Edgar Filing: Nuveen Short Duration Credit Opportunities Fund

Nuveen Short Duration Credit Opportunities Fund

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 811-22518

Nuveen Short Duration Credit Opportunities 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. Zimmerman—Vice President and Secretary

333 West Wacker Drive, Chicago, Illinois 60606

(Name and address of agent for service)

Registrant’s telephone number, including area code: 312-917-7700

Date of fiscal year end: July 31

Date of reporting period: October 31, 2017

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

JSD


Nuveen Short Duration Credit Opportunities Fund
Portfolio of Investments		October 31, 2017 (Unaudited)


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		LONG-TERM INVESTMENTS – 157.6% (96.5% of Total Investments)

		VARIABLE RATE SENIOR LOAN INTERESTS – 134.6% (82.4% of Total Investments) (2)

		Aerospace & Defense – 3.3% (2.0% of Total Investments)

$	3,076	Sequa Corporation, Term Loan, First Lien		6.874%		LIBOR		5.500%		11/28/21		B	$	3,107,571
	1,062	Sequa Corporation, Term Loan, Second Lien		10.375%		LIBOR		9.000%		4/26/22		CCC		1,092,731
	1,671	Transdigm, Inc., Extend Term Loan F		4.274%		LIBOR		3.000%		6/07/23		Ba2		1,680,397
	5,809	Total Aerospace & Defense												5,880,699

		Air Freight & Logistics – 1.4% (0.8% of Total Investments)

	882	Americold Realty Operating Partnership, Term Loan B		4.992%		LIBOR		3.750%		12/01/22		BB		893,633
	861	PAE Holding Corporation, Term Loan B		6.742%		LIBOR		5.500%		10/20/22		B+		867,489
	722	XPO Logistics, Inc., Refinanced Term Loan		3.599%		LIBOR		2.250%		11/01/21		BB+		727,184
	2,465	Total Air Freight & Logistics												2,488,306

		Airlines – 2.3% (1.4% of Total Investments)

	960	American Airlines, Inc., Replacement Term Loan		3.240%		LIBOR		2.000%		6/27/20		BB+		964,394
	1,698	American Airlines, Inc., Replacement Term Loan		3.238%		LIBOR		2.000%		10/10/21		BB+		1,703,399
	1,467	American Airlines, Inc., Term Loan B		3.739%		LIBOR		2.500%		12/14/23		BB+		1,473,587
	4,125	Total Airlines												4,141,380

		Auto Components – 0.7% (0.4% of Total Investments)

	750	DexKo Global, Inc., Term Loan, First Lien		5.365%		LIBOR		4.000%		7/24/24		B		757,346
	499	Superior Industries International, Inc., Term Loan B		5.739%		LIBOR		4.500%		5/22/24		B1		502,457
	1,249	Total Auto Components												1,259,803

		Automobiles – 1.7% (1.1% of Total Investments)

	3,127	Formula One Group, Term Loan B		4.242%		LIBOR		3.000%		2/01/24		N/R		3,155,285

		Building Products – 0.8% (0.5% of Total Investments)

	1,491	Quikrete Holdings, Inc., Term Loan B		3.992%		LIBOR		2.750%		11/15/23		N/R		1,500,355

		Capital Markets – 0.4% (0.3% of Total Investments)

	744	RPI Finance Trust, Term Loan B6		3.333%		LIBOR		2.000%		3/27/23		Baa2		747,746

		Chemicals – 1.0% (0.6% of Total Investments)

	427	Ineos US Finance LLC, Term Loan, (WI/DD)		TBD		TBD		TBD		TBD		BBB–		428,608
	399	Mineral Technologies, Inc., Term Loan B2		4.750%		N/A		N/A		5/07/21		BB+		404,225
	980	Univar, Inc., Term Loan B		3.992%		LIBOR		2.750%		7/01/22		BB		986,567
	1,806	Total Chemicals												1,819,400

		Commercial Services & Supplies – 4.5% (2.8% of Total Investments)

	496	Fort Dearborn Holding Company, Inc., Term Loan, First Lien		5.335%		LIBOR		4.000%		10/19/23		B–		498,731
	1,795	iQor US, Inc., Term Loan, First Lien		6.335%		LIBOR		5.000%		4/01/21		B		1,794,645
	167	iQor US, Inc., Term Loan, Second Lien		10.085%		LIBOR		8.750%		4/01/22		CCC+		161,750
	775	KAR Auction Services, Inc., Term Loan B5		3.875%		LIBOR		2.500%		3/09/23		Ba2		782,380
	1,485	Monitronics International, Inc., Term Loan B2, First Lien		6.833%		LIBOR		5.500%		9/30/22		B2		1,473,863
	586	Protection One, Inc., Term Loan		3.992%		LIBOR		2.750%		5/02/22		BB–		591,704
	1,041	Skillsoft Corporation, Initial Term Loan, First Lien		5.992%		LIBOR		4.750%		4/28/21		B–		1,003,272
	985	Universal Services of America, Initial Term Loan, First Lien		5.083%		LIBOR		3.750%		7/28/22		B+		983,065
	882	West Corporation, Term Loan B		5.242%		LIBOR		4.000%		10/10/24		BB+		884,847
	8,212	Total Commercial Services & Supplies												8,174,257


NUVEEN			1


JSD	Nuveen Short Duration Credit Opportunities Fund
	Portfolio of Investments (continued)	October 31, 2017 (Unaudited)


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		Communications Equipment – 3.6% (2.2% of Total Investments)

$	729	Avaya, Inc., DIP Term Loan		8.739%		LIBOR		7.500%		1/24/18		N/R	$	733,709
	2,024	Avaya, Inc., Term Loan B3, (5)		6.460%		LIBOR		4.500%		10/26/17		N/R		1,685,338
	326	Avaya, Inc., Term Loan B6, (5)		6.500%		LIBOR		5.500%		3/31/18		N/R		271,615
	946	Avaya, Inc., Term Loan B7, (5)		6.500%		LIBOR		5.250%		5/29/20		N/R		788,806
	792	Colorado Buyer, Inc., Term Loan, First Lien		4.310%		LIBOR		3.000%		5/01/24		Ba3		799,559
	365	Colorado Buyer, Inc., Term Loan, Second Lien		8.570%		LIBOR		7.250%		5/01/25		B3		371,875
	842	CommScope, Inc., Term Loan B		3.366%		LIBOR		2.000%		12/29/22		Baa3		846,662
	1,000	Mitel US Holdings, Inc., Incremental Term Loan		5.130%		LIBOR		3.750%		9/25/23		B+		1,012,710
	7,024	Total Communications Equipment												6,510,274

