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 811-21407
Nuveen Diversified Dividend and Income 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. ZimmermanVice President and Secretary
333 West Wacker Drive, Chicago, Illinois 60606
(Name and address of agent for service)
Registrants telephone number, including area code: 312-917-7700
Date of fiscal year end: December 31
Date of reporting period: September 30, 2018
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
JDD | Nuveen Diversified Dividend and
Portfolio of Investments September 30, 2018 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
LONG-TERM INVESTMENTS 140.2% (96.2% of Total Investments) |
||||||||||||||||||||||||||||||
COMMON STOCKS 37.8% (25.9% of Total Investments) |
||||||||||||||||||||||||||||||
Air Freight & Logistics 0.7% | ||||||||||||||||||||||||||||||
43,250 | Deutsche Post AG, (2) |
$ | 1,537,726 | |||||||||||||||||||||||||||
Airlines 1.1% | ||||||||||||||||||||||||||||||
45,002 | Delta Air Lines Inc. |
2,602,466 | ||||||||||||||||||||||||||||
Automobiles 0.6% | ||||||||||||||||||||||||||||||
21,309 | Daimler AG, (2) |
1,342,941 | ||||||||||||||||||||||||||||
Banks 6.8% | ||||||||||||||||||||||||||||||
507,155 | AIB Group PLC, (2) |
2,592,111 | ||||||||||||||||||||||||||||
166,930 | Bank of Ireland Group PLC |
1,292,740 | ||||||||||||||||||||||||||||
39,428 | CIT Group Inc. |
2,034,879 | ||||||||||||||||||||||||||||
42,284 | Citigroup Inc. |
3,033,454 | ||||||||||||||||||||||||||||
209,547 | ING Groep NV, Sponsored ADR |
2,717,825 | ||||||||||||||||||||||||||||
12,590 | JPMorgan Chase & Co |
1,420,656 | ||||||||||||||||||||||||||||
26,518 | The Bank of NT Butterfield & Son Ltd |
1,375,223 | ||||||||||||||||||||||||||||
848,300 | Unicaja Banco SA, 144A, (2), (3) |
1,382,095 | ||||||||||||||||||||||||||||
Total Banks |
15,848,983 | |||||||||||||||||||||||||||||
Biotechnology 0.7% | ||||||||||||||||||||||||||||||
20,919 | Gilead Sciences Inc. |
1,615,156 | ||||||||||||||||||||||||||||
Capital Markets 2.4% | ||||||||||||||||||||||||||||||
26,500 | Aurelius Equity Opportunities SE & Co KGaA, (2) |
1,398,748 | ||||||||||||||||||||||||||||
233,100 | Daiwa Securities Group Inc., (2) |
1,417,656 | ||||||||||||||||||||||||||||
104,566 | Deutsche Boerse AG, ADR (2) |
1,394,388 | ||||||||||||||||||||||||||||
86,690 | UBS Group AG, (2) |
1,368,716 | ||||||||||||||||||||||||||||
Total Capital Markets |
5,579,508 | |||||||||||||||||||||||||||||
Chemicals 1.3% | ||||||||||||||||||||||||||||||
47,615 | DowDuPont Inc. |
3,062,121 | ||||||||||||||||||||||||||||
Diversified Financial Services 0.5% | ||||||||||||||||||||||||||||||
145,881 | Challenger Ltd/Australia, (2) |
1,180,379 | ||||||||||||||||||||||||||||
Diversified Telecommunication Services 1.4% | ||||||||||||||||||||||||||||||
46,750 | Nippon Telegraph & Telephone Corp, Sponsored ADR, (2) |
2,105,854 | ||||||||||||||||||||||||||||
113,555 | Telefonica Brasil SA |
1,102,216 | ||||||||||||||||||||||||||||
Total Diversified Telecommunication Services |
3,208,070 | |||||||||||||||||||||||||||||
Electric Utilities 1.0% | ||||||||||||||||||||||||||||||
60,370 | FirstEnergy Corp |
2,243,953 | ||||||||||||||||||||||||||||
Electrical Equipment 0.6% | ||||||||||||||||||||||||||||||
16,040 | Eaton Corp PLC |
1,391,149 | ||||||||||||||||||||||||||||
Energy Equipment & Services 0.0% | ||||||||||||||||||||||||||||||
2,379 | Ocean Rig UDW Inc., Class A, (3) |
82,361 | ||||||||||||||||||||||||||||
Entertainment 0.6% | ||||||||||||||||||||||||||||||
42,754 | Viacom Inc., Class B |
1,443,375 |
1
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Food Products 0.6% | ||||||||||||||||||||||||||||||
174,737 | Orkla ASA, Sponsored ADR |
$ | 1,472,159 | |||||||||||||||||||||||||||
Gas Utilities 0.6% | ||||||||||||||||||||||||||||||
267,800 | Italgas SpA, (2) |
1,452,747 | ||||||||||||||||||||||||||||
Health Care Providers & Services 0.0% | ||||||||||||||||||||||||||||||
6,594 | Millennium Health LLC, (2), (3) |
349 | ||||||||||||||||||||||||||||
6,140 | Millennium Health LLC, (3), (4) |
12,115 | ||||||||||||||||||||||||||||
5,767 | Millennium Health LLC, (3), (4) |
10,802 | ||||||||||||||||||||||||||||
Total Health Care Providers & Services |
23,266 | |||||||||||||||||||||||||||||
Hotels, Restaurants & Leisure 0.4% | ||||||||||||||||||||||||||||||
10,950 | Hyatt Hotels Corp, Class A |
871,511 | ||||||||||||||||||||||||||||
Household Durables 0.7% | ||||||||||||||||||||||||||||||
107,124 | Sekisui House Ltd, (2) |
1,633,560 | ||||||||||||||||||||||||||||
Industrial Conglomerates 0.8% | ||||||||||||||||||||||||||||||
15,429 | Siemens AG, (2) |
1,972,807 | ||||||||||||||||||||||||||||
Insurance 3.5% | ||||||||||||||||||||||||||||||
39,156 | Ageas, (2) |
2,104,975 | ||||||||||||||||||||||||||||
7,330 | Allianz SE, (2) |
1,631,415 | ||||||||||||||||||||||||||||
24,240 | CNA Financial Corp |
1,106,556 | ||||||||||||||||||||||||||||
38,700 | NN Group NV, (2) |
1,727,276 | ||||||||||||||||||||||||||||
11,730 | RenaissanceRe Holdings Ltd |
1,566,893 | ||||||||||||||||||||||||||||
Total Insurance |
8,137,115 | |||||||||||||||||||||||||||||
Media 0.2% | ||||||||||||||||||||||||||||||
10,332 | Cumulus Media Inc., Class A, (3) |
176,471 | ||||||||||||||||||||||||||||
655,185 | Hibu plc, (2), (3) |
205,073 | ||||||||||||||||||||||||||||
2,099 | Metro-Goldwyn-Mayer Inc., (2), (3) |
182,351 | ||||||||||||||||||||||||||||
3,185 | Tribune Co, (2) |
1,592 | ||||||||||||||||||||||||||||
Total Media |
565,487 | |||||||||||||||||||||||||||||
Multi-Utilities 0.9% | ||||||||||||||||||||||||||||||
102,130 | Veolia Environment SA, (2) |
2,037,966 | ||||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels 3.1% | ||||||||||||||||||||||||||||||
11,900 | Chevron Corp |
1,455,132 | ||||||||||||||||||||||||||||
99,035 | Enterprise Products Partners LP |
2,845,276 | ||||||||||||||||||||||||||||
262 | HGIM Corp, (2), (3) |
13,886 | ||||||||||||||||||||||||||||
9 | Southcross Holdings Borrower LP, (2), (3) |
2,025 | ||||||||||||||||||||||||||||
36,600 | Suncor Energy Inc. |
1,416,054 | ||||||||||||||||||||||||||||
22,100 | Total SA, Sponsored ADR |
1,423,019 | ||||||||||||||||||||||||||||
Total Oil, Gas & Consumable Fuels |
7,155,392 | |||||||||||||||||||||||||||||
Pharmaceuticals 3.0% | ||||||||||||||||||||||||||||||
34,399 | AstraZeneca PLC, Sponsored ADR |
1,361,168 | ||||||||||||||||||||||||||||
16,900 | Bayer AG, (2) |
1,499,041 | ||||||||||||||||||||||||||||
67,270 | GlaxoSmithKline PLC, Sponsored ADR |
2,702,236 | ||||||||||||||||||||||||||||
46,485 | Roche Holding AG, Sponsored ADR, (2) |
1,401,988 | ||||||||||||||||||||||||||||
Total Pharmaceuticals |
6,964,433 | |||||||||||||||||||||||||||||
Real Estate Management & Development 1.0% | ||||||||||||||||||||||||||||||
187,200 | Great Eagle Holdings Ltd, (2) |
935,054 | ||||||||||||||||||||||||||||
816,690 | Sino Land Co Ltd, (2) |
1,399,162 | ||||||||||||||||||||||||||||
Total Real Estate Management & Development |
2,334,216 |
2
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment 0.9% | ||||||||||||||||||||||||||||||
80,690 | Cypress Semiconductor Corp |
$ | 1,169,198 | |||||||||||||||||||||||||||
46,549 | Infineon Technologies AG, (2) |
1,059,263 | ||||||||||||||||||||||||||||
Total Semiconductors & Semiconductor Equipment |
2,228,461 | |||||||||||||||||||||||||||||
Software 2.3% | ||||||||||||||||||||||||||||||
17,362 | Microsoft Corp |
1,985,692 | ||||||||||||||||||||||||||||
66,125 | Oracle Corp |
3,409,405 | ||||||||||||||||||||||||||||
Total Software |
5,395,097 | |||||||||||||||||||||||||||||
Specialty Retail 0.5% | ||||||||||||||||||||||||||||||
368,350 | Kingfisher PLC, (2) |
1,245,474 | ||||||||||||||||||||||||||||
Technology Hardware, Storage & Peripherals 0.6% | ||||||||||||||||||||||||||||||
38,400 | Samsung Electronics Co Ltd, (2) |
1,309,718 | ||||||||||||||||||||||||||||
Tobacco 1.0% | ||||||||||||||||||||||||||||||
70,104 | Imperial Brands PLC, Sponsored ADR, (2) |
2,432,959 | ||||||||||||||||||||||||||||
Total Common Stocks (cost $77,266,744) |
88,370,556 | |||||||||||||||||||||||||||||
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
REAL ESTATE INVESTMENT TRUST (REIT) COMMON STOCKS 35.0% (24.0% of Total Investments) |
| |||||||||||||||||||||||||||||
Diversified 1.8% | ||||||||||||||||||||||||||||||
135,230 | Colony Capital Inc. |
$ | 823,551 | |||||||||||||||||||||||||||
79,000 | Liberty Property Trust |
3,337,750 | ||||||||||||||||||||||||||||
Total Diversified |
4,161,301 | |||||||||||||||||||||||||||||
Health Care 3.7% | ||||||||||||||||||||||||||||||
172,600 | HCP Inc. |
4,542,832 | ||||||||||||||||||||||||||||
45,310 | Senior Housing Properties Trust |
795,644 | ||||||||||||||||||||||||||||
14,300 | Ventas Inc. |
777,634 | ||||||||||||||||||||||||||||
38,340 | Welltower Inc. |
2,466,029 | ||||||||||||||||||||||||||||
Total Health Care |
8,582,139 | |||||||||||||||||||||||||||||
Hotels, Restaurant & Leisure 1.4% | ||||||||||||||||||||||||||||||
119,767 | Host Hotels & Resorts Inc. |
2,527,084 | ||||||||||||||||||||||||||||
22,225 | Pebblebrook Hotel Trust |
808,323 | ||||||||||||||||||||||||||||
Total Hotels, Restaurant & Leisure |
3,335,407 | |||||||||||||||||||||||||||||
Industrial 2.2% | ||||||||||||||||||||||||||||||
76,723 | Prologis Inc. |
5,201,052 | ||||||||||||||||||||||||||||
Office 6.1% | ||||||||||||||||||||||||||||||
30,425 | Alexandria Real Estate Equities Inc. |
3,827,161 | ||||||||||||||||||||||||||||
32,025 | Boston Properties Inc. |
3,941,957 | ||||||||||||||||||||||||||||
50,975 | Brandywine Realty Trust |
801,327 | ||||||||||||||||||||||||||||
44,200 | Douglas Emmett Inc. |
1,667,224 | ||||||||||||||||||||||||||||
35,650 | Hudson Pacific Properties Inc. |
1,166,468 | ||||||||||||||||||||||||||||
39,050 | Kilroy Realty Corp |
2,799,494 | ||||||||||||||||||||||||||||
Total Office |
14,203,631 | |||||||||||||||||||||||||||||
Residential 7.1% | ||||||||||||||||||||||||||||||
167,250 | American Homes 4 Rent, Class A |
3,661,102 | ||||||||||||||||||||||||||||
53,550 | Apartment Investment & Management Co, Class A |
2,363,162 | ||||||||||||||||||||||||||||
22,350 | AvalonBay Communities Inc. |
4,048,703 | ||||||||||||||||||||||||||||
50,850 | Equity Residential |
3,369,321 | ||||||||||||||||||||||||||||
