1
Nuveen
Global
Equity
Income
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
98.1%
X
128,746,249
COMMON
STOCKS
-
96.6%
X
128,746,249
Aerospace
&
Defense
-
3.4%
15,321
Airbus
SE
$
2,046,387
11,025
General
Dynamics
Corp
2,516,015
Total
Aerospace
&
Defense
4,562,402
Air
Freight
&
Logistics
-
2.4%
67,894
Deutsche
Post
AG
3,179,859
Total
Air
Freight
&
Logistics
3,179,859
Automobiles
-
1.3%
48,945
General
Motors
Co
1,795,303
Total
Automobiles
1,795,303
Banks
-
10.7%
53,041
Fifth
Third
Bancorp
1,413,012
17,312
JPMorgan
Chase
&
Co
2,255,927
368,420
Nordea
Bank
Abp
3,936,572
253,520
Oversea-Chinese
Banking
Corp
Ltd
2,363,258
58,600
Sumitomo
Mitsui
Trust
Holdings
Inc
2,013,259
62,074
Wells
Fargo
&
Co
2,320,326
Total
Banks
14,302,354
Beverages
-
3.7%
35,043
Coca-Cola
Co/The
2,173,717
25,600
Heineken
NV
2,750,740
Total
Beverages
4,924,457
Biotechnology
-
1.4%
11,837
AbbVie
Inc
1,886,463
Total
Biotechnology
1,886,463
Capital
Markets
-
3.1%
20,968
Deutsche
Boerse
AG
4,082,680
Total
Capital
Markets
4,082,680
Chemicals
-
3.6%
41,681
DuPont
de
Nemours
Inc
2,991,446
24,641
Nutrien
Ltd
1,819,769
Total
Chemicals
4,811,215
Communications
Equipment
-
1.6%
39,883
Cisco
Systems
Inc
2,084,884
Total
Communications
Equipment
2,084,884
Consumer
Staples
Distribution
&
Retail
-
2.2%
19,889
Walmart
Inc
2,932,633
Total
Consumer
Staples
Distribution
&
Retail
2,932,633
Diversified
Telecommunication
Services
-
1.4%
163,037
Telenor
ASA
1,911,635
Total
Diversified
Telecommunication
Services
1,911,635
Nuveen
Global
Equity
Income
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
2
Shares
Description
(1)
Value
Electric
Utilities
-
1.6%
355,880
Enel
SpA
$
2,170,493
Total
Electric
Utilities
2,170,493
Electrical
Equipment
-
3.1%
10,203
Eaton
Corp
PLC
1,748,182
196,100
Mitsubishi
Electric
Corp
2,343,420
Total
Electrical
Equipment
4,091,602
Energy
Equipment
&
Services
-
0.9%
43,631
Baker
Hughes
Co
1,259,191
Total
Energy
Equipment
&
Services
1,259,191
Health
Care
Equipment
&
Supplies
-
1.5%
24,765
Medtronic
PLC
1,996,554
Total
Health
Care
Equipment
&
Supplies
1,996,554
Health
Care
Providers
&
Services
-
5.3%
4,172
Elevance
Health
Inc
1,918,327
30,789
Fresenius
Medical
Care
AG
&
Co
KGaA
1,306,816
7,842
Humana
Inc
3,806,977
Total
Health
Care
Providers
&
Services
7,032,120
Hotels,
Restaurants
&
Leisure
-
1.6%
36,769
Las
Vegas
Sands
Corp
(2)
2,112,379
Total
Hotels,
Restaurants
&
Leisure
2,112,379
Industrial
Conglomerates
-
1.8%
14,808
Siemens
AG
2,398,954
Total
Industrial
Conglomerates
2,398,954
Insurance
-
7.8%
7,559
Allianz
SE
1,744,890
8,976
Chubb
Ltd
1,742,960
8,505
Everest
Re
Group
Ltd
3,044,960
51,447
NN
Group
NV
1,868,035
4,203
Zurich
Insurance
Group
AG
2,014,072
Total
Insurance
10,414,917
IT
Services
-
1.2%
8,736
Capgemini
SE
1,623,458
Total
IT
Services
1,623,458
Media
-
1.5%
51,542
Comcast
Corp,
Class
A
1,953,957
Total
Media
1,953,957
Metals
&
Mining
-
2.3%
96,776
BHP
Group
Ltd
3,059,469
Total
Metals
&
Mining
3,059,469
Multi-Utilities
-
5.0%
54,347
Dominion
Energy
Inc
3,038,541
111,899
National
Grid
PLC
1,513,658
32,832
Public
Service
Enterprise
Group
Inc
2,050,358
Total
Multi-Utilities
6,602,557
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
Shares
Description
(1)
Value
Oil,
Gas
&
Consumable
Fuels
-
7.1%
19,168
Chevron
Corp
$
3,127,451
121,097
Enterprise
Products
Partners
LP
3,136,412
110,087
Shell
PLC
3,137,322
Total
Oil,
Gas
&
Consumable
Fuels
9,401,185
Personal
Care
Products
-
1.4%
49,490
Kao
Corp
1,926,411
Total
Personal
Care
Products
1,926,411
Pharmaceuticals
-
8.3%
42,640
AstraZeneca
PLC,
Sponsored
ADR
