NPORT-EX 1 JSD.htm
JSD
Nuveen Short Duration Credit Opportunities Fund
Portfolio of Investments    April 30, 2019
(Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    LONG-TERM INVESTMENTS – 159.3% (96.2% of Total Investments)            
    VARIABLE RATE SENIOR LOAN INTERESTS – 143.9% (86.9% of Total Investments) (2)            
    Aerospace & Defense – 2.8% (1.7% of Total Investments)            
$2,380   Sequa Corporation, Term Loan, First Lien 7.776% 3-Month LIBOR 5.000% 11/28/21 B- $2,357,711
854   Sequa Corporation, Term Loan, Second Lien 11.583% 3-Month LIBOR 9.000% 4/28/22 Caa2 840,572
1,646   Transdigm, Inc., Term Loan F 4.983% 1-Month LIBOR 2.500% 6/09/23 Ba3 1,643,142
4,880   Total Aerospace & Defense           4,841,425
    Air Freight & Logistics – 1.3% (0.8% of Total Investments)            
741   Ceva Group PLC, Term Loan B, (WI/DD) TBD TBD TBD TBD B1 716,467
803   PAE Holding Corporation, Term Loan B 7.983% 1-Month LIBOR 5.500% 10/20/22 B+ 804,598
722   XPO Logistics, Inc., Term Loan B 4.483% 1-Month LIBOR 2.000% 2/24/25 BBB- 719,494
2,266   Total Air Freight & Logistics           2,240,559
    Airlines – 2.3% (1.4% of Total Investments)            
1,680   American Airlines, Inc., Replacement Term Loan 4.481% 1-Month LIBOR 2.000% 10/10/21 BB+ 1,679,479
595   American Airlines, Inc., Term Loan 2025 4.229% 1-Month LIBOR 1.750% 6/27/25 BB+ 587,908
495   American Airlines, Inc., Term Loan B 4.479% 1-Month LIBOR 2.000% 4/28/23 BB+ 492,300
1,305   American Airlines, Inc., Term Loan B 4.473% 1-Month LIBOR 2.000% 12/14/23 BB+ 1,298,346
4,075   Total Airlines           4,058,033
    Auto Components – 1.3% (0.8% of Total Investments)            
843   DexKo Global, Inc., Term Loan B 5.983% 1-Month LIBOR 3.500% 7/24/24 B1 842,899
1,000   Johnson Controls Inc., Term Loan B, (WI/DD) TBD TBD TBD TBD Ba3 1,005,305
490   Superior Industries International, Inc., Term Loan B 6.483% 1-Month LIBOR 4.000% 5/22/24 B1 484,205
2,333   Total Auto Components           2,332,409
    Beverages – 0.8% (0.5% of Total Investments)            
1,439   Jacobs Douwe Egberts, Term Loan B 4.563% 1-Month LIBOR 2.000% 11/01/25 Ba2 1,444,891
    Biotechnology – 1.1% (0.7% of Total Investments)            
1,960   Grifols, Inc., Term Loan B 4.674% 1-Week LIBOR 2.250% 1/31/25 BB 1,964,900
    Building Products – 1.9% (1.1% of Total Investments)            
600   ACProducts, Inc., Term Loan, First Lien 7.983% 1-Month LIBOR 5.500% 2/15/24 B+ 573,000
345   Fairmount, Initial Term Loan 6.598% 3-Month LIBOR 3.750% 6/01/25 BB 307,843
324   Ply Gem Industries, Inc., Term Loan B 6.354% 3-Month LIBOR 3.750% 4/12/25 B+ 319,864
1

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Building Products (continued)            
$2,049   Quikrete Holdings, Inc., Term Loan B 5.233% 1-Month LIBOR 2.750% 11/15/23 BB- $2,042,932
3,318   Total Building Products           3,243,639
    Capital Markets – 2.0% (1.2% of Total Investments)            
1,741   Capital Automotive LP, Term Loan, Second Lien 8.483% 1-Month LIBOR 6.000% 3/24/25 B3 1,753,885
1,687   RPI Finance Trust, Term Loan B6 4.483% 1-Month LIBOR 2.000% 3/27/23 BBB- 1,691,255
3,428   Total Capital Markets           3,445,140
    Chemicals – 0.4% (0.2% of Total Investments)            
422   Ineos US Finance LLC, Term Loan 4.483% 1-Month LIBOR 2.000% 4/01/24 BB+ 420,941
299   SI Group, Term Loan B 7.348% 3-Month LIBOR 4.750% 10/15/25 B 301,118
721   Total Chemicals           722,059
    Commercial Services & Supplies – 5.3% (3.2% of Total Investments)            
956   Brand Energy & Infrastructure Services, Inc., Term Loan B, First Lien 6.823% 3-Month LIBOR 4.250% 6/21/24 B 940,503
2,748   Formula One Group, Term Loan B 4.983% 1-Month LIBOR 2.500% 2/01/24 B+ 2,715,236
154   Fort Dearborn Holding Company, Inc., Term Loan, First Lien 6.598% 3-Month LIBOR 4.000% 10/19/23 B2 153,676
497   GFL Environmental, Term Loan 5.483% 1-Month LIBOR 3.000% 5/31/25 B+ 494,228
1,905   iQor US, Inc., Term Loan, First Lien 7.592% 3-Month LIBOR 5.000% 4/01/21 Caa1 1,804,406
167   iQor US, Inc., Term Loan, Second Lien 11.342% 3-Month LIBOR 8.750% 4/01/22 Caa3 136,111
764   KAR Auction Services, Inc., Term Loan B5 5.125% 3-Month LIBOR 2.500% 3/09/23 Ba2 765,528
677   LSC Communications, Refinancing Term Loan 7.931% 1-Week LIBOR 5.500% 9/30/22 B1 679,204
503   Protection One, Inc., Term Loan 5.233% 1-Month LIBOR 2.750% 5/02/22 BB- 504,729
970   Universal Services of America, Initial Term Loan, First Lien 6.233% 1-Month LIBOR 3.750% 7/28/22 B2 958,394
170   West Corporation, Incremental Term Loan B1 6.129% 3-Month LIBOR 3.500% 10/10/24 Ba3 164,045
9,511   Total Commercial Services & Supplies           9,316,060
    Communications Equipment – 3.0% (1.8% of Total Investments)            
2,275   Avaya, Inc., Term Loan B 6.723% 1-Month LIBOR 4.250% 12/15/24 B 2,284,468
168   CBS Radio, Inc., Term Loan B 5.229% 1-Month LIBOR 2.750% 11/18/24 BB 167,834
1,350   CommScope, Inc., Term Loan B 5.733% 1-Month LIBOR 3.250% 4/06/26 Ba1 1,363,709
898   Mitel US Holdings, Inc., Term Loan, First Lien 6.983% 1-Month LIBOR 4.500% 11/30/25 B 890,343
519   Plantronics, Term Loan B 4.983% 1-Month LIBOR 2.500% 7/02/25 Ba1 518,175
5,210   Total Communications Equipment           5,224,529
    Construction & Engineering – 1.2% (0.7% of Total Investments)            
745   KBR, Inc, Term Loan B 6.233% 1-Month LIBOR 3.750% 4/25/25 Ba3 749,958
2

Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Construction & Engineering (continued)            
$1,323   Traverse Midstream Partners, Term Loan B 6.590% 3-Month LIBOR 4.000% 9/27/24 B+ $1,321,840
2,068   Total Construction & Engineering           2,071,798
    Consumer Finance – 0.8% (0.4% of Total Investments)            
742   Vantiv LLC, Repriced Term Loan B4 4.208% 1-Week LIBOR 1.750% 8/09/24 BBB- 743,569
565   Verscend Technologies, Tern Loan B 6.983% 1-Month LIBOR 4.500% 8/27/25 B+ 569,405
1,307   Total Consumer Finance           1,312,974
    Containers & Packaging – 0.4% (0.2% of Total Investments)            
699   Berry Global, Inc., Term Loan Q 4.481% 1-Month LIBOR 2.000% 10/01/22 BBB- 698,684
    Distributors – 0.4% (0.2% of Total Investments)            
744   SRS Distribution, Inc., Term Loan B 5.733% 1-Month LIBOR 3.250% 5/23/25 B3 726,387
    Diversified Consumer Services – 2.3% (1.4% of Total Investments)            
1,820   Cengage Learning Acquisitions, Inc., Term Loan B 6.727% 1-Month LIBOR 4.250% 6/07/23 B 1,757,144
1,065   Houghton Mifflin, Term Loan B, First Lien 5.483% 1-Month LIBOR 3.000% 5/28/21 B 1,029,904
421   Laureate Education, Inc., Term Loan B 5.983% 1-Month LIBOR 3.500% 4/26/24 B+ 422,691
748   Refinitiv, Term Loan B 6.233% 1-Month LIBOR 3.750% 10/01/25 B 741,268
4,054   Total Diversified Consumer Services           3,951,007
    Diversified Financial Services – 2.5% (1.5% of Total Investments)            
561   Freedom Mortgage Corporation, Initial Term Loan 7.233% 1-Month LIBOR 4.750% 2/23/22 Ba2 565,305
605   Getty Images Inc., Term Loan B, First Lien 7.000% 1-Month LIBOR 4.500% 2/19/26 B2 604,092
377   Hilton Hotels, Term Loan B 4.227% 1-Month LIBOR 1.750% 10/25/23 BBB- 378,931
376   Lions Gate Entertainment Corp., Term Loan B 4.733% 1-Month LIBOR 2.250% 3/24/25 Ba2 374,921
1,141   Veritas US, Inc., Term Loan B1 7.009% 3-Month LIBOR 4.500% 1/27/23 B 1,073,179
2,200   Walter Investment Management Corporation, Term Loan B, First Lien, (5) 0.000% N/A N/A 6/30/22 Ca 1,415,096
5,260   Total Diversified Financial Services           4,411,524
    Diversified Telecommunication Services – 7.6% (4.6% of Total Investments)            
703   CenturyLink, Inc., Initial Term Loan A 5.233% 1-Month LIBOR 2.750% 11/01/22 BBB- 704,225
4,244   CenturyLink, Inc., Term Loan B 5.233% 1-Month LIBOR 2.750% 1/31/25 BBB- 4,224,138
2,521   Frontier Communications Corporation, Term Loan B 6.240% 1-Month LIBOR 3.750% 1/14/22 B 2,464,924
195   Intelsat Jackson Holdings, S.A., Term Loan B4 6.979% 1-Month LIBOR 4.500% 1/02/24 B1 196,872
312   Intelsat Jackson Holdings, S.A., Term Loan B5 6.625% N/A N/A 1/02/24 B1 315,310
200   Level 3 Financing, Inc., Term Loan B 4.733% 1-Month LIBOR 2.250% 2/22/24 BBB- 200,350
1,990   Numericable Group S.A., Term Loan B13 6.473% 1-Month LIBOR 4.000% 8/14/26 B 1,954,459
3

