Nuveen NWQ Global Equity Income Fund
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
LONG-TERM INVESTMENTS – 98.8% | ||||||||
COMMON STOCKS – 95.4% | ||||||||
Aerospace & Defense – 3.6% | ||||||||
20,203 | General Dynamics Corp | $3,668,057 | ||||||
21,955 | Thales SA, (2) | 2,179,021 | ||||||
Total Aerospace & Defense | 5,847,078 | |||||||
Air Freight & Logistics – 3.0% | ||||||||
89,506 | Deutsche Post AG, (2) | 4,910,377 | ||||||
Automobiles – 1.8% | ||||||||
50,745 | General Motors Co, (3) | 2,915,808 | ||||||
Banks – 12.1% | ||||||||
354,480 | Bank Leumi Le-Israel BM, (2), (3) | 2,334,980 | ||||||
64,874 | Bank of America Corp | 2,509,975 | ||||||
65,532 | Citigroup Inc | 4,767,453 | ||||||
244,928 | ING Groep NV, (2) | 2,991,570 | ||||||
28,420 | JPMorgan Chase & Co | 4,326,377 | ||||||
283,820 | Oversea-Chinese Banking Corp Ltd, (2) | 2,483,143 | ||||||
Total Banks | 19,413,498 | |||||||
Capital Markets – 1.3% | ||||||||
12,907 | Deutsche Boerse AG, (2) | 2,144,740 | ||||||
Chemicals – 5.1% | ||||||||
14,888 | Air Liquide SA, (2) | 2,430,852 | ||||||
32,277 | DuPont de Nemours Inc | 2,494,367 | ||||||
61,140 | Nutrien Ltd | 3,293,688 | ||||||
Total Chemicals | 8,218,907 | |||||||
Communications Equipment – 1.7% | ||||||||
53,254 | Cisco Systems Inc | 2,753,764 | ||||||
Construction & Engineering – 1.4% | ||||||||
56,487 | Bouygues SA, (2) | 2,262,566 | ||||||
Electric Utilities – 1.0% | ||||||||
26,537 | Evergy Inc | 1,579,748 | ||||||
Electrical Equipment – 1.5% | ||||||||
17,255 | Eaton Corp PLC | 2,386,021 |
1
Nuveen NWQ Global Equity Income Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||||
Entertainment – 1.6% | ||||||||
4,520 | Nintendo Co Ltd, (2) | $2,547,631 | ||||||
Food & Staples Retailing – 3.7% | ||||||||
88,430 | Seven & i Holdings Co Ltd, (2) | 3,570,927 | ||||||
17,620 | Walmart Inc | 2,393,324 | ||||||
Total Food & Staples Retailing | 5,964,251 | |||||||
Food Products – 1.4% | ||||||||
1,236,074 | Tingyi Cayman Islands Holding Corp, (2) | 2,272,801 | ||||||
Health Care Equipment & Supplies – 1.4% | ||||||||
19,617 | Medtronic PLC | 2,317,356 | ||||||
Health Care Providers & Services – 4.6% | ||||||||
12,832 | Anthem Inc | 4,606,046 | ||||||
38,767 | Fresenius Medical Care AG & Co KGaA, (2) | 2,855,635 | ||||||
Total Health Care Providers & Services | 7,461,681 | |||||||
Hotels, Restaurants & Leisure – 1.7% | ||||||||
19,525 | Darden Restaurants Inc | 2,772,550 | ||||||
Household Durables – 3.1% | ||||||||
49,041 | PulteGroup Inc | 2,571,710 | ||||||
967,334 | Taylor Wimpey PLC, (2) | 2,405,083 | ||||||
Total Household Durables | 4,976,793 | |||||||
Industrial Conglomerates – 2.1% | ||||||||
20,914 | Siemens AG, (2) | 3,436,410 | ||||||
Insurance – 5.7% | ||||||||
58,659 | Ageas SA/NV, (2) | 3,542,192 | ||||||
11,149 | Allianz SE, (2) | 2,835,805 | ||||||
11,339 | Everest Re Group Ltd | 2,809,918 | ||||||
Total Insurance | 9,187,915 | |||||||
Media – 4.0% | ||||||||
68,476 | Comcast Corp, Class A | 3,705,236 | ||||||
159,300 | Hakuhodo DY Holdings Inc, (2) | 2,660,652 | ||||||
Total Media | 6,365,888 | |||||||
Multi-Utilities – 1.4% | ||||||||
195,227 | National Grid PLC, (2) | 2,317,455 | ||||||
Oil, Gas & Consumable Fuels – 4.2% | ||||||||
25,477 | Chevron Corp | 2,669,735 | ||||||
184,167 | Enterprise Products Partners LP | 4,055,357 | ||||||
Total Oil, Gas & Consumable Fuels | 6,725,092 |
2
Shares | Description (1) | Value | ||||||
Pharmaceuticals – 5.9% | ||||||||
49,818 | AstraZeneca PLC, Sponsored ADR | $2,476,951 | ||||||
50,515 | Bristol-Myers Squibb Co | 3,189,012 | ||||||
217,766 | GlaxoSmithKline PLC, (2) | 3,855,069 | ||||||
Total Pharmaceuticals | 9,521,032 | |||||||
Semiconductors & Semiconductor Equipment – 3.8% | ||||||||
3,313 | Broadcom Inc | 1,536,105 | ||||||
