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: March 31, 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 March 31, 2018 | |
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
LONG-TERM INVESTMENTS 143.3% (96.6% of Total Investments) |
|
|||||||||||||||||||||||||||||
COMMON STOCKS 38.3% (25.8% of Total Investments) |
|
|||||||||||||||||||||||||||||
Air Freight & Logistics 0.6% | ||||||||||||||||||||||||||||||
32,861 | Deutsche Post AG, (4) |
$ | 1,439,288 | |||||||||||||||||||||||||||
Airlines 0.7% | ||||||||||||||||||||||||||||||
29,357 | Delta Air Lines, Inc. |
1,609,057 | ||||||||||||||||||||||||||||
Automobiles 0.6% | ||||||||||||||||||||||||||||||
17,619 | Daimler AG, (4) |
1,501,139 | ||||||||||||||||||||||||||||
Banks 7.0% | ||||||||||||||||||||||||||||||
495,155 | AIB Group PLC |
2,980,516 | ||||||||||||||||||||||||||||
218,620 | Bank of Ireland Group PLC, (4) |
1,908,263 | ||||||||||||||||||||||||||||
46,228 | CIT Group Inc. |
2,380,742 | ||||||||||||||||||||||||||||
41,979 | Citigroup Inc., (2) |
2,833,583 | ||||||||||||||||||||||||||||
134,737 | ING Groep N.V., ADR |
2,281,097 | ||||||||||||||||||||||||||||
13,255 | JPMorgan Chase & Co. |
1,457,652 | ||||||||||||||||||||||||||||
32,068 | The Bank of NT Butterfield and Son Limited |
1,439,212 | ||||||||||||||||||||||||||||
750,700 | Unicaja Banco SA, 144A, (3), (4) |
1,293,792 | ||||||||||||||||||||||||||||
Total Banks |
16,574,857 | |||||||||||||||||||||||||||||
Biotechnology 0.6% | ||||||||||||||||||||||||||||||
19,019 | Gilead Sciences, Inc. |
1,433,842 | ||||||||||||||||||||||||||||
Capital Markets 2.7% | ||||||||||||||||||||||||||||||
71,800 | Ares Capital Corporation |
1,139,466 | ||||||||||||||||||||||||||||
22,300 | Aurelius AG, (4) |
1,555,236 | ||||||||||||||||||||||||||||
129,741 | Deutsche Boerse AG, ADR, (4) |
1,768,370 | ||||||||||||||||||||||||||||
104,290 | UBS Group AG, (4) |
1,837,477 | ||||||||||||||||||||||||||||
Total Capital Markets |
6,300,549 | |||||||||||||||||||||||||||||
Chemicals 1.7% | ||||||||||||||||||||||||||||||
133,000 | CVR Partners LP |
432,250 | ||||||||||||||||||||||||||||
56,325 | DowDuPont, Inc. |
3,588,466 | ||||||||||||||||||||||||||||
Total Chemicals |
4,020,716 | |||||||||||||||||||||||||||||
Diversified Financial Services 0.5% | ||||||||||||||||||||||||||||||
137,751 | Challenger Limited, (4) |
1,233,673 | ||||||||||||||||||||||||||||
Diversified Telecommunication Services 1.6% | ||||||||||||||||||||||||||||||
48,290 | Nippon Telegraph and Telephone Corporation, ADR, (4) |
2,247,900 | ||||||||||||||||||||||||||||
1,100 | Nippon Telegraph and Telephone Corporation, (4) |
50,656 | ||||||||||||||||||||||||||||
102,100 | Telefonica Brasil SA |
1,558,661 | ||||||||||||||||||||||||||||
Total Diversified Telecommunication Services |
3,857,217 | |||||||||||||||||||||||||||||
Electric Utilities 0.9% | ||||||||||||||||||||||||||||||
63,270 | FirstEnergy Corp. |
2,151,813 | ||||||||||||||||||||||||||||
Electrical Equipment 0.5% | ||||||||||||||||||||||||||||||
14,055 | Eaton PLC |
1,123,135 | ||||||||||||||||||||||||||||
Energy Equipment & Services 0.0% | ||||||||||||||||||||||||||||||
3,347 | Ocean Rig UDW Inc., (3) |
84,445 |
1
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Food Products 0.7% | ||||||||||||||||||||||||||||||
143,092 | Orkla ASA, ADR, (4) |
$ | 1,547,540 | |||||||||||||||||||||||||||
Gas Utilities 0.5% | ||||||||||||||||||||||||||||||
176,600 | Italgas SPA, (4) |
1,055,245 | ||||||||||||||||||||||||||||
Health Care Providers & Services 0.0% | ||||||||||||||||||||||||||||||
6,594 | Millennium Health LLC, (3) |
132 | ||||||||||||||||||||||||||||
Hotels, Restaurants & Leisure 0.4% | ||||||||||||||||||||||||||||||
11,175 | Hyatt Hotels Corporation, Class A |
852,206 | ||||||||||||||||||||||||||||
Household Durables 0.7% | ||||||||||||||||||||||||||||||
95,024 | Sekisui House, Ltd., (4) |
1,734,285 | ||||||||||||||||||||||||||||
Industrial Conglomerates 1.0% | ||||||||||||||||||||||||||||||
27,222 | General Electric Company |
366,953 | ||||||||||||||||||||||||||||
15,300 | Siemens AG, (4) |
1,952,238 | ||||||||||||||||||||||||||||
Total Industrial Conglomerates |
2,319,191 | |||||||||||||||||||||||||||||
Insurance 3.6% | ||||||||||||||||||||||||||||||
43,361 | Ageas, (4) |
2,237,624 | ||||||||||||||||||||||||||||
7,815 | Allianz AG ORD Shares, (4) |
1,766,637 | ||||||||||||||||||||||||||||
25,440 | CNA Financial Corporation |
1,255,464 | ||||||||||||||||||||||||||||
39,500 | NN Group NV, (4) |
1,754,982 | ||||||||||||||||||||||||||||
11,255 | RenaissanceRe Holdings, Limited |
1,558,930 | ||||||||||||||||||||||||||||
Total Insurance |
8,573,637 | |||||||||||||||||||||||||||||
Media 0.9% | ||||||||||||||||||||||||||||||
478,668 | Hibu PLC, (3) |
1 | ||||||||||||||||||||||||||||
2,099 | Metro-Goldwyn-Mayer, (3) |
203,603 | ||||||||||||||||||||||||||||
75,500 | National CineMedia, Inc. |
391,845 | ||||||||||||||||||||||||||||
3,185 | Tribune Media Company |
319 | ||||||||||||||||||||||||||||
46,954 | Viacom Inc., Class B |
1,458,391 | ||||||||||||||||||||||||||||
Total Media |
2,054,159 | |||||||||||||||||||||||||||||
Multi-Utilities 1.3% | ||||||||||||||||||||||||||||||
125,492 | Veolia Environment S.A., (4) |
2,981,359 | ||||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels 2.3% | ||||||||||||||||||||||||||||||
13,404 | Chevron Corporation |
1,528,592 | ||||||||||||||||||||||||||||
101,806 | Enterprise Products Partnership LP |
2,492,211 | ||||||||||||||||||||||||||||
9 | Southcross Holdings Borrower LP, (3) |
2,700 | ||||||||||||||||||||||||||||
24,800 | Total SA, Sponsored ADR |
1,430,712 | ||||||||||||||||||||||||||||
Total Oil, Gas & Consumable Fuels |
5,454,215 | |||||||||||||||||||||||||||||
Pharmaceuticals 3.0% | ||||||||||||||||||||||||||||||
36,799 | AstraZeneca PLC, ADR |
1,286,861 | ||||||||||||||||||||||||||||
80,400 | GlaxoSmithKline PLC, ADR |
3,141,228 | ||||||||||||||||||||||||||||
49,045 | Roche Holdings AG, Sponsored ADR, (4) |
1,403,913 | ||||||||||||||||||||||||||||
28,039 | Takeda Chemical Industries, (4) |
1,365,783 | ||||||||||||||||||||||||||||
Total Pharmaceuticals |
7,197,785 | |||||||||||||||||||||||||||||
Real Estate Management & Development 1.0% | ||||||||||||||||||||||||||||||
187,200 | Great Eagle Holdings Limited, (4) |
953,624 | ||||||||||||||||||||||||||||
836,690 | Sino Land Company Limited, (4) |
1,356,149 | ||||||||||||||||||||||||||||
Total Real Estate Management & Development |
2,309,773 | |||||||||||||||||||||||||||||
Road & Rail 0.7% | ||||||||||||||||||||||||||||||
12,315 | Union Pacific Corporation |
1,655,505 |
2
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Semiconductors & Semiconductor Equipment 1.2% | ||||||||||||||||||||||||||||||
102,290 | Cypress Semiconductor Corporation |
$ | 1,734,838 | |||||||||||||||||||||||||||
44,754 | Infineon Technologies AG, (4) |
1,203,579 | ||||||||||||||||||||||||||||
Total Semiconductors & Semiconductor Equipment |
2,938,417 | |||||||||||||||||||||||||||||
Software 2.2% | ||||||||||||||||||||||||||||||
19,072 | Microsoft Corporation |
1,740,701 | ||||||||||||||||||||||||||||
77,472 | Oracle Corporation |
3,544,344 | ||||||||||||||||||||||||||||
Total Software |
5,285,045 | |||||||||||||||||||||||||||||
Specialty Retail 0.4% | ||||||||||||||||||||||||||||||
250,600 | Kingfisher plc, (4) |
1,028,036 | ||||||||||||||||||||||||||||
Tobacco 1.0% | ||||||||||||||||||||||||||||||
67,614 | Imperial Brands PLC, ADR, (4) |
2,342,825 | ||||||||||||||||||||||||||||
Total Common Stocks (cost $77,813,409) |
90,659,086 | |||||||||||||||||||||||||||||
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
EMERGING MARKET DEBT AND FOREIGN CORPORATE BONDS 36.5% (24.6% of Total Investments) |
| |||||||||||||||||||||||||||||
Argentina 2.0% | ||||||||||||||||||||||||||||||
$ | 345 | City of Buenos Aires, Argentina, 144A |
8.950% | 2/19/21 | B+ | $ | 370,309 | |||||||||||||||||||||||
310 | City of Buenos Aires, Argentina, 144A |
7.500% | 6/01/27 | B+ | 323,423 | |||||||||||||||||||||||||
320 | City of Buenos Aires, Argentina, Reg S |
7.500% | 6/01/27 | B+ | 333,856 | |||||||||||||||||||||||||
210 | Province of Buenos Aires, 144A |
9.125% | 3/16/24 | B+ | 233,837 | |||||||||||||||||||||||||
220 | Province of Buenos Aires, 144A |
7.875% | 6/15/27 | B+ | 228,250 | |||||||||||||||||||||||||
171 | Provincia de Cordoba, 144A |
7.125% | 6/10/21 | B+ | 179,550 | |||||||||||||||||||||||||
150 | Republic of Argentina |
6.250% | 4/22/19 | B+ | 154,125 | |||||||||||||||||||||||||
409 | Republic of Argentina |
6.875% | 4/22/21 | B+ | 433,540 | |||||||||||||||||||||||||
100 | EUR | Republic of Argentina |
3.375% | 1/15/23 | B+ | 121,716 | ||||||||||||||||||||||||
170 | Republic of Argentina |
7.500% | 4/22/26 | B+ | 181,560 | |||||||||||||||||||||||||
850 | Republic of Argentina |
6.875% | 1/26/27 | B+ | 866,575 | |||||||||||||||||||||||||
150 | EUR | Republic of Argentina |
5.250% | 1/15/28 | B+ | 179,991 | ||||||||||||||||||||||||
365 | Republic of Argentina |
2.500% | 12/31/38 | B+ | 242,360 | |||||||||||||||||||||||||
150 | Republic of Argentina |
7.625% | 4/22/46 | B+ | 149,062 | |||||||||||||||||||||||||
166 | YPF Sociedad Anonima, 144A |
