0001193125-18-360461.txt : 20181228 0001193125-18-360461.hdr.sgml : 20181228 20181228105506 ACCESSION NUMBER: 0001193125-18-360461 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181031 FILED AS OF DATE: 20181228 DATE AS OF CHANGE: 20181228 EFFECTIVENESS DATE: 20181228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN FLOATING RATE INCOME FUND CENTRAL INDEX KEY: 0001276533 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-21494 FILM NUMBER: 181256345 MAIL ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 N-Q 1 d650065dnq.htm NUVEEN FLOATING RATE INCOME FUND Nuveen Floating Rate Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21494

Nuveen Floating Rate Income Fund

(Exact name of registrant as specified in charter)

    333 West Wacker Drive, Chicago, Illinois 60606    

(Address of principal executive offices) (Zip code)

Gifford R. Zimmerman—Vice President and Secretary

    333 West Wacker Drive, Chicago, Illinois 60606    

(Name and address of agent for service)

Registrant’s telephone number, including area code:     312-917-7700    

Date of fiscal year end:       July 31      

Date of reporting period:  October 31, 2018  

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 

 

 


Item 1. Schedule of Investments

 

 


JFR   

Nuveen Floating Rate Income Fund

 

Portfolio of Investments    October 31, 2018

     (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
 

LONG-TERM INVESTMENTS – 156.9% (98.0% of Total Investments)

 

 

VARIABLE RATE SENIOR LOAN INTERESTS – 131.1% (81.8% of Total Investments) (2)

 

      Aerospace & Defense – 2.5% (1.6% of Total Investments)  
$ 765    

Rexnord LLC/ RBS Global, Inc., Term Loan, First Lien

    4.295%        1-Month LIBOR        2.000%        8/21/24        BB+    $ 767,286  
  7,611    

Sequa Corporation, Term Loan B

    7.408%        3-Month LIBOR        5.000%        11/28/21        B      7,530,142  
  2,654    

Sequa Corporation, Term Loan, Second Lien

    11.520%        3-Month LIBOR        9.000%        4/28/22        Caa2      2,610,612  
  2,899    

Transdigm, Inc., Term Loan E

    4.802%        1-Month LIBOR        2.500%        5/30/25        Ba2      2,889,694  
  978    

Transdigm, Inc., Term Loan F

    4.802%        1-Month LIBOR        2.500%        6/09/23        Ba2      974,551  
  1,307    

Transdigm, Inc., Term Loan G, First Lien

    4.802%        1-Month LIBOR        2.500%        8/22/24        Ba2      1,302,618  
  16,214    

Total Aerospace & Defense

                                                 16,074,903  
      Air Freight & Logistics – 0.9% (0.6% of Total Investments)  
  2,000    

Ceva Group PLC, Term Loan, First Lien

    6.136%        3-Month LIBOR        3.750%        8/04/25        BB–      2,006,260  
  1,651    

PAE Holding Corporation, Term Loan B

    7.886%        3-Month LIBOR        5.500%        10/20/22        B+      1,660,370  
  2,166    

XPO Logistics, Inc., Term Loan B

    4.509%        3-Month LIBOR        2.000%        2/24/25        BBB–      2,173,743  
  5,817    

Total Air Freight & Logistics

                                                 5,840,373  
      Airlines – 2.3% (1.4% of Total Investments)  
  4,056    

American Airlines, Inc., Replacement Term Loan

    4.277%        1-Month LIBOR        2.000%        10/10/21        BB+      4,055,835  
  3,354    

American Airlines, Inc., Term Loan 2025

    4.045%        1-Month LIBOR        1.750%        6/27/25        BB+      3,289,655  
  7,611    

American Airlines, Inc., Term Loan B, (DD1)

    4.280%        1-Month LIBOR        2.000%        12/14/23        BB+      7,571,695  
  15,021    

Total Airlines

                                                 14,917,185  
      Auto Components – 0.7% (0.4% of Total Investments)  
  1,412    

DexKo Global, Inc., Term Loan B

    5.802%        1-Month LIBOR        3.500%        7/24/24        B1      1,417,890  
  1,255    

Horizon Global Corporation, Term Loan B

    8.302%        1-Month LIBOR        6.000%        6/30/21        B2      1,218,997  
  1,974    

Superior Industries International, Inc., Term Loan B

    6.302%        1-Month LIBOR        4.000%        5/22/24        B1      1,969,344  
  4,641    

Total Auto Components

                                                 4,606,231  
      Automobiles – 0.9% (0.6% of Total Investments)  
  4,588    

Chrysler Group LLC, Term Loan

    4.300%        1-Month LIBOR        2.000%        12/31/18        Baa2      4,597,657  
  1,489    

Navistar, Inc., Tranche B, Term Loan

    5.780%        1-Month LIBOR        3.500%        11/06/24        Ba3      1,493,708  
  6,077    

Total Automobiles

                                                 6,091,365  
      Beverages – 0.5% (0.3% of Total Investments)  
  3,358    

Jacobs Douwe Egberts, Term Loan B

    4.625%        3-Month LIBOR        2.250%        10/23/25        BB      3,363,019  
      Biotechnology – 0.8% (0.5% of Total Investments)  
  5,418    

Grifols, Inc., Term Loan B

    4.467%        1-Week LIBOR        2.250%        1/31/25        BB+      5,428,579  
      Building Products – 1.2% (0.8% of Total Investments)  
  769    

Fairmount, Initial Term Loan

    6.136%        3-Month LIBOR        3.750%        6/01/25        BB      648,031  
  651    

Ply Gem Industries, Inc., Term Loan B

    6.175%        3-Month LIBOR        3.750%        4/12/25        B+      649,259  
  6,561    

Quikrete Holdings, Inc., Term Loan B

    5.052%        1-Month LIBOR        2.750%        11/15/23        BB–      6,544,179  
  7,981    

Total Building Products

                                                 7,841,469  
      Capital Markets – 2.2% (1.4% of Total Investments)  
  4,373    

Capital Automotive LP, Term Loan, First Lien

    4.810%        1-Month LIBOR        2.500%        3/25/24        B1      4,379,133  
  3,482    

Capital Automotive LP, Term Loan, Second Lien

    8.302%        1-Month LIBOR        6.000%        3/24/25        B3      3,546,938  
  6,060    

RPI Finance Trust, Term Loan B6

    4.386%        3-Month LIBOR        2.000%        3/27/23        BBB–      6,072,823  
  13,915    

Total Capital Markets

                                                 13,998,894  
      Chemicals – 1.2% (0.7% of Total Investments)  
  1,209    

Ineos US Finance LLC, Term Loan

    4.302%        1-Month LIBOR        2.000%        4/01/24        BBB–      1,208,330  
  2,319    

Mineral Technologies, Inc., Term Loan B2

    4.750%        N/A        N/A        5/07/21        BB+      2,327,553  
  600    

SI Group, Term Loan B

    7.186%        3-Month LIBOR        4.750%        10/15/25        BB–      598,125  

 

1


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Chemicals (continued)  
$ 3,392    

Univar, Inc., Term Loan B

    4.552%        1-Month LIBOR        2.250%        7/01/24        BB    $ 3,395,981  
  7,520    

Total Chemicals

                                                 7,529,989  
      Commercial Services & Supplies – 5.5% (3.4% of Total Investments)  
  699    

ADS Waste Holdings, Inc., Term Loan B

    4.460%        1-Week LIBOR        2.250%        11/10/23        BB+      699,899  
  3,461    

Brand Energy & Infrastructure Services, Inc., Term Loan B, First Lien

    6.732%        3-Month LIBOR        4.250%        6/16/24        B      3,481,379  
  696    

Education Management LLC, Tranche A, Term Loan, (6)

    0.000%        N/A        N/A        7/02/20        N/R      48,721  
  1,567    

Education Management LLC, Tranche B, Term Loan, (6)

    0.000%        N/A        N/A        7/02/20        N/R      58,766  
  7,673    

Formula One Group, Term Loan B

    4.802%        1-Month LIBOR        2.500%        2/01/24        B+      7,602,998  
  1,331    

Fort Dearborn Holding Company, Inc., Term Loan, First Lien

    6.407%        3-Month LIBOR        4.000%        10/19/23        B–      1,268,041  
  2,375    

Getty Images, Inc., Term Loan B, First Lien

    5.802%        1-Month LIBOR        3.500%        10/18/19        B3      2,352,164  
  2,500    

GFL Environmental, Term Loan, (WI/DD)

    TBD        TBD        TBD        TBD        B+      2,465,625  
  4,440    

iQor US, Inc., Term Loan, First Lien

    7.400%        3-Month LIBOR        5.000%        4/01/21        Caa1      4,149,892  
  500    

iQor US, Inc., Term Loan, Second Lien

    11.148%        3-Month LIBOR        8.750%        4/01/22        Caa3      398,125  
  1,152    