		Construction & Engineering – 0.8% (0.5% of Total Investments)

	1,376	Traverse Midstream Partners, Term Loan B		5.330%		LIBOR		4.000%		9/21/24		B+		1,397,181

		Consumer Finance – 2.8% (1.7% of Total Investments)

	4,950	First Data Corporation, Term Loan B		3.738%		LIBOR		2.500%		4/26/24		BB+		4,976,666

		Containers & Packaging – 1.3% (0.8% of Total Investments)

	744	Berry Global, Inc., Term Loan M		3.491%		LIBOR		2.250%		10/01/22		BB		748,292
	1,652	Reynolds Group Holdings, Inc., Term Loan, First Lien		3.992%		LIBOR		2.750%		2/05/23		B+		1,663,998
	2,396	Total Containers & Packaging												2,412,290

		Diversified Consumer Services – 1.7% (1.0% of Total Investments)

	1,826	Cengage Learning Acquisitions, Inc., Term Loan B		5.485%		LIBOR		4.250%		6/07/23		B+		1,718,020
	595	Houghton Mifflin, Term Loan B, First Lien		4.242%		LIBOR		3.000%		5/28/21		B+		569,384
	746	Laureate Education, Inc., New Term Loan		5.742%		LIBOR		4.500%		4/26/24		B		751,615
	3,167	Total Diversified Consumer Services												3,039,019

		Diversified Financial Services – 1.9% (1.2% of Total Investments)

	583	Freedom Mortgage Corporation, Initial Term Loan		6.956%		LIBOR		5.500%		2/23/22		B+		594,426
	733	OM Group, Inc., Term Loan B		5.583%		LIBOR		4.250%		2/21/24		B		742,403
	2,064	Veritas US, Inc., Term Loan B1		5.833%		LIBOR		4.500%		1/27/23		B+		2,084,295
	3,380	Total Diversified Financial Services												3,421,124

		Diversified Telecommunication Services – 8.8% (5.4% of Total Investments)

	3,743	CenturyLink, Inc., Term Loan B		2.750%		N/A		N/A		1/31/25		BBB–		3,701,715
	495	DTI Holdings, Inc., Term Loan B, First Lien		6.630%		LIBOR		5.250%		10/02/23		B		486,751
	2,559	Frontier Communications Corporation, Term Loan B		4.990%		LIBOR		3.750%		1/14/20		BB+		2,442,713
	1,985	Greeneden U.S. Holdings II LLC, Term Loan B		5.083%		LIBOR		3.750%		12/01/23		B		2,000,905
	2,544	Intelsat Jackson Holdings, S.A., Tranche B2, Term Loan		4.071%		LIBOR		2.750%		6/30/19		B1		2,540,339
	2,253	WideOpenWest Finance LLC, Term Loan B		4.487%		LIBOR		3.250%		8/18/23		B		2,260,407
	499	Windstream Corporation, Term Loan B6		5.240%		LIBOR		4.000%		3/29/21		BB+		468,973
	2,000	Ziggo B.V., Term Loan E		3.739%		LIBOR		2.500%		4/15/25		BB+		2,006,820
	16,078	Total Diversified Telecommunication Services												15,908,623

		Electric Utilities – 3.1% (1.9% of Total Investments)

	450	EFS Cogen Holdings LLC, Term Loan B		4.590%		LIBOR		3.250%		6/28/23		Ba3		454,751
	2,620	Energy Future Intermediate Holding Company, DIP Term Loan		4.242%		LIBOR		3.000%		6/30/18		Ba3		2,639,474
	476	Helix Generation, Term Loan B		5.083%		LIBOR		3.750%		6/03/24		BB		481,552
	1,616	Vistra Operations Co., Term Loan B		4.011%		LIBOR		2.750%		8/04/23		BB+		1,623,655
	371	Vistra Operations Co., Term Loan C		4.084%		LIBOR		2.750%		8/04/23		BB+		373,055
	5,533	Total Electric Utilities												5,572,487

		Electrical Equipment – 0.3% (0.2% of Total Investments)

	542	TTM Technologies, Term Loan B		3.742%		LIBOR		2.500%		9/28/24		BBB–		547,361

		Energy Equipment & Services – 0.1% (0.1% of Total Investments)

	149	Drill Rigs Holdings, Inc., Restructure Term Loan		8.000%		N/A		N/A		9/20/24		B		151,765


	2			NUVEEN


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		Equity Real Estate Investment Trusts – 2.8% (1.7% of Total Investments)

$	2,501	Communications Sales & Leasing, Inc., Shortfall Term Loan		4.242%		LIBOR		3.000%		10/24/22		BB+	$	2,406,281
	2,814	Walter Investment Management Corporation, Tranche B, Term Loan, First Lien, (5)		4.992%		LIBOR		3.750%		12/18/20		Caa2		2,665,360
	5,315	Total Equity Real Estate Investment Trusts												5,071,641

		Food & Staples Retailing – 6.7% (4.1% of Total Investments)

	8,472	Albertson’s LLC, Term Loan B4, (DD1)		3.992%		LIBOR		2.750%		8/25/21		BB		8,231,679
	1,194	Albertson’s LLC, Term Loan B6		4.317%		LIBOR		3.000%		6/22/23		BB		1,158,495
	167	BJ’s Wholesale Club, Inc., Term Loan B, First Lien		4.988%		LIBOR		3.750%		2/03/24		B–		162,776
	962	Del Monte Foods Company, Term Loan, First Lien		4.570%		LIBOR		3.250%		2/18/21		CCC+		826,547
	1,125	Rite Aid Corporation, Tranche 2, Term Loan, Second Lien		5.125%		LIBOR		3.875%		6/21/21		BB		1,130,158
	666	Save-A-Lot, Term Loan B		7.242%		LIBOR		6.000%		12/05/23		B		598,015
	19	Supervalu, Inc., Delayed Draw, Term Loan B		4.742%		LIBOR		3.500%		6/02/24		BB		18,359
	31	Supervalu, Inc., Term Loan B		4.735%		LIBOR		3.500%		6/08/24		BB		30,598
	12,636	Total Food & Staples Retailing												12,156,627

