Nuveen Investment Trust Ii N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-08333

Nuveen Investment Trust II

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive, Chicago, IL 60606

(Address of principal executive offices) (Zip code)

Mark J. Czarniecki

Vice President and Secretary

333 West Wacker Drive,

Chicago, IL 60606

(Name and address of agent for service)

Registrant’s telephone number, including area code: (312) 917-7700

Date of fiscal year end: July 31

Date of reporting period: January 31, 2024

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.

ITEM 1. REPORTS TO STOCKHOLDERS.

Mutual

Funds

Nuveen

Equity

Funds

January

31,

2024

Semi-annual

Report

This

semi-annual

report

contains

the

Funds'

unaudited financial

statements.

Fund

Name

Class

A

Class

C

Class

R6

Class

I

Nuveen

Dividend

Growth

Fund

NSBAX

NSBCX

NSBFX

NSBRX

Nuveen

Global

Dividend

Growth

Fund

NUGAX

NUGCX

—

NUGIX

Nuveen

International

Dividend

Growth

Fund

NUIAX

NUICX

—

NUIIX

Nuveen

International

Small

Cap

Fund

NWAIX

NWSCX

NWIFX

NWPIX

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

NWCAX

NWCCX

NWCFX

NVLIX

2

Table

of

Contents

Important

Notices

3

Risk

Considerations

4

About

the

Funds’

Benchmarks

5

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

6

Expense

Examples

17

Portfolio

of

Investments

19

Statement

of

Assets

and

Liabilities

34

Statement

of

Operations

36

Statement

of

Changes

in

Net

Assets

37

Financial

Highlights

40

Notes

to

Financial

Statements

50

Shareholder

Meeting

Report

62

Additional

Fund

Information

63

Glossary

of

Terms

Used

in

this

Report

64

Liquidity

Risk

Management

Program

65

Important

Notices

3

Portfolio

Manager

Commentaries

in

Semi-annual

Shareholder

Reports

The

Funds

include

portfolio

manager

commentary

in

their

annual

shareholder

reports.

For

the

Funds'

most

recent

annual

portfolio

manager

discussion,

please

refer

to

the

Portfolio

Managers'

Comments

section

of

each

Fund's

July

31,

2023

annual

shareholder

report.

For

current

information

on

your

Fund's

investment

objectives,

portfolio

management

team

and

average

annual

total

returns

please

refer

to

the

Fund's

website

at

www.nuveen.com.

For

changes

that

occurred

to

your

Fund

both

during

and

subsequent

to

this

reporting

period,

please

refer

to

the

Notes

to

Financial

Statements

section

of

this

report.

For

average

annual

total

returns

as

of

the

end

of

this

reporting

period,

please

refer

to

the

Performance

Overview

and

Holding

Summaries

section

within

this

report.

Securities

and

Exchange

Commission

(the

“SEC”)

Adopts

Amendments

for

Tailored

Shareholder

Reports

On

October

26,

2022,

the

SEC

adopted

rule

and

form

amendments

(the

“Amendments”)

that

require

mutual

funds

and

exchange-traded

funds

registered

on

Form

N-1A

to

provide

shareholders

with

streamlined

annual

and

semi-annual

shareholder

reports

(“Tailored

Shareholder

Reports”). The

Amendments

require

funds

to

prepare

a

separate

Tailored

Shareholder

Report

for

each

share

class

of

each

series

of

a

fund.

As

a

result,

shareholders

will

receive

a

report

that

covers

only

the

class

of

a

multi-class

fund

in

which

the

shareholder

invests.

Tailored

Shareholder

Reports

are

meant

to

be

three

to

four

pages

in

length

and

will

highlight

key

information

such

as

a

fund’s

expenses,

performance

and

portfolio

holdings.

Other,

more

detailed

information

that

currently

appears

in

fund

shareholder

reports

will

be

made

available

online,

filed

with

the

SEC,

and

delivered

to

investors

free

of

charge

in

paper

or

electronically

upon

request.

The

first

Tailored

Shareholder

Reports

to

be

prepared

for

these

Funds

will

be

for

the

reporting

period

ended

July

31,

2024.

4

Risk

Considerations

Nuveen

Dividend

Growth

Fund

Mutual

fund

investing

involves

risk;

principal

loss

is

possible.

Dividend-paying

stocks,

such

as

those

held

by

the

fund,

are

subject

to

market

risk,

concentration

or

sector

risk,

preferred

security

risk,

and

common

stock

risk.

Smaller

company

stocks

are

subject

to

greater

volatility.

Foreign

investments

involve

additional

risks

including

currency

fluctuations,

political

and

economic

instability,

and

lack

of

liquidity.

Nuveen

Global

Dividend

Growth

Fund

Mutual

fund

investing

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Dividends

are

not

guaranteed.

Prices

of

equity

securities

may

decline

significantly

over

short

or

extended

periods

of

time.

Non-U.S.

investments

involve

risks

such

as

currency

fluctuation,

political

and

economic

instability,

lack

of

liquidity

and

differing

legal

and

accounting

standards.

These

risks

are

magnified

in

emerging

markets.

These

and

other

risk

considerations,

such

as

currency,

growth

stock,

preferred

security,

and

smaller

company

risks,

are

described

in

detail

in

the

Fund’s

prospectus.

Nuveen

International

Dividend

Growth

Fund

Mutual

fund

investing

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Dividends

are

not

guaranteed.

Prices

of

equity

securities

may

decline

significantly

over

short

or

extended

periods

of

time.

Non-U.S.

investments

involve

risks

such

as

currency

fluctuation,

political

and

economic

instability,

lack

of

liquidity

and

differing

legal

and

accounting

standards.

These

risks

are

magnified

in

emerging

markets.

These

and

other

risk

considerations,

such

as

currency,

growth

stock,

preferred

security,

and

smaller

company

risks,

are

described

in

detail

in

the

Fund’s

prospectus.

Nuveen

International

Small

Cap

Fund

Mutual

fund

investing

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Prices

of

equity

securities

may

decline

significantly

over

short

or

extended

periods

of

time.

Investments

in

smaller

companies

are

subject

to

greater

volatility

than

those

of

larger

companies.

Non-U.S.

investments

involve

risks

such

as

currency

fluctuation,

political

and

economic

instability,

lack

of

liquidity

and

differing

legal

and

accounting

standards.

These

risks

are

magnified

in

emerging

markets.

These

and

other

risk

considerations,

such

as

derivatives

and

growth

stock

risks,

are

described

in

detail

in

the

Fund’s

prospectus.

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

Mutual

fund

investing

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

that

the

Fund's

investment

objectives

will

be

achieved.

Because

the

Fund's

Environmental

Social

Governance

(ESG)

investment

strategy

may

exclude

securities

of

certain

issuers

for

nonfinancial

reasons,

the

Fund

may

forgo

some

market

opportunities

available

to

funds

that

don't

use

an

ESG

investment

strategy.

Prices

of

equity

securities

may

decline

significantly

over

short

or

extended

periods

of

time.

Growth

stocks

tend

to

be

more

volatile

than

certain

other

types

of

stocks

and

their

prices

usually

fluctuate

more

dramatically

than

the

overall

stock

market.

Non-

U.S.

investments

involve

risks

such

as

currency

fluctuation,

political

and

economic

instability,

lack

of

liquidity

and

differing

legal

and

accounting

standards.

These

and

other

risk

considerations,

such

as

active

management

and

growth

stock

risks,

are

described

in

detail

in

the

Fund's

prospectus.

About

the

Funds’

Benchmarks

5

Lipper

Equity

Income

Funds

Classification

Average:

Represents

the

average

annualized

total

returns

for

all

reporting

funds

in

the

Lipper

Equity

Income

Funds

Classification.

Lipper

returns

account

for

the

effects

of

management

fees

and

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

.

Lipper

Global

Equity

Income

Funds

Classification

Average

:

Represents

the

average

annualized

total

returns

for

all

reporting

funds

in

the

Lipper

Global

Equity

Income

Funds

Classification.

Lipper

returns

account

for

the

effects

of

management

fees

and

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

.

Lipper

International

Equity

Income

Funds

Classification

Average:

Represents

the

average

annualized

total

returns

for

all

reporting

funds

in

the

Lipper

International

Equity

Income

Funds

Classification.

Lipper

returns

account

for

the

effects

of

management

fees

and

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges.

Lipper

International

Small/Mid-Cap

Classification

Average:

Represents

the

average

annualized

total

returns

for

all

reporting

funds

in

the

L

ipper

International

Small/Mid-Cap

Classification.

Lipper

returns

account

for

the

effects

of

management

fees

and

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges.

Lipper

Large-Cap

Growth

Funds

Classification

Average:

Represents

the

average

annualized

returns

for

all

reporting

funds

in

the

Lipper

Large-Cap

Growth

Funds

Classification.

Lipper

returns

account

for

the

effects

of

management

fees

and

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges.

MSCI

EAFE

(Europe,

Australasia,

Far

East)

Index

(Net):

An

index

designed

to

measure

the

performance

of

large

and

mid-cap

securities

across

21

developed

market

countries,

excluding

the

U.S.

and

Canada.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

MSCI

World

ex

USA

Small

Cap

Index

(Net):

An

index

designed

to

measure

the

performance

of

small-cap

securities

across

22

of

23

developed

market

countries,

excluding

the

U.S.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

MSCI

World

Index

(Net):

An

index

designed

to

measure

the

performance

of

large

and

mid-cap

equity

securities

across

23

developed

market

countries.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

Russell

1000®

Growth

Index

:

An

index

designed

to

measure

the

performance

of

the

large-cap

growth

segment

of

the

U.S.

equity

universe.

It

includes

those

Russell

1000

companies

with

higher

price-to-book

ratios

and

higher

forecasted

growth

values.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

S&P

500®

Index:

An

index

generally

considered

representative

of

the

U.S.

equity

market.

The

index

includes

500

leading

companies

and

covers

approximately

80%

of

available

market

capitalization.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

6

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

The

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

for

each

Fund

are

shown

within

this

section

of

the

report.

Fund

Performance

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Investment

returns

and

principal

value

will

fluctuate

so

that

when

shares

are

redeemed,

they

may

be

worth

more

or

less

than

their

original

cost.

Current

performance

may

be

higher

or

lower

than

the

performance

shown.

Total

returns

for

a

period

of

less

than

one

year

are

not

annualized

(i.e.

cumulative

returns).

Since

inception

returns

are

shown

for

share

classes

that

have

less

than

10-years

of

performance.

Returns

at

net

asset

value

(NAV)

would

be

lower

if

the

sales

charge

were

included.

Returns

assume

reinvestment

of

dividends

and

capital

gains.

For

performance,

current

to

the

most

recent

month-end

visit

Nuveen.com

or

call

(800)

257-8787.

Returns

do

not

reflect

the

deduction

of

taxes

that

a

shareholder

would

pay

on

Fund

distributions

or

the

redemption

of

Fund

shares,

Income

is

generally

exempt

from

regular

federal

income

taxes.

Some

income

may

be

subject

to

state

and

local

income

taxes

and

to

the

federal

alternative

minimum

tax.

Capital

gains,

if

any,

are

subject

to

tax.

Returns

may

reflect

fee

waivers

and/or

expense

reimbursements

by

the

investment

adviser

during

the

periods

presented.

If

any

such

waivers

and/or

reimbursements

had

not

been

in

place,

returns

would

have

been

reduced.

See

Notes

to

Financial

Statements,

for

more

information.

Returns

reflect

differences

in

sales

charges

and

expenses,

which

are

primarily

differences

in

distribution

and

service

fees,

and

assume

reinvestment

of

dividends

and

capital

gains.

Comparative

index

and

Lipper

return

information

is

provided

for

Class

A

Shares

at

NAV

only.

Expense

Ratios

The

expense

ratios

shown

are

as

of

the

Fund’s

most

recent

prospectus.

The

expense

ratios

shown

reflect

total

operating

expenses

(before

fee

waivers

and/or

expense

reimbursements,

if

any).

The

expense

ratios

include

management

fees

and

other

fees

and

expenses.

Refer

to

the

Financial

Highlights

later

in

this

report

for

the

Fund’s

expense

ratios

as

of

the

end

of

the

reporting

period.

Holdings

Summaries

The

Holdings

Summaries

data

relates

to

the

securities

held

in

each

Fund’s

portfolio

of

investments

as

of

the

end

of

this

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

Refer

to

the

Fund’s

Portfolio

of

Investments

for

individual

security

information. 

Nuveen

Dividend

Growth

Fund

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

7

Refer

to

the

first

page

of

this

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries section

for

further

expla-

nation

of the

information

included

within

this

section. 

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

terms

used

in

this

section.

Fund

Performance

and

Expense

Ratios*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

S&P

500®

Index.

**

Class

A

Shares

have

a

maximum

5.75%

sales

charge

(Offering

Price).

Class

A

Share

purchases

of

$1

million

or

more

are

sold

at

net

asset

value

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(CDSC)

of

1%

if

redeemed

within

eighteen

months

of

purchase.

Class

C

Shares

have

a

1%

CDSC

for

redemptions

within

less

than

twelve

months,

which

is

reflected

in

the

maximum

Offering

Price

total

returns

presented

for

less

than

1-Year,

when

and

where

applicable.

Class

C

Shares

automatically

convert

to

Class

A

Shares eight

years

after

purchase.

Returns

for

periods

longer

than

eight

years

for

Class

C

Shares

reflect

the

performance

of

Class

A

Shares

after

the

deemed

eight-year

conversion

to

Class

A

Shares

within

such

periods.

Class

R6

Shares

have

no

sales

charge

and

are

available

only

to

certain

limited

categories

of

investors

as

described

in

the

prospectus.

Class

I

Shares

have

no

sales

charge

and

may

be

purchased

under

limited

circumstances

or

by

specified

classes

of

investors.

Total

Returns

as

of

January

31,

2024**

Cumulative

Average

Annual

Expense

Ratios

Inception

Date

6-Month

1-Year

5-Year

10-Year

Class

A

at

NAV

3/28/06

4.75%

13.38%

12.25%

10.67%

0.92%

Class

A

at

maximum

Offering

Price

3/28/06

(1.27)%

6.85%

10.93%

10.02%

—

S&P

500®

Index

—

6.43%

20.82%

14.30%

12.62%

—

Lipper

Equity

Income

Funds

Classification

Average

—

3.11%

6.97%

9.54%

8.67%

—

Class

C

at

NAV

3/28/06

4.34%

12.53%

11.41%

10.01%

1.67%

Class

C

at

maximum

Offering

Price

3/28/06

3.34%

12.53%

11.41%

10.01%

—

Class

R6

3/25/13

4.90%

13.71%

12.59%

11.02%

0.62%

Class

I

3/28/06

4.87%

13.66%

12.52%

10.95%

0.67%

8

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

(continued)

Holdings

Summaries

as

of

January

31,

2024

Fund

Allocation

(%

of

net

assets)

Common

Stocks

98

.5‌

%

Repurchase

Agreements

1

.5‌

%

Other

Assets

&

Liabilities,

Net

(0.0)%

Net

Assets

100‌

%

Portfolio

Composition

(%

of

net

assets)

Software

&

Services

11.7%

Technology

Hardware

&

Equipment

10.3%

Financial

Services

9.4%

Health

Care

Equipment

&

Services

7.9%

Capital

Goods

7.4%

Semiconductors

&

Semiconductor

Equipment

6.7%

Equity

Real

Estate

Investment

Trusts

(REITs)

5.2%

Food,

Beverage

&

Tobacco

5.2%

Consumer

Discretionary

Distribution

&

Retail

4.4%

Pharmaceuticals,

Biotechnology

&

Life

Sciences

4.4%

Energy

4.4%

Materials

4.3%

Utilities

4.0%

Banks

3.1%

Media

&

Entertainment

2.5%

Insurance

2.3%

Consumer

Staples

Distribution

&

Retail

1.9%

Consumer

Services

1.7%

Transportation

1.7%

Repurchase

Agreements

1.5%

Other

Assets

&

Liabilities,

Net

(0.0)%

Net

Assets

100%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

Microsoft

Corp

8.3%

Apple

Inc

7.0%

Broadcom

Inc

4.7%

Motorola

Solutions

Inc

3.3%

Accenture

PLC,

Class

A

3.3%

Nuveen

Global

Dividend

Growth

Fund

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

9

Refer

to

the

first

page

of

this

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries section

for

further

expla-

nation

of the

information

included

within

this

section. 