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Diversified Telecommunication Services (continued)            
$1,250   Windstream Services LLC, DIP Term Loan, (WI/DD) TBD TBD TBD TBD BBB- $1,253,906
2,000   Ziggo B.V., Term Loan E 4.973% 1-Month LIBOR 2.500% 4/15/25 B+ 1,985,210
13,415   Total Diversified Telecommunication Services           13,299,394
    Electric Utilities – 1.6% (0.9% of Total Investments)            
424   EFS Cogen Holdings LLC, Term Loan B 5.860% 3-Month LIBOR 3.250% 6/28/23 BB 423,803
1,592   Texas Competitive Electric Holdings LLC, Exit Term Loan B 4.483% 1-Month LIBOR 2.000% 8/01/23 BBB- 1,595,367
685   Vistra Operations Co., Term Loan B3 4.476% 1-Month LIBOR 2.000% 12/31/25 BBB- 686,408
2,701   Total Electric Utilities           2,705,578
    Electronic Equipment, Instruments & Components – 0.5% (0.3% of Total Investments)            
804   TTM Technologies, Inc., Term Loan B 5.002% 1-Month LIBOR 2.500% 9/28/24 BB+ 804,527
    Energy Equipment & Services – 1.8% (1.1% of Total Investments)            
1,980   McDermott International, Term Loan 7.483% 1-Month LIBOR 5.000% 5/12/25 Ba3 1,963,704
1,400   Seadrill Partners LLC, Initial Term Loan 8.601% 3-Month LIBOR 6.000% 2/21/21 CCC+ 1,123,774
3,380   Total Energy Equipment & Services           3,087,478
    Equity Real Estate Investment Trust – 2.0% (1.2% of Total Investments)            
3,057   Communications Sales & Leasing, Inc., Shortfall Term Loan, (DD1) 7.483% 1-Month LIBOR 5.000% 10/24/22 Caa1 3,019,033
488   Realogy Group LLC, Term Loan A 4.730% 1-Month LIBOR 2.250% 2/08/23 Ba1 482,625
3,545   Total Equity Real Estate Investment Trust           3,501,658
    Food & Staples Retailing – 6.5% (3.9% of Total Investments)            
939   Albertson's LLC, Term Loan B6 5.483% 1-Month LIBOR 3.000% 6/22/23 Ba2 941,135
7,358   Albertson's LLC, Term Loan B7 5.483% 1-Month LIBOR 3.000% 11/17/25 Ba2 7,375,935
947   Del Monte Foods Company, Term Loan, First Lien 5.901% 3-Month LIBOR 3.250% 2/18/21 CCC+ 732,280
2,216   US Foods, Inc., Term Loan B 4.483% 1-Month LIBOR 2.000% 6/27/23 BBB- 2,213,941
11,460   Total Food & Staples Retailing           11,263,291
    Food Products – 0.3% (0.2% of Total Investments)            
598   American Seafoods Group LLC, Term Loan B 5.230% 1-Month LIBOR 2.750% 8/21/23 BB- 598,495
    Health Care Equipment & Supplies – 2.8% (1.7% of Total Investments)            
1,044   Acelity, Term Loan B 5.851% 3-Month LIBOR 3.250% 2/02/24 B1 1,048,961
286   Air Methods Term Loan, First Lien, (DD1) 6.101% 3-Month LIBOR 3.500% 4/22/24 B 247,405
596   Greatbatch, New Term Loan B 5.480% 1-Month LIBOR 3.000% 10/27/22 B+ 599,498
1,668   Onex Carestream Finance LP, Term Loan, First Lien 8.233% 1-Month LIBOR 5.750% 2/28/21 B1 1,636,722
849   Onex Carestream Finance LP, Term Loan, Second Lien 11.983% 1-Month LIBOR 9.500% 6/07/21 B- 827,950
4

Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Health Care Equipment & Supplies (continued)            
$608   Vyaire Medical, Inc., Term Loan B, (DD1) 7.350% 3-Month LIBOR 4.750% 4/16/25 B3 $545,634
5,051   Total Health Care Equipment & Supplies           4,906,170
    Health Care Providers & Services – 9.6% (5.8% of Total Investments)            
242   Air Medical Group Holdings, Inc., Term Loan B 6.727% 1-Month LIBOR 4.250% 3/14/25 B1 238,312
918   Air Medical Group Holdings, Inc., Term Loan B, (DD1) 5.723% 1-Month LIBOR 3.250% 4/28/22 B1 897,888
496   Ardent Health, Term Loan, First Lien 6.983% 1-Month LIBOR 4.500% 6/30/25 B1 498,267
635   Brightspring Health, Delayed Draw, Term Loan 6.977% 1-Month LIBOR 4.500% 3/05/26 B1 639,971
58   Brightspring Health, Delayed Draw, Term Loan, (6) 4.500% N/A 4.500% 3/05/26 B1 58,179
419   Catalent Pharma Solutions, Inc., Term Loan B 4.733% 1-Month LIBOR 2.250% 5/20/24 BB 419,698
235   Civitas Solutions Inc., Term Loan 6.740% 1-Month LIBOR 4.250% 3/09/26 B1 237,293
15   Civitas Solutions Inc., Term Loan 6.740% 1-Month LIBOR 4.250% 3/09/26 B1 14,739
769   ConvaTec Healthcare, Term Loan B 4.851% 3-Month LIBOR 2.250% 10/25/23 BB 769,371
550   Envision Healthcare Corporation, Initial Term Loan, (WI/DD) TBD TBD TBD TBD B+ 532,375
249   HCA, Inc., Term Loan B11 4.233% 1-Month LIBOR 1.750% 3/17/23 BBB- 250,188
460   Heartland Dental Care, Inc., Term Loan, First Lien 6.233% 1-Month LIBOR 3.750% 4/30/25 B2 454,313
10   Heartland Dental Care, Inc., Term Loan, First Lien, (6) 5.587% N/A 5.587% 4/30/25 B2 10,167
1,459   Kindred at Home Hospice, Term Loan B 6.250% 1-Month LIBOR 3.750% 7/02/25 B1 1,465,122
400   Kindred at Home Hospice, Term Loan, Second Lien 9.500% 1-Month LIBOR 7.000% 7/02/26 CCC+ 411,750
1,925   Lifepoint Health, Inc., Term Loan 6.987% 1-Month LIBOR 4.500% 11/16/25 B+ 1,937,207
534   Millennium Laboratories, Inc., Term Loan B, First Lien 8.983% 1-Month LIBOR 6.500% 12/21/20 Caa3 264,318
3,465   Pharmaceutical Product Development, Inc., Term Loan B, (DD1) 4.983% 1-Month LIBOR 2.500% 8/18/22 Ba3 3,450,291
1,268   Prospect Medical Holdings, Term Loan B1 8.000% 1-Month LIBOR 5.500% 2/22/24 B 1,199,718
117   Quorum Health Corp., Term Loan B 9.233% 1-Month LIBOR 6.750% 4/29/22 B1 116,078
1,522   Select Medical Corporation, Term Loan B 4.990% 1-Month LIBOR 2.500% 3/06/25 Ba2 1,526,059
1,167   Team Health, Initial Term Loan 5.233% 1-Month LIBOR 2.750% 2/06/24 B 1,098,160
5

