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)
Mark J. Czarniecki
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, 2020
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 | — | — | 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 |
Total Returns as of December 31, 2020* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 9/15/09 | 20.15% | 0.97% | 5.44% | 6.72% | 1.24% | 1.11% | ||
Class A Shares at maximum Offering Price | 9/15/09 | 13.24% | (4.84)% | 4.19% | 6.09% | - | - | ||
MSCI World Index | - | 23.00% | 15.90% | 12.19% | 9.87% | - | - | ||
MSCI World Value Index | - | 20.21% | (1.16%) | 7.15% | 6.76% | - | - | ||
Lipper Global Equity Income Funds Classification Average | - | 16.68% | 2.51% | 7.19% | 6.45% | - | - | ||
Class C Shares | 9/15/09 | 19.70% | 0.25% | 4.66% | 5.92% | 1.99% | 1.86% | ||
Class R3 Shares | 9/15/09 | 20.00% | 0.74% | 5.18% | 6.45% | 1.49% | 1.36% | ||
Class I Shares | 9/15/09 | 20.29% | 1.27% | 5.70% | 6.99% | 0.99% | 0.86% |
Total Returns as of December 31, 2020* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 12/20/99 | 24.53% | 3.65% | 4.21% | 1.88% | 1.33% | 1.15% | ||
Class A Shares at maximum Offering Price | 12/20/99 | 17.37% | (2.32)% | 2.99% | 1.27% | - | - | ||
MSCI EAFE Index | - | 21.61% | 7.82% | 7.45% | 5.51% | - | - | ||
Lipper International Multi-Cap Value Funds Classification Average | - | 22.74% | 1.30% | 4.96% | 3.53% | - | - | ||
Class C Shares | 12/20/99 | 24.08% | 2.90% | 3.43% | 1.11% | 2.08% | 1.90% | ||
Class R3 Shares | 8/4/08 | 24.36% | 3.34% | 3.94% | 1.61% | 1.58% | 1.40% | ||
Class I Shares | 12/20/99 | 24.68% | 3.91% | 4.47% | 2.13% | 1.08% | 0.90% |
Total Returns as of December 31, 2020* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 12/9/02 | 25.06% | (0.53)% | 8.38% | 6.98% | 1.30% | 1.15% | ||
Class A Shares at maximum Offering Price | 12/9/02 | 17.85% | (6.25)% | 7.10% | 6.35% | - | - | ||
Russell 3000® Value Index | - | 23.56% | 2.87% | 9.74% | 10.36% | - | - | ||
Lipper Multi-Cap Value Funds Classification Average | - | 23.69% | 2.72% | 8.91% | 9.17% | - | - | ||
Class C Shares | 12/9/02 | 24.63% | (1.26)% | 7.56% | 6.18% | 2.05% | 1.90% | ||
Class I Shares | 11/4/97 | 25.22% | (0.28)% | 8.65% | 7.25% | 1.05% | 0.90% |
Total Returns as of December 31, 2020* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 12/15/06 | 20.88% | (0.69)% | 7.19% | 6.33% | 1.40% | 1.00% | ||
Class A Shares at maximum Offering Price | 12/15/06 | 13.97% | (6.33)% | 5.93% | 5.71% | - | - | ||
Russell 1000® Value Index | - | 22.75% | 2.80% | 9.74% | 10.50% | - | - | ||
Lipper Multi-Cap Value Funds Classification Average | - | 23.69% | 2.72% | 8.91% | 9.17% | - | - | ||
Class C Shares | 12/15/06 | 20.22% | (1.66)% | 6.38% | 5.54% | 2.15% | 1.75% | ||
Class R3 Shares | 9/29/09 | 20.92% | (0.98)% | 6.93% | 6.08% | 1.65% | 1.25% | ||
Class I Shares | 12/15/06 | 21.06% | (0.45)% | 7.47% | 6.61% | 1.15% | 0.75% |
Total Returns as of December 31, 2020* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 12/15/06 | 26.74% | 0.72% | 7.14% | 7.43% | 1.85% | 1.31% | ||
Class A Shares at maximum Offering Price | 12/15/06 | 19.47% | (5.07)% | 5.88% | 6.79% | - | - | ||
Russell 2500® Value Index | - | 33.06% | 4.88% | 9.43% | 9.33% | - | - | ||
Lipper Small-Cap Core Funds Classification Average | - | 33.40% | 9.22% | 9.88% | 9.28% | - | - | ||
Class C Shares | 12/15/06 | 26.26% | (0.09)% | 6.33% | 6.63% | 2.60% | 2.06% | ||
Class R3 Shares | 9/29/09 | 26.56% | 0.45% | 6.86% | 7.15% | 2.10% | 1.56% | ||
Class I Shares | 12/15/06 | 26.87% | 0.96% | 7.40% | 7.70% | 1.60% | 1.06% |
Total Returns as of December 31, 2020* | ||||||||
Cumulative | Average Annual | Expense Ratios** | ||||||
Inception Date | 6-Month | 1-Year | Since Inception | Gross | Net | |||
Class R6 Shares | 6/30/16 | 26.91% | 1.06% | 7.95% | 1.43% | 0.88% |
Total Retuns as of December 31, 2020* | |||||||
Cumulative | Average Annual | ||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Expense Ratios | ||
Class A Shares at NAV | 12/08/04 | 29.01% | 0.20% | 6.51% | 8.82% | 1.35% | |
Class A Shares at maximum Offering Price | 12/08/04 | 21.61% | (5.56)% | 5.25% | 8.18% | - | |
Russell 2000® Value Index | - | 36.77% | 4.63% | 9.65% | 8.66% | - | |
Lipper Small-Cap Core Funds Classification Average | - | 33.40% | 9.22% | 9.88% | 9.28% | - | |
Class C Shares | 12/08/04 | 28.58% | (0.52)% | 5.71% | 8.02% | 2.10% | |
Class R3 Shares | 9/29/09 | 28.86% | (0.04)% | 6.25% | 8.56% | 1.60% | |
Class I Shares | 12/08/04 | 29.20% | 0.47% | 6.78% | 9.10% | 1.10% |
Total Returns as of December 31, 2020* | |||||||
Cumulative | Average Annual | ||||||
Inception Date | 6-Month | 1-Year | 5-Year | Since Inception | Expense Ratios | ||
Class R6 Shares | 2/15/13 | 29.40% | 0.77% | 6.98% | 8.53% | 0.91% |
Fund Allocation (% of net assets) | |
Common Stocks | 92.7% |
Convertible Preferred Securities | 4.5% |
Structured Notes | 1.9% |
Other Assets Less Liabilities | 0.9% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Samsung Electronics Co Ltd | 3.1% |
Deutsche Post AG | 3.0% |
Anthem Inc | 2.8% |
Microsoft Corp | 2.8% |
Mitsui & Co Ltd | 2.8% |
Portfolio Composition (% of net assets) | |
Banks | 9.8% |
Pharmaceuticals | 7.5% |
Insurance | 5.8% |
Software | 5.0% |
Semiconductors & Semiconductor Equipment | 4.7% |
Health Care Providers & Services | 4.2% |
Media | 4.0% |
Oil, Gas & Consumable Fuels | 3.9% |
Chemicals | 3.9% |
Food & Staples Retailing | 3.5% |
Aerospace & Defense | 3.4% |
Specialty Retail | 3.1% |
Technology Hardware, Storage & Peripherals | 3.1% |
Household Durables | 3.1% |
Air Freight & Logistics | 3.0% |
Entertainment | 2.8% |
Trading Companies & Distributors | 2.8% |
Wireless Telecommunication Services | 2.2% |
Industrial Conglomerates | 2.1% |
Electric Utilities | 2.1% |
Other 1 | 19.1% |
Other Assets Less Liabilities | 0.9% |
Net Assets | 100% |
Country Allocation2 (% of net assets) | |
United States | 51.7% |
Germany | 11.2% |
Japan | 8.4% |
United Kingdom | 7.2% |
South Korea | 5.3% |
China | 3.3% |
France | 3.0% |
Belgium | 2.4% |
Canada | 2.1% |
Netherlands | 1.6% |
Other | 2.9% |
Other Assets Less Liabilities | 0.9% |
Net Assets | 100% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. | |
2 | Includes 8.6% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.4% |
Investments Purchased with Collateral from Securities Lending | 7.3% |
Other Assets Less Liabilities | (6.2)% |
Net Assets Plus Borrowings | 100.5% |
Borrowings | (0.5)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Siemens AG | 3.4% |
Samsung Electronics Co Ltd | 3.4% |
Deutsche Post AG | 3.1% |
Taylor Wimpey PLC | 2.7% |
ING Groep NV | 2.7% |
Portfolio Composition (% of net assets) | |
Insurance | 8.3% |
Pharmaceuticals | 8.0% |
Banks | 6.9% |
Semiconductors & Semiconductor Equipment | 5.6% |
Technology Hardware, Storage & Peripherals | 4.9% |
Food & Staples Retailing | 4.8% |
Household Durables | 4.3% |
Professional Services | 3.8% |
Automobiles | 3.7% |
Industrial Conglomerates | 3.4% |
Air Freight & Logistics | 3.2% |
Specialty Retail | 2.7% |
Chemicals | 2.6% |
Wireless Telecommunication Services | 2.5% |
Media | 2.5% |
Health Care Providers & Services | 2.4% |
Interactive Media & Services | 2.3% |
Electrical Equipment | 2.2% |
Capital Markets | 2.0% |
Diversified Financial Services | 1.9% |
Oil, Gas & Consumable Fuels | 1.9% |
Other 1 | 19.0% |
Investments Purchased with Collateral from Securities Lending | 7.3% |
Other Assets Less Liabilities | (6.2)% |
Net Assets | 100% |
Country Allocation2 (% of net assets) | |
Japan | 24.1% |
Germany | 16.1% |
United States | 10.3% |
United Kingdom | 10.0% |
South Korea | 8.0% |
France | 7.8% |
Netherlands | 6.1% |
Switzerland | 5.5% |
Belgium | 4.3% |
China | 3.9% |
Other | 10.1% |
Other Assets Less Liabilities | (6.2)% |
Net Assets | 100% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. | |
2 | Includes 14.6% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.5% |
Other Assets Less Liabilities | 1.0% |
Net Assets Plus Borrowings | 100.5% |
Borrowings | (0.5)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 8.6% |
Software | 7.3% |
Capital Markets | 6.1% |
Insurance | 6.0% |
Chemicals | 4.6% |
Oil, Gas & Consumable Fuels | 4.5% |
Electrical Equipment | 4.2% |
Pharmaceuticals | 4.0% |
Specialty Retail | 3.9% |
Food & Staples Retailing | 3.8% |
IT Services | 3.7% |
Aerospace & Defense | 3.2% |
Electric Utilities | 3.1% |
Equity Real Estate Investment Trust | 2.7% |
Automobiles | 2.7% |
Semiconductors & Semiconductor Equipment | 2.4% |
Communications Equipment | 2.4% |
Interactive Media & Services | 2.4% |
Media | 2.2% |
Machinery | 2.2% |
Other 1 | 20.0% |
Borrowings | (0.5)% |
Other Assets Less Liabilities | 0.5% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Citigroup Inc | 3.4% |
nVent Electric PLC | 3.3% |
Oracle Corp | 3.2% |
DuPont de Nemours Inc | 2.9% |
JPMorgan Chase & Co | 2.7% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.5% |
Other Assets Less Liabilities | 0.5% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 8.1% |
Insurance | 6.9% |
Pharmaceuticals | 6.7% |
Electric Utilities | 6.0% |
Software | 5.7% |
Electrical Equipment | 5.0% |
Oil, Gas & Consumable Fuels | 4.7% |
Health Care Providers & Services | 4.6% |
IT Services | 4.4% |
Chemicals | 4.3% |
Aerospace & Defense | 4.1% |
Capital Markets | 3.0% |
Automobiles | 2.8% |
Beverages | 2.7% |
Food & Staples Retailing | 2.4% |
Media | 2.3% |
Health Care Equipment & Supplies | 2.2% |
Communications Equipment | 2.0% |
Interactive Media & Services | 2.0% |
Other 1 | 19.6% |
Other Assets Less Liabilities | 0.5% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Oracle Corp | 3.4% |
Citigroup Inc | 3.4% |
DuPont de Nemours Inc | 3.1% |
JPMorgan Chase & Co | 3.1% |
General Motors Co | 2.8% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 97.3% |
Repurchase Agreements | 3.2% |
Other Assets Less Liabilities | (0.5)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 12.4% |
Insurance | 7.2% |
Electrical Equipment | 6.9% |
Equity Real Estate Investment Trust | 6.1% |
Machinery | 4.6% |
Specialty Retail | 4.5% |
Semiconductors & Semiconductor Equipment | 4.5% |
Metals & Mining | 3.8% |
Household Durables | 3.7% |
Life Sciences Tools & Services | 3.0% |
Capital Markets | 3.0% |
Biotechnology | 2.8% |
Communications Equipment | 2.8% |
Interactive Media & Services | 2.7% |
Chemicals | 2.7% |
Electric Utilities | 2.6% |
Auto Components | 2.4% |
Electronic Equipment, Instruments & Components | 2.2% |
Other 1 | 19.4% |
Repurchase Agreements | 3.2% |
Other Assets Less Liabilities | (0.5)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Western Alliance Bancorp | 3.4% |
Ameris Bancorp | 3.2% |
nVent Electric PLC | 3.2% |
American Eagle Outfitters Inc | 3.0% |
Axis Capital Holdings Ltd | 2.7% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.0% |
Repurchase Agreements | 1.8% |
