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
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Nuveen Tax-Advantaged Total Return Strategy Fund | ||||||||
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(Exact name of registrant as specified in charter) | ||||||||
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333 West Wacker Drive, Chicago, Illinois 60606 |
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(Address of principal executive offices) (Zip code) |
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Kevin J. McCarthy—Vice President and Secretary |
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(Name and address of agent for service) |
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Registrant’s telephone number, including area code: |
312-917-7700 |
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Date of fiscal year end: |
12/31 |
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Date of reporting period: |
3/31/2014 |
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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
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Portfolio of Investments (Unaudited) |
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Nuveen Tax-Advantaged Total Return Strategy Fund (JTA) |
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March 31, 2014 |
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Shares |
|
Description (1) |
|
Value |
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LONG-TERM INVESTMENTS – 137.7% (95.9% of Total Investments) |
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COMMON STOCKS - 103.0% (71.8% of Total Investments) |
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Automobiles - 3.9% |
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|
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|
175,300 |
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Ford Motor Company |
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$ 2,734,680 |
| ||||||
|
153,000 |
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General Motors Company |
|
5,266,260 |
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Total Automobiles |
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8,000,940 |
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Capital Markets - 4.0% |
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|
| ||||||
|
127,000 |
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Ares Capital Corporation |
|
2,237,740 |
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|
107,000 |
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Bank of New York Company, Inc. |
|
3,776,030 |
| ||||||
|
160,000 |
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Medley Capital Corporation |
|
2,177,600 |
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Total Capital Markets |
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8,191,370 |
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|
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Chemicals - 1.1% |
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|
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22,300 |
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Agrium Inc. |
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2,174,696 |
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Commercial Banks - 10.8% |
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|
| ||||||
|
125,000 |
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Citigroup Inc. |
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5,950,000 |
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|
131,000 |
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JPMorgan Chase & Co. |
|
7,953,010 |
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|
161,500 |
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Wells Fargo & Company |
|
8,033,010 |
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Total Commercial Banks |
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21,936,020 |
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Communications Equipment - 4.4% |
|
|
| ||||||
|
200,000 |
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Cisco Systems, Inc. |
|
4,482,000 |
| ||||||
|
339,600 |
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Ericsson LM Telefonaktiebolaget |
|
4,526,868 |
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|
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Total Communications Equipment |
|
9,008,868 |
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|
