Nuveen Core Equity Alpha 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 811-22003

Nuveen Core Equity Alpha 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:       December 31      

Date of reporting period:  September 30, 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

 

 

JCE
Nuveen Core Equity Alpha Fund
Portfolio of Investments September 30, 2017 (Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 98.3%        
    COMMON STOCKS – 98.3%        
    Aerospace & Defense – 3.2%        
8,900   Boeing Company, (2)       $2,262,469
15,000   General Dynamics Corporation       3,083,700
7,800   Northrop Grumman Corporation       2,244,216
2,700   Raytheon Company       503,766
    Total Aerospace & Defense       8,094,151
    Airlines – 0.5%        
5,600   Southwest Airlines Co.       313,488
13,500   United Continental Holdings Inc, (3)       821,880
    Total Airlines       1,135,368
    Banks – 0.7%        
6,500   Comerica Incorporated, (2)       495,690
21,300   KeyCorp, (2)       400,866
6,300   PNC Financial Services Group, Inc.       849,051
    Total Banks       1,745,607
    Beverages – 1.9%        
13,400   Constellation Brands, Inc., Class A       2,672,630
15,500   Dr. Pepper Snapple Group, (2)       1,371,285
6,100   PepsiCo, Inc.       679,723
    Total Beverages       4,723,638
    Biotechnology – 1.8%        
4,700   AbbVie Inc.       417,642
5,800   Incyte Pharmaceuticals Inc., (3)       677,092
3,600   Regeneron Pharmaceuticals, Inc., (3)       1,609,632
12,200   Vertex Pharmaceuticals Inc., (3)       1,854,888
    Total Biotechnology       4,559,254
    Building Products – 1.6%        
14,400   Allegion PLC       1,245,168
22,500   Fortune Brands Home & Security       1,512,675
19,400   Masco Corporation       756,794
9,300   Smith AO Corporation       552,699
    Total Building Products       4,067,336
    Capital Markets – 1.6%        
1,300   Ameriprise Financial, Inc       193,063
1,800   CBOE Holdings Inc.       193,734
6,900   CME Group, Inc, (2)       936,192

Shares   Description (1)       Value
    Capital Markets (continued)        
6,300   E*Trade Group Inc., (3)       $274,743
2,100   Moody's Corporation       292,341
2,700   NASDAQ Stock Market, Inc       209,439
1,300   Northern Trust Corporation       119,509
6,100   S&P Global, Inc       953,491
1,700   State Street Corporation       162,418
7,500   T. Rowe Price Group Inc.       679,875
    Total Capital Markets       4,014,805
    Chemicals – 2.4%        
4,500   Albemarle Corporation       613,395
1,300   Ecolab Inc       167,193
5,100   FMC Corporation       455,481
7,200   International Flavors & Fragrances Inc       1,028,952
11,200   Monsanto Company       1,341,984
6,600   Sherwin-Williams Company       2,363,064
    Total Chemicals       5,970,069
    Commercial Services & Supplies – 1.5%        
25,900   Republic Services, Inc.       1,710,954
24,900   Waste Management, Inc.       1,948,923
    Total Commercial Services & Supplies       3,659,877
    Containers & Packaging – 0.5%        
2,300   Avery Dennison Corporation       226,182
10,000   Packaging Corp. of America       1,146,800
    Total Containers & Packaging       1,372,982
    Diversified Consumer Services – 0.2%        
22,800   H & R Block Inc       603,744
    Diversified Financial Services – 0.4%        
41,100   Leucadia National Corporation       1,037,775
    Electric Utilities – 7.0%        
25,000   Alliant Energy Corporation       1,039,250
9,100   American Electric Power Company, Inc.       639,184
28,900   Edison International       2,230,213
10,000   Entergy Corporation       763,600
27,700   Eversource Energy       1,674,188
10,800   NextEra Energy Inc       1,582,740
25,700   PG&E Corporation       1,749,913
7,200   Pinnacle West Capital Corporation       608,832
85,900   PPL Corporation, (2)       3,259,905
42,000   Southern Company       2,063,880
40,700   Xcel Energy, Inc       1,925,924
    Total Electric Utilities       17,537,629

