JHAA
Nuveen Corporate Income 2023
Target Term Fund
Portfolio of Investments September 30, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
LONG-TERM INVESTMENTS – 127.2% (86.4% of Total Investments) | ||||||||
CORPORATE BONDS – 87.8% (59.6% of Total Investments) | ||||||||
Airlines – 1.3% | ||||||||
$1,000 | United Airlines Holdings Inc | 5.000% | 2/01/24 | Ba3 | $1,030,000 | |||
Auto Components – 1.6% | ||||||||
975 | Icahn Enterprises LP / Icahn Enterprises Finance Corp | 6.750% | 2/01/24 | BB | 987,187 | |||
250 | ZF North America Capital Inc, 144A | 4.500% | 4/29/22 | BB+ | 253,438 | |||
1,225 | Total Auto Components | 1,240,625 | ||||||
Automobiles – 6.1% | ||||||||
2,000 | Ford Motor Credit Co LLC | 3.370% | 11/17/23 | BB+ | 2,049,800 | |||
2,550 | Ford Motor Credit Co LLC | 5.584% | 3/18/24 | BB+ | 2,740,842 | |||
4,550 | Total Automobiles | 4,790,642 | ||||||
Chemicals – 2.7% | ||||||||
2,025 | NOVA Chemicals Corp, 144A | 4.875% | 6/01/24 | BB- | 2,116,125 | |||
Commercial Services & Supplies – 5.7% | ||||||||
1,475 | ADT Security Corp | 4.125% | 6/15/23 | BB- | 1,543,248 | |||
2,750 | Prime Security Services Borrower LLC / Prime Finance Inc, 144A | 5.250% | 4/15/24 | BB- | 2,933,013 | |||
4,225 | Total Commercial Services & Supplies | 4,476,261 | ||||||
Consumer Finance – 5.0% | ||||||||
500 | Navient Corp | 5.500% | 1/25/23 | Ba3 | 522,500 | |||
1,300 | Navient Corp | 7.250% | 9/25/23 | Ba3 | 1,417,676 | |||
500 | Navient Corp | 6.125% | 3/25/24 | Ba3 | 535,375 | |||
1,300 | OneMain Finance Corp | 8.250% | 10/01/23 | Ba2 | 1,452,789 | |||
3,600 | Total Consumer Finance | 3,928,340 | ||||||
Containers & Packaging – 2.4% | ||||||||
1,000 | OI European Group BV, 144A | 4.000% | 3/15/23 | B+ | 1,020,000 | |||
850 | Sealed Air Corp, 144A | 5.250% | 4/01/23 | BB+ | 888,250 | |||
1,850 | Total Containers & Packaging | 1,908,250 | ||||||
Diversified Financial Services – 0.9% | ||||||||
300 | Park Aerospace Holdings Ltd, 144A | 4.500% | 3/15/23 | BBB- | 313,482 | |||
350 | Park Aerospace Holdings Ltd, 144A | 5.500% | 2/15/24 | BBB- | 381,936 | |||
650 | Total Diversified Financial Services | 695,418 | ||||||
Diversified Telecommunication Services – 2.1% | ||||||||
1,500 | Lumen Technologies Inc | 6.750% | 12/01/23 | BB | 1,644,375 |
1
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Electric Utilities – 3.3% | ||||||||
$1,500 | Pacific Gas and Electric Co | 1.750% | 6/16/22 | BBB- | $1,497,573 | |||
1,100 | TerraForm Power Operating LLC, 144A | 4.250% | 1/31/23 | BB | 1,130,250 | |||
2,600 | Total Electric Utilities | 2,627,823 | ||||||
Equity Real Estate Investment Trust – 1.7% | ||||||||
750 | GLP Capital LP / GLP Financing II Inc | 5.375% | 11/01/23 | BBB- | 810,650 | |||
500 | Starwood Property Trust Inc, 144A | 5.500% | 11/01/23 | BB+ | 524,490 | |||
1,250 | Total Equity Real Estate Investment Trust | 1,335,140 | ||||||
Food & Staples Retailing – 2.3% | ||||||||
1,750 | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 144A | 3.500% | 2/15/23 | BB | 1,789,620 | |||