2,959,642
39,947
Bristol-Myers
Squibb
Co
2,768,727
12,271
Johnson
&
Johnson
1,902,005
31,139
Sanofi
3,377,919
Total
Pharmaceuticals
11,008,293
Semiconductors
&
Semiconductor
Equipment
-
3.4%
4,161
Broadcom
Inc
2,669,448
72,600
MediaTek
Inc
1,882,236
Total
Semiconductors
&
Semiconductor
Equipment
4,551,684
Software
-
2.4%
34,925
Oracle
Corp
3,245,231
Total
Software
3,245,231
Technology
Hardware,
Storage
&
Peripherals
-
1.4%
44,724
Samsung
Electronics
Co
Ltd
1,861,171
Total
Technology
Hardware,
Storage
&
Peripherals
1,861,171
Textiles,
Apparel
&
Luxury
Goods
-
1.1%
2,236
Kering
SA
1,458,828
Total
Textiles,
Apparel
&
Luxury
Goods
1,458,828
Trading
Companies
&
Distributors
-
1.8%
75,400
Mitsui
&
Co
Ltd
2,350,206
Total
Trading
Companies
&
Distributors
2,350,206
Wireless
Telecommunication
Services
-
1.3%
47,267
SK
Telecom
Co
Ltd
1,753,704
Total
Wireless
Telecommunication
Services
1,753,704
Total
Common
Stocks
(cost
$110,544,095)
128,746,249
Shares
Description
(1)
Coupon
Issue
Price
Cap
Price
Maturity
Value
X
2,053,405
STRUCTURED
NOTES
-
1.5%
X
2,053,405
20,696
JPMorgan
Chase
Financial
Company
LLC,
Mandatory
Exchangeable
Note,
Linked
to
Common
Stock
of
Alphabet
Inc.
(Cap
115.50%
of
the
Issue
Price),
144A
10.000%
$89.8800
$103.8114
6/21/23
$
2,053,405
Total
Structured
Notes
(cost
$1,891,445)
2,053,405
Total
Long-Term
Investments
(cost
$112,435,540)
130,799,654
Other
Assets
&
Liabilities,
Net
- 1.9%
2,522,210
Net
Assets
-
100%
$
133,321,864
Nuveen
Global
Equity
Income
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
4
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
$
68,670,797
$
60,075,452
$
–
$
128,746,249
Structured
Notes
–
2,053,405
–
2,053,405
Total
$
68,670,797
$
62,128,857
$
–
$
130,799,654
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.
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
5
Nuveen
Multi
Cap
Value
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
95.4%
X
91,180,056
COMMON
STOCKS
-
95.4%
X
91,180,056
Aerospace
&
Defense
-
4.7%
11,768
Curtiss-Wright
Corp
$
2,074,227
10,775
General
Dynamics
Corp
2,458,963
Total
Aerospace
&
Defense
4,533,190
Automobiles
-
2.3%
59,515
General
Motors
Co
2,183,010
Total
Automobiles
2,183,010
Banks
-
9.0%
47,456
Bank
of
NT
Butterfield
&
Son
Ltd/The
1,281,312
45,083
Citigroup
Inc
2,113,942
16,016
JPMorgan
Chase
&
Co
2,087,045
103,453
New
York
Community
Bancorp
Inc
935,215
58,692
Wells
Fargo
&
Co
2,193,907
Total
Banks
8,611,421
Biotechnology
-
4.2%
8,147
AbbVie
Inc
1,298,388
415,546
ADMA
Biologics
Inc
(2)
1,375,457
4,185
Vertex
Pharmaceuticals
Inc
(2)
1,318,568
Total
Biotechnology
3,992,413
Capital
Markets
-
3.6%
27,001
B
Riley
Financial
Inc
(3)
766,558
15,397
Morgan
Stanley
1,351,857
17,260
State
Street
Corp
1,306,409
Total
Capital
Markets
3,424,824
Chemicals
-
4.4%
31,958
DuPont
de
Nemours
Inc
2,293,625
18,746
Innospec
Inc
1,924,652
Total
Chemicals
4,218,277
Communications
Equipment
-
1.8%
51,745
Viasat
Inc
(2),(3)
1,751,051
Total
Communications
Equipment
1,751,051
Consumer
Finance
-
1.3%
12,799
Discover
Financial
Services
1,265,053
Total
Consumer
Finance
1,265,053
Consumer
Staples
Distribution
&
Retail
-
2.6%
16,924
Walmart
Inc
2,495,444
Total
Consumer
Staples
Distribution
&
Retail
2,495,444
Diversified
Telecommunication
Services
-
1.4%
69,483
AT&T
Inc
1,337,548
Total
Diversified
Telecommunication
Services
1,337,548
Nuveen
Multi
Cap
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
6
Shares
Description
(1)
Value
Electric
Utilities
-
3.6%
23,701
Alliant
Energy
Corp
$
1,265,633
13,536
Constellation
Energy
Corp
1,062,576
