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 811-21471
Nuveen Tax-Advantaged Total Return Strategy Fund
(Exact name of registrant as specified in charter)
333 West Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip code)
Kevin J. McCarthyVice President and Secretary
333 West Wacker Drive, Chicago, Illinois 60606
(Name and address of agent for service)
Registrants telephone number, including area code: 312-917-7700
Date of fiscal year end: December 31
Date of reporting period: September 30, 2015
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
JTA
Nuveen Tax-Advantaged Total Return Strategy Fund | ||
Portfolio of Investments |
September 30, 2015 (Unaudited) |
Shares | Description (1) | Value | ||||||||||||
LONG-TERM INVESTMENTS 145.3% (97.0% of Total Investments) |
||||||||||||||
COMMON STOCKS 98.8% (65.9% of Total Investments) |
||||||||||||||
Air Freight & Logistics 3.6% | ||||||||||||||
151,900 | Deutsche Post AG, (3) |
$ | 4,208,083 | |||||||||||
21,200 | United Parcel Service, Inc., Class B |
2,092,228 | ||||||||||||
Total Air Freight & Logistics |
6,300,311 | |||||||||||||
Airlines 0.4% | ||||||||||||||
18,500 | Copa Holdings SA |
775,705 | ||||||||||||
Automobiles 2.4% | ||||||||||||||
25,500 | Daimler AG, Sponsored ADR, (3) |
1,857,420 | ||||||||||||
175,550 | Ford Motor Company |
2,382,214 | ||||||||||||
Total Automobiles |
4,239,634 | |||||||||||||
Banks 9.0% | ||||||||||||||
175,000 | Barclays PLC, Sponsored ADR |
2,586,500 | ||||||||||||
76,000 | Citigroup Inc. |
3,770,360 | ||||||||||||
215,300 | ING Groep N.V., Sponsored ADR |
3,042,189 | ||||||||||||
59,900 | JPMorgan Chase & Co. |
3,652,103 | ||||||||||||
56,200 | Wells Fargo & Company |
2,885,870 | ||||||||||||
Total Banks |
15,937,022 | |||||||||||||
Capital Markets 5.0% | ||||||||||||||
189,200 | Ares Capital Corporation |
2,739,616 | ||||||||||||
98,100 | Bank New York Mellon |
3,840,615 | ||||||||||||
123,400 | UBS Group AG, (3) |
2,281,434 | ||||||||||||
Total Capital Markets |
8,861,665 | |||||||||||||
Chemicals 3.4% | ||||||||||||||
57,900 | Agrium Inc. |
5,182,050 | ||||||||||||
90,300 | CVR Partners LP |
844,305 | ||||||||||||
Total Chemicals |
6,026,355 | |||||||||||||
Communications Equipment 3.3% | ||||||||||||||
112,500 | Cisco Systems, Inc. |
2,953,125 | ||||||||||||
302,800 | Ericsson, Sponsored ADR, (5) |
2,961,384 | ||||||||||||
Total Communications Equipment |
5,914,509 | |||||||||||||
Containers & Packaging 1.1% | ||||||||||||||
33,600 | Avery Dennison Corporation |
1,900,752 | ||||||||||||
Diversified Financial Services 2.7% | ||||||||||||||
549,850 | Deutsche Boerse AG, ADR, (3) |
4,712,215 | ||||||||||||
Diversified Telecommunication Services 4.1% | ||||||||||||||
116,370 | Bezeq Israeli Telecommunication Corporation Limited, ADR, (3) |
1,118,316 | ||||||||||||
131,800 | Nippon Telegraph and Telephone Corporation, ADR |
4,653,858 | ||||||||||||
153,400 | Telefonica Brasil SA |
1,418,887 | ||||||||||||
Total Diversified Telecommunication Services |
7,191,061 | |||||||||||||
Electric Utilities 1.1% | ||||||||||||||
546,300 | EDP Energias de Portugal, S.A., (3) |
2,001,384 |
Nuveen Investments | 1 |
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund | |||
Portfolio of Investments (continued) | September 30, 2015 (Unaudited) |
Shares | Description (1) | Value | ||||||||||||
Food & Staples Retailing 2.6% | ||||||||||||||
47,300 | CVS Health Corporation, (5) |
$ | 4,563,504 | |||||||||||
Food Products 1.6% | ||||||||||||||
386,800 | Orkla ASA, Sponsored ADR, (5) |
2,823,640 | ||||||||||||
Hotels, Restaurants & Leisure 0.6% | ||||||||||||||
20,200 | Cedar Fair LP, (6) |
1,062,722 | ||||||||||||
Industrial Conglomerates 2.1% | ||||||||||||||
75,800 | General Electric Company |
1,911,676 | ||||||||||||
78,500 | Philips Electronics |
1,841,610 | ||||||||||||
Total Industrial Conglomerates |
3,753,286 | |||||||||||||
Insurance 10.6% | ||||||||||||||
150,200 | Allianz S.E, Sponsored ADR, (3), (5) |
2,347,626 | ||||||||||||
33,250 | Amercian International Group, Inc. |
1,889,265 | ||||||||||||
270,000 | Aviva PLC, Sponsored ADR |
3,704,400 | ||||||||||||
232,700 | Swiss Re AG, Sponsored ADR, (3), (5) |
5,003,050 | ||||||||||||
180,500 | Unum Group, (5) |