Shares   Description (1)       Value
    Electrical Equipment – 0.4%        
11,800   Ametek Inc       $779,272
4,200   Eaton PLC       322,518
    Total Electrical Equipment       1,101,790
    Electronic Equipment, Instruments & Components – 1.2%        
34,800   Amphenol Corporation, Class A       2,945,472
    Equity Real Estate Investment Trust – 8.7%        
3,400   Alexandria Real Estate Equities Inc       404,498
19,900   American Tower Corporation, REIT       2,719,932
14,300   AvalonBay Communities, Inc.       2,551,406
10,300   Crown Castle International Corporation       1,029,794
16,300   Digital Realty Trust Inc.       1,928,779
8,400   Duke Realty Corporation       242,088
1,543   Equinix Inc.       688,641
1,900   Equity Residential       125,267
9,300   Essex Property Trust Inc.       2,362,479
4,500   Extra Space Storage Inc.       359,640
23,000   Health Care Property Investors Inc       640,090
5,900   Host Hotels & Resorts Inc       109,091
15,100   Mid-America Apartment Communities       1,613,888
46,600   Prologis Inc       2,957,236
3,600   SBA Communications Corporation, (3)       518,580
18,600   UDR Inc.       707,358
19,700   Ventas Inc       1,283,061
23,300   Welltower Inc       1,637,524
    Total Equity Real Estate Investment Trust       21,879,352
    Food Products – 1.0%        
12,200   Hershey Foods Corporation       1,331,874
16,800   Tyson Foods, Inc., Class A       1,183,560
    Total Food Products       2,515,434
    Health Care Equipment & Supplies – 8.0%        
18,800   Abbott Laboratories       1,003,168
8,700   Align Technology, Inc, (3)       1,620,549
53,100   Baxter International, Inc., (2)       3,332,025
800   Becton, Dickinson and Company       156,760
20,800   Boston Scientific Corporation, (3)       606,736
5,100   C. R. Bard, Inc       1,634,550
10,500   Cooper Companies, Inc       2,489,655
3,200   Edwards Lifesciences Corporation, (3)       349,792
29,300   Hologic Inc., (3)       1,075,017
4,100   Idexx Labs Inc, (3)       637,509
2,600   Intuitive Surgical, Inc., (3)       2,719,288
9,900   Medtronic, PLC       769,923

Shares   Description (1)       Value
    Health Care Equipment & Supplies (continued)        
13,500   ResMed Inc       $1,038,960
7,600   Stryker Corporation       1,079,352
10,300   Varian Medical Systems, Inc, (3)       1,030,618
4,500   Zimmer Biomet Holdings, Inc.       526,905
    Total Health Care Equipment & Supplies       20,070,807
    Health Care Providers & Services – 5.0%        
7,200   Aetna Inc.       1,144,872
10,300   Anthem Inc.       1,955,764
9,600   Cardinal Health, Inc.       642,432
25,600   Centene Corporation, (3)       2,477,312
3,700   CIGNA Corporation       691,678
9,800   Henry Schein Inc, (3)       803,502
7,700   Humana Inc.       1,875,951
3,500   Laboratory Corporation of America Holdings, (3)       528,395
24,700   Quest Diagnostics Incorporated       2,312,908
1,200   UnitedHealth Group Incorporated       235,020
    Total Health Care Providers & Services       12,667,834
    Health Care Technology – 0.6%        
21,400   Cerner Corporation, (3)       1,526,248
    Hotels, Restaurants & Leisure – 5.3%        
36,500   Carnival Corporation       2,356,805
3,300   Chipotle Mexican Grill, (3)       1,015,839
10,500   Darden Restaurants, Inc.       827,190
33,700   Marriott International, Inc., Class A       3,715,762
12,200   McDonald's Corporation       1,911,496
16,000   Wyndham Worldwide Corporation       1,686,560
12,800   Wynn Resorts Ltd       1,906,176
    Total Hotels, Restaurants & Leisure       13,419,828
    Household Durables – 2.2%        
70,500   D.R. Horton, Inc., (2)       2,815,065
1,500   Leggett and Platt Inc       71,595
22,900   Lennar Corporation, Class A       1,209,120
2,400   Mohawk Industries Inc., (3)       594,024
35,100   PulteGroup Inc       959,283
    Total Household Durables       5,649,087
    Household Products – 0.7%        
10,200   Clorox Company       1,345,482
3,200   Kimberly-Clark Corporation       376,576
    Total Household Products       1,722,058
    Independent Power & Renewable Electricity Producers – 0.1%        
7,700   NRG Energy Inc.       197,043