14,460
Pinnacle
West
Capital
Corp
1,145,811
Total
Electric
Utilities
3,474,020
Electrical
Equipment
-
4.0%
4,193
Hubbell
Inc
1,020,199
65,211
nVent
Electric
PLC
2,800,160
Total
Electrical
Equipment
3,820,359
Energy
Equipment
&
Services
-
2.0%
65,959
Baker
Hughes
Co
1,903,577
Total
Energy
Equipment
&
Services
1,903,577
Entertainment
-
1.7%
10,026
Walt
Disney
Co/The
(2)
1,003,904
39,703
Warner
Bros
Discovery
Inc
(2)
599,515
Total
Entertainment
1,603,419
Financial
Services
-
2.0%
16,693
Fiserv
Inc
(2)
1,886,810
Total
Financial
Services
1,886,810
Health
Care
Equipment
&
Supplies
-
2.0%
23,295
Medtronic
PLC
1,878,043
Total
Health
Care
Equipment
&
Supplies
1,878,043
Health
Care
Providers
&
Services
-
3.0%
4,429
Elevance
Health
Inc
2,036,498
58,092
Enhabit
Inc
(2)
808,060
Total
Health
Care
Providers
&
Services
2,844,558
Hotels,
Restaurants
&
Leisure
-
1.4%
34,852
Brinker
International
Inc
(2)
1,324,376
Total
Hotels,
Restaurants
&
Leisure
1,324,376
Household
Durables
-
1.3%
20,854
PulteGroup
Inc
1,215,371
Total
Household
Durables
1,215,371
Industrial
REITs
-
1.4%
40,132
STAG
Industrial
Inc
1,357,264
Total
Industrial
REITs
1,357,264
Insurance
-
4.1%
3,618
Aon
PLC,
Class
A
1,140,719
15,797
Globe
Life
Inc
1,737,986
5,187
RenaissanceRe
Holdings
Ltd
1,039,164
Total
Insurance
3,917,869
Interactive
Media
&
Services
-
2.4%
13,640
Alphabet
Inc,
Class
A
(2)
1,414,877
46,306
TripAdvisor
Inc
(2)
919,637
Total
Interactive
Media
&
Services
2,334,514
Life
Sciences
Tools
&
Services
-
0.9%
1,885
Bio-Rad
Laboratories
Inc,
Class
A
(2)
902,953
Total
Life
Sciences
Tools
&
Services
902,953
7
Shares
Description
(1)
Value
Machinery
-
2.7%
75,929
Flowserve
Corp
$
2,581,586
Total
Machinery
2,581,586
Media
-
0.9%
22,989
Comcast
Corp,
Class
A
871,513
Total
Media
871,513
Multi-Utilities
-
1.4%
23,639
Dominion
Energy
Inc
1,321,657
Total
Multi-Utilities
1,321,657
Oil,
Gas
&
Consumable
Fuels
-
8.5%
6,245
Cheniere
Energy
Inc
984,212
15,725
Chesapeake
Energy
Corp
1,195,729
13,811
Hess
Corp
1,827,748
85,200
Permian
Resources
Corp
894,600
55,438
Shell
PLC,
ADR
3,189,902
Total
Oil,
Gas
&
Consumable
Fuels
8,092,191
Pharmaceuticals
-
3.7%
25,125
AstraZeneca
PLC,
Sponsored
ADR
1,743,926
32,233
Sanofi,
ADR
1,754,120
Total
Pharmaceuticals
3,498,046
Residential
REITs
-
1.1%
32,586
American
Homes
4
Rent,
Class
A
1,024,830
Total
Residential
REITs
1,024,830
Semiconductors
&
Semiconductor
Equipment
-
2.6%
49,457
Rambus
Inc
(2)
2,535,166
Total
Semiconductors
&
Semiconductor
Equipment
2,535,166
Software
-
7.0%
75,090
Gen
Digital
Inc
1,288,545
34,934
Oracle
Corp
3,246,066
54,251
Teradata
Corp
(2)
2,185,230
Total
Software
6,719,841
Specialty
Retail
-
1.0%
70,884
American
Eagle
Outfitters
Inc
952,681
Total
Specialty
Retail
952,681
Nuveen
Multi
Cap
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
8
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
Wireless
Telecommunication
Services
-
1.4%
9,025
T-Mobile
US
Inc
(2)
$
1,307,181
Total
Wireless
Telecommunication
Services
1,307,181
Total
Long-Term
Investments
(cost
$76,506,777)
91,180,056
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
2.6%
X
2,494,814
MONEY
MARKET
FUNDS
-
2.6%
X
2,494,814
2,494,814
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
4.840%(5)
$
2,494,814
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$2,494,814)
2,494,814
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
4.3%
4,113,211
REPURCHASE
AGREEMENTS
-
4.3%
4,113,211
$
4,113
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
3/31/23,
repurchase
price
$4,113,705,
collateralized
by
$4,346,200,
U.S.
