JSD
Nuveen Short Duration Credit Opportunities Fund
Portfolio of Investments October 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
LONG-TERM INVESTMENTS – 156.0% (96.7% of Total Investments) | ||||||||
VARIABLE RATE SENIOR LOAN INTERESTS – 137.2% (85.0% of Total Investments) (2) | ||||||||
Aerospace & Defense – 1.8% (1.1% of Total Investments) | ||||||||
$209 | Dynasty Acquisition Co., Inc., Term Loan B1 | 3.632% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | $204,343 | |
112 | Dynasty Acquisition Co., Inc., Term Loan B2 | 3.632% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | 109,862 | |
503 | Maxar Technologies Ltd., Term Loan B | 2.840% | 1-Month LIBOR | 2.750% | 10/05/24 | B | 500,325 | |
1,821 | Transdigm, Inc., Term Loan F | 2.337% | 1-Month LIBOR | 2.250% | 12/09/25 | Ba3 | 1,801,091 | |
247 | TransDigm, Inc., Term Loan G | 2.337% | 1-Month LIBOR | 2.250% | 8/22/24 | Ba3 | 244,638 | |
2,892 | Total Aerospace & Defense | 2,860,259 | ||||||
Airlines – 2.4% (1.5% of Total Investments) | ||||||||
609 | AAdvantage Loyalty IP Ltd., Term Loan | 5.500% | 3-Month LIBOR | 4.750% | 4/20/28 | Ba2 | 634,917 | |
770 | American Airlines, Inc., 1st Lien Term Loan | 1.837% | 1-Month LIBOR | 1.750% | 1/29/27 | Ba3 | 747,131 | |
157 | American Airlines, Inc., Incremental Term Loan | 2.090% | 1-Month LIBOR | 2.000% | 12/14/23 | Ba3 | 154,797 | |
700 | SkyMiles IP Ltd., Skymiles Term Loan B | 4.750% | 3-Month LIBOR | 3.750% | 10/20/27 | Baa1 | 746,277 | |
746 | United Airlines, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 4/21/28 | Ba1 | 757,843 | |
734 | Westjet Airlines Ltd., Term Loan B | 4.000% | 6-Month LIBOR | 3.000% | 12/11/26 | BB- | 723,595 | |
3,716 | Total Airlines | 3,764,560 | ||||||
Auto Components – 1.3% (0.8% of Total Investments) | ||||||||
82 | Adient US LLC, Term Loan B | 3.587% | 1-Month LIBOR | 3.500% | 4/08/28 | BB- | 82,473 | |
845 | Clarios Global LP, USD Term Loan B | 3.337% | 1-Month LIBOR | 3.250% | 4/30/26 | B1 | 841,155 | |
177 | Dexko Global Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 176,621 | |
34 | Dexko Global Inc., Term Loan B, (WI/DD), (5) | TBD | TBD | TBD | TBD | B1 | 33,642 | |
496 | Les Schwab Tire Centers, Term Loan B | 4.000% | 3-Month LIBOR | 3.250% | 11/02/27 | B | 496,716 | |
449 | Superior Industries International, Inc., 1st Lien Term Loan B | 4.087% | 1-Month LIBOR | 4.000% | 5/23/24 | Ba3 | 449,074 | |
2,083 | Total Auto Components | 2,079,681 | ||||||
Beverages – 0.9% (0.6% of Total Investments) | ||||||||
312 | City Brewing Company, LLC, Closing Date Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 4/05/28 | B+ | 309,467 | |
407 | GFL Environmental Inc., Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 11/25/27 | B1 | 408,239 |
1
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Beverages (continued) | ||||||||
$786 | Triton Water Holdings, Inc, Term Loan | 4.000% | 3-Month LIBOR | 3.500% | 3/31/28 | B1 | $785,862 | |
1,505 | Total Beverages | 1,503,568 | ||||||
Biotechnology – 0.6% (0.4% of Total Investments) | ||||||||
901 | Grifols Worldwide Operations USA, Inc., USD Term Loan B | 2.074% | 1-Week LIBOR | 2.000% | 11/15/27 | BB+ | 888,917 | |
Building Products – 2.0% (1.2% of Total Investments) | ||||||||
754 | Cornerstone Building Brands, Inc., Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 4/12/28 | B+ | 753,711 | |
378 | LBM Acquisition LLC, Term Loan B, (DD1) | 4.500% | 1-Month LIBOR | 3.750% | 12/18/27 | B+ | 373,809 | |
895 | Magenta Buyer LLC, Term Loan 1st Lien , (WI/DD) | TBD | TBD | TBD | TBD | B | 894,629 | |
200 | Nexstar Broadcasting, Inc., Term Loan B4, (WI/DD) | TBD | TBD | TBD | TBD | B2 | 200,125 | |
569 | Quikrete Holdings, Inc., 1st Lien Term Loan | 2.587% | 1-Month LIBOR | 2.500% | 1/31/27 | BB- | 564,478 | |
388 | Resideo Funding Inc., Term Loan | 2.750% | 1-Month LIBOR | 2.250% | 2/12/28 | BBB- | 388,535 | |
3,184 | Total Building Products | 3,175,287 | ||||||
Capital Markets – 2.6% (1.6% of Total Investments) | ||||||||
1,095 | Cengage Learning, Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB- | 1,068,994 | |
151 | RPI Intermediate Finance Trust, Term Loan B1 | 1.837% | 1-Month LIBOR | 1.750% | 2/11/27 | BBB- | 151,318 | |
611 | Sequa Mezzanine Holdings L.L.C., 2nd Lien PIK Term Loan, (cash 5.000%, PIK 6.750%) | 11.750% | 3-Month LIBOR | 10.750% | 7/31/24 | CCC- | 610,684 | |
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- | 2,328,026 | |
4,162 | Total Capital Markets | 4,159,022 | ||||||
Chemicals – 1.3% (0.8% of Total Investments) | ||||||||
324 | Arterra Wines Canada, Inc., Term Loan | 3.250% | 1-Month LIBOR | 2.750% | 1/29/26 | BB+ | 324,525 | |
213 | ASP Unifrax Holdings Inc, Term Loan B | 3.882% | 3-Month LIBOR | 3.750% | 12/14/25 | BB | 210,098 | |
554 | Clean Harbors Inc., Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 3/18/28 | B+ | 554,448 | |
412 | Ineos US Finance LLC, USD Term Loan B | 2.101% | 1-Month LIBOR | 2.000% | 3/31/24 | BBB- | 409,406 | |
545 | Reynolds Group Holdings Inc. , Term Loan B | 3.500% | 3-Month LIBOR | 3.000% | 9/29/28 | Ba3 | 544,558 | |
2,048 | Total Chemicals | 2,043,035 | ||||||
Commercial Services & Supplies – 6.3% (3.9% of Total Investments) | ||||||||
249 | Amentum Government Services Holdings LLC, Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 1/31/27 | B1 | 249,606 | |
3,068 | Asurion LLC, Term Loan B8 | 3.500% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 3,063,082 |
2
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Commercial Services & Supplies (continued) | ||||||||
$355 | Brand Energy & Infrastructure Services, Inc., Term Loan | 5.250% | 3-Month LIBOR | 4.250% | 6/21/24 | B- | $352,823 | |
350 | Clean Harbors Inc., Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 10/08/28 | BBB- | 350,493 | |
289 | Garda World Security Corporation, Term Loan B | 4.340% | 1-Month LIBOR | 4.250% | 10/30/26 | BB+ | 289,319 | |
647 | GFL Environmental Inc., Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 5/30/25 | BB- | 649,131 | |
275 | KAR Auction Services, Inc., Term Loan B6 | 2.375% | 1-Month LIBOR | 2.250% | 9/19/26 | Ba3 | 267,697 | |
499 | Madison IAQ LLC, Term Loan | 3.750% | 6-Month LIBOR | 3.250% | 6/21/28 | B1 | 498,334 | |
505 | PAE Holding Corporation, Term Loan B | 5.250% | 3-Month LIBOR | 4.500% | 10/19/27 | B | 505,746 | |
490 | Prime Security Services Borrower, LLC, Term Loan, (DD1) | 3.500% | 3-Month LIBOR | 2.750% | 9/23/26 | BB- | 489,669 | |
308 | Robertshaw US Holding Corp, 1st Lien Term Loan | 4.500% | 1-Month LIBOR | 3.500% | 2/28/25 | CCC+ | 299,002 | |
70 | Sabert Corporation, Term Loan B | 5.500% | 1-Month LIBOR | 4.500% | 12/10/26 | B | 70,094 | |
497 | Spin Holdco Inc., Term Loan | 4.750% | 3-Month LIBOR | 4.000% | 3/04/28 | B- | 499,592 | |
1,298 | Travelport Finance (Luxembourg) S.a.r.l., Super Priority Term Loan, (cash 2.500%, PIK 6.500%) | 2.500% | 3-Month LIBOR | 6.500% | 2/28/25 | B- | 1,347,232 | |
289 | West Corporation, Term Loan B1 | 4.500% | 3-Month LIBOR | 3.500% | 10/10/24 | B2 | 283,050 | |
728 | WEX Inc., Term Loan | 2.337% | 1-Month LIBOR | 2.250% | 4/01/28 | Ba2 | 725,240 | |
9,917 | Total Commercial Services & Supplies | 9,940,110 | ||||||
Communications Equipment – 1.5% (0.9% of Total Investments) | ||||||||
473 | CommScope, Inc., Term Loan B | 3.337% | 1-Month LIBOR | 3.250% | 4/04/26 | Ba3 | 467,666 | |
