JSD
Nuveen Short Duration Credit Opportunities Fund
Portfolio of Investments April 30, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
LONG-TERM INVESTMENTS – 155.3% (93.7% of Total Investments) | ||||||||
VARIABLE RATE SENIOR LOAN INTERESTS – 139.9% (84.4% of Total Investments) (2) | ||||||||
Aerospace & Defense – 1.8% (1.1% of Total Investments) | ||||||||
$210 | Dynasty Acquisition Co., Inc., Term Loan B1 | 3.703% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | $204,585 | |
113 | Dynasty Acquisition Co., Inc., Term Loan B2 | 3.703% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | 109,992 | |
503 | Maxar Technologies Ltd., Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 10/05/24 | B | 498,334 | |
1,830 | TransDigm, Inc., Term Loan F | 2.363% | 1-Month LIBOR | 2.250% | 12/09/25 | Ba3 | 1,810,229 | |
248 | TransDigm, Inc., Term Loan G | 2.363% | 1-Month LIBOR | 2.250% | 8/22/24 | Ba3 | 245,587 | |
2,904 | Total Aerospace & Defense | 2,868,727 | ||||||
Airlines – 2.6% (1.6% of Total Investments) | ||||||||
770 | American Airlines, Inc., First Lien Term Loan | 1.860% | 1-Month LIBOR | 1.750% | 1/29/27 | Ba3 | 719,835 | |
181 | American Airlines, Inc., Incremental Term Loan | 2.115% | 1-Month LIBOR | 2.000% | 12/14/23 | Ba3 | 175,187 | |
403 | American Airlines, Inc., Term Loan B | 2.110% | 1-Month LIBOR | 2.000% | 4/28/23 | Ba3 | 388,669 | |
609 | American Airlines, Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | Ba2 | 626,950 | |
738 | Kestrel Bidco Inc., Term Loan B | 4.000% | 6-Month LIBOR | 3.000% | 12/11/26 | BB- | 715,517 | |
700 | SkyMiles IP Ltd., Term Loan B | 4.750% | 3-Month LIBOR | 3.750% | 10/20/27 | Baa1 | 736,228 | |
750 | United Airlines, Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | Ba1 | 759,844 | |
4,151 | Total Airlines | 4,122,230 | ||||||
Auto Components – 1.8% (1.1% of Total Investments) | ||||||||
83 | Adient US LLC, Term Loan B | 3.610% | 3-Month LIBOR | 3.500% | 4/08/28 | BB- | 82,599 | |
967 | Clarios Global LP, Term Loan B | 3.363% | 1-Month LIBOR | 3.250% | 4/30/26 | B1 | 958,876 | |
827 | DexKo Global Inc., Term Loan | 4.500% | 3-Month LIBOR | 3.500% | 7/24/24 | B1 | 827,528 | |
499 | Les Schwab Tire Centers, Term Loan B | 4.250% | 6-Month LIBOR | 3.500% | 11/02/27 | B | 500,413 | |
449 | Superior Industries International, Inc., First Lien Term Loan B | 4.113% | 1-Month LIBOR | 4.000% | 5/23/24 | B1 | 448,515 | |
2,825 | Total Auto Components | 2,817,931 | ||||||
Banks – 0.1% (0.0% of Total Investments) | ||||||||
131 | iQor US Inc., Exit Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 9/15/27 | N/R | 131,754 | |
Beverages – 1.0% (0.6% of Total Investments) | ||||||||
409 | Arterra Wines Canada, Inc., Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 11/25/27 | B1 | 409,486 | |
312 | City Brewing Company, LLC, Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 4/01/28 | B+ | 313,170 |
1
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Beverages (continued) | ||||||||
$788 | Triton Water Holdings, Inc, Term Loan | 4.000% | 3-Month LIBOR | 3.500% | 3/31/28 | B1 | $786,284 | |
1,509 | Total Beverages | 1,508,940 | ||||||
Biotechnology – 0.6% (0.3% of Total Investments) | ||||||||
905 | Grifols Worldwide Operations USA, Inc., Term Loan B | 2.087% | 1-Week LIBOR | 2.000% | 11/15/27 | Ba2 | 895,278 | |
Building Products – 1.7% (1.1% of Total Investments) | ||||||||
757 | Cornerstone Building Brands, Inc., Term Loan B | 3.365% | 3-Month LIBOR | 3.250% | 4/12/28 | B+ | 751,441 | |
311 | LBM Acquisition LLC, Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 12/17/27 | B+ | 310,556 | |
69 | LBM Acquisition LLC, Term Loan B, (WI/DD), (5) | TBD | TBD | TBD | TBD | B+ | 69,013 | |
100 | Potters Industries, LLC, Term Loan B | 4.750% | 3-Month LIBOR | 4.000% | 12/14/27 | B | 100,250 | |
1,130 | Quikrete Holdings, Inc., First Lien Term Loan | 2.613% | 1-Month LIBOR | 2.500% | 1/31/27 | BB- | 1,120,787 | |
390 | Resideo Funding Inc., Term Loan | 2.750% | 3-Month LIBOR | 2.250% | 2/12/28 | BBB- | 389,758 | |
2,757 | Total Building Products | 2,741,805 | ||||||
Capital Markets – 2.1% (1.2% of Total Investments) | ||||||||
161 | RPI Intermediate Finance Trust, Term Loan B1 | 1.863% | 1-Month LIBOR | 1.750% | 2/11/27 | BBB- | 161,086 | |
2,305 | Sequa Mezzanine Holdings L.L.C., Extended Term Loan, (cash 6.750%, PIK 1.000%) | 7.750% | 3-Month LIBOR | 6.750% | 7/31/23 | B- | 2,316,858 | |
782 | Sequa Mezzanine Holdings L.L.C., Second Lien Term Loan, (cash 5.000%, PIK 6.750%) | 11.750% | 3-Month LIBOR | 10.750% | 7/31/24 | CCC- | 744,010 | |
3,248 | Total Capital Markets | 3,221,954 | ||||||
Chemicals – 0.9% (0.6% of Total Investments) | ||||||||
214 | ASP Unifrax Holdings Inc, Term Loan B | 3.953% | 3-Month LIBOR | 3.750% | 12/14/25 | CCC+ | 203,822 | |
248 | Atotech B.V., Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 3/18/28 | B+ | 246,483 | |
325 | INEOS Styrolution US Holding LLC, Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 1/29/26 | BB+ | 324,137 | |
414 | Ineos US Finance LLC, Term Loan B | 2.110% | 1-Month LIBOR | 2.000% | 3/31/24 | BBB- | 409,652 | |
247 | PQ Corporation, Incremental Term Loan B | 4.000% | 3-Month LIBOR | 3.000% | 2/07/27 | BB- | 247,739 | |
1,448 | Total Chemicals | 1,431,833 | ||||||
Commercial Services & Supplies – 5.8% (3.5% of Total Investments) | ||||||||
250 | Amentum Government Services Holdings LLC, Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 1/31/27 | B1 | 251,459 | |
357 | Brand Energy & Infrastructure Services, Inc., Term Loan | 5.250% | 3-Month LIBOR | 4.250% | 6/21/24 | B- | 347,921 | |
3,068 | Delta 2 (LUX) S.a.r.l., Term Loan | 3.500% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 3,056,087 | |
289 | Garda World Security Corporation, Term Loan B | 4.360% | 1-Month LIBOR | 4.250% | 10/30/26 | B1 | 289,350 |
2
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Commercial Services & Supplies (continued) | ||||||||
$650 | GFL Environmental Inc., Term Loan | 3.500% | 1-Month LIBOR | 3.000% | 5/30/25 | BB- | $651,354 | |
128 | Harland Clarke Holdings Corp., Term Loan B7 | 5.750% | 3-Month LIBOR | 4.750% | 11/03/23 | CCC+ | 118,097 | |
276 | KAR Auction Services, Inc., Term Loan B6 | 2.375% | 1-Month LIBOR | 2.250% | 9/19/26 | Ba3 | 272,685 | |
508 | PAE Holding Corporation, Term Loan B | 5.250% | 3-Month LIBOR | 4.500% | 10/19/27 | B | 509,721 | |
61 | Prime Security Services Borrower, LLC, Term Loan | 3.500% | 12-Month LIBOR | 2.750% | 9/23/26 | BB- | 61,154 | |
122 | Prime Security Services Borrower, LLC, Term Loan | 3.500% | 3-Month LIBOR | 2.750% | 9/23/26 | BB- | 122,308 | |
156 | Prime Security Services Borrower, LLC, Term Loan | 3.500% | 1-Month LIBOR | 2.750% | 9/23/26 | BB- | 156,420 | |
423 | Robertshaw US Holding Corp, First Lien Term Loan | 4.500% | 1-Month LIBOR | 3.500% | 2/28/25 | CCC+ | 408,623 | |
106 | Sabert Corporation, Term Loan B | 5.500% | 1-Month LIBOR | 4.500% | 12/10/26 | B | 106,099 | |
500 | Spin Holdco Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B- | 498,555 | |
1,194 | Travelport Finance (Luxembourg) S.a.r.l., Priority Term Loan, (cash 2.500%, PIK 6.500%), (DD1) | 2.500% | 3-Month LIBOR | 1.500% | 2/28/25 | B- | 1,220,281 | |
325 | West Corporation, Term Loan B1 | 3.686% | 3-Month LIBOR | 3.500% | 10/10/24 | BB+ | 315,118 | |
731 | WEX Inc., Term Loan | 2.427% | 3-Month LIBOR | 2.250% | 4/01/28 | Ba2 | 729,740 | |
9,144 | Total Commercial Services & Supplies | 9,114,972 | ||||||
Communications Equipment – 1.6% (1.0% of Total Investments) | ||||||||
859 | CommScope, Inc., Term Loan B | 3.363% | 1-Month LIBOR | 3.250% | 4/04/26 | Ba3 | 855,046 | |
480 | MLN US HoldCo LLC, First Lien Term Loan | 4.610% | 1-Month LIBOR | 4.500% | 11/30/25 | B3 | 426,522 | |
