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JHY Nuveen High Income 2020 Target Term Fund

9.52
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nuveen High Income 2020 Target Term Fund NYSE:JHY NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.52 0 00:00:00

Monthly Portfolio Investments Report on Form N-port (public) (nport-p)

27/11/2019 7:47pm

Edgar (US Regulatory)


JHY
Nuveen High Income 2020 Target Term Fund
Portfolio of Investments    September 30, 2019
(Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    LONG-TERM INVESTMENTS – 113.1% (87.9% of Total Investments)            
    CORPORATE BONDS – 104.5% (81.2% of Total Investments)            
    Airlines – 6.9%            
$2,344   Air Canada, 144A     7.750% 4/15/21 BB+ $2,511,010
250   Air Canada 2015-1 Class C Pass Through Trust, 144A     5.000% 3/15/20 BBB- 251,550
3,325   American Airlines Group Inc, 144A     4.625% 3/01/20 BB- 3,345,781
2,000   Delta Air Lines Inc     3.400% 4/19/21 Baa3 2,027,874
159   Northwest Airlines 2007-1 Class A Pass Through Trust     7.027% 11/01/19 A+ 159,652
2,372   Virgin Australia Holdings Ltd, 144A     8.500% 11/15/19 B 2,375,558
10,450   Total Airlines           10,671,425
    Banks – 4.8%            
1,900   Banco Nacional de Costa Rica, 144A     5.875% 4/25/21 B1 1,930,894
3,415   CIT Group Inc     4.125% 3/09/21 BB+ 3,474,762
1,900   Turkiye Garanti Bankasi AS, 144A     6.250% 4/20/21 B+ 1,949,400
7,215   Total Banks           7,355,056
    Building Products – 1.3%            
2,000   Omnimax International Inc, 144A     12.000% 8/15/20 Caa1 1,980,000
    Chemicals – 0.9%            
1,200   CF Industries Inc     7.125% 5/01/20 BB+ 1,233,000
100   Methanex Corp     3.250% 12/15/19 Baa3 100,197
1,300   Total Chemicals           1,333,197
    Commercial Services & Supplies – 4.2%            
750   ADT Security Corp     5.250% 3/15/20 BB- 758,775
1,037   APX Group Inc     8.750% 12/01/20 CCC 1,018,853
2,000   Pitney Bowes Inc     4.125% 9/15/20 BB+ 2,012,500
2,645   RR Donnelley & Sons Co     7.875% 3/15/21 B- 2,730,962
6,432   Total Commercial Services & Supplies           6,521,090
    Consumer Finance – 5.8%            
2,000   Ally Financial Inc     4.250% 4/15/21 BBB- 2,042,500
500   Ally Financial Inc.     7.500% 9/15/20 BB+ 522,600
2,400   Credit Acceptance Corp     6.125% 2/15/21 BB 2,406,000
2,370   Navient Corp     5.000% 10/26/20 BB 2,399,625
1,500   Springleaf Finance Corp     8.250% 12/15/20 BB- 1,593,750
8,770   Total Consumer Finance           8,964,475
1

JHY Nuveen High Income 2020 Target Term Fund (continued)
  Portfolio of Investments September 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    Containers & Packaging – 6.3%            
$3,455   Ball Corp     4.375% 12/15/20 BB+ $3,525,862
300   Graphic Packaging International LLC     4.750% 4/15/21 BB+ 309,750
2,786   Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu     5.750% 10/15/20 B+ 2,792,036
451   Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu     6.875% 2/15/21 B+ 451,625
2,477   Sealed Air Corp, 144A     6.500% 12/01/20 BB+ 2,554,406
9,469   Total Containers & Packaging           9,633,679
    Diversified Financial Services – 3.5%            
3,000   Ford Motor Credit Co LLC     2.343% 11/02/20 BBB 2,982,342
2,375   Park Aerospace Holdings Ltd, 144A     3.625% 3/15/21 BBB- 2,392,337
5,375   Total Diversified Financial Services           5,374,679
    Diversified Telecommunication Services – 0.2%            
350   Cogent Communications Group Inc, 144A     5.625% 4/15/21 B- 353,063
    Electric Utilities – 1.3%            
2,000   Eskom Holdings SOC Ltd, 144A     5.750% 1/26/21 BBB+ 2,013,736
    Energy Equipment & Services – 2.8%            
2,950   Nabors Industries Inc     5.000% 9/15/20 BB 2,891,000
1,500   Pride International LLC     6.875% 8/15/20 B- 1,458,750
4,450   Total Energy Equipment & Services           4,349,750
    Equity Real Estate Investment Trust – 1.9%            
1,750   CoreCivic Inc     4.125% 4/01/20 Ba1 1,754,375
1,150   GLP Capital LP / GLP Financing II Inc     4.875% 11/01/20 BBB- 1,173,184
2,900   Total Equity Real Estate Investment Trust           2,927,559
    Food & Staples Retailing – 0.3%            
500   Smithfield Foods Inc, 144A     2.700% 1/31/20 BBB 499,706
    Health Care Providers & Services – 2.9%            
285   Acadia Healthcare Co Inc     6.125% 3/15/21 B- 285,356
4,000   HCA Inc     6.250% 2/15/21 Ba2 4,188,400
4,285   Total Health Care Providers & Services           4,473,756
    Hotels, Restaurants & Leisure – 5.2%            
800   GLP Capital LP / GLP Financing II Inc     4.375% 4/15/21 BBB- 817,584
3,006   MGM Resorts International     6.750% 10/01/20 BB 3,118,725
1,500   Scientific Games International Inc     6.250% 9/01/20 CCC+ 1,503,750
2,500   Studio City Co Ltd, 144A     5.875% 11/30/19 BB- 2,500,000
7,806   Total Hotels, Restaurants & Leisure           7,940,059
    Household Durables – 5.7%            
1,830   Lennar Corp     8.375% 1/15/21 BBB- 1,960,387
2

Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    Household Durables (continued)            
$2,299   M/I Homes Inc     6.750% 1/15/21 BB- $2,321,990
1,500   MDC Holdings Inc     5.625% 2/01/20 BBB- 1,513,125
2,500   PulteGroup Inc     4.250% 3/01/21 BB+ 2,550,000
425   Toll Brothers Finance Corp     6.750% 11/01/19 BBB- 426,275
8,554   Total Household Durables           8,771,777
    Independent Power & Renewable Electricity Producers – 1.0%            
1,500   AES Corp/VA     4.000% 3/15/21 BB+ 1,528,125
    Industrial Conglomerates – 1.0%            
1,500   Turkiye Sise ve Cam Fabrikalari AS, 144A     4.250% 5/09/20 BB- 1,502,235
    Insurance – 1.0%            
1,500   Genworth Holdings Inc     7.700% 6/15/20 B 1,533,750
    Internet & Direct Marketing Retail – 2.3%            
3,370   Netflix Inc     5.375% 2/01/21 BB- 3,474,470
    Leisure Products – 2.2%            
3,400   Mattel Inc     4.350% 10/01/20 B 3,425,500
    Machinery – 1.9%            
2,857   Briggs & Stratton Corp     6.875% 12/15/20 B 2,921,283
    Media – 3.8%            
1,300   Cablevision Systems Corp     8.000% 4/15/20 B 1,337,375
2,500   DISH DBS Corp     5.125% 5/01/20 B1 2,528,125
500   Mediacom Broadband LLC / Mediacom Broadband Corp     5.500% 4/15/21 Ba2 500,000
1,550   TEGNA Inc     5.125% 7/15/20 BB 1,551,937
5,850   Total Media           5,917,437
    Metals & Mining – 3.4%            
3,050   Allegheny Technologies Inc     5.950% 1/15/21 B 3,116,719
200   Arconic Inc     6.150% 8/15/20 BBB- 206,160
850   Arconic Inc     5.400% 4/15/21 BBB- 879,354
1,000   Gold Fields Orogen Holdings BVI Ltd, 144A     4.875% 10/07/20 Baa3 1,016,780
5,100   Total Metals & Mining           5,219,013
    Mortgage Real Estate Investment Trust – 2.0%            
3,000   Starwood Property Trust Inc     3.625% 2/01/21 BB- 3,011,250
    Multiline Retail – 1.3%            
2,150   JC Penney Corp Inc     5.650% 6/01/20 CCC+ 2,026,375
3

JHY Nuveen High Income 2020 Target Term Fund (continued)
  Portfolio of Investments September 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    Oil, Gas & Consumable Fuels – 10.5%            
$781   Chesapeake Energy Corp     6.625% 8/15/20 B+ $784,905
226   Chesapeake Energy Corp     6.875% 11/15/20 B+ 225,435
1,750   DCP Midstream Operating LP, 144A     5.350% 3/15/20 BB+ 1,763,125
1,200   Navigator Holdings Ltd, Reg S, 144A     7.750% 2/10/21 N/R 1,200,099
1,740   NuStar Logistics LP     4.800% 9/01/20 Ba2 1,768,275
1,865   NuStar Logistics LP     6.750% 2/01/21 Ba2 1,943,517
980   Petrobras Global Finance BV     5.375% 1/27/21 Ba2 1,012,830
2,250   Petroleos Mexicanos     5.500% 1/21/21 BBB+ 2,317,522
2,000   QEP Resources Inc     6.875% 3/01/21 BB- 1,985,000
1,250   Southwestern Energy Co     5.300% 1/23/20 BB 1,250,054
2,000   Whiting Petroleum Corp     5.750% 3/15/21 BB- 1,910,060
16,042   Total Oil, Gas & Consumable Fuels           16,160,822
    Pharmaceuticals – 3.1%            
1,250   Mallinckrodt International Finance SA / Mallinckrodt CB LLC, 144A     4.875% 4/15/20 CCC 775,000
4,000   Teva Pharmaceutical Finance IV LLC     2.250% 3/18/20 BBB 3,945,000
5,250   Total Pharmaceuticals           4,720,000
    Professional Services – 1.9%            
3,000   Nielsen Finance LLC / Nielsen Finance Co     4.500% 10/01/20 BB 3,007,770
    Specialty Retail – 5.1%            
1,500   Gap Inc     5.950% 4/12/21 Baa2 1,555,707
3,878   L Brands Inc     6.625% 4/01/21 Ba1 4,091,290
2,240   Penske Automotive Group Inc     3.750% 8/15/20 Ba3 2,248,512
7,618   Total Specialty Retail           7,895,509
    Technology Hardware, Storage & Peripherals – 2.4%            
3,750   EMC Corp     2.650% 6/01/20 Ba2 3,747,066
    Tobacco – 1.6%            
2,500   Pyxus International Inc, 144A     8.500% 4/15/21 B2 2,418,750
    Trading Companies & Distributors – 1.2%            
1,782   Aircastle Ltd     5.125% 3/15/21 BBB- 1,846,955
    Wireless Telecommunication Services – 4.8%            
3,735   CenturyLink Inc     5.625% 4/01/20 BB 3,786,730
3,500   Sprint Communications Inc     7.000% 8/15/20 B+ 3,612,735
7,235   Total Wireless Telecommunication Services           7,399,465
$159,260   Total Corporate Bonds (cost $160,981,892)           160,918,782
    