KAR Auction Services, Inc., Term Loan B5

    4.938%        3-Month LIBOR        2.500%        3/09/23        Ba2      1,155,205  
  1,283    

LSC Communications, Refinancing Term Loan

    7.802%        1-Month LIBOR        5.500%        9/30/22        B1      1,291,354  
  3,430    

Monitronics International, Inc., Term Loan B2, First Lien

    7.886%        3-Month LIBOR        5.500%        9/30/22        Caa1      3,368,912  
  3,289    

Protection One, Inc., Term Loan

    5.052%        1-Month LIBOR        2.750%        5/02/22        BB–      3,295,409  
  1,950    

Universal Services of America, Initial Term Loan, First Lien

    6.136%        3-Month LIBOR        3.750%        7/28/22        BB      1,937,208  
  1,750    

Universal Services of America, Term Loan, Second Lien

    10.794%        2-Month LIBOR        8.500%        7/28/23        CCC+      1,739,063  
  341    

West Corporation, Incremental Term Loan B1

    6.026%        1-Month LIBOR        3.500%        10/10/24        Ba3      337,919  
  38,437    

Total Commercial Services & Supplies

                                                 35,650,680  
      Communications Equipment – 4.2% (2.6% of Total Investments)  
  5,558    

Avaya, Inc., Tranche B Term Loan

    6.530%        1-Month LIBOR        4.250%        12/15/24        BB–      5,587,096  
  1,637    

Mitel US Holdings, Inc., Incremental Term Loan

    6.052%        1-Month LIBOR        3.750%        9/25/23        B+      1,637,124  
  1,600    

Mitel US Holdings, Inc., Term Loan, First Lien, (DD1)

    0.000%        N/A        N/A        N/A        B      1,613,200  
  734    

MultiPlan, Inc., Term Loan B

    5.136%        3-Month LIBOR        2.750%        6/07/23        B+      732,565  
  2,261    

Plantronics, Inc., Term Loan, B

    4.802%        1-Month LIBOR        2.500%        7/02/25        Ba1      2,258,043  
  15,965    

Univision Communications, Inc., Term Loan C5

    5.052%        1-Month LIBOR        2.750%        3/15/24        BB–      15,358,474  
  27,755    

Total Communications Equipment

                                                 27,186,502  
      Construction & Engineering – 0.6% (0.4% of Total Investments)  
  1,995    

KBR, Inc., Term Loan B

    6.045%        1-Month LIBOR        3.750%        4/25/25        B+      2,002,481  
  1,760    

Traverse Midstream Partners, Term Loan B

    6.600%        6-Month LIBOR        4.000%        9/27/24        B+      1,774,202  
  3,755    

Total Construction & Engineering

                                                 3,776,683  
      Consumer Finance – 0.8% (0.5% of Total Investments)  
  2,492    

Vantiv LLC, Repriced Term Loan B4

    4.030%        1-Month LIBOR        1.750%        8/09/24        BBB–      2,490,494  
  2,667    

Verscend Technologies, Term Loan B

    6.802%        1-Month LIBOR        4.500%        8/27/25        B+      2,691,254  
  5,159    

Total Consumer Finance

                                                 5,181,748  
      Containers & Packaging – 0.2% (0.1% of Total Investments)  
  1,397    

Berry Global, Inc., Term Loan Q

    4.277%        1-Month LIBOR        2.000%        10/01/22        BBB–      1,399,100  
      Distributors – 0.3% (0.2% of Total Investments)  
  1,995    

SRS Distribution, Inc., Term Loan B

    5.552%        1-Month LIBOR        3.250%        5/23/25        B      1,956,347  
      Diversified Consumer Services – 2.4% (1.5% of Total Investments)  
  5,813    

Cengage Learning Acquisitions, Inc., Term Loan B

    6.530%        1-Month LIBOR        4.250%        6/07/23        B      5,414,839  
  4,064    

Houghton Mifflin, Term Loan B, First Lien

    5.295%        1-Month LIBOR        3.000%        5/28/21        B      3,745,637  
  2,321    

Laureate Education, Inc., Term Loan B

    6.027%        3-Month LIBOR        3.500%        4/26/24        B+      2,328,794  

 

2


Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Diversified Consumer Services (continued)  
$ 4,000    

Refinitiv US Holdings Inc., Term Loan B

    6.052%        1-Month LIBOR        3.750%        10/01/25        BB+    $ 3,965,000  
  16,198    

Total Diversified Consumer Services

                                                 15,454,270  
      Diversified Financial Services – 2.3% (1.4% of Total Investments)  
  962    

Altisource Solutions S.A R.L., Term Loan B

    6.386%        3-Month LIBOR        4.000%        4/03/24        B+      964,284  
  1,706    

Freedom Mortgage Corporation, Term Loan B

    7.050%        1-Month LIBOR        4.750%        2/23/22        BB–      1,721,071  
  844    

Lions Gate Entertainment Corp., Term Loan B

    4.552%        1-Month LIBOR        2.250%        3/24/25        Ba2      842,099  
  2,032    

Travelport LLC, Term Loan B

    4.814%        3-Month LIBOR        2.500%        3/17/25        B+      2,032,218  
  3,066    

Veritas US, Inc., Term Loan B1

    6.823%        3-Month LIBOR        4.500%        1/27/23        B      2,932,533  
  6,592    

Walter Investment Management Corporation, Tranche B, Term Loan, First Lien

    8.302%        1-Month LIBOR        6.000%        6/30/22        Caa2      6,146,829  
  15,202    

Total Diversified Financial Services

                                                 14,639,034  
      Diversified Telecommunication Services – 6.8% (4.2% of Total Investments)  
  2,166    

CenturyLink, Inc., Initial Term Loan A

    5.052%        1-Month LIBOR        2.750%        11/01/22        BBB–      2,165,235  
  9,626    

CenturyLink, Inc., Term Loan B

    5.052%        1-Month LIBOR        2.750%        1/31/25        BBB–      9,536,118  
  5,796    

Frontier Communications Corporation, Term Loan B

    6.060%        1-Month LIBOR        3.750%        1/14/22        BB      5,628,185  
  465    

Intelsat Jackson Holdings, S.A., Term Loan B4

    6.795%        1-Month LIBOR        4.500%        1/02/24        B1      484,658  
  744    

Intelsat Jackson Holdings, S.A., Term Loan B5

    6.625%        N/A        N/A        1/02/24        B1      765,354  
  5,683    

Level 3 Financing, Inc., Tranche B, Term Loan

    4.530%        1-Month LIBOR        2.250%        2/22/24        BBB–      5,693,906  
  7,000    

Numericable Group S.A., Term Loan B13

    6.280%        1-Month LIBOR        4.000%        8/14/26        B1      6,874,595  
  724    

Windstream Corporation, Term Loan B6

    6.290%        1-Month LIBOR        4.000%        3/29/21        BB      680,865  
  12,000    

Ziggo B.V., Term Loan E

    4.780%        1-Month LIBOR        2.500%        4/15/25        BB      11,783,160  
  44,204    

Total Diversified Telecommunication Services

 

                                43,612,076  
      Electric Utilities – 0.9% (0.6% of Total Investments)  
  857    

EFS Cogen Holdings LLC, Term Loan B

    5.640%        3-Month LIBOR        3.250%        6/28/23        BB–      857,143  
  3,200    

Vistra Operations Co., Term Loan B1

    4.302%        1-Month LIBOR        2.000%        8/01/23        BBB–      3,196,799  
  1,713    

Vistra Operations Co., Term Loan B3

    4.293%        1-Month LIBOR        2.000%        12/31/25        BBB–      1,710,345  
  5,770    

Total Electric Utilities

                                                 5,764,287  
      Electrical Equipment – 0.4% (0.3% of Total Investments)  
  1,742    

TTM Technologies, Inc., Term Loan B

    4.756%        1-Month LIBOR        2.500%        9/28/24        BB+      1,745,403  
  842    

Zebra Technologies Corporation, Term Loan B

    4.063%        3-Month LIBOR        1.750%        10/27/21        BB+      846,321  
  2,584    

Total Electrical Equipment

                                                 2,591,724  
      Energy Equipment & Services – 1.7% (1.1% of Total Investments)  
  1,408    

Cypress Semiconductor Corp, Term Loan B

    4.310%        1-Month LIBOR        2.000%        7/05/21        BB+      1,408,116  
  4,975    

McDermott International, Term Loan

    7.302%        1-Month LIBOR        5.000%        5/12/25        BB–      4,924,006  
  337    

Ocean Rig UDW, Inc., Term Loan

    8.000%        N/A        N/A        9/20/24        B      354,583  
  4,706    

Seadrill Partners LLC, Initial Term Loan

    8.386%        3-Month LIBOR        6.000%        2/21/21        CCC+      4,379,436  
  11,426    

Total Energy Equipment & Services

                                                 11,066,141  
      Equity Real Estate Investment Trusts – 1.0% (0.6% of Total Investments)  
  6,642    