		Food Products – 2.8% (1.7% of Total Investments)

	625	American Seafoods Group LLC, Term Loan B		4.572%		LIBOR		3.250%		8/21/23		BB–		633,594
	1,718	Jacobs Douwe Egberts, Term Loan B		3.563%		LIBOR		2.250%		7/02/22		BB		1,735,972
	416	Keurig Green Mountain, Inc., Term Loan A, First Lien		2.750%		LIBOR		1.500%		3/03/21		BBB–		415,011
	2,250	US Foods, Inc., New Term Loan B		4.000%		LIBOR		2.750%		6/27/23		BB		2,271,332
	5,009	Total Food Products												5,055,909

		Health Care Equipment & Supplies – 2.7% (1.7% of Total Investments)

	706	Acelity, Term Loan B		4.583%		LIBOR		3.250%		2/02/24		B1		706,337
	383	Ardent Medical Services, Inc., Term Loan B, First Lien		6.833%		LIBOR		5.500%		8/04/21		B1		384,454
	781	ConvaTec, Inc., Term Loan B		3.583%		LIBOR		2.250%		10/25/23		BB		784,364
	852	Greatbatch, Inc., Term Loan B		4.740%		LIBOR		3.500%		10/27/22		B+		856,779
	1,303	Onex Carestream Finance LP, Term Loan, First Lien		5.333%		LIBOR		4.000%		6/07/19		B+		1,307,541
	841	Onex Carestream Finance LP, Term Loan, Second Lien		9.833%		LIBOR		8.500%		12/07/19		B–		825,709
	4,866	Total Health Care Equipment & Supplies												4,865,184

		Health Care Providers & Services – 6.3% (3.8% of Total Investments)

	1,500	Air Medical Group Holdings, Inc., Term Loan B, (WI/DD)		TBD		TBD		TBD		TBD		B1		1,508,910
	997	Air Medical Group Holdings, Inc., Term Loan, First Lien		5.239%		LIBOR		4.000%		4/28/22		B1		1,002,936
	345	Community Health Systems, Inc., Term Loan G		4.067%		LIBOR		2.750%		12/31/19		BB		338,515
	615	Community Health Systems, Inc., Term Loan H		4.317%		LIBOR		3.000%		1/27/21		BB		597,160
	1,684	Envision Healthcare Corportation, Term Loan B, First Lien		4.250%		LIBOR		3.000%		12/01/23		BB–		1,693,865
	1,523	Heartland Dental Care, Inc., Term Loan, First Lien		6.090%		LIBOR		4.750%		7/28/23		B2		1,547,294
	500	Heartland Dental Care, Inc., Term Loan, Second Lien		9.750%		LIBOR		8.500%		7/31/24		CCC		505,000
	660	Millennium Laboratories, Inc., Term Loan B, First Lien		7.742%		LIBOR		6.500%		12/21/20		CCC+		326,011
	682	MultiPlan, Inc., Term Loan B		4.333%		LIBOR		3.000%		6/07/23		B+		689,223
	750	PharMerica, Term Loan, First Lien, (WI/DD)		TBD		TBD		TBD		TBD		B1		756,094
	197	Quorum Health Corp., Term Loan B		8.066%		LIBOR		6.750%		4/29/22		B2		199,862
	1,691	Select Medical Corporation, Tranche B, Term Loan		4.850%		LIBOR		3.500%		3/01/21		Ba2		1,715,172
	430	Vizient, Inc., New Term Loan B		4.742%		LIBOR		3.500%		2/13/23		BB–		433,456
	11,574	Total Health Care Providers & Services												11,313,498

		Health Care Technology – 1.2% (0.7% of Total Investments)

	674	Catalent Pharma Solutions, Inc., Term Loan B		3.492%		LIBOR		2.250%		5/31/24		BB		680,658
	1,493	Emdeon, Inc., Term Loan		3.992%		LIBOR		2.750%		3/01/24		Ba3		1,502,761
	2,167	Total Health Care Technology												2,183,419


NUVEEN			3


JSD	Nuveen Short Duration Credit Opportunities Fund
	Portfolio of Investments (continued)	October 31, 2017 (Unaudited)


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		Hotels, Restaurants & Leisure – 7.1% (4.3% of Total Investments)

$	1,968	Burger King Corporation, Term Loan B3		3.528%		LIBOR		2.250%		2/16/24		Ba3	$	1,972,522
	565	Caesars Entertainment Operating Company, Inc., Term Loan B, (DD1)		3.742%		LIBOR		2.500%		10/07/24		BB		566,145
	2,000	Caesars Resort Collection, Term Loan, First Lien, (WI/DD)		TBD		TBD		TBD		TBD		BB		2,015,000
	1,565	CCM Merger, Inc., Term Loan B		3.992%		LIBOR		2.750%		8/09/21		BB–		1,577,804
	1,649	CityCenter Holdings LLC, Term Loan B		3.742%		LIBOR		2.500%		4/18/24		BB–		1,658,921
	978	Life Time Fitness, Inc., Term Loan B		4.317%		LIBOR		3.000%		6/10/22		BB–		981,479
	2,184	Scientific Games Corporation, Term Loan B4		4.516%		LIBOR		3.250%		8/14/24		B+		2,211,705
	1,735	Station Casino LLC, Term Loan B		3.740%		LIBOR		2.500%		6/08/23		BB–		1,743,420
	12,644	Total Hotels, Restaurants & Leisure												12,726,996

		Household Products – 1.0% (0.6% of Total Investments)

	1,483	Revlon Consumer Products Corporation, Term Loan B, First Lien		4.742%		LIBOR		3.500%		11/16/20		B1		1,287,534
	449	Serta Simmons Holdings LLC, Term Loan, First Lien, (DD1)		4.830%		LIBOR		3.500%		11/08/23		B1		443,400
	1,932	Total Household Products												1,730,934

		Independent Power & Renewable Electricity Producers – 0.2% (0.1% of Total Investments)

	405	Dynegy, Inc., Tranche Term Loan C1		4.492%		LIBOR		3.250%		2/07/24		BB		407,603

		Industrial Conglomerates – 2.1% (1.3% of Total Investments)