512 | Plantronics Inc, Term Loan B | 2.609% | 1-Month LIBOR | 2.500% | 7/02/25 | Ba2 | 506,853 | |
2 | Riverbed Technology, Inc., Term Loan B | 7.000% | 2-Month LIBOR | 6.000% | 12/31/25 | B2 | 1,751 | |
732 | Riverbed Technology, Inc., Term Loan B | 7.000% | 3-Month LIBOR | 6.000% | 12/31/25 | B2 | 696,923 | |
66 | Univision Communications Inc., Term Loan C5 | 2.860% | 1-Month LIBOR | 2.750% | 3/15/24 | B | 65,805 | |
2,651 | Total Communications Equipment | 2,552,900 | ||||||
Construction & Engineering – 1.9% (1.1% of Total Investments) | ||||||||
225 | AECOM, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | Baa3 | 225,142 | |
310 | Aegion Corp, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B | 311,550 | |
1,000 | Brown Group Holding LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 996,250 | |
149 | Pike Corporation, Incremental Term Loan B | 3.120% | 1-Month LIBOR | 3.000% | 1/21/28 | Ba3 | 148,145 |
3
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Construction & Engineering (continued) | ||||||||
$1,240 | Traverse Midstream Partners LLC, Term Loan | 6.500% | 1-Month LIBOR | 5.500% | 9/27/24 | B | $1,242,602 | |
2,924 | Total Construction & Engineering | 2,923,689 | ||||||
Containers & Packaging – 2.0% (1.2% of Total Investments) | ||||||||
737 | Berry Global, Inc., Term Loan Z | 1.861% | 1-Month LIBOR | 1.750% | 7/01/26 | BBB- | 731,664 | |
424 | Charter NEX US, Inc., Term Loan | 5.000% | 1-Month LIBOR | 4.250% | 12/01/27 | B | 425,958 | |
724 | Reynolds Consumer Products LLC, Term Loan | 1.863% | 1-Month LIBOR | 1.750% | 2/04/27 | BBB- | 720,928 | |
449 | Reynolds Group Holdings Inc. , Term Loan B2 | 3.363% | 1-Month LIBOR | 3.250% | 2/05/26 | B+ | 445,508 | |
142 | TricorBraun Holdings, Inc., Delayed Draw Term Loan | 3.750% | 3-Month LIBOR | 3.250% | 3/03/28 | B2 | 141,193 | |
633 | TricorBraun Holdings, Inc., Term Loan | 3.750% | 3-Month LIBOR | 3.250% | 3/03/28 | B2 | 627,723 | |
3,109 | Total Containers & Packaging | 3,092,974 | ||||||
Distributors – 0.5% (0.3% of Total Investments) | ||||||||
208 | IAA, Inc., Term Loan B | 2.375% | 1-Month LIBOR | 2.250% | 6/28/26 | BB+ | 208,395 | |
569 | SRS Distribution Inc., First Lien Term Loan | 3.113% | 1-Month LIBOR | 3.000% | 5/24/25 | B | 561,511 | |
777 | Total Distributors | 769,906 | ||||||
Diversified Consumer Services – 1.2% (0.7% of Total Investments) | ||||||||
1,434 | Cengage Learning, Inc., Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 6/07/23 | B | 1,429,341 | |
45 | Cengage Learning, Inc., Term Loan B | 5.250% | 2-Month LIBOR | 4.250% | 6/07/23 | B | 45,267 | |
368 | Sotheby's, Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 1/15/27 | B+ | 371,413 | |
1,847 | Total Diversified Consumer Services | 1,846,021 | ||||||
Diversified Financial Services – 2.8% (1.7% of Total Investments) | ||||||||
147 | Avaya, Inc., DIP Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 147,232 | |
233 | Belk, Inc., Term Loan | 8.500% | 3-Month LIBOR | 7.500% | 7/31/25 | N/R | 234,158 | |
1,013 | Belk, Inc., Term Loan | 10.000% | 3-Month LIBOR | 10.000% | 7/31/25 | N/R | 659,514 | |
418 | Blackstone CQP Holdco LP, Term Loan B | 3.687% | 3-Month LIBOR | 3.500% | 9/30/24 | B+ | 417,596 | |
817 | Ditech Holding Corporation, Term Loan, (6) | 0.000% | N/A | N/A | 6/30/22 | N/R | 157,333 | |
500 | FleetCor Technologies Operating Co LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 498,908 | |
220 | GT Polaris, Inc., Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 9/24/27 | BB- | 219,690 | |
332 | Lions Gate Capital Holdings LLC, Term Loan B | 2.363% | 1-Month LIBOR | 2.250% | 3/24/25 | Ba2 | 329,881 | |
500 | Precisely, Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 499,062 | |
404 | Sabre GLBL Inc., Term Loan B | 4.750% | 1-Month LIBOR | 4.000% | 12/17/27 | Ba3 | 408,345 | |
752 | Verscend Holding Corp., Term Loan B | 4.177% | 3-Month LIBOR | 4.000% | 8/27/25 | BB- | 753,351 | |
5,336 | Total Diversified Financial Services | 4,325,070 | ||||||
Diversified Telecommunication Services – 4.5% (2.7% of Total Investments) | ||||||||
377 | Altice France S.A., Term Loan B12 | 3.871% | 3-Month LIBOR | 3.688% | 1/31/26 | B | 374,069 |
4
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Diversified Telecommunication Services (continued) | ||||||||
$1,358 | Altice France S.A., Term Loan B13 | 4.198% | 3-Month LIBOR | 4.000% | 8/14/26 | B | $1,356,624 | |
2,596 | CenturyLink, Inc., Term Loan B | 2.363% | 1-Month LIBOR | 2.250% | 3/15/27 | BB+ | 2,569,831 | |
866 | Connect Finco Sarl, Term Loan B | 4.500% | 1-Month LIBOR | 3.500% | 12/12/26 | B+ | 864,990 | |
1,007 | Frontier Communications Corp., DIP Exit Term Loan | 1.000% | N/A | N/A | 10/08/27 | B3 | 1,005,135 | |
181 | Frontier Communications Corp., DIP Exit Term Loan | 1.000% | N/A | N/A | 10/08/27 | B3 | 180,924 | |
34 | GTT Communications, Inc., Delayed Draw Term Loan | 6.000% | 1-Month LIBOR | 5.000% | 12/28/21 | CCC+ | 35,071 | |
195 | Intelsat Jackson Holdings S.A., Term Loan B4, (6) | 8.750% | Prime | 5.500% | 1/02/24 | N/R | 199,384 | |
312 | Intelsat Jackson Holdings S.A., Term Loan B5, (6) | 8.625% | N/A | N/A | 1/02/24 | N/R | 318,725 | |
98 | Zayo Group Holdings, Inc., Term Loan | 3.113% | 1-Month LIBOR | 3.000% | 3/09/27 | B1 | 97,129 | |
7,024 | Total Diversified Telecommunication Services | 7,001,882 | ||||||
Electric Utilities – 0.8% (0.5% of Total Investments) | ||||||||
374 | ExGen Renewables IV, LLC, Term Loan | 3.750% | 3-Month LIBOR | 2.750% | 12/11/27 | BB- | 374,717 | |
248 | Pacific Gas & Electric Company, Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 6/23/25 | BB | 247,699 | |
569 | Vistra Operations Company LLC, First Lien Term Loan B3 | 1.861% | 1-Month LIBOR | 1.750% | 12/31/25 | Baa3 | 564,849 | |
1,191 | Total Electric Utilities | 1,187,265 | ||||||
Electrical Equipment – 1.5% (0.9% of Total Investments) | ||||||||
719 | Avolon TLB Borrower 1 (US) LLC, Term Loan B4 | 2.250% | 1-Month LIBOR | 1.500% | 2/12/27 | Baa2 | 708,762 | |
1,120 | Ingram Micro Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB | 1,128,333 | |
495 | Vertiv Group Corporation, Term Loan B | 2.861% | 1-Month LIBOR | 2.750% | 3/02/27 | B+ | 492,933 | |
2,334 | Total Electrical Equipment | 2,330,028 | ||||||
Electronic Equipment, Instruments & Components – 0.3% (0.2% of Total Investments) | ||||||||
405 | TTM Technologies, Inc., Term Loan | 2.615% | 1-Month LIBOR | 2.500% | 9/28/24 | BB+ | 404,753 | |
Entertainment – 2.7% (1.6% of Total Investments) | ||||||||
353 | AMC Entertainment Holdings, Inc. , Term Loan B, (DD1) | 3.195% | 3-Month LIBOR | 3.000% | 4/22/26 | CCC | 311,553 | |
1,134 | Cineworld Group PLC, Term Loan B, (DD1) | 3.500% | 3-Month LIBOR | 2.500% | 2/28/25 | CCC | 976,203 | |
116 | Crown Finance US, Inc., Incremental Term Loan | 3.750% | 3-Month LIBOR | 2.750% | 9/20/26 | CCC | 98,548 | |
879 | Metro-Goldwyn-Mayer Inc., First Lien Term Loan | 2.620% | 1-Month LIBOR | 2.500% | 7/03/25 | BB- | 874,625 | |
400 | Metro-Goldwyn-Mayer Inc., Second Lien Term Loan | 5.500% | 1-Month LIBOR | 4.500% | 7/06/26 | B3 | 398,876 | |
176 | NASCAR Holdings, Inc, Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 10/18/26 | BB | 175,189 |
5
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Entertainment (continued) | ||||||||
$745 | Virgin Media Bristol LLC, Term Loan N, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | $744,877 | |
359 | William Morris Endeavor Entertainment, LLC, First Lien Term Loan | 2.860% | 1-Month LIBOR | 2.750% | 5/16/25 | B | 351,823 | |
313 | William Morris Endeavor Entertainment, LLC, First Lien, Term Loan | 2.897% | 3-Month LIBOR | 2.750% | 5/16/25 | B | 306,941 | |
4,475 | Total Entertainment | 4,238,635 | ||||||