Communications Sales & Leasing, Inc., Shortfall Term Loan

    5.302%        1-Month LIBOR        3.000%        10/24/22        BB+      6,298,579  
      Food & Staples Retailing – 4.5% (2.8% of Total Investments)  
  2,940    

Albertson’s LLC, Term Loan B5

    5.381%        3-Month LIBOR        3.000%        12/21/22        Ba2      2,937,470  
  1,887    

Albertson’s LLC, Term Loan B6

    5.311%        3-Month LIBOR        3.000%        6/22/23        Ba2      1,882,082  
  21,571    

Albertson’s LLC, Term Loan B7, (DD1)

    0.000%        N/A        N/A        10/29/25        Ba2      21,431,690  
  714    

Del Monte Foods Company, Term Loan, First Lien

    5.565%        N/A        N/A        2/18/21        CCC+      634,365  
  1,667    

Hearthside Group Holdings LLC, Term Loan B

    5.302%        1-Month LIBOR        3.000%        5/23/25        B      1,641,046  
  881    

Save-A–Lot, Term Loan B

    8.302%        1-Month LIBOR        6.000%        12/05/23        B3      633,996  
  29,660    

Total Food & Staples Retailing

                                                 29,160,649  
      Food Products – 2.2% (1.3% of Total Investments)  
  1,335    

American Seafoods Group LLC, Term Loan B

    5.060%        1-Month LIBOR        2.750%        8/21/23        BB–      1,334,062  
  12,600    

US Foods, Inc., Term Loan B

    4.302%        1-Month LIBOR        2.000%        6/27/23        BBB–      12,595,679  
  13,935    

Total Food Products

                                                 13,929,741  

 

3


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Health Care Equipment & Supplies – 1.5% (1.0% of Total Investments)  
$ 2,051    

Acelity, Term Loan B

    5.636%        3-Month LIBOR        3.250%        2/02/24        B1    $ 2,060,838  
  1,275    

Greatbatch, New Term Loan B

    5.280%        1-Month LIBOR        3.000%        10/27/22        B+      1,281,874  
  1,000    

LifeScan, Term Loan B

    8.396%        3-Month LIBOR        6.000%        10/01/24        B+      978,750  
  2,234    

Onex Carestream Finance LP, Term Loan, First Lien

    6.302%        1-Month LIBOR        4.000%        6/07/19        B1      2,231,726  
  2,328    

Onex Carestream Finance LP, Term Loan, Second Lien

    10.802%        1-Month LIBOR        8.500%        12/07/19        B–      2,324,774  
  997    

Vyaire Medical, Inc., Term Loan B

    7.136%        3-Month LIBOR        4.750%        4/16/25        B2      982,538  
  9,885    

Total Health Care Equipment & Supplies

                                                 9,860,500  
      Health Care Providers & Services – 6.6% (4.1% of Total Investments)  
  1,879    

Acadia Healthcare, Inc., Term Loan B3

    4.802%        1-Month LIBOR        2.500%        2/11/22        Ba2      1,885,963  
  1,209    

Air Medical Group Holdings, Inc., Term Loan B

    6.530%        1-Month LIBOR        4.250%        3/14/25        B1      1,188,811  
  2,322    

Air Medical Group Holdings, Inc., Term Loan B

    5.534%        1-Month LIBOR        3.250%        4/28/22        B1      2,260,282  
  997    

Ardent Health, Term Loan, First Lien

    6.802%        1-Month LIBOR        4.500%        6/30/25        B1      1,003,580  
  2,748    

Catalent Pharma Solutions, Inc., Term Loan B

    4.552%        1-Month LIBOR        2.250%        5/20/24        BB      2,763,077  
  1,670    

Community Health Systems, Inc., Term Loan H

    5.563%        3-Month LIBOR        3.250%        1/27/21        B      1,638,599  
  1,424    

Concentra, Inc., Term Loan B

    5.030%        1-Month LIBOR        2.750%        10/01/22        B+      1,429,155  
  1,079    

ConvaTec, Inc., Term Loan B

    4.636%        3-Month LIBOR        2.250%        10/25/23        BB      1,079,569  
  674    

DaVita HealthCare Partners, Inc., Tranche B, Term Loan

    5.052%        1-Month LIBOR        2.750%        6/24/21        BBB–      675,728  
  2,559    

HCA, Inc., Term Loan A5

    3.802%        1-Month LIBOR        1.500%        6/10/20        BBB–      2,568,087  
  3,292    

HCA, Inc., Term Loan B11

    4.052%        1-Month LIBOR        1.750%        3/17/23        BBB–      3,308,536  
  1,886    

Healogics, Inc., Term Loan, First Lien

    6.580%        3-Month LIBOR        4.250%        7/01/21        B–      1,777,580  
  132    

Heartland Dental Care, Inc., Delay Draw Facility, (5)

    3.750%        N/A        N/A        4/30/25        B2      131,621  
  877    

Heartland Dental Care, Inc., Term Loan, First Lien

    6.052%        1-Month LIBOR        3.750%        4/30/25        B2      875,280  
  3,421    

Kindred at Home Hospice, Term Loan B

    6.063%        1-Month LIBOR        3.750%        7/02/25        B1      3,440,057  
  1,000    

Kindred at Home Hospice, Term Loan, Second Lien

    9.313%        1-Month LIBOR        7.000%        6/21/26        CCC+      1,024,375  
  2,875    

McGraw-Hill Education Holdings LLC, Term Loan B

    4.780%        1-Month LIBOR        2.500%        3/06/25        Ba2      2,883,069  
  3,656    

Millennium Laboratories, Inc., Term Loan B, First Lien

    8.802%        1-Month LIBOR        6.500%        12/21/20        CCC+      2,028,962  
  6,867    

Pharmaceutical Product Development, Inc., Term Loan B

    4.802%        1-Month LIBOR        2.500%        8/18/22        Ba3      6,855,421  
  1,492    

PharMerica, Term Loan, First Lien

    5.780%        1-Month LIBOR        3.500%        12/06/24        B1      1,499,030  
  1,492    

Prospect Medical Holdings, Term Loan B1

    7.813%        1-Month LIBOR        5.500%        2/22/24        B1      1,505,559  
  269    

Quorum Health Corp., Term Loan B

    9.052%        1-Month LIBOR        6.750%        4/29/22        B1      272,589  
  371    

Vizient, Inc., Term Loan B

    5.052%        1-Month LIBOR        2.750%        2/13/23        Ba3      373,104  
  44,191    

Total Health Care Providers & Services

                                                 42,468,034  
      Health Care Technology – 1.1% (0.7% of Total Investments)  
  6,825    

Emdeon, Inc., Term Loan

    5.173%        1-Month LIBOR        2.750%        3/01/24        Ba3      6,825,444  
      Hotels, Restaurants & Leisure – 13.0% (8.1% of Total Investments)  
  2,559    

24 Hour Fitness Worldwide Inc., Term Loan, B

    5.802%        1-Month LIBOR        3.500%        5/30/25        Ba3      2,566,540  
  1,166    

Aramark Corporation, Term Loan

    4.052%        1-Month LIBOR        1.750%        3/11/25        BBB–      1,167,472  
  995    

Arby’s Restaurant Group, Inc., Term Loan B

    5.460%        2-Month LIBOR        3.250%        2/05/25        B      994,169  
  18,550    

Burger King Corporation, Term Loan B3

    4.552%        1-Month LIBOR        2.250%        2/16/24        Ba3      18,501,688  
  3,524    

Caesars Entertainment Operating Company, Inc., Term Loan B, (DD1)

    4.302%        1-Month LIBOR        2.000%        10/06/24        BB      3,510,399  
  4,962    

Caesars Resort Collection, Term Loan, First Lien

    5.052%        1-Month LIBOR        2.750%        12/23/24        BB      4,969,745  
  2,018    

CCM Merger, Inc., Term Loan B

    4.552%        1-Month LIBOR        2.750%        8/09/21        BB      2,023,789  
  4,594    

CityCenter Holdings LLC, Term Loan B

    4.552%        1-Month LIBOR        2.250%        4/18/24        BB–      4,590,659  
  2,691    

Equinox Holdings, Inc., Term Loan B1

    5.302%        1-Month LIBOR        3.000%        3/08/24        B+      2,703,536  
  982    

Four Seasons Holdings, Inc., Term Loan B

    4.302%        1-Month LIBOR        2.000%        11/30/23        BB      983,900  
  9,579    

Hilton Hotels, Term Loan B

    4.031%        1-Month LIBOR        1.750%        10/25/23        BBB–      9,600,231  
  3,839    

Intrawest Resorts Holdings, Inc., Term Loan B

    5.302%        1-Month LIBOR        3.000%        7/31/24        B      3,848,948  
  2,507    

