UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-07619
Nuveen Investment Trust
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Christopher M. Rohrbacher
Vice President and Secretary
333 West Wacker Drive, Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: June 30
Date of reporting period: December 31, 2018
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR 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 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. ss.3507.
Item 1. Reports to Stockholders.
Fund Name | Class A | Class C | Class R3 | Class R6 | Class I | |
Nuveen NWQ Global Equity Income Fund | NQGAX | NQGCX | NQGRX | — | NQGIX | |
Nuveen NWQ International Value Fund | NAIGX | NCIGX | NTITX | — | NGRRX | |
Nuveen NWQ Multi-Cap Value Fund | NQVAX | NQVCX | NMCTX | — | NQVRX | |
Nuveen NWQ Large-Cap Value Fund | NQCAX | NQCCX | NQCQX | — | NQCRX | |
Nuveen NWQ Small/Mid-Cap Value Fund | NSMAX | NSMCX | NWQRX | NWQFX | NSMRX | |
Nuveen NWQ Small-Cap Value Fund | NSCAX | NSCCX | NSCQX | NSCFX | NSCRX |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since Inception | ||
Class A Shares at NAV | (11.30)% | (14.58)% | 1.25% | 6.80% | |
Class A Shares at maximum Offering Price | (16.40)% | (19.49)% | 0.06% | 6.12% | |
MSCI World Index | (9.10)% | (8.71)% | 4.56% | 7.91% | |
Lipper Global Equity Income Funds Classification Average | (7.17)% | (9.42)% | 2.72% | 6.05% | |
Class C Shares | (11.63)% | (15.21)% | 0.49% | 6.00% | |
Class R3 Shares | (11.40)% | (14.79)% | 0.99% | 6.53% | |
Class I Shares | (11.21)% | (14.38)% | 1.50% | 7.06% |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Gross Expense Ratios | 1.18% | 1.93% | 1.43% | 0.92% |
Net Expense Ratios | 1.11% | 1.86% | 1.36% | 0.86% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | (15.08)% | (18.29)% | (1.21)% | 2.94% | |
Class A Shares at maximum Offering Price | (19.95)% | (23.01)% | (2.37)% | 2.33% | |
MSCI EAFE Index | (11.35)% | (13.79)% | 0.53% | 6.32% | |
Lipper International Multi-Cap Value Funds Classification Average | (13.13)% | (17.27)% | (1.11)% | 4.97% | |
Class C Shares | (15.44)% | (18.93)% | (1.95)% | 2.16% | |
Class R3 Shares | (15.22)% | (18.50)% | (1.46)% | 2.68% | |
Class I Shares | (14.98)% | (18.09)% | (0.96)% | 3.19% |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Gross Expense Ratios | 1.27% | 2.02% | 1.52% | 1.02% |
Net Expense Ratios | 1.15% | 1.90% | 1.40% | 0.90% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | (16.68)% | (14.58)% | 1.44% | 9.46% | |
Class A Shares at maximum Offering Price | (21.46)% | (19.48)% | 0.24% | 8.81% | |
Russell 3000® Value Index | (7.51)% | (8.58)% | 5.77% | 11.12% | |
Lipper Multi-Cap Value Funds Classification Average | (10.57)% | (11.42)% | 4.24% | 10.74% | |
Class C Shares | (17.02)% | (15.26)% | 0.67% | 8.63% | |
Class R3 Shares | (16.77)% | (14.82)% | 1.18% | 9.18% | |
Class I Shares | (16.58)% | (14.39)% | 1.69% | 9.73% |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Gross Expense Ratios | 1.24% | 1.99% | 1.49% | 0.99% |
Net Expense Ratios | 1.15% | 1.90% | 1.40% | 0.90% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | (15.26)% | (15.01)% | 2.08% | 7.95% | |
Class A Shares at maximum Offering Price | (20.13)% | (19.91)% | 0.87% | 7.32% | |
Russell 1000® Value Index | (6.69)% | (8.27)% | 5.95% | 11.18% | |
Lipper Multi-Cap Value Funds Classification Average | (10.57)% | (11.42)% | 4.24% | 10.74% | |
Class C Shares | (15.50)% | (15.50)% | 1.33% | 7.15% | |
Class I Shares | (15.25)% | (14.87)% | 2.31% | 8.21% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since Inception | ||
Class R3 Shares | (15.39)% | (15.26)% | 1.81% | 5.76% |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Gross Expense Ratios | 1.19% | 1.94% | 1.44% | 0.94% |
Net Expense Ratios | 1.00% | 1.75% | 1.25% | 0.75% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | (22.49)% | (18.58)% | 0.22% | 10.85% | |
Class A Shares at maximum Offering Price | (26.95)% | (23.26)% | (0.96)% | 10.19% | |
Russell 2500® Value Index | (14.91)% | (12.36)% | 4.16% | 11.62% | |
Lipper Small-Cap Core Funds Classification Average | (16.70)% | (12.67)% | 3.41% | 11.64% | |
Class C Shares | (22.80)% | (19.21)% | (0.53)% | 10.06% | |
Class I Shares | (22.41)% | (18.39)% | 0.47% | 11.13% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since Inception | ||
Class R3 Shares | (22.58)% | (18.79)% | (0.03)% | 8.37% | |
Class R6 Shares | (22.30)% | (18.21)% | N/A | 2.67% |
Share Class | |||||
Class A | Class C | Class R3 | Class R6 | Class I | |
Gross Expense Ratios | 1.53% | 2.29% | 1.78% | 1.13% | 1.25% |
Net Expense Ratios | 1.31% | 2.06% | 1.56% | 0.89% | 1.06% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | (23.24)% | (19.19)% | 2.29% | 12.73% | |
Class A Shares at maximum Offering Price | (27.65)% | (23.83)% | 1.08% | 12.06% | |
Russell 2000® Value Index | (17.36)% | (12.86)% | 3.61% | 10.40% | |
Lipper Small-Cap Core Funds Classification Average | (16.70)% | (12.67)% | 3.41% | 11.64% | |
Class C Shares | (23.52)% | (19.79)% | 1.53% | 11.90% | |
Class I Shares | (23.15)% | (18.99)% | 2.54% | 13.02% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since Inception | ||
Class R3 Shares | (23.32)% | (19.38)% | 2.03% | 10.27% | |
Class R6 Shares | (23.07)% | (18.86)% | 2.70% | 7.26% |
Share Class | |||||
Class A | Class C | Class R3 | Class R6 | Class I | |
Expense Ratios | 1.27% | 2.01% | 1.51% | 0.85% | 1.01% |
Fund Allocation (% of net assets) | |
Common Stocks | 98.3% |
$1,000 Par (or similar) Institutional Preferred | 1.2% |
Structured Notes | 0.7% |
$25 Par (or similar) Retail Preferred | 0.1% |
Other Assets Less Liabilities | (0.3)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Enterprise Products Partners LP | 3.4% |
DowDuPont Inc | 3.4% |
Oracle Corp | 3.3% |
Veolia Environnement SA | 3.1% |
GlaxoSmithKline PLC | 3.1% |
Portfolio Composition (% of net assets) | |
Banks | 12.0% |
Oil, Gas & Consumable Fuels | 8.6% |
Pharmaceuticals | 8.1% |
Insurance | 7.9% |
Diversified Financial Services | 6.0% |
Capital Markets | 6.0% |
Software | 5.4% |
Food Products | 3.5% |
Chemicals | 3.4% |
Diversified Telecommunication Services | 3.3% |
Multi-Utilities | 3.1% |
Air Freight & Logistics | 2.9% |
Semiconductors & Semiconductor Equipment | 2.8% |
Electric Utilities | 2.8% |
Industrial Conglomerates | 2.5% |
Tobacco | 2.5% |
Other | 18.8% |
Structured Notes | 0.7% |
Other Assets Less Liabilities | (0.3)% |
Net Assets | 100% |
Country Allocation1 (% of net assets) | |
United States | 37.8% |
Germany | 14.8% |
United Kingdom | 7.2% |
Japan | 6.0% |
France | 4.7% |
Ireland | 4.2% |
Spain | 3.4% |
Switzerland | 3.3% |
Bermuda | 3.1% |
Netherlands | 3.0% |
Other | 12.8% |
Other Assets Less Liabilities | (0.3)% |
Net Assets | 100% |
1 | Includes 4.6% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 98.8% |
Repurchase Agreements | 0.8% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Nippon Telegraph & Telephone Corporation, ADR | 3.3% |
Sanofi, SA | 3.0% |
SK Telecom Co Ltd, Sponsored ADR | 3.0% |
ING Groep NV | 2.8% |
Axis Capital Holdings Ltd | 2.7% |
Portfolio Composition (% of net assets) | |
Banks | 14.6% |
Insurance | 9.5% |
Pharmaceuticals | 7.8% |
Food & Staples Retailing | 6.0% |
Diversified Telecommunication Services | 5.4% |
Oil, Gas & Consumable Fuels | 4.6% |
Commercial Services & Supplies | 4.0% |
Automobiles | 3.7% |
Capital Markets | 3.7% |
Professional Services | 3.6% |
Technology Hardware, Storage & Peripherals | 3.3% |
Wireless Telecommunication Services | 3.0% |
Household Durables | 2.8% |
Semiconductors & Semiconductor Equipment | 2.6% |
Industrial Conglomerates | 2.5% |
Media | 2.0% |
Other | 19.7% |
Repurchase Agreements | 0.8% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Country Allocation1 (% of net assets) | |
Japan | 23.7% |
Netherlands | 11.1% |
Germany | 10.5% |
France | 8.9% |
United Kingdom | 7.5% |
South Korea | 5.7% |
Switzerland | 5.2% |
United States | 5.1% |
Denmark | 4.3% |
Belgium | 4.0% |
Other | 13.6% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
1 | Includes 6.6% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 97.2% |
Repurchase Agreements | 2.8% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Oil, Gas & Consumable Fuels | 12.3% |
Insurance | 8.6% |
Diversified Financial Services | 8.5% |
Banks | 6.5% |
Specialty Retail | 5.3% |
Machinery | 5.0% |
Semiconductors & Semiconductor Equipment | 4.8% |
Pharmaceuticals | 4.5% |
Consumer Finance | 3.8% |
Software | 3.4% |
Automobiles | 3.2% |
Electric Utilities | 3.2% |
IT Services | 2.6% |
Life Sciences Tools & Services | 2.6% |
Equity Real Estate Investment Trust | 2.6% |
Airlines | 2.6% |
Other | 17.7% |
Repurchase Agreements | 2.8% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Citigroup Inc | 3.7% |
CIT Group Inc | 3.6% |
Oracle Corp | 3.4% |
JPMorgan Chase & Co | 3.3% |
General Motors Co | 3.2% |
Fund Allocation (% of net assets) | |
Common Stocks | 97.7% |
Repurchase Agreements | 0.6% |
Other Assets Less Liabilities | 1.7% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Oil, Gas & Consumable Fuels | 12.2% |
Diversified Financial Services | 8.9% |
Insurance | 7.8% |
Banks | 7.0% |
Specialty Retail | 5.2% |
Consumer Finance | 5.0% |
Machinery | 4.5% |
Pharmaceuticals | 4.3% |
Electric Utilities | 3.4% |
Software | 3.3% |
Automobiles | 3.2% |
IT Services | 3.1% |
Beverages | 2.6% |
Airlines | 2.6% |
Interactive Media & Services | 2.5% |
Semiconductors & Semiconductor Equipment | 2.4% |
Other | 19.7% |
Repurchase Agreements | 0.6% |
Other Assets Less Liabilities | 1.7% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Citigroup Inc | 3.7% |
CIT Group Inc | 3.6% |
JPMorgan Chase & Co | 3.5% |
FirstEnergy Corp | 3.4% |
Oracle Corp | 3.3% |
Fund Allocation (% of net assets) | |
Common Stocks | 96.2% |
Repurchase Agreements | 31.1% |
Other Assets Less Liabilities | (27.3)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 17.4% |
Oil, Gas & Consumable Fuels | 9.8% |
Insurance | 8.0% |
Semiconductors & Semiconductor Equipment | 7.5% |
Household Durables | 5.0% |
Specialty Retail | 5.0% |
Equity Real Estate Investment Trust | 4.8% |
Construction & Engineering | 4.2% |
Life Sciences Tools & Services | 3.0% |
Metals & Mining | 3.0% |
Containers & Packaging | 3.0% |
Machinery | 2.8% |
Paper & Forest Products | 2.7% |
Auto Components | 2.5% |
Other | 17.5% |
Repurchase Agreements | 31.1% |
Other Assets Less Liabilities | (27.3)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Axis Capital Holdings Ltd | 3.6% |
First Horizon National Corp | 3.2% |
Mellanox Technologies Limited | 3.2% |
Western Alliance Bancorp | 3.0% |
Ameris Bancorp | 3.0% |
Fund Allocation (% of net assets) | |
Common Stocks | 97.5% |
Repurchase Agreements | 3.2% |
Other Assets Less Liabilities | (0.7)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 17.5% |
Semiconductors & Semiconductor Equipment | 9.4% |
Household Durables | 8.3% |
Insurance | 7.3% |
Oil, Gas & Consumable Fuels | 6.9% |
Equity Real Estate Investment Trust | 4.9% |
Paper & Forest Products | 4.8% |
Electronic Equipment, Instruments & Components | 3.6% |
Machinery | 3.5% |
Food Products | 3.2% |
Containers & Packaging | 3.1% |
Thrifts & Mortgage Finance | 2.9% |
Electrical Equipment | 2.7% |
Other | 19.4% |
Repurchase Agreements | 3.2% |
Other Assets Less Liabilities | (0.7)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Aspen Insurance Holdings Ltd | 3.7% |
Western Alliance Bancorp | 3.6% |
RenaissanceRe Holdings Ltd | 3.5% |
Mellanox Technologies Limited | 3.4% |
Ameris Bancorp | 3.2% |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $887.00 | $883.70 | $886.00 | $887.90 |
Expenses Incurred During the Period | $5.28 | $8.83 | $6.47 | $4.09 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.61 | $1,015.83 | $1,018.35 | $1,020.87 |
Expenses Incurred During the Period | $5.65 | $9.45 | $6.92 | $4.38 |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $849.20 | $845.60 | $847.80 | $850.20 |
Expenses Incurred During the Period | $5.36 | $8.84 | $6.52 | $4.20 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.41 | $1,015.63 | $1,018.15 | $1,020.67 |
Expenses Incurred During the Period | $5.85 | $9.65 | $7.12 | $4.58 |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $833.20 | $829.80 | $832.30 | $834.20 |
Expenses Incurred During the Period | $5.31 | $8.76 | $6.47 | $4.16 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.41 | $1,015.63 | $1,018.15 | $1,020.67 |
Expenses Incurred During the Period | $5.85 | $9.65 | $7.12 | $4.58 |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $847.40 | $845.00 | $846.10 | $847.50 |
Expenses Incurred During the Period | $4.66 | $8.14 | $5.82 | $3.49 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,020.16 | $1,016.38 | $1,018.90 | $1,021.42 |
Expenses Incurred During the Period | $5.09 | $8.89 | $6.36 | $3.82 |