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

terms

used

in

this

section.

Fund

Performance

and

Expense

Ratios*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

MSCI

World

Index

(Net).

**

Class

A

Shares

have

a

maximum

5.75%

sales

charge

(Offering

Price).

Class

A

Share

purchases

of

$1

million

or

more

are

sold

at

net

asset

value

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(CDSC)

of

1%

if

redeemed

within

eighteen

months

of

purchase.

Class

C

Shares

have

a

1%

CDSC

for

redemptions

within

less

than

twelve

months,

which

is

reflected

in

the

maximum

Offering

Price

total

returns

presented

for

less

than

1-Year,

when

and

where

applicable.

Class

C

Shares

automatically

convert

to

Class

A

Shares

eight

years

after

purchase.

Returns

for

periods

longer

than

eight

years

for

Class

C

Shares

reflect

the

performance

of

Class

A

Shares

after

the

deemed

eight-year

conversion

to

Class

A

Shares

within

such

periods.

 Class

I

Shares

have

no

sales

charge

and

may

be

purchased

under

limited

circumstances

or

by

specified

classes

of

investors.

***

The

Fund’s

investment

adviser

has

contractually

agreed

to

waive

fees

and/or

reimburse

expenses

through

July

31,

2025 so

that

total

annual

Fund

operating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities

and

extraordinary

expenses)

do

not

exceed

0.94%

of

the

average

daily

net

assets

of

any

class

of

Fund

shares.

This

expense

limitation

may

be

terminated

or

modified

prior

to

that

date

only

with

the

approval

of

the

Board

of

Trustees

of

the

Fund.

Total

Returns

as

of

January

31,

2024**

Cumulative

Average

Annual

Expense

Ratios

***

Inception

Date

6-Month

1-Year

5-Year

10-Year

Gross

Net

Class

A

at

NAV

6/11/12

4.42%

11.47%

8.90%

7.51%

1.86%

1.15%

Class

A

at

maximum

Offering

Price

6/11/12

(1.59)%

5.06%

7.62%

6.88%

—

—

MSCI

World

Index

(Net)

—

5.31%

16.99%

11.39%

9.14%

—

—

Lipper

Global

Equity

Income

Funds

Classification

Average

—

2.58%

6.46%

7.12%

6.22%

—

—

Class

C

at

NAV

6/11/12

4.01%

10.62%

8.07%

6.87%

2.61%

1.90%

Class

C

at

maximum

Offering

Price

6/11/12

3.01%

10.62%

8.07%

6.87%

—

—

Class

I

6/11/12

4.55%

11.75%

9.16%

7.78%

1.61%

0.90%

10

Fund

Performance,

Expense

Ratios

and

Holding

Summaries

January

31,

2024

(continued)

Holdings

Summaries

as

of

January

31,

2024

Fund

Allocation

(%

of

net

assets)

Common

Stocks

99

.3‌

%

Investments

Purchased

with

Collateral

from

Securities

Lending

1

.8‌

%

Repurchase

Agreements

0

.8‌

%

Other

Assets

&

Liabilities,

Net

(1.9)%

Net

Assets

100‌

%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

Microsoft

Corp

6.0%

Broadcom

Inc

4.5%

Apple

Inc

3.7%

JPMorgan

Chase

&

Co

3.1%

AbbVie

Inc

2.8%

Portfolio

Composition

(%

of

net

assets)

Software

&

Services

10.9%

Pharmaceuticals,

Biotechnology

&

Life

Sciences

10.1%

Financial

Services

9.6%

Semiconductors

&

Semiconductor

Equipment

7.0%

Capital

Goods

6.8%

Technology

Hardware

&

Equipment

5.7%

Energy

5.4%

Food,

Beverage

&

Tobacco

5.2%

Banks

4.6%

Utilities

4.5%

Materials

4.5%

Health

Care

Equipment

&

Services

4.0%

Consumer

Services

3.5%

Consumer

Durables

&

Apparel

2.6%

Telecommunication

Services

2.5%

Equity

Real

Estate

Investment

Trusts

(REITs)

2.4%

Household

&

Personal

Products

2.3%

Media

&

Entertainment

2.1%

Consumer

Discretionary

Distribution

&

Retail

1.9%

Transportation

1.5%

Commercial

&

Professional

Services

1.1%

Insurance

1.1%

Investments

Purchased

with

Collateral

from

Securities

Lending

1.8%

Repurchase

Agreements

0.8%

Other

Assets

&

Liabilities,

Net

(1.9)%

Net

Assets

100%

Country

Allocation

1

(%

of

net

assets)

United

States

67

.0‌

%

France

6

.0‌

%

Japan

5

.5‌

%

United

Kingdom

4

.7‌

%

Canada

3

.2‌

%

Germany

2

.6‌

%

Denmark

2

.6‌

%

Taiwan

2

.5‌

%

Australia

2

.3‌

%

Switzerland

1

.9‌

%

Other

1

.8‌

%

Investments

Purchased

with

Collateral

from

Securities

Lending

1

.8‌

%

Other

Assets

&

Liabilities,

Net

(

1

.9‌

)

%

Net

Assets

100‌

%

1

Includes

2.5%

(as

a

percentage

of

net

assets)

in

emerging

market

countries.

Nuveen

International

Dividend

Growth

Fund

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

11

Refer

to

the

first

page

of

this

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries section

for

further

expla-

nation

of the

information

included

within

this

section. 

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

terms

used

in

this

section.

Fund

Performance

and

Expense

Ratios*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

MSCI

EAFE®

Index

(Net).

**

Class

A

Shares

have

a

maximum

5.75%

sales

charge

(Offering

Price).

Class

A

Share

purchases

of

$1

million

or

more

are

sold

at

net

asset

value

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(CDSC)

of

1%

if

redeemed

within

eighteen

months

of

purchase.

Class

C

Shares

have

a

1%

CDSC

for

redemptions

within

less

than

twelve

months,

which

is

reflected

in

the

maximum

Offering

Price

total

returns

presented

for

less

than

1-Year,

when

and

where

applicable.

Class

C

Shares

automatically

convert

to

Class

A

Shares

eight

years

after

purchase.

Returns

for

periods

longer

than

eight

years

for

Class

C

Shares

reflect

the

performance

of

Class

A

Shares

after

the

deemed

eight-year

conversion

to

Class

A

Shares

within

such

periods.

 Class

I

Shares

have

no

sales

charge

and

may

be

purchased

under

limited

circumstances

or

by

specified

classes

of

investors.

***

The

Fund’s

investment

adviser

has

contractually

agreed

to

waive

fees

and/or

reimburse

expenses

through

July

31,

2025 so

that

total

annual

Fund

operating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities

and

extraordinary

expenses)

do

not

exceed

0.94%

of

the

average

daily

net

assets

of

any

class

of

Fund

shares.

This

expense

limitation

may

be

terminated

or

modified

prior

to

that

date

only

with

the

approval

of

the

Board

of

Trustees

of

the

Fund.

Total

Returns

as

of

January

31,

2024**

Cumulative

Average

Annual

Expense

Ratios

***

Inception

Date

6-Month

1-Year

5-Year

10-Year

Gross

Net

Class

A

at

NAV

6/11/12

2.39%

7.51%

5.78%

4.15%

4.14%

1.15%

Class

A

at

maximum

Offering

Price

6/11/12

(3.50)%

1.33%

4.54%

3.53%

—

—

MSCI

EAFE®

Index

(Net)

—

3.15%

10.01%

6.92%

4.77%

—

—

Lipper

International

Equity

Income

Funds

Classification

Average

—

2.48%

7.72%

5.56%

3.72%

—

—

Class

C

at

NAV

6/11/12

2.02%

6.74%

5.00%

3.52%

4.88%

1.89%

Class

C

at

maximum

Offering

Price

6/11/12

1.02%

6.74%

5.00%

3.52%

—

—

Class

I

6/11/12

2.52%

7.81%

6.05%

4.40%

3.89%

0.90%

12

Fund

Performance,

Expense

Ratios

and

Holding

Summaries

January

31,

2024

(continued)

Holdings

Summaries

as

of

January

31,

2024

Fund

Allocation

(%

of

net

assets)

Common

Stocks

98

.4‌

%

Investments

Purchased

with

Collateral

from

Securities

Lending

3

.2‌

%

Repurchase

Agreements

1

.4‌

%

Other

Assets

&

Liabilities,

Net

(3.0)%

Net

Assets

100‌

%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

ITOCHU

Corp

5.4%

Novo

Nordisk

A/S,

Class

B

5.1%

BAE

Systems

PLC

5.1%

Sanofi

4.1%

SAP

SE

4.0%

Portfolio

Composition

(%

of

net

assets)

Pharmaceuticals,

Biotechnology

&

Life

Sciences

15.1%

Capital

Goods

10.4%

Financial

Services

6.7%

Telecommunication

Services

6.7%

Energy

6.4%

Materials

6.3%

Utilities

5.7%

Consumer

Services

5.4%

Household

&

Personal

Products

4.8%

Food,

Beverage

&

Tobacco

4.5%

Banks

4.4%

Software

&

Services

4.0%

Consumer

Durables

&

Apparel

3.8%

Semiconductors

&

Semiconductor

Equipment

3.7%

Transportation

2.8%

Automobiles

&

Components

2.2%

Equity

Real

Estate

Investment

Trusts

(REITs)

2.1%

Commercial

&

Professional

Services

1.7%

Insurance

1.7%

Repurchase

Agreements

1.4%

Investments

Purchased

with

Collateral

from

Securities

Lending

3.2%

Other

Assets

&

Liabilities,

Net

(3.0)%

Net

Assets

100%

Country

Allocation

1

(%

of

net

assets)

United

Kingdom

17

.8‌

%

United

States

13

.8‌

%

Japan

13

.8‌

%

Canada

11

.4‌

%

France

10

.2‌

%

Denmark

5

.1‌

%

Germany

4

.0‌

%

Jordan

3

.9‌

%

Hong

Kong

3

.8‌

%

Taiwan

3

.7‌

%

Other

12

.3‌

%

Investments

Purchased

with

Collateral

from

Securities

Lending

3

.2‌

%

Other

Assets

&

Liabilities,

Net

(

3

.0‌

)

%

Net

Assets

100‌

%

1

Includes

9.2%

(as

a

percentage

of

net

assets)

in

emerging

market

countries.

Nuveen

International

Small

Cap

Fund

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

13

Refer

to

the

first

page

of

this

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries section

for

further

expla-

nation

of the

information

included

within

this

section. 

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

terms

used

in

this

section.

Fund

Performance

and

Expense

Ratios*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

MSCI

World

ex

USA

Small

Cap

Index

(Net).

**

Class

A

Shares

have

a

maximum

5.75%

sales

charge

(Offering

Price).

Class

A

Share

purchases

of

$1

million

or

more

are

sold

at

net

asset

value

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(CDSC)

of

1%

if

redeemed

within

eighteen

months

of

purchase.

Class

C

Shares

have

a

1%

CDSC

for

redemptions

within

less

than

twelve

months,

which

is

reflected

in

the

maximum

Offering

Price

total

returns

presented

for

less

than

1-Year,

when

and

where

applicable.

Class

C

Shares

automatically

convert

to

Class

A

Shares eight

years

after

purchase.

Returns

for

periods

longer

than

eight

years

for

Class

C

Shares

reflect

the

performance

of

Class

A

Shares

after

the

deemed

eight-year

conversion

to

Class

A

Shares

within

such

periods.

Class

R6

Shares

have

no

sales

charge

and

are

available

only

to

certain

limited

categories

of

investors

as

described

in

the

prospectus.

Class

I

Shares

have

no

sales

charge

and

may

be

purchased

under

limited

circumstances

or

by

specified

classes

of

investors.

***

The

Fund’s

investment

adviser

has

contractually

agreed

to

waive

fees

and/or

reimburse

expenses

so

that

total

annual

Fund

oper-

ating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities

and

extraordinary

expenses)

do

not

exceed

0.99%

(1.00%

after

July

31,

2025)

of

the

average

daily

net

assets

of

any

class

of

Fund

shares.

However,

because

Class

R6

shares

are

not

subject

to

sub-transfer

agent

and

similar

fees,

the

total

annual

fund

operating

expenses

for

the

Class

R6

shares

will

be

less

than

the

expense

limitation.

The

expense

limitation

expiring

July

31,

2025

may

be

terminated

or

modified

prior

to

that

date

only

with

the

approval

of

the

Board

of

Trustees

of

the

Fund.

The

expense

limitation

in

effect

thereafter

may

be

terminated

or

modified

only

with

the

approval

of

share-

holders

of

the

Fund.

Total

Returns

as

of

January

31,

2024**

Cumulative

Average

Annual

Expense

Ratios

***

Inception

Date

6-Month

1-Year

5-Year

Since

Inception

Gross

Net

Class

A

at

NAV

12/18/17

(3.01)%

0.54%

3.55%

2.38%

1.67%

1.19%

Class

A

at

maximum

Offering

Price

12/18/17

(8.59)%

(5.24)%

2.33%

1.40%

—

—

MSCI

World

ex

USA

Small

Cap

Index

(Net)

—

0.39%

2.83%

4.96%

2.41%

—

—

Lipper

International

Small/Mid-Cap

Classification

Average

—

(0.18)%

2.72%

4.80%

2.24%

—

—

Class

C

at

NAV

12/18/17

(3.39)%

(0.19)%

2.77%

1.61%

2.42%

1.94%

Class

C

at

maximum

Offering

Price

12/18/17

(4.35)%

(0.19)%

2.77%

1.61%

—

—

Class

R6

12/18/17

(2.83)%

0.95%

3.87%

2.69%

1.33%

0.85%

Class

I

12/18/17

(2.90)%

0.83%

3.81%

2.63%

1.42%

0.94%

14

Fund

Performance,

Expense

Ratios

and

Holding

Summaries

January

31,

2024

(continued)

Holdings

Summaries

as

of

January

31,

2024

Fund

Allocation

(%

of

net

assets)

Common

Stocks

98

.4‌

%

Investments

Purchased

with

Collateral

from

Securities

Lending

2

.7‌

%

Repurchase

Agreements

0

.9‌

%

Other

Assets

&

Liabilities,

Net

(2.0)%

Net

Assets

100‌

%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

SPIE

SA

1.9%

Morinaga

Milk

Industry

Co

Ltd

1.6%

Kardex

Holding

AG

1.6%

CTS

Eventim

AG

&

Co

KGaA

1.6%

Britvic

PLC

1.6%

Portfolio

Composition

(%

of

net

assets)

Capital

Goods

16.3%

Materials

9.6%

Equity

Real

Estate

Investment

Trusts

(REITs)

7.0%

Consumer

Discretionary

Distribution

&

Retail

6.4%

Commercial

&

Professional

Services

5.8%

Consumer

Services

5.4%

Health

Care

Equipment

&

Services

5.3%

Software

&

Services

5.0%

Financial

Services

4.5%

Food,

Beverage

&

Tobacco

4.4%

Utilities

3.3%

Energy

3.2%

Banks

3.0%

Media

&

Entertainment

2.7%

Insurance

2.5%

Pharmaceuticals,

Biotechnology

&

Life

Sciences

2.3%

Semiconductors

&

Semiconductor

Equipment

2.1%

Technology

Hardware

&

Equipment

2.1%

Transportation

2.0%

Commercial  &

Professional

Services

1.2%

Household

&

Personal

Products

1.2%

Real

Estate

Management

&

Development

1.1%

Consumer

Staples

Distribution

&

Retail

1.1%

Automobiles

&

Components

0.9%

Investments

Purchased

with

Collateral

from

Securities

Lending

2.7%

Repurchase

Agreements

0.9%

Other

Assets

&

Liabilities,

Net

(2.0)%

Net

Assets

100%

Country

Allocation

1

(%

of

net

assets)

Japan

27

.6‌

%

United

Kingdom

18

.3‌

%

Canada

11

.5‌

%

Australia

6

.7‌

%

France

6

.3‌

%

Germany

5

.3‌

%

Switzerland

3

.8‌

%

United

States

3

.3‌

%

Norway

2

.6‌

%

Netherlands

2

.5‌

%

Other

11

.4‌

%

Investments

Purchased

with

Collateral

from

Securities

Lending

2

.7‌

%

Other

Assets

&

Liabilities,

Net

(

2

.0‌

)

%

Net

Assets

100‌

%

1

Includes

2.5%

(as

a

percentage

of

net

assets)

in

emerging

market

countries.