91,925 | Invitation Homes Inc. |
2,106,002 | ||||||||||||||||||||||||||||
11,525 | Sun Communities Inc. |
1,170,248 | ||||||||||||||||||||||||||||
Total Residential |
16,718,538 |
3
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Retail 6.0% | ||||||||||||||||||||||||||||||
7,200 | Federal Realty Investment Trust |
$ | 910,584 | |||||||||||||||||||||||||||
137,325 | Kimco Realty Corp |
2,298,820 | ||||||||||||||||||||||||||||
35,416 | Macerich Company |
1,958,151 | ||||||||||||||||||||||||||||
26,025 | Regency Centers Corp |
1,683,037 | ||||||||||||||||||||||||||||
23,060 | Simon Property Group Inc. |
4,075,855 | ||||||||||||||||||||||||||||
26,800 | Taubman Centers Inc. |
1,603,444 | ||||||||||||||||||||||||||||
55,450 | Weingarten Realty Investors |
1,650,192 | ||||||||||||||||||||||||||||
Total Retail |
14,180,083 | |||||||||||||||||||||||||||||
Specialized 6.7% | ||||||||||||||||||||||||||||||
18,525 | CoreSite Realty Corp |
2,058,868 | ||||||||||||||||||||||||||||
22,275 | Digital Realty Trust Inc. |
2,505,492 | ||||||||||||||||||||||||||||
8,450 | Equinix Inc. |
3,657,921 | ||||||||||||||||||||||||||||
26,525 | Life Storage Inc. |
2,524,119 | ||||||||||||||||||||||||||||
23,999 | Public Storage |
4,838,918 | ||||||||||||||||||||||||||||
Total Specialized |
15,585,318 | |||||||||||||||||||||||||||||
Total Real Estate Investment Trust (REIT) Common Stocks (cost $65,302,237) |
|
81,967,469 | ||||||||||||||||||||||||||||
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
EMERGING MARKET DEBT AND FOREIGN CORPORATE BONDS 33.2% (22.8% of Total Investments) |
|
|||||||||||||||||||||||||||||
Angola 0.5% | ||||||||||||||||||||||||||||||
$ | 335 | Angolan Government International Bond, 144A |
8.250% | 5/09/28 | B3 | $ | 346,042 | |||||||||||||||||||||||
320 | Angolan Government International Bond, 144A |
9.375% | 5/08/48 | B3 | 337,843 | |||||||||||||||||||||||||
425 | Angolan Government International Bond, Reg S |
9.375% | 5/08/48 | B3 | 448,037 | |||||||||||||||||||||||||
Total Angola |
1,131,922 | |||||||||||||||||||||||||||||
Argentina 1.8% | ||||||||||||||||||||||||||||||
150 | Argentine Republic Government International Bond |
6.250% | 4/22/19 | B+ | 150,000 | |||||||||||||||||||||||||
409 | Argentine Republic Government International Bond |
6.875% | 4/22/21 | B+ | 390,804 | |||||||||||||||||||||||||
100 | EUR | Argentine Republic Government International Bond |
3.375% | 1/15/23 | B+ | 99,264 | ||||||||||||||||||||||||
950 | Argentine Republic Government International Bond |
6.875% | 1/26/27 | B+ | 807,500 | |||||||||||||||||||||||||
300 | Argentine Republic Government International Bond |
5.875% | 1/11/28 | B+ | 237,600 | |||||||||||||||||||||||||
150 | EUR | Argentine Republic Government International Bond |
5.250% | 1/15/28 | B+ | 138,588 | ||||||||||||||||||||||||
365 | Argentine Republic Government International Bond, (7) |
2.500% | 12/31/38 | B+ | 214,620 | |||||||||||||||||||||||||
150 | Argentine Republic Government International Bond |
7.625% | 4/22/46 | B+ | 121,651 | |||||||||||||||||||||||||
110 | Argentine Republic Government International Bond |
6.875% | 1/11/48 | B+ | 84,700 | |||||||||||||||||||||||||
345 | Autonomous City of Buenos Aires Argentina, 144A |
8.950% | 2/19/21 | B+ | 345,000 | |||||||||||||||||||||||||
310 | Autonomous City of Buenos Aires Argentina, 144A |
7.500% | 6/01/27 | B+ | 279,465 | |||||||||||||||||||||||||
320 | Autonomous City of Buenos Aires Argentina, Reg S |
7.500% | 6/01/27 | B+ | 288,480 | |||||||||||||||||||||||||
210 | Provincia de Buenos Aires/Argentina, 144A |
9.125% | 3/16/24 | B+ | 193,389 | |||||||||||||||||||||||||
220 | Provincia de Buenos Aires/Argentina, 144A |
7.875% | 6/15/27 | B+ | 182,932 | |||||||||||||||||||||||||
171 | Provincia de Cordoba, 144A |
7.125% | 6/10/21 | B+ | 159,030 | |||||||||||||||||||||||||
166 | YPF Sociedad Anonima, 144A |
8.750% | 4/04/24 | B2 | 165,378 | |||||||||||||||||||||||||
139 | YPF Sociedad Anonima, 144A |
6.950% | 7/21/27 | B+ | 121,583 | |||||||||||||||||||||||||
140 | YPF Sociedad Anonima, 144A |
7.000% | 12/15/47 | B+ | 110,951 | |||||||||||||||||||||||||
50 | YPF Sociedad Anonima, Reg S |
8.500% | 7/28/25 | B2 | 48,751 | |||||||||||||||||||||||||
Total Argentina |
4,139,686 | |||||||||||||||||||||||||||||
Armenia 0.3% | ||||||||||||||||||||||||||||||
655 | Republic of Armenia International Bond, Reg S |
7.150% | 3/26/25 | B1 | 690,534 | |||||||||||||||||||||||||
Azerbaijan 1.5% | ||||||||||||||||||||||||||||||
1,710 | Republic of Azerbaijan International Bond, Reg S |
4.750% | 3/18/24 | BB+ | 1,734,549 | |||||||||||||||||||||||||
780 | Republic of Azerbaijan International Bond, Reg S |
3.500% | 9/01/32 | BB+ | 664,355 | |||||||||||||||||||||||||
200 | Southern Gas Corridor CJSC, 144A |
6.875% | 3/24/26 | BB+ | 222,043 | |||||||||||||||||||||||||
545 | Southern Gas Corridor CJSC, Reg S |
6.875% | 3/24/26 | BB+ | 605,550 | |||||||||||||||||||||||||
210 | State Oil Co of the Azerbaijan Republic, Reg S |
6.950% | 3/18/30 | BB+ | 227,157 | |||||||||||||||||||||||||
Total Azerbaijan |
3,453,654 |
4
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
Brazil 0.4% | ||||||||||||||||||||||||||||||
$ | 225 | Centrais Eletricas Brasileiras SA, Reg S |
5.750% | 10/27/21 | BB | $ | 219,825 | |||||||||||||||||||||||
2 | Petrobras Global Finance BV |
6.125% | 1/17/22 | Ba2 | 2,065 | |||||||||||||||||||||||||
91 | Petrobras Global Finance BV |
5.999% | 1/27/28 | BB | 83,947 | |||||||||||||||||||||||||
595 | Petrobras Global Finance BV |
5.750% | 2/01/29 | Ba2 | 531,781 | |||||||||||||||||||||||||
200 | Suzano Austria GmbH, 144A |
6.000% | 1/15/29 | BBB | 200,800 | |||||||||||||||||||||||||
Total Brazil |
1,038,418 | |||||||||||||||||||||||||||||
Bulgaria 0.1% | ||||||||||||||||||||||||||||||
185 | EUR | Bulgaria Government International Bond, Reg S |
3.125% | 3/26/35 | Baa2 | 229,400 | ||||||||||||||||||||||||
Chile 0.2% | ||||||||||||||||||||||||||||||
260 | Corp Nacional del Cobre de Chile, 144A |
3.625% | 8/01/27 | A+ | 248,654 | |||||||||||||||||||||||||
200 | Empresa Nacional del Petroleo, 144A |
4.500% | 9/14/47 | A | 179,200 | |||||||||||||||||||||||||
Total Chile |
427,854 | |||||||||||||||||||||||||||||
China 1.2% | ||||||||||||||||||||||||||||||
200 | Industrial & Commercial Bank of China Ltd, Reg S |
4.875% | 9/21/25 | BBB+ | 201,664 | |||||||||||||||||||||||||
430 | State Grid Overseas Investment 2016 Ltd, 144A |
3.500% | 5/04/27 | A+ | 409,487 | |||||||||||||||||||||||||
450 | State Grid Overseas Investment 2016 Ltd, 144A |
4.250% | 5/02/28 | A+ | 451,884 | |||||||||||||||||||||||||
230 | Sinopec Group Overseas Development 2016 Ltd, 144A |
3.500% | 5/03/26 | A+ | 217,888 | |||||||||||||||||||||||||
925 | Sinopec Group Overseas Development 2017 Ltd, 144A |
3.625% | 4/12/27 | A1 | 877,568 | |||||||||||||||||||||||||
580 | Sinopec Group Overseas Development 2012 Ltd, Reg S |
4.875% | 5/17/42 | A+ | 600,938 | |||||||||||||||||||||||||
Total China |
2,759,429 | |||||||||||||||||||||||||||||
Columbia 0.1% | ||||||||||||||||||||||||||||||
260 | Ecopetrol SA |
5.875% | 9/18/23 | BBB | 277,030 | |||||||||||||||||||||||||
Costa Rica 0.2% | ||||||||||||||||||||||||||||||
645 | Costa Rica Government International Bond, Reg S |
7.000% | 4/04/44 | Ba2 | 567,413 | |||||||||||||||||||||||||
Cote dIvoire (Ivory Coast) 1.0% | ||||||||||||||||||||||||||||||
335 | Ivory Coast Government International Bond, 144A |
5.375% | 7/23/24 | Ba3 | 320,762 | |||||||||||||||||||||||||
100 | EUR | Ivory Coast Government International Bond, 144A |
5.250% | 3/22/30 | Ba3 | 110,210 | ||||||||||||||||||||||||
390 | Ivory Coast Government International Bond, 144A |
6.125% | 6/15/33 | Ba3 | 355,749 | |||||||||||||||||||||||||
365 | Ivory Coast Government International Bond, Reg S |
5.375% | 7/23/24 | Ba3 | 349,488 | |||||||||||||||||||||||||
420 | Ivory Coast Government International Bond, Reg S |
6.375% | 3/03/28 | Ba3 | 405,300 | |||||||||||||||||||||||||
175 | Ivory Coast Government International Bond, Reg S, (7) |
5.750% | 12/31/32 | B+ | 165,757 | |||||||||||||||||||||||||
605 | Ivory Coast Government International Bond, Reg S |
6.125% | 6/15/33 | Ba3 | 551,868 | |||||||||||||||||||||||||
Total Cote dIvoire (Ivory Coast) |
2,259,134 | |||||||||||||||||||||||||||||
Croatia 2.0% | ||||||||||||||||||||||||||||||
535 | Croatia Government International Bond, Reg S |
6.625% | 7/14/20 | BB+ | 562,017 | |||||||||||||||||||||||||
710 | Croatia Government International Bond, Reg S |
6.375% | 3/24/21 | BB+ | 752,600 | |||||||||||||||||||||||||
460 | Croatia Government International Bond, Reg S |
5.500% | 4/04/23 | BB+ | 486,457 | |||||||||||||||||||||||||
1,355 | Croatia Government International Bond, Reg S |
6.000% | 1/26/24 | BB+ | 1,472,004 | |||||||||||||||||||||||||
325 | EUR | Croatia Government International Bond, Reg S |
3.000% | 3/11/25 | BB+ | 407,622 | ||||||||||||||||||||||||
425 | EUR | Croatia Government International Bond, Reg S |
3.000% | 3/20/27 | BB+ | 522,337 | ||||||||||||||||||||||||
340 | EUR | Croatia Government International Bond, Reg S |
2.750% | 1/27/30 | BB+ | 398,363 | ||||||||||||||||||||||||
Total Croatia |
4,601,400 | |||||||||||||||||||||||||||||
Dominican Republic 1.2% | ||||||||||||||||||||||||||||||
165 | Dominican Republic International Bond, 144A |
6.600% | 1/28/24 | BB | 173,958 | |||||||||||||||||||||||||
550 | Dominican Republic International Bond, 144A |
5.500% | 1/27/25 | BB | 552,063 | |||||||||||||||||||||||||
285 | Dominican Republic International Bond, Reg S |
6.600% | 1/28/24 | BB | 300,473 | |||||||||||||||||||||||||
990 | Dominican Republic International Bond, Reg S |
5.875% | 4/18/24 | BB | 1,020,443 | |||||||||||||||||||||||||
545 | Dominican Republic International Bond, Reg S |
7.450% | 4/30/44 | BB | 580,425 | |||||||||||||||||||||||||
290 | Dominican Republic International Bond, Reg S |
6.850% | 1/27/45 | BB | 293,625 | |||||||||||||||||||||||||
Total Dominican Republic |
2,920,987 |
5
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
Ecuador 0.5% | ||||||||||||||||||||||||||||||
$ | 786 | Ecuador Government International Bond, 144A |
9.650% | 12/13/26 | B | $ | 780,262 | |||||||||||||||||||||||
255 | Ecuador Government International Bond, 144A |