Gas Utilities – 1.2% | ||||||||
900 | AmeriGas Partners LP / AmeriGas Finance Corp | 5.625% | 5/20/24 | BB | 974,250 | |||
Health Care Providers & Services – 2.7% | ||||||||
118 | Encompass Health Corp | 5.125% | 3/15/23 | B+ | 118,000 | |||
500 | HCA Inc | 5.875% | 5/01/23 | Baa3 | 537,510 | |||
500 | Molina Healthcare Inc | 5.375% | 11/15/22 | BB- | 515,475 | |||
850 | Tenet Healthcare Corp | 6.750% | 6/15/23 | B- | 916,300 | |||
1,968 | Total Health Care Providers & Services | 2,087,285 | ||||||
Hotels, Restaurants & Leisure – 4.4% | ||||||||
2,500 | MGM Resorts International | 6.000% | 3/15/23 | Ba3 | 2,643,600 | |||
850 | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp, 144A | 4.250% | 5/30/23 | BB- | 856,375 | |||
3,350 | Total Hotels, Restaurants & Leisure | 3,499,975 | ||||||
Household Durables – 4.1% | ||||||||
1,250 | KB Home | 7.625% | 5/15/23 | BB | 1,331,250 | |||
1,785 | Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc, 144A | 5.625% | 3/01/24 | BB | 1,924,783 | |||
3,035 | Total Household Durables | 3,256,033 | ||||||
Media – 5.1% | ||||||||
340 | AMC Networks Inc | 5.000% | 4/01/24 | BB | 343,825 | |||
375 | CCO Holdings LLC / CCO Holdings Capital Corp, 144A | 4.000% | 3/01/23 | BB+ | 376,755 | |||
2,350 | CSC Holdings LLC | 5.250% | 6/01/24 | B+ | 2,517,273 | |||
750 | DISH DBS Corp | 5.000% | 3/15/23 | B2 | 777,187 | |||
3,815 | Total Media | 4,015,040 | ||||||
Metals & Mining – 6.6% | ||||||||
850 | Commercial Metals Co | 4.875% | 5/15/23 | BB+ | 889,312 | |||
1,250 | First Quantum Minerals Ltd, 144A | 6.500% | 3/01/24 | B | 1,265,625 | |||
2,375 | FMG Resources August 2006 Pty Ltd, 144A | 5.125% | 5/15/24 | BB+ | 2,536,025 |
2
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Metals & Mining (continued) | ||||||||
$500 | Freeport-McMoRan Inc | 3.875% | 3/15/23 | BB+ | $515,850 | |||
4,975 | Total Metals & Mining | 5,206,812 | ||||||
Oil, Gas & Consumable Fuels – 19.3% | ||||||||
550 | Buckeye Partners LP | 4.150% | 7/01/23 | BB | 566,500 | |||
533 | Calumet Specialty Products Partners LP / Calumet Finance Corp | 7.625% | 1/15/22 | B- | 530,335 | |||
500 | Calumet Specialty Products Partners LP / Calumet Finance Corp | 7.750% | 4/15/23 | B- | 495,625 | |||
225 | Continental Resources Inc | 4.500% | 4/15/23 | BBB- | 233,156 | |||
500 | Continental Resources Inc | 3.800% | 6/01/24 | BBB- | 525,400 | |||
794 | Energean Israel Finance Ltd, Reg S | 4.500% | 3/30/24 | BB- | 810,161 | |||
250 | Energy Transfer LP | 5.875% | 1/15/24 | BBB- | 274,756 | |||
500 | EnLink Midstream Partners LP | 4.400% | 4/01/24 | BB+ | 519,710 | |||
500 | EQM Midstream Partners LP | 4.750% | 7/15/23 | BB | 522,150 | |||
1,500 | Leviathan Bond Ltd, Reg S, 144A | 5.750% | 6/30/23 | BB | 1,560,113 | |||
1,000 | NAK Naftogaz Ukraine via Kondor Finance PLC, Reg S | 7.375% | 7/19/22 | B | 1,016,510 | |||
1,750 | Occidental Petroleum Corp | 2.700% | 2/15/23 | BB | 1,771,088 | |||
1,000 | Petroleos Mexicanos | 4.875% | 1/18/24 | BBB | 1,040,790 | |||