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

15

Refer

to

the

first

page

of

this

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries section

for

further

expla-

nation

of the

information

included

within

this

section. 

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

terms

used

in

this

section.

Fund

Performance

and

Expense

Ratios*

*

For

Purposes

of

Fund

performance,

relative

results

are

measured

against

the

Russell

1000

®

Growth

Index.

**

Class

A

Shares

have

a

maximum

5.75%

sales

charge

(Offering

Price).

Class

A

Share

purchases

of

$1

million

or

more

are

sold

at

net

asset

value

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(CDSC)

of

1%

if

redeemed

within

eighteen

months

of

purchase.

Class

C

Shares

have

a

1%

CDSC

for

redemptions

within

less

than

twelve

months,

which

is

reflected

in

the

maximum

Offering

Price

total

returns

presented

for

less

than

1-Year,

when

and

where

applicable.

Class

C

Shares

automatically

convert

to

Class

A

Shares eight

years

after

purchase.

Returns

for

periods

longer

than

eight

years

for

Class

C

Shares

reflect

the

performance

of

Class

A

Shares

after

the

deemed

eight-year

conversion

to

Class

A

Shares

within

such

periods.

Class

R6

Shares

have

no

sales

charge

and

are

available

only

to

certain

limited

categories

of

investors

as

described

in

the

prospectus.

Class

I

Shares

have

no

sales

charge

and

may

be

purchased

under

limited

circumstances

or

by

specified

classes

of

investors.

***

The

Fund’s

investment

adviser

has

contractually

agreed

to

waive

fees

and/or

reimburse

expenses so

that

total

annual

Fund

oper-

ating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities

and

extraordinary

expenses)

do

not

exceed

0.69%

through

July

31,

2025

(1.25%

after

July

31,

2025)

of

the

average

daily

net

assets

of

any

class

of

Fund

shares.

However,

because

Class

R6

Shares

are

not

subject

to

sub-transfer

agent

and

similar

fees,

the

total

annual

operating

expenses

for

Class

R6

Shares

will

be

less

than

the

expense

limitation. The

expense

limitation

expiring

July

31,

2025

may

be

terminated

or

modified

prior

to

that

date

only

with

the

approval

of

the

Board

of

Trustees

of

the

Fund.

The

expense

limitation

in

effect

thereafter

may

be

terminated

or

modified

only

with

the

approval

of

the

shareholders

of

the

Fund.

Total

Returns

as

of

January

31,

2024**

Cumulative

Average

Annual

Expense

Ratios

***

Inception

Date

6-Month

1-Year

5-Year

10-Year

Gross

Net

Class

A

at

NAV

5/15/09

15.80%

38.30%

16.85%

14.40%

1.11%

0.91%

Class

A

at

maximum

Offering

Price

5/15/09

9.15%

30.34%

15.48%

13.72%

—

—

Russell

1000®

Growth

Index

—

9.65%

34.99%

18.04%

15.48%

—

—

Lipper

Large-Cap

Growth

Funds

Classification

Average

—

10.20%

33.28%

15.09%

13.21%

—

—

Class

C

at

NAV

5/15/09

15.35%

37.27%

15.97%

13.71%

1.86%

1.66%

Class

C

at

maximum

Offering

Price

5/15/09

14.35%

37.27%

15.97%

13.71%

—

—

Class

R6

3/25/13

16.01%

38.83%

17.31%

14.86%

0.71%

0.51%

Class

I

5/15/09

15.95%

38.65%

17.15%

14.68%

0.86%

0.66%

16

Fund

Performance,

Expense

Ratios

and

Holdings

Summaries

January

31,

2024

(continued)

Holdings

Summaries

as

of

January

31,

2024

Fund

Allocation

(%

of

net

assets)

Common

Stocks

97

.2‌

%

Repurchase

Agreements

1

.0‌

%

Other

Assets

&

Liabilities,

Net

1.8%

Net

Assets

100‌

%

Portfolio

Composition

(%

of

net

assets)

Software

&

Services

27.0%

Semiconductors

&

Semiconductor

Equipment

16.2%

Health

Care

Equipment

&

Services

9.0%

Consumer

Discretionary

Distribution

&

Retail

8.4%

Financial

Services

8.0%

Media

&

Entertainment

5.6%

Technology

Hardware

&

Equipment

5.2%

Consumer

Services

4.8%

Pharmaceuticals,

Biotechnology

&

Life

Sciences

4.6%

Capital

Goods

3.3%

Materials

1.4%

Consumer

Durables

&

Apparel

1.3%

Transportation

1.2%

Consumer

Staples

Distribution

&

Retail

1.2%

Repurchase

Agreements

1.0%

Other

Assets

&

Liabilities,

Net

1.8%

Net

Assets

100%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

Microsoft

Corp

13.2%

Amazon.com

Inc

7.1%

NVIDIA

Corp

6.0%

Apple

Inc

5.2%

ServiceNow

Inc

3.9%

Expense

Examples

17

As

a

shareholder

of

one

or

more

of

the

Funds,

you

incur

two

types

of

costs:

(1)

transaction

costs, including

up-front

and

back-end

sales

charges

(loads)

or

redemption

fees,

where

applicable;

and

(2)

ongoing

costs,

including

management

fees;

distribution

and

service

(12b-1)

fees,

where

applicable;

and

other

Fund

expenses.

The

Examples

below

are

intended

to

help

you

understand

your

ongoing

costs

(in

dollars)

of

investing

in

the

Funds

and

to

compare

these

costs

with

the

ongoing

costs

of investing

in

other

mutual

funds.

The

Examples

below

are

based

on

an

investment

of

$1,000

invested

at

the

beginning

of

the

period

and

held

through

the

period

ended

January

31,

2024.

The

beginning

of

the

period

is

August

1,

2023.

The

information

under

“Actual

Performance,”

together

with

the

amount

you

invested,

allows

you

to

estimate

actual

expenses

incurred

over

the

reporting

period.

Simply

divide

your

account

value

by

$1,000

(for

example,

an

$8,600

account

value

divided

by

$1,000

=

8.60)

and

multiply

the

result

by

the

cost

shown

for

your

share

class,

in

the

row

entitled

“Expenses

Incurred

During

Period”

to

estimate

the

expenses

incurred

on

your

account

during

this

period.

The

information

under

“Hypothetical

Performance,”

provides

information

about

hypothetical

account

values

and

hypothetical

expenses

based

on

each

Fund’s

actual

expense

ratios

and

an

assumed

rate

of

return

of

5%

per

year

before

expenses,

which

is

not

the

Fund’s

actual

return.

The

hypothetical

account

values

and

expenses

may

not

be

used

to

estimate

the

actual

ending

account

balance

or

expense

you

incurred

for

the

period.

You

may

use

this

information

to

compare

the

ongoing

costs

of

investing

in

the

Fund

and

other

funds.

To

do

so,

compare

this

5%

hypothetical

example

with

the

5%

hypothetical

examples

that

appear

in

the

shareholder

reports

of

the

other

funds.

Please

note

that

the

expenses

shown

in

the

following

tables

are

meant

to

highlight

your

ongoing

costs

only

and

do

not

reflect

any

transaction

costs.

Therefore,

the

hypothetical

information

is

useful

in

comparing

ongoing

costs

only,

and

will

not

help

you

determine

the

relative

total

costs

of

owning

different

funds

or

share

classes.

In

addition,

if

these

transaction

costs

were

included,

your

costs

would

have

been

higher.

Nuveen

Dividend

Growth

Fund

Share

Class

Class

A

Class

C

Class

R6

Class

I

Actual

Performance

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,047.50

$

1,043.40

$

1,049.00

$

1,048.70

Expenses

Incurred

During

the

Period

$

4.73

$

8.58

$

3.19

$

3.45

Hypothetical

Performance

(5%

annualized

return

before

expenses)

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,020.51

$

1,016.74

$

1,022.02

$

1,021.77

Expenses

Incurred

During

the

Period

$

4.67

$

8.47

$

3.15

$

3.40

For

each

class

of

the

Fund,

expenses

are

equal

to

the

Fund’s

annualized

net

expense

ratio

of

0.92%,

1.67%,

0.62%

and

0.67%

for

Classes

A,

C,

R6

and

I,

respectively,

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

184

/366

(to

reflect

the

one-half

year

period).

Nuveen

Global

Dividend

Growth

Fund

Share

Class

Class

A

Class

C

Class

I

Actual

Performance

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,044.20

$

1,040.10

$

1,045.50

Expenses

Incurred

During

the

Period

$

5.91

$

9.74

$

4.63

Hypothetical

Performance

(5%

annualized

return

before

expenses)

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,019.35

$

1,015.58

$

1,020.61

Expenses

Incurred

During

the

Period

$

5.84

$

9.63

$

4.57

For

each

class

of

the

Fund,

expenses

are

equal

to

the

Fund’s

annualized

net

expense

ratio

of

1.15%,

1.90%

and

0.90%

for

Classes

A,

C

and

I,

respectively,

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

184

/366

(to

reflect

the

one-half

year

period).

Expense

Examples

(continued)

18

Nuveen

International

Dividend

Growth

Fund

Share

Class

Class

A

Class

C

Class

I

Actual

Performance

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,023.90

$

1,020.20

$

1,025.20

Expenses

Incurred

During

the

Period

$

5.85

$

9.65

$

4.58

Hypothetical

Performance

(5%

annualized

return

before

expenses)

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,019.36

$

1,015.58

$

1,020.61

Expenses

Incurred

During

the

Period

$

5.84

$

9.63

$

4.57

For

each

class

of

the

Fund,

expenses

are

equal

to

the

Fund’s

annualized

net

expense

ratio

of

1.15%,

1.90%

and

0.90%

for

Classes

A,

C

and

I,

respectively,

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

184

/366

(to

reflect

the

one-half

year

period).

Nuveen

International

Small

Cap

Fund

Share

Class

Class

A

Class

C

Class

R6

Class

I

Actual

Performance

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

969.90

$

966.10

$

971.70

$

971.00

Expenses

Incurred

During

the

Period

$

5.94

$

9.64

$

4.11

$

4.71

Hypothetical

Performance

(5%

annualized

return

before

expenses)

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,019.10

$

1,015.33

$

1,020.96

$

1,020.36

Expenses

Incurred

During

the

Period

$

6.09

$

9.88

$

4.22

$

4.82

For

each

class

of

the

Fund,

expenses

are

equal

to

the

Fund’s

annualized

net

expense

ratio

of

1.20%,

1.95%,

0.83%

and

0.95%

for

Classes

A,

C,

R6

and

I,

respectively,

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

184

/366

(to

reflect

the

one-half

year

period).

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

Share

Class

Class

A

Class

C

Class

R6

Class

I

Actual

Performance

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,158.00

$

1,153.50

$

1,160.10

$

1,159.50

Expenses

Incurred

During

the

Period

$

4.94

$

8.99

$

2.82

$

3.58

Hypothetical

Performance

(5%

annualized

return

before

expenses)

Beginning

Account

Value

$

1,000.00

$

1,000.00

$

1,000.00

$

1,000.00

Ending

Account

Value

$

1,020.56

$

1,016.79

$

1,022.52

$

1,021.81

Expenses

Incurred

During

the

Period

$

4.62

$

8.42

$

2.64

$

3.35

For

each

class

of

the

Fund,

expenses

are

equal

to

the

Fund’s

annualized

net

expense

ratio

of

0.91%,

1.66%,

0.52%

and

0.66%

for

Classes

A,

C,

R6

and

I,

respectively,

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

184

/366

(to

reflect

the

one-half

year

period).

19

Nuveen

Dividend

Growth

Fund

Portfolio

of

Investments

January

31,

2024

(Unaudited)

Shares

Description

(a)

Value

LONG-TERM

INVESTMENTS

-

98.5% 

X

–

COMMON

STOCKS

-

98

.5

%

X

5,949,478,528

Banks

-

3.1%

1,069,047

JPMorgan

Chase

&

Co

$

186,399,035

Total

Banks

186,399,035

Capital

Goods

-

7.4%

586,858

Eaton

Corp

PLC

144,414,017

544,667

Honeywell

International

Inc

110,164,347

157,642

Northrop

Grumman

Corp

70,428,140

474,501

Trane

Technologies

PLC

119,597,977

Total

Capital

Goods

444,604,481

Consumer

Discretionary

Distribution

&

Retail

-

4.4%

636,533

Lowe's

Cos

Inc

135,479,684

1,394,575

TJX

Cos

Inc/The

132,359,113

Total

Consumer

Discretionary

Distribution

&

Retail

267,838,797

Consumer

Services

-

1.7%

354,441

McDonald's

Corp

103,751,970

Total

Consumer

Services

103,751,970

Consumer

Staples

Distribution

&

Retail

-

1.9%

693,099

Walmart

Inc

114,534,610

Total

Consumer

Staples

Distribution

&

Retail

114,534,610

Energy

-

4.4%

881,062

Chevron

Corp

129,894,971

1,298,550

Exxon

Mobil

Corp

133,503,925

Total

Energy

263,398,896

Equity

Real

Estate

Investment

Trusts

(REITs)

-

5.2%

741,571

American

Tower

Corp

145,088,366

1,343,269

Prologis

Inc

170,178,750

Total

Equity

Real

Estate

Investment

Trusts

(REITs)

315,267,116

Financial

Services

-

9.4%

729,147

American

Express

Co

146,368,969

2,055,852

Charles

Schwab

Corp/The

129,354,208

364,699

Mastercard

Inc,

Class

A

163,833,731

291,148

S&P

Global

Inc

130,536,206

Total

Financial

Services

570,093,114

Food,

Beverage

&

Tobacco

-

5.2%

1,478,104

Mondelez

International

Inc,

Class

A

111,256,888

589,049

PepsiCo

Inc

99,272,428

1,130,268

Philip

Morris

International

Inc

102,684,848

Total

Food,

Beverage

&

Tobacco

313,214,164

Health

Care

Equipment

&

Services

-

7.9%

1,371,537

Abbott

Laboratories

155,189,411

262,447

Elevance

Health

Inc

129,501,848

382,631

UnitedHealth

Group

Inc

195,807,588

Total

Health

Care

Equipment

&

Services

480,498,847

Nuveen

Dividend

Growth

Fund

(continued)

Portfolio

of

Investments

January

31,

2024

(Unaudited)

20

Shares

Description

(a)

Value

Insurance

-

2.3%

705,897

Marsh

&

McLennan

Cos

Inc

$

136,831,074

Total

Insurance

136,831,074

Materials

-

4.3%

448,223

Linde

PLC

181,454,117

475,492

Packaging

Corp

of

America

78,874,613

Total

Materials

260,328,730

Media

&

Entertainment

-

2.5%

3,285,309

Comcast

Corp,

Class

A

152,898,281

Total

Media

&

Entertainment

152,898,281

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

4.4%

889,594

AbbVie

Inc

146,249,254

625,115

Zoetis

Inc

117,402,848

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

263,652,102

Semiconductors

&

Semiconductor

Equipment

-

6.7%

241,243

Broadcom

Inc

284,666,740

764,871

Texas

Instruments

Inc

122,471,144

Total

Semiconductors

&

Semiconductor

Equipment

407,137,884

Software

&

Services

-

11.7%

551,898

Accenture

PLC,

Class

A

200,824,644

1,266,434

Microsoft

Corp

503,508,830

Total

Software

&

Services

704,333,474

Technology

Hardware

&

Equipment

-

10.3%

2,289,947

Apple

Inc

422,266,227

628,580

Motorola

Solutions

Inc

200,831,310

Total

Technology

Hardware

&

Equipment

623,097,537

Transportation

-

1.7%

413,272

Union

Pacific

Corp

100,809,439

Total

Transportation

100,809,439

Utilities

-

4.0%

2,228,295

NextEra

Energy

Inc

130,644,936

1,363,844

WEC

Energy

Group

Inc

110,144,041

Total

Utilities

240,788,977

Total

Common

Stocks

(cost

$3,291,116,264)

5,949,478,528

Total

Long-Term

Investments

(cost

$3,291,116,264)

5,949,478,528

21

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

1.5% 

X

–

REPURCHASE

AGREEMENTS

-

1

.5

%

X

93,533,386

$

90,590

(b)

Fixed

Income

Clearing

Corp

(FICC)

5.290%

2/01/24

$

90,590,000

2,943

(c)

Fixed

Income

Clearing

Corp

(FICC)

1.600%

2/01/24

2,943,386

Total

Repurchase

Agreements

(cost

$93,533,386)

93,533,386

Total

Short-Term

Investments

(cost

$93,533,386)

93,533,386

Total

Investments

(cost

$

3,384,649,650

)

-

100

.0

%

6,043,011,914

Other

Assets

&

Liabilities,

Net

-   (0.0)%

(

962,746

)

Net

Assets

-

100%

$

6,042,049,168

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.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

1/31/24

to

be

repurchased

at

$90,603,312

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

5/15/43,

valued

at

$92,401,851.