8.750% | 4/04/24 | B2 | 183,845 | |||||||||||||||||||||||||
139 | YPF Sociedad Anonima, 144A |
6.950% | 7/21/27 | B+ | 139,570 | |||||||||||||||||||||||||
140 | YPF Sociedad Anonima, 144A |
7.000% | 12/15/47 | B+ | 125,510 | |||||||||||||||||||||||||
180 | YPF Sociedad Anonima, Reg S |
8.500% | 7/28/25 | B2 | 198,689 | |||||||||||||||||||||||||
Total Argentina |
4,645,768 | |||||||||||||||||||||||||||||
Armenia 0.2% | ||||||||||||||||||||||||||||||
455 | Republic of Armenia, Reg S |
7.150% | 3/26/25 | B1 | 502,529 | |||||||||||||||||||||||||
Azerbaijan 1.7% |
||||||||||||||||||||||||||||||
1,710 | Azerbaijan Government International Bond, Reg S |
4.750% | 3/18/24 | BB+ | 1,720,260 | |||||||||||||||||||||||||
780 | Azerbaijan Government International Bond, Reg S |
3.500% | 9/01/32 | BB+ | 655,267 | |||||||||||||||||||||||||
335 | Azerbaijan State Oil Company, Reg S |
4.750% | 3/13/23 | BB+ | 333,727 | |||||||||||||||||||||||||
210 | Azerbaijan State Oil Company, Reg S |
6.950% | 3/18/30 | BB+ | 227,588 | |||||||||||||||||||||||||
400 | Southern Gas Corridor CJSC, 144A |
6.875% | 3/24/26 | BB+ | 440,867 | |||||||||||||||||||||||||
545 | Southern Gas Corridor CJSC, Reg S |
6.875% | 3/24/26 | BB+ | 600,857 | |||||||||||||||||||||||||
Total Azerbaijan |
3,978,566 | |||||||||||||||||||||||||||||
Brazil 0.8% | ||||||||||||||||||||||||||||||
730 | BRL | Brazil Nota do Tesouro Nacional |
10.000% | 1/01/21 | Ba2 | 237,597 | ||||||||||||||||||||||||
256 | BRL | Brazil Nota do Tesouro Nacional |
6.000% | 8/15/50 | Ba2 | 269,561 | ||||||||||||||||||||||||
225 | Centrais Eletricas Brasileiras S.A, Reg S |
5.750% | 10/27/21 | BB | 230,063 | |||||||||||||||||||||||||
240 | Federative Republic of Brazil |
4.625% | 1/13/28 | BB | 235,200 | |||||||||||||||||||||||||
200 | Gerdau Trade Inc., 144A |
4.875% | 10/24/27 | BBB | 197,150 | |||||||||||||||||||||||||
50 | Petrobras Global Finance BV |
6.125% | 1/17/22 | Ba2 | 53,425 | |||||||||||||||||||||||||
110 | Petrobras Global Finance BV |
8.750% | 5/23/26 | Ba2 | 129,117 |
3
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
Brazil (continued) | ||||||||||||||||||||||||||||||
$ | 556 | Petrobras Global Finance BV, 144A |
5.999% | 1/27/28 | Ba2 | $ | 550,440 | |||||||||||||||||||||||
Total Brazil |
1,902,553 | |||||||||||||||||||||||||||||
Bulgaria 0.2% | ||||||||||||||||||||||||||||||
355 | EUR | Republic of Bulgaria, Reg S |
3.125% | 3/26/35 | Baa2 | 476,227 | ||||||||||||||||||||||||
Chile 0.2% | ||||||||||||||||||||||||||||||
260 | Corporacion Nacional del Cobre, 144A |
3.625% | 8/01/27 | A+ | 252,535 | |||||||||||||||||||||||||
200 | Empresa Nacional del Petroleo, 144A |
4.500% | 9/14/47 | A | 185,900 | |||||||||||||||||||||||||
Total Chile |
438,435 | |||||||||||||||||||||||||||||
China 0.6% | ||||||||||||||||||||||||||||||
230 | Sinopec Group Overseas Development 2016 Limited, 144A |
3.500% | 5/03/26 | A+ | 221,403 | |||||||||||||||||||||||||
925 | Sinopec Group Overseas Development 2017 Limited, 144A |
3.625% | 4/12/27 | A1 | 895,286 | |||||||||||||||||||||||||
430 | State Grid Overseas Investment 2016 Ltd, 144A |
3.500% | 5/04/27 | A+ | 414,339 | |||||||||||||||||||||||||
Total China |
1,531,028 | |||||||||||||||||||||||||||||
Colombia 0.6% | ||||||||||||||||||||||||||||||
502,790 | COP | Colombian TES |
3.300% | 3/17/27 | N/R | 182,051 | ||||||||||||||||||||||||
260 | EcoPetrol SA |
5.875% | 9/18/23 | BBB | 278,200 | |||||||||||||||||||||||||
420,000 | COP | Republic of Colombia |
7.750% | 4/14/21 | Baa2 | 159,299 | ||||||||||||||||||||||||
175,000 | COP | Republic of Colombia |
9.850% | 6/28/27 | Baa2 | 78,760 | ||||||||||||||||||||||||
625 | Republic of Colombia |
5.000% | 6/15/45 | Baa2 | 633,594 | |||||||||||||||||||||||||
Total Colombia |
1,331,904 | |||||||||||||||||||||||||||||
Costa Rica 0.3% | ||||||||||||||||||||||||||||||
645 | Republic of Costa Rica, Reg S |
7.000% | 4/04/44 | Ba2 | 665,640 | |||||||||||||||||||||||||
Cote dIvoire (Ivory Coast) 1.1% | ||||||||||||||||||||||||||||||
100 | EUR | Ivory Coast Government International Bond, 144A |
5.250% | 3/22/30 | Ba3 | 122,998 | ||||||||||||||||||||||||
145 | EUR | Ivory Coast Government International Bond, 144A |
6.625% | 3/22/48 | Ba3 | 179,279 | ||||||||||||||||||||||||
335 | Ivory Coast Republic, 144A |
5.375% | 7/23/24 | Ba3 | 328,240 | |||||||||||||||||||||||||
390 | Ivory Coast Republic, 144A |
6.125% | 6/15/33 | Ba3 | 370,979 | |||||||||||||||||||||||||
365 | Ivory Coast Republic, Reg S |
5.375% | 7/23/24 | Ba3 | 357,667 | |||||||||||||||||||||||||
420 | Ivory Coast Republic, Reg S |
6.375% | 3/03/28 | Ba3 | 424,250 | |||||||||||||||||||||||||
685 | Ivory Coast Republic, Reg S |
5.750% | 12/31/32 | B+ | 656,477 | |||||||||||||||||||||||||
250 | Ivory Coast Republic, Reg S |
6.125% | 6/15/33 | Ba3 | 237,807 | |||||||||||||||||||||||||
Total Cote dIvoire (Ivory Coast) |
2,677,697 | |||||||||||||||||||||||||||||
Croatia 2.3% | ||||||||||||||||||||||||||||||
1,045 | Croatia Government International Bond, Reg S |
6.000% | 1/26/24 | BB+ | 1,153,450 | |||||||||||||||||||||||||
325 | EUR | Croatia Government International Bond, Reg S |
3.000% | 3/20/27 | BB+ | 421,997 | ||||||||||||||||||||||||
200 | EUR | Croatia Government International Bond, Reg S |
2.750% | 1/27/30 | BB+ | 247,392 | ||||||||||||||||||||||||
540 | Republic of Croatia, Reg S |
6.750% | 11/05/19 | BB+ | 572,127 | |||||||||||||||||||||||||
535 | Republic of Croatia, Reg S |
6.625% | 7/14/20 | BB+ | 573,880 | |||||||||||||||||||||||||
710 | Republic of Croatia, Reg S |
6.375% | 3/24/21 | BB+ | 767,301 | |||||||||||||||||||||||||
660 | Republic of Croatia, Reg S |
5.500% | 4/04/23 | BB+ | 707,910 | |||||||||||||||||||||||||
670 | EUR | Republic of Croatia, Reg S |
3.000% | 3/11/25 | BB+ | 884,041 | ||||||||||||||||||||||||
Total Croatia |
5,328,098 | |||||||||||||||||||||||||||||
Cyprus 0.1% | ||||||||||||||||||||||||||||||
300 | Novolipetsk Steel via Steel Funding DAC, 144A |
4.000% | 9/21/24 | BBB | 292,515 | |||||||||||||||||||||||||
Dominican Republic 1.5% | ||||||||||||||||||||||||||||||
165 | Dominican Republic, 144A |
6.600% | 1/28/24 | BB | 179,299 | |||||||||||||||||||||||||
550 | Dominican Republic, 144A |
5.500% | 1/27/25 | BB | 565,928 | |||||||||||||||||||||||||
239 | Dominican Republic, 144A |
6.875% | 1/29/26 | BB | 265,125 | |||||||||||||||||||||||||
285 | Dominican Republic, Reg S |
6.600% | 1/28/24 | BB | 309,698 | |||||||||||||||||||||||||
1,140 | Dominican Republic, Reg S |
5.875% | 4/18/24 | BB | 1,197,524 | |||||||||||||||||||||||||
155 | Dominican Republic, Reg S |
6.875% | 1/29/26 | BB | 171,943 |
4
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
Dominican Republic (continued) | ||||||||||||||||||||||||||||||
$ | 545 | Dominican Republic, Reg S |
7.450% | 4/30/44 | BB | $ | 615,850 | |||||||||||||||||||||||
290 | Dominican Republic, Reg S |
6.850% | 1/27/45 | BB | 312,475 | |||||||||||||||||||||||||
Total Dominican Republic |
3,617,842 | |||||||||||||||||||||||||||||
Ecuador 0.6% | ||||||||||||||||||||||||||||||
255 | Ecuador Government International Bond, 144A |
7.875% | 1/23/28 | B | 245,488 | |||||||||||||||||||||||||
225 | Republic of Ecuador, 144A |
10.750% | 3/28/22 | B | 246,150 | |||||||||||||||||||||||||
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 | 198,500 | |||||||||||||||||||||||||
Total Ecuador |
1,519,368 | |||||||||||||||||||||||||||||
Egypt 0.8% | ||||||||||||||||||||||||||||||
640 | Arab Republic of Egypt, 144A |
7.500% | 1/31/27 | B | 692,579 | |||||||||||||||||||||||||
200 | Arab Republic of Egypt, Reg S |
6.125% | 1/31/22 | B | 206,948 | |||||||||||||||||||||||||
200 | Arab Republic of Egypt, Reg S |
8.500% | 1/31/47 | B | 223,224 | |||||||||||||||||||||||||
270 | Egypt Government International Bond, 144A |
5.577% | 2/21/23 | B | 273,834 | |||||||||||||||||||||||||
305 | Egypt Government International Bond, 144A |
6.588% | 2/21/28 | B | 309,605 | |||||||||||||||||||||||||
250 | Egypt Government International Bond, 144A |
7.903% | 2/21/48 | B | 262,858 | |||||||||||||||||||||||||
Total Egypt |
1,969,048 | |||||||||||||||||||||||||||||
El Salvador 0.4% | ||||||||||||||||||||||||||||||
60 | Republic of El Salvador, 144A |
6.375% | 1/18/27 | B3 | 59,100 | |||||||||||||||||||||||||
361 | Republic of El Salvador, Reg S |
7.750% | 1/24/23 | B3 | 392,992 | |||||||||||||||||||||||||
290 | Republic of El Salvador, Reg S |
6.375% | 1/18/27 | B3 | 285,650 | |||||||||||||||||||||||||
45 | Republic of El Salvador, Reg S |
8.250% | 4/10/32 | B3 | 50,440 | |||||||||||||||||||||||||
75 | Republic of El Salvador, Reg S |
7.625% | 9/21/34 | B3 | 79,500 | |||||||||||||||||||||||||
Total El Salvador |
867,682 | |||||||||||||||||||||||||||||
Ethiopia 0.1% | ||||||||||||||||||||||||||||||
200 | Ethiopia International Bond, Reg S |
6.625% | 12/11/24 | B1 | 205,584 | |||||||||||||||||||||||||
Ghana 0.2% | ||||||||||||||||||||||||||||||
445 | Republic of Ghana, 144A |
10.750% | 10/14/30 | BB | 581,393 | |||||||||||||||||||||||||
Honduras 0.2% | ||||||||||||||||||||||||||||||
360 | Honduras Government, 144A |
6.250% | 1/19/27 | BB | 380,509 | |||||||||||||||||||||||||
Hungary 2.3% | ||||||||||||||||||||||||||||||