1,000 | Range Resources Corp | 5.000% | 3/15/23 | B2 | 1,037,500 | |||
300 | Sasol Financing International Ltd | 4.500% | 11/14/22 | BB | 306,794 | |||
1,000 | SM Energy Co | 5.000% | 1/15/24 | B | 995,000 | |||
1,000 | Southwestern Energy Co | 4.100% | 3/15/22 | BB | 1,002,500 | |||
270 | Western Midstream Operating LP | 4.000% | 7/01/22 | BB+ | 274,112 | |||
1,750 | Western Midstream Operating LP, (3-Month LIBOR reference rate + 2.100% spread), (3) | 2.229% | 1/13/23 | BB+ | 1,750,000 | |||
14,922 | Total Oil, Gas & Consumable Fuels | 15,232,200 | ||||||
Pharmaceuticals – 1.7% | ||||||||
1,300 | Teva Pharmaceutical Finance Netherlands III BV | 6.000% | 4/15/24 | Ba2 | 1,368,250 | |||
Real Estate Management & Development – 0.8% | ||||||||
600 | Realogy Group LLC / Realogy Co-Issuer Corp, 144A | 4.875% | 6/01/23 | B | 621,000 | |||
Technology Hardware, Storage & Peripherals – 1.1% | ||||||||
500 | Diebold Nixdorf Inc | 8.500% | 4/15/24 | Caa1 | 510,625 | |||
375 | EMC Corp | 3.375% | 6/01/23 | BBB | 387,187 | |||
875 | Total Technology Hardware, Storage & Peripherals | 897,812 | ||||||
Textiles, Apparel & Luxury Goods – 3.8% | ||||||||
2,825 | Hanesbrands Inc, 144A | 4.625% | 5/15/24 | BB | 2,978,341 |
3
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Trading Companies & Distributors – 1.1% | ||||||||
$400 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 4.500% | 9/15/23 | BBB | $426,164 | |||
400 | Aircastle Ltd | 4.400% | 9/25/23 | BBB | 425,949 | |||
800 | Total Trading Companies & Distributors | 852,113 | ||||||
Wireless Telecommunication Services – 0.8% | ||||||||
525 | Sprint Corp | 7.875% | 9/15/23 | BB+ | 586,609 | |||
$66,115 | Total Corporate Bonds (cost $66,845,152) | 69,158,339 |
Principal Amount (000) | Description (1) | Coupon (4) | Reference Rate (4) | Spread (4) | Maturity (5) | Ratings (2) | Value | |
VARIABLE RATE SENIOR LOAN INTERESTS – 35.6% (24.2% of Total Investments) (4) | ||||||||
Beverages – 0.8% | ||||||||
$620 | Arctic Glacier U.S.A., Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 3/20/24 | CCC+ | $592,434 | |
Capital Markets – 0.6% | ||||||||
466 | Lions Gate Capital Holdings LLC, Term Loan A | 1.834% | 1-Month LIBOR | 1.750% | 3/22/23 | Ba2 | 463,992 | |
Chemicals – 4.7% | ||||||||
1,245 | Axalta Coating Systems US Holdings Inc., Term Loan B3, (DD1) | 1.882% | 3-Month LIBOR | 1.750% | 6/01/24 | BBB- | 1,242,971 | |
992 | Ineos US Finance LLC, Term Loan B | 2.110% | 2-Month LIBOR | 2.000% | 3/31/24 | BBB- | 987,303 | |
1,500 | Minerals Technologies Inc., Term Loan B | 3.000% | 1-Month LIBOR | 2.250% | 2/14/24 | BB+ | 1,503,750 | |
3,737 | Total Chemicals | 3,734,024 | ||||||
Commercial Services & Supplies – 0.2% | ||||||||
177 | R.R. Donnelley & Sons Company, Term Loan B | 5.084% | 1-Month LIBOR | 5.000% | 1/15/24 | B+ | 177,450 | |
Food & Staples Retailing – 2.4% | ||||||||
1,897 | US Foods, Inc., Term Loan B, (DD1) | 1.834% | 1-Month LIBOR | 1.750% | 6/27/23 | BB- | 1,887,882 | |
Health Care Providers & Services – 2.8% | ||||||||
