JHAA
Nuveen Corporate Income 2023
Target Term Fund
Portfolio of Investments March 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
LONG-TERM INVESTMENTS – 117.4% (85.9% of Total Investments) | ||||||||
CORPORATE BONDS – 80.9% (59.2% of Total Investments) | ||||||||
Aerospace & Defense – 0.4% | ||||||||
$300 | Bombardier Inc, 144A | 6.125% | 1/15/23 | CCC | $312,375 | |||
Air Freight & Logistics – 1.6% | ||||||||
1,200 | XPO Logistics Inc, 144A | 6.125% | 9/01/23 | BB- | 1,220,976 | |||
Airlines – 1.3% | ||||||||
1,000 | United Airlines Holdings Inc | 5.000% | 2/01/24 | Ba3 | 1,015,000 | |||
Auto Components – 2.2% | ||||||||
500 | Goodyear Tire & Rubber Co | 5.125% | 11/15/23 | B+ | 501,725 | |||
975 | Icahn Enterprises LP / Icahn Enterprises Finance Corp | 6.750% | 2/01/24 | BB | 994,500 | |||
250 | ZF North America Capital Inc, 144A | 4.500% | 4/29/22 | BB+ | 255,625 | |||
1,725 | Total Auto Components | 1,751,850 | ||||||
Automobiles – 3.7% | ||||||||
2,000 | Ford Motor Credit Co LLC | 3.370% | 11/17/23 | BB+ | 2,050,000 | |||
800 | Ford Motor Credit Co LLC | 5.584% | 3/18/24 | BB+ | 863,432 | |||
2,800 | Total Automobiles | 2,913,432 | ||||||
Chemicals – 2.7% | ||||||||
2,025 | NOVA Chemicals Corp, 144A | 4.875% | 6/01/24 | BB- | 2,116,125 | |||
Commercial Services & Supplies – 4.4% | ||||||||
1,475 | ADT Security Corp | 4.125% | 6/15/23 | BB- | 1,532,156 | |||
1,118 | APX Group Inc | 7.875% | 12/01/22 | B- | 1,122,192 | |||
750 | Prime Security Services Borrower LLC / Prime Finance Inc, 144A | 5.250% | 4/15/24 | BB- | 799,988 | |||
3,343 | Total Commercial Services & Supplies | 3,454,336 | ||||||
Communications Equipment – 2.0% | ||||||||
1,500 | CommScope Inc, 144A | 5.500% | 3/01/24 | Ba3 | 1,546,875 | |||
Consumer Finance – 4.3% | ||||||||
500 | Navient Corp | 5.500% | 1/25/23 | Ba3 | 518,750 | |||
800 | Navient Corp | 7.250% | 9/25/23 | Ba3 | 865,867 | |||
500 | Navient Corp | 6.125% | 3/25/24 | Ba3 | 529,375 | |||
1,300 | OneMain Finance Corp | 8.250% | 10/01/23 | BB- | 1,462,500 | |||
3,100 | Total Consumer Finance | 3,376,492 |
1
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments March 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Containers & Packaging – 2.1% | ||||||||
$237 | Berry Global Inc | 5.125% | 7/15/23 | BB+ | $239,666 | |||
500 | OI European Group BV, 144A | 4.000% | 3/15/23 | B+ | 512,500 | |||
850 | Sealed Air Corp, 144A | 5.250% | 4/01/23 | BB+ | 899,938 | |||
1,587 | Total Containers & Packaging | 1,652,104 | ||||||
Diversified Financial Services – 0.9% | ||||||||
300 | Park Aerospace Holdings Ltd, 144A | 4.500% | 3/15/23 | BBB- | 313,314 | |||
350 | Park Aerospace Holdings Ltd, 144A | 5.500% | 2/15/24 | BBB- | 380,462 | |||
650 | Total Diversified Financial Services | 693,776 | ||||||
Diversified Telecommunication Services – 2.1% | ||||||||
1,500 | Lumen Technologies Inc | 6.750% | 12/01/23 | BB | 1,655,790 | |||
Electric Utilities – 2.7% | ||||||||
1,500 | Pacific Gas and Electric Co | 1.750% | 6/16/22 | BBB- | 1,502,277 | |||
600 | TerraForm Power Operating LLC, 144A | 4.250% | 1/31/23 | BB | 619,500 | |||
2,100 | Total Electric Utilities | 2,121,777 | ||||||
Entertainment – 0.6% | ||||||||
500 | Cinemark USA Inc | 4.875% | 6/01/23 | B | 496,975 | |||
Equity Real Estate Investment Trust – 1.5% | ||||||||
376 | Clear Channel Worldwide Holdings Inc | 9.250% | 2/15/24 | CCC | 391,153 | |||