Shares   Description (1)       Value
    Industrial Conglomerates – 1.0%        
7,900   3M Co.       $1,658,210
3,800   Roper Technologies, Inc       924,920
    Total Industrial Conglomerates       2,583,130
    Insurance – 5.2%        
4,200   Ace Limited       598,710
8,500   AFLAC Incorporated       691,815
28,700   Allstate Corporation       2,637,817
6,100   AON PLC       891,210
27,600   Arthur J. Gallagher & Co.       1,698,780
32,900   Hartford Financial Services Group, Inc.       1,823,647
16,000   Principal Financial Group, Inc       1,029,440
37,800   Progressive Corporation       1,830,276
400   Prudential Financial, Inc.       42,528
1,100   Travelers Companies, Inc       134,772
2,400   Willis Towers Watson PLC       370,152
33,200   XL Group Limited       1,309,740
    Total Insurance       13,058,887
    Internet & Direct Marketing Retail – 1.2%        
15,200   Expedia, Inc.       2,187,888
3,300   NetFlix.com Inc, (3)       598,455
100   Priceline Group Incorporated, (3)       183,082
    Total Internet & Direct Marketing Retail       2,969,425
    Internet Software & Services – 0.1%        
3,300   VeriSign, Inc, (3)       351,087
    IT Services – 2.7%        
28,300   Automatic Data Processing, Inc.       3,093,756
9,328   DXC Technology Company       801,089
5,900   Fiserv, Inc., (3)       760,864
8,200   Gartner Inc, (3)       1,020,162
900   Global Payments Inc.       85,527
14,300   PayPal Holdings, Inc., (3)       915,629
    Total IT Services       6,677,027
    Leisure Products – 0.1%        
3,600   Hasbro, Inc       351,612
    Life Sciences Tools & Services – 2.1%        
5,600   Agilent Technologies, Inc.       359,520
3,400   Illumina Inc, (3)       677,280
3,000   Mettler-Toledo International Inc, (3)       1,878,480
12,900   Perkinelmer Inc       889,713
8,900   Waters Corporation, (3)       1,597,728
    Total Life Sciences Tools & Services       5,402,721

Shares   Description (1)       Value
    Machinery – 2.8%        
16,300   Deere & Company       $2,047,117
15,700   Fortive Corporation       1,111,403
2,700   Illinois Tool Works, Inc.       399,492
20,000   Ingersoll Rand Company Limited, Class A       1,783,400
12,900   Pentair Limited       876,684
4,900   Stanley Black & Decker Inc.       739,753
    Total Machinery       6,957,849
    Media – 1.5%        
23,400   CBS Corporation, Class B       1,357,200
22,400   Time Warner Inc.       2,294,880
    Total Media       3,652,080
    Multi-Utilities – 4.9%        
21,600   Ameren Corporation       1,249,344
57,900   CenterPoint Energy, Inc., (2)       1,691,259
14,400   CMS Energy Corporation       667,008
15,000   Consolidated Edison, Inc       1,210,200
38,900   Dominion Resources, Inc.       2,992,577
16,900   DTE Energy Company       1,814,384
17,100   NiSource Inc       437,589
12,000   Sempra Energy       1,369,560
15,600   WEC Energy Group, Inc.       979,368
    Total Multi-Utilities       12,411,289
    Oil, Gas & Consumable Fuels – 0.4%        
3,900   Andeavor       402,285
4,600   Cabot Oil & Gas Corporation       123,050
12,000   Williams Companies Inc, (2)       360,120
    Total Oil, Gas & Consumable Fuels       885,455
    Personal Products – 0.2%        
4,100   Estee Lauder Companies Inc., Class A       442,144
    Pharmaceuticals – 0.5%        
6,200   Eli Lilly and Company       530,348
12,500   Zoetis Incorporated       797,000
    Total Pharmaceuticals       1,327,348
    Professional Services – 0.3%        
2,800   Equifax Inc       296,772
10,900   IHS Markit Limited, (3)       480,472
    Total Professional Services       777,244
    Road & Rail – 1.9%        
62,600   CSX Corporation, (2)       3,396,676
11,900   Kansas City Southern Industries       1,293,292
    Total Road & Rail       4,689,968

Shares   Description (1)       Value
    Semiconductors & Semiconductor Equipment – 9.7%        
12,325   Analog Devices, Inc.       $1,062,045
114,200   Applied Materials, Inc., (2)       5,948,678
10,444   Broadcom Limited       2,533,088
25,700   KLA-Tencor Corporation       2,724,200
12,300   Lam Research Corporation       2,275,992
7,600   Microchip Technology Incorporated       682,328
128,200   Micron Technology, Inc., (2), (3)       5,042,106
22,900   NVIDIA Corporation, (2)       4,093,833
    Total Semiconductors & Semiconductor Equipment       24,362,270
    Software – 1.8%        
33,400   Activision Blizzard Inc       2,154,634
15,200   Adobe Systems Incorporated, (2), (3)       2,267,536
600   Ansys Inc, (3)       73,638
    Total Software       4,495,808
    Specialty Retail – 0.7%        
9,500   Best Buy Co., Inc.       541,120
12,700   Tiffany & Co.       1,165,606
    Total Specialty Retail       1,706,726
    Technology Hardware, Storage & Peripherals – 1.4%        
3,100   Apple, Inc., (2)       477,772
18,100   HP Inc       361,276
30,800   Western Digital Corporation       2,661,120
    Total Technology Hardware, Storage & Peripherals       3,500,168
    Textiles, Apparel & Luxury Goods – 0.8%        
15,300   Coach, Inc.       616,284
20,400   Hanesbrands Inc       502,656
2,800   PVH Corporation       352,968
8,100   VF Corporation       514,917
    Total Textiles, Apparel & Luxury Goods       1,986,825
    Tobacco – 2.5%        
46,600   Altria Group, Inc.       2,955,372
29,600   Philip Morris International       3,285,896
    Total Tobacco       6,241,268
    Water Utilities – 0.0%        
1,400   American Water Works Company       113,274
    Total Long-Term Investments (cost $216,038,787)       247,160,793
    