Other Assets Less Liabilities | (0.8)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 14.8% |
Machinery | 6.7% |
Equity Real Estate Investment Trust | 6.3% |
Thrifts & Mortgage Finance | 5.7% |
Electrical Equipment | 5.6% |
Semiconductors & Semiconductor Equipment | 5.2% |
Electronic Equipment, Instruments & Components | 3.8% |
Capital Markets | 3.6% |
Software | 3.5% |
Metals & Mining | 3.5% |
Insurance | 3.2% |
Biotechnology | 3.0% |
Specialty Retail | 3.0% |
Interactive Media & Services | 2.7% |
Hotels, Restaurants & Leisure | 2.6% |
Food Products | 2.3% |
Electric Utilities | 2.3% |
Household Durables | 2.3% |
Other 1 | 18.9% |
Repurchase Agreements | 1.8% |
Other Assets Less Liabilities | (0.8)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Ameris Bancorp | 3.6% |
Western Alliance Bancorp | 3.4% |
Rambus Inc | 3.2% |
nVent Electric PLC | 3.1% |
American Eagle Outfitters Inc | 3.0% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
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 | $1,201.53 | $1,197.05 | $1,199.96 | $1,202.91 |
Expenses Incurred During the Period | $ 6.16 | $ 10.30 | $ 7.54 | $ 4.78 |
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 | $1,245.29 | $1,240.78 | $1,243.59 | $1,246.82 |
Expenses Incurred During the Period | $ 6.51 | $ 10.73 | $ 7.92 | $ 5.10 |
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 I | |
Actual Performance | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,250.64 | $1,246.32 | $1,252.18 |
Expenses Incurred During the Period | $ 6.52 | $ 10.70 | $ 5.11 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.41 | $1,015.68 | $1,020.67 |
Expenses Incurred During the Period | $ 5.85 | $ 9.60 | $ 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 | $1,208.76 | $1,202.22 | $1,209.15 | $1,210.58 |
Expenses Incurred During the Period | $ 5.57 | $ 9.71 | $ 6.96 | $ 4.18 |
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 | $1,267.45 | $1,262.58 | $1,265.61 | $1,269.15 | $1,268.70 |
Expenses Incurred During the Period | $ 7.49 | $ 11.75 | $ 8.91 | $ 5.89 | $ 6.06 |
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 | $1,020.01 | $1,019.86 |
Expenses Incurred During the Period | $ 6.67 | $ 10.46 | $ 7.93 | $ 5.24 | $ 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 | $1,290.13 | $1,285.76 | $1,288.58 | $1,293.96 | $1,292.03 |
Expenses Incurred During the Period | $ 9.00 | $ 13.37 | $ 10.50 | $ 5.78 | $ 7.63 |
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 | $1,017.34 | $1,013.51 | $1,016.03 | $1,020.16 | $1,018.55 |
Expenses Incurred During the Period | $ 7.93 | $ 11.77 | $ 9.25 | $ 5.09 | $ 6.72 |
Shares | Description (1) | Value | ||||||
LONG-TERM INVESTMENTS – 99.1% | ||||||||
COMMON STOCKS – 92.7% | ||||||||
Aerospace & Defense – 3.4% | ||||||||
20,678 | General Dynamics Corp | $3,077,300 | ||||||
22,815 | Thales SA, (2) | 2,087,406 | ||||||
Total Aerospace & Defense | 5,164,706 | |||||||
Air Freight & Logistics – 3.0% | ||||||||
92,611 | Deutsche Post AG, (2) | 4,587,556 | ||||||
Automobiles – 1.4% | ||||||||
52,099 | General Motors Co | 2,169,402 | ||||||
Banks – 9.8% | ||||||||
75,295 | Bank of America Corp | 2,282,191 | ||||||
66,722 | Citigroup Inc | 4,114,079 | ||||||
262,690 | ING Groep NV, (2) | 2,442,449 | ||||||
29,158 | JPMorgan Chase & Co | 3,705,107 | ||||||
293,520 | Oversea-Chinese Banking Corp Ltd, (2) | 2,236,766 | ||||||
Total Banks | 14,780,592 | |||||||
Capital Markets – 1.5% | ||||||||
13,357 | Deutsche Boerse AG, (2) | 2,274,327 | ||||||
Chemicals – 3.9% | ||||||||
39,099 | DuPont de Nemours Inc | 2,780,330 | ||||||
65,690 | Nutrien Ltd | 3,160,386 | ||||||
Total Chemicals | 5,940,716 | |||||||
Communications Equipment – 1.6% | ||||||||
53,888 | Cisco Systems Inc | 2,411,488 | ||||||
Construction & Engineering – 1.6% | ||||||||
58,353 | Bouygues SA, (2) | 2,399,940 | ||||||
Electric Utilities – 1.0% | ||||||||
26,537 | Evergy Inc | 1,473,069 | ||||||
Electrical Equipment – 1.6% | ||||||||
20,414 | Eaton Corp PLC | 2,452,538 | ||||||
Entertainment – 2.0% | ||||||||
4,740 | Nintendo Co Ltd, (2) | 3,042,801 |
Shares | Description (1) | Value | ||||||
Food & Staples Retailing – 3.5% | ||||||||
90,530 | Seven & i Holdings Co Ltd, (2) | $3,205,719 | ||||||
14,988 | Walmart Inc | 2,160,520 | ||||||
Total Food & Staples Retailing | 5,366,239 | |||||||
Food Products – 1.5% | ||||||||
1,308,074 | Tingyi Cayman Islands Holding Corp, (2) | 2,237,473 | ||||||
Health Care Equipment & Supplies – 1.5% | ||||||||
18,977 | Medtronic PLC | 2,222,966 | ||||||
Health Care Providers & Services – 4.2% | ||||||||
13,288 | Anthem Inc | 4,266,644 | ||||||
24,888 | Fresenius Medical Care AG & Co KGaA, (2) | 2,075,345 | ||||||
Total Health Care Providers & Services | 6,341,989 | |||||||
Hotels, Restaurants & Leisure – 1.6% | ||||||||
20,118 | Darden Restaurants Inc | 2,396,456 | ||||||
Household Durables – 3.1% | ||||||||
49,592 | PulteGroup Inc | 2,138,407 | ||||||
1,135,409 | Taylor Wimpey PLC, (2) | 2,568,250 | ||||||
Total Household Durables | 4,706,657 | |||||||
Industrial Conglomerates – 2.1% | ||||||||
21,884 | Siemens AG, (2) | 3,152,311 | ||||||
Insurance – 5.8% | ||||||||
67,728 | Ageas SA/NV, (2) | 3,596,838 | ||||||
11,474 | Allianz SE, (2) | 2,818,850 | ||||||
10,110 | Everest Re Group Ltd | 2,366,650 | ||||||
Total Insurance | 8,782,338 | |||||||
IT Services – 1.5% | ||||||||
31,045 | Amdocs Ltd | 2,202,022 | ||||||
Media – 4.0% | ||||||||
69,952 | Comcast Corp | 3,665,485 | ||||||
167,800 | Hakuhodo DY Holdings Inc, (2) | 2,305,706 | ||||||
Total Media | 5,971,191 | |||||||
Multi-Utilities – 1.5% | ||||||||
192,270 | National Grid PLC, (2) | 2,272,137 | ||||||
Oil, Gas & Consumable Fuels – 3.9% | ||||||||
26,257 | Chevron Corp | 2,217,404 | ||||||
191,331 | Enterprise Products Partners LP | 3,748,174 | ||||||
Total Oil, Gas & Consumable Fuels | 5,965,578 |
Shares | Description (1) | Value | ||||||
Pharmaceuticals – 7.5% | ||||||||
38,147 | AstraZeneca PLC, Sponsored ADR | $1,906,969 | ||||||
51,625 | Bristol-Myers Squibb Co | 3,202,299 | ||||||
226,813 | GlaxoSmithKline PLC, (2) | 4,150,215 | ||||||
5,868 | Roche Holding AG, (2) | 2,043,815 | ||||||
Total Pharmaceuticals | 11,303,298 | |||||||
Semiconductors & Semiconductor Equipment – 2.7% | ||||||||
4,564 | Broadcom Inc | 1,998,347 | ||||||
54,091 | Infineon Technologies AG, (2) | 2,065,660 | ||||||
Total Semiconductors & Semiconductor Equipment | 4,064,007 | |||||||
Software – 5.0% | ||||||||
18,745 | Microsoft Corp | 4,169,263 | ||||||
51,484 | Oracle Corp | 3,330,500 | ||||||
Total Software | 7,499,763 | |||||||
Specialty Retail – 3.1% | ||||||||
12,684 | Lowe's Cos Inc | 2,035,909 | ||||||
1,804,000 | Topsports International Holdings Ltd, 144A, (2) | 2,701,608 | ||||||
Total Specialty Retail | 4,737,517 | |||||||
Technology Hardware, Storage & Peripherals – 3.1% | ||||||||
69,668 | Samsung Electronics Co Ltd, (2) | 4,726,064 | ||||||
Tobacco – 1.3% | ||||||||
22,904 | Philip Morris International Inc | 1,896,222 | ||||||
Trading Companies & Distributors – 2.8% | ||||||||
227,300 | Mitsui & Co Ltd, (2) | 4,167,384 | ||||||
Wireless Telecommunication Services – 2.2% | ||||||||
136,095 | SK Telecom Co Ltd, Sponsored ADR | 3,331,606 | ||||||
Total Common Stocks (cost $109,274,865) | 140,040,353 |
Shares | Description (1) | Coupon | Ratings (3) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 4.5% | ||||||||
Health Care Technology – 1.2% | ||||||||
29,180 | Change Healthcare Inc | 6.000% | N/R | $ 1,869,271 | ||||
Life Sciences Tools & Services – 1.3% | ||||||||
21,450 | Avantor Inc | 6.250% | N/R | 1,907,119 | ||||
�� | Semiconductors & Semiconductor Equipment – 2.0% | |||||||
2,100 | Broadcom Inc | 8.000% | N/R | 2,987,187 | ||||
Total Convertible Preferred Securities (cost $5,445,003) | 6,763,577 |
Shares | Description (1) | Coupon | Issue Price | Cap Price | Maturity | Value | ||
STRUCTURED NOTES – 1.9% | ||||||||
8,407 | Citigroup Global Markets Holdings Inc., Mandatory Buy-Write Note, Linked to Common Stock of VMWare Inc. (Cap 116.24% of Issue Price), 144A | 10.000% | $144.1064 | $167.5093 | 1/22/21 | $1,189,254 | ||
29,730 | Merrill Lynch International & Co. C.V., Mandatory Exchangeable Note Structured Warrant, Linked to Common Stock of Evergy Inc. (Cap 117.80% of Issue Price), 144A | 10.000% | $51.8254 | $61.0503 | 3/08/21 | 1,652,251 | ||
Total Structured Notes (cost $2,752,272) | 2,841,505 | |||||||
Total Long-Term Investments (cost $117,472,140) | 149,645,435 | |||||||
Other Assets Less Liabilities – 0.9% | 1,395,841 | |||||||
Net Assets – 100% | $ 151,041,276 |
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 3 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | 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. | |
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 – 99.4% | ||||||
COMMON STOCKS – 99.4% | ||||||
Aerospace & Defense – 1.5% | ||||||
20,138 | Thales SA, (2) | $ 1,842,480 | ||||
Air Freight & Logistics – 3.2% | ||||||
78,007 | Deutsche Post AG, (2) | 3,864,136 | ||||
Airlines – 1.8% | ||||||
115,900 | Japan Airlines Co Ltd, (2) | 2,235,052 | ||||
Automobiles – 3.7% | ||||||
21,226 | Hyundai Motor Co, (2), (3) | 1,733,910 | ||||
18,200 | Toyota Motor Corp, Sponsored ADR, (4) | 2,813,174 | ||||
Total Automobiles | 4,547,084 | |||||
Banks – 6.9% | ||||||
352,708 | ING Groep NV, (2) | 3,279,422 | ||||
161,529 | Oversea-Chinese Banking Corp Ltd, (2) | 1,230,930 | ||||
77,500 | Sumitomo Mitsui Trust Holdings Inc, (2) | 2,391,239 | ||||
1,812,912 | Unicaja Banco SA,144A, (2), (4) | 1,592,977 | ||||
Total Banks | 8,494,568 | |||||
Capital Markets – 2.0% | ||||||
175,564 | UBS Group AG | 2,480,719 | ||||
Chemicals – 2.6% | ||||||
6,963 | Kumho Petrochemical Co Ltd, (2), (3) | 931,589 | ||||
47,226 | Nutrien Ltd, (4) | 2,272,072 | ||||
Total Chemicals | 3,203,661 | |||||
Commercial Services & Supplies – 1.1% | ||||||
74,000 | Dai Nippon Printing Co Ltd, (2) | 1,331,085 | ||||
Construction & Engineering – 1.3% | ||||||
38,253 | Bouygues SA, (2) | 1,573,268 | ||||
Diversified Financial Services – 1.9% | ||||||
23,028 | Groupe Bruxelles Lambert SA, (2) | 2,321,085 | ||||
Diversified Telecommunication Services – 1.5% | ||||||
71,163 | Nippon Telegraph & Telephone Corp, Sponsored ADR, (2) | 1,828,889 | ||||
Electrical Equipment – 2.2% | ||||||
62,331 | Mabuchi Motor Co Ltd, (2), (4) | 2,718,842 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 1.5% | ||||||
103,866 | Flex Ltd, (3) | $ 1,867,511 | ||||
Food & Staples Retailing – 4.8% | ||||||
79,200 | Seven & i Holdings Co Ltd, (2) | 2,804,517 | ||||
969,772 | Tesco PLC, (2) | 3,060,374 | ||||
Total Food & Staples Retailing | 5,864,891 | |||||
Health Care Providers & Services – 2.4% | ||||||
35,126 | Fresenius Medical Care AG & Co KGaA, (2) | 2,929,064 | ||||
Hotels, Restaurants & Leisure – 1.3% | ||||||
354,400 | Sands China Ltd, (2) | 1,547,806 | ||||
Household Durables – 4.3% | ||||||
95,000 | Sekisui House Ltd, (2) | 1,935,321 | ||||
1,462,539 | Taylor Wimpey PLC, (2) | 3,308,204 | ||||
