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, 2021
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 R6 | Class I | ||
Nuveen Global Equity Income Fund (formerly Nuveen NWQ Global Equity Income Fund) | NQGAX | NQGCX | — | NQGIX | ||
Nuveen International Value Fund (formerly Nuveen NWQ International Value Fund) | NAIGX | NCIGX | — | NGRRX | ||
Nuveen Multi-Cap Value Fund (formerly Nuveen NWQ Multi-Cap Value Fund) | NQVAX | NQVCX | — | NQVRX | ||
Nuveen Large-Cap Value Fund (formerly Nuveen NWQ Large-Cap Value Fund) | NQCAX | NQCCX | — | NQCRX | ||
Nuveen Small/Mid-Cap Value Fund (formerly Nuveen NWQ Small/Mid-Cap Value Fund) | NSMAX | NSMCX | NWQFX | NSMRX | ||
Nuveen Small-Cap Value Opportunities Fund (formerly Nuveen NWQ Small-Cap Value Fund) | NSCAX | NSCCX | NSCFX | NSCRX |
• | Nuveen NWQ Global Equity Income Fund to Nuveen Global Equity Income Fund |
• | Nuveen NWQ International Value Fund to Nuveen International Value Fund |
• | Nuveen NWQ Multi-Cap Value Fund to Nuveen Multi Cap Value Fund |
• | Nuveen NWQ Large-Cap Value Fund to Nuveen Large Cap Value Fund |
• | Nuveen NWQ Small/Mid-Cap Value Fund to Nuveen Small/Mid Cap Value Fund |
• | Nuveen NWQ Small-Cap Value Fund to Nuveen Small Cap Value Opportunities Fund |
Total Returns as of December 31, 2021* | |||||||||
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 | 4.64% | 22.31% | 9.16% | 9.32% | 1.26% | 1.11% | ||
Class A Shares at maximum Offering Price | 9/15/09 | (1.37)% | 15.27% | 7.88% | 8.68% | — | — | ||
MSCI World Value Index (Net)1 | — | 6.29% | 21.94% | 8.92% | 9.53% | — | — | ||
Lipper Global Equity Income Funds Classification Average | — | 5.08% | 16.79% | 9.40% | 8.41% | — | — | ||
Class C Shares | 9/15/09 | 4.26% | 21.36% | 8.35% | 8.67% | 2.01% | 1.86% | ||
Class I Shares | 9/15/09 | 4.74% | 22.56% | 9.43% | 9.59% | 1.01% | 0.86% |
Total Returns as of December 31, 2021* | |||||||||
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 | (0.44)% | 12.09% | 6.20% | 4.84% | 1.28% | 1.15% | ||
Class A Shares at maximum Offering Price | 12/20/99 | (6.16)% | 5.66% | 4.95% | 4.22% | — | — | ||
MSCI EAFE Index (Net)1 | — | 2.24% | 11.26% | 9.55% | 8.03% | — | — | ||
Lipper International Multi-Cap Value Funds Classification Average | — | (0.23)% | 11.65% | 6.51% | 6.37% | — | — | ||
Class C Shares | 12/20/99 | (0.82)% | 11.24% | 5.40% | 4.21% | 2.03% | 1.90% | ||
Class I Shares | 12/20/99 | (0.31)% | 12.35% | 6.47% | 5.10% | 1.03% | 0.90% |
Total Returns as of December 31, 2021* | |||||||||
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 | 1.69% | 28.22% | 10.88% | 10.34% | 1.29% | 1.15% | ||
Class A Shares at maximum Offering Price | 12/9/02 | (4.16)% | 20.84% | 9.58% | 9.69% | — | — | ||
Russell 3000® Value Index1 | — | 6.54% | 25.37% | 11.00% | 12.89% | — | — | ||
Lipper Multi-Cap Value Funds Classification Average | — | 6.27% | 26.22% | 11.31% | 12.26% | — | — | ||
Class C Shares | 12/9/02 | 1.33% | 27.27% | 10.05% | 9.67% | 2.04% | 1.90% | ||
Class I Shares | 11/4/97 | 1.83% | 28.56% | 11.17% | 10.62% | 1.04% | 0.90% |
Total Returns as of December 31, 2021* | |||||||||
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 | 4.92% | 25.08% | 9.37% | 9.61% | 1.76% | 1.00% | ||
Class A Shares at maximum Offering Price | 12/15/06 | (1.20)% | 17.83% | 8.09% | 8.96% | — | — | ||
Russell 1000® Value Index1 | — | 6.93% | 25.16% | 11.16% | 12.97% | — | — | ||
Lipper Multi-Cap Value Funds Classification Average | — | 6.27% | 26.22% | 11.31% | 12.26% | — | — | ||
Class C Shares | 12/15/06 | 4.63% | 24.14% | 8.53% | 8.97% | 2.51% | 1.75% | ||
Class I Shares | 12/15/06 | 4.90% | 25.21% | 9.60% | 9.87% | 1.51% | 0.75% |
Total Returns as of December 31, 2021* | |||||||||
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 | 5.36% | 33.54% | 9.42% | 10.31% | 1.64% | 1.31% | ||
Class A Shares at maximum Offering Price | 12/15/06 | (0.70)% | 25.85% | 8.13% | 9.65% | — | — | ||
Russell 2500® Value Index1 | — | 4.16% | 27.78% | 9.88% | 12.43% | — | — | ||
Lipper Small-Cap Core Funds Classification Average | — | 3.53% | 25.09% | 10.65% | 12.24% | — | — | ||
Class C Shares | 12/15/06 | 4.99% | 32.59% | 8.61% | 9.65% | 2.39% | 2.06% | ||
Class I Shares | 12/15/06 | 5.50% | 33.90% | 9.70% | 10.59% | 1.39% | 1.06% |
Total Returns as of December 31, 2021* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | Since Inception | Gross | Net | |||
Class R6 Shares | 6/30/16 | 5.62% | 34.15% | 9.87% | 12.29% | 1.28% | 0.95% |
Total Returns as of December 31, 2021* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 12/8/04 | 0.07% | 26.43% | 7.38% | 11.42% | 1.37% | 1.20% | ||
Class A Shares at maximum Offering Price | 12/8/04 | (5.69)% | 19.16% | 6.12% | 10.76% | — | — | ||
Russell 2000® Value Index1 | — | 1.24% | 28.27% | 9.07% | 12.03% | — | — | ||
Lipper Small-Cap Core Funds Classification Average | — | 3.53% | 25.09% | 10.65% | 12.24% | — | — | ||
Class C Shares | 12/8/04 | (0.29)% | 25.47% | 6.58% | 10.75% | 2.12% | 1.95% | ||
Class I Shares | 12/8/04 | 0.20% | 26.73% | 7.65% | 11.69% | 1.11% | 0.95% |
Total Returns as of December 31, 2021* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | Since Inception | Gross | Net | |||
Class R6 Shares | 2/15/13 | 0.29% | 26.85% | 7.84% | 10.46% | 0.95% | 0.79% |
Fund Allocation (% of net assets) | |
Common Stocks | 93.6% |
Convertible Preferred Securities | 5.2% |
Other Assets Less Liabilities | 1.2% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Deutsche Post AG | 3.0% |
Siemens AG | 3.0% |
Anthem Inc | 2.7% |
AbbVie Inc | 2.7% |
Cisco Systems Inc | 2.6% |
Portfolio Composition (% of net assets) | |
Banks | 12.6% |
Semiconductors & Semiconductor Equipment | 5.8% |
Chemicals | 5.5% |
Oil, Gas & Consumable Fuels | 4.7% |
Insurance | 4.6% |
Health Care Providers & Services | 4.2% |
Software | 4.2% |
Pharmaceuticals | 3.8% |
Specialty Retail | 3.7% |
Media | 3.3% |
Air Freight & Logistics | 3.1% |
Aerospace & Defense | 3.0% |
Industrial Conglomerates | 3.0% |
Multi-Utilities | 2.7% |
Biotechnology | 2.7% |
Communications Equipment | 2.6% |
Capital Markets | 2.4% |
Food & Staples Retailing | 2.1% |
Entertainment | 1.8% |
IT Services | 1.7% |
Automobiles | 1.7% |
Other 1 | 19.6% |
Other Assets Less Liabilities | 1.2% |
Net Assets | 100% |
Country Allocation2 (% of net assets) | |
United States | 50.1% |
Germany | 10.5% |
Japan | 5.9% |
United Kingdom | 5.0% |
France | 4.8% |
South Korea | 4.0% |
Finland | 2.2% |
China | 2.1% |
Taiwan | 1.8% |
Sweden | 1.6% |
Other | 10.8% |
Other Assets Less Liabilities | 1.2% |
Net Assets | 100% |
1 | See the Portfolio of Investments for the remaining industries comprising "Other" and not listed in the Portfolio Composition above. | |
2 | Includes 7.9% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Other Assets Less Liabilities | 0.7% |
Net Assets Plus Borrowings | 100.6% |
Borrowings | (0.6)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
ING Groep NV | 3.7% |
Siemens AG | 3.7% |
Deutsche Post AG | 3.0% |
Publicis Groupe SA | 3.0% |
Taylor Wimpey PLC | 2.6% |
Portfolio Composition (% of net assets) | |
Banks | 10.2% |
Insurance | 8.0% |
Pharmaceuticals | 7.0% |
Industrial Conglomerates | 5.0% |
Semiconductors & Semiconductor Equipment | 5.0% |
Food & Staples Retailing | 4.3% |
Household Durables | 4.2% |
Capital Markets | 3.8% |
Chemicals | 3.7% |
Technology Hardware, Storage & Peripherals | 3.6% |
Professional Services | 3.5% |
Automobiles | 3.4% |
Metals & Mining | 3.2% |
Air Freight & Logistics | 3.0% |
Media | 3.0% |
Hotels, Restaurants & Leisure | 3.0% |
Oil, Gas & Consumable Fuels | 2.1% |
Diversified Financial Services | 1.9% |
Health Care Providers & Services | 1.9% |
Commercial Services & Supplies | 1.8% |
Other 1 | 18.3% |
Borrowings | (0.6)% |
Other Assets Less Liabilities | 0.7% |
Net Assets | 100% |
Country Allocation2 (% of net assets) | |
Japan | 22.3% |
Germany | 13.4% |
United Kingdom | 11.6% |
France | 9.9% |
Netherlands | 7.5% |
South Korea | 7.3% |
Switzerland | 4.3% |
Belgium | 4.1% |
Australia | 4.1% |
United States | 3.4% |
Other | 12.0% |
Borrowings | (0.6)% |
Other Assets Less Liabilities | 0.7% |
Net Assets | 100% |
1 | See the Portfolio of Investments for the remaining industries comprising "Other" and not listed in the Portfolio Composition above. | |
2 | Includes 13.7% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.6% |
Other Assets Less Liabilities | 0.5% |
Net Assets Plus Borrowings | 100.1% |
Borrowings | (0.1)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 11.0% |
Software | 6.7% |
Biotechnology | 6.1% |
Capital Markets | 5.6% |
Oil, Gas & Consumable Fuels | 5.0% |
Electrical Equipment | 5.0% |
Aerospace & Defense | 4.7% |
Insurance | 4.1% |
Chemicals | 3.8% |
Health Care Providers & Services | 3.2% |
Automobiles | 2.8% |
Interactive Media & Services | 2.8% |
Food & Staples Retailing | 2.7% |
Pharmaceuticals | 2.6% |
Electric Utilities | 2.6% |
Communications Equipment | 2.4% |
Life Sciences Tools & Services | 2.3% |
Diversified Consumer Services | 2.2% |
Semiconductors & Semiconductor Equipment | 2.0% |
IT Services | 1.9% |
Specialty Retail | 1.9% |
Other 1 | 18.2% |
Borrowings | (0.1)% |
Other Assets Less Liabilities | 0.5% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
nVent Electric PLC | 3.3% |
Oracle Corp | 3.0% |
General Dynamics Corp | 2.9% |
General Motors Co | 2.8% |
Walmart Inc | 2.7% |
1 | See the Portfolio of Investments for the remaining industries comprising "Other" and not listed in the Portfolio Composition above. |
Fund Allocation (% of net assets) | |
Common Stocks | 97.6% |
Investments Purchased with Collateral from Securities Lending | 1.5% |
Repurchase Agreements | 2.0% |
Other Assets Less Liabilities | (1.1)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 10.2% |
Biotechnology | 6.1% |
Insurance | 5.8% |
Electrical Equipment | 5.7% |
Oil, Gas & Consumable Fuels | 5.2% |
Capital Markets | 4.9% |
Software | 4.8% |
Aerospace & Defense | 4.3% |
Health Care Providers & Services | 4.2% |
IT Services | 3.4% |
Electric Utilities | 3.4% |
Chemicals | 3.1% |
Interactive Media & Services | 3.1% |
Automobiles | 3.0% |
Pharmaceuticals | 2.9% |
Food & Staples Retailing | 2.7% |
Communications Equipment | 2.3% |
Energy Equipment & Services | 2.0% |
Multi-Utilities | 1.9% |
Other 1 | 18.6% |
Investments Purchased with Collateral from Securities Lending | 1.5% |
Repurchase Agreements | 2.0% |
Other Assets Less Liabilities | (1.1)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Oracle Corp | 3.1% |
JPMorgan Chase & Co | 3.1% |
General Motors Co | 3.0% |
nVent Electric PLC | 3.0% |
Citigroup Inc | 2.9% |
1 | See the Portfolio of Investments for the remaining industries comprising "Other" and not listed in the Portfolio Composition above. |
Fund Allocation (% of net assets) | |
Common Stocks | 95.1% |
Investments Purchased with Collateral from Securities Lending | 0.5% |
Repurchase Agreements | 4.4% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 10.5% |
Equity Real Estate Investment Trust | 8.5% |
Electrical Equipment | 7.0% |
Communications Equipment | 5.5% |
Biotechnology | 4.9% |
Oil, Gas & Consumable Fuels | 4.0% |
Insurance | 3.8% |
Electric Utilities | 3.7% |
Semiconductors & Semiconductor Equipment | 3.3% |
Metals & Mining | 3.2% |
Interactive Media & Services | 3.1% |
Diversified Consumer Services | 2.8% |
Electronic Equipment, Instruments & Components | 2.7% |
Machinery | 2.6% |
Chemicals | 2.6% |
Auto Components | 2.5% |
Capital Markets | 2.4% |
Health Care Providers & Services | 2.1% |
Other 1 | 19.9% |
Investments Purchased with Collateral from Securities Lending | 0.5% |
Repurchase Agreements | 4.4% |
Other Assets Less Liabilities | (0.0)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Western Alliance Bancorp | 3.1% |
nVent Electric PLC | 2.9% |