Life Time Fitness, Inc., Term Loan B

    5.063%        3-Month LIBOR        2.750%        6/10/22        BB–      2,509,223  
  3,330    

MGM Growth Properties, Term Loan B

    4.302%        1-Month LIBOR        2.000%        4/25/25        BB+      3,323,866  
  11,271    

Scientific Games Corp., Initial Term Loan B5

    5.046%        1-Month LIBOR        2.750%        8/14/24        Ba3      11,177,436  
  3,182    

Seaworld Parks and Entertainment, Inc., Term Loan B5

    5.302%        1-Month LIBOR        3.000%        4/01/24        B      3,180,746  
  2,693    

Stars Group Holdings, Term Loan B

    5.886%        3-Month LIBOR        3.500%        7/10/25        B+      2,708,211  
  3,453    

Station Casino LLC, Term Loan B

    4.810%        1-Month LIBOR        2.500%        6/08/23        BB–      3,454,820  
  2,000    

Wyndham International, Inc., Term Loan B

    4.052%        1-Month LIBOR        1.750%        5/30/25        BBB–      2,001,670  
  83,895    

Total Hotels, Restaurants & Leisure

                                                 83,817,048  

 

4


Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Household Durables – 0.3% (0.2% of Total Investments)  
$ 2,291    

Serta Simmons Holdings LLC, Term Loan, First Lien

    5.775%        1-Month LIBOR        3.500%        11/08/23        B–    $ 2,071,941  
      Household Products – 0.8% (0.5% of Total Investments)  
  1,000    

Energizer Holdings, Term Loan B, (WI/DD)

    TBD        TBD        TBD        TBD        BB+      1,002,815  
  3,793    

Reynolds Group Holdings, Inc., Term Loan, First Lien

    5.052%        1-Month LIBOR        2.750%        2/05/23        B+      3,800,590  
  4,793    

Total Household Products

                                                 4,803,405  
      Independent Power & Renewable Electricity Producers – 1.0% (0.6% of Total Investments)  
  6,467    

NRG Energy, Inc., Term Loan B

    4.136%        3-Month LIBOR        1.750%        6/30/23        BBB–      6,451,104  
      Industrial Conglomerates – 0.2% (0.1% of Total Investments)  
  1,493    

Education Advisory Board, Term Loan, First Lien

    6.406%        3-Month LIBOR        3.750%        11/15/24        B2      1,481,306  
      Insurance – 2.2% (1.4% of Total Investments)  
  985    

Acrisure LLC, Term Loan B

    6.552%        1-Month LIBOR        4.250%        11/22/23        B      989,158  
  6,134    

Alliant Holdings I LLC, Term Loan B

    5.280%        1-Month LIBOR        3.000%        5/09/25        B      6,137,718  
  4,007    

Asurion LLC, Term Loan B6

    5.302%        1-Month LIBOR        3.000%        11/03/23        Ba3      4,016,562  
  3,360    

Hub International Holdings, Inc., Term Loan B

    5.490%        3-Month LIBOR        3.000%        4/25/25        B      3,354,860  
  14,486    

Total Insurance

                                                 14,498,298  
      Interactive Media & Services – 0.2% (0.1% of Total Investments)  
  1,513    

Rackspace Hosting, Inc., Refinancing Term B Loan, First Lien

    5.348%        3-Month LIBOR        3.000%        11/03/23        BB+      1,471,283  
      Internet and Direct Marketing Retail – 0.9% (0.6% of Total Investments)  
  746    

Uber Technologies, Inc., Term Loan

    5.780%        1-Month LIBOR        3.500%        7/13/23        N/R      747,245  
  4,995    

Uber Technologies, Inc., Term Loan, (DD1)

    6.281%        1-Month LIBOR        4.000%        4/04/25        N/R      5,000,220  
  5,741    

Total Internet and Direct Marketing Retail

 

                                5,747,465  
      Internet Software & Services – 0.8% (0.5% of Total Investments)  
  1,955    

Ancestry.com, Inc., Term Loan, First Lien

    5.550%        1-Month LIBOR        3.250%        10/19/23        B      1,965,264  
  1,083    

Dynatrace, Term Loan, First Lien

    5.552%        1-Month LIBOR        3.250%        8/22/25        B1      1,091,688  
  110    

Dynatrace, Term Loan, Second Lien

    9.302%        1-Month LIBOR        7.000%        8/21/26        CCC+      111,464  
  2,448    

SkillSoft Corporation, Term Loan, Second Lien

    10.552%        1-Month LIBOR        8.250%        4/28/22        CCC–        1,952,900  
  5,596    

Total Internet Software & Services

                                                 5,121,316  
      IT Services – 5.9% (3.7% of Total Investments)  
  1,130    

DTI Holdings, Inc., Replacement Term Loan B1

    7.276%        2-Month LIBOR        4.750%        9/29/23        B      1,081,524  
  1,068    

Engility Corporation, Term Loan B2

    5.052%        N/A        N/A        8/11/23        BB–      1,071,388  
  3,007    

First Data Corporation, Term Loan, First Lien

    4.287%        1-Month LIBOR        2.000%        7/10/22        BB+      3,000,494  
  9,528    

First Data Corporation, Term Loan, First Lien

    4.287%        1-Month LIBOR        2.000%        4/26/24        BB+      9,487,511  
  1,690    

Gartner, Inc., Term Loan A

    4.052%        1-Month LIBOR        1.750%        3/21/22        Ba1      1,696,241  
  2,992    

GTT Communications, Inc., Term Loan, First Lien

    5.050%        1-Month LIBOR        2.750%        6/02/25        BB–      2,956,620  
  700    

Presidio, Inc., Term Loan B

    5.145%        3-Month LIBOR        2.750%        2/02/24        B+      701,026  
  3,633    

Sabre, Inc., Term Loan B

    4.302%        1-Month LIBOR        2.000%        2/22/24        BB      3,635,682  
  860    

Science Applications International Corporation, Term Loan B, (WI/DD)

    TBD        TBD        TBD        TBD        BB      859,808  
  3,500    

Syniverse Holdings, Inc., Initial Term Loan, Second Lien

    11.280%        1-Month LIBOR        9.000%        3/11/24        CCC+      3,392,077  
  4,677    

Syniverse Holdings, Inc., Tranche Term Loan C

    7.280%        1-Month LIBOR        5.000%        3/09/23        B      4,710,592  
  2,469    

Tempo Acquisition LLC, Term Loan B

    5.302%        1-Month LIBOR        3.000%        5/01/24        B1      2,473,688  
  1,277    

West Corporation, Term Loan B

    6.526%        3-Month LIBOR        4.000%        10/10/24        BB+      1,273,123  
  1,466    

WEX, Inc., Term Loan B

    4.552%        1-Month LIBOR        2.250%        7/01/23        BB–      1,470,832  
  37,997    

Total IT Services

                                                 37,810,606  
      Life Sciences Tools & Services – 0.3% (0.2% of Total Investments)  
  609    

Inventiv Health, Inc., Term Loan B

    4.302%        1-Month LIBOR        2.000%        8/01/24        BB      608,823  
  1,485    

Parexel International Corp., Term Loan B

    5.052%        1-Month LIBOR        2.750%        9/27/24        B1      1,466,675  
  2,094    

Total Life Sciences Tools & Services

                                                 2,075,498  

 

5


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Machinery – 1.0% (0.6% of Total Investments)  
$ 1,011    

BJ’s Wholesale Club, Inc., Term Loan B, First Lien

    5.280%        1-Month LIBOR        3.000%        2/01/24        B+    $ 1,014,367  
  2,598    

Gardner Denver, Inc., Term Loan B

    5.052%        1-Month LIBOR        2.750%        7/30/24        BB      2,606,644  
  1,463    

Gates Global LLC, Term Loan B

    5.052%        1-Month LIBOR        2.750%        4/01/24        B+      1,466,502  
  895    

TNT Crane and Rigging Inc., Initial Term Loan, First Lien

    6.886%        3-Month LIBOR        4.500%        11/27/20        CCC+      856,436  
  850    

TNT Crane and Rigging, Inc., Term Loan, Second Lien

    11.386%        3-Month LIBOR        9.000%        11/26/21        CCC–        742,900  
  6,817    

Total Machinery

                                                 6,686,849  
      Marine – 0.6% (0.4% of Total Investments)  
  1,313    

American Commercial Lines LLC, Term Loan B, First Lien

    11.052%        1-Month LIBOR        8.750%        11/12/20        CCC+      1,007,107  
  3,119    

Harvey Gulf International Marine, Inc., Exit Term Loan

    8.508%        6-Month LIBOR        6.000%        7/02/23        B      3,150,628  
  4,432    

Total Marine

                                                 4,157,735  
      Media – 13.1% (8.2% of Total Investments)  
  2,057    

Advantage Sales & Marketing, Inc., Term Loan, First Lien

    5.552%        1-Month LIBOR        3.250%        7/23/21        B1      1,879,351  
  1,274    

