1
Nuveen
Global
Equity
Income
Fund
Portfolio
of
Investments
September
30,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
97.6%
X
119,641,211
COMMON
STOCKS
-
97.1%
X
119,641,211
Aerospace
&
Defense
-
3.7%
25,373
Airbus
SE
(2)
$
2,187,162
11,435
General
Dynamics
Corp
2,426,164
Total
Aerospace
&
Defense
4,613,326
Air
Freight
&
Logistics
-
1.8%
74,275
Deutsche
Post
AG
(2)
2,238,622
Automobiles
-
1.2%
46,652
General
Motors
Co
1,497,063
Banks
-
10.4%
59,654
Fifth
Third
Bancorp
1,906,542
20,706
JPMorgan
Chase
&
Co
2,163,777
430,351
Nordea
Bank
Abp
(2)
3,677,680
282,320
Oversea-Chinese
Banking
Corp
Ltd
(2)
2,313,296
69,458
Wells
Fargo
&
Co
2,793,601
Total
Banks
12,854,896
Beverages
-
1.7%
38,490
Coca-Cola
Co
2,156,210
Biotechnology
-
2.2%
20,211
AbbVie
Inc
2,712,518
Capital
Markets
-
2.7%
19,985
Deutsche
Boerse
AG
(2)
3,276,074
Chemicals
-
3.8%
45,841
DuPont
de
Nemours
Inc
2,310,386
27,892
Nutrien
Ltd
2,326,100
Total
Chemicals
4,636,486
Communications
Equipment
-
1.5%
46,419
Cisco
Systems
Inc
1,856,760
Electric
Utilities
-
1.2%
355,951
Enel
SpA
(2)
1,459,835
Electrical
Equipment
-
1.4%
12,630
Eaton
Corp
PLC
1,684,337
Entertainment
-
1.9%
57,810
Nintendo
Co
Ltd
(2)
2,331,724
Equity
Real
Estate
Investment
Trusts
(Reits)
-
1.1%
17,853
Boston
Properties
Inc
1,338,439
Food
&
Staples
Retailing
-
2.4%
23,179
Walmart
Inc
3,006,316
Nuveen
Global
Equity
Income
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
2
Shares
Description
(1)
Value
Health
Care
Equipment
&
Supplies
-
1.4%
20,747
Medtronic
PLC
$
1,675,320
Health
Care
Providers
&
Services
-
6.5%
8,368
Elevance
Health
Inc
3,801,080
35,141
Fresenius
Medical
Care
AG
&
Co
KGaA
(2)
990,027
6,703
Humana
Inc
3,252,229
Total
Health
Care
Providers
&
Services
8,043,336
Hotels,
Restaurants
&
Leisure
-
1.7%
54,555
Las
Vegas
Sands
Corp
(3)
2,046,904
Household
Durables
-
1.2%
37,867
PulteGroup
Inc
1,420,012
Industrial
Conglomerates
-
1.8%
22,936
Siemens
AG
(2)
2,241,830
Insurance
-
8.1%
9,649
Allianz
SE
(2)
1,520,048
11,370
Chubb
Ltd
2,067,976
9,867
Everest
Re
Group
Ltd
2,589,496
48,248
NN
Group
NV
(2)
1,876,554
4,901
Zurich
Insurance
Group
AG
(2)
1,953,786
Total
Insurance
10,007,860
IT
Services
-
1.2%
9,618
Capgemini
SE
(2)
1,539,846
Media
-
1.2%
48,480
Comcast
Corp,
Class
A
1,421,918
Metals
&
Mining
-
2.2%
110,505
BHP
Group
Ltd
(2)
2,746,946
Multi-Utilities
-
5.7%
47,327
Dominion
Energy
Inc
3,270,769
112,094
E.ON
SE
(2)
861,193
105,607
National
Grid
PLC
(2)
1,087,129
31,596
Public
Service
Enterprise
Group
Inc
1,776,643
Total
Multi-Utilities
6,995,734
Oil,
Gas
&
Consumable
Fuels
-
8.2%
21,472
Chevron
Corp
3,084,882
169,640
Enterprise
Products
Partners
LP
4,034,039
120,535
Shell
PLC
(2)
2,990,224
Total
Oil,
Gas
&
Consumable
Fuels
10,109,145
Personal
Products
-
1.9%
58,570
Kao
Corp
(2)
2,383,233
Pharmaceuticals
-
8.9%
69,524
AstraZeneca
PLC,
Sponsored
ADR
3,812,696
41,475
Bristol-Myers
Squibb
Co
2,948,458
13,785
Johnson
&
Johnson
2,251,917
25,626
Sanofi
(2)
