| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| LONG-TERM INVESTMENTS – 158.2% (94.2% of Total Investments) | ||||||||
| VARIABLE RATE SENIOR LOAN INTERESTS – 126.6% (75.4% of Total Investments) (2) | ||||||||
| Aerospace & Defense – 1.3% (0.7% of Total Investments) | ||||||||
| $2,231 | Rexnord LLC, Term Loan, First Lien | 3.786% | 1-Month LIBOR | 2.000% | 8/21/24 | BBB- | $2,245,827 | |
| 11,820 | Transdigm, Inc., Term Loan E | 4.286% | 1-Month LIBOR | 2.500% | 5/30/25 | Ba3 | 11,745,475 | |
| 14,051 | Total Aerospace & Defense | 13,991,302 | ||||||
| Airlines – 4.2% (2.5% of Total Investments) | ||||||||
| 2,908 | American Airlines, Inc., Replacement Term Loan | 3.939% | 1-Month LIBOR | 2.000% | 10/10/21 | BB+ | 2,912,613 | |
| 12,595 | American Airlines, Inc., Term Loan 2025 | 3.554% | 1-Month LIBOR | 1.750% | 6/27/25 | BB+ | 12,494,926 | |
| 7,760 | American Airlines, Inc., Term Loan B | 3.805% | 1-Month LIBOR | 2.000% | 4/28/23 | BB+ | 7,763,026 | |
| 3,438 | American Airlines, Inc., Term Loan B | 3.921% | 1-Month LIBOR | 2.000% | 12/14/23 | BB+ | 3,438,294 | |
| 14,596 | United Air Lines, Inc., Term Loan B | 3.536% | 1-Month LIBOR | 1.750% | 4/01/24 | BBB- | 14,650,188 | |
| 5,000 | WestJet Airlines, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | Ba2 | 5,030,225 | |
| 46,297 | Total Airlines | 46,289,272 | ||||||
| Auto Components – 0.8% (0.5% of Total Investments) | ||||||||
| 9,000 | Johnson Controls Inc., Term Loan B | 5.300% | 1-Month LIBOR | 3.500% | 4/30/26 | BB | 8,898,750 | |
| Automobiles – 1.3% (0.8% of Total Investments) | ||||||||
| 14,738 | Navistar, Inc., Term Loan B | 5.420% | 1-Month LIBOR | 3.500% | 11/06/24 | Ba2 | 14,617,831 | |
| Beverages – 1.2% (0.7% of Total Investments) | ||||||||
| 12,846 | Jacobs Douwe Egberts, Term Loan B | 3.813% | 1-Month LIBOR | 1.750% | 11/01/25 | BB | 12,888,007 | |
| Building Products – 2.1% (1.2% of Total Investments) | ||||||||
| 5,107 | Advanced Drainage Systems, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | Ba1 | 5,135,871 | |
| 17,766 | Quikrete Holdings, Inc., Term Loan B | 4.536% | 1-Month LIBOR | 2.750% | 11/15/23 | BB- | 17,719,098 | |
| 22,873 | Total Building Products | 22,854,969 | ||||||
| Capital Markets – 2.8% (1.7% of Total Investments) | ||||||||
| 11,111 | Capital Automotive LP, Term Loan, First Lien | 4.290% | 1-Month LIBOR | 2.500% | 3/24/24 | B1 | 11,120,646 | |
| 20,297 | RPI Finance Trust, Term Loan B6, (5) | 3.786% | 1-Month LIBOR | 2.000% | 4/17/23 | BBB- | 20,411,647 | |
| 31,408 | Total Capital Markets | 31,532,293 | ||||||
| Chemicals – 1.8% (1.1% of Total Investments) | ||||||||
| 13,627 | Axalta Coating Systems, Term Loan, First Lien | 3.854% | 3-Month LIBOR | 1.750% | 6/01/24 | Ba1 | 13,628,483 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Chemicals (continued) | ||||||||
| $6,034 | Ineos US Finance LLC, Term Loan | 3.786% | 1-Month LIBOR | 2.000% | 3/31/24 | BBB- | $5,981,079 | |
| 19,661 | Total Chemicals | 19,609,562 | ||||||
| Commercial Services & Supplies – 5.1% (3.1% of Total Investments) | ||||||||
| 18,030 | ADS Waste Holdings, Inc., Term Loan B | 4.086% | 1-Week LIBOR | 2.250% | 11/10/23 | BB+ | 18,084,579 | |
| 3,000 | Fleet U.S. Bidco Inc., Term Loan B | 5.235% | 6-Month LIBOR | 3.250% | 9/25/26 | B2 | 3,007,500 | |
| 15,123 | Formula One Group, Term Loan B | 4.286% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 14,937,159 | |
| 5,680 | Garda World Security Corp, Term Loan B, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 5,657,507 | |
| 15,295 | Trans Union LLC, Term Loan B3 | 3.786% | 1-Month LIBOR | 2.000% | 4/07/23 | BB+ | 15,346,061 | |
| 57,128 | Total Commercial Services & Supplies | 57,032,806 | ||||||
| Communications Equipment – 1.2% (0.7% of Total Investments) | ||||||||
| 1,990 | Avaya, Inc., Term Loan B | 6.171% | 1-Month LIBOR | 4.250% | 12/15/24 | BB- | 1,904,070 | |
| 4,962 | Mitel US Holdings, Inc., Term Loan, First Lien | 6.532% | 1-Month LIBOR | 4.500% | 11/30/25 | B | 4,413,523 | |
| 6,710 | Plantronics, Term Loan B | 4.286% | 1-Month LIBOR | 2.500% | 7/02/25 | Ba1 | 6,684,633 | |
| 13,662 | Total Communications Equipment | 13,002,226 | ||||||
| Containers & Packaging – 1.3% (0.8% of Total Investments) | ||||||||
| 8,479 | Berry Global, Inc., Term Loan U | 4.439% | 1-Month LIBOR | 2.500% | 7/01/26 | BBB- | 8,517,286 | |
| 5,397 | Berry Global, Inc., Term Loan W | 3.878% | 1-Month LIBOR | 2.000% | 10/01/22 | BBB- | 5,420,538 | |
| 865 | Crown Americas, Inc., Term Loan B | 3.997% | 1-Month LIBOR | 2.000% | 4/03/25 | Baa2 | 870,365 | |
| 14,741 | Total Containers & Packaging | 14,808,189 | ||||||
| Diversified Consumer Services – 2.4% (1.4% of Total Investments) | ||||||||
| 4,438 | Cengage Learning Acquisitions, Inc., Term Loan B | 6.036% | 1-Month LIBOR | 4.250% | 6/07/23 | B | 4,145,214 | |
| 4,961 | Houghton Mifflin, Term Loan B, First Lien | 4.786% | 1-Month LIBOR | 3.000% | 5/29/21 | B | 4,942,536 | |
| 16,958 | Refinitiv, Term Loan B | 5.536% | 1-Month LIBOR | 3.750% | 10/01/25 | BB+ | 17,062,252 | |
| 26,357 | Total Diversified Consumer Services | 26,150,002 | ||||||
| Diversified Financial Services – 0.5% (0.3% of Total Investments) | ||||||||
| 5,809 | Ditech Holding Corp., Term Loan, (6) | 0.000% | N/A | N/A | 6/30/22 | D | 2,370,896 | |
