tempo Acquisition LLC, Extended Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 10/31/26 | BB- | 422,975 | |||||||||||||||||||||
922 | Total IT Services | 920,593 | ||||||||||||||||||||||||||
Leisure Products – 0.1% | ||||||||||||||||||||||||||||
46 | SRAM, LLC , Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 5/18/28 | BB- | 45,492 | |||||||||||||||||||||
182 | SRAM, LLC , Term Loan B | 3.250% | 6-Month LIBOR | 2.750% | 5/18/28 | BB- | 181,969 | |||||||||||||||||||||
11 | SRAM, LLC , Term Loan B | 3.250% | 1-Month LIBOR | 2.750% | 5/18/28 | BB- | 11,373 | |||||||||||||||||||||
239 | Total Leisure Product | 238,834 | ||||||||||||||||||||||||||
Life Sciences Tools & Services – 0.6% | ||||||||||||||||||||||||||||
195 | Phoenix Newco Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 195,275 | |||||||||||||||||||||
746 | PPD, Inc., Initial Term Loan | 2.500% | 1-Month LIBOR | 2.000% | 1/13/28 | Ba2 | 745,940 | |||||||||||||||||||||
941 | Total Life Sciences Tools & Services | 941,215 | ||||||||||||||||||||||||||
Machinery – 0.5% | ||||||||||||||||||||||||||||
295 | Alliance Laundry Systems LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.500% | 10/08/27 | B | 295,323 | |||||||||||||||||||||
262 | Standard Industries Inc/NJ, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 262,963 | |||||||||||||||||||||
32 | Vertical US Newco Inc, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 32,098 | |||||||||||||||||||||
246 | Vertiv Group Corporation, Term Loan B | 2.833% | 1-Month LIBOR | 2.750% | 3/02/27 | BB- | 245,083 | |||||||||||||||||||||
835 | Total Machinery | 835,467 | ||||||||||||||||||||||||||
Marine – 0.1% | ||||||||||||||||||||||||||||
116 | HGIM Corp., Exit Term Loan, (DD1) | 7.000% | 3-Month LIBOR | 6.000% | 7/02/23 | Caa3 | 86,726 |
7
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Media – 4.3% | ||||||||||||||||||||||||||||
$ | 748 | Cable One, Inc., Term Loan B4 | 2.084% | 1-Month LIBOR | 2.000% | 5/03/28 | BB+ | $ | 745,084 | |||||||||||||||||||
461 | Charter Communications Operating, LLC, Term Loan B2 | 1.840% | 1-Month LIBOR | 1.750% | 2/01/27 | BBB- | 458,531 | |||||||||||||||||||||
439 | Clear Channel Outdoor Holdings, Inc., Term Loan B | 3.629% | 3-Month LIBOR | 3.500% | 8/21/26 | B1 | 430,615 | |||||||||||||||||||||
861 | CSC Holdings, LLC, Term Loan | 2.334% | 1-Month LIBOR | 2.250% | 1/15/26 | BB | 851,323 | |||||||||||||||||||||
98 | CSC Holdings, LLC, Term Loan B1 | 2.334% | 1-Month LIBOR | 2.250% | 7/17/25 | BB | 96,783 | |||||||||||||||||||||
358 | CSC Holdings, LLC, Term Loan B5 | 2.584% | 1-Month LIBOR | 2.500% | 4/15/27 | BB | 354,858 | |||||||||||||||||||||
28 | Cumulus Media New Holdings Inc., Term Loan B | 4.750% | 1-Month LIBOR | 3.750% | 3/31/26 | B | 27,677 | |||||||||||||||||||||
34 | Diamond Sports Group, LLC, Term Loan | 3.340% | 1-Month LIBOR | 3.250% | 8/24/26 | Caa1 | 21,213 | |||||||||||||||||||||
646 | DirecTV Financing, LLC, Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 8/02/27 | BBB- | 647,143 | |||||||||||||||||||||
415 | iHeartCommunications, Inc., Term Loan | 3.084% | 1-Month LIBOR | 3.000% | 5/01/26 | B+ | 412,068 | |||||||||||||||||||||
188 | Intelsat Jackson Holdings S.A., DIP Term Loan, (11) | 5.392% | 3-Month LIBOR | 4.750% | 7/13/22 | N/R | 189,686 | |||||||||||||||||||||