Affinion Group Holdings, Inc., Term Loan, First Lien

    10.040%        1-Month LIBOR        7.750%        5/10/22        B2      1,303,818  
  6,159    

Cequel Communication LLC, Term Loan B, (WI/DD)

    TBD        TBD        TBD        TBD        BB      6,155,789  
  8,286    

Catalina Marketing Corporation, Term Loan, First Lien, (6)

    5.813%        3-Month LIBOR        3.500%        4/09/21        B2      3,148,749  
  2,000    

Catalina Marketing Corporation, Term Loan, Second Lien, (6)

    9.063%        3-Month LIBOR        6.750%        4/11/22        Caa2      178,750  
  4,888    

Charter Communications Operating Holdings LLC, Term Loan B

    4.310%        1-Month LIBOR        2.000%        4/30/25        BBB–      4,893,879  
  2,983    

Cineworld Group PLC, Term Loan B

    4.802%        1-Month LIBOR        2.500%        2/28/25        BB–      2,973,961  
  6,897    

Clear Channel Communications, Inc., Tranche D, Term Loan, (6)

    0.000%        N/A        N/A        1/30/19        CC      5,005,822  
  9,868    

Clear Channel Communications, Inc., Term Loan E, (6)

    0.000%        N/A        N/A        7/30/19        CC      7,151,428  
  2,239    

CSC Holdings LLC, Term Loan B

    4.780%        1-Month LIBOR        2.500%        1/25/26        BB+      2,240,496  
  9,338    

Cumulus Media, Inc., Exit Term Loan

    6.810%        1-Month LIBOR        4.500%        5/13/22        B      9,239,290  
  830    

Gray Television, Inc., Term Loan B2

    4.515%        1-Month LIBOR        2.250%        2/07/24        BB+      831,058  
  2,881    

IMG Worldwide, Inc., Term Loan B

    5.280%        3-Month LIBOR        2.750%        5/18/25        B      2,881,103  
  4,033    

Intelsat Jackson Holdings, S.A., Term Loan B, (DD1)

    6.045%        1-Month LIBOR        3.750%        11/30/23        B1      4,042,580  
  3,922    

McGraw-Hill Education Holdings LLC, Term Loan B

    6.302%        1-Month LIBOR        4.000%        5/02/22        BB+      3,772,545  
  3,546    

Meredith Corporation, Tranche Term Loan B1

    5.052%        1-Month LIBOR        2.750%        1/31/25        BB      3,545,006  
  2,000    

Metro-Goldwyn-Mayer Inc., Term Loan, First Lien

    4.810%        1-Month LIBOR        2.500%        7/03/25        BB      2,005,150  
  1,250    

Metro-Goldwyn-Mayer Inc., Term Loan, Second Lien

    6.810%        1-Month LIBOR        4.500%        7/03/26        B2      1,254,300  
  4,002    

Nexstar Broadcasting, Inc., Term Loan B3, (WI/DD)

    TBD        TBD        TBD        TBD        BB+      4,004,869  
  640    

Nexstar Broadcasting, Inc., Term Loan B3, (WI/DD)

    TBD        TBD        TBD        TBD        BB+      640,651  
  533    

Red Ventures, Term Loan B

    6.302%        1-Month LIBOR        4.000%        11/08/24        BB      536,400  
  2,736    

Sinclair Television Group, Term Loan B2

    4.560%        1-Month LIBOR        2.250%        1/31/24        BB+      2,745,474  
  2,876    

Springer Science & Business Media, Inc., Term Loan B13, First Lien

    5.886%        3-Month LIBOR        3.500%        8/15/22        B      2,888,202  
  3,066    

UPC Financing Partnership, Term Loan AR1, First Lien

    4.780%        1-Month LIBOR        2.500%        1/15/26        BB+      3,058,926  
  8,250    

WideOpenWest Finance LLC, Term Loan B

    5.540%        1-Month LIBOR        3.250%        8/18/23        B      7,988,283  
  96,554    

Total Media

                                                 84,365,880  
      Multiline Retail – 1.4% (0.9% of Total Investments)  
  3,097    

99 Cents Only Stores, Tranche B2, Term Loan, Second Lien, (cash 8.853%, PIK 1.500%)

    8.853%        3-Month LIBOR        6.500%        1/13/22        CCC+      2,982,639  
  1,204    

Belk, Inc., Term Loan B, First Lien

    7.034%        1-Month LIBOR        4.750%        12/12/22        B2      1,014,668  
  1,990    

EG America LLC, Term Loan, First Lien

    6.386%        3-Month LIBOR        4.000%        2/07/25        B      1,994,726  
  1,382    

Hudson’s Bay Company, Term Loan B, First Lien

    5.545%        1-Month LIBOR        3.250%        9/30/22        BB–      1,362,802  
  1,863    

Neiman Marcus Group, Inc., Term Loan

    5.531%        1-Month LIBOR        3.250%        10/25/20        Caa2      1,700,881  
  9,536    

Total Multiline Retail

                                                 9,055,716  

 

6


Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Oil, Gas & Consumable Fuels – 1.8% (1.1% of Total Investments)  
$ 1,451    

BCP Renaissance Parent, Term Loan B

    6.027%        3-Month LIBOR        3.500%        10/31/24        BB–    $ 1,458,163  
  1,750    

California Resources Corporation, Term Loan

    12.670%        1-Month LIBOR        10.375%        12/31/21        B      1,952,711  
  2,350    

California Resources Corporation, Term Loan B

    7.037%        1-Month LIBOR        4.750%        12/31/22        B      2,391,125  
  3,333    

Fieldwood Energy LLC, Exit Term Loan

    7.552%        1-Month LIBOR        5.250%        4/11/22        BB–      3,360,288  
  1,158    

Fieldwood Energy LLC, Exit Term Loan, second Lien

    9.552%        1-Month LIBOR        7.250%        4/11/23        B+      1,119,988  
  1,453    

Peabody Energy Corporation, Term Loan B

    5.052%        1-Month LIBOR        2.750%        3/31/25        BB      1,452,678  
  65    

Southcross Holdings Borrower L.P., Term Loan B, First Lien, (cash 3.500%, PIK 5.500%)

    3.500%        N/A        N/A        4/13/23        CCC      64,927  
  11,560    

Total Oil, Gas & Consumable Fuels

                                                 11,799,880  
      Personal Products – 1.7% (1.1% of Total Investments)  
  6,172    

Coty, Inc., Term Loan A

    4.031%        1-Month LIBOR        1.750%        4/05/23        BB+      6,017,578  
  1,995    

Coty, Inc., Term Loan B

    4.531%        1-Month LIBOR        2.250%        4/07/25        BB+      1,959,250  
  4,380    

Revlon Consumer Products Corporation, Term Loan B, First Lien

    5.813%        3-Month LIBOR        3.500%        11/16/20        B3      3,223,299  
  12,547    

Total Personal Products

                                                 11,200,127  
      Pharmaceuticals – 1.3% (0.8% of Total Investments)  
  1,313    

Alphabet Holding Company, Inc., Initial Term Loan, First Lien

    5.802%        1-Month LIBOR        3.500%        9/26/24        B–      1,261,305  
  4,713    

Concordia International Corp, Term Loan,

    7.781%        1-Month LIBOR        5.500%        9/06/24        B–      4,630,522  
  2,298    

Valeant Pharmaceuticals International, Inc., Term Loan, First Lien

    5.274%        1-Month LIBOR        3.000%        6/02/25        BB–      2,302,213  
  8,324    

Total Pharmaceuticals

                                                 8,194,040  
      Professional Services – 1.7% (1.0% of Total Investments)  
  2,256    

Ceridian HCM Holding, Inc., Term Loan B

    5.552%        1-Month LIBOR        3.250%        4/30/25        B      2,267,705  
  2,955    

Nielsen Finance LLC, Term Loan B4

    4.281%        1-Month LIBOR        2.000%        10/04/23        BBB–      2,945,145  
  1,197    

On Assignment, Inc., Term Loan B

    4.302%        1-Month LIBOR        2.000%        4/02/25        BB      1,200,666  
  4,744    

Skillsoft Corporation, Initial Term Loan, First Lien

    7.052%        1-Month LIBOR        4.750%        4/28/21        B3      4,395,364  
  11,152    

Total Professional Services

                                                 10,808,880  
      Real Estate Management & Development – 1.6% (1.0% of Total Investments)  
  4,750    

GGP, Term Loan B

    4.795%        1-Month LIBOR        2.500%        8/27/25        BB+      4,682,146  
  1,481    

Realogy Group LLC, Term Loan A

    4.530%        1-Month LIBOR        2.250%        2/08/23        BB+      1,481,250  
  1,848    

Realogy Group LLC, Term Loan B

    4.530%        1-Month LIBOR        2.250%        2/08/25        BB+      1,845,695  
  1,975    