	1,354	Brand Energy & Infrastructure Services, Inc., Term Loan B, First Lien		5.615%		LIBOR		4.250%		6/16/24		B		1,363,732
	750	Education Adisory Board, Term Loan, First Lien, (WI/DD)		TBD		TBD		TBD		TBD				752,813
	1,194	Foresight Energy LLC, Term Loan,First Lien		7.083%		LIBOR		5.750%		3/28/22		B+		1,129,524
	313	Robertshaw US Holding Corp., Term Loan, First Lien		5.750%		LIBOR		4.500%		8/02/24		B1		317,188
	150	Robertshaw US Holding Corp., Term Loan, Second Lien		10.250%		LIBOR		9.000%		2/04/25		CCC+		150,375
	3,761	Total Industrial Conglomerates												3,713,632

		Insurance – 1.0% (0.6% of Total Investments)

	498	Acrisure LLC, Term Loan, First Lien		6.272%		LIBOR		5.000%		11/22/23		B		500,609
	1,265	Hub International Holdings, Inc., Initial Term Loan		4.312%		LIBOR		3.000%		10/02/20		B1		1,276,472
	1,763	Total Insurance												1,777,081

		Internet and Direct Marketing Retail – 0.8% (0.5% of Total Investments)

	1,395	Travelport LLC, Term Loan B		4.061%		LIBOR		2.750%		8/31/21		B+		1,398,738

		Internet Software & Services – 2.8% (1.7% of Total Investments)

	990	Ancestry.com, Inc., Term Loan, First Lien		4.490%		LIBOR		3.250%		10/19/23		B1		1,002,583
	764	Rackspace Hosting, Inc., Term Loan B		4.311%		LIBOR		3.000%		11/03/23		Ba3		764,898
	1,282	Sabre, Inc., Term Loan B		3.492%		LIBOR		2.250%		2/22/24		Ba2		1,289,747
	1,109	SkillSoft Corporation, Term Loan, Second Lien		9.492%		LIBOR		8.250%		4/28/22		CCC		950,877
	748	TierPoint LLC, Term Loan, First Lien		4.992%		LIBOR		3.750%		5/05/24		BB		757,009
	250	TierPoint LLC, Term Loan, Second Lien		8.492%		LIBOR		7.250%		5/05/25		B–		254,688
	5,143	Total Internet Software & Services												5,019,802

		IT Services – 2.9% (1.8% of Total Investments)

	750	DigiCert, Term Loan, First Lien, (WI/DD)		TBD		TBD		TBD		TBD		B+		760,155
	694	Gartner, Inc., Term Loan A		3.242%		LIBOR		2.000%		3/21/22		BB+		698,086
	498	Gartner, Inc., Term Loan B		3.242%		LIBOR		2.000%		4/05/24		BB+		502,164
	500	PEAK 10, Inc., Term Loan B		4.811%		LIBOR		3.500%		8/01/24		B		503,673
	280	PEAK 10, Inc., Term Loan, Second Lien		8.561%		LIBOR		7.250%		8/01/25		CCC+		288,225
	998	Tempo Acquisition LLC, Term Loan B		4.242%		LIBOR		3.000%		5/01/24		B1		1,002,178
	586	Vantiv, Inc., Term Loan B		3.239%		LIBOR		2.000%		8/07/24		BBB–		590,400
	164	Vantiv, Inc., Term Loan B1, (WI/DD)		TBD		TBD		TBD		TBD		BBB–		165,079
	741	WEX, Inc., Term Loan B		3.992%		LIBOR		2.750%		7/01/23		BB–		749,950
	5,211	Total IT Services												5,259,910


	4			NUVEEN


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		Leisure Products – 1.7% (1.1% of Total Investments)

$	1,031	24 Hour Fitness Worldwide, Inc., Term Loan B		5.085%		LIBOR		3.750%		5/28/21		Ba3	$	1,033,891
	1,073	Academy, Ltd., Term Loan B		5.264%		LIBOR		4.000%		7/01/22		B3		796,008
	1,255	Equinox Holdings, Inc., Term Loan, First Lien		4.492%		LIBOR		3.250%		3/08/24		B+		1,265,746
	3,359	Total Leisure Products												3,095,645

		Machinery – 1.2% (0.7% of Total Investments)

	961	Gardner Denver, Inc., Term Loan B		4.083%		LIBOR		2.750%		7/30/24		B+		967,498
	633	Gates Global LLC, Initial Dollar Term Loan B1		4.583%		LIBOR		3.250%		4/01/24		B+		638,388
	583	TNT Crane and Rigging Inc., Initial Term Loan, First Lien		5.833%		LIBOR		4.500%		11/27/20		B3		551,250
	2,177	Total Machinery												2,157,136

		Marine – 0.3% (0.2% of Total Investments)

	694	American Commercial Lines LLC, Term Loan B, First Lien		9.992%		LIBOR		8.750%		11/12/20		B–		538,523

		Media – 10.8% (6.6% of Total Investments)

	839	Advantage Sales & Marketing, Inc., Term Loan, First Lien		4.628%		LIBOR		3.250%		7/23/21		B1		796,833
	995	Affinion Group Holdings, Inc., Term Loan, First Lien		9.059%		LIBOR		7.750%		5/10/22		B2		1,002,930
	477	Catalina Marketing Corporation, Term Loan, First Lien		4.742%		LIBOR		3.500%		4/09/21		B1		394,931
	500	Catalina Marketing Corporation, Term Loan, Second Lien		7.992%		LIBOR		6.750%		4/11/22		Caa1		275,625
	2,812	Clear Channel Communications, Inc., Tranche D, Term Loan		8.083%		LIBOR		6.750%		1/30/19		Caa1		2,117,345
	2,382	Clear Channel Communications, Inc., Term Loan E		8.833%		LIBOR		7.500%		7/30/19		Caa1		1,794,551
	2,693	Cumulus Media, Inc., Term Loan B, (5)		4.500%		LIBOR		3.250%		12/23/20		Caa1		2,352,816
	901	Emerald Expositions Holdings, Inc., Term Loan B		4.333%		LIBOR		3.000%		5/17/24		BB		913,706
	960	Getty Images, Inc., Term Loan B, First Lien		4.833%		LIBOR		3.500%		10/18/19		B3		840,811
	444	Gray Television, Inc., Term Loan B2		3.735%		LIBOR		2.500%		2/07/24		BB		448,120
	726	IMG Worldwide, Inc., Term Loan, First Lien		4.640%		LIBOR		3.250%		5/06/21		B+		731,996
	463	Lions Gate Entertainment Corporation, Term Loan B		4.242%		LIBOR		3.000%		12/08/23		Ba2		466,549
	833	LSC Communications, Term Loan		7.203%		LIBOR		6.000%		9/30/22		Ba3		840,625
	1,975	McGraw-Hill Education Holdings LLC, Term Loan B		5.242%		LIBOR		4.000%		5/02/22		BB+		1,975,207
	249	Nexstar Broadcasting Group, Term Loan, (DD1)		3.735%		LIBOR		2.500%		1/17/24		BB+		251,111
	1,983	Nexstar Broadcasting Group, Term Loan B, (DD1)		3.735%		LIBOR		2.500%		1/17/24		BB–		1,997,941
	250	Red Ventures, Term Loan B, (WI/DD)		TBD		TBD		TBD		TBD		B+		248,750
	977	Springer Science & Business Media, Inc., Term Loan B13, First Lien		4.742%		LIBOR		3.500%		8/14/22		B		981,752
	1,000	Virgin Media Investment Holdings, Limited Term Loan I		3.989%		LIBOR		2.750%		1/31/25		BB–		1,005,125
	21,459	Total Media												19,436,724