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Health Care Providers & Services (continued)            
$148   Vizient Inc., Term Loan B 0.000% N/A N/A 4/17/26 BB- $149,427
17,061   Total Health Care Providers & Services           16,638,891
    Health Care Technology – 0.8% (0.5% of Total Investments)            
1,440   Emdeon, Inc., Term Loan 5.233% 1-Month LIBOR 2.750% 3/01/24 B+ 1,441,670
    Hotels, Restaurants & Leisure – 12.2% (7.4% of Total Investments)            
1,018   24 Hour Fitness Worldwide, Inc., Term Loan B 5.983% 1-Month LIBOR 3.500% 5/30/25 Ba3 1,022,870
2,690   Burger King Corporation, Term Loan B3 4.733% 1-Month LIBOR 2.250% 2/16/24 Ba3 2,689,502
1,805   Caesars Entertainment Operating Company, Inc., Term Loan B 4.483% 1-Month LIBOR 2.000% 10/06/24 BB 1,799,063
1,975   Caesars Resort Collection, Term Loan, First Lien 5.233% 1-Month LIBOR 2.750% 12/23/24 BB 1,983,433
150   Carrols Restaurant Group Inc., Term Loan B, (WI/DD) TBD TBD TBD TBD B 150,812
1,252   CCM Merger, Inc., Term Loan B 4.733% 1-Month LIBOR 2.250% 8/09/21 BB- 1,254,495
1,625   CityCenter Holdings LLC, Term Loan B 4.733% 1-Month LIBOR 2.250% 4/18/24 BB- 1,625,926
1,236   Equinox Holdings, Inc., Term Loan B1 5.483% 1-Month LIBOR 3.000% 3/08/24 B+ 1,238,178
1,109   Life Time Fitness, Inc., Term Loan B 5.379% 3-Month LIBOR 2.750% 6/10/22 BB- 1,109,096
350   MGM Resorts International, Term Loan A 4.733% 1-Month LIBOR 2.250% 12/21/23 BB+ 348,833
997   Penn National Gaming Inc., Term Loan B 4.733% 1-Month LIBOR 2.250% 10/15/25 BB 999,605
3,802   Scientific Games Corp., Initial Term Loan B5 5.233% 1-Month LIBOR 2.750% 8/14/24 Ba3 3,797,814
1,508   Stars Group Holdings, Term Loan B 6.101% 3-Month LIBOR 3.500% 7/10/25 B+ 1,517,252
1,717   Station Casino LLC, Term Loan B 4.990% 1-Month LIBOR 2.500% 6/08/23 BB 1,722,232
21,234   Total Hotels, Restaurants & Leisure           21,259,111
    Household Durables – 0.3% (0.2% of Total Investments)            
629   Serta Simmons Holdings LLC, Term Loan, First Lien 5.973% 1-Month LIBOR 3.500% 11/08/23 CCC+ 460,918
    Household Products – 0.9% (0.6% of Total Investments)            
1,627   Reynolds Group Holdings, Inc., Term Loan, First Lien 5.233% 1-Month LIBOR 2.750% 2/05/23 B+ 1,632,632
    Industrial Conglomerates – 0.4% (0.2% of Total Investments)            
743   Education Advisory Board, Term Loan, First Lien 6.381% 3-Month LIBOR 3.750% 11/15/24 B2 736,931
    Insurance – 0.9% (0.5% of Total Investments)            
490   Acrisure LLC, Term Loan B 6.879% 3-Month LIBOR 4.250% 11/22/23 B 490,037
6

Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Insurance (continued)            
$1,006   Hub International Holdings, Inc., Term Loan B 5.336% 2-Month LIBOR 2.750% 4/25/25 B $997,562
1,496   Total Insurance           1,487,599
    Interactive Media & Services – 1.1% (0.7% of Total Investments)            
954   Rackspace Hosting, Inc., Refinancing Term B Loan, First Lien 5.738% 1-Month LIBOR 3.000% 11/03/23 BB- 905,558
997   WeddingWire, Inc., Term Loan 6.983% 1-Month LIBOR 4.500% 12/19/25 B+ 1,004,981
1,951   Total Interactive Media & Services           1,910,539
    Internet & Direct Marketing Retail – 1.0% (0.6% of Total Investments)            
1,739   Uber Technologies, Inc., Term Loan 6.484% 1-Month LIBOR 4.000% 4/04/25 N/R 1,749,868
    Internet Software & Services – 1.0% (0.6% of Total Investments)            
972   Ancestry.com, Inc., Term Loan, First Lien 5.740% 1-Month LIBOR 3.250% 10/19/23 B 976,147
367   Dynatrace, Term Loan, First Lien 5.733% 1-Month LIBOR 3.250% 8/22/25 B1 368,336
37   Dynatrace, Term Loan, Second Lien 9.483% 1-Month LIBOR 7.000% 8/21/26 CCC+ 37,287
1,109   SkillSoft Corporation, Term Loan, Second Lien 10.733% 1-Month LIBOR 8.250% 4/28/22 CCC 342,832
2,485   Total Internet Software & Services           1,724,602
    IT Services – 6.9% (4.2% of Total Investments)            
337   DTI Holdings, Inc., Replacement Term Loan B1 7.333% 3-Month LIBOR 4.750% 9/29/23 B 318,127
685   First Data Corporation, Term Loan, First Lien 4.481% 1-Month LIBOR 2.000% 7/10/22 BB 685,518
2,550   First Data Corporation, Term Loan, First Lien 4.481% 1-Month LIBOR 2.000% 4/26/24 BB 2,552,112
640   Gartner, Inc., Term Loan A 3.983% 1-Month LIBOR 1.500% 3/21/22 BB+ 642,770
417   GTT Communications, Inc., Term Loan, First Lien 5.230% 1-Month LIBOR 2.750% 6/02/25 B2 404,473
1,263   Sabre, Inc., Term Loan B 4.483% 1-Month LIBOR 2.000% 2/22/24 BB 1,262,817
1,500   Syniverse Holdings, Inc., Initial Term Loan, Second Lien 11.473% 1-Month LIBOR 9.000% 3/11/24 CCC+ 1,155,000
1,196   Syniverse Holdings, Inc., Term Loan C 7.473% 1-Month LIBOR 5.000% 3/09/23 B 1,142,902
982   Tempo Acquisition LLC, Term Loan B 5.483% 1-Month LIBOR 3.000% 5/01/24 B1 984,957
1,250   Travelport LLC, Term Loan B, (WI/DD) TBD TBD TBD TBD B+ 1,224,219
1,035   West Corporation, Term Loan B 6.629% 3-Month LIBOR 4.000% 10/10/24 Ba3 1,003,734
729   WEX, Inc., Term Loan B 4.733% 1-Month LIBOR 2.250% 7/01/23 BB- 731,884
12,584   Total IT Services           12,108,513
    Machinery – 1.5% (0.9% of Total Investments)            
153   BJ's Wholesale Club, Inc., Term Loan B 5.473% 1-Month LIBOR 3.000% 2/01/24 B 154,086
693   Gardner Denver, Inc., Term Loan B 5.233% 1-Month LIBOR 2.750% 7/30/24 BB+ 695,814
624   Gates Global LLC, Term Loan B 5.233% 1-Month LIBOR 2.750% 4/01/24 B+ 625,542
7