52,184 | Infineon Technologies AG, (2) | 2,220,303 | ||||||
36,492 | Intel Corp | 2,335,488 | ||||||
Total Semiconductors & Semiconductor Equipment | 6,091,896 | |||||||
Software – 5.1% | ||||||||
18,415 | Microsoft Corp | 4,341,704 | ||||||
54,239 | Oracle Corp | 3,805,951 | ||||||
Total Software | 8,147,655 | |||||||
Specialty Retail – 4.8% | ||||||||
73,856 | Industria de Diseno Textil SA, (2) | 2,440,197 | ||||||
12,211 | Lowe's Cos Inc | 2,322,288 | ||||||
1,943,000 | Topsports International Holdings Ltd, 144A, (2) | 2,897,248 | ||||||
Total Specialty Retail | 7,659,733 | |||||||
Technology Hardware, Storage & Peripherals – 2.6% | ||||||||
64,765 | Samsung Electronics Co Ltd, (2) | 4,194,713 | ||||||
Tobacco – 1.3% | ||||||||
22,904 | Philip Morris International Inc | 2,032,501 | ||||||
Trading Companies & Distributors – 2.4% | ||||||||
185,300 | Mitsui & Co Ltd, (2) | 3,867,272 | ||||||
Wireless Telecommunication Services – 2.1% | ||||||||
124,861 | SK Telecom Co Ltd, Sponsored ADR | 3,399,965 | ||||||
Total Common Stocks (cost $112,823,118) | 153,693,097 |
Shares | Description (1) | Coupon | Ratings (4) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 2.9% | ||||||||
Life Sciences Tools & Services – 1.2% | ||||||||
20,230 | Avantor Inc | 6.250% | N/R | $1,826,162 | ||||
Semiconductors & Semiconductor Equipment – 1.7% | ||||||||
1,860 | Broadcom Inc | 8.000% | N/R | 2,742,552 | ||||
Total Convertible Preferred Securities (cost $3,466,566) | 4,568,714 |
3
Nuveen NWQ Global Equity Income Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Coupon | Issue Price | Cap Price | Maturity | Value | ||
STRUCTURED NOTES – 0.5% | ||||||||
21,600 | Merrill Lynch International & Co. C.V., Structured Warrant, Linked to Common Stock of Teradata Corp. (Cap 125.77% of the Issue Price), WI/DD | 16.000% | $39.5238 | $49.7091 | 9/27/21 | $834,702 | ||
Total Structured Notes (cost $853,714) | 834,702 | |||||||
Total Long-Term Investments (cost $117,143,398) | 159,096,513 | |||||||
Other Assets Less Liabilities – 1.2% | 2,010,693 | |||||||
Net Assets – 100% | $161,107,206 |
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $84,036,455 | $69,656,642 | $ — | $153,693,097 |
Convertible Preferred Securities | 4,568,714 | — | — | 4,568,714 |
Structured Notes | — | 834,702 | — | 834,702 |
Total | $88,605,169 | $70,491,344 | $ — | $159,096,513 |
4
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 | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
5
Nuveen NWQ Multi-Cap Value Fund
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.5% | ||||||
COMMON STOCKS – 99.5% | ||||||
Aerospace & Defense – 6.0% | ||||||
6,777 | Curtiss-Wright Corp | $803,752 | ||||
11,384 | General Dynamics Corp | 2,066,879 | ||||
42,454 | Parsons Corp, (2) | 1,716,840 | ||||
Total Aerospace & Defense | 4,587,471 | |||||
Automobiles – 3.0% | ||||||
40,008 | General Motors Co, (2) | 2,298,860 | ||||
Banks – 10.6% | ||||||
26,555 | Bank of NT Butterfield & Son Ltd | 1,014,932 | ||||
34,430 | Citigroup Inc | 2,504,782 | ||||
57,160 | First Horizon Corp | 966,576 | ||||
13,184 | JPMorgan Chase & Co | 2,007,000 | ||||
39,693 | Wells Fargo & Co | 1,550,806 | ||||
Total Banks | 8,044,096 | |||||
Biotechnology – 2.0% | ||||||
413,887 | ADMA Biologics Inc, (2) | 728,441 | ||||
238,079 | Rigel Pharmaceuticals Inc, (2) | 814,230 | ||||
Total Biotechnology | 1,542,671 | |||||
Capital Markets – 5.0% | ||||||
17,153 | B Riley Financial Inc | 967,086 | ||||
31,664 | Cowen Inc | 1,112,990 | ||||
9,128 | Morgan Stanley | 708,880 | ||||
11,802 | State Street Corp | 991,486 | ||||
Total Capital Markets | 3,780,442 | |||||
Chemicals – 3.1% | ||||||
15,079 | DuPont de Nemours Inc | 1,165,305 | ||||
11,675 | Innospec Inc | 1,198,906 | ||||