Treasury
Note,
2.250%,
due
11/15/25,
value
$4,195,509
1.440%
4/03/23
$
4,113,211
Total
Repurchase
Agreements
(cost
$4,113,211)
4,113,211
Total
Short-Term
Investments
(cost
$4,113,211)
4,113,211
Total
Investments
(cost
$
83,114,802
)
-
102
.3
%
97,788,081
Other
Assets
&
Liabilities,
Net
- (2.3)%
(
2,242,074
)
Net
Assets
-
100%
$
95,546,007
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
91,180,056
$
–
$
–
$
91,180,056
Investments
Purchased
with
Collateral
from
Securities
Lending
2,494,814
–
–
2,494,814
Short-Term
Investments:
Repurchase
Agreements
–
4,113,211
–
4,113,211
Total
$
93,674,870
$
4,113,211
$
–
$
97,788,081
9
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
$2,492,386.
(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
10
Nuveen
Large
Cap
Value
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
98.6%
X
19,602,455
COMMON
STOCKS
-
98.6%
X
19,602,455
Aerospace
&
Defense
-
4.6%
2,468
General
Dynamics
Corp
$
563,222
3,515
Raytheon
Technologies
Corp
344,224
Total
Aerospace
&
Defense
907,446
Automobiles
-
2.6%
14,283
General
Motors
Co
523,900
Total
Automobiles
523,900
Banks
-
7.1%
9,291
Citigroup
Inc
435,655
3,725
JPMorgan
Chase
&
Co
485,405
13,386
Wells
Fargo
&
Co
500,368
Total
Banks
1,421,428
Beverages
-
1.6%
5,117
Coca-Cola
Co/The
317,408
Total
Beverages
317,408
Biotechnology
-
4.9%
1,976
AbbVie
Inc
314,915
3,569
Gilead
Sciences
Inc
296,120
1,143
Vertex
Pharmaceuticals
Inc
(2)
360,125
Total
Biotechnology
971,160
Capital
Markets
-
4.4%
4,927
KKR
&
Co
Inc
258,766
3,458
Morgan
Stanley
303,612
4,118
State
Street
Corp
311,692
Total
Capital
Markets
874,070
Chemicals
-
3.4%
6,889
DuPont
de
Nemours
Inc
494,424
3,205
Olin
Corp
177,877
Total
Chemicals
672,301
Communications
Equipment
-
1.4%
8,547
Viasat
Inc
(2),(3)
289,231
Total
Communications
Equipment
289,231
Consumer
Finance
-
1.5%
3,091
Discover
Financial
Services
305,514
Total
Consumer
Finance
305,514
Consumer
Staples
Distribution
&
Retail
-
2.9%
3,896
Walmart
Inc
574,465
Total
Consumer
Staples
Distribution
&
Retail
574,465
Diversified
Telecommunication
Services
-
1.6%
16,238
AT&T
Inc
312,582
Total
Diversified
Telecommunication
Services
312,582
11
Shares
Description
(1)
Value
Electric
Utilities
-
2.3%
4,782
Alliant
Energy
Corp
$
255,359
2,575
Pinnacle
West
Capital
Corp
204,043
Total
Electric
Utilities
459,402
Electrical
Equipment
-
5.7%
1,992
Eaton
Corp
PLC
341,309
961
Hubbell
Inc
233,821
12,905
nVent
Electric
PLC
554,141
Total
Electrical
Equipment
1,129,271
Energy
Equipment
&
Services
-
2.2%
14,985
Baker
Hughes
Co
432,467
Total
Energy
Equipment
&
Services
432,467
Entertainment
-
1.8%
2,255
Walt
Disney
Co/The
(2)
225,793
8,633
Warner
Bros
Discovery
Inc
(2)
130,359
Total
Entertainment
356,152
Financial
Services
-
2.6%
4,513
Fiserv
Inc
(2)
510,104
Total
Financial
Services
510,104
Health
Care
Equipment
&
Supplies
-
2.1%
5,127
Medtronic
PLC
413,339
Total
Health
Care
Equipment
&
Supplies
413,339
Health
Care
Providers
&
Services
-
4.9%
931
Elevance
Health
Inc
428,083
557
Humana
Inc
270,401
1,927
Quest
Diagnostics
Inc
272,632
Total
Health
Care
Providers
&
Services
971,116
Household
Durables
-
1.3%
4,532
PulteGroup
Inc
264,125
Total
Household
Durables
264,125
Insurance
-
6.1%
6,862
American
International
Group
Inc
345,570
798
Aon
PLC,
Class
A
251,601
3,631
Globe
Life
Inc
399,483
1,126
RenaissanceRe
Holdings
Ltd
225,583
Total
Insurance
1,222,237
Interactive
Media
&
Services
-
2.9%
3,631
Alphabet
Inc,
Class
A
(2)
376,643
10,445
TripAdvisor
Inc
(2)
207,438
Total
Interactive
Media
&
Services
584,081
Life
Sciences
Tools
&
Services
-
1.3%
561
Bio-Rad
Laboratories
Inc,
Class
A
(2)
268,730
Total
Life
Sciences
Tools
&
Services
268,730
Machinery
-
2.2%
12,722
Flowserve
Corp
432,548
Total
Machinery
432,548
Nuveen
Large
Cap
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
