Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
LONG-TERM INVESTMENTS – 158.3% (98.8% of Total Investments) | ||||||||
VARIABLE RATE SENIOR LOAN INTERESTS – 137.0% (85.5% of Total Investments) (2) | ||||||||
Aerospace & Defense – 1.5% (1.0% of Total Investments) | ||||||||
$648 | Dynasty Acquisition Co., Inc., Term Loan B1 | 3.632% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | $633,818 | |
348 | Dynasty Acquisition Co., Inc., Term Loan B2 | 3.632% | 3-Month LIBOR | 3.500% | 4/08/26 | B- | 340,762 | |
11,584 | TransDigm, Inc., Term Loan E | 2.337% | 1-Month LIBOR | 2.250% | 5/30/25 | Ba3 | 11,458,977 | |
1,980 | TransDigm, Inc., Term Loan G | 2.337% | 1-Month LIBOR | 2.250% | 8/22/24 | Ba3 | 1,962,030 | |
14,560 | Total Aerospace & Defense | 14,395,587 | ||||||
Airlines – 4.7% (2.9% of Total Investments) | ||||||||
3,895 | AAdvantage Loyalty IP Ltd., Term Loan | 5.500% | 3-Month LIBOR | 4.750% | 4/20/28 | Ba2 | 4,062,324 | |
3,234 | American Airlines, Inc., 1st Lien Term Loan | 1.837% | 1-Month LIBOR | 1.750% | 1/29/27 | Ba3 | 3,136,645 | |
1,067 | American Airlines, Inc., Incremental Term Loan | 2.090% | 1-Month LIBOR | 2.000% | 12/14/23 | Ba3 | 1,053,013 | |
10,381 | Checkout Holding Corp., Last Out Term Loan | 1.838% | 1-Month LIBOR | 1.750% | 6/27/25 | Ba3 | 10,067,483 | |
10,350 | Curia Global, Inc., Term Loan | 6.250% | 3-Month LIBOR | 5.250% | 6/20/27 | Baa3 | 11,036,360 | |
2,730 | Ultimate Software Group Inc(The), Incremental Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 8/11/28 | Ba2 | 2,762,419 | |
3,980 | United Airlines, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 4/21/28 | Ba1 | 4,041,829 | |
7,860 | Westjet Airlines Ltd., Term Loan B | 4.000% | 6-Month LIBOR | 3.000% | 12/11/26 | BB- | 7,747,642 | |
43,497 | Total Airlines | 43,907,715 | ||||||
Auto Components – 1.2% (0.7% of Total Investments) | ||||||||
7,607 | Clarios Global LP, USD Term Loan B | 3.337% | 1-Month LIBOR | 3.250% | 4/30/26 | B1 | 7,570,396 | |
890 | Dexko Global Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 891,513 | |
170 | Dexko Global Inc., Term Loan B, (WI/DD), (5) | TBD | TBD | TBD | TBD | B1 | 169,812 | |
2,481 | Les Schwab Tire Centers, Term Loan B | 4.000% | 3-Month LIBOR | 3.250% | 11/02/27 | B | 2,483,583 | |
11,148 | Total Auto Components | 11,115,304 | ||||||
Beverages – 0.7% (0.4% of Total Investments) | ||||||||
1,976 | City Brewing Company, LLC, Closing Date Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 4/05/28 | B+ | 1,959,955 | |
1,732 | GFL Environmental Inc., Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 11/25/27 | B1 | 1,737,506 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Beverages (continued) | ||||||||
$2,992 | Triton Water Holdings, Inc, Term Loan | 4.000% | 3-Month LIBOR | 3.500% | 3/31/28 | B1 | $2,991,827 | |
6,700 | Total Beverages | 6,689,288 | ||||||
Building Products – 2.4% (1.5% of Total Investments) | ||||||||
993 | AECOM, Term Loan B | 4.500% | 1-Month LIBOR | 3.750% | 12/18/27 | B+ | 995,085 | |
995 | Change Healthcare Holdings LLC, Term Loan B | 4.000% | 3-Month LIBOR | 3.250% | 12/28/27 | B1 | 992,282 | |
2,761 | Cornerstone Building Brands, Inc., Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 4/12/28 | B+ | 2,762,506 | |
1,573 | LBM Acquisition LLC, Term Loan B, (DD1) | 4.500% | 1-Month LIBOR | 3.750% | 12/18/27 | B+ | 1,554,259 | |
5,265 | Magenta Buyer LLC, Term Loan 1st Lien , (WI/DD) | TBD | TBD | TBD | TBD | B | 5,262,815 | |
1,000 | Nexstar Broadcasting, Inc., Term Loan B4, (WI/DD) | TBD | TBD | TBD | TBD | B2 | 1,000,625 | |
8,835 | Quikrete Holdings, Inc., 1st Lien Term Loan | 2.587% | 1-Month LIBOR | 2.500% | 1/31/27 | BB- | 8,763,173 | |
1,492 | Resideo Funding Inc., Term Loan | 2.750% | 1-Month LIBOR | 2.250% | 2/12/28 | BBB- | 1,494,366 | |
63 | TricorBraun Holdings, Inc., Term Loan | 2.375% | 1-Month LIBOR | 2.250% | 9/24/26 | Baa3 | 62,984 | |
22,977 | Total Building Products | 22,888,095 | ||||||
Capital Markets – 1.1% (0.7% of Total Investments) | ||||||||
6,760 | Cengage Learning, Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB- | 6,599,450 | |
617 | Klockner-Pentaplast of America, Inc., Term Loan B | 5.250% | 6-Month LIBOR | 4.750% | 2/09/26 | B | 615,344 | |
3,184 | RPI Intermediate Finance Trust, Term Loan B1 | 1.837% | 1-Month LIBOR | 1.750% | 2/11/27 | BBB- | 3,179,240 | |
10,561 | Total Capital Markets | 10,394,034 | ||||||
Chemicals – 2.3% (1.4% of Total Investments) | ||||||||
2,170 | Arterra Wines Canada, Inc., Term Loan | 3.250% | 1-Month LIBOR | 2.750% | 1/29/26 | BB+ | 2,171,819 | |
901 | ASP Unifrax Holdings Inc, Term Loan B | 3.882% | 3-Month LIBOR | 3.750% | 12/14/25 | BB | 889,253 | |
3,466 | Clean Harbors Inc., Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 3/18/28 | B+ | 3,466,933 | |
6,744 | Finastra USA, Inc., Term Loan, 1st Lien | 1.882% | 3-Month LIBOR | 1.750% | 6/01/24 | BBB- | 6,737,043 | |
5,911 | Ineos US Finance LLC, USD Term Loan B | 2.101% | 1-Month LIBOR | 2.000% | 3/31/24 | BBB- | 5,880,637 | |
2,320 | Reynolds Group Holdings Inc. , Term Loan B | 3.500% | 3-Month LIBOR | 3.000% | 9/29/28 | Ba3 | 2,318,121 | |
21,512 | Total Chemicals | 21,463,806 | ||||||
Commercial Services & Supplies – 5.7% (3.5% of Total Investments) | ||||||||
1,244 | Amentum Government Services Holdings LLC, Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 1/31/27 | B1 | 1,248,028 | |
10,123 | Asurion LLC, Term Loan B8 | 3.500% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 10,107,229 | |
2,000 | Clean Harbors Inc., Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 10/08/28 | BBB- | 2,002,820 |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Commercial Services & Supplies (continued) | ||||||||
$8,712 | Garda World Security Corporation, Term Loan B | 4.340% | 1-Month LIBOR | 4.250% | 10/30/26 | BB+ | $8,734,683 | |
3,654 | GFL Environmental Inc., Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 5/30/25 | BB- | 3,666,025 | |
13,204 | Hub International Limited, Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 11/13/26 | BBB- | 13,134,560 | |
1,496 | Madison IAQ LLC, Term Loan | 3.750% | 6-Month LIBOR | 3.250% | 6/21/28 | B1 | 1,495,001 | |
937 | Prime Security Services Borrower, LLC, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | BB- | 936,169 | |
1,909 | Sabert Corporation, Term Loan B | 5.500% | 1-Month LIBOR | 4.500% | 12/10/26 | B | 1,911,651 | |
2,363 | Spin Holdco Inc., Term Loan | 4.750% | 3-Month LIBOR | 4.000% | 3/04/28 | B- | 2,373,062 | |
7,428 | Travelport Finance (Luxembourg) S.a.r.l., Super Priority Term Loan, (cash 2.500%, PIK 6.500%), (DD1) | 2.500% | 3-Month LIBOR | 6.500% | 2/28/25 | B- | 7,707,961 | |
53,070 | Total Commercial Services & Supplies | 53,317,189 | ||||||
Communications Equipment – 2.6% (1.6% of Total Investments) | ||||||||
2,940 | Cogeco Communications Finance (USA), LP, Term Loan B | 3.089% | 1-Month LIBOR | 3.000% | 10/07/26 | B+ | 2,912,452 | |
825 | CommScope, Inc., Term Loan B | 3.337% | 1-Month LIBOR | 3.250% | 4/04/26 | Ba3 | 815,579 | |