1,951,330
Total
Pharmaceuticals
10,964,401
3
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:
Shares
Description
(1)
Value
Semiconductors
&
Semiconductor
Equipment
-
2.6%
4,505
Broadcom
Inc
$
2,000,284
70,000
MediaTek
Inc
(2)
1,207,948
Total
Semiconductors
&
Semiconductor
Equipment
3,208,232
Software
-
3.1%
7,579
Microsoft
Corp
1,765,149
34,109
Oracle
Corp
2,083,037
Total
Software
3,848,186
Technology
Hardware,
Storage
&
Peripherals
-
1.2%
43,617
Samsung
Electronics
Co
Ltd
(2)
1,416,806
Trading
Companies
&
Distributors
-
1.7%
95,600
Mitsui
&
Co
Ltd
(2)
2,034,345
Wireless
Telecommunication
Services
-
1.5%
53,098
SK
Telecom
Co
Ltd
(2)
1,874,551
Total
Common
Stocks
(cost
$121,387,351)
119,641,211
Shares
Description
(1)
Coupon
Issue
Price
Cap
Price
Maturity
Value
X
587,926
STRUCTURED
NOTES
-
0.5%
X
587,926
18,900
Goldman
Sachs,
Mandatory
Exchangeable
Note,
Linked
to
Common
Stock
of
Antero
Resources
Corp.
(Cap
129.50%
of
the
Issue
Price)
,
Reg
S
16.000%
$28.4848
$36.8878
9/27/22
$
587,926
Total
Structured
Notes
(cost
$538,363)
587,926
Total
Long-Term
Investments
(cost
$121,925,714)
120,229,137
Other
Assets
Less
Liabilities
- 2.4%
3,005,958
Net
Assets
-
100%
$
123,235,095
Nuveen
Global
Equity
Income
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
4
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
73,481,023
$
46,160,188
$
–
$
119,641,211
Structured
Notes
–
587,926
–
587,926
Total
$
73,481,023
$
46,748,114
$
–
$
120,229,137
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.
ADR
American
Depositary
Receipt
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
5
Nuveen
Multi-Cap
Value
Fund
Portfolio
of
Investments
September
30,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
98.9%
X
71,809,654
COMMON
STOCKS
-
98.9%
X
71,809,654
Aerospace
&
Defense
-
5.3%
11,768
Curtiss-Wright
Corp
$
1,637,635
10,347
General
Dynamics
Corp
2,195,323
Total
Aerospace
&
Defense
3,832,958
Automobiles
-
2.2%
50,457
General
Motors
Co
1,619,165
Banks
-
10.6%
44,369
Bank
of
NT
Butterfield
&
Son
Ltd
1,440,218
38,481
Citigroup
Inc
1,603,503
32,699
HomeStreet
Inc
942,058
15,552
JPMorgan
Chase
&
Co
1,625,184
52,727
Wells
Fargo
&
Co
2,120,680
Total
Banks
7,731,643
Biotechnology
-
5.1%
7,585
AbbVie
Inc
1,017,983
602,958
ADMA
Biologics
Inc
(2),(3)
1,465,188
4,185
Vertex
Pharmaceuticals
Inc
(3)
1,211,725
Total
Biotechnology
3,694,896
Capital
Markets
-
3.8%
19,248
B
Riley
Financial
Inc
856,921
11,393
Morgan
Stanley
900,161
16,109
State
Street
Corp
979,588
Total
Capital
Markets
2,736,670
Chemicals
-
4.1%
24,667
DuPont
de
Nemours
Inc
1,243,217
20,148
Innospec
Inc
1,726,079
Total
Chemicals
2,969,296
Communications
Equipment
-
1.9%
46,873
Viasat
Inc
(3)
1,416,971
Consumer
Finance
-
1.5%
12,238
Discover
Financial
Services
1,112,679
Diversified
Telecommunication
Services
-
1.4%
64,377
AT&T
Inc
987,543
Electric
Utilities
-
4.5%
20,890
Alliant
Energy
Corp
1,106,961
16,039
Constellation
Energy
Corp
1,334,285
12,416
Pinnacle