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Consumer Finance - 2.2% |
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|
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|
58,000 |
|
Capital One Financial Corporation |
|
4,475,280 |
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Containers & Packaging - 1.1% |
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|
| ||||||
|
43,000 |
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Avery Dennison Corporation |
|
2,178,810 |
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Diversified Financial Services - 2.2% |
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|
| ||||||
|
140,000 |
|
Deutsche Boerse AG, Unsponsored ADR, (3) |
|
1,111,600 |
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|
240,000 |
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ING Groep N.V, (2), Sponsored ADR |
|
3,420,000 |
| ||||||
|
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Total Diversified Financial Services |
|
4,531,600 |
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Diversified Telecommunication Services - 1.9% |
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|
| ||||||
|
29,400 |
|
CenturyLink Inc. |
|
965,496 |
| ||||||
|
103,000 |
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Nippon Telegraph and Telephone Corporation, ADR |
|
2,805,720 |
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Total Diversified Telecommunication Services |
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3,771,216 |
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Electric Utilities - 1.0% |
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|
| ||||||
|
52,700 |
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NRG Yield Inc., Class A Shares |
|
2,083,231 |
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Food & Staples Retailing - 4.4% |
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|
| ||||||
|
163,000 |
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Carrefour SA, Sponsored ADR, (3) |
|
1,255,100 |
| ||||||
|
89,500 |
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CVS Caremark Corporation |
|
6,699,970 |
| ||||||
|
119,000 |
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Metro AG, Unsponsored ADR, (3) |
|
971,766 |
| ||||||
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|
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Total Food & Staples Retailing |
|
8,926,836 |
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Hotels, Restaurants & Leisure - 1.3% |
|
|
| ||||||
|
82,700 |
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Norwegian Cruise Line Holdings Limited, (2) |
|
2,668,729 |
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Household Products - 1.1% |
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|
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|
27,000 |
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Procter & Gamble Company |
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2,176,200 |
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Industrial Conglomerates - 2.0% |
|
|
| ||||||
|
93,500 |
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General Electric Company |
|
2,420,715 |
| ||||||
|
45,000 |
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Koninklijke Philips Electronics NV |
|
1,582,200 |
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Total Industrial Conglomerates |
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4,002,915 |
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Insurance - 9.5% |
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|
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|
164,000 |
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American International Group, Inc. |
|
8,201,640 |
| ||||||
|
165,100 |
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Hartford Financial Services Group, Inc. |
|
5,823,077 |
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|
19,700 |
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Swiss Re AG, Sponsored ADR, (3) |
|
1,827,604 |
| ||||||
|
97,250 |
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Unum Group |
|
3,433,898 |
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Total Insurance |
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19,286,219 |
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Machinery - 2.0% |
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|
| ||||||
|
32,500 |
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Ingersoll Rand Company Limited, Class A |
|
1,860,300 |
| ||||||
|
33,000 |
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PACCAR Inc. |