5,115 | Global Medical Response, Inc., Term Loan B | 4.340% | 1-Month LIBOR | 4.250% | 12/15/27 | BB | 5,137,366 | |
1,496 | MetroNet Systems Holdings, LLC, Term Loan, First Lien, (DD1) | 4.500% | 3-Month LIBOR | 2.750% | 6/02/28 | B2 | 1,501,165 | |
6,109 | Plantronics Inc, Term Loan B | 2.587% | 1-Month LIBOR | 2.500% | 7/02/25 | Ba2 | 5,965,801 | |
4,923 | Riverbed Technology, Inc., Term Loan B | 7.000% | 1-Month LIBOR | 6.000% | 12/31/25 | Caa1 | 4,511,332 | |
3,561 | Twin River Worldwide Holdings, Inc., Term Loan B | 3.750% | 3-Month LIBOR | 3.000% | 11/12/27 | B+ | 3,565,062 | |
137 | Univision Communications Inc., Term Loan C5 | 3.750% | 1-Month LIBOR | 2.750% | 3/15/24 | B | 137,210 | |
25,106 | Total Communications Equipment | 24,545,967 | ||||||
Construction & Engineering – 1.1% (0.7% of Total Investments) | ||||||||
748 | AECOM, Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 4/13/28 | BBB- | 749,995 | |
1,805 | Aegion Corporation, Term Loan | 5.500% | 3-Month LIBOR | 4.750% | 5/17/28 | B | 1,820,794 | |
2,460 | Apttus Corporation, Term Loan | 3.000% | 3-Month LIBOR | 2.500% | 8/27/28 | Ba2 | 2,465,388 | |
2,231 | Brown Group Holding, LLC, Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 4/22/28 | B+ | 2,228,405 | |
598 | FrontDoor Inc, Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 6/17/28 | Ba2 | 597,878 | |
1,000 | Osmose Utilities Services, Inc., Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 6/17/28 | B | 998,595 | |
1,090 | Rexnord LLC, Term Loan B | 2.750% | 1-Month LIBOR | 2.250% | 10/04/28 | BB | 1,091,700 | |
9,932 | Total Construction & Engineering | 9,952,755 | ||||||
Containers & Packaging – 1.8% (1.1% of Total Investments) | ||||||||
695 | ADMI Corp., Term Loan B2, (5) | 3.750% | 1-Month LIBOR | 3.250% | 3/03/28 | B2 | 692,110 | |
4,354 | Berry Global, Inc., Term Loan Z | 1.836% | 1-Month LIBOR | 1.750% | 7/01/26 | BBB- | 4,331,509 | |
1,335 | Grinding Media Inc., Term Loan B | 4.122% | 3-Month LIBOR | 4.000% | 9/22/28 | B | 1,340,006 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Containers & Packaging (continued) | ||||||||
$2,125 | Reynolds Group Holdings Inc. , Term Loan B | 4.000% | 1-Month LIBOR | 3.500% | 9/24/28 | B+ | $2,124,118 | |
4,963 | Reynolds Group Holdings Inc. , Term Loan B2 | 3.337% | 1-Month LIBOR | 3.250% | 2/05/26 | B+ | 4,938,383 | |
3,086 | TricorBraun Holdings, Inc., Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 3/03/28 | B2 | 3,071,938 | |
16,558 | Total Containers & Packaging | 16,498,064 | ||||||
Distributors – 1.8% (1.1% of Total Investments) | ||||||||
13,827 | Core & Main LP, Term Loan B | 2.588% | 1-Month LIBOR | 2.500% | 6/10/28 | Ba3 | 13,752,180 | |
3,418 | Univar Solutions USA Inc., Term Loan B6 | 2.087% | 1-Month LIBOR | 2.000% | 6/03/28 | BBB- | 3,415,550 | |
17,245 | Total Distributors | 17,167,730 | ||||||
Diversified Consumer Services – 0.5% (0.3% of Total Investments) | ||||||||
4,900 | Cengage Learning, Inc., Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 7/14/26 | B | 4,931,385 | |
Diversified Financial Services – 0.8% (0.5% of Total Investments) | ||||||||
2,355 | Avaya Inc., Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 2,362,012 | |
3,858 | Ditech Holding Corporation, Term Loan, (6) | 0.000% | N/A | N/A | 6/30/22 | N/R | 773,897 | |
1,721 | Fleetcor Technologies Operating Company, LLC, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 4/30/28 | BB+ | 1,719,156 | |
990 | Lions Gate Capital Holdings LLC, Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 3/24/25 | Ba2 | 984,411 | |
1,496 | Verscend Holding Corp., Term Loan B | 4.087% | 1-Month LIBOR | 4.000% | 8/27/25 | BB- | 1,500,611 | |
10,420 | Total Diversified Financial Services | 7,340,087 | ||||||
Diversified Telecommunication Services – 3.4% (2.2% of Total Investments) | ||||||||
11,684 | AAdvantage Loyalty IP Ltd., Term Loan | 4.125% | 3-Month LIBOR | 4.000% | 8/14/26 | B | 11,652,650 | |
191 | CenturyLink, Inc., Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 3/15/27 | BBB- | 189,168 | |
1,311 | Endo Luxembourg Finance Company I S.a r.l., Term Loan | 3.811% | 3-Month LIBOR | 3.688% | 1/31/26 | B | 1,298,799 | |
4,871 | Frontier Communications Corp., DIP Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 10/08/27 | BB+ | 4,875,836 | |
14,419 | Sinclair Television Group Inc., Term Loan B1 | 2.087% | 1-Month LIBOR | 2.000% | 1/31/25 | BBB- | 14,369,407 | |
32,476 | Total Diversified Telecommunication Services | 32,385,860 | ||||||
Electric Utilities – 0.2% (0.2% of Total Investments) | ||||||||
987 | Pacific Gas & Electric Company, Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 6/23/25 | BB | 978,706 |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Electric Utilities (continued) | ||||||||
$1,333 | Vistra Operations Company LLC, 1st Lien Term Loan B3 | 1.837% | 1-Month LIBOR | 1.750% | 12/31/25 | BBB- | $1,321,845 | |
2,320 | Total Electric Utilities | 2,300,551 | ||||||
Electrical Equipment – 0.7% (0.4% of Total Investments) | ||||||||
2,152 | Avolon TLB Borrower 1 (US) LLC, Term Loan B4 | 2.250% | 1-Month LIBOR | 1.500% | 2/12/27 | Baa2 | 2,135,812 | |
4,469 | Ingram Micro Inc., Term Loan B | 4.000% | 3-Month LIBOR | 3.500% | 7/02/28 | BB+ | 4,484,441 | |
6,621 | Total Electrical Equipment | 6,620,253 | ||||||
Entertainment – 1.0% (0.6% of Total Investments) | ||||||||
956 | AMC Entertainment Holdings, Inc. , Term Loan B | 3.086% | 1-Month LIBOR | 3.000% | 4/22/26 | B- | 883,987 | |
562 | Crown Finance US, Inc., Incremental Term Loan B1 | 9.250% | 6-Month LIBOR | 8.250% | 5/23/24 | B- | 605,676 | |
6,938 | Crown Finance US, Inc., USD Term Loan | 3.500% | 6-Month LIBOR | 2.500% | 2/28/25 | CCC | 5,754,760 | |
1,815 | NASCAR Holdings, Inc, Term Loan B | 2.587% | 1-Month LIBOR | 2.500% | 10/18/26 | BB+ | 1,810,890 | |
10,271 | Total Entertainment | 9,055,313 | ||||||
Food & Staples Retailing – 3.7% (2.3% of Total Investments) | ||||||||
13,431 | Altice Financing SA, Term Loan, 1st Lien | 2.087% | 1-Month LIBOR | 2.000% | 5/01/26 | BBB | 13,401,089 | |
664 | H Food Holdings LLC, Incremental Term Loan B3 | 6.000% | 1-Month LIBOR | 5.000% | 5/31/25 | B2 | 667,243 | |
11,412 | H Food Holdings LLC, Term Loan B | 3.775% | 1-Month LIBOR | 3.687% | 5/31/25 | B2 | 11,367,756 | |
1,485 | Univar Solutions USA Inc., Term Loan B6 | 4.500% | 1-Month LIBOR | 3.500% | 10/23/27 | B- | 1,489,113 | |
7,527 | US Foods, Inc., Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 6/27/23 | BB- | 7,491,482 | |
34,519 | Total Food & Staples Retailing | 34,416,683 | ||||||
Food Products – 0.4% (0.3% of Total Investments) | ||||||||
1,975 | iHeartCommunications, Inc., Term Loan | 2.337% | 1-Month LIBOR | 2.250% | 1/31/27 | B+ | 1,949,453 | |
2,000 | WideOpenWest Finance LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 1,997,500 | |
3,975 | Total Food Products | 3,946,953 | ||||||
Health Care Equipment & Supplies – 2.6% (1.6% of Total Investments) | ||||||||
4,961 | Carestream Health, Inc., Extended Term Loan | 7.750% | 3-Month LIBOR | 6.750% | 5/08/23 | B1 | 4,989,542 | |