Share Class | |||||
Class A | Class C | Class R3 | Class R6 | Class I | |
Actual Performance | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $775.10 | $772.00 | $774.20 | $777.00 | $775.90 |
Expenses Incurred During the Period | $5.86 | $9.20 | $6.98 | $3.90 | $4.74 |
Hypothetical Performance (5% annualized return before expenses) | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,018.60 | $1,014.82 | $1,017.34 | $1,020.82 | $1,019.86 |
Expenses Incurred During the Period | $6.67 | $10.46 | $7.93 | $4.43 | $5.40 |
Share Class | |||||
Class A | Class C | Class R3 | Class R6 | Class I | |
Actual Performance | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $767.60 | $764.80 | $766.80 | $769.30 | $768.50 |
Expenses Incurred During the Period | $5.48 | $8.81 | $6.59 | $3.79 | $4.37 |
Hypothetical Performance (5% annualized return before expenses) | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.00 | $1,015.22 | $1,017.74 | $1,020.92 | $1,020.27 |
Expenses Incurred During the Period | $6.26 | $10.06 | $7.53 | $4.33 | $4.99 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 100.3% | ||||||
COMMON STOCKS – 98.3% | ||||||
Air Freight & Logistics – 2.9% | ||||||
217,200 | Deutsche Post AG, (2) | $5,931,561 | ||||
Airlines – 2.4% | ||||||
97,920 | Delta Air Lines Inc | 4,886,208 | ||||
Automobiles – 1.5% | ||||||
58,255 | Daimler AG, (2) | 3,070,905 | ||||
Banks – 12.0% | ||||||
1,426,600 | AIB Group PLC, (2) | 6,015,556 | ||||
466,510 | Bank of Ireland Group PLC | 2,604,102 | ||||
72,500 | Bank of NT Butterfield & Son Ltd/The | 2,272,875 | ||||
103,380 | CIT Group Inc | 3,956,353 | ||||
564,270 | ING Groep NV, (2) | 6,069,620 | ||||
2,590,600 | Unicaja Banco SA, 144A, (2), (3) | 3,418,508 | ||||
Total Banks | 24,337,014 | |||||
Biotechnology – 1.8% | ||||||
57,935 | Gilead Sciences Inc | 3,623,834 | ||||
Capital Markets – 6.0% | ||||||
76,400 | Aurelius AG, (2) | 2,777,846 | ||||
600,600 | Daiwa Securities Group Inc, (2) | 3,048,427 | ||||
27,275 | Deutsche Boerse AG, (2) | 3,260,870 | ||||
242,400 | UBS Group AG, (2) | 3,023,513 | ||||
Total Capital Markets | 12,110,656 | |||||
Chemicals – 3.4% | ||||||
127,410 | DowDuPont Inc | 6,813,887 | ||||
Diversified Financial Services – 6.0% | ||||||
430,000 | Challenger Ltd/Australia, (2) | 2,874,818 | ||||
117,800 | Citigroup Inc | 6,132,668 | ||||
32,200 | JPMorgan Chase & Co | 3,143,364 | ||||
Total Diversified Financial Services | 12,150,850 | |||||
Diversified Telecommunication Services – 3.3% | ||||||
80,290 | Nippon Telegraph & Telephone Corp, (2) | 3,275,776 | ||||
291,300 | Telefonica Brasil SA, (2) | 3,473,752 | ||||
Total Diversified Telecommunication Services | 6,749,528 |
Shares | Description (1) | Value | ||||
Electric Utilities – 2.8% | ||||||
152,070 | FirstEnergy Corp | $5,710,229 | ||||
Electrical Equipment – 1.5% | ||||||
45,150 | Eaton Corp PLC | 3,099,999 | ||||
Energy Equipment & Services – 1.7% | ||||||
32,070 | Chevron Corp | 3,488,895 | ||||
Entertainment – 1.9% | ||||||
5,900 | Nintendo Co Ltd, (2) | 1,566,680 | ||||
84,325 | Viacom Inc | 2,167,152 | ||||
Total Entertainment | 3,733,832 | |||||
Food Products – 2.3% | ||||||
584,400 | Orkla ASA, (2) | 4,575,793 | ||||
Gas Utilities – 2.0% | ||||||
703,200 | Italgas SpA, (2) | 4,032,518 | ||||
Household Durables – 2.1% | ||||||
284,600 | Sekisui House Ltd, (2) | 4,179,373 | ||||
Industrial Conglomerates – 2.5% | ||||||
45,940 | Siemens AG, (2) | 5,126,975 | ||||
Insurance – 7.8% | ||||||
107,081 | Ageas, (2) | 4,820,318 | ||||
18,930 | Allianz SE, (2) | 3,804,081 | ||||
68,450 | CNA Financial Corp | 3,022,068 | ||||
30,500 | RenaissanceRe Holdings Ltd | 4,077,850 | ||||
Total Insurance | 15,724,317 | |||||
Multi-Utilities – 3.1% | ||||||
304,550 | Veolia Environnement SA, (2) | 6,236,939 | ||||
Oil, Gas & Consumable Fuels – 8.6% | ||||||
279,150 | Enterprise Products Partners LP | 6,864,298 | ||||
142,040 | Equitrans Midstream Corp, (3) | 2,843,641 | ||||
157,500 | Suncor Energy Inc | 4,405,275 | ||||
62,000 | Total SA, (2) | 3,270,197 | ||||
Total Oil, Gas & Consumable Fuels | 17,383,411 | |||||
Pharmaceuticals – 8.1% | ||||||
89,100 | AstraZeneca PLC, Sponsored ADR | 3,384,018 | ||||
46,950 | Bayer AG, (2) | 3,265,314 | ||||
324,340 | GlaxoSmithKline PLC, (2) | 6,181,277 | ||||
14,630 | Roche Holding AG, (2) | 3,632,027 | ||||
Total Pharmaceuticals | 16,462,636 |
Shares | Description (1) | Value | ||||
Real Estate Management & Development – 1.1% | ||||||
518,000 | Great Eagle Holdings Ltd, (2) | $2,219,792 | ||||
Semiconductors & Semiconductor Equipment – 2.8% | ||||||
234,400 | Cypress Semiconductor Corp | 2,981,568 | ||||
137,500 | Infineon Technologies AG, (2) | 2,752,979 | ||||
Total Semiconductors & Semiconductor Equipment | 5,734,547 | |||||
Software – 5.4% | ||||||
41,850 | Microsoft Corp | 4,250,705 | ||||
146,950 | Oracle Corp | 6,634,792 | ||||
Total Software | 10,885,497 | |||||
Specialty Retail – 1.3% | ||||||
1,031,000 | Kingfisher PLC, (2) | 2,710,798 | ||||
Technology Hardware, Storage & Peripherals – 1.5% | ||||||
105,800 | Samsung Electronics Co Ltd, (2) | 3,023,094 | ||||
Textiles, Apparel & Luxury Goods – 0.0% | ||||||
34,456,000 | China Hongxing Sports Ltd, (4) | 25 | ||||
Tobacco – 2.5% | ||||||
74,761 | Imperial Brands PLC, (2) | 2,269,124 | ||||
41,400 | Philip Morris International Inc | 2,763,864 | ||||
Total Tobacco | 5,032,988 | |||||
Total Common Stocks (cost $207,345,781) | 199,036,101 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (5) | Value | |
$1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 1.2% | ||||||
Food Products – 1.2% | ||||||
$1,884 | Land O' Lakes Inc, 144A | 7.250% | N/A (6) | BB | $1,827,480 | |
554 | Land O' Lakes Inc, 144A | 8.000% | N/A (6) | BB | 585,855 | |
$2,438 | Total $1,000 Par (or similar) Institutional Preferred (cost $2,438,000) | 2,413,335 |
Shares | Description (1) | Coupon | Cap Price | Maturity | Value | |
STRUCTURED NOTES – 0.7% | ||||||
6,650 | Merrill Lynch International & Co. C.V., Mandatory Exchangeable Note, Linked to Common Stock of Broadcom Inc. (Cap 113.00% of Issue Price of $209.2547), 144A | 10.000% | $236.4578 | 1/23/19 | $1,558,029 | |
Total Structured Notes (cost $1,378,545) | 1,558,029 |
Shares | Description (1) | Coupon | Ratings (5) | Value | ||
$25 PAR (OR SIMILAR) RETAIL PREFERRED – 0.1% | ||||||
Insurance – 0.1% | ||||||
7,020 | National General Holdings Corp | 7.625% | N/R | $158,652 | ||
Total $25 Par (or similar) Retail Preferred (cost $166,718) | 158,652 | |||||
Total Long-Term Investments (cost $211,329,044) | 203,166,117 | |||||
Other Assets Less Liabilities – (0.3)% | (696,804) | |||||
Net Assets – 100% | $202,469,313 |
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) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(4) | 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. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(5) | 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. | |
(6) | Perpetual security. Maturity date is not applicable. | |
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. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.8% | ||||||
COMMON STOCKS – 98.8% | ||||||
Aerospace & Defense – 1.5% | ||||||
30,632 | Thales SA, (2) | $3,579,567 | ||||
Air Freight & Logistics – 1.3% | ||||||
113,450 | Deutsche Post AG, (2) | 3,098,230 | ||||
Automobiles – 3.7% | ||||||
37,986 | Hyundai Motor Co, (2) | 2,391,087 | ||||
52,808 | Toyota Motor Corp, Sponsored ADR | 6,129,952 | ||||
Total Automobiles | 8,521,039 | |||||
Banks – 14.6% | ||||||
945,800 | AIB Group PLC, (2) | 3,988,163 | ||||
658,387 | Bank of Ireland Group PLC | 3,675,183 | ||||
605,788 | ING Groep NV, (2) | 6,516,212 | ||||
372,600 | Oversea-Chinese Banking Corp Ltd, (2) | 3,081,993 | ||||
2,133,355 | Royal Bank of Scotland Group PLC, (2) | 5,918,045 | ||||
139,200 | Sumitomo Mitsui Trust Holdings Inc, (2) | 5,069,241 | ||||
4,208,297 | Unicaja Banco SA, 144A, (2), (3) | 5,553,191 | ||||
Total Banks | 33,802,028 | |||||
Capital Markets – 3.7% | ||||||
92,645 | Aurelius AG, (2) | 3,368,502 | ||||
413,731 | UBS Group AG | 5,121,990 | ||||
Total Capital Markets | 8,490,492 | |||||
Chemicals – 1.9% | ||||||
54,743 | Koninklijke DSM NV, (2) | 4,441,063 | ||||
Commercial Services & Supplies – 4.0% | ||||||
177,600 | Dai Nippon Printing Co Ltd, (2) | 3,707,241 | ||||
197,794 | ISS A/S, (2) | 5,537,596 | ||||
Total Commercial Services & Supplies | 9,244,837 | |||||
Diversified Financial Services – 1.5% | ||||||
41,003 | Groupe Bruxelles Lambert SA, (2) | 3,573,107 | ||||
Diversified Telecommunication Services – 5.4% | ||||||
191,072 | Nippon Telegraph & Telephone Corporation, ADR, (2) | 7,765,166 | ||||
244,178 | Telenor ASA, (2) | 4,742,009 | ||||
Total Diversified Telecommunication Services | 12,507,175 |
Shares | Description (1) | Value | ||||
Electrical Equipment – 1.9% | ||||||
145,900 | Mabuchi Motor Co Ltd, (2) | $4,469,343 | ||||
Electronic Equipment, Instruments & Components – 1.5% | ||||||
467,326 | Flex Ltd, (3) | 3,556,351 | ||||
Energy Equipment & Services – 1.9% | ||||||
402,875 | Tenaris SA, (2) | 4,330,012 | ||||
Food & Staples Retailing – 6.0% | ||||||
309,416 | Carrefour SA, (2) | 5,286,966 | ||||
90,200 | Seven & i Holdings Co Ltd, (2) | 3,919,651 | ||||
1,906,184 | Tesco PLC, (2) | 4,622,802 | ||||
Total Food & Staples Retailing | 13,829,419 | |||||
Household Durables – 2.8% | ||||||
303,800 | Panasonic Corp, (2) | 2,729,163 | ||||
249,900 | Sekisui House Ltd, (2) | 3,669,801 | ||||
Total Household Durables | 6,398,964 | |||||
Industrial Conglomerates – 2.5% | ||||||
50,995 | Siemens AG, (2) | 5,691,121 | ||||
Insurance – 9.5% | ||||||
126,663 | Ageas, (2) | 5,701,814 | ||||
20,709 | Allianz SE, (2) | 4,161,580 | ||||
122,637 | Axis Capital Holdings Ltd | 6,332,975 | ||||
208,600 | MS&AD Insurance Group Holdings Inc, (2) | 5,929,515 | ||||
Total Insurance | 22,125,884 | |||||
Media – 2.0% | ||||||
82,817 | Publicis Groupe SA, (2) | 4,725,258 | ||||
Oil, Gas & Consumable Fuels – 4.6% | ||||||
192,115 | Canadian Natural Resources Ltd | 4,635,735 | ||||
99,392 | Royal Dutch Shell PLC, Class B Shares, Sponsored ADR | 5,957,556 | ||||
Total Oil, Gas & Consumable Fuels | 10,593,291 | |||||
Pharmaceuticals – 7.8% | ||||||
65,790 | Bayer AG, (2) | 4,575,613 | ||||
190,316 | GlaxoSmithKline PLC, (2) | 3,627,045 | ||||
12,224 | Roche Holding AG, (2) | 3,034,716 | ||||
80,246 | Sanofi, SA, (2) | 6,961,327 | ||||
Total Pharmaceuticals | 18,198,701 | |||||
Professional Services – 3.6% | ||||||
82,560 | Adecco Group AG, (2) | 3,880,517 | ||||
75,352 | Wolters Kluwer NV, (2) | 4,431,239 | ||||
Total Professional Services | 8,311,756 |
Shares | Description (1) | Value | ||||
Real Estate Management & Development – 1.8% | ||||||
684,500 | City Developments Ltd, (2) | $4,080,791 | ||||
Semiconductors & Semiconductor Equipment – 2.6% | ||||||
260,000 | MediaTek Inc, (2) | 1,935,050 | ||||
64,700 | Rohm Co Ltd, (2) | 4,129,475 | ||||
Total Semiconductors & Semiconductor Equipment | 6,064,525 | |||||
Software – 1.5% | ||||||
34,313 | SAP SE, (2) | 3,405,552 | ||||
Specialty Retail – 1.4% | ||||||
1,216,609 | Kingfisher PLC, (2) | 3,198,818 | ||||
Technology Hardware, Storage & Peripherals – 3.3% | ||||||
94,500 | FUJIFILM Holdings Corp, (2) | 3,663,245 | ||||
141,400 | Samsung Electronics Co Ltd, (2) | 4,040,316 | ||||
Total Technology Hardware, Storage & Peripherals | 7,703,561 | |||||
Textiles, Apparel & Luxury Goods – 1.6% | ||||||
146,600 | Wacoal Holdings Corp, (2) | 3,794,054 | ||||
Tobacco – 1.9% | ||||||
372,125 | Scandinavian Tobacco Group A/S, (2) | 4,484,661 | ||||
Wireless Telecommunication Services – 3.0% | ||||||
256,573 | SK Telecom Co Ltd, Sponsored ADR | 6,876,156 | ||||
Total Long-Term Investments (cost $212,957,664) | 229,095,756 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.8% | ||||||
REPURCHASE AGREEMENTS – 0.8% | ||||||
$1,961 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/18, repurchase price $1,961,180, collateralized by 1,150,000, U.S. Treasury Bonds, 3.375%, due 5/15/44, value $1,224,798; $305,000, U.S. Treasury Bonds, 0.750%, due 2/15/45, value $293,194; $485,000 U.S. Treasury Bonds, 3.000%, due 5/15/45, value $483,831 | 1.200% | 1/02/19 | $1,961,049 | ||
Total Short-Term Investments (cost $1,961,049) | 1,961,049 | |||||
Total Investments (cost $214,918,713) – 99.6% | 231,056,805 | |||||
Other Assets Less Liabilities – 0.4% | 832,338 | |||||
Net Assets – 100% | $231,889,143 |
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) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
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. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.2% | ||||||
COMMON STOCKS – 97.2% | ||||||
Airlines – 2.6% | ||||||
37,955 | Delta Air Lines Inc | $1,893,954 | ||||
Auto Components – 1.0% | ||||||