(c)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.600%

dated

1/31/24

to

be

repurchased

at

$2,943,517

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

0.375%

and

maturity

date

7/15/27,

valued

at

$3,002,339.

REIT

Real

Estate

Investment

Trust

S&P

Standard

&

Poor's

See

Notes

to

Financial

Statements

22

Nuveen

Global

Dividend

Growth

Fund

Portfolio

of

Investments

January

31,

2024

(Unaudited)

Shares

Description

(a)

Value

LONG-TERM

INVESTMENTS

-

99.3% 

X

–

COMMON

STOCKS

-

99

.3

%

X

18,524,188

Banks

-

4.6%

3,315

JPMorgan

Chase

&

Co

$

578,003

4,627

Toronto-Dominion

Bank

281,072

Total

Banks

859,075

Capital

Goods

-

6.8%

1,858

Eaton

Corp

PLC

457,217

1,702

Honeywell

International

Inc

344,246

10,325

ITOCHU

Corp

468,591

Total

Capital

Goods

1,270,054

Commercial

&

Professional

Services

-

1.1%

4,852

Experian

PLC

201,952

Total

Commercial

&

Professional

Services

201,952

Consumer

Discretionary

Distribution

&

Retail

-

1.9%

1,648

Lowe's

Cos

Inc

350,760

Total

Consumer

Discretionary

Distribution

&

Retail

350,760

Consumer

Durables

&

Apparel

-

2.6%

587

LVMH

Moet

Hennessy

Louis

Vuitton

SE

488,418

Total

Consumer

Durables

&

Apparel

488,418

Consumer

Services

-

3.5%

13,923

Compass

Group

PLC

383,492

936

McDonald's

Corp

273,986

Total

Consumer

Services

657,478

Energy

-

5.4%

9,072

(b)

Enbridge

Inc

322,137

3,130

Exxon

Mobil

Corp

321,795

5,490

TotalEnergies

SE

356,167

Total

Energy

1,000,099

Equity

Real

Estate

Investment

Trusts

(REITs)

-

2.4%

3,596

Prologis

Inc

455,577

Total

Equity

Real

Estate

Investment

Trusts

(REITs)

455,577

Financial

Services

-

9.6%

2,045

American

Express

Co

410,513

3,030

Charles

Schwab

Corp

190,648

3,464

Macquarie

Group

Ltd

427,421

1,003

Mastercard

Inc,

Class

A

450,578

16,200

ORIX

Corp

312,810

Total

Financial

Services

1,791,970

Food,

Beverage

&

Tobacco

-

5.2%

2,762

Nestle

SA

314,731

2,031

PepsiCo

Inc

342,284

3,550

Philip

Morris

International

Inc

322,518

Total

Food,

Beverage

&

Tobacco

979,533

23

Shares

Description

(a)

Value

Health

Care

Equipment

&

Services

-

4.0%

2,646

Abbott

Laboratories

$

299,395

865

UnitedHealth

Group

Inc

442,655

Total

Health

Care

Equipment

&

Services

742,050

Household

&

Personal

Products

-

2.3%

2,415

Reckitt

Benckiser

Group

PLC

174,607

5,105

Unilever

PLC

248,410

Total

Household

&

Personal

Products

423,017

Insurance

-

1.1%

26,000

AIA

Group

Ltd

203,903

Total

Insurance

203,903

Materials

-

4.5%

1,203

Linde

PLC

487,011

16,587

SIG

Group

AG

347,202

Total

Materials

834,213

Media

&

Entertainment

-

2.1%

8,459

Comcast

Corp,

Class

A

393,682

Total

Media

&

Entertainment

393,682

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

10.1%

3,173

AbbVie

Inc

521,641

4,154

Novo

Nordisk

A/S,

Class

B

474,820

4,843

Sanofi

485,005

2,103

Zoetis

Inc

394,965

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

1,876,431

Semiconductors

&

Semiconductor

Equipment

-

7.0%

717

Broadcom

Inc

846,060

4,062

Taiwan

Semiconductor

Manufacturing

Co

Ltd,

Sponsored

ADR

458,843

Total

Semiconductors

&

Semiconductor

Equipment

1,304,903

Software

&

Services

-

10.9%

1,178

Accenture

PLC,

Class

A

428,650

2,822

Microsoft

Corp

1,121,971

2,839

SAP

SE

491,847

Total

Software

&

Services

2,042,468

Technology

Hardware

&

Equipment

-

5.7%

3,739

Apple

Inc

689,472

1,190

Motorola

Solutions

Inc

380,205

Total

Technology

Hardware

&

Equipment

1,069,677

Telecommunication

Services

-

2.5%

110,487

HKT

Trust

&

HKT

Ltd

132,724

7,600

KDDI

Corp

251,826

88,791

Vodafone

Group

PLC

75,485

Total

Telecommunication

Services

460,035

Transportation

-

1.5%

1,155

Union

Pacific

Corp

281,739

Total

Transportation

281,739

Nuveen

Global

Dividend

Growth

Fund

(continued)

Portfolio

of

Investments

January

31,

2024

(Unaudited)

24

Shares

Description

(a)

Value

Utilities

-

4.5%

4,833

NextEra

Energy

Inc

$

283,359

8,626

Veolia

Environnement

SA

281,068

3,377

WEC

Energy

Group

Inc

272,727

Total

Utilities

837,154

Total

Common

Stocks

(cost

$11,403,034)

18,524,188

Total

Long-Term

Investments

(cost

$11,403,034)

18,524,188

Shares

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

1.8%

X

–

336,526

(c)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.340%(d)

$

336,526

Total

Investments

Purchased

with

Collateral

from

Securities

Lending

(cost

$336,526)

336,526

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

0.8% 

X

–

REPURCHASE

AGREEMENTS

-

0

.8

%

150,000

$

150

(e)

Fixed

Income

Clearing

Corp

(FICC)

5.290%

2/01/24

$

150,000

Total

Repurchase

Agreements

(cost

$150,000)

150,000

Total

Short-Term

Investments

(cost

$150,000)

150,000

Total

Investments

(cost

$

11,889,560

)

-

101

.9

%

19,010,714

Other

Assets

&

Liabilities,

Net

-   (1.9)%

(

348,158

)

Net

Assets

-

100%

$

18,662,556

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.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

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

$316,640.

(c)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

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

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(d)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

1/31/24

to

be

repurchased

at

$150,022

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

5/15/43,

valued

at

$153,044.

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

See

Notes

to

Financial

Statements

25

Nuveen

International

Dividend

Growth

Fund

Portfolio

of

Investments

January

31,

2024

(Unaudited)

Shares

Description

(a)

Value

LONG-TERM

INVESTMENTS

-

98.4% 

X

–

COMMON

STOCKS

-

98

.4

%

X

4,925,490

Automobiles

&

Components

-

2.2%

1,046

Autoliv

Inc

$

112,048

Total

Automobiles

&

Components

112,048

Banks

-

4.4%

33,446

BOC

Hong

Kong

Holdings

Ltd

80,163

2,337

Toronto-Dominion

Bank/The

141,964

Total

Banks

222,127

Capital

Goods

-

10.4%

17,099

BAE

Systems

PLC

254,715

5,900

ITOCHU

Corp

267,766

Total

Capital

Goods

522,481

Commercial

&

Professional

Services

-

1.7%

2,059

Experian

PLC

85,701

Total

Commercial

&

Professional

Services

85,701

Consumer

Durables

&

Apparel

-

3.8%

227

LVMH

Moet

Hennessy

Louis

Vuitton

SE

188,877

Total

Consumer

Durables

&

Apparel

188,877

Consumer

Services

-

5.4%

4,795

Compass

Group

PLC

132,072

1,780

Restaurant

Brands

International

Inc

138,950

Total

Consumer

Services

271,022

Energy

-

6.4%

4,251

(b)

Enbridge

Inc

150,949

2,584

TotalEnergies

SE

167,638

Total

Energy

318,587

Equity

Real

Estate

Investment

Trusts

(REITs)

-

2.1%

22,117

British

Land

Co

PLC/The

106,310

Total

Equity

Real

Estate

Investment

Trusts

(REITs)

106,310

Financial

Services

-

6.7%

1,424

Macquarie

Group

Ltd

175,706

8,300

ORIX

Corp

160,267

Total

Financial

Services

335,973

Food,

Beverage

&

Tobacco

-

4.5%

2,608

Diageo

PLC

94,195

1,142

Nestle

SA

130,132

Total

Food,

Beverage

&

Tobacco

224,327

Household

&

Personal

Products

-

4.8%

1,332

Reckitt

Benckiser

Group

PLC

96,305

2,952

Unilever

PLC

143,645

Total

Household

&

Personal

Products

239,950

Insurance

-

1.7%

10,800

AIA

Group

Ltd

84,698

Total

Insurance

84,698

Nuveen

International

Dividend

Growth

Fund

(continued)

Portfolio

of

Investments

January

31,

2024

(Unaudited)

26

Shares

Description

(a)

Value

Materials

-

6.3%

488

Linde

PLC

$

197,557

5,511

SIG

Group

AG

115,357

Total

Materials

312,914

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

15.1%

8,100

Astellas

Pharma

Inc

94,304

8,093

Hikma

Pharmaceuticals

PLC

197,445

2,243

Novo

Nordisk

A/S,

Class

B

256,385

2,064

Sanofi

206,700

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

754,834

Semiconductors

&

Semiconductor

Equipment

-

3.7%

1,648

Taiwan

Semiconductor

Manufacturing

Co

Ltd,

Sponsored

ADR

186,158

Total

Semiconductors

&

Semiconductor

Equipment

186,158

Software

&

Services

-

4.0%

1,148

SAP

SE

198,887

Total

Software

&

Services

198,887

Telecommunication

Services

-

6.7%

89,400

HKT

Trust

&

HKT

Ltd

107,393

5,000

KDDI

Corp

165,675

73,388

Vodafone

Group

PLC

62,390

Total

Telecommunication

Services

335,458

Transportation

-

2.8%

1,129

Canadian

National

Railway

Co

140,053

Total

Transportation

140,053

Utilities

-

5.7%

27,242

Snam

SpA

133,049

4,666

Veolia

Environnement

SA

152,036

Total

Utilities

285,085

Total

Common

Stocks

(cost

$3,741,776)

4,925,490

Total

Long-Term

Investments

(cost

$3,741,776)

4,925,490

Shares

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

3.2%

X

–

157,747

(c)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.340%(d)

$

157,747

Total

Investments

Purchased

with

Collateral

from

Securities

Lending

(cost

$157,747)

157,747

27

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

1.4% 

X

–

REPURCHASE

AGREEMENTS

-

1

.4

%

X

70,000

$

70

(e)

Fixed

Income

Clearing

Corp

(FICC)

5.290%

2/01/24

$

70,000

Total

Repurchase

Agreements

(cost

$70,000)

70,000

Total

Short-Term

Investments

(cost

$70,000)

70,000

Total

Investments

(cost

$

3,969,523

)

-

103

.0

%

5,153,237

Other

Assets

&

Liabilities,

Net

-   (3.0)%

(

149,649

)

Net

Assets

-

100%

$

5,003,588

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.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

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

$148,347.

(c)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

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

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(d)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

1/31/24

to

be

repurchased

at

$70,010

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

5/15/43,

valued

at

$71,445.

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

See

Notes

to

Financial

Statements

28

Nuveen

International

Small

Cap

Fund

Portfolio

of

Investments

January

31,

2024

(Unaudited)

Shares

Description

(a)

Value

LONG-TERM

INVESTMENTS

-

98.4% 

X

–

COMMON

STOCKS

-

98

.4

%

X

63,520,431

Automobiles

&

Components

-

0.9%

44,246

Brembo

SpA

$

544,970

Total

Automobiles

&

Components

544,970

Banks

-

3.0%

17,850

BAWAG

Group

AG,

144A

919,035

89,000

Chiba

Bank

Ltd/The

659,513

70,700

Concordia

Financial

Group

Ltd

336,917

Total

Banks

1,915,465

Capital

Goods

-

16.3%

92,000

Amada

Co

Ltd

992,831

120,800

BOC

Aviation

Ltd,

144A

905,681

1,020

Burckhardt

Compression

Holding

AG

570,657

37,711

IMI

PLC

799,833

4,161

Kardex

Holding

AG

1,056,821

16,963

Konecranes

Oyj

728,502

16,965

Kongsberg

Gruppen

ASA

864,593

40,700

Nabtesco

Corp

782,291

29,600

Nichias

Corp

691,884

84,508

RS

GROUP

PLC

837,386

26,809

Signify

NV,

Reg

S,

144A

803,858

8,696

Toromont

Industries

Ltd

761,680

24,659

Trelleborg

AB

750,551

Total

Capital

Goods

10,546,568

Commercial  &

Professional

Services

-

1.2%

46,464

(b)

Element

Fleet

Management

Corp

783,818

Total

Commercial  &

Professional

Services

783,818

Commercial

&

Professional

Services

-

5.8%

15,422

Arcadis

NV

846,690

42,734

Elis

SA

939,587

54,400

(c)

Park24

Co

Ltd

710,833

37,585

SPIE

SA

1,243,220

Total

Commercial

&

Professional

Services

3,740,330

Consumer

Discretionary

Distribution

&

Retail

-

6.4%

51,100

ASKUL

Corp

690,701

97,121

Inchcape

PLC

836,285

20,950

PALTAC

Corp

637,832

1,056,000

Topsports

International

Holdings

Ltd,

144A

684,479

41,900

United

Arrows

Ltd

549,480

47,140

WH

Smith

PLC

720,357

Total

Consumer

Discretionary

Distribution

&

Retail

4,119,134

Consumer

Services

-

5.4%

114,562

Collins

Foods

Ltd

898,154

26,538

Greggs

PLC

893,940

42,400

Resorttrust

Inc

737,064

29,800

Tokyotokeiba

Co

Ltd

933,306

Total

Consumer

Services

3,462,464

29

Shares

Description

(a)

Value

Consumer

Staples

Distribution

&

Retail

-

1.1%

23,700

Sundrug

Co

Ltd

$

714,798

Total

Consumer

Staples

Distribution

&

Retail

714,798

Energy

-

3.2%

47,339

Enerplus

Corp

687,312

194,989

(b),(c)

Kelt

Exploration

Ltd

778,825

43,092

(c)

Vallourec

SA

616,483

Total

Energy

2,082,620

Equity

Real

Estate

Investment

Trusts

(REITs)

-

7.0%

11,964

Aedifica

SA

779,626

782,075

HomeCo

Daily

Needs

REIT

643,811

309,493

LondonMetric

Property

PLC

756,213

472,641

National

Storage

REIT

708,826

76,065

Safestore

Holdings

PLC

792,158

815,091

Supermarket

Income

Reit

PLC

836,702

Total

Equity

Real

Estate

Investment

Trusts

(REITs)

4,517,336

Financial

Services

-

4.5%

61,355

BFF

Bank

SpA,

144A

663,042

69,328

IG

Group

Holdings

PLC

622,991

33,308

Nuvei

Corp

809,381

146,639

OSB

Group

PLC

834,416

Total

Financial

Services

2,929,830

Food,

Beverage

&

Tobacco

-

4.4%

92,676

Britvic

PLC

1,036,482

52,000

Morinaga

Milk

Industry

Co

Ltd

1,064,882

29,200

Nichirei

Corp

705,258

Total

Food,

Beverage

&

Tobacco

2,806,622

Health

Care

Equipment

&

Services

-

5.3%

29,500

Amvis

Holdings

Inc

543,480

16,672

CompuGroup

Medical

SE

&

Co

KgaA

714,807

34,009

CVS

Group

PLC

727,521

30,392

(c)