5,790,440 | ||||||||||||
Total Insurance |
18,734,781 | |||||||||||||
Media 7.7% | ||||||||||||||
121,400 | Interpublic Group of Companies, Inc., (6) |
2,322,382 | ||||||||||||
2,099 | Metro-Goldwyn-Mayer, (2), (3) |
160,574 | ||||||||||||
107,380 | National CineMedia, Inc., (6) |
1,441,040 | ||||||||||||
153,800 | ProSiebenSat.1 Media AG, ADR, (3) |
1,874,822 | ||||||||||||
310,800 | RTL Group SA, ADR, (3) |
2,676,547 | ||||||||||||
46,200 | Time Warner Inc., (5) |
3,176,250 | ||||||||||||
3,958 | Tribune Media Company |
140,905 | ||||||||||||
3,184 | Tribune Media Company, (4) |
| ||||||||||||
989 | Tribune Publishing Company |
7,754 | ||||||||||||
43,600 | Viacom Inc., Class B |
1,881,340 | ||||||||||||
Total Media |
13,681,614 | |||||||||||||
Multiline Retail 1.1% | ||||||||||||||
25,200 | Target Corporation |
1,982,232 | ||||||||||||
Oil, Gas & Consumable Fuels 3.5% | ||||||||||||||
18,300 | Phillips 66 |
1,406,172 | ||||||||||||
39,100 | Royal Dutch Shell PLC, Class A, Sponsored ADR |
1,852,949 | ||||||||||||
54,900 | Suncor Energy, Inc. |
1,466,928 | ||||||||||||
32,200 | Total SA, Sponsored ADR |
1,439,662 | ||||||||||||
Total Oil, Gas & Consumable Fuels |
6,165,711 | |||||||||||||
Pharmaceuticals 18.3% | ||||||||||||||
58,600 | AbbVie Inc. |
3,188,426 | ||||||||||||
117,400 | AstraZeneca PLC, Sponsored ADR, (5) |
3,735,668 | ||||||||||||
134,400 | GlaxoSmithKline PLC, Sponsored ADR, (5) |
5,167,680 | ||||||||||||
46,800 | Merck & Company Inc. |
2,311,452 | ||||||||||||
131,600 | Pfzier Inc., (5) |
4,133,556 | ||||||||||||
118,800 | Roche Holdings AG, Sponsored ADR, (3) |
3,914,460 | ||||||||||||
98,850 | Sanofi-Aventis, ADR, (5) |
4,692,410 | ||||||||||||
91,350 | Teva Pharmaceutical Industries Limited, Sponsored ADR, (5) |
5,157,621 | ||||||||||||
Total Pharmaceuticals |
32,301,273 | |||||||||||||
Professional Services 1.1% | ||||||||||||||
26,400 | Adecco SA, (3) |
1,933,419 | ||||||||||||
Real Estate Investment Trust 2.9% | ||||||||||||||
99,100 | National Storage Affiliates Trust |
1,342,805 | ||||||||||||
111,600 | Paramount Group Inc. |
1,874,880 |
2 | Nuveen Investments |
Shares | Description (1) | Value | ||||||||||||||||
Real Estate Investment Trust (continued) | ||||||||||||||||||
70,400 | PennyMac Mortgage Investment Trust |
$ | 1,089,088 | |||||||||||||||
64,300 | Redwood Trust Inc. |
889,912 | ||||||||||||||||
Total Real Estate Investment Trust |
5,196,685 | |||||||||||||||||
Semiconductors & Semiconductor Equipment 1.2% | ||||||||||||||||||
48,500 | Microchip Technology Incorporated |
2,089,865 | ||||||||||||||||
Software 4.8% | ||||||||||||||||||
75,400 | Microsoft Corporation, (6) |
3,337,204 | ||||||||||||||||
145,100 | Oracle Corporation |
5,241,012 | ||||||||||||||||
Total Software |
8,578,216 | |||||||||||||||||
Technology Hardware, Storage & Peripherals 1.8% | ||||||||||||||||||
58,500 | NetApp, Inc. |
1,731,599 | ||||||||||||||||
32,600 | Seagate Technology |
1,460,479 | ||||||||||||||||
Total Technology Hardware, Storage & Peripherals |
3,192,078 | |||||||||||||||||
Tobacco 2.8% | ||||||||||||||||||
47,200 | Imperial Tobacco Group, Sponsored ADR, (3) |
4,885,200 | ||||||||||||||||
Total Common Stocks (cost $158,982,696) |
174,804,839 | |||||||||||||||||
Shares | Description (1) | Coupon | Ratings (7) | Value | ||||||||||||||
CONVERTIBLE PREFERRED SECURITIES 1.7% (1.1% of Total Investments) |
|
|||||||||||||||||
Diversified Telecommunication Services 1.7% | ||||||||||||||||||
26,160 | Frontier Communications Corporation |
11.125% | N/R | $ | 2,436,804 | |||||||||||||
29,100 | IntelSat SA |
5.750% | N/R | 544,170 | ||||||||||||||
Total Diversified Telecommunication Services |
2,980,974 | |||||||||||||||||
Total Convertible Preferred Securities (cost $4,202,447) |
2,980,974 | |||||||||||||||||
Shares | Description (1) | Coupon | Ratings (7) | Value | ||||||||||||||
$25 PAR (OR SIMILAR) RETAIL PREFERRED 8.8% (5.9% of Total Investments) |
|
|||||||||||||||||
Banks 3.6% |
||||||||||||||||||
13,800 | Boston Private Financial Holdings Inc. |
6.950% | N/R | $ | 350,796 | |||||||||||||
81,800 | Citigroup Inc., (6) |
6.875% | BB+ | 2,181,606 | ||||||||||||||
25,098 | City National Corporation |
6.750% | Baa2 | 719,058 | ||||||||||||||