7.875% | 1/23/28 | B | 229,423 | |||||||||||||||||||||||||
200 | Ecuador Government International Bond, Reg S |
7.950% | 6/20/24 | B | 190,340 | |||||||||||||||||||||||||
Total Ecuador |
1,200,025 | |||||||||||||||||||||||||||||
Egypt 0.8% | ||||||||||||||||||||||||||||||
130 | Egypt Government International Bond, 144A |
4.750% | 4/16/26 | B | 144,601 | |||||||||||||||||||||||||
125 | Egypt Government International Bond, 144A |
5.625% | 4/16/30 | B | 135,916 | |||||||||||||||||||||||||
270 | Egypt Government International Bond, 144A |
5.577% | 2/21/23 | B | 261,824 | |||||||||||||||||||||||||
640 | Egypt Government International Bond, 144A |
7.500% | 1/31/27 | B | 651,241 | |||||||||||||||||||||||||
305 | Egypt Government International Bond, 144A |
6.588% | 2/21/28 | B | 291,275 | |||||||||||||||||||||||||
250 | Egypt Government International Bond, 144A |
7.903% | 2/21/48 | B | 238,125 | |||||||||||||||||||||||||
200 | Egypt Government International Bond, Reg S |
8.500% | 1/31/47 | B | 200,225 | |||||||||||||||||||||||||
Total Egypt |
1,923,207 | |||||||||||||||||||||||||||||
El Salvador 0.0% | ||||||||||||||||||||||||||||||
45 | El Salvador Government International Bond, Reg S |
8.250% | 4/10/32 | B3 | 45,822 | |||||||||||||||||||||||||
75 | El Salvador Government International Bond, Reg S |
7.625% | 9/21/34 | B3 | 75,375 | |||||||||||||||||||||||||
Total El Salvador |
121,197 | |||||||||||||||||||||||||||||
Ethiopia 0.1% | ||||||||||||||||||||||||||||||
200 | Ethiopia International Bond, Reg S |
6.625% | 12/11/24 | B1 | 202,636 | |||||||||||||||||||||||||
Ghana 0.6% | ||||||||||||||||||||||||||||||
310 | Ghana Government International Bond, 144A |
7.625% | 5/16/29 | B | 310,292 | |||||||||||||||||||||||||
445 | Ghana Government International Bond, 144A |
10.750% | 10/14/30 | BB | 553,447 | |||||||||||||||||||||||||
250 | Ghana Government International Bond, 144A |
8.627% | 6/16/49 | B | 250,000 | |||||||||||||||||||||||||
215 | Ghana Government International Bond, Reg S |
8.627% | 6/16/49 | B | 214,669 | |||||||||||||||||||||||||
Total Ghana |
1,328,408 | |||||||||||||||||||||||||||||
Greece 0.2% | ||||||||||||||||||||||||||||||
200 | EUR | Hellenic Republic Government Bond, 144A, Reg S |
4.375% | 8/01/22 | BB | 242,193 | ||||||||||||||||||||||||
140 | EUR | Hellenic Republic Government Bond, Reg S |
3.500% | 1/30/23 | BB | 164,091 | ||||||||||||||||||||||||
Total Greece |
406,284 | |||||||||||||||||||||||||||||
Honduras 0.1% | ||||||||||||||||||||||||||||||
150 | Honduras Government International Bond, 144A |
6.250% | 1/19/27 | BB | 153,953 | |||||||||||||||||||||||||
Hong Kong 0.1% | ||||||||||||||||||||||||||||||
200 | Shimao Property Holdings Ltd, Reg S |
4.750% | 7/03/22 | BBB | 191,813 | |||||||||||||||||||||||||
Hungary 2.2% | ||||||||||||||||||||||||||||||
2,360 | Hungary Government International Bond |
6.375% | 3/29/21 | BBB | 2,518,120 | |||||||||||||||||||||||||
1,824 | Hungary Government International Bond |
5.375% | 2/21/23 | BBB | 1,932,539 | |||||||||||||||||||||||||
196 | Hungary Government International Bond |
5.750% | 11/22/23 | BBB | 212,268 | |||||||||||||||||||||||||
390 | MFB Magyar Fejlesztesi Bank Zrt, Reg S |
6.250% | 10/21/20 | Baa3 | 408,722 | |||||||||||||||||||||||||
Total Hungary |
5,071,649 | |||||||||||||||||||||||||||||
Indonesia 1.0% | ||||||||||||||||||||||||||||||
200 | Indonesia Government International Bond, 144A |
5.250% | 1/08/47 | Baa2 | 203,962 | |||||||||||||||||||||||||
330 | Indonesia Government International Bond, Reg S |
4.750% | 1/08/26 | Baa2 | 334,519 | |||||||||||||||||||||||||
200 | Indonesia Government International Bond, Reg S |
4.350% | 1/08/27 | Baa2 | 197,258 | |||||||||||||||||||||||||
400 | Indonesia Government International Bond, Reg S |
5.125% | 1/15/45 | Baa2 | 400,651 | |||||||||||||||||||||||||
350 | Indonesia Government International Bond, Reg S |
5.250% | 1/08/47 | Baa2 | 356,934 | |||||||||||||||||||||||||
6,200,000 | IDR | International Finance Corporation, (WI/DD) |
8.000% | 10/09/23 | Aaa | 416,066 | ||||||||||||||||||||||||
200 | Perusahaan Listrik Negara PT, 144A |
5.450% | 5/21/28 | Baa2 | 205,345 | |||||||||||||||||||||||||
200 | Perusahaan Listrik Negara PT, 144A |
6.150% | 5/21/48 | Baa2 | 207,572 | |||||||||||||||||||||||||
Total Indonesia |
2,322,307 |
6
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
Ireland 0.1% | ||||||||||||||||||||||||||||||
$ | 200 | Minejesa Capital BV, Reg S |
4.625% | 8/10/30 | Baa3 | $ | 183,306 | |||||||||||||||||||||||
Israel 0.2% | ||||||||||||||||||||||||||||||
400 | Israel Government International Bond |
4.500% | 1/30/43 | AA | 405,888 | |||||||||||||||||||||||||
200 | Israel Government International Bond |
4.125% | 1/17/48 | AA | 191,032 | |||||||||||||||||||||||||
Total Israel |
596,920 | |||||||||||||||||||||||||||||
Jamaica 0.1% | ||||||||||||||||||||||||||||||
200 | Jamaica Government International Bond |
7.875% | 7/28/45 | B | 233,500 | |||||||||||||||||||||||||
Jordan 0.2% | ||||||||||||||||||||||||||||||
200 | Jordan Government International Bond, 144A |
7.375% | 10/10/47 | B+ | 188,000 | |||||||||||||||||||||||||
200 | Jordan Government International Bond, Reg S |
6.125% | 1/29/26 | B+ | 196,128 | |||||||||||||||||||||||||
200 | Jordan Government International Bond, Reg S |
5.750% | 1/31/27 | B+ | 189,257 | |||||||||||||||||||||||||
Total Jordan |
573,385 | |||||||||||||||||||||||||||||
Kazakhstan 0.9% | ||||||||||||||||||||||||||||||
330 | Development Bank of Kazakhstan JSC, Reg S |
6.500% | 6/03/20 | Baa3 | 339,004 | |||||||||||||||||||||||||
220 | KazAgro National Management Holding JSC, 144A |
4.625% | 5/24/23 | BBB | 216,872 | |||||||||||||||||||||||||
380 | KazMunayGas National Co JSC, 144A |
3.875% | 4/19/22 | Baa3 | 378,442 | |||||||||||||||||||||||||
420 | KazMunayGas National Co JSC, 144A |
5.375% | 4/24/30 | Baa3 | 426,762 | |||||||||||||||||||||||||
395 | KazMunayGas National Co JSC, 144A |
5.750% | 4/19/47 | Baa3 | 389,075 | |||||||||||||||||||||||||
400 | KazMunayGas National Co JSC, 144A |
6.375% | 10/24/48 | Baa3 | 419,448 | |||||||||||||||||||||||||
Total Kazakhstan |
2,169,603 | |||||||||||||||||||||||||||||
Kenya 0.1% | ||||||||||||||||||||||||||||||
200 | Kenya Government International Bond, 144A |
8.250% | 2/28/48 | B+ | 193,016 | |||||||||||||||||||||||||
Lebanon 0.2% | ||||||||||||||||||||||||||||||
160 | Lebanon Government International Bond, Reg S |
5.450% | 11/28/19 | B | 151,274 | |||||||||||||||||||||||||
130 | Lebanon Government International Bond, Reg S |
5.800% | 4/14/20 | B | 120,825 | |||||||||||||||||||||||||
130 | Lebanon Government International Bond, Reg S |
8.250% | 4/12/21 | B | 122,060 | |||||||||||||||||||||||||
Total Lebanon |
394,159 | |||||||||||||||||||||||||||||
Malaysia 0.1% | ||||||||||||||||||||||||||||||
230 | Petronas Capital Ltd, Reg S |
3.500% | 3/18/25 | A1 | 224,687 | |||||||||||||||||||||||||
Mexico 0.8% | ||||||||||||||||||||||||||||||
1,307 | Petroleos Mexicanos |
6.750% | 9/21/47 | BBB+ | 1,247,126 | |||||||||||||||||||||||||
266 | Petroleos Mexicanos, 144A |
6.350% | 2/12/48 | BBB+ | 243,656 | |||||||||||||||||||||||||
45 | Petroleos Mexicanos, Reg S |
5.350% | 2/12/28 | BBB+ | 42,412 | |||||||||||||||||||||||||
190 | Petroleos Mexicanos, Reg S |
6.350% | 2/12/48 | BBB+ | 174,040 | |||||||||||||||||||||||||
135 | Petroleos Mexicanos |
6.500% | 3/13/27 | BBB+ | 137,903 | |||||||||||||||||||||||||
Total Mexico |
1,845,137 | |||||||||||||||||||||||||||||
Morocco 0.6% | ||||||||||||||||||||||||||||||
760 | Office Cherifien Des Phosphates SA, Reg S |
5.625% | 4/25/24 | BBB | 780,193 | |||||||||||||||||||||||||
295 | Office Cherifien Des Phosphates SA, Reg S |
4.500% | 10/22/25 | BBB | 282,984 | |||||||||||||||||||||||||
280 | Office Cherifien Des Phosphates SA, Reg S |
6.875% | 4/25/44 | BBB | 299,283 | |||||||||||||||||||||||||
Total Morocco |
1,362,460 | |||||||||||||||||||||||||||||
Nigeria 0.7% | ||||||||||||||||||||||||||||||
465 | Nigeria Government International Bond, 144A |
6.500% | 11/28/27 | B+ | 447,376 | |||||||||||||||||||||||||
200 | Nigeria Government International Bond, 144A |
7.143% | 2/23/30 | B+ | 195,060 | |||||||||||||||||||||||||
200 | Nigeria Government International Bond, 144A |
7.875% | 2/16/32 | B+ | 204,300 | |||||||||||||||||||||||||
200 | Nigeria Government International Bond, 144A |
7.625% | 11/28/47 | B+ | 191,396 | |||||||||||||||||||||||||
645 | Nigeria Government International Bond, Reg S |
7.875% | 2/16/32 | B+ | 658,471 | |||||||||||||||||||||||||
Total Nigeria |
1,696,603 |
7
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
Oman 0.9% | ||||||||||||||||||||||||||||||
$ | 260 | Oman Government International Bond, 144A |
3.625% | 6/15/21 | Baa3 | $ | 254,150 | |||||||||||||||||||||||
210 | Oman Government International Bond, 144A |
4.125% | 1/17/23 | Baa3 | 204,628 | |||||||||||||||||||||||||
400 | Oman Government International Bond, 144A |
6.500% | 3/08/47 | Baa3 | 380,067 | |||||||||||||||||||||||||
305 | Oman Government International Bond, 144A |
6.750% | 1/17/48 | Baa3 | 296,649 | |||||||||||||||||||||||||
700 | Oman Government International Bond, Reg S |
5.375% | 3/08/27 | Baa3 | 678,964 | |||||||||||||||||||||||||
200 | Oztel Holdings SPC Ltd, 144A |
6.625% | 4/24/28 | Baa3 | 200,340 | |||||||||||||||||||||||||
Total Oman |
2,014,798 | |||||||||||||||||||||||||||||
Pakistan 0.1% | ||||||||||||||||||||||||||||||
275 | Pakistan Government International Bond, 144A |
7.250% | 4/15/19 | B | 275,224 | |||||||||||||||||||||||||
Panama 0.1% | ||||||||||||||||||||||||||||||
200 | Panama Government International Bond |
4.500% | 4/16/50 | BBB | 198,302 | |||||||||||||||||||||||||
Papua New Guinea 0.1% | ||||||||||||||||||||||||||||||
200 | Papua New Guinea Government International Bond, 144A, (WI/DD) |
8.375% | 10/04/28 | B | 202,500 | |||||||||||||||||||||||||
Paraguay 0.3% | ||||||||||||||||||||||||||||||
200 | Paraguay Government International Bond, 144A |
4.700% | 3/27/27 | Ba1 | 199,000 | |||||||||||||||||||||||||
200 | Paraguay Government International Bond, Reg S |
4.625% | 1/25/23 | Ba1 | 201,750 | |||||||||||||||||||||||||
315 | Paraguay Government International Bond, Reg S |
6.100% | 8/11/44 | Ba1 | 329,018 | |||||||||||||||||||||||||
Total Paraguay |