590 | Hungarian Development Bank, Reg S |
6.250% | 10/21/20 | Baa3 | 630,984 | |||||||||||||||||||||||||
2,360 | Republic of Hungary, Government Bond |
6.375% | 3/29/21 | BBB | 2,569,568 | |||||||||||||||||||||||||
1,824 | Republic of Hungary, Government Bond |
5.375% | 2/21/23 | BBB | 1,969,738 | |||||||||||||||||||||||||
196 | Republic of Hungary, Government Bond |
5.750% | 11/22/23 | BBB | 216,580 | |||||||||||||||||||||||||
Total Hungary |
5,386,870 | |||||||||||||||||||||||||||||
Indonesia 1.3% | ||||||||||||||||||||||||||||||
235 | Majapahit Holdings BV, Reg S |
8.000% | 8/07/19 | Baa2 | 249,265 | |||||||||||||||||||||||||
365 | Majapahit Holdings BV, Reg S |
7.875% | 6/28/37 | Baa2 | 470,850 | |||||||||||||||||||||||||
200 | Republic of Indonesia, 144A |
5.250% | 1/08/47 | Baa2 | 212,407 | |||||||||||||||||||||||||
530 | Republic of Indonesia, Reg S |
4.750% | 1/08/26 | Baa2 | 553,580 | |||||||||||||||||||||||||
200 | Republic of Indonesia, Reg S |
4.350% | 1/08/27 | Baa2 | 203,153 | |||||||||||||||||||||||||
614 | Republic of Indonesia, Reg S |
7.750% | 1/17/38 | Baa2 | 831,505 | |||||||||||||||||||||||||
200 | Republic of Indonesia, Reg S |
5.125% | 1/15/45 | Baa2 | 208,287 | |||||||||||||||||||||||||
350 | Republic of Indonesia Treasury Bill, Reg S |
5.250% | 1/08/47 | Baa2 | 371,713 | |||||||||||||||||||||||||
Total Indonesia |
3,100,760 | |||||||||||||||||||||||||||||
Israel 0.2% | ||||||||||||||||||||||||||||||
400 | State of Israel |
4.500% | 1/30/43 | A+ | 409,354 |
5
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
Jamaica 0.4% | ||||||||||||||||||||||||||||||
$ | 660 | Jamaica Government |
6.750% | 4/28/28 | B | $ | 732,600 | |||||||||||||||||||||||
200 | Jamaica Government |
7.875% | 7/28/45 | B | 238,200 | |||||||||||||||||||||||||
Total Jamaica |
970,800 | |||||||||||||||||||||||||||||
Jordan 0.1% | ||||||||||||||||||||||||||||||
200 | Kingdom of Jordan, 144A |
7.375% | 10/10/47 | B+ | 202,000 | |||||||||||||||||||||||||
Kazakhstan 0.6% | ||||||||||||||||||||||||||||||
330 | Kazakhstan Development Bank, Reg S |
6.500% | 6/03/20 | Baa3 | 346,517 | |||||||||||||||||||||||||
220 | KazAgro National Management Holding JSC, 144A |
4.625% | 5/24/23 | BBB | 218,796 | |||||||||||||||||||||||||
380 | Kazmunaygas National, 144A |
3.875% | 4/19/22 | Baa3 | 378,423 | |||||||||||||||||||||||||
395 | Kazmunaygas National, 144A |
5.750% | 4/19/47 | Baa3 | 388,148 | |||||||||||||||||||||||||
Total Kazakhstan |
1,331,884 | |||||||||||||||||||||||||||||
Kenya 0.3% | ||||||||||||||||||||||||||||||
200 | Kenya Government International Bond, 144A |
7.250% | 2/28/28 | B+ | 209,052 | |||||||||||||||||||||||||
200 | Kenya Government International Bond, 144A |
8.250% | 2/28/48 | B+ | 214,076 | |||||||||||||||||||||||||
200 | Republic of Kenya, Reg S |
6.875% | 6/24/24 | B+ | 208,750 | |||||||||||||||||||||||||
Total Kenya |
631,878 | |||||||||||||||||||||||||||||
Kuwait 0.1% | ||||||||||||||||||||||||||||||
200 | State of Kuwait, Reg S |
3.500% | 3/20/27 | AA | 196,034 | |||||||||||||||||||||||||
Lebanon 0.2% | ||||||||||||||||||||||||||||||
130 | Lebanon Government International Bond, Reg S |
5.800% | 4/14/20 | B | 129,025 | |||||||||||||||||||||||||
150 | Republic of Lebanon |
6.375% | 3/09/20 | B | 150,827 | |||||||||||||||||||||||||
160 | Republic of Lebanon, Reg S |
5.450% | 11/28/19 | B | 158,984 | |||||||||||||||||||||||||
130 | Republic of Lebanon, Reg S |
8.250% | 4/12/21 | B | 136,909 | |||||||||||||||||||||||||
Total Lebanon |
575,745 | |||||||||||||||||||||||||||||
Lithuania 0.2% | ||||||||||||||||||||||||||||||
405 | Republic of Lithuania, Reg S |
7.375% | 2/11/20 | A | 438,267 | |||||||||||||||||||||||||
Mexico 0.9% | ||||||||||||||||||||||||||||||
325 | Petroleos Mexicanos |
6.875% | 8/04/26 | BBB+ | 355,810 | |||||||||||||||||||||||||
145 | Petroleos Mexicanos |
6.500% | 3/13/27 | BBB+ | 154,860 | |||||||||||||||||||||||||
1,307 | Petroleos Mexicanos |
6.750% | 9/21/47 | BBB+ | 1,322,527 | |||||||||||||||||||||||||
311 | Petroleos Mexicanos, 144A |
6.350% | 2/12/48 | BBB+ | 300,504 | |||||||||||||||||||||||||
110 | United Mexican States |
4.750% | 3/08/44 | A3 | 106,975 | |||||||||||||||||||||||||
Total Mexico |
2,240,676 | |||||||||||||||||||||||||||||
Mongolia 0.3% | ||||||||||||||||||||||||||||||
325 | Mongolia Government International Bond, 144A |
10.875% | 4/06/21 | B | 374,009 | |||||||||||||||||||||||||
400 | Mongolia Government International Bond, 144A |
5.625% | 5/01/23 | B | 394,650 | |||||||||||||||||||||||||
Total Mongolia |
768,659 | |||||||||||||||||||||||||||||
Morocco 0.8% | ||||||||||||||||||||||||||||||
305 | Kingdom of Morocco, Reg S |
5.500% | 12/11/42 | BBB | 324,136 | |||||||||||||||||||||||||
760 | Office Cherifien Des Phosphates SA, Reg S |
5.625% | 4/25/24 | BBB | 801,740 | |||||||||||||||||||||||||
495 | Office Cherifien Des Phosphates SA, Reg S |
4.500% | 10/22/25 | BBB | 487,626 | |||||||||||||||||||||||||
280 | Office Cherifien Des Phosphates SA, Reg S |
6.875% | 4/25/44 | BBB | 312,195 | |||||||||||||||||||||||||
Total Morocco |
1,925,697 | |||||||||||||||||||||||||||||
Nigeria 0.9% | ||||||||||||||||||||||||||||||
200 | Nigeria Government International Bond, 144A |
7.143% | 2/23/30 | B+ | 207,500 | |||||||||||||||||||||||||
200 | Nigeria Government International Bond, 144A |
7.696% | 2/23/38 | B+ | 210,492 | |||||||||||||||||||||||||
200 | Nigerian Government International Bond, 144A |
7.625% | 11/28/47 | B+ | 207,032 | |||||||||||||||||||||||||
445 | Nigerian Government International Bond, Reg S |
7.875% | 2/16/32 | B+ | 484,946 | |||||||||||||||||||||||||
465 | Nigerian Republic Treasury Bond, 144A |
6.500% | 11/28/27 | B+ | 471,073 | |||||||||||||||||||||||||
200 | Nigerian Republic Treasury Bond, 144A |
7.875% | 2/16/32 | B+ | 217,728 |
6
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
Nigeria (continued) | ||||||||||||||||||||||||||||||
$ | 425 | Nigerian Republic Treasury Bond, Reg S |
5.125% | 7/12/18 | B+ | $ | 425,548 | |||||||||||||||||||||||
Total Nigeria |
2,224,319 | |||||||||||||||||||||||||||||
Oman 1.3% | ||||||||||||||||||||||||||||||
260 | Oman Government International Bond, 144A |
3.625% | 6/15/21 | Baa3 | 253,413 | |||||||||||||||||||||||||
410 | Oman Government International Bond, 144A |
4.125% | 1/17/23 | Baa3 | 394,112 | |||||||||||||||||||||||||
435 | Oman Government International Bond, 144A |
5.375% | 3/08/27 | Baa3 | 424,170 | |||||||||||||||||||||||||
265 | Oman Government International Bond, 144A |
5.625% | 1/17/28 | Baa3 | 258,375 | |||||||||||||||||||||||||
400 | Oman Government International Bond, 144A |
6.500% | 3/08/47 | Baa3 | 378,000 | |||||||||||||||||||||||||
305 | Oman Government International Bond, 144A |
6.750% | 1/17/48 | Baa3 | 292,668 | |||||||||||||||||||||||||
700 | Oman Government International Bond, Reg S |
5.375% | 3/08/27 | Baa3 | 683,108 | |||||||||||||||||||||||||
200 | Oman Government International Bond, Reg S |
5.625% | 1/17/28 | Baa3 | 195,128 | |||||||||||||||||||||||||
225 | Oman Government International Bond, Reg S |
6.750% | 1/17/48 | Baa3 | 215,903 | |||||||||||||||||||||||||
Total Oman |
3,094,877 | |||||||||||||||||||||||||||||
Pakistan 0.1% | ||||||||||||||||||||||||||||||
275 | Islamic Republic of Pakistan, 144A |
7.250% | 4/15/19 | B | 280,018 | |||||||||||||||||||||||||
Paraguay 0.3% | ||||||||||||||||||||||||||||||
200 | Republic of Paraguay, 144A |
4.700% | 3/27/27 | Ba1 | 202,500 | |||||||||||||||||||||||||
200 | Republic of Paraguay, Reg S |
4.625% | 1/25/23 | Ba1 | 205,360 | |||||||||||||||||||||||||
315 | Republic of Paraguay, Reg S |
6.100% | 8/11/44 | Ba1 | 338,625 | |||||||||||||||||||||||||
Total Paraguay |
746,485 | |||||||||||||||||||||||||||||
Peru 0.1% | ||||||||||||||||||||||||||||||
220 | Peru LNG Srl, 144A |
5.375% | 3/22/30 | BBB | 221,210 | |||||||||||||||||||||||||
Qatar 0.4% | ||||||||||||||||||||||||||||||
965 | State of Qatar, Reg S |
2.375% | 6/02/21 | AA | 933,506 | |||||||||||||||||||||||||
Romania 0.7% | ||||||||||||||||||||||||||||||
306 | EUR | Republic of Romania, 144A |
2.875% | 5/26/28 | BBB | 394,117 | ||||||||||||||||||||||||
760 | EUR | Republic of Romania, Reg S |
3.875% | 10/29/35 | BBB | 1,005,681 | ||||||||||||||||||||||||
95 | EUR | Romanian Government International Bond, 144A |
2.500% | 2/08/30 | BBB | 115,889 | ||||||||||||||||||||||||
45 | EUR | Romanian Government International Bond, 144A |
3.375% | 2/08/38 | BBB | 55,377 | ||||||||||||||||||||||||
Total Romania |
1,571,064 | |||||||||||||||||||||||||||||
Russian Federation 2.5% | ||||||||||||||||||||||||||||||
195 | Gaz Capital SA, Reg S |
9.250% | 4/23/19 | BBB | 206,657 | |||||||||||||||||||||||||
235 | Gazprom Neft OAO Via GPN Capital SA, Reg S |
6.000% | 11/27/23 | BBB | 251,709 | |||||||||||||||||||||||||
235 | Lukoil International Finance, 144A |
4.750% | 11/02/26 | BBB+ | 238,098 | |||||||||||||||||||||||||
575 | Rosneft International Finance, Reg S |
4.199% | 3/06/22 | Baa3 | 567,859 | |||||||||||||||||||||||||
30,265 | RUB | Russian Federal Bond OFZ |
8.500% | 9/17/31 | BBB | 593,281 | ||||||||||||||||||||||||
600 | Russian Federation, 144A |
4.250% | 6/23/27 | BBB | 597,217 | |||||||||||||||||||||||||