13,700 | Envision Healthcare Corporation, Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | B+ | 13,725,687 | |
6,183 | Viant Medical Holdings, Inc., 1st Lien Term Loan | 3.837% | 1-Month LIBOR | 3.750% | 7/02/25 | B3 | 6,013,415 | |
24,844 | Total Health Care Equipment & Supplies | 24,728,644 | ||||||
Health Care Providers & Services – 9.9% (6.2% of Total Investments) | ||||||||
1,990 | ADMI Corp., Term Loan B2 | 3.625% | 1-Month LIBOR | 3.125% | 12/23/27 | B | 1,978,030 | |
5,000 | AHP Health Partners, Inc., Term Loan B | 4.000% | 1-Month LIBOR | 3.500% | 8/23/28 | B1 | 5,021,100 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Health Care Providers & Services (continued) | ||||||||
$382 | Air Methods Corporation, Term Loan B | 4.500% | 3-Month LIBOR | 3.500% | 4/21/24 | B | $365,483 | |
1,002 | BW NHHC Holdco, Inc., 1st Lien Term Loan | 5.125% | 3-Month LIBOR | 5.000% | 5/15/25 | Caa1 | 889,214 | |
1,067 | Catalent Pharma Solutions Inc., Term Loan B3, (5) | 0.000% | 1-Month LIBOR | 2.000% | 9/30/26 | B | 1,059,781 | |
915 | CHG Healthcare Services Inc., Term Loan | 4.000% | 3-Month LIBOR | 3.500% | 9/30/28 | B1 | 916,546 | |
2,715 | Envision Healthcare Corporation, 1st Lien Term Loan, (DD1) | 3.837% | 1-Month LIBOR | 3.750% | 10/10/25 | CCC+ | 2,257,445 | |
1,200 | Global Medical Response, Inc., Incremental Term Loan | 5.250% | 6-Month LIBOR | 4.250% | 3/14/25 | B | 1,196,250 | |
10,421 | Global Medical Response, Inc., Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 10/02/25 | B | 10,397,073 | |
280 | Medical Solutions Holdings Inc., Term Loan, (WI/DD), (5) | TBD | TBD | TBD | TBD | B1 | 280,525 | |
1,470 | Medical Solutions Holdings Inc., Term Loan, first Lien, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 1,472,756 | |
733 | National Mentor Holdings, Inc., Delayed Draw Term Loan, (5) | 3.860% | 1-Month LIBOR | 3.250% | 3/02/28 | B1 | 729,102 | |
5,780 | National Mentor Holdings, Inc., Term Loan | 4.500% | 1-Month LIBOR | 3.750% | 3/02/28 | B1 | 5,752,660 | |
196 | National Mentor Holdings, Inc., Term Loan C | 4.500% | 3-Month LIBOR | 3.750% | 3/02/28 | B1 | 195,560 | |
3,376 | Onex TSG Intermediate Corp., Term Loan B | 5.500% | 3-Month LIBOR | 4.750% | 2/26/28 | B | 3,379,712 | |
12,127 | Phoenix Guarantor Inc, Term Loan B | 3.338% | 1-Month LIBOR | 3.250% | 3/05/26 | B1 | 12,064,982 | |
4,097 | Phoenix Guarantor Inc, Term Loan B3 | 3.586% | 1-Month LIBOR | 3.500% | 3/05/26 | B1 | 4,085,869 | |
140 | Quorum Health Corporation, Term Loan, (6) | 8.000% | 3-Month LIBOR | 7.000% | 4/29/25 | B- | 140,766 | |
17,397 | RegionalCare Hospital Partners Holdings, Inc., Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 11/16/25 | B1 | 17,376,676 | |
7,957 | Select Medical Corporation, Term Loan B | 2.340% | 1-Month LIBOR | 2.250% | 3/06/25 | Ba2 | 7,923,906 | |
12,512 | Surgery Center Holdings, Inc., Term Loan, (DD1) | 4.500% | 1-Month LIBOR | 3.750% | 8/31/26 | B1 | 12,553,398 | |
2,674 | Team Health Holdings, Inc., 1st Lien Term Loan | 3.750% | 1-Month LIBOR | 2.750% | 2/06/24 | B | 2,561,813 | |
93,431 | Total Health Care Providers & Services | 92,598,647 | ||||||
Health Care Technology – 2.1% (1.3% of Total Investments) | ||||||||
9,109 | Carestream Health, Inc., Extended 2nd Lien PIK Term Loan, (cash 5.500%, PIK 8.000%) | 5.500% | 3-Month LIBOR | 4.500% | 8/05/23 | CCC+ | 8,960,762 | |
3,928 | Change Healthcare Holdings LLC, Term Loan B | 3.500% | 1-Month LIBOR | 2.500% | 3/01/24 | B+ | 3,928,653 | |
3,560 | Zelis Healthcare Corporation, Term Loan | 3.582% | 1-Month LIBOR | 3.500% | 9/30/26 | B | 3,548,854 |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Health Care Technology (continued) | ||||||||
$2,933 | Zelis Healthcare Corporation, Term Loan B | 3.577% | 3-Month LIBOR | 3.500% | 9/30/26 | B | $2,914,399 | |
19,530 | Total Health Care Technology | 19,352,668 | ||||||
Hotels, Restaurants & Leisure – 14.8% (9.3% of Total Investments) | ||||||||
15,136 | 1011778 B.C. Unlimited Liability Company, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 11/19/26 | BB+ | 14,870,829 | |
2,700 | Air Methods Corporation, Term Loan B | 4.000% | 6-Month LIBOR | 3.250% | 10/08/28 | Ba2 | 2,700,850 | |
347 | Alterra Mountain Company, Series B-2 Consenting Term Loan | 4.000% | 1-Month LIBOR | 3.500% | 8/17/28 | B | 347,232 | |
2,805 | Aramark Services, Inc., Term Loan B3 | 1.837% | 1-Month LIBOR | 1.750% | 3/11/25 | BB+ | 2,743,388 | |
3,926 | Berry Global, Inc., Term Loan Z | 1.836% | 1-Month LIBOR | 1.750% | 3/15/28 | BBB- | 3,931,222 | |
14,860 | Caesars Resort Collection, LLC, 1st Lien Term Loan B | 2.837% | 1-Month LIBOR | 2.750% | 12/22/24 | B+ | 14,806,177 | |
1,485 | Caesars Resort Collection, LLC, Term Loan B1 | 3.587% | 1-Month LIBOR | 3.500% | 7/20/25 | B+ | 1,488,356 | |
578 | Carnival Corporation, USD Term Loan B | 3.750% | 1-Month LIBOR | 3.000% | 6/30/25 | Ba2 | 578,076 | |
3,086 | Churchill Downs Incorporated, Incremental Term Loan B1 | 2.090% | 1-Month LIBOR | 2.000% | 3/17/28 | BBB- | 3,062,703 | |
1,802 | ClubCorp Holdings, Inc., Term Loan B | 2.882% | 3-Month LIBOR | 2.750% | 9/18/24 | B- | 1,704,545 | |
4,931 | Crown Finance US, Inc., Term Loan B1 | 3.750% | 3-Month LIBOR | 2.750% | 2/05/25 | B | 4,925,107 | |
978 | Crown Finance US, Inc., Term Loan B1, (cash 7.132%, PIK 8.250%) | 7.132% | 3-Month LIBOR | 8.250% | 5/23/24 | B- | 1,187,180 | |
12,180 | Equinox Holdings, Inc., 1st Lien Term Loan | 4.000% | 3-Month LIBOR | 3.000% | 3/08/24 | CCC | 11,637,385 | |
15,013 | Golden Nugget, Inc., Incremental Term Loan B | 3.250% | 3-Month LIBOR | 2.500% | 10/04/23 | B | 14,957,057 | |
3,000 | Hilton Grand Vacations Borrower LLC, Term Loan B | 3.500% | 1-Month LIBOR | 3.000% | 8/02/28 | Ba1 | 3,009,000 | |
4,681 | Hilton Worldwide Finance, LLC, Term Loan B2 | 1.839% | 1-Month LIBOR | 1.750% | 6/21/26 | BBB- | 4,650,234 | |
5,633 | Life Time Fitness Inc , Term Loan B | 5.750% | 3-Month LIBOR | 4.750% | 12/15/24 | B | 5,689,227 | |
4,913 | Phoenix Guarantor Inc, Term Loan B | 4.250% | 3-Month LIBOR | 3.250% | 12/15/27 | B | 4,918,598 | |
12,081 | Scientific Games International, Inc., Term Loan B5 | 2.837% | 1-Month LIBOR | 2.750% | 8/14/24 | B+ | 12,047,083 | |
4,000 | SeaWorld Parks & Entertainment, Inc., Term Loan B | 3.500% | 1-Month LIBOR | 3.000% | 8/25/28 | BB- | 3,994,580 | |
5,000 | Stars Group Holdings B.V. (The), USD Incremental Term Loan | 2.382% | 3-Month LIBOR | 2.250% | 7/10/25 | BBB | 4,988,369 | |
4,302 | Station Casinos LLC, Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 8/31/25 | Ba1 | 4,230,354 | |
12,220 | Station Casinos LLC, Term Loan B | 2.500% | 1-Month LIBOR | 2.250% | 2/08/27 | BB- | 12,117,322 | |
2,250 | Twin River Worldwide Holdings, Inc., Term Loan B | 3.750% | 3-Month LIBOR | 3.250% | 10/01/28 | BB+ | 2,250,562 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Hotels, Restaurants & Leisure (continued) | ||||||||
$2,425 | Wyndham Hotels & Resorts, Inc., Term Loan B | 1.837% | 1-Month LIBOR | 1.750% | 5/30/25 | BBB- | $2,410,353 | |