| 2,488 | Getty Images, Inc., Initial Dollar Term Loan | 6.313% | 1-Month LIBOR | 4.500% | 2/19/26 | B2 | 2,428,962 | |
| 1,121 | Lions Gate Entertainment Corp., Term Loan B | 4.036% | 1-Month LIBOR | 2.250% | 3/24/25 | Ba2 | 1,091,573 | |
| 9,418 | Total Diversified Financial Services | 5,891,431 | ||||||
| Diversified Telecommunication Services – 5.4% (3.2% of Total Investments) | ||||||||
| 16,021 | CenturyLink, Inc., Initial Term Loan A, (DD1) | 4.536% | 1-Month LIBOR | 2.750% | 11/01/22 | BBB- | 16,073,108 | |
| 1,935 | CenturyLink, Inc., Term Loan B | 4.536% | 1-Month LIBOR | 2.750% | 1/31/25 | BBB- | 1,918,642 | |
| 1,990 | Frontier Communications Corporation, Term Loan B | 5.540% | 1-Month LIBOR | 3.750% | 6/15/24 | B | 1,986,588 |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Diversified Telecommunication Services (continued) | ||||||||
| $11,144 | Level 3 Financing, Inc., Term Loan B, (5) | 4.036% | 1-Month LIBOR | 2.250% | 2/22/24 | BBB- | $11,171,695 | |
| 8,910 | Numericable Group S.A., Term Loan B13 | 5.921% | 1-Month LIBOR | 4.000% | 8/14/26 | B | 8,795,462 | |
| 20,000 | Ziggo B.V., Term Loan E, (5) | 4.421% | 1-Month LIBOR | 2.500% | 4/15/25 | BB | 19,788,200 | |
| 60,000 | Total Diversified Telecommunication Services | 59,733,695 | ||||||
| Electric Utilities – 2.2% (1.3% of Total Investments) | ||||||||
| 11,763 | Vistra Operations Co., Term Loan B1 | 3.786% | 1-Month LIBOR | 2.000% | 8/04/23 | BBB- | 11,815,646 | |
| 12,834 | Vistra Operations Co., Term Loan B3 | 3.889% | 1-Month LIBOR | 2.000% | 12/31/25 | BBB- | 12,891,663 | |
| 24,597 | Total Electric Utilities | 24,707,309 | ||||||
| Entertainment – 0.2% (0.1% of Total Investments) | ||||||||
| 1,990 | AMC Entertainment, Inc., Term Loan B | 5.230% | 6-Month LIBOR | 3.000% | 4/22/26 | Ba2 | 1,991,662 | |
| 500 | NASCAR Holdings, Inc., Term Loan B | 4.628% | 1-Month LIBOR | 2.750% | 10/18/26 | BB | 503,085 | |
| 2,490 | Total Entertainment | 2,494,747 | ||||||
| Equity Real Estate Investment Trust – 0.3% (0.2% of Total Investments) | ||||||||
| 3,045 | Communications Sales & Leasing, Inc., Shortfall Term Loan | 6.786% | 1-Month LIBOR | 5.000% | 10/24/22 | BB | 2,939,297 | |
| Food & Staples Retailing – 3.8% (2.3% of Total Investments) | ||||||||
| 1,882 | Albertson's LLC, Term Loan B7 | 4.536% | 1-Month LIBOR | 2.750% | 11/17/25 | BB | 1,892,959 | |
| 3,012 | Albertson's LLC, Term Loan B8 | 4.536% | 1-Month LIBOR | 2.750% | 8/17/26 | BB | 3,030,666 | |
| 6,000 | Hearthside Group Holdings LLC, Term Loan B | 5.473% | 1-Month LIBOR | 3.688% | 5/31/25 | B | 5,578,740 | |
| 13,706 | JBS USA Holdings, Inc., Term Loan | 4.286% | 1-Month LIBOR | 2.500% | 5/01/26 | BBB- | 13,767,062 | |
| 17,725 | US Foods, Inc., Term Loan B | 3.786% | 1-Month LIBOR | 2.000% | 6/27/23 | BB+ | 17,800,611 | |
| 42,325 | Total Food & Staples Retailing | 42,070,038 | ||||||
| Food Products – 1.0% (0.6% of Total Investments) | ||||||||
| 3,000 | B&G Foods Inc., Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | BB | 3,014,070 | |
| 7,939 | Chobani, Inc., Term Loan B | 5.286% | 1-Month LIBOR | 3.500% | 10/10/23 | B1 | 7,783,341 | |
| 10,939 | Total Food Products | 10,797,411 | ||||||
| Health Care Providers & Services – 8.3% (4.9% of Total Investments) | ||||||||
| 5,152 | Acadia Healthcare, Inc., Term Loan B3 | 4.286% | 1-Month LIBOR | 2.500% | 2/11/22 | Ba2 | 5,165,891 | |
| 7,953 | Albany Molecular Research, Inc., Initial Term Loan, First Lien, (DD1) | 5.036% | 1-Month LIBOR | 3.250% | 8/31/24 | B2 | 7,740,269 | |
| 9,892 | Ardent Health, Term Loan, First Lien | 6.286% | 1-Month LIBOR | 4.500% | 6/28/25 | B1 | 9,908,400 | |
| 7,972 | ATI Holdings Acquisition, Inc., Term Loan, (DD1) | 5.304% | 1-Month LIBOR | 3.500% | 5/10/23 | B1 | 7,670,240 | |
| 12,374 | Brightspring Health, Term Loan B | 6.490% | 1-Month LIBOR | 4.500% | 3/05/26 | B1 | 12,371,674 | |
| 8,147 | Civitas Solutions, Term Loan B, (DD1) | 6.040% | 1-Month LIBOR | 4.250% | 3/08/26 | B1 | 8,166,855 | |
| 468 | Civitas Solutions, Term Loan C | 6.040% | 1-Month LIBOR | 4.250% | 3/08/26 | B1 | 468,957 | |
| 7,000 | Concentra, Inc., Term Loan B | 4.540% | 3-Month LIBOR | 2.500% | 6/01/22 | B+ | 7,014,560 | |
| 12,579 | Kindred at Home Hospice, Term Loan B | 5.563% | 1-Month LIBOR | 3.750% | 7/02/25 | B1 | 12,578,823 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Health Care Providers & Services (continued) | ||||||||
| $4,466 | Lifepoint Health, Inc., Term Loan | 6.304% | 1-Month LIBOR | 4.500% | 11/16/25 | B+ | $4,461,583 | |
| 5,679 | Millennium Laboratories, Inc., Term Loan B, First Lien | 8.286% | 1-Month LIBOR | 6.500% | 12/21/20 | Caa3 | 2,512,740 | |
| 5,262 | Pharmaceutical Product Development, Inc., Term Loan B | 4.286% | 1-Month LIBOR | 2.500% | 8/18/22 | Ba3 | 5,258,259 | |
| 151 | Quorum Health Corp., Term Loan B | 8.677% | 3-Month LIBOR | 6.750% | 4/29/22 | B1 | 145,910 | |
| 8,185 | Select Medical Corporation, Term Loan B | 4.580% | 6-Month LIBOR | 2.500% | 3/06/25 | Ba2 | 8,161,211 | |
| 95,280 | Total Health Care Providers & Services | 91,625,372 | ||||||
| Health Care Technology – 1.8% (1.1% of Total Investments) | ||||||||
| 2,447 | Emdeon, Inc., Term Loan, (5) | 4.286% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 2,435,910 | |