West
Capital
Corp
800,956
Total
Electric
Utilities
3,242,202
Electrical
Equipment
-
4.4%
3,905
Hubbell
Inc
870,815
73,945
nVent
Electric
PLC
2,337,401
Total
Electrical
Equipment
3,208,216
Nuveen
Multi-Cap
Value
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
6
Shares
Description
(1)
Value
Energy
Equipment
&
Services
-
1.8%
61,805
Baker
Hughes
Co
$
1,295,433
Entertainment
-
0.2%
15,573
Warner
Bros
Discovery
Inc
(3)
179,089
Equity
Real
Estate
Investment
Trusts
(Reits)
-
1.4%
37,086
STAG
Industrial
Inc
1,054,355
Equity
Real
Estate
Investment
Trusts
(REITs)
-
1.3%
29,236
American
Homes
4
Rent,
Class
A
959,233
Food
&
Staples
Retailing
-
2.8%
15,826
Walmart
Inc
2,052,632
Health
Care
Equipment
&
Supplies
-
1.7%
15,597
Medtronic
PLC
1,259,458
Health
Care
Providers
&
Services
-
4.9%
4,429
Elevance
Health
Inc
2,011,829
16,453
Encompass
Health
Corp
744,169
54,900
Enhabit
Inc
(3)
770,796
Total
Health
Care
Providers
&
Services
3,526,794
Health
Care
Technology
-
1.5%
40,339
Change
Healthcare
Inc
(3)
1,108,919
Hotels,
Restaurants
&
Leisure
-
1.2%
34,852
Brinker
International
Inc
(3)
870,603
Household
Durables
-
1.3%
24,522
PulteGroup
Inc
919,575
Insurance
-
4.9%
3,445
Aon
PLC,
Class
A
922,812
14,978
Globe
Life
Inc
1,493,307
8,028
RenaissanceRe
Holdings
Ltd
1,127,051
Total
Insurance
3,543,170
Interactive
Media
&
Services
-
1.3%
42,489
TripAdvisor
Inc
(3)
938,157
IT
Services
-
2.0%
15,470
Fiserv
Inc
(3)
1,447,528
Life
Sciences
Tools
&
Services
-
1.3%
20,192
Syneos
Health
Inc
(3)
952,053
Machinery
-
2.3%
67,333
Flowserve
Corp
1,636,192
Media
-
0.9%
21,663
Comcast
Corp,
Class
A
635,376
Multi-Utilities
-
1.8%
18,526
Dominion
Energy
Inc
1,280,332
7
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
Shares
Description
(1)
Value
Oil,
Gas
&
Consumable
Fuels
-
8.6%
8,143
Cheniere
Energy
Inc
$
1,351,005
9,913
Chesapeake
Energy
Corp
933,904
13,125
Hess
Corp
1,430,494
51,450
Shell
PLC,
ADR
2,560,152
Total
Oil,
Gas
&
Consumable
Fuels
6,275,555
Pharmaceuticals
-
1.8%
23,966
AstraZeneca
PLC,
Sponsored
ADR
1,314,295
Semiconductors
&
Semiconductor
Equipment
-
2.2%
61,496
Rambus
Inc
(3)
1,563,228
Software
-
6.4%
57,995
NortonLifeLock
Inc
1,168,019
35,224
Oracle
Corp
2,151,130
43,543
Teradata
Corp
(3)
1,352,446
Total
Software
4,671,595
Specialty
Retail
-
0.9%
64,739
American
Eagle
Outfitters
Inc
629,910
Wireless
Telecommunication
Services
-
1.6%
8,526
T-Mobile
US
Inc
(3)
1,143,933
Total
Long-Term
Investments
(cost
$69,114,275)
71,809,654
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.1
%
X
90,744
MONEY
MARKET
FUNDS
-
0.1%
X
90,744
90,744
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
3.070%(5)
$
90,744
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$90,744)
90,744
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
1.6%
1,180,414
REPURCHASE
AGREEMENTS
-
1.6%
1,180,414
$
1,180
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
9/30/22,repurchase
price
$1,180,496,
collateralized
by
$1,302,600,
U.S.