Total Chemicals | 2,364,211 | |||||
Communications Equipment – 2.8% | ||||||
45,021 | Viasat Inc, (2) | 2,164,159 | ||||
Consumer Finance – 1.4% | ||||||
11,193 | Discover Financial Services | 1,063,223 |
6
Shares | Description (1) | Value | ||||
Diversified Consumer Services – 1.0% | ||||||
101,056 | Houghton Mifflin Harcourt Co, (2) | $770,047 | ||||
Electric Utilities – 3.0% | ||||||
21,169 | Alliant Energy Corp | 1,146,513 | ||||
14,123 | Pinnacle West Capital Corp | 1,148,906 | ||||
Total Electric Utilities | 2,295,419 | |||||
Electrical Equipment – 4.2% | ||||||
3,796 | Hubbell Inc | 709,434 | ||||
90,384 | nVent Electric PLC | 2,522,618 | ||||
Total Electrical Equipment | 3,232,052 | |||||
Energy Equipment & Services – 1.2% | ||||||
41,946 | Baker Hughes Co | 906,453 | ||||
Entertainment – 0.9% | ||||||
6,970 | Activision Blizzard Inc | 648,210 | ||||
Equity Real Estate Investment Trust – 2.6% | ||||||
31,663 | Healthcare Realty Trust Inc | 960,022 | ||||
30,290 | STAG Industrial Inc | 1,018,047 | ||||
Total Equity Real Estate Investment Trust | 1,978,069 | |||||
Food & Staples Retailing – 4.1% | ||||||
43,670 | Sprouts Farmers Market Inc, (2) | 1,162,496 | ||||
14,386 | Walmart Inc | 1,954,050 | ||||
Total Food & Staples Retailing | 3,116,546 | |||||
Food Products – 1.6% | ||||||
16,278 | Tyson Foods Inc | 1,209,455 | ||||
Gas Utilities – 1.4% | ||||||
21,982 | National Fuel Gas Co | 1,098,880 | ||||
Health Care Equipment & Supplies – 1.7% | ||||||
11,232 | Medtronic PLC | 1,326,836 | ||||
Health Care Providers & Services – 2.0% | ||||||
4,206 | Anthem Inc | 1,509,744 | ||||
Health Care Technology – 1.0% | ||||||
34,776 | Change Healthcare Inc, (2) | 768,550 | ||||
Household Durables – 1.7% | ||||||
24,607 | PulteGroup Inc | 1,290,391 |
7
Nuveen NWQ Multi-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
Insurance – 4.0% | ||||||
4,400 | Aon PLC | $1,012,484 | ||||
9,417 | Globe Life Inc | 909,965 | ||||
6,962 | RenaissanceRe Holdings Ltd | 1,115,660 | ||||
Total Insurance | 3,038,109 | |||||
Interactive Media & Services – 4.6% | ||||||
42,489 | TripAdvisor Inc, (2) | 2,285,483 | ||||
31,702 | Yelp Inc, (2) | 1,236,378 | ||||
Total Interactive Media & Services | 3,521,861 | |||||
IT Services – 2.8% | ||||||
13,124 | Amdocs Ltd | 920,648 | ||||
10,141 | Fiserv Inc, (2) | 1,207,185 | ||||
Total IT Services | 2,127,833 | |||||
Life Sciences Tools & Services – 1.7% | ||||||
16,649 | Syneos Health Inc, (2) | 1,262,827 | ||||
Machinery – 1.0% | ||||||
18,661 | Flowserve Corp | 724,233 | ||||
Media – 1.9% | ||||||
26,936 | Comcast Corp, Class A | 1,457,507 | ||||
Oil, Gas & Consumable Fuels – 4.2% | ||||||
10,946 | Cheniere Energy Inc, (2) | 788,222 | ||||
10,736 | Chevron Corp | 1,125,025 | ||||
17,758 | Hess Corp | 1,256,556 | ||||
Total Oil, Gas & Consumable Fuels | 3,169,803 | |||||
Pharmaceuticals – 4.8% | ||||||
16,661 | Bristol-Myers Squibb Co | 1,051,809 | ||||
44,886 | GlaxoSmithKline PLC, Sponsored ADR, (3) | 1,601,981 | ||||
54,000 | Takeda Pharmaceutical Co Ltd, Sponsored ADR, (3) | 986,040 | ||||
Total Pharmaceuticals | 3,639,830 | |||||
Semiconductors & Semiconductor Equipment – 1.5% | ||||||
60,454 | Rambus Inc, (2) | 1,175,226 | ||||
Software – 7.1% | ||||||
56,465 | NortonLifeLock Inc | 1,200,446 | ||||
36,541 | Oracle Corp | 2,564,082 | ||||
43,028 | Teradata Corp, (2) | 1,658,299 | ||||
Total Software | 5,422,827 | |||||
Specialty Retail – 3.7% | ||||||
5,460 | Advance Auto Parts Inc | 1,001,856 |
8
Shares | Description (1) | Value | ||||
Specialty Retail (continued) | ||||||
62,630 | American Eagle Outfitters Inc | $1,831,301 | ||||
Total Specialty Retail | 2,833,157 | |||||
Technology Hardware, Storage & Peripherals – 0.9% | ||||||
8,793 | Seagate Technology PLC | 674,863 | ||||