140,332 | Total Hotels, Restaurants & Leisure | 139,245,789 | ||||||
Household Durables – 1.0% (0.6% of Total Investments) | ||||||||
3,475 | Apex Tool Group, LLC, Term Loan B | 6.500% | 1-Month LIBOR | 5.250% | 8/21/24 | B3 | 3,482,953 | |
356 | FrontDoor Inc, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B3 | 357,296 | |
2,844 | Phoenix Guarantor Inc, Term Loan B3 | 4.500% | 1-Month LIBOR | 4.000% | 7/30/28 | B3 | 2,858,368 | |
955 | Serta Simmons Bedding, LLC, Super Priority Second Out Term Loan, (6) | 8.500% | 1-Month LIBOR | 7.500% | 8/10/23 | B- | 903,010 | |
2,105 | Weber-Stephen Products LLC, Term Loan B | 4.000% | 6-Month LIBOR | 3.250% | 10/30/27 | BB | 2,112,483 | |
9,735 | Total Household Durables | 9,714,110 | ||||||
Household Products – 0.2% (0.1% of Total Investments) | ||||||||
1,790 | Verscend Holding Corp., Term Loan B | 4.000% | 3-Month LIBOR | 3.500% | 7/23/28 | B1 | 1,785,373 | |
Independent Power & Renewable Electricity Producers – 0.2% (0.1% of Total Investments) | ||||||||
1,496 | WIN Waste Innovations Holdings, Inc., Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 3/25/28 | B+ | 1,498,307 | |
Insurance – 5.8% (3.6% of Total Investments) | ||||||||
16,732 | Acrisure, LLC, Term Loan B | 3.632% | 3-Month LIBOR | 3.500% | 2/15/27 | B | 16,540,107 | |
4,800 | Asurion LLC, Second Lien Term Loan B4 | 5.337% | 1-Month LIBOR | 5.250% | 1/15/29 | B | 4,784,496 | |
1,460 | Asurion LLC, Term Loan B8 | 3.337% | 1-Month LIBOR | 3.250% | 12/23/26 | Ba3 | 1,446,648 | |
14,352 | Hub International Limited, Term Loan B | 2.875% | 3-Month LIBOR | 2.750% | 4/25/25 | B | 14,208,032 | |
2,489 | Klockner-Pentaplast of America, Inc., Term Loan B | 3.337% | 1-Month LIBOR | 3.250% | 7/31/27 | Ba3 | 2,468,082 | |
3,125 | LBM Acquisition LLC, Incremental Term Loan B2 | 4.500% | 1-Month LIBOR | 3.750% | 11/06/27 | B | 3,122,266 | |
7,837 | LBM Acquisition LLC, Term Loan B | 3.132% | 3-Month LIBOR | 3.000% | 5/16/24 | B | 7,788,421 | |
247 | Ryan Specialty Group, LLC, Term Loan | 3.750% | 1-Month LIBOR | 3.000% | 9/01/27 | BB- | 248,150 | |
1,965 | US Foods, Inc., Term Loan B | 3.382% | 3-Month LIBOR | 3.250% | 12/02/26 | B | 1,954,384 | |
2,000 | Zelis Healthcare Corporation, Delayed Draw Term Loan | 0.000% | 3-Month LIBOR | N/A% | 1/27/27 | B1 | 1,990,830 | |
55,007 | Total Insurance | 54,551,416 | ||||||
Interactive Media & Services – 1.3% (0.8% of Total Investments) | ||||||||
5,235 | Arches Buyer Inc., Term Loan B | 3.750% | 1-Month LIBOR | 3.250% | 12/06/27 | B1 | 5,219,077 | |
1,347 | Birkenstock GmbH & Co. KG., Term Loan B | 3.750% | 3-Month LIBOR | 3.000% | 11/04/27 | BB+ | 1,349,486 | |
414 | Mission Broadcasting, Inc., Term Loan B | 2.582% | 1-Month LIBOR | 2.500% | 6/03/28 | BBB- | 413,271 |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Interactive Media & Services (continued) | ||||||||
$5,738 | Rackspace Technology Global, Inc., Term Loan B | 3.500% | 3-Month LIBOR | 2.750% | 2/09/28 | B+ | $5,705,030 | |
12,734 | Total Interactive Media & Services | 12,686,864 | ||||||
Internet & Direct Marketing Retail – 0.4% (0.3% of Total Investments) | ||||||||
3,980 | CNT Holdings I Corp, Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 11/08/27 | B | 3,991,363 | |
Internet Software & Services – 0.5% (0.3% of Total Investments) | ||||||||
4,557 | Greeneden U.S. Holdings II, LLC, USD Term Loan B4 | 4.750% | 1-Month LIBOR | 4.000% | 12/01/27 | B- | 4,572,494 | |
IT Services – 4.9% (3.1% of Total Investments) | ||||||||
2,151 | Ahead DB Holdings, LLC, Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 10/16/27 | B+ | 2,161,191 | |
1,015 | CCC Intelligent Solutions Inc., Term Loan B | 3.000% | 3-Month LIBOR | 2.500% | 9/21/28 | B1 | 1,013,224 | |
3,064 | Intrado Corporation, Term Loan | 5.000% | 3-Month LIBOR | 4.000% | 10/10/24 | B2 | 3,014,824 | |
2,750 | Magenta Buyer LLC, USD 1st Lien Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 7/27/28 | BB- | 2,734,531 | |
746 | Project Ruby Ultimate Parent Corp., Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 3/10/28 | B | 746,354 | |
18,151 | Sabre GLBL Inc., Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 2/22/24 | Ba3 | 17,982,755 | |
5,024 | Syniverse Holdings, Inc., 1st Lien Term Loan | 6.000% | 3-Month LIBOR | 5.000% | 3/09/23 | CCC+ | 5,029,312 | |
10,966 | Tempo Acquisition LLC, Extended Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 10/31/26 | BB- | 11,007,286 | |
2,250 | Vision Solutions Inc., Term Loan | 5.000% | 3-Month LIBOR | N/A% | 5/28/28 | B2 | 2,252,813 | |
46,117 | Total IT Services | 45,942,290 | ||||||
Leisure Products – 1.8% (1.1% of Total Investments) | ||||||||
15,527 | Hayward Industries, Inc., Term Loan | 3.000% | 1-Month LIBOR | 2.500% | 5/28/28 | BB- | 15,504,566 | |
1,647 | SRAM, LLC , Term Loan B | 3.250% | 3-Month LIBOR | 2.750% | 5/18/28 | BB- | 1,646,245 | |
17,174 | Total Leisure Products | 17,150,811 | ||||||
Life Sciences Tools & Services – 3.7% (2.3% of Total Investments) | ||||||||
13,479 | Apex Tool Group, LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 13,503,330 | |
12,321 | Curia Global, Inc., Term Loan | 4.500% | 3-Month LIBOR | 3.750% | 8/30/26 | B | 12,345,052 | |
1,465 | Intelsat Jackson Holdings S.A., Term Loan B3, (WI/DD) | TBD | TBD | TBD | TBD | BB+ | 1,466,223 | |
7,143 | PPD, Inc., Initial Term Loan | 2.500% | 1-Month LIBOR | 2.000% | 1/13/28 | Ba2 | 7,140,103 | |
34,408 | Total Life Sciences Tools & Services | 34,454,708 | ||||||
Machinery – 3.1% (2.0% of Total Investments) | ||||||||
1,964 | Alliance Laundry Systems LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.500% | 10/08/27 | B | 1,970,051 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Machinery (continued) | ||||||||
$6,117 | Axalta Coating Systems US Holdings Inc., Term Loan B3, (DD1) | 4.500% | 3-Month LIBOR | 1.750% | 7/31/27 | B+ | $6,134,768 | |
12,350 | Gardner Denver, Inc., USD Term Loan B2 | 1.837% | 1-Month LIBOR | 1.750% | 2/28/27 | BB+ | 12,195,492 | |
6,000 | Hilton Grand Vacations Borrower LLC, Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | Baa3 | 5,963,250 | |
1,574 | McGraw-Hill Global Education Holdings, LLC, Term Loan | 3.000% | 3-Month LIBOR | 2.500% | 9/22/28 | BBB- | 1,574,117 | |
1,478 | Vertiv Group Corporation, Term Loan B | 2.830% | 1-Month LIBOR | 2.750% | 3/02/27 | BB- | 1,469,140 | |
29,483 | Total Machinery | 29,306,818 | ||||||
Marine – 0.2% (0.1% of Total Investments) | ||||||||
2,816 | HGIM Corp., Exit Term Loan, (DD1) | 7.000% | 3-Month LIBOR | 6.000% | 7/02/23 | Caa3 | 2,168,362 | |
Media – 14.3% (8.9% of Total Investments) | ||||||||
970 | Asurion LLC, Term Loan B9, (WI/DD) | TBD | TBD | TBD | TBD | N/R | 968,734 | |
6,869 | Brookfield Property REIT Inc., 1st Lien Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 1/04/25 | BB | 6,811,431 | |
1,995 | Cable One, Inc., Term Loan B4 | 2.087% | 1-Month LIBOR | 2.000% | 5/03/28 | BB+ | 1,984,397 | |
10,632 | Charter Communications Operating, LLC, Term Loan B2 | 1.840% | 1-Month LIBOR | 1.750% | 2/01/27 | BBB- | 10,567,731 | |