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Machinery (continued)            
$822   TNT Crane and Rigging Inc., Initial Term Loan, First Lien 7.101% 3-Month LIBOR 4.500% 11/27/20 CCC+ $777,482
400   TNT Crane and Rigging, Inc., Term Loan, Second Lien 11.601% 3-Month LIBOR 9.000% 11/26/21 CCC- 339,502
2,692   Total Machinery           2,592,426
    Marine – 0.8% (0.5% of Total Investments)            
637   American Commercial Lines LLC, Term Loan B, First Lien 11.233% 1-Month LIBOR 8.750% 11/12/20 CCC+ 448,376
969   Harvey Gulf International Marine, Inc., Exit Term Loan 8.743% 6-Month LIBOR 6.000% 7/02/23 B 967,169
1,606   Total Marine           1,415,545
    Media – 12.3% (7.4% of Total Investments)            
215   Advantage Sales & Marketing, Inc., Term Loan, First Lien 5.733% 1-Month LIBOR 3.250% 7/23/21 B 189,292
328   Affinion Group Holdings, Inc., Consenting Term Loan, (cash 4.737%, PIK 1.750%) 6.487% 1-Month LIBOR 4.000% 4/10/24 N/R 288,282
73   Catalina Marketing Corporation, First Out Loan 9.973% 1-Month LIBOR 7.500% 2/15/23 B2 62,157
90   Catalina Marketing Corporation, Last Out PIK Term Loan, (cash 3.484%, PIK 9.500%) 3.473% 1-Month LIBOR 1.000% 8/15/23 Caa2 44,535
472   Cineworld Group PLC, Term Loan B 4.733% 1-Month LIBOR 2.250% 2/28/25 BB- 471,066
3,298   Clear Channel Communications, Inc., Term Loan D, (5) 0.000% N/A N/A 1/30/20 B1 2,458,355
3,945   Clear Channel Communications, Inc., Term Loan E, (5) 0.000% N/A N/A 7/30/19 B1 2,949,249
495   CSC Holdings LLC, Term Loan B 4.973% 1-Month LIBOR 2.500% 1/25/26 BB 495,619
1,770   Cumulus Media, Inc., Exit Term Loan 6.990% 1-Month LIBOR 4.500% 5/13/22 B 1,758,523
500   EW Scripps, Term Loan B, (WI/DD) TBD TBD TBD TBD BB 501,875
415   Gray Television, Inc., Term Loan B2 4.727% 1-Month LIBOR 2.250% 2/07/24 BB 415,294
688   IMG Worldwide, Inc., Term Loan B 5.360% 3-Month LIBOR 2.750% 5/18/25 B 672,380
1,772   Intelsat Jackson Holdings, S.A., Term Loan B 6.229% 1-Month LIBOR 3.750% 11/30/23 B1 1,773,716
2,678   McGraw-Hill Education Holdings LLC, Term Loan B 6.483% 1-Month LIBOR 4.000% 5/02/22 B+ 2,570,686
682   Meredith Corporation, Term Loan B1 5.233% 1-Month LIBOR 2.750% 1/31/25 BB 685,293
746   Metro-Goldwyn-Mayer, Inc., Term Loan, First Lien 4.990% 1-Month LIBOR 2.500% 7/03/25 BB 746,250
400   Metro-Goldwyn-Mayer, Inc., Term Loan, Second Lien 6.990% 1-Month LIBOR 4.500% 7/03/26 B2 390,500
256   Nexstar Broadcasting, Inc., Term Loan B3 4.752% 1-Month LIBOR 2.250% 1/17/24 BB+ 255,457
1,363   Nexstar Broadcasting, Inc., Term Loan B3 4.729% 1-Month LIBOR 2.250% 1/17/24 BB+ 1,357,787
133   Red Ventures, Term Loan B 5.483% 1-Month LIBOR 3.000% 11/08/24 B1 133,264
8

Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Media (continued)            
$249   Sinclair Television Group, Term Loan B2 4.740% 1-Month LIBOR 2.250% 1/03/24 BB+ $249,830
713   Springer Science & Business Media, Inc., Term Loan B13, First Lien 5.983% 1-Month LIBOR 3.500% 8/15/22 B 714,549
2,219   WideOpenWest Finance LLC, Term Loan B 5.737% 1-Month LIBOR 3.250% 8/18/23 B 2,185,585
23,500   Total Media           21,369,544
    Mortgage Real Estate Investment Trust – 0.6% (0.4% of Total Investments)            
1,079   Capital Automotive LP, Term Loan, First Lien 4.990% 1-Month LIBOR 2.500% 3/25/24 B1 1,078,073
    Multiline Retail – 1.1% (0.7% of Total Investments)            
890   Belk, Inc., Term Loan B, First Lien 7.447% 3-Month LIBOR 4.750% 12/12/22 B2 748,463
619   EG America LLC, Term Loan, First Lien 6.601% 3-Month LIBOR 4.000% 2/07/25 B 613,338
299   Hudson's Bay Company, Term Loan B, First Lien 5.812% 2-Month LIBOR 3.250% 9/30/22 BB 296,731
315   Neiman Marcus Group, Inc., Term Loan 5.724% 1-Month LIBOR 3.250% 10/25/20 Caa2 292,302
2,123   Total Multiline Retail           1,950,834
    Oil, Gas & Consumable Fuels – 3.5% (2.1% of Total Investments)            
1,083   BCP Renaissance Parent, Term Loan B 6.083% 3-Month LIBOR 3.500% 10/31/24 B+ 1,090,036
599   California Resources Corporation, Term Loan 12.854% 1-Month LIBOR 10.375% 12/31/21 B 618,201
1,665   California Resources Corporation, Term Loan B 7.229% 1-Month LIBOR 4.750% 12/31/22 B 1,619,629
923   Fieldwood Energy LLC, Exit Term Loan 7.730% 1-Month LIBOR 5.250% 4/11/22 B+ 893,663
1,456   Fieldwood Energy LLC, Exit Term Loan, Second Lien, (DD1) 9.733% 1-Month LIBOR 7.250% 4/11/23 B+ 1,275,206
521   Peabody Energy Corporation, Term Loan B 5.233% 1-Month LIBOR 2.750% 3/31/25 BB 519,397
6,247   Total Oil, Gas & Consumable Fuels           6,016,132
    Personal Products – 1.4% (0.9% of Total Investments)            
992   Coty, Inc., Term Loan B 4.724% 1-Month LIBOR 2.250% 4/07/25 BB 971,826
1,921   Revlon Consumer Products Corporation, Term Loan B, First Lien 6.129% 3-Month LIBOR 3.500% 11/16/20 B3 1,505,999
2,913   Total Personal Products           2,477,825
    Pharmaceuticals – 2.0% (1.2% of Total Investments)            
1,705   Concordia Healthcare Corp, Exit Term Loan 7.984% 1-Month LIBOR 5.500% 9/06/24 B- 1,604,890
351   Valeant Pharmaceuticals International, Inc., Term Loan B 5.224% 1-Month LIBOR 2.750% 11/27/25 Ba2 351,475
9