Trico Group LLC, Term Loan, First Lien

    8.813%        3-Month LIBOR        6.500%        2/02/24        B      1,982,406  
  10,054    

Total Real Estate Management & Development

 

                                         9,991,497  
      Road & Rail – 2.3% (1.5% of Total Investments)  
  11,174    

Avolon LLC, Term Loan B

    4.280%        1-Month LIBOR        2.000%        1/15/25        BBB–      11,159,607  
  1,945    

Quality Distribution, Incremental Term Loan, First Lien

    7.886%        3-Month LIBOR        5.500%        8/18/22        B2      1,970,528  
  1,948    

Savage Enterprises LLC, Term Loan B

    6.770%        1-Month LIBOR        4.500%        8/01/25        B+      1,967,205  
  15,067    

Total Road & Rail

                                                 15,097,340  
      Semiconductors & Semiconductor Equipment – 1.2% (0.7% of Total Investments)  
  1,302    

Lumileds, Term Loan B

    5.859%        3-Month LIBOR        3.500%        6/30/24        B1      1,276,925  
  2,713    

Microchip Technology., Inc., Term Loan B

    4.310%        1-Month LIBOR        2.000%        5/29/25        Baa3      2,706,896  
  1,711    

Micron Technology, Inc., Term Loan B

    4.060%        1-Month LIBOR        1.750%        4/10/22        Baa2      1,714,902  
  2,021    

ON Semiconductor Corporation, Term Loan B3

    4.052%        1-Month LIBOR        1.750%        3/31/23        Baa3      2,020,459  
  7,747    

Total Semiconductors & Semiconductor Equipment

 

                                7,719,182  
      Software – 11.9% (7.4% of Total Investments)  
  4,312    

Blackboard, Inc., Term Loan B4, (DD1)

    7.445%        3-Month LIBOR        5.000%        6/30/21        B–      4,127,970  
  7,340    

BMC Software, Inc., Term Loan B

    6.648%        3-Month LIBOR        4.250%        9/01/25        B      7,374,878  
  685    

Compuware Corporation, Term Loan, First Lien

    5.787%        1-Month LIBOR        3.500%        8/25/25        B1      691,253  
  3,623    

Ellucian, Term Loan B, First Lien

    5.636%        3-Month LIBOR        3.250%        9/30/22        B      3,634,870  
  4,422    

Greeneden U.S. Holdings II LLC, Term Loan B

    5.802%        1-Month LIBOR        3.500%        12/01/23        B      4,443,808  
  12,045    

Infor (US), Inc., Term Loan B

    4.992%        3-Month LIBOR        2.750%        2/01/22        B1      12,016,282  
  2,505    

Informatica, Term Loan B

    5.552%        1-Month LIBOR        3.250%        8/05/22        B1      2,517,878  

 

7


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (2)      Reference
Rate (2)
     Spread (2)      Maturity (3)      Ratings (4)      Value  
      Software (continued)  
$ 1,478    

Kronos Incorporated, Term Loan B

    5.343%        3-Month LIBOR        3.000%        11/20/23        B    $ 1,481,873  
  1,000    

McAfee Holdings International, Inc., Term Loan, Second Lien

    10.795%        1-Month LIBOR        8.500%        9/29/25        B–      1,020,940  
  4,279    

McAfee LLC, Term Loan B

    6.049%        1-Month LIBOR        4.500%        9/29/24        B1      4,298,149  
  1,152    

Micro Focus International PLC, New Term Loan

    4.802%        1-Month LIBOR        2.500%        6/21/24        BB–      1,150,836  
  7,780    

Micro Focus International PLC, Term Loan B

    4.802%        1-Month LIBOR        2.500%        6/21/24        BB–      7,771,882  
  5,449    

Micro Focus International PLC, Term Loan B2

    4.552%        1-Month LIBOR        2.250%        11/19/21        BB–      5,420,493  
  893    

Misys, New Term Loan, Second Lien

    9.636%        3-Month LIBOR        7.250%        6/13/25        BB–      882,090  
  995    

Mitchell International, Inc., Initial Term Loan, First Lien

    5.552%        1-Month LIBOR        3.250%        11/29/24        B2      992,279  
  667    

Mitchell International, Inc., Initial Term Loan, Second Lien

    9.552%        1-Month LIBOR        7.250%        12/01/25        CCC      670,937  
  1,965    

RP Crown Parent LLC, Term Loan B

    5.052%        1-Month LIBOR        2.750%        10/15/23        B1      1,964,509  
  5,643    

SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B3

    4.552%        1-Month LIBOR        2.250%        4/16/25        BB      5,621,150  
  2,187    

SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B4

    4.552%        1-Month LIBOR        2.250%        4/16/25        BB      2,178,758  
  8,654    

Tibco Software, Inc., Term Loan, First Lien

    5.800%        1-Month LIBOR        3.500%        12/04/20        B1      8,683,981  
  77,074    

Total Software

                                                 76,944,816  
      Specialty Retail – 1.6% (1.0% of Total Investments)  
  2,390    

Academy, Ltd., Term Loan B

    6.259%        1-Month LIBOR        4.000%        7/01/22        CCC+      1,790,396  
  6,399    

Petco Animal Supplies, Inc., Term Loan B1

    5.777%        3-Month LIBOR        3.250%        1/26/23        B2      4,981,633  
  3,855    

Petsmart Inc., Term Loan B, First Lien

    5.280%        1-Month LIBOR        3.000%        3/11/22        B3      3,279,146  
  12,644    

Total Specialty Retail

                                                 10,051,175  
      Technology Hardware, Storage & Peripherals – 5.7% (3.5% of Total Investments)  
  5,708    

Dell International LLC, Replacement Term Loan A2

    4.060%        1-Month LIBOR        1.750%        9/07/21        BBB–      5,707,137  
  1,532    

Dell International LLC, Replacement Term Loan A3

    3.810%        1-Month LIBOR        1.500%        12/31/18        BBB–      1,532,348  
  18,653    

Dell International LLC, Refinancing Term Loan B

    4.310%        1-Month LIBOR        2.000%        9/07/23        BBB–      18,654,258  
  10,606    

Western Digital, Term Loan B

    4.044%        1-Month LIBOR        1.750%        4/29/23        Baa2      10,560,086  
  36,499    

Total Technology Hardware, Storage & Peripherals

 

              36,453,829  
      Trading Companies & Distributors – 0.0% (0.0% of Total Investments)  
  284    

HD Supply Waterworks, Ltd., Term Loan B

    5.317%        3-Month LIBOR        3.000%        8/01/24        B+      283,977  
      Wireless Telecommunication Services – 2.4% (1.5% of Total Investments)  
  4,373    

Asurion LLC, Term Loan B4

    5.302%        1-Month LIBOR        3.000%        8/04/22        Ba3      4,386,373  
  11,328    

Sprint Corporation, Term Loan, First Lien

    4.813%        1-Month LIBOR        2.500%        2/02/24        Ba2      11,336,335  
  15,701    

Total Wireless Telecommunication Services

 

                       15,722,708  
$ 873,340    

Total Variable Rate Senior Loan Interests (cost $864,653,742)

 

     846,396,447  
Principal
Amount (000)
    Description (1)                   Coupon      Maturity      Ratings (4)      Value  
 

CORPORATE BONDS – 20.2% (12.6% of Total Investments)

 

        
      Banks – 0.1% (0.1% of Total Investments)                              
$ 700    

Wells Fargo & Company

                      3.661%        3/04/21        A+    $ 714,216  
      Communications Equipment – 2.4% (1.5% of Total Investments)                       
  210    

Avaya Holdings Corporation, (6), (7)

          7.000%        4/01/19        N/R         
  5,150    

Avaya Holdings Corporation, (6), (7)

          10.500%        3/01/21        N/R         
  8,702    

Intelsat Jackson Holdings SA

          5.500%        8/01/23        CCC+      7,788,290  
  7,080    

Intelsat Jackson Holdings SA, 144A

                      9.750%        7/15/25        CCC+      7,416,300  
  21,142    

Total Communications Equipment

                                                 15,204,590  
      Containers & Packaging – 0.9% (0.5% of Total Investments)                       
  5,718    

Reynolds Group Issuer Inc.

                      5.750%        10/15/20        B+      5,717,736  

 

8


Principal
Amount (000)
    Description (1)                   Coupon      Maturity      Ratings (4)      Value  
      Diversified Financial Services – 0.4% (0.2% of Total Investments)  
$ 2,275    

JPMorgan Chase & Company

                      2.877%        3/09/21        AA–    $ 2,277,923  
      Diversified Telecommunication Services – 2.5% (1.6% of Total Investments)  
  1,730    

CSC Holdings LLC, 144A

          10.125%        1/15/23        B+      1,877,863  
  3,350    

CSC Holdings LLC, 144A

          10.875%        10/15/25        B+      3,865,062  
  11,064    

Intelsat Luxembourg SA

                      7.750%        6/01/21        Ca      10,455,480  
  16,144    

Total Diversified Telecommunication Services

                                                 16,198,405  
      Health Care Providers & Services – 1.6% (1.0% of Total Investments)  
  7,000    

HCA Inc.