22,000 | BorgWarner Inc | 764,280 | ||||
Automobiles – 3.2% | ||||||
70,725 | General Motors Co | 2,365,751 | ||||
Banks – 6.5% | ||||||
39,050 | Bank of NT Butterfield & Son Ltd/The | 1,224,218 | ||||
68,600 | CIT Group Inc | 2,625,322 | ||||
23,360 | Western Alliance Bancorp, (2) | 922,486 | ||||
Total Banks | 4,772,026 | |||||
Biotechnology – 1.5% | ||||||
17,000 | Gilead Sciences Inc | 1,063,350 | ||||
Capital Markets – 1.5% | ||||||
74,578 | B. Riley Financial Inc | 1,059,008 | ||||
Chemicals – 1.6% | ||||||
18,500 | Innospec Inc | 1,142,560 | ||||
Communications Equipment – 1.7% | ||||||
21,520 | ViaSat Inc, (2) | 1,268,604 | ||||
Construction & Engineering – 2.4% | ||||||
22,111 | Arcosa Inc | 612,254 | ||||
37,750 | Quanta Services Inc | 1,136,275 | ||||
Total Construction & Engineering | 1,748,529 | |||||
Consumer Finance – 3.8% | ||||||
28,650 | Discover Financial Services | 1,689,777 | ||||
45,000 | Synchrony Financial | 1,055,700 | ||||
Total Consumer Finance | 2,745,477 | |||||
Diversified Financial Services – 8.5% | ||||||
45,000 | Bank of America Corp | 1,108,800 | ||||
52,500 | Citigroup Inc | 2,733,150 | ||||
24,500 | JPMorgan Chase & Co | 2,391,690 | ||||
Total Diversified Financial Services | 6,233,640 |
Shares | Description (1) | Value | ||||
Electric Utilities – 3.2% | ||||||
63,000 | FirstEnergy Corp | $2,365,650 | ||||
Electronic Equipment, Instruments & Components – 1.0% | ||||||
7,000 | Coherent Inc, (2) | 739,970 | ||||
Energy Equipment & Services – 1.8% | ||||||
12,000 | Chevron Corp | 1,305,480 | ||||
Entertainment – 1.6% | ||||||
46,000 | Viacom Inc | 1,182,200 | ||||
Equity Real Estate Investment Trust – 2.6% | ||||||
310,700 | Colony Capital Inc | 1,454,076 | ||||
67,732 | MedEquities Realty Trust Inc | 463,287 | ||||
Total Equity Real Estate Investment Trust | 1,917,363 | |||||
Health Care Equipment & Supplies – 0.9% | ||||||
7,300 | LivaNova PLC, (2) | 667,731 | ||||
Insurance – 8.6% | ||||||
8,800 | Aon PLC | 1,279,168 | ||||
33,400 | Loews Corp | 1,520,368 | ||||
15,313 | RenaissanceRe Holdings Ltd | 2,047,348 | ||||
48,210 | Unum Group | 1,416,410 | ||||
Total Insurance | 6,263,294 | |||||
IT Services – 2.6% | ||||||
114,000 | First Data Corp, (2) | 1,927,740 | ||||
Life Sciences Tools & Services – 2.6% | ||||||
8,300 | Bio-Rad Laboratories Inc, (2) | 1,927,426 | ||||
Machinery – 5.0% | ||||||
15,000 | Ingersoll-Rand PLC | 1,368,450 | ||||
34,000 | Terex Corp | 937,380 | ||||
66,335 | Trinity Industries Inc | 1,365,838 | ||||
Total Machinery | 3,671,668 | |||||
Media – 1.3% | ||||||
21,810 | CBS Corp | 953,533 | ||||
Oil, Gas & Consumable Fuels – 12.3% | ||||||
88,500 | Carrizo Oil & Gas Inc, (2) | 999,165 | ||||
23,000 | Cheniere Energy Inc, (2) | 1,361,370 | ||||
83,243 | EQT Corp | 1,572,460 | ||||
78,603 | Equitrans Midstream Corp, (2) | 1,573,632 | ||||
43,482 | Hess Corp | 1,761,021 | ||||
46,200 | Parsley Energy Inc, (2) | 738,276 |
Shares | Description (1) | Value | ||||
Oil, Gas & Consumable Fuels (continued) | ||||||
37,000 | Suncor Energy Inc | $1,034,890 | ||||
Total Oil, Gas & Consumable Fuels | 9,040,814 | |||||
Pharmaceuticals – 4.5% | ||||||
12,750 | Allergan PLC | 1,704,165 | ||||
42,400 | GlaxoSmithKline PLC, Sponsored ADR | 1,620,104 | ||||
Total Pharmaceuticals | 3,324,269 | |||||
Semiconductors & Semiconductor Equipment – 4.8% | ||||||
70,000 | Cypress Semiconductor Corp | 890,400 | ||||
17,310 | Mellanox Technologies Limited, (2) | 1,599,098 | ||||
32,500 | Teradyne Inc | 1,019,850 | ||||
Total Semiconductors & Semiconductor Equipment | 3,509,348 | |||||
Software – 3.4% | ||||||
54,475 | Oracle Corp | 2,459,546 | ||||
Specialty Retail – 5.3% | ||||||
6,263 | Advance Auto Parts Inc | 986,172 | ||||
35,831 | Foot Locker Inc | 1,906,209 | ||||
188,400 | Kingfisher PLC, Sponsored ADR, (3) | 983,448 | ||||
Total Specialty Retail | 3,875,829 | |||||
Tobacco – 1.4% | ||||||
15,597 | Philip Morris International Inc | 1,041,256 | ||||
Total Long-Term Investments (cost $90,018,161) | 71,230,296 |
Principal Amount (000) | Description | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.8% | ||||||
REPURCHASE AGREEMENTS – 2.8% | ||||||
$2,036 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/18, repurchase price $2,036,604, collateralized by $1,955,000 U.S. Treasury Bonds, 3.375%, due 5/15/44, value $2,082,157 | 1.200% | 1/02/19 | $2,036,468 | ||
Total Short-Term Investments (cost $2,036,468) | 2,036,468 | |||||
Total Investments (cost $92,054,629) – 100.0% | 73,266,764 | |||||
Other Assets Less Liabilities – (0.0)% | (4,137) | |||||
Net Assets – 100% | $73,262,627 |
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) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.7% | ||||||
COMMON STOCKS – 97.7% | ||||||
Aerospace & Defense – 1.8% | ||||||
5,049 | Raytheon Co | $774,264 | ||||
Airlines – 2.6% | ||||||
22,538 | Delta Air Lines Inc | 1,124,646 | ||||
Auto Components – 1.3% | ||||||
16,009 | BorgWarner Inc | 556,153 | ||||
Automobiles – 3.2% | ||||||
41,577 | General Motors Co | 1,390,751 | ||||
Banks – 7.0% | ||||||
40,826 | CIT Group Inc | 1,562,411 | ||||
60,166 | ING Groep NV | 641,370 | ||||
17,532 | Wells Fargo & Co | 807,874 | ||||
Total Banks | 3,011,655 | |||||
Beverages – 2.6% | ||||||
23,783 | Coca-Cola Company | 1,126,125 | ||||
Capital Markets – 1.6% | ||||||
11,200 | State Street Corp | 706,384 | ||||
Chemicals – 2.2% | ||||||
17,551 | DowDuPont Inc | 938,627 | ||||
Communications Equipment – 1.1% | ||||||
8,450 | ViaSat Inc, (2) | 498,127 | ||||
Consumer Finance – 5.0% | ||||||
18,300 | Discover Financial Services | 1,079,334 | ||||
45,424 | Synchrony Financial | 1,065,647 | ||||
Total Consumer Finance | 2,144,981 | |||||
Diversified Financial Services – 8.9% | ||||||
31,000 | Bank of America Corp | 763,840 | ||||
30,863 | Citigroup Inc | 1,606,728 | ||||
15,259 | JPMorgan Chase & Co | 1,489,583 | ||||
Total Diversified Financial Services | 3,860,151 | |||||
Diversified Telecommunication Services – 1.8% | ||||||
12,618 | Occidental Petroleum Corp | 774,493 |
Shares | Description (1) | Value | ||||
Electric Utilities – 3.4% | ||||||
38,732 | FirstEnergy Corp | $1,454,387 | ||||
Electronic Equipment, Instruments & Components – 0.9% | ||||||
3,650 | Coherent Inc | 385,842 | ||||
Energy Equipment & Services – 1.9% | ||||||
7,554 | Chevron Corp | 821,800 | ||||
Entertainment – 1.6% | ||||||
26,208 | Viacom Inc | 673,546 | ||||
Equity Real Estate Investment Trust – 1.8% | ||||||
163,623 | Colony Capital Inc | 765,756 | ||||
Insurance – 7.8% | ||||||
20,000 | American International Group Inc | 788,200 | ||||
5,216 | Aon PLC | 758,198 | ||||
21,342 | Loews Corp | 971,488 | ||||
28,459 | Unum Group | 836,125 | ||||
Total Insurance | 3,354,011 | |||||
Interactive Media & Services – 2.5% | ||||||
1,025 | Alphabet Inc, (2) | 1,071,084 | ||||
IT Services – 3.1% | ||||||
79,742 | First Data Corp, (2) | 1,348,437 | ||||
Life Sciences Tools & Services – 1.0% | ||||||
1,934 | Bio-Rad Laboratories Inc | 449,113 | ||||
Machinery – 4.5% | ||||||
9,396 | Ingersoll-Rand PLC | 857,197 | ||||
52,100 | Trinity Industries Inc | 1,072,739 | ||||
Total Machinery | 1,929,936 | |||||
Media – 1.3% | ||||||
12,862 | CBS Corp | 562,327 | ||||
Oil, Gas & Consumable Fuels – 12.2% | ||||||
13,856 | Cheniere Energy Inc, (2) | 820,137 | ||||
4,003 | Concho Resources Inc, (2) | 411,468 | ||||
51,642 | EQT Corp | 975,517 | ||||
47,624 | Equitrans Midstream Corp | 953,432 | ||||
26,256 | Hess Corp | 1,063,368 | ||||
36,879 | Suncor Energy Inc | 1,031,506 | ||||
Total Oil, Gas & Consumable Fuels | 5,255,428 |
Shares | Description (1) | Value | ||||
Pharmaceuticals – 4.3% | ||||||
8,073 | Allergan PLC | $1,079,037 | ||||
20,898 | GlaxoSmithKline PLC, Sponsored ADR | 798,513 | ||||
Total Pharmaceuticals | 1,877,550 | |||||
Semiconductors & Semiconductor Equipment – 2.4% | ||||||
38,030 | Cypress Semiconductor Corp | 483,741 | ||||
17,147 | Teradyne Inc | 538,073 | ||||
Total Semiconductors & Semiconductor Equipment | 1,021,814 | |||||
Software – 3.3% | ||||||
31,164 | Oracle Corp | 1,407,055 | ||||
Specialty Retail – 5.2% | ||||||
3,589 | Advance Auto Parts Inc | 565,124 | ||||
20,536 | Foot Locker Inc | 1,092,515 | ||||
115,750 | Kingfisher PLC, Sponsored ADR, (3) | 604,215 | ||||
Total Specialty Retail | 2,261,854 | |||||
Tobacco – 1.4% | ||||||
9,001 | Philip Morris International Inc | 600,907 | ||||
Total Long-Term Investments (cost $37,033,794) | 42,147,204 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.6% | ||||||
REPURCHASE AGREEMENTS – 0.6% | ||||||
$267 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/18, repurchase price $267,189, collateralized by $260,000 U.S. Treasury Bonds, 3.375%, due 5/15/44, value $276,911 | 1.200% | 1/02/19 | $267,171 | ||
Total Short-Term Investments (cost $267,171) | 267,171 | |||||
Total Investments (cost $37,300,965) – 98.3% | 42,414,375 | |||||
Other Assets Less Liabilities – 1.7% | 719,302 | |||||
Net Assets – 100% | $43,133,677 |
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) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
(3) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 2 - Investment Valuation and Fair Value Measurements for more information. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 96.2% | ||||||
COMMON STOCKS – 96.2% | ||||||
Aerospace & Defense – 1.5% | ||||||
9,745 | Astronics Corp, (2) | $296,735 | ||||
Auto Components – 2.5% | ||||||
14,295 | BorgWarner Inc | 496,608 | ||||
Banks – 17.4% | ||||||
18,840 | Ameris Bancorp | 596,663 | ||||
16,915 | Bank of NT Butterfield & Son Ltd/The | 530,285 | ||||
13,435 | CIT Group Inc | 514,157 | ||||
48,461 | First Horizon National Corp | 637,747 | ||||
6,570 | PacWest Bancorp | 218,650 | ||||
6,200 | Texas Capital Bancshares Inc, (2) | 316,758 | ||||
15,115 | Western Alliance Bancorp, (2) | 596,891 | ||||
Total Banks | 3,411,151 | |||||
Building Products – 1.5% | ||||||
9,850 | Apogee Enterprises Inc | 294,023 | ||||
Chemicals – 2.1% | ||||||
6,794 | Innospec Inc | 419,597 | ||||
Communications Equipment – 1.5% | ||||||
5,040 | ViaSat Inc, (2) | 297,108 | ||||
Construction & Engineering – 4.2% | ||||||
5,715 | Jacobs Engineering Group Inc | 334,099 | ||||
16,200 | Quanta Services Inc | 487,620 | ||||
Total Construction & Engineering | 821,719 | |||||
Containers & Packaging – 3.0% | ||||||
12,600 | Bemis Co Inc | 578,340 | ||||
Electrical Equipment – 2.5% | ||||||
6,370 | EnerSys | 494,376 | ||||
Electronic Equipment, Instruments & Components – 2.2% | ||||||
4,167 | Coherent Inc, (2) | 440,494 | ||||
Equity Real Estate Investment Trust – 4.8% | ||||||
24,135 | Brandywine Realty Trust | 310,617 | ||||
1,907 | PotlatchDeltic Corp | 60,338 |
Shares | Description (1) | Value | ||||
Equity Real Estate Investment Trust (continued) | ||||||
47,440 | RPT Realty | $566,908 | ||||
Total Equity Real Estate Investment Trust | 937,863 | |||||
Health Care Equipment & Supplies – 1.5% | ||||||
3,280 | LivaNova PLC, (2) | 300,022 | ||||
Household Durables – 5.0% | ||||||
32,310 | Taylor Morrison Home Corp, (2) | 513,729 | ||||
42,595 | TRI Pointe Group Inc, (2) | 465,563 | ||||
Total Household Durables | 979,292 | |||||
Insurance – 8.0% | ||||||
13,760 | Axis Capital Holdings Ltd | 710,566 | ||||
2,130 | Reinsurance Group of America Inc | 298,690 | ||||
4,230 | RenaissanceRe Holdings Ltd | 565,551 | ||||
Total Insurance | 1,574,807 | |||||
IT Services – 1.1% | ||||||
2,115 | Euronet Worldwide Inc, (2) | 216,534 | ||||
Life Sciences Tools & Services – 3.0% | ||||||
2,530 | Bio-Rad Laboratories Inc, (2) | 587,517 | ||||
Machinery – 2.8% | ||||||
5,420 | Albany International Corp | 338,371 | ||||
1,450 | Snap-on Inc | 210,670 | ||||
Total Machinery | 549,041 | |||||
Metals & Mining – 3.0% | ||||||
2,180 | Materion Corp | 98,078 | ||||
6,835 | Reliance Steel & Aluminum Co | 486,447 | ||||
Total Metals & Mining | 584,525 | |||||
Oil, Gas & Consumable Fuels – 9.8% | ||||||
40,760 | Carrizo Oil & Gas Inc, (2) | 460,180 | ||||
24,610 | EQT Corp | 464,883 | ||||
19,988 | Equitrans Midstream Corp, (2) | 400,160 | ||||
12,400 | Parsley Energy Inc, (2) | 198,152 | ||||
13,175 | PDC Energy Inc, (2) | 392,088 | ||||
Total Oil, Gas & Consumable Fuels | 1,915,463 | |||||
Paper & Forest Products – 2.7% | ||||||
5,765 | Boise Cascade Co | 137,495 | ||||
40,175 | P.H. Glatfelter Co | 392,108 | ||||
Total Paper & Forest Products | 529,603 | |||||
Road & Rail – 2.1% | ||||||
16,400 | Knight-Swift Transportation Holdings Inc | 411,148 |
Shares | Description (1) | Value | ||||
Semiconductors & Semiconductor Equipment – 7.5% | ||||||
18,530 | Cypress Semiconductor Corp | $235,702 | ||||
15,730 | Lattice Semiconductor Corp, (2) | 108,852 | ||||
6,730 | Mellanox Technologies Limited, (2) | 621,717 | ||||
3,225 | Qorvo Inc, (2) | 195,854 | ||||
9,875 | Teradyne Inc | 309,877 | ||||