Houghton Mifflin Harcourt Co | 2.9% |
Ameris Bancorp | 2.7% |
Olin Corp | 2.6% |
1 | See the Portfolio of Investments for the remaining industries comprising "Other" and not listed in the Portfolio Composition above. |
Fund Allocation (% of net assets) | |
Common Stocks | 97.6% |
Investments Purchased with Collateral from Securities Lending | 0.4% |
Repurchase Agreements | 1.6% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 16.4% |
Machinery | 7.9% |
Electrical Equipment | 6.0% |
Biotechnology | 5.5% |
Equity Real Estate Investment Trust | 5.0% |
Semiconductors & Semiconductor Equipment | 4.6% |
Diversified Consumer Services | 4.1% |
Oil, Gas & Consumable Fuels | 4.1% |
Electric Utilities | 3.8% |
Metals & Mining | 3.7% |
Communications Equipment | 3.4% |
Interactive Media & Services | 3.0% |
Electronic Equipment, Instruments & Components | 3.0% |
Capital Markets | 2.4% |
Energy Equipment & Services | 2.4% |
Health Care Providers & Services | 2.1% |
Software | 2.1% |
Other 1 | 18.1% |
Investments Purchased with Collateral from Securities Lending | 0.4% |
Repurchase Agreements | 1.6% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
nVent Electric PLC | 3.0% |
HomeStreet Inc | 2.9% |
Houghton Mifflin Harcourt Co | 2.9% |
Banc of California Inc | 2.7% |
Cowen Inc | 2.4% |
1 | See the Portfolio of Investments for the remaining industries comprising "Other" and not listed in the Portfolio Composition above. |
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 | $1,046.45 | $1,042.58 | $1,047.43 |
Expenses Incurred During the Period | $ 5.67 | $ 9.52 | $ 4.39 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.66 | $1,015.88 | $1,020.92 |
Expenses Incurred During the Period | $ 5.60 | $ 9.40 | $ 4.33 |
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 | $ 995.59 | $ 991.75 | $ 996.92 |
Expenses Incurred During the Period | $ 5.73 | $ 9.49 | $ 4.48 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.46 | $1,015.68 | $1,020.72 |
Expenses Incurred During the Period | $ 5.80 | $ 9.60 | $ 4.53 |
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 | $1,016.89 | $1,013.27 | $1,018.31 |
Expenses Incurred During the Period | $ 5.80 | $ 9.59 | $ 4.53 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.46 | $1,015.68 | $1,020.72 |
Expenses Incurred During the Period | $ 5.80 | $ 9.60 | $ 4.53 |
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 | $1,049.24 | $1,046.27 | $1,048.99 |
Expenses Incurred During the Period | $ 5.11 | $ 8.97 | $ 3.82 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,020.21 | $1,016.43 | $1,021.48 |
Expenses Incurred During the Period | $ 5.04 | $ 8.84 | $ 3.77 |
Share Class | ||||
Class A | Class C | Class R6 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,053.62 | $1,049.86 | $1,056.21 | $1,054.97 |
Expenses Incurred During the Period | $ 6.73 | $ 10.59 | $ 4.35 | $ 5.44 |
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 | $1,018.65 | $1,014.87 | $1,020.97 | $1,019.91 |
Expenses Incurred During the Period | $ 6.61 | $ 10.41 | $ 4.28 | $ 5.35 |
Share Class | ||||
Class A | Class C | Class R6 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,000.70 | $ 997.13 | $1,002.89 | $1,002.00 |
Expenses Incurred During the Period | $ 6.00 | $ 9.77 | $ 4.04 | $ 4.74 |
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 | $1,019.21 | $1,015.43 | $1,021.17 | $1,020.47 |
Expenses Incurred During the Period | $ 6.06 | $ 9.86 | $ 4.08 | $ 4.79 |
Shares | Description (1) | Value | ||||||
LONG-TERM INVESTMENTS – 98.8% | ||||||||
COMMON STOCKS – 93.6% | ||||||||
Aerospace & Defense – 3.0% | ||||||||
20,234 | Airbus SE, (2), (3) | $2,588,815 | ||||||
11,712 | General Dynamics Corp | 2,441,601 | ||||||
Total Aerospace & Defense | 5,030,416 | |||||||
Air Freight & Logistics – 3.1% | ||||||||
78,748 | Deutsche Post AG, (2) | 5,065,131 | ||||||
Automobiles – 1.7% | ||||||||
48,670 | General Motors Co, (3) | 2,853,522 | ||||||
Banks – 12.6% | ||||||||
191,711 | Bank Leumi Le-Israel BM, (2) | 2,056,295 | ||||||
51,097 | Citigroup Inc | 3,085,748 | ||||||
179,319 | ING Groep NV, (2) | 2,493,072 | ||||||
22,366 | JPMorgan Chase & Co | 3,541,656 | ||||||
300,985 | Nordea Bank Abp, (2) | 3,687,692 | ||||||
267,620 | Oversea-Chinese Banking Corp Ltd, (2) | 2,265,068 | ||||||
77,148 | Wells Fargo & Co | 3,701,561 | ||||||
Total Banks | 20,831,092 | |||||||
Biotechnology – 2.7% | ||||||||
32,681 | AbbVie Inc | 4,425,007 | ||||||
Capital Markets – 2.4% | ||||||||
14,886 | Deutsche Boerse AG, (2) | 2,485,581 | ||||||
27,572 | SK Square Co Ltd, (3) | 1,540,089 | ||||||
Total Capital Markets | 4,025,670 | |||||||
Chemicals – 5.5% | ||||||||
14,326 | Air Liquide SA, (2) | 2,498,516 | ||||||
49,961 | DuPont de Nemours Inc | 4,035,850 | ||||||
33,462 | Nutrien Ltd | 2,515,172 | ||||||
Total Chemicals | 9,049,538 | |||||||
Communications Equipment – 2.6% | ||||||||
66,979 | Cisco Systems Inc | 4,244,459 | ||||||
Electric Utilities – 0.8% | ||||||||
156,166 | Enel SpA, (2) | 1,248,715 |
Shares | Description (1) | Value | ||||||
Electrical Equipment – 1.5% | ||||||||
14,346 | Eaton Corp PLC | $ 2,479,276 | ||||||
Entertainment – 1.8% | ||||||||
6,400 | Nintendo Co Ltd, (2) | 2,994,285 | ||||||
Food & Staples Retailing – 2.1% | ||||||||
23,846 | Walmart Inc | 3,450,278 | ||||||
Food Products – 1.2% | ||||||||
976,074 | Tingyi Cayman Islands Holding Corp, (2) | 2,007,385 | ||||||
Health Care Equipment & Supplies – 1.5% | ||||||||
23,891 | Medtronic PLC | 2,471,524 | ||||||
Health Care Providers & Services – 4.2% | ||||||||
9,675 | Anthem Inc | 4,484,749 | ||||||
38,721 | Fresenius Medical Care AG & Co KGaA, (2) | 2,510,213 | ||||||
Total Health Care Providers & Services | 6,994,962 | |||||||
Hotels, Restaurants & Leisure – 0.8% | ||||||||
8,266 | Darden Restaurants Inc | 1,245,190 | ||||||
Household Durables – 1.4% | ||||||||
41,906 | PulteGroup Inc | 2,395,347 | ||||||
Industrial Conglomerates – 3.0% | ||||||||
28,725 | Siemens AG, (2) | 4,975,250 | ||||||
Insurance – 4.6% | ||||||||
47,780 | Ageas SA/NV, (2) | 2,474,395 | ||||||
10,054 | Allianz SE, (2) | 2,371,322 | ||||||
10,391 | Everest Re Group Ltd | 2,846,303 | ||||||
Total Insurance | 7,692,020 | |||||||
IT Services – 1.7% | ||||||||
11,658 | Capgemini SE, (2) | 2,857,148 | ||||||
Machinery – 1.6% | ||||||||
94,807 | Sandvik AB, (2) | 2,642,605 | ||||||
Media – 3.3% | ||||||||
60,649 | Comcast Corp, Class A | 3,052,464 | ||||||
143,200 | Hakuhodo DY Holdings Inc, (2) | 2,382,841 | ||||||
Total Media | 5,435,305 | |||||||
Metals & Mining – 1.5% | ||||||||
82,087 | BHP Group PLC, (2) | 2,442,476 |
Shares | Description (1) | Value | ||||||
Multi-Utilities – 2.7% | ||||||||
31,915 | Dominion Energy Inc | $2,507,243 | ||||||
139,285 | National Grid PLC, (2) | 2,008,390 | ||||||
Total Multi-Utilities | 4,515,633 | |||||||
Oil, Gas & Consumable Fuels – 4.7% | ||||||||
33,357 | Chevron Corp | 3,914,444 | ||||||
176,070 | Enterprise Products Partners LP | 3,866,497 | ||||||
Total Oil, Gas & Consumable Fuels | 7,780,941 | |||||||
Personal Products – 1.2% | ||||||||
38,700 | Kao Corp, (2) | 2,026,885 | ||||||
Pharmaceuticals – 3.8% | ||||||||
63,453 | AstraZeneca PLC, Sponsored ADR | 3,696,137 | ||||||
119,512 | GlaxoSmithKline PLC, (2) | 2,602,105 | ||||||
Total Pharmaceuticals | 6,298,242 | |||||||
Semiconductors & Semiconductor Equipment – 2.9% | ||||||||
34,627 | Intel Corp | 1,783,291 | ||||||
70,000 | MediaTek Inc, (2) | 3,003,665 | ||||||
Total Semiconductors & Semiconductor Equipment | 4,786,956 | |||||||
Software – 4.2% | ||||||||
12,160 | Microsoft Corp | 4,089,651 | ||||||
32,503 | Oracle Corp | 2,834,587 | ||||||
Total Software | 6,924,238 | |||||||
Specialty Retail – 3.7% | ||||||||
65,604 | Industria de Diseno Textil SA, (2) | 2,115,731 | ||||||
9,530 | Lowe's Cos Inc | 2,463,314 | ||||||
1,472,000 | Topsports International Holdings Ltd, 144A, (2) | 1,490,893 | ||||||
Total Specialty Retail | 6,069,938 | |||||||
Technology Hardware, Storage & Peripherals – 1.6% | ||||||||
44,000 | Samsung Electronics Co Ltd, (2) | 2,630,569 | ||||||
Tobacco – 1.3% | ||||||||
22,151 | Philip Morris International Inc | 2,104,345 | ||||||
Trading Companies & Distributors – 1.4% | ||||||||
99,900 | Mitsui & Co Ltd, (2) | 2,367,416 | ||||||
Wireless Telecommunication Services – 1.5% | ||||||||
50,135 | SK Telecom Co Ltd, (2) | 2,436,381 | ||||||
Total Common Stocks (cost $117,704,956) | 154,798,145 |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 5.2% |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||||
Health Care Technology – 1.0% | ||||||||
22,500 | Change Healthcare Inc | 6.000% | N/R | $ 1,581,075 | ||||
Life Sciences Tools & Services – 1.3% | ||||||||
17,065 | Avantor Inc | 6.250% | N/R | 2,204,969 | ||||
Semiconductors & Semiconductor Equipment – 2.9% | ||||||||
2,300 | Broadcom Inc | 8.000% | N/R | 4,773,397 | ||||
Total Convertible Preferred Securities (cost $5,486,876) | 8,559,441 | |||||||
Total Long-Term Investments (cost $123,191,832) | 163,357,586 | |||||||
Other Assets Less Liabilities – 1.2% | 2,028,030 | |||||||
Net Assets – 100% | $ 165,385,616 |
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. | |
(3) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(4) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
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 – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Aerospace & Defense – 1.5% | ||||||
19,086 | Thales SA, (2) | $ 1,623,580 | ||||
Air Freight & Logistics – 3.0% | ||||||
50,410 | Deutsche Post AG, (2) | 3,242,409 | ||||
Airlines – 1.6% | ||||||
90,800 | Japan Airlines Co Ltd, (2), (3) | 1,723,684 | ||||
Automobiles – 3.4% | ||||||
12,639 | Hyundai Motor Co, (2) | 1,045,675 | ||||
14,224 | Toyota Motor Corp, ADR | 2,635,707 | ||||
Total Automobiles | 3,681,382 | |||||
Banks – 10.2% | ||||||
654,466 | Barclays PLC, (2) | 1,667,095 | ||||
288,028 | ING Groep NV, (2) | 4,004,454 | ||||
155,832 | Oversea-Chinese Banking Corp Ltd, (2) | 1,318,923 | ||||
62,300 | Sumitomo Mitsui Financial Group Inc, (2) | 2,127,375 | ||||
1,814,670 | Unicaja Banco SA,144A, (2) | 1,785,360 | ||||
Total Banks | 10,903,207 | |||||
Capital Markets – 3.8% | ||||||
29,027 | SK Square Co Ltd, (3) | 1,621,361 | ||||
139,846 | UBS Group AG | 2,499,048 | ||||
Total Capital Markets | 4,120,409 | |||||
Chemicals – 3.7% | ||||||
929,624 | Incitec Pivot Ltd, (2) | 2,197,345 | ||||
23,583 | Nutrien Ltd | 1,772,617 | ||||
Total Chemicals | 3,969,962 | |||||
Commercial Services & Supplies – 1.8% | ||||||
75,700 | Dai Nippon Printing Co Ltd, (2) | 1,905,128 | ||||
Diversified Financial Services – 1.9% | ||||||
18,675 | Groupe Bruxelles Lambert SA, (2) | 2,085,752 | ||||
Diversified Telecommunication Services – 1.4% | ||||||
56,086 | Nippon Telegraph & Telephone Corp, ADR | 1,537,317 | ||||
Electrical Equipment – 1.4% | ||||||
44,631 | Mabuchi Motor Co Ltd, (2) | 1,476,216 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 1.4% | ||||||
82,218 | Flex Ltd, (3) | $ 1,507,056 | ||||
Energy Equipment & Services – 1.7% | ||||||
122,027 | Technip Energies NV, (2), (3) | 1,785,162 | ||||
Food & Staples Retailing – 4.3% | ||||||
49,300 | Seven & i Holdings Co Ltd, (2) | 2,168,608 | ||||
609,413 | Tesco PLC, (2) | 2,399,304 | ||||
Total Food & Staples Retailing | 4,567,912 | |||||
Health Care Providers & Services – 1.9% | ||||||
31,394 | Fresenius Medical Care AG & Co KGaA, (2) | 2,035,216 | ||||
Hotels, Restaurants & Leisure – 3.0% | ||||||
46,286 | Accor SA, (2), (3) | 1,500,287 | ||||
716,091 | Sands China Ltd, (2), (3) | 1,661,902 | ||||
Total Hotels, Restaurants & Leisure | 3,162,189 | |||||
Household Durables – 4.2% | ||||||
82,764 | Sekisui House Ltd, (2) | 1,780,728 | ||||
1,164,888 | Taylor Wimpey PLC, (2) | 2,777,242 | ||||
Total Household Durables | 4,557,970 | |||||
