N-Q 1 d368428dnq.htm NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND Nuveen Short Duration Credit Opportunities Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22518

Nuveen Short Duration Credit Opportunities Fund

(Exact name of registrant as specified in charter)

    333 West Wacker Drive, Chicago, Illinois 60606    

(Address of principal executive offices) (Zip code)

Gifford R. Zimmerman—Vice President and Secretary

    333 West Wacker Drive, Chicago, Illinois 60606    

(Name and address of agent for service)

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

Date of fiscal year end:       July 31      

Date of reporting period:  April 30, 2017

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

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

 

 

 

 

 


Item 1. Schedule of Investments

 

 


JSD

 

Nuveen Short Duration Credit Opportunities Fund

  

Portfolio of Investments

   April 30, 2017 (Unaudited)

 

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

LONG-TERM INVESTMENTS – 151.5% (91.2% of Total Investments)

 

        
 

VARIABLE RATE SENIOR LOAN INTERESTS – 131.5% (79.2% of Total Investments) (4)

 

      Aerospace & Defense – 3.2% (1.9% of Total Investments)  
$ 3,084    

Sequa Corporation, Term Loan, First Lien, (WI/DD)

    TBD        TBD        B–      $ 3,120,648  
  1,062    

Sequa Corporation, Term Loan, Second Lien, (WI/DD)

    TBD        TBD        CCC        1,081,777  
  1,680    

Transdigm, Inc., Extend Term Loan F

    3.993%        6/07/23        Ba2        1,679,151  
  5,826    

Total Aerospace & Defense

                               5,881,576  
      Air Freight & Logistics – 1.4% (0.8% of Total Investments)  
  886    

Americold Realty Operating Partnership, Term Loan B, (DD1)

    4.750%        12/01/22        BB        897,051  
  883    

PAE Holding Corporation, Term Loan B, (DD1)

    6.500%        10/20/22        B+        889,469  
  722    

XPO Logistics, Inc., Refinanced Term Loan

    3.405%        11/01/21        Ba1        727,368  
  2,491    

Total Air Freight & Logistics

                               2,513,888  
      Airlines – 2.3% (1.4% of Total Investments)                           
  970    

American Airlines, Inc., Replacement Term Loan

    2.993%        6/27/20        BB+        971,917  
  1,467    

American Airlines, Inc., Term Loan B

    3.494%        12/14/23        BB+        1,471,144  
  1,715    

American Airlines, Inc., Term Loan B, First Lien

    3.490%        10/08/21        BB+        1,720,467  
  4,152    

Total Airlines

                               4,163,528  
      Automobiles – 1.9% (1.1% of Total Investments)                           
  2,938    

Formula One Group, Term Loan B

    4.568%        2/01/24        B        2,945,546  
  525    

Formula One Group, Term Loan, Second Lien

    8.068%        7/29/22        CCC+        530,250  
  3,463    

Total Automobiles

                               3,475,796  
      Building Products – 0.5% (0.3% of Total Investments)  
  998    

Quikrete Holdings, Inc., Initial Term Loan, First Lien

    4.243%        11/15/23        BB–        1,006,021  
      Capital Markets – 0.7% (0.4% of Total Investments)                           
  500    

Helix Generation, Term Loan B, (WI/DD)

    TBD        TBD        BB        506,375  
  750    

RPI Finance Trust, Term Loan B6

    3.153%        3/16/23        Baa2        753,867  
  1,250    

Total Capital Markets

                               1,260,242  
      Chemicals – 1.4% (0.8% of Total Investments)                           
  206    

Ineos US Finance LLC, New 2022 Dollar Term Loan

    3.743%        3/31/22        Ba2        207,624  
  230    

Ineos US Finance LLC, New 2024 Dollar Term Loan

    3.743%        4/01/24        Ba2        231,635  
  399    

Mineral Technologies, Inc., Term Loan B2

    4.750%        5/07/21        BB+        402,730  
  743    

OM Group, Inc., Term Loan B, First Lien

    6.147%        2/21/24        B        753,638  
  985    

Univar, Inc., Term Loan B

    3.743%        7/01/22        BB–        988,971  
  2,563    

Total Chemicals

                               2,584,598  
      Commercial Services & Supplies – 4.5% (2.7% of Total Investments)  
  189    

Acosta, Inc., Term Loan B

    4.250%        9/26/21        B        176,163  
  499    

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

    5.147%        10/19/23        B2        503,946  
  1,804    

iQor US, Inc., Term Loan, First Lien

    6.148%        4/01/21        B        1,785,857  
  167    

iQor US, Inc., Term Loan, Second Lien

    9.898%        4/01/22        CCC+        151,667  
  990    

KAR Auction Services, Inc., Term Loan B3, First Lien

    4.500%        3/09/23        BB–        1,002,524  
  1,493    

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

    6.647%        9/30/22        B2        1,517,220  
  1,194    

Protection One, Inc., Term Loan, First Lien

    4.250%        5/02/22        BB–        1,207,546  
  1,053    

Skillsoft Corporation, Initial Term Loan, First Lien, (DD1)

    5.750%        4/28/21        B–        989,542  
  988    

Universal Services of America, Initial Term Loan, First Lien

    4.790%        7/28/22        B+        991,049  
  8,377    

Total Commercial Services & Supplies

                               8,325,514  

 

NUVEEN     1  


JSD    Nuveen Short Duration Credit Opportunities Fund
   Portfolio of Investments (continued)    April 30, 2017 (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (4)      Maturity (2)      Ratings (3)      Value  
      Communications Equipment – 3.6% (2.2% of Total Investments)  
$ 729    

Avaya, Inc., DIP Term Loan

    8.500%        1/24/18        Baa3      $ 750,344  
  2,024    

Avaya, Inc., Term Loan B3, (5)