250 | MetroNet Systems Holdings, LLC, Term Loan, First Lien | 4.500% | 1-Month LIBOR | 3.750% | 6/02/28 | B2 | 250,194 | |
477 | MLN US HoldCo LLC, 1st Lien Term Loan | 4.587% | 1-Month LIBOR | 4.500% | 11/30/25 | B3 | 429,631 | |
512 | Plantronics Inc, Term Loan B | 2.587% | 1-Month LIBOR | 2.500% | 7/02/25 | Ba2 | 500,359 | |
730 | Riverbed Technology, Inc., Term Loan B | 7.000% | 1-Month LIBOR | 6.000% | 12/31/25 | Caa1 | 669,236 | |
66 | Univision Communications Inc., Term Loan C5 | 3.750% | 1-Month LIBOR | 2.750% | 3/15/24 | B | 65,927 | |
2,508 | Total Communications Equipment | 2,383,013 | ||||||
Construction & Engineering – 1.5% (1.0% of Total Investments) | ||||||||
225 | AECOM, Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 4/13/28 | BBB- | 224,999 | |
310 | Aegion Corporation, Term Loan | 5.500% | 3-Month LIBOR | 4.750% | 5/17/28 | B | 312,713 | |
400 | Apttus Corporation, Term Loan | 3.000% | 3-Month LIBOR | 2.500% | 8/27/28 | Ba2 | 400,876 | |
934 | Brown Group Holding, LLC, Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 4/22/28 | B+ | 933,363 | |
250 | Osmose Utilities Services, Inc., Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 6/17/28 | B | 249,649 | |
142 | Pike Corporation, Incremental Term Loan B | 3.090% | 1-Month LIBOR | 3.000% | 1/21/28 | Ba3 | 142,380 |
3
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Construction & Engineering (continued) | ||||||||
$190 | Rexnord LLC, Term Loan B | 2.750% | 1-Month LIBOR | 2.250% | 10/04/28 | BB | $190,296 | |
2,451 | Total Construction & Engineering | 2,454,276 | ||||||
Containers & Packaging – 2.0% (1.2% of Total Investments) | ||||||||
142 | ADMI Corp., Term Loan B2 | 3.750% | 1-Month LIBOR | 3.250% | 3/03/28 | B2 | 141,526 | |
660 | Berry Global, Inc., Term Loan Z | 1.836% | 1-Month LIBOR | 1.750% | 7/01/26 | BBB- | 656,727 | |
220 | Grinding Media Inc., Term Loan B | 4.122% | 3-Month LIBOR | 4.000% | 9/22/28 | B | 220,825 | |
720 | Reynolds Consumer Products LLC, Term Loan | 1.837% | 1-Month LIBOR | 1.750% | 2/04/27 | BBB- | 717,409 | |
350 | Reynolds Group Holdings Inc. , Term Loan B | 4.000% | 1-Month LIBOR | 3.500% | 9/24/28 | B+ | 349,855 | |
447 | Reynolds Group Holdings Inc. , Term Loan B2 | 3.337% | 1-Month LIBOR | 3.250% | 2/05/26 | B+ | 444,454 | |
631 | TricorBraun Holdings, Inc., Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 3/03/28 | B2 | 628,167 | |
3,170 | Total Containers & Packaging | 3,158,963 | ||||||
Distributors – 0.6% (0.4% of Total Investments) | ||||||||
500 | Core & Main LP, Term Loan B | 2.588% | 1-Month LIBOR | 2.500% | 6/10/28 | Ba3 | 497,292 | |
406 | Univar Solutions USA Inc., Term Loan B6 | 2.087% | 1-Month LIBOR | 2.000% | 6/03/28 | BBB- | 405,311 | |
906 | Total Distributors | 902,603 | ||||||
Diversified Consumer Services – 0.6% (0.4% of Total Investments) | ||||||||
970 | Cengage Learning, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 7/14/26 | B | 976,213 | |
Diversified Financial Services – 1.2% (0.7% of Total Investments) | ||||||||
147 | Avaya Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 146,948 | |
817 | Ditech Holding Corporation, Term Loan, (6) | 0.000% | N/A | N/A | 6/30/22 | N/R | 163,974 | |
249 | Fleetcor Technologies Operating Company, LLC, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 4/30/28 | BB+ | 249,153 | |
218 | GT Polaris, Inc., Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 9/24/27 | BB- | 219,008 | |
330 | Lions Gate Capital Holdings LLC, Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 3/24/25 | Ba2 | 328,137 | |
751 | Verscend Holding Corp., Term Loan B | 4.087% | 1-Month LIBOR | 4.000% | 8/27/25 | BB- | 752,717 | |
2,512 | Total Diversified Financial Services | 1,859,937 | ||||||
Diversified Telecommunication Services – 4.0% (2.5% of Total Investments) | ||||||||
1,351 | AAdvantage Loyalty IP Ltd., Term Loan | 4.125% | 3-Month LIBOR | 4.000% | 8/14/26 | B | 1,346,973 | |
2,583 | CenturyLink, Inc., Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 3/15/27 | BBB- | 2,554,676 | |
430 | Connect Finco SARL, Term Loan B | 3.590% | 1-Month LIBOR | 3.500% | 12/12/26 | B+ | 430,586 | |
374 | Endo Luxembourg Finance Company I S.a r.l., Term Loan | 3.811% | 3-Month LIBOR | 3.688% | 1/31/26 | B | 371,054 | |
1,182 | Frontier Communications Corp., DIP Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 10/08/27 | BB+ | 1,183,778 | |
312 | Intelsat Jackson Holdings S.A., Term Loan B5, (6) | 8.625% | N/A | N/A | 1/02/24 | N/R | 316,552 |
4
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Diversified Telecommunication Services (continued) | ||||||||
$195 | Intelsat Jackson Holdings, S.A., Term Loan B4, (6) | 8.750% | 3-Month LIBOR | 5.500% | 1/02/24 | N/R | $197,724 | |
6,427 | Total Diversified Telecommunication Services | 6,401,343 | ||||||
Electric Utilities – 0.7% (0.5% of Total Investments) | ||||||||
366 | ExGen Renewables IV, LLC, Term Loan | 3.500% | 3-Month LIBOR | 2.500% | 12/15/27 | BB- | 367,707 | |
247 | Pacific Gas & Electric Company, Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 6/23/25 | BB | 244,677 | |
566 | Vistra Operations Company LLC, 1st Lien Term Loan B3 | 1.837% | 1-Month LIBOR | 1.750% | 12/31/25 | BBB- | 561,343 | |
1,179 | Total Electric Utilities | 1,173,727 | ||||||
Electrical Equipment – 1.2% (0.7% of Total Investments) | ||||||||
715 | Avolon TLB Borrower 1 (US) LLC, Term Loan B4 | 2.250% | 1-Month LIBOR | 1.500% | 2/12/27 | Baa2 | 709,968 | |
1,117 | Ingram Micro Inc., Term Loan B | 4.000% | 3-Month LIBOR | 3.500% | 7/02/28 | BB+ | 1,121,110 | |
1,832 | Total Electrical Equipment | 1,831,078 | ||||||
Electronic Equipment, Instruments & Components – 0.3% (0.2% of Total Investments) | ||||||||
405 | TTM Technologies, Inc., Term Loan | 2.584% | 1-Month LIBOR | 2.500% | 9/28/24 | BB+ | 405,196 | |
Entertainment – 2.3% (1.4% of Total Investments) | ||||||||
177 | AMC Entertainment Holdings, Inc. , Term Loan B | 3.086% | 1-Month LIBOR | 3.000% | 4/22/26 | B- | 163,373 | |
115 | Crown Finance US, Inc., Incremental Term Loan | 3.750% | 6-Month LIBOR | 2.750% | 9/20/26 | CCC | 94,325 | |
101 | Crown Finance US, Inc., Incremental Term Loan B1 | 9.250% | 6-Month LIBOR | 8.250% | 5/23/24 | B- | 108,980 | |
1,136 | Crown Finance US, Inc., USD Term Loan | 3.500% | 6-Month LIBOR | 2.500% | 2/28/25 | CCC | 941,916 | |
426 | Metro-Goldwyn-Mayer Inc., 1st Lien Term Loan | 2.590% | 1-Month LIBOR | 2.500% | 7/03/25 | BB- | 425,409 | |
400 | Metro-Goldwyn-Mayer Inc., 2nd Lien Term Loan | 5.500% | 1-Month LIBOR | 4.500% | 7/06/26 | B3 | 401,376 | |
152 | NASCAR Holdings, Inc, Term Loan B | 2.587% | 1-Month LIBOR | 2.500% | 10/18/26 | BB+ | 151,682 | |
745 | Virgin Media Bristol LLC, Term Loan Q | 3.340% | 1-Month LIBOR | 3.250% | 1/31/29 | BB+ | 745,570 | |
669 | William Morris Endeavor Entertainment, LLC, 1st Lien Term Loan | 2.840% | 1-Month LIBOR | 2.750% | 5/16/25 | B | 658,110 | |
3,921 | Total Entertainment | 3,690,741 | ||||||
Food & Staples Retailing – 1.3% (0.8% of Total Investments) | ||||||||
70 | BJ's Wholesale Club, Inc., 1st Lien Term Loan | 2.084% | 1-Month LIBOR | 2.000% | 2/03/24 | BB+ | 70,375 |
5
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Food & Staples Retailing (continued) | ||||||||