729,768 | |||||||||||||||||||||||||||||
Peru 0.2% | ||||||||||||||||||||||||||||||
420 | Peru LNG Srl, 144A |
5.375% | 3/22/30 | BBB | 418,530 | |||||||||||||||||||||||||
Qatar 0.8% | ||||||||||||||||||||||||||||||
200 | Qatar Government International Bond, 144A |
4.500% | 4/23/28 | AA | 205,800 | |||||||||||||||||||||||||
825 | Qatar Government International Bond, 144A |
5.103% | 4/23/48 | AA | 858,000 | |||||||||||||||||||||||||
965 | Qatar Government International Bond, Reg S |
2.375% | 6/02/21 | AA | 938,096 | |||||||||||||||||||||||||
Total Qatar |
2,001,896 | |||||||||||||||||||||||||||||
Romania 0.5% | ||||||||||||||||||||||||||||||
241 | EUR | Romanian Government International Bond, 144A |
2.875% | 5/26/28 | BBB | 285,899 | ||||||||||||||||||||||||
95 | EUR | Romanian Government International Bond, 144A |
2.500% | 2/08/30 | BBB | 105,012 | ||||||||||||||||||||||||
45 | EUR | Romanian Government International Bond, 144A |
3.375% | 2/08/38 | BBB | 49,107 | ||||||||||||||||||||||||
126 | Romanian Government International Bond, 144A |
5.125% | 6/15/48 | BBB | 123,798 | |||||||||||||||||||||||||
590 | EUR | Romanian Government International Bond, Reg S |
3.875% | 10/29/35 | BBB | 693,915 | ||||||||||||||||||||||||
Total Romania |
1,257,731 | |||||||||||||||||||||||||||||
Russia 1.7% | ||||||||||||||||||||||||||||||
195 | Gazprom OAO Via Gaz Capital SA, Reg S |
9.250% | 4/23/19 | BBB | 200,123 | |||||||||||||||||||||||||
400 | Russian Foreign Bond Eurobond, 144A |
4.375% | 3/21/29 | BBB | 383,240 | |||||||||||||||||||||||||
600 | Russian Foreign Bond Eurobond, 144A |
4.250% | 6/23/27 | BBB | 575,218 | |||||||||||||||||||||||||
300 | Russian Foreign Bond Eurobond, Reg S |
5.000% | 4/29/20 | BBB | 305,656 | |||||||||||||||||||||||||
800 | Russian Foreign Bond Eurobond, Reg S |
4.875% | 9/16/23 | BBB | 824,305 | |||||||||||||||||||||||||
600 | Russian Foreign Bond Eurobond, Reg S |
4.750% | 5/27/26 | BBB | 598,973 | |||||||||||||||||||||||||
400 | Russian Foreign Bond Eurobond, Reg S |
4.250% | 6/23/27 | BBB | 383,640 | |||||||||||||||||||||||||
200 | Russian Foreign Bond Eurobond, Reg S |
5.625% | 4/04/42 | BBB | 210,146 | |||||||||||||||||||||||||
600 | Russian Foreign Bond Eurobond, Reg S |
5.250% | 6/23/47 | BBB | 574,915 | |||||||||||||||||||||||||
Total Russia |
4,056,216 | |||||||||||||||||||||||||||||
Saudi Arabia 0.9% | ||||||||||||||||||||||||||||||
240 | Saudi Government International Bond, 144A |
2.375% | 10/26/21 | A1 | 231,600 | |||||||||||||||||||||||||
245 | Saudi Government International Bond, 144A |
2.875% | 3/04/23 | A1 | 236,621 | |||||||||||||||||||||||||
200 | Saudi Government International Bond, 144A |
4.000% | 4/17/25 | A1 | 200,100 | |||||||||||||||||||||||||
305 | Saudi Government International Bond, 144A |
4.500% | 4/17/30 | A1 | 306,373 | |||||||||||||||||||||||||
215 | Saudi Government International Bond, 144A |
4.625% | 10/04/47 | A1 | 207,110 | |||||||||||||||||||||||||
680 | Saudi Government International Bond, Reg S |
2.375% | 10/26/21 | A1 | 656,200 |
8
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
Saudi Arabia (continued) | ||||||||||||||||||||||||||||||
$ | 200 | Saudi Government International Bond, Reg S |
4.000% | 4/17/25 | A1 | $ | 200,067 | |||||||||||||||||||||||
Total Saudi Arabia |
2,038,071 | |||||||||||||||||||||||||||||
Senegal 0.7% | ||||||||||||||||||||||||||||||
100 | EUR | Senegal Government International Bond, 144A |
4.750% | 3/13/28 | Ba3 | 112,166 | ||||||||||||||||||||||||
200 | Senegal Government International Bond, 144A |
6.250% | 5/23/33 | Ba3 | 186,282 | |||||||||||||||||||||||||
200 | Senegal Government International Bond, 144A |
6.750% | 3/13/48 | Ba3 | 178,808 | |||||||||||||||||||||||||
200 | Senegal Government International Bond, Reg S |
8.750% | 5/13/21 | Ba3 | 217,318 | |||||||||||||||||||||||||
565 | Senegal Government International Bond, Reg S |
6.250% | 7/30/24 | Ba3 | 569,258 | |||||||||||||||||||||||||
200 | Senegal Government International Bond, Reg S |
6.250% | 5/23/33 | Ba3 | 186,282 | |||||||||||||||||||||||||
200 | Senegal Government International Bond, Reg S |
6.750% | 3/13/48 | Ba3 | 178,506 | |||||||||||||||||||||||||
Total Senegal |
1,628,620 | |||||||||||||||||||||||||||||
Serbia 0.3% | ||||||||||||||||||||||||||||||
570 | Serbia International Bond, Reg S |
7.250% | 9/28/21 | BB | 620,530 | |||||||||||||||||||||||||
South Africa 1.0% | ||||||||||||||||||||||||||||||
270 | Eskom Holdings SOC Ltd, Reg S |
6.750% | 8/06/23 | B3 | 259,199 | |||||||||||||||||||||||||
3,315 | ZAR | Republic of South Africa Government Bond |
8.000% | 1/31/30 | Baa3 | 211,787 | ||||||||||||||||||||||||
700 | ZAR | Republic of South Africa Government Bond |
6.250% | 3/31/36 | Baa3 | 35,254 | ||||||||||||||||||||||||
465 | Republic of South Africa Government International Bond |
5.875% | 9/16/25 | Baa3 | 472,486 | |||||||||||||||||||||||||
320 | Republic of South Africa Government International Bond |
4.850% | 9/27/27 | Baa3 | 301,031 | |||||||||||||||||||||||||
480 | Republic of South Africa Government International Bond |
5.875% | 6/22/30 | Baa3 | 477,199 | |||||||||||||||||||||||||
200 | Republic of South Africa Government International Bond |
5.000% | 10/12/46 | Baa3 | 171,756 | |||||||||||||||||||||||||
200 | Republic of South Africa Government International Bond |
6.300% | 6/22/48 | Baa3 | 193,929 | |||||||||||||||||||||||||
200 | SASOL Financing USA LLC |
5.875% | 3/27/24 | BBB | 203,736 | |||||||||||||||||||||||||
Total South Africa |
2,326,377 | |||||||||||||||||||||||||||||
Sri Lanka 1.3% | ||||||||||||||||||||||||||||||
720 | Sri Lanka Government International Bond, 144A |
6.000% | 1/14/19 | B+ | 720,168 | |||||||||||||||||||||||||
505 | Sri Lanka Government International Bond, 144A |
6.850% | 11/03/25 | B+ | 498,496 | |||||||||||||||||||||||||
335 | Sri Lanka Government International Bond, 144A |
6.200% | 5/11/27 | B+ | 314,012 | |||||||||||||||||||||||||
310 | Sri Lanka Government International Bond, Reg S |
6.250% | 7/27/21 | B+ | 310,547 | |||||||||||||||||||||||||
200 | Sri Lanka Government International Bond, Reg S |
5.875% | 7/25/22 | B+ | 196,506 | |||||||||||||||||||||||||
415 | Sri Lanka Government International Bond, Reg S |
6.850% | 11/03/25 | B+ | 409,655 | |||||||||||||||||||||||||
200 | Sri Lanka Government International Bond, Reg S |
6.825% | 7/18/26 | B+ | 196,329 | |||||||||||||||||||||||||
480 | Sri Lanka Government International Bond, Reg S |
6.200% | 5/11/27 | B+ | 449,928 | |||||||||||||||||||||||||
Total Sri Lanka |
3,095,641 | |||||||||||||||||||||||||||||
Tunisia 0.2% | ||||||||||||||||||||||||||||||
105 | EUR | Banque Centrale de Tunisie International Bond, Reg S |
5.625% | 2/17/24 | B+ | 119,191 | ||||||||||||||||||||||||
500 | Banque Centrale de Tunisie International Bond, Reg S |
5.750% | 1/30/25 | B+ | 440,000 | |||||||||||||||||||||||||
Total Tunisia |
559,191 | |||||||||||||||||||||||||||||
Turkey 1.1% | ||||||||||||||||||||||||||||||
870 | Turkey Government International Bond |
7.000% | 6/05/20 | BB | 878,395 | |||||||||||||||||||||||||
345 | Turkey Government International Bond |
5.625% | 3/30/21 | BB | 337,927 | |||||||||||||||||||||||||
200 | Turkey Government International Bond |
6.000% | 3/25/27 | BB | 182,026 | |||||||||||||||||||||||||
200 | Turkey Government International Bond |
5.125% | 2/17/28 | BB | 169,988 | |||||||||||||||||||||||||
400 | Turkey Government International Bond |
6.000% | 1/14/41 | BB | 329,463 | |||||||||||||||||||||||||
880 | Turkey Government International Bond |
5.750% | 5/11/47 | BB | 685,766 | |||||||||||||||||||||||||
Total Turkey |
2,583,565 | |||||||||||||||||||||||||||||
Ukraine 1.1% | ||||||||||||||||||||||||||||||
835 | Ukraine Government International Bond, 144A |
0.000% | 2/28/19 | N/R | 804,031 | |||||||||||||||||||||||||
117 | Ukraine Government International Bond, 144A |
7.750% | 9/01/21 | B | 117,877 | |||||||||||||||||||||||||
103 | Ukraine Government International Bond, 144A |
7.750% | 9/01/23 | B | 101,120 | |||||||||||||||||||||||||
103 | Ukraine Government International Bond, 144A |
7.750% | 9/01/25 | B | 97,952 | |||||||||||||||||||||||||
200 | Ukraine Government International Bond, 144A |
7.750% | 9/01/27 | B | 185,760 | |||||||||||||||||||||||||
643 | Ukraine Government International Bond, 144A |
7.375% | 9/25/32 | B | 558,317 | |||||||||||||||||||||||||
105 | Ukraine Government International Bond, Reg S |
7.750% | 9/01/23 | B | 103,010 |
9
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Principal Amount (000) |
(5) | Description (1) | Coupon | Maturity | Ratings (6) | Value | ||||||||||||||||||||||||
Ukraine (continued) | ||||||||||||||||||||||||||||||
$ | 230 | Ukraine Government International Bond, Reg S |
|
7.750% | 9/01/25 | B | $ | 218,728 | ||||||||||||||||||||||
215 | Ukraine Government International Bond, Reg S |
|
7.750% | 9/01/26 | B | 201,997 | ||||||||||||||||||||||||
100 | Ukraine Government International Bond, Reg S |
|
7.750% | 9/01/27 | B | 92,928 | ||||||||||||||||||||||||
255 | Ukraine Government International Bond, Reg S |
|
7.375% | 9/25/32 | B | 223,699 | ||||||||||||||||||||||||
Total Ukraine |
2,705,419 | |||||||||||||||||||||||||||||
United Arab Emirates 1.0% | ||||||||||||||||||||||||||||||
915 | Abu Dhabi Government International Bond, 144A |
|
2.500% | 10/11/22 | AA | 880,321 | ||||||||||||||||||||||||
510 | Abu Dhabi Government International Bond, 144A |
|
3.125% | 10/11/27 | AA | 481,950 | ||||||||||||||||||||||||
370 | Abu Dhabi Government International Bond, Reg S |
|
4.125% | 10/11/47 | AA | 352,530 | ||||||||||||||||||||||||
200 | Abu Dhabi National Energy Co PJSC, 144A |
|
4.875% | 4/23/30 | A | 200,200 | ||||||||||||||||||||||||
360 | Abu Dhabi National Energy Co PJSC, Reg S |
|
4.375% | 6/22/26 | A | 355,894 | ||||||||||||||||||||||||
Total United Arab Emirates |
2,270,895 | |||||||||||||||||||||||||||||
Uruguay 0.3% | ||||||||||||||||||||||||||||||
376 | Uruguay Government International Bond |
5.100% | 6/18/50 | BBB | 383,491 | |||||||||||||||||||||||||
330 | Uruguay Government International Bond |
4.975% | 4/20/55 | Baa2 | 330,000 | |||||||||||||||||||||||||
Total Uruguay |
713,491 | |||||||||||||||||||||||||||||
Venezuela 0.3% | ||||||||||||||||||||||||||||||
1,877 | Petroleos de Venezuela SA, Reg S, (8) |