406 | Checkout Holding Corp., First Out Term Loan | 8.500% | 1-Month LIBOR | 7.500% | 2/15/23 | N/R | 391,373 | |
710 | Checkout Holding Corp., Last Out Term Loan, (cash 2.000%, PIK 9.500%) | 2.000% | 1-Month LIBOR | 1.000% | 8/15/23 | N/R | 369,184 | |
10,218 | Clear Channel Outdoor Holdings, Inc., Term Loan B | 3.629% | 3-Month LIBOR | 3.500% | 8/21/26 | B1 | 10,069,591 | |
9,774 | CSC Holdings, LLC, Incremental Term Loan | 2.340% | 1-Month LIBOR | 2.250% | 1/15/26 | BB | 9,595,496 | |
983 | CSC Holdings, LLC, Term Loan B1 | 2.340% | 1-Month LIBOR | 2.250% | 7/17/25 | BB | 962,845 | |
11,802 | CSC Holdings, LLC, Term Loan B5 | 2.590% | 1-Month LIBOR | 2.500% | 4/15/27 | BB | 11,585,649 | |
13,321 | CSC Holdings, LLC, Term Loan B5 | 2.590% | 1-Month LIBOR | 2.500% | 1/31/28 | BB+ | 13,196,116 | |
2,585 | Diamond Sports Group, LLC, Term Loan | 3.340% | 1-Month LIBOR | 3.250% | 8/24/26 | Caa1 | 1,376,451 | |
9,472 | DirecTV Financing, LLC, Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 8/02/27 | BBB- | 9,489,760 | |
7,500 | Gray Television, Inc., Term Loan B | 2.332% | 1-Month LIBOR | 2.250% | 2/07/24 | BB+ | 7,483,313 | |
4,280 | Gray Television, Inc., Term Loan C | 2.582% | 1-Month LIBOR | 2.500% | 1/02/26 | BB+ | 4,258,936 | |
12 | Houghton Mifflin Harcourt Publishing Company, Term Loan B | 7.250% | 1-Month LIBOR | 6.250% | 11/22/24 | BB+ | 12,003 | |
3,406 | iHeartCommunications, Inc., Term Loan | 3.087% | 1-Month LIBOR | 3.000% | 5/01/26 | B+ | 3,384,981 | |
3,627 | Intelsat Jackson Holdings S.A., Term Loan B3, (6) | 8.000% | 1-Month LIBOR | 4.750% | 11/27/23 | N/R | 3,667,545 | |
3,809 | Life Time Fitness Inc , Term Loan B | 3.750% | 1-Month LIBOR | 3.000% | 8/14/26 | B+ | 3,809,479 | |
4,000 | McGraw-Hill Global Education Holdings, LLC, Term Loan | 5.250% | 1-Month LIBOR | 4.750% | 7/30/28 | B2 | 3,976,660 |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Media (continued) | ||||||||
$5,391 | Nexstar Broadcasting, Inc., Term Loan B3 | 2.337% | 1-Month LIBOR | 2.250% | 1/17/24 | BBB- | $5,385,936 | |
1,726 | Nexstar Broadcasting, Inc., Term Loan B4 | 2.582% | 1-Month LIBOR | 2.500% | 9/19/26 | BBB- | 1,724,845 | |
2,656 | Sinclair Television Group Inc., Term Loan B1 | 2.340% | 1-Month LIBOR | 2.250% | 1/03/24 | Ba2 | 2,630,400 | |
4,006 | WideOpenWest Finance LLC, Term Loan B | 4.250% | 1-Month LIBOR | 3.250% | 8/19/23 | B | 4,008,117 | |
16,916 | Ziggo Financing Partnership, USD Term Loan I | 2.590% | 1-Month LIBOR | 2.500% | 4/30/28 | BB | 16,725,535 | |
137,066 | Total Media | 134,436,508 | ||||||
Multiline Retail – 0.3% (0.2% of Total Investments) | ||||||||
328 | Belk, Inc., FLFO Term Loan | 8.500% | 3-Month LIBOR | 7.500% | 7/31/25 | B- | 329,032 | |
1,466 | Belk, Inc., FLSO Term Loan, (cash 5.000%, PIK 8.000%) | 13.000% | 3-Month LIBOR | 13.000% | 7/31/25 | CCC- | 1,120,670 | |
953 | CCC Intelligent Solutions Inc., Term Loan B | 4.132% | 3-Month LIBOR | 4.000% | 2/05/25 | B- | 950,859 | |
2,747 | Total Multiline Retail | 2,400,561 | ||||||
Oil, Gas & Consumable Fuels – 2.8% (1.7% of Total Investments) | ||||||||
3,939 | Avaya, Inc., Term Loan B | 4.132% | 3-Month LIBOR | 4.000% | 2/05/25 | B- | 3,930,780 | |
16,746 | Buckeye Partners, L.P., Term Loan B | 2.334% | 1-Month LIBOR | 2.250% | 11/01/26 | BBB- | 16,684,247 | |
599 | DT Midstream, Inc, Term Loan B | 2.500% | 3-Month LIBOR | 2.000% | 6/10/28 | Baa2 | 600,535 | |
992 | Dynatrace LLC, 1st Lien Term Loan | 2.879% | 3-Month LIBOR | 2.750% | 7/31/25 | B | 977,632 | |
2,089 | Gulf Finance, LLC, Term Loan B | 6.250% | 1-Month LIBOR | 3.750% | 8/25/26 | B- | 2,021,533 | |
1,608 | QuarterNorth Energy Holding Inc., Exit 2nd Lien Term Loan | 9.000% | 3-Month LIBOR | 8.000% | 8/27/26 | B | 1,619,105 | |
25,973 | Total Oil, Gas & Consumable Fuels | 25,833,832 | ||||||
Personal Products – 3.0% (1.9% of Total Investments) | ||||||||
5,894 | Clarios Global LP, Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 12/21/25 | N/R | 5,847,525 | |
1,750 | Conair Holdings, LLC, Term Loan B | 4.250% | 3-Month LIBOR | 3.750% | 5/17/28 | B1 | 1,752,004 | |
6,829 | Coty Inc., USD Term Loan B | 2.337% | 1-Month LIBOR | 2.250% | 4/05/25 | B1 | 6,744,006 | |
2,110 | Journey Personal Care Corp., Term Loan B | 5.000% | 3-Month LIBOR | 4.250% | 3/01/28 | B | 2,104,438 | |
14,860 | Revlon Consumer Products Corporation, Term Loan B, (7) | 4.250% | 3-Month LIBOR | 3.500% | 9/07/23 | CC | 11,826,283 | |
31,443 | Total Personal Products | 28,274,256 | ||||||
Pharmaceuticals – 4.2% (2.6% of Total Investments) | ||||||||
10,953 | Bausch Health Companies Inc., Term Loan B | 3.087% | 1-Month LIBOR | 3.000% | 6/02/25 | BB | 10,940,708 | |
395 | Catalent Pharma Solutions Inc., Term Loan B3 | 2.500% | 1-Month LIBOR | 2.000% | 2/22/28 | BBB- | 396,022 | |
5,570 | Checkout Holding Corp., First Out Term Loan | 2.837% | 1-Month LIBOR | 2.750% | 11/27/25 | BB | 5,559,324 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Pharmaceuticals (continued) | ||||||||
$2,652 | Endo Luxembourg Finance Company I S.a r.l., Term Loan | 5.750% | 3-Month LIBOR | 5.000% | 3/25/28 | B- | $2,593,490 | |
2,419 | Gainwell Acquisition Corp., Term Loan B | 4.750% | 3-Month LIBOR | 4.000% | 10/01/27 | BB- | 2,427,966 | |
5,511 | Jazz Financing Lux S.a.r.l., Term Loan | 4.000% | 1-Month LIBOR | 3.500% | 5/05/28 | BB+ | 5,525,654 | |
9,239 | Mallinckrodt International Finance S.A., USD Term Loan B, (DD1), (6) | 6.000% | 6-Month LIBOR | 5.250% | 9/24/24 | D | 8,626,464 | |
2,993 | Organon & Co, USD Term Loan | 3.500% | 3-Month LIBOR | 3.000% | 6/02/28 | BB | 3,003,108 | |
39,732 | Total Pharmaceuticals | 39,072,736 | ||||||
Professional Services – 1.5% (0.9% of Total Investments) | ||||||||
2,900 | Ceridian HCM Holding Inc., Term Loan B | 2.574% | 1-Week LIBOR | 2.500% | 4/30/25 | B+ | 2,870,504 | |
2,947 | Creative Artists Agency, LLC , Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 11/26/26 | B | 2,936,904 | |
178 | Dun & Bradstreet Corporation (The), Term Loan | 3.338% | 1-Month LIBOR | 3.250% | 2/08/26 | BB+ | 177,247 | |
1,288 | Nielsen Consumer Inc., USD Term Loan B | 4.087% | 1-Month LIBOR | 4.000% | 3/05/28 | BB | 1,293,093 | |
6,361 | Nielsen Finance LLC, USD Term Loan B4 | 2.086% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB- | 6,361,358 | |
13,674 | Total Professional Services | 13,639,106 | ||||||
Real Estate Management & Development – 0.7% (0.5% of Total Investments) | ||||||||
6,885 | CenturyLink, Inc., Term Loan A | 2.587% | 1-Month LIBOR | 2.500% | 8/24/25 | BB+ | 6,820,277 | |
Road & Rail – 1.0% (0.6% of Total Investments) | ||||||||
4,883 | Avolon TLB Borrower 1 (US) LLC, Term Loan B3 | 2.500% | 1-Month LIBOR | 1.750% | 1/15/25 | Baa2 | 4,884,194 | |
3,803 | Hertz Corporation, (The), Term Loan B, (DD1) | 4.000% | 1-Month LIBOR | 3.500% | 6/30/28 | B+ | 3,812,195 | |
719 | Hertz Corporation, (The), Term Loan C, (DD1) | 4.000% | 1-Month LIBOR | 3.500% | 6/30/28 | BB- | 720,169 | |
9,405 | Total Road & Rail | 9,416,558 | ||||||