Equity Real Estate Investment Trust – 0.4% (0.2% of Total Investments) | ||||||||
585 | Realogy Group LLC, Term Loan A | 1.863% | 1-Month LIBOR | 1.750% | 2/08/25 | BB | 582,256 | |
Food & Staples Retailing – 1.2% (0.7% of Total Investments) | ||||||||
80 | BJ's Wholesale Club, Inc., First Lien Term Loan | 2.111% | 1-Month LIBOR | 2.000% | 2/03/24 | BB+ | 80,307 | |
1,828 | US Foods, Inc., Term Loan B | 1.863% | 1-Month LIBOR | 1.750% | 6/27/23 | BB- | 1,810,130 | |
1,908 | Total Food & Staples Retailing | 1,890,437 | ||||||
Food Products – 0.6% (0.4% of Total Investments) | ||||||||
540 | American Seafoods Group LLC, First Lien Term Loan | 3.750% | 3-Month LIBOR | 2.750% | 8/21/23 | BB- | 539,328 | |
4 | American Seafoods Group LLC, First Lien Term Loan | 3.750% | 1-Month LIBOR | 2.750% | 8/21/23 | BB- | 3,605 | |
149 | Froneri International Ltd., Term Loan | 2.363% | 1-Month LIBOR | 2.250% | 1/31/27 | B1 | 146,903 | |
259 | UTZ Quality Foods, LLC, Term Loan B | 3.113% | 1-Month LIBOR | 3.000% | 1/20/28 | B1 | 259,594 | |
952 | Total Food Products | 949,430 | ||||||
Health Care Equipment & Supplies – 1.2% (0.7% of Total Investments) | ||||||||
461 | Greatbatch Ltd., Term Loan B | 3.500% | 1-Month LIBOR | 2.500% | 10/27/22 | B+ | 462,206 | |
270 | Lifescan Global Corporation, First Lien Term Loan | 6.202% | 3-Month LIBOR | 6.000% | 10/01/24 | B | 265,810 | |
532 | Viant Medical Holdings, Inc., First Lien Term Loan | 3.863% | 1-Month LIBOR | 3.750% | 7/02/25 | B3 | 517,467 | |
709 | Vyaire Medical, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 4/30/25 | B3 | 609,306 | |
1,972 | Total Health Care Equipment & Supplies | 1,854,789 | ||||||
Health Care Providers & Services – 9.3% (5.6% of Total Investments) | ||||||||
489 | ADMI Corp., Term Loan B2 | 3.250% | 1-Month LIBOR | 2.750% | 12/23/27 | B | 485,741 | |
597 | AHP Health Partners, Inc., Term Loan | 4.750% | 1-Month LIBOR | 3.750% | 6/30/25 | B1 | 599,378 | |
416 | Air Methods Corporation, Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 4/21/24 | B | 410,413 | |
559 | BW NHHC Holdco, Inc., First Lien Term Loan | 5.189% | 3-Month LIBOR | 5.000% | 5/15/25 | Caa1 | 523,495 | |
199 | DaVita, Inc. , Term Loan B | 1.863% | 1-Month LIBOR | 1.750% | 8/12/26 | BBB- | 198,188 | |
457 | Envision Healthcare Corporation, First Lien Term Loan | 3.863% | 1-Month LIBOR | 3.750% | 10/10/25 | Caa1 | 385,068 | |
502 | Gates Global LLC, Term Loan B3 | 3.500% | 1-Month LIBOR | 2.750% | 3/31/27 | B+ | 500,511 | |
846 | Gentiva Health Services, Inc., Term Loan | 2.875% | 1-Month LIBOR | 2.750% | 7/02/25 | B+ | 845,783 |
6
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Health Care Providers & Services (continued) | ||||||||
$176 | Global Medical Response, Inc., Term Loan B | 5.750% | 6-Month LIBOR | 4.750% | 10/02/25 | B | $176,429 | |
822 | Global Medical Response, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 10/02/25 | B | 824,188 | |
67 | HCA Inc., Term Loan B13 | 1.863% | 1-Month LIBOR | 1.750% | 3/18/26 | BBB- | 66,734 | |
461 | Heartland Dental, LLC, First Lien Term Loan | 3.613% | 1-Month LIBOR | 3.500% | 4/30/25 | B2 | 456,067 | |
761 | MMM Holdings, Inc., Term Loan B | 6.750% | 1-Month LIBOR | 5.750% | 12/26/26 | B+ | 762,385 | |
25 | National Mentor Holdings, Inc., Delayed Draw Term Loan | 1.875% | 3-Month LIBOR | 1.875% | 3/02/28 | B1 | 25,082 | |
228 | National Mentor Holdings, Inc., Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 3/02/28 | B1 | 228,020 | |
8 | National Mentor Holdings, Inc., Term Loan C | 4.500% | 3-Month LIBOR | 3.750% | 3/02/28 | B1 | 7,601 | |
655 | Onex TSG Intermediate Corp., Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 2/26/28 | B | 649,269 | |
1,428 | Phoenix Guarantor Inc, Term Loan B3 | 3.610% | 1-Month LIBOR | 3.500% | 3/05/26 | B1 | 1,417,437 | |
180 | Pluto Acquisition I, Inc., Incremental Term Loan B | 5.500% | 1-Month LIBOR | 5.000% | 6/20/26 | B2 | 180,784 | |
102 | Quorum Health Corporation, Term Loan, (6) | 9.250% | 1-Month LIBOR | 8.250% | 4/29/22 | N/R | 104,994 | |
— (7) | Quorum Health Corporation, Term Loan | 9.250% | 3-Month LIBOR | 8.250% | 4/29/22 | N/R | 265 | |
1,706 | RegionalCare Hospital Partners Holdings, Inc., Term Loan B | 3.863% | 1-Month LIBOR | 3.750% | 11/16/25 | B1 | 1,701,705 | |
1,201 | Select Medical Corporation, Term Loan B | 2.370% | 1-Month LIBOR | 2.250% | 3/06/25 | Ba2 | 1,190,765 | |
1,251 | Surgery Center Holdings, Inc., Term Loan B | 4.250% | 1-Month LIBOR | 3.250% | 9/03/24 | B1 | 1,248,678 | |
1,124 | Team Health Holdings, Inc., First Lien Term Loan | 3.750% | 1-Month LIBOR | 2.750% | 2/06/24 | B | 1,050,905 | |
499 | US Radiology Specialists, Inc., Term Loan | 6.250% | 3-Month LIBOR | 5.500% | 12/15/27 | B- | 501,645 | |
14,759 | Total Health Care Providers & Services | 14,541,530 | ||||||
Health Care Technology – 2.7% (1.6% of Total Investments) | ||||||||
915 | Carestream Health, Inc., Extended Second Lien Term Loan, (cash 5.500%, PIK 8.000%) | 5.500% | 3-Month LIBOR | 4.500% | 8/05/23 | CCC+ | 863,002 | |
1,352 | Carestream Health, Inc., Extended Term Loan | 7.750% | 3-Month LIBOR | 6.750% | 5/05/23 | N/R | 1,353,504 | |
1,162 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 3-Month LIBOR | 2.500% | 3/01/24 | B+ | 1,161,629 | |
34 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 34,233 |
7
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Health Care Technology (continued) | ||||||||
$839 | Zelis Healthcare Corporation, Term Loan | 3.615% | 1-Month LIBOR | 3.500% | 9/30/26 | B | $835,783 | |
4,302 | Total Health Care Technology | 4,248,151 | ||||||
Hotels, Restaurants & Leisure – 15.8% (9.5% of Total Investments) | ||||||||
2,547 | 1011778 B.C. Unlimited Liability Company, Term Loan B4 | 1.863% | 1-Month LIBOR | 1.750% | 11/19/26 | BB+ | 2,512,644 | |
232 | 24 Hour Fitness Worldwide, Inc., Exit Term Loan | 5.193% | 3-Month LIBOR | 5.000% | 12/29/25 | B3 | 205,885 | |
199 | Alterra Mountain Company, Term Loan B | 5.500% | 1-Month LIBOR | 4.500% | 8/01/26 | B | 199,865 | |
216 | Boyd Gaming Corporation, Term Loan B3 | 2.337% | 1-Week LIBOR | 2.250% | 9/15/23 | BB | 215,495 | |
3,824 | Caesars Resort Collection, LLC, First Lien Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 12/22/24 | B+ | 3,787,083 | |
373 | Caesars Resort Collection, LLC, Term Loan B1 | 4.613% | 1-Month LIBOR | 4.500% | 7/20/25 | B+ | 374,737 | |
273 | Carnival Corporation, Term Loan B | 8.500% | 1-Month LIBOR | 7.500% | 6/30/25 | Ba2 | 281,706 | |
485 | Churchill Downs Incorporated, Incremental Term Loan B1 | 2.120% | 1-Month LIBOR | 2.000% | 3/17/28 | BBB- | 482,299 | |
1,591 | CityCenter Holdings, LLC, Term Loan B | 3.000% | 1-Month LIBOR | 2.250% | 4/18/24 | B+ | 1,575,847 | |
1,614 | ClubCorp Holdings, Inc., Term Loan B | 2.953% | 3-Month LIBOR | 2.750% | 9/18/24 | B- | 1,556,551 | |
168 | Crown Finance US, Inc., Term Loan B1, (cash 7.000%, PIK 8.250%) | 7.000% | 3-Month LIBOR | 7.000% | 5/23/24 | B- | 212,364 | |
2,025 | Equinox Holdings, Inc., First Lien Term Loan | 4.000% | 3-Month LIBOR | 3.000% | 3/08/24 | CCC | 1,931,358 | |
2,024 | Golden Nugget, Inc., Incremental Term Loan B, (DD1) | 3.250% | 2-Month LIBOR | 2.500% | 10/04/23 | B | 2,003,190 | |
127 | Hilton Worldwide Finance, LLC, Term Loan B2 | 1.861% | 1-Month LIBOR | 1.750% | 6/21/26 | BBB- | 126,340 | |
1,172 | IRB Holding Corp, Fourth Amendment Incremental Term Loan | 4.250% | 3-Month LIBOR | 3.250% | 12/15/27 | B | 1,170,966 | |
1,297 | Life Time Fitness Inc , Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 12/15/24 | B- | 1,303,033 | |
439 | PCI Gaming Authority, Term Loan | 2.610% | 1-Month LIBOR | 2.500% | 5/31/26 | BBB- | 436,173 | |
876 | Penn National Gaming, Inc., First Lien Term Loan B | 3.000% | 1-Month LIBOR | 2.250% | 10/15/25 | BB- | 872,995 | |