Industrial Conglomerates – 5.0% | ||||||
656,259 | Melrose Industries PLC, (2) | 1,427,221 | ||||
22,585 | Siemens AG, (2) | 3,911,785 | ||||
Total Industrial Conglomerates | 5,339,006 | |||||
Insurance – 8.0% | ||||||
45,071 | Ageas SA/NV, (2) | 2,334,103 | ||||
6,978 | Allianz SE, (2) | 1,645,821 | ||||
38,693 | Axis Capital Holdings Ltd | 2,107,608 | ||||
59,300 | Sompo Holdings Inc, (2) | 2,500,900 | ||||
Total Insurance | 8,588,432 | |||||
Interactive Media & Services – 1.3% | ||||||
9,585 | Baidu Inc, ADR, (3) | 1,426,152 | ||||
Machinery – 1.4% | ||||||
65,485 | Komatsu Ltd, (2) | 1,531,431 | ||||
Media – 3.0% | ||||||
48,053 | Publicis Groupe SA, (2) | 3,237,525 | ||||
Metals & Mining – 3.2% | ||||||
74,426 | BHP Group PLC, (2) | 2,214,524 | ||||
2,809 | Korea Zinc Co Ltd, (2), (3) | 1,208,631 | ||||
Total Metals & Mining | 3,423,155 |
Shares | Description (1) | Value | ||||
Multi-Utilities – 1.5% | ||||||
108,337 | National Grid PLC, (2) | $ 1,562,142 | ||||
Oil, Gas & Consumable Fuels – 2.1% | ||||||
52,790 | Royal Dutch Shell PLC, Sponsored ADR | 2,288,446 | ||||
Pharmaceuticals – 7.0% | ||||||
25,835 | Bayer AG, (2) | 1,379,700 | ||||
120,749 | GlaxoSmithKline PLC, (2) | 2,629,038 | ||||
25,260 | Sanofi, (2) | 2,534,688 | ||||
35,500 | Takeda Pharmaceutical Co Ltd, (2) | 969,444 | ||||
Total Pharmaceuticals | 7,512,870 | |||||
Professional Services – 3.5% | ||||||
40,757 | Adecco Group AG, (2) | 2,076,869 | ||||
14,598 | Wolters Kluwer NV, (2) | 1,718,197 | ||||
Total Professional Services | 3,795,066 | |||||
Real Estate Management & Development – 1.1% | ||||||
235,354 | City Developments Ltd, (2) | 1,190,747 | ||||
Semiconductors & Semiconductor Equipment – 5.0% | ||||||
37,558 | AIXTRON SE, (2) | 760,753 | ||||
57,800 | MediaTek Inc, (2) | 2,480,170 | ||||
22,900 | Rohm Co Ltd, (2) | 2,083,199 | ||||
Total Semiconductors & Semiconductor Equipment | 5,324,122 | |||||
Software – 1.3% | ||||||
10,060 | SAP SE, (2) | 1,415,839 | ||||
Specialty Retail – 1.2% | ||||||
1,266,000 | Topsports International Holdings Ltd,144A, (2) | 1,282,249 | ||||
Technology Hardware, Storage & Peripherals – 3.6% | ||||||
20,200 | FUJIFILM Holdings Corp, (2) | 1,497,512 | ||||
39,138 | Samsung Electronics Co Ltd, (2) | 2,339,891 | ||||
Total Technology Hardware, Storage & Peripherals | 3,837,403 | |||||
Wireless Telecommunication Services – 1.5% | ||||||
33,975 | SK Telecom Co Ltd, (2) | 1,651,063 | ||||
Total Long-Term Investments (cost $76,189,657) | 107,290,199 | |||||
Borrowings – (0.6)% | (660,895) | |||||
Other Assets Less Liabilities – 0.7% | 807,533 | |||||
Net Assets – 100% | $ 107,436,837 |
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. | |
(3) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.6% | ||||||
COMMON STOCKS – 99.6% | ||||||
Aerospace & Defense – 4.7% | ||||||
10,986 | Curtiss-Wright Corp | $1,523,429 | ||||
11,262 | General Dynamics Corp | 2,347,789 | ||||
Total Aerospace & Defense | 3,871,218 | |||||
Automobiles – 2.8% | ||||||
40,008 | General Motors Co, (2) | 2,345,669 | ||||
Banks – 11.0% | ||||||
26,555 | Bank of NT Butterfield & Son Ltd | 1,012,011 | ||||
34,430 | Citigroup Inc | 2,079,228 | ||||
57,160 | First Horizon Corp | 933,423 | ||||
17,488 | HomeStreet Inc | 909,376 | ||||
13,184 | JPMorgan Chase & Co | 2,087,686 | ||||
42,951 | Wells Fargo & Co | 2,060,789 | ||||
Total Banks | 9,082,513 | |||||
Biotechnology – 6.1% | ||||||
9,490 | AbbVie Inc | 1,284,946 | ||||
1,076,725 | ADMA Biologics Inc, (2) | 1,518,182 | ||||
378,537 | Rigel Pharmaceuticals Inc, (2) | 1,003,123 | ||||
5,400 | Vertex Pharmaceuticals Inc, (2) | 1,185,840 | ||||
Total Biotechnology | 4,992,091 | |||||
Capital Markets – 5.6% | ||||||
14,852 | B Riley Financial Inc | 1,319,749 | ||||
36,148 | Cowen Inc | 1,304,943 | ||||
9,128 | Morgan Stanley | 896,004 | ||||
11,802 | State Street Corp | 1,097,586 | ||||
Total Capital Markets | 4,618,282 | |||||
Chemicals – 3.8% | ||||||
15,079 | DuPont de Nemours Inc | 1,218,082 | ||||
21,400 | Innospec Inc | 1,933,276 | ||||
Total Chemicals | 3,151,358 | |||||
Communications Equipment – 2.4% | ||||||
44,405 | Viasat Inc, (2) | 1,977,799 | ||||
Consumer Finance – 1.6% | ||||||
11,193 | Discover Financial Services | 1,293,463 |
Shares | Description (1) | Value | ||||
Diversified Consumer Services – 2.2% | ||||||
110,503 | Houghton Mifflin Harcourt Co, (2) | $ 1,779,098 | ||||
Electric Utilities – 2.6% | ||||||
19,862 | Alliant Energy Corp | 1,220,917 | ||||
13,055 | Pinnacle West Capital Corp | 921,552 | ||||
Total Electric Utilities | 2,142,469 | |||||
Electrical Equipment – 5.0% | ||||||
25,831 | Bloom Energy Corp, (2) | 566,474 | ||||
3,796 | Hubbell Inc | 790,593 | ||||
71,704 | nVent Electric PLC | 2,724,752 | ||||
Total Electrical Equipment | 4,081,819 | |||||
Energy Equipment & Services – 1.8% | ||||||
63,074 | Baker Hughes Co | 1,517,560 | ||||
Entertainment – 1.7% | ||||||
20,426 | Activision Blizzard Inc | 1,358,942 | ||||
Equity Real Estate Investment Trust – 1.7% | ||||||
29,658 | STAG Industrial Inc | 1,422,398 | ||||
Food & Staples Retailing – 2.7% | ||||||
15,414 | Walmart Inc | 2,230,252 | ||||
Health Care Equipment & Supplies – 1.4% | ||||||
11,232 | Medtronic PLC | 1,161,950 | ||||
Health Care Providers & Services – 3.2% | ||||||
4,206 | Anthem Inc | 1,949,649 | ||||
10,568 | Encompass Health Corp | 689,668 | ||||
Total Health Care Providers & Services | 2,639,317 | |||||
Health Care Technology – 1.5% | ||||||
58,211 | Change Healthcare Inc, (2) | 1,244,551 | ||||
Hotels, Restaurants & Leisure – 1.6% | ||||||
34,852 | Brinker International Inc, (2) | 1,275,235 | ||||
Household Durables – 1.6% | ||||||
22,613 | PulteGroup Inc | 1,292,559 | ||||
Insurance – 4.1% | ||||||
3,445 | Aon PLC, Class A | 1,035,429 | ||||
13,338 | Globe Life Inc | 1,250,037 | ||||
6,562 | RenaissanceRe Holdings Ltd | 1,111,144 | ||||
Total Insurance | 3,396,610 |
Shares | Description (1) | Value | ||||
Interactive Media & Services – 2.8% | ||||||
42,489 | TripAdvisor Inc, (2) | $1,158,250 | ||||
31,702 | Yelp Inc, (2) | 1,148,881 | ||||
Total Interactive Media & Services | 2,307,131 | |||||
IT Services – 1.9% | ||||||
15,298 | Fiserv Inc, (2) | 1,587,779 | ||||
Life Sciences Tools & Services – 2.3% | ||||||
18,774 | Syneos Health Inc, (2) | 1,927,714 | ||||
Machinery – 1.4% | ||||||
38,761 | Flowserve Corp | 1,186,087 | ||||
Media – 1.3% | ||||||
21,663 | Comcast Corp, Class A | 1,090,299 | ||||
Multi-Utilities – 1.7% | ||||||
17,730 | Dominion Energy Inc | 1,392,869 | ||||
Oil, Gas & Consumable Fuels – 5.0% | ||||||
10,061 | Cheniere Energy Inc | 1,020,386 | ||||
13,125 | Hess Corp | 971,644 | ||||
49,005 | Royal Dutch Shell PLC, Sponsored ADR | 2,124,367 | ||||
Total Oil, Gas & Consumable Fuels | 4,116,397 | |||||
Pharmaceuticals – 2.6% | ||||||
14,050 | AstraZeneca PLC, Sponsored ADR | 818,413 | ||||
30,042 | GlaxoSmithKline PLC, ADR | 1,324,852 | ||||
Total Pharmaceuticals | 2,143,265 | |||||
Semiconductors & Semiconductor Equipment – 2.0% | ||||||
57,239 | Rambus Inc, (2) | 1,682,254 | ||||
Software – 6.7% | ||||||
53,523 | NortonLifeLock Inc | 1,390,527 | ||||
28,223 | Oracle Corp | 2,461,328 | ||||
38,809 | Teradata Corp, (2) | 1,648,218 | ||||
Total Software | 5,500,073 | |||||
Specialty Retail – 1.9% | ||||||
61,618 | American Eagle Outfitters Inc | 1,560,168 | ||||
Wireless Telecommunication Services – 0.9% | ||||||
6,113 | T-Mobile US Inc, (2) | 708,986 | ||||
Total Long-Term Investments (cost $64,459,047) | 82,078,175 | |||||
Borrowings – (0.1)% | (98,775) | |||||
Other Assets Less Liabilities – 0.5% | 454,697 | |||||
Net Assets – 100% | $ 82,434,097 |
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 – 97.6% | ||||||
COMMON STOCKS – 97.6% | ||||||
Aerospace & Defense – 4.3% | ||||||
2,497 | General Dynamics Corp | $520,549 | ||||
3,515 | Raytheon Technologies Corp | 302,501 | ||||
Total Aerospace & Defense | 823,050 | |||||
Automobiles – 3.0% | ||||||
9,861 | General Motors Co, (2) | 578,150 | ||||
Banks – 10.2% | ||||||
9,291 | Citigroup Inc | 561,083 | ||||
17,484 | First Horizon Corp | 285,514 | ||||
3,711 | JPMorgan Chase & Co | 587,637 | ||||
10,590 | Wells Fargo & Co | 508,108 | ||||
Total Banks | 1,942,342 | |||||
Beverages – 1.5% | ||||||
4,790 | Coca-Cola Co | 283,616 | ||||
Biotechnology – 6.1% | ||||||
3,056 | AbbVie Inc | 413,782 | ||||
3,469 | Horizon Therapeutics Plc, (2) | 373,819 | ||||
1,706 | Vertex Pharmaceuticals Inc, (2) | 374,638 | ||||
Total Biotechnology | 1,162,239 | |||||
Capital Markets – 4.9% | ||||||
5,411 | KKR & Co Inc | 403,120 | ||||
2,440 | Morgan Stanley | 239,510 | ||||
3,059 | State Street Corp | 284,487 | ||||
Total Capital Markets | 927,117 | |||||
Chemicals – 3.1% | ||||||
4,398 | DuPont de Nemours Inc | 355,270 | ||||
4,182 | Olin Corp | 240,549 | ||||
Total Chemicals | 595,819 | |||||
Communications Equipment – 2.3% | ||||||
9,724 | Viasat Inc, (2) | 433,107 | ||||
Consumer Finance – 1.6% | ||||||
2,619 | Discover Financial Services | 302,652 |
Shares | Description (1) | Value | ||||
Electric Utilities – 3.4% | ||||||
3,986 | Alliant Energy Corp | $245,020 | ||||
3,433 | Evergy Inc | 235,538 | ||||
2,443 | Pinnacle West Capital Corp | 172,451 | ||||
Total Electric Utilities | 653,009 | |||||
Electrical Equipment – 5.7% | ||||||
1,848 | Eaton Corp PLC | 319,371 | ||||
909 | Hubbell Inc | 189,318 | ||||
15,041 | nVent Electric PLC | 571,558 | ||||
Total Electrical Equipment | 1,080,247 | |||||
Energy Equipment & Services – 2.0% | ||||||
15,931 | Baker Hughes Co | 383,300 | ||||
Entertainment – 1.5% | ||||||
4,460 | Activision Blizzard Inc | 296,724 | ||||
Equity Real Estate Investment Trust – 1.5% | ||||||
1,324 | Alexandria Real Estate Equities Inc | 295,199 | ||||
Food & Staples Retailing – 2.7% | ||||||
3,564 | Walmart Inc | 515,675 | ||||
Health Care Equipment & Supplies – 1.4% | ||||||
2,677 | Medtronic PLC | 276,936 | ||||
Health Care Providers & Services – 4.2% | ||||||
1,149 | Anthem Inc | 532,607 | ||||
1,571 | Quest Diagnostics Inc | 271,799 | ||||
Total Health Care Providers & Services | 804,406 | |||||
Hotels, Restaurants & Leisure – 1.3% | ||||||
6,457 | Las Vegas Sands Corp, (2) | 243,041 | ||||
Household Durables – 1.7% | ||||||
5,533 | PulteGroup Inc | 316,266 | ||||
Insurance – 5.8% | ||||||
5,488 | American International Group Inc | 312,048 | ||||
798 | Aon PLC, Class A | 239,847 | ||||
3,305 | Globe Life Inc | 309,745 | ||||
1,480 | RenaissanceRe Holdings Ltd | 250,608 | ||||
Total Insurance | 1,112,248 | |||||
Interactive Media & Services – 3.1% | ||||||
116 | Alphabet Inc, Class A, (2) | 336,057 | ||||
9,110 | TripAdvisor Inc, (2) | 248,338 | ||||
Total Interactive Media & Services | 584,395 |
Shares | Description (1) | Value | ||||
IT Services – 3.4% | ||||||
4,204 | Fiserv Inc, (2) | $436,333 | ||||
1,660 | International Business Machines Corp | 221,876 | ||||
Total IT Services | 658,209 | |||||
Life Sciences Tools & Services – 1.5% | ||||||
2,774 | Syneos Health Inc, (2) | 284,834 | ||||
Media – 1.3% | ||||||
4,935 | Comcast Corp, Class A | 248,379 | ||||
Metals & Mining – 1.5% | ||||||
4,804 | BHP Group PLC, Sponsored ADR, (3) | 287,135 | ||||
Multi-Utilities – 1.9% | ||||||
4,596 | Dominion Energy Inc | 361,062 | ||||
Oil, Gas & Consumable Fuels – 5.2% | ||||||
2,180 | Cheniere Energy Inc | 221,096 | ||||
3,171 | Hess Corp | 234,749 | ||||
12,247 | Royal Dutch Shell PLC, Sponsored ADR | 530,907 | ||||
Total Oil, Gas & Consumable Fuels | 986,752 | |||||
Pharmaceuticals – 2.9% | ||||||
4,113 | AstraZeneca PLC, Sponsored ADR | 239,582 | ||||
7,255 | GlaxoSmithKline PLC, ADR | 319,946 | ||||
Total Pharmaceuticals | 559,528 | |||||
Semiconductors & Semiconductor Equipment – 1.1% | ||||||
4,144 | Intel Corp | 213,416 | ||||
Software – 4.8% | ||||||
12,831 | NortonLifeLock Inc | 333,349 | ||||