Semiconductors & Semiconductor Equipment – 2.4% (1.5% of Total Investments) | ||||||||
5,921 | Bright Bidco B.V., Term Loan B, (DD1) | 4.500% | 3-Month LIBOR | 3.500% | 6/30/24 | CCC | 4,415,854 | |
5,650 | CMC Materials, Inc., Term Loan B1 | 2.125% | 1-Month LIBOR | 2.000% | 11/15/25 | BBB- | 5,646,386 | |
6,176 | ON Semiconductor Corporation, Term Loan B | 2.087% | 1-Month LIBOR | 2.000% | 9/19/26 | Baa3 | 6,176,616 | |
6,060 | Standard Industries Inc., Term Loan B, (WI/DD) | TBD | TBD | TBD | TBD | BBB- | 6,060,000 | |
23,807 | Total Semiconductors & Semiconductor Equipment | 22,298,856 | ||||||
Software – 11.8% (7.4% of Total Investments) | ||||||||
2,643 | Apttus Corporation, Term Loan | 5.000% | 3-Month LIBOR | 4.250% | 5/06/28 | BB | 2,660,845 | |
3,980 | Delta TopCo, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 12/01/27 | B2 | 3,979,662 | |
2,452 | DirecTV Financing, LLC, Term Loan | 7.500% | 3-Month LIBOR | 6.750% | 5/03/27 | Caa1 | 2,503,483 | |
4,924 | Dynatrace LLC, 1st Lien Term Loan | 2.337% | 1-Month LIBOR | 2.250% | 8/23/25 | BB+ | 4,920,311 |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Software (continued) | ||||||||
$9,162 | Epicor Software Corporation, Term Loan | 4.000% | 1-Month LIBOR | 3.250% | 7/31/27 | B2 | $9,164,137 | |
5,598 | Finastra USA, Inc., USD 1st Lien Term Loan | 4.500% | 6-Month LIBOR | 3.500% | 6/13/24 | BB- | 5,577,041 | |
12,740 | Fleet U.S. Bidco Inc., Term Loan B | 3.629% | 3-Month LIBOR | 3.500% | 7/25/26 | B | 12,665,153 | |
2,980 | MA FinanceCo., LLC, USD Term Loan B | 5.250% | 3-Month LIBOR | 4.250% | 6/05/25 | BB+ | 3,008,944 | |
1,394 | MA FinanceCo., LLC, USD Term Loan B3 | 2.837% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 1,384,717 | |
768 | McAfee, LLC, USD Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 9/29/24 | BB+ | 769,585 | |
7,000 | Park River Holdings Inc, Term Loan, (WI/DD) | TBD | TBD | TBD | TBD | B1 | 6,992,720 | |
3,125 | Polaris Newco LLC, USD Term Loan B | 4.500% | 3-Month LIBOR | 4.000% | 6/04/28 | B2 | 3,135,969 | |
3,151 | Proofpoint, Inc., 1st Lien Term Loan | 3.750% | 3-Month LIBOR | 3.250% | 8/31/28 | BB- | 3,141,326 | |
3,550 | RealPage, Inc, 1st Lien Term Loan | 3.750% | 1-Month LIBOR | 3.250% | 4/22/28 | B+ | 3,546,770 | |
9,417 | Seattle Spinco, Inc., USD Term Loan B3 | 2.837% | 1-Month LIBOR | 2.750% | 6/21/24 | BB+ | 9,351,335 | |
10,038 | Sophia, L.P., 1st Lien Term Loan | 4.250% | 3-Month LIBOR | 3.500% | 10/07/27 | B | 10,058,195 | |
2,790 | SS&C European Holdings Sarl, Term Loan B4 | 1.837% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 2,764,730 | |
3,671 | SS&C Technologies Inc., Term Loan B3 | 1.837% | 1-Month LIBOR | 1.750% | 4/16/25 | BB+ | 3,638,468 | |
6,760 | Ultimate Software Group Inc(The), Incremental Term Loan | 4.000% | 3-Month LIBOR | 3.250% | 5/03/26 | B1 | 6,779,457 | |
14,700 | Ultimate Software Group Inc(The), Term Loan B | 3.837% | 1-Month LIBOR | 3.750% | 5/03/26 | B1 | 14,740,425 | |
110,843 | Total Software | 110,783,273 | ||||||
Specialty Retail – 3.1% (2.0% of Total Investments) | ||||||||
3,242 | Academy, Ltd., Term Loan | 4.250% | 3-Month LIBOR | 3.750% | 4/28/28 | BB- | 3,247,451 | |
1,306 | Academy, Ltd., Term Loan | 4.500% | 1-Month LIBOR | 3.750% | 11/06/27 | Ba3 | 1,310,508 | |
3,430 | Jo-Ann Stores, Inc., Term Loan B1 | 5.500% | 3-Month LIBOR | 4.750% | 6/30/28 | B | 3,378,550 | |
859 | LBM Acquisition LLC, Incremental Term Loan B2 | 3.879% | 3-Month LIBOR | 3.750% | 12/18/27 | B+ | 849,032 | |
431 | LBM Acquisition LLC, Incremental Term Loan B2, (WI/DD), (5) | TBD | TBD | TBD | TBD | B+ | 425,583 | |
16,319 | PetSmart, Inc., Term Loan B | 4.500% | 3-Month LIBOR | 3.750% | 2/12/28 | BB- | 16,361,367 | |
4,000 | Syniverse Holdings, Inc., Term Loan, First Lien, (WI/DD) | TBD | TBD | TBD | TBD | BB | 4,000,840 | |
29,587 | Total Specialty Retail | 29,573,331 | ||||||
Technology Hardware, Storage & Peripherals – 1.3% (0.8% of Total Investments) | ||||||||
9,394 | Dell International LLC, Term Loan B | 2.000% | 1-Month LIBOR | 1.750% | 9/19/25 | BBB | 9,397,841 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon (2) | Reference Rate (2) | Spread (2) | Maturity (3) | Ratings (4) | Value | |
Technology Hardware, Storage & Peripherals (continued) | ||||||||
$2,562 | Peraton Corp., Term Loan B | 4.500% | 1-Month LIBOR | 3.750% | 2/01/28 | BB- | $2,571,528 | |
11,956 | Total Technology Hardware, Storage & Peripherals | 11,969,369 | ||||||
Textiles, Apparel & Luxury Goods – 0.2% (0.1% of Total Investments) | ||||||||
1,741 | CBI Buyer, Inc., Term Loan | 4.250% | 3-Month LIBOR | 3.250% | 1/06/28 | B1 | 1,738,096 | |
Wireless Telecommunication Services – 0.3% (0.2% of Total Investments) | ||||||||
984 | Altice Financing SA, USD 1st Lien Term Loan | 2.874% | 3-Month LIBOR | 2.750% | 1/31/26 | B | 965,844 | |
1,496 | GOGO Intermediate Holdings LLC, Term Loan B | 3.879% | 3-Month LIBOR | 3.750% | 4/30/28 | B | 1,499,841 | |
2,480 | Total Wireless Telecommunication Services | 2,465,685 | ||||||
$1,303,141 | Total Variable Rate Senior Loan Interests (cost $1,289,129,254) | 1,285,803,727 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
CORPORATE BONDS – 19.5% (12.2% of Total Investments) | ||||||||
Airlines – 0.6% (0.4% of Total Investments) | ||||||||
$5,000 | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd, 144A, (8) | 6.500% | 6/20/27 | Baa3 | $5,441,800 | |||
Auto Components – 0.3% (0.2% of Total Investments) | ||||||||
2,699 | Clarios Global LP / Clarios US Finance Co, 144A, (8) | 6.250% | 5/15/26 | B1 | 2,823,829 | |||
Capital Markets – 0.1% (0.1% of Total Investments) | ||||||||
1,000 | LPL Holdings Inc, 144A, (8) | 4.625% | 11/15/27 | BB | 1,030,000 | |||
Chemicals – 0.2% (0.1% of Total Investments) | ||||||||
2,138 | Rayonier AM Products Inc, 144A, (8) | 7.625% | 1/15/26 | B1 | 2,203,968 | |||
Commercial Services & Supplies – 0.6% (0.4% of Total Investments) | ||||||||
1,200 | GFL Environmental Inc, 144A | 5.125% | 12/15/26 | BB- | 1,254,000 | |||
2,500 | Prime Security Services Borrower LLC / Prime Finance Inc, 144A, (8) | 3.375% | 8/31/27 | BB- | 2,394,725 | |||
1,700 | Prime Security Services Borrower LLC / Prime Finance Inc, 144A | 6.250% | 1/15/28 | B- | 1,742,500 | |||
5,400 | Total Commercial Services & Supplies | 5,391,225 | ||||||
Communications Equipment – 0.9% (0.6% of Total Investments) | ||||||||
2,250 | CommScope Inc, 144A, (8) | 8.250% | 3/01/27 | B- | 2,292,615 | |||
6,750 | CommScope Technologies LLC, 144A, (8) | 5.000% | 3/15/27 | B- | 6,262,916 | |||
9,000 | Total Communications Equipment | 8,555,531 | ||||||
Consumer Finance – 0.6% (0.3% of Total Investments) | ||||||||
5,000 | Verscend Escrow Corp, 144A, (8) | 9.750% | 8/15/26 | CCC+ | 5,296,550 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Diversified Telecommunication Services – 1.7% (1.1% of Total Investments) | ||||||||
$6,000 | Avaya Inc, 144A, (8) | 6.125% | 9/15/28 | B+ | $6,241,800 | |||
5,000 | DIRECTV Holdings LLC / DIRECTV Financing Co Inc, 144A, (8) | 5.875% | 8/15/27 | BBB- | 5,183,250 | |||