Principal Amount (000)   Description (1) Coupon Maturity Ratings (4) Value
    SHORT-TERM INVESTMENTS – 2.6%        
    REPURCHASE AGREEMENTS – 1.6%        
$ 4,024   Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/29/17, repurchase price $4,023,823, collateralized by $4,115,000 U.S. Treasury Notes, 2.250%, due 2/15/27, value $4,107,877 0.120% 10/02/17 N/A $ 4,023,783
    U.S. GOVERNMENT AND AGENCY OBLIGATIONS  –  1.0%        
2,500   U.S. Treasury Bills, (2) 0.000% 1/18/18 Aaa 2,492,409
    Total Short-Term Investments (cost $6,515,529)       6,516,192
    Total Investments (cost $222,554,316) – 100.9%       253,676,985
    Other Assets Less Liabilities – (0.9)% (5)       (2,298,799)
    Net Assets – 100%       $ 251,378,186
Investments in Derivatives as of September 30, 2017
Futures Contracts  
Description Contract
Position 		Number of
Contracts 		Expiration
Date 		Notional
Amount 		Value Unrealized
Appreciation
(Depreciation) 		Variation
Margin
Receivable/
(Payable)
S&P 500 E-Mini Long 45 12/17 $5,611,936 $5,661,225 $49,289 $18,900
    
Options Written  
Description Number of
Contracts 		Notional
Amount (6) 		Exercise
Price 		Expiration
Date 		Value
RUSSELL 2000® Index (151) $(21,744,000) $1,440 10/20/17 $(853,150)
RUSSELL 2000® Index (475) (68,875,000) 1,450 10/20/17 (2,272,875)
Total Options Written (premiums received $422,700) (626) $(90,619,000)     $(3,126,025)
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 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 $247,160,793 $  — $ — $247,160,793
Short-Term Investments:        
Repurchase Agreements  — 4,023,783  — 4,023,783
U.S. Government and Agency Obligations  — 2,492,409  — 2,492,409
Investments in Derivatives:        
Futures Contracts* 49,289  —  — 49,289
Options Written (3,126,025)  —  — (3,126,025)
Total $244,084,057 $6,516,192 $ — $250,600,249
    
* Represents net unrealized appreciation (depreciation).
Income Tax Information
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes areprimarily due to timing differences in recognizing certain gains and losses on investment transactions and the recognition of unrealized gain or loss for tax(mark-to-market) on futures contracts and certain options contracts. 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 September 30, 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 $222,560,572
Gross unrealized:  
Appreciation $ 33,167,571
Depreciation (2,045,002)
Net unrealized appreciation (depreciation) of investments $ 31,122,569
    
Tax cost of futures contracts $49,289
Net unrealized appreciation (depreciation) on futures contracts -
    
Tax cost of options written contracts $(3,126,025)
Net unrealized appreciation (depreciation) on option contracts written -
  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 .  
(2) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives.  
(3) Non-income producing; issuer has not declared a dividend within the past twelve months.  
(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) Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as presented on the Statement of Assets and Liabilities, when applicable. The unrealized appreciation (depreciation) of OTC-cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. Other assets less liabilities also includes the value of options as presented on Statement of Assets and Liabilities.  
(6) For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.  
N/A Not Applicable  
REIT Real Estate Investment Trust  

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 Core Equity Alpha Fund   
By (Signature and Title)    /s/ Gifford R. Zimmerman                                                        
   Gifford R. Zimmerman   
   Vice President and Secretary   

Date: November 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: November 29, 2017      
By (Signature and Title)    /s/ Stephen D. Foy                                                                    
   Stephen D. Foy   
   Vice President and Controller (principal financial officer)   
Date: November 29, 2017