Treasury
Note,
2.25%,
due
8/15/27,
value
$1,204,090
0.830%
10/03/22
$
1,180,414
Total
Short-Term
Investments
(cost
$1,180,414)
1,180,414
Total
Investments
(cost
$
70,385,433
)
-
100
.6
%
73,080,812
Other
Assets
Less
Liabilities
- (0.6)%
(
460,551
)
Net
Assets
-
100%
$
72,620,261
Nuveen
Multi-Cap
Value
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
8
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
$
71,809,654
$
–
$
–
$
71,809,654
Investments
Purchased
with
Collateral
from
Securities
Lending
90,744
–
–
90,744
Short-Term
Investments:
Repurchase
Agreements
–
1,180,414
–
1,180,414
Total
$
71,900,398
$
1,180,414
$
–
$
73,080,812
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Investment,
or
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
$84,875.
(3)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(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
9
Nuveen
Large-Cap
Value
Fund
Portfolio
of
Investments
September
30,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
96.6%
X
17,061,634
COMMON
STOCKS
-
96.6%
X
17,061,634
Aerospace
&
Defense
-
4.6%
2,468
General
Dynamics
Corp
$
523,635
3,515
Raytheon
Technologies
Corp
287,738
Total
Aerospace
&
Defense
811,373
Automobiles
-
2.2%
12,015
General
Motors
Co
385,561
Banks
-
7.8%
9,291
Citigroup
Inc
387,156
4,281
JPMorgan
Chase
&
Co
447,364
13,386
Wells
Fargo
&
Co
538,385
Total
Banks
1,372,905
Beverages
-
1.6%
5,117
Coca-Cola
Co
286,654
Biotechnology
-
5.1%
1,976
AbbVie
Inc
265,199
4,902
Horizon
Therapeutics
PLC
(2)
303,385
1,143
Vertex
Pharmaceuticals
Inc
(2)
330,944
Total
Biotechnology
899,528
Capital
Markets
-
4.3%
6,328
KKR
&
Co
Inc
272,104
2,948
Morgan
Stanley
232,921
4,118
State
Street
Corp
250,416
Total
Capital
Markets
755,441
Chemicals
-
3.4%
6,666
DuPont
de
Nemours
Inc
335,967
6,131
Olin
Corp
262,897
Total
Chemicals
598,864
Communications
Equipment
-
1.7%
10,214
Viasat
Inc
(2)
308,769
Consumer
Finance
-
1.6%
3,091
Discover
Financial
Services
281,034
Diversified
Telecommunication
Services
-
1.4%
16,238
AT&T
Inc
249,091
Electric
Utilities
-
2.4%
4,870
Alliant
Energy
Corp
258,061
2,443
Pinnacle
West
Capital
Corp
157,598
Total
Electric
Utilities
415,659
Electrical
Equipment
-
5.6%
1,992
Eaton
Corp
PLC
265,653
961
Hubbell
Inc
214,303
16,276
nVent
Electric
PLC
514,484
Total
Electrical
Equipment
994,440
Nuveen
Large-Cap
Value
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
10
Shares
Description
(1)
Value
Energy
Equipment
&
Services
-
1.8%
14,985
Baker
Hughes
Co
$
314,086
Entertainment
-
0.2%
3,711
Warner
Bros
Discovery
Inc
(2)
42,677
Equity
Real
Estate
Investment
Trusts
-
1.8%
2,294
Alexandria
Real
Estate
Equities
Inc
321,596
Food
&
Staples
Retailing
-
2.9%
3,896
Walmart
Inc
505,311
Health
Care
Equipment
&
Supplies
-
1.7%
3,746
Medtronic
PLC
302,490
Health
Care
Providers
&
Services
-
5.3%
931
Elevance
Health
Inc
422,897
557
Humana
Inc
270,251
1,927
Quest
Diagnostics
Inc
236,424
Total
Health
Care
Providers
&
Services
929,572
Health
Care
Technology
-
1.3%
8,541
Change
Healthcare
Inc
(2)
234,792
Hotels,
Restaurants
&
Leisure
-
1.4%
6,457
Las
Vegas
Sands
Corp
(2)
242,267
Household
Durables
-
1.2%
5,533
PulteGroup
Inc
207,488
Insurance
-
6.7%
6,862
American
International
Group
Inc
325,808
798
Aon
PLC,
Class
A
213,760
3,631
Globe
Life
Inc
362,011
1,952
RenaissanceRe
Holdings
Ltd
274,041
Total
Insurance
1,175,620
Interactive
Media
&
Services
-
2.5%