|
2,225,520 |
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|
|
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Total Machinery |
|
4,085,820 |
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Media - 12.1% |
|
|
| ||||||
|
327,600 |
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Interpublic Group Companies, Inc. |
|
5,615,064 |
| ||||||
|
12,436 |
|
Metro-Goldwyn-Mayer, (2) |
|
938,918 |
| ||||||
|
119,691 |
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National CineMedia, Inc. |
|
1,795,365 |
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|
22,400 |
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ProSiebenSat.1 Media AG, Unsponsored ADR, (3) |
|
2,051,181 |
| ||||||
|
98,800 |
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Time Warner Inc. |
|
6,454,604 |
| ||||||
|
3,958 |
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Tribune Company, (2) |
|
315,255 |
| ||||||
|
3,185 |
|
Tribune Company, (4) |
|
— |
| ||||||
|
61,100 |
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Twenty First Century Fox Inc., Class A Shares |
|
1,953,367 |
| ||||||
|
65,500 |
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Viacom Inc., Class B |
|
5,566,845 |
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|
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Total Media |
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24,690,599 |
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Metals & Mining - 1.7% |
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|
| ||||||
|
60,100 |
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AngloGold Ashanti Limited, (2), Sponsored ADR |
|
1,026,508 |
| ||||||
|
298,900 |
|
AuRico Gold Inc. |
|
1,300,215 |
| ||||||
|
64,000 |
|
Barrick Gold Corporation |
|
1,141,120 |
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|
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Total Metals & Mining |
|
3,467,843 |
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Oil, Gas & Consumable Fuels - 6.5% |
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|
| ||||||
|
33,000 |
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Phillips 66 |
|
2,542,980 |
| ||||||
|
58,200 |
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Royal Dutch Shell PLC, Class A |
|
4,252,092 |
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|
65,000 |
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Suncor Energy, Inc. |
|
2,272,400 |
| ||||||
|
63,700 |
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Total SA, Sponsored ADR |
|
4,178,720 |
| ||||||
|
|
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Total Oil, Gas & Consumable Fuels |
|
13,246,192 |
| ||||||
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|
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Pharmaceuticals - 17.3% |
|
|
| ||||||
|
57,400 |
|
AstraZeneca PLC, Sponsored ADR |
|
3,724,112 |
| ||||||
|
100,000 |
|
GlaxoSmithKline PLC, Sponsored ADR |
|
5,343,000 |
| ||||||
|
61,200 |
|
Merck & Company Inc. |
|
3,474,324 |
| ||||||
|
307,600 |
|
Pfizer Inc. |
|
9,880,112 |
| ||||||
|
67,000 |
|
Roche Holdings AG, Sponsored ADR, (3) |
|
2,527,240 |
| ||||||
|
101,900 |
|
Sanofi-Aventis |
|
5,327,332 |
| ||||||
|
94,800 |
|
Teva Pharmaceutical Industries Limited, Sponsored ADR |
|
5,009,232 |
| ||||||
|
|
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Total Pharmaceuticals |
|
35,285,352 |
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|
|
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Semiconductors & Equipment - 3.3% |
|
|
| ||||||
|
60,000 |
|
Analog Devices, Inc. |
|
3,188,400 |
| ||||||
|
73,500 |
|
Microchip Technology Incorporated |
|
3,510,360 |
| ||||||
|
|
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Total Semiconductors & Equipment |
|
6,698,760 |
| ||||||
|
|
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Software - 6.3% |
|
|
| ||||||
|
131,500 |
|
CA Technologies |
|
4,072,555 |
| ||||||
|
146,000 |
|
Microsoft Corporation, (5) |
|
5,984,540 |
| ||||||
|
65,500 |
|
Oracle Corporation |
|
2,679,605 |
| ||||||
|
|
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Total Software |
|
12,736,700 |
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|
|
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Thrifts & Mortgage Finance - 1.0% |
|
|
| ||||||
|
117,500 |
|
PennyMac Financial Services Inc., (2) |
|
1,955,200 |
| ||||||
|
|
|
Tobacco - 1.3% |
|
|
| ||||||
|
33,200 |
|
Philip Morris International |
|
2,718,084 |
| ||||||
|
|
|
Wireless Telecommunication Services - 0.6% |
|
|
| ||||||
|
32,836 |
|
Vodafone Group PLC, Sponsored ADR |