6.000% | 11/15/26 | C | 403,501 | |||||||||||||||||||||||||
360 | Venezuela Government International Bond, Reg S, (8) |
|
9.000% | 5/07/23 | C | 97,092 | ||||||||||||||||||||||||
1,170 | Venezuela Government International Bond, Reg S, (8) |
|
9.250% | 5/07/28 | C | 308,529 | ||||||||||||||||||||||||
Total Venezuela |
809,122 | |||||||||||||||||||||||||||||
Zambia 0.2% | ||||||||||||||||||||||||||||||
215 | Zambia Government International Bond, Reg S |
8.500% | 4/14/24 | B | 152,729 | |||||||||||||||||||||||||
325 | Zambia Government International Bond, Reg S |
8.970% | 7/30/27 | B | 230,750 | |||||||||||||||||||||||||
Total Zambia |
383,479 | |||||||||||||||||||||||||||||
Total Emerging Market Debt and Foreign Corporate Bonds (cost $80,362,961) |
|
77,780,482 | ||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon (9) | Reference Rate (9) |
Spread (9) | Maturity (10) | Ratings (6) | Value | |||||||||||||||||||||||
VARIABLE RATE SENIOR LOAN INTERESTS 32.8% (22.5% of Total Investments) (9) |
|
|||||||||||||||||||||||||||||
Aerospace & Defense 0.2% | ||||||||||||||||||||||||||||||
$ | 489 | Transdigm, Inc., Term Loan F |
4.742% | 1-Month LIBOR | 2.500% | 6/09/23 | Ba2 | $ | 491,169 | |||||||||||||||||||||
Airlines 1.0% | ||||||||||||||||||||||||||||||
480 | American Airlines, Inc., Term Loan 2025 |
3.980% | 1-Month LIBOR | 1.750% | 6/27/25 | BB+ | 471,837 | |||||||||||||||||||||||
1,960 | American Airlines, Inc., Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 4/28/23 | BB+ | 1,953,140 | |||||||||||||||||||||||
2,440 | Total Airlines |
2,424,977 | ||||||||||||||||||||||||||||
Automobiles 0.2% | ||||||||||||||||||||||||||||||
576 | Chrysler Group LLC, Term Loan |
4.250% | 1-Month LIBOR | 2.000% | 12/31/18 | BBB | 577,321 | |||||||||||||||||||||||
Biotechnology 0.3% | ||||||||||||||||||||||||||||||
739 | Grifols, Inc., Term Loan B |
4.417% | 1-Week LIBOR | 2.250% | 1/31/25 | BB | 743,452 | |||||||||||||||||||||||
Building Products 0.4% | ||||||||||||||||||||||||||||||
154 | Fairmount, Initial Term Loan |
6.136% | 3-Month LIBOR | 3.750% | 6/01/25 | BB | 145,832 | |||||||||||||||||||||||
865 | Quikrete Holdings, Inc., Term Loan B |
4.992% | 1-Month LIBOR | 2.750% | 11/15/23 | BB | 867,626 | |||||||||||||||||||||||
1,019 | Total Building Products |
1,013,458 | ||||||||||||||||||||||||||||
Capital Markets 0.2% | ||||||||||||||||||||||||||||||
480 | RPI Finance Trust, Term Loan B6 |
4.386% | 3-Month LIBOR | 2.000% | 3/27/23 | BBB | 482,197 |
10
Principal Amount (000) |
Description (1) | Coupon (9) | Reference Rate (9) |
Spread (9) | Maturity (10) | Ratings (6) | Value | |||||||||||||||||||||||
Chemicals 0.8% | ||||||||||||||||||||||||||||||
$ | 652 | Axalta Coating Systems, Term Loan, First Lien |
4.136% | 3-Month LIBOR | 1.750% | 6/01/24 | BBB | $ | 653,806 | |||||||||||||||||||||
484 | H.B. Fuller Company, Term Loan B |
4.165% | 1-Month LIBOR | 2.000% | 10/22/24 | BB+ | 483,730 | |||||||||||||||||||||||
199 | Mineral Technologies, Inc., Term Loan B2 |
4.750% | N/A | N/A | 5/07/21 | BB+ | 200,617 | |||||||||||||||||||||||
590 | Univar, Inc., Term Loan B |
4.492% | 1-Month LIBOR | 2.250% | 7/01/24 | BB | 592,404 | |||||||||||||||||||||||
1,925 | Total Chemicals |
1,930,557 | ||||||||||||||||||||||||||||
Commercial Services & Supplies 0.4% | ||||||||||||||||||||||||||||||
711 | ADS Waste Holdings, Inc., Term Loan B |
4.413% | 1-Week LIBOR | 2.250% | 11/10/23 | BB+ | 713,923 | |||||||||||||||||||||||
43 | West Corporation, Incremental Term Loan B1 |
5.742% | 1-Month LIBOR | 3.500% | 10/10/24 | Ba3 | 42,356 | |||||||||||||||||||||||
160 | West Corporation, Term Loan B |
6.242% | 1-Month LIBOR | 4.000% | 10/10/24 | Ba3 | 159,400 | |||||||||||||||||||||||
914 | Total Commercial Services & Supplies |
915,679 | ||||||||||||||||||||||||||||
Communications Equipment 0.3% | ||||||||||||||||||||||||||||||
105 | CommScope, Inc., Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 12/29/22 | BB+ | 105,969 | |||||||||||||||||||||||
565 | Plantronics, Term Loan B |
4.742% | 1-Month LIBOR | 2.500% | 7/02/25 | BB | 567,868 | |||||||||||||||||||||||
670 | Total Communications Equipment |
673,837 | ||||||||||||||||||||||||||||
Containers & Packaging 0.7% | ||||||||||||||||||||||||||||||
349 | Berry Global, Inc., Term Loan Q |
4.186% | 2-Month LIBOR | 2.000% | 10/01/22 | BBB | 350,500 | |||||||||||||||||||||||
1,251 | Reynolds Group Holdings, Inc., Term Loan, First Lien |
4.992% | 1-Month LIBOR | 2.750% | 2/05/23 | B+ | 1,258,176 | |||||||||||||||||||||||
1,600 | Total Containers & Packaging |
1,608,676 | ||||||||||||||||||||||||||||
Distributors 0.2% | ||||||||||||||||||||||||||||||
500 | SRS Distribution, Inc., Term Loan B |
5.441% | 3-Month LIBOR | 3.250% | 5/23/25 | B | 497,240 | |||||||||||||||||||||||
Diversified Financial Services 0.7% | ||||||||||||||||||||||||||||||
500 | Lions Gate Entertainment Corporation, Term Loan A |
3.992% | 1-Month LIBOR | 1.750% | 3/22/23 | BB | 500,000 | |||||||||||||||||||||||
500 | Refinitiv, Term Loan B, (WI/DD) |
TBD | TBD | TBD | TBD | B | 499,480 | |||||||||||||||||||||||
337 | Travelport LLC, Term Loan B |
4.814% | 3-Month LIBOR | 2.500% | 3/17/25 | B+ | 337,590 | |||||||||||||||||||||||
378 | Veritas US, Inc., Term Loan B1 |
6.778% | 3-Month LIBOR | 4.500% | 1/27/23 | B | 369,029 | |||||||||||||||||||||||
1,715 | Total Diversified Financial Services |
1,706,099 | ||||||||||||||||||||||||||||
Diversified Telecommunication Services 1.8% | ||||||||||||||||||||||||||||||
1,215 | CenturyLink, Inc., Term Loan B |
4.992% | 1-Month LIBOR | 2.750% | 1/31/25 | BBB | 1,208,318 | |||||||||||||||||||||||
766 | Frontier Communications Corporation, Term Loan B |
6.000% | 1-Month LIBOR | 3.750% | 1/14/22 | B | 752,893 | |||||||||||||||||||||||
511 | Intelsat Jackson Holdings, S.A., Term Loan B |
5.980% | 1-Month LIBOR | 3.750% | 11/30/23 | B | 513,596 | |||||||||||||||||||||||
78 | Intelsat Jackson Holdings, S.A., Term Loan B4 |
6.730% | 1-Month LIBOR | 4.500% | 1/02/24 | B1 | 82,529 | |||||||||||||||||||||||
125 | Intelsat Jackson Holdings, S.A., Term Loan B5 |
6.625% | N/A | N/A | 1/02/24 | B1 | 130,918 | |||||||||||||||||||||||
227 | Level 3 Financing, Inc., Tranche B, Term Loan |
4.432% | 1-Month LIBOR | 2.250% | 2/22/24 | BBB | 227,655 | |||||||||||||||||||||||
261 | WideOpenWest Finance LLC, Term Loan B |
5.408% | 1-Month LIBOR | 3.250% | 8/18/23 | B | 256,569 | |||||||||||||||||||||||
1,000 | Ziggo B.V., Term Loan E |
4.658% | 1-Month LIBOR | 2.500% | 4/15/25 | BB | 983,125 | |||||||||||||||||||||||
4,183 | Total Diversified Telecommunication Services |
4,155,603 | ||||||||||||||||||||||||||||
Electric Utilities 0.5% | ||||||||||||||||||||||||||||||
800 | Vistra Operations Co., Term Loan B1 |
4.242% | 1-Month LIBOR | 2.000% | 8/01/23 | BBB | 802,036 | |||||||||||||||||||||||
277 | Vistra Operations Co., Term Loan B3 |
4.181% | 1-Month LIBOR | 2.000% | 12/31/25 | BBB | 277,666 | |||||||||||||||||||||||
1,077 | Total Electric Utilities |
1,079,702 | ||||||||||||||||||||||||||||
Electrical Equipment 0.2% | ||||||||||||||||||||||||||||||
376 | Zebra Technologies Corporation, Term Loan B |
4.063% | 3-Month LIBOR | 1.750% | 10/27/21 | BB+ | 378,450 | |||||||||||||||||||||||
Energy Equipment & Services 0.2% | ||||||||||||||||||||||||||||||
15 | Ocean Rig UDW, Inc., Term Loan |
0.000% | N/A | N/A | 9/20/24 | Caa1 | 15,708 | |||||||||||||||||||||||
333 | Verscend Technologies, Tern Loan B |
6.742% | 1-Month LIBOR | 4.500% | 8/27/25 | B+ | 336,736 | |||||||||||||||||||||||
348 | Total Energy Equipment & Services |
|
352,444 |
11
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (9) | Reference Rate (9) |
Spread (9) | Maturity (10) | Ratings (6) | Value | |||||||||||||||||||||||
Entertainment 0.1% | ||||||||||||||||||||||||||||||
$ | 211 | Lions Gate Entertainment Corp., Term Loan B |
4.492% | 1-Month LIBOR | 2.250% | 3/24/25 | BB | $ | 211,534 | |||||||||||||||||||||
Equity Real Estate Investment Trusts 0.5% | ||||||||||||||||||||||||||||||
560 | Communications Sales & Leasing, Inc., Shortfall Term Loan |
5.242% | 1-Month LIBOR | 3.000% | 10/24/22 | B | 537,068 | |||||||||||||||||||||||
621 | Walter Investment Management Corporation, Tranche B, Term Loan, First Lien |
8.242% | 1-Month LIBOR | 6.000% | 6/30/22 | CCC+ | 588,338 | |||||||||||||||||||||||
1,181 | Total Equity Real Estate Investment Trusts |
|
1,125,406 | |||||||||||||||||||||||||||
Food & Staples Retailing 0.7% | ||||||||||||||||||||||||||||||
1,614 | Albertsons LLC, Term Loan B4 |
4.992% | 1-Month LIBOR | 2.750% | 8/25/21 | BB | 1,617,276 | |||||||||||||||||||||||
Food Products 1.2% | ||||||||||||||||||||||||||||||
480 | Jacobs Douwe Egberts, Term Loan B |
4.625% | 3-Month LIBOR | 2.250% | 7/01/22 | BB | 484,027 | |||||||||||||||||||||||
2,287 | US Foods, Inc., Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 6/27/23 | BBB | 2,298,571 | |||||||||||||||||||||||
2,767 | Total Food Products |
2,782,598 | ||||||||||||||||||||||||||||
Health Care Equipment & Supplies 0.4% | ||||||||||||||||||||||||||||||
439 | Acelity, Term Loan B |
5.636% | 3-Month LIBOR | 3.250% | 2/02/24 | B | 441,610 | |||||||||||||||||||||||
398 | ConvaTec, Inc., Term Loan B |
4.636% | 3-Month LIBOR | 2.250% | 10/25/23 | BB | 401,249 | |||||||||||||||||||||||
837 | Total Health Care Equipment & Supplies |
|
842,859 | |||||||||||||||||||||||||||
Health Care Providers & Services 1.6% | ||||||||||||||||||||||||||||||
781 | Acadia Healthcare, Inc., Term Loan B3 |
4.742% | 1-Month LIBOR | 2.500% | 2/11/22 | BB | 787,177 | |||||||||||||||||||||||
86 | Air Medical Group Holdings, Inc., Term Loan B |
6.415% | 1-Month LIBOR | 4.250% | 3/14/25 | B | 86,112 | |||||||||||||||||||||||
275 | Community Health Systems, Inc., Term Loan H |
5.563% | 3-Month LIBOR | 3.250% | 1/27/21 | B | 272,012 | |||||||||||||||||||||||
796 | DaVita HealthCare Partners, Inc., Tranche B, Term Loan |
4.992% | 1-Month LIBOR | 2.750% | 6/24/21 | BBB | 800,146 | |||||||||||||||||||||||
1,233 | HCA, Inc., Term Loan B10 |
4.242% | 1-Month LIBOR | 2.000% | 3/13/25 | BBB | 1,243,440 | |||||||||||||||||||||||
47 | HCA, Inc., Term Loan B11 |
3.992% | 1-Month LIBOR | 1.750% | 3/17/23 | BBB | 46,996 | |||||||||||||||||||||||
326 | Millennium Laboratories, Inc., Term Loan B, First Lien |