6,525 | Cobank Agricultural Credit Bank, 144A, (3) |
6.250% | BBB+ | 674,522 | ||||||||||||||
3,250 | Cobank Agricultural Credit Bank, (3) |
6.125% | BBB+ | 315,352 | ||||||||||||||
17,300 | Fifth Third Bancorp. |
6.625% | Baa3 | 471,425 | ||||||||||||||
7,700 | First Republic Bank of San Francisco |
7.000% | BBB | 211,134 | ||||||||||||||
2,873 | PNC Financial Services |
6.125% | Baa2 | 78,749 | ||||||||||||||
19,240 | RBS Capital Trust |
6.080% | BB | 470,418 | ||||||||||||||
11,644 | Regions Financial Corporation |
6.375% | BB | 303,093 | ||||||||||||||
21 | TCF Financial Corporation |
7.500% | BB | 553 | ||||||||||||||
18,400 | U.S. Bancorp. |
6.500% | A3 | 528,448 | ||||||||||||||
Total Banks |
6,305,154 | |||||||||||||||||
Capital Markets 0.8% | ||||||||||||||||||
9,500 | Charles Schwab Corporation |
6.000% | BBB | 239,115 | ||||||||||||||
19,750 | Ladenburg Thalmann Financial Services Inc. |
8.000% | N/R | 459,188 | ||||||||||||||
25,675 | Morgan Stanley |
7.125% | Ba1 | 704,779 | ||||||||||||||
Total Capital Markets |
1,403,082 | |||||||||||||||||
Consumer Finance 0.7% | ||||||||||||||||||
9,200 | Capital One Financial Corporation |
6.700% | Baa3 | 243,800 | ||||||||||||||
24,160 | HSBC Finance Corporation |
6.360% | BBB | 605,450 | ||||||||||||||
8,430 | SLM Corporation, Series A |
6.970% | B1 | 372,606 | ||||||||||||||
Total Consumer Finance |
1,221,856 |
Nuveen Investments | 3 |
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund | |||
Portfolio of Investments (continued) | September 30, 2015 (Unaudited) |
Shares | Description (1) | Coupon | Ratings (7) | Value | ||||||||||||||||
Diversified Financial Services 0.1% | ||||||||||||||||||||
8,100 | KKR Financial Holdings LLC |
7.375% | BBB | $ | 211,977 | |||||||||||||||
Electric Utilities 0.4% | ||||||||||||||||||||
8,260 | Alabama Power Company, (3) |
6.500% | A3 | 218,374 | ||||||||||||||||
1,300 | Alabama Power Company, (3) |
6.450% | A3 | 34,003 | ||||||||||||||||
240 | Georgia Power Company, (3) |
6.500% | A | 24,698 | ||||||||||||||||
5,000 | Gulf Power Company, (3) |
6.450% | Baa1 | 500,179 | ||||||||||||||||
Total Electric Utilities |
777,254 | |||||||||||||||||||
Food Products 0.5% | ||||||||||||||||||||
17,700 | CHS Inc. |
7.100% | N/R | 470,112 | ||||||||||||||||
13,805 | CHS Inc. |
0.000% | N/R | 357,688 | ||||||||||||||||
Total Food Products |
827,800 | |||||||||||||||||||
Insurance 2.2% | ||||||||||||||||||||
20,089 | Allstate Corporation |
6.750% | BBB | 530,952 | ||||||||||||||||
16,250 | Arch Capital Group Limited |
6.750% | BBB+ | 419,088 | ||||||||||||||||
10,400 | Aspen Insurance Holdings Limited |
7.401% | BBB | 269,360 | ||||||||||||||||
16,310 | Aspen Insurance Holdings Limited |
7.250% | BBB | 426,017 | ||||||||||||||||
24,398 | Axis Capital Holdings Limited |
6.875% | BBB | 636,056 | ||||||||||||||||
13,580 | Endurance Specialty Holdings Limited |
7.750% | BBB | 345,204 | ||||||||||||||||
15,000 | Endurance Specialty Holdings Limited |
7.500% | BBB | 386,700 | ||||||||||||||||
17,801 | Maiden Holdings Limited |
8.250% | BB | 475,821 | ||||||||||||||||
9,600 | National General Holding Company |
7.500% | N/R | 239,520 | ||||||||||||||||
6,035 | National General Holding Company |
7.500% | N/R | 150,029 | ||||||||||||||||
Total Insurance |
3,878,747 | |||||||||||||||||||
Thrifts & Mortgage Finance 0.5% | ||||||||||||||||||||
4,631 | Astoria Financial Corporation |
6.500% | Ba2 | 116,700 | ||||||||||||||||
29,436 | Federal Agricultural Mortgage Corporation |
6.875% | N/R | 765,335 | ||||||||||||||||
Total Thrifts & Mortgage Finance |
882,035 | |||||||||||||||||||
Total $25 Par (or similar) Retail Preferred (cost $14,806,616) |
15,507,905 | |||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon (8) | Maturity (9) | Ratings (7) | Value | |||||||||||||||
VARIABLE RATE SENIOR LOANS INTERESTS 27.8% (18.6% of Total Investments) (8) |
|
|||||||||||||||||||
Aerospace & Defense 0.3% |
||||||||||||||||||||
$ | 610 | B/E Aerospace, Inc., Term Loan B, First Lien |
4.000% | 12/16/21 | BB+ | $ | 612,712 | |||||||||||||
Airlines 0.3% | ||||||||||||||||||||
486 | Delta Air Lines, Inc., Term Loan B1 |
3.250% | 10/18/18 | BBB | 486,060 | |||||||||||||||
Automobiles 1.2% | ||||||||||||||||||||
982 | Chrysler Group LLC, Term Loan B |