|
1,208,693 |
| ||||||
|
|
|
Total Common Stocks (cost $154,737,301) |
|
209,506,173 |
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|
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|
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|
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Shares |
|
Description (1) |
|
Coupon |
|
|
|
Ratings (6) |
|
Value |
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|
|
|
CONVERTIBLE PREFERRED SECURITIES – 1.0% (0.7% of Total Investments) |
|
|
|
|
| ||||
|
|
|
Diversified Telecommunication Services - 1.0% |
|
|
|
|
|
|
|
|
|
|
39,000 |
|
IntelSat SA |
|
5.750% |
|
|
|
N/R |
|
$ 2,092,350 |
|
|
|
|
Total Convertible Preferred Securities (cost $2,100,906) |
|
|
|
|
|
2,092,350 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Description (1) |
|
Coupon |
|
|
|
Ratings (6) |
|
Value |
|
|
|
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$25 PAR (OR SIMILAR) RETAIL STRUCTURES – 9.4% (6.5% of Total Investments) |
|
|
|
|
| ||||
|
|
|
Commercial Banks - 2.2% |
|
|
|
|
|
|
|
|
|
|
13,800 |
|
Boston Private Financial Holdings Inc. |
|
6.950% |
|
|
|
N/R |
|
$ 321,540 |
|
|
26,000 |
|
City National Corporation |
|
6.750% |
|
|
|
BBB- |
|
720,460 |
|
|
5,000 |
|
Cullen-Frost Bankers Inc. |
|
5.375% |
|
|
|
BBB+ |
|
113,800 |
|
|
17,300 |
|
Fifth Third Bancorp. |
|
6.625% |
|
|
|
BBB- |
|
458,623 |
|
|
10,000 |
|
First Republic Bank of San Francisco |
|
7.000% |
|
|
|
BBB |
|
262,000 |
|
|
10,000 |
|
First Republic Bank of San Francisco |
|
6.700% |
|
|
|
BBB |
|
254,100 |
|
|
25,000 |
|
First Republic Bank of San Francisco |
|
6.200% |
|
|
|
BBB |
|
616,250 |
|
|
25,000 |
|
Morgan Stanley |
|
7.125% |
|
|
|
BB+ |
|
663,250 |
|
|
9,200 |
|
PNC Financial Services |
|
6.125% |
|
|
|
BBB |
|
245,732 |
|
|
6,700 |
|
Taylor Capital Group |
|
8.000% |
|
|
|
N/R |
|
179,225 |
|
|
25,000 |
|
U.S. Bancorp. |
|
6.500% |
|
|
|
BBB+ |
|
710,000 |
|
|
|
|
Total Commercial Banks |
|
|
|
|
|
|
|
4,544,980 |
|
|
|
|
Consumer Finance - 0.4% |
|
|
|
|
|
|
|
|
|
|
30,000 |
|
HSBC Finance Corporation |
|
6.360% |
|
|
|
BBB+ |
|
753,000 |
|
|
2,445 |
|
SLM Corporation, Series A |
|
6.970% |
|
|
|
BB |
|
119,194 |
|
|
|
|
Total Consumer Finance |
|
|
|
|
|
|
|
872,194 |
|
|
|
|
Diversified Consumer Services - 0.1% |
|
|
|
|
|
|
|
|
|
|
10,062 |
|
Gabelli Equity Trust |
|
5.000% |
|
|
|
A1 |
|
234,243 |
|
|
|
|
Electric Utilities - 1.1% |
|
|
|
|
|
|
|
|
|
|
18,150 |
|
Alabama Power Company, (7) |
|
6.500% |
|
|
|
A3 |
|
483,244 |
|
|
10,000 |
|
Alabama Power Company, (7) |
|
6.450% |
|
|
|
A3 |
|
262,500 |
|
|
8,260 |
|
Connecticut Power & Light Company, (7) |
|
4.960% |
|
|
|
BBB |
|
405,773 |
|
|
5,000 |
|
Georgia Power Company, (7) |
|
6.500% |
|
|
|
A- |
|
525,938 |
|
|
5,000 |
|
Gulf Power Company, (7) |
|
6.450% |
|
|
|
BBB+ |
|
495,549 |
|
|
|
|
Total Electric Utilities |
|
|
|
|
|
|
|
2,173,004 |
|
|
|
|
Food Products - 0.2% |
|
|
|
|
|
|
|
|
|
|
17,700 |
|
CHS Inc., (2) |
|
7.100% |
|
|
|
N/R |
|
473,829 |
|
|
|
|
Insurance - 3.3% |
|
|
|
|
|
|
|
|
|
|
25,000 |
|
Allstate Corporation |
|
6.750% |
|
|
|
BBB- |
|
632,750 |
|
|
30,424 |
|
Arch Capital Group Limited |
|
6.750% |
|
|
|
BBB |
|
764,251 |
|
|
10,400 |
|
Aspen Insurance Holdings Limited |
|
7.401% |
|
|
|
BBB- |
|
268,944 |
|
|
25,410 |
|
Aspen Insurance Holdings Limited |
|
7.250% |
|
|
|
BBB- |
|
663,709 |
|
|
25,798 |
|
Axis Capital Holdings Limited |
|
6.875% |
|
|
|
BBB |
|
650,110 |
|
|
25,000 |
|
Endurance Specialty Holdings Limited |
|
7.750% |
|
|
|
BBB- |
|
655,500 |
|
|
15,000 |
|
Endurance Specialty Holdings Limited |
|
7.500% |
|
|
|
BBB- |
|
392,550 |
|
|
35,000 |
|
MetLife Inc. |
|
6.500% |
|
|
|
Baa2 |
|
880,250 |
|
|
35,000 |
|
PartnerRe Limited |
|
7.250% |
|
|
|
BBB+ |
|
927,850 |
|
|
30,000 |
|
Principal Financial Group |
|
6.518% |
|
|
|
BBB |
|
746,400 |
|
|
8,496 |
|
RenaissanceRe Holdings Limited |
|
6.080% |
|
|
|
BBB+ |
|
208,492 |
|
|
|
|
Total Insurance |
|
|
|
|
|
|
|
6,790,806 |
|
|
|
|
Marine - 0.2% |
|
|
|
|
|
|
|
|
|
|
10,000 |
|
Costamare Inc., (2) |
|
8.500% |
|
|
|
N/R |
|
251,200 |
|
|
600 |
|
Navios Maritime Holdings Inc., (2) |
|
8.750% |
|
|
|
N/R |
|
15,000 |
|
|
8,900 |
|
Seaspan Corporation |
|
8.250% |
|
|
|
N/R |
|
227,128 |
|
|
|
|
Total Marine |
|
|
|
|
|
|
|
493,328 |
|
|
|
|
Oil, Gas & Consumable Fuels - 0.8% |
|
|
|
|
|
|
|
|
|
|
4,400 |
|
Callon Petroleum Company |
|
10.000% |
|
|
|
N/R |
|
224,400 |
|
|
20,000 |
|
Kayne Anderson MLP Trust |
|
4.600% |
|
|
|
AA |
|
504,800 |
|
|
4,500 |
|
Magnum Hunter Resources Corporation |
|
8.000% |
|
|
|
N/R |
|
220,770 |
|
|
15,000 |