$1,941 | US Foods, Inc., Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 6/27/23 | BB- | $1,931,596 | |
2,011 | Total Food & Staples Retailing | 2,001,971 | ||||||
Food Products – 0.8% (0.5% of Total Investments) | ||||||||
509 | American Seafoods Group LLC, 1st Lien Term Loan | 3.750% | 1-Month LIBOR | 2.750% | 8/21/23 | BB- | 507,410 | |
148 | iHeartCommunications, Inc., Term Loan | 2.337% | 1-Month LIBOR | 2.250% | 1/31/27 | B+ | 146,209 | |
293 | UTZ Quality Foods, LLC, Term Loan B | 3.087% | 1-Month LIBOR | 3.000% | 1/20/28 | B1 | 293,329 | |
400 | WideOpenWest Finance LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 399,500 | |
1,350 | Total Food Products | 1,346,448 | ||||||
Health Care Equipment & Supplies – 3.0% (1.9% of Total Investments) | ||||||||
1,320 | Carestream Health, Inc., Extended Term Loan | 7.750% | 3-Month LIBOR | 6.750% | 5/08/23 | B1 | 1,327,670 | |
2,250 | Envision Healthcare Corporation, Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 2,254,219 | |
43 | Lifescan Global Corporation, 1st Lien Term Loan | 6.130% | 3-Month LIBOR | 6.000% | 10/01/24 | B | 42,742 | |
529 | Viant Medical Holdings, Inc., 1st Lien Term Loan | 3.837% | 1-Month LIBOR | 3.750% | 7/02/25 | B3 | 514,400 | |
705 | Vyaire Medical, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 4/30/25 | B3 | 609,241 | |
4,847 | Total Health Care Equipment & Supplies | 4,748,272 | ||||||
Health Care Providers & Services – 8.6% (5.3% of Total Investments) | ||||||||
96 | 24 Hour Fitness Worldwide Inc., Term Loan, (5) | 2.000% | 3-Month LIBOR | 2.000% | 9/30/26 | N/R | 96,050 | |
487 | ADMI Corp., Term Loan B2 | 3.625% | 1-Month LIBOR | 3.125% | 12/23/27 | B | 483,628 | |
750 | AHP Health Partners, Inc., Term Loan B | 4.000% | 1-Month LIBOR | 3.500% | 8/23/28 | B1 | 753,165 | |
54 | Air Methods Corporation, Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 4/21/24 | B | 51,192 | |
241 | BW NHHC Holdco, Inc., 1st Lien Term Loan | 5.125% | 3-Month LIBOR | 5.000% | 5/15/25 | Caa1 | 213,906 | |
133 | Catalent Pharma Solutions Inc., Term Loan B3, (5) | 0.000% | N/A | N/A | 9/30/26 | B | 132,473 | |
190 | CHG Healthcare Services Inc., Term Loan | 4.000% | 3-Month LIBOR | 3.500% | 9/30/28 | B1 | 190,321 | |
198 | DaVita, Inc. , Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 8/12/26 | BBB- | 197,088 | |
572 | Envision Healthcare Corporation, 1st Lien Term Loan, (DD1) | 3.837% | 1-Month LIBOR | 3.750% | 10/10/25 | CCC+ | 475,803 | |
499 | Gates Global LLC, Term Loan B3 | 3.250% | 1-Month LIBOR | 2.500% | 3/31/27 | B+ | 498,623 | |
100 | Global Medical Response, Inc., Incremental Term Loan | 5.250% | 6-Month LIBOR | 4.250% | 3/14/25 | B | 99,688 | |
992 | Global Medical Response, Inc., Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 10/02/25 | B | 990,197 | |
40 | Medical Solutions Holdings Inc., Term Loan, (WI/DD), (5) | TBD | TBD | TBD | TBD | B1 | 40,075 |
6
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Health Care Providers & Services (continued) | ||||||||
$210 | Medical Solutions Holdings Inc., Term Loan, first Lien, (WI/DD) | TBD | TBD | TBD | TBD | B1 | $210,394 | |
23 | National Mentor Holdings, Inc., Delayed Draw Term Loan, (5) | 3.860% | 2-Month LIBOR | 3.750% | 3/02/28 | B1 | 22,781 | |
181 | National Mentor Holdings, Inc., Term Loan, (DD1) | 4.500% | 1-Month LIBOR | 3.750% | 3/02/28 | B1 | 179,728 | |
6 | National Mentor Holdings, Inc., Term Loan C | 4.500% | 3-Month LIBOR | 3.750% | 3/02/28 | B1 | 6,109 | |
653 | Onex TSG Intermediate Corp., Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 2/26/28 | B | 653,977 | |
921 | Phoenix Guarantor Inc, Term Loan B | 3.338% | 1-Month LIBOR | 3.250% | 3/05/26 | B1 | 916,438 | |
498 | Phoenix Guarantor Inc, Term Loan B3 | 3.586% | 1-Month LIBOR | 3.500% | 3/05/26 | B1 | 496,197 | |
103 | Quorum Health Corporation, Term Loan, (6) | 8.000% | 3-Month LIBOR | 7.000% | 4/29/25 | B- | 103,481 | |
2,389 | RegionalCare Hospital Partners Holdings, Inc., Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 11/16/25 | B1 | 2,385,770 | |
1,201 | Select Medical Corporation, Term Loan B | 2.340% | 1-Month LIBOR | 2.250% | 3/06/25 | Ba2 | 1,196,315 | |
1,489 | Surgery Center Holdings, Inc., Term Loan, (DD1) | 4.500% | 1-Month LIBOR | 3.750% | 8/31/26 | B1 | 1,493,694 | |
1,270 | Team Health Holdings, Inc., 1st Lien Term Loan | 3.750% | 1-Month LIBOR | 2.750% | 2/06/24 | B | 1,216,392 | |
496 | US Radiology Specialists, Inc., Term Loan | 6.250% | 3-Month LIBOR | 5.500% | 12/15/27 | B- | 498,808 | |
13,792 | Total Health Care Providers & Services | 13,602,293 | ||||||
Health Care Technology – 2.3% (1.4% of Total Investments) | ||||||||
973 | Carestream Health, Inc., Extended 2nd Lien PIK Term Loan, (cash 5.500%, PIK 8.000%) | 5.500% | 3-Month LIBOR | 4.500% | 8/05/23 | CCC+ | 956,699 | |
1,444 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 1,444,573 | |
835 | Zelis Healthcare Corporation, Term Loan | 3.582% | 1-Month LIBOR | 3.500% | 9/30/26 | B | 832,675 | |
367 | Zelis Healthcare Corporation, Term Loan B | 3.577% | 3-Month LIBOR | 3.500% | 9/30/26 | B | 364,300 | |
3,619 | Total Health Care Technology | 3,598,247 | ||||||
Hotels, Restaurants & Leisure – 14.9% (9.2% of Total Investments) | ||||||||
2,534 | 1011778 B.C. Unlimited Liability Company, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 11/19/26 | BB+ | 2,489,432 | |
237 | 24 Hour Fitness Worldwide Inc., Exit Term Loan, (cash 0.132%, PIK 5.000%) | 5.132% | 3-Month LIBOR | 0.050% | 12/29/25 | B3 | 177,464 | |
450 | Air Methods Corporation, Term Loan B | 4.000% | 6-Month LIBOR | 3.250% | 10/08/28 | Ba2 | 450,142 | |
199 | Alterra Mountain Company, Series B-2 Consenting Term Loan | 4.000% | 1-Month LIBOR | 3.500% | 8/17/28 | B | 198,418 | |
214 | Boyd Gaming Corporation, Term Loan B3 | 2.324% | 1-Week LIBOR | 2.250% | 9/15/23 | BB | 213,693 |
7
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Hotels, Restaurants & Leisure (continued) | ||||||||
$3,805 | Caesars Resort Collection, LLC, 1st Lien Term Loan B | 2.837% | 1-Month LIBOR | 2.750% | 12/22/24 | B+ | $3,790,891 | |
371 | Caesars Resort Collection, LLC, Term Loan B1 | 3.587% | 1-Month LIBOR | 3.500% | 7/20/25 | B+ | 372,089 | |
364 | Carnival Corporation, USD Term Loan B | 3.750% | 1-Month LIBOR | 3.000% | 6/30/25 | Ba2 | 364,096 | |
482 | Churchill Downs Incorporated, Incremental Term Loan B1 | 2.090% | 1-Month LIBOR | 2.000% | 3/17/28 | BBB- | 478,682 | |
1,606 | ClubCorp Holdings, Inc., Term Loan B | 2.882% | 3-Month LIBOR | 2.750% | 9/18/24 | B- | 1,518,877 | |
176 | Crown Finance US, Inc., Term Loan B1, (cash 7.132%, PIK 8.250%) | 7.132% | 3-Month LIBOR | 8.250% | 5/23/24 | B- | 213,161 | |
2,015 | Equinox Holdings, Inc., 1st Lien Term Loan | 4.000% | 3-Month LIBOR | 3.000% | 3/08/24 | CCC | 1,925,240 | |
2,012 | Golden Nugget, Inc., Incremental Term Loan B | 3.250% | 3-Month LIBOR | 2.500% | 10/04/23 | B | 2,004,611 | |
127 | Hilton Worldwide Finance, LLC, Term Loan B2 | 1.839% | 1-Month LIBOR | 1.750% | 6/21/26 | BBB- | 126,452 | |
418 | Life Time Fitness Inc , Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 12/15/24 | B | 422,628 | |
428 | PCI Gaming Authority, Term Loan | 2.587% | 1-Month LIBOR | 2.500% | 5/31/26 | BBB- | 426,405 | |
871 | Penn National Gaming, Inc., Term Loan B | 3.000% | 1-Month LIBOR | 2.250% | 10/15/25 | BB- | 870,439 | |
