Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
LONG-TERM INVESTMENTS – 124.8% (97.8% of Total Investments) | ||||||||
EMERGING MARKETS DEBT – 69.9% (54.8% of Total Investments) | ||||||||
Argentina – 3.2% | ||||||||
$8,214 | Provincia de Buenos Aires/Government Bonds, 144A | 3.900% | 9/01/37 | N/R | $3,655,285 | |||
Bahrain – 2.6% | ||||||||
2,950 | Bahrain Government International Bond, 144A, (3) | 6.125% | 7/05/22 | B+ | 3,042,188 | |||
Barbados – 5.8% | ||||||||
6,640 | Barbados Government International Bond, 144A | 6.500% | 10/01/29 | B- | 6,672,697 | |||
Costa Rica – 4.4% | ||||||||
5,000 | Costa Rica Government International Bond, 144A, (3) | 4.250% | 1/26/23 | B | 5,097,000 | |||
Ecuador – 4.4% | ||||||||
2,205 | Ecuador Government International Bond, 144A | 5.000% | 7/31/30 | B- | 1,852,222 | |||
625 | Ecuador Government International Bond, 144A | 0.000% | 7/31/30 | B- | 333,820 | |||
3,640 | Ecuador Government International Bond, 144A | 1.000% | 7/31/35 | B- | 2,398,186 | |||
853 | Ecuador Government International Bond, 144A | 0.500% | 7/31/40 | B- | 495,582 | |||
7,323 | Total Ecuador | 5,079,810 | ||||||
Egypt – 4.0% | ||||||||
3,775 | Egypt Government International Bond, 144A | 6.125% | 1/31/22 | B+ | 3,801,425 | |||
725 | Egypt Government International Bond, 144A | 5.577% | 2/21/23 | B+ | 745,757 | |||
4,500 | Total Egypt | 4,547,182 | ||||||
El Salvador – 4.7% | ||||||||
6,375 | El Salvador Government International Bond, 144A, (3) | 7.750% | 1/24/23 | B- | 5,371,001 | |||
Ghana – 1.1% | ||||||||
1,250 | Ghana Government International Bond, 144A | 9.250% | 9/15/22 | B | 1,281,250 | |||
Iraq – 8.4% | ||||||||
9,500 | Iraq International Bond, 144A, (3) | 6.752% | 3/09/23 | B- | 9,642,500 | |||
Lebanon – 1.3% | ||||||||
4,000 | Lebanon Government International Bond, (4) | 6.400% | 5/26/23 | D | 653,648 | |||
5,000 | Lebanon Government International Bond, Reg S, (4) | 6.000% | 1/27/23 | D | 825,600 | |||
9,000 | Total Lebanon | 1,479,248 | ||||||
Mongolia – 4.2% | ||||||||
3,000 | Mongolia Government International Bond, 144A | 5.125% | 12/05/22 | B | 3,108,753 |
JEMD | Nuveen Emerging Markets Debt 2022 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Mongolia (continued) | ||||||||
$1,650 | Mongolia Government International Bond, 144A | 5.625% | 5/01/23 | B | $1,731,752 | |||
4,650 | Total Mongolia | 4,840,505 | ||||||
Nigeria – 3.0% | ||||||||
3,425 | Nigeria Government International Bond, (3) | 5.625% | 6/27/22 | B2 | 3,502,542 | |||
Oman – 2.7% | ||||||||
3,000 | Oman Government International Bond, 144A | 4.125% | 1/17/23 | Ba3 | 3,060,000 | |||
Pakistan – 3.1% | ||||||||
3,450 | Third Pakistan International Sukuk Co Ltd, 144A | 5.625% | 12/05/22 | B- | 3,525,900 | |||
Sri Lanka – 1.7% | ||||||||
3,000 | Sri Lanka Government International Bond, 144A | 5.750% | 4/18/23 | CCC+ | 1,969,620 | |||
Turkey – 4.3% | ||||||||
4,000 | Turkey Government International Bond | 3.250% | 3/23/23 | BB- | 3,981,608 | |||
1,000 | Turkiye Ihracat Kredi Bankasi AS, 144A | 4.250% | 9/18/22 | B+ | 1,012,420 | |||
5,000 | Total Turkey | 4,994,028 | ||||||