Total Household Durables | 5,243,525 | |||||
Household Products – 1.0% | ||||||
10,823 | Henkel AG & Co KGaA, (2) | 1,220,342 | ||||
Industrial Conglomerates – 3.4% | ||||||
28,875 | Siemens AG, (2) | 4,159,340 | ||||
Insurance – 8.3% | ||||||
55,262 | Ageas SA/NV, (2) | 2,934,805 | ||||
8,752 | Allianz SE, (2) | 2,150,129 | ||||
48,710 | Axis Capital Holdings Ltd | 2,454,497 | ||||
87,900 | MS&AD Insurance Group Holdings Inc, (2) | 2,674,360 | ||||
Total Insurance | 10,213,791 | |||||
Interactive Media & Services – 2.3% | ||||||
13,241 | Baidu Inc, Sponsored ADR, (3) | 2,863,234 | ||||
Machinery – 1.6% | ||||||
71,700 | Komatsu Ltd, (2) | 1,978,796 | ||||
Media – 2.5% | ||||||
60,305 | Publicis Groupe SA, (2) | 2,997,239 | ||||
Metals & Mining – 1.7% | ||||||
80,589 | BHP Group PLC, (2) | 2,127,903 | ||||
Multi-Utilities – 1.3% | ||||||
137,178 | National Grid PLC, (2) | 1,621,092 | ||||
Oil, Gas & Consumable Fuels – 1.9% | ||||||
67,877 | Royal Dutch Shell PLC, Sponsored ADR | 2,281,346 |
Shares | Description (1) | Value | ||||
Pharmaceuticals – 8.0% | ||||||
33,202 | Bayer AG, (2) | $1,955,968 | ||||
151,380 | GlaxoSmithKline PLC, (2) | 2,769,945 | ||||
31,761 | Sanofi, (2) | 3,078,372 | ||||
54,100 | Takeda Pharmaceutical Co Ltd, (2) | 1,957,844 | ||||
Total Pharmaceuticals | 9,762,129 | |||||
Professional Services – 3.8% | ||||||
41,159 | Adecco Group AG, (2) | 2,741,327 | ||||
22,389 | Wolters Kluwer NV | 1,888,895 | ||||
Total Professional Services | 4,630,222 | |||||
Real Estate Management & Development – 1.5% | ||||||
297,570 | City Developments Ltd, (2) | 1,793,797 | ||||
Semiconductors & Semiconductor Equipment – 5.6% | ||||||
113,967 | Aixtron AG, (2), (3) | 1,981,856 | ||||
66,000 | MediaTek Inc, (2) | 1,760,040 | ||||
31,700 | Rohm Co Ltd, (2) | 3,073,020 | ||||
Total Semiconductors & Semiconductor Equipment | 6,814,916 | |||||
Software – 1.2% | ||||||
11,412 | SAP SE, (2) | 1,478,067 | ||||
Specialty Retail – 2.7% | ||||||
394,398 | Kingfisher PLC, (2), (3) | 1,457,356 | ||||
1,245,000 | Topsports International Holdings Ltd,144A, (2) | 1,864,469 | ||||
Total Specialty Retail | 3,321,825 | |||||
Technology Hardware, Storage & Peripherals – 4.9% | ||||||
34,200 | FUJIFILM Holdings Corp, (2) | 1,804,118 | ||||
61,098 | Samsung Electronics Co Ltd, (2) | 4,144,701 | ||||
Total Technology Hardware, Storage & Peripherals | 5,948,819 | |||||
Textiles, Apparel & Luxury Goods – 1.2% | ||||||
16,548 | Cie Financiere Richemont SA, (2) | 1,494,979 | ||||
Wireless Telecommunication Services – 2.5% | ||||||
124,341 | SK Telecom Co Ltd, Sponsored ADR | 3,043,868 | ||||
Total Long-Term Investments (cost $85,086,794) | 121,645,371 |
Shares | Description | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 7.3% | ||||||
MONEY MARKET FUNDS – 7.3% | ||||||
8,908,748 | State Street Navigator Securities Lending Government Money Market Portfolio, (5) | 0.080% (6) | $ 8,908,748 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $8,908,748) | 8,908,748 | |||||
Total Investments (cost $93,995,542) – 106.7% | 130,554,119 | |||||
Borrowings – (0.5)% | (620,002) | |||||
Other Assets Less Liabilities – (6.2)% | (7,597,460) | |||||
Net Assets – 100% | $ 122,336,657 |
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 unless otherwise noted. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(4) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $8,563,377. | |
(5) | The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives for more information. | |
(6) | The rate shown is the one-day yield as of the end of the reporting period. | |
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 – 99.5% | ||||||
COMMON STOCKS – 99.5% | ||||||
Aerospace & Defense – 3.2% | ||||||
8,849 | General Dynamics Corp | $1,316,908 | ||||
18,255 | Parsons Corp, (2) | 664,665 | ||||
Total Aerospace & Defense | 1,981,573 | |||||
Automobiles – 2.7% | ||||||
40,215 | General Motors Co | 1,674,553 | ||||
Banks – 8.6% | ||||||
26,555 | Bank of NT Butterfield & Son Ltd/The | 827,454 | ||||
34,430 | Citigroup Inc | 2,122,954 | ||||
57,160 | First Horizon Corp | 729,361 | ||||
13,384 | JPMorgan Chase & Co | 1,700,705 | ||||
Total Banks | 5,380,474 | |||||
Capital Markets – 6.1% | ||||||
29,943 | B Riley Financial Inc | 1,324,079 | ||||
31,664 | Cowen Inc | 822,947 | ||||
11,164 | Morgan Stanley | 765,069 | ||||
12,302 | State Street Corp | 895,340 | ||||
Total Capital Markets | 3,807,435 | |||||
Chemicals – 4.6% | ||||||
25,307 | DuPont de Nemours Inc | 1,799,581 | ||||
11,975 | Innospec Inc | 1,086,492 | ||||
Total Chemicals | 2,886,073 | |||||
Communications Equipment – 2.4% | ||||||
46,021 | ViaSat Inc, (2) | 1,502,586 | ||||
Consumer Finance – 1.8% | ||||||
12,493 | Discover Financial Services | 1,130,991 | ||||
Electric Utilities – 3.1% | ||||||
16,756 | Alliant Energy Corp | 863,437 | ||||
13,623 | Pinnacle West Capital Corp | 1,089,159 | ||||
Total Electric Utilities | 1,952,596 | |||||
Electrical Equipment – 4.2% | ||||||
3,796 | Hubbell Inc | 595,175 | ||||
87,384 | nVent Electric PLC | 2,035,173 | ||||
Total Electrical Equipment | 2,630,348 |
Shares | Description (1) | Value | ||||
Entertainment – 1.7% | ||||||
11,289 | Activision Blizzard Inc | $ 1,048,184 | ||||
Equity Real Estate Investment Trust – 2.7% | ||||||
24,663 | Healthcare Realty Trust Inc | 730,025 | ||||
30,290 | STAG Industrial Inc | 948,683 | ||||
Total Equity Real Estate Investment Trust | 1,678,708 | |||||
Food & Staples Retailing – 3.8% | ||||||
47,670 | Sprouts Farmers Market Inc, (2) | 958,167 | ||||
9,683 | Walmart Inc | 1,395,804 | ||||
Total Food & Staples Retailing | 2,353,971 | |||||
Food Products – 1.7% | ||||||
16,978 | Tyson Foods Inc | 1,094,062 | ||||
Gas Utilities – 1.2% | ||||||
18,732 | National Fuel Gas Co | 770,447 | ||||
Health Care Equipment & Supplies – 1.5% | ||||||
8,123 | Medtronic PLC | 951,528 | ||||
Health Care Providers & Services – 2.2% | ||||||
4,306 | Anthem Inc | 1,382,614 | ||||
Health Care Technology – 1.9% | ||||||
62,957 | Change Healthcare Inc, (2) | 1,174,148 | ||||
Household Durables – 1.5% | ||||||
22,107 | PulteGroup Inc | 953,254 | ||||
Insurance – 6.0% | ||||||
4,700 | Aon PLC | 992,969 | ||||
9,617 | Globe Life Inc | 913,230 | ||||
18,700 | Loews Corp | 841,874 | ||||
5,962 | RenaissanceRe Holdings Ltd | 988,619 | ||||
Total Insurance | 3,736,692 | |||||
Interactive Media & Services – 2.4% | ||||||
51,444 | TripAdvisor Inc, (2) | 1,480,558 | ||||
Internet Software & Services – 1.5% | ||||||
28,311 | Yelp, Inc, (2) | 924,920 | ||||
IT Services – 3.7% | ||||||
15,011 | Amdocs Ltd | 1,064,730 | ||||
10,941 | Fiserv Inc, (2) | 1,245,742 | ||||
Total IT Services | 2,310,472 |
Shares | Description (1) | Value | ||||
Life Sciences Tools & Services – 1.9% | ||||||
923 | Bio-Rad Laboratories Inc, (2) | $538,054 | ||||
9,624 | Syneos Health Inc, (2) | 655,683 | ||||
Total Life Sciences Tools & Services | 1,193,737 | |||||
Machinery – 2.2% | ||||||
17,800 | Terex Corp | 621,042 | ||||
29,606 | Trinity Industries Inc | 781,302 | ||||
Total Machinery | 1,402,344 | |||||
Media – 2.2% | ||||||
26,936 | Comcast Corp | 1,411,446 | ||||
Oil, Gas & Consumable Fuels – 4.5% | ||||||
11,646 | Cheniere Energy Inc, (2) | 699,110 | ||||
11,036 | Chevron Corp | 931,990 | ||||
22,603 | Hess Corp | 1,193,212 | ||||
Total Oil, Gas & Consumable Fuels | 2,824,312 | |||||
Pharmaceuticals – 4.0% | ||||||
16,661 | Bristol-Myers Squibb Co | 1,033,482 | ||||
40,886 | GlaxoSmithKline PLC, Sponsored ADR | 1,504,605 | ||||
Total Pharmaceuticals | 2,538,087 | |||||
Semiconductors & Semiconductor Equipment – 2.4% | ||||||
86,545 | Rambus Inc, (2) | 1,511,076 | ||||
Software – 7.3% | ||||||
57,969 | NortonLifeLock Inc | 1,204,596 | ||||
31,376 | Oracle Corp | 2,029,713 | ||||
59,016 | Teradata Corp, (2) | 1,326,090 | ||||
Total Software | 4,560,399 | |||||
Specialty Retail – 3.9% | ||||||
6,925 | Advance Auto Parts Inc | 1,090,757 | ||||
68,130 | American Eagle Outfitters Inc | 1,367,369 | ||||
Total Specialty Retail | 2,458,126 | |||||
Technology Hardware, Storage & Peripherals – 1.4% | ||||||
14,582 | Seagate Technology PLC | 906,417 | ||||
Wireless Telecommunication Services – 1.2% | ||||||
5,813 | T-Mobile US Inc, (2) | 783,883 | ||||
Total Long-Term Investments (cost $55,186,212) | 62,396,014 | |||||
Borrowings – (0.5)% | (331,341) | |||||
Other Assets Less Liabilities – 1.0% | 637,675 | |||||
Net Assets – 100% | $ 62,702,348 |
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 unless otherwise noted. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.5% | ||||||
COMMON STOCKS – 99.5% | ||||||
Aerospace & Defense – 4.1% | ||||||
2,813 | General Dynamics Corp | $418,631 | ||||
4,730 | Raytheon Technologies Corp | 338,242 | ||||
Total Aerospace & Defense | 756,873 | |||||
Automobiles – 2.8% | ||||||
12,258 | General Motors Co | 510,423 | ||||
Banks – 8.1% | ||||||
10,116 | Citigroup Inc | 623,753 | ||||
23,308 | First Horizon Corp | 297,410 | ||||
4,365 | JPMorgan Chase & Co | 554,660 | ||||
Total Banks | 1,475,823 | |||||
Beverages – 2.7% | ||||||
8,879 | Coca-Cola Co/The | 486,924 | ||||
Building Products – 1.0% | ||||||
1,255 | Trane Technologies PLC | 182,176 | ||||
Capital Markets – 3.0% | ||||||
3,977 | Morgan Stanley | 272,544 | ||||
3,832 | State Street Corp | 278,893 | ||||
Total Capital Markets | 551,437 | |||||
Chemicals – 4.3% | ||||||
8,039 | DuPont de Nemours Inc | 571,653 | ||||
4,580 | Nutrien Ltd | 220,573 | ||||
Total Chemicals | 792,226 | |||||
Communications Equipment – 2.0% | ||||||
11,060 | ViaSat Inc, (2) | 361,109 | ||||
Consumer Finance – 1.9% | ||||||
3,776 | Discover Financial Services | 341,841 | ||||
Electric Utilities – 6.0% | ||||||
4,939 | Alliant Energy Corp | 254,507 | ||||
1,820 | Entergy Corp | 181,709 | ||||
5,975 | Evergy Inc | 331,672 | ||||
4,015 | Pinnacle West Capital Corp | 320,999 | ||||
Total Electric Utilities | 1,088,887 |
Shares | Description (1) | Value | ||||
Electrical Equipment – 5.0% | ||||||
2,562 | Eaton Corp PLC | $307,798 | ||||
1,205 | Hubbell Inc | 188,932 | ||||
17,693 | nVent Electric PLC | 412,070 | ||||
Total Electrical Equipment | 908,800 | |||||
Entertainment – 1.7% | ||||||
3,260 | Activision Blizzard Inc | 302,691 | ||||
Equity Real Estate Investment Trust – 1.5% | ||||||
1,563 | Alexandria Real Estate Equities Inc | 278,558 | ||||
Food & Staples Retailing – 2.4% | ||||||
3,033 | Walmart Inc | 437,207 | ||||
Food Products – 1.8% | ||||||
5,165 | Tyson Foods Inc | 332,833 | ||||
Health Care Equipment & Supplies – 2.2% | ||||||
3,441 | Medtronic PLC | 403,079 | ||||
Health Care Providers & Services – 4.6% | ||||||
1,377 | Anthem Inc | 442,141 | ||||
3,299 | Quest Diagnostics Inc | 393,142 | ||||
Total Health Care Providers & Services | 835,283 | |||||
Hotels, Restaurants & Leisure – 1.7% | ||||||
5,118 | Las Vegas Sands Corp | 305,033 | ||||
Household Durables – 1.5% | ||||||
6,506 | PulteGroup Inc | 280,539 | ||||