| 8,290 | Onex Carestream Finance LP, Term Loan, First Lien | 7.536% | 1-Month LIBOR | 5.750% | 2/28/21 | B1 | 7,992,182 | |
| 7,954 | Onex Carestream Finance LP, Term Loan, Second Lien | 11.286% | 1-Month LIBOR | 9.500% | 6/07/21 | B- | 7,635,545 | |
| 2,000 | Zelis, Term Loan B | 6.536% | 1-Month LIBOR | 4.750% | 9/30/26 | B | 1,982,500 | |
| 20,691 | Total Health Care Technology | 20,046,137 | ||||||
| Hotels, Restaurants & Leisure – 16.5% (9.8% of Total Investments) | ||||||||
| 2,805 | Aramark Corporation, Term Loan | 3.536% | 1-Month LIBOR | 1.750% | 3/11/25 | BBB- | 2,813,177 | |
| 14,820 | Burger King Corporation, Term Loan B3 | 4.036% | 1-Month LIBOR | 2.250% | 2/16/24 | BB | 14,865,737 | |
| 15,771 | Caesars Entertainment Operating Company, Inc., Term Loan B | 3.786% | 1-Month LIBOR | 2.000% | 10/06/24 | BB | 15,783,034 | |
| 18,176 | Caesars Resort Collection, Term Loan, First Lien | 4.536% | 1-Month LIBOR | 2.750% | 12/22/24 | BB | 17,933,870 | |
| 938 | CCM Merger, Inc., Term Loan B | 4.036% | 1-Month LIBOR | 2.250% | 8/09/21 | BB | 939,669 | |
| 12,434 | Equinox Holdings, Inc., Term Loan B1, (DD1) | 4.786% | 1-Month LIBOR | 3.000% | 3/08/24 | B+ | 12,410,181 | |
| 14,681 | Hilton Hotels, Term Loan B2 | 3.573% | 1-Month LIBOR | 1.750% | 6/21/26 | BBB- | 14,758,783 | |
| 21,829 | Life Time Fitness, Inc., Term Loan B | 4.874% | 3-Month LIBOR | 2.750% | 6/15/22 | BB- | 21,772,956 | |
| 11,910 | Marriott Ownership Resorts, Term Loan B | 4.036% | 1-Month LIBOR | 2.250% | 8/29/25 | BBB- | 11,984,438 | |
| 4,632 | MGM Growth Properties, Term Loan B | 3.786% | 1-Month LIBOR | 2.000% | 3/23/25 | BBB- | 4,651,941 | |
| 12,835 | Scientific Games Corp., Initial Term Loan B5 | 4.536% | 1-Month LIBOR | 2.750% | 8/14/24 | Ba3 | 12,707,556 | |
| 7,763 | Stars Group Holdings, Term Loan B | 5.604% | 3-Month LIBOR | 3.500% | 7/10/25 | B+ | 7,806,202 | |
| 15,376 | Station Casino LLC, Term Loan B | 4.290% | 1-Month LIBOR | 2.500% | 6/08/23 | BB- | 15,412,849 | |
| 17,000 | Whataburger Restaurants, Term Loan B | 5.516% | 3-Month LIBOR | 3.250% | 8/02/26 | B+ | 17,070,805 | |
| 2,475 | Wyndham International, Inc., Term Loan B | 3.536% | 1-Month LIBOR | 1.750% | 5/30/25 | BBB- | 2,489,442 | |
| 9,655 | YUM Brands, Term Loan B | 3.628% | 1-Month LIBOR | 1.750% | 4/03/25 | BBB- | 9,682,916 | |
| 183,100 | Total Hotels, Restaurants & Leisure | 183,083,556 | ||||||
| Household Durables – 1.2% (0.7% of Total Investments) | ||||||||
| 4,402 | Apex Tool Group LLC, Third Amendment Term Loan | 7.286% | 1-Month LIBOR | 5.500% | 8/21/24 | B- | 4,200,125 |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Household Durables (continued) | ||||||||
| $14,311 | Serta Simmons Holdings LLC, Term Loan, First Lien | 5.421% | 1-Month LIBOR | 3.500% | 11/08/23 | CCC+ | $8,522,519 | |
| 18,713 | Total Household Durables | 12,722,644 | ||||||
| Household Products – 2.6% (1.5% of Total Investments) | ||||||||
| 9,555 | Energizer Holdings, Term Loan B | 4.313% | 1-Month LIBOR | 2.250% | 1/02/26 | BB+ | 9,560,972 | |
| 19,118 | Reynolds Group Holdings, Inc., Term Loan, First Lien | 4.536% | 1-Month LIBOR | 2.750% | 2/05/23 | B+ | 19,138,441 | |
| 28,673 | Total Household Products | 28,699,413 | ||||||
| Insurance – 1.2% (0.7% of Total Investments) | ||||||||
| 13,701 | Hub International Holdings, Inc., Term Loan B | 4.940% | 3-Month LIBOR | 3.000% | 4/25/25 | B | 13,423,975 | |
| Interactive Media & Services – 0.7% (0.4% of Total Investments) | ||||||||
| 8,939 | Rackspace Hosting, Inc., Refinancing Term Loan B, First Lien | 5.287% | 3-Month LIBOR | 3.000% | 11/03/23 | BB+ | 7,979,932 | |
| Internet Software & Services – 2.4% (1.4% of Total Investments) | ||||||||
| 17,976 | Ancestry.com, Inc., Term Loan, First Lien | 5.540% | 1-Month LIBOR | 3.750% | 10/19/23 | B | 16,582,460 | |
| 8,722 | Dynatrace, Term Loan, First Lien | 6.750% | Prime | 2.250% | 8/23/25 | B1 | 8,765,964 | |
| 4,000 | SkillSoft Corporation, Term Loan, Second Lien | 10.446% | 6-Month LIBOR | 8.250% | 4/28/22 | C | 1,268,560 | |
| 30,698 | Total Internet Software & Services | 26,616,984 | ||||||
| IT Services – 3.2% (1.9% of Total Investments) | ||||||||
| 18,529 | Sabre, Inc., Term Loan B | 3.786% | 1-Month LIBOR | 2.000% | 2/22/24 | BB | 18,585,064 | |
| 5,128 | Syniverse Holdings, Inc., Term Loan C | 6.921% | 1-Month LIBOR | 5.000% | 3/09/23 | B2 | 4,627,912 | |
| 12,712 | Tempo Acquisition LLC, Term Loan B, (5) | 4.786% | 1-Month LIBOR | 3.000% | 5/01/24 | B1 | 12,738,905 | |
| 36,369 | Total IT Services | 35,951,881 | ||||||
| Life Sciences Tools & Services – 0.4% (0.3% of Total Investments) | ||||||||
| 5,000 | Parexel International Corp., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B2 | 4,783,925 | |
| Machinery – 1.1% (0.7% of Total Investments) | ||||||||
| 12,538 | Gardner Denver, Inc., Term Loan B | 4.536% | 1-Month LIBOR | 2.750% | 7/30/24 | BB+ | 12,579,309 | |
| Marine – 0.2% (0.1% of Total Investments) | ||||||||
| 2,669 | Harvey Gulf International Marine, Inc., Exit Term Loan | 8.034% | 6-Month LIBOR | 6.000% | 7/02/23 | B | 2,121,775 | |
| Media – 13.4% (7.9% of Total Investments) | ||||||||