311 | Intelsat Jackson Holdings S.A., Term Loan B3, (11) | 8.000% | 1-Month LIBOR | 4.750% | 11/27/23 | N/R | 315,636 | |||||||||||||||||||||
80 | McGraw-Hill Global Education Holdings, LLC, Term Loan | 5.250% | 1-Month LIBOR | 4.750% | 7/30/28 | B2 | 80,343 | |||||||||||||||||||||
79 | Meredith Corporation, Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 1/31/25 | BB- | 80,802 | |||||||||||||||||||||
386 | Meredith Corporation, Term Loan B2 | 2.584% | 1-Month LIBOR | 2.500% | 1/31/25 | BB- | 385,383 | |||||||||||||||||||||
137 | Nexstar Broadcasting, Inc., Term Loan B3 | 2.334% | 1-Month LIBOR | 2.250% | 1/17/24 | BBB- | 137,594 | |||||||||||||||||||||
32 | Radiate Holdco, LLC, Term Loan | 4.250% | 1-Month LIBOR | 3.500% | 9/25/26 | B1 | 31,929 | |||||||||||||||||||||
266 | Sinclair Television Group Inc., Term Loan B1 | 2.340% | 1-Month LIBOR | 2.250% | 1/03/24 | Ba2 | 263,011 | |||||||||||||||||||||
317 | Springer Nature Deutschland GmbH, Term Loan B18 | 3.750% | 1-Month LIBOR | 3.000% | 8/14/26 | B+ | 317,741 | |||||||||||||||||||||
750 | Virgin Media Bristol LLC, Term Loan N | 2.584% | 1-Month LIBOR | 2.500% | 1/31/28 | BB+ | 745,879 | |||||||||||||||||||||
98 | WideOpenWest Finance LLC, Term Loan B | 4.250% | 1-Month LIBOR | 3.250% | 8/19/23 | B | 97,964 | |||||||||||||||||||||
500 | Ziggo Financing Partnership, Term Loan I | 2.584% | 1-Month LIBOR | 2.500% | 4/30/28 | BB | 496,528 | |||||||||||||||||||||
7,232 | Total Media | 7,187,791 | ||||||||||||||||||||||||||
Multiline Retail – 0.1% | ||||||||||||||||||||||||||||
215 | EG America LLC, Term Loan | 4.145% | 3-Month LIBOR | 4.000% | 2/05/25 | B- | 214,596 | |||||||||||||||||||||
Oil, Gas & Consumable Fuels – 0.4% | ||||||||||||||||||||||||||||
49 | DT Midstream, Inc, Term Loan B | 2.500% | 3-Month LIBOR | 2.000% | 6/10/28 | Baa2 | 48,792 | |||||||||||||||||||||
450 | DT Midstream, Inc, Term Loan B | 2.500% | 6-Month LIBOR | 2.000% | 6/10/28 | Baa2 | 450,387 | |||||||||||||||||||||
156 | QuarterNorth Energy Holding Inc., Exit Term Loan, Second Lien | 9.000% | 3-Month LIBOR | 8.000% | 8/27/26 | B | 156,799 | |||||||||||||||||||||
655 | Total Oil, Gas & Consumable Fuels | 655,978 | ||||||||||||||||||||||||||
Paper & Forest Products – 0.1% | ||||||||||||||||||||||||||||
114 | Asplundh Tree Expert, LLC, Term Loan B | 1.834% | 1-Month LIBOR | 1.750% | 9/04/27 | BBB- | 113,573 | |||||||||||||||||||||
Personal Products – 0.2% | ||||||||||||||||||||||||||||
250 | Conair Holdings, LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.750% | 5/17/28 | B1 | 250,495 | |||||||||||||||||||||
45 | Journey Personal Care Corp., Term Loan B | 5.000% | 3-Month LIBOR | 4.250% | 3/01/28 | B | 45,047 | |||||||||||||||||||||
295 | Total Personal Products | 295,542 | ||||||||||||||||||||||||||
Pharmaceuticals – 1.3% | ||||||||||||||||||||||||||||
440 | Bausch Health Companies Inc., Term Loan B | 3.084% | 1-Month LIBOR | 3.000% | 6/02/25 | BB | 440,265 | |||||||||||||||||||||
239 | Endo Luxembourg Finance Company I S.a r.l., Term Loan | 6.000% | 3-Month LIBOR | 5.000% | 3/25/28 | B- | 234,541 | |||||||||||||||||||||
566 | Gainwell Acquisition Corp., Term Loan B | 4.750% | 3-Month LIBOR | 4.000% | 10/01/27 | BB- | 568,396 |
8
