NPORT-EX 2 JHAA.htm
JHAA
Nuveen Corporate Income 2023 Target Term Fund
Portfolio of Investments    March 31, 2022
(Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    LONG-TERM INVESTMENTS – 122.3% (95.3% of Total Investments)            
    CORPORATE BONDS – 93.0% (72.4% of Total Investments)            
    Airlines – 1.3%            
$1,000   United Airlines Holdings Inc     5.000% 2/01/24 Ba3 $992,120
    Automobiles – 6.1%            
2,000   Ford Motor Credit Co LLC     3.370% 11/17/23 BB+ 1,997,020
2,550   Ford Motor Credit Co LLC     5.584% 3/18/24 BB+ 2,622,751
4,550   Total Automobiles           4,619,771
    Chemicals – 3.1%            
2,025   NOVA Chemicals Corp, 144A     4.875% 6/01/24 BB- 2,047,771
300   Sasol Financing International Ltd     4.500% 11/14/22 BB 300,000
2,325   Total Chemicals           2,347,771
    Commercial Services & Supplies – 5.7%            
1,475   ADT Security Corp/The     4.125% 6/15/23 BB- 1,491,063
2,750   Prime Security Services Borrower LLC / Prime Finance Inc, 144A     5.250% 4/15/24 BB- 2,815,560
4,225   Total Commercial Services & Supplies           4,306,623
    Consumer Finance – 4.9%            
500   Navient Corp     5.500% 1/25/23 Ba3 506,250
780   Navient Corp     7.250% 9/25/23 Ba3 810,225
500   Navient Corp     6.125% 3/25/24 Ba3 508,750
1,300   OneMain Finance Corp     8.250% 10/01/23 BB 1,369,758
500   OneMain Finance Corp     6.125% 3/15/24 BB 512,500
3,580   Total Consumer Finance           3,707,483
    Containers & Packaging – 4.4%            
1,500   Ball Corp     4.000% 11/15/23 BB+ 1,515,000
500   Graphic Packaging International LLC, 144A     0.821% 4/15/24 BBB- 475,156
1,350   Sealed Air Corp, 144A     5.250% 4/01/23 BB+ 1,366,875
3,350   Total Containers & Packaging           3,357,031
    Diversified Financial Services – 0.9%            
300   Park Aerospace Holdings Ltd, 144A     4.500% 3/15/23 BBB- 302,133
350   Park Aerospace Holdings Ltd, 144A     5.500% 2/15/24 BBB- 358,220
650   Total Diversified Financial Services           660,353
    Diversified Telecommunication Services – 2.1%            
1,500   Lumen Technologies Inc     6.750% 12/01/23 BB 1,557,540
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JHAA Nuveen Corporate Income 2023 Target Term Fund (continued)
  Portfolio of Investments March 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    Electric Utilities – 3.4%            
$1,500   Pacific Gas and Electric Co     1.750% 6/16/22 BBB- $1,498,297
1,100   TerraForm Power Operating LLC, 144A     4.250% 1/31/23 BB- 1,097,250
2,600   Total Electric Utilities           2,595,547
    Equity Real Estate Investment Trust – 2.0%            
750   GLP Capital LP / GLP Financing II Inc     5.375% 11/01/23 BBB- 768,754
750   Starwood Property Trust Inc, 144A     5.500% 11/01/23 BB+ 762,787
1,500   Total Equity Real Estate Investment Trust           1,531,541
    Food & Staples Retailing – 3.0%            
2,250   Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 144A     3.500% 2/15/23 BB 2,250,000
    Gas Utilities – 1.2%            
900   AmeriGas Partners LP / AmeriGas Finance Corp     5.625% 5/20/24 BB 918,000
    Health Care Providers & Services – 3.9%            
2,000   HCA Inc     5.875% 5/01/23 Baa3 2,067,500
850   Tenet Healthcare Corp     6.750% 6/15/23 B+ 885,258
2,850   Total Health Care Providers & Services           2,952,758
    Hotels, Restaurants & Leisure – 4.7%            
2,500   MGM Resorts International     6.000% 3/15/23 B+ 2,556,750
1,000   Yum! Brands Inc     3.875% 11/01/23 BB 1,007,500
3,500   Total Hotels, Restaurants & Leisure           3,564,250
    Household Durables – 5.8%            
1,250   KB Home     7.625% 5/15/23 BB 1,285,937
1,000   Newell Brands Inc     4.100% 4/01/23 BBB- 1,009,778
2,035   Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc, 144A     5.625% 3/01/24 BB 2,094,015
4,285   Total Household Durables           4,389,730
    Media – 6.4%            
340   AMC Networks Inc     5.000% 4/01/24 BB 339,150
1,375   CCO Holdings LLC / CCO Holdings Capital Corp, 144A     4.000% 3/01/23 BB+ 1,374,415
2,350   CSC Holdings LLC     5.250% 6/01/24 B+ 2,352,973
750   DISH DBS Corp     5.000% 3/15/23 B 752,655