1,166 | Phoenix Guarantor Inc, Term Loan B | 4.250% | 3-Month LIBOR | 3.250% | 12/15/27 | B | 1,167,546 | |
2,216 | Scientific Games International, Inc., Term Loan B5 | 2.837% | 1-Month LIBOR | 2.750% | 8/14/24 | B+ | 2,210,120 | |
500 | SeaWorld Parks & Entertainment, Inc., Term Loan B | 3.500% | 1-Month LIBOR | 3.000% | 8/25/28 | BB- | 499,323 | |
1,506 | Stars Group Holdings B.V. (The), USD Incremental Term Loan | 2.382% | 3-Month LIBOR | 2.250% | 7/10/25 | BBB | 1,502,347 | |
1,452 | Station Casinos LLC, Term Loan B | 2.500% | 1-Month LIBOR | 2.250% | 2/08/27 | BB- | 1,440,279 | |
750 | Twin River Worldwide Holdings, Inc., Term Loan B | 3.750% | 3-Month LIBOR | 3.250% | 10/01/28 | BB+ | 750,187 | |
23,899 | Total Hotels, Restaurants & Leisure | 23,612,522 | ||||||
Household Durables – 1.0% (0.6% of Total Investments) | ||||||||
121 | Apex Tool Group, LLC, Term Loan B | 6.500% | 1-Month LIBOR | 5.250% | 8/21/24 | B3 | 121,704 | |
117 | FrontDoor Inc, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B3 | 117,238 | |
933 | Phoenix Guarantor Inc, Term Loan B3 | 4.500% | 1-Month LIBOR | 4.000% | 7/30/28 | B3 | 937,902 | |
47 | Serta Simmons Bedding, LLC, Super Priority First Out Term Loan, (6) | 8.500% | 1-Month LIBOR | 7.500% | 8/10/23 | B | 47,692 | |
202 | Serta Simmons Bedding, LLC, Super Priority Second Out Term Loan, (6) | 8.500% | 1-Month LIBOR | 7.500% | 8/10/23 | B- | 190,882 |
8
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Household Durables (continued) | ||||||||
$220 | Weber-Stephen Products LLC, Term Loan B | 4.000% | 6-Month LIBOR | 3.250% | 10/30/27 | BB | $220,736 | |
1,640 | Total Household Durables | 1,636,154 | ||||||
Household Products – 0.2% (0.1% of Total Investments) | ||||||||
290 | Verscend Holding Corp., Term Loan B | 4.000% | 3-Month LIBOR | 3.500% | 7/23/28 | B1 | 289,250 | |
Independent Power & Renewable Electricity Producers – 0.2% (0.1% of Total Investments) | ||||||||
325 | WIN Waste Innovations Holdings, Inc., Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 3/25/28 | B+ | 325,332 | |
Insurance – 2.7% (1.7% of Total Investments) | ||||||||
1,506 | Acrisure, LLC, Term Loan B | 3.632% | 3-Month LIBOR | 3.500% | 2/15/27 | B | 1,488,909 | |
850 | Asurion LLC, Second Lien Term Loan B4 | 5.337% | 1-Month LIBOR | 5.250% | 1/15/29 | B | 847,254 | |
350 | Asurion LLC, Term Loan B8 | 3.337% | 1-Month LIBOR | 3.250% | 12/23/26 | Ba3 | 346,236 | |
633 | Hub International Limited, Term Loan B | 2.875% | 3-Month LIBOR | 2.750% | 4/25/25 | B | 626,489 | |
500 | LBM Acquisition LLC, Incremental Term Loan B2, (WI/DD) | TBD | TBD | TBD | TBD | B | 499,563 | |
173 | Ryan Specialty Group, LLC, Term Loan | 3.750% | 1-Month LIBOR | 3.000% | 9/01/27 | BB- | 173,705 | |
300 | Zelis Healthcare Corporation, Delayed Draw Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 298,625 | |
4,312 | Total Insurance | 4,280,781 | ||||||
Interactive Media & Services – 1.7% (1.1% of Total Investments) | ||||||||
1,017 | Arches Buyer Inc., Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 12/06/27 | B1 | 1,014,133 | |
787 | Rackspace Technology Global, Inc., Term Loan B | 3.500% | 3-Month LIBOR | 2.750% | 2/09/28 | B+ | 782,665 | |
973 | WeddingWire, Inc., 1st Lien Term Loan | 4.629% | 2-Month LIBOR | 4.500% | 12/21/25 | B+ | 974,119 | |
2,777 | Total Interactive Media & Services | 2,770,917 | ||||||
Internet & Direct Marketing Retail – 0.5% (0.3% of Total Investments) | ||||||||
746 | CNT Holdings I Corp, Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 11/08/27 | B | 748,381 | |
Internet Software & Services – 1.2% (0.8% of Total Investments) | ||||||||
263 | Banff Merger Sub Inc, USD Term Loan | 3.882% | 3-Month LIBOR | 3.750% | 10/02/25 | B2 | 261,722 | |
1,706 | Greeneden U.S. Holdings II, LLC, USD Term Loan B4 | 4.750% | 1-Month LIBOR | 4.000% | 12/01/27 | B- | 1,711,957 | |
1,969 | Total Internet Software & Services | 1,973,679 | ||||||
IT Services – 6.5% (4.0% of Total Investments) | ||||||||
927 | Ahead DB Holdings, LLC, Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 10/16/27 | B+ | 931,237 | |
165 | CCC Intelligent Solutions Inc., Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 9/21/28 | B1 | 164,711 | |
199 | DTI Holdco, Inc., Term Loan B | 5.750% | 2-Month LIBOR | 4.750% | 9/30/23 | CCC+ | 197,103 | |
1,674 | Intrado Corporation, Term Loan | 5.000% | 3-Month LIBOR | 4.000% | 10/10/24 | B2 | 1,647,348 | |
480 | KBR, Inc., Term Loan B | 2.837% | 1-Month LIBOR | 2.750% | 2/07/27 | Ba1 | 481,688 |
9
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
IT Services (continued) | ||||||||
$750 | Magenta Buyer LLC, USD 1st Lien Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 7/27/28 | BB- | $745,781 | |
292 | NeuStar, Inc., Term Loan B4 | 4.500% | 1-Month LIBOR | 3.500% | 8/08/24 | B+ | 292,434 | |
51 | NeuStar, Inc., Term Loan B5 | 5.500% | 1-Month LIBOR | 4.500% | 8/08/24 | B+ | 51,442 | |
249 | Project Ruby Ultimate Parent Corp., Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 3/10/28 | B | 248,785 | |
1,231 | Sabre GLBL Inc., Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 2/22/24 | Ba3 | 1,219,741 | |
1,813 | Syniverse Holdings, Inc., 1st Lien Term Loan | 6.000% | 3-Month LIBOR | 5.000% | 3/09/23 | CCC+ | 1,814,568 | |
1,145 | Syniverse Holdings, Inc., 2nd Lien Term Loan | 10.000% | 3-Month LIBOR | 9.000% | 3/11/24 | CCC- | 1,147,267 | |
843 | Tempo Acquisition LLC, Extended Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 10/31/26 | BB- | 846,388 | |
500 | Vision Solutions Inc., Term Loan | 5.000% | 3-Month LIBOR | 4.250% | 5/28/28 | B2 | 500,625 | |
10,319 | Total IT Services | 10,289,118 | ||||||
Leisure Products – 0.4% (0.2% of Total Investments) | ||||||||
160 | Hayward Industries, Inc., Term Loan | 3.000% | 1-Month LIBOR | 2.500% | 5/28/28 | BB- | 159,276 | |
470 | SRAM, LLC , Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 5/18/28 | BB- | 470,356 | |
630 | Total Leisure Products | 629,632 | ||||||
Life Sciences Tools & Services – 5.5% (3.4% of Total Investments) | ||||||||
2,175 | Apex Tool Group, LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 2,178,926 | |
398 | ICON Luxebourg Sarl, Term Loan | 3.000% | 3-Month LIBOR | 2.500% | 7/01/28 | BB+ | 398,412 | |
1,597 | ICON Luxembourg Sarl, Term Loan | 3.000% | 3-Month LIBOR | 2.500% | 7/01/28 | BB+ | 1,599,082 | |
240 | Intelsat Jackson Holdings S.A., Term Loan B3, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 240,200 | |
4,271 | PPD, Inc., Initial Term Loan | 2.500% | 1-Month LIBOR | 2.000% | 1/13/28 | Ba2 | 4,269,126 | |
8,681 | Total Life Sciences Tools & Services | 8,685,746 | ||||||
Machinery – 2.8% (1.7% of Total Investments) | ||||||||
736 | Alliance Laundry Systems LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.500% | 10/08/27 | B | 738,769 | |
931 | Axalta Coating Systems US Holdings Inc., Term Loan B3, (DD1) | 4.500% | 3-Month LIBOR | N/A% | 7/31/27 | B+ | 933,220 | |
683 | Gardner Denver, Inc., USD Term Loan B2 | 1.837% | 1-Month LIBOR | 1.750% | 2/28/27 | BB+ | 674,379 | |
1,100 | Hilton Grand Vacations Borrower LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | Baa3 | 1,093,262 | |
525 | McGraw-Hill Global Education Holdings, LLC, Term Loan | 3.000% | 3-Month LIBOR | 2.500% | 9/22/28 | BBB- | 524,706 |
10
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Machinery (continued) | ||||||||
