NPORT-EX 1 QQQX.htm HTML
QQQX   

Nuveen NASDAQ 100 Dynamic
Overwrite Fund

 

Portfolio of Investments    March 31, 2019

     (Unaudited)

 

Shares     Description (1)                   Value  
 

LONG-TERM INVESTMENTS – 101.1%

       
 

COMMON STOCKS – 101.1%

       
      Air Freight & Logistics – 0.1%                    
  3,086    

FedEx Corporation

                    $ 559,831  
      Airlines – 0.4%                    
  34,579    

Delta Air Lines Inc.

          1,786,005  
  7,522    

Ryanair Holdings PLC, ADR

          563,699  
  29,336    

Southwest Airlines Company

                      1,522,832  
 

Total Airlines

                      3,872,536  
      Auto Components – 0.2%                    
  29,673    

American Axle & Manufacturing Holdings Inc.

          424,621  
  24,524    

Gentex Corporation

          507,156  
  4,713    

Lear Corporation

                      639,601  
 

Total Auto Components

                      1,571,378  
      Automobiles – 0.1%                    
  54,841    

Ford Motor Company

                      481,504  
      Banks – 0.1%                    
  5,578    

JPMorgan Chase & Company

                      564,661  
      Beverages – 0.8%                    
  25,430    

Brown-Forman Corporation

          1,342,195  
  101,501    

Monster Beverage Corporation

                      5,539,925  
 

Total Beverages

                      6,882,120  
      Biotechnology – 8.3%                    
  9,259    

Agios Pharmaceuticals Inc., (2)

          624,427  
  15,675    

Alkermes PLC, (2)

          571,981  
  127,932    

Amgen Inc., (3)

          24,304,521  
  31,638    

Biogen Inc.

          7,478,590  
  140,204    

Celgene Corporation, (3)

          13,226,845  
  224,857    

Gilead Sciences Inc., (3)

          14,617,954  
  69,102    

ImmunoGen Inc., (2)

          187,266  
  11,753    

Ionis Pharmaceuticals Inc., (2)

          953,991  
  14,394    

Myriad Genetics Inc., (2)

          477,881  
  19,629    

Regeneron Pharmaceuticals Inc.

          8,060,060  
  13,583    

Seattle Genetics Inc.

          994,819  
  4,035    

United Therapeutics Corporation, (2)

                      473,588  
 

Total Biotechnology

                      71,971,923  
      Capital Markets – 0.5%                    
  11,043    

Moody's Corporation

          1,999,777  
  27,301    

Morgan Stanley

          1,152,102  
  12,970    

SEI Investments Company

          677,682  
  8,147    

T Rowe Price Group Inc.

                      815,678  
 

Total Capital Markets

                      4,645,239  
      Chemicals – 0.3%                    
  6,571    

Ecolab Inc.

          1,160,044  
  3,363    

Sherwin-Williams Company

                      1,448,478  
 

Total Chemicals

                      2,608,522  

 

1


QQQX    Nuveen NASDAQ 100 Dynamic Overwrite Fund (continued)
   Portfolio of Investments    March 31, 2019
   (Unaudited)

 

Shares     Description (1)                   Value  
      Commercial Services & Supplies – 0.5%                    
  11,517    

Copart Inc.

        $ 697,815  
  8,484    

KAR Auction Services Inc.

          435,314  
  16,732    

Tetra Tech Inc.

          997,060  
  8,012    

Waste Connections Inc.

          709,783  
  10,505    

Waste Management Inc.

                      1,091,575  
 

Total Commercial Services & Supplies

                      3,931,547  
      Communications Equipment – 5.1%                    
  800,000    

Cisco Systems Inc., (3)

          43,192,000  
  5,575    

F5 Networks Inc.

                      874,885  
 

Total Communications Equipment

                      44,066,885  
      Containers & Packaging – 0.1%                    
  4,463    

Ball Corporation

          258,229  
  11,155    

International Paper Company

                      516,142  
 

Total Containers & Packaging

                      774,371  
      Distributors – 0.2%                    
  3,849    

Genuine Parts Company

          431,204  
  8,698    

Pool Corporation

                      1,434,909  
 

Total Distributors

                      1,866,113  
      Diversified Consumer Services – 0.2%                    
  48,186    

Service Corp International

                      1,934,668  
      Electrical Equipment – 0.2%                    
  10,482    

Rockwell Automation Inc.

                      1,839,172  
      Electronic Equipment, Instruments & Components – 0.5%                    
  13,551    

Amphenol Corporation

          1,279,756  
  4,101    

Arrow Electronics Inc., (2)

          316,023  
  6,650    

Avnet Inc.