12
Shares
Description
(1)
Value
Media
-
1.1%
5,804
Comcast
Corp,
Class
A
$
220,030
Total
Media
220,030
Metals
&
Mining
-
1.3%
4,186
BHP
Group
Ltd,
Sponsored
ADR
(3)
265,434
Total
Metals
&
Mining
265,434
Multi-Utilities
-
3.0%
5,285
Dominion
Energy
Inc
295,484
4,700
Public
Service
Enterprise
Group
Inc
293,515
Total
Multi-Utilities
588,999
Office
REITs
-
1.6%
2,488
Alexandria
Real
Estate
Equities
Inc
312,468
Total
Office
REITs
312,468
Oil,
Gas
&
Consumable
Fuels
-
8.5%
1,473
Cheniere
Energy
Inc
232,145
3,478
Chesapeake
Energy
Corp
264,467
3,171
Hess
Corp
419,650
13,296
Shell
PLC,
ADR
765,052
Total
Oil,
Gas
&
Consumable
Fuels
1,681,314
Pharmaceuticals
-
4.2%
6,469
AstraZeneca
PLC,
Sponsored
ADR
449,013
7,118
Sanofi,
ADR
387,362
Total
Pharmaceuticals
836,375
Semiconductors
&
Semiconductor
Equipment
-
1.2%
7,065
Intel
Corp
230,814
Total
Semiconductors
&
Semiconductor
Equipment
230,814
Software
-
4.8%
15,698
Gen
Digital
Inc
269,378
7,483
Oracle
Corp
695,320
Total
Software
964,698
13
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
Wireless
Telecommunication
Services
-
1.5%
1,997
T-Mobile
US
Inc
(2)
$
289,246
Total
Wireless
Telecommunication
Services
289,246
Total
Long-Term
Investments
(cost
$14,246,066)
19,602,455
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
2.7%
X
550,572
MONEY
MARKET
FUNDS
-
2.7%
X
550,572
550,572
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
4.840%(5)
$
550,572
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$550,572)
550,572
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
1.4%
275,436
REPURCHASE
AGREEMENTS
-
1.4%
275,436
$
275
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
3/31/23,
repurchase
price
$275,469,
collateralized
by
$291,100,
U.S.
Treasury
Note,
2.250%,
due
11/15/25,
value
$281,007
1.440%
4/03/23
$
275,436
Total
Repurchase
Agreements
(cost
$275,436)
275,436
Total
Short-Term
Investments
(cost
$275,436)
275,436
Total
Investments
(cost
$
15,072,074
)
-
102
.7
%
20,428,463
Other
Assets
&
Liabilities,
Net
- (2.7)%
(
545,212
)
Net
Assets
-
100%
$
19,883,251
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
19,602,455
$
–
$
–
$
19,602,455
Investments
Purchased
with
Collateral
from
Securities
Lending
550,572
–
–
550,572
Short-Term
Investments:
Repurchase
Agreements
–
275,436
–
275,436
Total
$
20,153,027
$
275,436
$
–
$
20,428,463
Nuveen
Large
Cap
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
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
$549,091.
(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
15
Nuveen
Small/Mid
Cap
Value
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
94.4%
X
52,663,744
COMMON
STOCKS
-
94.4%
X
52,663,744
Aerospace
&
Defense
-
4.0%
13,772
BWX
Technologies
Inc
$
868,187
7,701
Curtiss-Wright
Corp
1,357,378
Total
Aerospace
&
Defense
2,225,565
Automobile
Components
-
2.7%
16,581
BorgWarner
Inc
814,293
62,683
Goodyear
Tire
&
Rubber
Co/The
(2)
690,767
Total
Automobile
Components
1,505,060
Banks
-
6.0%
118,409
New
York
Community
Bancorp
Inc
1,070,417
56,071
Old
National
Bancorp/IN
808,544
12,607
SouthState
Corp
898,375
15,949
United
Bankshares
Inc/WV
561,405
Total
Banks
3,338,741
Biotechnology
-
6.6%
375,203
ADMA
Biologics
Inc
(2)
1,241,922
23,991
Alkermes
PLC
(2)
676,306
7,083
BioMarin
Pharmaceutical
Inc
(2)
688,751
4,691
United
Therapeutics
Corp
(2)
1,050,597
Total
Biotechnology
3,657,576
Capital
Markets
-
5.4%
207,123
BGC
Partners
Inc,
Class
A
1,083,253
29,482
Carlyle
Group
Inc/The
915,711
17,545
Stifel
Financial
Corp
1,036,734
Total
Capital
Markets
3,035,698
Chemicals
-
1.5%
14,856
Olin
Corp
824,508
Total
Chemicals
824,508
Communications
Equipment
-
4.2%
12,650
Ciena
Corp
(2)
664,378
27,509
Juniper
Networks
Inc
946,860
21,923
Viasat
Inc
(2)
741,874
Total
Communications
Equipment
2,353,112
Construction