8.742% | 1-Month LIBOR | 6.500% | 12/21/20 | CCC+ | 182,619 | |||||||||||||||||||||||
249 | PharMerica, Term Loan, First Lien |
5.648% | 1-Month LIBOR | 3.500% | 12/06/24 | B | 250,733 | |||||||||||||||||||||||
3,793 | Total Health Care Providers & Services |
|
3,669,235 | |||||||||||||||||||||||||||
Health Care Technology 0.4% | ||||||||||||||||||||||||||||||
975 | Emdeon, Inc., Term Loan |
4.992% | 1-Month LIBOR | 2.750% | 3/01/24 | B+ | 979,344 | |||||||||||||||||||||||
Hotels, Restaurants & Leisure 3.2% | ||||||||||||||||||||||||||||||
466 | Aramark Corporation, Term Loan |
4.084% | 3-Month LIBOR | 1.750% | 3/11/25 | BBB | 468,371 | |||||||||||||||||||||||
1,756 | Burger King Corporation, Term Loan B3 |
4.492% | 1-Month LIBOR | 2.250% | 2/16/24 | B+ | 1,759,171 | |||||||||||||||||||||||
561 | Caesars Entertainment Operating Company, Inc., Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 10/06/24 | BB | 561,243 | |||||||||||||||||||||||
744 | Caesars Resort Collection, Term Loan, First Lien |
4.992% | 1-Month LIBOR | 2.750% | 12/23/24 | BB | 749,288 | |||||||||||||||||||||||
935 | Hilton Hotels, Term Loan B |
3.966% | 1-Month LIBOR | 1.750% | 10/25/23 | BBB | 939,839 | |||||||||||||||||||||||
497 | Las Vegas Sands Corporation, Term Loan B |
3.992% | 1-Month LIBOR | 1.750% | 3/27/25 | BBB | 497,629 | |||||||||||||||||||||||
500 | Marriott Ownership Resorts, Term Loan B |
4.492% | 1-Month LIBOR | 2.250% | 8/29/25 | BBB | 505,000 | |||||||||||||||||||||||
731 | MGM Growth Properties, Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 4/25/25 | BB+ | 733,020 | |||||||||||||||||||||||
777 | Seaworld Parks and Entertainment, Inc., Term Loan B5 |
5.242% | 1-Month LIBOR | 3.000% | 4/01/24 | B | 776,969 | |||||||||||||||||||||||
490 | YUM Brands, Term Loan B |
3.915% | 1-Month LIBOR | 1.750% | 4/03/25 | BBB | 491,290 | |||||||||||||||||||||||
7,457 | Total Hotels, Restaurants & Leisure |
|
7,481,820 | |||||||||||||||||||||||||||
Household Products 0.6% | ||||||||||||||||||||||||||||||
706 | Revlon Consumer Products Corporation, Term Loan B, First Lien |
5.813% | 3-Month LIBOR | 3.500% | 11/16/20 | CCC+ | 540,461 | |||||||||||||||||||||||
628 | Serta Simmons Holdings LLC, Term Loan, First Lien |
5.610% | 1-Month LIBOR | 3.500% | 11/08/23 | B | 570,051 |
12
Principal Amount (000) |
Description (1) | Coupon (9) | Reference Rate (9) |
Spread (9) | Maturity (10) | Ratings (6) | Value | |||||||||||||||||||||||
Household Products (continued) | ||||||||||||||||||||||||||||||
$ | 340 | Spectrum Brands, Inc., Refinanced Term Loan |
4.349% | 3-Month LIBOR | 2.000% | 6/23/22 | BB | $ | 342,045 | |||||||||||||||||||||
1,674 | Total Household Products |
1,452,557 | ||||||||||||||||||||||||||||
Independent Power & Renewable Electricity Producers 0.2% | ||||||||||||||||||||||||||||||
497 | NRG Energy, Inc., Term Loan B |
4.136% | 3-Month LIBOR | 1.750% | 6/30/23 | BBB | 498,545 | |||||||||||||||||||||||
Industrial Conglomerates 0.2% | ||||||||||||||||||||||||||||||
446 | Brand Energy & Infrastructure Services, Inc., Term Loan B, First Lien |
6.596% | 3-Month LIBOR | 4.250% | 6/16/24 | B | 448,942 | |||||||||||||||||||||||
Interactive Media & Services 0.2% | ||||||||||||||||||||||||||||||
377 | Rackspace Hosting, Inc., Refinancing Term B Loan, First Lien |
5.348% | 3-Month LIBOR | 3.000% | 11/03/23 | BB | 372,881 | |||||||||||||||||||||||
Internet and Direct Marketing Retail 0.2% | ||||||||||||||||||||||||||||||
499 | Uber Technologies, Inc., Term Loan |
6.120% | 1-Month LIBOR | 4.000% | 4/04/25 | N/R | 502,725 | |||||||||||||||||||||||
Internet Software & Services 0.4% | ||||||||||||||||||||||||||||||
489 | Ancestry.com, Inc., Term Loan, First Lien |
5.500% | 1-Month LIBOR | 3.250% | 10/19/23 | B | 491,502 | |||||||||||||||||||||||
499 | GTT Communications, Inc., Term Loan, First Lien |
4.990% | 1-Month LIBOR | 2.750% | 6/02/25 | B | 495,391 | |||||||||||||||||||||||
988 | Total Internet Software & Services |
986,893 | ||||||||||||||||||||||||||||
IT Services 1.9% | ||||||||||||||||||||||||||||||
803 | First Data Corporation, Term Loan, First Lien |
4.212% | 1-Month LIBOR | 2.000% | 7/10/22 | BB | 804,969 | |||||||||||||||||||||||
412 | First Data Corporation, Term Loan, First Lien |
4.212% | 1-Month LIBOR | 2.000% | 4/26/24 | BB | 413,285 | |||||||||||||||||||||||
366 | Gartner, Inc., Term Loan A |
3.992% | 1-Month LIBOR | 1.750% | 3/21/22 | BB+ | 368,733 | |||||||||||||||||||||||
978 | Leidos Holdings, Inc., Term Loan B |
4.000% | 1-Month LIBOR | 1.750% | 8/22/25 | BBB | 982,787 | |||||||||||||||||||||||
494 | Tempo Acquisition LLC, Term Loan B |
5.242% | 1-Month LIBOR | 3.000% | 5/01/24 | B | 496,263 | |||||||||||||||||||||||
386 | Vantiv LLC, Repriced Term Loan B3 |
3.884% | 1-Month LIBOR | 1.750% | 10/14/23 | BBB | 387,305 | |||||||||||||||||||||||
497 | Vantiv LLC, Repriced Term Loan B4 |
3.884% | 1-Month LIBOR | 1.750% | 8/09/24 | BBB | 498,938 | |||||||||||||||||||||||
489 | WEX, Inc., Term Loan B |
4.492% | 1-Month LIBOR | 2.250% | 7/01/23 | BB | 491,262 | |||||||||||||||||||||||
4,425 | Total IT Services |
4,443,542 | ||||||||||||||||||||||||||||
Leisure Products 0.5% | ||||||||||||||||||||||||||||||
1,023 | 24 Hour Fitness Worldwide, Inc., Term Loan B |
5.742% | 1-Month LIBOR | 3.500% | 5/30/25 | B+ | 1,031,733 | |||||||||||||||||||||||
91 | Academy, Ltd., Term Loan B |
6.104% | 1-Month LIBOR | 4.000% | 7/01/22 | CCC+ | 70,747 | |||||||||||||||||||||||
1,114 | Total Leisure Products |
1,102,480 | ||||||||||||||||||||||||||||
Life Sciences Tools & Services 0.3% | ||||||||||||||||||||||||||||||
305 | Inventiv Health, Inc., Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 8/01/24 | BB | 305,583 | |||||||||||||||||||||||
499 | Quintiles Transnational, Dollar Term Loan B3 |
4.136% | 3-Month LIBOR | 1.750% | 6/11/25 | BBB | 499,166 | |||||||||||||||||||||||
804 | Total Life Sciences Tools & Services |
804,749 | ||||||||||||||||||||||||||||
Machinery 0.2% | ||||||||||||||||||||||||||||||
286 | Gates Global LLC, Term Loan B |
4.992% | 1-Month LIBOR | 2.750% | 4/01/24 | B+ | 288,396 | |||||||||||||||||||||||
205 | Rexnord LLC/ RBS Global, Inc., Term Loan, First Lien |
4.242% | 1-Month LIBOR | 2.000% | 8/21/24 | BB+ | 206,399 | |||||||||||||||||||||||
491 | Total Machinery |
494,795 | ||||||||||||||||||||||||||||
Marine 0.1% | ||||||||||||||||||||||||||||||
112 | Harvey Gulf International Marine, Inc., Exit Term Loan |
8.508% | 6-Month LIBOR | 6.000% | 7/02/23 | B | 112,673 | |||||||||||||||||||||||
Media 3.4% | ||||||||||||||||||||||||||||||
981 | Cequel Communications LLC, Term Loan B |
4.492% | 1-Month LIBOR | 2.250% | 7/28/25 | BB | 982,382 | |||||||||||||||||||||||
950 | Charter Communications Operating Holdings LLC, Term Loan B |
4.250% | 1-Month LIBOR | 2.000% | 4/30/25 | BBB | 952,804 | |||||||||||||||||||||||
249 | Cineworld Group PLC, Term Loan B |
4.742% | 1-Month LIBOR | 2.500% | 2/28/25 | BB | 248,750 |
13
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (9) | Reference Rate (9) |
Spread (9) | Maturity (10) | Ratings (6) | Value | |||||||||||||||||||||||
Media (continued) | ||||||||||||||||||||||||||||||
$ | 92 | Clear Channel Communications, Inc., Term Loan E, (8) |
9.797% | N/A | N/A | 7/30/19 | N/R | $ | 69,412 | |||||||||||||||||||||
748 | Clear Channel Communications, Inc., Tranche D, Term Loan, (8) |
8.992% | N/A | N/A | 1/30/19 | N/R | 563,733 | |||||||||||||||||||||||
810 | Cumulus Media, Inc., Exit Term Loan |
6.750% | 1-Month LIBOR | 4.500% | 5/13/22 | B | 802,299 | |||||||||||||||||||||||
277 | Gray Television, Inc., Term Loan B2 |
4.354% | 1-Month LIBOR | 2.250% | 2/07/24 | BB | 277,563 | |||||||||||||||||||||||
591 | Meredith, Term Loan B |
5.242% | 1-Month LIBOR | 3.000% | 1/31/25 | BB | 595,195 | |||||||||||||||||||||||
83 | Nexstar Broadcasting Group, Term Loan |
4.604% | 1-Month LIBOR | 2.500% | 1/17/24 | BB+ | 83,780 | |||||||||||||||||||||||
594 | Nexstar Broadcasting Group, Term Loan B |
4.604% | 1-Month LIBOR | 2.500% | 1/17/24 | BB+ | 597,208 | |||||||||||||||||||||||
500 | Numericable Group S.A., Term Loan B13 |
6.158% | 1-Month LIBOR | 4.000% | 8/14/26 | B | 497,142 | |||||||||||||||||||||||
497 | Sinclair Television Group, Term Loan B2 |
4.500% | 1-Month LIBOR | 2.250% | 1/31/24 | BB+ | 499,749 | |||||||||||||||||||||||
479 | Springer Science & Business Media, Inc., Term Loan B13, First Lien |
5.886% | 3-Month LIBOR | 3.500% | 8/15/22 | B | 481,997 | |||||||||||||||||||||||
1,388 | Univision Communications, Inc., Term Loan C5 |
4.992% | 1-Month LIBOR | 2.750% | 3/15/24 | BB | 1,352,657 | |||||||||||||||||||||||
8,239 | Total Media |
8,004,671 | ||||||||||||||||||||||||||||
Multiline Retail 0.1% | ||||||||||||||||||||||||||||||
249 | EG America LLC, Term Loan, First Lien |
6.386% | 3-Month LIBOR | 4.000% | 2/07/25 | B | 249,567 | |||||||||||||||||||||||
Oil, Gas & Consumable Fuels 0.4% | ||||||||||||||||||||||||||||||
208 | Fieldwood Energy LLC, Exit Term Loan |
7.492% | 1-Month LIBOR | 5.250% | 4/11/22 | B+ | 209,847 | |||||||||||||||||||||||
281 | Fieldwood Energy LLC, Exit Term Loan, second Lien |
9.492% | 1-Month LIBOR | 7.250% | 4/11/23 | B+ | 273,877 | |||||||||||||||||||||||
384 | Seadrill Partners LLC, Initial Term Loan |
8.386% | 3-Month LIBOR | 6.000% | 2/21/21 | CCC+ | 365,325 | |||||||||||||||||||||||
9 | Southcross Holdings Borrower L.P., Term Loan B, First Lien, (cash 3.500%, PIK 5.500%) |
3.500% | N/A | N/A | 4/13/23 | CCC | 8,749 | |||||||||||||||||||||||
882 | Total Oil, Gas & Consumable Fuels |
857,798 | ||||||||||||||||||||||||||||
Pharmaceuticals 0.2% | ||||||||||||||||||||||||||||||
523 | Valeant Pharmaceuticals International, Inc., Term Loan, First Lien |
5.104% | 1-Month LIBOR | 3.000% | 6/02/25 | BB | 526,559 | |||||||||||||||||||||||
Professional Services 0.8% | ||||||||||||||||||||||||||||||
1,037 | Formula One Group, Term Loan B |
4.742% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 1,030,229 | |||||||||||||||||||||||
246 | Nielsen Finance LLC, Term Loan B4 |
4.133% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB | 245,698 | |||||||||||||||||||||||
479 | On Assignment, Inc., Term Loan B |
4.242% | 1-Month LIBOR | 2.000% | 4/02/25 | BB | 480,953 | |||||||||||||||||||||||