300 | Russian Federation, Reg S |
5.000% | 4/29/20 | BBB | 309,713 | |||||||||||||||||||||||||
800 | Russian Federation, Reg S |
4.875% | 9/16/23 | BBB | 842,000 | |||||||||||||||||||||||||
600 | Russian Federation, Reg S |
4.750% | 5/27/26 | BBB | 619,975 | |||||||||||||||||||||||||
400 | Russian Federation, Reg S |
4.250% | 6/23/27 | BBB | 398,000 | |||||||||||||||||||||||||
200 | Russian Federation, Reg S |
5.625% | 4/04/42 | BBB | 214,500 | |||||||||||||||||||||||||
600 | Russian Federation, Reg S |
5.250% | 6/23/47 | BBB | 599,280 | |||||||||||||||||||||||||
400 | Russian Foreign Bond Eurobond, 144A |
4.375% | 3/21/29 | BBB | 395,054 | |||||||||||||||||||||||||
200 | Russian Foreign Bond Eurobond, 144A |
5.250% | 6/23/47 | BBB | 199,760 | |||||||||||||||||||||||||
Total Russian Federation |
6,033,103 | |||||||||||||||||||||||||||||
Saudi Arabia 0.7% | ||||||||||||||||||||||||||||||
240 | Saudi Government International Bond, 144A |
2.375% | 10/26/21 | A1 | 231,120 | |||||||||||||||||||||||||
465 | Saudi Government International Bond, 144A |
2.875% | 3/04/23 | A1 | 447,425 | |||||||||||||||||||||||||
215 | Saudi Government International Bond, 144A |
4.625% | 10/04/47 | A1 | 205,056 | |||||||||||||||||||||||||
680 | Saudi Government International Bond, Reg S |
2.375% | 10/26/21 | A1 | 654,840 | |||||||||||||||||||||||||
Total Saudi Arabia |
1,538,441 |
7
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
Senegal 0.6% | ||||||||||||||||||||||||||||||
$ | 200 | Republic of Senegal, 144A |
6.250% | 5/23/33 | Ba3 | $ | 197,000 | |||||||||||||||||||||||
200 | Republic of Senegal, Reg S |
8.750% | 5/13/21 | Ba3 | 224,984 | |||||||||||||||||||||||||
565 | Republic of Senegal, Reg S |
6.250% | 7/30/24 | Ba3 | 588,610 | |||||||||||||||||||||||||
100 | EUR | Senegal Government International Bond, 144A |
4.750% | 3/13/28 | Ba3 | 123,012 | ||||||||||||||||||||||||
200 | Senegal Government International Bond, 144A |
6.750% | 3/13/48 | Ba3 | 195,880 | |||||||||||||||||||||||||
Total Senegal |
1,329,486 | |||||||||||||||||||||||||||||
Serbia 0.3% | ||||||||||||||||||||||||||||||
570 | Serbia International Bond, Reg S |
7.250% | 9/28/21 | BB | 633,851 | |||||||||||||||||||||||||
South Africa 1.0% | ||||||||||||||||||||||||||||||
270 | Eskom Holdings Limited, Reg S |
6.750% | 8/06/23 | B3 | 273,118 | |||||||||||||||||||||||||
665 | Republic of South Africa |
5.875% | 9/16/25 | Baa3 | 708,192 | |||||||||||||||||||||||||
320 | Republic of South Africa |
4.850% | 9/27/27 | Baa3 | 315,584 | |||||||||||||||||||||||||
435 | Republic of South Africa |
4.300% | 10/12/28 | Baa3 | 407,012 | |||||||||||||||||||||||||
4,800 | ZAR | Republic of South Africa |
6.250% | 3/31/36 | Baa3 | 315,531 | ||||||||||||||||||||||||
200 | Republic of South Africa |
5.000% | 10/12/46 | Baa3 | 181,976 | |||||||||||||||||||||||||
3,315 | ZAR | Republic of South Africa Government Bond |
8.000% | 1/31/30 | Baa3 | 272,448 | ||||||||||||||||||||||||
Total South Africa |
2,473,861 | |||||||||||||||||||||||||||||
Sri Lanka 1.5% | ||||||||||||||||||||||||||||||
720 | Republic of Sri Lanka, 144A |
6.000% | 1/14/19 | B+ | 732,595 | |||||||||||||||||||||||||
505 | Republic of Sri Lanka, 144A |
6.850% | 11/03/25 | B+ | 522,590 | |||||||||||||||||||||||||
335 | Republic of Sri Lanka, 144A |
6.200% | 5/11/27 | B+ | 329,528 | |||||||||||||||||||||||||
310 | Republic of Sri Lanka, Reg S |
6.250% | 7/27/21 | B+ | 321,405 | |||||||||||||||||||||||||
200 | Republic of Sri Lanka, Reg S |
5.875% | 7/25/22 | B+ | 202,946 | |||||||||||||||||||||||||
615 | Republic of Sri Lanka, Reg S |
6.850% | 11/03/25 | B+ | 636,421 | |||||||||||||||||||||||||
200 | Republic of Sri Lanka, Reg S |
6.825% | 7/18/26 | B+ | 205,609 | |||||||||||||||||||||||||
680 | Republic of Sri Lanka, Reg S |
6.200% | 5/11/27 | B+ | 668,893 | |||||||||||||||||||||||||
Total Sri Lanka |
3,619,987 | |||||||||||||||||||||||||||||
Tajikistan 0.1% | ||||||||||||||||||||||||||||||
200 | Republic or Tajikistan, 144A |
7.125% | 9/14/27 | B | 185,250 | |||||||||||||||||||||||||
Tunisia 0.4% | ||||||||||||||||||||||||||||||
205 | EUR | Banque de Tunisie, Reg S |
5.625% | 2/17/24 | B+ | 257,737 | ||||||||||||||||||||||||
785 | Banque de Tunisie, Reg S |
5.750% | 1/30/25 | B+ | 746,731 | |||||||||||||||||||||||||
Total Tunisia |
1,004,468 | |||||||||||||||||||||||||||||
Turkey 1.3% | ||||||||||||||||||||||||||||||
1,215 | Republic of Turkey, Government Bond |
7.000% | 6/05/20 | BB+ | 1,287,329 | |||||||||||||||||||||||||
245 | Republic of Turkey, Government Bond |
5.625% | 3/30/21 | BB+ | 253,575 | |||||||||||||||||||||||||
615 | Republic of Turkey, Government Bond |
7.375% | 2/05/25 | BB+ | 681,542 | |||||||||||||||||||||||||
200 | Republic of Turkey, Government Bond |
6.000% | 3/25/27 | BB+ | 202,516 | |||||||||||||||||||||||||
680 | Republic of Turkey, Government Bond |
5.750% | 5/11/47 | BB+ | 604,180 | |||||||||||||||||||||||||
Total Turkey |
3,029,142 | |||||||||||||||||||||||||||||
Ukraine 0.8% | ||||||||||||||||||||||||||||||
117 | Republic of Ukraine, 144A |
7.750% | 9/01/21 | B | 122,485 | |||||||||||||||||||||||||
103 | Republic of Ukraine, 144A |
7.750% | 9/01/22 | B | 107,326 | |||||||||||||||||||||||||
103 | Republic of Ukraine, 144A |
7.750% | 9/01/23 | B | 106,514 | |||||||||||||||||||||||||
103 | Republic of Ukraine, 144A |
7.750% | 9/01/25 | B | 105,458 | |||||||||||||||||||||||||
200 | Republic of Ukraine, 144A |
7.750% | 9/01/27 | B | 204,447 | |||||||||||||||||||||||||
643 | Republic of Ukraine, 144A |
7.375% | 9/25/32 | B | 619,852 | |||||||||||||||||||||||||
105 | Republic of Ukraine, Reg S |
7.750% | 9/01/23 | B | 108,477 | |||||||||||||||||||||||||
230 | Republic of Ukraine, Reg S |
7.750% | 9/01/25 | B | 235,488 | |||||||||||||||||||||||||
215 | Republic of Ukraine, Reg S |
7.750% | 9/01/26 | B | 219,838 | |||||||||||||||||||||||||
100 | Republic of Ukraine, Reg S |
7.750% | 9/01/27 | B | 102,160 | |||||||||||||||||||||||||
Total Ukraine |
1,932,045 |
8
Principal Amount (000) (5) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
United Arab Emirates 0.8% | ||||||||||||||||||||||||||||||
$ | 360 | Abu Dhabi National Energy Company, Reg S |
4.375% | 6/22/26 | A | $ | 358,855 | |||||||||||||||||||||||
915 | Emirate of Abu Dhabi, 144A |
2.500% | 10/11/22 | AA | 881,282 | |||||||||||||||||||||||||
710 | Emirate of Abu Dhabi, 144A |
3.125% | 10/11/27 | AA | 670,950 | |||||||||||||||||||||||||
Total United Arab Emirates |
1,911,087 | |||||||||||||||||||||||||||||
Uruguay 0.2% | ||||||||||||||||||||||||||||||
496 | Republic of Uruguay |
5.100% | 6/18/50 | BBB | 508,371 | |||||||||||||||||||||||||
Venezuela 0.7% | ||||||||||||||||||||||||||||||
595 | Petrobras Global Finance BV |
5.750% | 2/01/29 | Ba2 | 575,740 | |||||||||||||||||||||||||
1,877 | Petroleos de Venezuela S.A, Reg S, (7) |
6.000% | 11/15/26 | C | 506,723 | |||||||||||||||||||||||||
360 | Republic of Venezuela, Reg S, (7) |
9.000% | 5/07/23 | C | 106,812 | |||||||||||||||||||||||||
1,170 | Republic of Venezuela, Reg S, (7) |
9.250% | 5/07/28 | C | 345,969 | |||||||||||||||||||||||||
Total Venezuela |
1,535,244 | |||||||||||||||||||||||||||||
Zambia 0.2% | ||||||||||||||||||||||||||||||
215 | Republic of Zambia, Reg S |
8.500% | 4/14/24 | B | 224,640 | |||||||||||||||||||||||||
325 | Republic of Zambia, Reg S |
8.970% | 7/30/27 | B | 342,624 | |||||||||||||||||||||||||
Total Zambia |
567,264 | |||||||||||||||||||||||||||||
Total Emerging Market Debt and Foreign Corporate Bonds (cost $85,553,352) |
|
86,464,089 | ||||||||||||||||||||||||||||
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
REAL ESTATE INVESTMENT TRUST (REIT) COMMON STOCKS 33.6% (22.7% of Total Investments) |
|
|||||||||||||||||||||||||||||
Diversified 1.2% | ||||||||||||||||||||||||||||||
124,700 | Colony Northstar, Inc. |
$ | 700,814 | |||||||||||||||||||||||||||
54,800 | Liberty Property Trust |
2,177,204 | ||||||||||||||||||||||||||||
Total Diversified |
2,878,018 | |||||||||||||||||||||||||||||
Health Care 3.6% | ||||||||||||||||||||||||||||||
124,325 | Health Care Property Investors Inc. |
2,888,070 | ||||||||||||||||||||||||||||
71,935 | Senior Housing Properties Trust |
1,126,502 | ||||||||||||||||||||||||||||
45,975 | Ventas Inc. |
2,277,142 | ||||||||||||||||||||||||||||
43,640 | Welltower Inc. |
2,375,325 | ||||||||||||||||||||||||||||
Total Health Care |
8,667,039 | |||||||||||||||||||||||||||||
Hotels, Restaurant & Leisure 1.9% | ||||||||||||||||||||||||||||||
115,267 | Host Hotels & Resorts Inc. |
2,148,577 | ||||||||||||||||||||||||||||
26,925 | LaSalle Hotel Properties |
781,094 | ||||||||||||||||||||||||||||
19,731 | Park Hotels & Resorts, Inc. |
533,132 | ||||||||||||||||||||||||||||
29,325 | Pebblebrook Hotel Trust |
1,007,314 | ||||||||||||||||||||||||||||
Total Hotels, Restaurant & Leisure |
4,470,117 | |||||||||||||||||||||||||||||
Industrial 2.3% | ||||||||||||||||||||||||||||||
23,600 | Industrial Logistics Properties Trust. |
480,024 | ||||||||||||||||||||||||||||
77,823 | Prologis Inc. |
4,902,071 | ||||||||||||||||||||||||||||
Total Industrial |
5,382,095 | |||||||||||||||||||||||||||||
Office 4.7% | ||||||||||||||||||||||||||||||