Insurance – 6.9% | ||||||
5,488 | American International Group Inc | 207,776 | ||||
1,424 | Aon PLC | 300,848 | ||||
810 | Everest Re Group Ltd | 189,613 | ||||
3,218 | Globe Life Inc | 305,581 | ||||
5,882 | Loews Corp | 264,808 | ||||
Total Insurance | 1,268,626 | |||||
Interactive Media & Services – 2.0% | ||||||
205 | Alphabet Inc, (2) | 359,291 | ||||
IT Services – 4.4% | ||||||
4,249 | Amdocs Ltd | 301,381 | ||||
4,352 | Fiserv Inc, (2) | 495,519 | ||||
Total IT Services | 796,900 |
Shares | Description (1) | Value | ||||
Machinery – 1.2% | ||||||
8,661 | Trinity Industries Inc | $ 228,564 | ||||
Media – 2.3% | ||||||
8,074 | Comcast Corp | 423,078 | ||||
Metals & Mining – 1.7% | ||||||
5,962 | BHP Group PLC, Sponsored ADR | 316,165 | ||||
Oil, Gas & Consumable Fuels – 4.7% | ||||||
3,367 | Cheniere Energy Inc, (2) | 202,121 | ||||
3,459 | Chevron Corp | 292,113 | ||||
6,775 | Hess Corp | 357,652 | ||||
Total Oil, Gas & Consumable Fuels | 851,886 | |||||
Pharmaceuticals – 6.7% | ||||||
6,768 | Bristol-Myers Squibb Co | 419,819 | ||||
12,691 | GlaxoSmithKline PLC, Sponsored ADR | 467,029 | ||||
18,790 | Takeda Pharmaceutical Co Ltd, Sponsored ADR | 341,978 | ||||
Total Pharmaceuticals | 1,228,826 | |||||
Semiconductors & Semiconductor Equipment – 1.0% | ||||||
413 | Broadcom Inc | 180,832 | ||||
Software – 5.7% | ||||||
19,686 | NortonLifeLock Inc | 409,075 | ||||
9,663 | Oracle Corp | 625,099 | ||||
Total Software | 1,034,174 | |||||
Specialty Retail – 1.8% | ||||||
2,110 | Advance Auto Parts Inc | 332,346 | ||||
Technology Hardware, Storage & Peripherals – 1.5% | ||||||
4,423 | Seagate Technology PLC | 274,934 | ||||
Wireless Telecommunication Services – 1.3% | ||||||
1,837 | T-Mobile US Inc, (2) | 247,719 | ||||
Total Long-Term Investments (cost $13,672,711) | 18,175,083 | |||||
Other Assets Less Liabilities – 0.5% | 91,093 | |||||
Net Assets – 100% | $ 18,266,176 |
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 an ex-dividend date within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.3% | ||||||
COMMON STOCKS – 97.3% | ||||||
Aerospace & Defense – 1.6% | ||||||
12,244 | Parsons Corp, (2) | $ 445,804 | ||||
Auto Components – 2.4% | ||||||
17,769 | BorgWarner Inc | 686,594 | ||||
Banks – 12.4% | ||||||
23,480 | Ameris Bancorp | 893,884 | ||||
19,520 | Bank of NT Butterfield & Son Ltd/The | 608,243 | ||||
48,999 | First Horizon Corp | 625,227 | ||||
15,244 | PacWest Bancorp | 387,198 | ||||
16,189 | Western Alliance Bancorp | 970,530 | ||||
Total Banks | 3,485,082 | |||||
Biotechnology – 2.8% | ||||||
21,699 | Coherus Biosciences Inc, (2) | 377,128 | ||||
2,744 | United Therapeutics Corp, (2) | 416,512 | ||||
Total Biotechnology | 793,640 | |||||
Capital Markets – 3.0% | ||||||
15,896 | Cowen Inc | 413,137 | ||||
3,810 | Evercore Inc | 417,729 | ||||
Total Capital Markets | 830,866 | |||||
Chemicals – 2.7% | ||||||
10,986 | Huntsman Corp | 276,188 | ||||
5,423 | Innospec Inc | 492,029 | ||||
Total Chemicals | 768,217 | |||||
Communications Equipment – 2.8% | ||||||
7,321 | Ciena Corp, (2) | 386,915 | ||||
12,450 | ViaSat Inc, (2) | 406,492 | ||||
Total Communications Equipment | 793,407 | |||||
Construction & Engineering – 1.0% | ||||||
2,667 | Jacobs Engineering Group Inc | 290,596 | ||||
Electric Utilities – 2.6% | ||||||
3,922 | IDACORP Inc | 376,630 | ||||
4,460 | Pinnacle West Capital Corp | 356,577 | ||||
Total Electric Utilities | 733,207 |
Shares | Description (1) | Value | ||||
Electrical Equipment – 6.9% | ||||||
8,117 | EnerSys | $674,198 | ||||
2,470 | Hubbell Inc | 387,271 | ||||
38,324 | nVent Electric PLC | 892,566 | ||||
Total Electrical Equipment | 1,954,035 | |||||
Electronic Equipment, Instruments & Components – 2.2% | ||||||
4,237 | Fabrinet, (2) | 328,749 | ||||
14,196 | Vishay Intertechnology Inc | 293,999 | ||||
Total Electronic Equipment, Instruments & Components | 622,748 | |||||
Energy Equipment & Services – 1.3% | ||||||
25,868 | NOV Inc, (2) | 355,168 | ||||
Equity Real Estate Investment Trust – 6.1% | ||||||
26,385 | Brandywine Realty Trust | 314,245 | ||||
18,755 | Easterly Government Properties Inc | 424,801 | ||||
18,584 | Healthcare Realty Trust Inc | 550,086 | ||||
14,111 | STAG Industrial Inc | 441,957 | ||||
Total Equity Real Estate Investment Trust | 1,731,089 | |||||
Food & Staples Retailing – 1.4% | ||||||
19,116 | Sprouts Farmers Market Inc, (2) | 384,232 | ||||
Gas Utilities – 0.9% | ||||||
5,993 | National Fuel Gas Co | 246,492 | ||||
Health Care Technology – 1.3% | ||||||
19,737 | Change Healthcare Inc, (2) | 368,095 | ||||
Household Durables – 3.7% | ||||||
9,800 | PulteGroup Inc | 422,576 | ||||
24,165 | Taylor Morrison Home Corp, (2) | 619,832 | ||||
Total Household Durables | 1,042,408 | |||||
Insurance – 7.2% | ||||||
15,455 | Axis Capital Holdings Ltd | 778,777 | ||||
2,708 | Everest Re Group Ltd | 633,916 | ||||
3,979 | Globe Life Inc | 377,846 | ||||
1,490 | RenaissanceRe Holdings Ltd | 247,072 | ||||
Total Insurance | 2,037,611 | |||||
Interactive Media & Services – 2.7% | ||||||
26,843 | TripAdvisor Inc, (2) | 772,542 | ||||
Internet Software & Services – 0.8% | ||||||
6,715 | Yelp, Inc, (2) | 219,379 |
Shares | Description (1) | Value | ||||
IT Services – 2.0% | ||||||
7,894 | Amdocs Ltd | $ 559,921 | ||||
Life Sciences Tools & Services – 3.0% | ||||||
971 | Bio-Rad Laboratories Inc, (2) | 566,035 | ||||
4,170 | Syneos Health Inc, (2) | 284,102 | ||||
Total Life Sciences Tools & Services | 850,137 | |||||
Machinery – 4.6% | ||||||
6,730 | Albany International Corp | 494,117 | ||||
10,255 | Federal Signal Corp | 340,158 | ||||
12,709 | Flowserve Corp | 468,327 | ||||
Total Machinery | 1,302,602 | |||||
Metals & Mining – 3.8% | ||||||
7,288 | Materion Corp | 464,391 | ||||
5,130 | Reliance Steel & Aluminum Co | 614,318 | ||||
Total Metals & Mining | 1,078,709 | |||||
Multiline Retail – 1.6% | ||||||
14,058 | Nordstrom Inc | 438,750 | ||||
Oil, Gas & Consumable Fuels – 0.7% | ||||||
28,157 | Magnolia Oil & Gas Corp, (2) | 198,788 | ||||
Road & Rail – 1.4% | ||||||
9,637 | Knight-Swift Transportation Holdings Inc | 403,019 | ||||
Semiconductors & Semiconductor Equipment – 4.5% | ||||||
3,959 | Qorvo Inc, (2) | 658,263 | ||||
35,034 | Rambus Inc, (2) | 611,694 | ||||
Total Semiconductors & Semiconductor Equipment | 1,269,957 | |||||
Software – 2.1% | ||||||
26,446 | Teradata Corp, (2) | 594,242 | ||||
Specialty Retail – 4.5% | ||||||
2,763 | Advance Auto Parts Inc | 435,200 | ||||
42,068 | American Eagle Outfitters Inc | 844,305 | ||||
Total Specialty Retail | 1,279,505 | |||||
Textiles, Apparel & Luxury Goods – 1.5% | ||||||
12,110 | Steven Madden Ltd | 427,725 | ||||
Trading Companies & Distributors – 1.8% | ||||||
9,246 | BMC Stock Holdings Inc, (2) | 496,325 | ||||
Total Long-Term Investments (cost $21,506,395) | 27,460,892 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 3.2% | ||||||
REPURCHASE AGREEMENTS – 3.2% | ||||||
$ 909 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/20, repurchase price $908,806, collateralized by $865,600, U.S. Treasury Notes, 2.500%, due 8/15/23, value $927,003 | 0.000% | 1/04/21 | $ 908,806 | ||
Total Short-Term Investments (cost $908,806) | 908,806 | |||||
Total Investments (cost $22,415,201) – 100.5% | 28,369,698 | |||||
Other Assets Less Liabilities – (0.5)% | (141,909) | |||||
Net Assets – 100% | $ 28,227,789 |
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 an ex-dividend date within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.0% | ||||||
COMMON STOCKS – 99.0% | ||||||
Aerospace & Defense – 1.6% | ||||||
96,382 | Parsons Corp, (2) | $ 3,509,269 | ||||
Banks – 14.8% | ||||||
207,639 | Ameris Bancorp | 7,904,817 | ||||
266,534 | Banc of California Inc | 3,920,715 | ||||
181,652 | Bank of NT Butterfield & Son Ltd/The | 5,660,276 | ||||
335,021 | First Horizon Corp | 4,274,868 | ||||
140,801 | PacWest Bancorp | 3,576,345 | ||||
127,648 | Western Alliance Bancorp | 7,652,498 | ||||
Total Banks | 32,989,519 | |||||
Biotechnology – 3.0% | ||||||
177,712 | Coherus Biosciences Inc, (2) | 3,088,635 | ||||
23,607 | United Therapeutics Corp, (2) | 3,583,306 | ||||
Total Biotechnology | 6,671,941 | |||||
Capital Markets – 3.6% | ||||||
125,171 | Cowen Inc | 3,253,195 | ||||
43,630 | Evercore Inc | 4,783,593 | ||||
Total Capital Markets | 8,036,788 | |||||
Communications Equipment – 1.5% | ||||||
98,954 | ViaSat Inc, (2) | 3,230,848 | ||||
Construction & Engineering – 1.5% | ||||||
62,157 | Arcosa Inc | 3,414,284 | ||||
Containers & Packaging – 1.9% | ||||||
72,525 | Sonoco Products Co | 4,297,106 | ||||
Electric Utilities – 2.3% | ||||||
32,079 | IDACORP Inc | 3,080,546 | ||||
48,000 | Portland General Electric Co | 2,052,960 | ||||
Total Electric Utilities | 5,133,506 | |||||
Electrical Equipment – 5.6% | ||||||
67,517 | EnerSys | 5,607,962 | ||||
294,090 | nVent Electric PLC | 6,849,356 | ||||
Total Electrical Equipment | 12,457,318 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 3.8% | ||||||
33,853 | Fabrinet, (2) | $2,626,654 | ||||
174,758 | Vishay Intertechnology Inc | 3,619,238 | ||||
73,376 | Vishay Precision Group Inc, (2) | 2,309,877 | ||||
Total Electronic Equipment, Instruments & Components | 8,555,769 | |||||
Energy Equipment & Services – 1.3% | ||||||
209,787 | NOV Inc, (2) | 2,880,376 | ||||
Equity Real Estate Investment Trust – 6.3% | ||||||
213,197 | Brandywine Realty Trust | 2,539,176 | ||||
153,582 | Easterly Government Properties Inc | 3,478,632 | ||||
154,154 | Healthcare Realty Trust Inc | 4,562,959 | ||||
110,178 | STAG Industrial Inc | 3,450,775 | ||||
Total Equity Real Estate Investment Trust | 14,031,542 | |||||
Food & Staples Retailing – 1.1% | ||||||
122,374 | Sprouts Farmers Market Inc, (2) | 2,459,717 | ||||
Food Products – 2.3% | ||||||
35,912 | John B Sanfilippo & Son Inc | 2,832,020 | ||||
213,348 | Landec Corp, (2) | 2,314,826 | ||||
Total Food Products | 5,146,846 | |||||
Gas Utilities – 0.8% | ||||||
43,823 | National Fuel Gas Co | 1,802,440 | ||||
Health Care Technology – 1.3% | ||||||
156,435 | Change Healthcare Inc, (2) | 2,917,513 | ||||
Hotels, Restaurants & Leisure – 2.6% | ||||||
323,370 | El Pollo Loco Holdings Inc, (2) | 5,852,997 | ||||
Household Durables – 2.3% | ||||||
198,416 | Taylor Morrison Home Corp, (2) | 5,089,370 | ||||
Insurance – 3.2% | ||||||
87,942 | Axis Capital Holdings Ltd | 4,431,398 | ||||
207,928 | ProSight Global Inc, (2) | 2,667,716 | ||||
Total Insurance | 7,099,114 | |||||
Interactive Media & Services – 2.7% | ||||||
210,205 | TripAdvisor Inc, (2) | 6,049,700 | ||||
Internet Software & Services – 0.8% | ||||||
53,153 | Yelp, Inc, (2) | 1,736,509 | ||||
Machinery – 6.7% | ||||||
53,368 | Albany International Corp | 3,918,279 |
Shares | Description (1) | Value | ||||
Machinery (continued) | ||||||
85,696 | Federal Signal Corp | $2,842,536 | ||||
96,797 | Flowserve Corp | 3,566,969 | ||||
87,175 | Mayville Engineering Co Inc, (2) | 1,169,889 | ||||