1,762 | Total Professional Services |
1,756,880 | ||||||||||||||||||||||||||||
Real Estate Management & Development 0.6% | ||||||||||||||||||||||||||||||
440 | Capital Automotive LP, Term Loan, First Lien |
4.750% | 1-Month LIBOR | 2.500% | 3/25/24 | B | 441,501 | |||||||||||||||||||||||
950 | GGP, Term Loan B |
4.742% | 1-Month LIBOR | 2.500% | 8/27/25 | BB+ | 946,932 | |||||||||||||||||||||||
1,390 | Total Real Estate Management & Development |
|
1,388,433 | |||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment 0.3% | ||||||||||||||||||||||||||||||
276 | MaxLinear, Inc., Term Loan B |
4.658% | 1-Month LIBOR | 2.500% | 5/13/24 | BB | 276,473 | |||||||||||||||||||||||
455 | Microchip Technology., Inc., Term Loan B |
4.250% | 1-Month LIBOR | 2.000% | 5/29/25 | BB+ | 456,306 | |||||||||||||||||||||||
731 | Total Semiconductors & Semiconductor Equipment |
|
732,779 | |||||||||||||||||||||||||||
Software 2.7% | ||||||||||||||||||||||||||||||
472 | BMC Software, Inc., Term Loan B, (WI/DD) |
TBD | TBD | TBD | TBD | B | 476,809 | |||||||||||||||||||||||
719 | Ellucian, Term Loan B, First Lien |
5.636% | 3-Month LIBOR | 3.250% | 9/30/22 | B | 723,019 | |||||||||||||||||||||||
491 | Greeneden U.S. Holdings II LLC, Term Loan B |
5.742% | 1-Month LIBOR | 3.500% | 12/01/23 | B | 494,493 | |||||||||||||||||||||||
607 | Infor (US), Inc., Term Loan B |
4.992% | 3-Month LIBOR | 2.750% | 2/01/22 | B | 609,511 | |||||||||||||||||||||||
493 | Kronos Incorporated, Term Loan B |
5.343% | 3-Month LIBOR | 3.000% | 11/20/23 | B | 495,583 | |||||||||||||||||||||||
288 | McAfee LLC, Term Loan |
6.742% | 1-Month LIBOR | 4.500% | 9/30/24 | B | 291,206 | |||||||||||||||||||||||
128 | Micro Focus International PLC, New Term Loan |
4.742% | 1-Month LIBOR | 2.500% | 6/21/24 | BB | 128,147 | |||||||||||||||||||||||
867 | Micro Focus International PLC, Term Loan B |
4.742% | 1-Month LIBOR | 2.500% | 6/21/24 | BB | 865,406 | |||||||||||||||||||||||
1,019 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B3 |
4.492% | 1-Month LIBOR | 2.250% | 4/16/25 | BB | 1,021,599 |
14
Principal Amount (000) |
Description (1) | Coupon (9) | Reference Rate (9) |
Spread (9) | Maturity (10) | Ratings (6) | Value | |||||||||||||||||||||||
Software (continued) | ||||||||||||||||||||||||||||||
$ | 396 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B4 |
4.492% | 1-Month LIBOR | 2.250% | 4/16/25 | BB | $ | 396,550 | |||||||||||||||||||||
911 | Tibco Software, Inc., Term Loan, First Lien |
5.750% | 1-Month LIBOR | 3.500% | 12/04/20 | B | 916,194 | |||||||||||||||||||||||
6,391 | Total Software |
6,418,517 | ||||||||||||||||||||||||||||
Specialty Retail 0.6% | ||||||||||||||||||||||||||||||
992 | Belron Finance US LLC, Initial Term Loan B |
4.843% | 3-Month LIBOR | 2.500% | 11/07/24 | BB | 999,323 | |||||||||||||||||||||||
460 | Petco Animal Supplies, Inc., Term Loan B1 |
5.592% | 3-Month LIBOR | 3.250% | 1/26/23 | B2 | 374,275 | |||||||||||||||||||||||
147 | Petsmart Inc., Term Loan B, First Lien |
5.120% | 1-Month LIBOR | 3.000% | 3/11/22 | B3 | 128,308 | |||||||||||||||||||||||
1,599 | Total Specialty Retail |
1,501,906 | ||||||||||||||||||||||||||||
Technology Hardware, Storage & Peripherals 0.9% | ||||||||||||||||||||||||||||||
738 | Dell International LLC, Refinancing Term Loan B |
4.250% | 1-Month LIBOR | 2.000% | 9/07/23 | BBB | 740,322 | |||||||||||||||||||||||
340 | Dell International LLC, Replacement Term Loan A3 |
3.750% | 1-Month LIBOR | 1.500% | 12/31/18 | BBB | 341,072 | |||||||||||||||||||||||
1,061 | Western Digital, Term Loan B |
3.992% | 1-Month LIBOR | 1.750% | 4/29/23 | BBB | 1,063,964 | |||||||||||||||||||||||
2,139 | Total Technology Hardware, Storage & Peripherals |
|
2,145,358 | |||||||||||||||||||||||||||
Textiles, Apparel & Luxury Goods 0.4% | ||||||||||||||||||||||||||||||
992 | Hanesbrands, Term Loan B |
3.992% | 1-Month LIBOR | 1.750% | 12/16/24 | BBB | 999,328 | |||||||||||||||||||||||
Trading Companies & Distributors 0.2% | ||||||||||||||||||||||||||||||
571 | HD Supply Waterworks, Ltd., Term Loan B |
5.317% | 3-Month LIBOR | 3.000% | 8/01/24 | B+ | 573,541 | |||||||||||||||||||||||
Transportation Infrastructure 0.4% | ||||||||||||||||||||||||||||||
877 | Avolon LLC, Term Loan B |
4.165% | 1-Month LIBOR | 2.000% | 1/15/25 | BBB | 880,911 | |||||||||||||||||||||||
Wireless Telecommunication Services 0.8% | ||||||||||||||||||||||||||||||
985 | Sprint Corporation, Term Loan, First Lien |
4.750% | 1-Month LIBOR | 2.500% | 2/02/24 | BB | 988,694 | |||||||||||||||||||||||
767 | UPC Financing Partnership, Term Loan AR1, First Lien |
4.658% | 1-Month LIBOR | 2.500% | 1/15/26 | BB | 766,939 | |||||||||||||||||||||||
1,752 | Total Wireless Telecommunication Services |
|
1,755,633 | |||||||||||||||||||||||||||
$ | 77,410 | Total Variable Rate Senior Loan Interests (cost $77,204,461) |
|
76,753,596 | ||||||||||||||||||||||||||
Shares | Description (1) | Coupon | Issue Price | Cap Price | Maturity | Value | ||||||||||||||||||||||||
STRUCTURED NOTES 0.8% (0.5% of Total Investments) | ||||||||||||||||||||||||||||||
3,000 | Goldman Sachs Finance Corp., Mandatory Exchangeable Notes, Linked to Common Stock of Coherent, Inc. (Cap 120.50% of Issue Price), 144A |
10.000% | $ 168.2340 | $ | 202.7220 | 11/21/18 | $ | 513,307 | ||||||||||||||||||||||
2,430 | Merrill Lynch International & Co. C.V., Mandatory Exchangeable Note, Linked to Common Stock of Broadcom Inc. (Cap 113.00% of Issue Price), 144A |
10.000% | $ 209.2547 | $ | 236.4578 | 1/23/19 | 559,629 | |||||||||||||||||||||||
17,200 | Merrill Lynch International & Co. C.V., Mandatory Exchangeable Note, Linked to Common Stock of EQT Corporation (Cap 114.20% of Issue Price), 144A |
8.000% | $ 55.0950 | $ | 62.9180 | 12/27/18 | 773,484 | |||||||||||||||||||||||
Total Structured Notes (cost $1,934,100) |
1,846,420 | |||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED 0.3% (0.2% of Total Investments) |
|
|||||||||||||||||||||||||||||
Food Products 0.3% | ||||||||||||||||||||||||||||||
$ | 630 | Land O Lakes Incorporated, 144A |
8.000% | N/A (10) | BB | $ | 683,550 | |||||||||||||||||||||||
$ | 630 | Total $1,000 Par (or similar) Institutional Preferred (cost $630,000) |
|
683,550 |
15
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
Shares | Description (1) | Coupon | Ratings (6) | Value | ||||||||||||||||||||||||||
$25 PAR (OR SIMILAR) RETAIL PREFERRED 0.2% (0.2% of Total Investments) |
|
|||||||||||||||||||||||||||||
Consumer Finance 0.2% | ||||||||||||||||||||||||||||||
21,440 | GMAC Capital Trust I |
8.097% | B+ | $ | 563,872 | |||||||||||||||||||||||||
Total $25 Par (or similar) Retail Preferred (cost $532,784) |
|
563,872 | ||||||||||||||||||||||||||||
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
COMMON STOCK RIGHTS 0.1% (0.1% of Total Investments) |
|
|||||||||||||||||||||||||||||
Industrials 0.0% | ||||||||||||||||||||||||||||||
1,176 | HGIM Corp, (2) |
$ | 63,504 | |||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels 0.1% | ||||||||||||||||||||||||||||||
388 | Fieldwood Energy LLC, (2), (3) |
19,788 | ||||||||||||||||||||||||||||
1,923 | Fieldwood Energy LLC, (3), (4) |
84,974 | ||||||||||||||||||||||||||||
Total Oil, Gas & Consumable Fuels |
104,762 | |||||||||||||||||||||||||||||
Total Common Stock Rights (cost $101,914) |
168,266 | |||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
CORPORATE BONDS 0.0% (0.0% of Total Investments) |
|
|||||||||||||||||||||||||||||
Media 0.0% | ||||||||||||||||||||||||||||||
$ | 132 | iHeartCommunications, Inc., (8) |
9.000% | 12/15/19 | CC | $ | 99,330 | |||||||||||||||||||||||
$ | 132 | Total Corporate Bonds (cost $123,006) |
99,330 | |||||||||||||||||||||||||||
Total Long-Term Investments (cost $303,458,207) |
|
328,233,541 | ||||||||||||||||||||||||||||
Principal Amount (000)/ Shares |
Description (1) | Coupon | Maturity | Value | ||||||||||||||||||||||||||
SHORT-TERM INVESTMENTS 5.5% (3.8% of Total Investments) |
|
|||||||||||||||||||||||||||||
REPURCHASE AGREEMENTS 4.9% (3.4% of Total Investments) | ||||||||||||||||||||||||||||||
$ | 11,509 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/28/18, repurchase price $11,509,622, collateralized by $10,870,000 U.S. Treasury Bonds, 3.625%, due 2/15/44, value $11,747,274 |
1.050% | 10/01/18 | $ | 11,508,615 | ||||||||||||||||||||||||
INVESTMENT COMPANIES 0.6% (0.4% of Total Investments) | ||||||||||||||||||||||||||||||
1,403,651 | BlackRock Liquidity Funds T-Fund Portfolio, (12) |
2.031% (13) | N/A | 1,403,651 | ||||||||||||||||||||||||||
Total Short-Term Investments (cost $12,912,266) |
|
12,912,266 | ||||||||||||||||||||||||||||
Total Investments (cost $316,370,473) 145.7% |
|
341,145,807 | ||||||||||||||||||||||||||||
Borrowings (45.7)% (14), (15) |
(106,900,000 | ) | ||||||||||||||||||||||||||||
Other Assets Less Liabilities (0.0)% (16) |
(109,382 | ) | ||||||||||||||||||||||||||||
Net Assets Applicable to Common Shares 100% |
|
$ | 234,136,425 |
16
Investments in Derivatives
Forward Foreign Currency Contracts
Currency Purchased | Notional Amount (Local Currency) |
Currency Sold | Notional Amount (Local Currency) |
Counterparty | Settlement Date |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
Turkish Lira |
1,305,000 | U.S. Dollar | 202,117 | Barclays Bank PLC | 12/19/18 | $ | 3,505 | |||||||||||||||||
Mexican Peso |
4,010,000 | U.S. Dollar | 208,336 | BNP Paribas SA | 12/19/18 | 3,373 | ||||||||||||||||||
Czech Koruna |
4,590,000 | U.S. Dollar | 211,161 | Goldman Sachs | 12/19/18 | (3,391 | ) | |||||||||||||||||
South African Rand |
2,860,000 | U.S. Dollar | 197,928 | Goldman Sachs | 12/19/18 | 2,243 | ||||||||||||||||||
U.S. Dollar |
217,172 | South African Rand | 3,316,000 | Goldman Sachs | 12/19/18 | (14,914 | ) | |||||||||||||||||
Polish Zloty |
171,000 | U.S. Dollar | 46,102 | HSBC Bank | 12/19/18 | 371 | ||||||||||||||||||
Brazilian Real |
409,000 | U.S. Dollar | 97,404 | JPMorgan Chase Bank N.A. | 12/04/18 | 3,363 | ||||||||||||||||||
Brazilian Real |
40,000 | U.S. Dollar | 9,516 | JPMorgan Chase Bank N.A. | 12/04/18 | 339 | ||||||||||||||||||
Brazilian Real |
224,000 | U.S. Dollar | 54,491 | JPMorgan Chase Bank N.A. | 12/04/18 | 698 | ||||||||||||||||||
Brazilian Real |
74,000 | U.S. Dollar | 17,654 | JPMorgan Chase Bank N.A. | 12/04/18 | 577 | ||||||||||||||||||