497 | Air Methods Corporation, Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 4/21/24 | B | 493,497 | |
738 | ExamWorks Group, Inc., Term Loan | 4.250% | 1-Month LIBOR | 3.250% | 7/27/23 | B1 | 738,816 | |
974 | Team Health Holdings, Inc., Term Loan, First Lien | 3.750% | 1-Month LIBOR | 2.750% | 2/06/24 | B | 952,627 | |
2,209 | Total Health Care Providers & Services | 2,184,940 | ||||||
Health Care Technology – 5.2% | ||||||||
1,113 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 3-Month LIBOR | 2.500% | 3/01/24 | B+ | 1,113,328 | |
10 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 9,931 |
4
Principal Amount (000) | Description (1) | Coupon (4) | Reference Rate (4) | Spread (4) | Maturity (5) | Ratings (2) | Value | |
Health Care Technology (continued) | ||||||||
$2,953 | IQVIA Inc., Term Loan B1 | 1.834% | 1-Month LIBOR | 1.750% | 3/07/24 | BBB- | $2,954,693 | |
4,076 | Total Health Care Technology | 4,077,952 | ||||||
Hotels, Restaurants & Leisure – 4.9% | ||||||||
1,949 | Boyd Gaming Corporation, Term Loan B3 | 2.322% | 1-Week LIBOR | 2.250% | 9/15/23 | BB | 1,949,262 | |
95 | CDS U.S. Intermediate Holdings, Inc., Term Loan, First Lien | 7.000% | 3-Month LIBOR | 6.000% | 11/24/25 | B | 94,534 | |
88 | CDS U.S. Intermediate Holdings, Inc., Term Loan, Second Lien | 2.000% | 3-Month LIBOR | 1.000% | 11/24/27 | CCC | 87,577 | |
250 | Cedar Fair, L.P., Term Loan B | 1.834% | 1-Month LIBOR | 1.750% | 4/13/24 | Ba2 | 246,875 | |
994 | Golden Nugget, Inc., Term Loan B | 3.250% | 2-Month LIBOR | 2.500% | 10/04/23 | B | 990,929 | |
486 | Travel Leaders Group, LLC, Term Loan B | 4.084% | 1-Month LIBOR | 4.000% | 1/25/24 | CCC | 456,402 | |
3,862 | Total Hotels, Restaurants & Leisure | 3,825,579 | ||||||
Insurance – 1.7% | ||||||||
228 | Asurion LLC, Term Loan B6 | 3.209% | 1-Month LIBOR | 3.125% | 11/03/23 | Ba3 | 227,569 | |
1,131 | USI, Inc., Repriced Term Loan | 3.132% | 3-Month LIBOR | 3.000% | 5/16/24 | B | 1,124,342 | |
1,359 | Total Insurance | 1,351,911 | ||||||
IT Services – 1.0% | ||||||||
747 | Syniverse Holdings, Inc., Term Loan, First Lien | 6.000% | 3-Month LIBOR | 5.000% | 3/09/23 | CCC+ | 747,796 | |
75 | Tempo Acquisition LLC, Non-Extended Term Loan | 2.834% | 1-Month LIBOR | 2.750% | 5/01/24 | BB- | 75,402 | |
822 | Total IT Services | 823,198 | ||||||
Machinery – 0.8% | ||||||||
591 | Blount International Inc., Term Loan B | 4.750% | 1-Month LIBOR | 3.750% | 4/12/23 | B2 | 592,913 | |
Media – 4.7% | ||||||||
1,000 | Gray Television, Inc., Term Loan B | 2.336% | 1-Month LIBOR | 2.250% | 2/07/24 | BB+ | 999,535 | |
1,396 | Nexstar Broadcasting, Inc., Term Loan B3 | 2.334% | 1-Month LIBOR | 2.250% | 1/17/24 | BBB- | 1,396,223 | |
842 | Univision Communications Inc., Term Loan, First Lien B | 4.000% | 1-Month LIBOR | 3.250% | 3/24/26 | B2 | 842,353 |
5
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (4) | Reference Rate (4) | Spread (4) | Maturity (5) | Ratings (2) | Value | |
Media (continued) | ||||||||