18,425 | Alexandria Real Estate Equities Inc. |
2,301,098 | ||||||||||||||||||||||||||||
17,800 | Boston Properties, Inc. |
2,193,316 | ||||||||||||||||||||||||||||
44,875 | Brandywine Realty Trust |
712,615 | ||||||||||||||||||||||||||||
39,200 | Douglas Emmett Inc. |
1,440,992 | ||||||||||||||||||||||||||||
45,050 | Hudson Pacific Properties Inc. |
1,465,476 | ||||||||||||||||||||||||||||
22,925 | JBG Smith Properties |
772,802 | ||||||||||||||||||||||||||||
8,625 | SL Green Realty Corporation |
835,159 | ||||||||||||||||||||||||||||
22,750 | Vornado Realty Trust |
1,531,075 | ||||||||||||||||||||||||||||
Total Office |
11,252,533 |
9
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
Residential 6.4% | ||||||||||||||||||||||||||||||
87,325 | American Homes 4 Rents, Class A |
$ | 1,753,486 | |||||||||||||||||||||||||||
71,550 | Apartment Investment & Management Company, Class A |
2,915,662 | ||||||||||||||||||||||||||||
21,200 | AvalonBay Communities, Inc. |
3,486,552 | ||||||||||||||||||||||||||||
54,250 | Equity Residential |
3,342,885 | ||||||||||||||||||||||||||||
3,400 | Essex Property Trust Inc. |
818,312 | ||||||||||||||||||||||||||||
57,175 | Invitation Homes, Inc. |
1,305,305 | ||||||||||||||||||||||||||||
7,425 | Sun Communities Inc. |
678,422 | ||||||||||||||||||||||||||||
22,925 | UDR Inc. |
816,588 | ||||||||||||||||||||||||||||
Total Residential |
15,117,212 | |||||||||||||||||||||||||||||
Retail 6.3% | ||||||||||||||||||||||||||||||
100,100 | Developers Diversified Realty Corporation |
733,733 | ||||||||||||||||||||||||||||
7,650 | Federal Realty Investment Trust |
888,241 | ||||||||||||||||||||||||||||
67,500 | GGP, Inc. |
1,381,050 | ||||||||||||||||||||||||||||
37,400 | Kimco Realty Corporation |
538,560 | ||||||||||||||||||||||||||||
63,600 | Kite Realty Group Trust |
968,628 | ||||||||||||||||||||||||||||
36,716 | Macerich Company |
2,056,830 | ||||||||||||||||||||||||||||
25,575 | Regency Centers Corporation |
1,508,414 | ||||||||||||||||||||||||||||
29,835 | Simon Property Group, Inc. |
4,605,032 | ||||||||||||||||||||||||||||
11,750 | Taubman Centers Inc. |
668,692 | ||||||||||||||||||||||||||||
52,700 | Weingarten Realty Trust |
1,479,816 | ||||||||||||||||||||||||||||
Total Retail |
14,828,996 | |||||||||||||||||||||||||||||
Specialized 7.2% | ||||||||||||||||||||||||||||||
19,150 | Coresite Realty Corporation |
1,919,979 | ||||||||||||||||||||||||||||
88,425 | CubeSmart |
2,493,585 | ||||||||||||||||||||||||||||
18,875 | Digital Realty Trust Inc. |
1,989,048 | ||||||||||||||||||||||||||||
10,275 | Equinix Inc. |
4,296,389 | ||||||||||||||||||||||||||||
30,575 | Life Storage, Inc. |
2,553,624 | ||||||||||||||||||||||||||||
19,099 | Public Storage, Inc. |
3,827,249 | ||||||||||||||||||||||||||||
Total Specialized |
17,079,874 | |||||||||||||||||||||||||||||
Total Real Estate Investment Trust (REIT) Common Stocks (cost $66,586,456) |
|
79,675,884 | ||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon (8) | Reference Rate (8) |
Spread (8) | Maturity (9) | Ratings (6) | Value | |||||||||||||||||||||||
VARIABLE RATE SENIOR LOAN INTERESTS 32.9% (22.2% of Total Investments) (8) |
|
|||||||||||||||||||||||||||||
Aerospace & Defense 0.2% | ||||||||||||||||||||||||||||||
$ | 491 | Transdigm, Inc., Term Loan F |
4.773% | 1-Month LIBOR | 2.750% | 6/09/23 | Ba2 | $ | 493,239 | |||||||||||||||||||||
Airlines 1.2% | ||||||||||||||||||||||||||||||
480 | American Airlines, Inc., Replacement Term Loan |
3.875% | 1-Month LIBOR | 2.000% | 6/27/20 | BB+ | 481,510 | |||||||||||||||||||||||
1,980 | American Airlines, Inc., Term Loan B |
3.877% | 1-Month LIBOR | 2.000% | 4/28/23 | BB+ | 1,982,228 | |||||||||||||||||||||||
475 | Delta Air Lines, Inc., Term Loan B1 |
4.322% | 1-Month LIBOR | 2.500% | 10/18/18 | Baa2 | 477,971 | |||||||||||||||||||||||
2,935 | Total Airlines |
2,941,709 | ||||||||||||||||||||||||||||
Automobiles 0.2% | ||||||||||||||||||||||||||||||
576 | Chrysler Group LLC, Term Loan |
3.860% | 1-Month LIBOR | 2.000% | 12/31/18 | Baa2 | 578,343 | |||||||||||||||||||||||
Biotechnology 0.3% | ||||||||||||||||||||||||||||||
742 | Grifols, Inc., Term Loan B |
3.986% | 1-Week LIBOR | 2.250% | 1/31/25 | BB | 745,964 | |||||||||||||||||||||||
Building Products 0.4% | ||||||||||||||||||||||||||||||
865 | Quikrete Holdings, Inc., Term Loan B |
4.627% | 1-Month LIBOR | 2.750% | 11/15/23 | BB | 869,369 | |||||||||||||||||||||||
Capital Markets 0.2% | ||||||||||||||||||||||||||||||
488 | RPI Finance Trust, Term Loan B6 |
4.302% | 3-Month LIBOR | 2.000% | 3/27/23 | BBB | 490,824 | |||||||||||||||||||||||
Chemicals 0.9% | ||||||||||||||||||||||||||||||
655 | Axalta Coating Systems, Term Loan, First Lien |
4.302% | 3-Month LIBOR | 2.000% | 6/01/24 | BBB | 657,183 |
10
Principal Amount (000) |
Description (1) | Coupon (8) | Reference Rate (8) |
Spread (8) | Maturity (9) | Ratings (6) | Value | |||||||||||||||||||||||
Chemicals (continued) | ||||||||||||||||||||||||||||||
$ | 497 | H.B. Fuller Company, Term Loan B |
4.072% | 1-Month LIBOR | 2.250% | 10/20/24 | BB+ | $ | 500,517 | |||||||||||||||||||||
199 | Mineral Technologies, Inc., Term Loan B2 |
4.750% | N/A | N/A | 5/07/21 | BB+ | 202,112 | |||||||||||||||||||||||
668 | Univar, Inc., Term Loan B |
4.377% | 1-Month LIBOR | 2.500% | 7/01/24 | BB | 673,220 | |||||||||||||||||||||||
2,019 | Total Chemicals |
2,033,032 | ||||||||||||||||||||||||||||
Commercial Services & Supplies 0.4% | ||||||||||||||||||||||||||||||
730 | ADS Waste Holdings, Inc., Term Loan B |
3.981% | 1-Week LIBOR | 2.250% | 11/10/23 | BB+ | 732,993 | |||||||||||||||||||||||
231 | West Corporation, Term Loan B , (DD1) |
5.877% | 1-Month LIBOR | 4.000% | 10/10/24 | BB+ | 233,864 | |||||||||||||||||||||||
961 | Total Commercial Services & Supplies |
966,857 | ||||||||||||||||||||||||||||
Communications Equipment 0.1% | ||||||||||||||||||||||||||||||
192 | CommScope, Inc., Term Loan B |
3.877% | 1-Month LIBOR | 2.000% | 12/29/22 | Baa3 | 193,372 | |||||||||||||||||||||||
Containers & Packaging 0.7% | ||||||||||||||||||||||||||||||
372 | Berry Global, Inc., Term Loan Q |
3.823% | 1-Month LIBOR | 2.000% | 10/01/22 | BBB | 374,166 | |||||||||||||||||||||||
1,258 | Reynolds Group Holdings, Inc., Term Loan, First Lien |
4.627% | 1-Month LIBOR | 2.750% | 2/05/23 | B+ | 1,265,195 | |||||||||||||||||||||||
1,630 | Total Containers & Packaging |
1,639,361 | ||||||||||||||||||||||||||||
Diversified Financial Services 0.3% | ||||||||||||||||||||||||||||||
339 | Travelport LLC, Term Loan B |
4.401% | 2-Month LIBOR | 2.500% | 3/09/25 | B+ | 340,002 | |||||||||||||||||||||||
410 | Veritas US, Inc., Term Loan B1 |
6.802% | 3-Month LIBOR | 4.500% | 1/27/23 | B+ | 409,426 | |||||||||||||||||||||||
749 | Total Diversified Financial Services |
749,428 | ||||||||||||||||||||||||||||
Diversified Telecommunication Services 2.0% | ||||||||||||||||||||||||||||||
1,221 | CenturyLink, Inc., Term Loan B |
4.627% | 1-Month LIBOR | 2.750% | 1/31/25 | BBB | 1,203,492 | |||||||||||||||||||||||
770 | Frontier Communications Corporation, Term Loan B |
5.630% | 1-Month LIBOR | 3.750% | 6/15/24 | BB | 761,358 | |||||||||||||||||||||||
494 | Greeneden U.S. Holdings II LLC, Term Loan B |
5.802% | 3-Month LIBOR | 3.500% | 12/01/23 | B | 497,209 | |||||||||||||||||||||||
511 | Intelsat Jackson Holdings, S.A., Term Loan B |
5.706% | 3-Month LIBOR | 3.750% | 11/30/23 | B1 | 512,073 | |||||||||||||||||||||||
78 | Intelsat Jackson Holdings, S.A., Term Loan B4 |
6.456% | 3-Month LIBOR | 4.500% | 1/02/24 | B1 | 80,724 | |||||||||||||||||||||||
125 | Intelsat Jackson Holdings, S.A., Term Loan B5 |
6.625% | N/A | N/A | 1/02/24 | B1 | 127,138 | |||||||||||||||||||||||
227 | Level 3 Financing, Inc., Tranche B, Term Loan |
4.111% | 1-Month LIBOR | 2.250% | 2/22/24 | BBB | 227,449 | |||||||||||||||||||||||
262 | WideOpenWest Finance LLC, Term Loan B |
5.104% | 1-Month LIBOR | 3.250% | 8/18/23 | B | 257,210 | |||||||||||||||||||||||
1,000 | Ziggo B.V., Term Loan E |
4.277% | 1-Month LIBOR | 2.500% | 4/15/25 | BB | 994,115 | |||||||||||||||||||||||
4,688 | Total Diversified Telecommunication Services |
4,660,768 | ||||||||||||||||||||||||||||
Electric Utilities 0.4% | ||||||||||||||||||||||||||||||
804 | Vistra Operations Co., Term Loan B |
4.377% | 1-Month LIBOR | 2.500% | 8/04/23 | BB+ | 810,359 | |||||||||||||||||||||||
143 | Vistra Operations Co., Term Loan C |
4.377% | 1-Month LIBOR | 2.500% | 8/04/23 | BB+ | 143,968 | |||||||||||||||||||||||
947 | Total Electric Utilities |
954,327 | ||||||||||||||||||||||||||||
Electrical Equipment 0.3% | ||||||||||||||||||||||||||||||
606 | Zebra Technologies Corporation, Term Loan B |
3.753% | 3-Month LIBOR | 2.000% | 10/27/21 | BB | 609,756 | |||||||||||||||||||||||
Energy Equipment & Services 0.0% | ||||||||||||||||||||||||||||||
15 | Ocean Rig UDW, Inc., Term Loan |
8.000% | N/A | N/A | 9/20/24 | B | 15,658 | |||||||||||||||||||||||
Equity Real Estate Investment Trusts 0.9% | ||||||||||||||||||||||||||||||
563 | Communications Sales & Leasing, Inc., Shortfall Term Loan |
4.877% | 1-Month LIBOR | 3.000% | 10/24/22 | BB+ | 544,705 | |||||||||||||||||||||||
962 | SBA Communication, Incremental Tranche B1, Term Loan |