6,774 | Oracle Corp | 590,761 | ||||
Total Software | 924,110 | |||||
Tobacco – 1.8% | ||||||
3,562 | Philip Morris International Inc | 338,390 | ||||
Wireless Telecommunication Services – 0.9% | ||||||
1,544 | T-Mobile US Inc, (2) | 179,073 | ||||
Total Long-Term Investments (cost $13,071,082) | 18,650,426 |
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 1.5% | ||||||
MONEY MARKET FUNDS – 1.5% | ||||||
290,064 | State Street Navigator Securities Lending Government Money Market Portfolio, (4) | 0.030% (5) | $ 290,064 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $290,064) | 290,064 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.0% | ||||||
REPURCHASE AGREEMENTS – 2.0% | ||||||
$ 374 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/21,repurchase price $374,460, collateralized by $384,600, U.S. Treasury Bond, 1.875%, due 2/15/41, value $382,031 | 0.000% | 1/03/22 | $ 374,460 | ||
Total Short-Term Investments (cost $374,460) | 374,460 | |||||
Total Investments (cost $13,735,606) – 101.1% | 19,314,950 | |||||
Other Assets Less Liabilities – (1.1)% | (212,162) | |||||
Net Assets – 100% | $ 19,102,788 |
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. | |
(3) | 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 $284,206. | |
(4) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. | |
(5) | The rate shown is the one-day yield as of the end of the reporting period. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 95.1% | ||||||
COMMON STOCKS – 95.1% | ||||||
Aerospace & Defense – 2.0% | ||||||
6,009 | Curtiss-Wright Corp | $ 833,268 | ||||
Auto Components – 2.5% | ||||||
12,895 | BorgWarner Inc | 581,178 | ||||
22,400 | Goodyear Tire & Rubber Co, (2) | 477,568 | ||||
Total Auto Components | 1,058,746 | |||||
Banks – 10.5% | ||||||
22,757 | Ameris Bancorp | 1,130,568 | ||||
20,108 | HomeStreet Inc | 1,045,616 | ||||
20,137 | PacWest Bancorp | 909,588 | ||||
12,118 | Western Alliance Bancorp | 1,304,503 | ||||
Total Banks | 4,390,275 | |||||
Biotechnology – 4.9% | ||||||
402,546 | ADMA Biologics Inc, (2), (3) | 567,590 | ||||
29,690 | Coherus Biosciences Inc, (2) | 473,852 | ||||
137,111 | Rigel Pharmaceuticals Inc, (2) | 363,344 | ||||
2,894 | United Therapeutics Corp, (2) | 625,336 | ||||
Total Biotechnology | 2,030,122 | |||||
Building Products – 1.7% | ||||||
8,268 | Builders FirstSource Inc, (2) | 708,650 | ||||
Capital Markets – 2.4% | ||||||
27,261 | Cowen Inc | 984,122 | ||||
Chemicals – 2.6% | ||||||
18,666 | Olin Corp | 1,073,668 | ||||
Communications Equipment – 5.5% | ||||||
10,555 | Ciena Corp, (2) | 812,418 | ||||
22,506 | Juniper Networks Inc | 803,689 | ||||
14,873 | Viasat Inc, (2) | 662,444 | ||||
Total Communications Equipment | 2,278,551 | |||||
Diversified Consumer Services – 2.8% | ||||||
73,785 | Houghton Mifflin Harcourt Co, (2) | 1,187,938 | ||||
Electric Utilities – 3.7% | ||||||
4,451 | IDACORP Inc | 504,343 |
Shares | Description (1) | Value | ||||
Electric Utilities (continued) | ||||||
16,334 | OGE Energy Corp | $626,899 | ||||
5,692 | Pinnacle West Capital Corp | 401,798 | ||||
Total Electric Utilities | 1,533,040 | |||||
Electrical Equipment – 7.0% | ||||||
9,755 | EnerSys | 771,231 | ||||
4,338 | Hubbell Inc | 903,475 | ||||
32,272 | nVent Electric PLC | 1,226,336 | ||||
Total Electrical Equipment | 2,901,042 | |||||
Electronic Equipment, Instruments & Components – 2.7% | ||||||
10,327 | Belden Inc | 678,794 | ||||
20,366 | Vishay Intertechnology Inc | 445,404 | ||||
Total Electronic Equipment, Instruments & Components | 1,124,198 | |||||
Energy Equipment & Services – 1.0% | ||||||
30,087 | NOV Inc | 407,679 | ||||
Equity Real Estate Investment Trust – 8.5% | ||||||
11,765 | American Homes 4 Rent, Class A | 513,071 | ||||
31,576 | Brandywine Realty Trust | 423,750 | ||||
16,027 | Iron Mountain Inc | 838,693 | ||||
60,466 | SITE Centers Corp | 957,177 | ||||
17,058 | STAG Industrial Inc | 818,102 | ||||
Total Equity Real Estate Investment Trust | 3,550,793 | |||||
Food Products – 1.3% | ||||||
27,200 | Hostess Brands Inc, (2) | 555,424 | ||||
Gas Utilities – 0.5% | ||||||
3,157 | National Fuel Gas Co | 201,859 | ||||
Health Care Providers & Services – 2.1% | ||||||
10,716 | Tenet Healthcare Corp, (2) | 875,390 | ||||
Health Care Technology – 1.4% | ||||||
27,129 | Change Healthcare Inc, (2) | 580,018 | ||||
Hotels, Restaurants & Leisure – 1.1% | ||||||
12,234 | Brinker International Inc, (2) | 447,642 | ||||
Household Durables – 1.5% | ||||||
11,077 | PulteGroup Inc | 633,161 | ||||
Insurance – 3.8% | ||||||
7,269 | eHealth Inc, (2) | 185,360 | ||||
3,168 | Everest Re Group Ltd | 867,779 |
Shares | Description (1) | Value | ||||
Insurance (continued) | ||||||
5,457 | Globe Life Inc | $ 511,430 | ||||
Total Insurance | 1,564,569 | |||||
Interactive Media & Services – 3.1% | ||||||
25,545 | TripAdvisor Inc, (2) | 696,357 | ||||
16,369 | Yelp Inc, (2) | 593,212 | ||||
Total Interactive Media & Services | 1,289,569 | |||||
IT Services – 1.5% | ||||||
5,322 | Euronet Worldwide Inc, (2) | 634,223 | ||||
Life Sciences Tools & Services – 1.7% | ||||||
7,033 | Syneos Health Inc, (2) | 722,148 | ||||
Machinery – 2.6% | ||||||
12,054 | Federal Signal Corp | 522,420 | ||||
18,959 | Flowserve Corp | 580,146 | ||||
Total Machinery | 1,102,566 | |||||
Metals & Mining – 3.2% | ||||||
7,983 | Materion Corp | 733,957 | ||||
3,739 | Reliance Steel & Aluminum Co | 606,541 | ||||
Total Metals & Mining | 1,340,498 | |||||
Oil, Gas & Consumable Fuels – 4.0% | ||||||
9,570 | Chesapeake Energy Corp | 617,456 | ||||
55,146 | Magnolia Oil & Gas Corp | 1,040,605 | ||||
Total Oil, Gas & Consumable Fuels | 1,658,061 | |||||
Pharmaceuticals – 1.0% | ||||||
3,135 | Jazz Pharmaceuticals PLC, (2) | 399,399 | ||||
Road & Rail – 1.8% | ||||||
12,077 | Knight-Swift Transportation Holdings Inc | 735,972 | ||||
Semiconductors & Semiconductor Equipment – 3.3% | ||||||
4,264 | First Solar Inc, (2) | 371,650 | ||||
33,664 | Rambus Inc, (2) | 989,385 | ||||
Total Semiconductors & Semiconductor Equipment | 1,361,035 | |||||
Software – 2.1% | ||||||
20,499 | Teradata Corp, (2) | 870,593 | ||||
Specialty Retail – 1.3% | ||||||
22,163 | American Eagle Outfitters Inc | 561,167 | ||||
Total Long-Term Investments (cost $29,714,118) | 39,595,386 |
Shares | Description | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.5% | ||||||
MONEY MARKET FUNDS – 0.5% | ||||||
204,309 | State Street Navigator Securities Lending Government Money Market Portfolio, (4) | 0.030% (5) | $ 204,309 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $204,309) | 204,309 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 4.4% | ||||||
REPURCHASE AGREEMENTS – 4.4% | ||||||
$ 1,837 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/21, repurchase price $1,836,765, collateralized by $1,886,100, U.S. Treasury Bond, 1.875%, due 2/15/41, value $1,873,501 | 0.000% | 1/03/22 | $ 1,836,765 | ||
Total Short-Term Investments (cost $1,836,765) | 1,836,765 | |||||
Total Investments (cost $31,755,192) – 100.0% | 41,636,460 | |||||
Other Assets Less Liabilities – (0.0)% | (13,671) | |||||
Net Assets – 100% | $ 41,622,789 |
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. | |
(3) | 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 $192,042. | |
(4) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. | |
(5) | The rate shown is the one-day yield as of the end of the reporting period. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.6% | ||||||
COMMON STOCKS – 97.6% | ||||||
Auto Components – 1.2% | ||||||
176,273 | Goodyear Tire & Rubber Co, (2) | $ 3,758,140 | ||||
Banks – 16.4% | ||||||
371,354 | Amalgamated Financial Corp | 6,227,607 | ||||
133,168 | Ameris Bancorp | 6,615,786 | ||||
416,766 | Banc of California Inc | 8,176,949 | ||||
141,106 | Enterprise Financial Services Corp | 6,644,682 | ||||
170,098 | HomeStreet Inc | 8,845,096 | ||||
143,571 | PacWest Bancorp | 6,485,102 | ||||
81,675 | SouthState Corp | 6,542,984 | ||||
Total Banks | 49,538,206 | |||||
Biotechnology – 5.5% | ||||||
2,747,646 | ADMA Biologics Inc, (2), (3) | 3,874,181 | ||||
283,706 | Coherus Biosciences Inc, (2) | 4,527,948 | ||||
1,080,967 | Rigel Pharmaceuticals Inc, (2) | 2,864,562 | ||||
24,504 | United Therapeutics Corp, (2) | 5,294,824 | ||||
Total Biotechnology | 16,561,515 | |||||
Capital Markets – 2.4% | ||||||
200,147 | Cowen Inc | 7,225,307 | ||||
Chemicals – 1.8% | ||||||
61,436 | Innospec Inc | 5,550,128 | ||||
Communications Equipment – 3.4% | ||||||
202,826 | Digi International Inc, (2) | 4,983,435 | ||||
117,597 | Viasat Inc, (2) | 5,237,770 | ||||
Total Communications Equipment | 10,221,205 | |||||
Consumer Finance – 1.3% | ||||||
105,169 | Green Dot Corp, Class A, (2) | 3,811,325 | ||||
Diversified Consumer Services – 4.1% | ||||||
533,140 | Houghton Mifflin Harcourt Co, (2) | 8,583,554 | ||||
110,055 | Stride Inc, (2) | 3,668,133 | ||||
Total Diversified Consumer Services | 12,251,687 | |||||
Electric Utilities – 3.8% | ||||||
32,760 | IDACORP Inc | 3,712,036 | ||||
84,567 | PNM Resources Inc | 3,857,101 |
Shares | Description (1) | Value | ||||
Electric Utilities (continued) | ||||||
75,010 | Portland General Electric Co | $ 3,969,529 | ||||
Total Electric Utilities | 11,538,666 | |||||
Electrical Equipment – 6.0% | ||||||
156,621 | Bloom Energy Corp, (2) | 3,434,698 | ||||
70,745 | EnerSys | 5,593,100 | ||||
240,653 | nVent Electric PLC | 9,144,814 | ||||
Total Electrical Equipment | 18,172,612 | |||||
Electronic Equipment, Instruments & Components – 3.0% | ||||||
74,410 | Belden Inc | 4,890,969 | ||||
187,340 | Vishay Intertechnology Inc | 4,097,126 | ||||
Total Electronic Equipment, Instruments & Components | 8,988,095 | |||||
Energy Equipment & Services – 2.4% | ||||||
425,131 | National Energy Services Reunited Corp, (2) | 4,017,488 | ||||
226,935 | NOV Inc | 3,074,969 | ||||
Total Energy Equipment & Services | 7,092,457 | |||||
Equity Real Estate Investment Trust – 5.0% | ||||||
220,907 | Brandywine Realty Trust | 2,964,572 | ||||
419,111 | SITE Centers Corp | 6,634,527 | ||||
113,029 | STAG Industrial Inc | 5,420,871 | ||||
Total Equity Real Estate Investment Trust | 15,019,970 | |||||
Food Products – 1.9% | ||||||
279,182 | Hostess Brands Inc, (2) | 5,700,896 | ||||
Gas Utilities – 0.5% | ||||||
23,733 | National Fuel Gas Co | 1,517,488 | ||||
Health Care Providers & Services – 2.1% | ||||||
77,544 | Tenet Healthcare Corp, (2) | 6,334,569 | ||||
Hotels, Restaurants & Leisure – 1.6% | ||||||
350,353 | El Pollo Loco Holdings Inc, (2) | 4,971,509 | ||||
Insurance – 0.4% | ||||||
48,099 | eHealth Inc, (2) | 1,226,525 | ||||
Interactive Media & Services – 3.0% | ||||||
177,715 | TripAdvisor Inc, (2) | 4,844,511 | ||||
115,902 | Yelp Inc, (2) | 4,200,288 | ||||
Total Interactive Media & Services | 9,044,799 | |||||
Leisure Products – 1.4% | ||||||
213,949 | American Outdoor Brands Inc, (2) | 4,264,004 |
Shares | Description (1) | Value | ||||
Machinery – 7.9% | ||||||
59,762 | Altra Industrial Motion Corp | $3,081,926 | ||||
80,603 | Barnes Group Inc | 3,755,294 | ||||
129,057 | Columbus McKinnon Corp/NY | 5,970,177 | ||||
85,453 | Federal Signal Corp | 3,703,533 | ||||
106,408 | Flowserve Corp | 3,256,085 | ||||
276,619 | Mueller Water Products Inc | 3,983,313 | ||||
Total Machinery | 23,750,328 | |||||
Metals & Mining – 3.7% | ||||||
61,033 | Kaiser Aluminum Corp | 5,733,440 | ||||
58,780 | Materion Corp | 5,404,233 | ||||
Total Metals & Mining | 11,137,673 | |||||
Oil, Gas & Consumable Fuels – 4.1% | ||||||
83,921 | Chesapeake Energy Corp | 5,414,583 | ||||
360,914 | Magnolia Oil & Gas Corp | 6,810,447 | ||||
Total Oil, Gas & Consumable Fuels | 12,225,030 | |||||
Pharmaceuticals – 1.6% | ||||||
79,711 | Prestige Consumer Healthcare Inc, (2) | 4,834,472 | ||||
Real Estate Management & Development – 1.7% | ||||||