    6.460%        10/26/17        N/R        1,697,257  
  326    

Avaya, Inc., Term Loan B6, (5)

    6.667%        3/31/18        N/R        272,648  
  946    

Avaya, Inc., Term Loan B7, (5), (DD1)

    6.460%        5/29/20        N/R        792,154  
  794    

Colorado Buyer, Inc., Term Loan, First Lien, (WI/DD)

    TBD        TBD        Ba3        800,864  
  365    

Colorado Buyer, Inc., Term Loan, Second Lien, (WI/DD)

    TBD        TBD        B3        366,406  
  950    

CommScope, Inc., Tranche 5, Term Loan B, First Lien

    3.493%        12/29/22        Baa3        957,597  
  966    

Riverbed Technology, Inc., Term Loan B, First Lien

    4.250%        4/24/22        B+        965,719  
  7,100    

Total Communications Equipment

                               6,602,989  
      Consumer Finance – 2.9% (1.8% of Total Investments)  
  5,363    

First Data Corporation, Term Loan B

    3.491%        4/21/24        BB        5,372,349  
      Containers & Packaging – 1.4% (0.8% of Total Investments)  
  812    

Berry Plastics Holding Corporation, Term Loan I

    3.507%        10/01/22        BB        818,168  
  1,661    

Reynolds Group Holdings, Inc., Term Loan, First Lien, (DD1)

    3.993%        2/05/23        B+        1,670,839  
  2,473    

Total Containers & Packaging

                               2,489,007  
      Diversified Consumer Services – 1.7% (1.0% of Total Investments)  
  1,857    

Cengage Learning Acquisitions, Inc., Term Loan B

    5.250%        6/07/23        B+        1,789,562  
  598    

Houghton Mifflin, Term Loan B, First Lien

    4.000%        5/28/21        B+        555,088  
  750    

Laureate Education, Inc., New Term Loan, (WI/DD)

    TBD        TBD        B        750,938  
  3,205    

Total Diversified Consumer Services

                               3,095,588  
      Diversified Financial Services – 2.5% (1.5% of Total Investments)  
  406    

Freedom Mortgage Corporation, Initial Term Loan

    6.862%        2/23/22        BB–        413,105  
  1,995    

Veritas US, Inc., Initial Dollar Term Loan B1

    6.772%        1/27/23        B+        1,987,731  
  2,258    

WideOpenWest Finance LLC, New Term Loan B

    4.554%        8/18/23        B1        2,275,834  
  4,659    

Total Diversified Financial Services

                               4,676,670  
      Diversified Telecommunication Services – 5.6% (3.4% of Total Investments)  
  498    

DTI Holdings, Inc., Term Loan B, First Lien

    6.421%        10/02/23        B        490,348  
  1,808    

Frontier Communications Corporation, Term Loan A, Delayed Draw, First Lien

    3.750%        3/31/21        BB        1,753,885  
  1,995    

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

    5.158%        12/01/23        B2        2,013,089  
  4,044    

Intelsat Jackson Holdings, S.A., Tranche B2, Term Loan

    3.887%        6/30/19        B1        4,002,607  
  2,000    

Ziggo B.V., Term Loan E

    3.494%        4/15/25        BB–        2,003,214  
  10,345    

Total Diversified Telecommunication Services

                               10,263,143  
      Electric Utilities – 2.8% (1.7% of Total Investments)  
  467    

EFS Cogen Holdings LLC, Term Loan B

    4.650%        6/28/23        BB        471,279  
  2,620    

Energy Future Intermediate Holding Company, DIP Term Loan

    4.304%        6/30/17        BB        2,637,291  
  1,625    

Vistra Operations Co., Term Loan B

    3.753%        8/04/23        BB+        1,622,978  
  371    

Vistra Operations Co., Term Loan C

    3.743%        8/04/23        Ba2        371,081  
  5,083    

Total Electric Utilities

                               5,102,629  
      Electronic Equipment, Instruments & Components – 1.1% (0.7% of Total Investments)  
  1,006    

SMART Modular Technologies, Inc., Term Loan

    9.250%        8/26/19        B        980,715  
  1,050    

TTM Technologies, Inc., New Term Loan

    5.250%        5/31/21        BB–        1,069,191  
  2,056    

Total Electronic Equipment, Instruments & Components

                               2,049,906  
      Energy Equipment & Services – 0.5% (0.3% of Total Investments)  
  1,160    

Drill Rigs Holdings, Inc., Tranche B1, Term Loan, (5)

    8.000%        3/31/21        CCC–        878,948  
      Equity Real Estate Investment Trusts – 2.9% (1.8% of Total Investments)  
  2,399    

Communications Sales & Leasing, Inc., Shortfall Term Loan

    4.000%        10/24/22        BB–        2,404,369  
  3,257    

Walter Investment Management Corporation, Tranche B, Term Loan, First Lien, (DD1)

    4.750%        12/18/20        B3        2,943,068  
  5,656    

Total Equity Real Estate Investment Trusts

                               5,347,437  

 

  2     NUVEEN


Principal
Amount (000)
    Description (1)   Coupon (4)      Maturity (2)      Ratings (3)      Value  
      Food & Staples Retailing – 7.2% (4.3% of Total Investments)  
$ 7,801    