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Pharmaceuticals (continued) | ||||||||||||||||||||||||||||
$ | 249 | Jazz Financing Lux S.a.r.l., Term Loan | 4.000% | 1-Month LIBOR | 3.500% | 5/05/28 | BB+ | $ | 250,000 | |||||||||||||||||||
22 | Mallinckrodt International Finance S.A., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | D | 20,279 | |||||||||||||||||||||
624 | Organon & Co, Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 6/02/28 | BB | 625,775 | |||||||||||||||||||||
2,140 | Total Pharmaceuticals | 2,139,256 | ||||||||||||||||||||||||||
Professional Services – 0.9% | ||||||||||||||||||||||||||||
299 | ASGN Incorporated, Term Loan B3 | 1.834% | 1-Month LIBOR | 1.750% | 4/02/25 | BBB- | 298,703 | |||||||||||||||||||||
645 | Ceridian HCM Holding Inc., Term Loan B | 2.572% | 1-Week LIBOR | 2.500% | 4/30/25 | B+ | 637,700 | |||||||||||||||||||||
249 | Dun & Bradstreet Corporation (The), Term Loan | 3.336% | 1-Month LIBOR | 3.250% | 2/08/26 | BB+ | 248,867 | |||||||||||||||||||||
274 | Nielsen Finance LLC, Term Loan B4 | 2.083% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB- | 274,211 | |||||||||||||||||||||
1,467 | Total Professional Services | 1,459,481 | ||||||||||||||||||||||||||
Road & Rail – 0.9% | ||||||||||||||||||||||||||||
221 | Avolon TLB Borrower 1 (US) LLC, Term Loan B3 | 2.500% | 1-Month LIBOR | 1.750% | 1/15/25 | Baa2 | 219,918 | |||||||||||||||||||||
145 | First Student Bidco Inc, Term Loan B | 3.500% | 2-Month LIBOR | 3.000% | 7/21/28 | BB+ | 143,984 | |||||||||||||||||||||
53 | First Student Bidco Inc, Term Loan C | 3.500% | 3-Month LIBOR | 3.000% | 7/21/28 | BB+ | 53,175 | |||||||||||||||||||||
212 | Fly Funding II S.a.r.l., Term Loan B | 1.880% | 3-Month LIBOR | 1.750% | 8/09/25 | BB+ | 210,072 | |||||||||||||||||||||
492 | Genesee & Wyoming Inc. (New), Term Loan | 2.132% | 3-Month LIBOR | 2.000% | 12/30/26 | BB+ | 490,037 | |||||||||||||||||||||
281 | Hertz Corporation, (The), Term Loan B, (DD1) | 4.000% | 1-Month LIBOR | 3.500% | 6/30/28 | B+ | 281,271 | |||||||||||||||||||||
53 | Hertz Corporation, (The), Term Loan C, (DD1) | 4.000% | 1-Month LIBOR | 3.500% | 6/30/28 | BB- | 52,844 | |||||||||||||||||||||
1,457 | Total Road & Rail | 1,451,301 | ||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment – 0.3% | ||||||||||||||||||||||||||||
435 | MKS Instruments, Inc., Term Loan B6 | 1.834% | 1-Month LIBOR | 1.750% | 2/02/26 | BB+ | 434,520 | |||||||||||||||||||||
Software – 2.6% | ||||||||||||||||||||||||||||
330 | Apttus Corporation, Term Loan | 5.000% | 3-Month LIBOR | 4.250% | 5/06/28 | BB | 332,551 | |||||||||||||||||||||
499 | Delta TopCo, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 12/01/27 | B2 | 500,084 | |||||||||||||||||||||
592 | Epicor Software Corporation, Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 7/31/27 | B2 | 592,734 | |||||||||||||||||||||
529 | Informatica LLC,, Term Loan B | 3.334% | 1-Month LIBOR | 3.250% | 2/14/27 | B1 | 528,335 | |||||||||||||||||||||
121 | MA FinanceCo., LLC, Term Loan B3 | 2.837% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 119,539 | |||||||||||||||||||||
126 | McAfee, LLC, Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 9/29/24 | BB+ | 126,524 | |||||||||||||||||||||