209,426 | Kennedy-Wilson Holdings Inc | 5,001,093 | ||||
Road & Rail – 1.7% | ||||||
42,316 | ArcBest Corp | 5,071,573 | ||||
Semiconductors & Semiconductor Equipment – 4.6% | ||||||
245,402 | Rambus Inc, (2) | 7,212,365 | ||||
170,400 | Tower Semiconductor Ltd, (2) | 6,761,472 | ||||
Total Semiconductors & Semiconductor Equipment | 13,973,837 | |||||
Software – 2.1% | ||||||
146,793 | Teradata Corp, (2) | 6,234,299 | ||||
Specialty Retail – 1.4% | ||||||
164,928 | American Eagle Outfitters Inc | 4,175,977 | ||||
Thrifts & Mortgage Finance – 1.6% | ||||||
109,001 | Essent Group Ltd | 4,962,816 | ||||
Total Long-Term Investments (cost $238,470,103) | 294,156,201 |
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.4% | ||||||
MONEY MARKET FUNDS – 0.4% | ||||||
1,243,286 | State Street Navigator Securities Lending Government Money Market Portfolio, (4) | 0.030% (5) | $ 1,243,286 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $1,243,286) | 1,243,286 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.6% | ||||||
REPURCHASE AGREEMENTS – 1.6% | ||||||
$ 4,920 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/31/21, repurchase price $4,920,022, collateralized by $5,052,200, U.S. Treasury Bond, 1.875%, due 2/15/41, value $5,018,053 | 0.000% | 1/03/22 | $ 4,920,022 | ||
Total Short-Term Investments (cost $4,920,022) | 4,920,022 | |||||
Total Investments (cost $244,633,411) – 99.6% | 300,319,509 | |||||
Other Assets Less Liabilities – 0.4% | 1,142,127 | |||||
Net Assets – 100% | $ 301,461,636 |
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. | |
(3) | 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 $1,168,650. | |
(4) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. | |
(5) | The rate shown is the one-day yield as of the end of the reporting period. |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Assets | ||||||
Long-term investments, at value (cost $123,191,832, $76,189,657, $64,459,047, $13,071,082, $29,714,118 and $238,470,103, respectively)(1) | $163,357,586 | $107,290,199 | $82,078,175 | $18,650,426 | $39,595,386 | $294,156,201 |
Investment purchased with collateral from securities lending, at value (cost approximates value) | — | — | — | 290,064 | 204,309 | 1,243,286 |
Short-term investments, at value (cost approximates value) | — | — | — | 374,460 | 1,836,765 | 4,920,022 |
Cash | 1,994,830 | — | — | — | — | — |
Cash denominated in foreign currencies (cost $64, $96,885, $—, $—, $—and $—, respectively) | 63 | 97,477 | — | — | — | — |
Receivable for: | ||||||
Dividends | 169,099 | 102,730 | 69,358 | 21,016 | 30,049 | 228,185 |
Due from affiliate | 11,301 | 3,482 | 11,008 | 1,469 | 4,403 | 60,153 |
Investments sold | — | 243,349 | 396,990 | 92,042 | — | 2,253,340 |
Reclaims | 175,298 | 390,171 | 5,441 | 3,774 | — | — |
Reimbursement from Adviser | — | — | — | 5,317 | — | — |
Shares sold | 40,086 | 154,440 | 81,777 | 9,041 | 218,599 | 177,175 |
Other assets | 316,344 | 182,236 | 129,516 | 75,916 | 34,246 | 68,903 |
Total assets | 166,064,607 | 108,464,084 | 82,772,265 | 19,523,525 | 41,923,757 | 303,107,265 |
Liabilities | ||||||
Borrowings | — | 660,895 | 98,775 | — | — | — |
Payable for: | ||||||
Collateral from securities lending program | — | — | — | 290,064 | 204,309 | 1,243,286 |
Shares redeemed | 111,420 | 7,099 | 18,967 | 24,032 | 12,643 | 131,920 |
Accrued expenses: | ||||||
Custodian fees | 85,446 | 99,842 | 45,342 | 40,245 | 47,398 | 71,124 |
Management fees | 81,600 | 48,225 | 36,344 | — | 11,265 | 13,803 |
Trustees fees | 296,273 | 147,899 | 99,481 | 45,664 | 247 | 38,251 |
12b-1 distribution and service fees | 25,352 | 5,126 | 10,069 | 2,118 | 1,027 | 10,963 |
Other | 78,900 | 58,161 | 29,190 | 18,614 | 24,079 | 136,282 |
Total liabilities | 678,991 | 1,027,247 | 338,168 | 420,737 | 300,968 | 1,645,629 |
Net assets | $165,385,616 | $107,436,837 | $82,434,097 | $19,102,788 | $41,622,789 | $301,461,636 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Class A Shares | ||||||
Net assets | $ 105,085,426 | $ 23,146,808 | $43,343,417 | $ 5,941,677 | $ 3,539,780 | $ 24,049,964 |
Shares outstanding | 3,188,402 | 872,915 | 1,040,546 | 1,418,705 | 121,804 | 488,632 |
Net asset value ("NAV") per share | $ 32.96 | $ 26.52 | $ 41.65 | $ 4.19 | $ 29.06 | $ 49.22 |
Offering price per share (NAV per share plus maximum sales charge of 5.75% of offering price) | $ 34.97 | $ 28.14 | $ 44.19 | $ 4.45 | $ 30.83 | $ 52.22 |
Class C Shares | ||||||
Net assets | $ 4,064,430 | $ 316,895 | $ 1,198,423 | $ 1,052,445 | $ 446,524 | $ 6,760,659 |
Shares outstanding | 123,593 | 12,617 | 30,971 | 330,974 | 18,475 | 161,592 |
NAV and offering price per share | $ 32.89 | $ 25.12 | $ 38.70 | $ 3.18 | $ 24.17 | $ 41.84 |
Class R6 Shares | ||||||
Net assets | $ — | $ — | $ — | $ — | $18,217,832 | $ 5,657,326 |
Shares outstanding | — | — | — | — | 604,775 | 108,681 |
NAV and offering price per share | $ — | $ — | $ — | $ — | $ 30.12 | $ 52.05 |
Class I Shares | ||||||
Net assets | $ 56,235,760 | $ 83,973,134 | $37,892,257 | $12,108,666 | $19,418,653 | $264,993,687 |
Shares outstanding | 1,705,965 | 3,146,599 | 900,313 | 2,866,504 | 650,026 | 5,164,906 |
NAV and offering price per share | $ 32.96 | $ 26.69 | $ 42.09 | $ 4.22 | $ 29.87 | $ 51.31 |
Fund level net assets consist of: | ||||||
Capital paid-in | $ 359,973,566 | $ 278,984,191 | $71,051,616 | $13,164,358 | $30,935,307 | $245,676,234 |
Total distributable earnings (loss) | (194,587,950) | (171,547,354) | 11,382,481 | 5,938,430 | 10,687,482 | 55,785,402 |
Fund level net assets | $ 165,385,616 | $ 107,436,837 | $82,434,097 | $19,102,788 | $41,622,789 | $301,461,636 |
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 $ 284,206, $ 192,042 and $ 1,168,650 for Large-Cap Value, Small/Mid-Cap Value and Small-Cap Value Opportunities, respectively. |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Investment Income | ||||||
Dividends | $ 4,279,285 | $ 3,051,639 | $ 763,501 | $ 213,691 | $ 253,916 | $ 1,891,223 |
Securities lending income, net | — | — | 4,381 | 998 | 1,235 | 7,664 |
Payment from affiliate | 22,602 | 6,965 | 22,015 | 2,939 | 8,806 | 120,307 |
Foreign tax withheld on dividend income | (119,529) | (97,866) | (2,868) | (811) | — | — |
Total investment income | 4,182,358 | 2,960,738 | 787,029 | 216,817 | 263,957 | 2,019,194 |
Expenses | ||||||
Management fees | 577,369 | 405,032 | 290,301 | 64,432 | 156,007 | 1,199,745 |
12b-1 service fees - Class A Shares | 131,515 | 28,562 | 54,430 | 6,977 | 3,979 | 31,619 |
12b-1 distribution and service fees - Class C Shares | 21,348 | 1,751 | 6,250 | 6,433 | 2,459 | 38,391 |
Shareholder servicing agent fees | 84,744 | 65,024 | 43,534 | 9,729 | 27,120 | 216,991 |
Interest expense | 190 | 159 | 83 | 33 | 104 | 284 |
Custodian fees | 28,330 | 30,163 | 7,505 | 12,440 | 14,795 | 22,924 |
Professional fees | 36,344 | 31,593 | 15,341 | 14,113 | 14,643 | 30,465 |
Trustees fees | 2,819 | 2,095 | 1,395 | 365 | 666 | 5,418 |
Shareholder reporting expenses | 28,296 | — | 9,734 | 7,662 | 10,365 | 51,763 |
Federal and state registration fees | 33,126 | 34,671 | 34,166 | 33,833 | 40,867 | 43,711 |
Other | 2,243 | — | 9,949 | 5,678 | 5,557 | 34,290 |
Total expenses before fee waiver/expense reimbursement | 946,324 | 599,050 | 472,688 | 161,695 | 276,562 | 1,675,601 |
Fee waiver/expense reimbursement | (90,153) | (54,286) | (43,311) | (75,116) | (70,889) | (184,538) |
Net expenses | 856,171 | 544,764 | 429,377 | 86,579 | 205,673 | 1,491,063 |
Net investment income (loss) | 3,326,187 | 2,415,974 | 357,652 | 130,238 | 58,284 | 528,131 |
Realized and Unrealized Gain (Loss) | ||||||
Net realized gain (loss) from investments and foreign currency | 10,286,184 | 7,361,175 | 1,912,372 | 1,104,548 | 2,153,699 | 12,910,188 |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (6,140,371) | (10,256,524) | (865,879) | (284,450) | (169,788) | (12,342,194) |
Net realized and unrealized gain (loss) | 4,145,813 | (2,895,349) | 1,046,493 | 820,098 | 1,983,911 | 567,994 |
Net increase (decrease) in net assets from operations | $ 7,472,000 | $ (479,375) | $1,404,145 | $ 950,336 | $2,042,195 | $ 1,096,125 |
Global Equity Income | International Value | ||||
Unaudited Six Months Ended 12/31/21 | Year Ended 6/30/21 | Unaudited Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||
Operations | |||||
Net investment income (loss) | $ 3,326,187 | $ 3,751,376 | $ 2,415,974 | $ 3,661,135 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 10,286,184 | 11,965,025 | 7,361,175 | 11,448,651 | |
Options written | — | 52,236 | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (6,140,371) | 35,445,147 | (10,256,524) | 25,323,135 | |
Net increase (decrease) in net assets from operations | 7,472,000 | 51,213,784 | (479,375) | 40,432,921 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (2,071,244) | (2,267,018) | (916,567) | (382,969) | |
Class C Shares | (65,199) | (137,057) | (12,590) | (8,350) | |
Class R3 Shares(1) | — | (8,915) | — | (7,359) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (1,169,103) | (1,334,285) | (3,349,086) | (2,141,648) | |
Return of capital: | |||||
Class A Shares | — | — | — | — | |
Class C Shares | — | — | — | — | |
Class R3 Shares(1) | — | — | — | — | |
Class R6 Shares | — | — | — | — | |
Class I Shares | — | — | — | — | |
Decrease in net assets from distributions to shareholders | (3,305,546) | (3,747,275) | (4,278,243) | (2,540,326) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 3,692,792 | 20,304,472 | 7,556,630 | 11,221,658 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 3,121,775 | 3,540,336 | 4,120,251 | 2,475,399 | |
6,814,567 | 23,844,808 | 11,676,881 | 13,697,057 | ||
Cost of shares redeemed | (11,832,281) | (44,874,875) | (21,312,383) | (40,790,878) | |
Net increase (decrease) in net assets from Fund share transactions | (5,017,714) | (21,030,067) | (9,635,502) | (27,093,821) | |
Net increase (decrease) in net assets | (851,260) | 26,436,442 | (14,393,120) | 10,798,774 | |
Net assets at the beginning of period | 166,236,876 | 139,800,434 | 121,829,957 | 111,031,183 | |
Net assets at the end of period | $165,385,616 | $166,236,876 | $107,436,837 | $121,829,957 |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Multi-Cap Value | Large-Cap Value | ||||
Unaudited Six Months Ended 12/31/21 | Year Ended 6/30/21 | Unaudited Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||
Operations | |||||
Net investment income (loss) | $ 357,652 | $ 487,170 | $ 130,238 | $ 180,325 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 1,912,372 | 7,291,444 | 1,104,548 | 4,026,635 | |
Options written | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (865,879) | 21,798,579 | (284,450) | 2,652,029 | |
Net increase (decrease) in net assets from operations | 1,404,145 | 29,577,193 | 950,336 | 6,858,989 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (526,152) | (691,357) | (1,063,128) | (612,121) | |
Class C Shares | (14,510) | (14,322) | (228,947) | (328,974) | |
Class R3 Shares(1) | — | — | — | (12,876) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (459,868) | (613,033) | (2,216,956) | (2,024,952) | |
Return of capital: | |||||
Class A Shares | — | (365,765) | — | — | |
Class C Shares | — | (14,049) | — | — | |
Class R3 Shares(1) | — | — | — | — | |
Class R6 Shares | — | — | — | — | |
Class I Shares | — | (296,068) | — | — | |
Decrease in net assets from distributions to shareholders | (1,000,530) | (1,994,594) | (3,509,031) | (2,978,923) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 3,745,402 | 13,542,875 | 1,369,641 | 2,587,334 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 919,635 | 1,818,505 | 3,344,935 | 2,860,497 | |
4,665,037 | 15,361,380 | 4,714,576 | 5,447,831 | ||
Cost of shares redeemed | (4,912,424) | (15,833,969) | (2,848,095) | (8,789,368) | |