750 | GLP Capital LP / GLP Financing II Inc | 5.375% | 11/01/23 | BBB- | 818,850 | |||
1,126 | Total Equity Real Estate Investment Trust | 1,210,003 | ||||||
Food & Staples Retailing – 0.3% | ||||||||
250 | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 144A | 3.500% | 2/15/23 | BB- | 255,000 | |||
Gas Utilities – 2.3% | ||||||||
900 | AmeriGas Partners LP / AmeriGas Finance Corp | 5.625% | 5/20/24 | BB | 999,450 | |||
825 | Suburban Propane Partners LP/Suburban Energy Finance Corp | 5.500% | 6/01/24 | BB- | 837,664 | |||
1,725 | Total Gas Utilities | 1,837,114 | ||||||
Health Care Providers & Services – 2.8% | ||||||||
236 | Encompass Health Corp | 5.125% | 3/15/23 | B+ | 236,236 | |||
500 | HCA Inc | 5.875% | 5/01/23 | Ba2 | 544,412 | |||
500 | Molina Healthcare Inc | 5.375% | 11/15/22 | BB- | 524,270 | |||
850 | Tenet Healthcare Corp | 6.750% | 6/15/23 | B- | 921,315 | |||
2,086 | Total Health Care Providers & Services | 2,226,233 | ||||||
Hotels, Restaurants & Leisure – 3.6% | ||||||||
1,137 | 1011778 BC ULC / New Red Finance Inc, 144A | 4.250% | 5/15/24 | BB+ | 1,150,337 | |||
1,000 | MGM Resorts International | 6.000% | 3/15/23 | BB | 1,071,250 |
2
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Hotels, Restaurants & Leisure (continued) | ||||||||
$600 | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp, 144A | 4.250% | 5/30/23 | BB- | $614,253 | |||
2,737 | Total Hotels, Restaurants & Leisure | 2,835,840 | ||||||
Household Durables – 2.8% | ||||||||
1,250 | KB Home | 7.625% | 5/15/23 | BB | 1,354,687 | |||
785 | Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc, 144A | 5.625% | 3/01/24 | BB | 841,913 | |||
2,035 | Total Household Durables | 2,196,600 | ||||||
Leisure Products – 0.7% | ||||||||
500 | Mattel Inc | 3.150% | 3/15/23 | BB- | 505,000 | |||
Media – 3.8% | ||||||||
340 | AMC Networks Inc | 5.000% | 4/01/24 | BB | 344,250 | |||
375 | CCO Holdings LLC / CCO Holdings Capital Corp, 144A | 4.000% | 3/01/23 | BB+ | 378,681 | |||
1,350 | CSC Holdings LLC | 5.250% | 6/01/24 | B | 1,456,312 | |||
750 | DISH DBS Corp | 5.000% | 3/15/23 | B2 | 782,438 | |||
2,815 | Total Media | 2,961,681 | ||||||
Metals & Mining – 5.8% | ||||||||
850 | Commercial Metals Co | 4.875% | 5/15/23 | BB+ | 888,250 | |||
650 | Constellium SE, 144A | 5.750% | 5/15/24 | B | 658,125 | |||
1,250 | First Quantum Minerals Ltd, 144A | 6.500% | 3/01/24 | B- | 1,268,750 | |||
1,125 | FMG Resources August 2006 Pty Ltd, 144A | 5.125% | 5/15/24 | BB+ | 1,219,348 | |||
500 | Freeport-McMoRan Inc | 3.875% | 3/15/23 | Ba1 | 520,665 | |||
4,375 | Total Metals & Mining | 4,555,138 | ||||||
Oil, Gas & Consumable Fuels – 15.9% | ||||||||
300 | Buckeye Partners LP | 4.150% | 7/01/23 | BB | 307,875 | |||
500 | Calumet Specialty Products Partners LP / Calumet Finance Corp | 7.750% | 4/15/23 | B- | 496,305 | |||
750 | Cenovus Energy Inc | 3.000% | 8/15/22 | BBB- | 767,298 | |||
225 | Continental Resources Inc/OK | 4.500% | 4/15/23 | BBB- | 233,032 | |||
794 | Energean Israel Finance Ltd, 144A | 4.500% | 3/30/24 | Ba3 | 799,924 | |||
250 | Energy Transfer Operating LP | 5.875% | 1/15/24 | BBB- | 278,294 | |||
500 | EnLink Midstream Partners LP | 4.400% | 4/01/24 | BB+ | 504,000 | |||
500 | EQM Midstream Partners LP | 4.750% | 7/15/23 | BB | 518,750 | |||
1,500 | Leviathan Bond Ltd, 144A | 5.750% | 6/30/23 | BB | 1,569,572 | |||
1,000 | NAK Naftogaz Ukraine via Kondor Finance PLC | 7.375% | 7/19/22 | B | 1,029,150 | |||