Albertson’s LLC, Term Loan B4

    3.993%        8/25/21        BB      $ 7,836,657  
  2,082    

Albertson’s LLC, Term Loan B6

    4.302%        6/22/23        BB        2,093,690  
  209    

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

    4.750%        2/03/24        B–        208,761  
  967    

Del Monte Foods Company, Term Loan, First Lien

    4.307%        2/18/21        CCC+        815,119  
  1,125    

Rite Aid Corporation, Tranche 2, Term Loan, Second Lien

    4.875%        6/21/21        BB–        1,129,922  
  748    

Save-A-Lot, Term Loan B

    7.000%        12/02/23        B        747,345  
  349    

Supervalu, Inc., New Term Loan B

    5.500%        3/21/19        BB–        352,433  
  13,281    

Total Food & Staples Retailing

                               13,183,927  
      Food Products – 2.8% (1.7% of Total Investments)  
  1,718    

Jacobs Douwe Egberts, Term Loan B, DD1

    3.438%        7/02/22        BB        1,727,019  
  474    

Keurig Green Mountain, Inc., Term Loan A, First Lien

    2.500%        3/03/21        BBB–        474,499  
  2,061    

US Foods, Inc., New Term Loan B

    3.743%        6/27/23        BB        2,081,504  
  860    

Wilton Products, Inc., Tranche B, Term Loan

    8.500%        8/30/18        CCC+        844,574  
  5,113    

Total Food Products

                               5,127,596  
      Health Care Equipment & Supplies – 3.5% (2.1% of Total Investments)  
  708    

Acelity, Term Loan B

    4.397%        2/02/24        B1        709,802  
  388    

Ardent Medical Services, Inc., Term Loan B, First Lien

    6.647%        8/04/21        B1        390,643  
  785    

ConvaTec, Inc., Term Loan B

    3.493%        10/25/23        BB        796,347  
  925    

Greatbatch, Inc., Term Loan B

    4.500%        10/27/22        B        931,864  
  2,680    

Onex Carestream Finance LP, Term Loan, First Lien

    5.147%        6/07/19        B+        2,664,289  
  973    

Onex Carestream Finance LP, Term Loan, Second Lien

    9.647%        12/09/19        B–        959,877  
  6,459    

Total Health Care Equipment & Supplies

                               6,452,822  
      Health Care Providers & Services – 5.4% (3.2% of Total Investments)  
  542    

Community Health Systems, Inc., Term Loan G

    3.798%        12/31/19        BB–        541,082  
  1,085    

Community Health Systems, Inc., Term Loan H

    4.048%        1/27/21        BB–        1,079,724  
  1,496    

Envision Healthcare Corporation, Term Loan B, First Lien

    4.150%        12/01/23        BB–        1,512,733  
  1,691    

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

    5.540%        12/21/18        B1        1,696,175  
  500    

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

    9.750%        6/21/19        CCC        493,959  
  979    

IASIS Healthcare LLC, Term Loan B

    5.250%        2/16/21        Ba3        978,733  
  664    

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

    7.500%        12/21/20        CCC+        359,524  
  684    

MultiPlan, Inc., Term Loan B

    4.897%        6/07/23        B+        693,769  
  192    

National Mentor Holdings, Inc., Term Loan B

    4.397%        1/31/21        B+        192,414  
  204    

Quorum Health Corp., Term Loan B

    7.795%        4/29/22        B2        204,231  
  1,699    

Select Medical Corporation, Tranche B, Term Loan

    4.650%        3/06/24        Ba2        1,717,756  
  440    

Vizient, Inc., New Term Loan B

    4.545%        2/13/23        B+        439,926  
  10,176    

Total Health Care Providers & Services

                               9,910,026  
      Health Care Technology – 1.2% (0.7% of Total Investments)  
  678    

Catalent Pharma Solutions, Inc., Term Loan B

    3.750%        5/20/21        BB        686,449  
  1,500    

Emdeon, Inc., Closing Date Term Loan

    3.750%        3/01/24        Ba3        1,506,027  
  2,178    

Total Health Care Technology

                               2,192,476  
      Hotels, Restaurants & Leisure – 5.4% (3.3% of Total Investments)  
  1,326    

Burger King Corporation, Term Loan B3

    3.309%        2/16/24        Ba3        1,328,474  
  500    

Caesars Entertainment Operating Company, Inc., Term Loan B, (WI/DD)

    TBD        TBD        BB        497,292  
  1,746    

CCM Merger, Inc., Term Loan B

    4.243%        8/06/21        BB–        1,757,529  
  1,278    

CityCenter Holdings LLC, Term Loan B

    3.494%        4/07/24        BB–        1,281,980  
  983    

Life Time Fitness, Inc., Term Loan B

    4.000%        6/10/22        BB–        985,959  
  2,320    

Scientific Games Corporation, Initial Term Loan B3

    4.994%        10/01/21        Ba3        2,356,622  
  1,735    

Station Casino LLC, Term Loan B

    3.500%        6/08/23        BB        1,739,318  
  9,888    

Total Hotels, Restaurants & Leisure

                               9,947,174  
      Household Products – 0.5% (0.3% of Total Investments)  
  995    

Revlon Consumer Products Corporation, Term Loan B, First Lien

    4.493%        9/07/23        Ba3        998,665  
      Independent Power & Renewable Electricity Producers – 0.5% (0.3% of Total Investments)  
  890    

Dynegy, Inc., Tranche Term Loan C1

    4.250%        2/07/24        BB        891,082  

 

NUVEEN     3  


JSD    Nuveen Short Duration Credit Opportunities Fund
   Portfolio of Investments (continued)    April 30, 2017 (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (4)      Maturity (2)      Ratings (3)      Value  
      Industrial Conglomerates – 1.1% (0.7% of Total Investments)  
$ 900    

Brand Energy & Infrastructure Services, Inc., Initial Term Loan

    4.917%        11/26/20        B      $ 904,926  
  1,200    

Foresight Energy LLC, Term Loan, First Lien

    6.750%        3/16/22        B        1,166,626  
  2,100    

Total Industrial Conglomerates

                               2,071,552  
      Insurance – 1.3% (0.8% of Total Investments)  
  1,188    

AssuredPartners, Inc., Refinancing Term Loan, First Lien

    5.250%        10/21/22        B+        1,198,034  
  1,096    

Hub International Holdings, Inc., Initial Term Loan, (DD1)