4

Principal Amount (000)   Description (1) Coupon Maturity Ratings (2) Value
    SOVEREIGN DEBT – 5.4% (4.2% of Total Investments)        
    Argentina – 0.3%        
$800   Argentine Republic Government International Bond 6.875% 4/22/21 Caa2 $392,008
    Egypt – 2.3%        
3,500   Egypt Government International Bond, 144A 5.750% 4/29/20 B+ 3,536,750
    Honduras – 0.3%        
500   Honduras Government International Bond 8.750% 12/16/20 BB- 533,130
    Nigeria – 0.8%        
1,250   Nigeria Government International Bond, 144A 6.750% 1/28/21 B+ 1,293,750
    Turkey – 1.7%        
2,500   Turkey Government International Bond 5.625% 3/30/21 BB- 2,562,500
$8,550   Total Sovereign Debt (cost $8,703,658)       8,318,138
    
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    CONVERTIBLE BONDS – 2.5% (2.0% of Total Investments)            
    Capital Markets – 1.2%            
$1,780   Prospect Capital Corp     4.750% 4/15/20 BBB- $1,791,116
    Construction Materials – 0.3%            
500   Cemex SAB de CV     3.720% 3/15/20 N/R 499,066
    Independent Power & Renewable Electricity Producers – 0.9%            
1,500   Clearway Energy Inc, 144A     3.250% 6/01/20 N/R 1,481,344
    Mortgage Real Estate Investment Trust – 0.1%            
150   Colony Capital Inc     3.875% 1/15/21 N/R 148,125
$3,930   Total Convertible Bonds (cost $3,906,976)           3,919,651
    
Principal
Amount (000)
  Description (1)     Coupon Maturity Ratings (2) Value
    $1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 0.7% (0.5% of Total Investments)            
    Banks  –  0.7%            
$1,000   BBVA Bancomer SA/Texas, 144A     7.250% 4/22/20 Baa3 $1,022,000
$1,000   Total $1,000 Par (or similar) Institutional Preferred (cost $1,024,520)           1,022,000
    Total Long-Term Investments (cost $174,617,046)           174,178,571
    
5

JHY Nuveen High Income 2020 Target Term Fund (continued)
  Portfolio of Investments September 30, 2019
  (Unaudited)
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 15.6% (12.1% of Total Investments)            
    REPURCHASE AGREEMENTS – 15.6%            
$23,928   Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/19, repurchase price $23,928,337 collateralized $22,025,000 U.S. Treasury Notes, 2.875%, due 5/15/28, value $24,409,449     0.850% 10/01/19   $23,927,772
    Total Short-Term Investments (cost $23,927,772)           23,927,772
    Total Investments (cost $198,544,818) – 128.7%           198,106,343
    Borrowings – (39.9)% (3), (4)           (61,500,000)
    Other Assets Less Liabilities – 11.2%           17,381,165
    Net Assets Applicable to Common Shares – 100%           $153,987,508
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Tem Investments:        
Corporate Bonds $ — $160,918,782 $ — $160,918,782
Sovereign Debt  — 8,318,138  — 8,318,138
Convertible Bonds  — 3,919,651  — 3,919,651
$1,000 Par (or similar) Institutional Preferred  — 1,022,000  — 1,022,000
Short-Term Investments:        
Repurchase Agreements  — 23,927,772  — 23,927,772
Total $ — $198,106,343 $ — $198,106,343
6

  For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.  
(1) All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.  
(2) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(3) Borrowings as a percentage of Total Investments is 31.0%.  
(4) The Fund may pledge up to 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
Reg S Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States.  
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