Total Semiconductors & Semiconductor Equipment | 1,472,002 | |||||
Specialty Retail – 5.0% | ||||||
8,395 | Foot Locker Inc | 446,614 | ||||
27,960 | Haverty Furniture Cos Inc | 525,089 | ||||
Total Specialty Retail | 971,703 | |||||
Trading Companies & Distributors – 1.5% | ||||||
19,520 | BMC Stock Holdings Inc, (2) | 302,170 | ||||
Total Long-Term Investments (cost $17,916,098) | 18,881,841 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 31.1% | ||||||
REPURCHASE AGREEMENTS – 31.1% | ||||||
$6,114 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/18, repurchase price $6,114,461, collateralized by $5,860,000 U.S. Treasury Bonds, 3.375%, due 5/15/44, value $6,241,146 | 1.200% | 1/02/19 | $6,114,053 | ||
Total Short-Term Investments (cost $6,114,053) | 6,114,053 | |||||
Total Investments (cost $24,030,151) – 127.3% | 24,995,894 | |||||
Other Assets Less Liabilities – (27.3)% | (5,363,226) | |||||
Net Assets – 100% | $19,632,668 |
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) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.5% | ||||||
COMMON STOCKS – 97.5% | ||||||
Aerospace & Defense – 1.6% | ||||||
287,563 | Astronics Corp, (2) | $8,756,293 | ||||
Auto Components – 1.7% | ||||||
372,549 | Stoneridge Inc, (2) | 9,183,333 | ||||
Banks – 17.5% | ||||||
548,535 | Ameris Bancorp | 17,372,103 | ||||
513,034 | Bank of NT Butterfield & Son Ltd/The | 16,083,616 | ||||
415,500 | BankUnited Inc | 12,440,070 | ||||
1,018,356 | First Horizon National Corp | 13,401,565 | ||||
272,575 | PacWest Bancorp | 9,071,296 | ||||
139,450 | Texas Capital Bancshares Inc, (2) | 7,124,501 | ||||
502,590 | Western Alliance Bancorp, (2) | 19,847,279 | ||||
Total Banks | 95,340,430 | |||||
Building Products – 1.3% | ||||||
242,365 | Apogee Enterprises Inc | 7,234,595 | ||||
Capital Markets – 0.4% | ||||||
165,865 | B. Riley Financial Inc | 2,355,283 | ||||
Commercial Services & Supplies – 1.2% | ||||||
180,100 | HNI Corp | 6,380,943 | ||||
Construction & Engineering – 2.7% | ||||||
481,535 | Quanta Services Inc | 14,494,204 | ||||
Containers & Packaging – 3.1% | ||||||
365,000 | Bemis Co Inc | 16,753,500 | ||||
Electrical Equipment – 2.7% | ||||||
191,535 | EnerSys | 14,865,031 | ||||
Electronic Equipment, Instruments & Components – 3.6% | ||||||
112,774 | Coherent Inc, (2) | 11,921,339 | ||||
338,247 | Methode Electronics Inc | 7,877,773 | ||||
Total Electronic Equipment, Instruments & Components | 19,799,112 | |||||
Equity Real Estate Investment Trust – 4.9% | ||||||
712,170 | Brandywine Realty Trust | 9,165,628 | ||||
54,125 | PotlatchDeltic Corp | 1,712,515 |
Shares | Description (1) | Value | ||||
Equity Real Estate Investment Trust (continued) | ||||||
1,338,725 | RPT Realty | $15,997,764 | ||||
Total Equity Real Estate Investment Trust | 26,875,907 | |||||
Food Products – 3.2% | ||||||
1,457,329 | Landec Corp, (2) | 17,254,775 | ||||
Health Care Equipment & Supplies – 1.7% | ||||||
100,405 | LivaNova PLC, (2) | 9,184,045 | ||||
Household Durables – 8.3% | ||||||
570,772 | Hooker Furniture Corp | 15,034,134 | ||||
998,390 | Taylor Morrison Home Corp, (2) | 15,874,401 | ||||
1,284,675 | TRI Pointe Group Inc, (2) | 14,041,498 | ||||
Total Household Durables | 44,950,033 | |||||
Insurance – 7.3% | ||||||
478,565 | Aspen Insurance Holdings Ltd | 20,094,944 | ||||
144,915 | RenaissanceRe Holdings Ltd | 19,375,136 | ||||
Total Insurance | 39,470,080 | |||||
IT Services – 1.2% | ||||||
63,636 | Euronet Worldwide Inc, (2) | 6,515,054 | ||||
Machinery – 3.5% | ||||||
120,240 | Alamo Group Inc | 9,296,957 | ||||
158,563 | Albany International Corp | 9,899,088 | ||||
Total Machinery | 19,196,045 | |||||
Metals & Mining – 2.2% | ||||||
102,155 | Kaiser Aluminum Corp | 9,121,420 | ||||
68,691 | Materion Corp | 3,090,408 | ||||
Total Metals & Mining | 12,211,828 | |||||
Oil, Gas & Consumable Fuels – 6.9% | ||||||
1,192,070 | Carrizo Oil & Gas Inc, (2) | 13,458,471 | ||||
1,103,710 | Centennial Resource Development Inc/DE, (2) | 12,162,884 | ||||
402,920 | PDC Energy Inc, (2) | 11,990,899 | ||||
Total Oil, Gas & Consumable Fuels | 37,612,254 | |||||
Paper & Forest Products – 4.8% | ||||||
166,744 | Boise Cascade Co | 3,976,844 | ||||
179,115 | Louisiana-Pacific Corp | 3,979,935 | ||||
115,889 | Neenah Inc | 6,828,180 | ||||
1,178,344 | P.H. Glatfelter Co | 11,500,638 | ||||
Total Paper & Forest Products | 26,285,597 | |||||
Professional Services – 1.0% | ||||||
448,374 | GP Strategies Corp, (2) | 5,653,996 |
Shares | Description (1) | Value | ||||
Road & Rail – 2.3% | ||||||
494,285 | Knight-Swift Transportation Holdings Inc | $12,391,725 | ||||
Semiconductors & Semiconductor Equipment – 9.4% | ||||||
462,130 | Entegris Inc | 12,891,116 | ||||
313,460 | Integrated Device Technology Inc, (2) | 15,180,868 | ||||
585,816 | Lattice Semiconductor Corp, (2) | 4,053,847 | ||||
203,075 | Mellanox Technologies Limited, (2) | 18,760,068 | ||||
Total Semiconductors & Semiconductor Equipment | 50,885,899 | |||||
Thrifts & Mortgage Finance – 2.9% | ||||||
735,889 | HomeStreet Inc | 15,622,924 | ||||
Trading Companies & Distributors – 2.1% | ||||||
734,625 | BMC Stock Holdings Inc, (2) | 11,371,995 | ||||
Total Long-Term Investments (cost $534,006,699) | 530,644,881 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 3.2% | ||||||
REPURCHASE AGREEMENTS – 3.2% | ||||||
$17,312 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/18, repurchase price $17,312,988, collateralized by $16,580,000 U.S. Treasury Notes, 3.375%, due 5/15/44, value $17,658,396 | 1.200% | 1/02/19 | $17,311,834 | ||
Total Short-Term Investments (cost $17,311,834) | 17,311,834 | |||||
Total Investments (cost $551,318,533) – 100.7% | 547,956,715 | |||||
Other Assets Less Liabilities – (0.7)% | (3,571,560) | |||||
Net Assets – 100% | $544,385,155 |
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) | Non-income producing; issuer has not declared a dividend within the past twelve months. |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Assets | ||||||
Long-term investments, at value (cost $211,329,044, $212,957,664, $90,018,161, $37,033,794, $17,916,098 and $534,006,699, respectively) | $203,166,117 | $229,095,756 | $71,230,296 | $42,147,204 | $18,881,841 | $530,644,881 |
Short-term investments, at value (cost approximates value) | — | 1,961,049 | 2,036,468 | 267,171 | 6,114,053 | 17,311,834 |
Cash | 321,374 | — | 7,950 | 5,269 | — | — |
Cash denominated in foreign currencies (cost $62,179, $—, $—, $—, $—and $—, respectively) | 62,409 | — | — | — | — | — |
Receivable for: | ||||||
Dividends | 402,575 | 235,547 | 101,064 | 70,183 | 32,281 | 519,378 |
Interest | 8,040 | 65 | 68 | 9 | 204 | 577 |
Investments sold | 520,272 | — | — | — | — | — |
Reclaims | 615,113 | 529,941 | 7,834 | 18,827 | — | — |
Shares sold | 167,334 | 1,541,655 | 23,977 | 825,358 | 122,511 | 6,130,899 |
Other assets | 253,484 | 149,456 | 104,973 | 68,873 | 36,698 | 74,843 |
Total assets | 205,516,718 | 233,513,469 | 73,512,630 | 43,402,894 | 25,187,588 | 554,682,412 |
Liabilities | ||||||
Payable for: | ||||||
Dividends | 154 | — | — | — | — | — |
Investments purchased | — | — | — | — | — | 1,958,608 |
Shares redeemed | 2,443,188 | 1,126,811 | 68,036 | 172,830 | 5,507,581 | 7,469,845 |
Accrued expenses: | ||||||
Management fees | 131,089 | 101,488 | 34,454 | 7,538 | 458 | 402,436 |
Shareholder reporting expenses | 47,726 | 76,000 | 20,067 | 17,723 | 12,847 | 79,829 |
Shareholder servicing agent fees | 73,895 | 136,086 | 24,881 | 12,734 | 13,604 | 255,570 |
Trustees fees | 222,331 | 109,242 | 72,335 | 36,702 | 240 | 30,794 |
12b-1 distribution and service fees | 59,480 | 9,178 | 10,963 | 3,526 | 2,659 | 31,716 |
Other | 69,542 | 65,521 | 19,267 | 18,164 | 17,531 | 68,459 |
Total liabilities | 3,047,405 | 1,624,326 | 250,003 | 269,217 | 5,554,920 | 10,297,257 |
Net assets | $202,469,313 | $231,889,143 | $73,262,627 | $43,133,677 | $19,632,668 | $544,385,155 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Class A Shares | ||||||
Net assets | $99,229,942 | $22,481,145 | $37,338,907 | $4,039,015 | $2,993,174 | $63,722,223 |
Shares outstanding | 4,215,828 | 1,065,433 | 1,407,533 | 944,215 | 153,964 | 1,710,133 |
Net asset value ("NAV") per share | $23.54 | $21.10 | $26.53 | $4.28 | $19.44 | $37.26 |
Offering price per share (NAV per share plus maximum sales charge of 5.75% of offering price) | $24.98 | $22.39 | $28.15 | $4.54 | $20.63 | $39.53 |
Class C Shares | ||||||
Net assets | $40,485,528 | $3,968,174 | $2,901,208 | $2,958,661 | $1,933,639 | $13,733,404 |
Shares outstanding | 1,723,629 | 196,750 | 116,671 | 813,868 | 114,387 | 415,308 |
NAV and offering price per share | $23.49 | $20.17 | $24.87 | $3.64 | $16.90 | $33.07 |
Class R3 Shares | ||||||
Net assets | $966,433 | $1,200,453 | $54,367 | $65,319 | $488,762 | $5,670,211 |
Shares outstanding | 41,133 | 56,407 | 2,075 | 15,483 | 26,324 | 155,266 |
NAV and offering price per share | $23.50 | $21.28 | $26.20 | $4.22 | $18.57 | $36.52 |
Class R6 Shares | ||||||
Net assets | $ — | $ — | $ — | $ — | $7,248,520 | $8,924,849 |
Shares outstanding | — | — | — | — | 363,010 | 229,508 |
NAV and offering price per share | $ — | $ — | $ — | $ — | $19.97 | $38.89 |
Class I Shares | ||||||
Net assets | $61,787,410 | $204,239,371 | $32,968,145 | $36,070,682 | $6,968,573 | $452,334,468 |
Shares outstanding | 2,624,527 | 9,646,591 | 1,233,638 | 8,402,482 | 351,095 | 11,753,950 |
NAV and offering price per share | $23.54 | $21.17 | $26.72 | $4.29 | $19.85 | $38.48 |
Fund level net assets consist of: | ||||||
Capital paid-in | $452,284,117 | $439,367,068 | $94,302,520 | $35,203,534 | $22,745,703 | $552,738,670 |
Total distributable earnings | (249,814,804) | (207,477,925) | (21,039,893) | 7,930,143 | (3,113,035) | (8,353,515) |
Fund level net assets | $202,469,313 | $231,889,143 | $73,262,627 | $43,133,677 | $19,632,668 | $544,385,155 |
Authorized shares - per class | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Par value per share | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Investment Income | ||||||
Dividends | $3,286,792 | $2,454,925 | $846,909 | $650,677 | $278,222 | $4,452,057 |
Interest | 94,944 | 16,838 | 7,519 | 7,500 | 8,195 | 226,835 |
Foreign tax withheld on dividend income | (131,240) | (244,176) | (3,036) | (5,761) | — | — |
Total investment income | 3,250,496 | 2,227,587 | 851,392 | 652,416 | 286,417 | 4,678,892 |
Expenses | ||||||
Management fees | 892,663 | 954,238 | 313,594 | 207,133 | 130,609 | 2,850,529 |
12b-1 service fees - Class A Shares | 152,028 | 34,980 | 55,201 | 5,583 | 5,371 | 96,977 |
12b-1 distibution and service fees - Class C Shares | 261,056 | 26,862 | 23,263 | 18,871 | 12,931 | 92,238 |
12b-1 distibution and service fees - Class R3 Shares | 2,987 | 3,322 | 154 | 191 | 1,644 | 37,596 |
Shareholder servicing agent fees | 134,901 | 292,923 | 48,684 | 25,575 | 24,946 | 465,204 |
Custodian fees | 45,902 | 69,369 | 14,487 | 12,779 | 14,340 | 46,884 |
Trustees fees | 4,029 | 4,357 | 1,419 | 1,064 | 586 | 11,849 |
Professional fees | 40,122 | 32,208 | 13,186 | 11,995 | 11,635 | 35,624 |
Shareholder reporting expenses | 34,787 | 65,654 | 15,443 | 13,301 | 8,975 | 68,849 |
Federal and state registration fees | 11,787 | 39,582 | 37,368 | 36,212 | 43,954 | 53,400 |
Other | 5,171 | 4,777 | 2,510 | 2,480 | 2,299 | 7,020 |
Total expenses before fee waiver/expense reimbursement | 1,585,433 | 1,528,272 | 525,309 | 335,184 | 257,290 | 3,766,170 |
Fee waiver/expense reimbursement | (77,413) | (239,869) | (49,019) | (74,961) | (63,637) | — |
Net expenses | 1,508,020 | 1,288,403 | 476,290 | 260,223 | 193,653 | 3,766,170 |
Net investment income (loss) | 1,742,476 | 939,184 | 375,102 | 392,193 | 92,764 | 912,722 |
Realized and Unrealized Gain (Loss) | ||||||
Net realized gain (loss) from: | ||||||
Investments and foreign currency | 3,475,945 | 674,283 | (1,932,751) | 3,858,153 | 249,373 | 13,038,231 |
Options written | — | — | — | 27,478 | — | — |
Change in net unrealized appreciation (depreciation) of: | ||||||
Investments and foreign currency | (32,466,209) | (43,722,056) | (13,115,966) | (12,632,527) | (7,842,338) | (189,873,992) |
Options written | — | — | — | (17,704) | — | — |
Net realized and unrealized gain (loss) | (28,990,264) | (43,047,773) | (15,048,717) | (8,764,600) | (7,592,965) | (176,835,761) |
Net increase (decrease) in net assets from operations | $(27,247,788) | $(42,108,589) | $(14,673,615) | $(8,372,407) | $(7,500,201) | $(175,923,039) |
NWQ Global Equity Income | NWQ International Value | ||||
Six Months Ended 12/31/18 | Year Ended(1) 6/30/18 | Six Months Ended 12/31/18 | Year Ended(1) 6/30/18 | ||
Operations | |||||
Net investment income (loss) | $1,742,476 | $8,748,890 | $939,184 | $5,044,496 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 3,475,945 | 8,457,329 | 674,283 | (2,688,404) | |