		Metals & Mining – 1.2% (0.8% of Total Investments)

	873	CanAm Construction, Inc., Term Loan B		6.738%		LIBOR		5.500%		7/01/24		B		882,632
	497	Fairmount Minerals, Ltd., Term Loan B1, First Lien		6.750%		LIBOR		5.750%		9/05/19		B+		496,737
	831	Zekelman Industries, Term Loan B		4.073%		LIBOR		2.750%		6/14/21		BB–		838,022
	2,201	Total Metals & Mining												2,217,391

		Multiline Retail – 0.7% (0.4% of Total Investments)

	895	Belk, Inc., Term Loan B, First Lien		6.099%		LIBOR		4.750%		12/12/22		B2		743,595
	461	Hudson’s Bay Company, Term Loan B, First Lien		4.522%		LIBOR		3.250%		9/30/22		BB–		450,346
	1,356	Total Multiline Retail												1,193,941

		Oil, Gas & Consumable Fuels – 3.9% (2.4% of Total Investments)

	1,091	BCP Renaissance Parent, Term Loan B, (WI/DD)		TBD		TBD		TBD		TBD		BB–		1,105,227
	750	California Resources Corporation, Term Loan		11.612%		LIBOR		10.375%		12/31/21		B		806,873
	287	California Resources Corporation, Term Loan A, First Lien		4.242%		LIBOR		3.000%		11/25/19		B1		277,920
	389	Crestwood Holdings LLC, Term Loan B		9.237%		LIBOR		8.000%		6/19/19		B–		390,579


NUVEEN			5


JSD	Nuveen Short Duration Credit Opportunities Fund
	Portfolio of Investments (continued)	October 31, 2017 (Unaudited)


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		Oil, Gas & Consumable Fuels (continued)

$	90	Energy and Exploration Partners, Term Loan, Second Lien, (cash 5.000%, PIK 5.000%)		5.000%		N/A		N/A		5/13/22			$	5,865
	500	Fieldwood Energy LLC, Term Loan, First Lien		4.208%		LIBOR		2.875%		10/01/18		B–		479,375
	786	Fieldwood Energy LLC, Term Loan, First Lien		8.333%		LIBOR		7.000%		8/31/20		B–		716,642
	508	Fieldwood Energy LLC, Term Loan, Second Lien		8.458%		LIBOR		7.125%		9/30/20		CCC–		192,332
	1,463	Fieldwood Energy LLC, Term Loan, Second Lien		8.458%		LIBOR		7.125%		9/30/20		B–		1,050,728
	1,637	Harvey Gulf International Marine, Inc., Term Loan B, (5)		0.000%		N/A		N/A		6/18/20		CCC–		590,323
	762	Peabody Energy Corporation, Term Loan B		4.742%		LIBOR		3.500%		3/31/22		Ba3		769,048
	905	Seadrill Partners LLC, Initial Term Loan		4.333%		LIBOR		3.000%		2/21/21		CCC+		691,922
	18	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+		15,353
	9,186	Total Oil, Gas & Consumable Fuels												7,092,187

		Pharmaceuticals – 3.3% (2.0% of Total Investments)

	1,359	Concordia Healthcare Corporation, Term Loan B, First Lien, (DD1)		5.492%		LIBOR		4.250%		10/21/21		Caa2		1,137,438
	1,990	Grifols, Inc., Term Loan B		3.453%		LIBOR		2.250%		1/31/25		BB		1,999,373
	2,731	Pharmaceutical Product Development, Inc., Term Loan, First Lien		4.040%		LIBOR		2.750%		8/18/22		Ba3		2,749,216
	74	Valeant Pharmaceuticals International, Inc., Series F3, Tranche B, Term Loan		5.990%		LIBOR		4.750%		4/01/22		BB–		75,486
	6,154	Total Pharmaceuticals												5,961,513

		Professional Services – 1.1% (0.7% of Total Investments)

	919	Ceridian Corporation, Term Loan B2		4.739%		LIBOR		3.500%		9/15/20		Ba3		920,393
	995	Nielsen Finance LLC, Term Loan B4		3.238%		LIBOR		2.000%		10/04/23		BBB–		999,975
	1,914	Total Professional Services												1,920,368

		Real Estate Management & Development – 1.7% (1.0% of Total Investments)

	1,096	Capital Automotive LP, Term Loan, First Lien		4.250%		LIBOR		3.000%		3/25/24		B1		1,099,934
	1,832	Capital Automotive LP, Term Loan, Second Lien		7.240%		LIBOR		6.000%		3/24/25		CCC+		1,887,090
	2,928	Total Real Estate Management & Development												2,987,024

		Road & Rail – 0.5% (0.3% of Total Investments)

	983	Quality Distribution, Incremental Term Loan, First Lien		6.833%		LIBOR		5.500%		8/18/22		B2		979,223

		Semiconductors & Semiconductor Equipment – 2.0% (1.2% of Total Investments)

	858	Lumileds, Term Loan, First Lien		5.817%		LIBOR		4.500%		6/30/24		Ba3		870,826
	988	Micron Technology, Inc., New Term Loan B		3.390%		LIBOR		2.000%		4/26/22		Baa2		998,609
	693	Microsemi Corporation, Term Loan B		3.488%		LIBOR		2.250%		1/17/23		BB		697,245
	1,009	On Semiconductor Corp., New Term Loan B		3.492%		LIBOR		2.250%		3/31/23		Ba1		1,014,714
	3,548	Total Semiconductors & Semiconductor Equipment												3,581,394