3.500% | 5/24/17 | BB+ | 980,463 | |||||||||||||||
1,114 | Formula One Group, Term Loan, First Lien |
4.750% | 7/30/21 | B | 1,101,108 | |||||||||||||||
2,096 | Total Automobiles |
2,081,571 | ||||||||||||||||||
Building Products 0.2% | ||||||||||||||||||||
396 | Gates Global LLC, Term Loan |
4.250% | 7/06/21 | B+ | 376,819 | |||||||||||||||
Capital Markets 0.3% | ||||||||||||||||||||
490 | Guggenheim Partners LLC, Initial Term Loan |
4.250% | 7/22/20 | N/R | 490,817 | |||||||||||||||
Chemicals 1.1% | ||||||||||||||||||||
199 | Mineral Technologies, Inc., Term Loan B2 |
4.750% | 5/07/21 | BB | 200,615 | |||||||||||||||
787 | Univar, Inc., Term Loan B, First Lien |
4.250% | 7/01/22 | BB | 775,917 | |||||||||||||||
934 | US Coatings Acquisition, Term Loan B |
3.750% | 2/01/20 | BB | 929,222 | |||||||||||||||
1,920 | Total Chemicals |
1,905,754 |
4 | Nuveen Investments |
Principal Amount (000) |
Description (1) | Coupon (8) | Maturity (9) | Ratings (7) | Value | |||||||||||||||
Commercial Services & Supplies 0.2% | ||||||||||||||||||||
$ | 1,011 | Millennium Laboratories, Inc., Tranche B, Term Loan |
5.250% | 4/16/21 | CCC+ | $ | 324,712 | |||||||||||||
Communications Equipment 0.1% | ||||||||||||||||||||
271 | Commscope, Inc., Term Loan B, First Lien |
3.750% | 5/28/22 | BB | 270,791 | |||||||||||||||
Consumer Finance 0.6% | ||||||||||||||||||||
1,000 | First Data Corporation, Term Loan, (WI/DD) |
TBD | TBD | BB | 992,891 | |||||||||||||||
Containers & Packaging 1.1% | ||||||||||||||||||||
500 | Berry Plastics Holding Corporation, Term Loan F, (WI/DD) |
TBD | TBD | BB | 499,866 | |||||||||||||||
1,527 | Reynolds Group Holdings, Inc., Incremental US Term Loan, First Lien |
4.500% | 12/01/18 | B+ | 1,529,884 | |||||||||||||||
2,027 | Total Containers & Packaging |
2,029,750 | ||||||||||||||||||
Diversified Consumer Services 0.6% | ||||||||||||||||||||
569 | Hilton Hotels Corporation, Term Loan B2 |
3.500% | 10/25/20 | BBB | 569,316 | |||||||||||||||
454 | ServiceMaster Company, Term Loan |
4.250% | 7/01/21 | BB | 455,220 | |||||||||||||||
1,023 | Total Diversified Consumer Services |
1,024,536 | ||||||||||||||||||
Diversified Telecommunication Services 0.4% | ||||||||||||||||||||
179 | Intelsat Jackson Holdings, S.A., Tranche B2, Term Loan |
3.750% | 6/30/19 | BB | 175,097 | |||||||||||||||
243 | Level 3 Financing, Inc., Term Loan B2 |
3.500% | 5/31/22 | Ba1 | 242,132 | |||||||||||||||
343 | WideOpenWest Finance LLC, Term Loan B |
4.500% | 4/01/19 | Ba3 | 340,683 | |||||||||||||||
765 | Total Diversified Telecommunication Services |
757,912 | ||||||||||||||||||
Energy Equipment & Services 0.0% | ||||||||||||||||||||
151 | Drill Rigs Holdings, Inc., Tranche B1, Term Loan |
6.000% | 3/31/21 | B | 89,479 | |||||||||||||||
Food & Staples Retailing 0.6% | ||||||||||||||||||||
993 | Albertsons LLC, Term Loan B4 |
5.500% | 8/25/21 | BB | 994,820 | |||||||||||||||
Food Products 1.1% | ||||||||||||||||||||
1,000 | Jacobs Douwe Egberts, Term Loan B |
4.250% | 7/02/22 | BB | 1,002,188 | |||||||||||||||
951 | US Foods, Inc., Incremental Term Loan |
4.500% | 3/31/19 | B2 | 952,086 | |||||||||||||||
1,951 | Total Food Products |
1,954,274 | ||||||||||||||||||
Health Care Equipment & Supplies 1.1% | ||||||||||||||||||||
1,444 | Kinetic Concepts, Inc., Incremental Term Loan E1 |
4.500% | 5/04/18 | BB | 1,444,896 | |||||||||||||||
500 | Sterigenics International, Inc., Term Loan B |
4.250% | 5/16/22 | B1 | 499,375 | |||||||||||||||
1,944 | Total Health Care Equipment & Supplies |
1,944,271 | ||||||||||||||||||
Health Care Providers & Services 2.0% | ||||||||||||||||||||
261 | Community Health Systems, Inc., Term Loan G |
3.750% | 12/31/19 | BB | 261,177 | |||||||||||||||
522 | Community Health Systems, Inc., Term Loan H |
4.000% | 1/27/21 | BB | 523,307 | |||||||||||||||
821 | DaVita HealthCare Partners, Inc., Tranche B, Term Loan |
3.500% | 6/24/21 | Ba1 | 822,088 | |||||||||||||||
798 | Drumm Investors LLC, Term Loan |
6.750% | 5/04/18 | B | 804,666 | |||||||||||||||
980 | HCA, Inc., Tranche B4, Term Loan |
3.077% | 5/01/18 | BBB | 980,678 | |||||||||||||||
74 | HCA, Inc., Tranche B5, Term Loan |
2.944% | 3/31/17 | BBB | 74,420 | |||||||||||||||