Net increase (decrease) in net assets from Fund share transactions | (247,387) | (472,589) | 1,866,481 | (3,341,537) | |
Net increase (decrease) in net assets | 156,228 | 27,110,010 | (692,214) | 538,529 | |
Net assets at the beginning of period | 82,277,869 | 55,167,859 | 19,795,002 | 19,256,473 | |
Net assets at the end of period | $82,434,097 | $ 82,277,869 | $19,102,788 | $19,795,002 |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Small/Mid-Cap Value | Small-Cap Value Opportunities | ||||
Unaudited Six Months Ended 12/31/21 | Year Ended 6/30/21 | Unaudited Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||
Operations | |||||
Net investment income (loss) | $ 58,284 | $ 84,076 | $ 528,131 | $ 257,041 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | 2,153,699 | 5,299,311 | 12,910,188 | 59,072,369 | |
Options written | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (169,788) | 8,373,577 | (12,342,194) | 51,255,908 | |
Net increase (decrease) in net assets from operations | 2,042,195 | 13,756,964 | 1,096,125 | 110,585,318 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (439,199) | (6,042) | (2,568,647) | (135,444) | |
Class C Shares | (73,621) | — | (872,393) | — | |
Class R3 Shares(1) | — | (71) | — | (8,403) | |
Class R6 Shares | (2,382,286) | (66,601) | (557,719) | (57,035) | |
Class I Shares | (2,634,624) | (65,867) | (27,534,174) | (1,474,480) | |
Return of capital: | |||||
Class A Shares | — | — | — | — | |
Class C Shares | — | — | — | — | |
Class R3 Shares(1) | — | — | — | — | |
Class R6 Shares | — | — | — | — | |
Class I Shares | — | — | — | — | |
Decrease in net assets from distributions to shareholders | (5,529,730) | (138,581) | (31,532,933) | (1,675,362) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 5,195,791 | 24,039,673 | 46,643,568 | 79,786,080 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 5,448,185 | 137,331 | 30,441,627 | 1,598,145 | |
10,643,976 | 24,177,004 | 77,085,195 | 81,384,225 | ||
Cost of shares redeemed | (12,102,410) | (12,096,775) | (50,260,252) | (80,440,650) | |
Net increase (decrease) in net assets from Fund share transactions | (1,458,434) | 12,080,229 | 26,824,943 | 943,575 | |
Net increase (decrease) in net assets | (4,945,969) | 25,698,612 | (3,611,865) | 109,853,531 | |
Net assets at the beginning of period | 46,568,758 | 20,870,146 | 305,073,501 | 195,219,970 | |
Net assets at the end of period | $ 41,622,789 | $ 46,568,758 | $301,461,636 | $305,073,501 |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
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) | |||||||||
2022(f) | $32.13 | $0.65 | $ 0.83 | $ 1.48 | $(0.65) | $ — | $(0.65) | $32.96 | |
2021 | 23.44 | 0.68 | 8.70 | 9.38 | (0.69) | — | (0.69) | 32.13 | |
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 | |
Class C (09/09) | |||||||||
2022(f) | 32.06 | 0.51 | 0.85 | 1.36 | (0.53) | — | (0.53) | 32.89 | |
2021 | 23.40 | 0.44 | 8.70 | 9.14 | (0.48) | — | (0.48) | 32.06 | |
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 | |
Class I (09/09) | |||||||||
2022(f) | 32.14 | 0.69 | 0.82 | 1.51 | (0.69) | — | (0.69) | 32.96 | |
2021 | 23.45 | 0.75 | 8.70 | 9.45 | (0.76) | — | (0.76) | 32.14 | |
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 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
4.64% | $105,085 | 1.21%** | 3.86%** | 3.83%** | 1.10%** | 3.97%** | 3.94%** | 23% | |
40.43 | 105,751 | 1.26 | 2.29 | N/A | 1.11 | 2.44 | N/A | 42 | |
(9.53) | 80,897 | 1.24 | 2.24 | N/A | 1.11 | 2.37 | N/A | 53 | |
2.23 | 103,494 | 1.19 | 2.52 | N/A | 1.11 | 2.60 | N/A | 30 | |
3.42 | 118,895 | 1.18 | 2.85 | N/A | 1.11 | 2.92 | N/A | 31 | |
15.75 | 152,606 | 1.33 | 3.36 | N/A | 1.11 | 3.58 | N/A | 86 | |
4.26 | 4,064 | 1.96** | 3.01** | 2.98** | 1.85** | 3.12** | 3.09** | 23 | |
39.34 | 4,660 | 2.01 | 1.49 | N/A | 1.86 | 1.64 | N/A | 42 | |
(10.18) | 14,342 | 1.99 | 1.48 | N/A | 1.86 | 1.61 | N/A | 53 | |
1.45 | 37,564 | 1.94 | 1.68 | N/A | 1.86 | 1.76 | N/A | 30 | |
2.65 | 67,535 | 1.93 | 2.10 | N/A | 1.86 | 2.16 | N/A | 31 | |
14.87 | 81,440 | 2.03 | 4.24 | N/A | 1.86 | 4.41 | N/A | 86 | |
4.74 | 56,236 | 0.96** | 4.12** | 4.09** | 0.85** | 4.23** | 4.20** | 23 | |
40.76 | 55,826 | 1.01 | 2.54 | N/A | 0.86 | 2.69 | N/A | 42 | |
(9.25) | 43,978 | 0.99 | 2.49 | N/A | 0.86 | 2.62 | N/A | 53 | |
2.45 | 63,168 | 0.94 | 2.73 | N/A | 0.86 | 2.81 | N/A | 30 | |
3.69 | 82,677 | 0.92 | 3.08 | N/A | 0.86 | 3.15 | N/A | 31 | |
16.03 | 91,922 | 1.07 | 3.41 | N/A | 0.86 | 3.62 | N/A | 86 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the current fiscal period, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return for each share class would decrease by an amount equaling 0.03% if such voluntary compensation were excluded for the current fiscal period. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | 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. |
(d) | 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. |
(e) | 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. |
(f) | Unaudited. For the six months ended December 31, 2021. |
* | Rounds to less than $.01 per share. |
** | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the six months ended December 31, 2021. |
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 (12/99) | |||||||||
2022(f) | $27.73 | $0.58 | $(0.71) | $(0.13) | $(1.08) | $ — | $(1.08) | $26.52 | |
2021 | 20.17 | 0.70 | 7.34 | 8.04 | (0.48) | — | (0.48) | 27.73 | |
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(g) | 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 | |
Class C (12/99) | |||||||||
2022(f) | 26.37 | 0.42 | (0.64) | (0.22) | (1.03) | — | (1.03) | 25.12 | |
2021 | 19.20 | 0.43 | 7.04 | 7.47 | (0.30) | — | (0.30) | 26.37 | |
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(g) | 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 | |
Class I (12/99) | |||||||||
2022(f) | 27.87 | 0.59 | (0.68) | (0.09) | (1.09) | — | (1.09) | 26.69 | |
2021 | 20.27 | 0.75 | 7.38 | 8.13 | (0.53) | — | (0.53) | 27.87 | |
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(g) | 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 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
(0.44) % | $ 23,147 | 1.24%* | 4.07%* | 4.06%* | 1.14%* | 4.16%* | 4.15%* | 15% | |
40.20 | 22,153 | 1.28 | 2.74 | N/A | 1.15 | 2.88 | N/A | 24 | |
(11.24) | 17,579 | 1.33 | 1.36 | N/A | 1.15 | 1.55 | N/A | 22 | |
(5.90) | 23,088 | 1.32 | 1.95 | N/A | 1.15 | 2.11 | N/A | 14 | |
3.92 | 26,710 | 1.27 | 1.34 | N/A | 1.15 | 1.46 | N/A | 17 | |
14.24 | 28,490 | 1.27* | 1.78* | N/A | 1.15* | 1.90* | N/A | 23 | |
(8.38) | 30,998 | 1.34 | 2.10 | N/A | 1.33 | 2.11 | N/A | 20 | |
(0.82) | 317 | 1.99* | 3.13* | 3.12* | 1.89* | 3.22* | 3.21* | 15 | |
39.17 | 365 | 2.03 | 1.79 | N/A | 1.90 | 1.93 | N/A | 24 | |
(11.88) | 963 | 2.08 | 0.57 | N/A | 1.90 | 0.76 | N/A | 22 | |
(6.68) | 3,055 | 2.07 | 0.97 | N/A | 1.90 | 1.14 | N/A | 14 | |
3.20 | 9,986 | 2.02 | 0.56 | N/A | 1.90 | 0.68 | N/A | 17 | |
13.47 | 11,688 | 2.02* | 0.95* | N/A | 1.90* | 1.06* | N/A | 23 | |
(9.11) | 16,182 | 2.09 | 1.32 | N/A | 2.08 | 1.33 | N/A | 20 | |
(0.31) | 83,973 | 0.99* | 4.12* | 4.11* | 0.89* | 4.21* | 4.20* | 15 | |
40.51 | 99,311 | 1.03 | 2.96 | N/A | 0.90 | 3.10 | N/A | 24 | |
(11.00) | 91,781 | 1.08 | 1.49 | N/A | 0.90 | 1.68 | N/A | 22 | |
(5.67) | 218,300 | 1.07 | 2.31 | N/A | 0.90 | 2.48 | N/A | 14 | |
4.20 | 251,067 | 1.02 | 1.65 | N/A | 0.90 | 1.76 | N/A | 17 | |
14.51 | 255,113 | 1.02* | 2.25* | N/A | 0.90* | 2.36* | N/A | 23 | |
(8.17) | 179,707 | 1.09 | 2.37 | N/A | 1.08 | 2.38 | N/A | 20 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the current fiscal period, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return for each share class would decrease by an amount equaling 0.01% if such voluntary compensation were excluded for the current fiscal period. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | 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. |
(d) | 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. |
(e) | 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. |
(f) | Unaudited. For the six months ended December 31, 2021. |
(g) | For the eleven months ended June 30, 2017. Periods prior to 2017 are for the fiscal year ended July 31. |
* | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the six months ended December 31, 2021. |
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 | Return of Capital | Total | Ending NAV | |
Class A (12/02) | ||||||||||
2022(f) | $41.46 | $ 0.16 | $ 0.54 | $ 0.70 | $(0.51) | $ — | $ — | $(0.51) | $41.65 | |
2021 | 27.13 | 0.22 | 15.15 | 15.37 | (0.69) | — | (0.35) | (1.04) | 41.46 | |
2020 | 32.55 | 0.66 | (5.70) | (5.04) | (0.38) | — | — | (0.38) | 27.13 | |
2019 | 31.84 | 0.26 | 0.45 | 0.71 | — | — | — | 0.00 | 32.55 | |
2018(g) | 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 | |
Class C (12/02) | ||||||||||
2022(f) | 38.66 | 0.00* | 0.51 | 0.51 | (0.47) | — | — | (0.47) | 38.70 | |
2021 | 25.32 | (0.03) | 14.14 | 14.11 | (0.42) | — | (0.35) | (0.77) | 38.66 | |
2020 | 30.40 | 0.42 | (5.37) | (4.95) | (0.13) | — | — | (0.13) | 25.32 | |
2019 | 29.97 | (0.02) | 0.45 | 0.43 | — | — | — | 0.00 | 30.40 | |
2018(g) | 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 | |
Class I (11/97) | ||||||||||
2022(f) | 41.84 | 0.21 | 0.56 | 0.77 | (0.52) | — | — | (0.52) | 42.09 | |
2021 | 27.37 | 0.30 | 15.30 | 15.60 | (0.78) | — | (0.35) | (1.13) | 41.84 | |
2020 | 32.83 | 0.75 | (5.75) | (5.00) | (0.46) | — | — | (0.46) | 27.37 | |
2019 | 32.03 | 0.34 | 0.46 | 0.80 | — | — | — | 0.00 | 32.83 | |
2018(g) | 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 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
1.69% | $43,343 | 1.25%** | 0.66%** | 0.61%** | 1.14%** | 0.76%** | 0.71%** | 16% | |
57.70 | 43,489 | 1.29 | 0.50 | N/A | 1.15 | 0.64 | N/A | 58 | |
(15.73) | 29,133 | 1.30 | 2.15 | N/A | 1.15 | 2.30 | N/A | 54 | |
2.23 | 42,199 | 1.26 | 0.73 | N/A | 1.15 | 0.84 | N/A | 23 | |
11.14 | 30,003 | 1.24 | (0.67) | N/A | 1.15 | (0.58) | N/A | 118 | |
23.08 | 30,955 | 1.25 | 1.64 | N/A | 1.15 | 1.74 | N/A | 46 | |
1.33 | 1,198 | 2.00** | (0.09)** | (0.14)** | 1.89** | 0.01** | (0.04)** | 16 | |
56.54 | 1,347 | 2.04 | (0.23) | N/A | 1.90 | (0.09) | N/A | 58 | |
(16.37) | 1,632 | 2.05 | 1.41 | N/A | 1.90 | 1.56 | N/A | 54 | |
1.43 | 2,672 | 2.01 | (0.17) | N/A | 1.90 | (0.06) | N/A | 23 | |
10.29 | 21,143 | 1.99 | (1.39) | N/A | 1.90 | (1.29) | N/A | 118 | |
22.17 | 23,652 | 2.00 | 0.70 | N/A | 1.90 | 0.80 | N/A | 46 | |
1.83 | 37,892 | 1.00** | 0.91** | 0.86** | 0.89** | 1.01** | 0.96** | 16 | |
58.09 | 37,441 | 1.04 | 0.74 | N/A | 0.90 | 0.88 | N/A | 58 | |
(15.51) | 24,403 | 1.05 | 2.41 | N/A | 0.90 | 2.56 | N/A | 54 | |
2.50 | 38,712 | 1.01 | 0.97 | N/A | 0.90 | 1.08 | N/A | 23 | |
11.37 | 40,008 | 0.99 | (0.44) | N/A | 0.90 | (0.35) | N/A | 118 | |
23.45 | 40,694 | 1.00 | 1.74 | N/A | 0.90 | 1.84 | N/A | 46 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the current fiscal period, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return for each share class would decrease by an amount equaling 0.05% if such voluntary compensation were excluded for the current fiscal period. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | 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. |
(d) | 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. |
(e) | 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. |
(f) | Unaudited. For the six months ended December 31, 2021. |
(g) | 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 |
* | Rounds to less than $.01 per share. |
** | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the six months ended December 31, 2021. |
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) | |||||||||