Wireless Telecommunication Services – 1.0% | ||||||
6,113 | T-Mobile US Inc, (2) | 765,898 | ||||
Total Long-Term Investments (cost $60,363,122) | 75,809,759 |
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 3.5% | ||||||
MONEY MARKET FUNDS – 3.5% | ||||||
2,657,683 | State Street Navigator Securities Lending Government Money Market Portfolio, (4) | 0.030% (5) | $2,657,683 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $2,657,683) | 2,657,683 | |||||
Total Investments (cost $63,020,805) – 103.0% | 78,467,442 | |||||
Other Assets Less Liabilities – (3.0)% | (2,285,215) | |||||
Net Assets – 100% | $76,182,227 |
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
9
Nuveen NWQ Multi-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $75,809,759 | $ — | $ — | $75,809,759 |
Investments Purchased with Collateral from Securities Lending | 2,657,683 | — | — | 2,657,683 |
Total | $78,467,442 | $ — | $ — | $78,467,442 |
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 $2,562,136. | |
(4) | The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund. | |
(5) | The rate shown is the one-day yield as of the end of the reporting period. | |
ADR | American Depositary Receipt |
10
Nuveen NWQ Large-Cap Value Fund
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.5% | ||||||
COMMON STOCKS – 98.5% | ||||||
Aerospace & Defense – 4.7% | ||||||
3,040 | General Dynamics Corp | $551,943 | ||||
4,730 | Raytheon Technologies Corp | 365,487 | ||||
Total Aerospace & Defense | 917,430 | |||||
Automobiles – 3.3% | ||||||
11,308 | General Motors Co, (2) | 649,758 | ||||
Banks – 10.8% | ||||||
9,816 | Citigroup Inc | 714,114 | ||||
21,308 | First Horizon Corp | 360,318 | ||||
4,165 | JPMorgan Chase & Co | 634,038 | ||||
10,292 | Wells Fargo & Co | 402,109 | ||||
Total Banks | 2,110,579 | |||||
Beverages – 1.6% | ||||||
5,968 | Coca-Cola Co | 314,573 | ||||
Biotechnology – 1.8% | ||||||
1,609 | Vertex Pharmaceuticals Inc, (2) | 345,758 | ||||
Capital Markets – 2.5% | ||||||
2,440 | Morgan Stanley | 189,491 | ||||
3,532 | State Street Corp | 296,723 | ||||
Total Capital Markets | 486,214 | |||||
Chemicals – 1.9% | ||||||
4,868 | DuPont de Nemours Inc | 376,199 | ||||
Communications Equipment – 2.7% | ||||||
11,060 | Viasat Inc, (2) | 531,654 | ||||
Consumer Finance – 1.7% | ||||||
3,476 | Discover Financial Services | 330,185 | ||||
Electric Utilities – 4.9% | ||||||
5,888 | Alliant Energy Corp | 318,894 | ||||
5,240 | Evergy Inc | 311,937 | ||||
4,015 | Pinnacle West Capital Corp | 326,621 | ||||
Total Electric Utilities | 957,452 |
11
Nuveen NWQ Large-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
Electrical Equipment – 5.6% | ||||||
2,312 | Eaton Corp PLC | $319,703 | ||||
1,205 | Hubbell Inc | 225,203 | ||||
19,520 | nVent Electric PLC | 544,803 | ||||
Total Electrical Equipment | 1,089,709 | |||||
Energy Equipment & Services – 1.3% | ||||||
11,897 | Baker Hughes Co | 257,094 | ||||
Entertainment – 1.0% | ||||||
2,078 | Activision Blizzard Inc | 193,254 | ||||
Equity Real Estate Investment Trust – 1.3% | ||||||
1,563 | Alexandria Real Estate Equities Inc | 256,801 | ||||
Food & Staples Retailing – 2.6% | ||||||
3,714 | Walmart Inc | 504,473 | ||||
Food Products – 2.0% | ||||||
5,165 | Tyson Foods Inc | 383,760 | ||||
Health Care Equipment & Supplies – 2.1% | ||||||
3,441 | Medtronic PLC | 406,485 | ||||
Health Care Providers & Services – 4.3% | ||||||
1,352 | Anthem Inc | 485,300 | ||||
2,685 | Quest Diagnostics Inc | 344,593 | ||||
Total Health Care Providers & Services | 829,893 | |||||
Hotels, Restaurants & Leisure – 2.1% | ||||||
6,850 | Las Vegas Sands Corp, (2) | 416,206 | ||||
Household Durables – 1.8% | ||||||
6,506 | PulteGroup Inc | 341,175 | ||||
Insurance – 5.6% | ||||||