5,000 | Lumen Technologies Inc, (8) | 5.800% | 3/15/22 | BB | 5,056,900 | |||
16,000 | Total Diversified Telecommunication Services | 16,481,950 | ||||||
Electric Utilities – 0.1% (0.0% of Total Investments) | ||||||||
3,750 | Bruce Mansfield Unit 1 2007 Pass-Through Trust, (6) | 6.850% | 6/01/34 | N/R | 4,687 | |||
265 | Pacific Gas and Electric Co | 3.450% | 7/01/25 | BBB- | 276,251 | |||
265 | Pacific Gas and Electric Co | 3.750% | 7/01/28 | BBB- | 277,830 | |||
4,280 | Total Electric Utilities | 558,768 | ||||||
Equity Real Estate Investment Trust – 0.7% (0.4% of Total Investments) | ||||||||
6,000 | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC, 144A, (8) | 7.875% | 2/15/25 | B | 6,310,200 | |||
Food & Staples Retailing – 0.7% (0.4% of Total Investments) | ||||||||
4,000 | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 144A, (8) | 4.625% | 1/15/27 | BB | 4,186,200 | |||
2,000 | JBS USA Food Co, 144A, (8) | 5.750% | 1/15/28 | BBB- | 2,085,020 | |||
6,000 | Total Food & Staples Retailing | 6,271,220 | ||||||
Food Products – 0.2% (0.1% of Total Investments) | ||||||||
2,000 | H-Food Holdings LLC / Hearthside Finance Co Inc, 144A, (8) | 8.500% | 6/01/26 | CCC | 2,065,000 | |||
Gas Utilities – 0.1% (0.1% of Total Investments) | ||||||||
500 | NGL Energy Partners LP / NGL Energy Finance Corp, (8) | 7.500% | 11/01/23 | CCC+ | 480,000 | |||
500 | NGL Energy Partners LP / NGL Energy Finance Corp, (8) | 6.125% | 3/01/25 | CCC+ | 424,850 | |||
1,000 | Total Gas Utilities | 904,850 | ||||||
Health Care Providers & Services – 3.8% (2.4% of Total Investments) | ||||||||
2,000 | CHS/Community Health Systems Inc, 144A, (8) | 6.625% | 2/15/25 | BB- | 2,080,000 | |||
3,335 | CHS/Community Health Systems Inc, 144A, (8) | 8.000% | 3/15/26 | BB- | 3,518,425 | |||
725 | CHS/Community Health Systems Inc, 144A, (8) | 8.000% | 12/15/27 | BB- | 785,719 | |||
2,000 | CHS/Community Health Systems Inc, 144A, (8) | 6.875% | 4/15/29 | CCC | 2,057,500 | |||
4,750 | Legacy LifePoint Health LLC, 144A, (8) | 4.375% | 2/15/27 | B1 | 4,702,500 | |||
2,590 | LifePoint Health Inc, 144A | 5.375% | 1/15/29 | CCC+ | 2,538,200 | |||
2,500 | Molina Healthcare Inc, (8) | 5.375% | 11/15/22 | BB- | 2,568,750 | |||
4,850 | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc, 144A, (8) | 9.750% | 12/01/26 | CCC+ | 5,116,750 | |||
1,225 | Team Health Holdings Inc, 144A | 6.375% | 2/01/25 | CCC | 1,084,125 | |||
2,000 | Tenet Healthcare Corp, 144A, (8) | 7.500% | 4/01/25 | B+ | 2,122,500 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Health Care Providers & Services (continued) | ||||||||
$8,500 | Tenet Healthcare Corp, 144A, (8) | 6.125% | 10/01/28 | B | $8,924,575 | |||
34,475 | Total Health Care Providers & Services | 35,499,044 | ||||||
Health Care Technology – 0.2% (0.1% of Total Investments) | ||||||||
1,840 | Change Healthcare Holdings LLC / Change Healthcare Finance Inc, 144A, (8) | 5.750% | 3/01/25 | B- | 1,853,800 | |||
Hotels, Restaurants & Leisure – 0.6% (0.4% of Total Investments) | ||||||||
5,285 | IRB Holding Corp, 144A, (8) | 6.750% | 2/15/26 | CCC+ | 5,403,912 | |||
Household Durables – 0.0% (0.0% of Total Investments) | ||||||||
505 | Kronos Acquisition Holdings Inc / KIK Custom Products Inc, 144A, (8) | 5.000% | 12/31/26 | B2 | 499,950 | |||
Leisure Products – 0.4% (0.3% of Total Investments) | ||||||||
3,900 | Academy Ltd, 144A, (8) | 6.000% | 11/15/27 | Ba3 | 4,153,500 | |||
Machinery – 0.6% (0.4% of Total Investments) | ||||||||
6,000 | Apex Tool Group LLC / BC Mountain Finance Inc, 144A, (8) | 9.000% | 2/15/23 | CCC | 6,007,500 | |||
Media – 1.8% (1.1% of Total Investments) | ||||||||
3,675 | Clear Channel Outdoor Holdings Inc, 144A, (8) | 7.750% | 4/15/28 | CCC | 3,805,297 | |||
2,400 | Clear Channel Outdoor Holdings Inc, 144A, (8) | 7.500% | 6/01/29 | CCC | 2,454,900 | |||
3,000 | Clear Channel Worldwide Holdings Inc, 144A, (8) | 5.125% | 8/15/27 | B+ | 3,077,250 | |||
4,040 | Diamond Sports Group LLC / Diamond Sports Finance Co, 144A | 5.375% | 8/15/26 | CCC+ | 2,282,600 | |||
3,000 | Diamond Sports Group LLC / Diamond Sports Finance Co, 144A | 6.625% | 8/15/27 | CC | 894,645 | |||
4,000 | Houghton Mifflin Harcourt Publishers Inc, 144A, (8) | 9.000% | 2/15/25 | BB+ | 4,240,000 | |||
12 | iHeartCommunications Inc | 6.375% | 5/01/26 | B+ | 12,332 | |||
20,127 | Total Media | 16,767,024 | ||||||
Metals & Mining – 0.4% (0.3% of Total Investments) | ||||||||
2,000 | First Quantum Minerals Ltd, 144A, (8) | 6.500% | 3/01/24 | B | 2,030,000 | |||
2,120 | First Quantum Minerals Ltd, 144A, (8) | 6.875% | 10/15/27 | B | 2,263,100 | |||
4,120 | Total Metals & Mining | 4,293,100 | ||||||
Oil, Gas & Consumable Fuels – 2.2% (1.3% of Total Investments) | ||||||||
1,404 | Baytex Energy Corp, 144A, (8) | 5.625% | 6/01/24 | B+ | 1,415,583 | |||
2,575 | Callon Petroleum Co, (8) | 6.125% | 10/01/24 | B- | 2,540,367 | |||
2,000 | Callon Petroleum Co, 144A | 9.000% | 4/01/25 | N/R | 2,150,000 | |||
2,000 | CITGO Petroleum Corp, 144A, (8) | 7.000% | 6/15/25 | BB | 2,061,200 | |||
1,450 | Gulfport Energy Operating Corp, 144A, (8) | 8.000% | 5/17/26 | BB- | 1,605,875 | |||
1,535 | Laredo Petroleum Inc | 9.500% | 1/15/25 | B | 1,578,118 | |||
1,700 | Matador Resources Co | 5.875% | 9/15/26 | B+ | 1,755,437 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
Oil, Gas & Consumable Fuels (continued) | ||||||||
$6,503 | NGL Energy Operating LLC / NGL Energy Finance Corp, 144A, (8) | 7.500% | 2/01/26 | BB- | $6,594,497 | |||
750 | NGL Energy Partners LP / NGL Energy Finance Corp, (8) | 7.500% | 4/15/26 | CCC+ | 641,025 | |||
19,917 | Total Oil, Gas & Consumable Fuels | 20,342,102 | ||||||
Pharmaceuticals – 0.9% (0.6% of Total Investments) | ||||||||
913 | Endo Dac / Endo Finance LLC / Endo Finco Inc, 144A | 6.000% | 6/30/28 | CCC- | 636,817 | |||
7,000 | Horizon Therapeutics USA Inc, 144A, (8) | 5.500% | 8/01/27 | BB- | 7,376,250 | |||
362 | Par Pharmaceutical Inc, 144A, (8) | 7.500% | 4/01/27 | B- | 365,168 | |||
8,275 | Total Pharmaceuticals | 8,378,235 | ||||||
Software – 0.2% (0.1% of Total Investments) | ||||||||
1,500 | SS&C Technologies Inc, 144A, (8) | 5.500% | 9/30/27 | B+ | 1,578,750 | |||
Specialty Retail – 0.1% (0.1% of Total Investments) | ||||||||
675 | PetSmart Inc / PetSmart Finance Corp, 144A, (8) | 7.750% | 2/15/29 | CCC+ | 729,486 | |||
545 | Staples Inc, 144A, (8) | 7.500% | 4/15/26 | B | 550,880 | |||
1,220 | Total Specialty Retail | 1,280,366 | ||||||
Trading Companies & Distributors – 1.0% (0.6% of Total Investments) | ||||||||
3,000 | Air Lease Corp, (8) | 2.300% | 2/01/25 | BBB | 3,060,647 | |||
6,000 | Air Lease Corp, (8) | 3.000% | 2/01/30 | BBB | 6,068,431 | |||
9,000 | Total Trading Companies & Distributors | 9,129,078 | ||||||
Wireless Telecommunication Services – 0.5% (0.3% of Total Investments) | ||||||||
4,000 | Hughes Satellite Systems Corp, (8) | 5.250% | 8/01/26 | BBB- | 4,465,000 | |||
$185,681 | Total Corporate Bonds (cost $178,638,455) | 182,986,252 |
Shares | Description (1) | Value | ||||||