Brazilian Real |
112,000 | U.S. Dollar | 27,160 | JPMorgan Chase Bank N.A. | 12/04/18 | 434 | ||||||||||||||||||
Brazilian Real |
709,000 | U.S. Dollar | 170,576 | JPMorgan Chase Bank N.A. | 12/04/18 | 4,104 | ||||||||||||||||||
Chilean Peso |
141,300,000 | U.S. Dollar | 212,673 | JPMorgan Chase Bank N.A. | 12/19/18 | 2,325 | ||||||||||||||||||
Colombian Peso |
633,700,000 | U.S. Dollar | 210,812 | JPMorgan Chase Bank N.A. | 12/19/18 | 2,741 | ||||||||||||||||||
Egyptian Pound |
8,420,000 | U.S. Dollar | 438,999 | JPMorgan Chase Bank N.A. | 1/08/19 | 18,441 | ||||||||||||||||||
Peruvian Sol |
712,000 | U.S. Dollar | 213,698 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,165 | ||||||||||||||||||
Philippine Piso |
11,470,000 | U.S. Dollar | 209,689 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,158 | ||||||||||||||||||
Polish Zloty |
604,000 | U.S. Dollar | 162,830 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,319 | ||||||||||||||||||
Russian Ruble |
2,776,000 | U.S. Dollar | 40,461 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,580 | ||||||||||||||||||
Russian Ruble |
3,265,000 | U.S. Dollar | 47,565 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,881 | ||||||||||||||||||
Russian Ruble |
5,225,000 | U.S. Dollar | 76,100 | JPMorgan Chase Bank N.A. | 12/19/18 | 3,029 | ||||||||||||||||||
Russian Ruble |
1,796,000 | U.S. Dollar | 26,148 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,051 | ||||||||||||||||||
Russian Ruble |
3,265,000 | U.S. Dollar | 47,574 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,872 | ||||||||||||||||||
Russian Ruble |
13,890,000 | U.S. Dollar | 209,203 | JPMorgan Chase Bank N.A. | 12/19/18 | 1,150 | ||||||||||||||||||
U.S. Dollar |
375,173 | Brazilian Real | 1,568,000 | JPMorgan Chase Bank N.A. | 12/04/18 | (11,144 | ) | |||||||||||||||||
U.S. Dollar |
232,823 | Russian Ruble | 16,327,000 | JPMorgan Chase Bank N.A. | 12/19/18 | (14,436 | ) | |||||||||||||||||
U.S. Dollar |
246,684 | Egyptian Pound | 4,650,000 | JPMorgan Chase Bank N.A. | 1/08/19 | (5,940 | ) | |||||||||||||||||
U.S. Dollar |
4,025,861 | Euro | 3,451,000 | State Street Bank and Trust | 12/19/18 | (7,186 | ) | |||||||||||||||||
U.S. Dollar |
25,698 | Euro | 22,000 | UBS AG | 12/19/18 | (13 | ) | |||||||||||||||||
Total |
$ | (305 | ) |
Futures Contracts
Description | Contract Position |
Number of Contracts |
Expiration Date |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
Variation Margin Receivable/ (Payable) |
|||||||||||||||||||||
Eurex Euro-Bobl |
Short | (4 | ) | 12/18 | $ | (611,322 | ) | $ | (606,996 | ) | $ | 4,326 | $ | (1,533 | ) | |||||||||||||
Eurex Euro-Bund |
Short | (13 | ) | 12/18 | (2,429,063 | ) | (2,396,722 | ) | 32,341 | (11,018 | ) | |||||||||||||||||
Eurex Euro-Buxl |
Short | (2 | ) | 12/18 | (411,311 | ) | (404,789 | ) | 6,522 | (3,483 | ) | |||||||||||||||||
Total |
$ | (3,451,696 | ) | $ | (3,408,507 | ) | $ | 43,189 | $ | (16,034 | ) |
Interest Rate Swaps OTC Uncleared
Counterparty | Notional Amount |
Fund Pay/Receive Floating Rate |
Floating Rate Index | Fixed Rate (Annualized) |
Fixed Rate Payment Frequency |
Effective Date (17) |
Optional Termination Date |
Maturity Date |
Value | Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||||||||||
JPMorgan Chase Bank N.A. |
$ | 56,200,000 | Receive | 1-Month LIBOR | 1.969 | % | Monthly | 6/01/18 | 7/01/25 | 7/01/27 | $ | 3,115,078 | $ | 3,115,078 |
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
17
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
independent of the reporting entity. Unobservable inputs reflect the reporting entitys 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 managements 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 Funds fair value measurements as of the end the reporting period:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Long-Term Investments: |
||||||||||||||||
Common Stocks |
$ | 48,378,344 | $ | 39,969,295 | $ | 22,917 | $ | 88,370,556 | ||||||||
Real Estate Investment Trust (REIT) Common Stocks |
81,967,469 | | | 81,967,469 | ||||||||||||
Emerging Market Debt and Foreign Corporate Bonds |
| 77,780,482 | | 77,780,482 | ||||||||||||
Variable Rate Senior Loan Interests |
| 76,753,596 | | 76,753,596 | ||||||||||||
Structured Notes |
| 1,846,420 | | 1,846,420 | ||||||||||||
$1,000 Par (or similar) Institutional Preferred |
| 683,550 | | 683,550 | ||||||||||||
$25 Par (or similar) Retail Preferred |
563,872 | | | 563,872 | ||||||||||||
Common Stock Rights |
| 83,292 | 84,974 | 168,266 | ||||||||||||
Corporate Bonds |
| 99,330 | | 99,330 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
| 11,508,615 | | 11,508,615 | ||||||||||||
Investment Companies |
1,403,651 | | | 1,403,651 | ||||||||||||
Investments in Derivatives: |
||||||||||||||||
Forward Foreign Currency Contracts* |
| (305 | ) | | (305 | ) | ||||||||||
Futures Contracts* |
43,189 | | | 43,189 | ||||||||||||
Interest Rate Swaps* |
| 3,115,078 | | 3,115,078 | ||||||||||||
Total |
$ | 132,356,525 | $ | 211,839,353 | $ | 107,891 | $ | 344,303,769 |
* | Represents net unrealized appreciation (depreciation). |
The table below presents the transfers in and out of the three valuation levels for the following Funds as of the end of the current fiscal period when compared to the valuation levels as of the end of the previous fiscal year. Changes in valuation inputs or methodologies may result in transfers into or out of an assigned level within the fair value hierarchy. Transfers in or out of levels are generally due to the availability of publicly available information and to the significance or extent the Adviser determines that the valuation inputs or methodologies may impact the valuation of those securities.
Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Transfers In | (Transfers Out) | Transfers In | (Transfers Out) | Transfers In | (Transfers Out) | |||||||||||||||||||
Common Stocks |
$ | 3,867,116 | $ | (5,611,070 | ) | $ | 5,611,070 | $ | (3,867,116 | ) | $ | | $ | |
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 recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions. 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.
18
The tables below present the cost and unrealized appreciation (depreciation) of the Funds investment portfolio, as determined on a federal income tax basis, as of September 30, 2018.
For purposes of this disclosure, derivative tax cost is generally the sum of any upfront fees or premiums exchanged and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting. If a particular derivative category does not disclose any tax unrealized appreciation or depreciation, the change in value of those derivatives have generally been fully realized for tax purposes.
Tax cost of investments |
$ | 318,987,151 | ||
Gross unrealized: |
||||
Appreciation |
$ | 34,309,135 | ||
Depreciation |
(12,150,479 | ) | ||
Net unrealized appreciation (depreciation) of investments |
$ | 22,158,656 |
Tax cost of forwards contracts |
$ (305) | |||
Net unrealized appreciation (depreciation) of forwards contracts |
|
Tax cost of futures contracts |
$ 43,189 | |||
Net unrealized appreciation (depreciation) of futures contracts |
|
Tax cost of swaps |
$ | |||
Net unrealized appreciation (depreciation) of swaps |
3,115,078 |
19
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments September 30, 2018 | ||
(Unaudited) |
For Fund portfolio compliance purposes, the Funds 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 fair value measurement disclosure purposes, investment classified as Level 2. |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. |
(5) | Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted. |
(6) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poors Group (Standard & Poors), Moodys Investors Service, Inc. (Moodys) 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 & Poors, Baa by Moodys 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. |
(7) | Step-up coupon bond, a bond with a coupon that increases (step up), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. |
(8) | 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 Funds Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Funds records. |
(9) | 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. |
(10) | 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. |
(11) | Perpetual security. Maturity date is not applicable. |
(12) | A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at the http://www.sec.gov. |
(13) | The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period. |
(14) | Borrowings as a percentage of Total Investments is 31.3%. |
(15) | The Fund segregates 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives) in the Portfolio of Investments as collateral for borrowings. |
(16) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (OTC) derivatives as well as the unrealized appreciation (depreciation) of OTC-cleared and exchange-traded derivatives, when applicable. |
(17) | Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract. |
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. |
ADR | American Depositary Receipt. |
LIBOR | London Interbank Offered Rate |
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. |
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. |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
EUR | Euro |
IDR | Indonesian Rupiah |
ZAR | South African Rand |
See accompanying notes to financial statements.
20
Item 2. Controls and Procedures.
a. | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants 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 registrants 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 registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants 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 Diversified Dividend and Income Fund | |||
By (Signature and Title) | /s/ Gifford R. Zimmerman | |||
Gifford R. Zimmerman | ||||
Vice President and Secretary |
Date: November 29, 2018
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: November 29, 2018 | ||||
By (Signature and Title) | /s/ Stephen D. Foy | |||
Stephen D. Foy | ||||
Vice President and Controller (principal financial officer) | ||||
Date: November 29, 2018 |