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Pharmaceuticals (continued)            
$1,553   Valeant Pharmaceuticals International, Inc., Term Loan, First Lien, (DD1) 5.474% 1-Month LIBOR 3.000% 6/02/25 Ba2 $1,561,795
3,609   Total Pharmaceuticals           3,518,160
    Professional Services – 2.1% (1.3% of Total Investments)            
986   Ceridian HCM Holding, Inc., Term Loan B 5.252% 1-Month LIBOR 3.250% 4/30/25 B2 992,858
500   Dun & Bradstreet Corp., Initial Term Loan 7.479% 1-Month LIBOR 5.000% 2/06/26 B2 504,378
980   Nielsen Finance LLC, Term Loan B4 4.472% 1-Month LIBOR 2.000% 10/04/23 BBB- 977,736
1,376   Skillsoft Corporation, Initial Term Loan, First Lien 7.233% 1-Month LIBOR 4.750% 4/28/21 B3 1,157,674
3,842   Total Professional Services           3,632,646
    Real Estate Management & Development – 0.8% (0.5% of Total Investments)            
1,038   GGP, Initial Term Loan A2 4.729% 1-Month LIBOR 2.250% 8/28/23 BB+ 1,014,307
381   GGP, Term Loan B 4.979% 1-Month LIBOR 2.500% 8/27/25 BB+ 373,345
1,419   Total Real Estate Management & Development           1,387,652
    Road & Rail – 1.9% (1.1% of Total Investments)            
1,671   Avolon LLC, Term Loan B 4.487% 1-Month LIBOR 2.000% 1/15/25 Baa2 1,673,523
967   Quality Distribution, Incremental Term Loan, First Lien 8.101% 3-Month LIBOR 5.500% 8/18/22 B2 965,082
672   Savage Enterprises LLC, Term Loan B 6.980% 1-Month LIBOR 4.500% 8/01/25 B+ 678,200
3,310   Total Road & Rail           3,316,805
    Semiconductors & Semiconductor Equipment – 1.5% (0.9% of Total Investments)            
452   Cabot Microelectronics, Term Loan B 4.750% 1-Month LIBOR 2.250% 11/14/25 BB+ 454,061
296   Lumileds, Term Loan B 6.063% 1-Month LIBOR 3.500% 6/30/24 B+ 224,936
302   Microchip Technology., Inc, Term Loan B 4.490% 1-Month LIBOR 2.000% 5/29/25 Baa3 301,904
873   Micron Technology, Inc., Term Loan B 4.240% 1-Month LIBOR 1.750% 4/26/22 Baa2 875,156
713   ON Semiconductor Corporation, Term Loan B3 4.233% 1-Month LIBOR 1.750% 3/31/23 Baa3 711,337
2,636   Total Semiconductors & Semiconductor Equipment           2,567,394
    Software – 14.0% (8.5% of Total Investments)            
964   Blackboard, Inc., Term Loan B4 7.529% 1-Month LIBOR 5.000% 6/30/21 B- 960,203
232   Compuware Corporation, Term Loan, First Lien 5.983% 1-Month LIBOR 3.500% 8/22/25 B1 234,169
1,000   Datto, Inc., Term Loan 6.733% 1-Month LIBOR 4.250% 4/02/26 B 1,012,500
600   DiscoverOrg LLC, Term Loan B 7.236% 3-Month LIBOR 4.500% 2/02/26 B 598,002
657   Ellucian, Term Loan B, First Lien 5.851% 3-Month LIBOR 3.250% 9/30/22 B 657,802
1,945   Greeneden U.S. Holdings II LLC, Term Loan B 5.733% 1-Month LIBOR 3.250% 12/01/23 B2 1,950,168
2,331   Infor (US), Inc., Term Loan B 5.233% 1-Month LIBOR 2.750% 2/01/22 B1 2,335,297
1,444   Informatica, Term Loan B 5.733% 1-Month LIBOR 3.250% 8/05/22 B1 1,450,801
973   Kronos Incorporated, Term Loan, First Lien 5.736% 3-Month LIBOR 3.000% 11/01/23 B 975,659
10

Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Software (continued)            
$458   McAfee Holdings International, Inc., Term Loan, Second Lien 10.979% 1-Month LIBOR 8.500% 9/29/25 B- $465,323
1,419   McAfee LLC, Term Loan B 6.229% 1-Month LIBOR 3.750% 9/30/24 B1 1,429,846
308   Micro Focus International PLC, New Term Loan 4.983% 1-Month LIBOR 2.500% 6/21/24 BB- 307,916
2,082   Micro Focus International PLC, Term Loan B 4.983% 1-Month LIBOR 2.500% 6/21/24 BB- 2,079,433
1,176   Micro Focus International PLC, Term Loan B2 4.733% 1-Month LIBOR 2.250% 11/19/21 BB- 1,171,684
371   Misys, New Term Loan, Second Lien 9.851% 3-Month LIBOR 7.250% 6/13/25 CCC+ 371,252
126   Mitchell International, Inc., Initial Term Loan, First Lien 5.733% 1-Month LIBOR 3.250% 11/29/24 B2 124,838
133   Mitchell International, Inc., Initial Term Loan, Second Lien 9.733% 1-Month LIBOR 7.250% 12/01/25 CCC 131,267
733   RP Crown Parent LLC, Term Loan B 5.233% 1-Month LIBOR 2.750% 10/15/23 B1 734,041
1,423   SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B3 4.733% 1-Month LIBOR 2.250% 4/16/25 BB+ 1,425,992
1,018   SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B4 4.733% 1-Month LIBOR 2.250% 4/16/25 BB 1,019,339
995   SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B5 4.733% 1-Month LIBOR 2.250% 4/16/25 BB+ 996,540
3,472   TIBCO Software, Inc., Term Loan, First Lien 5.990% 1-Month LIBOR 3.500% 12/04/20 B1 3,480,529
500   Ultimate Software, Term Loan, First Lien, (WI/DD) TBD TBD TBD TBD B 504,188
24,360   Total Software           24,416,789
    Specialty Retail – 2.6% (1.6% of Total Investments)            
701   Academy, Ltd., Term Loan B 6.494% 1-Month LIBOR 4.000% 7/01/22 CCC+ 524,584
1,651   Petco Animal Supplies, Inc., Term Loan B1 5.833% 3-Month LIBOR 3.250% 1/26/23 B2 1,348,039
2,681   Petsmart Inc., Term Loan B, First Lien, (DD1) 6.730% 1-Month LIBOR 4.250% 3/11/22 B3 2,592,537
157   Serta Simmons Holdings LLC, Term Loan, Second Lien 10.473% 1-Month LIBOR 8.000% 11/08/24 CCC- 68,887
5,190   Total Specialty Retail           4,534,047
    Technology Hardware, Storage & Peripherals – 7.0% (4.2% of Total Investments)            
2,673   BMC Software, Inc., Term Loan B 6.851% 3-Month LIBOR 4.250% 10/02/25 B 2,661,647
3,522   Dell International LLC, Refinancing Term Loan B 4.490% 1-Month LIBOR 2.000% 9/07/23 BBB- 3,527,704
1,572   Dell International LLC, Replacement Term Loan A2 4.240% 1-Month LIBOR 1.750% 9/07/21 BBB- 1,571,941
11