| 7,013 | Acquisitions Cogeco Cable II L.P., Term Loan, First Lien | 4.036% | 1-Month LIBOR | 2.250% | 1/04/25 | BB- | 7,016,288 | |
| 1,644 | Advantage Sales & Marketing, Inc., Term Loan B2, First Lien, (DD1) | 5.036% | 1-Month LIBOR | 3.250% | 7/25/21 | B2 | 1,527,979 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Media (continued) | ||||||||
| $2,103 | Advantage Sales & Marketing, Inc., Term Loan, First Lien, (DD1) | 5.036% | 1-Month LIBOR | 3.250% | 7/25/21 | B2 | $1,967,900 | |
| 450 | Catalina Marketing Corporation, First Out Loan | 9.346% | 1-Month LIBOR | 7.500% | 2/15/23 | N/R | 373,328 | |
| 585 | Catalina Marketing Corporation, Last Out PIK Term Loan, (cash 2.846%, PIK 9.500%) | 2.846% | 1-Month LIBOR | 1.000% | 8/15/23 | N/R | 257,973 | |
| 9,975 | Cequel Communications LLC, Term Loan B, (DD1) | 4.171% | 1-Month LIBOR | 2.250% | 1/15/26 | BB | 9,922,506 | |
| 10,849 | Charter Communications Operating Holdings LLC, Term Loan B2 | 3.580% | 1-Month LIBOR | 1.750% | 2/01/27 | BBB- | 10,903,720 | |
| 8,991 | Cineworld Group PLC, Term Loan B | 4.036% | 1-Month LIBOR | 2.250% | 2/28/25 | BB- | 8,883,419 | |
| 7,819 | Clear Channel Communications, Inc., Exit Term Loan | 6.032% | 1-Month LIBOR | 4.000% | 5/01/26 | BB- | 7,856,141 | |
| 12,000 | Clear Channel Outdoor Holdings, Inc., Term Loan B | 5.286% | 1-Month LIBOR | 3.500% | 8/21/26 | B+ | 12,037,500 | |
| 11,697 | CSC Holdings, LLC, Term Loan B5 | 4.327% | 2-Month LIBOR | 2.500% | 4/15/27 | BB | 11,707,285 | |
| 3,503 | Cumulus Media, Inc., Term Loan B | 5.536% | 1-Month LIBOR | 3.750% | 3/31/26 | B | 3,524,535 | |
| 7,500 | Gray Television, Inc., Term Loan B2 | 4.261% | 1-Month LIBOR | 2.250% | 2/07/24 | BB+ | 7,526,550 | |
| 4,640 | Gray Television, Inc., Term Loan C, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 4,658,649 | |
| 14,325 | Meredith Corporation, Term Loan B1 | 4.536% | 1-Month LIBOR | 2.750% | 1/31/25 | Ba2 | 14,390,135 | |
| 2,000 | Nexstar Broadcasting, Inc., Term Loan B | 4.554% | 1-Month LIBOR | 2.750% | 9/19/26 | BB | 2,009,860 | |
| 1,755 | Nexstar Broadcasting, Inc., Term Loan B3, (DD1) | 4.282% | 1-Month LIBOR | 2.250% | 1/17/24 | BB | 1,760,093 | |
| 8,832 | Nexstar Broadcasting, Inc., Term Loan B3, (DD1) | 4.050% | 1-Month LIBOR | 2.250% | 1/17/24 | BB | 8,857,801 | |
| 4,924 | Sinclair Television Group, Term Loan B2 | 4.040% | 1-Month LIBOR | 2.250% | 1/03/24 | BB+ | 4,925,602 | |
| 4,243 | Springer SBM Two GmbH, Term Loan B16 | 5.286% | 1-Month LIBOR | 3.500% | 8/24/24 | B2 | 4,218,107 | |
| 12,000 | Virgin Media Investment Holdings Limited, Term Loan N | 4.421% | 1-Month LIBOR | 2.500% | 1/31/28 | BB- | 11,965,620 | |
| 12,096 | WideOpenWest Finance LLC, Term Loan B | 5.054% | 1-Month LIBOR | 3.250% | 8/19/23 | B | 11,644,802 | |
| 148,944 | Total Media | 147,935,793 | ||||||
| Multiline Retail – 0.8% (0.4% of Total Investments) | ||||||||
| 2,092 | Belk, Inc., Term Loan B, First Lien | 6.803% | 6-Month LIBOR | 4.750% | 12/10/22 | B2 | 1,756,753 |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Multiline Retail (continued) | ||||||||
| $6,860 | EG America LLC, Term Loan, First Lien | 6.104% | 3-Month LIBOR | 4.000% | 2/05/25 | B | $6,638,914 | |
| 8,952 | Total Multiline Retail | 8,395,667 | ||||||
| Multi-Utilities – 1.0% (0.6% of Total Investments) | ||||||||
| 12,000 | Pacific Gas & Electric, Revolving Loan, (WI/DD), (6) | TBD | TBD | TBD | TBD | N/R | 11,260,020 | |
| Oil, Gas & Consumable Fuels – 2.3% (1.4% of Total Investments) | ||||||||
| 13,000 | Buckeye Partners, Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 13,075,725 | |
| 2,000 | California Resources Corporation, Term Loan | 12.175% | 1-Month LIBOR | 10.375% | 12/31/21 | B | 1,367,500 | |
| 4,000 | California Resources Corporation, Term Loan B | 6.550% | 1-Month LIBOR | 4.750% | 12/31/22 | B | 3,462,000 | |
| 4,969 | Fieldwood Energy LLC, Exit Term Loan | 7.177% | 3-Month LIBOR | 5.250% | 4/11/22 | BB- | 4,019,948 | |
| 6,896 | Fieldwood Energy LLC, Exit Term Loan, Second Lien | 9.177% | 3-Month LIBOR | 7.250% | 4/11/23 | B+ | 3,620,142 | |
| 30,865 | Total Oil, Gas & Consumable Fuels | 25,545,315 | ||||||
| Personal Products – 2.3% (1.4% of Total Investments) | ||||||||
| 9,471 | Coty, Inc., Term Loan A | 3.478% | 1-Month LIBOR | 1.500% | 4/05/23 | BB- | 9,210,697 | |
| 4,938 | Coty, Inc., Term Loan B | 4.228% | 1-Month LIBOR | 2.250% | 4/05/25 | BB- | 4,784,759 | |
| 15,173 | Revlon Consumer Products Corporation, Term Loan B, First Lien, (DD1) | 5.624% | 3-Month LIBOR | 3.500% | 9/07/23 | B3 | 11,970,980 | |
| 29,582 | Total Personal Products | 25,966,436 | ||||||
| Pharmaceuticals – 2.3% (1.4% of Total Investments) | ||||||||
| 16,536 | Alphabet Holding Company, Inc., Initial Term Loan, First Lien | 5.286% | 1-Month LIBOR | 3.500% | 9/28/24 | B- | 15,143,973 | |
| 7,369 | Valeant Pharmaceuticals International, Inc., Term Loan B | 4.671% | 1-Month LIBOR | 2.750% | 11/27/25 | Ba2 | 7,385,811 | |
| 3,391 | Valeant Pharmaceuticals International, Inc., Term Loan, First Lien | 4.921% | 1-Month LIBOR | 3.000% | 6/02/25 | Ba2 | 3,407,124 | |
| 27,296 | Total Pharmaceuticals | 25,936,908 | ||||||
| Professional Services – 2.5% (1.5% of Total Investments) | ||||||||
| 934 | Ceridian HCM Holding, Inc., Term Loan B | 4.800% | 1-Month LIBOR | 3.000% | 4/30/25 | B | 937,091 | |