2,160
Alphabet
Inc,
Class
A
(2)
206,604
10,413
TripAdvisor
Inc
(2)
229,919
Total
Interactive
Media
&
Services
436,523
IT
Services
-
2.4%
4,513
Fiserv
Inc
(2)
422,281
Life
Sciences
Tools
&
Services
-
0.8%
3,024
Syneos
Health
Inc
(2)
142,582
Machinery
-
1.7%
12,722
Flowserve
Corp
309,145
Media
-
0.9%
5,599
Comcast
Corp,
Class
A
164,219
Metals
&
Mining
-
1.2%
4,186
BHP
Group
Ltd,
Sponsored
ADR
(3)
209,467
11
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
Shares
Description
(1)
Value
Multi-Utilities
-
3.4%
4,786
Dominion
Energy
Inc
$
330,761
4,832
Public
Service
Enterprise
Group
Inc
271,703
Total
Multi-Utilities
602,464
Oil,
Gas
&
Consumable
Fuels
-
8.8%
1,958
Cheniere
Energy
Inc
324,852
2,326
Chesapeake
Energy
Corp
219,132
3,171
Hess
Corp
345,607
13,296
Shell
PLC,
ADR
661,609
Total
Oil,
Gas
&
Consumable
Fuels
1,551,200
Pharmaceuticals
-
2.0%
6,469
AstraZeneca
PLC,
Sponsored
ADR
354,760
Semiconductors
&
Semiconductor
Equipment
-
0.9%
6,339
Intel
Corp
163,356
Software
-
4.5%
13,898
NortonLifeLock
Inc
279,906
8,557
Oracle
Corp
522,576
Total
Software
802,482
Wireless
Telecommunication
Services
-
1.5%
1,997
T-Mobile
US
Inc
(2)
267,937
Total
Long-Term
Investments
(cost
$15,095,426)
17,061,634
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
1.2
%
X
213,676
MONEY
MARKET
FUNDS
-
1.2%
X
213,676
213,676
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
3.070%(5)
$
213,676
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$213,676)
213,676
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
3.9%
685,144
REPURCHASE
AGREEMENTS
-
3.9%
685,144
$
685
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
9/30/22,repurchase
price
$685,192,
collateralized
by
$756,100,
U.S.
Treasury
Note,
2.25%,
due
8/15/27,
value
$698,920
0.830%
10/03/22
$
685,144
Total
Short-Term
Investments
(cost
$685,144)
685,144
Total
Investments
(cost
$
15,994,246
)
-
101
.7
%
17,960,454
Other
Assets
Less
Liabilities
- (1.7)%
(
295,116
)
Net
Assets
-
100%
$
17,665,338
Nuveen
Large-Cap
Value
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
12
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
$
17,061,634
$
–
$
–
$
17,061,634
Investments
Purchased
with
Collateral
from
Securities
Lending
213,676
–
–
213,676
Short-Term
Investments:
Repurchase
Agreements
–
685,144
–
685,144
Total
$
17,275,310
$
685,144
$
–
$
17,960,454
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
$207,366.
(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
13
Nuveen
Small/Mid-Cap
Value
Fund
Portfolio
of
Investments
September
30,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
96.5%
X
33,073,281
COMMON
STOCKS
-
96.5%
X
33,073,281
Aerospace
&
Defense
-
2.6%
6,404
Curtiss-Wright
Corp
$
891,181
Auto
Components
-
2.1%
13,422
BorgWarner
Inc
421,451
28,215
Goodyear
Tire
&
Rubber
Co
(2)
284,689
Total
Auto
Components
706,140
Banks
-
8.8%
21,513
HomeStreet
Inc
619,790
25,486
Old
National
Bancorp/IN
419,755
24,059
PacWest
Bancorp
543,733
7,943
SouthState
Corp
628,450
12,382
Western
Alliance
Bancorp
813,993
Total
Banks
3,025,721
Biotechnology
-
5.0%
282,198
ADMA
Biologics
Inc
(2)
685,741
29,690
Coherus
Biosciences
Inc
(2)
285,321
3,498
United
Therapeutics
Corp
(2)
732,411
Total
Biotechnology
1,703,473
Capital
Markets
-
3.0%
14,613
Carlyle
Group
Inc
377,600
12,779
Stifel
Financial
Corp
663,358
Total
Capital
Markets
1,040,958
Chemicals
-
2.1%
17,031
Olin
Corp
730,289