1,750 | Occidental Petroleum Corp | 2.700% | 2/15/23 | Ba2 | 1,746,010 | |||
1,000 | Petroleos Mexicanos | 4.875% | 1/18/24 | BBB | 1,028,300 | |||
1,000 | Range Resources Corp | 5.000% | 3/15/23 | B+ | 1,016,250 | |||
300 | Sasol Financing International Ltd | 4.500% | 11/14/22 | BB | 306,450 |
3
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments March 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Oil, Gas & Consumable Fuels (continued) | ||||||||
$1,000 | SM Energy Co | 5.000% | 1/15/24 | B | $940,500 | |||
270 | Western Midstream Operating LP | 4.000% | 7/01/22 | BB | 276,757 | |||
750 | Western Midstream Operating LP, (3-Month LIBOR reference rate + 2.100% spread), (3) | 2.325% | 1/13/23 | BB | 735,159 | |||
12,389 | Total Oil, Gas & Consumable Fuels | 12,553,626 | ||||||
Pharmaceuticals – 3.7% | ||||||||
1,513 | Bausch Health Cos Inc, 144A | 7.000% | 3/15/24 | BB | 1,547,799 | |||
1,300 | Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 4/15/24 | Ba2 | 1,384,500 | |||
2,813 | Total Pharmaceuticals | 2,932,299 | ||||||
Real Estate Management & Development – 0.8% | ||||||||
600 | Realogy Group LLC / Realogy Co-Issuer Corp, 144A | 4.875% | 6/01/23 | B- | 616,500 | |||
Specialty Retail – 1.4% | ||||||||
1,000 | L Brands Inc | 5.625% | 10/15/23 | BB- | 1,085,000 | |||
Technology Hardware, Storage & Peripherals – 1.1% | ||||||||
500 | Diebold Nixdorf Inc | 8.500% | 4/15/24 | CCC | 510,750 | |||
375 | EMC Corp | 3.375% | 6/01/23 | BB | 386,396 | |||
875 | Total Technology Hardware, Storage & Peripherals | 897,146 | ||||||
Textiles, Apparel & Luxury Goods – 0.3% | ||||||||
250 | Hanesbrands Inc, 144A | 4.625% | 5/15/24 | BB | 265,226 | |||
Thrifts & Mortgage Finance – 0.6% | ||||||||
500 | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp, 144A | 5.250% | 3/15/22 | Ba2 | 503,750 | |||
Trading Companies & Distributors – 1.1% | ||||||||
400 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 4.500% | 9/15/23 | BBB | 430,244 | |||
400 | Aircastle Ltd | 4.400% | 9/25/23 | BBB | 426,007 | |||
800 | Total Trading Companies & Distributors | 856,251 | ||||||
Wireless Telecommunication Services – 1.4% | ||||||||
525 | Sprint Corp | 7.875% | 9/15/23 | BB+ | 600,075 | |||
500 | T-Mobile USA Inc | 6.000% | 3/01/23 | BB+ | 503,125 | |||
1,025 | Total Wireless Telecommunication Services | 1,103,200 | ||||||
$61,231 | Total Corporate Bonds (cost $61,017,872) | 63,723,490 |
4
Principal Amount (000) | Description (1) | Coupon (4) | Reference Rate (4) | Spread (4) | Maturity (5) | Ratings (2) | Value | |
VARIABLE RATE SENIOR LOAN INTERESTS – 33.5% (24.5% of Total Investments) (4) | ||||||||
Auto Components – 0.7% | ||||||||
$325 | Adient Global Holdings, Initial Term Loan, (DD1) | 4.443% | 3-Month LIBOR | 4.250% | 5/06/24 | BB- | $325,698 | |
221 | Adient Global Holdings, Initial Term Loan | 4.359% | 1-Month LIBOR | 4.250% | 5/06/24 | BB- | 220,473 | |
546 | Total Auto Components | 546,171 | ||||||
Beverages – 0.8% | ||||||||
620 | Arctic Glacier U.S.A., Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 3/20/24 | CCC+ | 587,657 | |
Building Products – 0.6% | ||||||||
499 | DiversiTech Holdings, Inc., Term Loan B1 | 4.250% | 3-Month LIBOR | 3.250% | 6/01/24 | B+ | 497,150 | |
Capital Markets – 0.6% | ||||||||
500 | Lions Gate Entertainment Corporation, Term Loan A, (WI/DD) | TBD | TBD | TBD | TBD | Ba2 | 495,625 | |