5,488 | American International Group Inc | 253,600 | ||||
1,324 | Aon PLC | 304,666 | ||||
3,118 | Globe Life Inc | 301,292 | ||||
1,480 | RenaissanceRe Holdings Ltd | 237,170 | ||||
Total Insurance | 1,096,728 | |||||
Interactive Media & Services – 4.0% | ||||||
180 | Alphabet Inc, Class A, (2) | 371,253 | ||||
7,492 | TripAdvisor Inc, (2) | 402,995 | ||||
Total Interactive Media & Services | 774,248 |
12
Shares | Description (1) | Value | ||||
IT Services – 3.8% | ||||||
3,699 | Amdocs Ltd | $259,485 | ||||
4,052 | Fiserv Inc, (2) | 482,350 | ||||
Total IT Services | 741,835 | |||||
Media – 2.2% | ||||||
7,774 | Comcast Corp, Class A | 420,651 | ||||
Metals & Mining – 1.6% | ||||||
5,262 | BHP Group PLC, Sponsored ADR, (3) | 304,459 | ||||
Oil, Gas & Consumable Fuels – 4.8% | ||||||
3,167 | Cheniere Energy Inc, (2) | 228,056 | ||||
3,359 | Chevron Corp | 351,989 | ||||
4,954 | Hess Corp | 350,545 | ||||
Total Oil, Gas & Consumable Fuels | 930,590 | |||||
Pharmaceuticals – 5.8% | ||||||
4,633 | Bristol-Myers Squibb Co | 292,481 | ||||
12,691 | GlaxoSmithKline PLC, Sponsored ADR, (3) | 452,942 | ||||
20,913 | Takeda Pharmaceutical Co Ltd, Sponsored ADR, (3) | 381,871 | ||||
Total Pharmaceuticals | 1,127,294 | |||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||||
4,144 | Intel Corp | 265,216 | ||||
Software – 5.4% | ||||||
17,686 | NortonLifeLock Inc | 376,004 | ||||
9,663 | Oracle Corp | 678,053 | ||||
Total Software | 1,054,057 | |||||
Specialty Retail – 1.7% | ||||||
1,808 | Advance Auto Parts Inc | 331,750 | ||||
Technology Hardware, Storage & Peripherals – 1.0% | ||||||
2,428 | Seagate Technology PLC | 186,349 | ||||
Wireless Telecommunication Services – 1.2% | ||||||
1,837 | T-Mobile US Inc, (2) | 230,158 | ||||
Total Long-Term Investments (cost $13,425,030) | 19,161,987 |
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 6.0% | ||||||
MONEY MARKET FUNDS – 6.0% | ||||||
1,164,839 | State Street Navigator Securities Lending Government Money Market Portfolio, (4) | 0.030% (5) | $1,164,839 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $1,164,839) | 1,164,839 |
13
Nuveen NWQ Large-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.3% | ||||||
�� | REPURCHASE AGREEMENTS – 2.3% | |||||
$445 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $444,784, collateralized by $444,500, U.S. Treasury Notes, 1.125%, due 2/28/25, value $453,759 | 0.000% | 4/01/21 | $444,784 | ||
Total Short-Term Investments (cost $444,784) | 444,784 | |||||
Total Investments (cost $15,034,653) – 106.8% | 20,771,610 | |||||
Other Assets Less Liabilities – (6.8)% | (1,314,861) | |||||
Net Assets – 100% | $19,456,749 |
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $19,161,987 | $ — | $ — | $19,161,987 |
Investments Purchased with Collateral from Securities Lending | 1,164,839 | — | — | 1,164,839 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 444,784 | — | 444,784 |
Total | $20,326,826 | $444,784 | $ — | $20,771,610 |
14
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 $1,127,839. | |
(4) | The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund. | |
(5) | The rate shown is the one-day yield as of the end of the reporting period. | |
ADR | American Depositary Receipt |
15
Nuveen NWQ Small/Mid-Cap Value Fund
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 93.3% | ||||||
COMMON STOCKS – 93.3% | ||||||
Aerospace & Defense – 3.5% | ||||||
3,280 | Curtiss-Wright Corp | $389,008 | ||||
25,130 | Parsons Corp, (2) | 1,016,257 | ||||
Total Aerospace & Defense | 1,405,265 | |||||
Auto Components – 1.9% | ||||||
16,272 | BorgWarner Inc | 754,370 | ||||
Banks – 11.4% | ||||||
23,480 | Ameris Bancorp | 1,232,935 | ||||
19,520 | Bank of NT Butterfield & Son Ltd | 746,055 | ||||
48,999 | First Horizon Corp | 828,573 | ||||
