NPORT-EX 2 tiaa_JHAA.htm
1
Nuveen
Corporate
Income
2023
Target
Term
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
JHAA
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
101.1%  
(95.5%
of
Total
Investments) 
X
71,186,848
CORPORATE
BONDS
-
97.0%
(91.6%
of
Total
Investments)
X
71,186,848
Automobiles
-
8.8%
$
2,000
Ford
Motor
Credit
Co
LLC
3.370%
11/17/23
BB+
$
1,961,795
2,550
Ford
Motor
Credit
Co
LLC
5.584%
3/18/24
BB+
2,524,143
2,000
General
Motors
Financial
Co
Inc
5.100%
1/17/24
BBB
1,993,844
Total
Automobiles
6,479,782
Chemicals
-
13.9%
4,378
Celanese
US
Holdings
LLC
3.500%
5/08/24
BBB-
4,276,007
2,000
Mosaic
Co
4.250%
11/15/23
BBB
1,978,734
4,025
NOVA
Chemicals
Corp,
144A
4.875%
6/01/24
BB
3,970,944
Total
Chemicals
10,225,685
Commercial
Services
&
Supplies
-
4.0%
211
ADT
Security
Corp
4.125%
6/15/23
BB-
209,977
2,750
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc,
144A
5.250%
4/15/24
BB-
2,719,063
Total
Commercial
Services
&
Supplies
2,929,040
Consumer
Finance
-
6.2%
780
Navient
Corp
7.250%
9/25/23
Ba3
777,355
1,250
Navient
Corp
6.125%
3/25/24
Ba3
1,233,200
1,300
OneMain
Finance
Corp
8.250%
10/01/23
BB
1,304,030
1,250
OneMain
Finance
Corp
6.125%
3/15/24
BB
1,217,682
Total
Consumer
Finance
4,532,267
Containers
&
Packaging
-
6.0%
3,000
Ball
Corp
4.000%
11/15/23
BB+
2,964,515
1,000
Berry
Global
Inc
0.950%
2/15/24
BBB-
953,814
500
Graphic
Packaging
International
LLC,
144A
0.821%
4/15/24
BBB-
476,401
Total
Containers
&
Packaging
4,394,730
Electric
Utilities
-
2.7%
1,000
Georgia
Power
Co
2.100%
7/30/23
BBB+
989,021
1,000
NextEra
Energy
Capital
Holdings
Inc
2.940%
3/21/24
A-
975,650
Total
Electric
Utilities
1,964,671
Entertainment
-
1.0%
750
Warnermedia
Holdings
Inc,
144A
3.528%
3/15/24
BBB-
732,450
Total
Entertainment
732,450
Equity
Real
Estate
Investment
Trusts
(Reits)
-
2.4%
1,750
Starwood
Property
Trust
Inc,
144A
5.500%
11/01/23
BB+
1,753,290
Total
Equity
Real
Estate
Investment
Trusts
(Reits)
1,753,290
Financial
Services
-
0.5%
350
Park
Aerospace
Holdings
Ltd,
144A
5.500%
2/15/24
BBB-
346,728
Total
Financial
Services
346,728
Gas
Utilities
-
2.5%
1,900
AmeriGas
Partners
LP
/
AmeriGas
Finance
Corp
5.625%
5/20/24
BB-
1,862,000
Total
Gas
Utilities
1,862,000
Nuveen
Corporate
Income
2023
Target
Term
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
2
JHAA
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Health
Care
Providers
&
Services
-
1.4%
$
1,000
HCA
Inc
5.000%
3/15/24
BBB-
$
994,006
Total
Health
Care
Providers
&
Services
994,006
Hotels,
Restaurants
&
Leisure
-
3.7%
2,750
Yum!