256 | Proofpoint, Inc., Term Loan, First Lien | 3.750% | 3-Month LIBOR | 3.250% | 8/31/28 | BB- | 254,976 | |||||||||||||||||||||
80 | RealPage, Inc, Term Loan, First Lien | 3.750% | 1-Month LIBOR | 3.250% | 4/22/28 | B+ | 79,842 | |||||||||||||||||||||
813 | Seattle Spinco, Inc., Term Loan B3 | 2.834% | 1-Month LIBOR | 2.750% | 6/21/24 | BB+ | 807,276 | |||||||||||||||||||||
577 | Sophia, L.P., Term Loan, First Lien | 4.500% | 3-Month LIBOR | 3.750% | 10/07/27 | B | 579,359 | |||||||||||||||||||||
146 | SS&C European Holdings Sarl, Term Loan B4 | 1.834% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 144,871 | |||||||||||||||||||||
193 | SS&C Technologies Inc., Term Loan B3 | 1.834% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 191,314 | |||||||||||||||||||||
125 | ZoomInfo LLC, Term Loan B | 3.084% | 1-Month LIBOR | 3.000% | 2/01/26 | BB | 125,319 | |||||||||||||||||||||
4,387 | Total Software | 4,382,724 | ||||||||||||||||||||||||||
Specialty Retail – 0.4% | ||||||||||||||||||||||||||||
231 | Birkenstock GmbH & Co. KG, Term Loan B, (DD1) | 4.250% | 3-Month LIBOR | 3.750% | 4/28/28 | BB- | 231,541 | |||||||||||||||||||||
370 | PetSmart, Inc., Term Loan B | 4.500% | 6-Month LIBOR | 3.750% | 2/12/28 | BB- | 371,321 | |||||||||||||||||||||
601 | Total Specialty Retail | 602,862 |
9
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (7) | Reference Rate (7) | Spread (7) | Maturity (8) | Ratings (9) | Value | |||||||||||||||||||||
Technology Hardware, Storage & Peripherals–0.5% | ||||||||||||||||||||||||||||
$ | 300 | Dell International LLC, Term Loan B | 2.000% | 1-Month LIBOR | 1.750% | 9/19/25 | BBB- | $ | 299,878 | |||||||||||||||||||
244 | NCR Corporation, Term Loan | 2.630% | 3-Month LIBOR | 2.500% | 8/28/26 | BB+ | 242,542 | |||||||||||||||||||||
249 | Peraton Corp., Term Loan B | 4.500% | 1-Month LIBOR | 3.750% | 2/01/28 | BB- | 249,333 | |||||||||||||||||||||
793 | Total Technology Hardware, Storage & Peripherals | 791,753 | ||||||||||||||||||||||||||
Transportation Infrastructure–0.1% | ||||||||||||||||||||||||||||
100 | KKR Apple Bidco, LLC, Term Loan | 3.500% | 1-Month LIBOR | 3.000% | 7/13/28 | B+ | 100,036 | |||||||||||||||||||||
Wireless Telecommunication Services–0.1% | ||||||||||||||||||||||||||||
249 | GOGO Intermediate Holdings LLC, Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 4/30/28 | B | 250,025 | |||||||||||||||||||||
50,293 | Total Variable Rate Senior Loan Interests (cost $49,961,306) | 50,074,243 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (9) | Value | |||||||||||||||
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 5.7% (3.8% of Total Investments) | ||||||||||||||||||||
Automobiles – 0.3% | ||||||||||||||||||||
$ | 175 | General Motors Financial Co Inc | 5.700% | N/A (12) | BB+ | $ | 201,469 | |||||||||||||
240 | General Motors Financial Co Inc | 6.500% | N/A (12) | BB+ | 270,600 | |||||||||||||||
415 | Total Automobiles | 472,069 | ||||||||||||||||||
Banks – 2.9% | ||||||||||||||||||||
300 | Bank of America Corp | 6.500% | N/A (12) | BBB+ | 335,700 | |||||||||||||||
70 | Bank of America Corp | 6.300% | N/A (12) | BBB+ | 81,200 | |||||||||||||||
75 | Bank of America Corp | 6.100% | N/A (12) | BBB+ | 83,635 | |||||||||||||||
350 | CIT Group Inc, (4) | 5.800% | N/A (12) | Ba3 | 357,437 | |||||||||||||||