          288,411  
  33,809    

Corning Inc.

          1,119,078  
  8,581    

Keysight Technologies Inc., (2)

          748,263  
  15,345    

National Instruments Corporation

                      680,704  
 

Total Electronic Equipment, Instruments & Components

                      4,432,235  
      Energy Equipment & Services – 0.1%                    
  36,367    

Nabors Industries Ltd

          125,103  
  41,606    

Transocean Ltd

                      362,388  
 

Total Energy Equipment & Services

                      487,491  
      Entertainment – 0.0%                    
  10,821    

Cinemark Holdings Inc.

                      432,732  
      Equity Real Estate Investment Trust – 0.4%                    
  20,548    

Apartment Investment & Management Company, Class A

          1,033,359  
  60,901    

CubeSmart

          1,951,268  
  3,456    

Retail Value Inc.

          107,723  
  33,242    

SITE Centers Corporation

                      452,756  
 

Total Equity Real Estate Investment Trust

                      3,545,106  
      Food & Staples Retailing – 0.3%                    
  4,240    

Casey's General Stores Inc.

          545,985  
  28,221    

Kroger Company

          694,236  
  9,705    

Sysco Corporation

          647,906  
  22,644    

US Foods Holding Corporation, (2)

                      790,502  
 

Total Food & Staples Retailing

                      2,678,629  

 

2


Shares     Description (1)                   Value  
      Food Products – 0.2%                    
  16,955    

Conagra Brands Inc.

        $ 470,332  
  5,913    

Hain Celestial Group Inc., (2)

          136,709  
  12,270    

Pilgrim's Pride Corporation, (2)

          273,498  
  4,240    

Post Holdings Inc., (2)

                      463,856  
 

Total Food Products

                      1,344,395  
      Health Care Equipment & Supplies – 1.5%                    
  76,517    

Abbott Laboratories, (3)

          6,116,769  
  4,070    

Becton Dickinson and Company, (3)

          1,016,401  
  17,847    

Danaher Corporation

          2,356,161  
  9,409    

Hill-Rom Holdings Inc.

          996,037  
  4,141    

Stryker Corporation, (3)

          817,930  
  12,382    

Zimmer Biomet Holdings Inc., (3)

                      1,581,181  
 

Total Health Care Equipment & Supplies

                      12,884,479  
      Health Care Providers & Services – 0.2%                    
  4,564    

McKesson Corporation, (3)

          534,262  
  8,864    

Universal Health Services Inc.

                      1,185,737  
 

Total Health Care Providers & Services

                      1,719,999  
      Hotels, Restaurants & Leisure – 0.5%                    
  23,105    

Carnival Corporation

          1,171,885  
  11,155    

Darden Restaurants Inc.

          1,354,998  
  32,571    

Restaurant Brands International Inc.

                      2,120,698  
 

Total Hotels, Restaurants & Leisure

                      4,647,581  
      Household Durables – 0.1%                    
  46,329    

KB Home

                      1,119,772  
      Industrial Conglomerates – 0.1%                    
  6,402    

Honeywell International Inc.

                      1,017,406  
      Insurance – 0.2%                    
  26,378    

Fidelity National Financial Inc.

          964,116  
  13,386    

Torchmark Corporation

                      1,096,983  
 

Total Insurance

                      2,061,099  
      Interactive Media & Services – 15.7%                    
  34,375    

Alphabet Inc., (3)

          40,332,531  
  33,333    

Alphabet Inc.

          39,229,274  
  47,960    

Baidu Inc., ADR, (2), (3)

          7,906,206  
  260,000    

Facebook Inc.

          43,339,400  
  19,630    

IAC/InterActiveCorporation

          4,124,459  
  33,462    

Twitter Inc., (2)

                      1,100,231  
 

Total Interactive Media & Services

                      136,032,101  
      Internet & Direct Marketing Retail – 14.3%                    
  55,000    

Amazon.com Inc.

          97,941,250  
  9,480    

Booking Holdings Inc.

          16,541,747  
  234,230    

eBay Inc., (3)

                      8,699,302  
 

Total Internet & Direct Marketing Retail

                      123,182,299  
      IT Services – 4.5%                    
  8,089    

Black Knight Inc.

          440,851  
  13,765    

DXC Technology Company

          885,227  
  26,548    

Fidelity National Information Services Inc.

          3,002,579  
  21,425    

Genpact Ltd

          753,732  
  18,200    

Global Payments Inc.