2,228 | Scientific Games International, Inc., Term Loan B5 | 2.863% | 1-Month LIBOR | 2.750% | 8/14/24 | B+ | 2,199,082 | |
235 | SeaWorld Parks & Entertainment, Inc., Term Loan B5 | 3.750% | 1-Month LIBOR | 3.000% | 3/31/24 | B2 | 232,706 | |
1,169 | Stars Group Holdings B.V., Incremental Term Loan | 3.703% | 3-Month LIBOR | 3.500% | 7/10/25 | BBB- | 1,173,497 | |
1,460 | Station Casinos LLC, Term Loan B | 2.500% | 1-Month LIBOR | 2.250% | 2/08/27 | BB- | 1,441,844 |
8
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Hotels, Restaurants & Leisure (continued) | ||||||||
$350 | Zaxby's Operating Company LLC, First Lien Term Loan | 4.500% | 1-Month LIBOR | 3.750% | 12/28/27 | B | $350,919 | |
24,924 | Total Hotels, Restaurants & Leisure | 24,646,579 | ||||||
Household Durables – 0.6% (0.4% of Total Investments) | ||||||||
237 | Apex Tool Group, LLC, Term Loan B | 6.750% | 1-Month LIBOR | 5.500% | 8/21/24 | B3 | 237,664 | |
47 | Serta Simmons Bedding, LLC, Priority First Out Term Loan, (6) | 8.500% | 1-Month LIBOR | 7.500% | 6/01/27 | N/R | 48,012 | |
582 | Serta Simmons Bedding, LLC, Priority Second Out Term Loan, (6) | 8.500% | 1-Month LIBOR | 7.500% | 6/01/27 | N/R | 557,930 | |
175 | Weber-Stephen Products LLC, Term Loan B | 4.000% | 1-Month LIBOR | 3.250% | 10/30/27 | B1 | 174,754 | |
1,041 | Total Household Durables | 1,018,360 | ||||||
Household Products – 0.2% (0.1% of Total Investments) | ||||||||
367 | Reynolds Group Holdings Inc. , Term Loan | 2.863% | 1-Month LIBOR | 2.750% | 2/05/23 | B+ | 367,111 | |
Independent Power & Renewable Electricity Producers – 0.2% (0.1% of Total Investments) | ||||||||
326 | WIN Waste Innovations Holdings, Inc., Term Loan B | 3.250% | 1-Month LIBOR | 2.750% | 3/25/28 | B+ | 325,123 | |
Industrial Conglomerates – 0.5% (0.3% of Total Investments) | ||||||||
725 | EAB Global, Inc., First Lien Term Loan | 4.750% | 3-Month LIBOR | 3.750% | 9/29/24 | B2 | 724,823 | |
2 | EAB Global, Inc., First Lien Term Loan | 4.750% | 2-Month LIBOR | 3.750% | 9/29/24 | B2 | 1,997 | |
727 | Total Industrial Conglomerates | 726,820 | ||||||
Insurance – 2.2% (1.3% of Total Investments) | ||||||||
1,514 | Acrisure, LLC, Term Loan B | 3.703% | 3-Month LIBOR | 3.500% | 2/15/27 | B | 1,493,530 | |
500 | Alliant Holdings Intermediate, LLC, Term Loan B3, (WI/DD) | TBD | TBD | TBD | TBD | B | 500,660 | |
351 | Asurion LLC, Term Loan B8 | 3.363% | 1-Month LIBOR | 3.250% | 12/23/26 | Ba3 | 349,132 | |
986 | Hub International Limited, Term Loan B | 3.176% | 3-Month LIBOR | 3.000% | 4/25/25 | B | 974,334 | |
174 | Ryan Specialty Group, LLC, Term Loan | 3.750% | 1-Month LIBOR | 3.000% | 9/01/27 | B1 | 174,197 | |
3,525 | Total Insurance | 3,491,853 | ||||||
Interactive Media & Services – 1.6% (1.0% of Total Investments) | ||||||||
1,022 | Arches Buyer Inc., Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 12/06/27 | B1 | 1,018,711 | |
541 | Rackspace Technology Global, Inc., Term Loan | 3.500% | 3-Month LIBOR | 2.750% | 2/09/28 | B+ | 537,426 | |
978 | WeddingWire, Inc., First Lien Term Loan | 4.686% | 3-Month LIBOR | 4.500% | 12/21/25 | B+ | 977,505 | |
2,541 | Total Interactive Media & Services | 2,533,642 | ||||||
Internet & Direct Marketing Retail – 0.5% (0.3% of Total Investments) | ||||||||
750 | CNT Holdings I Corp, Term Loan | 4.500% | 6-Month LIBOR | 3.750% | 11/08/27 | B | 749,708 | |
Internet Software & Services – 1.3% (0.8% of Total Investments) | ||||||||
265 | Banff Merger Sub Inc, Term Loan | 3.863% | 1-Month LIBOR | 3.750% | 10/02/25 | B2 | 263,746 |
9
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Internet Software & Services (continued) | ||||||||
$1,710 | Greeneden U.S. Holdings II, LLC, Term Loan B4 | 4.750% | 1-Month LIBOR | 4.000% | 12/01/27 | B- | $1,716,155 | |
1,975 | Total Internet Software & Services | 1,979,901 | ||||||
IT Services – 5.1% (3.1% of Total Investments) | ||||||||
199 | DTI Holdco, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 9/30/23 | CCC+ | 192,358 | |
1 | DTI Holdco, Inc., Term Loan B | 5.750% | 2-Month LIBOR | 4.750% | 9/30/23 | CCC+ | 505 | |
483 | KBR, Inc., Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 2/07/27 | Ba1 | 482,825 | |
210 | NeuStar, Inc., Term Loan B4 | 4.500% | 3-Month LIBOR | 3.500% | 8/08/24 | B+ | 197,925 | |
250 | Project Ruby Ultimate Parent Corp., Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 3/10/28 | B | 248,594 | |
1,238 | Sabre GLBL Inc., Term Loan B | 2.113% | 1-Month LIBOR | 2.000% | 2/22/24 | Ba3 | 1,224,859 | |
1,467 | Syniverse Holdings, Inc., First Lien Term Loan | 6.000% | 3-Month LIBOR | 5.000% | 3/09/23 | CCC+ | 1,450,123 | |
1,500 | Syniverse Holdings, Inc., Second Lien Term Loan | 10.000% | 3-Month LIBOR | 9.000% | 3/11/24 | CCC- | 1,472,182 | |
847 | Tempo Acquisition LLC, Extended Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 10/31/26 | B1 | 847,759 | |
1,883 | West Corporation, Term Loan | 5.000% | 3-Month LIBOR | 4.000% | 10/10/24 | BB- | 1,841,124 | |
8,078 | Total IT Services | 7,958,254 | ||||||
Life Sciences Tools & Services – 4.0% (2.4% of Total Investments) | ||||||||
1,913 | Parexel International Corporation, Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 9/27/24 | B2 | 1,898,851 | |
4,293 | PPD, Inc., Initial Term Loan | 2.750% | 1-Month LIBOR | 2.250% | 1/13/28 | Ba2 | 4,290,557 | |
6,206 | Total Life Sciences Tools & Services | 6,189,408 | ||||||
Machinery – 1.6% (0.9% of Total Investments) | ||||||||
9 | Alliance Laundry Systems LLC, Term Loan B | 4.250% | 1-Month LIBOR | 3.500% | 10/08/27 | B | 8,501 | |
740 | Alliance Laundry Systems LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.500% | 10/08/27 | B | 740,443 | |
199 | Blount International Inc., Term Loan B | 4.750% | 1-Month LIBOR | 3.750% | 4/12/23 | B2 | 200,112 | |
77 | Gardner Denver, Inc., Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 1/31/27 | BB+ | 76,970 | |
686 | Gardner Denver, Inc., Term Loan B2 | 1.863% | 1-Month LIBOR | 1.750% | 2/28/27 | Ba2 | 678,375 | |
746 | Vertical Midco GmbH, Term Loan B | 4.478% | 6-Month LIBOR | 4.250% | 7/31/27 | B1 | 748,542 | |
2,457 | Total Machinery | 2,452,943 | ||||||
Marine – 0.4% (0.3% of Total Investments) | ||||||||
958 | HGIM Corp., Exit Term Loan | 7.000% | 3-Month LIBOR | 6.000% | 7/02/23 | Caa3 | 660,901 | |
Media – 12.7% (7.7% of Total Investments) | ||||||||
66 | Checkout Holding Corp., First Out Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 2/15/23 | N/R | 62,512 | |
109 | Checkout Holding Corp., Last Out Term Loan, (cash 5.750%, PIK 9.500%) | 5.750% | 1-Month LIBOR | 1.000% | 8/15/23 | N/R | 49,851 |
10
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Media (continued) | ||||||||
$2,261 | Clear Channel Outdoor Holdings, Inc., Term Loan B | 3.685% | 3-Month LIBOR | 3.500% | 8/21/26 | B1 | $2,195,442 | |
6 | Clear Channel Outdoor Holdings, Inc., Term Loan B | 3.647% | 2-Month LIBOR | 3.500% | 8/21/26 | B1 | 5,586 | |
218 | CSC Holdings, LLC, Incremental Term Loan | 2.365% | 1-Month LIBOR | 2.250% | 1/15/26 | BB | 216,472 | |
714 | CSC Holdings, LLC, Term Loan B1 | 2.365% | 1-Month LIBOR | 2.250% | 7/17/25 | BB | 707,198 | |
1,512 | CSC Holdings, LLC, Term Loan B5 | 2.615% | 1-Month LIBOR | 2.500% | 4/15/27 | Ba3 | 1,506,656 | |
149 | Cumulus Media New Holdings Inc., Term Loan B | 4.750% | 3-Month LIBOR | 3.750% | 3/31/26 | B | 147,318 | |
202 | Diamond Sports Group LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B2 | 145,081 | |
490 | E.W. Scripps Company (The), Term Loan B2 | 3.313% | 1-Month LIBOR | 2.562% | 5/01/26 | BB | 488,352 | |
92 | Entercom Media Corp., Term Loan | 2.611% | 1-Month LIBOR | 2.500% | 11/17/24 | BB- | 91,146 | |