$492 | Vertiv Group Corporation, Term Loan B | 2.830% | 1-Month LIBOR | 2.750% | 3/02/27 | BB- | $489,713 | |
4,467 | Total Machinery | 4,454,049 | ||||||
Marine – 0.5% (0.3% of Total Investments) | ||||||||
982 | HGIM Corp., Exit Term Loan, (DD1) | 7.000% | 3-Month LIBOR | 6.000% | 7/02/23 | Caa3 | 755,894 | |
Media – 12.3% (7.6% of Total Investments) | ||||||||
155 | Asurion LLC, Term Loan B9, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 154,798 | |
65 | Checkout Holding Corp., First Out Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 2/15/23 | N/R | 63,076 | |
114 | Checkout Holding Corp., Last Out Term Loan, (cash 2.000%, PIK 9.500%) | 2.000% | 1-Month LIBOR | 1.000% | 8/15/23 | N/R | 59,500 | |
2,255 | Clear Channel Outdoor Holdings, Inc., Term Loan B | 3.629% | 3-Month LIBOR | 3.500% | 8/21/26 | B1 | 2,222,488 | |
217 | CSC Holdings, LLC, Incremental Term Loan | 2.340% | 1-Month LIBOR | 2.250% | 1/15/26 | BB | 213,244 | |
710 | CSC Holdings, LLC, Term Loan B1 | 2.340% | 1-Month LIBOR | 2.250% | 7/17/25 | BB | 695,258 | |
1,504 | CSC Holdings, LLC, Term Loan B5 | 2.590% | 1-Month LIBOR | 2.500% | 4/15/27 | BB | 1,476,622 | |
113 | Cumulus Media New Holdings Inc., Term Loan B | 4.750% | 1-Month LIBOR | 3.750% | 3/31/26 | B | 113,158 | |
486 | Diamond Sports Group, LLC, Term Loan | 3.340% | 1-Month LIBOR | 3.250% | 8/24/26 | Caa1 | 259,032 | |
2,119 | DirecTV Financing, LLC, Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 8/02/27 | BBB- | 2,122,973 | |
488 | E.W. Scripps Company (The), Term Loan B2 | 3.313% | 1-Month LIBOR | 2.563% | 5/01/26 | BB | 486,940 | |
86 | Entercom Media Corp., Term Loan | 2.587% | 1-Month LIBOR | 2.500% | 11/17/24 | BB- | 85,069 | |
415 | Gray Television, Inc., Term Loan B | 2.332% | 1-Month LIBOR | 2.250% | 2/07/24 | BB+ | 413,938 | |
3 | Houghton Mifflin Harcourt Publishing Company, Term Loan B | 7.250% | 1-Month LIBOR | 6.250% | 11/22/24 | BB+ | 3,001 | |
1,293 | iHeartCommunications, Inc., Term Loan | 3.087% | 1-Month LIBOR | 3.000% | 5/01/26 | B+ | 1,285,024 | |
2,437 | Intelsat Jackson Holdings S.A., Term Loan B3, (6) | 8.000% | 1-Month LIBOR | 4.750% | 11/27/23 | N/R | 2,464,103 | |
1,254 | Intelsat Jackson Holdings S.A., Term Loan B3, (5) | 3.600% | 3-Month LIBOR | 4.750% | 7/13/22 | N/R | 1,266,818 | |
149 | LCPR Loan Financing LLC, Term Loan B | 3.840% | 1-Month LIBOR | 3.750% | 10/15/28 | BB+ | 149,718 | |
456 | Life Time Fitness Inc , Term Loan B | 3.750% | 1-Month LIBOR | 3.000% | 8/14/26 | B+ | 456,040 | |
600 | McGraw-Hill Global Education Holdings, LLC, Term Loan | 5.250% | 1-Month LIBOR | 4.750% | 7/30/28 | B2 | 596,499 | |
197 | Meredith Corporation, Incremental Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 1/31/25 | BB- | 201,923 | |
939 | Meredith Corporation, Term Loan B2 | 2.587% | 1-Month LIBOR | 2.500% | 1/31/25 | BB- | 938,461 | |
784 | Nexstar Broadcasting, Inc., Term Loan B3 | 2.337% | 1-Month LIBOR | 2.250% | 1/17/24 | BBB- | 782,858 | |
518 | Nexstar Broadcasting, Inc., Term Loan B4 | 2.582% | 1-Month LIBOR | 2.500% | 9/19/26 | BBB- | 517,453 | |
103 | Red Ventures, LLC, Term Loan B2 | 2.587% | 1-Month LIBOR | 2.500% | 11/08/24 | BB+ | 102,495 |
11
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Media (continued) | ||||||||
$336 | Sinclair Television Group Inc., Term Loan B1 | 2.340% | 1-Month LIBOR | 2.250% | 1/03/24 | Ba2 | $332,336 | |
343 | Sinclair Television Group Inc., Term Loan B2B | 2.590% | 1-Month LIBOR | 2.500% | 9/30/26 | Ba2 | 338,337 | |
612 | WideOpenWest Finance LLC, Term Loan B | 4.250% | 1-Month LIBOR | 3.250% | 8/19/23 | B | 612,306 | |
1,097 | Ziggo Financing Partnership, USD Term Loan I | 2.590% | 1-Month LIBOR | 2.500% | 4/30/28 | BB | 1,084,643 | |
19,848 | Total Media | 19,498,111 | ||||||
Multiline Retail – 0.9% (0.6% of Total Investments) | ||||||||
233 | Belk, Inc., FLFO Term Loan | 8.500% | 3-Month LIBOR | 7.500% | 7/31/25 | B- | 234,159 | |
1,044 | Belk, Inc., FLSO Term Loan, (cash 5.000%, PIK 8.000%) | 13.000% | 3-Month LIBOR | 13.000% | 7/31/25 | CCC- | 797,533 | |
472 | CCC Intelligent Solutions Inc., Term Loan B | 4.132% | 3-Month LIBOR | 4.000% | 2/05/25 | B- | 470,858 | |
1,749 | Total Multiline Retail | 1,502,550 | ||||||
Office Electronics – 0.0% (0.0% of Total Investments) | ||||||||
63 | Pitney Bowes Inc., Term Loan B | 4.090% | 1-Month LIBOR | 4.000% | 3/19/28 | BBB- | 62,912 | |
Oil, Gas & Consumable Fuels – 2.8% (1.7% of Total Investments) | ||||||||
673 | BCP Renaissance Parent LLC, Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 11/01/24 | B+ | 672,185 | |
837 | Buckeye Partners, L.P., Term Loan B | 2.334% | 1-Month LIBOR | 2.250% | 11/01/26 | BBB- | 834,212 | |
854 | Gulf Finance, LLC, Term Loan B | 6.250% | 1-Month LIBOR | 5.250% | 8/25/26 | B- | 826,342 | |
864 | QuarterNorth Energy Holding Inc., Exit 2nd Lien Term Loan | 9.000% | 3-Month LIBOR | 8.000% | 8/27/26 | B | 870,059 | |
1,215 | Traverse Midstream Partners LLC, Term Loan | 5.250% | 1-Month LIBOR | 4.250% | 9/27/24 | B | 1,216,383 | |
4,443 | Total Oil, Gas & Consumable Fuels | 4,419,181 | ||||||
Paper & Forest Products – 1.0% (0.6% of Total Investments) | ||||||||
703 | Asplundh Tree Expert, LLC, Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 9/04/27 | BBB- | 700,507 | |
422 | Charter Next Generation Inc., Term Loan | 4.500% | 1-Month LIBOR | 3.750% | 12/01/27 | N/R | 423,426 | |
435 | Post Holdings Inc., Term Loan B | 4.750% | 1-Month LIBOR | 4.000% | 10/21/24 | B+ | 437,994 | |
1,560 | Total Paper & Forest Products | 1,561,927 | ||||||
Personal Products – 1.5% (0.9% of Total Investments) | ||||||||
250 | Conair Holdings, LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.750% | 5/17/28 | B1 | 250,286 | |
76 | Coty Inc., USD Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 4/05/25 | B1 | 74,652 | |
329 | Journey Personal Care Corp., Term Loan B | 5.000% | 3-Month LIBOR | 4.250% | 3/01/28 | B | 328,352 |
12
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Personal Products (continued) | ||||||||
$2,152 | Revlon Consumer Products Corporation, Term Loan B, (DD1), (7) | 4.250% | 3-Month LIBOR | 3.500% | 9/07/23 | CC | $1,712,507 | |
2,807 | Total Personal Products | 2,365,797 | ||||||
Pharmaceuticals – 6.7% (4.2% of Total Investments) | ||||||||
1,686 | Bausch Health Companies Inc., Term Loan B | 3.087% | 1-Month LIBOR | 3.000% | 6/02/25 | BB | 1,684,299 | |
489 | Catalent Pharma Solutions Inc., Term Loan B3 | 2.500% | 1-Month LIBOR | 2.000% | 2/22/28 | BBB- | 490,077 | |
740 | Checkout Holding Corp., First Out Term Loan | 2.837% | 1-Month LIBOR | 2.750% | 11/27/25 | BB | 738,644 | |
319 | Elanco Animal Health Incorporated, Term Loan B | 1.832% | 1-Month LIBOR | 1.750% | 8/01/27 | BBB- | 316,385 | |
1,287 | Endo Luxembourg Finance Company I S.a r.l., Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 3/25/28 | B- | 1,258,695 | |
805 | Gainwell Acquisition Corp., Term Loan B | 4.750% | 3-Month LIBOR | 4.000% | 10/01/27 | BB- | 807,657 | |
1,995 | Jazz Financing Lux S.a.r.l., Term Loan | 4.000% | 1-Month LIBOR | 3.500% | 5/05/28 | BB+ | 2,000,237 | |
489 | Mallinckrodt International Finance S.A., Term Loan B, (6) | 6.250% | 1-Month LIBOR | 5.500% | 2/24/25 | D | 456,582 | |
2,017 | Mallinckrodt International Finance S.A., USD Term Loan B, (DD1), (6) | 6.000% | 6-Month LIBOR | N/A% | 9/24/24 | D | 1,883,536 | |