350 | Citigroup Inc | 6.250% | N/A (12) | BBB- | 405,198 | |||||||||||||||
50 | Citigroup Inc | 4.000% | N/A (12) | BBB- | 51,810 | |||||||||||||||
50 | CoBank ACB | 6.250% | N/A (12) | BBB+ | 57,162 | |||||||||||||||
575 | JPMorgan Chase & Co, (4) | 6.750% | N/A (12) | BBB+ | 631,062 | |||||||||||||||
50 | M&T Bank Corp | 5.125% | N/A (12) | Baa2 | 55,112 | |||||||||||||||
450 | M&T Bank Corp, (4) | 6.450% | N/A (12) | Baa2 | 491,062 | |||||||||||||||
550 | PNC Financial Services Group Inc, | 3.804% | N/A (12) | Baa2 | 551,343 | |||||||||||||||
245 | Regions Financial Corp | 5.750% | N/A (12) | BB+ | 273,249 | |||||||||||||||
200 | SVB Financial Group | 4.100% | N/A (12) | Baa2 | 205,560 | |||||||||||||||
500 | Truist Financial Corp, (4) | 4.950% | N/A (12) | Baa2 | 546,160 | |||||||||||||||
225 | Wells Fargo & Co | 5.875% | N/A (12) | Baa2 | 250,765 | |||||||||||||||
500 | Zions Bancorp NA | 7.200% | N/A (12) | BB+ | 540,970 | |||||||||||||||
4,540 | Total Banks | 4,917,425 | ||||||||||||||||||
Capital Markets – 0.8% | ||||||||||||||||||||
125 | Charles Schwab Corp | 7.000% | N/A (12) | BBB | 127,188 | |||||||||||||||
475 | Charles Schwab Corp | 5.375% | N/A (12) | BBB | 527,844 | |||||||||||||||
150 | Goldman Sachs Group Inc | 3.650% | N/A (12) | BBB- | 150,187 | |||||||||||||||
100 | Goldman Sachs Group Inc | 5.300% | N/A (12) | BBB- | 110,270 | |||||||||||||||
236 | Goldman Sachs Group Inc | 4.950% | N/A (12) | BBB- | 250,160 | |||||||||||||||
217 | Northern Trust Corp | 4.600% | N/A (12) | BBB+ | 237,845 | |||||||||||||||
1,303 | Total Capital Markets | 1,403,494 | ||||||||||||||||||
Consumer Finance – 0.7% | ||||||||||||||||||||
484 | Ally Financial Inc | 4.700% | N/A (12) | BB- | 503,355 | |||||||||||||||
325 | American Express Co | 3.550% | N/A (12) | Baa2 | 331,126 | |||||||||||||||
50 | Capital One Financial Corp | 3.950% | N/A (12) | Baa3 | 51,500 | |||||||||||||||
275 | Discover Financial Services | 5.500% | N/A (12) | Ba2 | 298,100 | |||||||||||||||
1,134 | Total Consumer Finance | 1,184,081 |
10
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (9) | Value | |||||||||||||||
Diversified Financial Services – 0.3% | ||||||||||||||||||||
$ | 275 | American AgCredit Corp, 144A | 5.250% | N/A (12) | BB+ | $ | 279,812 | |||||||||||||
225 | Voya Financial Inc | 6.125% | N/A (12) | BBB- | 240,548 | |||||||||||||||
500 | Total Diversified Financial Services | 520,360 | ||||||||||||||||||
Food Products – 0.2% | ||||||||||||||||||||
300 | Land O’ Lakes Inc, 144A | 8.000% | N/A (12) | BB | 323,250 | |||||||||||||||
Insurance – 0.3% | ||||||||||||||||||||
250 | Progressive Corp | 5.375% | N/A (12) | BBB+ | 259,375 | |||||||||||||||
175 | SBL Holdings Inc, 144A | 6.500% | N/A (12) | BB | 172,812 | |||||||||||||||
425 | Total Insurance | 432,187 | ||||||||||||||||||
Multi-Utilities – 0.2% | ||||||||||||||||||||
300 | Sempra Energy | 4.875% | N/A (12) | BBB- | 325,500 | |||||||||||||||
8,917 | Total $1,000 Par (or similar) Institutional Preferred | 9,578,366 |
Shares | Description (1) | Coupon | Ratings (9) | Value | ||||||||||||||||
CONVERTIBLE PREFERRED SECURITIES – 5.4%(3.6% of Total Investments) |
| |||||||||||||||||||
Banks – 0.5% | ||||||||||||||||||||
225 | Bank of America Corp | 7.250% | BBB+ | $ | 324,545 | |||||||||||||||