415 | Gray Television, Inc., Term Loan B | 2.365% | 1-Month LIBOR | 2.250% | 2/07/24 | BB | 413,015 | |
234 | Houghton Mifflin Harcourt Publishing Company, Term Loan B | 7.250% | 1-Month LIBOR | 6.250% | 11/22/24 | BB- | 234,919 | |
1,439 | iHeartCommunications, Inc., Term Loan | 3.113% | 1-Month LIBOR | 3.000% | 5/01/26 | B+ | 1,424,174 | |
868 | Intelsat Jackson Holdings S.A., DIP Term Loan, (6) | 6.500% | 3-Month LIBOR | 5.500% | 7/13/21 | N/R | 879,064 | |
2,437 | Intelsat Jackson Holdings S.A., Term Loan B3, (6) | 8.000% | Prime | 4.750% | 11/27/23 | N/R | 2,484,476 | |
149 | LCPR Loan Financing LLC, Term Loan B | 3.865% | 1-Month LIBOR | 3.750% | 10/15/28 | BB | 149,895 | |
2,543 | McGraw-Hill Global Education Holdings, LLC, Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 11/01/24 | BB | 2,562,866 | |
198 | Meredith Corporation, Incremental Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 1/31/25 | BB- | 202,222 | |
939 | Meredith Corporation, Term Loan B2 | 2.613% | 1-Month LIBOR | 2.500% | 1/31/25 | BB- | 929,027 | |
902 | Nexstar Broadcasting, Inc., Term Loan B3 | 2.356% | 1-Month LIBOR | 2.250% | 1/17/24 | BBB- | 899,762 | |
518 | Nexstar Broadcasting, Inc., Term Loan B4 | 2.615% | 1-Month LIBOR | 2.500% | 9/19/26 | BBB- | 516,063 | |
104 | Red Ventures, LLC, Term Loan B2 | 2.613% | 1-Month LIBOR | 2.500% | 11/08/24 | BB | 102,564 | |
336 | Sinclair Television Group Inc., Term Loan B1 | 2.370% | 1-Month LIBOR | 2.250% | 1/03/24 | Ba2 | 333,489 | |
345 | Sinclair Television Group Inc., Term Loan B2B | 2.620% | 1-Month LIBOR | 2.500% | 9/30/26 | Ba2 | 341,087 | |
490 | Springer Nature Deutschland GmbH, Term Loan B18 | 4.000% | 1-Month LIBOR | 3.250% | 8/14/26 | B+ | 489,773 | |
1,216 | WideOpenWest Finance LLC, Term Loan B | 4.250% | 1-Month LIBOR | 3.250% | 8/19/23 | B | 1,216,491 |
11
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Media (continued) | ||||||||
$1,097 | Ziggo Financing Partnership, Term Loan I | 2.615% | 1-Month LIBOR | 2.500% | 4/30/28 | BB | $1,086,700 | |
20,049 | Total Media | 19,881,201 | ||||||
Multiline Retail – 0.4% (0.2% of Total Investments) | ||||||||
606 | EG America LLC, Term Loan | 4.203% | 3-Month LIBOR | 4.000% | 2/05/25 | B- | 598,833 | |
Office Electronics – 0.0% (0.0% of Total Investments) | ||||||||
63 | Pitney Bowes Inc., Term Loan B | 4.120% | 1-Month LIBOR | 4.000% | 3/19/28 | BBB- | 63,122 | |
Oil, Gas & Consumable Fuels – 2.6% (1.6% of Total Investments) | ||||||||
717 | BCP Renaissance Parent LLC, Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 11/01/24 | B+ | 703,785 | |
842 | Buckeye Partners, L.P., Term Loan B | 2.359% | 3-Month LIBOR | 2.250% | 11/01/26 | BBB- | 839,113 | |
443 | Fieldwood Energy LLC, DIP Delayed Draw Term Loan, (5), (6) | 9.750% | 1-Month LIBOR | 8.750% | 8/05/21 | N/R | 460,637 | |
3,112 | Fieldwood Energy LLC, Exit First Lien Term Loan, (DD1), (6) | 0.000% | N/A | N/A | 4/11/22 | N/R | 1,205,204 | |
1,811 | Fieldwood Energy LLC, Exit Second Lien Term Loan, (6) | 0.000% | N/A | N/A | 4/11/23 | N/R | 101,422 | |
319 | Gulf Finance, LLC, Term Loan B, (DD1) | 6.250% | 1-Month LIBOR | 5.250% | 8/25/23 | CCC+ | 273,917 | |
539 | Gulf Finance, LLC, Term Loan B, (DD1) | 6.250% | 3-Month LIBOR | 5.250% | 8/25/23 | CCC+ | 462,584 | |
151 | Peabody Energy Corporation, Term Loan | 2.863% | 1-Month LIBOR | 2.750% | 3/31/25 | Caa1 | 51,132 | |
7,934 | Total Oil, Gas & Consumable Fuels | 4,097,794 | ||||||
Paper & Forest Products – 0.7% (0.4% of Total Investments) | ||||||||
707 | Asplundh Tree Expert, LLC, Term Loan B | 1.863% | 1-Month LIBOR | 1.750% | 9/04/27 | Ba1 | 704,741 | |
448 | Post Holdings Inc., Term Loan B | 4.750% | 1-Month LIBOR | 4.000% | 10/21/24 | B+ | 451,988 | |
1,155 | Total Paper & Forest Products | 1,156,729 | ||||||
Personal Products – 1.6% (1.0% of Total Investments) | ||||||||
82 | Coty Inc., Term Loan B | 2.360% | 1-Month LIBOR | 2.250% | 4/05/25 | B | 78,376 | |
330 | Journey Personal Care Corp., Term Loan B | 5.000% | 3-Month LIBOR | 4.250% | 3/01/28 | B | 330,619 | |
449 | Kronos Acquisition Holdings Inc., Term Loan B | 4.250% | 3-Month LIBOR | 3.750% | 12/22/26 | B2 | 443,385 | |
3 | Revlon Consumer Products Corporation, Term Loan B, (DD1), (8) | 4.250% | 2-Month LIBOR | 3.500% | 9/07/23 | CC | 2,551 | |
2,160 | Revlon Consumer Products Corporation, Term Loan B, (DD1) | 4.250% | 3-Month LIBOR | 3.500% | 9/07/23 | CC | 1,646,865 | |
3,024 | Total Personal Products | 2,501,796 | ||||||
Pharmaceuticals – 7.4% (4.5% of Total Investments) | ||||||||
1,637 | Advanz Pharma Corp, Exit Tern Loan B | 6.500% | 1-Month LIBOR | 5.500% | 9/06/24 | B- | 1,636,031 | |
1,811 | Bausch Health Companies Inc., Term Loan B | 3.113% | 1-Month LIBOR | 3.000% | 6/02/25 | BB | 1,809,739 |
12
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Pharmaceuticals (continued) | ||||||||
$839 | Bausch Health Companies Inc., Term Loan B | 2.863% | 1-Month LIBOR | 2.750% | 11/27/25 | BB | $837,843 | |
491 | Catalent Pharma Solutions Inc., Term Loan B3 | 2.500% | 1-Month LIBOR | 2.000% | 2/22/28 | BBB- | 492,478 | |
320 | Elanco Animal Health Incorporated, Term Loan B | 1.865% | 1-Month LIBOR | 1.750% | 8/01/27 | Baa3 | 316,392 | |
1,294 | Endo Luxembourg Finance Company I S.a r.l., Term Loan | 5.750% | 1-Month LIBOR | 5.000% | 3/25/28 | B+ | 1,264,341 | |
809 | Gainwell Acquisition Corp., Term Loan B | 4.750% | 3-Month LIBOR | 4.000% | 10/01/27 | BB- | 810,521 | |
1,500 | Jazz Financing Lux Sarl, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 1,504,995 | |
1,528 | Mallinckrodt International Finance S.A., Term Loan B, (DD1), (6) | 5.500% | 3-Month LIBOR | 4.750% | 9/24/24 | D | 1,490,171 | |
491 | Mallinckrodt International Finance S.A., Term Loan B, (6) | 5.750% | 3-Month LIBOR | 5.000% | 2/24/25 | D | 479,441 | |
1,000 | Organon & Co, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB | 998,540 | |
11,720 | Total Pharmaceuticals | 11,640,492 | ||||||
Professional Services – 1.6% (1.0% of Total Investments) | ||||||||
965 | Ceridian HCM Holding Inc., Term Loan B | 2.587% | 1-Week LIBOR | 2.500% | 4/30/25 | B+ | 951,777 | |
321 | Creative Artists Agency, LLC , Term Loan B | 3.863% | 1-Month LIBOR | 3.750% | 11/26/26 | B | 318,681 | |
419 | Dun & Bradstreet Corporation (The), Term Loan | 3.361% | 1-Month LIBOR | 3.250% | 2/08/26 | BB+ | 416,894 | |
200 | Nielsen Consumer Inc., Term Loan B | 4.111% | 3-Month LIBOR | 4.000% | 3/05/28 | BB | 199,854 | |
586 | Nielsen Finance LLC, Term Loan B4 | 2.113% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB- | 585,589 | |
2,491 | Total Professional Services | 2,472,795 | ||||||
Real Estate Management & Development – 1.5% (0.9% of Total Investments) | ||||||||
1,312 | Brookfield Property REIT Inc., Term Loan A2 | 3.113% | 1-Month LIBOR | 3.000% | 8/24/23 | BB+ | 1,286,859 | |
998 | North American Lifting Holdings, Inc., Priority Term Loan | 7.500% | 3-Month LIBOR | 6.500% | 10/16/24 | B+ | 1,043,634 | |
2,310 | Total Real Estate Management & Development | 2,330,493 | ||||||
Road & Rail – 4.2% (2.5% of Total Investments) | ||||||||
373 | Avolon TLB Borrower 1 (US) LLC, Term Loan B3 | 2.500% | 1-Month LIBOR | 1.750% | 1/15/25 | Baa2 | 371,814 | |
990 | Genesee & Wyoming Inc. (New), Term Loan | 2.203% | 3-Month LIBOR | 2.000% | 12/30/26 | BB+ | 987,584 | |
879 | Gruden Acquisition, Inc., Term Loan | 6.500% | 3-Month LIBOR | 5.500% | 8/18/22 | B- | 880,088 | |
1,064 | Hertz Corporation, (The), DIP Delayed Draw Term Loan, (5) | 8.250% | 1-Month LIBOR | 7.250% | 12/31/21 | N/R | 1,072,418 | |
356 | Hertz Corporation, (The), DIP Delayed Draw Term Loan | 8.250% | 3-Month LIBOR | 7.250% | 12/31/21 | N/R | 359,269 |
13
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Road & Rail (continued) | ||||||||