| 19,148 | On Assignment, Inc., Term Loan B | 3.786% | 1-Month LIBOR | 2.000% | 4/02/25 | BB | 19,220,225 | |
| 8,860 | Skillsoft Corporation, Initial Term Loan, First Lien | 6.946% | 6-Month LIBOR | 4.750% | 4/28/21 | Caa2 | 7,117,482 | |
| 28,942 | Total Professional Services | 27,274,798 | ||||||
| Real Estate Management & Development – 1.4% (0.9% of Total Investments) | ||||||||
| 2,000 | GGP, Initial Term Loan A1 | 4.036% | 1-Month LIBOR | 2.250% | 8/24/21 | BB+ | 2,005,000 | |
| 6,960 | GGP, Initial Term Loan A2 | 4.036% | 1-Month LIBOR | 2.250% | 8/24/23 | BB+ | 6,868,861 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Real Estate Management & Development (continued) | ||||||||
| $7,175 | GGP, Term Loan B | 4.286% | 1-Month LIBOR | 2.500% | 8/24/25 | BB+ | $7,073,471 | |
| 16,135 | Total Real Estate Management & Development | 15,947,332 | ||||||
| Road & Rail – 0.8% (0.5% of Total Investments) | ||||||||
| 8,806 | Avolon LLC, Term Loan B3 | 3.596% | 1-Month LIBOR | 1.750% | 1/15/25 | Baa2 | 8,852,277 | |
| Semiconductors & Semiconductor Equipment – 2.1% (1.2% of Total Investments) | ||||||||
| 5,841 | Cabot Microelectronics, Term Loan B | 4.063% | 1-Month LIBOR | 2.250% | 11/15/25 | BB+ | 5,873,806 | |
| 3,782 | Lumileds, Term Loan B | 5.604% | 3-Month LIBOR | 3.500% | 6/30/24 | CCC+ | 1,981,622 | |
| 8,911 | Microchip Technology, Inc., Term Loan B | 3.790% | 1-Month LIBOR | 2.000% | 5/29/25 | Baa3 | 8,949,805 | |
| 6,301 | ON Semiconductor Corporation, New Replacement Term Loan B4 | 3.786% | 1-Month LIBOR | 2.000% | 9/19/26 | BB | 6,337,139 | |
| 24,835 | Total Semiconductors & Semiconductor Equipment | 23,142,372 | ||||||
| Software – 12.6% (7.5% of Total Investments) | ||||||||
| 4,297 | Blackboard, Inc., Term Loan B4 | 6.878% | 1-Month LIBOR | 5.000% | 6/18/21 | B- | 4,290,094 | |
| 18,009 | Ellucian, Term Loan B, First Lien | 5.354% | 3-Month LIBOR | 3.250% | 9/30/22 | B | 18,015,492 | |
| 7,962 | Epicor Software Corporation,Term Loan B | 5.040% | 1-Month LIBOR | 3.250% | 6/01/22 | N/R | 7,946,699 | |
| 13,188 | Greeneden U.S. Holdings II LLC, Term Loan B | 5.036% | 1-Month LIBOR | 3.250% | 12/01/23 | B2 | 12,913,779 | |
| 18,095 | Infor (US), Inc., Term Loan B, (5) | 4.854% | 3-Month LIBOR | 2.750% | 2/01/22 | Ba3 | 18,135,122 | |
| 5,338 | Informatica, Term Loan B | 5.036% | 1-Month LIBOR | 3.250% | 8/06/22 | B1 | 5,355,959 | |
| 2,919 | Kronos Incorporated, Term Loan B | 5.253% | 3-Month LIBOR | 3.000% | 11/01/23 | B | 2,916,949 | |
| 15,169 | Kronos Incorporated, Term Loan B, Second Lien | 10.503% | 3-Month LIBOR | 8.250% | 11/01/24 | CCC | 15,336,921 | |
| 7,612 | Micro Focus International PLC, Term Loan B2 | 4.050% | 1-Month LIBOR | 2.250% | 11/30/21 | BB+ | 7,575,062 | |
| 1,213 | Misys, New Term Loan, Second Lien | 9.446% | 6-Month LIBOR | 7.250% | 6/13/25 | CCC+ | 1,138,772 | |
| 13,000 | Press Ganey Holdings, Inc., Term Loan, First Lien | 5.286% | 1-Month LIBOR | 3.500% | 7/26/26 | B | 12,821,250 | |
| 3,910 | RP Crown Parent LLC, Term Loan B | 4.536% | 1-Month LIBOR | 2.750% | 10/12/23 | B1 | 3,911,014 | |
| 5,827 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B3 | 4.036% | 1-Month LIBOR | 2.250% | 4/16/25 | BB+ | 5,849,936 | |
| 3,804 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B4 | 4.036% | 1-Month LIBOR | 2.250% | 4/16/25 | BB+ | 3,818,710 | |
| 4,296 | TIBCO Software, Inc., Term Loan B | 6.000% | 1-Month LIBOR | 4.000% | 7/03/26 | BB- | 4,282,000 | |
| 15,000 | Ultimate Software, Term Loan, First Lien | 5.536% | 1-Month LIBOR | 3.750% | 5/03/26 | B | 15,047,925 | |
| 139,639 | Total Software | 139,355,684 | ||||||
| Specialty Retail – 1.6% (1.0% of Total Investments) | ||||||||
| 696 | Academy, Ltd., Term Loan B | 6.032% | 1-Month LIBOR | 4.000% | 7/01/22 | CCC+ | 473,980 | |
| 1,173 | Petco Animal Supplies, Inc., Term Loan B1 | 5.177% | 3-Month LIBOR | 3.250% | 1/26/23 | B2 | 879,505 | |
| 16,843 | Petsmart Inc., Term Loan B, First Lien | 5.930% | 1-Month LIBOR | 4.000% | 3/11/22 | B | 16,460,554 |
| Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
| Specialty Retail (continued) | ||||||||
| $313 | Serta Simmons Holdings LLC, Term Loan, Second Lien | 9.846% | 1-Month LIBOR | 8.000% | 11/08/24 | CCC- | $87,602 | |
| 19,025 | Total Specialty Retail | 17,901,641 | ||||||
| Technology Hardware, Storage & Peripherals – 1.9% (1.1% of Total Investments) | ||||||||
| 4 | BMC Software, Inc., Term Loan B | 6.036% | 1-Month LIBOR | 4.250% | 10/02/25 | B2 | 3,625 | |
| 14,304 | Dell International LLC, Refinancing Term Loan B1 | 3.790% | 1-Month LIBOR | 2.000% | 9/19/25 | BBB- | 14,376,967 | |
| 6,360 | Western Digital, Term Loan B | 3.747% | 1-Month LIBOR | 1.750% | 4/29/23 | BBB- | 6,351,034 | |
| 20,668 | Total Technology Hardware, Storage & Peripherals | 20,731,626 | ||||||
| Trading Companies & Distributors – 2.2% (1.3% of Total Investments) | ||||||||
| 10,807 | HD Supply Waterworks, Ltd., Term Loan B | 4.761% | 1-Month LIBOR | 2.750% | 8/01/24 | B+ | 10,591,350 | |
| 13,945 | Univar, Inc., Term Loan B | 4.036% | 1-Month LIBOR | 2.250% | 7/01/24 | BB+ | 14,007,304 | |
| 24,752 | Total Trading Companies & Distributors | 24,598,654 | ||||||
| Transportation Infrastructure – 0.1% (0.1% of Total Investments) | ||||||||
