Nuveen Corporate Income 2023 Target Term Fund(JHAA)

$9.70—

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Nuveen Corporate Income 2023 Target Term Fund(JHAA)

NYSE

$9.70—

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JHAA(JHAA)

JHAA

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7/7/26

NUVEEN CORPORATE INCOME 2023 TARGET TERM FUND (JHAA)

Tuesday

4:17 PM

Thesis: Investor sentiment is shifting positively as the fund's strategic pivot towards higher-rated corporate bonds aligns with improving credit conditions and lower default risks.

Revenue Outlook

Metric	FY2021	FY2022
Revenue	$3M	$-2M
Rev. Growth	+69.1%	-164%
EPS	$0.39	$-0.28
EPS Growth	+77.3%	-172%
P/E	—	—

What’s Driving the Stock

1The fund's recent shift to increase allocation in higher-rated corporate bonds could enhance yield stability, with a target yield increase of 50 basis points.
2A potential decrease in default rates among investment-grade corporates could lead to improved NAV performance, with estimates suggesting a 10% reduction in defaults.
3Rising inflation expectations may prompt a shift in investor preference towards fixed-income securities, potentially increasing inflows into the fund by 20% over the next quarter.
4Increased volatility in equity markets may drive investors towards safer income-generating assets, potentially increasing the fund's AUM by 15% in the next six months.
5Shift towards sustainable investing in fixed-income
6Increased demand for income amid low-interest-rate environments
7Changes in interest rates, particularly the Federal Funds Rate
8Credit spreads in the high-yield bond market

FY2022 Snapshot

Revenue: $-2M
Rev. Growth: -164%
Gross Margin: 100%
Op. Margin: 77.7%
Net Margin: 108%
Net Income: $-2M
NI Growth: -172%
EPS: $-0.28

JHAA Chart

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My Notes

"Management believes that our proactive adjustments will position us favorably in a recovering credit environment."
Moat: The fund's competitive advantage is bolstered by Nuveen's established reputation and expertise in fixed-income management.
income - The fund is primarily attractive to income-focused investors seeking stable returns from corporate bonds.
High interest rates can negatively impact bond prices, leading to potential declines in NAV.
Watch on earnings: Federal Funds Rate, High Yield Credit Spreads (OAS), 10-Year Treasury Yield.

One Sentence Summary:

Nuveen Corporate Income 2023 Target Term Fund: the setup is constructive — the fund's recent shift to increase allocation in higher-rated corporate bonds could enhance yield stability.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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Metric

FY2021

FY2022

P/E

—

What’s Driving the Stock

1The fund's recent shift to increase allocation in higher-rated corporate bonds could enhance yield stability, with a target yield increase of 50 basis points.

2A potential decrease in default rates among investment-grade corporates could lead to improved NAV performance, with estimates suggesting a 10% reduction in defaults.

3Rising inflation expectations may prompt a shift in investor preference towards fixed-income securities, potentially increasing inflows into the fund by 20% over the next quarter.

4Increased volatility in equity markets may drive investors towards safer income-generating assets, potentially increasing the fund's AUM by 15% in the next six months.

5Shift towards sustainable investing in fixed-income

6Increased demand for income amid low-interest-rate environments

7Changes in interest rates, particularly the Federal Funds Rate

8Credit spreads in the high-yield bond market

My Notes

"Management believes that our proactive adjustments will position us favorably in a recovering credit environment."

Moat: The fund's competitive advantage is bolstered by Nuveen's established reputation and expertise in fixed-income management.

income - The fund is primarily attractive to income-focused investors seeking stable returns from corporate bonds.

High interest rates can negatively impact bond prices, leading to potential declines in NAV.

Watch on earnings: Federal Funds Rate, High Yield Credit Spreads (OAS), 10-Year Treasury Yield.