|
Teekay Offshore Partners LP |
|
7.250% |
|
|
|
N/R |
|
381,600 |
|
|
|
|
Total Oil, Gas & Consumable Fuels |
|
|
|
|
|
|
|
1,331,570 |
|
|
|
|
Thrifts & Mortgage Finance - 0.6% |
|
|
|
|
|
|
|
|
|
|
52,575 |
|
Federal Agricultural Mortgage Corporation |
|
5.875% |
|
|
|
N/R |
|
1,175,051 |
|
|
|
|
U.S. Agency - 0.5% |
|
|
|
|
|
|
|
|
|
|
6,525 |
|
Cobank Agricultural Credit Bank, 144A (7) |
|
6.250% |
|
|
|
A- |
|
660,248 |
|
|
3,250 |
|
Cobank Agricultural Credit Bank, 144A (7) |
|
6.125% |
|
|
|
A- |
|
275,335 |
|
|
|
|
Total U.S. Agency |
|
|
|
|
|
|
|
935,583 |
|
|
|
|
Total $25 Par (or similar) Retail Structures (cost $18,321,905) |
|
|
|
|
|
19,024,588 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
|
|
|
Amount (000) |
|
Description (1) |
|
Coupon |
|
Maturity (8) |
|
Ratings (6) |
|
Value |
|
|
|
|
VARIABLE RATE SENIOR LOAN INTERESTS – 22.9% (15.9% of Total Investments) (9) |
|
|
| ||||||
|
|
|
Aerospace & Defense - 0.2% |
|
|
|
|
|
|
|
|
|
|
$ 425 |
|
Hamilton Sundstrand, Term Loan, First Lien |
|
4.000% |
|
12/13/19 |
|
B+ |
|
$ 425,785 |
|
|
|
|
Airlines - 0.2% |
|
|
|
|
|
|
|
|
|
|
495 |
|
Delta Air Lines, Inc., Term Loan B1 |
|
3.500% |
|
10/18/18 |
|
Ba1 |
|
494,676 |
|
|
|
|
Auto Components - 0.9% |
|
|
|
|
|
|
|
|
|
|
1,116 |
|
Federal-Mogul Corporation, Tranche B, Term Loan |
|
2.098% |
|
12/29/14 |
|
B1 |
|
1,112,374 |
|
|
655 |
|
Federal-Mogul Corporation, Tranche C, Term Loan |
|
2.098% |
|
12/28/15 |
|
B1 |
|
652,883 |
|
|
1,771 |
|
Total Auto Components |
|
|
|
|
|
|
|
1,765,257 |
|
|
|
|
Automobiles - 0.5% |
|
|
|
|
|
|
|
|
|
|
997 |
|
Chrysler Group LLC, Term Loan B |
|
3.500% |
|
5/24/17 |
|
BB+ |
|
999,306 |
|
|
|
|
Capital Markets - 0.2% |
|
|
|
|
|
|
|
|
|
|
498 |
|
Guggenheim Partners LLC, Initial Term Loan |
|
4.250% |
|
7/22/20 |
|
N/R |
|
501,076 |
|
|
|
|
Chemicals - 1.0% |
|
|
|
|
|
|
|
|
|
|
968 |
|
Univar, Inc., Term Loan |
|
5.000% |
|
6/30/17 |
|
B+ |
|
966,139 |
|
|
993 |
|
US Coatings Acquisition, Term Loan B |
|
4.000% |
|
2/01/20 |
|
B+ |
|
995,159 |
|
|
1,961 |
|
Total Chemicals |
|
|
|
|
|
|
|
1,961,298 |
|
|
|
|
Computers & Peripherals - 0.5% |
|
|
|
|
|
|
|
|
|
|
998 |
|
Dell, Inc., Term Loan B |
|
4.500% |
|
4/29/20 |
|
BB+ |
|
992,014 |
|
|
|
|
Diversified Consumer Services - 0.4% |
|
|
|
|
|
|
|
|
|
|
763 |
|
Hilton Hotels Corporation, Term Loan B2 |
|
3.750% |
|
10/26/20 |
|
BB |
|
765,447 |
|
|
|
|
Diversified Financial Services - 0.2% |
|
|
|
|
|
|
|
|
|
|
433 |
|
WideOpenWest Finance LLC, Term Loan B |
|
4.750% |
|
4/01/19 |
|
Ba3 |
|
435,125 |
|
|
|
|
Diversified Other - 0.2% |
|
|
|
|
|
|
|
|
|
|
498 |
|
Rexnord LLC, Term Loan B |
|
4.000% |
|
8/21/20 |
|
BB- |
|
498,976 |
|
|
|
|
Diversified Telecommunication Services - 0.4% |
|
|
|
|
|
|
|
|
|
|
821 |
|
Intelsat Jackson Holdings, S.A., Tranche B2, Term Loan |
|
3.750% |
|
6/30/19 |
|
BB- |
|
823,754 |
|
|
|
|
Food Products - 1.8% |
|
|
|
|
|
|
|
|
|
|
1,390 |
|
H.J Heinz Company, Term Loan B2 |
|
3.500% |
|
6/05/20 |
|
BB |
|
1,398,967 |
|
|
1,204 |
|
Michael Foods Group, Inc., Term Loan |
|
4.250% |
|
2/25/18 |
|
Ba3 |
|
1,208,887 |
|
|
966 |
|
US Foods, Inc., Incremental Term Loan |
|
4.500% |
|
3/31/19 |
|
B2 |
|
972,617 |
|
|
3,560 |
|
Total Food Products |
|
|
|
|
|
|
|
3,580,471 |
|
|
|
|
Health Care Equipment & Supplies - 0.7% |
|
|
|
|
|
|
|
|
|
|
1,466 |
|
Kinetic Concepts, Inc., Term Loan D1 |
|
4.000% |
|
5/04/18 |
|
BB- |
|
1,472,645 |
|
|
|
|
Health Care Providers & Services - 2.3% |
|
|
|
|
|
|
|
|
|
|
748 |
|
Community Health Systems, Inc., Term Loan D |
|
4.250% |
|
1/27/21 |
|
BB |
|
755,370 |
|
|
988 |
|
DaVita, Inc., New Term Loan B2 |
|
4.000% |
|
11/01/19 |
|
Ba2 |
|
994,729 |
|
|
958 |
|
Golden Living, Term Loan |
|
5.000% |
|
5/04/18 |
|
B |
|
948,943 |
|
|
995 |
|
HCA, Inc., Tranche B4, Term Loan |
|
2.984% |
|
5/01/18 |
|
BB |
|
996,244 |
|
|
76 |
|
HCA, Inc., Tranche B5, Term Loan |
|
2.903% |
|
3/31/17 |
|
BB |
|
75,610 |
|
|
896 |
|
Kindred Healthcare, Inc., Term Loan B1 |
|
4.250% |
|
6/01/18 |
|
Ba3 |
|
898,363 |
|
|
4,661 |
|
Total Health Care Providers & Services |
|
|
|
|
|
|
|
4,669,259 |
|
|
|
|
Hotels, Restaurants & Leisure - 1.5% |
|
|
|
|
|
|
|
|
|
|
943 |
|
24 Hour Fitness Worldwide, Inc., Term Loan B |
|
5.248% |
|
4/22/16 |
|
Ba3 |
|
953,196 |
|
|
989 |
|
MGM Resorts International, Term Loan B |
|
3.500% |
|
12/20/19 |
|
BB |
|
988,532 |
|
|
1,200 |
|
Seaworld Parks and Entertainment, Inc., Term Loan B2 |
|
3.000% |
|
5/14/20 |
|
BB+ |
|
1,184,153 |
|
|
3,132 |
|
Total Hotels, Restaurants & Leisure |
|
|
|
|
|
|
|
3,125,881 |
|
|
|
|
Household Durables - 1.7% |
|
|
|
|
|
|
|
|
|
|
995 |