		Software – 12.8% (7.8% of Total Investments)

	879	Blackboard, Inc., Term Loan B4		6.354%		LIBOR		5.000%		6/30/21		B+		844,293
	1,944	BMC Software, Inc., Initial Term Loan B1		5.242%		LIBOR		3.750%		9/10/22		B+		1,959,681
	621	Computer Sciences Government Services, Term Loan B		3.333%		LIBOR		2.000%		11/30/23		BBB		625,073
	1,744	Compuware Corporation, Term Loan B2, First Lien		5.630%		LIBOR		4.250%		12/15/21		B		1,772,355
	115	Compuware Corporation, Term Loan, Second Lien		9.616%		LIBOR		8.250%		12/15/22		B–		116,806
	694	Ellucian, Term Loan B, First Lien		4.583%		LIBOR		3.250%		9/30/22		B		694,275
	2,046	Infor (US), Inc., Term Loan B		4.083%		LIBOR		2.750%		2/01/22		BB		2,051,686
	1,477	Informatica Corp., Term Loan B		4.833%		LIBOR		3.500%		8/05/22		B		1,482,810
	993	Kronos Incorporated, Term Loan, First Lien		4.812%		LIBOR		3.500%		11/01/23		B		1,000,706
	1,250	McAfee Holdings International, Inc., Term Loan, First Lien		5.833%		LIBOR		4.500%		9/27/24		B1		1,259,819
	500	McAfee Holdings International, Inc., Term Loan, Second Lien		9.833%		LIBOR		8.500%		9/29/25		B–		509,220
	322	Micro Focus International PLC, New Term Loan		3.989%		LIBOR		2.750%		6/21/24		BB–		324,059
	2,178	Micro Focus International PLC, Term Loan B		3.988%		LIBOR		2.750%		6/21/24		BB–		2,188,453


	6			NUVEEN


Principal Amount (000)		Description (1)	Coupon (2)		Reference Rate (2)		Spread (2)		Maturity (3)		Ratings (4)		Value

		Software (continued)

$	1,261	Micro Focus International PLC, Term Loan B2		3.742%		LIBOR		2.500%		11/19/21		BB–	$	1,266,930
	694	Misys, New Term Loan, Second Lien		8.567%		LIBOR		7.250%		6/13/25		BB–		691,728
	744	RP Crown Parent, LLC, Term Loan B		4.242%		LIBOR		3.000%		10/15/23		B1		749,649
	524	SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., 2017 Refinancing New Term Loan B1		3.492%		LIBOR		2.250%		7/08/22		BB+		527,850
	25	SS&C Technologies, Inc./ Sunshine Acquisition II, Inc., 2017 Refinancing New Term Loan B2		3.492%		LIBOR		2.250%		7/08/22		BB+		25,420
	3,221	Tibco Software, Inc., Term Loan, First Lien		4.750%		LIBOR		3.500%		12/04/20		B1		3,245,534
	743	Vertafore, Inc., Term Loan, First Lien		4.492%		LIBOR		3.250%		6/30/23		B		748,440
	968	Vertiv Co., New Term Loan B		5.242%		LIBOR		4.000%		11/30/23		Ba3		976,749
	22,943	Total Software												23,061,536

		Specialty Retail – 0.6% (0.4% of Total Investments)

	927	Petco Animal Supplies, Inc., Term Loan B1		4.380%		LIBOR		3.000%		1/26/23		B1		761,373
	303	Petsmart Inc., Term Loan B, First Lien		4.240%		LIBOR		3.000%		3/11/22		Ba3		259,626
	1,230	Total Specialty Retail												1,020,999

		Technology Hardware, Storage & Peripherals – 7.3% (4.5% of Total Investments)

	650	Conduent, Inc., Term Loan B		4.242%		LIBOR		3.000%		12/07/23		BB+		657,769
	3,718	Dell International LLC, Refinancing Term Loan B		3.250%		LIBOR		2.000%		9/07/23		BBB–		3,731,329
	1,925	Dell International LLC, Replacement Term Loan A2		3.000%		LIBOR		1.750%		9/07/21		BBB–		1,929,495
	441	Dell International LLC, Replacement Term Loan A3		2.750%		LIBOR		1.500%		12/31/18		BBB–		441,857
	969	Dell Software Group, Term Loan B		7.380%		LIBOR		6.000%		10/31/22		B1		981,486
	5,439	Western Digital, Inc., New Term Loan B		3.990%		LIBOR		2.750%		4/29/23		BBB–		5,469,494
	13,142	Total Technology Hardware, Storage & Peripherals												13,211,430

		Trading Companies & Distributors – 1.3% (0.8% of Total Investments)

	2,358	Avolon, Repriced Term Loan B2		3.488%		LIBOR		2.250%		3/21/22		BBB-		2,379,219

		Transportation Infrastructure – 0.7% (0.4% of Total Investments)

	65	Ceva Group PLC, Canadian Term Loan		6.878%		LIBOR		5.500%		3/19/21		B–		63,019
	378	Ceva Group PLC, Dutch B.V., Term Loan		6.878%		LIBOR		5.500%		3/19/21		B–		365,509
	371	Ceva Group PLC, Synthetic Letter of Credit Term Loan		1.233%		N/A		N/A		3/19/21		B–		359,165
	521	Ceva Group PLC, US Term Loan		6.878%		LIBOR		5.500%		3/19/21		B–		504,150
	1,335	Total Transportation Infrastructure												1,291,843

		Wireless Telecommunication Services – 2.6% (1.6% of Total Investments)

	2,985	Sprint Corporation, Term Loan, First Lien		3.750%		LIBOR		2.500%		2/02/24		Ba2		2,999,611
	1,167	Syniverse Holdings, Inc., Initial Term Loan B, First Lien		4.242%		LIBOR		3.000%		4/23/19		B		1,139,446
	594	Syniverse Technologies, Inc., Tranche B, Term Loan		4.333%		LIBOR		3.000%		4/23/19		B		580,087
	4,746	Total Wireless Telecommunication Services												4,719,144
$	249,157	Total Variable Rate Senior Loan Interests (cost $244,608,590)												242,630,235

Shares		Description (1)											Value

		COMMON STOCKS – 1.7% (1.0% of Total Investments)