3.990% | 1-Week LIBOR | 2.250% | 3/24/21 | BB | 966,273 | |||||||||||||||||||||||
664 | Walter Investment Management Corp., Tranche Term Loan B, (7) |
7.877% | 1-Month LIBOR | 6.000% | 6/30/22 | Caa2 | 647,439 | |||||||||||||||||||||||
2,189 | Total Equity Real Estate Investment Trusts |
2,158,417 | ||||||||||||||||||||||||||||
Food & Staples Retailing 0.7% | ||||||||||||||||||||||||||||||
1,622 | Albertsons LLC, Term Loan B4 |
4.627% | 1-Month LIBOR | 2.750% | 8/25/21 | Ba2 | 1,604,323 |
11
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (8) | Reference Rate (8) |
Spread (8) | Maturity (9) | Ratings (6) | Value | |||||||||||||||||||||||
Food Products 1.2% | ||||||||||||||||||||||||||||||
$ | 573 | Jacobs Douwe Egberts, Term Loan B |
4.063% | 3-Month LIBOR | 2.250% | 7/04/22 | BB | $ | 575,791 | |||||||||||||||||||||
2,299 | US Foods, Inc., Term Loan B |
4.377% | 1-Month LIBOR | 2.500% | 6/27/23 | BBB | 2,317,008 | |||||||||||||||||||||||
2,872 | Total Food Products |
2,892,799 | ||||||||||||||||||||||||||||
Health Care Equipment & Supplies 0.4% | ||||||||||||||||||||||||||||||
400 | ConvaTec, Inc., Term Loan B |
4.552% | 3-Month LIBOR | 2.250% | 10/25/23 | BB | 400,990 | |||||||||||||||||||||||
441 | Acelity, Term Loan B |
5.552% | 3-Month LIBOR | 3.250% | 2/02/24 | B1 | 443,304 | |||||||||||||||||||||||
841 | Total Health Care Equipment & Supplies |
844,294 | ||||||||||||||||||||||||||||
Health Care Providers & Services 2.0% | ||||||||||||||||||||||||||||||
955 | Acadia Healthcare, Inc., Term Loan B3 |
4.377% | 1-Month LIBOR | 2.500% | 2/11/22 | Ba2 | 963,750 | |||||||||||||||||||||||
249 | Air Medical Group Holdings, Inc., Term Loan B |
6.015% | 1-Month LIBOR | 4.250% | 3/14/25 | B1 | 251,830 | |||||||||||||||||||||||
261 | Community Health Systems, Inc., Term Loan G |
4.734% | 3-Month LIBOR | 3.000% | 12/31/19 | B2 | 254,816 | |||||||||||||||||||||||
304 | Community Health Systems, Inc., Term Loan H |
4.984% | 3-Month LIBOR | 3.250% | 1/27/21 | B2 | 292,659 | |||||||||||||||||||||||
800 | DaVita HealthCare Partners, Inc., Tranche B, Term Loan |
4.627% | 1-Month LIBOR | 2.750% | 6/24/21 | BBB | 808,513 | |||||||||||||||||||||||
479 | Envision Healthcare Corporation, Term Loan B, First Lien |
4.880% | 1-Month LIBOR | 3.000% | 12/01/23 | BB | 481,599 | |||||||||||||||||||||||
47 | HCA, Inc., Term Loan B11 |
3.627% | 1-Month LIBOR | 1.750% | 3/17/23 | BBB | 47,077 | |||||||||||||||||||||||
1,239 | HCA, Inc., Term Loan B10 |
3.877% | 1-Month LIBOR | 2.000% | 3/13/25 | BBB | 1,249,955 | |||||||||||||||||||||||
328 | Millennium Laboratories, Inc., Term Loan B, First Lien |
8.377% | 1-Month LIBOR | 6.500% | 12/21/20 | CCC+ | 95,238 | |||||||||||||||||||||||
250 | PharMerica, Term Loan, First Lien |
5.211% | 1-Month LIBOR | 3.500% | 12/06/24 | B1 | 251,302 | |||||||||||||||||||||||
4,912 | Total Health Care Providers & Services |
4,696,739 | ||||||||||||||||||||||||||||
Health Care Technology 0.4% | ||||||||||||||||||||||||||||||
990 | Emdeon, Inc., Term Loan |
4.627% | 1-Month LIBOR | 2.750% | 3/01/24 | Ba3 | 993,529 | |||||||||||||||||||||||
Hotels, Restaurants & Leisure 3.2% | ||||||||||||||||||||||||||||||
499 | Aramark Corporation, Term Loan B1 |
3.877% | 1-Month LIBOR | 2.000% | 3/11/25 | BBB | 502,802 | |||||||||||||||||||||||
1,765 | Burger King Corporation, Term Loan B3 |
4.294% | 1-Month LIBOR | 2.250% | 2/16/24 | Ba3 | 1,768,341 | |||||||||||||||||||||||
564 | Caesars Entertainment Operating Company, Inc., Term Loan B |
4.377% | 1-Month LIBOR | 2.500% | 10/07/24 | BB | 567,678 | |||||||||||||||||||||||
748 | Caesars Resort Collection, Term Loan, First Lien |
4.627% | 1-Month LIBOR | 2.750% | 12/23/24 | BB | 753,945 | |||||||||||||||||||||||
1,071 | Hilton Hotels Corporation, Term Loan B2 |
3.872% | 1-Month LIBOR | 2.000% | 10/25/23 | BBB | 1,078,096 | |||||||||||||||||||||||
735 | MGM Growth Properties, Term Loan B |
3.877% | 1-Month LIBOR | 2.000% | 4/25/25 | BB+ | 737,870 | |||||||||||||||||||||||
1,781 | Seaworld Parks and Entertainment, Inc., Term Loan B5 |
5.302% | 3-Month LIBOR | 3.000% | 4/01/24 | B | 1,776,725 | |||||||||||||||||||||||
493 | YUM Brands, Term Loan B |
3.644% | 1-Month LIBOR | 2.000% | 3/28/25 | BBB | 492,525 | |||||||||||||||||||||||
7,656 | Total Hotels, Restaurants & Leisure |
7,677,982 | ||||||||||||||||||||||||||||
Household Products 0.6% | ||||||||||||||||||||||||||||||
709 | Revlon Consumer Products Corporation, Term Loan B, First Lien |
5.377% | 1-Month LIBOR | 3.500% | 11/16/20 | B3 | 560,922 | |||||||||||||||||||||||
631 | Serta Simmons Holdings LLC, Term Loan, First Lien |
5.216% | 3-Month LIBOR | 3.500% | 11/08/23 | B2 | 572,705 | |||||||||||||||||||||||
342 | Spectrum Brands, Inc., Refinanced Term Loan |
3.856% | 2-Month LIBOR | 2.000% | 6/23/22 | BBB | 343,062 | |||||||||||||||||||||||
1,682 | Total Household Products |
1,476,689 | ||||||||||||||||||||||||||||
Independent Power & Renewable Electricity Producers 0.1% | ||||||||||||||||||||||||||||||
135 | Dynegy, Inc., Tranche Term Loan C2 |
4.604% | 1-Month LIBOR | 2.750% | 2/07/24 | Ba1 | 135,822 | |||||||||||||||||||||||
Industrial Conglomerates 0.2% | ||||||||||||||||||||||||||||||
448 | Brand Energy & Infrastructure Services, Inc., Term Loan B, First Lien |
6.001% | 3-Month LIBOR | 4.250% | 6/16/24 | B | 452,278 | |||||||||||||||||||||||
Internet and Direct Marketing Retail 0.2% | ||||||||||||||||||||||||||||||
500 | Uber Technologies, Inc., Term Loan, (WI/DD) |
TBD | TBD | TBD | TBD | N/R | 502,890 | |||||||||||||||||||||||
Internet Software & Services 0.2% | ||||||||||||||||||||||||||||||
491 | Ancestry.com, Inc., Term Loan, First Lien |
5.130% | 1-Month LIBOR | 3.250% | 10/19/23 | B | 494,566 |
12
Principal Amount (000) |
Description (1) | Coupon (8) | Reference Rate (8) |
Spread (8) | Maturity (9) | Ratings (6) | Value | |||||||||||||||||||||||
IT Services 2.3% | ||||||||||||||||||||||||||||||
$ | 620 | Computer Sciences Government Services, Term Loan B |
5.750% | N/A | N/A | 11/30/23 | BB+ | $ | 620,912 | |||||||||||||||||||||
916 | First Data Corporation, Term Loan, First Lien |
4.122% | 1-Month LIBOR | 2.250% | 7/10/22 | BB+ | 918,574 | |||||||||||||||||||||||
412 | First Data Corporation, Term Loan, First Lien |
4.122% | 1-Month LIBOR | 2.250% | 4/26/24 | BB+ | 413,534 | |||||||||||||||||||||||
376 | Gartner, Inc., Term Loan A |
3.877% | 1-Month LIBOR | 2.000% | 3/21/22 | Ba1 | 379,641 | |||||||||||||||||||||||
248 | Gartner, Inc., Term Loan B |
3.877% | 1-Month LIBOR | 2.000% | 4/05/24 | BB+ | 249,434 | |||||||||||||||||||||||
988 | Leidos Holdings, Inc., Term Loan B |
3.688% | 1-Month LIBOR | 1.750% | 8/16/23 | BBB | 994,783 | |||||||||||||||||||||||
496 | Tempo Acquisition LLC, Term Loan B |
4.877% | 1-Month LIBOR | 3.000% | 5/01/24 | B1 | 499,275 | |||||||||||||||||||||||
472 | Vantiv, Inc., Term Loan B |
3.777% | 1-Month LIBOR | 2.000% | 10/14/23 | BBB | 475,099 | |||||||||||||||||||||||
500 | Vantiv, Inc., Term Loan B |
3.777% | 1-Month LIBOR | 2.000% | 8/09/24 | BBB | 503,215 | |||||||||||||||||||||||
491 | WEX, Inc., Term Loan B |
4.127% | 1-Month LIBOR | 2.250% | 7/01/23 | BB | 495,207 | |||||||||||||||||||||||
5,519 | Total IT Services |
5,549,674 | ||||||||||||||||||||||||||||
Leisure Products 0.5% | ||||||||||||||||||||||||||||||
1,026 | 24 Hour Fitness Worldwide, Inc., Term Loan B |
6.052% | 3-Month LIBOR | 3.750% | 5/28/21 | Ba3 | 1,036,243 | |||||||||||||||||||||||
91 | Academy, Ltd., Term Loan B |
5.776% | 1-Month LIBOR | 4.000% | 7/01/22 | B3 | 72,977 | |||||||||||||||||||||||
1,117 | Total Leisure Products |
1,109,220 | ||||||||||||||||||||||||||||
Life Sciences Tools & Services 0.2% | ||||||||||||||||||||||||||||||
371 | Inventiv Health, Inc., Term Loan B |
4.127% | 1-Month LIBOR | 2.250% | 8/01/24 | BB | 373,240 | |||||||||||||||||||||||
Machinery 0.2% | ||||||||||||||||||||||||||||||
288 | Gates Global LLC, Term Loan B |
5.052% | 3-Month LIBOR | 2.750% | 4/01/24 | B+ | 289,673 | |||||||||||||||||||||||
205 | Rexnord LLC/ RBS Global, Inc., Term Loan, First Lien |
4.111% | 1-Month LIBOR | 2.250% | 8/21/24 | BB+ | 206,564 | |||||||||||||||||||||||
493 | Total Machinery |
496,237 | ||||||||||||||||||||||||||||
Media 3.4% | ||||||||||||||||||||||||||||||
986 | Cequel Communications LLC, Term Loan B |
4.127% | 1-Month LIBOR | 2.250% | 7/28/25 | BB | 986,123 | |||||||||||||||||||||||
955 | Charter Communications Operating Holdings LLC, Term Loan B |
3.880% | 1-Month LIBOR | 2.000% | 4/30/25 | BBB | 959,729 | |||||||||||||||||||||||
250 | Cineworld Group PLC, Term Loan B |
4.377% | 1-Month LIBOR | 2.500% | 2/28/25 | BB | 249,966 | |||||||||||||||||||||||
92 | Clear Channel Communications, Inc.,Term Loan E, (7) |
0.000% | N/A | N/A | 7/30/19 | Caa2 | 73,005 | |||||||||||||||||||||||
748 | Clear Channel Communications, Inc., Tranche D, Term Loan, (7) |
0.000% | N/A | N/A | 1/30/19 | Caa2 | 592,991 | |||||||||||||||||||||||
1,079 | Cumulus Media, Inc., Term Loan B, (7) |
4.900% | 1-Month LIBOR | 3.250% | 12/23/20 | N/R | 912,080 | |||||||||||||||||||||||
295 | Gray Television, Inc., Term Loan B2 |
3.920% | 1-Month LIBOR | 2.250% | 2/07/24 | BB | 296,174 | |||||||||||||||||||||||
212 | Lions Gate Entertainment Corp., Term Loan B |