3,456 | Total Health Care Providers & Services |
3,466,336 | ||||||||||||||||||
Hotels, Restaurants & Leisure 1.8% | ||||||||||||||||||||
1,050 | Burger King Corporation, Term Loan B |
3.750% | 12/10/21 | Ba3 | 1,049,393 | |||||||||||||||
974 | MGM Resorts International, Term Loan B |
3.500% | 12/20/19 | BB | 967,481 | |||||||||||||||
1,155 | Seaworld Parks and Entertainment, Inc., Term Loan B2 |
3.000% | 5/14/20 | BB | 1,105,739 | |||||||||||||||
3,179 | Total Hotels, Restaurants & Leisure |
3,122,613 | ||||||||||||||||||
Household Durables 0.0% | ||||||||||||||||||||
95 | Tempur-Pedic International, Inc., New Term Loan B |
3.500% | 3/18/20 | BB+ | 95,068 |
Nuveen Investments | 5 |
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund | |||
Portfolio of Investments (continued) | September 30, 2015 (Unaudited) |
Principal Amount (000) |
Description (1) | Coupon (8) | Maturity (9) | Ratings (7) | Value | |||||||||||||||
Household Products 0.2% | ||||||||||||||||||||
$ | 423 | Spectrum Brands, Inc., Term Loan |
3.814% | 6/23/22 | Ba2 | $ | 425,094 | |||||||||||||
Independent Power & Renewable Electricity Producers 0.5% | ||||||||||||||||||||
983 | Calpine Corporation, Delayed Term Loan |
4.000% | 10/31/20 | BB | 981,973 | |||||||||||||||
Internet & Catalog Retail 0.3% | ||||||||||||||||||||
496 | Travelport LLC, Term Loan B, First Lien |
5.750% | 9/02/21 | B | 495,589 | |||||||||||||||
Internet Software & Services 0.5% | ||||||||||||||||||||
829 | Tibco Software, Inc., Term Loan B |
6.500% | 12/04/20 | B1 | 827,612 | |||||||||||||||
IT Services 0.4% | ||||||||||||||||||||
739 | Vantiv, Inc., Term Loan B |
3.750% | 6/13/21 | BB+ | 741,631 | |||||||||||||||
Leisure Products 0.7% | ||||||||||||||||||||
751 | 24 Hour Fitness Worldwide, Inc., Term Loan B |
4.750% | 5/28/21 | Ba3 | 709,750 | |||||||||||||||
471 | Academy, Ltd., Term Loan B |
5.000% | 6/16/22 | B | 469,749 | |||||||||||||||
1,222 | Total Leisure Products |
1,179,499 | ||||||||||||||||||
Machinery 0.4% | ||||||||||||||||||||
225 | Doosan Infracore International, Inc., Term Loan |
4.500% | 5/27/21 | BB | 225,800 | |||||||||||||||
490 | Rexnord LLC, Term Loan B |
4.000% | 8/21/20 | BB | 486,850 | |||||||||||||||
715 | Total Machinery |
712,650 | ||||||||||||||||||
Media 3.6% | ||||||||||||||||||||
499 | Cequel Communications LLC, Extended Term Loan |
3.500% | 12/14/22 | Ba2 | 495,144 | |||||||||||||||
489 | Charter Communications Operating Holdings LLC, Term Loan E |
3.000% | 7/01/20 | Baa3 | 483,748 | |||||||||||||||
747 | Clear Channel Communications, Inc., Tranche D, Term Loan |
6.944% | 1/30/19 | CCC+ | 622,098 | |||||||||||||||
92 | Clear Channel Communications, Inc.,Term Loan E |
7.694% | 7/30/19 | CCC+ | 77,257 | |||||||||||||||
940 | Cumulus Media, Inc., Term Loan B |
4.250% | 12/23/20 | B+ | 820,312 | |||||||||||||||
494 | Interactive Data Corporation, Term Loan B |
4.750% | 5/02/21 | B+ | 493,380 | |||||||||||||||
292 | Media General, Inc., Term Loan B |
4.000% | 7/31/20 | BB+ | 289,935 | |||||||||||||||
532 | Numericable Group S.A., Term Loan B1 |
4.500% | 5/21/20 | Ba3 | 529,389 | |||||||||||||||
460 | Numericable Group S.A., Term Loan B2 |
4.500% | 5/21/20 | Ba3 | 457,994 | |||||||||||||||
550 | Springer Science & Business Media, Inc., Term Loan B9, First Lien |
4.750% | 8/14/20 | B1 | 551,994 | |||||||||||||||
1,524 | Univision Communications, Inc., Replacement Term Loan, First Lien |
4.000% | 3/01/20 | B+ | 1,513,012 | |||||||||||||||
6,619 | Total Media |
6,334,263 | ||||||||||||||||||
Multiline Retail 0.8% | ||||||||||||||||||||
498 | Bass Pro Group LLC, Term Loan B, First Lien |
4.000% | 6/05/20 | BB | 496,049 | |||||||||||||||
760 | Dollar Tree, Inc., Term Loan B1 |
3.500% | 7/06/22 | BB+ | 761,659 | |||||||||||||||
240 | Dollar Tree, Inc., Term Loan B2 |
4.250% | 7/06/22 | BB+ | 240,508 | |||||||||||||||
1,498 | Total Multiline Retail |
1,498,216 | ||||||||||||||||||
Oil, Gas & Consumable Fuels 0.4% | ||||||||||||||||||||
500 | Energy Transfer Equity L.P.,Term Loan, First Lien |
3.250% | 12/02/19 | BB | 484,375 | |||||||||||||||
214 | Fieldwood Energy LLC, Term Loan, Second Lien |
8.375% | 9/30/20 | B | 61,953 | |||||||||||||||
153 | Harvey Gulf International Marine, Inc., Term Loan B |