    4.035%        10/02/20        B+        1,104,574  
  2,284    

Total Insurance

                               2,302,608  
      Internet and Direct Marketing Retail – 1.6% (0.9% of Total Investments)  
  2,869    

Travelport LLC, Term C Loan

    4.289%        9/02/21        B+        2,894,331  
      Internet Software & Services – 2.8% (1.7% of Total Investments)  
  990    

Ancestry.com Inc., Term Loan, First Lien

    4.250%        10/19/23        B1        1,000,829  
  998    

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

    4.535%        11/03/23        BB+        1,005,708  
  1,289    

Sabre, Inc., New Term Loan B

    3.743%        2/16/24        Ba2        1,302,492  
  1,109    

SkillSoft Corporation, Term Loan, Second Lien, (DD1)

    9.250%        4/28/22        CCC        832,295  
  750    

TierPoint LLC, Term Loan, First Lien, (WI/DD)

    TBD        TBD        B+        746,250  
  250    

TierPoint LLC, Term Loan, Second Lien, (WI/DD)

    TBD        TBD        CCC+        247,500  
  5,386    

Total Internet Software & Services

                               5,135,074  
      IT Services – 2.6% (1.6% of Total Investments)  
  654    

Conduent, Inc., Term Loan B

    4.986%        12/07/23        N/R        663,838  
  1,088    

EIG Investors Corp., Term Loan, First Lien

    6.532%        11/09/19        B+        1,096,336  
  712    

Gartner, Inc., Term Loan A

    2.993%        3/16/22        BB+        714,651  
  500    

Gartner, Inc., Term Loan B

    2.993%        4/05/24        BB+        503,438  
  1,000    

Tempo Acquisition LLC, Term Loan B, (WI/DD)

    TBD        TBD        B1        1,002,500  
  744    

WEX, Inc., Term Loan B

    4.493%        6/30/23        BB–        753,414  
  4,698    

Total IT Services

                               4,734,177  
      Leisure Products – 1.7% (1.0% of Total Investments)  
  1,037    

24 Hour Fitness Worldwide, Inc., Term Loan B

    4.897%        5/28/21        Ba3        1,033,403  
  1,079    

Academy, Ltd., Term Loan B

    5.142%        7/01/22        B2        757,251  
  1,261    

Equinox Holdings, Inc., Term Loan, First Lien, (WI/DD)

    TBD        TBD        B+        1,272,497  
  3,377    

Total Leisure Products

                               3,063,151  
      Life Sciences Tools & Services – 0.5% (0.3% of Total Investments)  
  973    

Patheon, Inc., New Term Loan, First Lien

    4.406%        4/11/24        B        976,268  
      Machinery – 1.1% (0.7% of Total Investments)  
  636    

Gates Global LLC, Initial Dollar Term Loan B1

    4.408%        4/01/24        B+        640,431  
  896    

Safway Group Holdings LLC, Initial Term Loan, First Lien

    5.750%        8/21/23        B+        905,201  
  586    

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

    5.647%        11/27/20        B3        556,309  
  2,118    

Total Machinery

                               2,101,941  
      Marine – 0.4% (0.2% of Total Investments)  
  713    

American Commercial Lines LLC, Term Loan B, First Lien

    9.750%        11/12/20        B-        650,156  
      Media – 10.4% (6.3% of Total Investments)  
  843    

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

    4.250%        7/23/21        B1        827,456  
  471    

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

    7.500%        7/25/22        CCC+        452,093  
  392    

Affinion Group Holdings, Inc., Initial Term Loan, Second Lien

    8.500%        10/31/18        Caa1        393,517  
  478    

Catalina Marketing Corporation, Term Loan, First Lien

    4.500%        4/09/21        B1        439,300  
  500    

Catalina Marketing Corporation, Term Loan, Second Lien

    7.750%        4/11/22        Caa1        381,250  
  1,633    

Clear Channel Communications, Inc., Term Loan E

    8.493%        7/30/19        Caa1        1,401,942  
  2,562    

Clear Channel Communications, Inc., Tranche D, Term Loan

    7.743%        1/30/19        Caa1        2,200,159  
  2,821    

Cumulus Media, Inc., Term Loan B

    4.250%        12/23/20        Caa1        2,213,256  
  1,164    

Emerald Expositions Holdings, Inc., Term Loan, First Lien

    4.897%        6/17/20        BB–        1,172,921  
  965    

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

    4.750%        10/18/19        B3        856,963  
  446    

Gray Television, Inc., Term Loan B2

    3.483%        2/07/24        BB        450,824  

 

  4     NUVEEN


Principal
Amount (000)
    Description (1)   Coupon (4)      Maturity (2)      Ratings (3)      Value  
      Media (continued)                           
$ 729    