		Diversified Consumer Services – 0.2% (0.1% of Total Investments)

	39,749	Cengage Learning Holdings II LP, (6)											$	290,684

		Energy Equipment & Services – 1.2% (0.7% of Total Investments)

	39,988	C&J Energy Services Inc.												1,139,258
	26,111	Ocean Rig UDW Inc.												699,253
	1,318	Vantage Drill International												244,709
		Total Energy Equipment & Services												2,083,220

		Health Care Providers & Services – 0.0% (0.0% of Total Investments)

	13,189	Millenium Health LLC												6,595


NUVEEN			7


JSD	Nuveen Short Duration Credit Opportunities Fund
	Portfolio of Investments (continued)	October 31, 2017 (Unaudited)


Shares		Description (1)							Value

		Oil, Gas & Consumable Fuels – 0.0% (0.0% of Total Investments)

	41	Energy and Exploration Partners, Inc., (7)							$	—
	18	Southcross Holdings Borrower LP								11,700
		Total Oil, Gas & Consumable Fuels								11,700

		Semiconductors & Semiconductor Equipment – 0.1% (0.1% of Total Investments)

	7,157	Smart Global Holdings, Inc., (7)								218,279

		Specialty Retail – 0.2% (0.1% of Total Investments)

	5,454	Gymboree Corporation								97,883
	14,849	Gymboree Corporation								345,239
		Total Specialty Retail								443,122
		Total Common Stocks (cost $6,175,045)								3,053,600

Principal Amount (000)		Description (1)	Coupon		Maturity		Ratings (4)		Value

		CORPORATE BONDS – 21.3% (13.1% of Total Investments)

		Communications Equipment – 0.1% (0.1% of Total Investments)

$	85	Avaya Inc., 144A, (5)		7.000%		4/01/19		N/R	$	71,400
	2,085	Avaya Inc., 144A, (5)		10.500%		3/01/21		N/R		127,706
	2,170	Total Communications Equipment								199,106

		Diversified Telecommunication Services – 5.7% (3.5% of Total Investments)

	1,094	Inelsat Connect Finance SA, 144A		12.500%		4/01/22		CCC–		1,036,565
	2,815	IntelSat Jackson Holdings		5.500%		8/01/23		CCC+		2,403,306
	1,790	IntelSat Jackson Holdings		9.750%		7/15/25		CCC+		1,803,425
	215	IntelSat Limited		6.750%		6/01/18		CCC–		210,700
	3,840	IntelSat Limited		7.750%		6/01/21		CCC–		2,409,600
	2,100	IntelSat Limited		8.125%		6/01/23		CCC–		1,281,000
	1,000	Neptune Finco Corporation, 144A		10.125%		1/15/23		B+		1,145,000
	12,854	Total Diversified Telecommunication Services								10,289,596

		Health Care Providers & Services – 1.2% (0.7% of Total Investments)

	2,000	HCA Inc.		6.500%		2/15/20		BBB–		2,155,000

		Hotels, Restaurants & Leisure – 2.0% (1.3% of Total Investments)

	1,250	Scientific Games Corporation, 144A		7.000%		1/01/22		B+		1,321,875
	2,150	Scientific Games International Inc.		10.000%		12/01/22		B–		2,375,750
	3,400	Total Hotels, Restaurants & Leisure								3,697,625

		Household Durables – 0.8% (0.5% of Total Investments)

	1,410	Lennar Corporation		4.125%		12/01/18		BB+		1,432,913

		Media – 3.8% (2.3% of Total Investments)

	100	Charter Communications Operating LLC/ Charter Communications Operating Capital Corporation		3.579%		7/23/20		BBB–		102,669
	3,214	Clear Channel Communications Inc., Term Loan B, (5), (7)		12.000%		8/01/21		N/R		—
	1,400	Dish DBS Corporation		5.125%		5/01/20		Ba3		1,431,500
	1,000	Dish DBS Corporation		5.875%		11/15/24		Ba3		1,001,250
	1,000	Hughes Satellite Systems Corporation		6.500%		6/15/19		BBB–		1,061,125
	2,835	iHeartCommunications, Inc.		9.000%		12/15/19		Caa1		2,090,812
	4,037	iHeartCommunications, Inc., (cash 12.000%, PIK 2.000%)		14.000%		2/01/21		Ca		403,657
	1,000	iHeartCommunications, Inc.		9.000%		3/01/21		Caa1		718,750
	14,586	Total Media								6,809,763

		Oil, Gas & Consumable Fuels – 2.5% (1.5% of Total Investments)

	2,075	California Resources Corporation, 144A		8.000%		12/15/22		CCC+		1,374,687
	400	Denbury Resources Inc.		6.375%		8/15/21		CCC+		274,000
	2,095	Denbury Resources Inc.		5.500%		5/01/22		CCC+		1,314,613


	8			NUVEEN


Principal Amount (000)		Description (1)	Coupon		Maturity		Ratings (4)		Value

		Oil, Gas & Consumable Fuels (continued)

$	400	Everest Acquisition LLC Finance		9.375%		5/01/20		Caa2	$	335,876
	1,200	FTS International Inc., 144A, (LIBOR reference rate + 7.500% spread), (17)		8.746%		6/15/20		B+		1,225,500
	6,170	Total Oil, Gas & Consumable Fuels								4,524,676

		Semiconductors & Semiconductor Equipment – 0.1% (0.0% of Total Investments)

	106	Advanced Micro Devices, Inc.		7.500%		8/15/22		B–		119,648

		Software – 1.6% (1.0% of Total Investments)

	1,580	BMC Software Finance Inc., 144A		8.125%		7/15/21		CCC+		1,617,525
	450	Boxer Parent Company Inc./BMC Software, 144A, (cash 9.000%, PIK 9.750%)		9.000%		10/15/19		CCC+		450,846
	725	Infor Us Inc., 144A		5.750%		8/15/20		BB		746,206
	2,755	Total Software								2,814,577

		Technology Hardware, Storage & Peripherals – 0.9% (0.6% of Total Investments)

	1,475	Western Digital Corporation, 144A		7.375%		4/01/23		BBB–		1,615,125

		Wireless Telecommunication Services – 2.6% (1.6% of Total Investments)