5.500% | 6/18/20 | B | 100,548 | |||||||||||||||
61 | Southcross Holdings Borrower L.P., Holdco Term Loan |
6.000% | 8/04/21 | B | 46,700 | |||||||||||||||
928 | Total Oil, Gas & Consumable Fuels |
693,576 | ||||||||||||||||||
Pharmaceuticals 1.5% | ||||||||||||||||||||
750 | Endo Health Solutions, Inc., Term Loan B |
3.750% | 6/24/22 | Ba1 | 749,004 | |||||||||||||||
645 | Grifols, Inc., Term Loan |
3.194% | 2/27/21 | Ba1 | 646,226 | |||||||||||||||
234 | Quintiles Transnational Corp., Term Loan B |
3.250% | 5/06/22 | BB+ | 234,508 | |||||||||||||||
994 | Valeant Pharmaceuticals International, Inc., Term Loan E |
3.750% | 8/05/20 | BB+ | 981,196 | |||||||||||||||
2,623 | Total Pharmaceuticals |
2,610,934 | ||||||||||||||||||
Professional Services 0.1% | ||||||||||||||||||||
181 | Nielsen Finance LLC, Dollar Term Loan B2 |
3.199% | 4/15/21 | BBB | 181,232 |
6 | Nuveen Investments |
Principal Amount (000) |
Description (1) | Coupon (8) | Maturity (9) | Ratings (7) | Value | |||||||||||||||
Real Estate Investment Trust 0.5% | ||||||||||||||||||||
$ | 898 | Communications Sales & Leasing, Inc., Term Loan B, First Lien |
5.000% | 10/24/22 | BB | $ | 842,763 | |||||||||||||
Semiconductors & Semiconductor Equipment 1.2% | ||||||||||||||||||||
859 | Avago Technologies, Term Loan B |
3.750% | 5/06/21 | BBB | 858,974 | |||||||||||||||
496 | Freescale Semiconductor, Inc., Term Loan, Tranche B4 |
4.250% | 2/28/20 | B1 | 496,172 | |||||||||||||||
725 | NXP Semiconductor LLC, Term Loan D |
3.250% | 1/11/20 | BBB | 724,195 | |||||||||||||||
2,080 | Total Semiconductors & Semiconductor Equipment |
2,079,341 | ||||||||||||||||||
Software 2.4% | ||||||||||||||||||||
374 | Activision Blizzard, Inc., Term Loan B |
3.250% | 10/13/20 | BBB | 374,243 | |||||||||||||||
475 | BMC Software, Inc., Initial Term Loan |
5.000% | 9/10/20 | B1 | 432,765 | |||||||||||||||
795 | Ellucian, Term Loan B, First Lien, (WI/DD) |
TBD | TBD | B | 794,568 | |||||||||||||||
956 | Emdeon Business Services LLC, Term Loan B2 |
3.750% | 11/02/18 | Ba3 | 954,262 | |||||||||||||||
757 | Infor Global Solutions Intermediate Holdings, Ltd., Term Loan B5 |
3.750% | 6/03/20 | B+ | 735,858 | |||||||||||||||
794 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B1 |
4.000% | 7/08/22 | BB | 796,554 | |||||||||||||||
126 | SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., Term Loan B2 |
4.000% | 7/08/22 | BB | 126,009 | |||||||||||||||
4,277 | Total Software |
4,214,259 | ||||||||||||||||||
Specialty Retail 0.8% | ||||||||||||||||||||
558 | Burlington Coat Factory Warehouse Corporation, Term Loan B3 |
4.250% | 8/13/21 | BB | 559,891 | |||||||||||||||
449 | Petsmart, Inc., Term Loan B |
4.250% | 3/11/22 | BB | 448,827 | |||||||||||||||
400 | Staples, Inc., Term Loan B, First Lien, (WI/DD) |
TBD | TBD | BBB | 399,023 | |||||||||||||||
1,407 | Total Specialty Retail |
1,407,741 | ||||||||||||||||||
Technology Hardware, Storage & Peripherals 0.5% | ||||||||||||||||||||
985 | Dell, Inc., Term Loan B2 |
4.000% | 4/29/20 | BBB | 983,429 | |||||||||||||||
$ | 50,767 | Total Variable Rate Senior Loan Interests (cost $50,415,749) |
49,230,988 | |||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Ratings (7) | Value | |||||||||||||||
CORPORATE BONDS 0.8% (0.6% of Total Investments) |
|
|||||||||||||||||||
Banks 0.7% | ||||||||||||||||||||
$ | 475 | Bank of America Corporation |
6.250% | 3/05/65 | BB+ | $ | 464,313 | |||||||||||||
250 | Citigroup Inc. |
5.950% | 12/31/49 | BB+ | 235,625 | |||||||||||||||
150 | JPMorgan Chase & Company |
6.750% | 12/31/49 | BBB | 156,188 | |||||||||||||||
525 | M&T Bank Corporation |
6.450% | 12/31/49 | Baa2 | 556,499 | |||||||||||||||
1,400 | Total Banks |
1,412,625 | ||||||||||||||||||
Media 0.1% | ||||||||||||||||||||
133 | Clear Channel Communications, Inc. |
9.000% | 12/15/19 | CCC+ | 114,380 | |||||||||||||||
$ | 1,533 | Total Corporate Bonds (cost $1,526,387) |
1,527,005 | |||||||||||||||||
Principal Amount (000)/ Shares |
Description (1) | Coupon | Maturity | Ratings (7) | Value | |||||||||||||||
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED 7.4% (4.9% of Total Investments) |
|
|||||||||||||||||||
Banks 6.2% | ||||||||||||||||||||
$ | 2,367 | Bank of America Corporation |