Communications
Equipment
-
4.1%
9,979
Ciena
Corp
(2)
403,451
20,710
Juniper
Networks
Inc
540,945
14,873
Viasat
Inc
(2)
449,611
Total
Communications
Equipment
1,394,007
Containers
&
Packaging
-
0.9%
3,965
Crown
Holdings
Inc
321,284
Electric
Utilities
-
6.5%
9,133
Constellation
Energy
Corp
759,774
4,627
IDACORP
Inc
458,119
16,769
OGE
Energy
Corp
611,398
5,964
Pinnacle
West
Capital
Corp
384,738
Total
Electric
Utilities
2,214,029
Electrical
Equipment
-
7.7%
10,884
EnerSys
633,122
4,338
Hubbell
Inc
967,374
32,882
nVent
Electric
PLC
1,039,400
Total
Electrical
Equipment
2,639,896
Nuveen
Small/Mid-Cap
Value
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
14
Shares
Description
(1)
Value
Electronic
Equipment,
Instruments
&
Components
-
1.6%
8,897
Belden
Inc
$
533,998
Energy
Equipment
&
Services
-
1.2%
25,222
NOV
Inc
408,092
Equity
Real
Estate
Investment
Trusts
-
5.2%
16,735
Cousins
Properties
Inc
390,762
16,885
Iron
Mountain
Inc
742,433
62,032
SITE
Centers
Corp
664,363
Total
Equity
Real
Estate
Investment
Trusts
1,797,558
Equity
Real
Estate
Investment
Trusts
(Reits)
-
1.9%
22,813
STAG
Industrial
Inc
648,574
Equity
Real
Estate
Investment
Trusts
(REITs)
-
1.8%
18,707
American
Homes
4
Rent,
Class
A
613,777
Food
Products
-
1.9%
28,063
Hostess
Brands
Inc
(2)
652,184
Health
Care
Equipment
&
Supplies
-
1.2%
5,982
QuidelOrtho
Corp
(2)
427,593
Health
Care
Providers
&
Services
-
1.7%
11,013
Tenet
Healthcare
Corp
(2)
568,050
Health
Care
Technology
-
1.5%
18,911
Change
Healthcare
Inc
(2)
519,863
Hotels,
Restaurants
&
Leisure
-
1.1%
15,414
Brinker
International
Inc
(2)
385,042
Insurance
-
6.4%
3,380
Everest
Re
Group
Ltd
887,047
8,105
Globe
Life
Inc
808,069
6,255
Selective
Insurance
Group
Inc
509,157
Total
Insurance
2,204,273
Interactive
Media
&
Services
-
1.2%
19,021
TripAdvisor
Inc
(2)
419,984
IT
Services
-
1.2%
5,520
Euronet
Worldwide
Inc
(2)
418,195
Life
Sciences
Tools
&
Services
-
2.3%
1,016
Bio-Rad
Laboratories
Inc,
Class
A
(2)
423,814
7,703
Syneos
Health
Inc
(2)
363,197
Total
Life
Sciences
Tools
&
Services
787,011
Machinery
-
2.9%
12,918
Federal
Signal
Corp
482,100
20,714
Flowserve
Corp
503,350
Total
Machinery
985,450
Media
-
1.5%
3,064
Nexstar
Media
Group
Inc
511,228
15
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
Shares
Description
(1)
Value
Metals
&
Mining
-
3.3%
7,304
Materion
Corp
$
584,320
3,078
Reliance
Steel
&
Aluminum
Co
536,834
Total
Metals
&
Mining
1,121,154
Oil,
Gas
&
Consumable
Fuels
-
4.5%
6,132
Chesapeake
Energy
Corp
577,695
48,180
Magnolia
Oil
&
Gas
Corp,
Class
A
954,446
Total
Oil,
Gas
&
Consumable
Fuels
1,532,141
Personal
Products
-
1.6%
26,776
BellRing
Brands
Inc
(2)
551,853
Pharmaceuticals
-
1.3%
3,417
Jazz
Pharmaceuticals
PLC
(2)
455,452
Professional
Services
-
1.0%
1,343
CACI
International
Inc,
Class
A
(2)
350,604
Road
&
Rail
-
1.9%
13,158
Knight-Swift
Transportation
Holdings
Inc
643,821
Semiconductors
&
Semiconductor
Equipment
-
3.6%
4,942
Cirrus
Logic
Inc
(2)
340,010
34,462
Rambus
Inc
(2)
876,024
Total
Semiconductors
&
Semiconductor
Equipment
1,216,034
Software
-
1.9%
21,068
Teradata
Corp
(2)
654,372
Total
Long-Term
Investments
(cost
$32,248,272)
33,073,281
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
3.4%
X
1,155,037
REPURCHASE
AGREEMENTS
-
3.4%
X
1,155,037
$
1,155
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
9/30/22,repurchase
price
$1,155,116,
collateralized
by
$1,274,600,
U.S.