&
Engineering
-
1.7%
11,023
AECOM
929,459
Total
Construction
&
Engineering
929,459
Consumer
Finance
-
0.9%
5,534
FirstCash
Holdings
Inc
527,778
Total
Consumer
Finance
527,778
Electric
Utilities
-
3.9%
6,174
IDACORP
Inc
668,830
22,423
OGE
Energy
Corp
844,450
8,272
Pinnacle
West
Capital
Corp
655,473
Total
Electric
Utilities
2,168,753
Nuveen
Small/Mid
Cap
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
16
Shares
Description
(1)
Value
Electrical
Equipment
-
7.2%
15,305
EnerSys
$
1,329,698
4,980
Hubbell
Inc
1,211,684
34,984
nVent
Electric
PLC
1,502,213
Total
Electrical
Equipment
4,043,595
Energy
Equipment
&
Services
-
1.2%
35,007
NOV
Inc
647,980
Total
Energy
Equipment
&
Services
647,980
Financial
Services
-
1.5%
7,462
Euronet
Worldwide
Inc
(2)
834,998
Total
Financial
Services
834,998
Food
Products
-
1.9%
41,847
Hostess
Brands
Inc
(2)
1,041,153
Total
Food
Products
1,041,153
Health
Care
Equipment
&
Supplies
-
1.4%
8,614
QuidelOrtho
Corp
(2)
767,421
Total
Health
Care
Equipment
&
Supplies
767,421
Hotels,
Restaurants
&
Leisure
-
2.7%
18,209
Brinker
International
Inc
(2)
691,942
21,459
Dave
&
Buster's
Entertainment
Inc
(2)
789,477
Total
Hotels,
Restaurants
&
Leisure
1,481,419
Industrial
REITs
-
2.2%
36,068
STAG
Industrial
Inc
1,219,820
Total
Industrial
REITs
1,219,820
Insurance
-
5.9%
14,953
Axis
Capital
Holdings
Ltd
815,238
2,310
Everest
Re
Group
Ltd
827,026
7,288
Globe
Life
Inc
801,826
8,844
Selective
Insurance
Group
Inc
843,098
Total
Insurance
3,287,188
IT
Services
-
1.0%
6,126
Amdocs
Ltd
588,280
Total
IT
Services
588,280
Life
Sciences
Tools
&
Services
-
1.3%
1,515
Bio-Rad
Laboratories
Inc,
Class
A
(2)
725,715
Total
Life
Sciences
Tools
&
Services
725,715
Machinery
-
4.0%
9,915
Crane
Holdings
Co
1,125,353
32,685
Flowserve
Corp
1,111,290
Total
Machinery
2,236,643
Media
-
1.4%
4,600
Nexstar
Media
Group
Inc
794,236
Total
Media
794,236
17
Shares
Description
(1)
Value
Metals
&
Mining
-
5.2%
15,326
Alcoa
Corp
$
652,274
11,502
Materion
Corp
1,334,232
3,617
Reliance
Steel
&
Aluminum
Co
928,629
Total
Metals
&
Mining
2,915,135
Multi-Utilities
-
1.0%
19,126
NiSource
Inc
534,763
Total
Multi-Utilities
534,763
Oil,
Gas
&
Consumable
Fuels
-
2.8%
37,316
Magnolia
Oil
&
Gas
Corp,
Class
A
816,474
69,468
Permian
Resources
Corp
729,414
Total
Oil,
Gas
&
Consumable
Fuels
1,545,888
Personal
Care
Products
-
1.4%
22,789
BellRing
Brands
Inc
(2)
774,826
Total
Personal
Care
Products
774,826
Pharmaceuticals
-
1.4%
5,422
Jazz
Pharmaceuticals
PLC
(2)
793,401
Total
Pharmaceuticals
793,401
Professional
Services
-
1.3%
2,483
CACI
International
Inc,
Class
A
(2)
735,663
Total
Professional
Services
735,663
Residential
REITs
-
1.3%
23,812
American
Homes
4
Rent,
Class
A
748,887
Total
Residential
REITs
748,887
Retail
REITs
-
2.0%
89,818
SITE
Centers
Corp
1,102,965
Total
Retail
REITs
1,102,965
Semiconductors
&
Semiconductor
Equipment
-
2.4%
26,333
Rambus
Inc
(2)
1,349,830
Total
Semiconductors
&
Semiconductor
Equipment
1,349,830
Software
-
2.6%
35,553
Teradata
Corp
(2)
1,432,075
Total
Software
1,432,075
Specialized
REITs
-
1.8%
19,552
Iron
Mountain
Inc
1,034,496
Total
Specialized
REITs
1,034,496
Specialty
Retail
-
1.4%
19,731
Foot
Locker
Inc
783,123
Total
Specialty
Retail
783,123
Nuveen
Small/Mid
Cap
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
18
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
Technology
Hardware,
Storage
&
Peripherals
-
1.2%
10,254
Seagate
Technology
Holdings
PLC
$
677,994
Total
Technology
Hardware,
Storage
&
Peripherals
677,994
Total
Long-Term
Investments
(cost
$46,138,093)
52,663,744
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
7.9%
X
4,429,953
REPURCHASE
AGREEMENTS
-
7.9%
X
4,429,953
$
4,430
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
3/31/23,
repurchase
price
$4,430,485,
collateralized
by
$4,680,900,
U.S.
