JHY Nuveen High Income 2020 Target Term Fund

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

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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

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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

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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

    

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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

    

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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:

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	For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.
(1)	All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
(2)	For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
(3)	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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