| 524 | Standard Aero, Canadien Term Loan | 6.104% | 3-Month LIBOR | 4.000% | 4/04/26 | BB | 526,322 | |
| 976 | Standard Aero, USD Term Loan B | 6.104% | 3-Month LIBOR | 4.000% | 4/08/26 | BB | 978,958 | |
| 1,500 | Total Transportation Infrastructure | 1,505,280 | ||||||
| Wireless Telecommunication Services – 0.8% (0.5% of Total Investments) | ||||||||
| 3,980 | Sprint Corporation, Incremental Term Loan | 4.813% | 1-Month LIBOR | 3.000% | 2/03/24 | BB+ | 3,962,538 | |
| 4,875 | Sprint Corporation, Term Loan, First Lien | 4.313% | 1-Month LIBOR | 2.500% | 2/03/24 | BB+ | 4,828,297 | |
| 8,855 | Total Wireless Telecommunication Services | 8,790,835 | ||||||
| $1,442,743 | Total Variable Rate Senior Loan Interests (cost $1,435,489,268) | 1,403,084,678 | ||||||
| Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
| CORPORATE BONDS – 29.7% (17.6% of Total Investments) | ||||||||
| Aerospace & Defense – 1.0% (0.6% of Total Investments) | ||||||||
| $3,000 | Bombardier Inc, 144A | 6.000% | 10/15/22 | B | $2,925,000 | |||
| 4,000 | TransDigm Inc, (5) | 6.000% | 7/15/22 | B- | 4,068,000 | |||
| 4,000 | TransDigm Inc, (5) | 6.500% | 7/15/24 | B- | 4,130,000 | |||
| 11,000 | Total Aerospace & Defense | 11,123,000 | ||||||
| Airlines – 0.4% (0.3% of Total Investments) | ||||||||
| 3,004 | American Airlines Group Inc, 144A, (5) | 4.625% | 3/01/20 | BB- | 3,019,020 | |||
| 1,750 | American Airlines Group Inc, 144A | 5.000% | 6/01/22 | BB- | 1,824,375 | |||
| 4,754 | Total Airlines | 4,843,395 | ||||||
| Auto Components – 1.1% (0.7% of Total Investments) | ||||||||
| 5,965 | Allison Transmission Inc. , 144A | 4.750% | 10/01/27 | BB | 6,099,213 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
| Auto Components (continued) | ||||||||
| $6,000 | Panther BF Aggregator 2 LP / Panther Finance Co Inc, 144A, (5) | 6.250% | 5/15/26 | BB | $6,343,200 | |||
| 11,965 | Total Auto Components | 12,442,413 | ||||||
| Communications Equipment – 0.4% (0.3% of Total Investments) | ||||||||
| 19,375 | Avaya Inc, 144A, (6), (7) | 7.000% | 4/01/19 | N/R | — | |||
| 9,250 | Avaya Inc, 144A, (6), (7) | 10.500% | 3/01/21 | N/R | — | |||
| 790 | CommScope Inc, 144A, (5) | 5.000% | 6/15/21 | B- | 790,000 | |||
| 4,000 | CommScope Inc, 144A | 5.500% | 3/01/24 | BB- | 4,054,000 | |||
| 33,415 | Total Communications Equipment | 4,844,000 | ||||||
| Consumer Finance – 1.9% (1.1% of Total Investments) | ||||||||
| 5,000 | DAE Funding LLC, 144A, (5) | 4.500% | 8/01/22 | BBB- | 5,090,900 | |||
| 10,000 | Refinitiv US Holdings Inc, 144A, (5) | 6.250% | 5/15/26 | BB+ | 10,862,500 | |||
| 5,000 | Verscend Escrow Corp, 144A | 9.750% | 8/15/26 | CCC+ | 5,318,750 | |||
| 20,000 | Total Consumer Finance | 21,272,150 | ||||||
| Diversified Consumer Services – 0.3% (0.2% of Total Investments) | ||||||||
| 3,000 | Sotheby's, 144A, (5) | 7.375% | 10/15/27 | B+ | 3,000,000 | |||
| Diversified Financial Services – 0.3% (0.2% of Total Investments) | ||||||||
| 3,000 | Park Aerospace Holdings Ltd, 144A, (5) | 5.500% | 2/15/24 | BBB- | 3,298,200 | |||
| Diversified Telecommunication Services – 0.8% (0.4% of Total Investments) | ||||||||
| 1,000 | CenturyLink Inc | 6.450% | 6/15/21 | BB | 1,052,500 | |||
| 5,000 | CenturyLink Inc | 5.800% | 3/15/22 | BB | 5,287,500 | |||
| 2,000 | Frontier Communications Corp, 144A | 8.000% | 4/01/27 | B | 2,100,000 | |||
| 8,000 | Total Diversified Telecommunication Services | 8,440,000 | ||||||
| Electric Utilities – 0.2% (0.1% of Total Investments) | ||||||||
| 530 | Pacific Gas & Electric Co, (6) | 2.450% | 8/15/22 | D | 491,575 | |||
| 2,115 | Pacific Gas & Electric Co, (6) | 6.050% | 3/01/34 | D | 2,120,288 | |||
| 2,645 | Total Electric Utilities | 2,611,863 | ||||||
| Food & Staples Retailing – 0.2% (0.1% of Total Investments) | ||||||||
| 2,000 | Performance Food Group Inc, 144A | 5.500% | 10/15/27 | B1 | 2,115,000 | |||
| Food Products – 1.1% (0.6% of Total Investments) | ||||||||
| 3,000 | B&G Foods Inc, (5) | 5.250% | 4/01/25 | B+ | 3,063,750 | |||
| 5,320 | Chobani LLC / Chobani Finance Corp Inc, 144A, (5) | 7.500% | 4/15/25 | CCC | 5,107,200 | |||
| 955 | JBS Investments GmbH, 144A | 6.250% | 2/05/23 | BB | 973,527 | |||
| 2,000 | JBS Investments II GmbH, 144A | 5.750% | 1/15/28 | BB | 2,084,000 | |||
| 1,000 | Pilgrim's Pride Corp, 144A | 5.750% | 3/15/25 | BB | 1,037,500 | |||
| 12,275 | Total Food Products | 12,265,977 | ||||||
| Health Care Equipment & Supplies – 0.7% (0.4% of Total Investments) | ||||||||
| 7,069 | AMN Healthcare Inc, 144A, (5) | 5.125% | 10/01/24 | Ba2 | 7,341,722 |
| Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
| Health Care Providers & Services – 4.4% (2.6% of Total Investments) | ||||||||
| $3,000 | Envision Healthcare Corp, 144A | 8.750% | 10/15/26 | B- | $1,687,500 | |||
| 6,500 | Molina Healthcare Inc | 5.375% | 11/15/22 | BB- | 6,857,500 | |||
| 6,650 | Polaris Intermediate Corp, 144A, (cash 8.500%, PIK 8.500%) | 8.500% | 12/01/22 | B- | 5,586,000 | |||
| 4,850 | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc, 144A, (5) | 9.750% | 12/01/26 | CCC+ | 5,322,875 | |||
| 10,000 | Tenet Healthcare Corp, (5) | 8.125% | 4/01/22 | B- | 10,825,000 | |||
| 10,500 | Tenet Healthcare Corp, (5) | 5.125% | 5/01/25 | B | 10,749,375 | |||