Brands
Inc
3.875%
11/01/23
BB
2,715,847
Total
Hotels,
Restaurants
&
Leisure
2,715,847
Household
Durables
-
2.7%
2,035
Taylor
Morrison
Communities
Inc
/
Taylor
Morrison
Holdings
II
Inc,
144A
5.625%
3/01/24
BB
2,020,571
Total
Household
Durables
2,020,571
Independent
Power
And
Renewable
Electricity
Producers
-
2.7%
2,000
Vistra
Operations
Co
LLC,
144A
4.875%
5/13/24
BBB-
1,970,617
Total
Independent
Power
And
Renewable
Electricity
Producers
1,970,617
Media
-
2.8%
340
AMC
Networks
Inc
5.000%
4/01/24
BB-
335,356
1,750
CSC
Holdings
LLC
5.250%
6/01/24
CCC+
1,688,750
Total
Media
2,024,106
Metals
&
Mining
-
5.7%
1,100
Commercial
Metals
Co
4.875%
5/15/23
BB+
1,096,009
3,125
FMG
Resources
August
2006
Pty
Ltd,
144A
5.125%
5/15/24
BB+
3,091,427
Total
Metals
&
Mining
4,187,436
Oil,
Gas
&
Consumable
Fuels
-
12.6%
550
Buckeye
Partners
LP
4.150%
7/01/23
BB
545,729
1,000
Continental
Resources
Inc/OK
3.800%
6/01/24
BBB
979,829
225
Continental
Resources
Inc/OK
4.500%
4/15/23
BBB
224,718
794
Energean
Israel
Finance
Ltd,
144A
,
Reg
S
4.500%
3/30/24
BB-
775,130
250
Energy
Transfer
LP
5.875%
1/15/24
BBB-
249,903
1,000
Energy
Transfer
LP
/
Regency
Energy
Finance
Corp
4.500%
11/01/23
BBB-
991,327
750
EQM
Midstream
Partners
LP
4.750%
7/15/23
BB
744,375
500
Kinder
Morgan
Inc,
144A
5.625%
11/15/23
BBB-
499,535
1,500
Leviathan
Bond
Ltd,
144A
,
Reg
S
5.750%
6/30/23
BB
1,495,467
1,000
NAK
Naftogaz
Ukraine
via
Kondor
Finance
PLC
,
Reg
S
(3)
7.375%
7/19/24
N/R
270,000
1,000
Petroleos
Mexicanos
4.875%
1/18/24
BBB
986,230
500
Petroleos
Mexicanos
4.625%
9/21/23
BBB
495,930
1,000
Sabine
Pass
Liquefaction
LLC
5.750%
5/15/24
BBB+
1,002,375
Total
Oil,
Gas
&
Consumable
Fuels
9,260,548
Passenger
Airlines
-
3.0%
1,250
Delta
Air
Lines
Inc
3.800%
4/19/23
Baa3
1,246,884
1,000
United
Airlines
Holdings
Inc
5.000%
2/01/24
BB-
980,439
Total
Passenger
Airlines
2,227,323
Pharmaceuticals
-
3.7%
750
Mylan
Inc
4.200%
11/29/23
BBB
741,920
2,000
Teva
Pharmaceutical
Finance
Netherlands
III
BV
6.000%
4/15/24
Ba2
2,000,000
Total
Pharmaceuticals
2,741,920
Semiconductors
&
Semiconductor
Equipment
-
1.0%
750
Broadcom
Corp
/
Broadcom
Cayman
Finance
Ltd
3.625%
1/15/24
Baa2
739,001
Total
Semiconductors
&
Semiconductor
Equipment
739,001
3
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Specialized
Reits
-
2.7%
$
1,000
American
Tower
Corp
5.000%
2/15/24
BBB+
$
995,405
1,000
Crown
Castle
Inc
3.150%
7/15/23
BBB+
993,797
Total
Specialized
Reits
1,989,202
Trading
Companies
&
Distributors
-
1.1%
400
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
4.500%
9/15/23
BBB
396,175
400
Aircastle
Ltd
4.400%
9/25/23
BBB
392,844
Total
Trading
Companies
&
Distributors
789,019
Wireless
Telecommunication
Services
-
5.9%
4,275
Sprint
LLC
7.875%
9/15/23
Baa3
4,306,609
Total
Wireless
Telecommunication
Services
4,306,609
Total
Corporate
Bonds
(cost
$72,752,231)
71,186,848
Principal
Amount
(000)
Description
(1)
Coupon
(4)
Reference
Rate
(4)
Spread
(4)
Maturity
(5)
Ratings
(2)
Value
X
1,856,492
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
2.5%
(2.4%
of
Total
Investments)
(4)
X
1,856,492
Entertainment
-
0.9%
$
632
Univision
Communications