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (2) Reference
Rate (2)
Spread (2) Maturity (3) Ratings (4) Value
    Technology Hardware, Storage & Peripherals (continued)            
$4,462   Western Digital, Term Loan B 4.233% 1-Month LIBOR 1.750% 4/29/23 Baa2 $4,428,281
12,229   Total Technology Hardware, Storage & Peripherals           12,189,573
    Trading Companies & Distributors – 0.4% (0.2% of Total Investments)            
617   Univar, Inc., Term Loan B 4.733% 1-Month LIBOR 2.250% 7/01/24 BB+ 618,741
    Transportation Infrastructure – 0.3% (0.2% of Total Investments)            
499   Atlantic Aviation FBO Inc., Term Loan 6.240% 1-Month LIBOR 3.750% 12/06/25 BB 505,608
    Wireless Telecommunication Services – 2.1% (1.3% of Total Investments)            
798   Sprint Corporation, Incremental Term Loan 5.500% 1-Month LIBOR 3.000% 2/02/24 Ba2 787,694
2,940   Sprint Corporation, Term Loan, First Lien 5.000% 1-Month LIBOR 2.500% 2/02/24 Ba2 2,862,090
3,738   Total Wireless Telecommunication Services           3,649,784
$258,825   Total Variable Rate Senior Loan Interests (cost $254,409,495)         250,561,461
    
Principal Amount (000)   Description (1) Coupon Maturity Ratings (4) Value
    CORPORATE BONDS – 13.3% (8.0% of Total Investments)        
    Communications Equipment – 2.9% (1.7% of Total Investments)        
$85   Avaya Inc., 144A, (5), (7) 7.000% 4/01/19 N/R $ —
2,085   Avaya Inc., 144A, (5), (7) 10.500% 3/01/21 N/R  —
3,509   Intelsat Jackson Holdings S.A. 5.500% 8/01/23 CCC+ 3,162,486
1,790   Intelsat Jackson Holdings S.A., 144A 9.750% 7/15/25 CCC+ 1,836,988
7,469   Total Communications Equipment       4,999,474
    Containers & Packaging – 0.9% (0.5% of Total Investments)        
1,502   Reynolds Group Issuer Inc. 5.750% 10/15/20 B+ 1,506,623
    Diversified Telecommunication Services – 0.7% (0.4% of Total Investments)        
415   Consolidated Communications Inc. 6.500% 10/01/22 B3 393,731
855   Intelsat Luxembourg S.A. 7.750% 6/01/21 Ca 795,150
1,270   Total Diversified Telecommunication Services       1,188,881
    Health Care Providers & Services – 0.3% (0.2% of Total Investments)        
350   Tenet Healthcare Corporation 4.750% 6/01/20 BB 353,937
230   Tenet Healthcare Corporation 6.000% 10/01/20 BB 237,763
580   Total Health Care Providers & Services       591,700
    Hotels, Restaurants & Leisure – 1.1% (0.7% of Total Investments)        
1,173   Scientific Games International Inc. 10.000% 12/01/22 B- 1,234,583
650   Scientific Games International Inc., 144A 5.000% 10/15/25 Ba3 646,750
1,823   Total Hotels, Restaurants & Leisure       1,881,333
    Media – 3.8% (2.3% of Total Investments)        
965   AMC Entertainment Holdings Inc. 6.125% 5/15/27 B3 898,656
12

Principal Amount (000)   Description (1) Coupon Maturity Ratings (4) Value
    Media (continued)        
$100   Charter Communications Operating LLC 3.579% 7/23/20 BBB- $100,714
250   Clear Channel Worldwide Holdings Inc., 144A 9.250% 2/15/24 CCC+ 269,063
345   DISH DBS Corporation 5.125% 5/01/20 BB- 347,156
2,835   iHeartCommunications Inc., (5) 9.000% 12/15/19 CCC 2,097,900
6,047   iHeartCommunications Inc., (cash 12.000%, PIK 2.000%), (5) 14.000% 2/01/21 CC 816,269
795   iHeartCommunications Inc., (5) 9.000% 3/01/21 CCC 588,300
1,985   Intelsat Luxembourg S.A. 8.125% 6/01/23 CCC- 1,501,156
13,322   Total Media       6,619,214
    Oil, Gas & Consumable Fuels – 1.0% (0.6% of Total Investments)        
35   California Resources Corporation, 144A 8.000% 12/15/22 B- 26,731
400   Denbury Resources Inc. 6.375% 8/15/21 CCC 332,000
1,340   Denbury Resources Inc., 144A 9.250% 3/31/22 B 1,356,750
1,775   Total Oil, Gas & Consumable Fuels       1,715,481
    Pharmaceuticals – 0.4% (0.3% of Total Investments)        
310   Advanz Pharma Corporation 8.000% 9/06/24 B- 289,850
500   Bausch Health Cos Inc., 144A 6.500% 3/15/22 Ba2 517,500
810   Total Pharmaceuticals       807,350
    Semiconductors & Semiconductor Equipment – 0.1% (0.0% of Total
Investments)
       
