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, 2017
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments
JDD
Nuveen Diversified Dividend and Income Fund | ||
Portfolio of Investments |
September 30, 2017 (Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||
LONG-TERM INVESTMENTS 142.2% (97.4% of Total Investments) |
|
|||||||||||||||||||||
COMMON STOCKS 36.8% (25.1% of Total Investments) |
||||||||||||||||||||||
Air Freight & Logistics 1.0% | ||||||||||||||||||||||
55,500 | Deutsche Post AG, (2) |
$ | 2,473,873 | |||||||||||||||||||
Airlines 0.3% |
||||||||||||||||||||||
15,700 | Delta Air Lines, Inc. |
757,054 | ||||||||||||||||||||
Automobiles 0.6% | ||||||||||||||||||||||
18,600 | Daimler AG, (2) |
1,484,746 | ||||||||||||||||||||
Banks 6.7% |
||||||||||||||||||||||
541,000 | Allied Irish Banks |
3,251,390 | ||||||||||||||||||||
178,000 | Bank of Ireland Group PLC, (3) |
1,456,870 | ||||||||||||||||||||
48,100 | CIT Group Inc. |
2,359,305 | ||||||||||||||||||||
44,300 | Citigroup Inc. |
3,222,382 | ||||||||||||||||||||
123,500 | ING Groep N.V, Sponsored ADR |
2,274,870 | ||||||||||||||||||||
18,500 | JPMorgan Chase & Co. |
1,766,935 | ||||||||||||||||||||
744,700 | Unicaja Banco SA, (2), (3) |
1,145,691 | ||||||||||||||||||||
43,000 | The Bank of NT Butterfield and Son Limited |
1,575,520 | ||||||||||||||||||||
Total Banks |
17,052,963 | |||||||||||||||||||||
Biotechnology 0.3% | ||||||||||||||||||||||
10,000 | Gilead Sciences, Inc. |
810,200 | ||||||||||||||||||||
Building Products 0.5% | ||||||||||||||||||||||
32,500 | Johnson Controls International PLC |
1,309,425 | ||||||||||||||||||||
Capital Markets 2.3% | ||||||||||||||||||||||
73,900 | Ares Capital Corporation |
1,211,221 | ||||||||||||||||||||
22,500 | Aurelius AG |
1,479,621 | ||||||||||||||||||||
134,000 | Deutsche Boerse AG, ADR, (2) |
1,455,240 | ||||||||||||||||||||
106,000 | UBS Group AG, (2) |
1,813,339 | ||||||||||||||||||||
Total Capital Markets |
5,959,421 | |||||||||||||||||||||
Chemicals 1.6% | ||||||||||||||||||||||
133,000 | CVR Partners LP |
429,590 | ||||||||||||||||||||
52,200 | DowDuPont, Inc. |
3,613,806 | ||||||||||||||||||||
Total Chemicals |
4,043,396 | |||||||||||||||||||||
Communications Equipment 0.5% |
||||||||||||||||||||||
34,000 | Cisco Systems, Inc. |
1,143,420 | ||||||||||||||||||||
Diversified Financial Services 0.5% | ||||||||||||||||||||||
140,000 | Challenger Limited, (2) |
1,372,317 | ||||||||||||||||||||
Diversified Telecommunication Services 1.6% | ||||||||||||||||||||||
50,900 | Nippon Telegraph and Telephone Corporation, ADR, (2) |
2,327,148 | ||||||||||||||||||||
104,500 | Telefonica Brasil SA |
1,665,256 | ||||||||||||||||||||
Total Diversified Telecommunication Services |
3,992,404 | |||||||||||||||||||||
Electric Utilities 0.4% |
||||||||||||||||||||||
31,800 | FirstEnergy Corp. |
980,394 | ||||||||||||||||||||
Electrical Equipment 0.4% | ||||||||||||||||||||||
13,000 | Eaton PLC |
998,270 |
NUVEEN | 1 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||
Energy Equipment & Services 0.0% | ||||||||||||||||||||||
3,347 | Ocean Rig UDW Inc., (3) |
$ | 79,558 | |||||||||||||||||||
Food & Staples Retailing 0.5% | ||||||||||||||||||||||
15,200 | CVS Health Corporation |
1,236,064 | ||||||||||||||||||||
Food Products 0.8% | ||||||||||||||||||||||
192,000 | Orkla ASA, Sponsored ADR, (2) |
1,956,480 | ||||||||||||||||||||
Health Care Equipment & Supplies 0.6% | ||||||||||||||||||||||
37,500 | Philips Electronics |
1,545,000 | ||||||||||||||||||||
Health Care Providers & Services 0.0% | ||||||||||||||||||||||
6,594 | Millenium Health LLC, (3) |
4,121 | ||||||||||||||||||||
Household Durables 0.7% | ||||||||||||||||||||||
98,000 | Sekisui House, Ltd., (2) |
1,651,860 | ||||||||||||||||||||
Industrial Conglomerates 0.7% | ||||||||||||||||||||||
29,700 | General Electric Company |
718,146 | ||||||||||||||||||||
7,800 | Siemens AG, Sponsored ADR, (2) |
1,100,653 | ||||||||||||||||||||
Total Industrial Conglomerates |
1,818,799 | |||||||||||||||||||||
Insurance 3.7% | ||||||||||||||||||||||
44,300 | Ageas, (2) |
2,083,593 | ||||||||||||||||||||
8,100 | Allianz AG ORD Shares, (2) |
1,819,153 | ||||||||||||||||||||
24,500 | CNA Financial Corporation |
1,231,125 | ||||||||||||||||||||
40,000 | NN Group NV, (2) |
1,675,055 | ||||||||||||||||||||
10,800 | RenaissanceRe Holdings, Limited |
1,459,512 | ||||||||||||||||||||
24,200 | Unum Group |
1,237,346 | ||||||||||||||||||||
Total Insurance |
9,505,784 | |||||||||||||||||||||
Media 0.7% | ||||||||||||||||||||||
478,669 | Hibu PLC, (3), (4) |
| ||||||||||||||||||||
2,099 | Metro-Goldwyn-Mayer, (3) |
200,849 | ||||||||||||||||||||
75,500 | National CineMedia, Inc. |
526,990 | ||||||||||||||||||||
3,184 | Tribune Media Company, (4) |
| ||||||||||||||||||||
34,500 | Viacom Inc., Class B |
960,480 | ||||||||||||||||||||
Total Media |
1,688,319 | |||||||||||||||||||||
Multi-Utilities 1.3% | ||||||||||||||||||||||
142,200 | Veolia Environment S.A., ADR, (2) |
3,285,954 | ||||||||||||||||||||
Oil, Gas & Consumable Fuels 2.0% | ||||||||||||||||||||||
11,600 | Chevron Corporation |
1,363,000 | ||||||||||||||||||||
89,100 | Enterprise Products Partnership LP |
2,322,837 | ||||||||||||||||||||
9 | Southcross Holdings Borrower LP, (3) |
5,850 | ||||||||||||||||||||
24,800 | Total SA, Sponsored ADR |
1,327,296 | ||||||||||||||||||||
Total Oil, Gas & Consumable Fuels |
5,018,983 | |||||||||||||||||||||
Pharmaceuticals 3.0% | ||||||||||||||||||||||
34,800 | AstraZeneca PLC, Sponsored ADR |
1,179,024 | ||||||||||||||||||||
81,500 | GlaxoSmithKline PLC, Sponsored ADR |
3,308,900 | ||||||||||||||||||||
48,000 | Roche Holdings AG, Sponsored ADR, (2) |
1,536,000 | ||||||||||||||||||||
29,000 | Takeda Chemical Industries, (2) |
1,603,581 | ||||||||||||||||||||
Total Pharmaceuticals |
7,627,505 | |||||||||||||||||||||
Real Estate Management & Development 0.6% | ||||||||||||||||||||||
895,600 | Sino Land Company Limited, (2) |
1,578,931 |
2 | NUVEEN |
Shares | Description (1) | Value | ||||||||||||||||||||
Road & Rail 0.6% | ||||||||||||||||||||||
12,500 | Union Pacific Corporation |
$ | 1,449,625 | |||||||||||||||||||
Semiconductors & Semiconductor Equipment 1.3% | ||||||||||||||||||||||
109,000 | Cypress Semiconductor Corporation |
1,637,180 | ||||||||||||||||||||
63,500 | Infineon Technologies AG, (2) |
1,600,988 | ||||||||||||||||||||
Total Semiconductors & Semiconductor Equipment |
3,238,168 | |||||||||||||||||||||
Software 2.1% | ||||||||||||||||||||||
20,000 | Microsoft Corporation |
1,489,800 | ||||||||||||||||||||
80,200 | Oracle Corporation |
3,877,670 | ||||||||||||||||||||
Total Software |
5,367,470 | |||||||||||||||||||||
Specialty Retail 0.4% | ||||||||||||||||||||||
246,000 | Kingfisher plc, (2) |
984,906 | ||||||||||||||||||||
Tobacco 1.1% | ||||||||||||||||||||||
67,100 | Imperial Brands PLC, Sponsored ADR, (2) |
2,903,417 | ||||||||||||||||||||
Total Common Stocks (cost $77,514,642) |
93,318,827 | |||||||||||||||||||||
Shares | Description (1) | Value | ||||||||||||||||||||
REAL ESTATE INVESTMENT TRUST (REIT) COMMON STOCKS 35.7% (24.5% of Total Investments) |
| |||||||||||||||||||||
Diversified 1.5% | ||||||||||||||||||||||
120,700 | Colony Northstar, Inc. |
$ | 1,515,992 | |||||||||||||||||||
58,575 | Liberty Property Trust |
2,405,090 | ||||||||||||||||||||
Total Diversified |
3,921,082 | |||||||||||||||||||||
Health Care 3.3% | ||||||||||||||||||||||
82,525 | HCP, Inc. |
2,296,671 | ||||||||||||||||||||
62,560 | Senior Housing Properties Trust |
1,223,048 | ||||||||||||||||||||
21,225 | Ventas Inc. |
1,382,384 | ||||||||||||||||||||
48,890 | Welltower Inc. |
3,435,988 | ||||||||||||||||||||
Total Health Care |
8,338,091 | |||||||||||||||||||||
Hotels, Restaurants & Leisure 1.8% | ||||||||||||||||||||||
118,467 | Host Hotels & Resorts Inc. |
2,190,455 | ||||||||||||||||||||
27,625 | LaSalle Hotel Properties |
801,678 | ||||||||||||||||||||
20,231 | Park Hotels & Resorts, Inc. |
557,566 | ||||||||||||||||||||
30,150 | Pebblebrook Hotel Trust |
1,089,621 | ||||||||||||||||||||
Total Hotels, Restaurants & Leisure |
4,639,320 | |||||||||||||||||||||
Industrial 2.1% | ||||||||||||||||||||||
83,448 | Prologis Inc. |
5,295,610 | ||||||||||||||||||||
Office 4.7% | ||||||||||||||||||||||
20,275 | Alexandria Real Estate Equities Inc. |
2,412,117 | ||||||||||||||||||||
18,250 | Boston Properties, Inc. |
2,242,560 | ||||||||||||||||||||
54,500 | Douglas Emmett Inc. |
2,148,390 | ||||||||||||||||||||
58,025 | Hudson Pacific Properties Inc. |
1,945,578 | ||||||||||||||||||||
40,400 | Vornado Realty Trust |
3,105,952 | ||||||||||||||||||||
Total Office |
11,854,597 | |||||||||||||||||||||
Residential 6.2% | ||||||||||||||||||||||
89,775 | American Homes 4 Rents, Class A |
1,949,015 | ||||||||||||||||||||
49,825 | Apartment Investment & Management Company, Class A |
2,185,325 | ||||||||||||||||||||
21,050 | AvalonBay Communities, Inc. |
3,755,741 | ||||||||||||||||||||
58,075 | Equity Residential |
3,828,885 | ||||||||||||||||||||