Options written | — | 58,088 | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (32,466,209) | (5,020,326) | (43,722,056) | 9,028,087 | |
Options written | — | — | — | — | |
Net increase (decrease) in net assets from operations | (27,247,788) | 12,243,981 | (42,108,589) | 11,384,179 | |
Distributions to Common Shareholders(2) | |||||
Dividends(3) | |||||
Class A Shares | (3,564,088) | (3,963,665) | (275,820) | (824,315) | |
Class C Shares | (1,275,536) | (1,629,081) | (14,488) | (253,732) | |
Class R3 Shares | (32,383) | (40,728) | (11,347) | (40,527) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (2,365,188) | (2,885,092) | (3,137,363) | (7,719,270) | |
Class T Shares(4) | (112) | (770) | — | — | |
Decrease in net assets from distributions to shareholders | (7,237,307) | (8,519,336) | (3,439,018) | (8,837,844) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 23,557,706 | 27,061,166 | 38,138,104 | 76,882,207 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 6,756,230 | 7,904,819 | 3,373,855 | 8,506,835 | |
30,313,936 | 34,965,985 | 41,511,959 | 85,389,042 | ||
Cost of shares redeemed | (63,717,685) | (96,250,842) | (53,229,946) | (95,166,449) | |
Net increase (decrease) in net assets from Fund share transactions | (33,403,749) | (61,284,857) | (11,717,987) | (9,777,407) | |
Net increase (decrease) in net assets | (67,888,844) | (57,560,212) | (57,265,594) | (7,231,072) | |
Net assets at the beginning of period | 270,358,157 | 327,918,369 | 289,154,737 | 296,385,809 | |
Net assets at the end of period | $202,469,313 | $270,358,157 | $231,889,143 | $289,154,737 |
(1) | Prior period amounts have been conformed to current year presentation. See Notes to Financial Statements, Note 10 - New Accounting Pronouncements for further details. |
(2) | The composition and per share amounts of the Fund's distributions are presented in the Financial Highlights. The distribution information for the Fund as of its most recent tax year end is presented within the Notes to Financial Statements, Note 6 - Income Tax Information. |
(3) | For the fiscal year ended June 30, 2018, NWQ International Value's and NWQ Multi-Cap Value's distributions to shareholders were paid from net investment income, while NWQ Small-Cap Value's distributions where paid from accumulated net realized gains and NWQ Global Equity Income's, NWQ Large-Cap Value's and NWQ Small/Mid-Cap Value's distributions to shareholders were paid from net investment income and accumulated net realized gains. |
(4) | Class T shares were not available for public offering. |
NWQ Multi-Cap Value | NWQ Large-Cap Value | ||||
Six Months Ended 12/31/18 | Year Ended(1) 6/30/18 | Six Months Ended 12/31/18 | Year Ended(1) 6/30/18 | ||
Operations | |||||
Net investment income (loss) | $375,102 | $(612,340) | $392,193 | $776,648 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (1,932,751) | 31,333,987 | 3,858,153 | 16,818,092 | |
Options written | — | — | 27,478 | 22,643 | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (13,115,966) | (20,869,293) | (12,632,527) | (10,674,614) | |
Options written | — | — | (17,704) | 17,704 | |
Net increase (decrease) in net assets from operations | (14,673,615) | 9,852,354 | (8,372,407) | 6,960,473 | |
Distributions to Common Shareholders(2) | |||||
Dividends(3) | |||||
Class A Shares | — | (553,040) | (917,058) | (1,366,362) | |
Class C Shares | — | (243,190) | (862,566) | (1,162,576) | |
Class R3 Shares | — | (1,803) | (16,678) | (17,693) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | — | (822,110) | (9,629,934) | (15,352,452) | |
Class T Shares(4) | — | — | — | — | |
Decrease in net assets from distributions to shareholders | — | (1,620,143) | (11,426,236) | (17,899,083) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 21,431,656 | 5,766,212 | 4,595,949 | 5,316,579 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | — | 1,473,387 | 11,206,327 | 17,591,205 | |
21,431,656 | 7,239,599 | 15,802,276 | 22,907,784 | ||
Cost of shares redeemed | (24,711,898) | (19,873,974) | (22,148,457) | (29,242,484) | |
Net increase (decrease) in net assets from Fund share transactions | (3,280,242) | (12,634,375) | (6,346,181) | (6,334,700) | |
Net increase (decrease) in net assets | (17,953,857) | (4,402,164) | (26,144,824) | (17,273,310) | |
Net assets at the beginning of period | 91,216,484 | 95,618,648 | 69,278,501 | 86,551,811 | |
Net assets at the end of period | $73,262,627 | $91,216,484 | $43,133,677 | $69,278,501 |
(1) | Prior period amounts have been conformed to current year presentation. See Notes to Financial Statements, Note 10 - New Accounting Pronouncements for further details. |
(2) | The composition and per share amounts of the Fund's distributions are presented in the Financial Highlights. The distribution information for the Fund as of its most recent tax year end is presented within the Notes to Financial Statements, Note 6 - Income Tax Information. |
(3) | For the fiscal year ended June 30, 2018, NWQ International Value's and NWQ Multi-Cap Value's distributions to shareholders were paid from net investment income, while NWQ Small-Cap Value's distributions where paid from accumulated net realized gains and NWQ Global Equity Income's, NWQ Large-Cap Value's and NWQ Small/Mid-Cap Value's distributions to shareholders were paid from net investment income and accumulated net realized gains. |
(4) | Class T shares were not available for public offering. |
NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | ||||
Six Months Ended 12/31/18 | Year Ended(1) 6/30/18 | Six Months Ended 12/31/18 | Year Ended(1) 6/30/18 | ||
Operations | |||||
Net investment income (loss) | $92,764 | $(27,378) | $912,722 | $(860,157) | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 249,373 | 7,959,556 | 13,038,231 | 85,826,673 | |
Options written | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (7,842,338) | (1,627,692) | (189,873,992) | 31,392,206 | |
Options written | — | — | — | — | |
Net increase (decrease) in net assets from operations | (7,500,201) | 6,304,486 | (175,923,039) | 116,358,722 | |
Distributions to Common Shareholders(2) | |||||
Dividends(3) | |||||
Class A Shares | (1,011,062) | (229,386) | (7,957,889) | (3,334,685) | |
Class C Shares | (640,504) | (163,839) | (1,945,422) | (971,228) | |
Class R3 Shares | (156,343) | (38,756) | (1,447,253) | (337,272) | |
Class R6 Shares | (2,221,476) | (400,350) | (1,030,068) | (453,000) | |
Class I Shares | (3,821,581) | (2,160,096) | (57,417,784) | (24,048,799) | |
Class T Shares(4) | — | — | — | — | |
Decrease in net assets from distributions to shareholders | (7,850,966) | (2,992,427) | (69,798,416) | (29,144,984) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 5,289,363 | 15,052,836 | 104,974,459 | 172,720,666 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 7,556,283 | 2,935,615 | 65,990,126 | 27,737,830 | |
12,845,646 | 17,988,451 | 170,964,585 | 200,458,496 | ||
Cost of shares redeemed | (16,485,410) | (42,728,057) | (146,240,538) | (235,360,324) | |
Net increase (decrease) in net assets from Fund share transactions | (3,639,764) | (24,739,606) | 24,724,047 | (34,901,828) | |
Net increase (decrease) in net assets | (18,990,931) | (21,427,547) | (220,997,408) | 52,311,910 | |
Net assets at the beginning of period | 38,623,599 | 60,051,146 | 765,382,563 | 713,070,653 | |
Net assets at the end of period | $19,632,668 | $38,623,599 | $544,385,155 | $765,382,563 |
(1) | Prior period amounts have been conformed to current year presentation. See Notes to Financial Statements, Note 10 - New Accounting Pronouncements for further details. |
(2) | The composition and per share amounts of the Fund's distributions are presented in the Financial Highlights. The distribution information for the Fund as of its most recent tax year end is presented within the Notes to Financial Statements, Note 6 - Income Tax Information. |
(3) | For the fiscal year ended June 30, 2018, NWQ International Value's and NWQ Multi-Cap Value's distributions to shareholders were paid from net investment income, while NWQ Small-Cap Value's distributions where paid from accumulated net realized gains and NWQ Global Equity Income's, NWQ Large-Cap Value's and NWQ Small/Mid-Cap Value's distributions to shareholders were paid from net investment income and accumulated net realized gains. |
(4) | Class T shares were not available for public offering. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (09/09) | |||||||||
2019(e) | $27.45 | $0.20 | $(3.28) | $(3.08) | $(0.20) | $(0.63) | $(0.83) | $23.54 | |
2018 | 27.34 | 0.83 | 0.12 | 0.95 | (0.60) | (0.24) | (0.84) | 27.45 | |
2017 | 24.47 | 0.94 | 2.87 | 3.81 | (0.94) | —** | (0.94) | 27.34 | |
2016 | 26.50 | 0.75 | (2.04) | (1.29) | (0.51) | (0.23) | (0.74) | 24.47 | |
2015 | 28.09 | 0.65 | (0.39) | 0.26 | (0.55) | (1.30) | (1.85) | 26.50 | |
2014 | 24.08 | 0.69 | 4.60 | 5.29 | (0.67) | (0.61) | (1.28) | 28.09 | |
Class C (09/09) | |||||||||
2019(e) | 27.39 | 0.09 | (3.26) | (3.17) | (0.10) | (0.63) | (0.73) | 23.49 | |
2018 | 27.28 | 0.62 | 0.11 | 0.73 | (0.38) | (0.24) | (0.62) | 27.39 | |
2017 | 24.42 | 1.18 | 2.42 | 3.60 | (0.74) | —** | (0.74) | 27.28 | |
2016 | 26.48 | 0.51 | (1.98) | (1.47) | (0.36) | (0.23) | (0.59) | 24.42 | |
2015 | 28.07 | 0.38 | (0.32) | 0.06 | (0.35) | (1.30) | (1.65) | 26.48 | |
2014 | 24.07 | 0.49 | 4.59 | 5.08 | (0.47) | (0.61) | (1.08) | 28.07 | |
Class R3 (09/09) | |||||||||
2019(e) | 27.40 | 0.16 | (3.26) | (3.10) | (0.17) | (0.63) | (0.80) | 23.50 | |
2018 | 27.30 | 0.75 | 0.11 | 0.86 | (0.52) | (0.24) | (0.76) | 27.40 | |
2017 | 24.46 | 1.05 | 2.69 | 3.74 | (0.90) | —** | (0.90) | 27.30 | |
2016 | 26.49 | 0.64 | (1.98) | (1.34) | (0.46) | (0.23) | (0.69) | 24.46 | |
2015 | 28.09 | 0.50 | (0.32) | 0.18 | (0.48) | (1.30) | (1.78) | 26.49 | |
2014 | 24.08 | 0.63 | 4.59 | 5.22 | (0.60) | (0.61) | (1.21) | 28.09 | |
Class I (09/09) | |||||||||
2019(e) | 27.46 | 0.23 | (3.28) | (3.05) | (0.24) | (0.63) | (0.87) | 23.54 | |
2018 | 27.35 | 0.90 | 0.12 | 1.02 | (0.67) | (0.24) | (0.91) | 27.46 | |
2017 | 24.48 | 0.94 | 2.93 | 3.87 | (1.00) | —** | (1.00) | 27.35 | |
2016 | 26.51 | 1.25 | (2.48) | (1.23) | (0.57) | (0.23) | (0.80) | 24.48 | |
2015 | 28.10 | 0.68 | (0.35) | 0.33 | (0.62) | (1.30) | (1.92) | 26.51 | |
2014 | 24.08 | 0.89 | 4.48 | 5.37 | (0.74) | (0.61) | (1.35) | 28.10 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(11.30)% | $99,230 | 1.17%* | 1.39%* | 1.11%* | 1.45%* | 16% | |
3.42 | 118,895 | 1.18 | 2.85 | 1.11 | 2.92 | 31 | |
15.75 | 152,606 | 1.33 | 3.36 | 1.11 | 3.58 | 86 | |
(4.88) | 1,599 | 3.83 | 0.36 | 1.20 | 2.98 | 51 | |
1.27 | 918 | 6.33 | (2.72) | 1.21 | 2.40 | 27 | |
22.28 | 351 | 4.86 | (1.12) | 1.16 | 2.58 | 49 | |
(11.63) | 40,486 | 1.92* | 0.63* | 1.86* | 0.69* | 16 | |
2.65 | 67,535 | 1.93 | 2.10 | 1.86 | 2.16 | 31 | |
14.87 | 81,440 | 2.03 | 4.24 | 1.86 | 4.41 | 86 | |
(5.57) | 382 | 4.78 | (0.81) | 1.96 | 2.01 | 51 | |
0.51 | 413 | 6.83 | (3.46) | 1.96 | 1.40 | 27 | |
21.36 | 351 | 5.61 | (1.87) | 1.91 | 1.83 | 49 | |
(11.40) | 966 | 1.42* | 1.14* | 1.36* | 1.20* | 16 | |
3.13 | 1,225 | 1.43 | 2.56 | 1.36 | 2.63 | 31 | |
15.48 | 1,926 | 1.55 | 3.77 | 1.36 | 3.96 | 86 | |
(5.09) | 306 | 4.27 | (0.30) | 1.46 | 2.52 | 51 | |
0.98 | 331 | 6.31 | (3.01) | 1.46 | 1.84 | 27 | |
21.99 | 351 | 5.11 | (1.34) | 1.41 | 2.37 | 49 | |
(11.21) | 61,787 | 0.92* | 1.64* | 0.86* | 1.70* | 16 | |
3.69 | 82,677 | 0.92 | 3.08 | 0.86 | 3.15 | 31 | |
16.03 | 91,922 | 1.07 | 3.41 | 0.86 | 3.62 | 86 | |
(4.64) | 49,542 | 1.37 | 4.68 | 0.94 | 5.12 | 51 | |
1.53 | 1,059 | 5.88 | (2.40) | 0.96 | 2.51 | 27 | |
22.63 | 645 | 4.79 | (0.55) | 0.92 | 3.31 | 49 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2018. |
* | Annualized. |
** | Rounds to less than $.01 per share. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning NAV | Net Investment Income (Loss) (a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/ 99) | |||||||||
June 30, 2019(e) | $25.16 | $0.06 | $(3.86) | $(3.80) | $(0.26) | $ — | $(0.26) | $21.10 | |
June 30, 2018 | 24.91 | 0.38 | 0.62 | 1.00 | (0.75) | — | (0.75) | 25.16 | |
June 30, 2017(f) | 22.22 | 0.40 | 2.71 | 3.11 | (0.42) | — | (0.42) | 24.91 | |
July 31, 2016 | 24.59 | 0.47 | (2.53) | (2.06) | (0.31) | — | (0.31) | 22.22 | |
July 31, 2015 | 25.67 | 0.20 | (0.35) | (0.15) | (0.93) | — | (0.93) | 24.59 | |
July 31, 2014 | 22.74 | 0.50 | 2.98 | 3.48 | (0.55) | — | (0.55) | 25.67 | |
July 31, 2013 | 20.27 | 0.32 | 2.96 | 3.28 | (0.81) | — | (0.81) | 22.74 | |
Class C (12/ 99) | |||||||||
June 30, 2019(e) | 23.94 | (0.04) | (3.66) | (3.70) | (0.07) | — | (0.07) | 20.17 | |
June 30, 2018 | 23.70 | 0.17 | 0.61 | 0.78 | (0.54) | — | (0.54) | 23.94 | |
June 30, 2017(f) | 21.13 | 0.21 | 2.61 | 2.82 | (0.25) | — | (0.25) | 23.70 | |
July 31, 2016 | 23.39 | 0.28 | (2.41) | (2.13) | (0.13) | — | (0.13) | 21.13 | |