| 6,805 | Vizient Inc, 144A, (5) | 6.250% | 5/15/27 | B | 7,338,716 | |||
| 48,305 | Total Health Care Providers & Services | 48,366,966 | ||||||
| Health Care Technology – 1.6% (1.0% of Total Investments) | ||||||||
| 17,840 | Change Healthcare Holdings LLC / Change Healthcare Finance Inc, 144A, (5) | 5.750% | 3/01/25 | B- | 18,253,888 | |||
| Hotels, Restaurants & Leisure – 2.9% (1.7% of Total Investments) | ||||||||
| 5,000 | Aramark Services Inc, 144A, (5) | 5.000% | 2/01/28 | BB | 5,231,250 | |||
| 4,000 | ESH Hospitality Inc, 144A, (5) | 4.625% | 10/01/27 | BB- | 4,010,400 | |||
| 6,500 | International Game Technology PLC, 144A, (5) | 6.250% | 2/15/22 | BB+ | 6,841,250 | |||
| 8,000 | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC, 144A, (5) | 4.750% | 6/01/27 | BB | 8,360,000 | |||
| 3,250 | Scientific Games International Inc | 6.250% | 9/01/20 | CCC+ | 3,254,062 | |||
| 1,680 | Scientific Games International Inc, (5) | 10.000% | 12/01/22 | B- | 1,728,300 | |||
| 3,000 | Yum! Brands Inc, 144A, (5) | 4.750% | 1/15/30 | B+ | 3,146,250 | |||
| 31,430 | Total Hotels, Restaurants & Leisure | 32,571,512 | ||||||
| IT Services – 1.0% (0.6% of Total Investments) | ||||||||
| 4,000 | Go Daddy Operating Co LLC / GD Finance Co Inc, 144A, (5) | 5.250% | 12/01/27 | BB- | 4,240,000 | |||
| 6,428 | WEX Inc, 144A, (5) | 4.750% | 2/01/23 | Ba2 | 6,492,344 | |||
| 10,428 | Total IT Services | 10,732,344 | ||||||
| Machinery – 0.5% (0.3% of Total Investments) | ||||||||
| 6,000 | Apex Tool Group LLC / BC Mountain Finance Inc, 144A | 9.000% | 2/15/23 | CCC+ | 5,070,000 | |||
| Media – 3.2% (1.9% of Total Investments) | ||||||||
| 3,000 | CCO Holdings LLC / CCO Holdings Capital Corp, (5) | 5.250% | 9/30/22 | BB+ | 3,041,250 | |||
| 4,000 | CCO Holdings LLC / CCO Holdings Capital Corp, 144A, (5) | 5.125% | 5/01/23 | BB+ | 4,095,000 | |||
| 2,000 | CCO Holdings LLC / CCO Holdings Capital Corp, 144A | 5.750% | 2/15/26 | BB+ | 2,112,000 | |||
| 3,403 | Clear Channel Worldwide Holdings Inc, 144A, (5) | 9.250% | 2/15/24 | B- | 3,743,300 | |||
| 3,000 | Clear Channel Worldwide Holdings Inc, 144A, (5) | 5.125% | 8/15/27 | B+ | 3,122,790 | |||
| 2,860 | CSC Holdings LLC, 144A, (5) | 5.375% | 7/15/23 | BB | 2,931,443 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
| Media (continued) | ||||||||
| $3,000 | CSC Holdings LLC, 144A, (5) | 5.500% | 4/15/27 | BB | $3,180,030 | |||
| 10,609 | iHeartCommunications Inc, (6), (7) | 9.000% | 12/15/19 | N/R | — | |||
| 240 | iHeartCommunications Inc, (6), (7) | 9.000% | 3/01/21 | N/R | — | |||
| 42,258 | iHeartCommunications Inc, (6), (7) | 14.000% | 8/01/21 | N/R | — | |||
| 1,335 | iHeartCommunications Inc | 6.375% | 5/01/26 | BB- | 1,436,580 | |||
| 2,452 | iHeartCommunications Inc, (5) | 8.375% | 5/01/27 | B- | 2,629,310 | |||
| 4,000 | iHeartCommunications Inc, 144A, (5) | 5.250% | 8/15/27 | BB- | 4,126,800 | |||
| 2,000 | Nielsen Co Luxembourg SARL, (5) | 4.417% | 10/01/21 | BB | 2,005,000 | |||
| 3,000 | Nielsen Finance LLC / Nielsen Finance Co, 144A, (5) | 5.000% | 4/15/22 | BB | 3,015,060 | |||
| 87,157 | Total Media | 35,438,563 | ||||||
| Personal Products – 0.5% (0.3% of Total Investments) | ||||||||
| 6,000 | Revlon Consumer Products Corp | 5.750% | 2/15/21 | CCC | 5,190,000 | |||
| Road & Rail – 0.8% (0.4% of Total Investments) | ||||||||
| 3,000 | Avolon Holdings Funding Ltd, 144A, (5) | 5.250% | 5/15/24 | BBB- | 3,271,500 | |||
| 5,000 | DAE Funding LLC, 144A, (5) | 5.250% | 11/15/21 | BBB- | 5,206,250 | |||
| 8,000 | Total Road & Rail | 8,477,750 | ||||||
| Software – 1.5% (0.9% of Total Investments) | ||||||||
| 5,500 | Blackboard Inc, 144A | 9.750% | 10/15/21 | CCC- | 5,517,187 | |||
| 5,000 | IQVIA Inc, 144A, (5) | 5.000% | 5/15/27 | BB | 5,300,000 | |||
| 1,500 | SS&C Technologies Inc, 144A | 5.500% | 9/30/27 | B+ | 1,600,313 | |||
| 4,000 | Symantec Corp, 144A, (5) | 5.000% | 4/15/25 | BB+ | 4,100,000 | |||
| 16,000 | Total Software | 16,517,500 | ||||||
| Technology Hardware, Storage & Peripherals – 1.3% (0.8% of Total Investments) | ||||||||
| 9,000 | Dell International LLC / EMC Corp, 144A, (5) | 5.875% | 6/15/21 | BB+ | 9,138,420 | |||
| 5,000 | Dell International LLC / EMC Corp, 144A, (5) | 7.125% | 6/15/24 | BB+ | 5,301,250 | |||
| 14,000 | Total Technology Hardware, Storage & Peripherals | 14,439,670 | ||||||
| Wireless Telecommunication Services – 3.6% (2.1% of Total Investments) | ||||||||
| 6,000 | Hughes Satellite Systems Corp, (5) | 5.250% | 8/01/26 | BBB- | 6,427,500 | |||
| 16,100 | Intelsat Connect Finance SA, 144A, (5) | 9.500% | 2/15/23 | CCC- | 14,934,360 | |||
| 6,000 | Intelsat Jackson Holdings SA, 144A, (5) | 8.500% | 10/15/24 | CCC+ | 6,043,140 | |||
| 12,000 | T-Mobile USA Inc, (5) | 6.375% | 3/01/25 | BB+ | 12,452,520 | |||
| 12,000 | T-Mobile USA Inc, (7) | 6.375% | 3/01/25 | N/R | — | |||
| 52,100 | Total Wireless Telecommunication Services | 39,857,520 | ||||||
| $416,383 | Total Corporate Bonds (cost $322,257,907) | 328,513,433 |
| Shares | Description (1) | Value | ||||||
| COMMON STOCKS – 0.9% (0.6% of Total Investments) | ||||||||
| Diversified Consumer Services – 0.1% (0.1% of Total Investments) | ||||||||
| 41,905 | Cengage Learning Holdings II Inc, (8), (9) | $502,860 |