7,600 | Essex Property Trust Inc. |
1,930,628 | ||||||||||||||||||||
52,525 | UDR Inc. |
1,997,526 | ||||||||||||||||||||
Total Residential |
15,647,120 |
NUVEEN | 3 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Retail 8.2% | ||||||||||||||||||||||||||||||
166,375 | DDR Corp. |
$ | 1,523,995 | |||||||||||||||||||||||||||
7,850 | Federal Realty Investment Trust |
975,049 | ||||||||||||||||||||||||||||
58,275 | Kimco Realty Corporation |
1,139,276 | ||||||||||||||||||||||||||||
65,325 | Kite Realty Group Trust |
1,322,831 | ||||||||||||||||||||||||||||
62,566 | Macerich Company |
3,439,253 | ||||||||||||||||||||||||||||
26,250 | Regency Centers Corporation |
1,628,550 | ||||||||||||||||||||||||||||
42,360 | Simon Property Group, Inc. |
6,820,383 | ||||||||||||||||||||||||||||
19,775 | Taubman Centers Inc. |
982,818 | ||||||||||||||||||||||||||||
98,550 | Weingarten Realty Trust |
3,127,977 | ||||||||||||||||||||||||||||
Total Retail |
20,960,132 | |||||||||||||||||||||||||||||
Specialized 7.9% | ||||||||||||||||||||||||||||||
16,325 | Coresite Realty Corporation |
1,826,768 | ||||||||||||||||||||||||||||
67,500 | CubeSmart |
1,752,300 | ||||||||||||||||||||||||||||
18,550 | CyrusOne Inc. |
1,093,152 | ||||||||||||||||||||||||||||
11,075 | Digital Realty Trust Inc. |
1,310,505 | ||||||||||||||||||||||||||||
8,950 | Equinix Inc. |
3,994,385 | ||||||||||||||||||||||||||||
29,600 | Extra Space Storage Inc. |
2,365,632 | ||||||||||||||||||||||||||||
52,700 | Life Storage, Inc. |
4,311,385 | ||||||||||||||||||||||||||||
15,949 | Public Storage, Inc. |
3,412,927 | ||||||||||||||||||||||||||||
Total Specialized |
20,067,054 | |||||||||||||||||||||||||||||
Total Real Estate Investment Trust (REIT) Common Stocks (cost $71,533,043) |
|
90,723,006 | ||||||||||||||||||||||||||||
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||||||||||||||||||||||||
CONVERTIBLE PREFERRED SECURITIES 0.3% (0.2% of Total Investments) |
|
|||||||||||||||||||||||||||||
Pharmaceuticals 0.3% | ||||||||||||||||||||||||||||||
2,020 | Teva Pharmaceutical Industries Limited, (2) |
7.000% | N/R | $ | 699,526 | |||||||||||||||||||||||||
Total Convertible Preferred Securities (cost $1,802,164) |
|
699,526 | ||||||||||||||||||||||||||||
Shares | Description (1) | Coupon | Ratings (5) | Value | ||||||||||||||||||||||||||
$25 PAR (OR SIMILAR) RETAIL PREFERRED 0.3% (0.2% of Total Investments) |
|
|||||||||||||||||||||||||||||
Consumer Finance 0.3% | ||||||||||||||||||||||||||||||
27,000 | GMAC Capital Trust I |
5.785% | B+ | $ | 712,800 | |||||||||||||||||||||||||
Total $25 Par (or similar) Retail Preferred (cost $671,550) |
|
712,800 | ||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Ratings (5) | Value | |||||||||||||||||||||||||
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED 0.5% (0.3% of Total Investments) |
| |||||||||||||||||||||||||||||
Banks 0.2% | ||||||||||||||||||||||||||||||
$ | 530 | Citigroup Inc. |
5.950% | N/A (6) | BB+ | $ | 558,488 | |||||||||||||||||||||||
Food Products 0.3% | ||||||||||||||||||||||||||||||
630 | Land O Lakes Incorporated, 144A |
8.000% | N/A (6) | BB | 700,875 | |||||||||||||||||||||||||
$ | 1,160 | Total $1,000 Par (or similar) Institutional Preferred (cost $1,151,700) |
|
1,259,363 | ||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon (7) | Reference Rate (7) |
Spread (7) | Maturity (8) | Ratings (5) | Value | |||||||||||||||||||||||
VARIABLE RATE SENIOR LOAN INTERESTS 31.6% (21.7% of Total Investments) (7) |
| |||||||||||||||||||||||||||||
Aerospace & Defense 0.6% | ||||||||||||||||||||||||||||||
$ | 993 | Leidos Holdings, Inc., Term Loan B |
3.250% | LIBOR | 2.000% | 8/16/23 | BBB | $ | 999,949 | |||||||||||||||||||||
494 | Transdigm, Inc., Extend Term Loan F |
4.235% | LIBOR | 3.000% | 6/07/23 | Ba2 | 495,648 | |||||||||||||||||||||||
1,487 | Total Aerospace & Defense |
1,495,597 |
4 | NUVEEN |
Principal Amount (000) |
Description (1) | Coupon (7) | Reference Rate (7) |
Spread (7) | Maturity (8) | Ratings (5) | Value | |||||||||||||||||||||||
Airlines 1.2% | ||||||||||||||||||||||||||||||
$ | 480 | American Airlines, Inc., Replacement Term Loan |
3.237% | LIBOR | 2.000% | 6/27/20 | BB+ | $ | 480,996 | |||||||||||||||||||||
1,980 | American Airlines, Inc., Term Loan B |
3.735% | LIBOR | 2.000% | 4/28/23 | BB+ | 1,988,485 | |||||||||||||||||||||||
476 | Delta Air Lines, Inc., Term Loan B1 |
3.737% | LIBOR | 2.500% | 10/18/18 | Baa2 | 478,757 | |||||||||||||||||||||||
2,936 | Total Airlines |
2,948,238 | ||||||||||||||||||||||||||||
Automobiles 0.7% | ||||||||||||||||||||||||||||||
576 | Chrysler Group LLC, Term Loan |
3.240% | LIBOR | 2.000% | 12/31/18 | BBB | 578,040 | |||||||||||||||||||||||
1,180 | Formula One Group, Term Loan B |
4.235% | LIBOR | 3.000% | 2/01/24 | N/R | 1,188,677 | |||||||||||||||||||||||
1,756 | Total Automobiles |
1,766,717 | ||||||||||||||||||||||||||||
Building Products 0.4% | ||||||||||||||||||||||||||||||
992 | Quikrete Holdings, Inc., Term Loan B |
3.985% | LIBOR | 2.750% | 11/15/23 | N/R | 993,626 | |||||||||||||||||||||||
Capital Markets 0.2% | ||||||||||||||||||||||||||||||
496 | RPI Finance Trust, Term Loan B6 |
3.333% | LIBOR | 2.000% | 3/27/23 | Baa2 | 497,914 | |||||||||||||||||||||||
Chemicals 0.6% | ||||||||||||||||||||||||||||||
668 | Axalta Coating Systems, Term Loan, First Lien |
3.333% | LIBOR | 2.000% | 6/01/24 | BBB | 672,373 | |||||||||||||||||||||||
199 | Mineral Technologies, Inc., Term Loan B2 |
4.750% | N/A | N/A | 5/07/21 | BB+ | 202,611 | |||||||||||||||||||||||
771 | Univar, Inc., Term Loan B |
3.985% | LIBOR | 2.750% | 7/01/22 | BB | 775,113 | |||||||||||||||||||||||
1,638 | Total Chemicals |
1,650,097 | ||||||||||||||||||||||||||||
Commercial Services & Supplies 0.7% | ||||||||||||||||||||||||||||||
737 | ADS Waste Holdings, Inc., Term Loan B, First Lien |
3.947% | LIBOR | 2.750% | 11/10/23 | BB | 742,745 | |||||||||||||||||||||||
988 | West Corporation, Refinanced Term Loan B12 |
3.735% | LIBOR | 2.500% | 6/17/23 | BB | 989,130 | |||||||||||||||||||||||
1,725 | Total Commercial Services & Supplies |
1,731,875 | ||||||||||||||||||||||||||||
Communications Equipment 0.1% | ||||||||||||||||||||||||||||||
232 | CommScope, Inc., Term Loan B |
3.235% | LIBOR | 2.000% | 12/29/22 | Baa3 | 233,207 | |||||||||||||||||||||||
Consumer Finance 0.5% | ||||||||||||||||||||||||||||||
426 | First Data Corporation, Term Loan B |
3.737% | LIBOR | 2.500% | 4/26/24 | BB+ | 427,586 | |||||||||||||||||||||||
916 | First Data Corporation, Term Loan, First Lien |
3.487% | LIBOR | 2.250% | 7/10/22 | BB+ | 918,739 | |||||||||||||||||||||||
1,342 | Total Consumer Finance |
1,346,325 | ||||||||||||||||||||||||||||
Containers & Packaging 0.6% | ||||||||||||||||||||||||||||||
372 | Berry Global, Inc., Term Loan M |
3.485% | LIBOR | 2.250% | 10/01/22 | BB | 373,404 | |||||||||||||||||||||||
1,264 | Reynolds Group Holdings, Inc., Term Loan, First Lien |
3.985% | LIBOR | 2.750% | 2/05/23 | B+ | 1,270,072 | |||||||||||||||||||||||
1,636 | Total Containers & Packaging |
1,643,476 | ||||||||||||||||||||||||||||
Diversified Consumer Services 0.4% | ||||||||||||||||||||||||||||||
1,077 | Hilton Hotels Corporation, Term Loan B2 |
3.237% | LIBOR | 2.000% | 10/25/23 | BBB | 1,082,243 | |||||||||||||||||||||||
Diversified Financial Services 0.5% | ||||||||||||||||||||||||||||||
739 | MGM Growth Properties, Term Loan B |
3.485% | LIBOR | 2.250% | 4/25/23 | N/R | 741,893 | |||||||||||||||||||||||
413 | Veritas US, Inc., Term Loan B1 |
3.982% | LIBOR | 2.750% | 1/27/23 | B+ | 417,158 | |||||||||||||||||||||||
1,152 | Total Diversified Financial Services |
1,159,051 | ||||||||||||||||||||||||||||
Diversified Telecommunication Services 2.3% | ||||||||||||||||||||||||||||||
1,224 | CenturyLink, Inc., Term Loan B |
2.750% | LIBOR | 2.750% | 1/31/25 | BBB | 1,188,520 | |||||||||||||||||||||||
774 | Frontier Communications Corporation, Term Loan B |
4.990% | LIBOR | 3.750% | 1/14/20 | BB+ | 736,831 | |||||||||||||||||||||||
496 | Greeneden U.S. Holdings II LLC, Term Loan B |
5.083% | LIBOR | 3.750% | 12/01/23 | B | 500,422 | |||||||||||||||||||||||
1,022 | Intelsat Jackson Holdings, S.A., Tranche B2, Term Loan |
4.071% | LIBOR | 2.750% | 6/30/19 | B1 | 1,020,130 | |||||||||||||||||||||||
245 | Level 3 Financing, Inc., Tranche B, Term Loan |
3.486% | LIBOR | 2.250% | 2/22/24 | BBB | 244,840 | |||||||||||||||||||||||
968 | SBA Communication, Incremental Tranche B1, Term Loan |
3.490% | LIBOR | 2.250% | 3/24/21 | N/R | 971,612 |
NUVEEN | 5 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (7) | Reference Rate (7) |
Spread (7) | Maturity (8) | Ratings (5) | Value | |||||||||||||||||||||||
Diversified Telecommunication Services (continued) | ||||||||||||||||||||||||||||||
$ | 264 | WideOpenWest Finance LLC, Term Loan B |
4.484% | LIBOR | 3.250% | 8/18/23 | B | $ | 263,568 | |||||||||||||||||||||
1,000 | Ziggo B.V., Term Loan E |
3.734% | LIBOR | 2.500% | 4/15/25 | BB+ | 1,000,315 | |||||||||||||||||||||||
5,993 | Total Diversified Telecommunication Services |