July 31, 2015 | 24.40 | 0.03 | (0.33) | (0.30) | (0.71) | — | (0.71) | 23.39 | |
July 31, 2014 | 21.63 | 0.29 | 2.84 | 3.13 | (0.36) | — | (0.36) | 24.40 | |
July 31, 2013 | 19.27 | 0.15 | 2.83 | 2.98 | (0.62) | — | (0.62) | 21.63 | |
Class R3 (08/ 08) | |||||||||
June 30, 2019(e) | 25.34 | 0.03 | (3.89) | (3.86) | (0.20) | — | (0.20) | 21.28 | |
June 30, 2018 | 25.08 | 0.34 | 0.62 | 0.96 | (0.70) | — | (0.70) | 25.34 | |
June 30, 2017(f) | 22.37 | 0.36 | 2.72 | 3.08 | (0.37) | — | (0.37) | 25.08 | |
July 31, 2016 | 24.76 | 0.42 | (2.55) | (2.13) | (0.26) | — | (0.26) | 22.37 | |
July 31, 2015 | 25.84 | 0.14 | (0.35) | (0.21) | (0.87) | — | (0.87) | 24.76 | |
July 31, 2014 | 22.90 | 0.43 | 3.00 | 3.43 | (0.49) | — | (0.49) | 25.84 | |
July 31, 2013 | 20.41 | 0.29 | 2.97 | 3.26 | (0.77) | — | (0.77) | 22.90 | |
Class I (12/ 99) | |||||||||
June 30, 2019(e) | 25.29 | 0.09 | (3.88) | (3.79) | (0.33) | — | (0.33) | 21.17 | |
June 30, 2018 | 25.03 | 0.46 | 0.62 | 1.08 | (0.82) | — | (0.82) | 25.29 | |
June 30, 2017(f) | 22.33 | 0.50 | 2.68 | 3.18 | (0.48) | — | (0.48) | 25.03 | |
July 31, 2016 | 24.72 | 0.53 | (2.54) | (2.01) | (0.38) | — | (0.38) | 22.33 | |
July 31, 2015 | 25.82 | 0.27 | (0.37) | (0.10) | (1.00) | — | (1.00) | 24.72 | |
July 31, 2014 | 22.87 | 0.57 | 2.99 | 3.56 | (0.61) | — | (0.61) | 25.82 | |
July 31, 2013 | 20.38 | 0.36 | 3.00 | 3.36 | (0.87) | — | (0.87) | 22.87 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return (b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate (d) | |
(15.08)% | $22,481 | 1.32%* | 0.32%* | 1.15%* | 0.50%* | 9% | |
3.92 | 26,710 | 1.27 | 1.34 | 1.15 | 1.46 | 17 | |
14.24 | 28,490 | 1.27* | 1.78* | 1.15* | 1.90* | 23 | |
(8.38) | 30,998 | 1.34 | 2.10 | 1.33 | 2.11 | 20 | |
(0.20) | 37,581 | 1.35 | 0.81 | N/A | N/A | 30 | |
15.35 | 151,078 | 1.42 | 2.01 | N/A | N/A | 24 | |
16.56 | 169,858 | 1.39 | 1.49 | N/A | N/A | 31 | |
(15.44) | 3,968 | 2.07* | (0.50)* | 1.90* | (0.32)* | 9 | |
3.20 | 9,986 | 2.02 | 0.56 | 1.90 | 0.68 | 17 | |
13.47 | 11,688 | 2.02* | 0.95* | 1.90* | 1.06* | 23 | |
(9.11) | 16,182 | 2.09 | 1.32 | 2.08 | 1.33 | 20 | |
(0.95) | 22,173 | 2.11 | 0.12 | N/A | N/A | 30 | |
14.49 | 27,876 | 2.16 | 1.23 | N/A | N/A | 24 | |
15.75 | 31,437 | 2.14 | 0.72 | N/A | N/A | 31 | |
(15.22) | 1,200 | 1.58* | 0.06* | 1.40* | 0.24* | 9 | |
3.71 | 1,391 | 1.52 | 1.20 | 1.40 | 1.31 | 17 | |
13.97 | 1,095 | 1.51* | 1.59* | 1.40* | 1.70* | 23 | |
(8.63) | 1,398 | 1.59 | 1.85 | 1.58 | 1.86 | 20 | |
(0.44) | 1,352 | 1.61 | 0.59 | N/A | N/A | 30 | |
15.04 | 1,888 | 1.67 | 1.71 | N/A | N/A | 24 | |
16.29 | 3,204 | 1.64 | 1.34 | N/A | N/A | 31 | |
(14.98) | 204,239 | 1.08* | 0.56* | 0.90* | 0.74* | 9 | |
4.20 | 251,067 | 1.02 | 1.65 | 0.90 | 1.76 | 17 | |
14.51 | 255,113 | 1.02* | 2.25* | 0.90* | 2.36* | 23 | |
(8.17) | 179,707 | 1.09 | 2.37 | 1.08 | 2.38 | 20 | |
0.02 | 224,970 | 1.11 | 1.12 | N/A | N/A | 30 | |
15.63 | 177,508 | 1.16 | 2.27 | N/A | N/A | 24 | |
16.89 | 169,589 | 1.14 | 1.67 | N/A | N/A | 31 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2018. |
(f) | For the eleven month ended June 30 2017. |
* | Annualized. |
N/A | For the periods presented herein, Fund did not have a contractual reimbursement agreement with the advisor prior to June 30, 2016. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/02) | |||||||||
2019(e) | $31.84 | $0.13 | $(5.44) | $(5.31) | $ — | $ — | $ — | $26.53 | |
2018(f) | 29.15 | (0.18) | 3.42 | 3.24 | (0.55) | — | (0.55) | 31.84 | |
2017 | 23.86 | 0.46 | 5.04 | 5.50 | (0.21) | — | (0.21) | 29.15 | |
2016 | 25.75 | 0.19 | (1.90) | (1.71) | (0.18) | — | (0.18) | 23.86 | |
2015 | 26.97 | 0.16 | (1.20) | (1.04) | (0.18) | — | (0.18) | 25.75 | |
2014 | 22.36 | 0.10 | 4.60 | 4.70 | (0.09) | — | (0.09) | 26.97 | |
Class C (12/02) | |||||||||
2019(e) | 29.97 | (0.03) | (5.07) | (5.10) | — | — | — | 24.87 | |
2018(f) | 27.46 | (0.37) | 3.19 | 2.82 | (0.31) | — | (0.31) | 29.97 | |
2017 | 22.49 | 0.20 | 4.80 | 5.00 | (0.03) | — | (0.03) | 27.46 | |
2016 | 24.27 | 0.01 | (1.79) | (1.78) | — | — | — | 22.49 | |
2015 | 25.43 | (0.03) | (1.13) | (1.16) | — | — | — | 24.27 | |
2014 | 21.17 | (0.07) | 4.33 | 4.26 | — | — | — | 25.43 | |
Class R3 (08/08) | |||||||||
2019(e) | 31.48 | 0.08 | (5.36) | (5.28) | — | — | — | 26.20 | |
2018(f) | 28.84 | (0.01) | 3.12 | 3.11 | (0.47) | — | (0.47) | 31.48 | |
2017 | 23.61 | 0.33 | 5.05 | 5.38 | (0.15) | — | (0.15) | 28.84 | |
2016 | 25.48 | 0.13 | (1.88) | (1.75) | (0.12) | — | (0.12) | 23.61 | |
2015 | 26.68 | 0.09 | (1.18) | (1.09) | (0.11) | — | (0.11) | 25.48 | |
2014 | 22.13 | 0.05 | 4.53 | 4.58 | (0.03) | — | (0.03) | 26.68 | |
Class I (11/97) | |||||||||
2019(e) | 32.03 | 0.16 | (5.47) | (5.31) | — | — | — | 26.72 | |
2018(f) | 29.33 | (0.11) | 3.43 | 3.32 | (0.62) | — | (0.62) | 32.03 | |
2017 | 24.00 | 0.49 | 5.11 | 5.60 | (0.27) | — | (0.27) | 29.33 | |
2016 | 25.90 | 0.25 | (1.90) | (1.65) | (0.25) | — | (0.25) | 24.00 | |
2015 | 27.13 | 0.22 | (1.21) | (0.99) | (0.24) | — | (0.24) | 25.90 | |
2014 | 22.48 | 0.18 | 4.62 | 4.80 | (0.15) | — | (0.15) | 27.13 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(16.68)% | $37,339 | 1.26%* | 0.68%* | 1.15%* | 0.80%* | 11% | |
11.14 | 30,003 | 1.24 | (0.67) | 1.15 | (0.58) | 118 | |
23.08 | 30,955 | 1.25 | 1.64 | 1.15 | 1.74 | 46 | |
(6.58) | 26,863 | 1.34 | 0.78 | 1.34 | 0.78 | 28 | |
(3.87) | 33,973 | 1.30 | 0.61 | N/A | N/A | 42 | |
21.04 | 47,369 | 1.28 | 0.42 | N/A | N/A | 37 | |
(17.02) | 2,901 | 2.01* | (0.29)* | 1.90* | (0.18)* | 11 | |
10.29 | 21,143 | 1.99 | (1.39) | 1.90 | (1.29) | 118 | |
22.17 | 23,652 | 2.00 | 0.70 | 1.90 | 0.80 | 46 | |
(7.25) | 26,462 | 2.09 | 0.03 | 2.09 | 0.03 | 28 | |
(4.60) | 35,688 | 2.06 | (0.13) | N/A | N/A | 42 | |
20.12 | 46,827 | 2.03 | (0.30) | N/A | N/A | 37 | |
(16.77) | 54 | 1.51* | 0.42* | 1.40* | 0.53* | 11 | |
10.81 | 62 | 1.49 | (0.12) | 1.40 | (0.02) | 118 | |
22.78 | 318 | 1.50 | 1.14 | 1.40 | 1.25 | 46 | |
(6.79) | 206 | 1.59 | 0.54 | 1.59 | 0.54 | 28 | |
(4.12) | 179 | 1.55 | 0.34 | N/A | N/A | 42 | |
20.72 | 256 | 1.53 | 0.21 | N/A | N/A | 37 | |
(16.58) | 32,968 | 1.01* | 0.92* | 0.90* | 1.03* | 11 | |
11.37 | 40,008 | 0.99 | (0.44) | 0.90 | (0.35) | 118 | |
23.45 | 40,694 | 1.00 | 1.74 | 0.90 | 1.84 | 46 | |
(6.37) | 43,271 | 1.09 | 1.02 | 1.09 | 1.02 | 28 | |
(3.64) | 49,665 | 1.05 | 0.86 | N/A | N/A | 42 | |
21.38 | 71,721 | 1.03 | 0.71 | N/A | N/A | 37 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2018. |
(f) | Per share Net investment income (loss) and Net Investment Income (Loss)to Average Net Assets ratios include a change in estimated return of capital recorded by the Fund during the current reporting period. Such change in estimate occurred upon receiving the reporting of the actual character of the dividends received from the issuers of certain securities. If such change in estimate were excluded, per share Net Investment Income (Loss) and the ratios of Net Investment Income (Loss) to Average Net Assets for each share class would have been as follows: |
Per Share Net Investment Income (Loss)(a) | Ratios of Net Investment Income (Loss) to Average Net Assets Before Reimbursement | Ratios of Net Investment Income (Loss) to Average Net Assets After Reimbursement | |
Class A | $0.21 | 0.60% | 0.69% |
Class C | (0.01) | (0.12) | (0.03) |
Class R3 | 0.37 | 1.15 | 1.24 |
Class I | 0.28 | 0.83 | 0.92 |
* | Annualized. |
N/A | For the periods presented herein, Fund did not have a contractual reimbursement agreement with the advisor prior to June 30, 2016. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/06) | |||||||||
2019(e) | $6.72 | $0.04 | $(1.03) | $(0.99) | $(0.03) | $(1.42) | $(1.45) | $4.28 | |
2018 | 7.88 | 0.06 | 0.61 | 0.67 | (0.17) | (1.66) | (1.83) | 6.72 | |
2017 | 7.27 | 0.07 | 1.32 | 1.39 | (0.10) | (0.68) | (0.78) | 7.88 | |
2016 | 12.38 | 0.11 | (0.82) | (0.71) | (0.15) | (4.25) | (4.40) | 7.27 | |
2015 | 23.73 | 0.16 | (0.67) | (0.51) | (0.38) | (10.46) | (10.84) | 12.38 | |
2014 | 20.32 | 0.19 | 3.79 | 3.98 | (0.16) | (0.41) | (0.57) | 23.73 | |
Class C (12/06) | |||||||||
2019(e) | 5.95 | 0.01 | (0.90) | (0.89) | — | (1.42) | (1.42) | 3.64 | |
2018 | 7.16 | 0.01 | 0.54 | 0.55 | (0.10) | (1.66) | (1.76) | 5.95 | |
2017 | 6.66 | 0.01 | 1.21 | 1.22 | (0.04) | (0.68) | (0.72) | 7.16 | |
2016 | 11.71 | 0.03 | (0.78) | (0.75) | (0.05) | (4.25) | (4.30) | 6.66 | |
2015 | 23.01 | 0.03 | (0.66) | (0.63) | (0.21) | (10.46) | (10.67) | 11.71 | |
2014 | 19.73 | 0.02 | 3.67 | 3.69 | — | (0.41) | (0.41) | 23.01 | |
Class R3 (09/09) | |||||||||
2019(e) | 6.64 | 0.03 | (1.02) | (0.99) | (0.01) | (1.42) | (1.43) | 4.22 | |
2018 | 7.80 | 0.04 | 0.61 | 0.65 | (0.15) | (1.66) | (1.81) | 6.64 | |
2017 | 7.21 | 0.05 | 1.30 | 1.35 | (0.08) | (0.68) | (0.76) | 7.80 | |
2016 | 12.30 | 0.08 | (0.80) | (0.72) | (0.12) | (4.25) | (4.37) | 7.21 | |
2015 | 23.64 | 0.12 | (0.68) | (0.56) | (0.32) | (10.46) | (10.78) | 12.30 | |
2014 | 20.25 | 0.13 | 3.78 | 3.91 | (0.11) | (0.41) | (0.52) | 23.64 | |
Class I (12/06) | |||||||||
2019(e) | 6.75 | 0.04 | (1.03) | (0.99) | (0.05) | (1.42) | (1.47) | 4.29 | |
2018 | 7.91 | 0.08 | 0.61 | 0.69 | (0.19) | (1.66) | (1.85) | 6.75 | |
2017 | 7.29 | 0.09 | 1.33 | 1.42 | (0.12) | (0.68) | (0.80) | 7.91 | |
2016 | 12.41 | 0.13 | (0.82) | (0.69) | (0.18) | (4.25) | (4.43) | 7.29 | |
2015 | 23.77 | 0.20 | (0.66) | (0.46) | (0.44) | (10.46) | (10.90) | 12.41 | |
2014 | 20.35 | 0.24 | 3.80 | 4.04 | (0.21) | (0.41) | (0.62) | 23.77 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(15.26)% | $4,039 | 1.25%* | 0.85%* | 1.00%* | 1.10%* | 17% | |
8.71 | 4,556 | 1.19 | 0.64 | 1.00 | 0.83 | 48 | |
19.64 | 6,473 | 1.18 | 0.88 | 1.18 | 0.88 | 46 | |
(5.68) | 10,249 | 1.19 | 1.17 | N/A | N/A | 32 | |
0.68 | 15,522 | 1.17 | 0.86 | N/A | N/A | 26 | |
19.80 | 66,452 | 1.08 | 0.85 | N/A | N/A | 45 | |
(15.50) | 2,959 | 2.00* | 0.10* | 1.75* | 0.34* | 17 | |
7.86 | 4,275 | 1.94 | (0.11) | 1.75 | 0.08 | 48 | |
18.62 | 5,652 | 1.93 | 0.13 | 1.93 | 0.13 | 46 | |
(6.31) | 6,009 | 1.94 | 0.42 | N/A | N/A | 32 | |
(0.04) | 8,219 | 1.92 | 0.20 | N/A | N/A | 26 | |
18.90 | 11,857 | 1.83 | 0.11 | N/A | N/A | 45 | |
(15.39) | 65 | 1.50* | 0.61* | 1.25* | 0.86* | 17 | |
8.50 | 77 | 1.44 | 0.38 | 1.25 | 0.57 | 48 | |
19.22 | 75 | 1.43 | 0.64 | 1.42 | 0.65 | 46 | |
(5.85) | 62 | 1.44 | 0.93 | N/A | N/A | 32 | |
0.40 | 66 | 1.42 | 0.75 | N/A | N/A | 26 | |
19.50 | 64 | 1.33 | 0.59 | N/A | N/A | 45 | |
(15.25) | 36,071 | 0.99* | 1.09* | 0.75* | 1.32* | 17 | |
8.96 | 60,371 | 0.94 | 0.89 | 0.75 | 1.08 | 48 | |
19.85 | 74,352 | 0.93 | 1.12 | 0.93 | 1.12 | 46 | |
(5.37) | 93,548 | 0.94 | 1.40 | N/A | N/A | 32 | |
0.96 | 169,058 | 0.92 | 1.11 | N/A | N/A | 26 | |
20.10 | 642,177 | 0.83 | 1.06 | N/A | N/A | 45 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2018. |
* | Annualized. |
N/A | For the periods presented herein, Fund did not have a contractual reimbursement agreement with the advisor prior to May 31, 2017. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/06) | |||||||||
2019(e) | $36.02 | $0.06 | $(7.95) | $(7.89) | $ — | $(8.69) | $(8.69) | $19.44 | |
2018 | 33.23 | (0.08) | 4.61 | 4.53 | (0.01) | (1.73) | (1.74) | 36.02 | |
2017 | 27.78 | 0.01 | 5.44 | 5.45 | — | — | — | 33.23 | |
2016 | 28.80 | (0.06) | (0.96) | (1.02) | — | — | — | 27.78 | |
2015 | 29.98 | (0.11) | (1.07) | (1.18) | — | — | — | 28.80 | |
2014 | 24.50 | (0.12) | 5.60 | 5.48 | — | — | — | 29.98 | |
Class C (12/06) | |||||||||
2019(e) | 32.87 | (0.06) | (7.22) | (7.28) | — | (8.69) | (8.69) | 16.90 | |
2018 | 30.68 | (0.32) | 4.24 | 3.92 | — | (1.73) | (1.73) | 32.87 | |
2017 | 25.84 | (0.22) | 5.06 | 4.84 | — | — | — | 30.68 | |
2016 | 26.98 | (0.25) | (0.89) | (1.14) | — | — | — | 25.84 | |
2015 | 28.30 | (0.32) | (1.00) | (1.32) | — | — | — | 26.98 | |
2014 | 23.30 | (0.33) | 5.33 | 5.00 | — | — | — | 28.30 | |
Class R3 (09/09) | |||||||||
2019(e) | 34.94 | 0.02 | (7.70) | (7.68) | — | (8.69) | (8.69) | 18.57 | |
2018 | 32.35 | (0.17) | 4.49 | 4.32 | — | (1.73) | (1.73) | 34.94 | |
2017 | 27.11 | (0.08) | 5.32 | 5.24 | — | — | — | 32.35 | |
2016 | 28.17 | (0.12) | (0.94) | (1.06) | — | — | — | 27.11 | |
2015 | 29.41 | (0.20) | (1.04) | (1.24) | — | — | — | 28.17 | |
2014 | 24.09 | (0.20) | 5.52 | 5.32 | — | — | — | 29.41 | |
Class R6 (06/16) | |||||||||
2019(e) | 36.62 | 0.14 | (8.10) | (7.96) | — | (8.69) | (8.69) | 19.97 | |
2018 | 33.70 | 0.06 | 4.69 | 4.75 | (0.10) | (1.73) | (1.83) | 36.62 | |
2017 | 28.05 | (0.08) | 5.73 | 5.65 | — | — | — | 33.70 | |
2016(f) | 28.05 | — | — | — | — | — | — | 28.05 | |
Class I (12/06) | |||||||||
2019(e) | 36.50 | 0.10 | (8.06) | (7.96) | — | (8.69) | (8.69) | 19.85 | |
2018 | 33.65 | 0.01 | 4.67 | 4.68 | (0.10) | (1.73) | (1.83) | 36.50 | |
2017 | 28.05 | 0.08 | 5.52 | 5.60 | — | — | — | 33.65 | |
2016 | 29.01 | —* | (0.96) | (0.96) | — | — | — | 28.05 | |