998 | Organon & Co, USD Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 6/02/28 | BB | 1,001,036 | |
10,825 | Total Pharmaceuticals | 10,637,148 | ||||||
Professional Services – 2.0% (1.3% of Total Investments) | ||||||||
961 | Ceridian HCM Holding Inc., Term Loan B | 2.574% | 1-Week LIBOR | 2.500% | 4/30/25 | B+ | 951,013 | |
319 | Creative Artists Agency, LLC , Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 11/26/26 | B | 318,165 | |
417 | Dun & Bradstreet Corporation (The), Term Loan | 3.338% | 1-Month LIBOR | 3.250% | 2/08/26 | BB+ | 415,437 | |
727 | EAB Global, Inc., Term Loan | 4.000% | 3-Month LIBOR | 3.500% | 8/16/28 | B2 | 724,699 | |
199 | Nielsen Consumer Inc., USD Term Loan B | 4.087% | 1-Month LIBOR | 4.000% | 3/05/28 | BB | 199,705 | |
586 | Nielsen Finance LLC, USD Term Loan B4 | 2.086% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB- | 586,064 | |
3,209 | Total Professional Services | 3,195,083 | ||||||
Road & Rail – 2.4% (1.5% of Total Investments) | ||||||||
373 | Avolon TLB Borrower 1 (US) LLC, Term Loan B3 | 2.500% | 1-Month LIBOR | 1.750% | 1/15/25 | Baa2 | 373,451 | |
593 | First Student Bidco Inc, Term Loan B | 3.500% | 2-Month LIBOR | 3.000% | 7/21/28 | BB+ | 589,321 | |
218 | First Student Bidco Inc, Term Loan C | 3.500% | 3-Month LIBOR | 3.000% | 7/21/28 | BB+ | 217,121 | |
985 | Genesee & Wyoming Inc. (New), Term Loan | 2.132% | 3-Month LIBOR | 2.000% | 12/30/26 | BB+ | 980,297 | |
759 | Hertz Corporation, (The), Term Loan B, (DD1) | 4.000% | 1-Month LIBOR | 3.500% | 6/30/28 | B+ | 760,643 | |
144 | Hertz Corporation, (The), Term Loan C, (DD1) | 4.000% | 1-Month LIBOR | 3.500% | 6/30/28 | BB- | 144,003 |
13
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Road & Rail (continued) | ||||||||
$722 | XPO Logistics, Inc., Term Loan B | 1.830% | 1-Month LIBOR | 1.750% | 2/23/25 | Baa3 | $718,342 | |
3,794 | Total Road & Rail | 3,783,178 | ||||||
Semiconductors & Semiconductor Equipment – 1.7% (1.1% of Total Investments) | ||||||||
1,219 | Bright Bidco B.V., Term Loan B, (DD1) | 4.500% | 6-Month LIBOR | 3.500% | 6/30/24 | CCC | 909,531 | |
435 | CMC Materials, Inc., Term Loan B1 | 2.125% | 1-Month LIBOR | 2.000% | 11/15/25 | BBB- | 434,337 | |
699 | ON Semiconductor Corporation, Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 9/19/26 | Baa3 | 699,240 | |
605 | Standard Industries Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 605,000 | |
125 | Synaptics Inc, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 125,351 | |
3,083 | Total Semiconductors & Semiconductor Equipment | 2,773,459 | ||||||
Software – 11.5% (7.1% of Total Investments) | ||||||||
661 | Apttus Corporation, Term Loan | 5.000% | 3-Month LIBOR | 4.250% | 5/06/28 | BB | 665,211 | |
256 | Camelot U.S. Acquisition 1 Co., Term Loan B | 3.087% | 1-Month LIBOR | 3.000% | 10/31/26 | B1 | 254,396 | |
1,244 | Delta TopCo, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 12/01/27 | B2 | 1,243,644 | |
221 | Dynatrace LLC, 1st Lien Term Loan | 2.337% | 1-Month LIBOR | 2.250% | 8/23/25 | BB+ | 221,035 | |
1,623 | Epicor Software Corporation, Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 7/31/27 | B2 | 1,623,155 | |
684 | Finastra USA, Inc., USD 1st Lien Term Loan | 4.500% | 6-Month LIBOR | 3.500% | 6/13/24 | BB- | 681,632 | |
157 | Greenway Health, LLC, 1st Lien Term Loan | 4.750% | 3-Month LIBOR | 3.750% | 2/16/24 | B- | 151,197 | |
125 | iQor US Inc., Exit Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 11/19/30 | B1 | 128,394 | |
347 | iQor US Inc., Second Out Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 11/19/25 | CCC+ | 331,570 | |
444 | MA FinanceCo., LLC, USD Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 6/05/25 | BB+ | 448,150 | |
394 | MA FinanceCo., LLC, USD Term Loan B3 | 2.837% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 391,363 | |
645 | McAfee, LLC, USD Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 9/29/24 | BB+ | 646,250 | |
1,400 | Park River Holdings Inc, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 1,398,544 | |
441 | Perforce Software, Inc., Term Loan B | 3.834% | 1-Month LIBOR | 3.750% | 7/01/26 | B2 | 438,107 | |
750 | Polaris Newco LLC, USD Term Loan B | 4.500% | 3-Month LIBOR | 4.000% | 6/04/28 | B2 | 752,632 | |
690 | Proofpoint, Inc., 1st Lien Term Loan | 3.750% | 3-Month LIBOR | 3.250% | 8/31/28 | BB- | 687,882 | |
550 | RealPage, Inc, 1st Lien Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 4/22/28 | B+ | 549,500 | |
2,662 | Seattle Spinco, Inc., USD Term Loan B3 | 2.837% | 1-Month LIBOR | 2.750% | 6/21/24 | BB+ | 2,642,973 | |
544 | Sophia, L.P., 1st Lien Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 10/07/27 | B | 544,806 | |
416 | SS&C European Holdings Sarl, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 412,536 | |
548 | SS&C Technologies Inc., Term Loan B3 | 1.837% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 542,909 | |
955 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B5 | 1.837% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 947,650 | |
441 | TIBCO Software Inc., Term Loan B3 | 3.840% | 1-Month LIBOR | 3.750% | 7/03/26 | B+ | 434,754 |
14
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Software (continued) | ||||||||
$710 | Ultimate Software Group Inc(The), Incremental Term Loan | 4.000% | 3-Month LIBOR | 3.250% | 5/03/26 | B1 | $712,386 | |
490 | Ultimate Software Group Inc(The), Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 5/03/26 | B1 | 491,348 | |
829 | ZoomInfo LLC, Term Loan B | 3.087% | 1-Month LIBOR | 3.000% | 2/01/26 | BB | 830,910 | |
18,227 | Total Software | 18,172,934 | ||||||
Specialty Retail – 3.3% (2.0% of Total Investments) | ||||||||
516 | Academy, Ltd., Term Loan | 4.250% | 3-Month LIBOR | 3.750% | 4/28/28 | BB- | 516,595 | |
373 | Academy, Ltd., Term Loan | 4.500% | 1-Month LIBOR | 3.750% | 11/06/27 | Ba3 | 374,431 | |
550 | Jo-Ann Stores, Inc., Term Loan B1 | 5.500% | 3-Month LIBOR | 4.750% | 6/30/28 | B | 541,750 | |
137 | LBM Acquisition LLC, Incremental Term Loan B2 | 3.879% | 3-Month LIBOR | 3.750% | 12/18/27 | B+ | 135,372 | |
69 | LBM Acquisition LLC, Incremental Term Loan B2, (WI/DD), (5) | TBD | TBD | TBD | TBD | B+ | 67,856 | |
2,743 | PetSmart, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 2/12/28 | BB- | 2,750,230 | |
203 | Staples, Inc., 7 Year Term Loan | 5.126% | 3-Month LIBOR | 5.000% | 4/12/26 | B | 195,356 | |
650 | Syniverse Holdings, Inc., Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | BB | 650,136 | |
5,241 | Total Specialty Retail | 5,231,726 | ||||||
Technology Hardware, Storage & Peripherals – 1.2% (0.7% of Total Investments) | ||||||||
987 | Dell International LLC, Term Loan B | 2.000% | 1-Month LIBOR | 1.750% | 9/19/25 | BBB | 987,688 | |
391 | NCR Corporation, Term Loan | 2.630% | 3-Month LIBOR | 2.500% | 8/28/26 | BB+ | 384,646 | |
498 | Peraton Corp., Term Loan B | 4.500% | 1-Month LIBOR | 3.750% | 2/01/28 | BB- | 499,326 | |
1,876 | Total Technology Hardware, Storage & Peripherals | 1,871,660 | ||||||
Textiles, Apparel & Luxury Goods – 0.2% (0.1% of Total Investments) | ||||||||
269 | CBI Buyer, Inc., Term Loan | 4.250% | 3-Month LIBOR | 3.250% | 1/06/28 | B1 | 268,932 | |
Transportation Infrastructure – 0.2% (0.2% of Total Investments) | ||||||||