106   Advanced Micro Devices Inc. 7.500% 8/15/22 B+ 118,455
    Wireless Telecommunication Services – 2.1% (1.3% of Total Investments)        
550   Sprint Communications Inc. 7.000% 8/15/20 B+ 570,625
2,750   Sprint Corporation 7.875% 9/15/23 B+ 2,860,000
250   Sprint Corporation 7.125% 6/15/24 B+ 250,547
3,550   Total Wireless Telecommunication Services       3,681,172
$32,207   Total Corporate Bonds (cost $25,975,047)       23,109,683
    
Shares   Description (1)       Value
    COMMON STOCKS – 1.9% (1.2% of Total Investments)        
    Diversified Consumer Services – 0.1% (0.1% of Total Investments)        
23,683   Cengage Learning Holdings II Inc., (8), (9)       $205,261
    Energy Equipment & Services – 0.4% (0.3% of Total Investments)        
12,611   C&J Energy Services Inc., (9)       177,184
28,730   Transocean Ltd       225,818
1,318   Vantage Drilling International, (8), (9)       339,385
    Total Energy Equipment & Services       742,387
    Health Care Providers & Services – 0.0% (0.0% of Total Investments)        
13,189   Millennium Health LLC, (8), (9)       462
12,290   Millennium Health LLC, (7), (9)       12,757
13

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
Shares   Description (1)       Value
    Health Care Providers & Services (continued)        
11,533   Millennium Health LLC, (7), (9)       $11,962
    Total Health Care Providers & Services       25,181
    Internet & Direct Marketing Retail – 0.0% (0.0% of Total Investments)        
1,905   Catalina Marketing Corporation, (8), (9)       7,620
    Marine – 0.3% (0.2% of Total Investments)        
2,279   HGIM Corporation, (8), (9)       77,486
10,185   HGIM Corporation, (8)       346,290
    Total Marine       423,776
    Media – 0.2% (0.1% of Total Investments)        
22,911   Cumulus Media Inc., (9)       415,147
    Pharmaceuticals – 0.0% (0.0% of Total Investments)        
4,093   Advanz Pharma Corporation, (9)       73,142
    Software – 0.9% (0.5% of Total Investments)        
78,957   Avaya Holdings Corporation, (9)       1,506,500
    Specialty Retail – 0.0% (0.0% of Total Investments)        
5,454   Gymboree Holding Corporation, (8), (9)       2,727
14,849   Gymboree Holding Corporation, (8), (9)       7,424
    Total Specialty Retail       10,151
    Total Common Stocks (cost $6,500,730)       3,409,165
    
Shares   Description (1)       Value
    COMMON STOCK RIGHTS – 0.2% (0.1% of Total Investments)        
    Oil, Gas & Consumable Fuels – 0.2% (0.1% of Total Investments)        
1,468   Fieldwood Energy LLC, (8), (9)       $50,157
7,268   Fieldwood Energy LLC, (8), (9)       248,326
    Total Common Stock Rights (cost $207,458)       298,483
    
Shares   Description (1)       Value
    WARRANTS – 0.0% (0.0% of Total Investments)        
8,503   Avaya Holdings Corporation, (8)       $25,509
    Total Warrants (cost $565,169)       25,509
    Total Long-Term Investments (cost $287,657,899)       277,404,301
    
14

Shares   Description (1)   Coupon   Value
    SHORT-TERM INVESTMENTS – 6.4% (3.8% of Total Investments)        
    INVESTMENT COMPANIES – 6.4% (3.8% of Total Investments)        
11,071,553   BlackRock Liquidity Funds T-Fund Portfolio, (10)   2.332% (11)   $11,071,553
    Total Short-Term Investments (cost $11,071,553)       11,071,553
    Total Investments (cost $298,729,452) – 165.7%       288,475,854
    Borrowings – (41.3)% (12), (13)       (72,000,000)
    Term Preferred Shares, net of deferred offering costs – (19.9)% (14)       (34,708,741)
    Other Assets Less Liabilities – (4.5)% (15)       (7,631,096)
    Net Assets Applicable to Common Shares – 100%       $174,136,017
Investments in Derivatives
Credit Default Swaps - OTC Cleared        
Referenced Entity Buy/Sell
Protection(16)
Notional
Amount
Fixed Rate
(Annualized)
Fixed Rate
Payment
Frequency
Maturity
Date
Premiums
Paid
(Received)
Value Unrealized
Appreciation
(Depreciation)
Variation
Margin
Receivable/
(Payable)
Citigroup Global Markets Inc. Buy 2,000,000 5.000% Quarterly 6/20/24 $(208,802) $(308,832) $(100,030) $335
    
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 $35,000,000 Pay 1-Month LIBOR 2.500%(17) Monthly     11/01/20(18) $40,195 $40,195
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.
Fair Value Measurements
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).
15

JSD Nuveen Short Duration Credit Opportunities Fund (continued)
  Portfolio of Investments April 30, 2019
  (Unaudited)
The inputs or methodologies used for valuing securities are not an indication of the risks 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 $ — $250,561,461 $ — $250,561,461
Corporate Bonds  — 23,109,683  —* 23,109,683
Common Stocks 2,397,791 986,655 24,719 3,409,165
Common Stock Rights  — 298,483  — 298,483
Warrants  — 25,509  — 25,509
Short-Term Investments:        
Investment Companies 11,071,553  —  — 11,071,553
Investments in Derivatives:        
Credit Default Swaps**  — (100,030)  — (100,030)
Interest Rate Swaps**  — 40,195  — 40,195
Total $13,469,344 $274,921,956 $24,719 $288,416,019
    
* Value equals zero as of the end of the reporting period.
** Represents net unrealized appreciation (depreciation).
16

  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) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(6) Investment, or portion of investment, represents an outstanding unfunded senior loan commitment.  
(7) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared a dividend within the past twelve months.  
(10) A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.  
(11) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
(12) Borrowings as a percentage of Total Investments is 25.0%.  
(13) The Fund segregates 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings.  
(14) Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 12.0%.  
(15) Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives, when applicable.  
(16) The Fund entered into the credit default swaps to gain investment exposure to the referenced entity. Selling protection has a similar credit risk position to owning the referenced entity. Buying protection has a similar credit risk position to selling the referenced entity short.  
(17) Effective November 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 six months on specific dates through the swap contract's termination date.  
(18) This interest rate swap has an optional early termination date beginning on November 1, 2018 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.  
17