2015 | 30.12 | (0.05) | (1.06) | (1.11) | — | — | — | 29.01 | |
2014 | 24.55 | (0.06) | 5.63 | 5.57 | — | — | — | 30.12 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(22.49)% | $2,993 | 1.68%** | (0.01)%** | 1.31%** | 0.37%** | 33% | |
13.98 | 4,512 | 1.53 | (0.46) | 1.31 | (0.24) | 49 | |
19.62 | 5,529 | 1.43 | (0.08) | 1.31 | 0.03 | 88 | |
(3.54) | 9,699 | 1.42 | (0.34) | 1.31 | (0.23) | 49 | |
(3.90) | 7,008 | 1.36 | (0.42) | 1.31 | (0.37) | 68 | |
22.33 | 8,882 | 1.31 | (0.45) | 1.31 | (0.45) | 48 | |
(22.80) | 1,934 | 2.43** | (0.76)** | 2.06** | (0.38)** | 33 | |
13.12 | 3,194 | 2.29 | (1.22) | 2.06 | (0.99) | 49 | |
18.73 | 3,078 | 2.18 | (0.87) | 2.06 | (0.74) | 88 | |
(4.26) | 2,724 | 2.17 | (1.09) | 2.06 | (0.98) | 49 | |
(4.63) | 3,167 | 2.11 | (1.22) | 2.06 | (1.17) | 68 | |
21.46 | 3,432 | 2.05 | (1.24) | 2.05 | (1.24) | 48 | |
(22.58) | 489 | 1.93** | (0.27)** | 1.56** | 0.10** | 33 | |
13.69 | 767 | 1.78 | (0.72) | 1.56 | (0.50) | 49 | |
19.33 | 874 | 1.68 | (0.39) | 1.56 | (0.26) | 88 | |
(3.76) | 653 | 1.68 | (0.57) | 1.56 | (0.46) | 49 | |
(4.18) | 421 | 1.60 | (0.75) | 1.56 | (0.71) | 68 | |
22.04 | 769 | 1.56 | (0.73) | 1.56 | (0.73) | 48 | |
(22.30) | 7,249 | 1.25** | 0.44** | 0.87** | 0.82** | 33 | |
14.44 | 9,629 | 1.13 | (0.07) | 0.89 | 0.17 | 49 | |
20.14 | 5,820 | 1.05 | (0.39) | 0.90 | (0.24) | 88 | |
— | 25 | — | — | — | — | — | |
(22.41) | 6,969 | 1.42** | 0.23** | 1.06** | 0.59** | 33 | |
14.25 | 20,522 | 1.25 | (0.18) | 1.06 | 0.02 | 49 | |
19.96 | 44,750 | 1.18 | 0.12 | 1.06 | 0.24 | 88 | |
(3.31) | 40,624 | 1.17 | (0.09) | 1.06 | 0.02 | 49 | |
(3.65) | 45,675 | 1.11 | (0.22) | 1.06 | (0.17) | 68 | |
22.65 | 53,251 | 1.05 | (0.23) | 1.05 | (0.23) | 48 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2018. |
(f) | Class R6 Shares commenced operations at the close of business on June 30, 2016. |
* | Rounds to less than $.01 per share. |
** | Annualized. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/04) | |||||||||
2019(e) | $55.23 | $0.02 | $(12.73) | $(12.71) | $ — | $(5.26) | $(5.26) | $37.26 | |
2018 | 49.16 | (0.16) | 8.34 | 8.18 | — | (2.11) | (2.11) | 55.23 | |
2017 | 42.06 | (0.16) | 8.62 | 8.46 | — | (1.36) | (1.36) | 49.16 | |
2016 | 44.06 | (0.19) | (1.75) | (1.94) | — | (0.06) | (0.06) | 42.06 | |
2015 | 42.62 | (0.30) | 1.74 | 1.44 | — | — | — | 44.06 | |
2014 | 33.14 | (0.29) | 9.77 | 9.48 | — | — | — | 42.62 | |
Class C (12/04) | |||||||||
2019(e) | 49.96 | (0.16) | (11.47) | (11.63) | — | (5.26) | (5.26) | 33.07 | |
2018 | 44.98 | (0.50) | 7.59 | 7.09 | — | (2.11) | (2.11) | 49.96 | |
2017 | 38.87 | (0.48) | 7.95 | 7.47 | — | (1.36) | (1.36) | 44.98 | |
2016 | 41.03 | (0.46) | (1.64) | (2.10) | — | (0.06) | (0.06) | 38.87 | |
2015 | 39.98 | (0.59) | 1.64 | 1.05 | — | — | — | 41.03 | |
2014 | 31.33 | (0.55) | 9.20 | 8.65 | — | — | — | 39.98 | |
Class R3 (09/09) | |||||||||
2019(e) | 54.33 | (0.06) | (12.49) | (12.55) | — | (5.26) | (5.26) | 36.52 | |
2018 | 48.51 | (0.28) | 8.21 | 7.93 | — | (2.11) | (2.11) | 54.33 | |
2017 | 41.62 | (0.29) | 8.54 | 8.25 | — | (1.36) | (1.36) | 48.51 | |
2016 | 43.71 | (0.28) | (1.75) | (2.03) | — | (0.06) | (0.06) | 41.62 | |
2015 | 42.38 | (0.41) | 1.74 | 1.33 | — | — | — | 43.71 | |
2014 | 33.04 | (0.40) | 9.74 | 9.34 | — | — | — | 42.38 | |
Class R6 (02/13) | |||||||||
2019(e) | 57.24 | 0.12 | (13.21) | (13.09) | — | (5.26) | (5.26) | 38.89 | |
2018 | 50.67 | 0.05 | 8.63 | 8.68 | — | (2.11) | (2.11) | 57.24 | |
2017 | 43.13 | 0.04 | 8.86 | 8.90 | — | (1.36) | (1.36) | 50.67 | |
2016 | 45.00 | —* | (1.81) | (1.81) | — | (0.06) | (0.06) | 43.13 | |
2015 | 43.35 | (0.14) | 1.79 | 1.65 | — | — | — | 45.00 | |
2014 | 33.60 | (0.16) | 9.91 | 9.75 | — | — | — | 43.35 | |
Class I (12/04) | |||||||||
2019(e) | 56.75 | 0.08 | (13.09) | (13.01) | — | (5.26) | (5.26) | 38.48 | |
2018 | 50.34 | (0.03) | 8.55 | 8.52 | — | (2.11) | (2.11) | 56.75 | |
2017 | 42.93 | (0.06) | 8.83 | 8.77 | — | (1.36) | (1.36) | 50.34 | |
2016 | 44.86 | (0.09) | (1.78) | (1.87) | — | (0.06) | (0.06) | 42.93 | |
2015 | 43.28 | (0.21) | 1.79 | 1.58 | — | — | — | 44.86 | |
2014 | 33.58 | (0.20) | 9.90 | 9.70 | — | — | — | 43.28 |
Ratios/Supplemental Data | ||||
Ratios to Average Net Assets(c) | ||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) |
(23.24)% | $63,722 | 1.23%** | 0.07%** | 36% |
16.94 | 82,161 | 1.27 | (0.31) | 67 |
20.12 | 82,559 | 1.30 | (0.34) | 57 |
(4.37) | 90,656 | 1.38 | (0.46) | 39 |
3.38 | 122,575 | 1.42 | (0.71) | 38 |
28.61 | 51,477 | 1.36 | (0.73) | 49 |
(23.52) | 13,733 | 1.98** | (0.68)** | 36 |
16.05 | 21,723 | 2.01 | (1.05) | 67 |
19.21 | 23,251 | 2.05 | (1.10) | 57 |
(5.08) | 24,886 | 2.13 | (1.20) | 39 |
2.63 | 29,732 | 2.17 | (1.47) | 38 |
27.61 | 18,004 | 2.11 | (1.50) | 49 |
(23.32) | 5,670 | 1.48** | (0.22)** | 36 |
16.62 | 7,929 | 1.51 | (0.55) | 67 |
19.82 | 7,945 | 1.55 | (0.61) | 57 |
(4.61) | 7,532 | 1.64 | (0.69) | 39 |
3.14 | 6,500 | 1.67 | (0.96) | 38 |
28.27 | 2,632 | 1.61 | (1.01) | 49 |
(23.07) | 8,925 | 0.85** | 0.44** | 36 |
17.41 | 11,093 | 0.85 | 0.10 | 67 |
20.64 | 9,284 | 0.86 | 0.09 | 57 |
(3.99) | 8,584 | 0.98 | 0.01 | 39 |
3.81 | 3,625 | 1.01 | (0.33) | 38 |
29.02 | 3,138 | 1.02 | (0.42) | 49 |
(23.15) | 452,334 | 0.98** | 0.31** | 36 |
17.22 | 642,477 | 1.01 | (0.05) | 67 |
20.43 | 590,033 | 1.05 | (0.12) | 57 |
(4.13) | 467,821 | 1.13 | (0.20) | 39 |
3.65 | 447,072 | 1.17 | (0.47) | 38 |
28.89 | 252,554 | 1.11 | (0.50) | 49 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | The Fund has a fee waiver/expense reimbursement agreement with the Adviser, but did not receive a fee waiver and/or expense reimbursement during the periods presented herein. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2018. |
* | Rounds to less than $.01 per share. |
** | Annualized. |
NWQ Global Equity Income | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $89,127,645 | $109,908,431** | $25*** | $199,036,101 |
$1,000 Par (or similar) Institutional Preferred | — | 2,413,335 | — | 2,413,335 |
Structured Notes | — | 1,558,029 | — | 1,558,029 |
$25 Par (or similar) Retail Preferred | 158,652 | — | — | 158,652 |
Total | $89,286,297 | $113,879,795 | $25 | $203,166,117 |
NWQ International Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $42,285,898 | $186,809,858** | $ — | $229,095,756 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 1,961,049 | — | 1,961,049 |
Total | $42,285,898 | $188,770,907 | $ — | $231,056,805 |
NWQ Multi-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $70,246,848 | $983,448** | $ — | $71,230,296 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 2,036,468 | — | 2,036,468 |
Total | $70,246,848 | $3,019,916 | $ — | $73,266,764 |
NWQ Large-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $41,542,989 | $604,215** | $ — | $42,147,204 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 267,171 | — | 267,171 |
Total | $41,542,989 | $871,386 | $ — | $42,414,375 |
NWQ Small/Mid-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $18,881,841 | $ — | $ — | $18,881,841 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 6,114,053 | — | 6,114,053 |
Total | $18,881,841 | $6,114,053 | $ — | $24,995,894 |
NWQ Small-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $530,644,881 | $ — | $ — | $530,644,881 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 17,311,834 | — | 17,311,834 |
Total | $530,644,881 | $17,311,834 | $ — | $547,956,715 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
** | Refer to the Fund's Portfolio of Investments for securities classified as Level 2. |
*** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. |
NWQ Global Equity Income | Value | % of Net Assets |
Country: | ||
Germany | $29,990,531 | 14.8% |
United Kingdom | 14,545,217 | 7.2 |
Japan | 12,070,256 | 6.0 |
France | 9,507,136 | 4.7 |
Ireland | 8,619,658 | 4.2 |
Spain | 6,892,260 | 3.4 |
Switzerland | 6,655,540 | 3.3 |
Bermuda | 6,350,725 | 3.1 |
Netherlands | 6,069,620 | 3.0 |
Other | 25,951,633 | 12.8 |
Total non-U.S. securities | $126,652,576 | 62.5% |
NWQ International Value | Value | % of Net Assets |
Country: | ||
Japan | $54,975,847 | 23.7% |
Netherlands | 25,676,082 | 11.1 |
Germany | 24,300,598 | 10.5 |
France | 20,553,118 | 8.9 |
United Kingdom | 17,366,710 | 7.5 |
South Korea | 13,307,559 | 5.7 |
Switzerland | 12,037,223 | 5.2 |
Denmark | 10,022,257 | 4.3 |
Belgium | 9,274,921 | 4.0 |
Other | 31,692,115 | 13.6 |
Total non-U.S. securities | $219,206,430 | 94.5% |
Fund | Counterparty | Short-Term Investments, at Value | Collateral Pledged (From) Counterparty* | Net Exposure |
NWQ International Value | Fixed Income Clearing Corporation | $1,961,049 | $(1,961,049) | $ — |
NWQ Multi-Cap Value | Fixed Income Clearing Corporation | 2,036,468 | (2,036,468) | — |
NWQ Large-Cap Value | Fixed Income Clearing Corporation | 267,171 | (267,171) | — |
NWQ Small/Mid-Cap Value | Fixed Income Clearing Corporation | 6,114,053 | (6,114,053) | — |
NWQ Small-Cap Value | Fixed Income Clearing Corporation | 17,311,834 | (17,311,834) | — |
NWQ Large-Cap Value | |
Average notional amount of outstanding options written* | $251,333 |
Fund | Underlying Risk Exposure | Derivative Instrument | Net RealizedGain (Loss) from Options Written | Change in Net Unrealized Appreciation (Depreciation) of Options Written |
NWQ Large-Cap Value | Equity price | Options written | $27,478 | $(17,704) |
Six Months Ended 12/31/18 | Year Ended 6/30/18 | ||||
NWQ Global Equity Income | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 588,209 | $16,201,278 | 251,164 | $7,263,398 | |
Class A – automatic conversion of Class C Shares | 7,382 | 204,560 | — | — | |
Class C | 8,561 | 230,566 | 34,883 | 1,006,625 | |
Class R3 | 2,838 | 74,391 | 6,084 | 174,028 | |
Class I | 249,971 | 6,846,911 | 654,504 | 18,617,115 | |
Class T(1) | — | — | — | — | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 135,560 | 3,310,438 | 129,245 | 3,640,042 | |
Class C | 46,337 | 1,120,366 | 52,053 | 1,460,300 | |
Class R3 | 800 | 19,485 | 798 | 22,446 | |
Class I | 94,140 | 2,305,941 | 98,743 | 2,782,031 | |
Class T(1) | — | — | — | — | |
1,133,798 | 30,313,936 | 1,227,474 | 34,965,985 | ||
Shares redeemed: | |||||
Class A | (847,012) | (22,627,421) | (1,629,921) | (46,556,326) | |
Class C | (789,490) | (21,421,486) | (606,223) | (17,253,516) | |
Class C – automatic conversion to Class A Shares | (7,399) | (204,560) | — | — | |
Class R3 | (7,224) | (188,173) | (32,723) | (936,816) | |
Class I | (730,942) | (19,252,855) | (1,102,707) | (31,504,184) | |
Class T(1) | (919) | (23,190) | — | — | |
(2,382,986) | (63,717,685) | (3,371,574) | (96,250,842) | ||
Net increase (decrease) | (1,249,188) | $(33,403,749) | (2,144,100) | $(61,284,857) |
(1) | Class T Shares were not available for public offering |
Six Months Ended 12/31/18 | Year Ended 6/30/18 | ||||
NWQ International Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 248,008 | $6,064,598 | 273,964 | $7,133,410 | |
Class A – automatic conversion of Class C Shares | 5,374 | 135,261 | — | — | |
Class C | 5,075 | 111,441 | 37,971 | 941,448 | |
Class R3 | 11,981 | 284,061 | 29,173 | 764,544 | |
Class I | 1,337,312 | 31,542,743 | 2,596,144 | 68,042,805 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 11,363 | 238,747 | 25,075 | 656,226 | |
Class C | 611 | 12,258 | 9,108 | 227,615 | |
Class R3 | 326 | 6,907 | 802 | 21,154 | |
Class I | 147,815 | 3,115,943 | 289,373 | 7,601,840 | |
1,767,865 | 41,511,959 | 3,261,610 | 85,389,042 | ||
Shares redeemed: | |||||
Class A | (260,726) | (6,026,976) | (381,388) | (9,963,413) | |
Class C | (220,503) | (5,179,390) | (122,951) | (3,045,972) | |
Class C – automatic conversion to Class A Shares | (5,650) | (135,261) | — | — | |
Class R3 | (10,806) | (258,319) | (18,714) | (490,489) | |
Class I | (1,764,576) | (41,630,000) | (3,150,778) | (81,666,575) | |
(2,262,261) | (53,229,946) | (3,673,831) | (95,166,449) | ||
Net increase (decrease) | (494,396) | $(11,717,987) | (412,221) | $(9,777,407) |
Six Months Ended 12/31/18 | Year Ended 6/30/18 | ||||
NWQ Multi-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 584,218 | $18,671,346 | 35,098 | $1,089,604 | |
Class A – automatic conversion of Class C Shares | 7,002 | 225,617 | — | — | |
Class C | 8,348 | 244,101 | 5,489 | 160,484 | |
Class R3 | 152 | 4,460 | 889 | 26,677 | |
Class I | 71,511 | 2,286,132 | 145,796 | 4,489,447 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | — | — | 14,850 | 464,368 | |
Class C | — | — | 7,963 | 225,319 | |
Class R3 | — | — | — | — | |
Class I | — | — | 24,624 | 773,700 | |
671,231 | 21,431,656 | 234,709 | 7,239,599 | ||
Shares redeemed: | |||||
Class A | (126,087) | (3,971,424) | (169,291) | (5,205,729) | |
Class C | (589,745) | (17,806,370) | (169,240) | (4,855,623) | |
Class C – automatic conversion to Class A Shares | (7,441) | (225,617) | — | — | |
Class R3 | (60) | (1,913) | (9,922) | (310,864) | |