85,827 | Rexnord Corp | 3,389,308 | ||||
Total Machinery | 14,886,981 | |||||
Metals & Mining – 3.5% | ||||||
36,104 | Kaiser Aluminum Corp | 3,570,686 | ||||
65,306 | Materion Corp | 4,161,298 | ||||
Total Metals & Mining | 7,731,984 | |||||
Multiline Retail – 1.5% | ||||||
110,235 | Nordstrom Inc | 3,440,434 | ||||
Oil, Gas & Consumable Fuels – 0.7% | ||||||
221,321 | Magnolia Oil & Gas Corp, (2) | 1,562,526 | ||||
Road & Rail – 1.6% | ||||||
83,368 | Knight-Swift Transportation Holdings Inc | 3,486,450 | ||||
Semiconductors & Semiconductor Equipment – 5.2% | ||||||
409,687 | Rambus Inc, (2) | 7,153,135 | ||||
170,620 | Tower Semiconductor Ltd, (2) | 4,405,408 | ||||
Total Semiconductors & Semiconductor Equipment | 11,558,543 | |||||
Software – 3.5% | ||||||
215,248 | Cloudera Inc, (2) | 2,994,100 | ||||
213,731 | Teradata Corp, (2) | 4,802,535 | ||||
Total Software | 7,796,635 | |||||
Specialty Retail – 3.0% | ||||||
329,739 | American Eagle Outfitters Inc | 6,617,862 | ||||
Textiles, Apparel & Luxury Goods – 1.5% | ||||||
95,104 | Steven Madden Ltd | 3,359,073 | ||||
Thrifts & Mortgage Finance – 5.7% | ||||||
75,601 | Essent Group Ltd | 3,265,963 | ||||
147,263 | HomeStreet Inc | 4,970,126 | ||||
100,645 | WSFS Financial Corp | 4,516,948 | ||||
Total Thrifts & Mortgage Finance | 12,753,037 | |||||
Trading Companies & Distributors – 1.8% | ||||||
72,544 | BMC Stock Holdings Inc, (2) | 3,894,162 | ||||
Total Long-Term Investments (cost $173,604,970) | 220,450,159 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.8% | ||||||
REPURCHASE AGREEMENTS – 1.8% | ||||||
$ 3,941 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/20, repurchase price $3,941,107, collateralized by $3,753,700, U.S. Treasury Notes, 2.500%, due 8/15/23, value $4,019,976 | 0.000% | 1/04/21 | $ 3,941,107 | ||
Total Short-Term Investments (cost $3,941,107) | 3,941,107 | |||||
Total Investments (cost $177,546,077) – 100.8% | 224,391,266 | |||||
Other Assets Less Liabilities – (0.8)% | (1,842,747) | |||||
Net Assets – 100% | $ 222,548,519 |
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 an ex-dividend date 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 $117,472,140, $85,086,794, $55,186,212, $13,672,711, $21,506,395 and $173,604,970, respectively)(1) | $149,645,435 | $121,645,371 | $62,396,014 | $18,175,083 | $27,460,892 | $220,450,159 |
Investment purchased with collateral from securities lending, at value (cost approximates value) | — | 8,908,748 | — | — | — | — |
Short-term investments, at value (cost approximates value) | — | — | — | — | 908,806 | 3,941,107 |
Cash | 726,924 | 57,696 | — | 18,955 | — | — |
Cash denominated in foreign currencies (cost $76,585, $16, $—, $—, $—and $—, respectively) | 78,777 | 16 | — | — | — | — |
Receivable for: | ||||||
Dividends | 244,730 | 146,470 | 84,840 | 28,491 | 30,259 | 216,642 |
Investments sold | 281,507 | 832,196 | 715,862 | 104,737 | 31,965 | 251,310 |
Reclaims | 216,966 | 496,530 | 5,441 | 13,692 | — | — |
Shares sold | 51,665 | 80,538 | 104,731 | 311,155 | 16,374 | 174,742 |
Other assets | 308,713 | 193,239 | 155,069 | 76,489 | 38,372 | 58,493 |
Total assets | 151,554,717 | 132,360,804 | 63,461,957 | 18,728,602 | 28,486,668 | 225,092,453 |
Liabilities | ||||||
Borrowings | — | 620,002 | 331,341 | — | — | — |
Payable for: | ||||||
Collateral from securities lending program | — | 8,908,748 | — | — | — | — |
Investments purchased - regular settlement | — | 48,875 | 233,248 | — | 216,745 | 1,715,619 |
Shares redeemed | 65,118 | 93,784 | 27,163 | 378,701 | — | 263,348 |
Accrued expenses: | ||||||
Custodian fees | 47,581 | 57,522 | 26,000 | 21,030 | 23,768 | 35,421 |
Management fees | 56,572 | 41,342 | 25,160 | — | — | 150,543 |
Shareholder reporting expenses | 33,939 | 77,672 | 11,639 | 7,878 | 5,296 | 82,628 |
Shareholder servicing agent fees | 43,957 | 50,574 | 17,926 | 11,920 | 5,337 | 237,743 |
Trustees fees | 225,953 | 112,909 | 76,273 | 35,478 | 132 | 28,919 |
12b-1 distribution and service fees | 28,216 | 4,938 | 8,256 | 2,431 | 1,120 | 12,314 |
Other | 12,105 | 7,781 | 2,603 | 4,988 | 6,481 | 17,399 |
Total liabilities | 513,441 | 10,024,147 | 759,609 | 462,426 | 258,879 | 2,543,934 |
Net assets | $151,041,276 | $122,336,657 | $62,702,348 | $18,266,176 | $28,227,789 | $222,548,519 |
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 | $ 90,717,063 | $ 20,092,756 | $34,102,358 | $ 4,093,809 | $ 2,443,842 | $ 22,910,681 |
Shares outstanding | 3,261,624 | 815,329 | 1,037,149 | 1,007,644 | 96,423 | 525,656 |
Net asset value ("NAV") per share | $ 27.81 | $ 24.64 | $ 32.88 | $ 4.06 | $ 25.34 | $ 43.58 |
Offering price per share (NAV per share plus maximum sales charge of 5.75% of offering price) | $ 29.51 | $ 26.14 | $ 34.89 | $ 4.31 | $ 26.89 | $ 46.24 |
Class C Shares | ||||||
Net assets | $ 10,362,006 | $ 659,327 | $ 1,157,626 | $ 1,811,837 | $ 618,292 | $ 7,795,175 |
Shares outstanding | 373,326 | 28,032 | 37,616 | 553,573 | 28,322 | 205,039 |
NAV and offering price per share | $ 27.76 | $ 23.52 | $ 30.78 | $ 3.27 | $ 21.83 | $ 38.02 |
Class R3 Shares | ||||||
Net assets | $ 632,473 | $ 437,011 | $ — | $ 83,210 | $ 205,611 | $ 2,210,350 |
Shares outstanding | 22,782 | 17,595 | — | 20,859 | 8,500 | 51,954 |
NAV and offering price per share | $ 27.76 | $ 24.84 | $ — | $ 3.99 | $ 24.19 | $ 42.55 |
Class R6 Shares | ||||||
Net assets | $ — | $ — | $ — | $ — | $10,525,360 | $ 5,720,880 |
Shares outstanding | — | — | — | — | 404,357 | 125,236 |
NAV and offering price per share | $ — | $ — | $ — | $ — | $ 26.03 | $ 45.68 |
Class I Shares | ||||||
Net assets | $ 49,329,734 | $ 101,147,563 | $27,442,364 | $12,277,320 | $14,434,684 | $183,911,433 |
Shares outstanding | 1,773,349 | 4,088,468 | 828,069 | 3,006,851 | 557,519 | 4,074,625 |
NAV and offering price per share | $ 27.82 | $ 24.74 | $ 33.14 | $ 4.08 | $ 25.89 | $ 45.14 |
Fund level net assets consist of: | ||||||
Capital paid-in | $ 372,773,293 | $ 304,058,443 | $68,975,158 | $12,692,141 | $21,915,915 | $194,068,724 |
Total distributable earnings | (221,732,017) | (181,721,786) | (6,272,810) | 5,574,035 | 6,311,874 | 28,479,795 |
Fund level net assets | $ 151,041,276 | $ 122,336,657 | $62,702,348 | $18,266,176 | $28,227,789 | $222,548,519 |
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 |
(1) | Includes securities loaned of $8,563,377 for NWQ International Value. |
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 | $ 2,693,873 | $ 1,977,323 | $ 586,485 | $ 222,900 | $ 214,516 | $ 1,773,181 |
Securities lending income | — | 2,744 | — | — | — | — |
Foreign tax withheld on dividend income | (70,165) | (143,139) | — | — | — | — |
Total investment income | 2,623,708 | 1,836,928 | 586,485 | 222,900 | 214,516 | 1,773,181 |
Expenses | ||||||
Management fees | 505,132 | 408,170 | 204,679 | 61,607 | 92,378 | 808,071 |
12b-1 service fees - Class A Shares | 106,315 | 23,100 | 39,093 | 4,950 | 3,066 | 29,176 |
12b-1 distribution and service fees - Class C Shares | 59,471 | 3,752 | 6,521 | 9,033 | 3,188 | 37,085 |
12b-1 distribution and service fees - Class R3 Shares | 1,454 | 1,170 | — | 187 | 518 | 5,123 |
Shareholder servicing agent fees | 64,623 | 59,794 | 24,737 | 12,856 | 3,111 | 318,639 |
Custodian fees | 33,158 | 37,447 | 19,174 | 14,622 | 16,385 | 22,012 |
Professional fees | 20,676 | 35,351 | 16,337 | 15,072 | 18,022 | 37,702 |
Trustees fees | 2,125 | 1,716 | 848 | 286 | 353 | 2,597 |
Shareholder reporting expenses | 38,049 | 43,908 | 14,729 | 9,274 | 12,493 | 83,750 |
Federal and state registration fees | 31,241 | 29,328 | 27,945 | 28,221 | 34,467 | 39,450 |
Other | 3,475 | 3,353 | 2,664 | 2,519 | 2,266 | 5,320 |
Total expenses before fee waiver/expense reimbursement | 865,719 | 647,089 | 356,727 | 158,627 | 186,247 | 1,388,925 |
Fee waiver/expense reimbursement | (85,052) | (101,285) | (51,324) | (74,362) | (51,720) | — |
Net expenses | 780,667 | 545,804 | 305,403 | 84,265 | 134,527 | 1,388,925 |
Net investment income (loss) | 1,843,041 | 1,291,124 | 281,082 | 138,635 | 79,989 | 384,256 |
Realized and Unrealized Gain (Loss) | ||||||
Net realized gain (loss) from: | ||||||
Investments and foreign currency | 3,060,994 | 3,642,669 | 2,298,392 | 2,082,116 | 1,546,182 | 21,657,727 |
Options written | 52,218 | — | — | — | — | — |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 21,335,768 | 20,567,024 | 10,523,374 | 1,290,607 | 4,277,018 | 30,072,805 |
Net realized and unrealized gain (loss) | 24,448,980 | 24,209,693 | 12,821,766 | 3,372,723 | 5,823,200 | 51,730,532 |
Net increase (decrease) in net assets from operations | $26,292,021 | $25,500,817 | $13,102,848 | $3,511,358 | $5,903,189 | $52,114,788 |
NWQ Global Equity Income | NWQ International Value | ||||
Six Months Ended 12/31/20 | Year Ended 6/30/20 | Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||
Operations | |||||
Net investment income (loss) | $ 1,843,041 | $ 4,076,059 | $ 1,291,124 | $ 2,946,333 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 3,060,994 | (12,951,300) | 3,642,669 | (1,762,166) | |
Options written | 52,218 | 62,265 | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | 21,335,768 | (9,095,548) | 20,567,024 | (17,524,860) | |
Net increase (decrease) in net assets from operations | 26,292,021 | (17,908,524) | 25,500,817 | (16,340,693) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (1,065,053) | (2,229,310) | (382,969) | (665,986) | |
Class C Shares | (100,013) | (368,666) | (8,350) | (41,146) | |
Class R3 Shares | (6,621) | (15,950) | (7,359) | (30,895) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (630,698) | (1,428,813) | (2,141,648) | (5,574,857) | |
Decrease in net assets from distributions to shareholders | (1,802,385) | (4,042,739) | (2,540,326) | (6,312,884) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 7,880,742 | 25,052,058 | 6,420,619 | 21,100,383 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 1,700,192 | 3,805,141 | 2,475,399 | 6,185,314 | |
9,580,934 | 28,857,199 | 8,896,018 | 27,285,697 | ||
Cost of shares redeemed | (22,829,728) | (72,400,519) | (20,551,035) | (139,293,026) | |
Net increase (decrease) in net assets from Fund share transactions | (13,248,794) | (43,543,320) | (11,655,017) | (112,007,329) | |
Net increase (decrease) in net assets | 11,240,842 | (65,494,583) | 11,305,474 | (134,660,906) | |
Net assets at the beginning of period | 139,800,434 | 205,295,017 | 111,031,183 | 245,692,089 | |
Net assets at the end of period | $151,041,276 | $139,800,434 | $122,336,657 | $ 111,031,183 |
NWQ Multi-Cap Value | NWQ Large-Cap Value | ||||
Six Months Ended 12/31/20 | Year Ended 6/30/20 | Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||
Operations | |||||
Net investment income (loss) | $ 281,082 | $ 1,723,460 | $ 138,635 | $ 1,030,519 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 2,298,392 | (14,015,559) | 2,082,116 | 3,154,502 | |
Options written | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | 10,523,374 | 367,739 | 1,290,607 | (8,796,296) | |