$504 | WideOpenWest Finance LLC, Term Loan B | 4.250% | 1-Month LIBOR | 3.250% | 8/19/23 | B | $504,525 | |
3,742 | Total Media | 3,742,636 | ||||||
Professional Services – 4.4% | ||||||||
3,500 | Nielsen Finance LLC, Term Loan B4, (DD1) | 2.083% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB- | 3,499,353 | |
Semiconductors & Semiconductor Equipment – 0.1% | ||||||||
107 | MACOM Technology Solutions Holdings, Inc., Term Loan | 2.334% | 1-Month LIBOR | 2.250% | 5/19/24 | BB | 106,702 | |
Technology Hardware, Storage & Peripherals – 1.3% | ||||||||
991 | Diebold, Incorporated, Term Loan B | 2.875% | 1-Month LIBOR | 2.750% | 11/06/23 | B2 | 990,913 | |
3 | Diebold, Incorporated, Term Loan B | 2.875% | 3-Month LIBOR | 2.750% | 11/06/23 | B2 | 3,041 | |
994 | Total Technology Hardware, Storage & Peripherals | 993,954 | ||||||
$28,159 | Total Variable Rate Senior Loan Interests (cost $27,935,056) | 28,054,920 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
CONVERTIBLE BONDS – 3.8% (2.6% of Total Investments) | ||||||||
Media – 1.5% | ||||||||
$1,275 | DISH Network Corp, 144A | 2.375% | 3/15/24 | B1 | $1,242,328 | |||
Mortgage Real Estate Investment Trust – 2.3% | ||||||||
1,250 | Blackstone Mortgage Trust Inc | 4.750% | 3/15/23 | N/R | 1,271,030 | |||
500 | Starwood Property Trust Inc | 4.375% | 4/01/23 | BB+ | 524,129 | |||
1,750 | Total Mortgage Real Estate Investment Trust | 1,795,159 | ||||||
$3,025 | Total Convertible Bonds (cost $2,927,552) | 3,037,487 | ||||||
Total Long-Term Investments (cost $97,707,760) | 100,250,746 |
6
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||||
SHORT-TERM INVESTMENTS – 20.0% (13.6% of Total Investments) | ||||||||
REPURCHASE AGREEMENTS – 20.0% (13.6% of Total Investments) | ||||||||
$15,731 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/21, repurchase price $15,730,727, collateralized by $15,315,500, U.S. Treasury Bonds, 2.250%, due 5/15/41, value $16,045,383 | 0.000% | 10/01/21 | $15,730,727 | ||||
Total Short-Term Investments (cost $15,730,727) | 15,730,727 | |||||||
Total Investments (cost $113,438,487) – 147.2% | 115,981,473 | |||||||
Borrowings – (31.1)% (6), (7) | (24,525,000) | |||||||
Other Assets Less Liabilities – (16.1)% | (12,683,869) | |||||||
Net Assets Applicable to Common Shares – 100% | $78,772,604 |
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 | $ — | $69,158,339 | $ — | $69,158,339 |
Variable Rate Senior Loan Interests | — | 28,054,920 | — | 28,054,920 |
Convertible Bonds | — | 3,037,487 | — | 3,037,487 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 15,730,727 | — | 15,730,727 |
Total | $ — | $115,981,473 | $ — | $115,981,473 |
7
JHAA | Nuveen Corporate Income 2023 Target Term Fund (continued) |
Portfolio of Investments September 30, 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) | Borrowings as a percentage of Total Investments is 21.1%. | |
(7) | 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 | |
Reg S | Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States. |
8