|
Jarden Corporation, Term Loan B1 |
|
2.903% |
|
9/30/20 |
|
BBB- |
|
996,758 |
|
|
1,579 |
|
Reynolds Group Holdings, Inc., Incremental US Term Loan, First Lien |
|
4.000% |
|
12/01/18 |
|
B+ |
|
1,588,649 |
|
|
791 |
|
Tempur-Pedic International, Inc., New Term Loan B |
|
3.500% |
|
3/18/20 |
|
BB |
|
791,108 |
|
|
3,365 |
|
Total Household Durables |
|
|
|
|
|
|
|
3,376,515 |
|
|
|
|
Household Products - 0.2% |
|
|
|
|
|
|
|
|
|
|
385 |
|
Spectrum Brands, Inc., Term Loan A |
|
3.000% |
|
9/04/17 |
|
BB |
|
385,961 |
|
|
|
|
Independent Power Producers & Energy Traders - 0.5% |
|
|
|
|
|
|
| ||
|
998 |
|
Calpine Corporation, Delayed Term Loan |
|
4.000% |
|
10/31/20 |
|
BB- |
|
1,001,864 |
|
|
|
|
Internet & Catalog Retail - 0.3% |
|
|
|
|
|
|
|
|
|
|
626 |
|
Burlington Coat Factory Warehouse Corporation, Term Loan B2 |
|
4.250% |
|
2/23/17 |
|
BB- |
|
629,695 |
|
|
|
|
Machinery - 0.1% |
|
|
|
|
|
|
|
|
|
|
269 |
|
Gardner Denver, Inc., Term Loan |
|
4.250% |
|
7/30/20 |
|
B1 |
|
268,868 |
|
|
|
|
Media - 3.3% |
|
|
|
|
|
|
|
|
|
|
247 |
|
Clear Channel Communications, Inc., Tranche D, Term Loan |
|
6.903% |
|
1/30/19 |
|
CCC+ |
|
242,520 |
|
|
92 |
|
Clear Channel Communications, Inc.,Term Loan E |
|
7.653% |
|
7/30/19 |
|
CCC+ |
|
92,168 |
|
|
997 |
|
Cumulus Media, Inc., Term Loan B |
|
4.250% |
|
12/23/20 |
|
B+ |
|
1,006,204 |
|
|
1,216 |
|
Interactive Data Corporation, Term Loan |
|
3.750% |
|
1/31/18 |
|
Ba3 |
|
1,218,252 |
|
|
480 |
|
Media General, Inc., Delayed Draw, Term Loan |
|
4.250% |
|
7/31/20 |
|
BB- |
|
485,025 |
|
|
260 |
|
Nielsen Finance LLC, Term Loan E |
|
2.904% |
|
5/01/16 |
|
BBB- |
|
260,279 |
|
|
498 |
|
Springer Science & Business Media, Inc., Term Loan |
|
5.000% |
|
8/14/20 |
|
B |
|
498,744 |
|
|
1,340 |
|
Tribune Company, Term Loan B |
|
4.000% |
|
12/27/20 |
|
BB- |
|
1,342,276 |
|
|
1,548 |
|
Univision Communications, Inc., Replacement Term Loan, First Lien |
|
4.000% |
|
3/01/20 |
|
B+ |
|
1,549,545 |
|
|
6,678 |
|
Total Media |
|
|
|
|
|
|
|
6,695,013 |
|
|
|
|
Multiline Retail - 0.4% |
|
|
|
|
|
|
|
|
|
|
694 |
|
Hudson’s Bay Company, Term Loan B, First Lien |
|
4.750% |
|
11/04/20 |
|
BB |
|
704,460 |
|
|
|
|
Oil, Gas & Consumable Fuels - 1.2% |
|
|
|
|
|
|
|
|
|
|
249 |
|
Drill Rigs Holdings, Inc., Tranche B1, Term Loan |
|
6.000% |
|
3/31/21 |
|
B+ |
|
254,399 |
|
|
1,500 |
|
Energy Transfer Equity L.P.,Term Loan, First Lien |
|
3.250% |
|
12/02/19 |
|
BB |
|
1,498,636 |
|
|
645 |
|
Fieldwood Energy LLC, Term Loan, First Lien |
|
3.875% |
|
9/28/18 |
|
Ba2 |
|
646,612 |
|
|
127 |
|
Frac Tech International LLC, Term Loan |
|
8.500% |
|
5/06/16 |
|
B2 |
|
129,246 |
|
|
2,521 |
|
Total Oil, Gas & Consumable Fuels |
|
|
|
|
|
|
|
2,528,893 |
|
|
|
|
Pharmaceuticals - 1.4% |
|
|
|
|
|
|
|
|
|
|
1,000 |
|
Grifols, Inc., Term Loan, WI/DD |
|
TBD |
|
TBD |
|
Ba1 |
|
1,000,625 |
|
|
735 |
|
Quintiles Transnational Corp., Term Loan B3 |
|
3.750% |
|
6/08/18 |
|
BB |
|
736,708 |
|
|
1,148 |
|
Valeant Pharmaceuticals International, Inc., Term Loan E |
|
3.750% |
|
8/05/20 |
|
Ba1 |
|
1,155,184 |
|
|
2,883 |
|
Total Pharmaceuticals |
|
|
|
|
|
|
|
2,892,517 |
|
|
|
|
Real Estate Investment Trust - 0.4% |
|
|
|
|
|
|
|
|
|
|
733 |
|
iStar Financial, Inc., Term Loan |
|
4.500% |
|
10/15/17 |
|
BB- |
|
736,629 |
|
|
|
|
Road & Rail - 0.2% |
|
|
|
|
|
|
|
|
|
|
394 |
|
Swift Transportation Company, Inc., Term Loan B2 |
|
4.000% |
|
12/21/17 |
|
Ba1 |
|
398,203 |
|
|
|
|
Semiconductors & Equipment - 0.4% |
|
|
|
|
|
|
|
|
|
|
736 |
|
NXP Semiconductor LLC, Term Loan D |
|
3.750% |
|
1/11/20 |
|
BB+ |
|
734,360 |
|
|
|
|
Software - 1.5% |
|
|
|
|
|
|
|
|
|
|
424 |
|
Activision Blizzard, Inc., Term Loan B |
|
3.250% |
|
10/12/20 |
|
BBB |
|
424,345 |
|
|
967 |
|
Emdeon Business Services LLC, Term Loan B2 |
|
3.750% |
|
11/02/18 |
|
BB- |
|
969,088 |
|
|
784 |
|
Infor Global Solutions Intermediate Holdings, Ltd., Term Loan B5 |
|
3.750% |
|
6/03/20 |
|
Ba3 |
|
782,813 |
|
|
836 |
|
Sophia LP Term Loan B |
|
4.000% |
|
7/19/18 |
|
B+ |
|
837,456 |
|
|
3,011 |
|
Total Software |
|
|
|
|
|
|
|
3,013,702 |
|
|
|
|
Wireless Telecommunication Services - 0.3% |
|
|
|
|
|
|
|
|
|
|
496 |
|
Charter Communications Operating Holdings LLC, Term Loan E |
|
3.000% |
|
7/01/20 |
|
Baa3 |
|
492,776 |
|
|
102 |
|
Clear Channel Communications, Inc., Tranche B, Term Loan |
|
3.803% |
|
1/29/16 |
|
CCC+ |
|
100,976 |
|
|
598 |
|
Total Wireless Telecommunication Services |
|
|
|
|
|
|
|
593,752 |
|
|
$ 46,370 |
|
Total Variable Rate Senior Loan Interests (cost $46,045,891) |
|
|
|
|
|
46,471,402 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