5,926,238 | ||||||||||||||||||||||||||||
Electric Utilities 0.6% | ||||||||||||||||||||||||||||||
582 | Energy Future Intermediate Holding Company, DIP Term Loan |
4.235% | LIBOR | 3.000% | 6/30/18 | N/R | 585,822 | |||||||||||||||||||||||
808 | Vistra Operations Co., Term Loan B |
3.984% | LIBOR | 2.750% | 8/04/23 | BB+ | 810,793 | |||||||||||||||||||||||
186 | Vistra Operations Co., Term Loan C |
3.982% | LIBOR | 2.750% | 8/04/23 | BB+ | 186,315 | |||||||||||||||||||||||
1,576 | Total Electric Utilities |
1,582,930 | ||||||||||||||||||||||||||||
Electrical Equipment 0.3% | ||||||||||||||||||||||||||||||
696 | Zebra Technologies Corporation, Term Loan B |
3.314% | LIBOR | 2.000% | 10/24/21 | BB | 698,282 | |||||||||||||||||||||||
Energy Equipment & Services 0.0% | ||||||||||||||||||||||||||||||
19 | Drill Rigs Holdings, Inc., Restructure Term Loan |
0.000% | N/A | N/A | 9/20/24 | N/R | 19,509 | |||||||||||||||||||||||
Equity Real Estate Investment Trusts 0.5% | ||||||||||||||||||||||||||||||
566 | Communications Sales & Leasing, Inc., Shortfall Term Loan, (DD1) |
4.235% | LIBOR | 3.000% | 10/24/22 | BB+ | 524,488 | |||||||||||||||||||||||
773 | Walter Investment Management Corporation, Tranche B, Term Loan, First Lien |
4.985% | LIBOR | 3.750% | 12/18/20 | Caa2 | 711,860 | |||||||||||||||||||||||
1,339 | Total Equity Real Estate Investment Trusts |
1,236,348 | ||||||||||||||||||||||||||||
Food & Staples Retailing 1.0% | ||||||||||||||||||||||||||||||
1,630 | Albertsons LLC, Term Loan B4, (DD1) |
3.985% | LIBOR | 2.750% | 8/25/21 | BB | 1,575,207 | |||||||||||||||||||||||
1,000 | Rite Aid Corporation, Tranche 2, Term Loan, Second Lien |
5.115% | LIBOR | 3.875% | 6/21/21 | BB | 1,006,250 | |||||||||||||||||||||||
2,630 | Total Food & Staples Retailing |
2,581,457 | ||||||||||||||||||||||||||||
Food Products 1.1% | ||||||||||||||||||||||||||||||
573 | Jacobs Douwe Egberts, Term Loan B |
3.563% | LIBOR | 2.250% | 7/02/22 | BB | 576,627 | |||||||||||||||||||||||
2,311 | US Foods, Inc., New Term Loan B |
3.985% | LIBOR | 3.000% | 6/27/23 | BB | 2,327,320 | |||||||||||||||||||||||
2,884 | Total Food Products |
2,903,947 | ||||||||||||||||||||||||||||
Health Care Equipment & Supplies 0.4% | ||||||||||||||||||||||||||||||
443 | Acelity, Term Loan B |
4.583% | LIBOR | 3.250% | 2/02/24 | B1 | 442,159 | |||||||||||||||||||||||
124 | Alere, Inc., Term Loan B |
4.490% | LIBOR | 3.250% | 6/20/22 | BB | 123,922 | |||||||||||||||||||||||
402 | ConvaTec, Inc., Term Loan B |
3.583% | LIBOR | 2.500% | 10/25/23 | BB | 404,106 | |||||||||||||||||||||||
969 | Total Health Care Equipment & Supplies |
970,187 | ||||||||||||||||||||||||||||
Health Care Providers & Services 2.0% | ||||||||||||||||||||||||||||||
973 | Acadia Healthcare, Inc., Term Loan B1 |
3.985% | LIBOR | 2.750% | 2/11/22 | N/R | 980,402 | |||||||||||||||||||||||
250 | Air Medical Group Holdings, Inc., Term Loan B, (WI/DD) |
TBD | TBD | TBD | TBD | B1 | 250,235 | |||||||||||||||||||||||
266 | Community Health Systems, Inc., Term Loan G |
4.067% | LIBOR | 2.750% | 12/31/19 | BB | 264,688 | |||||||||||||||||||||||
350 | Community Health Systems, Inc., Term Loan H |
4.317% | 1/27/21 | BB | 348,591 | |||||||||||||||||||||||||
804 | DaVita HealthCare Partners, Inc., Tranche B, |
3.985% | LIBOR | 2.750% | 6/24/21 | BBB | 810,742 | |||||||||||||||||||||||
842 | Envision Healthcare Corporation, Term Loan B, First Lien |
4.240% | LIBOR | 3.000% | 12/01/23 | BB | 845,488 | |||||||||||||||||||||||
56 | HCA, Inc., Term Loan B9 |
3.235% | LIBOR | 2.000% | 3/18/23 | BBB | 56,493 | |||||||||||||||||||||||
999 | HCA, Inc., Tranche B8, Term Loan |
3.485% | LIBOR | 2.250% | 2/15/24 | BBB | 1,005,412 | |||||||||||||||||||||||
330 | Millennium Laboratories, Inc., Term Loan B, |
7.735% | LIBOR | 6.500% | 12/21/20 | CCC+ | 168,370 | |||||||||||||||||||||||
250 | PharMerica, Term Loan, First Lien, (WI/DD) |
TBD | TBD | TBD | TBD | B1 | 251,796 | |||||||||||||||||||||||
5,120 | Total Health Care Providers & Services |
4,982,217 |
6 | NUVEEN |
Principal Amount (000) |
Description (1) | Coupon (7) | Reference Rate (7) |
Spread (7) | Maturity (8) | Ratings (5) | Value | |||||||||||||||||||||||
Health Care Technology 0.4% | ||||||||||||||||||||||||||||||
$ | 995 | Emdeon, Inc., Term Loan |
3.985% | LIBOR | 2.750% | 3/01/24 | Ba3 | $ | 998,796 | |||||||||||||||||||||
Hotels, Restaurants & Leisure 1.8% | ||||||||||||||||||||||||||||||
1,774 | Burger King Corporation, Term Loan B3 |
3.583% | LIBOR | 2.250% | 2/16/24 | Ba3 | 1,773,521 | |||||||||||||||||||||||
500 | Caesars Entertainment Operating Company, Inc., Term Loan B, (WI/DD) |
TBD | TBD | TBD | TBD | BB | 501,043 | |||||||||||||||||||||||
1,790 | Seaworld Parks and Entertainment, Inc., Term Loan B5 |
4.333% | LIBOR | 3.000% | 4/01/24 | B | 1,738,524 | |||||||||||||||||||||||
495 | YUM Brands, New Term Loan B |
3.234% | LIBOR | 2.000% | 6/16/23 | BBB | 497,797 | |||||||||||||||||||||||
4,559 | Total Hotels, Restaurants & Leisure |
4,510,885 | ||||||||||||||||||||||||||||
Household Products 0.6% | ||||||||||||||||||||||||||||||
542 | Revlon Consumer Products Corporation, |
4.080% | LIBOR | 2.750% | 11/16/20 | B1 | 487,230 | |||||||||||||||||||||||
634 | Serta Simmons Holdings LLC, Term Loan, First Lien |
4.799% | LIBOR | 3.500% | 11/08/23 | B1 | 617,108 | |||||||||||||||||||||||
343 | Spectrum Brands, Inc, Refinanced Term Loan |
3.314% | LIBOR | 2.000% | 6/23/22 | BBB | 345,706 | |||||||||||||||||||||||
1,519 | Total Household Products |
1,450,044 | ||||||||||||||||||||||||||||
Independent Power & Renewable Electricity Producers 0.0% | ||||||||||||||||||||||||||||||
135 | Dynegy, Inc., Tranche Term Loan C1 |
4.485% | LIBOR | 3.250% | 2/07/24 | BB | 135,627 | |||||||||||||||||||||||
Industrial Conglomerates 0.2% | ||||||||||||||||||||||||||||||
451 | Brand Energy & Infrastructure Services, Inc., Term Loan B, First Lien |
5.564% | LIBOR | 4.250% | 6/16/24 | B | 452,869 | |||||||||||||||||||||||
Internet and Direct Marketing Retail 0.2% | ||||||||||||||||||||||||||||||
465 | Travelport LLC, Term Loan B |
4.061% | LIBOR | 2.750% | 8/31/21 | N/R | 465,181 | |||||||||||||||||||||||
Internet Software & Services 0.4% | ||||||||||||||||||||||||||||||
495 | Ancestry.com, Inc., Term Loan, First Lien |
4.490% | LIBOR | 3.250% | 10/19/23 | B1 | 499,178 | |||||||||||||||||||||||
498 | Rackspace Hosting, Inc., Term Loan B |
4.311% | LIBOR | 3.000% | 11/03/23 | Ba2 | 497,565 | |||||||||||||||||||||||
993 | Total Internet Software & Services |
996,743 | ||||||||||||||||||||||||||||
IT Services 1.0% | ||||||||||||||||||||||||||||||
386 | Gartner, Inc., Term Loan A |
3.235% | LIBOR | 2.000% | 3/21/22 | N/R | 388,423 | |||||||||||||||||||||||
249 | Gartner, Inc., Term Loan B |
3.235% | LIBOR | 2.000% | 4/05/24 | BB+ | 251,082 | |||||||||||||||||||||||
499 | Tempo Acquisition LLC, Term Loan B |
4.235% | LIBOR | 3.000% | 5/01/24 | B1 | 499,583 | |||||||||||||||||||||||
476 | Vantiv, Inc., Term Loan B |
3.237% | LIBOR | 2.000% | 10/06/23 | N/R | 476,658 | |||||||||||||||||||||||
390 | Vantiv, Inc., Term Loan B, (WI/DD) |
TBD | TBD | TBD | TBD | Ba2 | 391,322 | |||||||||||||||||||||||
110 | Vantiv, Inc., Term Loan B1, (WI/DD) |
TBD | TBD | TBD | TBD | BBB | 109,696 | |||||||||||||||||||||||
494 | WEX, Inc., Term Loan B |
3.985% | LIBOR | 2.750% | 7/01/23 | BB | 499,665 | |||||||||||||||||||||||
2,604 | Total IT Services |
2,616,429 | ||||||||||||||||||||||||||||
Leisure Products 0.5% | ||||||||||||||||||||||||||||||
1,031 | 24 Hour Fitness Worldwide, Inc., Term Loan B |
5.046% | LIBOR | 3.750% | 5/28/21 | Ba3 | 1,030,029 | |||||||||||||||||||||||
194 | Academy, Ltd., Term Loan B |
5.314% | LIBOR | 4.000% | 7/02/22 | B3 | 132,204 | |||||||||||||||||||||||
1,225 | Total Leisure Products |
1,162,233 | ||||||||||||||||||||||||||||
Life Sciences Tools & Services 0.1% | ||||||||||||||||||||||||||||||
390 | Inventiv Health, Inc., Term Loan B |
3.485% | LIBOR | 2.250% | 8/01/24 | Ba2 | 391,582 | |||||||||||||||||||||||
Machinery 0.3% |
||||||||||||||||||||||||||||||
289 | Gates Global LLC, Initial Dollar Term Loan B1 |
4.583% | LIBOR | 3.250% | 4/01/24 | B+ | 290,794 | |||||||||||||||||||||||
409 | Rexnord LLC, Term Loan B, First Lien |
4.063% | LIBOR | 2.750% | 8/21/23 | BB | 410,807 | |||||||||||||||||||||||
698 | Total Machinery |
701,601 | ||||||||||||||||||||||||||||
Media 3.2% | ||||||||||||||||||||||||||||||
991 | Cequel Communications LLC, Term Loan B |
3.485% | LIBOR | 2.250% | 7/28/25 | BB | 988,241 | |||||||||||||||||||||||
958 | Charter Communications Operating Holdings LLC, Term Loan E |
3.240% | LIBOR | 2.000% | 7/01/20 | BBB | 961,837 |
NUVEEN | 7 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (7) | Reference Rate (7) |
Spread (7) | Maturity (8) | Ratings (5) | Value | |||||||||||||||||||||||
Media (continued) | ||||||||||||||||||||||||||||||
$ | 748 | Clear Channel Communications, Inc., Tranche D, Term Loan |
8.083% | LIBOR | 6.750% | 1/30/19 | Caa1 | $ | 580,693 | |||||||||||||||||||||
92 | Clear Channel Communications, Inc., Term Loan E |