Net increase (decrease) in net assets from operations | 13,102,848 | (11,924,360) | 3,511,358 | (4,611,275) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (1,057,122) | (442,450) | (612,121) | (593,470) | |
Class C Shares | (28,371) | (10,284) | (328,974) | (380,680) | |
Class R3 Shares(1) | — | — | (12,876) | (10,557) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (909,101) | (502,661) | (2,024,952) | (4,510,985) | |
Decrease in net assets from distributions to shareholders | (1,994,594) | (955,395) | (2,978,923) | (5,495,692) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 1,158,186 | 3,854,968 | 1,160,206 | 5,847,453 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 1,818,505 | 878,183 | 2,860,497 | 5,423,752 | |
2,976,691 | 4,733,151 | 4,020,703 | 11,271,205 | ||
Cost of shares redeemed | (6,550,456) | (20,355,601) | (5,543,435) | (27,800,929) | |
Net increase (decrease) in net assets from Fund share transactions | (3,573,765) | (15,622,450) | (1,522,732) | (16,529,724) | |
Net increase (decrease) in net assets | 7,534,489 | (28,502,205) | (990,297) | (26,636,691) | |
Net assets at the beginning of period | 55,167,859 | 83,670,064 | 19,256,473 | 45,893,164 | |
Net assets at the end of period | $62,702,348 | $ 55,167,859 | $18,266,176 | $ 19,256,473 |
(1) | Effective August 5, 2019, Class R3 Shares of NWQ Multi-Cap Value are no longer being offered for sale. |
NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | ||||
Six Months Ended 12/31/20 | Year Ended 6/30/20 | Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||
Operations | |||||
Net investment income (loss) | $ 79,989 | $ 185,422 | $ 384,256 | $ 1,791,231 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 1,546,182 | (464,971) | 21,657,727 | (19,751,510) | |
Options written | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | 4,277,018 | (2,487,259) | 30,072,805 | (44,065,240) | |
Net increase (decrease) in net assets from operations | 5,903,189 | (2,766,808) | 52,114,788 | (62,025,519) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (6,042) | (11,173) | (135,444) | (2,691,806) | |
Class C Shares | — | — | — | (819,126) | |
Class R3 Shares | (71) | (362) | (8,403) | (208,715) | |
Class R6 Shares | (66,601) | (74,182) | (57,035) | (1,295,452) | |
Class I Shares | (65,867) | (54,788) | (1,474,480) | (23,595,162) | |
Decrease in net assets from distributions to shareholders | (138,581) | (140,505) | (1,675,362) | (28,610,261) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 6,799,315 | 13,803,121 | 16,433,473 | 97,163,173 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 137,331 | 137,529 | 1,598,145 | 27,180,359 | |
6,936,646 | 13,940,650 | 18,031,618 | 124,343,532 | ||
Cost of shares redeemed | (5,343,611) | (13,779,883) | (41,142,495) | (390,798,548) | |
Net increase (decrease) in net assets from Fund share transactions | 1,593,035 | 160,767 | (23,110,877) | (266,455,016) | |
Net increase (decrease) in net assets | 7,357,643 | (2,746,546) | 27,328,549 | (357,090,796) | |
Net assets at the beginning of period | 20,870,146 | 23,616,692 | 195,219,970 | 552,310,766 | |
Net assets at the end of period | $28,227,789 | $ 20,870,146 | $222,548,519 | $ 195,219,970 |
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) | |||||||||
2021(e) | $23.44 | $0.32 | $ 4.37 | $ 4.69 | $(0.32) | $ — | $(0.32) | $27.81 | |
2020 | 26.59 | 0.57 | (3.10) | (2.53) | (0.62) | — | (0.62) | 23.44 | |
2019 | 27.45 | 0.69 | (0.20) | 0.49 | (0.72) | (0.63) | (1.35) | 26.59 | |
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 | |
Class C (09/09) | |||||||||
2021(e) | 23.40 | 0.23 | 4.36 | 4.59 | (0.23) | — | (0.23) | 27.76 | |
2020 | 26.54 | 0.40 | (3.11) | (2.71) | (0.43) | — | (0.43) | 23.40 | |
2019 | 27.39 | 0.46 | (0.16) | 0.30 | (0.52) | (0.63) | (1.15) | 26.54 | |
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 | |
Class R3 (09/09) | |||||||||
2021(e) | 23.40 | 0.29 | 4.36 | 4.65 | (0.29) | — | (0.29) | 27.76 | |
2020 | 26.55 | 0.51 | (3.10) | (2.59) | (0.56) | — | (0.56) | 23.40 | |
2019 | 27.40 | 0.62 | (0.19) | 0.43 | (0.65) | (0.63) | (1.28) | 26.55 | |
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 | |
Class I (09/09) | |||||||||
2021(e) | 23.45 | 0.36 | 4.37 | 4.73 | (0.36) | — | (0.36) | 27.82 | |
2020 | 26.60 | 0.63 | (3.10) | (2.47) | (0.68) | — | (0.68) | 23.45 | |
2019 | 27.46 | 0.74 | (0.18) | 0.56 | (0.79) | (0.63) | (1.42) | 26.60 | |
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 |
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) | |
20.15% | $ 90,717 | 1.23%** | 2.44%** | 1.11%** | 2.56%** | 23% | |
(9.53) | 80,897 | 1.24 | 2.24 | 1.11 | 2.37 | 53 | |
2.23 | 103,494 | 1.19 | 2.52 | 1.11 | 2.60 | 30 | |
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 | |
19.70 | 10,362 | 1.98** | 1.69** | 1.86** | 1.81** | 23 | |
(10.18) | 14,342 | 1.99 | 1.48 | 1.86 | 1.61 | 53 | |
1.45 | 37,564 | 1.94 | 1.68 | 1.86 | 1.76 | 30 | |
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 | |
20.00 | 632 | 1.48** | 2.15** | 1.36** | 2.27** | 23 | |
(9.75) | 583 | 1.49 | 1.96 | 1.36 | 2.09 | 53 | |
1.97 | 1,069 | 1.44 | 2.27 | 1.36 | 2.35 | 30 | |
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 | |
20.29 | 49,330 | 0.98** | 2.69** | 0.86** | 2.81** | 23 | |
(9.25) | 43,978 | 0.99 | 2.49 | 0.86 | 2.62 | 53 | |
2.45 | 63,168 | 0.94 | 2.73 | 0.86 | 2.81 | 30 | |
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 |
(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, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2020. |
* | Rounds to less than $.01 per share. |
** | Annualized. |
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) | |||||||||
2021(e) | $20.17 | $0.23 | $ 4.72 | $ 4.95 | $(0.48) | $ — | $(0.48) | $24.64 | |
2020 | 23.39 | 0.32 | (2.83) | (2.51) | (0.71) | — | (0.71) | 20.17 | |
2019 | 25.16 | 0.50 | (2.01) | (1.51) | (0.26) | — | (0.26) | 23.39 | |
2018 | 24.91 | 0.38 | 0.62 | 1.00 | (0.75) | — | (0.75) | 25.16 | |
2017(f) | 22.22 | 0.40 | 2.71 | 3.11 | (0.42) | — | (0.42) | 24.91 | |
2016 | 24.59 | 0.47 | (2.53) | (2.06) | (0.31) | — | (0.31) | 22.22 | |
2015 | 25.67 | 0.20 | (0.35) | (0.15) | (0.93) | — | (0.93) | 24.59 | |
Class C (12/99) | |||||||||
2021(e) | 19.20 | 0.14 | 4.48 | 4.62 | (0.30) | — | (0.30) | 23.52 | |
2020 | 22.28 | 0.16 | (2.73) | (2.57) | (0.51) | — | (0.51) | 19.20 | |
2019 | 23.94 | 0.25 | (1.84) | (1.59) | (0.07) | — | (0.07) | 22.28 | |
2018 | 23.70 | 0.17 | 0.61 | 0.78 | (0.54) | — | (0.54) | 23.94 | |
2017(f) | 21.13 | 0.21 | 2.61 | 2.82 | (0.25) | — | (0.25) | 23.70 | |
2016 | 23.39 | 0.28 | (2.41) | (2.13) | (0.13) | — | (0.13) | 21.13 | |
2015 | 24.40 | 0.03 | (0.33) | (0.30) | (0.71) | — | (0.71) | 23.39 | |
Class R3 (08/08) | |||||||||
2021(e) | 20.31 | 0.20 | 4.76 | 4.96 | (0.43) | — | (0.43) | 24.84 | |
2020 | 23.56 | 0.26 | (2.85) | (2.59) | (0.66) | — | (0.66) | 20.31 | |
2019 | 25.34 | 0.46 | (2.04) | (1.58) | (0.20) | — | (0.20) | 23.56 | |
2018 | 25.08 | 0.34 | 0.62 | 0.96 | (0.70) | — | (0.70) | 25.34 | |
2017(f) | 22.37 | 0.36 | 2.72 | 3.08 | (0.37) | — | (0.37) | 25.08 | |
2016 | 24.76 | 0.42 | (2.55) | (2.13) | (0.26) | — | (0.26) | 22.37 | |
2015 | 25.84 | 0.14 | (0.35) | (0.21) | (0.87) | — | (0.87) | 24.76 | |
Class I (12/99) | |||||||||
2021(e) | 20.27 | 0.26 | 4.74 | 5.00 | (0.53) | — | (0.53) | 24.74 | |
2020 | 23.50 | 0.36 | (2.82) | (2.46) | (0.77) | — | (0.77) | 20.27 | |
2019 | 25.29 | 0.58 | (2.04) | (1.46) | (0.33) | — | (0.33) | 23.50 | |
2018 | 25.03 | 0.46 | 0.62 | 1.08 | (0.82) | — | (0.82) | 25.29 | |
2017(f) | 22.33 | 0.50 | 2.68 | 3.18 | (0.48) | — | (0.48) | 25.03 | |
2016 | 24.72 | 0.53 | (2.54) | (2.01) | (0.38) | — | (0.38) | 22.33 | |
2015 | 25.82 | 0.27 | (0.37) | (0.10) | (1.00) | — | (1.00) | 24.72 |
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) | |
24.53% | $ 20,093 | 1.32%* | 1.82%* | 1.15%* | 1.99%* | 15% | |
(11.24) | 17,579 | 1.33 | 1.36 | 1.15 | 1.55 | 22 | |
(5.90) | 23,088 | 1.32 | 1.95 | 1.15 | 2.11 | 14 | |
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 | |
24.08 | 659 | 2.07* | 1.11* | 1.90* | 1.29* | 15 | |
(11.88) | 963 | 2.08 | 0.57 | 1.90 | 0.76 | 22 | |
(6.68) | 3,055 | 2.07 | 0.97 | 1.90 | 1.14 | 14 | |
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 | |
24.36 | 437 | 1.57* | 1.65* | 1.40* | 1.83* | 15 | |
(11.47) | 708 | 1.58 | 1.03 | 1.40 | 1.21 | 22 | |
(6.17) | 1,248 | 1.57 | 1.78 | 1.40 | 1.95 | 14 | |
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 | |
24.68 | 101,148 | 1.07* | 2.11* | 0.90* | 2.29* | 15 | |
(11.00) | 91,781 | 1.08 | 1.49 | 0.90 | 1.68 | 22 | |
(5.67) | 218,300 | 1.07 | 2.31 | 0.90 | 2.48 | 14 | |
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 |
(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, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2020. |
(f) | For the eleven months ended June 30, 2017. Periods prior to 2017 are for the fiscal year ended July 31. |
* | 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) | |||||||||
2021(e) | $27.13 | $ 0.13 | $ 6.66 | $ 6.79 | $(1.04) | $ — | $(1.04) | $32.88 | |
2020 | 32.55 | 0.66 | (5.70) | (5.04) | (0.38) | — | (0.38) | 27.13 | |
2019 | 31.84 | 0.26 | 0.45 | 0.71 | — | — | — | 32.55 | |
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 | |
Class C (12/02) | |||||||||
2021(e) | 25.32 | 0.01 | 6.22 | 6.23 | (0.77) | — | (0.77) | 30.78 | |
2020 | 30.40 | 0.42 | (5.37) | (4.95) | (0.13) | — | (0.13) | 25.32 | |
2019 | 29.97 | (0.02) | 0.45 | 0.43 | — | — | — | 30.40 | |
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 | |
Class I (11/97) | |||||||||
2021(e) | 27.37 | 0.17 | 6.73 | 6.90 | (1.13) | — | (1.13) | 33.14 | |
2020 | 32.83 | 0.75 | (5.75) | (5.00) | (0.46) | — | (0.46) | 27.37 | |
2019 | 32.03 | 0.34 | 0.46 | 0.80 | — | — | — | 32.83 | |
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 |
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) | |
25.06% | $34,102 | 1.32%* | 0.70%* | 1.15%* | 0.88%* | 31% | |
(15.73) | 29,133 | 1.30 | 2.15 | 1.15 | 2.30 | 54 | |
2.23 | 42,199 | 1.26 | 0.73 | 1.15 | 0.84 | 23 | |
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 | |
24.63 | 1,158 | 2.07* | (0.07)* | 1.89* | 0.10* | 31 | |
(16.37) | 1,632 | 2.05 | 1.41 | 1.90 | 1.56 | 54 | |
1.43 | 2,672 | 2.01 | (0.17) | 1.90 | (0.06) | 23 | |
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 | |
25.22 | 27,442 | 1.07* | 0.95* | 0.90* | 1.13* | 31 | |
(15.51) | 24,403 | 1.05 | 2.41 | 0.90 | 2.56 | 54 | |
2.50 | 38,712 | 1.01 | 0.97 | 0.90 | 1.08 | 23 | |
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 |
(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, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2020. |
(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 fiscal year ended June 30, 2018. 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 I | 0.28 | 0.83 | 0.92 |
* | 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 (12/06) | |||||||||