4.104% | 1-Month LIBOR | 2.250% | 3/20/25 | Ba2 | 212,907 | |||||||||||||||||||||||
667 | Meredith, Term Loan B |
4.877% | 1-Month LIBOR | 3.000% | 1/31/25 | BB | 671,500 | |||||||||||||||||||||||
84 | Nexstar Broadcasting Group, Term Loan |
4.164% | 1-Month LIBOR | 2.500% | 1/17/24 | BB+ | 84,090 | |||||||||||||||||||||||
650 | Nexstar Broadcasting Group, Term Loan B |
4.164% | 1-Month LIBOR | 2.500% | 1/17/24 | BB+ | 652,992 | |||||||||||||||||||||||
486 | Springer Science & Business Media, Inc., Term Loan B13, First Lien |
5.377% | 1-Month LIBOR | 3.500% | 8/15/22 | B | 488,098 | |||||||||||||||||||||||
1,484 | Univision Communications, Inc., Term Loan C5 |
4.627% | 1-Month LIBOR | 2.750% | 3/15/24 | BB | 1,462,457 | |||||||||||||||||||||||
113 | Yell Group PLC, Term Loan A2, First Lien |
8.000% | 3-Month LIBOR | 7.000% | 9/07/21 | N/R | 113,711 | |||||||||||||||||||||||
114 | Yell Group PLC, Term Loan B2, First Lien |
8.500% | N/A | N/A | 9/07/65 | N/R | 335,135 | |||||||||||||||||||||||
8,215 | Total Media |
8,090,958 | ||||||||||||||||||||||||||||
Multiline Retail 0.4% | ||||||||||||||||||||||||||||||
740 | Dollar Tree, Inc., Term Loan B2 |
4.250% | N/A | N/A | 7/06/22 | Baa2 | 744,166 | |||||||||||||||||||||||
250 | EG America LLC, Term Loan, First Lien, (WI/DD) |
TBD | TBD | TBD | TBD | B2 | 249,750 | |||||||||||||||||||||||
990 | Total Multiline Retail |
993,916 | ||||||||||||||||||||||||||||
Oil, Gas & Consumable Fuels 0.4% | ||||||||||||||||||||||||||||||
7 | Fieldwood Energy LLC, DIP Term Loan, (10) |
1.000% | N/A | N/A | 8/15/18 | N/R | 7,073 | |||||||||||||||||||||||
208 | Fieldwood Energy LLC, Term Loan, First Lien, (7) |
8.877% | 1-Month LIBOR | 7.000% | 8/31/20 | N/R | 207,523 | |||||||||||||||||||||||
122 | Fieldwood Energy LLC, Term Loan, Second Lien, (7) |
0.000% | N/A | N/A | 9/30/20 | N/R | 25,623 |
13
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (8) | Reference Rate (8) |
Spread (8) | Maturity (9) | Ratings (6) | Value | |||||||||||||||||||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||||||||||||||||||||||||
$ | 294 | Fieldwood Energy LLC, Term Loan, Second Lien (cash 7.002%, PIK 2.000%), (7) |
9.002% | 1-Month LIBOR | 7.125% | 9/30/20 | N/R | $ | 282,505 | |||||||||||||||||||||
162 | Harvey Gulf International Marine, Inc., Term Loan, (WI/DD) |
TBD | TBD | TBD | TBD | D | 71,758 | |||||||||||||||||||||||
22 | Harvey Gulf International Marine, Inc., Term Loan A, (WI/DD) |
TBD | TBD | TBD | TBD | D | 9,779 | |||||||||||||||||||||||
209 | Harvey Gulf International Marine, Inc., Term Loan B, (DD1), (7) |
0.000% | N/A | N/A | 6/18/20 | D | 90,571 | |||||||||||||||||||||||
404 | Seadrill Partners LLC, Initial Term Loan, (DD1) |
8.302% | 3-Month LIBOR | 6.000% | 2/21/21 | CCC+ | 340,714 | |||||||||||||||||||||||
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+ | 8,902 | |||||||||||||||||||||||
1,437 | Total Oil, Gas & Consumable Fuels |
1,044,448 | ||||||||||||||||||||||||||||
Pharmaceuticals 0.0% | ||||||||||||||||||||||||||||||
37 | Valeant Pharmaceuticals International, Inc., Term Loan B |
5.240% | 1-Month LIBOR | 3.500% | 4/01/22 | BB | 37,159 | |||||||||||||||||||||||
Professional Services 0.7% | ||||||||||||||||||||||||||||||
1,037 | Formula One Group, Term Loan B |
4.377% | 1-Month LIBOR | 2.500% | 2/01/24 | B+ | 1,036,384 | |||||||||||||||||||||||
247 | Nielsen Finance LLC, Term Loan B4 |
3.718% | 1-Month LIBOR | 2.000% | 10/04/23 | BBB | 247,900 | |||||||||||||||||||||||
500 | On Assignment, Inc., Term Loan B, (WI/DD) |
TBD | TBD | TBD | TBD | BB | 502,502 | |||||||||||||||||||||||
1,784 | Total Professional Services |
1,786,786 | ||||||||||||||||||||||||||||
Real Estate Management & Development 0.2% | ||||||||||||||||||||||||||||||
443 | Capital Automotive LP, Term Loan, First Lien |
4.380% | 1-Month LIBOR | 2.500% | 3/25/24 | B1 | 444,566 | |||||||||||||||||||||||
Semiconductors & Semiconductor Equipment 0.8% | ||||||||||||||||||||||||||||||
868 | Cavium, Inc., Term Loan B |
4.127% | 1-Month LIBOR | 2.250% | 8/16/22 | BB | 870,253 | |||||||||||||||||||||||
582 | MaxLinear, Inc., Term Loan B |
4.277% | 1-Month LIBOR | 2.500% | 5/13/24 | BB | 583,809 | |||||||||||||||||||||||
347 | Microsemi Corporation, Term Loan B |
3.742% | 2-Month LIBOR | 2.000% | 1/15/23 | BB | 347,697 | |||||||||||||||||||||||
1,797 | Total Semiconductors & Semiconductor Equipment |
|
1,801,759 | |||||||||||||||||||||||||||
Software 2.6% | ||||||||||||||||||||||||||||||
472 | BMC Software, Inc., Term Loan, First Lien |
5.127% | 1-Month LIBOR | 3.250% | 9/10/22 | B+ | 474,585 | |||||||||||||||||||||||
723 | Ellucian, Term Loan B, First Lien |
5.552% | 3-Month LIBOR | 3.250% | 9/30/22 | B | 725,657 | |||||||||||||||||||||||
609 | Infor (US), Inc., Term Loan B |
4.627% | 1-Month LIBOR | 2.750% | 2/01/22 | BB | 610,750 | |||||||||||||||||||||||
495 | Kronos Incorporated, Term Loan B |
4.880% | 2-Month LIBOR | 3.000% | 11/20/23 | B | 498,749 | |||||||||||||||||||||||
290 | McAfee LLC, Term Loan |
6.377% | 1-Month LIBOR | 4.500% | 9/30/24 | B1 | 293,284 | |||||||||||||||||||||||
129 | Micro Focus International PLC, New Term Loan |
4.627% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 127,830 | |||||||||||||||||||||||
871 | Micro Focus International PLC, Term Loan B |
4.627% | 1-Month LIBOR | 2.750% | 6/21/24 | BB | 863,265 | |||||||||||||||||||||||
1,149 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B3, (WI/DD) |
TBD | TBD | TBD | TBD | BB | 1,156,037 | |||||||||||||||||||||||
410 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B4, (WI/DD) |
TBD | TBD | TBD | TBD | BB | 412,396 | |||||||||||||||||||||||
916 | Tibco Software, Inc., Term Loan, First Lien |
5.380% | 1-Month LIBOR | 3.500% | 12/04/20 | B1 | 920,001 | |||||||||||||||||||||||
6,064 | Total Software |
|
6,082,554 | |||||||||||||||||||||||||||
Specialty Retail 0.6% | ||||||||||||||||||||||||||||||
997 | Belron Finance US LLC, Initial Term Loan B |
4.293% | 3-Month LIBOR | 2.500% | 11/07/24 | BB | 1,004,148 | |||||||||||||||||||||||
462 | Petco Animal Supplies, Inc., Term Loan B1 |
4.772% | 3-Month LIBOR | 3.000% | 1/26/23 | B2 | 340,738 | |||||||||||||||||||||||
147 | Petsmart Inc., Term Loan B, First Lien |
4.680% | 1-Month LIBOR | 3.000% | 3/11/22 | B1 | 118,624 | |||||||||||||||||||||||
1,606 | Total Specialty Retail |
|
1,463,510 | |||||||||||||||||||||||||||
Technology Hardware, Storage & Peripherals 1.1% | ||||||||||||||||||||||||||||||
742 | Dell International LLC, Refinancing Term Loan B |
3.880% | 1-Month LIBOR | 2.000% | 9/07/23 | BBB | 743,214 | |||||||||||||||||||||||
674 | Dell International LLC, Replacement Term Loan A3 |
3.380% | 1-Month LIBOR | 1.500% | 12/31/18 | BBB | 674,062 | |||||||||||||||||||||||
1,066 | Western Digital U.S., Term Loan B3 |
3.877% | 1-Month LIBOR | 2.000% | 4/29/23 | Baa2 | 1,073,116 | |||||||||||||||||||||||
2,482 | Total Technology Hardware, Storage & Peripherals |
|
2,490,392 | |||||||||||||||||||||||||||
Textiles, Apparel & Luxury Goods 0.4% | ||||||||||||||||||||||||||||||
997 | Hanesbrands, Term Loan B |
3.627% | 1-Month LIBOR | 1.750% | 12/16/24 | BBB | 1,003,525 |
14
Principal Amount (000) |
Description (1) | Coupon (8) | Reference Rate (8) |
Spread (8) | Maturity (9) | Ratings (6) | Value | |||||||||||||||||||||||
Trading Companies & Distributors 0.2% | ||||||||||||||||||||||||||||||
$ | 574 | HD Supply Waterworks, Ltd., Term Loan B |
5.116% | 3-Month LIBOR | 3.000% | 8/01/24 | B+ | $ | 577,506 | |||||||||||||||||||||
Transportation Infrastructure 0.4% | ||||||||||||||||||||||||||||||
879 | Avolon, Repriced Term Loan B2 |
4.072% | 1-Month LIBOR | 2.250% | 3/21/22 | BBB | 880,775 | |||||||||||||||||||||||
Wireless Telecommunication Services 0.8% | ||||||||||||||||||||||||||||||
990 | Sprint Corporation, Term Loan, First Lien |
4.438% | 1-Month LIBOR | 2.500% | 2/02/24 | Ba2 | 991,341 | |||||||||||||||||||||||
920 | UPC Financing Partnership, Term Loan AR1, First Lien |
4.277% | 1-Month LIBOR | 2.500% | 1/15/26 | BB | 924,005 | |||||||||||||||||||||||
1,910 | Total Wireless Telecommunication Services |
|
1,915,346 | |||||||||||||||||||||||||||
$ | 78,957 | Total Variable Rate Senior Loan Interests (cost $78,440,046) |
|
78,013,906 | ||||||||||||||||||||||||||
Shares | Description (1) | Coupon | Issue Price | Cap Price | Maturity | Value | ||||||||||||||||||||||||
STRUCTURED NOTES 1.3% (0.9% of Total Investments) |
|
|||||||||||||||||||||||||||||
12,000 | JPMorgan Chase & Co., Mandatory Exchangeable Note, Linked to Class A Common Stock of Qorvo, Inc (Cap of 114.56% of Issue Price), 144A |
10.000% | $66.2300 | $ | 75.8731 | 7/24/18 | $ | 809,640 | ||||||||||||||||||||||
18,890 | JPMorgan Chase & Co., Mandatory Exchangeable Note, Linked to Common Stock of Delta Air Lines, Inc. (Cap of 115.38% of Issue Price), 144A |
8.000% | $55.5165 | $ | 64.0549 | 7/24/18 | 1,038,950 | |||||||||||||||||||||||
78,700 | JPMorgan Chase & Co., Mandatory Exchangeable Note, Linked to Common Stock of First Data Corp (Cap of 110.12% of Issue Price), 144A |
8.000% | $16.6770 | $ | 18.3647 | 6/19/18 | 1,250,543 | |||||||||||||||||||||||
Total Structured Notes (cost $3,154,234) |