16,787 | PacWest Bancorp | 640,424 | ||||
11,571 | Western Alliance Bancorp | 1,092,765 | ||||
Total Banks | 4,540,752 | |||||
Biotechnology – 4.1% | ||||||
194,268 | ADMA Biologics Inc, (2) | 341,912 | ||||
26,079 | Coherus Biosciences Inc, (2) | 381,014 | ||||
105,219 | Rigel Pharmaceuticals Inc, (2) | 359,849 | ||||
3,280 | United Therapeutics Corp, (2) | 548,646 | ||||
Total Biotechnology | 1,631,421 | |||||
Building Products – 1.6% | ||||||
13,552 | Builders FirstSource Inc, (2) | 628,406 | ||||
Capital Markets – 3.4% | ||||||
20,467 | Cowen Inc | 719,415 | ||||
4,785 | Evercore Inc | 630,376 | ||||
Total Capital Markets | 1,349,791 | |||||
Chemicals – 2.8% | ||||||
13,673 | Huntsman Corp | 394,192 | ||||
19,341 | Olin Corp | 734,378 | ||||
Total Chemicals | 1,128,570 | |||||
Communications Equipment – 3.3% | ||||||
9,943 | Ciena Corp, (2) | 544,081 | ||||
15,507 | Viasat Inc, (2) | 745,422 | ||||
Total Communications Equipment | 1,289,503 |
16
Shares | Description (1) | Value | ||||
Diversified Consumer Services – 1.3% | ||||||
67,789 | Houghton Mifflin Harcourt Co, (2) | $516,552 | ||||
Electric Utilities – 2.2% | ||||||
4,371 | IDACORP Inc | 436,969 | ||||
5,152 | Pinnacle West Capital Corp | 419,115 | ||||
Total Electric Utilities | 856,084 | |||||
Electrical Equipment – 6.3% | ||||||
9,276 | EnerSys | 842,261 | ||||
2,806 | Hubbell Inc | 524,413 | ||||
41,271 | nVent Electric PLC | 1,151,874 | ||||
Total Electrical Equipment | 2,518,548 | |||||
Electronic Equipment, Instruments & Components – 1.6% | ||||||
2,140 | Fabrinet, (2) | 193,435 | ||||
17,732 | Vishay Intertechnology Inc | 426,986 | ||||
Total Electronic Equipment, Instruments & Components | 620,421 | |||||
Energy Equipment & Services – 1.6% | ||||||
47,294 | NOV Inc, (2) | 648,874 | ||||
Equity Real Estate Investment Trust – 5.2% | ||||||
32,853 | Brandywine Realty Trust | 424,132 | ||||
23,540 | Easterly Government Properties Inc | 487,984 | ||||
43,157 | SITE Centers Corp | 585,209 | ||||
17,128 | STAG Industrial Inc | 575,672 | ||||
Total Equity Real Estate Investment Trust | 2,072,997 | |||||
Food & Staples Retailing – 1.3% | ||||||
19,116 | Sprouts Farmers Market Inc, (2) | 508,868 | ||||
Gas Utilities – 1.1% | ||||||
8,299 | National Fuel Gas Co | 414,867 | ||||
Hotels, Restaurants & Leisure – 1.5% | ||||||
8,256 | Brinker International Inc, (2) | 586,671 | ||||
Household Durables – 3.8% | ||||||
11,815 | PulteGroup Inc | 619,578 | ||||
28,328 | Taylor Morrison Home Corp, (2) | 872,786 | ||||
Total Household Durables | 1,492,364 | |||||
Insurance – 4.0% | ||||||
3,142 | Everest Re Group Ltd | 778,619 | ||||
4,422 | Globe Life Inc | 427,298 |
17
Nuveen NWQ Small/Mid-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
Insurance (continued) | ||||||
2,425 | RenaissanceRe Holdings Ltd | $388,606 | ||||
Total Insurance | 1,594,523 | |||||
Interactive Media & Services – 4.9% | ||||||
24,564 | TripAdvisor Inc, (2) | 1,321,298 | ||||
16,161 | Yelp Inc, (2) | 630,279 | ||||
Total Interactive Media & Services | 1,951,577 | |||||
IT Services – 1.3% | ||||||
7,335 | Amdocs Ltd | 514,550 | ||||
Life Sciences Tools & Services – 2.7% | ||||||
869 | Bio-Rad Laboratories Inc, (2) | 496,347 | ||||
7,671 | Syneos Health Inc, (2) | 581,845 | ||||
Total Life Sciences Tools & Services | 1,078,192 | |||||
Machinery – 2.6% | ||||||
12,621 | Federal Signal Corp | 483,384 | ||||
14,081 | Flowserve Corp | 546,484 | ||||
Total Machinery | 1,029,868 | |||||
Metals & Mining – 3.7% | ||||||
8,522 | Materion Corp | 564,497 | ||||
5,822 | Reliance Steel & Aluminum Co | 886,633 | ||||
Total Metals & Mining | 1,451,130 | |||||
Multiline Retail – 2.0% | ||||||
21,360 | Nordstrom Inc, (2) | 808,903 | ||||
Oil, Gas & Consumable Fuels – 2.3% | ||||||