|
|
|
Amount (000) |
|
Description (1) |
|
Coupon |
|
Maturity |
|
Ratings (6) |
|
Value |
|
|
|
|
CORPORATE BONDS - 0.3% (0.2% of Total Investments) |
|
|
|
|
|
|
| ||
|
|
|
Commercial Banks - 0.2% |
|
|
|
|
|
|
|
|
|
|
$ 525 |
|
M&T Bank Corporation |
|
6.450% |
|
12/29/49 |
|
BBB |
|
$ 544,688 |
|
|
|
|
Media - 0.1% |
|
|
|
|
|
|
|
|
|
|
133 |
|
Clear Channel Communications, Inc. |
|
9.000% |
|
12/15/19 |
|
CCC+ |
|
139,650 |
|
|
$ 658 |
|
Total Corporate Bonds (cost $637,042) |
|
|
|
|
|
|
|
684,338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
|
|
|
Amount (000)/ |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Description (1) |
|
Coupon |
|
Maturity |
|
Ratings (6) |
|
Value |
|
|
|
|
$1,000 PAR (OR SIMILAR) INSTITUTIONAL STRUCTURES – 1.1% (0.8% of Total Investments) |
|
|
| ||||||
|
|
|
Commercial Banks - 0.3% |
|
|
|
|
|
|
|
|
|
|
500 |
|
PNC Financial Services Inc. |
|
6.750% |
|
N/A (10) |
|
BBB |
|
$ 545,000 |
|
|
25 |
|
Zions Bancorporation |
|
7.200% |
|
N/A (10) |
|
BB |
|
25,875 |
|
|
|
|
Total Commercial Banks |
|
|
|
|
|
|
|
570,875 |
|
|
|
|
Diversified Financial Services - 0.8% |
|
|
|
|
|
|
|
|
|
|
600 |
|
General Electric Capital Corporation |
|
7.125% |
|
N/A (10) |
|
AA- |
|
684,000 |
|
|
400 |
|
JPMorgan Chase & Company |
|
5.150% |
|
N/A (10) |
|
BBB |
|
375,000 |
|
|
500 |
|
JPMorgan Chase & Company |
|
7.900% |
|
N/A (10) |
|
BBB |
|
565,000 |
|
|
|
|
Total Diversified Financial Services |
|
|
|
|
|
|
|
1,624,000 |
|
|
|
|
Insurance - 0.0% |
|
|
|
|
|
|
|
|
|
|
22 |
|
Prudential PLC |
|
7.750% |
|
N/A (10) |
|
A- |
|
23,815 |
|
|
|
|
Total $1,000 Par (or similar) Institutional Structures (cost $1,994,497) |
|
|
|
2,218,690 |
| ||||
|
|
|
Total Long-Term Investments (cost $223,837,542) |
|
|
|
|
|
|
|
279,997,541 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
|
|
|
|
|
|
|
|
|
|
Amount (000) |
|
Description (1) |
|
Coupon |
|
Maturity |
|
|
|
Value |
|
|
|
|
SHORT-TERM INVESTMENTS - 5.8% (4.1% of Total Investments) |
|
|
|
|
|
| |||
|
$ 4,795 |
|
Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/14, repurchase price $4,794,850, collateralized by $4,960,000 U.S. Treasury Notes, 1.250%, due 11/30/18, value $4,891,800 |
|
0.000% |
|
4/01/14 |
|
|
|
$ 4,794,850 |
|
|
7,046 |
|
Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/14, repurchase price $7,046,365, collateralized by $7,720,000 U.S. Treasury Bonds, 3.125%, due 2/15/42, value $7,189,250 |
|
0.000% |
|
4/01/14 |
|
|
|
7,046,365 |
|
|
$ 11,841 |
|
Total Short-Term Investments (cost $11,841,215) |
|
|
|
|
|
|
|
11,841,215 |
|
|
|
|
Total Investments (cost $235,678,757) - 143.5% |
|
|
|
|
|
|
|
291,838,756 |
|
|
|
|
Borrowings – (41.8)% (11), (12) |
|
|
|
|
|
|
|
(85,000,000 |
) |
|
|
|
Other Assets Less Liabilities – (1.7)% (13) |
|
|
|
|
|
|
|
(3,526,826 |
) |
|
|
|
Net Assets Applicable to Common Shares - 100% |
|
|
|
|
|
|
|
$ 203,311,930 |
|
Investments in Derivatives as of March 31, 2014
Options Written outstanding:
|
Number of |
|
|
|
Notional |
|
Expiration |
|
Strike |
|
|
|
|
Contracts |
|
Type |
|
Amount (14) |
|
Date |
|
Price |
|
Value (13) |
|
|
(2,989 |
) |
Aurico Gold Inc |
|
$ (1,494,500 |
) |
6/21/14 |
|
5.0 |
|
$ (52,308 |
) |
|
(294 |
) |
CenturyLink Inc. |
|
(911,400 |
) |
4/19/14 |
|
31.0 |
|
(58,065 |
) |
|
(527 |
) |
NRG Yield Inc. |
|
(2,108,000 |
) |
6/21/14 |
|
40.0 |
|
(90,907 |
) |
|
(328 |
) |
Vodafone Group PLC |
|
(1,377,600 |
) |
4/19/14 |
|
42.0 |
|
(1,968 |
) |
|
(4,138 |
) |
Total Options Written (premiums received $269,262) |
|
$ (5,891,500 |
) |
|
|
|
|
$ (203,248 |
) |
Interest Rate Swaps outstanding:
|
|
|
|
|
Fund |
|
|
|
|
|
Fixed Rate |
|
|
|
|
|
Unrealized |
|
|
|
|
Notional |
|
Pay/Receive |
|
|
|
Fixed Rate |
|
Payment |
|
Effective |
|
Termination |
|
Appreciation |
|
|
Counterparty |
|
Amount |
|
Floating Rate |
|
Floating Rate Index |
|
(Annualized) |
|
Frequency |
|
Date (15) |
|
Date |
|
(Depreciation) (13) |
|
|
JPMorgan |
|
$ 18,475,000 |
|
Receive |
|
1-Month USD-LIBOR |
|
1.255 |
% |
Monthly |
|
12/01/14 |
|
12/01/18 |
|
$ 439,478 |
|
|
JPMorgan |
|
18,475,000 |
|
Receive |
|
1-Month USD-LIBOR |
|
1.673 |
|
Monthly |
|
12/01/14 |
|
12/01/20 |
|
805,892 |
|
|
Morgan Stanley |
|
13,975,000 |
|
Receive |
|
1-Month USD-LIBOR |
|
2.323 |
|
Monthly |
|
3/29/11 |
|
3/29/16 |
|
(517,844 |
) |
|
|
|
$ 50,925,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 727,526 |
|
|
|
|
Fair Value Measurements Fair value is defined as the price that the Fund would receive 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 risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period: | |||||||||||||