8.833% | LIBOR | 7.500% | 7/30/19 | Caa1 | 71,570 | |||||||||||||||||||||||
1,079 | Cumulus Media, Inc., Term Loan B |
4.490% | LIBOR | 3.250% | 12/23/20 | Caa1 | 904,660 | |||||||||||||||||||||||
385 | Emerald Expositions Holdings, Inc., Term Loan B |
4.333% | LIBOR | 3.000% | 5/17/24 | BB | 387,700 | |||||||||||||||||||||||
296 | Gray Television, Inc., Term Loan B2 |
3.737% | LIBOR | 2.500% | 2/07/24 | BB | 297,921 | |||||||||||||||||||||||
231 | Lions Gate Entertainment Corporation, Term Loan B |
4.235% | LIBOR | 3.000% | 12/08/23 | Ba2 | 233,369 | |||||||||||||||||||||||
84 | Nexstar Broadcasting Group, Term Loan |
3.737% | LIBOR | 2.500% | 1/17/24 | BB+ | 84,483 | |||||||||||||||||||||||
672 | Nexstar Broadcasting Group, Term Loan B |
3.737% | LIBOR | 2.500% | 1/17/24 | BB | 674,669 | |||||||||||||||||||||||
488 | Springer Science & Business Media, Inc., |
4.735% | LIBOR | 3.550% | 8/14/20 | B | 490,419 | |||||||||||||||||||||||
1,492 | Univision Communications, Inc., Term Loan C5 |
3.985% | LIBOR | 2.750% | 3/15/24 | BB | 1,480,636 | |||||||||||||||||||||||
500 | Virgin Media Investment Holdings, Limited Term Loan I |
3.984% | LIBOR | 2.750% | 1/31/25 | BB | 502,345 | |||||||||||||||||||||||
129 | Yell Group PLC, PIK Term Loan B2, First Lien |
8.500% | LIBOR | 8.500% | 9/07/65 | N/R | 314,284 | |||||||||||||||||||||||
133 | Yell Group PLC, Term Loan A2, First Lien |
8.309% | LIBOR | 7.000% | 9/07/21 | N/R | 138,056 | |||||||||||||||||||||||
8,278 | Total Media |
8,110,883 | ||||||||||||||||||||||||||||
Multiline Retail 0.3% |
||||||||||||||||||||||||||||||
740 | Dollar Tree, Inc., Term Loan B2 |
4.250% | N/A | N/A | 7/06/22 | BBB | 751,563 | |||||||||||||||||||||||
Oil, Gas & Consumable Fuels 0.3% | ||||||||||||||||||||||||||||||
208 | Fieldwood Energy LLC, Term Loan, First Lien |
8.333% | LIBOR | 7.000% | 8/31/20 | B | 184,715 | |||||||||||||||||||||||
134 | Fieldwood Energy LLC, Term Loan, Second Lien |
8.458% | LIBOR | 7.125% | 9/30/20 | CCC | 55,906 | |||||||||||||||||||||||
358 | Fieldwood Energy LLC, Term Loan, Second Lien |
8.458% | LIBOR | 7.125% | 9/30/20 | B | 250,625 | |||||||||||||||||||||||
189 | Harvey Gulf International Marine, Inc., Term Loan B, (9) |
0.000% | LIBOR | 4.500% | 6/18/20 | CCC | 66,805 | |||||||||||||||||||||||
301 | Seadrill Partners LLC, Initial Term Loan |
4.333% | LIBOR | 3.000% | 2/21/21 | CCC+ | 221,684 | |||||||||||||||||||||||
9 | Southcross Holdings Borrower L.P., Term Loan
B, |
3.500% | N/A | N/A | 4/13/23 | CCC+ | 7,719 | |||||||||||||||||||||||
1,199 | Total Oil, Gas & Consumable Fuels |
787,454 | ||||||||||||||||||||||||||||
Personal Products 0.7% | ||||||||||||||||||||||||||||||
721 | Coty, Inc., Term Loan A |
2.982% | LIBOR | 1.500% | 10/27/20 | Ba1 | 716,491 | |||||||||||||||||||||||
990 | Coty, Inc., Term Loan B |
3.732% | LIBOR | 2.500% | 10/27/22 | BB+ | 987,525 | |||||||||||||||||||||||
1,711 | Total Personal Products |
1,704,016 | ||||||||||||||||||||||||||||
Pharmaceuticals 0.3% | ||||||||||||||||||||||||||||||
746 | Grifols, Inc., Term Loan B |
3.447% | LIBOR | 2.250% | 1/31/25 | BB | 748,451 | |||||||||||||||||||||||
64 | Valeant Pharmaceuticals International, Inc., Series F3, Tranche B, Term Loan |
5.990% | LIBOR | 4.750% | 4/01/22 | BB | 65,477 | |||||||||||||||||||||||
810 | Total Pharmaceuticals |
813,928 | ||||||||||||||||||||||||||||
Professional Services 0.1% | ||||||||||||||||||||||||||||||
248 | Nielsen Finance LLC, Term Loan B4 |
3.235% | LIBOR | 2.000% | 10/04/23 | BBB | 248,891 | |||||||||||||||||||||||
Real Estate Management & Development 0.2% | ||||||||||||||||||||||||||||||
445 | Capital Automotive LP, Term Loan, First Lien |
4.240% | LIBOR | 3.000% | 3/25/24 | B1 | 448,227 | |||||||||||||||||||||||
Semiconductors & Semiconductor Equipment 1.1% | ||||||||||||||||||||||||||||||
872 | Cavium, Inc., Term Loan B |
3.487% | LIBOR | 2.250% | 8/16/22 | BB | 876,273 | |||||||||||||||||||||||
679 | MaxLinear, Inc., Term Loan B |
3.737% | LIBOR | 2.500% | 4/12/24 | BB | 682,384 | |||||||||||||||||||||||
347 | Microsemi Corporation, Term Loan B |
3.553% | LIBOR | 2.250% | 1/17/23 | BB | 347,839 | |||||||||||||||||||||||
990 | Versum Materials, Inc., Term Loan B, First Lien |
3.833% | LIBOR | 2.500% | 9/29/23 | BB+ | 993,406 | |||||||||||||||||||||||
2,888 | Total Semiconductors & Semiconductor Equipment |
|
2,899,902 | |||||||||||||||||||||||||||
Software 2.3% | ||||||||||||||||||||||||||||||
474 | BMC Software, Inc., Initial Term Loan B1 |
5.235% | LIBOR | 4.000% | 9/10/22 | B+ | 477,172 | |||||||||||||||||||||||
621 | Computer Sciences Government Services, Term Loan B |
3.333% | LIBOR | 3.000% | 11/30/23 | BBB | 623,909 |
8 | NUVEEN |
Principal Amount (000) |
Description (1) | Coupon (7) | Reference Rate (7) |
Spread (7) | Maturity (8) | Ratings (5) | Value | |||||||||||||||||||||||
Software (continued) | ||||||||||||||||||||||||||||||
$ | 736 | Ellucian, Term Loan B, First Lien |
4.583% | LIBOR | 3.250% | 9/30/22 | B | $ | 736,335 | |||||||||||||||||||||
612 | Infor (US), Inc., Term Loan B |
4.083% | LIBOR | 2.750% | 2/01/22 | BB | 611,036 | |||||||||||||||||||||||
496 | Kronos Incorporated, Term Loan, First Lien |
4.812% | IBOR | 3.500% | 11/01/23 | B | 499,668 | |||||||||||||||||||||||
250 | McAfee Holdings International, Inc., Term Loan, First Lien, (WI/DD) |
TBD | TBD | TBD | TBD | B1 | 251,469 | |||||||||||||||||||||||
129 | Micro Focus International PLC, New Term Loan |
3.987% | LIBOR | 2.750% | 6/21/24 | BB | 129,397 | |||||||||||||||||||||||
871 | Micro Focus International PLC, Term Loan B |
3.987% | LIBOR | 2.750% | 6/21/24 | BB | 873,853 | |||||||||||||||||||||||
614 | SS&C Technologies, Inc./ Sunshine |
3.485% | LIBOR | 2.250% | 7/08/22 | BB+ | 617,876 | |||||||||||||||||||||||
32 | SS&C Technologies, Inc./ Sunshine |
3.485% | LIBOR | 2.250% | 7/08/22 | BB+ | 32,678 | |||||||||||||||||||||||
920 | Tibco Software, Inc., Term Loan, First Lien |
4.740% | LIBOR | 3.500% | 12/04/20 | B1 | 924,733 | |||||||||||||||||||||||
5,755 | Total Software |
5,778,126 | ||||||||||||||||||||||||||||
Specialty Retail 0.3% | ||||||||||||||||||||||||||||||
378 | Burlington Coat Factory Warehouse Corporation, Term Loan B4 |
3.990% | LIBOR | 2.750% | 8/13/21 | BB+ | 379,910 | |||||||||||||||||||||||
465 | Petco Animal Supplies, Inc., Term Loan B1 |
4.311% | LIBOR | 3.000% | 1/26/23 | B1 | 384,948 | |||||||||||||||||||||||
148 | Petsmart Inc., Term Loan B, First Lien |
4.240% | LIBOR | 3.000% | 3/11/22 | Ba3 | 125,665 | |||||||||||||||||||||||
991 | Total Specialty Retail |
890,523 | ||||||||||||||||||||||||||||
Technology Hardware, Storage & Peripherals 1.2% | ||||||||||||||||||||||||||||||
812 | Dell International LLC, New Term Loan B |
3.740% | LIBOR | 2.500% | 9/07/23 | BBB | 815,707 | |||||||||||||||||||||||
1,000 | Dell International LLC, Term Loan A3, First Lien |
3.200% | LIBOR | 2.000% | 12/31/18 | BBB | 1,001,250 | |||||||||||||||||||||||
1,286 | Western Digital, Inc., New Term Loan B |
3.985% | LIBOR | 2.750% | 4/29/23 | BBB | 1,296,171 | |||||||||||||||||||||||
3,098 | Total Technology Hardware, Storage & Peripherals |
|
3,113,128 | |||||||||||||||||||||||||||
Trading Companies & Distributors 0.6% | ||||||||||||||||||||||||||||||
884 | Avolon, Repriced Term Loan B2 |
3.986% | LIBOR | 2.750% | 4/03/22 | BB+ | 886,648 | |||||||||||||||||||||||
575 | HD Supply Waterworks, Ltd., Term Loan B |
4.455% | LIBOR | 3.000% | 8/01/24 | B+ | 576,978 | |||||||||||||||||||||||
1,459 | Total Trading Companies & Distributors |
1,463,626 | ||||||||||||||||||||||||||||
Wireless Telecommunication Services 0.8% | ||||||||||||||||||||||||||||||
1,000 | UPC Financing Partnership, Term Loan, First Lien |
3.984% | LIBOR | 2.750% | 4/15/25 | BB | 1,004,300 | |||||||||||||||||||||||
995 | Sprint Corporation, Term Loan, First Lien |
3.750% | LIBOR | 2.500% | 2/02/24 | Ba2 | 996,970 | |||||||||||||||||||||||
1,995 | Total Wireless Telecommunication Services |
|
2,001,270 | |||||||||||||||||||||||||||
$ | 81,346 | Total Variable Rate Senior Loan Interests (cost $80,954,863) |
|
80,343,008 |
NUVEEN | 9 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Principal Amount (000) |
Description (1) | Coupon | Maturity | Ratings (5) | Value | |||||||||||||||||||||||||
CORPORATE BONDS 0.0% (0.0% of Total Investments) |
|
|||||||||||||||||||||||||||||
Media 0.0% | ||||||||||||||||||||||||||||||
$ | 132 | iHeartCommunications, Inc. |
9.000% | 12/15/19 | Caa1 | $ | 100,650 | |||||||||||||||||||||||
$ | 132 | Total Corporate Bonds (cost $121,602) |
100,650 | |||||||||||||||||||||||||||
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
EMERGING MARKET DEBT AND FOREIGN CORPORATE BONDS 36.6% (25.1% of Total Investments) |
| |||||||||||||||||||||||||||||
Angola 0.1% | ||||||||||||||||||||||||||||||
$ | 250 | Republic of Angola, Reg S |
9.500% | 11/12/25 | B1 | $ | 268,265 | |||||||||||||||||||||||
Argentina 2.0% | ||||||||||||||||||||||||||||||
345 | City of Buenos Aires, Argentina, 144A |
8.950% | 2/19/21 | B | 383,882 | |||||||||||||||||||||||||