Inmode

Ltd

719,986

46,800

Ship

Healthcare

Holdings

Inc

710,277

Total

Health

Care

Equipment

&

Services

3,416,071

Household

&

Personal

Products

-

1.2%

75,700

Pola

Orbis

Holdings

Inc

783,116

Total

Household

&

Personal

Products

783,116

Insurance

-

2.5%

17,071

ASR

Nederland

NV

804,496

91,103

Storebrand

ASA

819,122

Total

Insurance

1,623,618

Materials

-

9.6%

64,477

Hudbay

Minerals

Inc

358,245

14,086

Labrador

Iron

Ore

Royalty

Corp

345,851

15,706

(b),(c)

Lithium

Americas

Argentina

Corp

69,625

130,270

(c)

Lynas

Rare

Earths

Ltd

495,323

26,700

Nippon

Light

Metal

Holdings

Co

Ltd

328,994

488,838

Orora

Ltd

888,503

21,791

Pan

American

Silver

Corp

294,988

9,690

Salzgitter

AG

270,268

66,115

SSR

Mining

Inc

623,063

23,700

Sumitomo

Osaka

Cement

Co

Ltd

597,057

Nuveen

International

Small

Cap

Fund

(continued)

Portfolio

of

Investments

January

31,

2024

(Unaudited)

30

Shares

Description

(a)

Value

Materials

(continued)

65,800

Tosoh

Corp

$

848,467

23,800

UACJ

Corp

657,386

10,154

Vicat

SA

395,047

Total

Materials

6,172,817

Media

&

Entertainment

-

2.7%

32,247

CAR

Group

Ltd

692,385

15,448

CTS

Eventim

AG

&

Co

KGaA

1,045,477

Total

Media

&

Entertainment

1,737,862

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

2.3%

6,624

Gerresheimer

AG

675,310

73,889

Grifols

SA

804,854

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

1,480,164

Real

Estate

Management

&

Development

-

1.1%

57,528

Savills

PLC

738,530

Total

Real

Estate

Management

&

Development

738,530

Semiconductors

&

Semiconductor

Equipment

-

2.1%

18,723

AIXTRON

SE

696,837

44,700

SUMCO

Corp

677,670

Total

Semiconductors

&

Semiconductor

Equipment

1,374,507

Software

&

Services

-

5.0%

34,900

BIPROGY

Inc

1,021,818

5,077

(c)

Kinaxis

Inc

618,250

3,743

Sopra

Steria

Group

877,936

31,200

TIS

Inc

693,945

Total

Software

&

Services

3,211,949

Technology

Hardware

&

Equipment

-

2.1%

2,423

Comet

Holding

AG

798,896

388,451

Spirent

Communications

PLC

579,477

Total

Technology

Hardware

&

Equipment

1,378,373

Transportation

-

2.0%

2,070,000

Pacific

Basin

Shipping

Ltd

576,203

19,800

Sankyu

Inc

740,169

Total

Transportation

1,316,372

Utilities

-

3.3%

20,048

Capital

Power

Corp

551,136

127,917

Drax

Group

PLC

825,460

108,854

Superior

Plus

Corp

746,501

Total

Utilities

2,123,097

Total

Common

Stocks

(cost

$64,027,012)

63,520,431

Total

Long-Term

Investments

(cost

$64,027,012)

63,520,431

Shares

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

2.7%

X

–

1,738,328

(d)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.360%(e)

$

1,738,328

Total

Investments

Purchased

with

Collateral

from

Securities

Lending

(cost

$1,738,328)

1,738,328

31

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

0.9% 

X

–

REPURCHASE

AGREEMENTS

-

0

.9

%

X

570,000

$

570

(f)

Fixed

Income

Clearing

Corp

(FICC)

5.290%

2/01/24

$

570,000

Total

Repurchase

Agreements

(cost

$570,000)

570,000

Total

Short-Term

Investments

(cost

$570,000)

570,000

Total

Investments

(cost

$

66,335,340

)

-

102

.0

%

65,828,759

Other

Assets

&

Liabilities,

Net

-   (2.0)%

(

1,274,578

)

Net

Assets

-

100%

$

64,554,181

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.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

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

$1,604,499.

(c)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(d)

The

Fund

may

loan

securities

representing

up

to

one

third

of

the

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

value,

at

the

inception

of

each

loan,

equal

to

not

less

than

100%

of

the

value

of

the

loaned

securities.

The

cash

collateral

received

by

the

Fund

is

invested

in

this

money

market

fund.

(e)

The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(f)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

1/31/24

to

be

repurchased

at

$570,084

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

5/15/43,

valued

at

$581,435.

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.

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.

REIT

Real

Estate

Investment

Trust

See

Notes

to

Financial

Statements

32

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

Portfolio

of

Investments

January

31,

2024

(Unaudited)

Shares

Description

(a)

Value

LONG-TERM

INVESTMENTS

-

97.2% 

X

–

COMMON

STOCKS

-

97

.2

%

X

822,679,109

Capital

Goods

-

3.3%

25,360

Parker-Hannifin

Corp

$

11,779,720

65,200

Trane

Technologies

PLC

16,433,660

Total

Capital

Goods

28,213,380

Consumer

Discretionary

Distribution

&

Retail

-

8.4%

388,530

(b)

Amazon.com

Inc

60,299,856

10,770

(b)

O'Reilly

Automotive

Inc

11,018,248

Total

Consumer

Discretionary

Distribution

&

Retail

71,318,104

Consumer

Durables

&

Apparel

-

1.3%

23,400

(b)

Lululemon

Athletica

Inc

10,619,388

Total

Consumer

Durables

&

Apparel

10,619,388

Consumer

Services

-

4.8%

8,662

(b)

Chipotle

Mexican

Grill

Inc

20,864,766

50,060

Hilton

Worldwide

Holdings

Inc

9,559,457

35,200

McDonald's

Corp

10,303,744

Total

Consumer

Services

40,727,967

Consumer

Staples

Distribution

&

Retail

-

1.2%

14,040

Costco

Wholesale

Corp

9,756,115

Total

Consumer

Staples

Distribution

&

Retail

9,756,115

Financial

Services

-

8.0%

124,800

KKR

&

Co

Inc

10,805,184

49,016

Mastercard

Inc,

Class

A

22,019,458

28,970

Moody's

Corp

11,357,399

17,397

MSCI

Inc

10,414,192

49,311

Visa

Inc,

Class

A

13,474,724

Total

Financial

Services

68,070,957

Health

Care

Equipment

&

Services

-

9.0%

152,820

(b)

Boston

Scientific

Corp

9,667,393

73,400

(b)

Dexcom

Inc

8,907,090

31,630

(b)

IDEXX

Laboratories

Inc

16,291,981

63,205

(b)

Intuitive

Surgical

Inc

23,905,395

34,673

UnitedHealth

Group

Inc

17,743,561

Total

Health

Care

Equipment

&

Services

76,515,420

Materials

-

1.4%

28,232

Linde

PLC

11,429,161

Total

Materials

11,429,161

Media

&

Entertainment

-

5.6%

171,090

(b)

Alphabet

Inc,

Class

A

23,969,709

162,960

(b)

Alphabet

Inc,

Class

C

23,107,728

Total

Media

&

Entertainment

47,077,437

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

4.6%

24,590

Eli

Lilly

&

Co

15,875,550

12,200

Thermo

Fisher

Scientific

Inc

6,575,556

36,450

(b)

Vertex

Pharmaceuticals

Inc

15,796,701

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

38,247,807

33

Shares

Description

(a)

Value

Semiconductors

&

Semiconductor

Equipment

-

16.2%

36,840

Analog

Devices

Inc

$

7,086,543

29,173

ASML

Holding

NV

25,375,259

20,450

Broadcom

Inc

24,131,000

36,490

Lam

Research

Corp

30,110,453

82,406

NVIDIA

Corp

50,701,939

Total

Semiconductors

&

Semiconductor

Equipment

137,405,194

Software

&

Services

-

27.0%

22,400

Accenture

PLC,

Class

A

8,150,912

42,130

(b)

Atlassian

Corp

Ltd,

Class

A

10,522,810

281,202

Microsoft

Corp

111,800,291

83,780

(b)

Salesforce

Inc

23,549,720

43,050

(b)

ServiceNow

Inc

32,950,470

44,700

(b)

Snowflake

Inc,

Class

A

8,745,108

26,600

(b)

Synopsys

Inc

14,187,110

64,350

(b)

Workday

Inc,

Class

A

18,730,355

Total

Software

&

Services

228,636,776

Technology

Hardware

&

Equipment

-

5.2%

240,910

Apple

Inc

44,423,804

Total

Technology

Hardware

&

Equipment

44,423,804

Transportation

-

1.2%

156,850

(b)

Uber

Technologies

Inc

10,237,599

Total

Transportation

10,237,599

Total

Common

Stocks

(cost

$474,090,414)

822,679,109

Total

Long-Term

Investments

(cost

$474,090,414)

822,679,109

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

-

1.0% 

X

–

REPURCHASE

AGREEMENTS

-

1

.0

%

X

8,557,263

$

8,270

(c)

Fixed

Income

Clearing

Corp

(FICC)

5.290%

2/01/24

$

8,270,000

287

(d)

Fixed

Income

Clearing

Corp

(FICC)

1.600%

2/01/24

287,263

Total

Repurchase

Agreements

(cost

$8,557,263)

8,557,263

Total

Short-Term

Investments

(cost

$8,557,263)

8,557,263

Total

Investments

(cost

$

482,647,677

)

-

98

.2

%

831,236,372

Other

Assets

&

Liabilities,

Net

-   1.8%

15,408,078

Net

Assets

-

100%

$

846,644,450

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.

(a)

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets.

(b)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(c)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

1/31/24

to

be

repurchased

at

$8,271,215

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

3.875%

and

maturity

date

5/15/43,

valued

at

$8,435,455.

(d)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.600%

dated

1/31/24

to

be

repurchased

at

$287,276

on

2/1/24,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

0.375%

and

maturity

date

7/15/27,

valued

at

$293,010.

See

Notes

to

Financial

Statements

Statement

of

Assets

and

Liabilities

See

Notes

to

Financial

Statements

34

January

31,

2024

(Unaudited)

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

ASSETS

Long-term

investments,

at

value

†‡

$

5,949,478,528‌

$

18,524,188‌

$

4,925,490‌

$

63,520,431‌

$

822,679,109‌

Investments

purchased

with

collateral

from

securities

lending,

at

value

(cost

approximates

value)

–‌

336,526‌

157,747‌

1,738,328‌

–‌

Short-term

investments,

at

value

◊

93,533,386‌

150,000‌

70,000‌

570,000‌

8,557,263‌

Cash

–‌

13,903‌

7,743‌

29,470‌

–‌

Cash

denominated

in

foreign

currencies

^

–‌

2,984‌

1,507‌

6,049‌

–‌

Receivables:

Dividends

7,273,475‌

22,911‌

5,655‌

116,872‌

62,357‌

Interest

13,443‌

22‌

10‌

84‌

1,228‌

Investments

sold

–‌

9‌

5‌

257,727‌

14,392,805‌

Reclaims

–‌

4,588‌

2,051‌

43,187‌

–‌

Reimbursement

from

Adviser

45,270‌

9,935‌

16,180‌

21,438‌

138,286‌

Shares

sold

3,366,130‌

4,802‌

–‌

149,302‌

1,955,194‌

Other

480,605‌

15,497‌

27,160‌

15,115‌

173,166‌

Total

assets

6,054,190,837‌

19,085,365‌

5,213,548‌

66,468,003‌

847,959,408‌

LIABILITIES

Cash

overdraft

–‌

–‌

–‌

–‌

3,799‌

Payables:

Management

fees

3,029,484‌

11,134‌

2,984‌

47,342‌

448,525‌

Collateral

from

securities

lending

–‌

336,526‌

157,747‌

1,738,328‌

–‌

Interest

518‌

1‌

—‌

111‌

64‌

Shares

redeemed

7,251,666‌

19,295‌

–‌

14,788‌

198,803‌

Accrued

expenses:

Custodian

fees

260,604‌

20,330‌

29,288‌

52,616‌

47,067‌

Trustees

fees

473,146‌

459‌

108‌

1,548‌

147,510‌

Professional

fees

74,193‌

26,149‌

16,575‌

48,756‌

46,177‌

Shareholder

reporting

expenses

131,189‌

3,736‌

1,847‌

4,350‌

45,974‌

Shareholder

servicing

agent

fees

528,434‌

2,904‌

721‌

5,681‌

324,700‌

12b-1

distribution

and

service

fees

392,435‌

2,275‌

690‌

302‌

52,339‌

Total

liabilities

12,141,669‌

422,809‌

209,960‌

1,913,822‌

1,314,958‌

Net

assets

$

6,042,049,168‌

$

18,662,556‌

$

5,003,588‌

$

64,554,181‌

$

846,644,450‌

NET

ASSETS

CONSIST

OF:

Paid-in

capital

$

3,368,742,579‌

$

11,378,401‌

$

3,940,510‌

$

68,976,991‌

$

477,233,215‌

Total

distributable

earnings

(loss)

2,673,306,589‌

7,284,155‌

1,063,078‌

(4,422,810‌)

369,411,235‌

Net

assets

$

6,042,049,168‌

$

18,662,556‌

$

5,003,588‌

$

64,554,181‌

$

846,644,450‌

†

Long-term

investments,

cost

$

3,291,116,264‌

$

11,403,034‌

$

3,741,776‌

$

64,027,012‌

$

474,090,414‌

◊

Short-term

investments,

cost

$

93,533,386‌

$

150,000‌

$

70,000‌

$

570,000‌

$

8,557,263‌

‡

Includes

securities

loaned

of

$

—‌

$

316,640‌

$

148,347‌

$

1,604,499‌

$

—‌

^

Cash

denominated

in

foreign

currencies,

cost

$

—‌

$

2,994‌

$

1,512‌

$

6,069‌

$

—‌

Statement

of

Assets

and

Liabilities

(continued)

See

Notes

to

Financial

Statements

35

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

CLASS

A:

Net

assets

$

1,017,500,974‌

$

8,607,861‌

$

2,250,258‌

$

1,204,452‌

$

207,841,911‌

Shares

outstanding

18,180,670‌

264,048‌

79,368‌

57,796‌

3,995,913‌

Net

asset

value

("NAV")

per

share

$

55.97‌

$

32.60‌

$

28.35‌

$

20.84‌

$

52.01‌

Maximum

sales

charge

5.75%

5.75%

5.75%

5.75%

5.75%

Offering

price

per

share

(NAV

per

share

plus

maximum

sales

charge)

$

59.38‌

$

34.59‌

$

30.08‌

$

22.11‌

$

55.18‌

CLASS

C:

Net

assets

$

207,832,872‌

$

550,253‌

$

262,750‌

$

52,861‌

$

11,224,931‌

Shares

outstanding

3,715,496‌

16,940‌

9,395‌

2,596‌

282,009‌

NAV

and

offering

price

per

share

$

55.94‌

$

32.48‌

$

27.97‌

$

20.36‌

$

39.80‌

CLASS

R6:

Net

assets

$

2,436,957,302‌

$

—‌

$

—‌

$

41,273,027‌

$

123,266,348‌

Shares

outstanding

43,108,717‌

—‌

—‌

1,969,505‌

2,152,517‌

NAV

and

offering

price

per

share

$

56.53‌

$

—‌

$

—‌

$

20.96‌

$

57.27‌

CLASS

I:

Net

assets

$

2,379,758,020‌

$

9,504,442‌

$

2,490,580‌

$

22,023,841‌

$

504,311,260‌

Shares

outstanding

42,585,746‌

291,687‌

87,750‌

1,052,481‌

9,060,728‌

NAV

and

offering

price

per

share

$

55.88‌

$

32.58‌

$

28.38‌

$

20.93‌

$

55.66‌

Authorized

shares

-

per

class

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Par

value

per

share

$

0.01

$

0.01

$

0.01

$

0.01

$

0.01

Statement

of

Operations

See

Notes

to

Financial

Statements

36

Six

Months

Ended

January

31,

2024

(Unaudited)

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

INVESTMENT

INCOME

Dividends

$

58,766,128‌

$

201,907‌

$

63,854‌

$

690,672‌

$

2,173,022‌

Interest

1,678,335‌

10,368‌

3,262‌

21,418‌

140,689‌

Securities

lending

income,

net

—‌

268‌

71‌

8,270‌

—‌

Other

income

274,773‌

685‌

—‌

8,095‌

52,220‌

Tax

withheld

(

269‌

)