295 | Wells Fargo & Co | 7.500% | Baa2 | 437,190 | ||||||||||||||||
Total Banks | 761,735 | |||||||||||||||||||
Health Care Technology – 1.0% | ||||||||||||||||||||
24,300 | Change Healthcare Inc, (4) | 6.000% | N/R | 1,690,794 | ||||||||||||||||
Life Sciences Tools & Services – 1.4% | ||||||||||||||||||||
19,040 | Avantor Inc, (4) | 6.250% | N/R | 2,397,326 | ||||||||||||||||
Semiconductors & Semiconductor Equipment – 2.5% | ||||||||||||||||||||
2,690 | Broadcom Inc | 8.000% | N/R | 4,121,107 | ||||||||||||||||
Total Convertible Preferred Securities (cost $6,811,748) | 8,970,962 |
Shares | Description (1) | Coupon | Ratings (9) | Value | ||||||||||||||||
$25 PAR (OR SIMILAR) RETAIL PREFERRED – 4.5% (3.0% of Total Investments) |
| |||||||||||||||||||
Banks – 1.6% | ||||||||||||||||||||
5,000 | Citigroup Inc | 7.125% | BBB- | $ | 139,650 | |||||||||||||||
4,625 | CoBank ACB, (4), (5) | 6.250% | BBB+ | 478,687 | ||||||||||||||||
1,183 | CoBank ACB, (5) | 6.125% | BBB+ | 118,300 | ||||||||||||||||
8,622 | Fifth Third Bancorp | 6.625% | Baa3 | 244,003 | ||||||||||||||||
8,662 | FNB Corp/PA | 7.250% | Ba1 | 245,135 | ||||||||||||||||
6,050 | KeyCorp | 6.125% | Baa3 | 183,920 | ||||||||||||||||
5,900 | People’s United Financial Inc | 5.625% | BB+ | 167,560 | ||||||||||||||||
6,844 | Regions Financial Corp | 6.375% | BB+ | 194,780 | ||||||||||||||||
9,900 | SVB Financial Group | 5.250% | Baa2 | 268,884 | ||||||||||||||||
16,300 | US Bancorp | 6.500% | Baa1 | 414,509 | ||||||||||||||||
9,400 | Western Alliance Bancorp, (3), (5) | 4.250% | Ba1 | 244,024 | ||||||||||||||||
Total Banks | 2,699,452 | |||||||||||||||||||
Capital Markets – 0.6% | ||||||||||||||||||||
16,725 | Morgan Stanley | 7.125% | Baa3 | 476,830 | ||||||||||||||||
5,400 | Morgan Stanley | 6.875% | Baa3 | 151,308 | ||||||||||||||||
13,050 | Stifel Financial Corp | 6.250% | BB- | 355,351 | ||||||||||||||||
Total Capital Markets | 983,489 |
11
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
Shares | Description (1) | Coupon | Ratings (9) | Value | ||||||||||||||||
Consumer Finance – 0.3% | ||||||||||||||||||||
5,500 | Capital One Financial Corp | 5.000% | Baa3 | $ | 145,585 | |||||||||||||||
10,448 | Synchrony Financial | 5.625% | BB- | 278,544 | ||||||||||||||||
Total Consumer Finance | 424,129 | |||||||||||||||||||
Electric Utilities – 0.2% | ||||||||||||||||||||
13,200 | Duke Energy Corp | 5.750% | BBB- | 365,640 | ||||||||||||||||
Food Products – 0.4% | ||||||||||||||||||||
8,257 | CHS Inc | 7.875% | N/R | 235,902 | ||||||||||||||||
9,389 | CHS Inc | 7.100% | N/R | 263,549 | ||||||||||||||||
3,905 | CHS Inc | 6.750% | N/R | 109,809 | ||||||||||||||||
Total Food Products | 609,260 | |||||||||||||||||||
Insurance – 1.0% | ||||||||||||||||||||
15,015 | Allstate Corp | 5.625% | BBB- | 401,801 | ||||||||||||||||
9,800 | Athene Holding Ltd | 6.350% | BBB | 290,668 | ||||||||||||||||
8,100 | Athene Holding Ltd | 6.375% | BBB | 229,797 | ||||||||||||||||
12,900 | Enstar Group Ltd | 7.000% | BB+ | 377,841 | ||||||||||||||||
16,100 | MetLife Inc, (4) | 5.625% | Baa2 | 438,242 | ||||||||||||||||
Total Insurance | 1,738,349 | |||||||||||||||||||
Thrifts & Mortgage Finance – 0.4% | ||||||||||||||||||||
15,000 | Federal Agricultural Mortgage Corp | 5.700% | N/R | 401,700 | ||||||||||||||||