IMG Worldwide, Inc., Term Loan, First Lien

    4.250%        5/06/21        B+      $ 734,054  
  800    

Lions Gate Entertainment Corporation, Term Loan B

    3.982%        12/08/23        Ba2        805,496  
  833    

LSC Communications, Term Loan

    7.000%        9/30/22        Ba3        845,833  
  1,985    

McGraw-Hill Education Holdings LLC, Term Loan B

    5.000%        5/02/22        Ba3        1,965,894  
  169    

Nexstar Broadcasting Group, Term Loan B, First Lien

    3.994%        1/17/24        Ba3        170,072  
  1,740    

Nexstar Broadcasting Group, Term Loan B, First Lien

    3.994%        1/17/24        BB+        1,754,233  
  1,000    

Virgin Media Investment Holdings, Limited Term Loan I

    3.744%        1/31/25        BB–        1,004,875  
  982    

Springer Science & Business Media, Inc., Term Loan B9, First Lien

    4.622%        8/14/20        B        985,668  
  20,513    

Total Media

                               19,055,806  
      Metals & Mining – 1.8% (1.1% of Total Investments)  
  1,349    

Fairmount Minerals, Ltd., Term Loan B1, First Lien

    4.647%        9/05/19        Caa1        1,318,873  
  900    

Fairmount Minerals, Ltd. Term Loan B2, First Lien

    4.647%        9/05/19        B–        886,633  
  297    

Fortescue Metals Group, Ltd., Term Loan B, First Lien

    3.750%        6/30/19        BBB–        299,544  
  835    

Zekelman Industries, Term Loan B

    4.906%        6/14/21        BB–        846,026  
  3,381    

Total Metals & Mining

                               3,351,076  
      Multiline Retail – 1.6% (0.9% of Total Investments)  
  750    

Bass Pro Group LLC, Sale Facility, Term Loan, First Lien

    5.897%        6/08/18        B+        757,500  
  861    

Bass Pro Group LLC, Term Loan B, First Lien

    4.239%        6/05/20        B+        860,117  
  901    

Belk, Inc., Term Loan B, First Lien

    5.905%        12/12/22        B        804,911  
  461    

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

    4.250%        9/30/22        BB        441,820  
  2,973    

Total Multiline Retail

                               2,864,348  
      Oil, Gas & Consumable Fuels – 3.0% (1.8% of Total Investments)  
  325    

California Resources Corporation, Term Loan A, First Lien

    3.781%        9/24/19        B1        316,041  
  393    

Crestwood Holdings LLC, Term Loan B

    9.042%        6/19/19        B–        391,900  
  86    

Energy and Exploration Partners, Term Loan, Second Lien

    5.000%        5/13/22        N/R        47,256  
  786    

Fieldwood Energy LLC, Term Loan, First Lien

    8.000%        8/31/20        B2        772,676  
  508    

Fieldwood Energy LLC, Term Loan, Second Lien

    8.375%        9/30/20        CCC–        403,706  
  1,463    

Fieldwood Energy LLC, Term Loan, Second Lien

    8.375%        9/30/20        B–        1,331,081  
  1,641    

Harvey Gulf International Marine, Inc., Term Loan B

    5.637%        6/18/20        CCC+        1,061,307  
  620    

Peabody Energy Corporation, Term Loan B

    5.500%        3/31/22        Ba3        623,143  
  910    

Seadrill Partners LLC, Initial Term Loan

    4.147%        2/21/21        CCC+        614,048  
  17    

Southcross Holdings Borrower L.P., Term Loan B, First Lien

    3.500%        4/13/23        CCC+        15,379  
  6,749    

Total Oil, Gas & Consumable Fuels

                               5,576,537  
      Pharmaceuticals – 2.9% (1.8% of Total Investments)  
  759    

Concordia Healthcare Corporation, Term Loan B, First Lien

    5.250%        10/21/21        B2        515,893  
  2,000    

Grifols, Inc., Term Loan B

    3.195%        1/31/25        BB        2,008,754  
  2,745    

Pharmaceutical Product Development, Inc., Term Loan B, First Lien

    4.328%        8/18/22        Ba3        2,763,361  
  100    

Valeant Pharmaceuticals International, Inc., Series F3, Tranche B, Term Loan

    5.740%        4/01/22        BB–        100,630  
  5,604    

Total Pharmaceuticals

                               5,388,638  
      Professional Services – 1.1% (0.6% of Total Investments)  
  955    

Ceridian Corporation, Term Loan B2

    4.501%        9/15/20        Ba3        953,476  
  1,000    

Nielsen Finance LLC, Term Loan B4

    2.990%        10/04/23        BBB–        1,005,417  
  1,955    

Total Professional Services

                               1,958,893  
      Real Estate Management & Development – 1.7% (1.0% of Total Investments)  
  1,131    

Capital Automotive LP, Term Loan, First Lien

    4.000%        3/21/24        Ba2        1,142,217  
  1,861    

Capital Automotive LP, Term Loan, Second Lien

    7.000%        3/21/25        B3        1,895,767  
  2,992    

Total Real Estate Management & Development

                               3,037,984  
      Road & Rail – 0.5% (0.3% of Total Investments)  
  988    

Quality Distribution, Term Loan, First Lien

    5.897%        8/18/22        B2        955,406  
      Semiconductors & Semiconductor Equipment – 2.0% (1.2% of Total Investments)  
  708    

Lumileds, Term Loan, First Lien

    5.500%        3/17/24        Ba3        717,187  
  993    

Micron Tech Term Loan B

    3.500%        4/26/22        Baa2        1,000,335  

 

NUVEEN     5  


JSD    Nuveen Short Duration Credit Opportunities Fund
   Portfolio of Investments (continued)    April 30, 2017 (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon (4)      Maturity (2)      Ratings (3)      Value  
      Semiconductors & Semiconductor Equipment (continued)  
$ 737    

Microsemi Corporation, Term Loan B

    3.241%        1/17/23        BB      $ 741,502  
  1,135    

On Semiconductor Corp., New Term Loan B

    3.243%        3/31/23        Ba1        1,142,178  
  3,573    

Total Semiconductors & Semiconductor Equipment

                               3,601,202  
      Software – 12.4% (7.5% of Total Investments)  
  927    

Blackboard, Inc., Term Loan B4

    6.158%        6/30/21        B+        930,804  
  1,962    

BMC Software, Inc., Initial Term Loan B1, (DD1)