          6.500%        2/15/20        BBB–      7,227,500  
  1,260    

Tenet Healthcare Corporation

          4.750%        6/01/20        BB–      1,263,150  
  830    

Tenet Healthcare Corporation

          6.000%        10/01/20        BB–      849,961  
  1,200    

Tenet Healthcare Corporation

                      4.500%        4/01/21        BB–      1,194,000  
  10,290    

Total Health Care Providers & Services

                                                 10,534,611  
      Hotels, Restaurants & Leisure – 1.2% (0.7% of Total Investments)  
  2,000    

MGM Resorts International

          5.250%        3/31/20        BB      2,025,000  
  5,500    

Scientific Games International Inc.

                      10.000%        12/01/22        B–      5,747,500  
  7,500    

Total Hotels, Restaurants & Leisure

                                                 7,772,500  
      Household Durables – 1.4% (0.9% of Total Investments)  
  6,780    

Lennar Corporation

          4.125%        12/01/18        BBB–      6,771,525  
  2,100    

Lennar Corporation

                      4.500%        11/15/19        BBB–      2,107,875  
  8,880    

Total Household Durables

                                                 8,879,400  
      Media – 3.8% (2.4% of Total Investments)  
  1,000    

CCO Holdings LLC

          5.750%        9/01/23        BB+      1,007,500  
  200    

Charter Communications Operating LLC

          3.579%        7/23/20        BBB–      199,734  
  645    

DISH DBS Corporation

          5.125%        5/01/20        BB      646,612  
  2,000    

DISH DBS Corporation

          5.875%        7/15/22        BB      1,890,000  
  2,500    

DISH DBS Corporation

          5.875%        11/15/24        BB      2,125,000  
  2,000    

Hughes Satellite Systems Corporation

          6.500%        6/15/19        BBB–      2,027,700  
  4,812    

iHeartCommunications Inc., (6)

          9.000%        12/15/19        CC      3,464,640  
  16,459    

iHeartCommunications Inc., (6)

          14.000%        2/01/21        C      1,954,546  
  1,762    

iHeartCommunications Inc., 144A, (6)

          11.250%        3/01/21        C      1,215,780  
  8,250    

iHeartCommunications Inc., (6)

          9.000%        3/01/21        CC      5,960,625  
  4,960    

Intelsat Luxembourg SA

                      8.125%        6/01/23        CCC–        4,167,144  
  44,588    

Total Media

                                                 24,659,281  
      Oil, Gas & Consumable Fuels – 1.5% (0.9% of Total Investments)  
  6,905    

California Resources Corporation, 144A

          8.000%        12/15/22        B–      6,145,450  
  700    

Denbury Resources Inc.

          6.375%        8/15/21        CCC+      651,000  
  2,547    

Denbury Resources Inc., 144A

          9.250%        3/31/22        B+      2,655,248  
  225    

EP Energy LLC, 144A

                      9.375%        5/01/24        Caa2      171,000  
  10,377    

Total Oil, Gas & Consumable Fuels

                                                 9,622,698  
      Pharmaceuticals – 0.5% (0.3% of Total Investments)  
  2,000    

Bausch Health Cos Inc., 144A

          6.500%        3/15/22        BB–      2,070,000  
  1,165    

Concordia International Corporation

                      8.000%        9/06/24        B3      1,138,788  
  3,165    

Total Pharmaceuticals

                                                 3,208,788  
      Real Estate Management & Development – 0.6% (0.4% of Total Investments)  
  4,250    

Realogy Group LLC, 144A

                      5.250%        12/01/21        B1      4,175,625  
      Semiconductors & Semiconductor Equipment – 0.4% (0.2% of Total Investments)  
  1,564    

Advanced Micro Devices Inc.

          7.500%        8/15/22        B+      1,712,580  
  930    

Advanced Micro Devices Inc.

                      7.000%        7/01/24        B+      968,363  
  2,494    

Total Semiconductors & Semiconductor Equipment

                                                 2,680,943  

 

9


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

Principal
Amount (000)
    Description (1)                   Coupon      Maturity      Ratings (4)      Value  
      Software – 0.9% (0.6% of Total Investments)  
$ 3,650    

Infor US Inc., 144A

          5.750%        8/15/20        B1    $ 3,691,062  
  2,000    

TIBCO Software Inc., 144A

                      11.375%        12/01/21        CCC+      2,120,000  
  5,650    

Total Software

                                                 5,811,062  
      Wireless Telecommunication Services – 2.0% (1.3% of Total Investments)  
  750    

Level 3 Financing Inc.

          5.375%        8/15/22        BB      750,937  
  2,250    

Sprint Communications Inc.

          7.000%        8/15/20        B+      2,328,750  
  7,750    

Sprint Corporation

          7.875%        9/15/23        B+      8,273,125  
  1,750    

Sprint Corporation

                      7.125%        6/15/24        B+      1,789,375  
  12,500    

Total Wireless Telecommunication Services

                                                 13,142,187  
$ 155,673    

Total Corporate Bonds (cost $137,886,359)

                                                 130,599,965  
Shares     Description (1)                                           Value  
 

COMMON STOCKS – 2.4% (1.5% of Total Investments)

 

      Diversified Consumer Services – 0.1% (0.1% of Total Investments)  
  56,310    

Cengage Learning Holdings II Inc., (8), (9)

                                               $ 511,464  
      Energy Equipment & Services – 0.5% (0.3% of Total Investments)  
  39,026    

C&J Energy Services Inc., (8)

                   732,908  
  51,606    

Ocean Rig UDW Inc., (8)

                   1,563,146  
  2,712    

Vantage Drilling International, (8), (9)

                                                 828,969  
 

Total Energy Equipment & Services

                                                 3,125,023  
      Health Care Providers & Services – 0.0% (0.0% of Total Investments)  
  74,059    

Millennium Health LLC, (8), (9)

                   4,295  
  68,990    

Millennium Health LLC, (7), (8)

                   136,626  
  64,762    

Millennium Health LLC, (7), (8)

                                                 121,776  
 

Total Health Care Providers & Services

                                                 262,697  
      Marine – 0.3% (0.2% of Total Investments)  
  32,786    

HGIM Corporation, (9)

                   1,737,658  
  7,338    

HGIM Corporation, (8), (9)

                                                 388,914  
 

Total Marine

                                                 2,126,572  
      Media – 0.7% (0.4% of Total Investments)  
  119,154    

Cumulus Media Inc., (8)

                   1,734,882  
  1,973,746    

Hibu PLC, (8), (9)

                   592,124  
  26,045    

Metro-Goldwyn-Mayer Inc., (8), (9)

                   2,200,803  
  45,941    

Tribune Media Company, (9)

                                                 22,971  
 

Total Media

                                                 4,550,780  
      Oil, Gas & Consumable Fuels – 0.0% (0.0% of Total Investments)  
  64    

Southcross Holdings Borrower LP, (8), (9)

                                                 48,000  
      Pharmaceuticals – 0.1% (0.1% of Total Investments)  
  34,292    

Concordia International Corporation, (8)

                                                 696,549  
      Software – 0.7% (0.4% of Total Investments)  
  254,188    

Avaya Holdings Corporation, (8)

                                                 4,173,771  
      Specialty Retail – 0.0% (0.0% of Total Investments)  
  10,908    

Gymboree Holding Corporation, (8), (9)

                   51,813  
  29,698    

Gymboree Holding Corporation, (8), (9)

                                                 141,066  
 

Total Specialty Retail

                                                 192,879  
 

Total Common Stocks (cost $23,249,546)

                                                 15,687,735  

 

10


Shares     Description (1), (10)                                           Value  
 

INVESTMENTS COMPANIES – 1.7% (1.1% of Total Investments)

 

  353,668    

Eaton Vance Floating-Rate Income Trust Fund

                 $ 4,859,398  
  968,586    

Eaton Vance Senior Income Trust

                                                 6,024,605  
 

Total Investment Companies (cost $11,981,509)

                                                 10,884,003  
Principal
Amount (000)
    Description (1)                   Coupon      Maturity      Ratings (4)      Value  
      ASSET-BACKED SECURITIES – 1.4% (0.9% of Total Investments)  
$ 1,200    

Bristol Park CLO LTD, Series 2016-1A, 144A, (3-Month LIBOR reference rate + 7.250% spread), (11)

          9.686%        4/15/29        Ba3      $ 1,222,702  
  500    

Carlyle Global Market Strategies Collateralized Loan Obligations, Series 2013-2A, 144A

          1.000%        1/18/29        BB–        497,184
  1,200    

Dryden 50 Senior Loan Fund, Series 2017-50A, 144A, (3-Month LIBOR reference rate + 6.260% spread), (11)