|
|
|
| |||||||||||||
|
|
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
| ||||
|
|
|
Long-Term Investments: |
|
|
|
|
|
|
|
|
| ||||
|
|
|
Common Stocks |
|
$ 199,761,682 |
|
$ 9,744,491 |
|
$ — |
** |
$ 209,506,173 |
| ||||
|
|
|
Convertible Preferred Securities |
|
2,092,350 |
|
— |
|
— |
|
2,092,350 |
| ||||
|
|
|
$25 Par (or similar) Retail Structures |
|
15,916,001 |
|
3,108,587 |
|
— |
|
19,024,588 |
| ||||
|
|
|
Variable Rate Senior Loan Interests |
|
— |
|
46,471,402 |
|
— |
|
46,471,402 |
| ||||
|
|
|
Corporate Bonds |
|
— |
|
684,338 |
|
— |
|
684,338 |
| ||||
|
|
|
$1,000 Par (or similar) Institutional Structures |
|
— |
|
2,218,690 |
|
— |
|
2,218,690 |
| ||||
|
|
|
Short-Term Investments: |
|
|
|
|
|
|
|
|
| ||||
|
|
|
Repurchase Agreements |
|
— |
|
11,841,215 |
|
— |
|
11,841,215 |
| ||||
|
|
|
Derivatives: |
|
|
|
|
|
|
|
|
| ||||
|
|
|
Options Written |
|
(203,248 |
) |
— |
|
— |
|
(203,248 |
) | ||||
|
|
|
Interest Rate Swaps* |
|
— |
|
727,526 |
|
— |
|
727,526 |
| ||||
|
|
|
Total |
|
$ 217,566,785 |
|
$ 74,796,249 |
|
$ — |
** |
$ 292,363,034 |
| ||||
|
|
|
* Represents net unrealized appreciation (depreciation).
** Value equals zero as of the end of the reporting period.
| |||||||||||||
|
|
|
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 March 31, 2014, the cost of investments (excluding investments in derivatives) was $237,895,227. | |||||||||||||
|
|
|
| |||||||||||||
|
|
|
Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of March 31, 2014, were as follows: | |||||||||||||
|
|
|
| |||||||||||||
|
|
|
| |||||||||||||
|
|
|
Gross unrealized: |
|
|
| ||||||||||
|
|
|
Appreciation |
|
$ 60,187,280 |
| ||||||||||
|
|
|
Depreciation |
|
(6,243,751 |
) | ||||||||||
|
|
|
|
|
|
| ||||||||||
|
|
|
|
|
|
| ||||||||||
|
|
|
Net unrealized appreciation (depreciation) of investments |
|
$ 53,943,529 |
| ||||||||||
|
|
|
|
|
|
| ||||||||||
|
|
|
| |||||||||||||
|
|
|
|
|
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) |
|
Non-income producing; issuer has not declared a dividend within the past twelve months. | |||||||||||
|
|
|
(3) |
|
For fair value measurement disclosure purposes, Common Stock classified as Level 2. | |||||||||||
|
|
|
(4) |
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Trustees. For fair value measurement disclosure purposes, investment classified as Level 3. | |||||||||||
|
|
|
(5) |
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. | |||||||||||
|
|
|
(6) |
|
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. 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. | |||||||||||
|
|
|
(7) |
|
For fair value measurement disclosure purposes, $25 Par (or similar) Retail Structures classified as Level 2. | |||||||||||
|
|
|
(8) |
|
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. | |||||||||||
|
|
|
(9) |
|
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. | |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
(10) |
|
Perpetual security. Maturity date is not applicable. | |||||||||||
|
|
|
(11) |
|
Borrowings as a percentage of Total Investments is 29.1%. | |||||||||||
|
|
|
(12) |
|
The Fund may pledge up to 100% of its eligible investments in the Portfolio of Investments as collateral for Borrowings. As of the end of the reporting period, investments with a value of $181,233,767 have been pledged as collateral for Borrowings. | |||||||||||
|
|
|
(13) |
|
Other Assets Less Liabilities includes the Value and the Unrealized Appreciation (Depreciation) of derivative instruments as listed within Investments in Derivatives as of the end of the reporting period. | |||||||||||
|
|
|
(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. | |||||||||||
|
|
|
N/A |
|
Not applicable. | |||||||||||
|
|
|
WI/DD |
|
Purchased on a when-issued or delayed-delivery basis. | |||||||||||
|
|
|
ADR |
|
American Depositary Receipt. | |||||||||||
|
|
|
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. | |||||||||||
|
|
|
USD-LIBOR |
|
United States Dollar-London Inter-Bank Offered Rate. | |||||||||||
Item 2. Controls and Procedures.
|
a. |
|
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)). |
|
|
|
|
|
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 Tax-Advantaged Total Return Strategy Fund
|
By (Signature and Title) |
/s/ Kevin J. McCarthy |
|
|
|
Kevin J. McCarthy |
|
|
|
Vice President and Secretary |
|
Date: May 30, 2014
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: May 30, 2014
|
By (Signature and Title) |
/s/ Stephen D. Foy |
|
|
|
Stephen D. Foy |
|
|
|
Vice President and Controller (principal financial officer) |
|
Date: May 30, 2014