3,099,133 | |||||||||||||||||||||||||||||
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 (11) | BB | $ | 706,387 | |||||||||||||||||||||||
$ | 630 | Total $1,000 Par (or similar) Institutional Preferred (cost $630,000) |
|
706,387 | ||||||||||||||||||||||||||
Shares | Description (1) | Coupon | Ratings (6) | 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+ | $ | 701,460 | |||||||||||||||||||||||||
Total $25 Par (or similar) Retail Preferred (cost $671,550) |
|
701,460 | ||||||||||||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Ratings (6) | Value | |||||||||||||||||||||||||
CORPORATE BONDS 0.1% (0.0% of Total Investments) |
|
|||||||||||||||||||||||||||||
Media 0.1% | ||||||||||||||||||||||||||||||
$ | 132 | iHeartCommunications, Inc., (7) |
9.000% | 12/15/19 | Caa2 | $ | 104,115 | |||||||||||||||||||||||
$ | 132 | Total Corporate Bonds (cost $123,709) |
|
104,115 |
15
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
Shares | Description (1) | Value | ||||||||||||||||||||||||||||
COMMON STOCK RIGHTS 0.0% (0.0% of Total Investments) |
|
|||||||||||||||||||||||||||||
Banks 0.0% | ||||||||||||||||||||||||||||||
103 | Freeport Energy Inc., (3) |
$ | 2,403 | |||||||||||||||||||||||||||
103 | Freeport Energy Inc. |
2,403 | ||||||||||||||||||||||||||||
Total Banks |
4,806 | |||||||||||||||||||||||||||||
Total Common Stock Rights (cost $4,806) |
4,806 | |||||||||||||||||||||||||||||
Total Long-Term Investments (cost $313,026,884) |
339,428,866 | |||||||||||||||||||||||||||||
Principal Amount (000)/ Shares |
Description (1) | Coupon | Maturity | Value | ||||||||||||||||||||||||||
SHORT-TERM INVESTMENTS 5.1% (3.4% of Total Investments) | ||||||||||||||||||||||||||||||
REPURCHASE AGREEMENTS 3.2% (2.1% of Total Investments) | ||||||||||||||||||||||||||||||
$ | 7,547 | Repurchase Agreement with Fixed Income Clearing
Corporation, |
0.740% | 4/02/18 | $ | 7,546,667 | ||||||||||||||||||||||||
INVESTMENT COMPANIES 1.9% (1.3% of Total Investments) | ||||||||||||||||||||||||||||||
4,580,813 | BlackRock Liquidity Funds T-Fund Portfolio, (12) |
1.553% (13) | N/A | 4,580,813 | ||||||||||||||||||||||||||
Total Short-Term Investments (cost $12,127,480) |
12,127,480 | |||||||||||||||||||||||||||||
Total Investments (cost $325,105,042) 148.4% |
351,556,346 | |||||||||||||||||||||||||||||
Borrowings (47.7)% (14), (15) |
(112,900,000 | ) | ||||||||||||||||||||||||||||
Other Assets Less Liabilities (0.7)% (16) |
(1,772,009 | ) | ||||||||||||||||||||||||||||
Net Assets Applicable to Common Shares 100% |
$ | 236,884,337 |
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) |
||||||||||||||||||
Chinese Yuan |
$ | 4,524,000 | U.S. Dollar | $ | 712,677 | Bank of America, N.A. | 6/20/18 | $ | 6,059 | |||||||||||||||
U.S. Dollar |
536,880 | South African Rand | 6,401,000 | Barclays Bank PLC | 6/20/18 | 1,780 | ||||||||||||||||||
Euro |
45,000 | U.S. Dollar | 55,661 | BNP Paribas | 6/20/18 | 24 | ||||||||||||||||||
Polish Zloty |
775,000 | U.S. Dollar | 228,536 | Citibank, National Association | 6/20/18 | (1,812 | ) | |||||||||||||||||
Turkish Lira |
5,000 | U.S. Dollar | 1,260 | Citibank, National Association | 6/20/18 | (21 | ) | |||||||||||||||||
U.S. Dollar |
4,524,724 | Euro | 3,648,000 | Deutsche Bank AG | 6/20/18 | 10,529 | ||||||||||||||||||
U.S. Dollar |
303,061 | Euro | 245,000 | Goldman Sachs | 6/20/18 | (113 | ) | |||||||||||||||||
U.S. Dollar |
234,675 | Chinese Yuan | 1,493,000 | Goldman Sachs | 6/20/18 | (2,521 | ) | |||||||||||||||||
U.S. Dollar |
476,299 | Chinese Yuan | 3,031,000 | Goldman Sachs | 6/20/18 | (5,241 | ) | |||||||||||||||||
Euro |
112,000 | U.S. Dollar | 139,223 | HSBC Bank, USA | 6/20/18 | (629 | ) | |||||||||||||||||
Chilean Peso |
140,800,000 | U.S. Dollar | 232,820 | JPMorgan Chase Bank N.A. | 6/20/18 | 282 | ||||||||||||||||||
Egyptian Pound |
8,420,000 | U.S. Dollar | 452,445 | JPMorgan Chase Bank N.A. | 4/26/18 | 22,063 | ||||||||||||||||||
Egyptian Pound |
8,420,000 | U.S. Dollar | 438,999 | JPMorgan Chase Bank N.A. | 1/08/19 | 9,851 | ||||||||||||||||||
Indonesian Rupiah |
6,222,000,000 | U.S. Dollar | 450,152 | JPMorgan Chase Bank N.A. | 6/20/18 | 455 | ||||||||||||||||||
Peruvian Sol |
1,492,000 | U.S. Dollar | 456,479 | JPMorgan Chase Bank N.A. | 6/20/18 | 4,880 | ||||||||||||||||||
Philippine Piso |
23,620,000 | U.S. Dollar | 450,068 | JPMorgan Chase Bank N.A. | 6/20/18 | (1,189 | ) | |||||||||||||||||
U.S. Dollar |
469,604 | Egyptian Pound | 8,420,000 | JPMorgan Chase Bank N.A. | 4/26/18 | (4,904 | ) | |||||||||||||||||
U.S. Dollar |
286,073 | Brazilian Real | 933,000 | JPMorgan Chase Bank N.A. | 6/04/18 | 4,880 | ||||||||||||||||||
U.S. Dollar |
193,471 | Colombian Peso | 555,117,000 | JPMorgan Chase Bank N.A. | 6/20/18 | (4,686 | ) | |||||||||||||||||
U.S. Dollar |
138,477 | Russian Ruble | 7,951,000 | JPMorgan Chase Bank N.A. | 6/20/18 | 971 | ||||||||||||||||||
U.S. Dollar |
236,797 | Russian Ruble | 13,810,000 | JPMorgan Chase Bank N.A. | 6/20/18 | (2,036 | ) | |||||||||||||||||
Total |
$ | 38,622 |
16
Futures Contracts
Description | Contract Position |
Number of Contracts |
Expiration Date |
Notional Amount |
Value | Unrealized Appreciation (Depreciation) |
Variation Margin Receivable/ (Payable) |
|||||||||||||||||||||
Eurex Euro-Bobl |
Short | (6 | ) | 6/18 | $ | (962,870 | ) | $ | (968,979 | ) | $ | (6,109 | ) | $ | (443 | ) | ||||||||||||
Eurex Euro-Bund |
Short | (11 | ) | 6/18 | (2,128,986 | ) | (2,157,876 | ) | (28,890 | ) | (1,624 | ) | ||||||||||||||||
Eurex Euro-Buxl |
Short | (5 | ) | 6/18 | (992,524 | ) | (1,017,459 | ) | (24,935 | ) | 1,846 | |||||||||||||||||
Total |
$ | (4,084,380 | ) | $ | (4,144,314 | ) | $ | (59,934 | ) | $ | (221 | ) |
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 | 7/1/27 | $ | 2,059,896 | $ | 2,059,896 |
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). |
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 |
$ | 51,139,473 | $ | 39,519,613 | $ | | $ | 90,659,086 | ||||||||
Emerging Market Debt and Foreign Corporate Bonds |
| 86,464,089 | | 86,464,089 | ||||||||||||
Real Estate Investment Trust (REIT) Common Stocks |
79,675,884 | | | 79,675,884 | ||||||||||||
Variable Rate Senior Loan Interests |
| 78,013,906 | | 78,013,906 | ||||||||||||
Structured Notes |
| 3,099,133 | | 3,099,133 | ||||||||||||
$1,000 Par (or similar) Institutional Preferred |
| 706,387 | | 706,387 | ||||||||||||
$25 Par (or similar) Retail Preferred |
701,460 | | | 701,460 | ||||||||||||
Corporate Bonds |
| 104,115 | | 104,115 | ||||||||||||
Common Stock Rights |
4,806 | | | 4,806 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Investment Companies |
4,580,813 | | | 4,580,813 | ||||||||||||
Repurchase Agreements |
| 7,546,667 | 7,546,667 | |||||||||||||
Investments in Derivatives |
||||||||||||||||
Forward Foreign Currency Contracts* |
| 38,622 | | 38,622 | ||||||||||||
Futures Contracts* |
(59,934 | ) | | | (59,934 | ) | ||||||||||
Interest Rate Swaps* |
| 2,059,896 | | 2,059,896 | ||||||||||||
Total |
$ | 136,042,502 | $ | 217,552,428 | $ | | $ | 353,594,930 |
* | Represents net unrealized appreciation (depreciation). |
17
JDD | Nuveen Diversified Dividend and Income Fund (continued) | |
Portfolio of Investments March 31, 2018 | ||
(Unaudited) |
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 |
$ | 1,558,660 | $ | (2,321,829 | ) | $ | 2,321,829 | $ | (1,558,660 | ) | $ | | $ | |
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 March 31, 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 |
$ | 327,740,547 | ||
Gross unrealized: |
||||
Appreciation |
38,412,949 | |||
Depreciation |
(14,597,150 | ) | ||
Net unrealized appreciation (depreciation) of investments |
$ | 23,815,799 | ||
Tax cost of forwards |
$ | 38,622 | ||
Net unrealized appreciation (depreciation) of forwards |
| |||
Tax cost of futures |
$ | (59,934 | ) | |
Net unrealized appreciation (depreciation) of futures |
| |||
Tax cost of swaps |
$ | | ||
Net unrealized appreciation (depreciation) of swaps |
2,059,896 |
18
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) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
(4) | For fair value measurement disclosure purposes, investment classified as Level 2. |
(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) | 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. |
(8) | 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. |
(9) | 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. |
(10) | Investment, or portion of investment, represents an outstanding unfunded senior loan commitment. |
(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 32.1%. |
(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. |
DD1 | Portion of investment purchased on a delayed delivery basis. |
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. |
BRL | Brazilian Real |
COP | Colombian Peso |
EUR | Euro |
RUB | Russian Ruble |
ZAR | South African Rand |
19
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: May 30, 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: May 30, 2018 | ||||
By (Signature and Title) | /s/ Stephen D. Foy | |||
Stephen D. Foy | ||||
Vice President and Controller (principal financial officer) | ||||
Date: May 30, 2018 |