Treasury
Note,
2.250%,
due
11/15/25,
value
$4,518,604
1.440%
4/03/23
$
4,429,953
Total
Repurchase
Agreements
(cost
$4,429,953)
4,429,953
Total
Short-Term
Investments
(cost
$4,429,953)
4,429,953
Total
Investments
(cost
$
50,568,046
)
-
102
.3
%
57,093,697
Other
Assets
&
Liabilities,
Net
- (2.3)%
(
1,308,421
)
Net
Assets
-
100%
$
55,785,276
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
52,663,744
$
–
$
–
$
52,663,744
Short-Term
Investments:
Repurchase
Agreements
–
4,429,953
–
4,429,953
Total
$
52,663,744
$
4,429,953
$
–
$
57,093,697
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.
19
Nuveen
Small
Cap
Value
Opportunities
Fund
Portfolio
of
Investments
March
31,
2023
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
97.5%
X
178,374,692
COMMON
STOCKS
-
97.5%
X
178,374,692
Aerospace
&
Defense
-
3.2%
46,935
BWX
Technologies
Inc
$
2,958,783
16,662
Curtiss-Wright
Corp
2,936,844
Total
Aerospace
&
Defense
5,895,627
Automobile
Components
-
1.2%
204,797
Goodyear
Tire
&
Rubber
Co/The
(2)
2,256,863
Total
Automobile
Components
2,256,863
Banks
-
12.3%
140,994
Amalgamated
Financial
Corp
2,494,184
43,292
Enterprise
Financial
Services
Corp
1,930,390
102,137
Heritage
Financial
Corp/WA
2,185,732
208,282
Old
National
Bancorp/IN
3,003,427
84,672
Peoples
Bancorp
Inc/OH
2,180,304
142,687
Seacoast
Banking
Corp
of
Florida
3,381,682
42,381
SouthState
Corp
3,020,070
47,950
Texas
Capital
Bancshares
Inc
(2)
2,347,632
54,056
United
Bankshares
Inc/WV
1,902,771
Total
Banks
22,446,192
Biotechnology
-
5.3%
1,260,607
ADMA
Biologics
Inc
(2)
4,172,609
91,477
Alkermes
PLC
(2)
2,578,737
13,340
United
Therapeutics
Corp
(2)
2,987,626
Total
Biotechnology
9,738,972
Capital
Markets
-
5.6%
127,331
AssetMark
Financial
Holdings
Inc
(2)
4,004,560
706,670
BGC
Partners
Inc,
Class
A
3,695,884
288,493
Perella
Weinberg
Partners
2,625,286
Total
Capital
Markets
10,325,730
Chemicals
-
1.1%
19,135
Innospec
Inc
1,964,590
Total
Chemicals
1,964,590
Communications
Equipment
-
3.0%
90,781
Digi
International
Inc
(2)
3,057,504
71,892
Viasat
Inc
(2),(3)
2,432,825
Total
Communications
Equipment
5,490,329
Construction
&
Engineering
-
2.1%
30,082
MYR
Group
Inc
(2)
3,790,633
Total
Construction
&
Engineering
3,790,633
Consumer
Finance
-
1.0%
18,885
FirstCash
Holdings
Inc
1,801,062
Total
Consumer
Finance
1,801,062
Diversified
Consumer
Services
-
2.7%
191,725
Perdoceo
Education
Corp
(2)
2,574,867
58,048
Stride
Inc
(2)
2,278,384
Total
Diversified
Consumer
Services
4,853,251
Nuveen
Small
Cap
Value
Opportunities
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
20
Shares
Description
(1)
Value
Electric
Utilities
-
2.7%
22,010
IDACORP
Inc
$
2,384,343
31,638
MGE
Energy
Inc
2,457,324
Total
Electric
Utilities
4,841,667
Electrical
Equipment
-
5.1%
48,000
EnerSys
4,170,240
122,049
nVent
Electric
PLC
5,240,784
Total
Electrical
Equipment
9,411,024
Electronic
Equipment,
Instruments
&
Components
-
0.9%
68,236
FARO
Technologies
Inc
(2)
1,679,288
Total
Electronic
Equipment,
Instruments
&
Components
1,679,288
Energy
Equipment
&
Services
-
2.8%
345,014
National
Energy
Services
Reunited
Corp
(2)
1,814,774
56,966
Weatherford
International
PLC
(2)
3,380,932
Total
Energy
Equipment
&
Services
5,195,706
Food
Products
-
1.9%
142,333
Hostess
Brands
Inc
(2)
3,541,245
Total
Food
Products
3,541,245
Health
Care
Providers
&
Services
-
2.2%
96,860
Castle
Biosciences
Inc
(2)
2,200,659
56,158
Fulgent
Genetics
Inc
(2)
1,753,253
Total
Health
Care
Providers
&
Services
3,953,912
Hotels,
Restaurants
&
Leisure
-
2.8%