          2,484,664  
  65,694    

Infosys Ltd, ADR

          718,035  
  50,191    

Jack Henry & Associates Inc.

          6,963,499  
  5,588    

Leidos Holdings Inc.

          358,135  
  218,030    

PayPal Holdings Inc.

          22,640,235  

 

3


QQQX    Nuveen NASDAQ 100 Dynamic Overwrite Fund (continued)
   Portfolio of Investments    March 31, 2019
   (Unaudited)

 

Shares     Description (1)                   Value  
      IT Services (continued)                    
  6,884    

Perspecta Inc.

        $ 139,194  
  9,572    

Total System Services Inc.

                      909,436  
 

Total IT Services

                      39,295,587  
      Life Sciences Tools & Services – 0.7%                    
  64,693    

Agilent Technologies Inc.

          5,200,023  
  5,342    

Charles River Laboratories International Inc., (2)

                      775,926  
 

Total Life Sciences Tools & Services

                      5,975,949  
      Machinery – 0.2%                    
  10,625    

Caterpillar Inc.

          1,439,581  
  8,930    

Fortive Corporation

                      749,138  
 

Total Machinery

                      2,188,719  
      Media – 3.9%                    
  5,467    

AMC Networks Inc., (2)

          310,307  
  21,417    

CBS Corporation

          1,017,950  
  758,455    

Comcast Corporation, (3)

          30,323,031  
  88,822    

News Corporation

          1,104,945  
  73,714    

News Corporation

          920,688  
  7,626    

WPP PLC, ADR

                      402,653  
 

Total Media

                      34,079,574  
      Multiline Retail – 0.2%                    
  71,060    

JC Penney Company Inc.

          105,879  
  7,698    

Kohl's Corporation

          529,392  
  11,267    

Target Corporation

                      904,289  
 

Total Multiline Retail

                      1,539,560  
      Oil, Gas & Consumable Fuels – 0.4%                    
  22,199    

Anadarko Petroleum Corporation

          1,009,611  
  13,163    

Antero Resources Corporation, (2)

          116,229  
  9,705    

Continental Resources Inc.

          434,493  
  10,374    

Devon Energy Corporation

          327,403  
  26,660    

Marathon Oil Corporation

          445,489  
  12,606    

Noble Energy Inc.

          311,746  
  28,669    

QEP Resources Inc.

          223,331  
  17,178    

Range Resources Corporation

                      193,081  
 

Total Oil, Gas & Consumable Fuels

                      3,061,383  
      Pharmaceuticals – 0.1%                    
  6,646    

Jazz Pharmaceuticals PLC, (2)

                      950,046  
      Professional Services – 0.4%                    
  11,498    

IHS Markit Ltd

          625,261  
  12,785    

ManpowerGroup Inc.

          1,057,192  
  21,860    

Robert Half International Inc.

                      1,424,397  
 

Total Professional Services

                      3,106,850  
      Semiconductors & Semiconductor Equipment – 11.5%                    
  102,616    

Analog Devices Inc.

          10,802,386  
  349,465    

Applied Materials Inc., (3)

          13,859,782  
  19,843    

Integrated Device Technology Inc.

          972,109  
  725,105    

Intel Corporation, (3)

          38,938,138  
  92,016    

NVIDIA Corporation

          16,522,393  
  31,105    

ON Semiconductor Corporation

          639,830  
  6,619    

Power Integrations Inc.

          462,933  
  263,229    

QUALCOMM Inc., (3)

          15,011,950  
  11,318    

Silicon Laboratories Inc., (2)

          915,173  
  22,309    

Taiwan Semiconductor Manufacturing Company Ltd, ADR

                      913,777  
 

Total Semiconductors & Semiconductor Equipment

                      99,038,471  

 

4


Shares     Description (1)                   Value  
      Software – 14.6%                    
  20,075    

ANSYS Inc., (2)

        $ 3,667,903  
  60,229    

Autodesk Inc.

          9,384,883  
  13,371    

CDK Global Inc.

          786,482  
  5,364    

j2 Global Inc., (3)

          464,522  
  880,000    

Microsoft Corporation, (3)

          103,787,200  
  1,767    

MicroStrategy Inc., (2), (3)

          254,890  
  24,790    

Open Text Corporation

          952,680  
  44,617    

Oracle Corporation

          2,396,379  
  13,834    

PTC Inc., (2)

          1,275,218  
  17,845    

Red Hat Inc.

                      3,260,282  
 

Total Software

                      126,230,439  
      Specialty Retail – 0.8%                    
  16,622    

Aaron's Inc.