Treasury
Note,
2.25%,
due
8/15/27,
value
$1,178,208
0.830%
10/03/22
$
1,155,037
Total
Short-Term
Investments
(cost
$1,155,037)
1,155,037
Total
Investments
(cost
$
33,403,309
)
-
99
.9
%
34,228,318
Other
Assets
Less
Liabilities
- 0.1%
37,874
Net
Assets
-
100%
$
34,266,192
Nuveen
Small/Mid-Cap
Value
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
16
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
$
33,073,281
$
–
$
–
$
33,073,281
Short-Term
Investments:
Repurchase
Agreements
–
1,155,037
–
1,155,037
Total
$
33,073,281
$
1,155,037
$
–
$
34,228,318
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.
17
Nuveen
Small-Cap
Value
Opportunities
Fund
Portfolio
of
Investments
September
30,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
99.0%
X
165,321,107
COMMON
STOCKS
-
99.0%
X
165,321,107
Aerospace
&
Defense
-
1.1%
13,190
Curtiss-Wright
Corp
$
1,835,520
Auto
Components
-
1.3%
219,849
Goodyear
Tire
&
Rubber
Co
(2)
2,218,276
Banks
-
17.0%
182,203
Amalgamated
Financial
Corp
4,108,678
215,419
Banc
of
California
Inc
3,440,241
95,992
Enterprise
Financial
Services
Corp
4,227,488
233,316
Heritage
Commerce
Corp
2,645,803
116,492
HomeStreet
Inc
3,356,135
154,026
Old
National
Bancorp/IN
2,536,808
115,987
PacWest
Bancorp
2,621,306
69,660
SouthState
Corp
5,511,500
Total
Banks
28,447,959
Biotechnology
-
5.4%
1,416,775
ADMA
Biologics
Inc
(2),(3)
3,442,763
215,509
Coherus
Biosciences
Inc
(2)
2,071,042
16,866
United
Therapeutics
Corp
(2)
3,531,403
Total
Biotechnology
9,045,208
Chemicals
-
3.0%
22,133
Chase
Corp
1,849,655
37,431
Innospec
Inc
3,206,714
Total
Chemicals
5,056,369
Communications
Equipment
-
3.9%
123,162
Digi
International
Inc
(2)
4,257,710
76,861
Viasat
Inc
(2)
2,323,508
Total
Communications
Equipment
6,581,218
Diversified
Consumer
Services
-
5.3%
203,277
Perdoceo
Education
Corp
(2)
2,093,753
189,511
PowerSchool
Holdings
Inc,
Class
A
(2)
3,162,939
84,205
Stride
Inc
(2)
3,539,136
Total
Diversified
Consumer
Services
8,795,828
Electric
Utilities
-
4.4%
24,837
IDACORP
Inc
2,459,111
34,631
MGE
Energy
Inc
2,272,833
58,131
PNM
Resources
Inc
2,658,331
Total
Electric
Utilities
7,390,275
Electrical
Equipment
-
4.3%
53,538
EnerSys
3,114,305
126,221
nVent
Electric
PLC
3,989,846
Total
Electrical
Equipment
7,104,151
Electronic
Equipment,
Instruments
&
Components
-
1.5%
43,104
Belden
Inc
2,587,102
Nuveen
Small-Cap
Value
Opportunities
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
18
Shares
Description
(1)
Value
Energy
Equipment
&
Services
-
3.1%
356,988
National
Energy
Services
Reunited
Corp
(2)
$
2,120,509
96,051
Weatherford
International
PLC
(2)
3,101,487
Total
Energy
Equipment
&
Services
5,221,996
Equity
Real
Estate
Investment
Trusts
-
3.2%
95,929
Cousins
Properties
Inc
2,239,942
282,992
SITE
Centers
Corp
3,030,844
Total
Equity
Real
Estate
Investment
Trusts
5,270,786
Equity
Real
Estate
Investment
Trusts
(Reits)
-
1.9%
110,010
STAG
Industrial
Inc
3,127,584
Food
Products
-
3.3%
127,975
Hostess
Brands
Inc
(2)
2,974,139
33,672
John
B
Sanfilippo
&
Son
Inc
2,549,981
Total
Food
Products
5,524,120
Health
Care
Providers
&
Services
-
1.7%
53,426
Tenet
Healthcare
Corp
(2)
2,755,713