4,815   Total Media           4,819,193
    Metals & Mining – 7.0%            
1,100   Commercial Metals Co     4.875% 5/15/23 BB+ 1,116,500
1,250   First Quantum Minerals Ltd, 144A     6.500% 3/01/24 B+ 1,257,813
2,375   FMG Resources August 2006 Pty Ltd, 144A     5.125% 5/15/24 BB+ 2,420,481
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Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    Metals & Mining (continued)            
$500   Freeport-McMoRan Inc     3.875% 3/15/23 Baa3 $505,500
5,225   Total Metals & Mining           5,300,294
    Oil, Gas & Consumable Fuels – 15.8%            
550   Buckeye Partners LP     4.150% 7/01/23 BB 551,914
225   Continental Resources Inc/OK     4.500% 4/15/23 BBB 227,700
1,000   Continental Resources Inc/OK     3.800% 6/01/24 BBB 1,003,660
794   Energean Israel Finance Ltd, Reg S     4.500% 3/30/24 BB- 785,650
250   Energy Transfer LP     5.875% 1/15/24 BBB- 260,453
500   EnLink Midstream Partners LP     4.400% 4/01/24 BB+ 506,528
750   EQM Midstream Partners LP     4.750% 7/15/23 BB 755,625
1,500   Leviathan Bond Ltd, 144A     5.750% 6/30/23 BB 1,518,237
1,000   NAK Naftogaz Ukraine via Kondor Finance PLC, Reg S     7.375% 7/19/22 CCC 338,000
2,250   Occidental Petroleum Corp     2.700% 2/15/23 BB+ 2,252,925
1,000   Petroleos Mexicanos     4.875% 1/18/24 BBB 1,011,160
1,000   Range Resources Corp     5.000% 3/15/23 B1 1,007,000
1,750   Western Midstream Operating LP, (3-Month LIBOR reference rate + 1.850% spread), (3)     1.844% 1/13/23 BBB- 1,732,500
12,569   Total Oil, Gas & Consumable Fuels           11,951,352
    Pharmaceuticals – 1.8%            
1,300   Teva Pharmaceutical Finance Netherlands III BV     6.000% 4/15/24 Ba2 1,332,500
    Real Estate Management & Development – 1.1%            
850   Realogy Group LLC / Realogy Co-Issuer Corp, 144A     4.875% 6/01/23 B+ 855,313
    Textiles, Apparel & Luxury Goods – 3.8%            
2,825   Hanesbrands Inc, 144A     4.625% 5/15/24 BB 2,867,375
    Trading Companies & Distributors – 1.1%            
400   AerCap Ireland Capital DAC / AerCap Global Aviation Trust     4.500% 9/15/23 BBB 403,007
400   Aircastle Ltd     4.400% 9/25/23 BBB 401,568
800   Total Trading Companies & Distributors           804,575
    Wireless Telecommunication Services – 3.5%            
2,525   Sprint Corp     7.875% 9/15/23 BB+ 2,682,813
$69,974   Total Corporate Bonds (cost $71,009,709)           70,363,933
    
Principal Amount (000)   Description (1) Coupon (4) Reference
Rate (4)
Spread (4) Maturity (5) Ratings (2) Value
    VARIABLE RATE SENIOR LOAN INTERESTS – 24.5% (19.1% of Total Investments) (4)            
    Beverages – 0.7%            
$620   Arctic Glacier U.S.A., Inc., Term Loan B 4.506% 3-Month LIBOR 3.500% 3/20/24 CCC+ $576,380
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JHAA Nuveen Corporate Income 2023 Target Term Fund (continued)
  Portfolio of Investments March 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1) Coupon (4) Reference
Rate (4)
Spread (4) Maturity (5) Ratings (2) Value
    Chemicals – 4.9%            
$1,236   Axalta Coating Systems US Holdings Inc., Term Loan B3 2.756% 3-Month LIBOR 1.750% 6/01/24 BBB- $1,227,362
987   Ineos US Finance LLC, Term Loan B 2.457% 1-Month LIBOR 2.000% 3/31/24 BBB- 971,446
1,500   Minerals Technologies Inc., Term Loan B 3.000% 1-Month LIBOR 2.250% 2/14/24 BB+ 1,498,125
3,723   Total Chemicals           3,696,933
    Entertainment – 1.7%            
454   Lions Gate Capital Holdings LLC, Term Loan A 1.959% 1-Month LIBOR 1.750% 3/22/23 Ba2 451,781
842   Univision Communications Inc., Term Loan B, First Lien 4.000% 1-Month LIBOR 3.250% 3/24/26 B+ 838,721
1,296   Total Entertainment           1,290,502
    Health Care Providers & Services – 1.4%            
1,097   Change Healthcare Holdings LLC, Term Loan B 3.500% 1-Month LIBOR 2.500% 3/01/24 B+ 1,092,198
    Health Care Technology – 3.9%            
2,952   IQVIA Inc., Term Loan B1 2.207% 1-Month LIBOR 1.750% 3/07/24 BBB- 2,935,942
    Hotels, Restaurants & Leisure – 1.2%            
94   CDS U.S. Intermediate Holdings, Inc., Term Loan, First Lien 7.000% 3-Month LIBOR 6.000% 11/24/25 B 94,457