310 | City of Buenos Aires, Argentina, 144A |
7.500% | 6/01/27 | B | 343,697 | |||||||||||||||||||||||||
320 | City of Buenos Aires, Argentina, Reg S |
7.500% | 6/01/27 | B | 354,784 | |||||||||||||||||||||||||
210 | Province of Buenos Aires, 144A |
9.125% | 3/16/24 | B | 241,500 | |||||||||||||||||||||||||
220 | Province of Buenos Aires, 144A |
7.875% | 6/15/27 | B | 238,436 | |||||||||||||||||||||||||
300 | Province of Buenos Aires, Reg S |
10.875% | 1/26/21 | B | 345,000 | |||||||||||||||||||||||||
171 | Provincia de Cordoba, 144A |
7.125% | 6/10/21 | B | 183,505 | |||||||||||||||||||||||||
150 | Republic of Argentina |
6.250% | 4/22/19 | B | 157,875 | |||||||||||||||||||||||||
409 | Republic of Argentina |
6.875% | 4/22/21 | B | 445,401 | |||||||||||||||||||||||||
510 | Republic of Argentina |
7.500% | 4/22/26 | B | 572,475 | |||||||||||||||||||||||||
805 | Republic of Argentina |
6.875% | 1/26/27 | B | 869,400 | |||||||||||||||||||||||||
21 | Republic of Argentina, (9) |
8.280% | 12/31/33 | B | 23,796 | |||||||||||||||||||||||||
595 | Republic of Argentina |
2.500% | 12/31/38 | B | 422,450 | |||||||||||||||||||||||||
150 | Republic of Argentina |
7.625% | 4/22/46 | B | 166,500 | |||||||||||||||||||||||||
60 | Republic of Argentina, 144A |
7.125% | 6/28/17 | B | 59,880 | |||||||||||||||||||||||||
166 | YPF Sociedad Anonima, 144A |
8.750% | 4/04/24 | B | 190,900 | |||||||||||||||||||||||||
180 | YPF Sociedad Anonima, Reg S |
8.500% | 7/28/25 | B | 207,414 | |||||||||||||||||||||||||
Total Argentina |
5,206,895 | |||||||||||||||||||||||||||||
Azerbaijan 1.0% | ||||||||||||||||||||||||||||||
1,310 | Azerbaijan Government International Bond, Reg S |
4.750% | 3/18/24 | BB+ | 1,346,250 | |||||||||||||||||||||||||
335 | Azerbaijan State Oil Company, Reg S |
4.750% | 3/13/23 | BB+ | 335,011 | |||||||||||||||||||||||||
210 | Azerbaijan State Oil Company, Reg S |
6.950% | 3/18/30 | BB+ | 228,375 | |||||||||||||||||||||||||
400 | Southern Gas Corridor CJSC, 144A |
6.875% | 3/24/26 | BB+ | 450,000 | |||||||||||||||||||||||||
260 | Southern Gas Corridor CJSC, Reg S |
6.875% | 3/24/26 | BB+ | 292,426 | |||||||||||||||||||||||||
Total Azerbaijan |
2,652,062 | |||||||||||||||||||||||||||||
Brazil 1.1% | ||||||||||||||||||||||||||||||
256 | Brazil Nota do Tesouro Nacional |
6.000% | 8/15/50 | BB | 278,903 | |||||||||||||||||||||||||
225 | Centrais Eletricas Brasileiras S.A, Reg S |
5.750% | 10/27/21 | BB | 237,094 | |||||||||||||||||||||||||
280 | Federative Republic of Brazil |
4.250% | 1/07/25 | BB | 282,800 | |||||||||||||||||||||||||
580 | Federative Republic of Brazil |
6.000% | 4/07/26 | BB | 643,800 | |||||||||||||||||||||||||
95 | Federative Republic of Brazil |
8.250% | 1/20/34 | BB | 124,213 | |||||||||||||||||||||||||
285 | Federative Republic of Brazil |
5.000% | 1/27/45 | BB | 265,250 | |||||||||||||||||||||||||
220 | Petrobras Global Finance BV |
6.125% | 1/17/22 | BB | 236,500 | |||||||||||||||||||||||||
110 | Petrobras Global Finance BV |
8.750% | 5/23/26 | BB | 132,138 | |||||||||||||||||||||||||
150 | Petrobras Global Finance BV |
7.375% | 1/17/27 | BB | 165,150 | |||||||||||||||||||||||||
361 | Petrobras Global Finance BV, 144A |
5.999% | 1/27/28 | BB | 361,000 | |||||||||||||||||||||||||
Total Brazil |
2,726,848 | |||||||||||||||||||||||||||||
Bulgaria 0.4% | ||||||||||||||||||||||||||||||
710 | EUR | Republic of Bulgaria, Reg S |
3.125% | 3/26/35 | Baa2 | 898,574 | ||||||||||||||||||||||||
Chile 0.2% | ||||||||||||||||||||||||||||||
260 | Codelco Inc., 144A |
3.625% | 8/01/27 | A+ | 259,254 | |||||||||||||||||||||||||
200 | Empresa Nacional del Petroleo, 144A |
4.500% | 9/14/47 | A | 191,900 | |||||||||||||||||||||||||
Total Chile |
451,154 |
10 | NUVEEN |
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
China 1.1% | ||||||||||||||||||||||||||||||
$ | 470 | State Grid Overseas Investment 2016 Ltd, 144A |
2.250% | 5/04/20 | A+ | $ | 468,769 | |||||||||||||||||||||||
425 | State Grid Overseas Investment 2016 Ltd, 144A |
2.750% | 5/04/22 | A+ | 425,472 | |||||||||||||||||||||||||
430 | State Grid Overseas Investment 2016 Ltd, 144A |
3.500% | 5/04/27 | A+ | 437,027 | |||||||||||||||||||||||||
450 | Sinopec Group Overseas Development 2016 Limited, 144A |
3.500% | 5/03/26 | A+ | 455,178 | |||||||||||||||||||||||||
925 | Sinopec Group Overseas Development 2017 Limited, 144A |
3.625% | 4/12/27 | A1 | 943,194 | |||||||||||||||||||||||||
Total China |
2,729,640 | |||||||||||||||||||||||||||||
Colombia 0.6% | ||||||||||||||||||||||||||||||
260 | EcoPetrol SA |
5.875% | 9/18/23 | BBB | 288,730 | |||||||||||||||||||||||||
420,000 | COP | Republic of Colombia |
7.750% | 4/14/21 | BBB | 152,317 | ||||||||||||||||||||||||
205 | Republic of Colombia |
3.875% | 4/25/27 | BBB | 208,280 | |||||||||||||||||||||||||
175,000 | COP | Republic of Colombia |
9.850% | 6/28/27 | BBB | 74,678 | ||||||||||||||||||||||||
295 | Republic of Colombia |
10.375% | 1/28/33 | BBB | 458,356 | |||||||||||||||||||||||||
400 | Republic of Colombia |
5.000% | 6/15/45 | BBB | 411,500 | |||||||||||||||||||||||||
Total Colombia |
1,593,861 | |||||||||||||||||||||||||||||
Costa Rica 0.4% | ||||||||||||||||||||||||||||||
645 | Republic of Costa Rica, Reg S |
7.000% | 4/04/44 | Ba2 | 686,925 | |||||||||||||||||||||||||
305 | Republic of Costa Rica, Reg S |
7.158% | 3/12/45 | Ba2 | 330,163 | |||||||||||||||||||||||||
Total Costa Rica |
1,017,088 | |||||||||||||||||||||||||||||
Cote dIvoire (Ivory Coast) 1.1% | ||||||||||||||||||||||||||||||
535 | Ivory Coast Republic, 144A |
5.375% | 7/23/24 | Ba3 | 539,708 | |||||||||||||||||||||||||
390 | Ivory Coast Republic, 144A |
6.125% | 6/15/33 | Ba3 | 383,655 | |||||||||||||||||||||||||
365 | Ivory Coast Republic, Reg S |
5.375% | 7/23/24 | Ba3 | 368,212 | |||||||||||||||||||||||||
420 | Ivory Coast Republic, Reg S |
6.375% | 3/03/28 | Ba3 | 434,120 | |||||||||||||||||||||||||
820 | Ivory Coast Republic, Reg S |
5.750% | 12/31/32 | B+ | 801,269 | |||||||||||||||||||||||||
250 | Ivory Coast Republic, Reg S |
6.125% | 6/15/33 | Ba3 | 245,779 | |||||||||||||||||||||||||
Total Cote dIvoire (Ivory Coast) |
2,772,743 | |||||||||||||||||||||||||||||
Croatia 1.3% | ||||||||||||||||||||||||||||||
540 | Republic of Croatia, Reg S |
6.750% | 11/05/19 | BB | 585,067 | |||||||||||||||||||||||||
535 | Republic of Croatia, Reg S |
6.625% | 7/14/20 | BB | 589,069 | |||||||||||||||||||||||||
710 | Republic of Croatia, Reg S |
6.375% | 3/24/21 | BB | 787,472 | |||||||||||||||||||||||||
660 | Republic of Croatia, Reg S |
5.500% | 4/04/23 | BB | 732,133 | |||||||||||||||||||||||||
450 | EUR | Republic of Croatia, Reg S |
3.000% | 3/11/25 | BB | 571,693 | ||||||||||||||||||||||||
Total Croatia |
3,265,434 | |||||||||||||||||||||||||||||
Cyprus 0.1% | ||||||||||||||||||||||||||||||
300 | Novolipetsk Steel via Steel Funding DAC, 144A |
4.000% | 9/21/24 | BBB | 299,356 | |||||||||||||||||||||||||
Dominican Republic 1.5% | ||||||||||||||||||||||||||||||
165 | Dominican Republic, 144A |
6.600% | 1/28/24 | BB | 185,419 | |||||||||||||||||||||||||
550 | Dominican Republic, 144A |
5.500% | 1/27/25 | BB | 581,625 | |||||||||||||||||||||||||
239 | Dominican Republic, 144A |
6.875% | 1/29/26 | BB | 272,570 | |||||||||||||||||||||||||
285 | Dominican Republic, Reg S |
6.600% | 1/28/24 | BB | 320,269 | |||||||||||||||||||||||||
1,140 | Dominican Republic, Reg S |
5.875% | 4/18/24 | BB | 1,236,900 | |||||||||||||||||||||||||
155 | Dominican Republic, Reg S |
6.875% | 1/29/26 | BB | 176,771 | |||||||||||||||||||||||||
545 | Dominican Republic, Reg S |
7.450% | 4/30/44 | BB | 649,231 | |||||||||||||||||||||||||
290 | Dominican Republic, Reg S |
6.850% | 1/27/45 | BB | 324,438 | |||||||||||||||||||||||||
Total Dominican Republic |
3,747,223 | |||||||||||||||||||||||||||||
Ecuador 0.6% | ||||||||||||||||||||||||||||||
435 | Republic of Ecuador, 144A |
10.750% | 3/28/22 | B | 486,113 | |||||||||||||||||||||||||
786 | Republic of Ecuador, 144A |
9.650% | 12/13/26 | B | 829,230 | |||||||||||||||||||||||||
200 | Republic of Ecuador, Reg S |
7.950% | 6/20/24 | B | 197,750 | |||||||||||||||||||||||||
Total Ecuador |
1,513,093 |
NUVEEN | 11 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
Egypt 0.5% | ||||||||||||||||||||||||||||||
$ | 640 | Arab Republic of Egypt, 144A |
7.500% | 1/31/27 | B | $ | 696,367 | |||||||||||||||||||||||
200 | Arab Republic of Egypt, Reg S |
6.125% | 1/31/22 | B | 206,962 | |||||||||||||||||||||||||
200 | Arab Republic of Egypt, Reg S |
7.500% | 1/31/27 | B | 217,357 | |||||||||||||||||||||||||
200 | Arab Republic of Egypt, Reg S |
8.500% | 1/31/47 | B | 223,163 | |||||||||||||||||||||||||
Total Egypt |
1,343,849 | |||||||||||||||||||||||||||||
El Salvador 0.5% | ||||||||||||||||||||||||||||||
75 | Republic of El Salvador, 144A |
6.375% | 1/18/27 | CCC+ | 74,250 | |||||||||||||||||||||||||
361 | Republic of El Salvador, Reg S |
7.750% | 1/24/23 | CCC+ | 387,313 | |||||||||||||||||||||||||
185 | Republic of El Salvador, Reg S |