78,846 | Magnolia Oil & Gas Corp, (2) | 905,152 | ||||
Road & Rail – 1.4% | ||||||
11,644 | Knight-Swift Transportation Holdings Inc | 559,960 | ||||
Semiconductors & Semiconductor Equipment – 4.0% | ||||||
4,382 | Qorvo Inc, (2) | 800,591 | ||||
41,241 | Rambus Inc, (2) | 801,725 | ||||
Total Semiconductors & Semiconductor Equipment | 1,602,316 | |||||
Software – 2.1% | ||||||
21,593 | Teradata Corp, (2) | 832,194 | ||||
Specialty Retail – 4.4% | ||||||
3,381 | Advance Auto Parts Inc | 620,380 |
18
Shares | Description (1) | Value | ||||
Specialty Retail (continued) | ||||||
37,774 | American Eagle Outfitters Inc | $1,104,512 | ||||
Total Specialty Retail | 1,724,892 | |||||
Total Long-Term Investments (cost $27,468,781) | 37,017,581 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 5.3% | ||||||
REPURCHASE AGREEMENTS – 5.3% | ||||||
$2,111 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $2,110,877, collateralized by $2,109,200, U.S. Treasury Notes, 1.125%, due 2/28/25, value $2,153,136 | 0.000% | 4/01/21 | $2,110,877 | ||
Total Short-Term Investments (cost $2,110,877) | 2,110,877 | |||||
Total Investments (cost $29,579,658) – 98.6% | 39,128,458 | |||||
Other Assets Less Liabilities – 1.4% | 574,967 | |||||
Net Assets – 100% | $39,703,425 |
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
19
Nuveen NWQ Small/Mid-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $37,017,581 | $ — | $ — | $37,017,581 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 2,110,877 | — | 2,110,877 |
Total | $37,017,581 | $2,110,877 | $ — | $39,128,458 |
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. |
20
Nuveen NWQ Small-Cap Value Fund
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.0% | ||||||
COMMON STOCKS – 97.0% | ||||||
Aerospace & Defense – 2.5% | ||||||
161,226 | Parsons Corp, (2) | $6,519,979 | ||||
Banks – 17.7% | ||||||
315,172 | Amalgamated Financial Corp | 5,228,703 | ||||
150,117 | Ameris Bancorp | 7,882,644 | ||||
248,547 | Banc of California Inc | 4,493,730 | ||||
137,073 | Bank of NT Butterfield & Son Ltd | 5,238,930 | ||||
108,632 | Enterprise Financial Services Corp | 5,370,766 | ||||
133,624 | PacWest Bancorp | 5,097,756 | ||||
60,706 | South State Corp | 4,766,028 | ||||
80,807 | Western Alliance Bancorp | 7,631,413 | ||||
Total Banks | 45,709,970 | |||||
Biotechnology – 4.4% | ||||||
1,335,005 | ADMA Biologics Inc, (2) | 2,349,609 | ||||
177,712 | Coherus Biosciences Inc, (2) | 2,596,372 | ||||
678,607 | Rigel Pharmaceuticals Inc, (2) | 2,320,836 | ||||
23,607 | United Therapeutics Corp, (2) | 3,948,743 | ||||
Total Biotechnology | 11,215,560 | |||||
Capital Markets – 3.9% | ||||||
155,634 | Cowen Inc | 5,470,535 | ||||
33,927 | Evercore Inc | 4,469,543 | ||||
Total Capital Markets | 9,940,078 | |||||
Chemicals – 1.6% | ||||||
39,092 | Innospec Inc | 4,014,357 | ||||
Communications Equipment – 2.9% | ||||||
132,014 | Digi International Inc, (2) | 2,506,946 | ||||
102,539 | Viasat Inc, (2) | 4,929,050 | ||||
Total Communications Equipment | 7,435,996 | |||||
Construction & Engineering – 1.9% | ||||||
76,857 | Arcosa Inc | 5,002,622 | ||||
Containers & Packaging – 1.8% | ||||||
72,525 | Sonoco Products Co | 4,590,832 |
21
Nuveen NWQ Small-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Shares | Description (1) | Value | ||||
Diversified Consumer Services – 1.2% | ||||||
414,622 | Houghton Mifflin Harcourt Co, (2) | $3,159,420 | ||||
Electric Utilities – 2.1% | ||||||
32,079 | IDACORP Inc | 3,206,938 | ||||
48,000 | Portland General Electric Co | 2,278,560 | ||||
Total Electric Utilities | 5,485,498 | |||||
Electrical Equipment – 5.5% | ||||||
64,910 | EnerSys | 5,893,828 | ||||
294,090 | nVent Electric PLC | 8,208,052 | ||||
Total Electrical Equipment | 14,101,880 | |||||