Ukraine – 7.4% | ||||||||
8,225 | Ukraine Government International Bond, 144A, (3) | 7.750% | 9/01/22 | B | 8,554,000 | |||
Zambia – 3.6% | ||||||||
5,500 | Zambia Government International Bond, 144A | 5.375% | 9/20/22 | D | 4,120,380 | |||
$97,002 | Total Emerging Markets Debt (cost $90,368,338) | 80,435,136 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
CORPORATE BONDS – 53.6% (42.0% of Total Investments) | ||||||||
Aerospace & Defense – 2.7% | ||||||||
$3,000 | Embraer SA | 5.150% | 6/15/22 | BB+ | $3,067,530 | |||
Banks – 10.9% | ||||||||
2,000 | TC Ziraat Bankasi AS, 144A | 5.125% | 5/03/22 | B+ | 2,025,040 | |||
3,200 | Turkiye Is Bankasi AS, 144A | 6.000% | 10/24/22 | B- | 3,268,800 | |||
2,704 | Turkiye Vakiflar Bankasi TAO, 144A | 6.000% | 11/01/22 | B- | 2,751,320 | |||
700 | Turkiye Vakiflar Bankasi TAO, 144A | 5.750% | 1/30/23 | B+ | 717,500 | |||
717 | Ukreximbank Via Biz Finance PLC, 144A | 9.625% | 4/27/22 | B | 727,531 | |||
3,000 | United Bank for Africa PLC, 144A, (3) | 7.750% | 6/08/22 | B | 3,075,000 | |||
12,321 | Total Banks | 12,565,191 | ||||||
Beverages – 1.3% | ||||||||
1,500 | Anadolu Efes Biracilik Ve Malt Sanayii AS, 144A | 3.375% | 11/01/22 | BBB- | 1,526,400 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
Capital Markets – 1.3% | ||||||||
$1,500 | Grupo Aval Ltd, 144A, (3) | 4.750% | 9/26/22 | BB+ | $1,539,375 | |||
Electric Utilities – 1.3% | ||||||||
1,500 | Instituto Costarricense de Electricidad, 144A | 6.950% | 11/10/21 | B1 | 1,500,765 | |||
Food Products – 4.0% | ||||||||
1,800 | BRF SA, 144A | 3.950% | 5/22/23 | Ba2 | 1,849,500 | |||
2,700 | Kernel Holding SA, 144A | 8.750% | 1/31/22 | BB- | 2,741,148 | |||
4,500 | Total Food Products | 4,590,648 | ||||||
Hotels, Restaurants & Leisure – 0.9% | ||||||||
1,000 | Fortune Star BVI Ltd, Reg S | 5.250% | 3/23/22 | BB | 1,001,929 | |||
Metals & Mining – 3.6% | ||||||||
1,569 | Petra Diamonds US Treasury PLC, 144A, (cash 10.500%, PIK 10.500%) | 10.500% | 3/08/26 | B- | 1,608,225 | |||
2,500 | Volcan Cia Minera SAA, 144A | 5.375% | 2/02/22 | BB | 2,505,000 | |||
4,069 | Total Metals & Mining | 4,113,225 | ||||||
Oil, Gas & Consumable Fuels – 10.6% | ||||||||
1,000 | NAK Naftogaz Ukraine via Kondor Finance PLC, Reg S | 7.375% | 7/19/22 | B | 1,016,510 | |||
6,740 | Petroleos Mexicanos, (3) | 3.500% | 1/30/23 | BBB | 6,824,250 | |||
4,200 | Sasol Financing International Ltd | 4.500% | 11/14/22 | BB | 4,295,121 | |||
11,940 | Total Oil, Gas & Consumable Fuels | 12,135,881 | ||||||
Pharmaceuticals – 4.4% | ||||||||
5,050 | Teva Pharmaceutical Finance Co BV | 2.950% | 12/18/22 | BBB | 5,087,875 | |||
Real Estate Management & Development – 4.8% | ||||||||
3,200 | China Evergrande Group, Reg S | 8.250% | 3/23/22 | C | 816,001 | |||
1,750 | Country Garden Holdings Co Ltd, Reg S | 4.750% | 7/25/22 | Baa3 | 1,746,295 | |||
3,000 | Shimao Group Holdings Ltd, Reg S | 4.750% | 7/03/22 | BBB- | 2,969,773 | |||
7,950 | Total Real Estate Management & Development | 5,532,069 | ||||||
Road & Rail – 6.5% | ||||||||
7,400 | Transnet SOC Ltd, 144A, (3) | 4.000% | 7/26/22 | Ba2 | 7,474,740 | |||