	850	Sprint Communications Inc.		7.000%		8/15/20		B+		918,000
	2,750	Sprint Corporation		7.875%		9/15/23		B+		3,073,125
	250	Sprint Corporation		7.125%		6/15/24		B+		270,235
	400	Syniverse Foreign Holdings Corporation, 144A		9.125%		1/15/22		B		408,000
	75	T-Mobile USA Inc.		6.836%		4/28/23		BB		79,125
	4,325	Total Wireless Telecommunication Services								4,748,485
$	51,251	Total Corporate Bonds (cost $41,706,112)								38,406,514
		Total Long-Term Investments (cost $292,489,747)								284,090,349

Shares		Description (1)							Value

		SHORT-TERM INVESTMENTS – 5.7% (3.5% of Total Investments)

		INVESTMENT COMPANIES – 5.7% (3.5% of Total Investments)

	10,235,663	BlackRock Liquidity Funds T-Fund Portfolio, (8)							$	10,235,663
		Total Short-Term Investments (cost $10,235,663)								10,235,663
		Total Investments (cost $302,725,410) – 163.3%								294,326,012
		Borrowings – (39.9)% (9), (10)								(72,000,000	)
		Term Preferred Shares, net of deferred offering costs – (19.1)% (11)								(34,420,126	)
		Other Assets Less Liabilities – (4.3)% (12)								(7,628,517	)
		Net Assets Applicable to Common Shares – 100%							$	180,277,369


NUVEEN			9


JSD	Nuveen Short Duration Credit Opportunities Fund
	Portfolio of Investments (continued)	October 31, 2017 (Unaudited)

Investments in Derivatives as of October 31, 2017

Credit Default Swaps – OTC Cleared


Referenced Entity	Buy/Sell Protection (13)		Current Credit Spread (14)			Notional Amount		Fixed Rate (Annualized)			Fixed Rate Payment Frequency		Maturity Date		Value		Premiums Paid (Received)		Unrealized Appreciation (Depreciation)			Variation Margin Receivable/ (Payable)
Kroger Co.		Buy		1.210	%	$	2,000,000		1.000	%		Quarterly		12/20/22	$	972	$	17,936	$	(16,964	)	$	1,159

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		Maturity Date		Value			Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services LLC	$	17,500,000		Receive		1-Month LIBOR		1.659	%		Monthly		9/15/11		9/15/18	$	(17,153	)	$	(17,153	)
Morgan Stanley Capital Services LLC		35,000,000		Pay		1-Month LIBOR		1.500	(15)		Monthly		11/16/15		11/01/20 (16)		(98,652)			(98,652	)
	$	52,500,000														$	(115,805	)	$	(115,805	)

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 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, prepayment speeds, credit risk, 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 risk 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-Term Investments:
Variable Rate Senior Loan Interests	$	—	$	242,630,235		$	—		$	242,630,235
Common Stocks		2,835,321		—			218,279			3,053,600
Corporate Bonds		—		38,406,514			—	**		38,406,514
Short-Term Investments:
Investment Companies		10,235,663		—			—			10,235,663
Investments in Derivatives:
Interest Rate Swaps*		—		(16,964	)		—			(16,964	)
Credit Default Swaps*		—		(115,805	)		—			(115,805	)
Total	$	13,070,984	$	280,903,980		$	218,279		$	294,193,243

*	Represents net unrealized appreciation (depreciation).

**	Value equals zero as of the end of the reporting period.


	10			NUVEEN

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 treatment of timing differences in recognizing certain gains and losses on investment transactions and recognition of premium amortization. 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 Fund’s investment portfolio, as determined on a federal income tax basis, as of October 31, 2017.

For purposes of this disclosure, derivative tax cost is generally the sum of any upfront fees or premiums exchanged and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting. If a particular derivative category does not disclose any tax unrealized appreciation or depreciation, the change in value of those derivatives have generally been fully realized for tax purposes.


Tax cost of investments	$	304,793,609
Gross unrealized:
Appreciation	$	6,220,787
Depreciation		(16,688,384	)
Net unrealized appreciation (depreciation) of investments	$	(10,467,597	)

Tax cost of swaps	$	972
Net unrealized appreciation (depreciation) of swaps	$	(115,805	)


NUVEEN			11


JSD	Nuveen Short Duration Credit Opportunities Fund
	Portfolio of Investments (continued)	October 31, 2017 (Unaudited)

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)

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.

(3)

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.

(4)

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.

(5)

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 Fund’s Adviser has concluded that the issue is not likely meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.

(6)	Non-income producing; issuer has not declared a dividend within the past twelve months.

(7)	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.

(8)	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.

(9)	Borrowings as a percentage of Total Investments is 24.5%.

(10)	The Fund segregates 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.

(11)	Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 11.7%.

(12)	Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable.

(13)	The Fund entered into the credit default swap to gain investment exposure to the referenced entity. Selling protection has a similar credit risk position to owning that referenced entity. Buying protection has a similar credit risk position to selling the referenced entity short.

(14)

The credit spread generally serves as an indication of the current status of the payment/performance risk and therefore the likelihood of default of the credit derivative. The credit spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a credit default swap contract. Higher credit spreads are indicative of a higher likelihood of performance by the seller of protection.

(15)	Effective November 1, 2017, the fixed rate paid by the Fund will increase according to a predetermined schedule as specified in the swap contract. Additionally, this fixed rate increase will continue to occur every six months on specific dates through the swap contract’s termination date.

(16)	This interest rate swap has an optional early termination date beginning on November 1, 2018 and monthly thereafter through the termination date as specified in the swap contract.

(17)	Variable rate security. The rate shown is the coupon as of the end of the reporting period.

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.

DD1	Portion of investment purchased on a delayed delivery basis.

LIBOR

London Inter-Bank 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.

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 weighted average coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or counterparty will provide the Fund with the final weighted average coupon rate and maturity date.

WI/DD

Purchased on a when-issued or delayed delivery basis.


	12			NUVEEN

Item 2. Controls and Procedures.

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s 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)).

There were no changes in the registrant’s 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 registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s 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 Short Duration Credit Opportunities Fund

By (Signature and Title)		/s/ Gifford R. Zimmerman
		Gifford R. Zimmerman
		Vice President and Secretary

Date: December 29, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By (Signature and Title)		/s/ Cedric H. Antosiewicz
		Cedric H. Antosiewicz
		Chief Administrative Officer (principal executive officer)

Date: December 29, 2017

By (Signature and Title)		/s/ Stephen D. Foy
		Stephen D. Foy
		Vice President and Controller (principal financial officer)

Date: December 29, 2017