          874,317  
  4,987    

Advance Auto Parts Inc.

          850,433  
  891    

AutoZone Inc.

          912,491  
  18,404    

Bed Bath & Beyond Inc.

          312,684  
  22,309    

CarMax Inc.

          1,557,168  
  19,566    

Dick's Sporting Goods Inc.

          720,225  
  10,374    

Foot Locker Inc.

          628,664  
  16,175    

Michaels Companies Inc., (2)

          184,719  
  15,617    

Sally Beauty Holdings Inc., (2)

          287,509  
  19,855    

Urban Outfitters Inc., (2)

                      588,502  
 

Total Specialty Retail

                      6,916,712  
      Technology Hardware, Storage & Peripherals – 12.1%                    
  545,000    

Apple Inc., (3)

          103,522,750  
  21,243    

Hewlett Packard Enterprise Company

          327,780  
  8,924    

NetApp Inc.

                      618,790  
 

Total Technology Hardware, Storage & Peripherals

                      104,469,320  
      Textiles, Apparel & Luxury Goods – 0.3%                    
  8,249    

PVH Corporation

          1,005,965  
  4,238    

Ralph Lauren Corporation

          549,584  
  19,855    

Skechers USA Inc., (2)

                      667,327  
 

Total Textiles, Apparel & Luxury Goods

                      2,222,876  
      Wireless Telecommunication Services – 0.2%                    
  31,905    

Sprint Corporation

          180,263  
  21,466    

Telephone & Data Systems Inc.

          659,650  
  14,514    

United States Cellular Corporation, (2)

                      666,338  
 

Total Wireless Telecommunication Services

                      1,506,251  
 

Total Long-Term Investments (cost $306,010,145)

                      873,737,531  
Principal
Amount (000)
    Description (1)   Coupon      Maturity      Value  
 

SHORT-TERM INVESTMENTS – 1.9%

       
      REPURCHASE AGREEMENTS – 1.9%                    
$ 15,909    

Repurchase Agreement with Fixed Income Clearing Corporation,
dated 3/29/19, repurchase price $15,910,882,
collateralized by $15,850,000 U.S. Treasury Notes,
2.500%, due 3/31/23, value $16,231,050

    1.200%        4/01/19      $ 15,909,291  
 

Total Short-Term Investments (cost $15,909,291)

                      15,909,291  
 

Total Investments (cost $321,919,436) – 103.0%

                      889,646,822  
 

Other Assets Less Liabilities – (3.0)% (4)

                      (25,566,445
 

Net Assets Applicable to Common Shares – 100%

                    $ 864,080,377  

 

5


QQQX    Nuveen NASDAQ 100 Dynamic Overwrite Fund (continued)
   Portfolio of Investments    March 31, 2019
   (Unaudited)

 

Investments in Derivatives

Options Purchased

 

Description (5)      Type        Number of
Contracts
       Notional
Amount (6)
       Exercise
Price
       Expiration
Date
       Value  

Utilities Select Sector SPDR

       Put          400        $ 2,280,000        $ 57          4/18/19        $ 12,000  

Total Options Purchased (premiums paid $14,016)

                  400        $ 2,280,000                              $ 12,000  

Options Written

 

Description (5)      Type        Number of
Contracts
       Notional
Amount (6)
       Exercise
Price
       Expiration
Date
       Value  

NASDAQ® 100 Index

       Call          (120      $ (87,900,000      $ 7,325          4/18/19        $ (1,685,400

NASDAQ® 100 Index

       Call          (120        (88,200,000        7,350          4/18/19          (1,486,800

NASDAQ® 100 Index

       Call          (475        (346,750,000        7,300          4/18/19          (7,524,000

Total Options Written (premiums received $9,248,189)

                  (715      $ (522,850,000                            $ (10,696,200

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).

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:

                                     

Common Stocks

     $ 873,737,531      $      $      $ 873,737,531  

Short-Term Investments:

             

Repurchase Agreements

              15,909,291               15,909,291  

Investments in Derivatives:

             

Options Purchased

       12,000                      12,000  

Options Written

       (10,696,200                    (10,696,200

Total

     $ 863,053,331      $ 15,909,291      $      $ 878,962,622  

 

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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)

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

 

(3)

Investment, or portion of investment, has been pledged to collateralized the net payment obligations for investments in derivatives.

 

(4)

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. Other assets less liabilities also includes the value of options.

 

(5)

Exchange-traded, unless otherwise noted.

 

(6)

For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100.

 

ADR

American Depositary Receipt

 

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