Chemicals – 1.9% | ||||||||
250 | Axalta Coating Systems, Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | Ba1 | 249,184 | |
745 | INEOS US Petrochem LLC, Term Loan B | 2.109% | 1-Month LIBOR | 2.000% | 3/31/24 | BBB- | 737,699 | |
500 | Mineral Technologies, Inc., Term Loan B, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 500,625 | |
1,495 | Total Chemicals | 1,487,508 | ||||||
Commercial Services & Supplies – 1.8% | ||||||||
635 | R.R. Donnelley & Sons Company, Term Loan B | 5.109% | 1-Month LIBOR | 5.000% | 1/15/24 | B+ | 634,187 | |
100 | Wash Multifamily Acquisition, Inc., Initial Canadian Term Loan, First Lien | 4.250% | 1-Month LIBOR | 3.250% | 5/16/22 | B2 | 99,900 | |
646 | Wash Multifamily Acquisition, Inc., Initial US Term Loan, First Lien | 4.250% | 1-Month LIBOR | 3.250% | 5/16/22 | B2 | 644,743 | |
1,381 | Total Commercial Services & Supplies | 1,378,830 | ||||||
Communications Equipment – 2.0% | ||||||||
750 | MultiPlan, Inc., Term Loan B, (DD1) | 3.750% | 3-Month LIBOR | 2.750% | 6/07/23 | Ba3 | 746,805 | |
856 | Univision Communications, Inc., Term Loan C5 | 2.857% | 1-Month LIBOR | 2.750% | 3/15/24 | B | 850,859 | |
1,606 | Total Communications Equipment | 1,597,664 | ||||||
Food & Staples Retailing – 0.6% | ||||||||
500 | US Foods, Inc., New Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BB- | 494,193 | |
Health Care Equipment & Supplies – 1.8% | ||||||||
1,446 | Greatbatch Ltd., New Term Loan B, (DD1) | 3.500% | 1-Month LIBOR | 2.500% | 10/27/22 | B+ | 1,450,335 | |
Health Care Providers & Services – 3.8% | ||||||||
250 | Air Methods, Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | B | 242,579 |
5
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments March 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (4) | Reference Rate (4) | Spread (4) | Maturity (5) | Ratings (2) | Value | |
Health Care Providers & Services (continued) | ||||||||
$398 | ATI Holdings Acquisition, Inc., Term Loan | 3.703% | 6-Month LIBOR | 3.500% | 5/10/23 | B2 | $398,408 | |
742 | ExamWorks Group, Inc., Term Loan, (DD1) | 4.250% | 3-Month LIBOR | 3.250% | 7/27/23 | B1 | 742,886 | |
684 | Gates Global LLC., Initial Dollar Term Loan B3, (DD1) | 3.500% | 1-Month LIBOR | 2.750% | 3/31/27 | B+ | 683,239 | |
977 | Team Health, Inc., Initial Term Loan | 3.750% | 1-Month LIBOR | 2.750% | 2/06/24 | B | 911,482 | |
3,051 | Total Health Care Providers & Services | 2,978,594 | ||||||
Health Care Technology – 1.5% | ||||||||
637 | Emdeon, Inc., Term Loan | 3.500% | 3-Month LIBOR | 2.500% | 3/01/24 | B+ | 637,330 | |
19 | Emdeon, Inc., Term Loan | 3.500% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 19,010 | |
500 | IQVIA Inc., Term Loan B1 | 1.859% | 1-Month LIBOR | 1.750% | 3/07/24 | BBB- | 498,500 | |
1,156 | Total Health Care Technology | 1,154,840 | ||||||
Hotels, Restaurants & Leisure – 2.7% | ||||||||
711 | Boyd Gaming Corporation, Refinancing Term Loan B | 2.331% | 1-Week LIBOR | 2.250% | 9/15/23 | BB | 710,689 | |
95 | CDS U.S. Intermediate Holdings, Inc., Term Loan, First Lien | 7.000% | 3-Month LIBOR | 6.000% | 11/24/25 | B | 94,554 | |
84 | CDS U.S. Intermediate Holdings, Inc., Term Loan, Second Lien | 2.000% | 3-Month LIBOR | 1.000% | 11/24/27 | CCC | 78,946 | |
295 | CityCenter Holdings LLC, Term Loan B | 3.000% | 1-Month LIBOR | 2.250% | 4/18/24 | B+ | 292,032 | |