6.100% | N/A (10) | BB+ | $ | 2,307,825 | |||||||||||||
1,174 | Citigroup Inc. |
5.950% | N/A (10) | BB+ | 1,157,858 | |||||||||||||||
575 | Citigroup Inc. |
5.800% | N/A (10) | BB+ | 565,944 | |||||||||||||||
200 | Citizens Financial Group Inc., 144A |
5.500% | N/A (10) | BB+ | 195,000 | |||||||||||||||
600 | General Electric Capital Corporation |
7.125% | N/A (10) | A+ | 693,000 | |||||||||||||||
2,000 | JPMorgan Chase & Company |
6.125% | N/A (10) | BBB | 1,997,500 | |||||||||||||||
250 | JPMorgan Chase & Company |
6.100% | N/A (10) | BBB | 248,375 | |||||||||||||||
300 | JPMorgan Chase & Company |
7.900% | N/A (10) | BBB | 311,625 | |||||||||||||||
500 | PNC Financial Services Inc. |
6.750% | N/A (10) | Baa2 | 542,500 | |||||||||||||||
450 | SunTrust Bank Inc. |
5.625% | N/A (10) | Baa3 | 450,000 | |||||||||||||||
2,467 | Wells Fargo & Company |
5.875% | N/A (10) | BBB | 2,525,591 |
Nuveen Investments | 7 |
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund | |||
Portfolio of Investments (continued) | September 30, 2015 (Unaudited) |
Principal Amount (000)/ Shares |
Description (1) | Coupon | Maturity | Ratings (7) | Value | |||||||||||||||
Banks (continued) | ||||||||||||||||||||
$ | 25 | Zions Bancorporation |
7.200% | N/A (10) | BB | $ | 26,719 | |||||||||||||
Total Banks |
11,021,937 | |||||||||||||||||||
Captial Markets 0.1% | ||||||||||||||||||||
225 | Morgan Stanley |
5.550% | N/A (10) | Ba1 | 221,625 | |||||||||||||||
Consumer Finance 0.7% | ||||||||||||||||||||
225 | Ally Financial Inc., 144A |
7.000% | N/A (10) | B | 225,710 | |||||||||||||||
450 | American Express Company |
5.200% | N/A (10) | Baa2 | 445,634 | |||||||||||||||
475 | Capital One Financial Corporation |
5.550% | N/A (10) | Baa3 | 469,062 | |||||||||||||||
Total Consumer Finance |
1,140,406 | |||||||||||||||||||
Food Products 0.4% | ||||||||||||||||||||
715 | Land O Lakes Incorporated, 144A |
8.000% | N/A (10) | BB | 731,088 | |||||||||||||||
Total $1,000 Par (or similar) Institutional Preferred (cost $13,123,557) |
13,115,056 | |||||||||||||||||||
Total Long-Term Investments (cost $243,057,452) |
257,166,767 | |||||||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||||||
SHORT-TERM INVESTMENTS 4.6% (3.0% of Total Investments) |
|
|||||||||||||||||||
REPURCHASE AGREEMENTS 4.6% (3.0% of Total Investments) |
|
|||||||||||||||||||
$ | 5,556 | Repurchase Agreement with Fixed Income Clearing Corporation, |
0.000% | 10/01/15 | $ | 5,555,284 | ||||||||||||||
2,518 | Repurchase Agreement with Fixed Income Clearing Corporation, |
0.000% | 10/01/15 | 2,518,235 | ||||||||||||||||
$ | 8,074 | Total Short-Term Investments (cost $8,073,519) |
8,073,519 | |||||||||||||||||
Total Investments (cost $251,130,971) 149.9% |
265,240,286 | |||||||||||||||||||
Borrowings (46.6)% (11), (12) |
(82,400,000 | ) | ||||||||||||||||||
Other Assets Less Liabilities (3.3)% (13) |
(5,909,051 | ) | ||||||||||||||||||
Net Assets Applicable to Common Shares 100% |
$ | 176,931,235 |
Investments in Derivatives as of September 30, 2015
Options Written outstanding:
Number of Contracts |
Description | Notional Amount (14) |
Expiration Date |
Strike Price |
Value | |||||||||||||||
(515) | Interpublic Group of Companies, Inc. |
$ | (1,133,000 | ) | 10/16/15 | $ | 22.0 | $ | (6,437 | ) | ||||||||||
(485) | Microchip Technology Incorporated |
(2,134,000 | ) | 10/16/15 | 44.0 | (31,525 | ) | |||||||||||||
(5) | National CineMedia, Inc. |
(8,750 | ) | 12/18/15 | 17.5 | (50 | ) | |||||||||||||
(585) | NetApp, Inc. |
(1,930,500 | ) | 12/18/15 | 33.0 | (35,978 | ) | |||||||||||||
(1,590 | ) | Total Options Written (premiums received $108,657) |
$ | (5,206,250 | ) | $ | (73,990 | ) |
Interest Rate Swaps outstanding:
Counterparty | Notional Amount |
Fund Pay/Receive Floating Rate |
Floating Rate Index | Fixed Rate (Annualized) |
Fixed Rate Payment Frequency |
Effective Date (15) |
Termination Date |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||||
JPMorgan |
$ | 18,475,000 | Receive | 1-Month USD-LIBOR-ICE | 1.462 | % | Monthly | 12/01/15 | 12/01/20 | $ | (427,036 | ) | ||||||||||||||||||||
JPMorgan |
18,475,000 | Receive | 1-Month USD-LIBOR-ICE | 1.842 | Monthly | 12/01/15 | 12/01/22 | (648,293 | ) | |||||||||||||||||||||||