(

9,059‌

)

(

5,958‌

)

(

56,783‌

)

(

15,630‌

)

Total

investment

income

60,718,967‌

204,169‌

61,229‌

671,672‌

2,350,301‌

EXPENSES

–

–

–

–

–

Management

fees

17,395,345‌

66,316‌

17,041‌

279,859‌

2,495,169‌

12b-1

service

fees

-

Class

A

1,197,943‌

10,768‌

2,683‌

1,465‌

234,941‌

12b-1

distribution

and

service

fees

-

Class

C

1,091,461‌

2,682‌

1,379‌

258‌

54,838‌

Shareholder

servicing

agent

fees

-

Class

A

257,043‌

2,940‌

925‌

754‌

143,411‌

Shareholder

servicing

agent

fees

-

Class

C

58,634‌

183‌

117‌

33‌

8,377‌

Shareholder

servicing

agent

fees

-

Class

R6

32,191‌

—‌

—‌

889‌

4,576‌

Shareholder

servicing

agent

fees

-

Class

I

619,923‌

3,240‌

1,023‌

15,091‌

357,218‌

Interest

expense

6,206‌

4‌

6‌

703‌

494‌

Trustees

fees

106,288‌

340‌

88‌

1,202‌

14,004‌

Custodian

expenses

171,154‌

13,799‌

23,302‌

45,019‌

23,933‌

Registration

fees

53,824‌

24,642‌

24,807‌

31,807‌

35,469‌

Professional

fees

173,662‌

24,334‌

19,226‌

39,485‌

53,250‌

Shareholder

reporting

expenses

145,526‌

2,341‌

876‌

2,804‌

39,772‌

Other

45,247‌

2,508‌

2,361‌

2,681‌

27,027‌

Total

expenses

before

fee

waiver/expense

reimbursement

21,354,447‌

154,097‌

93,834‌

422,050‌

3,492,479‌

Fee

waiver/expense

reimbursement

—‌

(

56,548‌

)

(

68,195‌

)

(

135,722‌

)

(

732,234‌

)

Net

expenses

21,354,447‌

97,549‌

25,639‌

286,328‌

2,760,245‌

Net

investment

income

(loss)

39,364,520‌

106,620‌

35,590‌

385,344‌

(

409,944‌

)

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

46,173,309‌

307,344‌

76,264‌

(

184,986‌

)

27,419,559‌

Foreign

currency

transactions

—‌

77‌

205‌

(

11,013‌

)

—‌

Net

realized

gain

(loss)

46,173,309‌

307,421‌

76,469‌

(

195,999‌

)

27,419,559‌

Change

in

unrealized

appreciation

(depreciation)

on:

Investments

189,088,051‌

363,740‌

10,392‌

(

2,351,301‌

)

91,805,372‌

Foreign

currency

translations

—‌

(

149‌

)

37‌

(

3,264‌

)

—‌

Net

change

in

unrealized

appreciation

(depreciation)

189,088,051‌

363,591‌

10,429‌

(

2,354,565‌

)

91,805,372‌

Net

realized

and

unrealized

gain

(loss)

235,261,360‌

671,012‌

86,898‌

(

2,550,564‌

)

119,224,931‌

Net

increase

(decrease)

in

net

assets

from

operations

$

274,625,880‌

$

777,632‌

$

122,488‌

$

(

2,165,220‌

)

$

118,814,987‌

Statement

of

Changes

in

Net

Assets

See

Notes

to

Financial

Statements

37

Dividend

Growth

Global

Dividend

Growth

Unaudited

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

Unaudited

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

OPERATIONS

Net

investment

income

(loss)

$

39,364,520‌

$

76,968,692‌

$

106,620‌

$

280,870‌

Net

realized

gain

(loss)

46,173,309‌

95,262,290‌

307,421‌

28,647‌

Net

change

in

unrealized

appreciation

(depreciation)

189,088,051‌

378,134,850‌

363,591‌

1,317,987‌

Net

increase

(decrease)

in

net

assets

from

operations

274,625,880‌

550,365,832‌

777,632‌

1,627,504‌

DISTRIBUTIONS

TO

SHAREHOLDERS

Dividends:

Class

A

(

22,152,066‌

)

(

31,405,027‌

)

(

50,707‌

)

(

325,101‌

)

Class

C

(

4,034,029‌

)

(

7,156,110‌

)

(

1,184‌

)

(

21,890‌

)

Class

R6

(

56,922,983‌

)

(

79,679,640‌

)

—‌

—‌

Class

I

(

55,919,050‌

)

(

82,990,316‌

)

(

67,627‌

)

(

396,234‌

)

Total

distributions

(

139,028,128‌

)

(

201,231,093‌

)

(

119,518‌

)

(

743,225‌

)

FUND

SHARE

TRANSACTIONS

Subscriptions

318,985,159‌

834,970,462‌

1,109,497‌

2,610,143‌

Reinvestments

of

distributions

110,651,656‌

158,046,763‌

109,065‌

684,253‌

Redemptions

(

532,768,083‌

)

(

1,297,498,513‌

)

(

2,932,058‌

)

(

3,564,245‌

)

Net

increase

(decrease)

from

Fund

share

transactions

(

103,131,268‌

)

(

304,481,288‌

)

(

1,713,496‌

)

(

269,849‌

)

Net

increase

(decrease)

in

net

assets

32,466,484‌

44,653,451‌

(

1,055,382‌

)

614,430‌

Net

assets

at

the

beginning

of

period

6,009,582,684‌

5,964,929,233‌

19,717,938‌

19,103,508‌

Net

assets

at

the

end

of

period

$

6,042,049,168‌

$

6,009,582,684‌

$

18,662,556‌

$

19,717,938‌

See

Notes

to

Financial

Statements

38

International

Dividend

Growth

International

Small

Cap

Unaudited

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

Unaudited

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

OPERATIONS

Net

investment

income

(loss)

$

35,590‌

$

87,406‌

$

385,344‌

$

973,320‌

Net

realized

gain

(loss)

76,469‌

43,002‌

(

195,999‌

)

(

2,651,001‌

)

Net

change

in

unrealized

appreciation

(depreciation)

10,429‌

194,064‌

(

2,354,565‌

)

5,460,735‌

Net

increase

(decrease)

in

net

assets

from

operations

122,488‌

324,472‌

(

2,165,220‌

)

3,783,054‌

DISTRIBUTIONS

TO

SHAREHOLDERS

Dividends:

Class

A

(

28,483‌

)

(

60,868‌

)

(

18,040‌

)

—‌

Class

C

(

2,601‌

)

(

4,300‌

)

(

405‌

)

—‌

Class

R6

—‌

—‌

(

749,793‌

)

(

58,110‌

)

Class

I

(

34,568‌

)

(

64,279‌

)

(

391,397‌

)

(

24,766‌

)

Total

distributions

(

65,652‌

)

(

129,447‌

)

(

1,159,635‌

)

(

82,876‌

)

FUND

SHARE

TRANSACTIONS

Subscriptions

273,091‌

1,160,086‌

2,931,893‌

17,841,986‌

Reinvestments

of

distributions

46,736‌

86,469‌

554,833‌

25,653‌

Redemptions

(

147,319‌

)

(

574,160‌

)

(

5,536,930‌

)

(

11,695,297‌

)

Net

increase

(decrease)

from

Fund

share

transactions

172,508‌

672,395‌

(

2,050,204‌

)

6,172,342‌

Net

increase

(decrease)

in

net

assets

229,344‌

867,420‌

(

5,375,059‌

)

9,872,520‌

Net

assets

at

the

beginning

of

period

4,774,244‌

3,906,824‌

69,929,240‌

60,056,720‌

Net

assets

at

the

end

of

period

$

5,003,588‌

$

4,774,244‌

$

64,554,181‌

$

69,929,240‌

See

Notes

to

Financial

Statements

39

Winslow

Large-Cap

Growth

ESG

Unaudited

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

OPERATIONS

Net

investment

income

(loss)

$

(

409,944‌

)

$

(

174,861‌

)

Net

realized

gain

(loss)

27,419,559‌

59,834,324‌

Net

change

in

unrealized

appreciation

(depreciation)

91,805,372‌

49,401,406‌

Net

increase

(decrease)

in

net

assets

from

operations

118,814,987‌

109,060,869‌

DISTRIBUTIONS

TO

SHAREHOLDERS

Dividends:

Class

A

(

10,879,284‌

)

(

13,190,940‌

)

Class

C

(

798,227‌

)

(

1,250,714‌

)

Class

R6

(

5,704,561‌

)

(

5,821,013‌

)

Class

I

(

26,222,459‌

)

(

30,674,839‌

)

Total

distributions

(

43,604,531‌

)

(

50,937,506‌

)

FUND

SHARE

TRANSACTIONS

Subscriptions

78,734,502‌

109,230,415‌

Reinvestments

of

distributions

39,344,675‌

46,104,325‌

Redemptions

(

110,938,970‌

)

(

135,607,861‌

)

Net

increase

(decrease)

from

Fund

share

transactions

7,140,207‌

19,726,879‌

Net

increase

(decrease)

in

net

assets

82,350,663‌

77,850,242‌

Net

assets

at

the

beginning

of

period

764,293,787‌

686,443,545‌

Net

assets

at

the

end

of

period

$

846,644,450‌

$

764,293,787‌

Financial

Highlights

40

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

Dividend

Growth

Class

A

1/31/24(e)

$

54.65

$

0.31

$

2.25

$

2.56

$

(

0.31

)

$

(

0.93

)

$

(

1.24

)

$

55.97

7/31/23

51.54

0.59

4.26

4.85

(

0.61

)

(

1.13

)

(

1.74

)

54.65

7/31/22

53.39

0.55

(

0.49

)

0.06

(

0.56

)

(

1.35

)

(

1.91

)

51.54

7/31/21

43.32

0.62

11.55

12.17

(

0.58

)

(

1.52

)

(

2.10

)

53.39

7/31/20

44.21

0.61

2.28

2.89

(

0.67

)

(

3.11

)

(

3.78

)

43.32

7/31/19

42.61

0.65

3.49

4.14

(

0.60

)

(

1.94

)

(

2.54

)

44.21

Class

C

1/31/24(e)

54.63

0.11

2.24

2.35

(

0.11

)

(

0.93

)

(

1.04

)

55.94

7/31/23

51.52

0.21

4.26

4.47

(

0.23

)

(

1.13

)

(

1.36

)

54.63

7/31/22

53.33

0.15

(

0.49

)

(

0.34

)

(

0.12

)

(

1.35

)

(

1.47

)

51.52

7/31/21

43.28

0.26

11.54

11.80

(

0.23

)

(

1.52

)

(

1.75

)

53.33

7/31/20

44.16

0.29

2.29

2.58

(

0.35

)

(

3.11

)

(

3.46

)

43.28

7/31/19

42.53

0.34

3.49

3.83

(

0.26

)

(

1.94

)

(

2.20

)

44.16

Class

R6

1/31/24(e)

55.19

0.39

2.28

2.67

(

0.40

)

(

0.93

)

(

1.33

)

56.53

7/31/23

52.05

0.75

4.29

5.04

(

0.77

)

(

1.13

)

(

1.90

)

55.19

7/31/22

53.92

0.72

(

0.49

)

0.23

(

0.75

)

(

1.35

)

(

2.10

)

52.05

7/31/21

43.74

0.78

11.66

12.44

(

0.74

)

(

1.52

)

(

2.26

)

53.92

7/31/20

44.62

0.75

2.30

3.05

(

0.82

)

(

3.11

)

(

3.93

)

43.74

7/31/19

43.03

0.78

3.54

4.32

(

0.79

)

(

1.94

)

(

2.73

)

44.62

Class

I

1/31/24(e)

54.57

0.38

2.24

2.62

(

0.38

)

(

0.93

)

(

1.31

)

55.88

7/31/23

51.47

0.72

4.25

4.97

(

0.74

)

(

1.13

)

(

1.87

)

54.57

7/31/22

53.33

0.68

(

0.49

)

0.19

(

0.70

)

(

1.35

)

(

2.05

)

51.47

7/31/21

43.28

0.74

11.53

12.27

(

0.70

)

(

1.52

)

(

2.22

)

53.33

7/31/20

44.17

0.72

2.28

3.00

(

0.78

)

(

3.11

)

(

3.89

)

43.28

7/31/19

42.64

0.75

3.49

4.24

(

0.77

)

(

1.94

)

(

2.71

)

44.17

(a)

Based

on

average

shares

outstanding.

(b)

Percentage

is

not

annualized.  

(c)

The

Fund

has

a

contractual

fee

waiver/expense

reimbursement

agreement

with

the

Adviser,

but

did

not

receive

a

fee

waiver/expense

reimbursement

during

the

periods

presented

herein.

See

Notes

to

Financial

Statements

for

more

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

as

further

described

in

the

Notes

to

Financial

Statements.

(e)

Unaudited.

(f)

Annualized.

See

Notes

to

Financial

Statements.

41

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

of

Period

(000)

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

4

.75‌

%

$

1,017,501

0

.92‌

%

(f)

1

.15‌

%

(f)

6‌

%

9

.75‌

976,938

0

.92‌

1

.16‌

17‌

(

0

.04‌

)

932,555

0

.91‌

1

.04‌

17‌

28

.85‌

837,090

0

.92‌

1

.29‌

15‌

6

.54‌

624,209

0

.95‌

1

.42‌

25‌

10

.29‌

497,332

0

.96‌

1

.57‌

31‌

4

.34‌

207,833

1

.67‌

(f)

0

.41‌

(f)

6‌

8

.92‌

240,863

1

.67‌

0

.42‌

17‌

(

0

.79‌

)

295,522

1

.66‌

0

.29‌

17‌

27

.89‌

305,518

1

.67‌

0

.55‌

15‌

5

.75‌

328,375

1

.70‌

0

.67‌

25‌

9

.46‌

499,839

1

.71‌

0

.82‌

31‌

4

.90‌

2,436,957

0

.62‌

(f)

1

.45‌

(f)

6‌

10

.05‌

2,398,869

0

.62‌

1

.46‌

17‌

0

.28‌

2,394,117

0

.61‌

1

.34‌

17‌

29

.24‌

3,103,203

0

.62‌

1

.57‌

15‌

6

.86‌

69,249

0

.64‌

1

.73‌

25‌

10

.66‌

80,768

0

.65‌

1

.88‌

31‌

4

.87‌

2,379,758

0

.67‌

(f)

1

.41‌

(f)

6‌

10

.01‌

2,392,913

0

.67‌

1

.41‌

17‌

0

.22‌

2,342,735

0

.66‌

1

.29‌

17‌

29

.15‌

2,294,045

0

.67‌

1

.54‌

15‌

6

.82‌

1,901,783

0

.70‌

1

.67‌

25‌

10

.57‌

2,072,824

0

.71‌

1

.82‌

31‌

Financial

Highlights

42

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

Global

Dividend

Growth

Class

A

1/31/24(e)

$

31.41

$

0.16

$

1.22

$

1.38

$

(

0.18

)

$

(

0.01

)

$

(

0.19

)

$

32.60

7/31/23

29.98

0.42

2.16

2.58

(

0.42

)

(

0.73

)

(

1.15

)

31.41

7/31/22

32.93

0.41

(

0.93

)

(

0.52

)

(

0.49

)

(

1.94

)

(

2.43

)

29.98

7/31/21

27.15

0.45

5.83

6.28

(

0.50

)

—

(

0.50

)

32.93

7/31/20

27.29

0.44

0.13

0.57

(

0.44

)

(

0.27

)

(

0.71

)

27.15

7/31/19

27.81

0.52

0.10

0.62

(

0.56

)

(

0.58

)

(

1.14

)

27.29

Class

C

1/31/24(e)

31.30

0.04

1.21

1.25

(

0.06

)

(

0.01

)

(

0.07

)

32.48

7/31/23

29.87

0.19

2.17

2.36

(

0.20

)

(

0.73

)

(

0.93

)

31.30

7/31/22

32.82

0.16

(

0.92

)

(

0.76

)

(

0.25

)

(

1.94

)

(

2.19

)

29.87

7/31/21

27.06

0.22

5.82

6.04

(

0.28

)

—

(

0.28

)

32.82

7/31/20

27.20

0.23

0.14

0.37

(

0.24

)

(

0.27

)

(

0.51

)

27.06

7/31/19

27.73

0.31

0.10

0.41

(

0.36

)

(

0.58

)

(

0.94

)

27.20

Class

I

1/31/24(e)

31.39

0.20

1.21

1.41

(

0.21

)

(

0.01

)

(

0.22

)

32.58

7/31/23

29.96

0.49

2.16

2.65

(

0.49

)

(

0.73

)

(

1.22

)

31.39

7/31/22

32.92

0.48

(

0.93

)

(

0.45

)

(

0.57

)

(

1.94

)

(

2.51

)

29.96

7/31/21

27.14

0.52

5.84

6.36

(

0.58

)

—

(

0.58

)

32.92

7/31/20

27.28

0.51

0.13

0.64

(

0.51

)

(

0.27

)

(

0.78

)

27.14

7/31/19

27.81

0.58

0.10

0.68

(

0.63

)

(

0.58

)

(

1.21

)

27.28

(a)

Based

on

average

shares

outstanding.

