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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 67077P101
- Market Cap
- Small Cap · $143 Million
- IPO
- 9/27/2017
Fund Description: Nuveen Emerging Markets Debt 2022 Target Term Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen Emerging Markets Debt 2022 Target Term Fund seeks provide a high level of current income and to return $9.85 per share (the original net asset value (NAV) per common share before deducting offering costs of $0.02 per share) to holders of common shares on or about 12/1/2022 (the Termination Date). The Fund will attempt to strike a balance between the two objectives, seeking to provide as high a level of current income as is consistent with the Fund’s overall credit performance and the declining average effective maturity of its portfolio, on the one hand, and its objective of returning the Original NAV (as defined below) on or about the Termination Date, on the other. However, as the Fund approaches the Termination Date, its monthly distributions are likely to decline, and there can be no assurance that the Fund will achieve either of its investment objectives or that the Fund’s investment strategies will be successful. FUND STRATEGY: The Fund seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its Managed Assets in emerging market debt securities. Such securities include a broad range of sovereign, quasi-sovereign and corporate debt securities. The Fund will only invest in U.S. dollar denominated securities. The Fund’s debt securities will include investment grade and below investment grade instruments. Additionally, the Fund’s portfolio may contain restricted and illiquid securities. The Fund also may invest in certain derivative instruments in pursuit of its investment objectives. Such instruments include financial futures contracts and options thereon, swaps (with varying terms, including interest rate swaps, credit default swaps and credit default swap indices), options on swaps and other fixed-income derivative instruments. FUND MANAGEMENT: Nuveen Fund Advisors serves as the Fund’s investment adviser. Teachers Advisors, LLC serves as sub-adviser to the Fund
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- Kristyna Munoz · 312-917-8343 · Kristyna.Munoz@nuveen.com