2021(e) | $ 3.96 | $0.03 | $ 0.79 | $ 0.82 | $(0.15) | $(0.57) | $(0.72) | $4.06 | |
2020 | 5.15 | 0.12 | (0.62) | (0.50) | (0.09) | (0.60) | (0.69) | 3.96 | |
2019 | 6.72 | 0.07 | (0.19) | (0.12) | (0.03) | (1.42) | (1.45) | 5.15 | |
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 | |
Class C (12/06) | |||||||||
2021(e) | 3.28 | 0.01 | 1.32 | 1.33 | (0.20) | (1.14) | (1.34) | 3.27 | |
2020 | 4.36 | 0.07 | (0.51) | (0.44) | (0.04) | (0.60) | (0.64) | 3.28 | |
2019 | 5.95 | 0.02 | (0.19) | (0.17) | — | (1.42) | (1.42) | 4.36 | |
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 | |
Class R3 (09/09) | |||||||||
2021(e) | 3.89 | 0.02 | 0.79 | 0.81 | (0.14) | (0.57) | (0.71) | 3.99 | |
2020 | 5.07 | 0.10 | (0.61) | (0.51) | (0.07) | (0.60) | (0.67) | 3.89 | |
2019 | 6.64 | 0.06 | (0.20) | (0.14) | (0.01) | (1.42) | (1.43) | 5.07 | |
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 | |
Class I (12/06) | |||||||||
2021(e) | 3.98 | 0.03 | 0.80 | 0.83 | (0.16) | (0.57) | (0.73) | 4.08 | |
2020 | 5.17 | 0.13 | (0.62) | (0.49) | (0.10) | (0.60) | (0.70) | 3.98 | |
2019 | 6.75 | 0.08 | (0.19) | (0.11) | (0.05) | (1.42) | (1.47) | 5.17 | |
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 |
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) | |
20.88% | $ 4,094 | 1.79%* | 0.60%* | 1.00%* | 1.39%* | 23% | |
(12.08) | 4,233 | 1.40 | 2.16 | 1.00 | 2.56 | 59 | |
1.96 | 4,395 | 1.27 | 0.99 | 1.00 | 1.26 | 35 | |
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 | |
20.22 | 1,812 | 2.54* | (0.16)* | 1.75* | 0.63* | 23 | |
(12.62) | 1,758 | 2.15 | 1.41 | 1.75 | 1.82 | 59 | |
1.21 | 2,882 | 2.02 | 0.22 | 1.75 | 0.48 | 35 | |
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 | |
20.92 | 83 | 2.04* | 0.35* | 1.25* | 1.14* | 23 | |
(12.32) | 69 | 1.65 | 1.93 | 1.25 | 2.34 | 59 | |
1.65 | 79 | 1.52 | 0.75 | 1.25 | 1.01 | 35 | |
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 | |
21.06 | 12,277 | 1.54* | 0.83* | 0.75* | 1.62* | 23 | |
(11.81) | 13,196 | 1.15 | 2.40 | 0.75 | 2.81 | 59 | |
2.13 | 38,538 | 1.02 | 1.20 | 0.75 | 1.46 | 35 | |
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 |
(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, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2020. |
* | 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) | |||||||||
2021(e) | $20.05 | $ 0.05 | $ 5.30 | $ 5.35 | $(0.06) | $ — | $(0.06) | $25.34 | |
2020 | 23.47 | 0.11 | (3.45) | (3.34) | (0.08) | — | (0.08) | 20.05 | |
2019 | 36.02 | 0.08 | (3.94) | (3.86) | — | (8.69) | (8.69) | 23.47 | |
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 | |
Class C (12/06) | |||||||||
2021(e) | 17.29 | (0.03) | 4.57 | 4.54 | — | — | — | 21.83 | |
2020 | 20.33 | (0.03) | (3.01) | (3.04) | — | — | — | 17.29 | |
2019 | 32.87 | (0.12) | (3.73) | (3.85) | — | (8.69) | (8.69) | 20.33 | |
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 | |
Class R3 (09/09) | |||||||||
2021(e) | 19.12 | 0.02 | 5.06 | 5.08 | (0.01) | — | (0.01) | 24.19 | |
2020 | 22.39 | 0.06 | (3.31) | (3.25) | (0.02) | — | (0.02) | 19.12 | |
2019 | 34.94 | 0.01 | (3.87) | (3.86) | — | (8.69) | (8.69) | 22.39 | |
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 | |
Class R6 (06/16) | |||||||||
2021(e) | 20.64 | 0.08 | 5.48 | 5.56 | (0.17) | — | (0.17) | 26.03 | |
2020 | 24.15 | 0.21 | (3.54) | (3.33) | (0.18) | — | (0.18) | 20.64 | |
2019 | 36.62 | 0.20 | (3.98) | (3.78) | — | (8.69) | (8.69) | 24.15 | |
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) | |||||||||
2021(e) | 20.49 | 0.08 | 5.44 | 5.52 | (0.12) | — | (0.12) | 25.89 | |
2020 | 23.99 | 0.19 | (3.55) | (3.36) | (0.14) | — | (0.14) | 20.49 | |
2019 | 36.50 | 0.16 | (3.98) | (3.82) | — | (8.69) | (8.69) | 23.99 | |
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 |
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) | |
26.74% | $ 2,444 | 1.73%** | (0.01)%** | 1.31%** | 0.41%** | 29% | |
(14.29) | 2,599 | 1.85 | (0.01) | 1.31 | 0.54 | 58 | |
(6.42) | 3,137 | 1.73 | (0.13) | 1.31 | 0.29 | 54 | |
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 | |
26.26 | 618 | 2.48** | (0.77)** | 2.06** | (0.35)** | 29 | |
(14.95) | 763 | 2.60 | (0.73) | 2.06 | (0.19) | 58 | |
(7.13) | 1,374 | 2.48 | (0.90) | 2.06 | (0.47) | 54 | |
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 | |
26.56 | 206 | 1.98** | (0.26)** | 1.56** | 0.16** | 29 | |
(14.52) | 304 | 2.10 | (0.23) | 1.56 | 0.32 | 58 | |
(6.65) | 541 | 1.98 | (0.38) | 1.56 | 0.04 | 54 | |
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 | |
26.91 | 10,525 | 1.45** | 0.29** | 1.03** | 0.72** | 29 | |
(13.93) | 8,747 | 1.43 | 0.42 | 0.88 | 0.96 | 58 | |
(6.03) | 9,691 | 1.32 | 0.29 | 0.90 | 0.72 | 54 | |
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 | |
0.00 | 25 | — | — | — | — | — | |
26.87 | 14,435 | 1.48** | 0.30** | 1.06** | 0.72** | 29 | |
(14.07) | 8,457 | 1.60 | 0.34 | 1.06 | 0.89 | 58 | |
(6.19) | 8,874 | 1.48 | 0.13 | 1.06 | 0.55 | 54 | |
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 |
(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, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2020. |
(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) | |||||||||
2021(e) | $33.98 | $ 0.04 | $ 9.82 | $ 9.86 | $(0.26) | $ — | $(0.26) | $43.58 | |
2020 | 42.97 | 0.11 | (6.36) | (6.25) | (0.01) | (2.73) | (2.74) | 33.98 | |
2019 | 55.23 | 0.03 | (7.03) | (7.00) | — | (5.26) | (5.26) | 42.97 | |
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 | |
Class C (12/04) | |||||||||
2021(e) | 29.57 | (0.09) | 8.54 | 8.45 | — | — | — | 38.02 | |
2020 | 37.99 | (0.16) | (5.53) | (5.69) | — | (2.73) | (2.73) | 29.57 | |
2019 | 49.96 | (0.28) | (6.43) | (6.71) | — | (5.26) | (5.26) | 37.99 | |
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 | |
Class R3 (09/09) | |||||||||
2021(e) | 33.14 | (0.01) | 9.58 | 9.57 | (0.16) | — | (0.16) | 42.55 | |
2020 | 42.06 | —* | (6.19) | (6.19) | — | (2.73) | (2.73) | 33.14 | |
2019 | 54.33 | (0.10) | (6.91) | (7.01) | — | (5.26) | (5.26) | 42.06 | |
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 | |
Class R6 (02/13) | |||||||||
2021(e) | 35.66 | 0.15 | 10.33 | 10.48 | (0.46) | — | (0.46) | 45.68 | |
2020 | 44.93 | 0.28 | (6.63) | (6.35) | (0.19) | (2.73) | (2.92) | 35.66 | |
2019 | 57.24 | 0.22 | (7.27) | (7.05) | — | (5.26) | (5.26) | 44.93 | |
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 | |
Class I (12/04) | |||||||||
2021(e) | 35.21 | 0.09 | 10.20 | 10.29 | (0.36) | — | (0.36) | 45.14 | |
2020 | 44.43 | 0.20 | (6.57) | (6.37) | (0.12) | (2.73) | (2.85) | 35.21 | |
2019 | 56.75 | 0.16 | (7.22) | (7.06) | — | (5.26) | (5.26) | 44.43 | |
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 |
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) |
29.01% | $ 22,911 | 1.56%** | 0.19%** | 37% |
(15.95) | 24,846 | 1.35 | 0.28 | 43 |
(11.47) | 66,539 | 1.24 | 0.07 | 62 |
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 |
28.58 | 7,795 | 2.32** | (0.56)** | 37 |
(16.58) | 7,644 | 2.10 | (0.49) | 43 |
(12.14) | 13,419 | 1.99 | (0.68) | 62 |
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 |
28.86 | 2,210 | 1.82** | (0.05)** | 37 |
(16.15) | 2,104 | 1.60 | 0.01 | 43 |
(11.68) | 4,832 | 1.49 | (0.21) | 62 |
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 |
29.40 | 5,721 | 1.00** | 0.75** | 37 |
(15.55) | 6,315 | 0.91 | 0.70 | 43 |
(11.12) | 10,899 | 0.86 | 0.46 | 62 |
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 |
29.20 | 183,911 | 1.32** | 0.44** | 37 |
(15.75) | 154,309 | 1.10 | 0.51 | 43 |
(11.26) | 456,623 | 0.99 | 0.33 | 62 |
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 |
(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 contractual fee waiver/expense reimbursement agreement with the Adviser, but did not receive a fee waiver/expense reimbursement during the periods presented herein. See Note 7 - Management Fees and Other Transactions with Affiliates for more information. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the six months ended December 31, 2020. |
* | Rounds to less than $.01 per share. |
** | Annualized. |
NWQ Global Equity Income | Value | % of Net Assets |
Country: | ||
Germany | $16,974,049 | 11.2% |
Japan | 12,721,610 | 8.4 |
United Kingdom | 10,897,571 | 7.2 |
South Korea | 8,057,670 | 5.3 |
China | 4,939,081 | 3.3 |
France | 4,487,346 | 3.0 |
Belgium | 3,596,838 | 2.4 |
Canada | 3,160,386 | 2.1 |
Netherlands | 2,442,449 | 1.6 |
Other | 4,280,581 | 2.9 |
Total non-U.S. securities | $71,557,581 | 47.4% |
NWQ International Value | Value | % of Net Assets |
Country: | ||
Japan | $ 29,546,257 | 24.1% |
Germany | 19,738,902 | 16.1 |
United Kingdom | 12,216,971 | 10.0 |
South Korea | 9,854,068 | 8.0 |
France | 9,491,359 | 7.8 |
Netherlands | 7,449,663 | 6.1 |
Switzerland | 6,717,025 | 5.5 |
Belgium | 5,255,890 | 4.3 |
China | 4,727,703 | 3.9 |
Other | 12,325,525 | 10.1 |
Total non-U.S. securities | $117,323,363 | 95.9% |
NWQ Global Equity Income | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $76,881,733 | $63,158,620** | $ — | $140,040,353 |
Convertible Preferred Securities | 6,763,577 | — | — | 6,763,577 |
Structured Notes | — | 2,841,505 | — | 2,841,505 |
Total | $83,645,310 | $66,000,125 | $ — | $149,645,435 |
NWQ International Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $21,965,316 | $99,680,055** | $ — | $121,645,371 |
Investments Purchased with Collateral from Securities Lending | 8,908,748 | — | — | 8,908,748 |
Total | $30,874,064 | $99,680,055 | $ — | $130,554,119 |
NWQ Multi-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $62,396,014 | $ — | $ — | $62,396,014 |
NWQ Large-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $18,175,083 | $ — | $ — | $18,175,083 |
NWQ Small/Mid-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $27,460,892 | $ — | $ — | $27,460,892 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 908,806 | — | 908,806 |
Total | $27,460,892 | $908,806 | $ — | $28,369,698 |
NWQ Small-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $220,450,159 | $ — | $ — | $220,450,159 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 3,941,107 | — | 3,941,107 |
Total | $220,450,159 | $3,941,107 | $ — | $224,391,266 |
* | 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. |
Fund | Counterparty | Short-Term Investments, at Value | Collateral Pledged (From) Counterparty* | Net Exposure |
NWQ Small/Mid-Cap Value | Fixed Income Clearing Corporation | $ 908,806 | $ (908,806) | — |
NWQ Small-Cap Value | Fixed Income Clearing Corporation | 3,941,107 | (3,941,107) | — |
Asset Class out on Loan | Long-Term Investments, at Value | Total Collateral Received |
Common Stock | $8,563,377 | $8,908,748 |
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 | $31,579,562 | $16,537,440 | $17,791,038 | $4,124,672 | $8,560,959 | $71,041,862 |
Sales and maturities | 44,578,855 | 28,272,826 | 23,265,070 | 8,218,739 | 6,548,334 | 93,179,266 |
NWQ Global Equity Income | |