    5.000%        9/10/22        B+        1,974,319  
  622    

Computer Sciences Government Services, Term Loan B, First Lien

    3.493%        11/30/23        BB+        625,399  
  1,502    

Compuware Corporation, Term Loan B2, First Lien

    5.250%        12/15/21        B        1,509,632  
  402    

Compuware Corporation, Term Loan, Second Lien

    9.250%        12/15/22        CCC+        404,781  
  726    

Ellucian, Term Loan B, First Lien

    4.397%        9/30/22        B        726,363  
  2,056    

Infor (US), Inc., Term Loan B

    3.897%        2/01/22        B1        2,056,606  
  1,485    

Informatica Corp.,Term Loan B, (DD1)

    4.647%        8/05/22        B        1,482,072  
  998    

Kronos Incorporated, Term Loan B, First Lien

    5.034%        11/01/23        B        1,002,213  
  322    

Micro Focus International PLC, New Term Loan, (WI/DD)

    TBD        TBD        BB–        324,058  
  2,178    

Micro Focus International PLC, Term Loan B, (WI/DD)

    TBD        TBD        BB–        2,188,442  
  1,261    

Micro Focus International PLC, Term Loan B2

    3.672%        11/19/21        BB–        1,267,719  
  1,447    

Misys, New Term Loan, First Lien, (WI/DD)

    TBD        TBD        B        1,439,744  
  868    

Misys, New Term Loan, Second Lien, (WI/DD)

    TBD        TBD        CCC+        859,505  
  748    

RP Crown Parent LLC, Term Loan B, First Lien

    4.500%        10/12/23        B1        754,593  
  571    

SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., 2017 Refinancing New Term Loan B1

    3.243%        7/08/22        BB+        575,778  
  47    

SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., 2017 Refinancing New Term Loan B2

    3.243%        7/08/22        BB+        47,816  
  2,858    

Tibco Software, Inc., Term Loan B

    5.500%        12/04/20        B1        2,892,871  
  46    

Uber Technologies, Inc., Term Loan B, First Lien

    5.000%        7/13/23        N/R        45,965  
  746    

Vertafore, Inc., Term Loan, First Lien

    4.250%        6/30/23        B        750,048  
  968    

Vertiv Co., New Term Loan B

    5.030%        11/30/23        Ba3        975,233  
  22,740    

Total Software

                               22,833,961  
      Specialty Retail – 1.0% (0.6% of Total Investments)  
  745    

Gardner Denver, Inc., Term Loan, (DD1)

    4.559%        7/30/20        B        745,687  
  981    

Petco Animal Supplies, Inc., Term Loan B1

    4.172%        1/26/23        B1        893,667  
  276    

Petsmart Inc., Term Loan B, First Lien, (DD1)

    4.020%        3/11/22        BB–        254,880  
  2,002    

Total Specialty Retail

                               1,894,234  
      Technology Hardware, Storage & Peripherals – 7.1% (4.3% of Total Investments)  
  4,070    

Dell International LLC, New Term Loan B

    3.500%        9/07/23        BBB–        4,091,762  
  1,950    

Dell International LLC, Term Loan A2, First Lien

    3.250%        9/07/21        BBB–        1,954,875  
  500    

Dell International LLC, Term Loan A3, First Lien

    3.000%        12/31/18        BBB–        501,302  
  974    

Dell Software Group, Term Loan B

    7.000%        10/31/22        B1        989,934  
  5,470    

Western Digital, Inc., New Term Loan B, (DD1)

    3.743%        4/29/23        BBB–        5,520,648  
  12,964    

Total Technology Hardware, Storage & Peripherals

                               13,058,521  
      Textiles, Apparel & Luxury Goods – 0.3% (0.2% of Total Investments)  
  1,171    

Gymboree Corporation, Term Loan

    5.000%        2/23/18        Caa3        542,443  
      Trading Companies & Distributors – 2.3% (1.4% of Total Investments)  
  2,364    

Avolon, Term Loan B2

    3.743%        3/21/22        BBB–        2,402,422  
  1,167    

HD Supply, Inc., Term Loan B

    3.897%        8/13/21        BB        1,176,142  
  605    

Neff Rental/Neff Finance Closing Date Loan, Second Lien

    7.543%        6/09/21        B–        606,496  
  4,136    

Total Trading Companies & Distributors

                               4,185,060  
      Transportation Infrastructure – 0.6% (0.4% of Total Investments)  
  66    

Ceva Group PLC, Canadian Term Loan

    6.672%        3/19/21        B–        57,695  
  380    

Ceva Group PLC, Dutch B.V., Term Loan

    6.672%        3/19/21        B–        334,632  
  371    

Ceva Group PLC, Synthetic Letter of Credit Term Loan

    6.500%        3/19/21        B–        327,130  
  524    

Ceva Group PLC, US Term Loan

    6.672%        3/19/21        B–        461,562  
  1,341    

Total Transportation Infrastructure

                               1,181,019  

 

  6     NUVEEN


Principal
Amount (000)
    Description (1)   Coupon (4)      Maturity (2)      Ratings (3)      Value  
      Wireless Telecommunication Services – 2.3% (1.4% of Total Investments)  
$ 91    

Fairpoint Communications, Inc., Term Loan B

    7.500%        2/14/19        B      $ 91,274  
  3,000    

Sprint Corporation, Term Loan, First Lien

    3.500%        2/02/24        Ba2        3,005,937  
  782    

Syniverse Holdings, Inc., Initial Term Loan B, First Lien

    4.172%        4/23/19        B        719,928  
  434    

Syniverse Technologies, Inc., Tranche B, Term Loan

    4.147%        4/23/19        B        399,941  
  4,307    

Total Wireless Telecommunication Services

                               4,217,080  
$ 247,107    

Total Variable Rate Senior Loan Interests (cost $242,123,143)

