JHB
Nuveen Corporate Income November
2021 Target Term Fund
Portfolio of Investments September 30, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
LONG-TERM INVESTMENTS – 14.4% (15.5% of Total Investments) | ||||||||
CORPORATE BONDS – 14.4% (15.5% of Total Investments) | ||||||||
Aerospace & Defense – 0.3% | ||||||||
$1,305 | BAE Systems PLC, 144A | 4.750% | 10/11/21 | BBB | $1,306,024 | |||
Automobiles – 1.9% | ||||||||
10,000 | Ford Motor Credit Co LLC | 3.813% | 10/12/21 | BB+ | 10,005,000 | |||
Banks – 1.9% | ||||||||
10,000 | Deutsche Bank AG/New York NY | 4.250% | 10/14/21 | BBB+ | 10,010,774 | |||
Capital Markets – 3.8% | ||||||||
20,050 | Credit Suisse AG/New York NY | 3.000% | 10/29/21 | A+ | 20,089,343 | |||
Diversified Telecommunication Services – 0.4% | ||||||||
1,918 | Telstra Corp Ltd | 4.800% | 10/12/21 | A2 | 1,919,880 | |||
Food Products – 1.7% | ||||||||
8,989 | J M Smucker Co | 3.500% | 10/15/21 | BBB | 8,997,961 | |||
Household Durables – 2.9% | ||||||||
15,022 | Lennar Corp | 4.125% | 1/15/22 | BBB | 15,022,000 | |||
Machinery – 0.8% | ||||||||
4,185 | CNH Industrial Capital LLC | 3.875% | 10/15/21 | BBB | 4,189,540 | |||
Pharmaceuticals – 0.7% | ||||||||
3,920 | Bayer US Finance LLC | 3.000% | 10/08/21 | BBB+ | 3,921,120 | |||
$75,389 | Total Long-Term Investments (cost $75,488,447) | 75,461,642 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
SHORT-TERM INVESTMENTS – 77.9% (84.5% of Total Investments) | ||||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 54.0% (58.6% of Total Investments) | ||||||||
$1,000 | Federal Home Loan Bank Discount Notes | 0.000% | 10/06/21 | Aaa | $999,997 | |||
10,000 | Federal Home Loan Bank Discount Notes | 0.000% | 10/13/21 | Aaa | 9,999,933 | |||
147,500 | Federal Home Loan Bank Discount Notes | 0.000% | 10/15/21 | Aaa | 147,498,850 | |||
107,995 | Federal Home Loan Bank Discount Notes | 0.000% | 10/22/21 | Aaa | 107,993,737 | |||
17,750 | Federal Home Loan Bank Discount Notes | 0.000% | 10/27/21 | Aaa | 17,749,744 | |||
284,245 | Total U.S. Government and Agency Obligations (cost $284,240,070) | 284,242,261 |
1
JHB | Nuveen Corporate Income November 2021 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||
COMMERCIAL PAPER – 23.9% (25.9%of Total Investments) | ||||||||
Banks – 3.2% | ||||||||
$10,000 | NRW Bank, 144A | 0.000% | 10/20/21 | $9,999,622 | ||||
6,750 | Sheffield Receivables Co LLC, 144A | 0.000% | 10/12/21 | 6,749,806 | ||||
16,750 | Total Banks | 16,749,428 | ||||||
Diversified Financial Services – 14.4% | ||||||||
4,875 | Barton Capital SA | 0.000% | 10/20/21 | 4,874,748 | ||||
11,500 | Cancara Asset Securitisation LLC | 0.000% | 10/27/21 | 11,499,155 | ||||
10,000 | Chariot Funding LLC, 144A | 0.000% | 10/26/21 | 9,999,299 | ||||
10,000 | Halkin Finance LLC, 144A | 0.000% | 10/26/21 | 9,999,265 | ||||
10,000 | LIME FUNDING LLC | 0.000% | 10/21/21 | 9,999,452 | ||||
9,628 | Mont Blanc Capital Corp, 144A | 0.000% | 10/15/21 | 9,627,639 | ||||
10,000 | Mountcliff Funding LLC, 144A | 0.000% | 10/26/21 | 9,999,299 | ||||
10,000 | Pure Grove Funding | 0.000% | 10/22/21 | 9,999,220 | ||||
76,003 | Total Diversified Financial Services | 75,998,077 | ||||||
Diversified Telecommunication Services – 1.9% | ||||||||
10,000 | AT&T Inc, 144A | 0.000% | 10/19/21 | 9,998,870 | ||||
Food Products – 1.9% | ||||||||
10,000 | Nestle Finance International Ltd | 0.000% | 10/18/21 | 9,999,805 | ||||
Oil, Gas & Consumable Fuels – 1.9% | ||||||||
10,000 | Exxon Mobil Corp | 0.000% | 10/26/21 | 9,999,567 | ||||
Technology Hardware, Storage & Peripherals – 0.6% | ||||||||
3,000 | Apple Inc, 144A | 0.000% | 10/19/21 | 2,999,921 | ||||
$125,753 | Total Commercial Paper (cost $125,745,750) | 125,745,668 | ||||||
Total Short-Term Investments (cost $409,985,820) | 409,987,929 | |||||||
Total Investments (cost $485,474,267) – 92.3% | 485,449,571 | |||||||
Other Assets Less Liabilities – 7.7% | 40,546,235 | |||||||
Net Assets Applicable to Common Shares – 100% | $525,995,806 |
2
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: | ||||
Corporate Bonds | $ — | $75,461,642 | $ — | $75,461,642 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 284,242,261 | — | 284,242,261 |
Commercial Paper | — | 125,745,668 | — | 125,745,668 |
Total | $ — | $485,449,571 | $ — | $485,449,571 |
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) | 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. | |
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. |
3