          8.696%        7/15/30        Ba3        1,208,676  
  1,250    

Gilbert Park CLO LTD, Series 2017-1A, 144A, (3-Month LIBOR reference rate + 6.400% spread), (11)

          8.836%        10/15/30        Ba3        1,262,626  
  1,500    

Madison Park Funding Limited, Collateralized Loan Obligations, Series 2015-16A, 144A, (3-Month LIBOR reference rate + 7.620% spread), (11)

          10.070%        1/20/29        BB        1,514,867  
  2,750    

Madison Park Funding Limited, Collateralized Loan Obligations, Series 2012-10A, 144A, (3-Month LIBOR reference rate + 5.500% spread), (11)

          7.969%        4/20/26        Ba3        2,750,836  
  600    

Neuberger Berman Loan Advisers CLO 28 Limited, Series 2018-28A, 144A, (3-Month LIBOR reference rate + 5.600% spread), (11)

                      8.069%        4/20/30        BB–        599,978  
$ 9,000    

Total Asset-Backed Securities (cost $8,809,964)

                                                 9,056,869  
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)  
  2,637    

Fieldwood Energy LLC, (8), (9)

                 $ 129,213  
  13,053    

Fieldwood Energy LLC, (7), (8)

                                                 568,628  
 

Total Common Stock Rights (cost $372,582)

                                                 697,841  
Shares     Description (1)                                           Value  
 

WARRANTS – 0.0% (0.0% of Total Investments)

 

  21,002    

Avaya Holdings Corporation

                                               $ 47,254  
 

Total Warrants (cost $1,915,310)

                                                 47,254  
Principal
Amount (000)
    Description (1)                   Coupon      Maturity      Ratings (4)      Value  
 

CONVERTIBLE BONDS – 0.0% (0.0% of Total Investments)

 

      Communications Equipment – 0.0% (0.0% of Total Investments)  
$ 850    

Nortel Networks Limited, (6)

                      1.750%        4/15/12        N/R      $ 25,500  
$ 850    

Total Convertible Bonds (cost $13,960)

                                                 25,500  
 

Total Long-Term Investments (cost $1,048,882,972)

                                                 1,013,395,614  
Shares     Description (1)                   Coupon                      Value  
 

SHORT-TERM INVESTMENTS – 3.3% (2.0% of Total Investments)

 

 

INVESTMENT COMPANIES – 3.3% (2.0% of Total Investments)

 

  21,109,693    

BlackRock Liquidity Funds T-Fund Portfolio, (10)

                      2.082% (12)                        $ 21,109,693  
 

Total Short-Term Investments (cost $21,109,693)

 

     21,109,693  
 

Total Investments (cost $1,069,992,665) – 160.2%

 

     1,034,505,307  
 

Borrowings – (39.4)% (13), (14)

 

     (254,300,000
 

Term Preferred Shares, net of deferred offering costs – (19.2)% (15)

 

     (124,079,960
 

Other Assets Less Liabilities – (1.6)% (16)

 

     (10,440,075
 

Net Assets Applicable to Common Shares – 100%

 

   $ 645,685,272  

 

11


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

Investments in Derivatives

Interest Rate Swaps – OTC Uncleared

 

Counterparty   Notional
Amount
    Fund
Pay/Receive
Floating Rate
    Floating Rate Index     Fixed Rate
(Annualized)
    Fixed Rate
Payment
Frequency
    Maturity
Date
    Value     Unrealized
Appreciation
(Depreciation)
 

Morgan Stanley Capital Services LLC

  $ 25,000,000       Pay       1-Month LIBOR       3.350% (17)       Monthly       1/01/22 (18)     $ (487,176   $ (487,176

Morgan Stanley Capital Services LLC

    35,000,000       Pay       1-Month LIBOR       5.750       Monthly       6/01/24 (19)       (36,637     (36,637

Morgan Stanley Capital Services LLC

    55,000,000       Pay       1-Month LIBOR       4.000       Monthly       1/01/27 (20)       (2,515,318     (2,515,318

Total

  $ 115,000,000                                             $ (3,039,131   $ (3,039,131

Fair Value Measurements

Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

 

Level 1 –   Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –   Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 –   Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

 

        Level 1      Level 2      Level 3      Total  

Long-Term Investments:

             

Variable Rate Senior Loan Interests

     $      $ 846,396,447      $      $ 846,396,447  

Corporate Bonds

              130,599,965             130,599,965  

Common Stocks

       8,901,256        6,528,077        258,402        15,687,735  

Investment Companies

       10,884,003                      10,884,003  

Asset-Backed Securities

              9,056,869               9,056,869  

Common Stock Rights

              129,213        568,628        697,841  

Warrants

       47,254                      47,254  

Convertible Bonds

              25,500               25,500  

Short-Term Investments:

             

Investment Companies

       21,109,693                      21,109,693  

Investments in Derivatives:

             

Interest Rate Swaps**

              (3,039,131             (3,039,131

Total

     $ 40,942,206      $ 989,696,940      $ 827,030      $ 1,031,466,176  
*

Value equals zero as of the end of the reporting period.

**

Represents net unrealized appreciation (depreciation).

 

12


Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to recognition of market discount accretion and timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

The tables below present the cost and unrealized appreciation (depreciation) of the Fund’s investment portfolio, as determined on a federal income tax basis, as of October 31, 2018.

For purposes of this disclosure, derivative tax cost is generally the sum of any upfront fees or premiums exchanged and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting. If a particular derivative category does not disclose any tax unrealized appreciation or depreciation, the change in value of those derivatives have generally been fully realized for tax purposes.

 

Tax cost of investments

     $ 1,082,771,531  

Gross unrealized:

          

Appreciation

     $ 14,427,458  

Depreciation

       (62,693,682

Net unrealized appreciation (depreciation) of investments

     $ (48,266,224
    

Tax cost of swaps

     $  

Net unrealized appreciation (depreciation) on swaps

       (3,039,131

 

13


JFR    Nuveen Floating Rate Income Fund (continued)
   Portfolio of Investments    October 31, 2018
   (Unaudited)

 

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

 

(1)

All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.

 

(2)

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)

As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.

 

(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)

Non-income producing; issuer has not declared a dividend within the past twelve months.

 

(9)

For fair value measurement disclosure purposes, investment classified as Level 2.

 

(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 the http://www.sec.gov.

 

(11)

Variable rate security. The rate shown is the coupon as of the end of the reporting period.

 

(12)

The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.

 

(13)

Borrowings as a percentage of Total Investments is 24.6%.

 

(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)

Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 12.0%.

 

(16)

Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable.

 

(17)

Effective April 1, 2017, the fixed rate paid by the Fund will increase according to a predetermined schedule as specified in the swap contract. Additionally, this fixed rate increase will continue to occur every three months on specific dates through the swap contract’s termination date.

 

(18)

This interest rate swap has an optional early termination date beginning on January 1, 2019 and monthly thereafter through the termination date as specified in the swap contract.

 

(19)

This interest rate swap has an optional early termination date beginning on June 1, 2020 and monthly thereafter through the termination date as specified in the swap contract.

 

(20)

This interest rate swap has an optional early termination date beginning on January 1, 2021 and monthly thereafter through the termination date as specified in the swap contract.

 

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.

 

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.

 

14


Item 2. Controls and Procedures.

 

  a.

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

  b.

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)    Nuveen Floating Rate Income Fund   
By (Signature and Title)    /s/ Gifford R. Zimmerman                                                       
   Gifford R. Zimmerman   
   Vice President and Secretary   

Date: December 28, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)    /s/ Cedric H. Antosiewicz                                                        
   Cedric H. Antosiewicz   
   Chief Administrative Officer (principal executive officer)   
Date: December 28, 2018      
By (Signature and Title)    /s/ Stephen D. Foy                                                                    
   Stephen D. Foy   
   Vice President and Controller (principal financial officer)   
Date: December 28, 2018      

 

 

EX-99.CERT 2 d650065dex99cert.htm CERTIFICATIONS Certifications

Exhibit 99.CERT

CERTIFICATIONS

I, Cedric H. Antosiewicz, certify that:

 

  1.

I have reviewed this report on Form N-Q of Nuveen Floating Rate Income Fund;

 

  2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

  4.

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c.

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

  d.

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5.

The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 28, 2018

 

              /s/ Cedric H. Antosiewicz               
  Cedric H. Antosiewicz  
  Chief Administrative Officer  
  (principal executive officer)  

 

 


CERTIFICATIONS

I, Stephen D. Foy, certify that:

 

  1.

I have reviewed this report on Form N-Q of Nuveen Floating Rate Income Fund;

 

  2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

  4.

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c.

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

  d.

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5.

The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 28, 2018

 

                  /s/ Stephen D. Foy                  
  Stephen D. Foy  
  Vice President and Controller  
  (principal financial officer)