                               241,425,063  
Shares     Description (1)                           Value  
 

COMMON STOCKS – 1.0% (0.6% of Total Investments)

 

      Diversified Consumer Services – 0.2% (0.1% of Total Investments)  
  39,749    

Cengage Learning Holdings II LP, (6)

                             $ 377,616  
      Energy Equipment & Services – 0.8% (0.5% of Total Investments)  
  39,988    

C&J Energy Services Inc., (6)

             1,168,049  
  1,318    

Vantage Drill International, (6), (7)

                               224,060  
 

Total Energy Equipment & Services

                               1,392,109  
      Health Care Providers & Services – 0.0% (0.0% of Total Investments)  
  13,189    

Millennium Health LLC, (6)

                               14,508  
      Oil, Gas & Consumable Fuels – 0.0% (0.0% of Total Investments)  
  41    

Energy and Exploration Partners, Inc., (6), (7)

             14,350  
  18    

Southcross Holdings Borrower LP, (6)

                               8,550  
 

Total Oil, Gas & Consumable Fuels

                               22,900  
 

Total Common Stocks (cost $4,304,224)

                               1,807,133  
Principal
Amount (000)
    Description (1)   Coupon      Maturity      Ratings (3)      Value  
 

CORPORATE BONDS – 19.0% (11.4% of Total Investments)

 

      Commercial Services & Supplies – 1.1% (0.7% of Total Investments)  
$ 2,050    

NES Rental Holdings Inc., 144A

    7.875%        5/01/18        B–      $ 2,052,562  
      Communications Equipment – 0.2% (0.1% of Total Investments)  
  85    

Avaya Inc., 144A

    7.000%        4/01/19        N/R        71,187  
  2,085    

Avaya Inc., 144A

    10.500%        3/01/21        N/R        281,475  
  2,170    

Total Communications Equipment

                               352,662  
      Diversified Telecommunication Services – 3.4% (2.1% of Total Investments)  
  1,094    

Inelsat Connect Finance SA, 144A

    12.500%        4/01/22        CC        962,720  
  1,965    

IntelSat Jackson Holdings

    5.500%        8/01/23        Caa2        1,677,619  
  215    

IntelSat Limited

    6.750%        6/01/18        CC        195,650  
  1,930    

IntelSat Limited

    7.750%        6/01/21        Ca        1,116,988  
  2,100    

IntelSat Limited

    8.125%        6/01/23        Ca        1,197,000  
  1,000    

Neptune Finco Corporation, 144A

    10.125%        1/15/23        B+        1,160,000  
  8,304    

Total Diversified Telecommunication Services

                               6,309,977  
      Equity Real Estate Investment Trusts – 0.1% (0.1% of Total Investments)  
  300    

Walter Investment Management Corporation

    7.875%        12/15/21        Caa2        181,500  
      Health Care Providers & Services – 1.3% (0.8% of Total Investments)  
  1,000    

HCA Inc.

    6.500%        2/15/20        BBB–        1,097,560  
  1,350    

IASIS Healthcare Capital Corporation

    8.375%        5/15/19        CCC+        1,316,250  
  2,350    

Total Health Care Providers & Services

                               2,413,810  

 

NUVEEN     7  


JSD    Nuveen Short Duration Credit Opportunities Fund
   Portfolio of Investments (continued)    April 30, 2017 (Unaudited)

 

Principal
Amount (000)
    Description (1)   Coupon      Maturity      Ratings (3)      Value  
      Hotels, Restaurants & Leisure – 2.0% (1.2% of Total Investments)  
$ 1,250    

Scientific Games Corporation, 144A

    7.000%        1/01/22        Ba3      $ 1,338,275  
  2,150    

Scientific Games International Inc.

    10.000%        12/01/22        B–        2,328,988  
  3,400    

Total Hotels, Restaurants & Leisure

                               3,667,263  
      Media – 4.1% (2.4% of Total Investments)  
  100    

Charter Communications Operating LLC/ Charter Communications Operating Capital Corporation

    3.579%        7/23/20        BBB–        103,395  
  1,400    

Dish DBS Corporation

    5.125%        5/01/20        Ba3        1,463,000  
  1,000    

Dish DBS Corporation

    5.875%        11/15/24        Ba3        1,048,750  
  3,585    

iHeartCommunications, Inc.

    9.000%        12/15/19        Caa1        2,957,625  
  3,997    

iHeartCommunications, Inc., PIK

    14.000%        2/01/21        Ca        1,159,014  
  1,000    

iHeartCommunications, Inc.

    9.000%        3/01/21        Caa1        760,000  
  11,082    

Total Media

                               7,491,784  
      Oil, Gas & Consumable Fuels – 1.7% (1.0% of Total Investments)  
  895    

California Resources Corporation, 144A

    8.000%        12/15/22        CCC+        689,150  
  400    

Denbury Resources Inc.

    6.375%        8/15/21        CCC+        317,000  
  700    

Denbury Resources Inc.

    5.500%        5/01/22        CCC+        521,500  
  400    

Everest Acquisition LLC Finance

    9.375%        5/01/20        CCC+        379,000  
  1,200    

FTS International Inc., 144A

    8.463%        6/15/20        B        1,212,000  
  3,595    

Total Oil, Gas & Consumable Fuels

                               3,118,650  
      Semiconductors & Semiconductor Equipment – 0.1% (0.0% of Total Investments)  
  106    

Advanced Micro Devices, Inc.