| Shares | Description (1) | Value | ||||||
| Energy Equipment & Services – 0.2% (0.1% of Total Investments) | ||||||||
| 10,935 | Vantage Drilling International, (8), (9) | $2,022,975 | ||||||
| Health Care Providers & Services – 0.0% (0.0% of Total Investments) | ||||||||
| 227,437 | Millennium Health LLC, (8), (9) | 1,365 | ||||||
| 211,860 | Millennium Health LLC, (7), (9) | 233,907 | ||||||
| 198,883 | Millennium Health LLC, (7), (9) | 199,685 | ||||||
| Total Health Care Providers & Services | 434,957 | |||||||
| Internet & Direct Marketing Retail – 0.0% (0.0% of Total Investments) | ||||||||
| 9,796 | Catalina Marketing Corp, (8), (9) | 29,388 | ||||||
| Marine – 0.0% (0.0% of Total Investments) | ||||||||
| 6,278 | HGIM Corp, (8), (9) | 69,058 | ||||||
| Media – 0.5% (0.3% of Total Investments) | ||||||||
| 338,831 | Clear Channel Outdoor Holdings Inc, (9) | 789,476 | ||||||
| 84,265 | Cumulus Media Inc, (9) | 1,153,588 | ||||||
| 271,046 | iHeartMedia Inc, (9) | 3,886,800 | ||||||
| 17,987 | Tribune Co, (7) | 3,964 | ||||||
| Total Media | 5,833,828 | |||||||
| Pharmaceuticals – 0.1% (0.1% of Total Investments) | ||||||||
| 110,097 | Advanz Pharma Corp, (9) | 1,139,504 | ||||||
| Software – 0.0% (0.0% of Total Investments) | ||||||||
| 29,491 | Avaya Holdings Corp, (9) | 356,546 | ||||||
| Total Common Stocks (cost $27,210,601) | 10,389,116 |
| Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
| CONVERTIBLE BONDS – 0.9% (0.5% of Total Investments) | ||||||||
| Biotechnology – 0.9% (0.5% of Total Investments) | ||||||||
| $7,000 | Acorda Therapeutics Inc | 1.750% | 6/15/21 | N/R | $4,829,607 | |||
| 2,142 | BioMarin Pharmaceutical Inc | 0.599% | 8/01/24 | N/R | 2,142,378 | |||
| 5,000 | Clovis Oncology Inc, 144A | 4.500% | 8/01/24 | N/R | 3,068,236 | |||
| 14,142 | Total Biotechnology | 10,040,221 | ||||||
| $14,142 | Total Convertible Bonds (cost $13,580,275) | 10,040,221 |
| Shares | Description (1) | Value | ||||||
| COMMON STOCK RIGHTS – 0.1% (0.1% of Total Investments) | ||||||||
| Oil, Gas & Consumable Fuels – 0.1% (0.1% of Total Investments) | ||||||||
| 9,278 | Fieldwood Energy LLC, (9) | $197,927 | ||||||
| 45,924 | Fieldwood Energy LLC, (9) | 979,697 |
| JQC | Nuveen Credit Strategies Income Fund (continued) |
| Portfolio of Investments October 31, 2019 | |
| (Unaudited) |
| Shares | Description (1) | Value | ||||||
| Media – 0.0% (0.0% of Total Investments) | ||||||||
| 4,645 | Affinion Group Holdings Inc, (7) | $ — | ||||||
| Total Common Stock Rights (cost $2,398,772) | 1,177,624 |
| Shares | Description (1) | Value | ||||||
| WARRANTS – 0.0% (0.0% of Total Investments) | ||||||||
| Communications Equipment – 0.0% (0.0% of Total Investments) | ||||||||
| 37,723 | Avaya Holdings Corp | $28,292 | ||||||
| Marine – 0.0% (0.0% of Total Investments) | ||||||||
| 28,051 | HGIM, (9) | 280,510 | ||||||
| Total Warrants (cost $6,043,241) | 308,802 | |||||||
| Total Long-Term Investments (cost $1,806,980,064) | 1,753,513,874 |
| Shares | Description (1) | Coupon | Value | |||||
| SHORT-TERM INVESTMENTS – 9.8% (5.8% of Total Investments) | ||||||||
| INVESTMENT COMPANIES – 9.8% (5.8% of Total Investments) | ||||||||
| 107,987,235 | BlackRock Liquidity Funds T-Fund, (10) | 1.584% (11) | $107,987,235 | |||||
| Total Short-Term Investments (cost $107,987,235) | 107,987,235 | |||||||
| Total Investments (cost $1,914,967,299) – 168.0% | 1,861,501,109 | |||||||
| Borrowings – (41.5)% (12), (13) | (460,000,000) | |||||||
| Reverse Repurchase Agreements – (19.2)% (14) | (213,000,000) | |||||||
| Other Assets Less Liabilities – (7.3)% | (80,192,117) | |||||||
| Net Assets Applicable to Common Shares – 100% | $1,108,308,992 |
| Level 1 | Level 2 | Level 3 | Total | |
| Long-Term Investments: | ||||
| Variable Rate Senior Loan Interests | $ — | $1,403,084,678 | $ — | $1,403,084,678 |
| Corporate Bonds | — | 328,513,433 | —* | 328,513,433 |
| Common Stocks | 7,325,914 | 2,625,646 | 437,556 | 10,389,116 |
| Convertible Bonds | — | 10,040,221 | — | 10,040,221 |
| Common Stock Rights | — | 1,177,624 | — | 1,177,624 |
| Warrants | — | 308,802 | — | 308,802 |
| Short-Term Investments: | ||||
| Investment Companies | 107,987,235 | — | — | 107,987,235 |
| Total | $115,313,149 | $1,745,750,404 | $437,556 | $1,861,501,109 |
| * | Value equals zero as of the end of the reporting period. |
| 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, has been pledged to collateralize the net payment obligations for investments in reverse repurchase agreements. As of the end of the reporting period, investments with a value of $331,070,337 have been pledged as collateral for reverse repurchase agreements. | |
| (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 a dividend within the past twelve months. | |
| (10) | A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov. | |
| (11) | The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period. | |
| (12) | Borrowings as a percentage of Total Investments is 24.7%. | |
| (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) | Reverse Repurchase Agreements as a percentage of Total Investments is 11.4%. | |
| 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 | |
| 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. |