Hotels,
Restaurants
&
Leisure
-
1.1%
239,711
Accel
Entertainment
Inc
(2)
1,872,143
Insurance
-
3.8%
89,987
American
Equity
Investment
Life
Holding
Co
3,355,615
36,087
Selective
Insurance
Group
Inc
2,937,482
Total
Insurance
6,293,097
Interactive
Media
&
Services
-
1.2%
92,894
TripAdvisor
Inc
(2)
2,051,100
Leisure
Products
-
0.6%
118,440
American
Outdoor
Brands
Inc
(2)
1,038,719
Machinery
-
9.0%
69,485
Altra
Industrial
Motion
Corp
2,336,086
90,390
Barnes
Group
Inc
2,610,463
112,724
Columbus
McKinnon
Corp/NY
2,948,860
61,171
Federal
Signal
Corp
2,282,902
96,989
Flowserve
Corp
2,356,832
235,705
Mueller
Water
Products
Inc,
Class
A
2,420,690
Total
Machinery
14,955,833
Media
-
1.5%
14,965
Nexstar
Media
Group
Inc
2,496,910
Metals
&
Mining
-
3.3%
42,815
Kaiser
Aluminum
Corp
2,626,700
35,399
Materion
Corp
2,831,920
Total
Metals
&
Mining
5,458,620
Oil,
Gas
&
Consumable
Fuels
-
3.4%
19,606
Chesapeake
Energy
Corp
1,847,081
195,441
Magnolia
Oil
&
Gas
Corp,
Class
A
3,871,686
Total
Oil,
Gas
&
Consumable
Fuels
5,718,767
Personal
Products
-
1.5%
121,209
BellRing
Brands
Inc
(2)
2,498,117
19
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
Shares
Description
(1)
Value
Pharmaceuticals
-
1.9%
64,573
Prestige
Consumer
Healthcare
Inc
(2)
$
3,217,673
Real
Estate
Management
&
Development
-
1.7%
178,683
Kennedy-Wilson
Holdings
Inc
2,762,439
Road
&
Rail
-
1.3%
29,176
ArcBest
Corp
2,121,970
Semiconductors
&
Semiconductor
Equipment
-
3.7%
24,469
Cirrus
Logic
Inc
(2)
1,683,467
173,577
Rambus
Inc
(2)
4,412,328
Total
Semiconductors
&
Semiconductor
Equipment
6,095,795
Software
-
1.9%
103,079
Teradata
Corp
(2)
3,201,634
Thrifts
&
Mortgage
Finance
-
1.5%
71,508
Essent
Group
Ltd
2,493,484
Water
Utilities
-
1.2%
36,158
SJW
Group
2,082,701
Total
Long-Term
Investments
(cost
$165,687,017)
165,321,107
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.7
%
X
1,242,556
MONEY
MARKET
FUNDS
-
0.7%
X
1,242,556
1,242,556
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
3.070%(5)
$
1,242,556
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$1,242,556)
1,242,556
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
1.2%
2,059,426
REPURCHASE
AGREEMENTS
-
1.2%
2,059,426
$
2,059
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
9/30/22,repurchase
price
$2,059,568,
collateralized
by
$2,272,500,
U.S.
Treasury
Note,
2.25%,
due
8/15/27,
value
$2,100,641
0.830%
10/03/22
$
2,059,426
Total
Short-Term
Investments
(cost
$2,059,426)
2,059,426
Total
Investments
(cost
$
168,988,999
)
-
100
.9
%
168,623,089
Other
Assets
Less
Liabilities
- (0.9)%
(
1,548,014
)
Net
Assets
-
100%
$
167,075,075
Nuveen
Small-Cap
Value
Opportunities
Fund
(continued)
Portfolio
of
Investments
September
30,
2022
(Unaudited)
20
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
$
165,321,107
$
–
$
–
$
165,321,107
Investments
Purchased
with
Collateral
from
Securities
Lending
1,242,556
–
–
1,242,556
Short-Term
Investments:
Repurchase
Agreements
–
2,059,426
–
2,059,426
Total
$
166,563,663
$
2,059,426
$
–
$
168,623,089
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
$1,200,653.
(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.