    7.500%        8/15/22        B–        117,660  
      Software – 1.5% (0.9% of Total Investments)  
  1,580    

BMC Software Finance Inc., 144A

    8.125%        7/15/21        CCC+        1,606,670  
  450    

Boxer Parent Company Inc./BMC Software, 144A, PIK

    9.000%        10/15/19        CCC+        449,721  
  725    

Infor Us Inc., 144A

    5.750%        8/15/20        BB        756,719  
  2,755    

Total Software

                               2,813,110  
      Technology Hardware, Storage & Peripherals – 0.9% (0.5% of Total Investments)  
  1,475    

Western Digital Corporation, 144A

    7.375%        4/01/23        BBB–        1,615,125  
      Wireless Telecommunication Services – 2.6% (1.6% of Total Investments)  
  850    

Sprint Communications Inc.

    7.000%        8/15/20        B+        921,188  
  2,750    

Sprint Corporation

    7.875%        9/15/23        B+        3,086,875  
  250    

Sprint Corporation

    7.125%        6/15/24        B+        271,875  
  400    

Syniverse Foreign Holdings Corporation, 144A

    9.125%        1/15/22        B        397,000  
  75    

T-Mobile USA Inc.

    6.836%        4/28/23        BB        80,437  
  4,325    

Total Wireless Telecommunication Services

                               4,757,375  
$ 41,912    

Total Corporate Bonds (cost $36,932,845)

                               34,891,478  
 

Total Long-Term Investments (cost $283,360,212)

                               278,123,674  
Principal
Amount (000)
    Description (1)   Coupon      Maturity              Value  
 

SHORT-TERM INVESTMENTS – 14.6% (8.8% of Total Investments)

 

      REPURCHASE AGREEMENTS – 14.6% (8.8% of Total Investments)  
$ 26,696    

Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/28/17, repurchase price $26,695,904, collateralized by $27,025,000 U.S. Treasury Notes,
1.875%, due 1/31/22, value $27,231,066

    0.090%        5/01/17               $ 26,695,704  
 

Total Short-Term Investments (cost $26,695,704)

                               26,695,704  
 

Total Investments (cost $310,055,916) – 166.1%

                               304,819,378  
 

Borrowings – (39.2)% (8), (9)

                               (72,000,000
 

Term Preferred Shares, at Liquidation Preference – (19.1)% (10)

                               (35,000,000
 

Other Assets Less Liabilities – (7.8)% (11)

                               (14,271,166
 

Net Assets Applicable to Common Shares – 100%

                             $ 183,548,212  

 

  8     NUVEEN


Investments in Derivatives as of April 30, 2017

Interest Rate Swaps

 

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

Morgan Stanley Capital Services, LLC

  $ 17,500,000       Receive        1-Month USD-LIBOR-ICE        1.659     Monthly        9/15/18     $ (72,077

Morgan Stanley Capital Services, LLC

    35,000,000       Pay        1-Month USD-LIBOR-ICE        1.500  (12)      Monthly        11/01/20  (13)      (110,737
    $ 52,500,000                                                $ (182,814

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, prepayment speeds, credit risk, etc.).
Level 3 –   Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

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

 

      Level 1      Level 2      Level 3      Total  

Long-Term Investments:

           

Variable Rate Senior Loan Interests

   $      $ 241,425,063      $      $ 241,425,063  

Common Stocks

     1,568,723        238,410               1,807,133  

Corporate Bonds

            34,891,478               34,891,478  

Short-Term Investments:

           

Repurchase Agreements

            26,695,704               26,695,704  

Investments in Derivatives:

           

Interest Rate Swaps*

            (182,814             (182,814

Total

   $ 1,568,723      $ 303,067,841      $      $ 304,636,564  
* Represents net unrealized appreciation (depreciation).

Income Tax Information

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

As of April 30, 2017, the cost of investments (excluding investments in derivatives) was $310,674,889.

 

NUVEEN     9  


JSD    Nuveen Short Duration Credit Opportunities Fund
   Portfolio of Investments (continued)    April 30, 2017 (Unaudited)

 

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of April 30, 2017, were as follows:

 

Gross unrealized:

          

Appreciation

     $ 6,817,252  

Depreciation

       (12,672,763

Net unrealized appreciation (depreciation) of investments

     $ (5,855,511

 

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 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.

 

(3) 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.

 

(4) Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. 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) As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.

 

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

 

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

 

(8) Borrowings as a percentage of Total Investments is 23.6%.

 

(9) 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.

 

(10) Term Preferred Shares, at Liquidation Preference as a percentage of Total Investments is 11.5%.

 

(11) 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.

 

(12) Effective November 1, 2017, the fixed rate paid by the Fund will increase according to a predetermined scheduled 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.

 

(13) 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.

 

(DD1) Portion of investment purchased on a delayed delivery basis.

 

(WI/DD) Purchased on a when-issued or delayed delivery basis.

 

PIK All or a portion of this security is payment-in-kind.

 

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.

 

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.

 

USD-LIBOR-ICE United States Dollar – London Inter-Bank Offered Rate – Intercontinental Exchange.

 

  10     NUVEEN


Item 2. Controls and Procedures.

 

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

 

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

Item 3. Exhibits.

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

 

 


SIGNATURES

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

 

(Registrant)    Nuveen Short Duration Credit Opportunities Fund   
By (Signature and Title)    /s/ Gifford R. Zimmerman                                                       
   Gifford R. Zimmerman   
   Vice President and Secretary   

Date: June 29, 2017

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

 

By (Signature and Title)    /s/ Cedric H. Antosiewicz                                                        
   Cedric H. Antosiewicz   
   Chief Administrative Officer (principal executive officer)   
Date: June 29, 2017      
By (Signature and Title)    /s/ Stephen D. Foy                                                                    
   Stephen D. Foy   
   Vice President and Controller (principal financial officer)   
Date: June 29, 2017