Average notional amount of outstanding options written* | $ — |
* | The average notional amount is calculated based on the outstanding notional at the beginning of the current fiscal period and at the end of each fiscal quarter within the current fiscal period. The Fund wrote call options during the current fiscal period. However the Fund did not have any such positions outstanding at the beginning of the fiscal period or at the end of each fiscal quarter within the current fiscal period and therefore are not included as part of this calculation. |
Fund | Underlying Risk Exposure | Derivative Instrument | Net Realized Gain (Loss) from Options Written | Change in Net Unrealized Appreciation (Depreciation) of Options Written |
NWQ Global Equity Income | Equity price | Options written | $52,218 | $ — |
Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||||
NWQ Global Equity Income | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 200,372 | $ 4,974,680 | 622,088 | $ 15,874,130 | |
Class A – automatic conversion of Class C Shares | 2,303 | 57,217 | 5,470 | 145,931 | |
Class C | 908 | 22,275 | 5,049 | 123,856 | |
Class R3 | 2,948 | 75,684 | 3,295 | 78,065 | |
Class I | 108,326 | 2,750,886 | 348,559 | 8,830,076 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 38,375 | 978,069 | 87,786 | 2,061,101 | |
Class C | 3,950 | 99,253 | 14,057 | 331,546 | |
Class R3 | 248 | 6,303 | 525 | 12,254 | |
Class I | 24,158 | 616,567 | 59,328 | 1,400,240 | |
381,588 | 9,580,934 | 1,146,157 | 28,857,199 | ||
Shares redeemed: | |||||
Class A | (430,103) | (10,794,160) | (1,156,215) | (28,840,988) | |
Class C | (242,145) | (5,983,050) | (816,149) | (20,603,778) | |
Class C – automatic conversion to Class A Shares | (2,310) | (57,217) | (5,485) | (145,931) | |
Class R3 | (5,325) | (132,331) | (19,185) | (488,912) | |
Class I | (234,849) | (5,862,970) | (906,880) | (22,320,910) | |
(914,732) | (22,829,728) | (2,903,914) | (72,400,519) | ||
Net increase (decrease) | (533,144) | $(13,248,794) | (1,757,757) | $(43,543,320) |
Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||||
NWQ International Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 66,594 | $ 1,492,930 | 144,734 | $ 3,155,152 | |
Class C | 570 | 11,808 | 4,492 | 97,867 | |
Class R3 | 5,048 | 110,575 | 16,427 | 357,832 | |
Class I | 218,588 | 4,805,306 | 838,110 | 17,489,532 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 13,689 | 337,720 | 24,604 | 593,941 | |
Class C | 354 | 8,349 | 1,456 | 33,566 | |
Class R3 | 276 | 6,867 | 722 | 17,576 | |
Class I | 85,687 | 2,122,463 | 228,746 | 5,540,231 | |
390,806 | 8,896,018 | 1,259,291 | 27,285,697 | ||
Shares redeemed: | |||||
Class A | (136,604) | (3,015,290) | (284,696) | (6,207,432) | |
Class C | (23,026) | (469,830) | (92,950) | (1,978,088) | |
Class R3 | (22,590) | (476,953) | (35,273) | (765,049) | |
Class I | (744,236) | (16,588,962) | (5,827,938) | (130,342,457) | |
(926,456) | (20,551,035) | (6,240,857) | (139,293,026) | ||
Net increase (decrease) | (535,650) | $(11,655,017) | (4,981,566) | $(112,007,329) |
Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||||
NWQ Multi-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 17,395 | $ 515,478 | 27,163 | $ 831,217 | |
Class C | 521 | 15,249 | 9,896 | 294,603 | |
Class R3(1) | — | — | 18 | 589 | |
Class I | 20,206 | 627,459 | 94,046 | 2,728,559 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 28,287 | 924,684 | 11,379 | 386,309 | |
Class C | 927 | 28,371 | 270 | 8,599 | |
Class R3(1) | — | — | — | — | |
Class I | 26,266 | 865,450 | 14,127 | 483,275 | |
93,602 | 2,976,691 | 156,899 | 4,733,151 | ||
Shares redeemed: | |||||
Class A | (82,315) | (2,489,077) | (261,055) | (7,900,748) | |
Class C | (28,268) | (767,828) | (33,617) | (949,685) | |
Class R3(1) | — | — | (2,716) | (87,803) | |
Class I | (109,974) | (3,293,551) | (395,603) | (11,417,365) | |
(220,557) | (6,550,456) | (692,991) | (20,355,601) | ||
Net increase (decrease) | (126,955) | $(3,573,765) | (536,092) | $(15,622,450) |
(1) | Effective August 5, 2019, Class R3 Shares of NWQ Multi-Cap Value are no longer being offered for sale. |
Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||||
NWQ Large-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 104,522 | $ 439,488 | 354,482 | $ 1,507,248 | |
Class C | 2,994 | 10,000 | 51,999 | 222,083 | |
Class R3 | — | — | — | — | |
Class I | 157,992 | 710,718 | 966,472 | 4,118,122 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 128,929 | 534,102 | 115,189 | 559,866 | |
Class C | 98,694 | 328,974 | 94,967 | 380,680 | |
Class R3 | 3,168 | 12,889 | 2,211 | 10,558 | |
Class I | 475,865 | 1,984,532 | 915,103 | 4,472,648 | |
972,164 | 4,020,703 | 2,500,423 | 11,271,205 | ||
Shares redeemed: | |||||
Class A | (294,768) | (1,249,919) | (254,333) | (1,178,132) | |
Class C | (84,817) | (288,397) | (271,314) | (1,012,392) | |
Class R3 | — | — | (3) | (13) | |
Class I | (939,575) | (4,005,119) | (6,018,921) | (25,610,392) | |
(1,319,160) | (5,543,435) | (6,544,571) | (27,800,929) | ||
Net increase (decrease) | (346,996) | $(1,522,732) | (4,044,148) | $(16,529,724) |
Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||||
NWQ Small/Mid-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 11,382 | $ 245,880 | 25,443 | $ 540,705 | |
Class C | 366 | 6,785 | 4,020 | 81,806 | |
Class R3 | 85 | 1,704 | 1,977 | 45,279 | |
Class R6 | 98,723 | 2,288,465 | 168,348 | 3,814,627 | |
Class I | 194,166 | 4,256,481 | 414,155 | 9,320,704 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 202 | 5,122 | 343 | 8,662 | |
Class R3 | 3 | 70 | 14 | 334 | |
Class R6 | 2,557 | 66,454 | 2,861 | 74,018 | |
Class I | 2,541 | 65,685 | 2,120 | 54,515 | |
310,025 | 6,936,646 | 619,281 | 13,940,650 | ||
Shares redeemed: | |||||
Class A | (44,824) | (943,530) | (29,770) | (645,695) | |
Class C | (16,153) | (291,585) | (27,507) | (536,103) | |
Class R3 | (7,516) | (144,414) | (10,230) | (226,901) | |
Class R6 | (120,726) | (2,769,148) | (148,637) | (3,366,219) | |
Class I | (51,820) | (1,194,934) | (373,549) | (9,004,965) | |
(241,039) | (5,343,611) | (589,693) | (13,779,883) | ||
Net increase (decrease) | 68,986 | $ 1,593,035 | 29,588 | $ 160,767 |
Six Months Ended 12/31/20 | Year Ended 6/30/20 | ||||
NWQ Small-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 30,748 | $ 1,113,967 | 175,052 | $ 6,835,666 | |
Class C | 7,691 | 264,602 | 31,930 | 1,181,204 | |
Class R3 | 4,663 | 166,099 | 20,998 | 776,149 | |
Class R6 | 18,563 | 738,804 | 368,855 | 17,044,216 | |
Class I | 366,179 | 14,150,001 | 1,791,421 | 71,325,938 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 2,576 | 112,232 | 48,977 | 2,133,928 | |
Class C | — | — | 18,820 | 716,456 | |
Class R3 | 145 | 6,160 | 2,499 | 106,326 | |
Class R6 | 726 | 33,137 | 22,059 | 1,010,576 | |
Class I | 32,061 | 1,446,616 | 513,460 | 23,213,073 | |
463,352 | 18,031,618 | 2,994,071 | 124,343,532 | ||
Shares redeemed: | |||||
Class A | (238,966) | (8,669,963) | (1,041,299) | (43,111,310) | |
Class C | (61,159) | (1,948,668) | (145,455) | (4,977,208) | |
Class R3 | (16,362) | (577,691) | (74,868) | (2,932,323) | |
Class R6 | (71,175) | (2,683,460) | (456,369) | (20,266,869) | |
Class I | (705,910) | (27,262,713) | (8,199,620) | (319,510,838) | |
(1,093,572) | (41,142,495) | (9,917,611) | (390,798,548) | ||
Net increase (decrease) | (630,220) | $(23,110,877) | (6,923,540) | $(266,455,016) |
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 | $117,813,202 | $99,396,028 | $55,210,524 | $13,759,418 | $22,586,361 | $180,961,607 |
Gross unrealized: | ||||||
Appreciation | $ 34,752,923 | $39,454,436 | $ 9,548,184 | $ 4,959,446 | $ 6,544,225 | $ 53,414,991 |
Depreciation | (2,920,690) | (8,296,345) | (2,362,694) | (543,781) | (760,888) | (9,985,332) |
Net unrealized appreciation (depreciation) of investments | $ 31,832,233 | $31,158,091 | $ 7,185,490 | $ 4,415,665 | $ 5,783,337 | $ 43,429,659 |
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, 2 | $2,231,341 | $2,540,508 | $734,015 | $ 531,610 | $69,063 | $1,676,033 |
Undistributed net long-term capital gains | — | — | — | 1,384,932 | — | — |
1 | Undistributed net ordinary income (on a tax basis) for NWQ Global Equity Income has not been reduced for the dividend declared on June 30, 2020 and paid on July 1, 2020. |
2 | 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 income2 | $4,042,739 | $6,312,884 | $955,395 | $ 798,565 | $140,505 | $ 1,108,095 |
Distributions from net long-term capital gains | — | — | — | 4,697,127 | — | 27,502,166 |
2 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
NWQ Global Equity Income3 | NWQ International Value | NWQ Multi-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Not subject to expiration: | |||||
Short-term | $ 8,668,285 | $ 11,471,041 | $ 2,205,017 | $1,028,116 | $36,992,518 |
Long-term | 249,105,382 | 206,390,089 | 12,496,716 | — | — |
Total | $257,773,667 | $217,861,130 | $14,701,733 | $1,028,116 | $36,992,518 |
3 | 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 eighteen years, at which point the annual limitation will further be reduced to approximately $1.2 million. |
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, 2022 | N/A |
NWQ International Value | 0.94 | July 31, 2022 | N/A |
NWQ Multi-Cap Value | 0.94 | July 31, 2022 | N/A |
NWQ Large-Cap Value | 0.79 | July 31, 2022 | 1.35% |
NWQ Small/Mid-Cap Value | 1.10 | July 31, 2022 | 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 | $897 | $ — | $ — | $7,063 | $1,186 | $ — |
Paid to financial intermediaries | 779 | — | — | 6,103 | 1,032 | — |
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 | $46 | $ — | $30 | $100 | $48 | $1,831 |
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 | $758 | $865 | $684 | $746 | $758 | $6,198 |
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 | $5 | $ — | $15 | $ — | $ — | $296 |
NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Nuveen owned shares | —%* | —%* | —%* |
* | Rounds to less than 1%. |
NWQ International Value | NWQ Multi-Cap Value | |
Maximum outstanding balance | $620,026 | $331,353 |
NWQ International Value | NWQ Multi-Cap Value | |
Utilization period (days outstanding) | 1 | 1 |
Average daily balance outstanding | $620,026 | $331,353 |
Average annual interest rate | 1.39% | 1.39% |
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 Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-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 Rule 30a-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.
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/ Mark J. Czarniecki | |||
Mark J. Czarniecki | ||||
Vice President and Secretary |
Date: March 5, 2021
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/ Christopher E. Stickrod | |
Christopher E. Stickrod | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: March 5, 2021
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham Vice President and Controller (principal financial officer) |
Date: March 5, 2021