400 | KKR Apple Bidco LLC, Term Loan | 3.500% | 1-Month LIBOR | 3.000% | 9/23/28 | B+ | 399,626 | |
Wireless Telecommunication Services – 0.3% (0.2% of Total Investments) | ||||||||
499 | GOGO Intermediate Holdings LLC, Term Loan B | 3.879% | 3-Month LIBOR | 3.750% | 4/30/28 | B | 499,947 | |
$221,238 | Total Variable Rate Senior Loan Interests (cost $217,223,411) | 217,644,386 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
CORPORATE BONDS – 13.8% (8.6% of Total Investments) | ||||||||
Auto Components – 0.8% (0.5% of Total Investments) | ||||||||
$730 | Adient Global Holdings Ltd, 144A | 4.875% | 8/15/26 | B | $743,202 | |||
530 | Adient US LLC, 144A | 9.000% | 4/15/25 | BB- | 567,100 | |||
1,260 | Total Auto Components | 1,310,302 |
15
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Chemicals – 0.4% (0.3% of Total Investments) | ||||||||
$230 | Olin Corp, 144A | 9.500% | 6/01/25 | BB+ | $282,612 | |||
380 | Rayonier AM Products Inc, 144A | 7.625% | 1/15/26 | B1 | 391,725 | |||
610 | Total Chemicals | 674,337 | ||||||
Commercial Services & Supplies – 0.5% (0.3% of Total Investments) | ||||||||
500 | Prime Security Services Borrower LLC / Prime Finance Inc, 144A | 3.375% | 8/31/27 | BB- | 478,945 | |||
250 | Prime Security Services Borrower LLC / Prime Finance Inc, 144A | 6.250% | 1/15/28 | B- | 256,250 | |||
750 | Total Commercial Services & Supplies | 735,195 | ||||||
Communications Equipment – 0.2% (0.2% of Total Investments) | ||||||||
375 | CommScope Inc, 144A | 8.250% | 3/01/27 | B- | 382,103 | |||
Diversified Telecommunication Services – 0.4% (0.3% of Total Investments) | ||||||||
375 | Avaya Inc, 144A | 6.125% | 9/15/28 | B+ | 390,112 | |||
220 | Windstream Escrow LLC / Windstream Escrow Finance Corp, 144A | 7.750% | 8/15/28 | BB | 232,701 | |||
595 | Total Diversified Telecommunication Services | 622,813 | ||||||
Electric Utilities – 1.2% (0.7% 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- | 289,946 | |||
178 | Pacific Gas and Electric Co | 3.450% | 7/01/25 | BBB- | 185,036 | |||
935 | Pacific Gas and Electric Co | 3.300% | 12/01/27 | BBB- | 957,293 | |||
177 | Pacific Gas and Electric Co | 3.750% | 7/01/28 | BBB- | 186,093 | |||
202 | Pacific Gas and Electric Co | 4.550% | 7/01/30 | BBB- | 220,589 | |||
2,947 | Total Electric Utilities | 1,840,426 | ||||||
Energy Equipment & Services – 0.1% (0.1% of Total Investments) | ||||||||
228 | Bausch Health Cos Inc, 144A | 6.125% | 4/15/25 | B | 232,223 | |||
Entertainment – 0.3% (0.2% of Total Investments) | ||||||||
500 | AMC Entertainment Holdings Inc, 144A | 10.500% | 4/15/25 | B- | 536,875 | |||
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 | 1,088,509 | |||
Gas Utilities – 0.2% (0.1% of Total Investments) | ||||||||
150 | NGL Energy Partners LP / NGL Energy Finance Corp | 7.500% | 11/01/23 | CCC+ | 144,000 | |||
150 | NGL Energy Partners LP / NGL Energy Finance Corp | 6.125% | 3/01/25 | CCC+ | 127,455 | |||
300 | Total Gas Utilities | 271,455 | ||||||
Health Care Providers & Services – 2.5% (1.6% of Total Investments) | ||||||||
510 | CHS/Community Health Systems Inc, 144A | 8.000% | 3/15/26 | BB- | 538,050 | |||
100 | CHS/Community Health Systems Inc, 144A | 8.000% | 12/15/27 | BB- | 108,375 |
16
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Health Care Providers & Services (continued) | ||||||||
$50 | HCA Inc | 5.375% | 2/01/25 | Baa3 | $55,625 | |||
1,000 | Legacy LifePoint Health LLC, 144A | 4.375% | 2/15/27 | B1 | 990,000 | |||
445 | LifePoint Health Inc, 144A | 5.375% | 1/15/29 | CCC+ | 436,100 | |||
350 | Team Health Holdings Inc, 144A | 6.375% | 2/01/25 | CCC | 309,750 | |||
51 | Tenet Healthcare Corp | 4.625% | 7/15/24 | B+ | 51,637 | |||
250 | Tenet Healthcare Corp, 144A | 7.500% | 4/01/25 | B+ | 265,312 | |||
485 | Tenet Healthcare Corp, 144A | 6.250% | 2/01/27 | B1 | 503,794 | |||
725 | Tenet Healthcare Corp, 144A | 6.125% | 10/01/28 | B | 761,214 | |||
3,966 | Total Health Care Providers & Services | 4,019,857 | ||||||
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 | 79,200 | |||
Media – 2.7% (1.7% of Total Investments) | ||||||||
300 | Clear Channel Outdoor Holdings Inc, 144A | 7.750% | 4/15/28 | CCC | 310,637 | |||
175 | Clear Channel Outdoor Holdings Inc, 144A | 7.500% | 6/01/29 | CCC | 179,003 | |||
1,030 | Diamond Sports Group LLC / Diamond Sports Finance Co, 144A | 5.375% | 8/15/26 | CCC+ | 581,950 | |||
1,000 | Diamond Sports Group LLC / Diamond Sports Finance Co, 144A | 6.625% | 8/15/27 | CC | 298,215 | |||
910 | Houghton Mifflin Harcourt Publishers Inc, 144A | 9.000% | 2/15/25 | BB+ | 964,600 | |||
2 | iHeartCommunications Inc | 6.375% | 5/01/26 | B+ | 1,764 | |||
396 | iHeartCommunications Inc | 8.375% | 5/01/27 | CCC+ | 421,612 | |||
1,075 | iHeartCommunications Inc, 144A | 5.250% | 8/15/27 | B+ | 1,097,962 | |||
165 | Intelsat Luxembourg SA, (6) | 8.125% | 6/01/23 | N/R | 1,650 | |||
415 | Univision Communications Inc, 144A | 9.500% | 5/01/25 | B | 449,237 | |||
5,468 | Total Media | 4,306,630 | ||||||
Metals & Mining – 0.2% (0.1% of Total Investments) | ||||||||
320 | First Quantum Minerals Ltd, 144A | 6.875% | 10/15/27 | B | 341,600 | |||
Oil, Gas & Consumable Fuels – 3.3% (2.0% of Total Investments) | ||||||||
211 | Baytex Energy Corp, 144A | 5.625% | 6/01/24 | B+ | 212,741 | |||
475 | Callon Petroleum Co | 6.125% | 10/01/24 | B- | 468,611 | |||
1,150 | Citgo Holding Inc, 144A | 9.250% | 8/01/24 | B+ | 1,167,250 | |||
385 | CITGO Petroleum Corp, 144A | 7.000% | 6/15/25 | BB | 396,781 | |||
225 | Gulfport Energy Operating Corp, 144A | 8.000% | 5/17/26 | BB- | 249,187 | |||
340 | Laredo Petroleum Inc | 9.500% | 1/15/25 | B | 349,551 | |||
250 | Matador Resources Co | 5.875% | 9/15/26 | B+ | 258,152 | |||
1,012 | NGL Energy Operating LLC / NGL Energy Finance Corp, 144A | 7.500% | 2/01/26 | BB- | 1,026,239 | |||
150 | NGL Energy Partners LP / NGL Energy Finance Corp | 7.500% | 4/15/26 | CCC+ | 128,205 | |||
375 | PBF Holding Co LLC / PBF Finance Corp, 144A | 9.250% | 5/15/25 | BB | 363,750 |
17
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Oil, Gas & Consumable Fuels (continued) | ||||||||
$750 | PBF Holding Co LLC / PBF Finance Corp | 6.000% | 2/15/28 | B+ | $543,604 | |||
5,323 | Total Oil, Gas & Consumable Fuels | 5,164,071 | ||||||
Pharmaceuticals – 0.2% (0.1% of Total Investments) | ||||||||
228 | Endo Dac / Endo Finance LLC / Endo Finco Inc, 144A | 6.000% | 6/30/28 | CCC- | 159,030 | |||
90 | Par Pharmaceutical Inc, 144A | 7.500% | 4/01/27 | B- | 90,788 | |||
318 | Total Pharmaceuticals | 249,818 | ||||||
Specialty Retail – 0.1% (0.0% of Total Investments) | ||||||||
100 | PetSmart Inc / PetSmart Finance Corp, 144A | 7.750% | 2/15/29 | CCC+ | 108,072 | |||
$24,175 | Total Corporate Bonds (cost $21,989,913) | 21,963,486 |
Shares | Description (1) | Value | ||||||
COMMON STOCKS – 4.1% (2.6% of Total Investments) | ||||||||
Banks – 0.1% (0.1% of Total Investments) | ||||||||
12,051 | iQor US Inc, (8), (9) | $138,586 | ||||||
Communications Equipment – 0.1% (0.0% of Total Investments) | ||||||||
5,845 | Windstream Services PE LLC, (8), (9) | 113,977 | ||||||
Construction & Engineering – 0.0% (0.0% of Total Investments) | ||||||||
1,438 | TNT Crane & Rigging Inc, (8), (9) | 2,157 | ||||||
811 | TNT Crane & Rigging Inc, (8), (9) | 15,359 | ||||||