9,600 | New York Community Bancorp Inc | 6.375% | Ba2 | 274,944 | ||||||||||||||||
Total Thrifts & Mortgage Finance | 676,644 | |||||||||||||||||||
Total $25 Par (or similar) Retail Preferred (cost $7,091,966) | 7,496,963 |
Shares | Description (1) | Value | ||||||
WARRANTS – 0.1% (0.1% of Total Investments) | ||||||||
Entertainment – 0.0% | ||||||||
13,214 | Cineworld Warrant, (5) | $ | 4,863 | |||||
Oil, Gas & Consumable Fuels – 0.1% | ||||||||
1,706 | Fieldwood Energy LLC, (5) | 170,600 | ||||||
1,435 | Fieldwood Energy LLC, (5) | 12,915 | ||||||
2,765 | Fieldwood Energy LLC, (5) | 13,825 | ||||||
5,906 | Total Oil, Gas & Consumable Fuels | 197,340 | ||||||
Total Warrants (cost $27,405) | 202,203 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (9) | Value | |||||||||||||||
CORPORATE BONDS – 0.0% (0.0% of Total Investments) | ||||||||||||||||||||
Media – 0.0% | ||||||||||||||||||||
$ | 26 | iHeartCommunications Inc | 8.375% | 5/01/27 | CCC+ | $ | 27,825 | |||||||||||||
26 | Total Corporate Bonds (cost $27,170) | 27,825 | ||||||||||||||||||
Total Long-Term Investments (cost $200,568,675) | 242,297,087 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||||||||||||||
SHORT-TERM INVESTMENTS – 3.5% (2.4% of Total Investments) | ||||||||||||||||||||
REPURCHASE AGREEMENTS – 3.5% (2.4% of Total Investments) | ||||||||||||||||||||
$ | 5,831 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/21, repurchase price $5,831,100, collateralized by $5,677,200, U.S. Treasury Bonds, 2.250%, due 5/15/41, value $5,947,755 | 0.000% | 10/01/21 | $ | 5,831,100 |
12
Shares | Description (1) | Coupon | Maturity | Value | ||||||||||||||||
INVESTMENT COMPANIES – 0.0% (0.0% of Total Investments) | ||||||||||||||||||||
7 | BlackRock Liquidity Funds T-Fund Portfolio | 0.005% (14 | ) | N/A | $ | 7 | ||||||||||||||
Total Short-Term Investments (cost $5,831,107) | 5,831,107 | |||||||||||||||||||
Total Investments (cost $206,399,782) – 148.9% | 248,128,194 | |||||||||||||||||||
Borrowings – (45.4)% (15), (16) | (75,650,000 | ) | ||||||||||||||||||
Other Assets Less Liabilities – (3.5)% (17) | (5,864,338 | ) | ||||||||||||||||||
Net Assets Applicable to Common Shares – 100% | $ | 166,613,856 |
Investments in Derivatives
Interest Rate Swaps – OTC Uncleared
Counterparty | Notional Amount | Fund Pay/Receive Floating Rate | Floating Rate Index | Fixed Rate (Annualized) | Fixed Rate Payment Frequency | Effective Date (18) | Optional Termination Date | Maturity Date | Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||||||||
JPMorgan Chase Bank, N.A. | $ | 41,800,000 | Receive | 1-Month LIBOR | 1.969 | % | Monthly | 6/01/18 | 7/01/25 | 7/01/27 | $ | (2,594,325 | ) | $ | (2,594,325 | ) |
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by 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 1 – | Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. | |
Level 2 – | Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). | |
Level 3 – | Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
13
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund (continued) | |
Portfolio of Investments September 30, 2021 | ||
(Unaudited) |
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Long-Term Investments: | ||||||||||||||||