$1,749 | Hertz Corporation, (The), Term Loan B, (DD1), (6) | 3.500% | 1-Month LIBOR | 2.750% | 6/30/23 | N/R | $1,760,876 | |
430 | Hertz Corporation, (The), Term Loan B, (WI/DD), (5) | TBD | TBD | TBD | TBD | N/R | 433,225 | |
28 | Savage Enterprises LLC, Term Loan B | 3.120% | 1-Month LIBOR | 3.000% | 8/01/25 | BB | 27,703 | |
722 | XPO Logistics, Inc., Term Loan B | 1.861% | 1-Month LIBOR | 1.750% | 2/23/25 | N/R | 719,299 | |
6,591 | Total Road & Rail | 6,612,276 | ||||||
Semiconductors & Semiconductor Equipment – 0.7% (0.5% of Total Investments) | ||||||||
51 | Bright Bidco B.V., Term Loan B, (DD1) | 4.500% | 6-Month LIBOR | 3.500% | 6/30/24 | CCC | 39,493 | |
437 | CMC Materials, Inc., Term Loan B1 | 2.125% | 1-Month LIBOR | 2.000% | 11/15/25 | BBB- | 437,653 | |
703 | ON Semiconductor Corporation, Term Loan B | 2.113% | 1-Month LIBOR | 2.000% | 9/19/26 | BB+ | 702,259 | |
1,191 | Total Semiconductors & Semiconductor Equipment | 1,179,405 | ||||||
Software – 12.2% (7.4% of Total Investments) | ||||||||
661 | Apttus Corp, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BB | 660,833 | |
837 | Blackboard, Inc., Term Loan B5 | 7.000% | 3-Month LIBOR | 6.000% | 6/30/24 | B | 837,778 | |
413 | By Crown Parent, LLC, Term Loan B1 | 4.000% | 1-Month LIBOR | 3.000% | 1/30/26 | B1 | 413,361 | |
257 | Camelot U.S. Acquisition 1 Co., Term Loan B | 3.113% | 1-Month LIBOR | 3.000% | 10/31/26 | B | 254,728 | |
1,250 | Delta TopCo, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 12/01/27 | B2 | 1,252,125 | |
264 | Dynatrace LLC, First Lien Term Loan | 2.363% | 1-Month LIBOR | 2.250% | 8/23/25 | BB+ | 263,068 | |
1,381 | Epicor Software Corporation, Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 7/31/27 | B- | 1,380,725 | |
688 | Finastra USA, Inc., First Lien Term Loan | 4.500% | 6-Month LIBOR | 3.500% | 6/13/24 | BB- | 677,301 | |
179 | GlobalLogic Holdings Inc., Incremental Term Loan B2 | 4.500% | 1-Month LIBOR | 3.750% | 9/14/27 | B | 179,585 | |
158 | Greenway Health, LLC, First Lien Term Loan | 4.750% | 3-Month LIBOR | 3.750% | 2/16/24 | B- | 149,872 | |
1,164 | Informatica LLC,, Term Loan B | 3.363% | 1-Month LIBOR | 3.250% | 2/14/27 | B1 | 1,155,375 | |
348 | iQor US Inc., Second Out Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 11/19/25 | CCC+ | 346,320 | |
450 | MA FinanceCo., LLC, Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 6/05/25 | BB | 452,722 | |
394 | MA FinanceCo., LLC, Term Loan B3 | 2.863% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 390,315 | |
753 | McAfee, LLC, Term Loan B | 3.860% | 1-Month LIBOR | 3.750% | 9/29/24 | BB | 753,399 | |
124 | Mitchell International, Inc., First Lien Term Loan | 3.363% | 1-Month LIBOR | 3.250% | 11/29/24 | B2 | 122,064 | |
133 | Mitchell International, Inc., Second Lien Term Loan | 7.363% | 1-Month LIBOR | 7.250% | 11/30/25 | CCC | 133,611 | |
443 | Perforce Software, Inc., Term Loan B | 3.863% | 1-Month LIBOR | 3.750% | 7/01/26 | B- | 438,508 | |
443 | Project Boost Purchaser, LLC, Term Loan B | 3.609% | 1-Month LIBOR | 3.500% | 5/30/26 | BB- | 440,526 | |
550 | RealPage Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 548,111 | |
2,662 | Seattle Spinco, Inc., Term Loan B3 | 2.863% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 2,635,893 | |
134 | SkillSoft Corporation, First Out Rolled Up Exit Term Loan | 8.500% | 3-Month LIBOR | 7.500% | 12/27/24 | B+ | 137,974 |
14
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Software (continued) | ||||||||
$433 | SkillSoft Corporation, Takeback Second – Out Term Loan | 8.500% | 3-Month LIBOR | 7.500% | 4/27/25 | B- | $433,118 | |
546 | Sophia, L.P., First Lien Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 10/07/27 | B | 547,110 | |
468 | SS&C European Holdings Sarl, Term Loan B4 | 1.863% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 463,848 | |
632 | SS&C Technologies Inc., Term Loan B3 | 1.863% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 625,444 | |
974 | SS&C Technologies Inc., Term Loan B5 | 1.863% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 965,407 | |
444 | Tibco Software Inc., Term Loan B3 | 3.870% | 1-Month LIBOR | 3.750% | 7/03/26 | B+ | 441,809 | |
714 | Ultimate Software Group Inc(The), Incremental Term Loan | 4.000% | 3-Month LIBOR | 3.250% | 5/03/26 | B1 | 715,565 | |
492 | Ultimate Software Group Inc(The), Term Loan B | 3.863% | 1-Month LIBOR | 3.750% | 5/03/26 | B1 | 493,305 | |
205 | Xperi Corporation, Term Loan B | 4.113% | 1-Month LIBOR | 4.000% | 6/01/25 | BB- | 205,508 | |
589 | ZoomInfo LLC, Term Loan B | 3.113% | 1-Month LIBOR | 3.000% | 2/01/26 | BB- | 589,815 | |
19,183 | Total Software | 19,105,123 | ||||||
Specialty Retail – 2.8% (1.7% of Total Investments) | ||||||||
499 | Academy, Ltd, Term Loan | 5.750% | 1-Month LIBOR | 5.000% | 11/06/27 | B | 500,620 | |
360 | Birkenstock US BidCo Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 359,552 | |
594 | Mattress Firm Inc, Term Loan B | 6.250% | 6-Month LIBOR | 5.250% | 11/25/27 | B+ | 605,902 | |
2,750 | PetSmart, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 2/12/28 | BB- | 2,761,344 | |
204 | Staples, Inc., Term Loan | 5.205% | 3-Month LIBOR | 5.000% | 4/12/26 | B | 199,806 | |
4,407 | Total Specialty Retail | 4,427,224 | ||||||
Technology Hardware, Storage & Peripherals – 2.7% (1.6% of Total Investments) | ||||||||
929 | Ahead Data Blue, LLC, Term Loan B | 6.000% | 3-Month LIBOR | 5.000% | 10/16/27 | B+ | 935,531 | |
648 | Conduent Business Services, LLC, Term Loan A | 1.863% | 1-Month LIBOR | 1.750% | 12/07/22 | BB- | 638,253 | |
992 | Dell International LLC, Term Loan B | 2.000% | 1-Month LIBOR | 1.750% | 9/19/25 | BBB- | 992,614 | |
391 | NCR Corporation, Term Loan | 2.690% | 3-Month LIBOR | 2.500% | 8/28/26 | BB+ | 385,624 | |
181 | Peraton Holding Corp, Term Loan B | 4.500% | 1-Month LIBOR | 3.750% | 2/01/28 | BB- | 181,330 | |
319 | Peraton Holding Corp, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB- | 319,123 | |
264 | Tech Data Corporation, Term Loan | 3.613% | 1-Month LIBOR | 3.500% | 7/01/25 | BBB- | 264,829 | |
479 | Western Digital Corporation, Term Loan B4 | 1.860% | 1-Month LIBOR | 1.750% | 4/29/23 | BBB- | 479,694 | |
4,203 | Total Technology Hardware, Storage & Peripherals | 4,196,998 | ||||||
Textiles, Apparel & Luxury Goods – 0.2% (0.1% of Total Investments) | ||||||||
270 | CBI Buyer, Inc., Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 1/06/28 | B1 | 269,606 | |
Trading Companies & Distributors – 0.4% (0.2% of Total Investments) | ||||||||
169 | Hayward Industries, Inc., First Lien Term Loan | 3.613% | 1-Month LIBOR | 3.500% | 8/04/24 | B+ | 169,016 |
15
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Trading Companies & Distributors (continued) | ||||||||
$387 | Univar Inc., Term Loan B3 | 2.363% | 1-Month LIBOR | 2.250% | 7/01/24 | BBB- | $386,500 | |
556 | Total Trading Companies & Distributors | 555,516 | ||||||
Transportation Infrastructure – 0.3% (0.2% of Total Investments) | ||||||||
489 | Atlantic Aviation FBO Inc., Term Loan B | 3.870% | 1-Month LIBOR | 3.750% | 12/06/25 | BB | 489,209 | |
Wireless Telecommunication Services – 0.3% (0.2% of Total Investments) | ||||||||
500 | Gogo Intermediate Holdings LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B- | 497,500 | |
$226,190 | Total Variable Rate Senior Loan Interests (cost $220,680,405) | 218,771,855 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
CORPORATE BONDS – 11.1% (6.7% of Total Investments) | ||||||||
Aerospace & Defense – 0.7% (0.5% of Total Investments) | ||||||||
$1,080 | Bombardier Inc, 144A | 6.000% | 10/15/22 | CCC | $1,080,270 | |||
63 | Bombardier Inc, 144A | 6.125% | 1/15/23 | CCC | 66,042 | |||
1,143 | Total Aerospace & Defense | 1,146,312 | ||||||