Total Construction & Engineering | 17,516 | |||||||
Diversified Consumer Services – 0.1% (0.1% of Total Investments) | ||||||||
9,343 | Cengage Learning Holdings II Inc, (8), (9) | 182,188 | ||||||
Diversified Telecommunication Services – 0.0% (0.0% of Total Investments) | ||||||||
3,347 | Windstream Services PE LLC, (8), (9) | 65,267 | ||||||
Electric Utilities – 0.8% (0.5% of Total Investments) | ||||||||
25,367 | Energy Harbor Corp, (8), (9), (10) | 1,214,445 | ||||||
Energy Equipment & Services – 0.1% (0.0% of Total Investments) | ||||||||
28,730 | Transocean Ltd, (9) | 101,417 | ||||||
3,779 | Vantage Drilling International, (8), (9) | 17,636 | ||||||
Total Energy Equipment & Services | 119,053 | |||||||
Health Care Providers & Services – 0.0% (0.0% of Total Investments) | ||||||||
12,290 | Millennium Health LLC, (7), (9) | 11,479 | ||||||
11,533 | Millennium Health LLC, (7), (9) | 9,618 | ||||||
Total Health Care Providers & Services | 21,097 | |||||||
Hotels, Restaurants & Leisure – 0.2% (0.1% of Total Investments) | ||||||||
55,426 | 24 Hour Fitness Worldwide Inc, (8) | 138,565 |
18
Shares | Description (1) | Value | ||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
116,526 | 24 Hour Fitness Worldwide Inc, (8), (9) | $194,249 | ||||||
Total Hotels, Restaurants & Leisure | 332,814 | |||||||
Internet & Direct Marketing Retail – 0.0% (0.0% of Total Investments) | ||||||||
1,905 | Catalina Marketing Corp, (8), (9) | 5,557 | ||||||
Marine – 0.0% (0.0% of Total Investments) | ||||||||
430 | ACBL HLDG CORP, (8), (9) | 9,245 | ||||||
Media – 0.2% (0.1% of Total Investments) | ||||||||
85,013 | Clear Channel Outdoor Holdings Inc, (9) | 246,538 | ||||||
2 | Cumulus Media Inc, (9) | 25 | ||||||
Total Media | 246,563 | |||||||
Multiline Retail – 0.0% (0.0% of Total Investments) | ||||||||
140 | Belk Inc, (8), (9) | 2,520 | ||||||
Oil, Gas & Consumable Fuels – 2.3% (1.5% of Total Investments) | ||||||||
18,948 | California Resources Corp, (9) | 874,071 | ||||||
22,321 | Fieldwood Energy LLC, (8), (9) | 2,287,903 | ||||||
8,561 | Whiting Petroleum Corp, (9) | 557,578 | ||||||
Total Oil, Gas & Consumable Fuels | 3,719,552 | |||||||
Professional Services – 0.2% (0.2% of Total Investments) | ||||||||
32,859 | Skillsoft Corp, (7), (9) | 376,442 | ||||||
Total Common Stocks (cost $8,995,503) | 6,564,822 |
Shares | Description (1) | Value | ||||||
WARRANTS – 0.8% (0.5% of Total Investments) | ||||||||
Communications Equipment – 0.0% (0.0% of Total Investments) | ||||||||
8,503 | Avaya Holdings Corp, (8) | $16,581 | ||||||
Marine – 0.1% (0.0% of Total Investments) | ||||||||
452 | ACBL HLDG CORP, (8) | 9,718 | ||||||
1,682 | ACBL HLDG CORP, (8) | 42,891 | ||||||
1,279 | ACBL HLDG CORP, (8) | 38,370 | ||||||
8,410 | American Commercial Barge Line LLC, (7) | 2,767 | ||||||
11,823 | Total Marine | 93,746 | ||||||
Industrial Conglomerates – 0.0% (0.0% of Total Investments) | ||||||||
6,395 | American Commercial Barge Line LLC, (7) | 2,807 | ||||||
Oil, Gas & Consumable Fuels – 0.7% (0.5% of Total Investments) | ||||||||
188 | California Resources Corp | 2,912 | ||||||
9,459 | Fieldwood Energy LLC, (8) | 969,548 | ||||||
9,732 | Fieldwood Energy LLC, (8) | 92,454 |
19
JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||
Oil, Gas & Consumable Fuels(continued) | ||||||||
18,744 | Fieldwood Energy LLC, (8) | $103,092 | ||||||
38,123 | Total Oil, Gas & Consumable Fuels | 1,168,006 | ||||||
Entertainment – 0.0% (0.0% of Total Investments) | ||||||||
45,953 | Cineworld Warrant, (8) | 17,830 | ||||||
Total Warrants (cost $852,642) | 1,298,970 |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 0.1% (0.0% of Total Investments) | ||||||||
Marine – 0.1% | ||||||||
1,600 | ACBL HLDG CORP, (8), (9) | 0.000% | N/R | $40,800 | ||||
1,821 | ACBL HLDG CORP, (8), (9) | 0.000% | N/R | 54,630 | ||||
Total Marine | 95,430 | |||||||
Total Convertible Preferred Securities (cost $97,141) | 95,430 | |||||||
Total Long-Term Investments (cost $249,158,610) | 247,567,094 |
Shares | Description (1) | Coupon | Value | |||||
SHORT-TERM INVESTMENTS – 5.4% (3.3% of Total Investments) | ||||||||
INVESTMENT COMPANIES – 5.4% (3.3% of Total Investments) | ||||||||
8,521,032 | BlackRock Liquidity Funds T-Fund Portfolio | 0.005% (11) | $8,521,032 | |||||
Total Short-Term Investments (cost $8,521,032) | 8,521,032 | |||||||
Total Investments (cost $257,679,642) – 161.4% | 256,088,126 | |||||||
Borrowings – (12.3)% (12), (13) | (19,500,000) | |||||||
Taxable Fund Preferred Shares, net of deferred offering costs – (44.1)% (14) | (69,950,688) | |||||||
Other Assets Less Liabilities – (5.0)% | (7,989,465) | |||||||
Net Assets Applicable to Common Shares – 100% | $158,647,973 |
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.
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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 | $ — | $215,931,879 | $1,712,507 | $217,644,386 |
Corporate Bonds | — | 21,963,486 | — | 21,963,486 |
Common Stocks | 1,779,629 | 4,387,654 | 397,539 | 6,564,822 |
Warrants | 2,912 | 1,290,484 | 5,574 | 1,298,970 |
Convertible Preferred Securities | — | 95,430 | — | 95,430 |
Short-Term Investments: | ||||
Investment Companies | 8,521,032 | — | — | 8,521,032 |
Total | $10,303,573 | $243,668,933 | $2,115,620 | $256,088,126 |
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 | $1,699,036 | $257,488 | $4,378 |
Gains (losses): | |||
Net realized gains (losses) | 8 | (36,405) | – |
Change in net unrealized appreciation (depreciation) | 7,505 | 178,613 | 1,196 |
Purchases at cost | – | – | – |
Sales at proceeds | (5,974) | – | – |
Net discounts (premiums) | 11,932 | – | – |
Transfers into | – | – | – |
Transfers (out of) | – | (2,157) | – |
Balance at the end of period | $1,712,507 | $397,539 | $5,574 |
Change in net unrealized appreciation (depreciation) during the period of Level 3 securities held as of period end | $7,505 | $178,613 | $1,196 |
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) Skillsoft Corp are priced at an amortized discount applied to the closing price of the common shares. The Variable Rate Senior Loan Interests categorized as Level 3 are utilizing a weighted probability model. The 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 | $ — | $ — | $2,157 | $ — | $ — | $(2,157) |
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JSD | Nuveen Short Duration Credit Opportunities Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | 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) | 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. | |
(8) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(9) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(10) | Common Stock received as part of the bankruptcy settlements during February 2020 for Bruce Mansfield Unit 1 2007 Pass-Through Trust. | |
(11) | The rate shown is the annualized seven-day subsidized yield as of end of the reporting period. | |
(12) | Borrowings as a percentage of Total Investments is 7.6%. | |
(13) | 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. | |
(14) | Taxable Fund Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 27.3%. | |
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. | |
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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