$ | 36,950,000 | $ | (1,075,329 | ) |
8 | Nuveen Investments |
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 risks associated with investing in those securities. The following is a summary of the Funds fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Long-Term Investments: |
||||||||||||||||
Common Stocks |
$ | 135,830,289 | $ | 38,974,550 | $ | | * | $ | 174,804,839 | |||||||
Convertible Preferred Securities |
2,980,974 | | | 2,980,974 | ||||||||||||
$25 Par (or similar) Retail Preferred |
13,740,777 | 1,767,128 | | 15,507,905 | ||||||||||||
Variable Rate Senior Loan Interests |
| 49,230,988 | | 49,230,988 | ||||||||||||
Corporate Bonds |
| 1,527,005 | | 1,527,005 | ||||||||||||
$1,000 Par (or similar) Institutional Preferred |
| 13,115,056 | | 13,115,056 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
| 8,073,519 | | 8,073,519 | ||||||||||||
Investments in Derivatives: |
||||||||||||||||
Options Written |
(73,990 | ) | | | (73,990 | ) | ||||||||||
Interest Rate Swaps** |
| (1,075,329 | ) | | (1,075,329 | ) | ||||||||||
Total |
$ | 152,478,050 | $ | 111,612,917 | $ | | $ | 264,090,967 |
* | Value equals zero as of the end of the reporting period. |
** | Represents net unrealized appreciation (depreciation). |
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 the 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.
As of September 30, 2015, the cost of investments (excluding investments in derivatives) was $253,025,928.
Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of September 30, 2015, were as follows:
Gross unrealized: |
||||
Appreciation |
$ | 28,088,402 | ||
Depreciation |
(15,874,044 | ) | ||
Net unrealized appreciation (depreciation) of investments |
$ | 12,214,358 |
Nuveen Investments | 9 |
JTA | Nuveen Tax-Advantaged Total Return Strategy Fund | |||
Portfolio of Investments (continued) | September 30, 2015 (Unaudited) |
For Fund portfolio compliance purposes, the Funds industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
(3) | For fair value measurement disclosure purposes, investment classified as Level 2. |
(4) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. |
(5) | Investment, or portion of investment, is out on loan. The total value of investments out on loan as of the end of the reporting period was $43,979,416. |
(6) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(7) | Ratings: Using the highest of Standard & Poors Group (Standard & Poors), Moodys Investors Service, Inc. (Moodys) or Fitch, Inc. (Fitch) rating. 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. |
8) | Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. 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) | Perpetual security. Maturity date is not applicable. |
(11) | Borrowings as a percentage of Total Investments is 31.1%. |
(12) | The Fund may pledge up to 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. As of the end of the reporting period, investments with a value of $178,831,421 have been pledged as collateral for borrowings. |
(13) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter derivatives as well as the exchange-cleared and exchange-traded derivatives, when applicable. Other assets less liabilities also includes the value of options. |
(14) | For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100. |
(15) | 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 |
USD-LIBOR-ICE | United States Dollar London Inter-Bank Offered Rate Intercontinental Exchange |
(WI/DD) | Investment purchased on a when-issued or delayed delivery basis. |
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. |
10 | Nuveen Investments |
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 Tax-Advantaged Total Return Strategy Fund |
|||
By (Signature and Title) | /s/ Kevin J. McCarthy | |||
Kevin J. McCarthy | ||||
Vice President and Secretary |
Date: November 27, 2015
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/ Gifford R. Zimmerman | |||
Gifford R. Zimmerman | ||||
Chief Administrative Officer (principal executive officer) | ||||
Date: November 27, 2015 | ||||
By (Signature and Title) | /s/ Stephen D. Foy | |||
Stephen D. Foy | ||||
Vice President and Controller (principal financial officer) | ||||
Date: November 27, 2015 |