Inc.,
Term
Loan
C5
7.590%
1-Month
LIBOR
2.750%
3/15/24
B+
$
632,268
Total
Entertainment
632,268
Health
Care
Providers
&
Services
-
1.1%
957
Team
Health
Holdings,
Inc.,
Term
Loan,
First
Lien
7.590%
1-Month
LIBOR
2.750%
2/06/24
B-
822,799
Total
Health
Care
Providers
&
Services
822,799
Media
-
0.4%
295
Nexstar
Broadcasting,
Inc.,
Term
Loan
B4
7.340%
1-Month
LIBOR
2.500%
9/18/26
BBB-
294,923
Total
Media
294,923
Semiconductors
&
Semiconductor
Equipment
-
0.1%
107
MACOM
Technology
Solutions
Holdings,
Inc.,
Term
Loan
7.090%
1-Month
LIBOR
2.250%
5/19/24
Ba1
106,502
Total
Semiconductors
&
Semiconductor
Equipment
106,502
Total
Variable
Rate
Senior
Loan
Interests
(cost
$1,952,417)
1,856,492
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
1,174,731
CONVERTIBLE
BONDS
-
1.6%
(1.5%
of
Total
Investments)
X
1,174,731
Computers
&
Peripherals
-
0.9%
$
700
Western
Digital
Corp
1.500%
2/01/24
Baa3
$
674,800
Total
Computers
&
Peripherals
674,800
Nuveen
Corporate
Income
2023
Target
Term
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
4
JHAA
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
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)  
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Mortgage
Real
Estate
Investment
Trusts
(Reits)
-
0.7%
$
500
Starwood
Property
Trust
Inc
4.375%
4/01/23
BB+
$
499,931
Total
Mortgage
Real
Estate
Investment
Trusts
(Reits)
499,931
Total
Convertible
Bonds
(cost
$1,200,594)
1,174,731
Total
Long-Term
Investments
(cost
$75,905,242)
74,218,071
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
 4.8% (4.5%
of
Total
Investments) 
X
3,520,404
REPURCHASE
AGREEMENTS
-
4.8%
(4.5%
of
Total
Investments)
X
3,520,404
$
3,520
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
3/31/23,
repurchase
price
$3,520,827,
collateralized
by
$3,605,500,
U.S.
Treasury
Note,
3.500%,
due
2/15/33,
value
$3,590,854
1.440%
4/03/23
$
3,520,404
Total
Repurchase
Agreements
(cost
$3,520,404)
3,520,404
Total
Short-Term
Investments
(cost
$3,520,404)
3,520,404
Total
Investments
(cost
$
79,425,646
)
-
105
.9
%
77,738,475
Borrowings
-
(6.7)%
(6),(7)
(
4,900,000
)
Other
Assets
&
Liabilities,
Net
-  0.8%
582,148
Net
Assets
Applicable
to
Common
Shares
-
100%
$
73,420,623
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
–
$
71,186,848
$
–
$
71,186,848
Variable
Rate
Senior
Loan
Interests
–
1,856,492
–
1,856,492
Convertible
Bonds
–
1,174,731
–
1,174,731
Short-Term
Investments:
Repurchase
Agreements
–
3,520,404
–
3,520,404
Total
$
–
$
77,738,475
$
–
$
77,738,475
5
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)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(4)
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.
(5)
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.
(6)
Borrowings
as
a
percentage
of
Total
Investments
is
6.3%.
(7)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investment
(excluding
any
investments
pledged
as
collateral
to
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
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.
LIBOR
London
Inter-Bank
Offered
Rate
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.