(b)

Percentage

is

not

annualized.  

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

as

further

described

in

the

Notes

to

Financial

Statements.

(e)

Unaudited.

(f)

Annualized.

See

accompanying

notes

to

financial

statements.

43

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

4

.42‌

%

$

8,608

1

.76‌

%

(f)

1

.15‌

%

(f)

1

.04‌

%

(f)

14‌

%

9

.00‌

8,849

1

.86‌

1

.15‌

1

.42‌

23‌

(

2

.02‌

)

8,082

1

.95‌

1

.14‌

1

.30‌

18‌

23

.33‌

7,242

2

.02‌

1

.15‌

1

.49‌

12‌

2

.14‌

5,888

1

.69‌

1

.15‌

1

.61‌

33‌

2

.58‌

7,444

1

.77‌

1

.15‌

1

.94‌

22‌

4

.01‌

550

2

.51‌

(f)

1

.90‌

(f)

0

.28‌

(f)

14‌

8

.21‌

617

2

.61‌

1

.90‌

0

.64‌

23‌

(

2

.78‌

)

885

2

.70‌

1

.89‌

0

.50‌

18‌

22

.43‌

1,377

2

.77‌

1

.90‌

0

.73‌

12‌

1

.32‌

1,934

2

.44‌

1

.90‌

0

.87‌

33‌

1

.81‌

2,566

2

.52‌

1

.90‌

1

.17‌

22‌

4

.55‌

9,504

1

.51‌

(f)

0

.90‌

(f)

1

.28‌

(f)

14‌

9

.28‌

10,252

1

.61‌

0

.90‌

1

.66‌

23‌

(

1

.81‌

)

10,137

1

.70‌

0

.89‌

1

.51‌

18‌

23

.64‌

11,376

1

.77‌

0

.90‌

1

.73‌

12‌

2

.37‌

11,488

1

.44‌

0

.90‌

1

.91‌

33‌

2

.84‌

12,682

1

.52‌

0

.90‌

2

.19‌

22‌

44

Financial

Highlights

(continued)

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Return

of

Capital

Total

Net

Asset

Value,

End

of

Period

International

Dividend

Growth

Class

A

1/31/24(e)

$

28.06

$

0.19

$

0.46

$

0.65

$

(

0.34

)

$

(

0.02

)

$

—

$

(

0.36

)

$

28.35

7/31/23

26.78

0.54

1.58

2.12

(

0.47

)

(

0.37

)

—

(

0.84

)

28.06

7/31/22

29.18

0.45

(

1.20

)

(

0.75

)

(

1.62

)

(

0.03

)

—

(

1.65

)

26.78

7/31/21

24.93

0.51

4.34

4.85

(

0.60

)

—

—

(

0.60

)

29.18

7/31/20

25.85

0.46

(

1.02

)

(

0.56

)

(

0.36

)

—

—

(

0.36

)

24.93

7/31/19

27.30

0.62

(

1.05

)

(

0.43

)

(

0.90

)

—

(

0.12

)

(

1.02

)

25.85

Class

C

1/31/24(e)

27.68

0.09

0.45

0.54

(

0.23

)

(

0.02

)

—

(

0.25

)

27.97

7/31/23

26.45

0.41

1.49

1.90

(

0.30

)

(

0.37

)

—

(

0.67

)

27.68

7/31/22

28.82

0.17

(

1.12

)

(

0.95

)

(

1.39

)

(

0.03

)

—

(

1.42

)

26.45

7/31/21

24.66

0.24

4.34

4.58

(

0.42

)

—

—

(

0.42

)

28.82

7/31/20

25.60

0.30

(

1.04

)

(

0.74

)

(

0.20

)

—

—

(

0.20

)

24.66

7/31/19

27.02

0.37

(

0.97

)

(

0.60

)

(

0.70

)

—

(

0.12

)

(

0.82

)

25.60

Class

I

1/31/24(e)

28.09

0.22

0.46

0.68

(

0.37

)

(

0.02

)

—

(

0.39

)

28.38

7/31/23

26.81

0.63

1.55

2.18

(

0.53

)

(

0.37

)

—

(

0.90

)

28.09

7/31/22

29.21

0.59

(

1.27

)

(

0.68

)

(

1.69

)

(

0.03

)

—

(

1.72

)

26.81

7/31/21

24.96

0.56

4.36

4.92

(

0.67

)

—

—

(

0.67

)

29.21

7/31/20

25.88

0.57

(

1.07

)

(

0.50

)

(

0.42

)

—

—

(

0.42

)

24.96

7/31/19

27.33

0.89

(

1.25

)

(

0.36

)

(

0.97

)

—

(

0.12

)

(

1.09

)

25.88

(a)

Based

on

average

shares

outstanding.

(b)

Percentage

is

not

annualized.  

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

as

further

described

in

the

Notes

to

Financial

Statements.

(e)

Unaudited.

(f)

Annualized.

See

Notes

to

Financial

Statements

45

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

2

.39‌

%

$

2,250

3

.99‌

%

(f)

1

.15‌

%

(f)

1

.41‌

%

(f)

10‌

%

8

.23‌

2,055

4

.14‌

1

.15‌

2

.08‌

20‌

(

2

.72‌

)

1,856

4

.15‌

1

.14‌

1

.57‌

20‌

19

.70‌

1,957

4

.85‌

1

.14‌

1

.89‌

18‌

(

2

.12‌

)

1,703

4

.19‌

1

.15‌

1

.82‌

49‌

(

1

.56‌

)

2,597

3

.29‌

1

.15‌

2

.39‌

101‌

2

.02‌

263

4

.75‌

(f)

1

.90‌

(f)

0

.67‌

(f)

10‌

7

.44‌

332

4

.88‌

1

.89‌

1

.56‌

20‌

(

3

.46‌

)

151

4

.90‌

1

.89‌

0

.60‌

20‌

18

.79‌

216

5

.60‌

1

.89‌

0

.91‌

18‌

(

2

.89‌

)

456

4

.94‌

1

.90‌

1

.20‌

49‌

(

2

.24‌

)

464

4

.05‌

1

.90‌

1

.43‌

101‌

2

.52‌

2,491

3

.74‌

(f)

0

.90‌

(f)

1

.65‌

(f)

10‌

8

.50‌

2,387

3

.89‌

0

.90‌

2

.39‌

20‌

(

2

.46‌

)

1,900

3

.90‌

0

.89‌

2

.09‌

20‌

19

.98‌

2,838

4

.60‌

0

.89‌

2

.09‌

18‌

(

1

.86‌

)

2,637

3

.94‌

0

.90‌

2

.28‌

49‌

(

1

.30‌

)

1,962

3

.05‌

0

.90‌

3

.40‌

101‌

46

Financial

Highlights

(continued)

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

International

Small

Cap

Class

A

1/31/24(e)

$

21.80

$

0.09

$

(

0.73

)

$

(

0.64

)

$

(

0.32

)

$

—

$

(

0.32

)

$

20.84

7/31/23

20.59

0.26

0.95

1.21

—

—

—

21.80

7/31/22

26.57

0.33

(

4.94

)

(

4.61

)

(

0.53

)

(

0.84

)

(

1.37

)

20.59

7/31/21

19.80

0.25

6.77

7.02

(

0.25

)

—

(

0.25

)

26.57

7/31/20

20.48

0.19

(

0.42

)

(

0.23

)

(

0.45

)

—

(

0.45

)

19.80

7/31/19

20.17

0.34

0.02

0.36

(

0.05

)

—

(

0.05

)

20.48

Class

C

1/31/24(e)

21.23

0.01

(

0.72

)

(

0.71

)

(

0.16

)

—

(

0.16

)

20.36

7/31/23

20.19

0.13

0.91

1.04

—

—

—

21.23

7/31/22

26.28

0.05

(

4.77

)

(

4.72

)

(

0.53

)

(

0.84

)

(

1.37

)

20.19

7/31/21

19.60

0.07

6.71

6.78

(

0.10

)

—

(

0.10

)

26.28

7/31/20

20.28

0.04

(

0.43

)

(

0.39

)

(

0.29

)

—

(

0.29

)

19.60

7/31/19

20.07

0.17

0.04

0.21

—

—

—

20.28

Class

R6

1/31/24(e)

21.95

0.13

(

0.74

)

(

0.61

)

(

0.38

)

—

(

0.38

)

20.96

7/31/23

20.69

0.34

0.96

1.30

(

0.04

)

—

(

0.04

)

21.95

7/31/22

26.62

0.31

(

4.86

)

(

4.55

)

(

0.54

)

(

0.84

)

(

1.38

)

20.69

7/31/21

19.84

0.32

6.77

7.09

(

0.31

)

—

(

0.31

)

26.62

7/31/20

20.50

0.25

(

0.41

)

(

0.16

)

(

0.50

)

—

(

0.50

)

19.84

7/31/19

20.20

0.41

(

0.01

)

0.40

(

0.10

)

—

(

0.10

)

20.50

Class

I

1/31/24(e)

21.92

0.12

(

0.74

)

(

0.62

)

(

0.37

)

—

(

0.37

)

20.93

7/31/23

20.67

0.32

0.95

1.27

(

0.02

)

—

(

0.02

)

21.92

7/31/22

26.61

0.33

(

4.89

)

(

4.56

)

(

0.54

)

(

0.84

)

(

1.38

)

20.67

7/31/21

19.83

0.31

6.77

7.08

(

0.30

)

—

(

0.30

)

26.61

7/31/20

20.50

0.25

(

0.42

)

(

0.17

)

(

0.50

)

—

(

0.50

)

19.83

7/31/19

20.20

0.42

(

0.02

)

0.40

(

0.10

)

—

(

0.10

)

20.50

(a)

Based

on

average

shares

outstanding.

(b)

Percentage

is

not

annualized.  

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

as

further

described

in

the

Notes

to

Financial

Statements.

(e)

Unaudited.

(f)

Annualized.

See

Notes

to

Financial

Statements

47

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

(

3

.01‌

)

%

$

1,204

1

.62‌

%

(f)

1

.20‌

%

(f)

0

.85‌

%

(f)

23‌

%

5

.93‌

1,222

1

.67‌

1

.19‌

1

.28‌

58‌

(

18

.19‌

)

2,299

1

.51‌

1

.19‌

1

.44‌

61‌

35

.64‌

767

1

.45‌

1

.20‌

1

.07‌

72‌

(

1

.35‌

)

459

1

.64‌

1

.20‌

0

.97‌

43‌

1

.83‌

471

1

.73‌

1

.20‌

1

.72‌

26‌

(

3

.39‌

)

53

2

.37‌

(f)

1

.95‌

(f)

0

.10‌

(f)

23‌

5

.15‌

55

2

.42‌

1

.94‌

0

.65‌

58‌

(

18

.81‌

)

27

2

.26‌

1

.94‌

0

.23‌

61‌

34

.65‌

50

2

.20‌

1

.94‌

0

.29‌

72‌

(

2

.07‌

)

25

2

.39‌

1

.94‌

0

.22‌

43‌

1

.05‌

25

2

.49‌

1

.95‌

0

.88‌

26‌

(

2

.83‌

)

41,273

1

.25‌

(f)

0

.83‌

(f)

1

.22‌

(f)

23‌

6

.28‌

42,616

1

.33‌

0

.85‌

1

.70‌

58‌

(

17

.92‌

)

33,031

1

.19‌

0

.87‌

1

.30‌

61‌

35

.98‌

42,406

1

.17‌

0

.91‌

1

.36‌

72‌

(

1

.01‌

)

31,637

1

.35‌

0

.90‌

1

.26‌

43‌

2

.07‌

32,539

1

.45‌

0

.92‌

2

.11‌

26‌

(

2

.90‌

)

22,024

1

.37‌

(f)

0

.95‌

(f)

1

.14‌

(f)

23‌

6

.16‌

26,036

1

.42‌

0

.94‌

1

.57‌

58‌

(

17

.96‌

)

24,699

1

.26‌

0

.94‌

1

.43‌

61‌

35

.94‌

15,836

1

.20‌

0

.95‌

1

.33‌

72‌

(

1

.07‌

)

11,401

1

.39‌

0

.95‌

1

.24‌

43‌

2

.07‌

10,649

1

.48‌

0

.95‌

2

.14‌

26‌

Financial

Highlights

48

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

Winslow

Large-Cap

Growth

ESG

Class

A

1/31/24(e)

$

47.53

$

(0.07)

$

7.42

$

7.35

$

—

$

(2.87)

$

(2.87)

$

52.01

7/31/23

44.38

(0.09)

6.73

6.64

—

(3.49)

(3.49)

47.53

7/31/22

60.52

(0.22)

(10.03)

(10.25)

—

(5.89)

(5.89)

44.38

7/31/21

46.78

(0.25)

16.90

16.65

—

(2.91)

(2.91)

60.52

7/31/20

39.94

(0.11)

10.46

10.35

—

(3.51)

(3.51)

46.78

7/31/19

43.15

(0.08)

3.11

3.03

—

(6.24)

(6.24)

39.94

Class

C

1/31/24(e)

37.13

(0.19)

5.73

5.54

—

(2.87)

(2.87)

39.80

7/31/23

35.74

(0.31)

5.19

4.88

—

(3.49)

(3.49)

37.13

7/31/22

50.17

(0.51)

(8.03)

(8.54)

—

(5.89)

(5.89)

35.74

7/31/21

39.51

(0.54)

14.11

13.57

—

(2.91)

(2.91)

50.17

7/31/20

34.50

(0.35)

8.87

8.52

—

(3.51)

(3.51)

39.51

7/31/19

38.48

(0.32)

2.58

2.26

—

(6.24)

(6.24)

34.50

Class

R6

1/31/24(e)

51.97

0.02

8.15

8.17

—

(2.87)

(2.87)

57.27

7/31/23

47.98

0.08

7.40

7.48

—

(3.49)

(3.49)

51.97

7/31/22

64.78

(0.05)

(10.86)

(10.91)

—

(5.89)

(5.89)

47.98

7/31/21

49.70

(0.02)

18.01

17.99

—

(2.91)

(2.91)

64.78

7/31/20

42.14

0.09

11.09

11.18

(0.11)

(3.51)

(3.62)

49.70

7/31/19

45.00

0.09

3.31

3.40

(0.02)

(6.24)

(6.26)

42.14

Class

I

1/31/24(e)

50.62

(0.01)

7.92

7.91

—

(2.87)

(2.87)

55.66

7/31/23

46.90

0.02

7.19

7.21

—

(3.49)

(3.49)

50.62

7/31/22

63.50

(0.09)

(10.62)

(10.71)

—

(5.89)

(5.89)

46.90

7/31/21

48.84

(0.09)

17.66

17.57

—

(2.91)

(2.91)

63.50

7/31/20

41.48

—

10.90

10.90

(0.03)

(3.51)

(3.54)

48.84

7/31/19

44.47

0.02

3.25

3.27

(0.02)

(6.24)

(6.26)

41.48

(a)

Based

on

average

shares

outstanding.

(b)

Percentage

is

not

annualized.  

(c)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

as

further

described

in

the

Notes

to

Financial

Statements.

(e)

Unaudited.

(f)

Annualized.

(g)

Value

rounded

to

zero.

See

Notes

to

Financial

Statements.