277,980
Accel
Entertainment
Inc
(2)
2,532,398
70,886
Dave
&
Buster's
Entertainment
Inc
(2)
2,607,896
Total
Hotels,
Restaurants
&
Leisure
5,140,294
Industrial
REITs
-
2.3%
122,017
STAG
Industrial
Inc
4,126,615
Total
Industrial
REITs
4,126,615
Insurance
-
2.7%
32,936
Axis
Capital
Holdings
Ltd
1,795,671
33,105
Selective
Insurance
Group
Inc
3,155,899
Total
Insurance
4,951,570
Machinery
-
7.4%
67,110
Barnes
Group
Inc
2,703,191
32,353
Crane
Holdings
Co
3,672,065
122,467
Flowserve
Corp
4,163,878
212,722
Mueller
Water
Products
Inc,
Class
A
2,965,345
Total
Machinery
13,504,479
Media
-
1.3%
13,964
Nexstar
Media
Group
Inc
2,411,024
Total
Media
2,411,024
Metals
&
Mining
-
3.7%
29,472
Kaiser
Aluminum
Corp
2,199,495
39,642
Materion
Corp
4,598,472
Total
Metals
&
Mining
6,797,967
21
Shares
Description
(1)
Value
Oil,
Gas
&
Consumable
Fuels
-
3.5%
130,036
Magnolia
Oil
&
Gas
Corp,
Class
A
$
2,845,188
344,921
Permian
Resources
Corp
3,621,670
Total
Oil,
Gas
&
Consumable
Fuels
6,466,858
Personal
Care
Products
-
1.5%
78,734
BellRing
Brands
Inc
(2)
2,676,956
Total
Personal
Care
Products
2,676,956
Pharmaceuticals
-
2.0%
58,336
Prestige
Consumer
Healthcare
Inc
(2)
3,653,584
Total
Pharmaceuticals
3,653,584
Real
Estate
Management
&
Development
-
1.4%
158,669
Kennedy-Wilson
Holdings
Inc
2,632,319
Total
Real
Estate
Management
&
Development
2,632,319
Retail
REITs
-
3.0%
50,619
Getty
Realty
Corp
1,823,803
303,762
SITE
Centers
Corp
3,730,197
Total
Retail
REITs
5,554,000
Semiconductors
&
Semiconductor
Equipment
-
3.8%
21,305
Cirrus
Logic
Inc
(2)
2,330,341
89,064
Rambus
Inc
(2)
4,565,421
Total
Semiconductors
&
Semiconductor
Equipment
6,895,762
Software
-
6.2%
99,095
Cerence
Inc
(2)
2,783,578
185,679
PowerSchool
Holdings
Inc,
Class
A
(2)
3,680,158
119,367
Teradata
Corp
(2)
4,808,103
Total
Software
11,271,839
Specialty
Retail
-
1.4%
65,858
Foot
Locker
Inc
2,613,904
Total
Specialty
Retail
2,613,904
Nuveen
Small
Cap
Value
Opportunities
Fund
(continued)
Portfolio
of
Investments
March
31,
2023
(Unaudited)
22
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
Water
Utilities
-
1.4%
32,726
SJW
Group
$
2,491,430
Total
Water
Utilities
2,491,430
Total
Long-Term
Investments
(cost
$153,636,422)
178,374,692
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
1.3%
X
2,387,358
MONEY
MARKET
FUNDS
-
1.3%
X
2,387,358
2,387,358
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
4.840%(5)
$
2,387,358
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$2,387,358)
2,387,358
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
4.1%
7,440,278
REPURCHASE
AGREEMENTS
-
4.1%
7,440,278
$
7,440
Repurchase
Agreement
with
Fixed
Income
Clearing
Corporation,
dated
3/31/23,
repurchase
price
$7,441,171,
collateralized
by
$7,620,100,
U.S.
Treasury
Note,
3.500%,
due
02/15/33,
value
$7,589,147
1.440%
4/03/23
$
7,440,278
Total
Repurchase
Agreements
(cost
$7,440,278)
7,440,278
Total
Short-Term
Investments
(cost
$7,440,278)
7,440,278
Total
Investments
(cost
$
163,464,058
)
-
102
.9
%
188,202,328
Other
Assets
&
Liabilities,
Net
- (2.9)%
(
5,342,480
)
Net
Assets
-
100%
$
182,859,848
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
178,374,692
$
–
$
–
$
178,374,692
Investments
Purchased
with
Collateral
from
Securities
Lending
2,387,358
–
–
2,387,358
Short-Term
Investments:
Repurchase
Agreements
–
7,440,278
–
7,440,278
Total
$
180,762,050
$
7,440,278
$
–
$
188,202,328
23
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
$2,408,494.
(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.