2022(f) | $4.84 | $0.03 | $ 0.19 | $ 0.22 | $(0.04) | $(0.83) | $(0.87) | $4.19 | |
2021 | 3.96 | 0.03 | 1.57 | 1.60 | (0.15) | (0.57) | (0.72) | 4.84 | |
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 | |
Class C (12/06) | |||||||||
2022(f) | 3.88 | 0.01 | 0.16 | 0.17 | (0.04) | (0.83) | (0.87) | 3.18 | |
2021 | 3.28 | 0.01 | 1.26 | 1.27 | (0.10) | (0.57) | (0.67) | 3.88 | |
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 | |
Class I (12/06) | |||||||||
2022(f) | 4.87 | 0.04 | 0.19 | 0.23 | (0.05) | (0.83) | (0.88) | 4.22 | |
2021 | 3.98 | 0.05 | 1.57 | 1.62 | (0.16) | (0.57) | (0.73) | 4.87 | |
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 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
4.92% | $ 5,942 | 1.75%* | 0.44%* | 0.41%* | 0.99%* | 1.20%* | 1.17%* | 14% | |
44.10 | 5,419 | 1.76 | 0.02 | N/A | 1.00 | 0.79 | N/A | 42 | |
(12.08) | 4,233 | 1.40 | 2.16 | N/A | 1.00 | 2.56 | N/A | 59 | |
1.96 | 4,395 | 1.27 | 0.99 | N/A | 1.00 | 1.26 | N/A | 35 | |
8.71 | 4,556 | 1.19 | 0.64 | N/A | 1.00 | 0.83 | N/A | 48 | |
19.64 | 6,473 | 1.18 | 0.88 | N/A | 1.18 | 0.88 | N/A | 46 | |
4.63 | 1,052 | 2.50* | (0.29)* | (0.32)* | 1.74* | 0.47* | 0.44* | 14 | |
42.65 | 1,368 | 2.51 | (0.58) | N/A | 1.75 | 0.19 | N/A | 42 | |
(12.62) | 1,758 | 2.15 | 1.41 | N/A | 1.75 | 1.82 | N/A | 59 | |
1.21 | 2,882 | 2.02 | 0.22 | N/A | 1.75 | 0.48 | N/A | 35 | |
7.86 | 4,275 | 1.94 | (0.11) | N/A | 1.75 | 0.08 | N/A | 48 | |
18.62 | 5,652 | 1.93 | 0.13 | N/A | 1.93 | 0.13 | N/A | 46 | |
4.90 | 12,109 | 1.50* | 0.70* | 0.67* | 0.74* | 1.46* | 1.43* | 14 | |
44.50 | 13,008 | 1.51 | 0.34 | N/A | 0.75 | 1.11 | N/A | 42 | |
(11.81) | 13,196 | 1.15 | 2.40 | N/A | 0.75 | 2.81 | N/A | 59 | |
2.13 | 38,538 | 1.02 | 1.20 | N/A | 0.75 | 1.46 | N/A | 35 | |
8.96 | 60,371 | 0.94 | 0.89 | N/A | 0.75 | 1.08 | N/A | 48 | |
19.85 | 74,352 | 0.93 | 1.12 | N/A | 0.93 | 1.12 | N/A | 46 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the current fiscal period, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return for each share class would decrease by an amount equaling 0.03% if such voluntary compensation were excluded for the current fiscal period. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | 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. |
(d) | 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. |
(e) | 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. |
(f) | Unaudited. For the six months ended December 31, 2021. |
* | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the six months ended December 31, 2021. |
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) | |||||||||
2022(f) | $32.13 | $( —)* | $ 1.60 | $ 1.60 | $(0.11) | $(4.56) | $(4.67) | $29.06 | |
2021 | 20.05 | 0.01 | 12.13 | 12.14 | (0.06) | — | (0.06) | 32.13 | |
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 | |
Class C (12/06) | |||||||||
2022(f) | 27.57 | (0.11) | 1.36 | 1.25 | (0.09) | (4.56) | (4.65) | 24.17 | |
2021 | 17.29 | (0.14) | 10.42 | 10.28 | — | — | — | 27.57 | |
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 | |
Class R6 (06/16) | |||||||||
2022(f) | 33.06 | 0.07 | 1.66 | 1.73 | (0.11) | (4.56) | (4.67) | 30.12 | |
2021 | 20.64 | 0.10 | 12.49 | 12.59 | (0.17) | — | (0.17) | 33.06 | |
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 | |
Class I (12/06) | |||||||||
2022(f) | 32.86 | 0.04 | 1.64 | 1.68 | (0.11) | (4.56) | (4.67) | 29.87 | |
2021 | 20.49 | 0.07 | 12.42 | 12.49 | (0.12) | — | (0.12) | 32.86 | |
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 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
5.36% | $ 3,540 | 1.65%** | (0.37)%** | (0.41)%** | 1.30%** | (0.03)%** | (0.07)%** | 18% | |
60.64 | 3,321 | 1.64 | (0.28) | N/A | 1.31 | 0.06 | N/A | 57 | |
(14.29) | 2,599 | 1.85 | (0.01) | N/A | 1.31 | 0.54 | N/A | 58 | |
(6.42) | 3,137 | 1.73 | (0.13) | N/A | 1.31 | 0.29 | N/A | 54 | |
13.98 | 4,512 | 1.53 | (0.46) | N/A | 1.31 | (0.24) | N/A | 49 | |
19.62 | 5,529 | 1.43 | (0.08) | N/A | 1.31 | 0.03 | N/A | 88 | |
4.99 | 447 | 2.40** | (1.11)** | (1.15)** | 2.05** | (0.77)** | (0.81)** | 18 | |
59.46 | 538 | 2.39 | (0.99) | N/A | 2.06 | (0.65) | N/A | 57 | |
(14.95) | 763 | 2.60 | (0.73) | N/A | 2.06 | (0.19) | N/A | 58 | |
(7.13) | 1,374 | 2.48 | (0.90) | N/A | 2.06 | (0.47) | N/A | 54 | |
13.12 | 3,194 | 2.29 | (1.22) | N/A | 2.06 | (0.99) | N/A | 49 | |
18.73 | 3,078 | 2.18 | (0.87) | N/A | 2.06 | (0.74) | N/A | 88 | |
5.62 | 18,218 | 1.18** | 0.10** | 0.06** | 0.84** | 0.44** | 0.40** | 18 | |
61.19 | 19,155 | 1.28 | 0.04 | N/A | 0.95 | 0.37 | N/A | 57 | |
(13.93) | 8,747 | 1.43 | 0.42 | N/A | 0.88 | 0.96 | N/A | 58 | |
(6.03) | 9,691 | 1.32 | 0.29 | N/A | 0.90 | 0.72 | N/A | 54 | |
14.44 | 9,629 | 1.13 | (0.07) | N/A | 0.89 | 0.17 | N/A | 49 | |
20.14 | 5,820 | 1.05 | (0.39) | N/A | 0.90 | (0.24) | N/A | 88 | |
5.50 | 19,419 | 1.40** | (0.13)** | (0.17)** | 1.05** | 0.21** | 0.17** | 18 | |
61.03 | 23,554 | 1.39 | (0.07) | N/A | 1.06 | 0.26 | N/A | 57 | |
(14.07) | 8,457 | 1.60 | 0.34 | N/A | 1.06 | 0.89 | N/A | 58 | |
(6.19) | 8,874 | 1.48 | 0.13 | N/A | 1.06 | 0.55 | N/A | 54 | |
14.25 | 20,522 | 1.25 | (0.18) | N/A | 1.06 | 0.02 | N/A | 49 | |
19.96 | 44,750 | 1.18 | 0.12 | N/A | 1.06 | 0.24 | N/A | 88 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the current fiscal period, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return for each share class would decrease by an amount equaling 0.04% if such voluntary compensation were excluded for the current fiscal period. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | 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. |
(d) | 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. |
(e) | 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. |
(f) | Unaudited. For the six months ended December 31, 2021. |
* | Rounds to less than $(0.01). |
** | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the six months ended December 31, 2021. |
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) | |||||||||
2022(f) | $55.06 | $ 0.04 | $ (0.14) | $ (0.10) | $(0.08) | $(5.66) | $(5.74) | $49.22 | |
2021 | 33.98 | (0.02) | 21.36 | 21.34 | (0.26) | — | (0.26) | 55.06 | |
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 | |
Class C (12/04) | |||||||||
2022(f) | 47.84 | (0.14) | (0.13) | (0.27) | (0.07) | (5.66) | (5.73) | 41.84 | |
2021 | 29.57 | (0.31) | 18.58 | 18.27 | — | — | — | 47.84 | |
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 | |
Class R6 (02/13) | |||||||||
2022(f) | 57.78 | 0.15 | (0.13) | 0.02 | (0.09) | (5.66) | (5.75) | 52.05 | |
2021 | 35.66 | 0.17 | 22.41 | 22.58 | (0.46) | — | (0.46) | 57.78 | |
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 | |
Class I (12/04) | |||||||||
2022(f) | 57.08 | 0.11 | (0.13) | (0.02) | (0.09) | (5.66) | (5.75) | 51.31 | |
2021 | 35.21 | 0.08 | 22.15 | 22.23 | (0.36) | — | (0.36) | 57.08 | |
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 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
0.07% | $ 24,050 | 1.32%* | 0.02%* | (0.06)%* | 1.19%* | 0.14%* | 0.06%* | 29% | |
63.00 | 27,091 | 1.37 | (0.05) | N/A | 1.36 | (0.04) | N/A | 86 | |
(15.95) | 24,846 | 1.35 | 0.28 | N/A | 1.35 | 0.28 | N/A | 43 | |
(11.47) | 66,539 | 1.24 | 0.07 | N/A | 1.24 | 0.07 | N/A | 62 | |
16.94 | 82,161 | 1.27 | (0.31) | N/A | 1.27 | (0.31) | N/A | 67 | |
20.12 | 82,559 | 1.30 | (0.34) | N/A | 1.30 | (0.34) | N/A | 57 | |
(0.29) | 6,761 | 2.07* | (0.73)* | (0.81)* | 1.94* | (0.61)* | (0.69)* | 29 | |
61.79 | 8,429 | 2.12 | (0.81) | N/A | 2.11 | (0.80) | N/A | 86 | |
(16.58) | 7,644 | 2.10 | (0.49) | N/A | 2.10 | (0.49) | N/A | 43 | |
(12.14) | 13,419 | 1.99 | (0.68) | N/A | 1.99 | (0.68) | N/A | 62 | |
16.05 | 21,723 | 2.01 | (1.05) | N/A | 2.01 | (1.05) | N/A | 67 | |
19.21 | 23,251 | 2.05 | (1.10) | N/A | 2.05 | (1.10) | N/A | 57 | |
0.29 | 5,657 | 0.93* | 0.41* | 0.33* | 0.80* | 0.53* | 0.45* | 29 | |
63.67 | 6,160 | 0.95 | 0.35 | N/A | 0.94 | 0.36 | N/A | 86 | |
(15.55) | 6,315 | 0.91 | 0.70 | N/A | 0.91 | 0.70 | N/A | 43 | |
(11.12) | 10,899 | 0.86 | 0.46 | N/A | 0.86 | 0.46 | N/A | 62 | |
17.41 | 11,093 | 0.85 | 0.10 | N/A | 0.85 | 0.10 | N/A | 67 | |
20.64 | 9,284 | 0.86 | 0.09 | N/A | 0.86 | 0.09 | N/A | 57 | |
0.20 | 264,994 | 1.07* | 0.27* | 0.19* | 0.94* | 0.39* | 0.31* | 29 | |
63.42 | 263,394 | 1.11 | 0.15 | N/A | 1.10 | 0.16 | N/A | 86 | |
(15.75) | 154,309 | 1.10 | 0.51 | N/A | 1.10 | 0.51 | N/A | 43 | |
(11.26) | 456,623 | 0.99 | 0.33 | N/A | 0.99 | 0.33 | N/A | 62 | |
17.22 | 642,477 | 1.01 | (0.05) | N/A | 1.01 | (0.05) | N/A | 67 | |
20.43 | 590,033 | 1.05 | (0.12) | N/A | 1.05 | (0.12) | N/A | 57 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the current fiscal period, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return for each share class would decrease by an amount equaling 0.08% if such voluntary compensation were excluded for the current fiscal period. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | 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. |
(d) | 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. |
(e) | 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. |
(f) | Unaudited. For the six months ended December 31, 2021. |
* | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the six months ended December 31, 2021. |
• | Nuveen NWQ Global Equity Income Fund to Nuveen Global Equity Income Fund |
• | Nuveen NWQ International Value Fund to Nuveen International Value Fund |
• | Nuveen NWQ Multi-Cap Value Fund to Nuveen Multi Cap Value Fund |
• | Nuveen NWQ Large-Cap Value Fund to Nuveen Large Cap Value Fund |
• | Nuveen NWQ Small/Mid-Cap Value Fund to Nuveen Small/Mid Cap Value Fund |
• | Nuveen NWQ Small-Cap Value Fund to Nuveen Small Cap Value Opportunities Fund |
Global Equity Income | Value | % of Net Assets |
Country: | ||
Germany | $17,407,497 | 10.5% |
Japan | 9,771,427 | 5.9 |
United Kingdom | 8,306,632 | 5.0 |
France | 7,944,479 | 4.8 |
South Korea | 6,607,039 | 4.0 |
Finland | 3,687,692 | 2.2 |
China | 3,498,278 | 2.1 |
Taiwan | 3,003,665 | 1.8 |
Sweden | 2,642,605 | 1.6 |
Other | 17,610,924 | 10.8 |
Total non-U.S. securities | $80,480,238 | 48.7% |
International Value | Value | % of Net Assets |
Country: | ||
Japan | $ 23,937,249 | 22.3% |
Germany | 14,391,523 | 13.4 |
United Kingdom | 12,462,042 | 11.6 |
France | 10,681,242 | 9.9 |
Netherlands | 8,011,097 | 7.5 |
South Korea | 7,866,621 | 7.3 |
Switzerland | 4,575,917 | 4.3 |
Belgium | 4,419,855 | 4.1 |
Australia | 4,411,869 | 4.1 |
Other | 12,918,120 | 12.0 |
Total non-U.S. securities | $103,675,535 | 96.5% |
Global Equity Income | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $82,069,305 | $72,728,840** | $ — | $154,798,145 |
Convertible Preferred Securities | 8,559,441 | — | — | 8,559,441 |
Total | $90,628,746 | $72,728,840 | $ — | $163,357,586 |
International Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $17,395,312 | $89,894,887** | $ — | $107,290,199 |
Multi-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $82,078,175 | $ — | $ — | $82,078,175 |
Large-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $18,650,426 | $ — | $ — | $18,650,426 |
Investments Purchased with Collateral from Securities Lending | 290,064 | — | — | 290,064 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 374,460 | — | 374,460 |
Total | $18,940,490 | $374,460 | $ — | $19,314,950 |
Small/Mid-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $39,595,386 | $ — | $ — | $39,595,386 |
Investments Purchased with Collateral from Securities Lending | 204,309 | — | — | 204,309 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 1,836,765 | — | 1,836,765 |
Total | $39,799,695 | $1,836,765 | $ — | $41,636,460 |
Small-Cap Value Opportunities | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $294,156,201 | $ — | $ — | $294,156,201 |