COMMON STOCKS – 1.3% (0.8% of Total Investments) | ||||||||
Diversified Consumer Services – 0.1% (0.1% of Total Investments) | ||||||||
41,905 | Cengage Learning Holdings II Inc, (9), (10) | $817,147 | ||||||
Electric Utilities – 0.4% (0.3% of Total Investments) | ||||||||
80,962 | Energy Harbor Corp, (9), (10), (11) | 3,876,056 | ||||||
Energy Equipment & Services – 0.0% (0.0% of Total Investments) | ||||||||
31,358 | Vantage Drilling International, (9), (10) | 146,348 | ||||||
Health Care Providers & Services – 0.1% (0.0% of Total Investments) | ||||||||
211,860 | Millennium Health LLC, (7), (10) | 197,877 | ||||||
198,883 | Millennium Health LLC, (7), (10) | 165,869 | ||||||
Total Health Care Providers & Services | 363,746 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||
Internet & Direct Marketing Retail – 0.0% (0.0% of Total Investments) | ||||||||
9,796 | Catalina Marketing Corp, (9), (10) | $28,575 | ||||||
Media – 0.0% (0.0% of Total Investments) | ||||||||
105,553 | Clear Channel Outdoor Holdings Inc, (10) | 306,104 | ||||||
8 | Cumulus Media Inc, (10) | 99 | ||||||
17,987 | Tribune Co, (9), (10) | 180 | ||||||
Total Media | 306,383 | |||||||
Multiline Retail – 0.0% (0.0% of Total Investments) | ||||||||
196 | Belk Inc, (9), (10) | 3,528 | ||||||
Oil, Gas & Consumable Fuels – 0.5% (0.3% of Total Investments) | ||||||||
39,795 | California Resources Corp, (10) | 1,835,743 | ||||||
31,033 | Fieldwood Energy LLC, (9), (10) | 3,180,883 | ||||||
Total Oil, Gas & Consumable Fuels | 5,016,626 | |||||||
Professional Services – 0.2% (0.1% of Total Investments) | ||||||||
164,472 | Skillsoft Corp, (7), (10) | 1,884,208 | ||||||
Total Common Stocks (cost $18,417,295) | 12,442,617 |
Shares | Description (1) | Value | ||||||
WARRANTS – 0.3% (0.2% of Total Investments) | ||||||||
Communications Equipment – 0.0% (0.0% of Total Investments) | ||||||||
37,723 | Avaya Holdings Corp, (9) | $73,560 | ||||||
Media – 0.0% (0.0% of Total Investments) | ||||||||
4,644 | Tenerity Inc, (7) | 5 | ||||||
Oil, Gas & Consumable Fuels – 0.3% (0.2% of Total Investments) | ||||||||
629 | California Resources Corp | 9,743 | ||||||
17,602 | Fieldwood Energy LLC, (9) | 1,804,205 | ||||||
37,801 | Fieldwood Energy LLC, (9) | 359,110 | ||||||
72,802 | Fieldwood Energy LLC, (9) | 400,411 | ||||||
128,834 | Total Oil, Gas & Consumable Fuels | 2,573,469 | ||||||
Entertainment – 0.0% (0.0% of Total Investments) | ||||||||
266,347 | Cineworld Warrant, (9) | 103,342 | ||||||
Total Warrants (cost $6,752,229) | 2,750,376 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (4) | Value | |||
CONVERTIBLE BONDS – 0.2% (0.1% of Total Investments) | ||||||||
Media – 0.2% (0.1% of Total Investments) | ||||||||
$2,000 | DISH Network Corp, (8) | 3.375% | 8/15/26 | B1 | $2,037,673 | |||
$2,000 | Total Convertible Bonds (cost $2,073,498) | 2,037,673 | ||||||
Total Long-Term Investments (cost $1,495,010,731) | 1,486,020,645 |
Shares | Description (1) | Coupon | Value | |||||
SHORT-TERM INVESTMENTS – 1.9% (1.2% of Total Investments) | ||||||||
INVESTMENT COMPANIES – 1.9% (1.2% of Total Investments) | ||||||||
17,729,946 | BlackRock Liquidity Funds T-Fund Portfolio | 0.005% (12) | $17,729,946 | |||||
Total Short-Term Investments (cost $17,729,946) | 17,729,946 | |||||||
Total Investments (cost $1,512,740,677) – 160.2% | 1,503,750,591 | |||||||
Borrowings – (42.8)% (13), (14) | (402,000,000) | |||||||
Reverse Repurchase Agreements, including accrued interest – (15.1)% (15) | (142,117,498) | |||||||
Other Assets Less Liabilities – (2.3)% | (20,882,670) | |||||||
Net Assets Applicable to Common Shares – 100% | $938,750,423 |
JQC | Nuveen Credit Strategies Income Fund (continued) |
Portfolio of Investments October 31, 2021 | |
(Unaudited) |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Variable Rate Senior Loan Interests | $ — | $1,273,977,444 | $11,826,283 | $1,285,803,727 |
Corporate Bonds | — | 182,986,252 | — | 182,986,252 |
Common Stocks | 2,141,946 | 8,052,717 | 2,247,954 | 12,442,617 |
Warrants | 9,743 | 2,740,628 | 5 | 2,750,376 |
Convertible Bonds | — | 2,037,673 | — | 2,037,673 |
Short-Term Investments: | ||||
Investment Companies | 17,729,946 | — | — | 17,729,946 |
Total | $19,881,635 | $1,469,794,714 | $14,074,242 | $1,503,750,591 |
Level 3 | |||
Variable Rate Senior Loan Interests | Common Stocks | Warrants | |
Balance at the beginning of period | $11,733,256 | $1,577,863 | $5 |
Gains (losses): | |||
Net realized gains (losses) | 60 | – | – |
Change in net unrealized appreciation (depreciation) | 29,925 | 670,271 | – |
Purchases at cost | – | – | – |
Sales at proceeds | (39,106) | – | – |
Net discounts (premiums) | 102,148 | – | – |
Transfers into | – | – | – |
Transfers (out of) | – | (180) | – |
Balance at the end of period | $11,826,283 | $2,247,954 | $5 |
Change in net unrealized appreciation (depreciation) during the period of Level 3 securities held as of period end | $29,925 | $670,271 | $162 |
Level 1 | Level 2 | Level 3 | ||||||
Transfers In | (Transfers Out) | Transfers In | (Transfers Out) | Transfers In | (Transfers Out) | |||
Variable Rate Senior Loan Interests | $ — | $ — | $180 | $ — | $ — | $(180) |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate (Reference Rate) plus an assigned fixed rate (Spread). These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. The rate shown is the coupon as of the end of the reporting period. | |
(3) | Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a borrower to prepay, prepayments of senior loans may occur. As a result, the actual remaining maturity of senior loans held may be substantially less than the stated maturities shown. | |
(4) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(5) | Investment, or portion of investment, represents an outstanding unfunded senior loan commitment. | |
(6) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(7) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. | |
(8) | 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 $163,026,457 have been pledged as collateral for reverse repurchase agreements. | |
(9) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(10) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(11) | Common Stock received as part of the bankruptcy settlements during February 2020 for Bruce Mansfield Unit 1 2007 Pass-Through Trust. | |
(12) | The rate shown is the annualized seven-day subsidized yield as of end of the reporting period. | |
(13) | Borrowings as a percentage of Total Investments is 26.7%. | |
(14) | 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. | |
(15) | Reverse Repurchase Agreements, including accrued interest as a percentage of Total Investments is 9.5%. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
DD1 | Portion of investment purchased on a delayed delivery basis. | |
LIBOR | London Inter-Bank Offered Rate | |
N/A | Not Applicable. | |
PIK | Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period. | |
REIT | Real Estate Investment Trust | |
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. |