90   CDS U.S. Intermediate Holdings, Inc., Term Loan, Second Lien 2.006% 3-Month LIBOR 1.000% 11/24/27 CCC 89,509
250   Cedar Fair, L.P., Term Loan B 2.207% 1-Month LIBOR 1.750% 4/13/24 Ba2 247,890
484   Travel Leaders Group, LLC, Term Loan B 4.457% 1-Month LIBOR 4.000% 1/25/24 CCC 458,126
918   Total Hotels, Restaurants & Leisure           889,982
    Insurance – 1.8%            
216   Asurion LLC, Term Loan B6 3.582% 1-Month LIBOR 3.125% 11/03/23 Ba3 215,024
1,125   USI, Inc., Term Loan 4.006% 3-Month LIBOR 3.000% 5/16/24 B 1,118,784
1,341   Total Insurance           1,333,808
    IT Services – 0.1%            
70   Tempo Acquisition LLC, Term Loan 3.207% 1-Month LIBOR 2.750% 5/01/24 BB- 70,107
    Media – 3.5%            
1,000   Gray Television, Inc., Term Loan B 2.731% 1-Month LIBOR 2.500% 2/07/24 BB+ 994,755
1,646   Nexstar Broadcasting, Inc., Term Loan B3 2.707% 1-Month LIBOR 2.250% 1/17/24 BBB- 1,640,816
2,646   Total Media           2,635,571
    Professional Services – 3.9%            
2,954   Nielsen Finance LLC, Term Loan B4 2.306% 1-Month LIBOR 2.000% 10/04/23 BBB- 2,955,427
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Principal Amount (000)   Description (1) Coupon (4) Reference
Rate (4)
Spread (4) Maturity (5) Ratings (2) Value
    Semiconductors & Semiconductor Equipment – 0.1%            
$107   MACOM Technology Solutions Holdings, Inc., Term Loan 2.707% 1-Month LIBOR 2.250% 5/19/24 BB $106,034
    Technology Hardware, Storage & Peripherals – 1.3%            
986   Diebold, Incorporated, Term Loan B 3.065% 3-Month LIBOR 2.750% 11/06/23 B2 968,770
$18,710   Total Variable Rate Senior Loan Interests (cost $18,591,903)         18,551,654
    
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    CONVERTIBLE BONDS – 4.8% (3.8% of Total Investments)            
    Media – 1.6%            
$1,275   DISH Network Corp, 144A     2.375% 3/15/24 B2 $1,192,125
    Mortgage Real Estate Investment Trust – 2.3%            
1,250   Blackstone Mortgage Trust Inc     4.750% 3/15/23 N/R 1,263,750
500   Starwood Property Trust Inc     4.375% 4/01/23 BB+ 510,625
1,750   Total Mortgage Real Estate Investment Trust           1,774,375
    Technology Hardware, Storage & Peripherals – 0.9%            
700   Western Digital Corp     1.500% 2/01/24 Baa3 675,500
$3,725   Total Convertible Bonds (cost $3,644,518)           3,642,000
    Total Long-Term Investments (cost $93,246,130)           92,557,587
    
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 6.0% (4.7% of Total Investments)            
    REPURCHASE AGREEMENTS – 6.0% (4.7% of Total Investments)            
$4,572   Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/22, repurchase price $4,571,901, collateralized by $4,318,700, U.S. Treasury Inflation Index Notes, 0.125%, due 1/15/32, value $4,663,349     0.000% 4/01/22   $4,571,901
    Total Short-Term Investments (cost $4,571,901)           4,571,901
    Total Investments (cost $97,818,031) – 128.3%           97,129,488
    Borrowings – (32.4)% (6), (7)           (24,525,000)
    Other Assets Less Liabilities – 4.1%           3,092,804
    Net Assets Applicable to Common Shares – 100%           $75,697,292
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JHAA Nuveen Corporate Income 2023 Target Term Fund (continued)
  Portfolio of Investments March 31, 2022
  (Unaudited)
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:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Corporate Bonds $ — $70,363,933 $ — $70,363,933
Variable Rate Senior Loan Interests  — 18,551,654  — 18,551,654
Convertible Bonds  — 3,642,000  — 3,642,000
Short-Term Investments:        
Repurchase Agreements  — 4,571,901  — 4,571,901
Total $ — $97,129,488 $ — $97,129,488
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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) 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) Variable rate security. The rate shown is the coupon as of the end of the reporting period.  
(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 25.2%.  
(7) The Fund may pledge up to 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.  
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.  
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