Investments Purchased with Collateral from Securities Lending | 1,243,286 | — | — | 1,243,286 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 4,920,022 | — | 4,920,022 |
Total | $295,399,487 | $4,920,022 | $ — | $300,319,509 |
* | 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 |
Large-Cap Value | Fixed Income Clearing Corporation | $ 374,460 | $ (382,031) |
Small/Mid-Cap Value | Fixed Income Clearing Corporation | 1,836,765 | (1,873,501) |
Small-Cap Value Opportunities | Fixed Income Clearing Corporation | 4,920,022 | (5,018,053) |
Fund | Asset Class out on Loan | Long-Term Investments, at Value | Total Collateral Received |
Large-Cap Value | Common Stock | $ 284,206 | $ 290,064 |
Small/Mid-Cap Value | Common Stock | 192,042 | 204,309 |
Small-Cap Value Opportunities | Common Stock | 1,168,650 | 1,243,286 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Purchases | $37,076,023 | $16,287,890 | $13,394,600 | $2,594,126 | $ 7,207,195 | $84,809,620 |
Sales and maturities | 40,369,553 | 25,738,580 | 13,022,235 | 3,985,380 | 13,869,270 | 87,506,392 |
Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||||
Global Equity Income | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 35,644 | $ 1,148,593 | 426,771 | $ 11,630,534 | |
Class A – automatic conversion of Class C Shares | 55 | 1,737 | 3,861 | 104,250 | |
Class A - automatic conversion of Class R3 Shares | — | — | 19,586 | 645,359 | |
Class C | 234 | 7,502 | 3,336 | 97,623 | |
Class R3(1) | — | — | 3,523 | 93,253 | |
Class I | 78,685 | 2,534,960 | 272,707 | 7,733,453 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 58,760 | 1,914,866 | 73,787 | 2,091,541 | |
Class C | 1,993 | 65,054 | 5,123 | 136,127 | |
Class R3(1) | — | — | 320 | 8,479 | |
Class I | 35,064 | 1,141,855 | 46,034 | 1,304,189 | |
210,435 | 6,814,567 | 855,048 | 23,844,808 | ||
Shares redeemed: | |||||
Class A | (197,307) | (6,384,763) | (683,432) | (18,493,548) | |
Class C | (23,918) | (769,568) | (472,171) | (12,719,643) | |
Class C – automatic conversion to Class A Shares | (55) | (1,737) | (3,872) | (104,250) | |
Class R3(1) | — | — | (9,126) | (243,570) | |
Class R3 – automatic conversion to Class A Shares | — | — | (19,628) | (645,359) | |
Class I | (144,942) | (4,676,213) | (457,297) | (12,668,505) | |
(366,222) | (11,832,281) | (1,645,526) | (44,874,875) | ||
Net increase (decrease) | (155,787) | $ (5,017,714) | (790,478) | $(21,030,067) |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||||
International Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 166,297 | $ 4,501,933 | 121,453 | $ 2,958,668 | |
Class A - automatic conversion of Class R3 Shares | — | — | 17,870 | 511,446 | |
Class C | — | — | 2,668 | 63,807 | |
Class R3(1) | — | — | 10,274 | 246,062 | |
Class I | 110,648 | 3,054,697 | 316,193 | 7,441,675 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 31,617 | 835,956 | 13,689 | 337,720 | |
Class C | 503 | 12,590 | 354 | 8,350 | |
Class R3(1) | — | — | 276 | 6,867 | |
Class I | 122,950 | 3,271,705 | 85,687 | 2,122,462 | |
432,015 | 11,676,881 | 568,464 | 13,697,057 | ||
Shares redeemed: | |||||
Class A | (123,888) | (3,398,692) | (225,773) | (5,406,566) | |
Class C | (1,727) | (45,231) | (39,315) | (874,935) | |
Class R3(1) | — | — | (27,659) | (617,580) | |
Class R3 – automatic conversion to Class A Shares | — | — | (17,752) | (511,446) | |
Class I | (650,046) | (17,868,460) | (1,367,262) | (33,380,351) | |
(775,661) | (21,312,383) | (1,677,761) | (40,790,878) | ||
Net increase (decrease) | (343,646) | $ (9,635,502) | (1,109,297) | $(27,093,821) |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||||
Multi-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 17,096 | $ 708,215 | 154,916 | $ 5,818,601 | |
Class C | 1,022 | 40,227 | 9,071 | 343,717 | |
Class I | 71,602 | 2,996,960 | 188,713 | 7,380,557 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 11,124 | 463,411 | 28,287 | 924,684 | |
Class C | 375 | 14,511 | 927 | 28,371 | |
Class I | 10,494 | 441,713 | 26,265 | 865,450 | |
111,713 | 4,665,037 | 408,179 | 15,361,380 | ||
Shares redeemed: | |||||
Class A | (36,655) | (1,520,303) | (208,004) | (7,334,660) | |
Class C | (5,271) | (202,448) | (39,589) | (1,174,798) | |
Class I | (76,704) | (3,189,673) | (211,628) | (7,324,511) | |
(118,630) | (4,912,424) | (459,221) | (15,833,969) | ||
Net increase (decrease) | (6,917) | $ (247,387) | (51,042) | $ (472,589) |
Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||||
Large-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 231,073 | $ 1,086,553 | 322,659 | $ 1,449,170 | |
Class C | 739 | 3,000 | 8,152 | 29,397 | |
Class I | 63,837 | 280,088 | 244,980 | 1,108,767 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 227,492 | 953,191 | 128,929 | 534,102 | |
Class C | 71,996 | 228,947 | 98,694 | 328,974 | |
Class R3(1) | — | — | 3,168 | 12,889 | |
Class I | 512,441 | 2,162,797 | 475,865 | 1,984,532 | |
1,107,578 | 4,714,576 | 1,282,447 | 5,447,831 | ||
Shares redeemed: | |||||
Class A | (160,250) | (735,636) | (400,159) | (1,736,597) | |
Class C | (93,928) | (377,654) | (291,381) | (1,048,353) | |
Class R3(1) | — | — | (20,859) | (102,627) | |
Class I | (382,530) | (1,734,805) | (1,360,658) | (5,901,791) | |
(636,708) | (2,848,095) | (2,073,057) | (8,789,368) | ||
Net increase (decrease) | 470,870 | $ 1,866,481 | (790,610) | $(3,341,537) |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||||
Small/Mid-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 17,889 | $ 516,144 | 24,847 | $ 656,651 | |
Class A - automatic conversion of Class R3 Shares | — | — | 4,901 | 159,866 | |
Class C | 103 | 2,800 | 1,778 | 41,304 | |
Class R3(1) | — | — | 85 | 1,704 | |
Class R6 | 98,625 | 3,201,272 | 369,861 | 10,847,937 | |
Class I | 45,581 | 1,475,575 | 446,815 | 12,332,211 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 12,993 | 369,021 | 203 | 5,122 | |
Class C | 3,116 | 73,621 | — | — | |
Class R3(1) | — | — | 3 | 70 | |
Class R6 | 80,811 | 2,378,123 | 2,557 | 66,454 | |
Class I | 90,018 | 2,627,420 | 2,541 | 65,685 | |
349,136 | 10,643,976 | 853,591 | 24,177,004 | ||
Shares redeemed: | |||||
Class A | (12,450) | (402,343) | (56,242) | (1,289,387) | |
Class C | (4,271) | (114,894) | (26,360) | (555,748) | |
Class R3(1) | — | — | (10,876) | (248,890) | |
Class R3 – automatic conversion to Class A Shares | — | — | (5,140) | (159,866) | |
Class R6 | (154,050) | (5,030,952) | (216,832) | (5,761,009) | |
Class I | (202,392) | (6,554,221) | (145,169) | (4,081,875) | |
(373,163) | (12,102,410) | (460,619) | (12,096,775) | ||
Net increase (decrease) | (24,027) | $ (1,458,434) | 392,972 | $ 12,080,229 |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Six Months Ended 12/31/21 | Year Ended 6/30/21 | ||||
Small-Cap Value Opportunities | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 25,935 | $ 1,342,104 | 59,621 | $ 2,636,709 | |
Class A - automatic conversion of Class R3 Shares | — | — | 49,351 | 2,749,338 | |
Class C | 7,073 | 308,615 | 12,698 | 495,727 | |
Class R3(1) | — | — | 14,228 | 652,815 | |
Class R6 | 15,066 | 827,913 | 25,165 | 1,096,983 | |
Class I | 833,361 | 44,164,936 | 1,416,183 | 72,154,508 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 46,194 | 2,224,945 | 2,576 | 112,232 | |
Class C | 17,855 | 731,173 | — | — | |
Class R3(1) | — | — | 145 | 6,160 | |
Class R6 | 7,376 | 375,621 | 726 | 33,137 | |
Class I | 539,963 | 27,109,888 | 32,061 | 1,446,616 | |
1,492,823 | 77,085,195 | 1,612,754 | 81,384,225 | ||
Shares redeemed: | |||||
Class A | (75,552) | (3,987,362) | (350,791) | (14,493,897) | |
Class C | (39,505) | (1,780,540) | (95,036) | (3,484,220) | |
Class R3(1) | — | — | (27,258) | (1,148,976) | |
Class R3 – automatic conversion to Class A Shares | — | — | (50,623) | (2,749,338) | |
Class R6 | (20,375) | (1,145,442) | (96,399) | (4,080,699) | |
Class I | (823,089) | (43,346,908) | (1,215,868) | (54,483,520) | |
(958,521) | (50,260,252) | (1,835,975) | (80,440,650) | ||
Net increase (decrease) | 534,302 | $ 26,824,943 | (223,221) | $ 943,575 |
(1) | Class R3 shares were converted to Class A shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Tax cost of investments | $124,919,852 | $80,632,820 | $64,478,407 | $13,822,505 | $31,830,462 | $246,260,792 |
Gross unrealized: | ||||||
Appreciation | $ 43,417,723 | $35,037,654 | $20,139,397 | $ 5,902,402 | $11,128,291 | $ 65,695,540 |
Depreciation | (4,979,989) | (8,380,275) | (2,539,629) | (409,957) | (1,322,293) | (11,636,823) |
Net unrealized appreciation (depreciation) of investments | $ 38,437,734 | $26,657,379 | $17,599,768 | $ 5,492,445 | $ 9,805,998 | $ 54,058,717 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Undistributed net ordinary income1, 2 | $3,657,328 | $4,277,531 | $ — | $ 691,049 | $ 813,565 | $ 136,318 |
Undistributed net long-term capital gains | — | — | — | 2,028,835 | 3,377,796 | 19,633,514 |
1 | Undistributed net ordinary income (on a tax basis) for Global Equity Income has not been reduced for the dividend declared on June 30, 2021 and paid on July 1, 2021. |
2 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Distributions from net ordinary income2 | $3,747,275 | $2,540,326 | $1,318,712 | $ 942,137 | $138,581 | $1,675,362 |
Distributions from net long-term capital gains | — | — | — | 2,036,786 | — | — |
Return of capital | — | — | 675,882 | — | — | — |
2 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
Global Equity Income3 | International Value | Multi-Cap Value | |
Not subject to expiration: | |||
Short-term | $ 4,712,866 | $ 7,143,330 | $ 479,658 |
Long-term | 240,806,661 | 200,841,911 | 6,915,034 |
Total | $245,519,527 | $207,985,241 | $7,394,692 |
3 | 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 seventeen years, at which point the annual limitation will further be reduced to approximately $1.2 million. |
Global Equity Income | International Value | Multi-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Utilized capital loss carryforwards | $12,237,763 | $9,875,889 | $7,353,940 | $1,012,611 | $36,718,021 |
Average Daily Net Assets | Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Opportunities 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 |
Global Equity Income | 0.90% | July 31, 2023 | N/A |
International Value | 0.94 | July 31, 2023 | N/A |
Multi-Cap Value | 0.94 | July 31, 2023 | N/A |
Large-Cap Value | 0.79 | July 31, 2023 | 1.35% |
Small/Mid-Cap Value | 1.10 | July 31, 2023 | 1.45 |
Small-Cap Value Opportunities | 0.99 | July 31, 2023 | 1.50 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Sales charges collected | $5,548 | $3,801 | $5,905 | $3,449 | $282 | $1,402 |
Paid to financial intermediaries | 5,005 | 3,410 | 5,309 | 3,310 | 245 | 1,219 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Commission advances | $1,219 | $1,021 | $1,672 | $2,030 | $28 | $1,700 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
12b-1 fees retained | $(466) | $599 | $1,995 | $364 | $264 | $3,224 |
Global Equity Income | International Value | Multi-Cap Value | Large-Cap Value | Small/Mid-Cap Value | Small-Cap Value Opportunities | |
CDSC retained | $240 | $(2) | $ — | $ — | $74 | $142 |
Small/Mid-Cap Value | Small-Cap Value Opportunities | |
Nuveen owned shares | —%* | —%* |
* | Rounds to less than 1%. |
International Value | Multi-Cap Value | |
Maximum outstanding balance | $660,895 | $98,775 |
International Value | Multi-Cap Value | |
Utilization period (days outstanding) | 1 | 1 |
Average daily balance outstanding | $660,895 | $98,775 |
Average annual interest rate | 1.27% | 1.27% |
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 9, 2022
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 9, 2022
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham Vice President and Controller (principal financial officer) |
Date: March 9, 2022