5.875% | 1/30/25 | CCC+ | 181,300 | |||||||||||||||||||||||||
325 | Republic of El Salvador, Reg S |
6.375% | 1/18/27 | CCC+ | 321,750 | |||||||||||||||||||||||||
45 | Republic of El Salvador, Reg S |
8.250% | 4/10/32 | CCC+ | 49,077 | |||||||||||||||||||||||||
75 | Republic of El Salvador, Reg S |
7.625% | 9/21/34 | CCC+ | 82,125 | |||||||||||||||||||||||||
105 | Republic of El Salvador, Reg S |
7.650% | 6/15/35 | CCC+ | 107,875 | |||||||||||||||||||||||||
150 | Republic of El Salvador, Reg S |
7.625% | 2/01/41 | CCC+ | 153,375 | |||||||||||||||||||||||||
Total El Salvador |
1,357,065 | |||||||||||||||||||||||||||||
Ghana 0.5% | ||||||||||||||||||||||||||||||
765 | Republic of Ghana, 144A |
10.750% | 10/14/30 | BB | 993,353 | |||||||||||||||||||||||||
200 | Republic of Ghana, Reg S |
8.125% | 1/18/26 | B | 212,391 | |||||||||||||||||||||||||
Total Ghana |
1,205,744 | |||||||||||||||||||||||||||||
Honduras 0.2% | ||||||||||||||||||||||||||||||
360 | Honduras Government, 144A |
6.250% | 1/19/27 | BB | 387,346 | |||||||||||||||||||||||||
Hungary 2.5% | ||||||||||||||||||||||||||||||
590 | Hungarian Development Bank, Reg S |
6.250% | 10/21/20 | Baa3 | 651,686 | |||||||||||||||||||||||||
581 | Republic of Hungary, Government Bond |
6.250% | 1/29/20 | BBB | 633,290 | |||||||||||||||||||||||||
2,566 | Republic of Hungary, Government Bond |
6.375% | 3/29/21 | BBB | 2,893,164 | |||||||||||||||||||||||||
1,824 | Republic of Hungary, Government Bond |
5.375% | 2/21/23 | BBB | 2,057,144 | |||||||||||||||||||||||||
196 | Republic of Hungary, Government Bond |
5.750% | 11/22/23 | BBB | 227,123 | |||||||||||||||||||||||||
Total Hungary |
6,462,407 | |||||||||||||||||||||||||||||
Indonesia 1.5% | ||||||||||||||||||||||||||||||
235 | Majapahit Holdings BV, Reg S |
8.000% | 8/07/19 | Baa3 | 258,806 | |||||||||||||||||||||||||
365 | Majapahit Holdings BV, Reg S |
7.875% | 6/28/37 | Baa3 | 490,013 | |||||||||||||||||||||||||
200 | Republic of Indonesia, 144A |
5.250% | 1/08/47 | Baa3 | 225,385 | |||||||||||||||||||||||||
785 | Republic of Indonesia, Reg S |
4.750% | 1/08/26 | BBB | 855,906 | |||||||||||||||||||||||||
200 | Republic of Indonesia, Reg S |
4.350% | 1/08/27 | Baa3 | 212,166 | |||||||||||||||||||||||||
345 | Republic of Indonesia, Reg S |
8.500% | 10/12/35 | BBB | 511,700 | |||||||||||||||||||||||||
714 | Republic of Indonesia, Reg S |
7.750% | 1/17/38 | BBB | 1,014,794 | |||||||||||||||||||||||||
200 | Republic of Indonesia, Reg S |
5.125% | 1/15/45 | BBB | 220,986 | |||||||||||||||||||||||||
Total Indonesia |
3,789,756 | |||||||||||||||||||||||||||||
Iraq 0.1% | ||||||||||||||||||||||||||||||
200 | Republic of Iraq, 144A |
6.750% | 3/09/23 | B | 198,601 | |||||||||||||||||||||||||
Israel 0.3% | ||||||||||||||||||||||||||||||
350 | Israel Electric Corporation Limited, 144A, Reg S |
5.000% | 11/12/24 | Baa2 | 379,225 | |||||||||||||||||||||||||
400 | State of Israel |
4.500% | 1/30/43 | A+ | 433,966 | |||||||||||||||||||||||||
Total Israel |
813,191 | |||||||||||||||||||||||||||||
Jamaica 0.4% | ||||||||||||||||||||||||||||||
660 | Jamaica Government |
6.750% | 4/28/28 | B | 760,650 | |||||||||||||||||||||||||
200 | Jamaica Government |
7.875% | 7/28/45 | B | 246,500 | |||||||||||||||||||||||||
Total Jamaica |
1,007,150 | |||||||||||||||||||||||||||||
Jordan 0.1% | ||||||||||||||||||||||||||||||
200 | Kingdom of Jordan, 144A |
6.125% | 1/29/26 | BB | 202,300 |
12 | NUVEEN |
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
Kazakhstan 0.9% | ||||||||||||||||||||||||||||||
$ | 330 | Kazakhstan Development Bank, Reg S |
6.500% | 6/03/20 | Baa3 | $ | 351,287 | |||||||||||||||||||||||
220 | KazAgro National Management Holding JSC, 144A |
4.625% | 5/24/23 | BBB | 221,386 | |||||||||||||||||||||||||
580 | Kazmunaygas National, 144A |
3.875% | 4/19/22 | Baa3 | 585,052 | |||||||||||||||||||||||||
640 | Kazmunaygas National, 144A |
4.750% | 4/19/27 | Baa3 | 649,000 | |||||||||||||||||||||||||
595 | Kazmunaygas National, 144A |
5.750% | 4/19/47 | Baa3 | 585,685 | |||||||||||||||||||||||||
Total Kazakhstan |
2,392,410 | |||||||||||||||||||||||||||||
Kenya 0.1% | ||||||||||||||||||||||||||||||
200 | Republic of Kenya, Reg S |
6.875% | 6/24/24 | B+ | 204,178 | |||||||||||||||||||||||||
Lebanon 0.2% | ||||||||||||||||||||||||||||||
280 | Republic of Lebanon |
6.375% | 3/09/20 | B | 285,505 | |||||||||||||||||||||||||
160 | Republic of Lebanon, Reg S |
5.450% | 11/28/19 | B | 160,483 | |||||||||||||||||||||||||
130 | Republic of Lebanon, Reg S |
8.250% | 4/12/21 | B | 140,296 | |||||||||||||||||||||||||
Total Lebanon |
586,284 | |||||||||||||||||||||||||||||
Lithuania 0.2% | ||||||||||||||||||||||||||||||
405 | Republic of Lithuania, Reg S |
7.375% | 2/11/20 | A | 454,280 | |||||||||||||||||||||||||
Mexico 2.1% | ||||||||||||||||||||||||||||||
4,260 | MXN | Mexico Bonos de DeSarrollo |
6.500% | 6/09/22 | A | 231,938 | ||||||||||||||||||||||||
4,052 | MXN | Mexico Bonos de DeSarrollo |
8.000% | 12/07/23 | A | 236,800 | ||||||||||||||||||||||||
635 | Mexico City Airport Trust, 144A |
5.500% | 7/31/47 | BBB+ | 642,874 | |||||||||||||||||||||||||
280 | Petroleos Mexicanos |
4.875% | 1/24/22 | BBB+ | 293,650 | |||||||||||||||||||||||||
405 | Petroleos Mexicanos |
6.875% | 8/04/26 | BBB+ | 460,688 | |||||||||||||||||||||||||
185 | Petroleos Mexicanos |
5.625% | 1/23/46 | BBB+ | 172,050 | |||||||||||||||||||||||||
1,234 | Petroleos Mexicanos |
6.750% | 9/21/47 | BBB+ | 1,312,852 | |||||||||||||||||||||||||
70 | Petroleos Mexicanos, 144A |
5.375% | 3/13/22 | BBB+ | 74,792 | |||||||||||||||||||||||||
145 | Petroleos Mexicanos, 144A |
6.500% | 3/13/27 | BBB+ | 160,986 | |||||||||||||||||||||||||
280 | Petroleos Mexicanos, 144A |
6.500% | 3/13/27 | BBB+ | 310,870 | |||||||||||||||||||||||||
233 | Petroleos Mexicanos, 144A |
6.750% | 9/21/47 | BBB+ | 247,889 | |||||||||||||||||||||||||
654 | United Mexican States |
4.150% | 3/28/27 | A3 | 687,387 | |||||||||||||||||||||||||
510 | United Mexican States |
4.750% | 3/08/44 | A3 | 525,555 | |||||||||||||||||||||||||
Total Mexico |
5,358,331 | |||||||||||||||||||||||||||||
Mongolia 0.3% | ||||||||||||||||||||||||||||||
200 | Mongolia Government International Bond, Reg S |
4.125% | 1/05/18 | B | 200,740 | |||||||||||||||||||||||||
200 | Mongolia Government International Bond, Reg S |
5.125% | 12/05/22 | B | 194,237 | |||||||||||||||||||||||||
325 | Mongolia Government International Bond, 144A |
10.875% | 4/06/21 | B | 377,085 | |||||||||||||||||||||||||
Total Mongolia |
772,062 | |||||||||||||||||||||||||||||
Morocco 1.1% | ||||||||||||||||||||||||||||||
655 | Kingdom of Morocco, Reg S |
4.250% | 12/11/22 | BBB | 694,861 | |||||||||||||||||||||||||
505 | Kingdom of Morocco, Reg S |
5.500% | 12/11/42 | BBB | 563,748 | |||||||||||||||||||||||||
560 | Office Cherifien Des Phosphates SA, Reg S |
5.625% | 4/25/24 | BBB | 603,292 | |||||||||||||||||||||||||
295 | Office Cherifien Des Phosphates SA, Reg S |
4.500% | 10/22/25 | BBB | 296,857 | |||||||||||||||||||||||||
480 | Office Cherifien Des Phosphates SA, Reg S |
6.875% | 4/25/44 | BBB | 540,014 | |||||||||||||||||||||||||
Total Morocco |
2,698,772 | |||||||||||||||||||||||||||||
Nigeria 0.4% | ||||||||||||||||||||||||||||||
445 | Nigerian Government International Bond, Reg S |
7.875% | 2/16/32 | B1 | 486,591 | |||||||||||||||||||||||||
200 | Nigerian Republic Treasury Bond, 144A |
7.875% | 2/16/32 | B1 | 218,500 | |||||||||||||||||||||||||
425 | Nigerian Republic Treasury Bond, Reg S |
5.125% | 7/12/18 | B+ | 430,311 | |||||||||||||||||||||||||
Total Nigeria |
1,135,402 | |||||||||||||||||||||||||||||
Oman 0.9% | ||||||||||||||||||||||||||||||
260 | Oman Government International Bond, 144A |
3.625% | 6/15/21 | Baa2 | 261,315 | |||||||||||||||||||||||||
245 | Oman Government International Bond, 144A |
3.875% | 3/08/22 | Baa2 | 247,083 | |||||||||||||||||||||||||
230 | Oman Government International Bond, 144A |
4.750% | 6/15/26 | Baa2 | 227,355 | |||||||||||||||||||||||||
635 | Oman Government International Bond, 144A |
5.375% | 3/08/27 | Baa2 | 652,408 |
NUVEEN | 13 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
Oman (continued) | ||||||||||||||||||||||||||||||
$ | 400 | Oman Government International Bond, 144A |
6.500% | 3/08/47 | Baa2 | $ | 411,247 | |||||||||||||||||||||||
500 | Oman Government International Bond, Reg S |
5.375% | 3/08/27 | Baa2 | 513,771 | |||||||||||||||||||||||||
Total Oman |
2,313,179 | |||||||||||||||||||||||||||||
Pakistan 0.1% | ||||||||||||||||||||||||||||||
275 | Islamic Republic of Pakistan, 144A |
7.250% | 4/15/19 | B | 287,579 | |||||||||||||||||||||||||
Panama 0.5% | ||||||||||||||||||||||||||||||
830 | Republic of Panama |
9.375% | 4/01/29 | BBB | 1,251,225 | |||||||||||||||||||||||||
Paraguay 0.3% | ||||||||||||||||||||||||||||||
200 | Republic of Paraguay, 144A |
4.700% | 3/27/27 | Ba1 | 208,500 | |||||||||||||||||||||||||
200 | Republic of Paraguay, Reg S |
4.700% | 3/27/27 | Ba1 | 208,500 | |||||||||||||||||||||||||
315 | Republic of Paraguay, Reg S |
6.100% | 8/11/44 | Ba1 | 353,588 | |||||||||||||||||||||||||