Class I | (86,815) | (2,706,574) | (309,022) | (9,501,758) | |
(810,148) | (24,711,898) | (657,475) | (19,873,974) | ||
Net increase (decrease) | (138,917) | $(3,280,242) | (422,766) | $(12,634,375) |
Six Months Ended 12/31/18 | Year Ended 6/30/18 | ||||
NWQ Large-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 185,042 | $931,219 | 154,876 | $1,174,383 | |
Class A – automatic conversion of Class C Shares | 26,921 | 181,682 | — | — | |
Class C | 34,241 | 167,026 | 42,582 | 265,206 | |
Class R3 | — | — | 162 | 1,140 | |
Class I | 571,586 | 3,316,022 | 545,663 | 3,875,850 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 196,051 | 863,725 | 189,266 | 1,279,151 | |
Class C | 216,662 | 805,983 | 184,604 | 1,100,509 | |
Class R3 | 3,853 | 16,678 | 2,653 | 17,693 | |
Class I | 2,147,477 | 9,519,941 | 2,235,717 | 15,193,852 | |
3,381,833 | 15,802,276 | 3,355,523 | 22,907,784 | ||
Shares redeemed: | |||||
Class A | (141,773) | (934,378) | (487,761) | (3,529,637) | |
Class C | (124,867) | (674,275) | (298,423) | (1,977,546) | |
Class C – automatic conversion to Class A Shares | (30,390) | (181,682) | — | — | |
Class R3 | — | — | (799) | (5,066) | |
Class I | (3,260,501) | (20,358,122) | (3,239,738) | (23,730,235) | |
(3,557,531) | (22,148,457) | (4,026,721) | (29,242,484) | ||
Net increase (decrease) | (175,698) | $(6,346,181) | (671,198) | $(6,334,700) |
Six Months Ended 12/31/18 | Year Ended 6/30/18 | ||||
NWQ Small/Mid-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 31,055 | $945,862 | 13,321 | $457,793 | |
Class A – automatic conversion of Class C Shares | 268 | 9,739 | — | — | |
Class C | 23,228 | 445,960 | 5,482 | 175,577 | |
Class R3 | 3,308 | 67,899 | 1,975 | 65,880 | |
Class R6 | 43,838 | 1,519,212 | 195,529 | 6,833,457 | |
Class I | 74,141 | 2,300,691 | 214,684 | 7,520,129 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 40,903 | 815,194 | 5,761 | 195,104 | |
Class C | 34,968 | 605,997 | 5,012 | 155,425 | |
Class R3 | 5,369 | 102,174 | 831 | 27,307 | |
Class R6 | 108,198 | 2,213,728 | 11,569 | 398,721 | |
Class I | 187,767 | 3,819,190 | 62,826 | 2,159,058 | |
553,043 | 12,845,646 | 516,990 | 17,988,451 | ||
Shares redeemed: | |||||
Class A | (43,526) | (1,306,987) | (60,181) | (2,062,573) | |
Class C | (40,679) | (1,082,283) | (13,648) | (429,502) | |
Class C – automatic conversion to Class A Shares | (294) | (9,739) | — | — | |
Class R3 | (4,301) | (151,951) | (7,886) | (264,280) | |
Class R6 | (51,968) | (1,762,200) | (116,883) | (4,050,035) | |
Class I | (473,130) | (12,172,250) | (1,045,249) | (35,921,667) | |
(613,898) | (16,485,410) | (1,243,847) | (42,728,057) | ||
Net increase (decrease) | (60,855) | $(3,639,764) | (726,857) | $(24,739,606) |
Six Months Ended 12/31/18 | Year Ended 6/30/18 | ||||
NWQ Small-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 442,210 | $20,329,822 | 307,158 | $15,768,714 | |
Class A – automatic conversion of Class C Shares | 2,077 | 116,325 | — | — | |
Class C | 41,360 | 1,661,278 | 34,066 | 1,621,817 | |
Class R3 | 295,238 | 15,697,220 | 57,371 | 2,947,765 | |
Class R6 | 57,319 | 2,640,256 | 76,784 | 4,157,157 | |
Class I | 1,299,279 | 64,529,558 | 2,767,930 | 148,225,213 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 179,789 | 6,844,564 | 53,317 | 2,770,337 | |
Class C | 51,261 | 1,732,639 | 18,765 | 885,497 | |
Class R3 | 27,801 | 1,037,550 | 2,286 | 117,011 | |
Class R6 | 19,090 | 758,430 | 6,880 | 369,655 | |
Class I | 1,414,469 | 55,616,943 | 442,523 | 23,595,330 | |
3,829,893 | 170,964,585 | 3,767,080 | 200,458,496 | ||
Shares redeemed: | |||||
Class A | (401,475) | (18,872,934) | (552,295) | (28,949,450) | |
Class C | (109,838) | (4,894,953) | (134,949) | (6,387,679) | |
Class C – automatic conversion to Class A Shares | (2,297) | (116,325) | — | — | |
Class R3 | (313,716) | (12,962,782) | (77,507) | (4,007,282) | |
Class R6 | (40,695) | (1,981,116) | (73,078) | (3,982,936) | |
Class I | (2,280,348) | (107,412,428) | (3,611,632) | (192,032,977) | |
(3,148,369) | (146,240,538) | (4,449,461) | (235,360,324) | ||
Net increase (decrease) | 681,524 | $24,724,047 | (682,381) | $(34,901,828) |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Purchases | $38,227,982 | $23,382,676 | $9,448,122 | $10,521,694 | $10,306,867 | $239,514,902 |
Sales and maturities | 74,145,560 | 31,426,399 | 13,640,065 | 26,723,010 | 19,736,445 | 252,244,256 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Tax cost of investments | $213,238,483 | $226,182,161 | $92,054,629 | $37,319,287 | $24,517,672 | $556,881,312 |
Gross unrealized: | ||||||
Appreciation | $14,962,913 | $37,488,315 | $576,271 | $8,174,188 | $3,120,066 | $77,482,081 |
Depreciation | (25,035,279) | (32,613,671) | (19,364,136) | (3,079,100) | (2,641,844) | (86,406,678) |
Net unrealized appreciation (depreciation) of investments | $(10,072,366) | $4,874,644 | $(18,787,865) | $5,095,088 | $478,222 | $(8,924,597) |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Capital paid-in | $(69,287) | $(54,060,130) | $(69,382,409) | $1,972,983 | $9,802 | $2,682,820 |
Undistributed (Over-distribution of) net investment income | (2,325,180) | (185,958) | 97,708 | 728,102 | — | 1,827,178 |
Accumulated net realized gain (loss) | 2,394,467 | 54,246,088 | 69,284,701 | (2,701,085) | (9,802) | (4,509,998) |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Undistributed net ordinary income1 | $3,799,026 | $3,448,648 | $ — | $ — | $ — | $ — |
Undistributed net long-term capital gains | 5,488,837 | — | — | 9,983,467 | 3,944,889 | 57,006,303 |
1 | Undistributed net ordinary income (on a tax basis) for NWQ Global Equity Income has not been reduced for the dividend declared on June 29, 2018 and paid on July 2, 2018. Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Distributions from net ordinary income1 | $9,706,041 | $8,837,844 | $1,620,143 | $1,991,712 | $92,417 | $ — |
Distributions from net long-term capital gains | — | — | — | 15,907,371 | 2,900,010 | 29,144,984 |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
NWQ Global Equity Income2 | NWQ International Value | |
Not subject to expiration: | ||
Short-term | $3,637,829 | $10,995,741 |
Long-term | 240,668,205 | 202,985,844 |
Total | $244,306,034 | $213,981,585 |
2 | NWQ Global Equity Income’s capital loss carryforward is subject to significant limitations under the Internal Revenue Code and related regulations. In particular, it is expected that the Fund will only be able to annually utilize approximately $4 million of its outstanding capital loss carryforward for the next twenty years, at which point the annual limitation will further be reduced to approximately $1.2 million. |
NWQ International Value | NWQ Multi-Cap Value | |
Expired capital loss carryforwards | $54,060,130 | $70,465,124 |
NWQ Global Equity Income | NWQ Multi-Cap Value | NWQ Small/Mid-Cap Value | |
Utilized capital loss carryforwards | $4,025,903 | $30,150,671 | $838,796 |
NWQ Multi-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Post-October capital losses3 | $ — | $ — | $ — |
Late-year ordinary losses4 | 625,584 | 27,317 | 587,758 |
3 | Capital losses incurred from November 1, 2017 through June 30, 2018, the Funds' last tax year end. |
4 | Ordinary losses incurred from January 1, 2018 through June 30, 2018 and/or specified losses incurred from November 1, 2017 through June 30, 2018. |
Average Daily Net Assets | NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value |
For the first $125 million | 0.5500% | 0.5500% | 0.5500% | 0.5000% | 0.6000% | 0.6500% |
For the next $125 million | 0.5375 | 0.5375 | 0.5375 | 0.4875 | 0.5875 | 0.6375 |
For the next $250 million | 0.5250 | 0.5250 | 0.5250 | 0.4750 | 0.5750 | 0.6250 |
For the next $500 million | 0.5125 | 0.5125 | 0.5125 | 0.4625 | 0.5625 | 0.6125 |
For the next $1 billion | 0.5000 | 0.5000 | 0.5000 | 0.4500 | 0.5500 | 0.6000 |
For the next $3 billion | 0.4750 | 0.4750 | 0.4750 | 0.4250 | 0.5250 | 0.5750 |
For the next $2.5 billion | 0.4500 | 0.4500 | 0.4500 | 0.4000 | 0.5000 | 0.5500 |
For the next $2.5 billion | 0.4375 | 0.4375 | 0.4375 | 0.3875 | 0.4875 | 0.5375 |
For net assets over $10 billion | 0.4250 | 0.4250 | 0.4250 | 0.3750 | 0.4750 | 0.5250 |
Complex-Level Eligible Asset Breakpoint Level* | Effective Complex-Level Fee Rate at Breakpoint Level |
$55 billion | 0.2000% |
$56 billion | 0.1996 |
$57 billion | 0.1989 |
$60 billion | 0.1961 |
$63 billion | 0.1931 |
$66 billion | 0.1900 |
$71 billion | 0.1851 |
$76 billion | 0.1806 |
$80 billion | 0.1773 |
$91 billion | 0.1691 |
$125 billion | 0.1599 |
$200 billion | 0.1505 |
$250 billion | 0.1469 |
$300 billion | 0.1445 |
Fund | Temporary Expense Cap | Temporary Expense Cap Expiration Date | Permanent Expense Cap |
NWQ Global Equity Income | 0.90% | July 31, 2020 | N/A |
NWQ International Value | 0.94 | July 31, 2020 | N/A |
NWQ Multi-Cap Value | 0.94 | July 31, 2020 | N/A |
NWQ Large-Cap Value | 0.79 | July 31, 2020 | 1.35% |
NWQ Small/Mid-Cap Value | 1.10 | July 31, 2020 | 1.45 |
NWQ Small-Cap Value | N/A | N/A | 1.50 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Sales charges collected | $4,889 | $8,374 | $7,930 | $2,355 | $2,397 | $7,499 |
Paid to financial intermediaries | 4,398 | 7,440 | 7,141 | 2,042 | 2,079 | 6,543 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Commission advances | $1,251 | $948 | $1,083 | $816 | $1,043 | $11,747 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
12b-1 fees retained | $33,079 | $1,950 | $2,722 | $1,130 | $721 | $7,454 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
CDSC retained | $77 | $450 | $ — | $20 | $270 | $900 |
NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Class R3 Shares | 11,630 | 2,302 | 1,583 |
Class R6 Shares | — | 891 | 802 |
NWQ Global Equity Income | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | |
From net investment income: | |||
Class A Shares | $(2,798,265) | $(125,198) | $(1,679) |
Class C Shares | (986,296) | (76,275) | — |
Class R3 Shares | (27,385) | (1,705) | — |
Class R6 Shares | — | — | (21,985) |
Class I Shares | (2,117,400) | (1,788,534) | (68,753) |
Class T Shares(1) | (552) | — | — |
From accumulated net realized gains: | |||
Class A Shares | (1,165,400) | (1,241,164) | (227,707) |
Class C Shares | (642,785) | (1,086,301) | (163,839) |
Class R3 Shares | (13,343) | (15,988) | (38,756) |
Class R6 Shares | — | — | (378,365) |
Class I Shares | (767,692) | (13,563,918) | (2,091,343) |
Class T Shares(1) | (218) | — | — |
Total distributions to shareholders: | |||
Class A Shares | (3,963,665) | (1,366,362) | (229,386) |
Class C Shares | (1,629,081) | (1,162,576) | (163,839) |
Class R3 Shares | (40,728) | (17,693) | (38,756) |
Class R6 Shares | — | — | (400,350) |
Class I Shares | (2,885,092) | (15,352,452) | (2,160,096) |
Class T Shares(1) | (770) | — | — |
(1) | Class T shares were not available for public offering. |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
UNII at the end of period | $1,027,387 | $551,797 | $(694,379) | $ — | $(27,317) | $(587,758) |
Serving Investors for Generations
Item 2. Code of Ethics.
Not applicable to this filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this registrant.
Item 6. Schedule of Investments.
(a) See Portfolio of Investments in Item 1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to this registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.
Item 11. 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 Rule30a-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 Rule30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules13a-15(b) or15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (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 Rule30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
File the exhibits listed below as part of this Form.
(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.
(a)(2) 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)) in the exact form set forth below: See EX-99.CERT attached hereto.
(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable to this registrant.
(a)(4) Change in the registrant’s independent public accountant. Not applicable.
(b) If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an Exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registration specifically incorporates it by reference: See EX-99.906 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 Investment Trust
By | (Signature and Title) | /s/ Christopher M. Rohrbacher | ||||
Christopher M. Rohrbacher Vice President and Secretary |
Date: March 8, 2019
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/ Greg A. Bottjer | ||||
Greg A. Bottjer Chief Administrative Officer (principal executive officer) |
Date: March 8, 2019
By | (Signature and Title) | /s/ Stephen D. Foy | ||||
Stephen D. Foy Vice President and Controller (principal financial officer) |
Date: March 8, 2019