500 | Golden Nugget LLC, Initial Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B | 493,083 | |
489 | Travel Leaders Group, LLC, Term Loan B | 4.109% | 1-Month LIBOR | 4.000% | 1/25/24 | CCC | 459,518 | |
2,174 | Total Hotels, Restaurants & Leisure | 2,128,822 | ||||||
Household Durables – 0.0% | ||||||||
8 | Wilsonart LLC Term Loan B | 4.250% | 3-Month LIBOR | 3.250% | 12/19/23 | B+ | 7,583 | |
Household Products – 0.2% | ||||||||
188 | Reynolds Group Holdings, Inc., Term Loan, First Lien | 2.859% | 1-Month LIBOR | 2.750% | 2/05/23 | B+ | 187,765 | |
Insurance – 1.1% | ||||||||
267 | Asurion LLC, Term Loan B6 | 3.109% | 1-Month LIBOR | 3.000% | 11/03/23 | Ba3 | 265,777 | |
635 | USI Holdings Corporation, Initial Term Loan | 3.203% | 3-Month LIBOR | 3.000% | 5/16/24 | B | 628,895 | |
902 | Total Insurance | 894,672 | ||||||
IT Services – 1.4% | ||||||||
249 | Syniverse Holdings, Inc., Term Loan C | 6.000% | 3-Month LIBOR | 5.000% | 3/09/23 | CCC+ | 246,454 | |
635 | Tempo Acquisition LLC, Term Loan B | 2.859% | 1-Month LIBOR | 2.750% | 5/01/24 | B1 | 634,639 | |
249 | Xerox Business Services LLC, Term Loan B | 2.609% | 1-Month LIBOR | 2.500% | 12/07/23 | BB- | 246,587 | |
1,133 | Total IT Services | 1,127,680 | ||||||
Machinery – 0.8% | ||||||||
594 | Blount International, Inc., Term Loan B | 4.750% | 1-Month LIBOR | 3.750% | 4/12/23 | B2 | 596,547 |
6
Principal Amount (000) | Description (1) | Coupon (4) | Reference Rate (4) | Spread (4) | Maturity (5) | Ratings (2) | Value | |
Media – 3.6% | ||||||||
$941 | Array Canada Inc., Term Loan B | 6.000% | 3-Month LIBOR | 5.000% | 2/10/23 | Caa1 | $554,823 | |
1,000 | Gray Television, Inc., Term Loan B2, (DD1) | 2.365% | 1-Month LIBOR | 2.250% | 2/07/24 | BB | 995,155 | |
791 | Nexstar Broadcasting, Inc., Term Loan B3 | 2.360% | 1-Month LIBOR | 2.250% | 1/17/24 | BB | 786,946 | |
500 | WideOpenWest Finance LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B | 499,845 | |
3,232 | Total Media | 2,836,769 | ||||||
Pharmaceuticals – 0.5% | ||||||||
360 | Endo Health Solutions, Inc., Term Loan B | 5.000% | 3-Month LIBOR | 4.250% | 4/29/24 | B+ | 356,864 | |
Professional Services – 1.6% | ||||||||
736 | CHG Healthcare Services Inc., Term Loan B, First Lien, (DD1) | 4.000% | 6-Month LIBOR | 3.000% | 6/07/23 | B | 735,076 | |
500 | Nielsen Finance LLC, Term Loan B4, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 499,845 | |
1,236 | Total Professional Services | 1,234,921 | ||||||
Real Estate Management & Development – 0.6% | ||||||||
500 | GGP, Initial Term Loan A2 | 3.109% | 1-Month LIBOR | 3.000% | 8/24/23 | BB+ | 489,125 | |
Road & Rail – 2.4% | ||||||||
99 | Hertz Corporation, (The) DIP Delayed Draw Term Loan, (6) | 8.250% | 3-Month LIBOR | 7.250% | 12/31/21 | N/R | 100,173 | |
554 | Hertz Corporation, (The) DIP Delayed Draw Term Loan, (6) | 8.250% | 1-Month LIBOR | 7.250% | 12/31/21 | N/R | 560,566 | |
1,227 | Hertz Corporation, Term Loan B1, (7) | 3.500% | 1-Month LIBOR | 2.750% | 6/30/23 | N/R | 1,233,868 | |
1,880 | Total Road & Rail | 1,894,607 | ||||||
Semiconductors & Semiconductor Equipment – 0.6% | ||||||||
500 | MACOM Technology Solutions Holdings Inc., Initial Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | Ba2 | 497,917 | |
Specialty Retail – 1.3% | ||||||||
500 | Camping World, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BB- | 498,820 | |