Total Paraguay |
770,588 | |||||||||||||||||||||||||||||
Peru 0.2% | ||||||||||||||||||||||||||||||
1,195 | PEN | Republic of Peru |
6.950% | 8/12/31 | A | 413,243 | ||||||||||||||||||||||||
Philipines 0.2% | ||||||||||||||||||||||||||||||
200 | Republic of the Philippines |
7.750% | 1/14/31 | BBB | 291,026 | |||||||||||||||||||||||||
275 | Republic of the Philippines |
3.950% | 1/20/40 | BBB | 284,802 | |||||||||||||||||||||||||
Total Philipines |
575,828 | |||||||||||||||||||||||||||||
Poland 0.1% | ||||||||||||||||||||||||||||||
168 | Republic of Poland |
3.250% | 4/06/26 | A2 | 172,428 | |||||||||||||||||||||||||
Qatar 0.4% | ||||||||||||||||||||||||||||||
965 | State of Qatar, Reg S |
2.375% | 6/02/21 | AA | 949,917 | |||||||||||||||||||||||||
Romania 0.7% | ||||||||||||||||||||||||||||||
306 | EUR | Republic of Romania, 144A |
2.875% | 5/26/28 | BBB | 376,061 | ||||||||||||||||||||||||
198 | Republic of Romania, Reg S |
4.375% | 8/22/23 | BBB | 212,273 | |||||||||||||||||||||||||
885 | EUR | Republic of Romania, Reg S |
3.875% | 10/29/35 | BBB | 1,107,147 | ||||||||||||||||||||||||
Total Romania |
1,695,481 | |||||||||||||||||||||||||||||
Russia 2.5% | ||||||||||||||||||||||||||||||
195 | Gaz Capital SA, Reg S |
9.250% | 4/23/19 | BBB | 213,033 | |||||||||||||||||||||||||
235 | Gazprom Neft OAO Via GPN Capital SA, Reg S |
6.000% | 11/27/23 | BBB | 258,007 | |||||||||||||||||||||||||
235 | Lukoil International Finance, 144A |
4.750% | 11/02/26 | BBB | 247,385 | |||||||||||||||||||||||||
575 | Rosneft International Finance, Reg S |
4.199% | 3/06/22 | BB+ | 579,329 | |||||||||||||||||||||||||
30,265 | RUB | Russian Federal Bond OFZ |
8.500% | 9/17/31 | BBB | 566,812 | ||||||||||||||||||||||||
600 | Russian Federation, 144A |
5.250% | 6/23/47 | BBB | 614,195 | |||||||||||||||||||||||||
600 | Russian Federation, 144A |
4.250% | 6/23/27 | BBB | 609,297 | |||||||||||||||||||||||||
1,100 | Russian Federation, Reg S |
5.000% | 4/29/20 | BBB | 1,166,004 | |||||||||||||||||||||||||
800 | Russian Federation, Reg S |
4.875% | 9/16/23 | BBB | 870,992 | |||||||||||||||||||||||||
800 | Russian Federation, Reg S |
4.750% | 5/27/26 | BBB | 847,162 | |||||||||||||||||||||||||
200 | Russian Federation, Reg S |
5.625% | 4/04/42 | BBB | 222,102 | |||||||||||||||||||||||||
200 | RZD Capital Limited, Russian Railways, Reg S |
5.700% | 4/05/22 | BBB | 216,884 | |||||||||||||||||||||||||
Total Russia |
6,411,202 | |||||||||||||||||||||||||||||
Saudi Arabia 0.7% | ||||||||||||||||||||||||||||||
240 | Saudi Government International Bond, 144A |
2.375% | 10/26/21 | A1 | 236,760 | |||||||||||||||||||||||||
465 | Saudi Government International Bond, 144A, (WI/DD) |
2.875% | 3/04/23 | A1 | 462,160 | |||||||||||||||||||||||||
220 | Saudi Government International Bond, 144A, (WI/DD) |
3.625% | 3/04/28 | A1 | 218,694 | |||||||||||||||||||||||||
215 | Saudi Government International Bond, 144A, (WI/DD) |
4.625% | 10/04/47 | A1 | 215,805 | |||||||||||||||||||||||||
680 | Saudi Government International Bond, Reg S |
2.375% | 10/26/21 | A1 | 670,820 | |||||||||||||||||||||||||
Total Saudi Arabia |
1,804,239 |
14 | NUVEEN |
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
Senegal 0.4% | ||||||||||||||||||||||||||||||
$ | 200 | Republic of Senegal, 144A |
6.250% | 5/23/33 | Ba3 | $ | 205,658 | |||||||||||||||||||||||
200 | Republic of Senegal, Reg S |
8.750% | 5/13/21 | Ba3 | 230,710 | |||||||||||||||||||||||||
565 | Republic of Senegal, Reg S |
6.250% | 7/30/24 | Ba3 | 602,272 | |||||||||||||||||||||||||
Total Senegal |
1,038,640 | |||||||||||||||||||||||||||||
South Africa 0.8% | ||||||||||||||||||||||||||||||
270 | Eskom Holdings Limited, Reg S |
6.750% | 8/06/23 | Ba3 | 279,137 | |||||||||||||||||||||||||
665 | Republic of South Africa |
5.875% | 9/16/25 | Baa3 | 718,200 | |||||||||||||||||||||||||
320 | Republic of South Africa |
4.850% | 9/27/27 | Baa3 | 317,120 | |||||||||||||||||||||||||
8,480 | ZAR | Republic of South Africa |
6.250% | 3/31/36 | BBB | 451,310 | ||||||||||||||||||||||||
200 | Republic of South Africa |
5.000% | 10/12/46 | Baa3 | 184,040 | |||||||||||||||||||||||||
Total South Africa |
1,949,807 | |||||||||||||||||||||||||||||
Sri Lanka 1.0% | ||||||||||||||||||||||||||||||
720 | Republic of Sri Lanka, 144A |
6.000% | 1/14/19 | B+ | 742,548 | |||||||||||||||||||||||||
505 | Republic of Sri Lanka, 144A |
6.850% | 11/03/25 | B+ | 554,377 | |||||||||||||||||||||||||
335 | Republic of Sri Lanka, 144A |
6.200% | 5/11/27 | B+ | 351,433 | |||||||||||||||||||||||||
310 | Republic of Sri Lanka, Reg S |
6.250% | 7/27/21 | B+ | 333,296 | |||||||||||||||||||||||||
200 | Republic of Sri Lanka, Reg S |
5.875% | 7/25/22 | B+ | 213,014 | |||||||||||||||||||||||||
200 | Republic of Sri Lanka, Reg S |
6.850% | 11/03/25 | B+ | 219,555 | |||||||||||||||||||||||||
200 | Republic of Sri Lanka, Reg S |
6.825% | 7/18/26 | B+ | 219,633 | |||||||||||||||||||||||||
Total Sri Lanka |
2,633,856 | |||||||||||||||||||||||||||||
Tajikistan 0.1% | ||||||||||||||||||||||||||||||
200 | Republic or Tajikistan, 144A |
7.125% | 9/14/27 | B | 195,726 | |||||||||||||||||||||||||
Tunisia 0.2% | ||||||||||||||||||||||||||||||
205 | EUR | Banque de Tunisie, Reg S |
5.625% | 2/17/24 | B1 | 250,148 | ||||||||||||||||||||||||
385 | Banque de Tunisie, Reg S |
5.750% | 1/30/25 | B1 | 374,570 | |||||||||||||||||||||||||
Total Tunisia |
624,718 | |||||||||||||||||||||||||||||
Turkey 1.5% | ||||||||||||||||||||||||||||||
1,975 | Republic of Turkey, Government Bond |
7.000% | 6/05/20 | Ba1 | 2,156,502 | |||||||||||||||||||||||||
245 | Republic of Turkey, Government Bond |
5.625% | 3/30/21 | Ba1 | 260,511 | |||||||||||||||||||||||||
615 | Republic of Turkey, Government Bond |
7.375% | 2/05/25 | Ba1 | 714,353 | |||||||||||||||||||||||||
200 | Republic of Turkey, Government Bond |
6.000% | 3/25/27 | Ba1 | 214,688 | |||||||||||||||||||||||||
480 | Republic of Turkey, Government Bond |
5.750% | 5/11/47 | Ba1 | 471,878 | |||||||||||||||||||||||||
Total Turkey |
3,817,932 | |||||||||||||||||||||||||||||
Ukraine 1.2% | ||||||||||||||||||||||||||||||
242 | Republic of Ukraine, 144A |
7.750% | 9/01/21 | B | 256,849 | |||||||||||||||||||||||||
103 | Republic of Ukraine, 144A |
7.750% | 9/01/22 | B | 109,219 | |||||||||||||||||||||||||
103 | Republic of Ukraine, 144A |
7.750% | 9/01/23 | B | 108,137 | |||||||||||||||||||||||||
103 | Republic of Ukraine, 144A |
7.750% | 9/01/25 | B | 106,593 | |||||||||||||||||||||||||
200 | Republic of Ukraine, 144A |
7.750% | 9/01/27 | B | 205,120 | |||||||||||||||||||||||||
643 | Republic of Ukraine, 144A |
7.375% | 9/25/32 | B | 626,121 | |||||||||||||||||||||||||
228 | Republic of Ukraine, 144A |
0.000% | 5/31/40 | B | 122,778 | |||||||||||||||||||||||||
105 | Republic of Ukraine, Reg S |
7.750% | 9/01/23 | B | 110,236 | |||||||||||||||||||||||||
350 | Republic of Ukraine, Reg S |
7.750% | 9/01/25 | B | 362,208 | |||||||||||||||||||||||||
215 | Republic of Ukraine, Reg S |
7.750% | 9/01/26 | B | 221,229 | |||||||||||||||||||||||||
460 | Republic of Ukraine, Reg S |
7.750% | 9/01/27 | B | 471,799 | |||||||||||||||||||||||||
235 | The State Export-Import Bank of the Ukraine, Loan Participations, Series 2010, Reg S |
9.750% | 1/22/25 | B | 252,625 | |||||||||||||||||||||||||
Total Ukraine |
2,952,914 | |||||||||||||||||||||||||||||
Uruguay 0.5% | ||||||||||||||||||||||||||||||
35 | Republic of Uruguay |
7.875% | 1/15/33 | BBB | 49,263 | |||||||||||||||||||||||||
375 | Republic of Uruguay |
7.625% | 3/21/36 | BBB | 525,938 | |||||||||||||||||||||||||
496 | Republic of Uruguay |
5.100% | 6/18/50 | BBB | 523,002 | |||||||||||||||||||||||||
1,910 | UYU | Republic of Uruguay, 144A |
9.875% | 6/20/22 | BBB | 71,108 |
NUVEEN | 15 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
Principal Amount (000) |
(10) | Description (1) | Coupon | Maturity | Ratings (5) | Value | ||||||||||||||||||||||||
Uruguay (continued) | ||||||||||||||||||||||||||||||
1,800 | UYU | Republic of Uruguay, 144A |
8.500% | 3/15/28 | BBB | $ | 63,580 | |||||||||||||||||||||||
Total Uruguay |
1,232,891 | |||||||||||||||||||||||||||||
United Arab Emirates 0.1% | ||||||||||||||||||||||||||||||
$ | 360 | Abu Dhabi National Energy Company, Reg S |
4.375% | 6/22/26 | A3 | 371,483 | ||||||||||||||||||||||||
Venezuela 0.5% | ||||||||||||||||||||||||||||||
500 | Republic of Venezuela, Reg S |
9.000% | 5/07/23 | CCC | 175,000 | |||||||||||||||||||||||||
1,300 | Republic of Venezuela, Reg S |
9.250% | 5/07/28 | CCC | 445,510 | |||||||||||||||||||||||||
1,877 | Petroleos de Venezuela S.A, Reg S |
6.000% | 11/15/26 | CCC | 572,409 | |||||||||||||||||||||||||
Total Venezuela |
1,192,919 | |||||||||||||||||||||||||||||
Zambia 0.3% | ||||||||||||||||||||||||||||||
215 | Republic of Zambia, Reg S |
8.500% | 4/14/24 | B | 230,070 | |||||||||||||||||||||||||
525 | Republic of Zambia, Reg S |
8.970% | 7/30/27 | B | 570,027 | |||||||||||||||||||||||||
Total Zambia |
800,097 | |||||||||||||||||||||||||||||
Total Emerging Markets Debt and Foreign Corporate Bonds (cost $88,800,082) |