Wireless Telecommunication Services – 1.3% | ||||||||
1,525 | MTN Mauritius Investments Ltd, 144A | 5.373% | 2/13/22 | Ba2 | 1,540,537 | |||
$63,255 | Total Corporate Bonds (cost $63,185,492) | 61,676,165 |
Shares | Description (1) | Value | ||||||
COMMON STOCKS – 0.9% (0.7% of Total Investments) |
JEMD | Nuveen Emerging Markets Debt 2022 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||
Metals & Mining – 0.9% | ||||||||
41,708,682 | Petra Diamonds, (5) | $983,470 | ||||||
Total Common Stocks (cost $784,123) | 983,470 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
CONVERTIBLE BONDS – 0.4% (0.3% of Total Investments) | ||||||||
Wireless Telecommunication Services – 0.4% | ||||||||
$598 | Digicel Group Holdings Ltd, 144A, (cash 7.000%, PIK 7.000%) | 7.000% | N/A (6) | CC | $488,628 | |||
$598 | Total Convertible Bonds (cost $79,181) | 488,628 | ||||||
Total Long-Term Investments (cost $154,417,134) | 143,583,399 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (2) | Value | |||
SHORT-TERM INVESTMENTS – 2.8% (2.2% of Total Investments) | ||||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 2.8% (2.2% of Total Investments) | ||||||||
$3,207 | Federal Agricultural Mortgage Corp Discount Notes | 0.000% | 10/01/21 | N/R | $3,207,000 | |||
$3,207 | Total Short-Term Investments (cost $3,207,000) | 3,207,000 | ||||||
Total Investments (cost $157,624,134) – 127.6% | 146,790,399 | |||||||
Reverse Repurchase Agreements, including accrued interest – (28.6)% (7) | (32,963,623) | |||||||
Other Assets Less Liabilities – 1.0% | 1,249,840 | |||||||
Net Assets Applicable to Common Shares – 100% | $115,076,616 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Emerging Markets Debt | $ — | $80,435,136 | $ — | $80,435,136 |
Corporate Bonds | — | 61,676,165 | — | 61,676,165 |
Common Stocks | 983,470 | — | — | 983,470 |
Convertible Bonds | — | 488,628 | — | 488,628 |
Short-Term Investments: | ||||
U.S. Government and Agency Obligations | — | 3,207,000 | — | 3,207,000 |
Total | $983,470 | $145,806,929 | $ — | $146,790,399 |
JEMD | Nuveen Emerging Markets Debt 2022 Target Term Fund (continued) |
Portfolio of Investments September 30, 2021 | |
(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) | 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. | |
(3) | Investment, or portion of investment has been pledged to collateralize the net payment obligations for investments in reverse repurchase agreements. As of the end of the reporting period, investments with a value of $42,350,558 have been pledged as collateral for reverse repurchase agreements. | |
(4) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(5) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(6) | Perpetual security. Maturity date is not applicable. | |
(7) | Reverse Repurchase Agreements, including accrued interest as a percentage of Total Investments is 22.5%. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
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. | |
Reg S | Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States. |