Auto Components – 0.5% (0.3% of Total Investments) | ||||||||
730 | Adient Global Holdings Ltd, 144A | 4.875% | 8/15/26 | B | 749,163 | |||
Chemicals – 0.2% (0.1% of Total Investments) | ||||||||
230 | Olin Corp, 144A | 9.500% | 6/01/25 | BB | 288,363 | |||
Communications Equipment – 0.3% (0.2% of Total Investments) | ||||||||
375 | CommScope Inc, 144A | 8.250% | 3/01/27 | B- | 401,719 | |||
Diversified Telecommunication Services – 0.4% (0.2% of Total Investments) | ||||||||
375 | Avaya Inc, 144A | 6.125% | 9/15/28 | B | 398,438 | |||
220 | Windstream Escrow LLC / Windstream Escrow Finance Corp, 144A | 7.750% | 8/15/28 | B | 229,350 | |||
595 | Total Diversified Telecommunication Services | 627,788 | ||||||
Electric Utilities – 1.2% (0.8% of Total Investments) | ||||||||
1,175 | Bruce Mansfield Unit 1 2007 Pass Through Trust, (6) | 6.850% | 6/01/34 | N/R | 1,469 | |||
280 | Pacific Gas and Electric Co | 3.850% | 11/15/23 | BBB- | 297,160 | |||
178 | Pacific Gas and Electric Co | 3.450% | 7/01/25 | BBB- | 188,262 | |||
935 | Pacific Gas and Electric Co | 3.300% | 12/01/27 | BBB- | 964,779 | |||
178 | Pacific Gas and Electric Co | 3.750% | 7/01/28 | BBB- | 187,373 | |||
202 | Pacific Gas and Electric Co | 4.550% | 7/01/30 | BBB- | 217,683 | |||
72 | Pacific Gas and Electric Co | 4.500% | 7/01/40 | BBB- | 72,480 | |||
3,020 | Total Electric Utilities | 1,929,206 | ||||||
Energy Equipment & Services – 0.2% (0.1% of Total Investments) | ||||||||
280 | Bausch Health Cos Inc, 144A | 6.125% | 4/15/25 | B | 285,888 |
16
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Entertainment – 0.9% (0.6% of Total Investments) | ||||||||
$500 | AMC Entertainment Holdings Inc, 144A | 10.500% | 4/15/25 | CCC | $535,110 | |||
1,079 | AMC Entertainment Holdings Inc, 144A, (cash 10.000%, PIK 12.000%) | 12.000% | 6/15/26 | C | 925,658 | |||
1,579 | Total Entertainment | 1,460,768 | ||||||
Equity Real Estate Investment Trust – 0.7% (0.4% of Total Investments) | ||||||||
1,035 | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC, 144A | 7.875% | 2/15/25 | B | 1,115,212 | |||
Health Care Providers & Services – 1.4% (0.8% of Total Investments) | ||||||||
510 | CHS/Community Health Systems Inc, 144A | 8.000% | 3/15/26 | B | 549,525 | |||
100 | CHS/Community Health Systems Inc, 144A | 8.000% | 12/15/27 | B | 110,000 | |||
50 | HCA Inc | 5.375% | 2/01/25 | BB | 55,722 | |||
125 | Tenet Healthcare Corp | 4.625% | 7/15/24 | BB- | 126,887 | |||
485 | Tenet Healthcare Corp, 144A | 6.250% | 2/01/27 | B1 | 508,644 | |||
725 | Tenet Healthcare Corp, 144A | 6.125% | 10/01/28 | B | 764,875 | |||
1,995 | Total Health Care Providers & Services | 2,115,653 | ||||||
Hotels, Restaurants & Leisure – 0.1% (0.1% of Total Investments) | ||||||||
160 | Carnival Corp, 144A | 11.500% | 4/01/23 | Ba2 | 183,872 | |||
Household Durables – 0.0% (0.0% of Total Investments) | ||||||||
80 | Kronos Acquisition Holdings Inc / KIK Custom Products Inc, 144A | 5.000% | 12/31/26 | B2 | 80,700 | |||
Media – 2.7% (1.6% of Total Investments) | ||||||||
925 | Diamond Sports Group LLC / Diamond Sports Finance Co, 144A | 5.375% | 8/15/26 | B | 675,250 | |||
1,000 | Diamond Sports Group LLC / Diamond Sports Finance Co, 144A | 6.625% | 8/15/27 | Caa2 | 540,000 | |||
910 | Houghton Mifflin Harcourt Publishers Inc, 144A | 9.000% | 2/15/25 | BB- | 973,700 | |||
1 | iHeartCommunications Inc | 6.375% | 5/01/26 | B+ | 903 | |||
396 | iHeartCommunications Inc | 8.375% | 5/01/27 | CCC+ | 424,779 | |||
1,075 | iHeartCommunications Inc, 144A | 5.250% | 8/15/27 | B+ | 1,112,625 | |||
165 | Intelsat Luxembourg SA, (6) | 8.125% | 6/01/23 | N/R | 5,775 | |||
415 | Univision Communications Inc, 144A | 9.500% | 5/01/25 | B | 461,169 | |||
4,887 | Total Media | 4,194,201 | ||||||
Metals & Mining – 0.2% (0.1% of Total Investments) | ||||||||
320 | First Quantum Minerals Ltd, 144A | 6.875% | 10/15/27 | B | 351,200 | |||
Oil, Gas & Consumable Fuels – 1.0% (0.6% of Total Investments) | ||||||||
1,150 | Citgo Holding Inc, 144A | 9.250% | 8/01/24 | B+ | 1,184,500 | |||
385 | CITGO Petroleum Corp, 144A | 7.000% | 6/15/25 | BB | 397,031 | |||
1,535 | Total Oil, Gas & Consumable Fuels | 1,581,531 |
17
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Pharmaceuticals – 0.4% (0.2% of Total Investments) | ||||||||
$310 | Advanz Pharma Corp Ltd | 8.000% | 9/06/24 | B- | $315,425 | |||
228 | Endo Dac / Endo Finance LLC / Endo Finco Inc, 144A | 6.000% | 6/30/28 | CCC+ | 173,280 | |||
90 | Par Pharmaceutical Inc, 144A | 7.500% | 4/01/27 | B+ | 94,725 | |||
628 | Total Pharmaceuticals | 583,430 | ||||||
Specialty Retail – 0.2% (0.1% of Total Investments) | ||||||||
230 | Party City Holdings Inc, 144A | 8.750% | 2/15/26 | CCC+ | 235,734 | |||
100 | PetSmart Inc / PetSmart Finance Corp, 144A | 7.750% | 2/15/29 | CCC+ | 108,347 | |||
330 | Total Specialty Retail | 344,081 | ||||||
$18,922 | Total Corporate Bonds (cost $17,682,636) | 17,439,087 |
Shares | Description (1) | Value | ||||||
COMMON STOCKS – 3.7% (2.2% of Total Investments) | ||||||||
Banks – 0.1% (0.1% of Total Investments) | ||||||||
12,051 | iQor US Inc, (9), (10) | $160,881 | ||||||
Communications Equipment – 0.0% (0.0% of Total Investments) | ||||||||
5,845 | Windstream Services LLC, (9), (10) | 83,291 | ||||||
Construction & Engineering – 0.0% (0.0% of Total Investments) | ||||||||
1,697 | TNT Crane & Rigging Inc, (8), (10) | 2 | ||||||
957 | TNT Crane & Rigging Inc, (9), (10) | 13,079 | ||||||
Total Construction & Engineering | 13,081 | |||||||
Diversified Consumer Services – 0.1% (0.1% of Total Investments) | ||||||||
9,343 | Cengage Learning Holdings II Inc, (9), (10) | 153,384 | ||||||
Diversified Telecommunication Services – 0.0% (0.0% of Total Investments) | ||||||||
3,347 | Windstream Services LLC, (9), (10) | 41,838 | ||||||
Electric Utilities – 0.5% (0.3% of Total Investments) | ||||||||
25,367 | Energy Harbor Corp, (9), (10), (11) | 730,899 | ||||||
Energy Equipment & Services – 0.1% (0.0% of Total Investments) | ||||||||
28,730 | Transocean Ltd, (10) | 92,510 | ||||||
3,779 | Vantage Drilling International, (9), (10) | 12,282 | ||||||
Total Energy Equipment & Services | 104,792 | |||||||
Health Care Providers & Services – 0.0% (0.0% of Total Investments) | ||||||||
12,290 | Millennium Health LLC, (8), (10) | 13,089 | ||||||
11,533 | Millennium Health LLC, (8), (10) | 11,706 | ||||||
Total Health Care Providers & Services | 24,795 | |||||||
Hotels, Restaurants & Leisure – 0.3% (0.1% of Total Investments) | ||||||||
55,426 | 24 Hour Fitness Worldwide Inc, (9) | 138,565 |
18
Shares | Description (1) | Value | ||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
116,526 | 24 Hour Fitness Worldwide Inc, (9), (10) | $262,184 | ||||||
Total Hotels, Restaurants & Leisure | 400,749 | |||||||
Internet & Direct Marketing Retail – 0.0% (0.0% of Total Investments) | ||||||||
1,905 | Catalina Marketing Corp, (9), (10) | 3,492 | ||||||
Marine – 0.0% (0.0% of Total Investments) | ||||||||
430 | ACBL HLDG CORP, (9), (10) | 11,395 | ||||||
Media – 0.4% (0.3% of Total Investments) | ||||||||
272,893 | Clear Channel Outdoor Holdings Inc, (10) | 684,962 | ||||||
2 | Cumulus Media Inc, (10) | 19 | ||||||
Total Media | 684,981 | |||||||
Multiline Retail – 0.0% (0.0% of Total Investments) | ||||||||
140 | Belk Inc, (9), (10) | 3,080 | ||||||
Oil, Gas & Consumable Fuels – 1.7% (1.0% of Total Investments) | ||||||||
64,071 | California Resources Corp, (10) | 1,518,483 | ||||||
30,871 | California Resources Corp, (8), (10) | 731,643 | ||||||
8,561 | Whiting Petroleum Corp, (10) | 343,039 | ||||||
Total Oil, Gas & Consumable Fuels | 2,593,165 | |||||||
Pharmaceuticals – 0.0% (0.0% of Total Investments) | ||||||||
2,753 | Advanz Pharma Corp Ltd, (10) | 46,250 | ||||||