500 | Jo-Ann Stores, Inc., Term Loan, (DD1) | 6.000% | 3-Month LIBOR | 5.000% | 10/16/23 | B2 | 499,062 | |
1,000 | Total Specialty Retail | 997,882 | ||||||
Technology Hardware, Storage & Peripherals – 0.6% | ||||||||
495 | Diebold, Inc., Term Loan B | 2.875% | 1-Month LIBOR | 2.750% | 11/06/23 | B- | 487,932 | |
$27,002 | Total Variable Rate Senior Loan Interests (cost $26,703,574) | 26,407,653 |
7
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments March 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
CONVERTIBLE BONDS – 2.9% (2.1% of Total Investments) | ||||||||
Media – 1.6% | ||||||||
$1,275 | DISH Network Corp | 2.375% | 3/15/24 | B1 | $1,225,594 | |||
Mortgage Real Estate Investment Trust – 1.3% | ||||||||
500 | Blackstone Mortgage Trust Inc | 4.750% | 3/15/23 | N/R | 511,900 | |||
500 | Starwood Property Trust Inc | 4.375% | 4/01/23 | B+ | 520,950 | |||
1,000 | Total Mortgage Real Estate Investment Trust | 1,032,850 | ||||||
$2,275 | Total Convertible Bonds (cost $2,135,095) | 2,258,444 |
Shares | Description (1) | Value | ||||||
COMMON STOCKS – 0.1% (0.1% of Total Investments) | ||||||||
Hotels, Restaurants & Leisure – 0.1% | ||||||||
16,534 | Cirque Du Soleil Holding USA Newco Inc, (8), (9) | $123,178 | ||||||
Total Common Stocks (cost $84,432) | 123,178 | |||||||
Total Long-Term Investments (cost $89,940,973) | 92,512,765 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||
SHORT-TERM INVESTMENTS – 19.2% (14.1% of Total Investments) | ||||||||
REPURCHASE AGREEMENTS – 19.2% (14.1% of Total Investments) | ||||||||
$15,142 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $15,142,191, collateralized by $15,443,300, U.S. Treasury Notes, 0.125%, due 9/30/22, value $15,445,107 | 0.000% | 4/01/21 | $15,142,191 | ||||
Total Short-Term Investments (cost $15,142,191) | 15,142,191 | |||||||
Total Investments (cost $105,083,164) – 136.6% | 107,654,956 | |||||||
Borrowings – (31.1)% (10), (11) | (24,525,000) | |||||||
Other Assets Less Liabilities – (5.5)% | (4,343,004) | |||||||
Net Assets Applicable to Common Shares – 100% | $78,786,952 |
8
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 | $ — | $63,723,490 | $ — | $63,723,490 |
Variable Rate Senior Loan Interests | — | 26,407,653 | — | 26,407,653 |
Convertible Bonds | — | 2,258,444 | — | 2,258,444 |
Common Stocks | — | 123,178 | — | 123,178 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 15,142,191 | — | 15,142,191 |
Total | $ — | $107,654,956 | $ — | $107,654,956 |
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JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments March 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) | 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. | |
(3) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(4) | 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. | |
(5) | 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. | |
(6) | Investment, or portion of investment, represents an outstanding unfunded senior loan commitment. | |
(7) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(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) | Borrowings as a percentage of Total Investments is 22.8%. | |
(11) | The Fund may pledge up to 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings. | |
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 | |
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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