Common Stocks | $ | 99,657,534 | $ | 66,278,446 | $ | 10,545 | $ | 165,946,525 | ||||||||
Variable Rate Senior Loan Interests | — | 50,074,243 | — | 50,074,243 | ||||||||||||
$1,000 Par (or similar) Institutional Preferred | — | 9,578,366 | — | 9,578,366 | ||||||||||||
Convertible Preferred Securities | 8,970,962 | — | — | 8,970,962 | ||||||||||||
$25 Par (or similar) Retail Preferred | 6,655,951 | 841,012 | — | 7,496,963 | ||||||||||||
Warrants | — | 202,203 | — | 202,203 | ||||||||||||
Corporate Bonds | — | 27,825 | — | 27,825 | ||||||||||||
Short-Term Investments: | ||||||||||||||||
Repurchase Agreements | — | 5,831,100 | — | 5,831,100 | ||||||||||||
Investment Companies | 7 | — | — | 7 | ||||||||||||
Investments in Derivatives: | ||||||||||||||||
Interest Rate Swaps* | — | (2,594,325 | ) | — | (2,594,325 | ) | ||||||||||
Total | $ | 115,284,454 | $ | 130,238,870 | $ | 10,545 | $ | 245,533,869 |
* | Represents net unrealized appreciation (depreciation). |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(3) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. |
(4) | Investment, or portion of investment, is hypothecated. The total value of investments hypothecated as of the end of the reporting period was $41,863,988. |
(5) | For fair value measurement disclosure purposes, investment classified as Level 2. |
(6) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. |
(7) | Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate (Reference Rate) plus an assigned fixed rate (Spread). These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. The rate shown is the coupon as of the end of the reporting period. |
(8) | Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a borrower to prepay, prepayments of senior loans may occur. As a result, the actual remaining maturity of senior loans held may be substantially less than the stated maturities shown. |
(9) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. |
(10) | Investment, or portion of investment, represents an outstanding unfunded senior loan commitment. |
(11) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. |
(12) | Perpetual security. Maturity date is not applicable. |
(13) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. |
(14) | The rate shown is the one-day yield as of the end of the reporting period. |
(15) | Borrowings as a percentage of Total Investments is 30.5%. |
(16) | The Fund may pledge up to 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings. As of the end of the reporting period, investments with a value of $157,386,225 have been pledged as collateral for borrowings. |
14
(17) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. |
(18) | Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract. |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. |
ADR | American Depositary Receipt |
DD1 | Portion of investment purchased on a delayed delivery basis. |
LIBOR | London Inter-Bank Offered Rate |
N/A | Not Applicable. |
PIK | Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period. |
TBD | Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will provide the Fund with the final coupon rate and maturity date. |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
See accompanying notes to financial statements.
15