Software – 0.5% (0.3% of Total Investments) | ||||||||
4,065 | SkillSoft Corp, (9), (10) | 670,725 | ||||||
265 | SkillSoft Corp, (9), (10) | 50,350 | ||||||
389 | SkillSoft Corp, (8), (10) | — | ||||||
779 | SkillSoft Corp, (9), (10) | — | ||||||
Total Software | 721,075 | |||||||
Total Common Stocks (cost $10,734,949) | 5,777,148 |
Principal Amount (000) | Description | Coupon | Maturity | Ratings | Value | |||
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 0.4% (0.2% of Total Investments) | ||||||||
Auto Components – 0.4% | ||||||||
$530 | Adient US LLC, 144A | 9.000% | 4/15/25 | BB- | $587,372 | |||
$530 | Total $1,000 Par (or similar) Institutional Preferred (cost $0) | 587,372 |
Shares | Description (1) | Value | ||||||
WARRANTS – 0.1% (0.1% of Total Investments) | ||||||||
Communications Equipment – 0.0% (0.0% of Total Investments) | ||||||||
8,503 | Avaya Holdings Corp, (9) | $55,270 |
19
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||
Marine – 0.1% (0.1% of Total Investments) | ||||||||
452 | ACBL HLDG CORP, (9) | $11,978 | ||||||
1,682 | ACBL HLDG CORP, (9) | 52,983 | ||||||
1,279 | ACBL HLDG CORP, (9) | 45,405 | ||||||
5,046 | ACBL HLDG CORP, (8) | 1,583 | ||||||
8,459 | Total Marine | 111,949 | ||||||
Industrial Conglomerates – 0.0% (0.0% of Total Investments) | ||||||||
3,837 | ACBL HLDG CORP, (8) | 1,605 | ||||||
Oil, Gas & Consumable Fuels – 0.0% (0.0% of Total Investments) | ||||||||
188 | California Resources Corp | 752 | ||||||
Entertainment – 0.0% (0.0% of Total Investments) | ||||||||
45,953 | Cineworld Warrant, (9) | 26,055 | ||||||
Total Warrants (cost $666,828) | 195,631 |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 0.1% (0.1% of Total Investments) | ||||||||
Marine – 0.1% | ||||||||
1,600 | ACBL HLDG CORP, (9), (10) | 0.000% | N/R | $50,400 | ||||
1,821 | ACBL HLDG CORP, (9), (10) | 0.000% | N/R | 64,646 | ||||
Total Marine | 115,046 | |||||||
Total Convertible Preferred Securities (cost $97,140) | 115,046 |
Shares | Description (1) | Value | ||||||
COMMON STOCK RIGHTS – 0.0% (0.0% of Total Investments) | ||||||||
Oil, Gas & Consumable Fuels – 0.0% (0.0% of Total Investments) | ||||||||
7,268 | Fieldwood Energy Inc, (9), (10) | $7 | ||||||
1,468 | Fieldwood Energy Inc, (9), (10) | 2 | ||||||
Total Common Stock Rights (cost $207,458) | 9 | |||||||
Total Long-Term Investments (cost $250,069,416) | 242,886,148 |
Shares | Description (1) | Coupon | Value | |||||
SHORT-TERM INVESTMENTS – 10.4% (6.3% of Total Investments) | ||||||||
INVESTMENT COMPANIES – 10.4% (6.3% of Total Investments) | ||||||||
16,194,743 | BlackRock Liquidity Funds T-Fund Portfolio | 0.015% (12) | $16,194,743 | |||||
Total Short-Term Investments (cost $16,194,743) | 16,194,743 | |||||||
Total Investments (cost $266,264,159) – 165.7% | 259,080,891 | |||||||
Borrowings – (11.8)% (13), (14) | (18,500,000) | |||||||
Taxable Fund Preferred Shares, net of deferred offering costs – (44.5)% (15) | (69,567,958) | |||||||
Other Assets Less Liabilities – (9.4)% | (14,666,518) | |||||||
Net Assets Applicable to Common Shares – 100% | $156,346,415 |
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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 of Directors/Trustees. 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).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Variable Rate Senior Loan Interests | $ — | $217,122,439 | $1,649,416 | $218,771,855 |
Corporate Bonds | — | 17,439,087 | — | 17,439,087 |
Common Stocks | 2,685,263 | 2,335,445 | 756,440 | 5,777,148 |
$1,000 Par (or similar) Institutional Preferred | — | 587,372 | — | 587,372 |
Warrants | 752 | 191,691 | 3,188 | 195,631 |
Convertible Preferred Securities | — | 115,046 | — | 115,046 |
Common Stock Rights | — | 9 | — | 9 |
Short-Term Investments: | ||||
Investment Companies | 16,194,743 | — | — | 16,194,743 |
Total | $18,880,758 | $237,791,089 | $2,409,044 | $259,080,891 |
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JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments April 30, 2021 | |
(Unaudited) |
The following is a reconciliation of the Fund's Level 3 investments held at the beginning and end of the measurement period:
Level 3 | |||
Variable Rate Senior Loan Interests | Common Stocks | Warrants | |
Balance at the beginning of period | $ – | $25,290 | $ – |
Gains (losses): | |||
Net realized gains (losses) | 35 | – | – |
Change in net unrealized appreciation (depreciation) | 1,040,124 | (535,703) | 3,189 |
Purchases at cost | 9,922 | 1,266,852 | – |
Sales at proceeds | (16,677) | – | – |
Net discounts (premiums) | 31,032 | – | – |
Transfers into | 584,980 | – | – |
Transfers (out of) | – | – | – |
Balance at the end of period | $1,649,416 | $756,439 | $3,189 |
Change in net unrealized appreciation (depreciation) during the period of Level 3 securities held as of period end | $1,040,124 | $(535,703) | $3,189 |
As of the measurement date, the following Common Stocks categorized as Level 3: (1) Millennium Health LLC are priced based on updated financial statements which reflect the most recent net asset values; (2) California Resources Corporation are priced at a 25% discount to the closing price; (3) SkillSoft Corporation and TNT Crane & Rigging Inc. are priced at a placeholder value. Variable Rate Senior Loan Interests categorized as Level 3 are utilizing a weighted probability model. Warrants categorized as Level 3 are utilizing the weighted average of quarterly cash payments received with a 25% discount.
The table below presents the transfers in and out of the three valuation levels for the Fund as of the end of the reporting period when compared to the valuation levels at the end of the previous fiscal year. Changes in valuation inputs or methodologies may result in transfers into or out of an assigned level within the fair value hierarchy. Transfers in or out of levels are generally due to the availability of publicly available information and to the significance or extent the Adviser determines that the valuation inputs or methodologies may impact the valuation of those securities.
Level 1 | Level 2 | Level 3 | ||||||
Transfers In | (Transfers Out) | Transfers In | (Transfers Out) | Transfers In | (Transfers Out) | |||
Variable Rate Senior Loan Interests | $ — | $ — | $ — | $(1,649,416) | $1,649,416 | $ — |
22
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) | 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. | |
(3) | 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. | |
(4) | 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. | |
(5) | Investment, or portion of investment, represents an outstanding unfunded senior loan commitment. | |
(6) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(7) | Principal Amount (000) rounds to less than $1,000. | |
(8) | 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. | |
(9) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(10) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(11) | Common Stock received as part of the bankruptcy settlements during February 2020 for Bruce Mansfield Unit 1 2007 Pass Through Trust. | |
(12) | The rate shown is the annualized seven-day subsidized yield as of end of the reporting period. | |
(13) | Borrowings as a percentage of Total Investments is 7.1%. | |
(14) | The Fund segregates 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. | |
(15) | Taxable Fund Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 26.9%. | |
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. | |
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. | |
REIT | Real Estate Investment Trust | |
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. |
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