Electronic Equipment, Instruments & Components – 1.6% | ||||||
166,785 | Vishay Intertechnology Inc | 4,016,183 | ||||
Energy Equipment & Services – 2.7% | ||||||
218,454 | National Energy Services Reunited Corp, (2) | 2,702,276 | ||||
313,514 | NOV Inc, (2) | 4,301,412 | ||||
Total Energy Equipment & Services | 7,003,688 | |||||
Equity Real Estate Investment Trust – 5.2% | ||||||
213,197 | Brandywine Realty Trust | 2,752,373 | ||||
153,582 | Easterly Government Properties Inc | 3,183,755 | ||||
282,969 | SITE Centers Corp | 3,837,060 | ||||
110,178 | STAG Industrial Inc | 3,703,082 | ||||
Total Equity Real Estate Investment Trust | 13,476,270 | |||||
Food & Staples Retailing – 1.3% | ||||||
122,374 | Sprouts Farmers Market Inc, (2) | 3,257,596 | ||||
Gas Utilities – 1.1% | ||||||
58,227 | National Fuel Gas Co | 2,910,768 | ||||
Hotels, Restaurants & Leisure – 3.2% | ||||||
304,825 | El Pollo Loco Holdings Inc, (2) | 4,913,779 | ||||
130,100 | Ruth's Hospitality Group Inc, (2) | 3,230,383 | ||||
Total Hotels, Restaurants & Leisure | 8,144,162 | |||||
Household Durables – 2.3% | ||||||
192,079 | Taylor Morrison Home Corp, (2) | 5,917,954 | ||||
Interactive Media & Services – 5.1% | ||||||
165,501 | TripAdvisor Inc, (2) | 8,902,299 | ||||
110,613 | Yelp Inc, (2) | 4,313,907 | ||||
Total Interactive Media & Services | 13,216,206 |
22
Shares | Description (1) | Value | ||||
Leisure Products – 1.8% | ||||||
184,617 | American Outdoor Brands Inc, (2) | $4,652,348 | ||||
Machinery – 3.3% | ||||||
85,696 | Federal Signal Corp | 3,282,157 | ||||
96,797 | Flowserve Corp | 3,756,692 | ||||
109,698 | Mayville Engineering Co Inc, (2) | 1,577,457 | ||||
Total Machinery | 8,616,306 | |||||
Metals & Mining – 4.1% | ||||||
56,845 | Kaiser Aluminum Corp | 6,281,373 | ||||
65,306 | Materion Corp | 4,325,869 | ||||
Total Metals & Mining | 10,607,242 | |||||
Multiline Retail – 2.1% | ||||||
141,973 | Nordstrom Inc, (2) | 5,376,518 | ||||
Oil, Gas & Consumable Fuels – 2.4% | ||||||
533,637 | Magnolia Oil & Gas Corp, (2) | 6,126,153 | ||||
Road & Rail – 1.4% | ||||||
215,663 | Marten Transport Ltd | 3,659,801 | ||||
Semiconductors & Semiconductor Equipment – 4.6% | ||||||
166,415 | GSI Technology Inc, (2) | 1,113,316 | ||||
311,151 | Rambus Inc, (2) | 6,048,776 | ||||
164,008 | Tower Semiconductor Ltd, (2) | 4,598,784 | ||||
Total Semiconductors & Semiconductor Equipment | 11,760,876 | |||||
Software – 2.4% | ||||||
163,661 | Teradata Corp, (2) | 6,307,495 | ||||
Specialty Retail – 3.0% | ||||||
268,272 | American Eagle Outfitters Inc | 7,844,273 | ||||
Thrifts & Mortgage Finance – 3.9% | ||||||
82,996 | Essent Group Ltd | 3,941,480 | ||||
138,203 | HomeStreet Inc | 6,090,606 | ||||
Total Thrifts & Mortgage Finance | 10,032,086 | |||||
Total Long-Term Investments (cost $185,271,714) | 250,102,117 |
23
Nuveen NWQ Small-Cap Value Fund (continued)
Portfolio of Investments March 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.7% | ||||||
REPURCHASE AGREEMENTS – 2.7% | ||||||
$6,940 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/21, repurchase price $6,939,721, collateralized by $6,934,100, U.S. Treasury Notes, 1.125%, due 2/28/25, value $7,078,542 | 0.000% | 4/01/21 | $6,939,721 | ||
Total Short-Term Investments (cost $6,939,721) | 6,939,721 | |||||
Total Investments (cost $192,211,435) – 99.7% | 257,041,838 | |||||
Other Assets Less Liabilities – 0.3% | 700,101 | |||||
Net Assets – 100% | $257,741,939 |
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Common Stocks | $250,102,117 | $ — | $ — | $250,102,117 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 6,939,721 | — | 6,939,721 |
Total | $250,102,117 | $6,939,721 | $ — | $257,041,838 |
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. |
24