|
92,967,256 | ||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||||||||||||||||
STRUCTURED NOTES 0.4% (0.3% of Total Investments) |
||||||||||||||||||||||||||||||
$ | 70 | Merrill Lynch International Company CV, (2) |
10.000% | 2/27/18 | $ | 1,022,814 | ||||||||||||||||||||||||
$ | 70 | Total Structured Notes (cost $941,796) |
1,022,814 | |||||||||||||||||||||||||||
Total Long-Term Investments (cost $323,491,442) |
361,147,250 | |||||||||||||||||||||||||||||
Principal Amount (000)/ Shares |
Description (1) | Coupon | Maturity | Value | ||||||||||||||||||||||||||
SHORT-TERM INVESTMENTS 3.9% (2.6% of Total Investments) |
|
|||||||||||||||||||||||||||||
INVESTMENT COMPANIES 2.4% (1.6% of Total Investments) | ||||||||||||||||||||||||||||||
6,137,921 | BlackRock Liquidity Funds T-Fund Portfolio, (11) |
N/A | N/A | $ | 6,137,921 | |||||||||||||||||||||||||
REPURCHASE AGREEMENTS 1.5% (1.0% of Total Investments) | ||||||||||||||||||||||||||||||
$ | 3,636 | Repurchase Agreement with Fixed Income Clearing
Corporation, |
0.120% | 10/02/17 | 3,635,613 | |||||||||||||||||||||||||
Total Short-Term Investments (cost $9,773,534) |
9,773,534 | |||||||||||||||||||||||||||||
Total Investments (cost $333,264,976) 146.1% |
370,920,784 | |||||||||||||||||||||||||||||
Borrowings (44.5)% (12), (13) |
(112,900,000 | ) | ||||||||||||||||||||||||||||
Other Assets Less Liabilities (1.6)% (14) |
(4,107,427 | ) | ||||||||||||||||||||||||||||
Net Assets Applicable to Common Shares 100% |
$ | 253,913,357 |
Investments in Derivatives as of September 30, 2017
Forward Foreign Currency Contracts
Currency Purchased |
Notional Amount (Local Currency) |
Currency Sold |
Notional Amount (Local Currency) |
Counterparty | Settlement Date |
Unrealized Appreciation (Depreciation) |
||||||||||||||
Turkish Lira |
830,000 | U.S. Dollar | 235,304 | Bank of America, N.A. | 12/20/17 | $ | (7,361 | ) | ||||||||||||
U.S. Dollar |
232,745 | South African Rand | 3,071,000 | Barclays Bank PLC | 12/20/17 | 8,280 | ||||||||||||||
U.S. Dollar |
3,299,992 | Euro | 2,752,000 | Citibank, National Association | 12/20/17 | 34,929 |
16 | NUVEEN |
Currency Purchased |
Notional Amount (Local Currency) |
Currency Sold |
Notional Amount (Local Currency) |
Counterparty | Settlement Date |
Unrealized Appreciation (Depreciation) |
||||||||||||||||
Chinese Yuan |
3,213,000 | U.S. Dollar | 489,265 | JPMorgan Chase Bank N.A. | 12/20/17 | $ | (8,010 | ) | ||||||||||||||
Egyptian Pound |
8,420,000 | U.S. Dollar | 465,451 | JPMorgan Chase Bank N.A. | 10/30/17 | 8,472 | ||||||||||||||||
Indian Rupee |
15,270,000 | U.S. Dollar | 236,488 | JPMorgan Chase Bank N.A. | 12/20/17 | (4,794 | ) | |||||||||||||||
U.S. Dollar |
235,503 | Brazilian Real | 755,000 | JPMorgan Chase Bank N.A. | 12/04/17 | (1,152 | ) | |||||||||||||||
U.S. Dollar |
187,769 | Colombian Peso | 555,117,000 | JPMorgan Chase Bank N.A. | 12/20/17 | 424 | ||||||||||||||||
U.S. Dollar |
291,119 | Russian Ruble | 16,981,000 | JPMorgan Chase Bank N.A. | 12/20/17 | 169 | ||||||||||||||||
U.S. Dollar |
179,667 | Peruvian Nuevo Sol | 583,000 | JPMorgan Chase Bank N.A. | 12/20/17 | 1,855 | ||||||||||||||||
Polish Zloty |
875,000 | U.S. Dollar | 245,531 | Standard Chartered Bank | 12/20/17 | (5,638 | ) | |||||||||||||||
Total |
33,034,795 | 580,931,039 | $ | 27,174 |
Futures Contracts
Description | Contract Position |
Number of Contracts |
Expiration Date |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
Variation Margin Receivable/ (Payable) |
|||||||||||||||||||||
Eurex Euro-Bobl |
Short | (5 | ) | 12/17 | $ | (777,447 | ) | $ | (775,209 | ) | $ | 2,238 | $ | (169 | ) | |||||||||||||
Eurex Euro-Bund |
Short | (3 | ) | 12/17 | (573,454 | ) | (570,893 | ) | 2,561 | 2,561 | ||||||||||||||||||
Eurex Euro-Buxl |
Short | (7 | ) | 12/17 | (1,369,577 | ) | (1,350,699 | ) | 18,878 | (6,863 | ) | |||||||||||||||||
$ | (2,720,478 | ) | $ | (2,696,800 | ) | $ | 23,677 | $ | (4,471 | ) |
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 (15) |
Optional Termination Date |
Maturity Date |
Value | Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||||||||||||
JPMorgan Chase Bank N.A. |
$ | 30,450,000 | Receive | 1-Month USD-LIBOR-ICE | 1.462 | % | Monthly | 12/01/17 | 12/01/18 | 12/01/20 | $ | (13,194 | ) | $ | 427,622 | $ | (440,816 | ) | ||||||||||||||||||||||||||
JPMorgan Chase Bank N.A. |
56,200,000 | Receive | 1-Month USD-LIBOR-ICE | 1.969 | % | Monthly | 6/01/18 | 7/01/25 | 7/01/27 | 195,263 | | 195,263 | ||||||||||||||||||||||||||||||||
$ | 86,650,000 | $ | 182,069 | $ | 427,622 | $ | (245,553 | ) |
Fair Value Measurements
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting 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). |
NUVEEN | 17 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (Unaudited) |
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 of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Long-Term Investments: |
||||||||||||||||
Common Stocks |
$ | 57,465,902 | $ | 35,852,925 | $ | | * | $ | 93,318,827 | |||||||
Real Estate Investment Trust (REIT) Common Stocks |
90,723,006 | | | 90,723,006 | ||||||||||||
Convertible Preferred Securities |
| 699,526 | | 699,526 | ||||||||||||
$25 Par (or similar) Retail Preferred |
712,800 | | | 712,800 | ||||||||||||
$1,000 Par (or similar) Institutional Preferred |
| 1,259,363 | | 1,259,363 | ||||||||||||
Variable Rate Senior Loan Interests |
| 80,343,008 | | 80,343,008 | ||||||||||||
Corporate Bonds |
| 100,650 | | 100,650 | ||||||||||||
Emerging Market Debt and Foreign Corporate Bonds |
| 92,967,256 | | 92,967,256 | ||||||||||||
Structured Notes |
| 1,022,814 | | 1,022,814 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Investment Companies |
6,137,921 | | | 6,137,921 | ||||||||||||
Repurchase Agreements |
| 3,635,613 | | 3,635,613 | ||||||||||||
Investments in Derivatives |
||||||||||||||||
Forward Foreign Currency Exchange Contracts** |
| 27,174 | | 27,174 | ||||||||||||
Futures Contracts** |
23,677 | | | 23,677 | ||||||||||||
Interest Rate Swaps** |
| (245,553 | ) | | (245,553 | ) | ||||||||||
Total |
$ | 155,063,306 | $ | 215,662,776 | $ | | $ | 370,726,082 |
* | Value equals zero as of the end of the reporting period. |
** | Represents net unrealized appreciation (depreciation). |
The table below presents the transfers in and out of the three valuation levels for the Fund as of the end of the reporting period when compared to the valuation levels at 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 |
$ | 1,866,105 | $ | (2,327,148 | ) | $ | 2,327,148 | $ | (1,866,105 | ) | $ | | $ | |
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.
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, 2017.
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 |
$ | 336,160,407 | ||
Gross unrealized: |
||||
Appreciation |
$ | 46,482,007 | ||
Depreciation |
(11,721,630 | ) | ||
Net unrealized appreciation (depreciation) of investments |
$ | 34,760,377 |
18 | NUVEEN |
Tax cost of forwards |
$27,174 | |||
Net unrealized appreciation (depreciation) of forwards |
|
Tax cost of futures |
$23,677 | |||
Net unrealized appreciation (depreciation) of futures |
|
Tax cost of swaps |
$ | 427,622 | ||
Net unrealized appreciation (depreciation) of swaps |
(245,553 | ) |
NUVEEN | 19 |
JDD | Nuveen Diversified Dividend and Income Fund | |||
Portfolio of Investments (continued) | September 30, 2017 (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) | 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. |
(6) | Perpetual security. Maturity date is not applicable. |
(7) | 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. |
(8) | 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. |
(9) | 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. |
(10) | Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted. |
(11) | 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. |
(12) | Borrowings as a percentage of Total Investments is 30.4%. |
(13) | 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. |
(14) | 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. |
(15) | Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract. |
DD1 | Portion of investment purchased on a delayed delivery basis. |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
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. |
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. |
COP | Colombian Peso |
EUR | Euro |
MXN | Mexican Peso |
PEN | Peruvian Nuevo Sol |
RUB | Russian Ruble |
UYU | Uruguayan Peso |
ZAR | South African Rand |
LIBOR | London Inter-Bank Offered Rate |
20 | NUVEEN |
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, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Cedric H. Antosiewicz | |||
Cedric H. Antosiewicz | ||||
Chief Administrative Officer (principal executive officer) | ||||
Date: November 29, 2017 | ||||
By (Signature and Title) | /s/ Stephen D. Foy | |||
Stephen D. Foy | ||||
Vice President and Controller (principal financial officer) | ||||
Date: November 29, 2017 |