49

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

15.80‌

%

$

207,842

1.10‌

%

(f)

0.91‌

%

(f)

(0.30‌)

%

(f)

16‌

%

17.09‌

186,017

1.11‌

0.91‌

(0.21‌)

74‌

(19.30‌)

174,142

1.08‌

0.90‌

(0.42‌)

69‌

36.98‌

180,291

1.14‌

0.91‌

(0.47‌)

67‌

27.68‌

35,663

1.20‌

0.98‌

(0.27‌)

59‌

10.59‌

20,564

1.16‌

0.98‌

(0.19‌)

70‌

15.35‌

11,225

1.85‌

(f)

1.66‌

(f)

(1.05‌)

(f)

16‌

16.24‌

11,710

1.86‌

1.66‌

(0.96‌)

74‌

(19.90‌)

15,269

1.83‌

1.65‌

(1.17‌)

69‌

35.92‌

24,604

1.89‌

1.66‌

(1.21‌)

67‌

26.72‌

7,154

1.95‌

1.73‌

(1.03‌)

59‌

9.78‌

3,256

1.90‌

1.73‌

(0.96‌)

70‌

16.01‌

123,266

0.71‌

(f)

0.52‌

(f)

0.09‌

(f)

16‌

17.58‌

97,947

0.71‌

0.51‌

0.18‌

74‌

(19.04‌)

76,592

0.74‌

0.56‌

(0.08‌)

69‌

37.52‌

109,867

0.76‌

0.54‌

(0.03‌)

67‌

28.27‌

92,220

0.74‌

0.52‌

0.22‌

59‌

11.07‌

97,922

0.74‌

0.57‌

0.21‌

70‌

15.95‌

504,311

0.85‌

(f)

0.66‌

(f)

(0.05‌)

(f)

16‌

17.40‌

468,620

0.86‌

0.66‌

0.04‌

74‌

(19.10‌)

420,440

0.83‌

0.65‌

(0.17‌)

69‌

37.30‌

568,579

0.90‌

0.69‌

(0.17‌)

67‌

28.02‌

733,217

0.95‌

0.73‌

—‌(g)

59‌

10.88‌

613,680

0.91‌

0.73‌

0.06‌

70‌

50

Notes

to

Financial

Statements

(Unaudited)

1.

General

Information 

Trust

and

Fund

Information:

The

Nuveen

Investment

Trust

II

(the

“Trust”)

is

an

open-end

management

investment

company

registered

under

the

Investment

Company

Act

of

1940

(the

“1940

Act”),

as

amended.

The

Trust

is

comprised

of

Nuveen

Dividend

Growth

Fund,

("Dividend

Growth"),

Nuveen

Global

Dividend

Growth

Fund

(“Global

Dividend

Growth”),

Nuveen

International

Dividend

Growth

Fund

(“International

Dividend

Growth”),

Nuveen

International

Small

Cap

Fund

(“International

Small

Cap”)

and

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

(“Winslow

Large-Cap

Growth

ESG”)

(each

a

“Fund”

and

collectively

the

“Funds”),

as

diversified

funds,

among

others.

The

Trust

was

organized

as

a

Massachusetts

business

trust

on

June

27,

1997.

Current

Fiscal

Period:

The

end

of

the

reporting

period

for

the

Funds

is

January

31,

2024,

and

the

period

covered

by

these

Notes

to

Financial

Statements

is

the

six

months

ended

January

31,

2024

(the

"current

fiscal

period").

Investment

Adviser

and

Sub-Adviser:

The

Funds’

investment

adviser,

Nuveen

Fund

Advisors,

LLC

(the

“Adviser”),

a

subsidiary

of

Nuveen,

LLC

(“Nuveen”).

Nuveen

is

the

investment

management

arm

of

Teachers

Insurance

and

Annuity

Association

of

America

(TIAA).

The

Adviser

has

overall

responsibility

for

management

of

the

Funds,

oversees

the

management

of

the

Funds’

portfolios,

manages

the

Funds’

business

affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

if

necessary,

asset

allocation

decisions.

The

Adviser

has

entered

into

a

sub-

advisory

agreement

with

Nuveen

Asset

Management,

LLC

(“NAM”),

a

subsidiary

of

the

Adviser

and

Winslow

Capital

Management,

LLC,

(each

a

"Sub-Adviser"

and

collectively

the

"Sub-Advisers").

NAM

manages

the

investment

portfolios

of

Dividend

Growth,

Global

Dividend

Growth,

International

Dividend

Growth

and

International

Small

Cap

while

Winslow

Capital

Management,

LLC

manages

the

portfolio

of

Winslow

Large-Cap

Growth

ESG.

Share

Classes

and

Sales

Charges:

Class

A

Shares

are

generally

sold

with

an

up-front

sales

charge.

Class

A

Share

purchases

of

$1

million

or

more

are

sold

at

net

asset

value

(“NAV”)

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(“CDSC”)

of

1%

if

redeemed

within

eighteen

months

of

purchase.

Class

C

Shares

are

sold

without

an

up-front

sales

charge

but

are

subject

to

a

CDSC

of

1%

if

redeemed

within

twelve

months

of

purchase.

Class

C

Shares

automatically

convert

to

Class

A

Shares

eight

years

after

purchase.

Class

R6

Shares

and

Class

I

Shares

are

sold

without

an

upfront

sales

charge.

2.

Significant

Accounting

Policies

The

accompanying

financial

statements

were

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(“U.S.

GAAP”),

which

may

require

the

use

of

estimates

made

by

management

and

the

evaluation

of

subsequent

events.

Actual

results

may

differ

from

those

estimates.

Each

Fund

is

an

investment

company

and

follows

accounting

guidance

in

the

Financial

Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

946,

Financial

Services

—

Investment

Companies.

The

NAV

for

financial

reporting

purposes

may

differ

from

the

NAV

for

processing

security

and shareholder

transactions.

The

NAV

for

financial

reporting

purposes

includes

security

and

common

share

transactions

through

the

date

of

the

report.

Total

return

is

computed

based

on

the

NAV

used

for

processing

security

and

common

share

transactions.

The

following

is

a

summary

of

the

significant

accounting

policies

consistently

followed

by

the

Funds.

Compensation:

The Trust

pays

no

compensation

directly

to

those

of

its officers,

all

of

whom

receive

remuneration

for

their

services

to the

Trust

from

the

Adviser

or

its

affiliates.

The

Funds'

Board

of Trustees

(the

"Board") has

adopted

a

deferred

compensation

plan

for

independent

trustees

that

enables

trustees

to

elect

to

defer

receipt

of

all

or

a

portion

of

the

annual

compensation

they

are

entitled

to

receive

from

certain

Nuveen-advised

funds.

Under

the

plan,

deferred

amounts

are

treated

as

though

equal

dollar

amounts

had

been

invested

in

shares

of

select

Nuveen-advised

funds.

Distributions

to

Shareholders:

Distributions

to

shareholders

are

recorded

on

the

ex-dividend

date.

The

amount,

character

and

timing

of

distributions

are

determined

in

accordance

with

federal

income

tax

regulations,

which

may

differ

from

U.S.

GAAP.

Foreign

Currency

Transactions

and

Translation:

The

books

and

records

of

the

Funds

are

maintained

in

U.S.

dollars.

Assets,

including

investments,

and

liabilities

denominated

in

foreign

currencies

are

translated

into

U.S.

dollars

at

the

end

of

each

day.

Purchases

and

sales

of

securities,

income

and

expenses

are

translated

into

U.S.

dollars

at

the

prevailing

exchange

rate

on

the

respective

dates

of

the

transactions.

Net

realized

foreign

currency

gains

and

losses

resulting

from

changes

in

exchange

rates

associated

with

(i)

foreign

currency,

(ii)

investments

and

(iii)

derivatives

include

foreign

currency

gains

and

losses

between

trade

date

and

settlement

date

of

the

transactions,

foreign

currency

transactions,

and

the

difference

between

the

amounts

of

interest

and

dividends

recorded

on

the

books

of

the

Funds

and

the

amounts

actually

received

are

recognized

as

a

component

of

“Net

realized

gain

(loss)

from

foreign

currency

transactions”

on

the

Statement

of

Operations,

when

applicable.

The

unrealized

gains

and

losses

resulting

from

changes

in

foreign

currency

exchange

rates

and

changes

in

foreign

exchange

rates

associated

with

(i)

investments

and

(ii)

other

assets

and

liabilities

are

recognized

as

a

component

of

“Change

in

unrealized

appreciation

(depreciation)

on foreign

currency

translations”

on

the

Statement

of

Operations,

when

applicable.

The

unrealized

gains

and

losses

resulting

from

changes

in

foreign

exchange

rates

associated

with

investments

in

derivatives

are

recognized

as

a

component

of

the

respective

derivative’s

related

“Change

in

unrealized

appreciation

(depreciation)”

on

the

Statement

of

Operations,

when

applicable.

As

of

the

end

of

the

reporting

period,

the

following

Funds'

investments

in

non-U.S.

securities

were

as

follows:

51

Foreign

Taxes:

The

Funds

may

be

subject

to

foreign

taxes

on

income,

gains

on

investments

or

foreign

currency

repatriation,

a

portion

of

which

may

be

recoverable.

The

Funds

will

accrue

such

taxes

and

recoveries

as

applicable,

based

upon

the

current

interpretation

of

tax

rules

and

regulations

that

exist

in

the

markets

in

which

the

Funds

invest.

Indemnifications:

Under

the

Trust’s

organizational

documents,

its

officers

and

trustees

are

indemnified

against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to

the

Trust.

In

addition,

in

the

normal

course

of

business,

the

Trust

enters

into

contracts

that

provide

general

indemnifications

to

other

parties.

The

Trust’s

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against

the

Trust

that

have

not

yet

occurred.

However,

the

Trust

has

not

had

prior

claims

or

losses

pursuant

to

these

contracts

and

expects

the

risk

of

loss

to

be

remote.

Investments

and

Investment

Income:

Securities

transactions

are

accounted

for

as

of

the

trade

date

for

financial

reporting

purposes.

Realized

gains

and

losses

on

securities

transactions

are

based

upon

the

specific

identification

method.

Dividend

income

is

recorded

on

the

ex-dividend

date

or,

for

certain

foreign

securities,

when

information

is

available.

Non-cash

dividends

received

in

the

form

of

stock,

if

any,

are

recognized

on

the

ex-dividend

date

and

recorded

at

fair

value.

Interest

income

is

recorded

on

an

accrual

basis

and

includes

accretion

of

discount

and

amortization

of

premiums

for

financial

reporting

purposes.

Securities

lending

income

is

comprised

of

fees

earned

from

borrowers

and

income

earned

on

cash

collateral

investments.

Multiclass

Operations

and

Allocations:

Income

and

expenses

of

the

Funds

that

are

not

directly

attributable

to

a

specific

class

of

shares

are

prorated

among

the

classes

based

on

the

relative

net

assets

of

each

class.

Expenses

directly

attributable

to

a

class

of

shares

are

recorded

to

the

specific

class.

12b-1

distribution

and

service

fees

are

allocated

on

a

class-specific

basis.

Global

Dividend

Growth

Value

%

of

Net

Assets

Country:

France

$

1,125,654

6.0

%

Japan

1,033,227

5.5

United

Kingdom

881,994

4.7

Canada

603,209

3.2

Germany

491,847

2.6

Denmark

474,820

2.6

Taiwan

458,844

2.5

Australia

427,421

2.3

Switzerland

347,202

1.9

Other

336,626

1.8

Total

non-U.S.

Securities

$6,180,844

33.1%

International

Dividend

Growth

Value

%

of

Net

Assets

Country:

United

Kingdom

$

889,632

17.8

%

Japan

688,012

13.8

Canada

571,915

11.4

France

508,552

10.2

Denmark

256,385

5.1

Germany

198,887

4.0

Jordan

197,445

3.9

Hong

Kong

192,091

3.8

Taiwan

186,158

3.7

Other

616,323

12.3

Total

non-U.S.

Securities

$4,305,400

86.0%

International

Small

Cap

Value

%

of

Net

Assets

Country:

Japan

$

17,809,969

27.6

%

United

Kingdom

11,837,753

18.3

Canada

7,428,675

11.5

Australia

4,327,003

6.7

France

4,072,272

6.3

Germany

3,402,697

5.3

Switzerland

2,426,374

3.8

Norway

1,683,715

2.6

Netherlands

1,651,186

2.5

Other

7,356,942

11.4

Total

non-U.S.

Securities

$61,996,586

96.0%

52

Notes

to

Financial

Statements

(Unaudited)

(continued)

Sub-transfer

agent

fees

and

similar

fees,

which

are

recognized

as

a

component

of

“Shareholder

servicing

agent

fees”

on

the

Statement

of

Operations,

are

not

charged

to

Class

R6

Shares

and

are

prorated

among

the

other

classes

based

on

their

relative

net

assets.

Realized

and

unrealized

capital

gains

and

losses

of

the

Funds

are

prorated

among

the

classes

based

on

the

relative

net

assets

of

each

class.

Netting

Agreements:

In

the

ordinary

course

of

business,

the

Funds

may

enter

into

transactions

subject

to

enforceable

master

repurchase

agreements,

International

Swaps

and

Derivatives

Association,

Inc.

(ISDA)

master

agreements

or

other

similar

arrangements

(“netting

agreements”).

Generally,

the

right

to

offset

in

netting

agreements

allows

each

Fund

to

offset

certain

securities

and

derivatives

with

a

specific

counterparty,

when

applicable,

as

well

as

any

collateral

received

or

delivered

to

that

counterparty

based

on

the

terms

of

the

agreements.

Generally,

each

Fund

manages

its

cash

collateral

and

securities

collateral

on

a

counterparty

basis.

With

respect

to

certain

counterparties,

in

accordance

with

the

terms

of

the

netting

agreements,

collateral

posted

to

the

Funds

is

held

in

a

segregated

account

by

the

Funds’

custodian

and/or

with

respect

to

those

amounts

which

can

be

sold

or

repledged,

are

presented

in

the

Funds’

Portfolio

of

Investments

or

Statement

of

Assets

and

Liabilities.

The

Funds’

investments

subject

to

netting

agreements

as

of

the

end

of

the

reporting

period,

if

any,

are

further

described

later

in

these

Notes

to

Financial

Statements.

New

Accounting

Pronouncement:

In

June

2022,

the

FASB

issued

ASU

2022-03

to

clarify

the

guidance

in

Topic

820,

Fair

Value

Measurement

("Topic

820").

The

amendments

in

ASU

2022-03

affect

all

entities

that

have

investments

in

equity

securities

measured

at

fair

value

that

are

subject

to

a

contractual

sale

restriction.

ASU

2022-03

(1)

clarifies

the

guidance

in

Topic

820,

when

measuring

the

fair

value

of

an

equity

security

subject

to

contractual

restrictions

that

prohibit

the

sale

of

equity

security,

(2)

amends

a

related

illustrative

example,

and

(3)

introduces

new

disclosure

requirements

for

equity

securities

subject

to

contractual

sale

restrictions

that

are

measured

at

fair

value

in

accordance

with

Topic

820.

For

public

business

entities,

the

amendments

in

ASU

2022-03

are

effective

for

fiscal

years

beginning

after

December

15,

2023,

and

interim

periods

within

those

fiscal

years.

For

all

other

entities,

the

amendments

are

effective

for

fiscal

years

beginning

after

December

15,

2024,

and

interim

periods

within

those

fiscal

years.

Early

adoption

is

permitted

for

both

interim

and

annual

financial

statements

that

have

not

yet

been

issued

or

made

available

for

issuance.

During

the

current

fiscal

period,

the

Funds

adopted

the

new

guidance

and

there

was

no

material

impact

to

the

Funds.

3.

Investment

Valuation

and

Fair

Value

Measurements 

The

Funds’

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Adviser,

subject

to

oversight

of

the Board.

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).

A

description

of

the

valuation

techniques

applied

to

the

Funds’

major

classifications

of

assets

and

liabilities

measured

at

fair

value

follows:

Equity

securities

and

exchange-traded

funds

listed

or

traded

on

a

national

market

or

exchange

are

valued

based

on

their

last

reported sales

price

or

official

closing

price of such

market

or

exchange

on

the

valuation

date.

Foreign

equity

securities

and

registered

investment

companies

that

trade

on

a

foreign

exchange

are

valued

at

the

last

reported sales

price

or

official

closing

price

on

the

principal

exchange

where

traded,

and

converted

to

U.S.

dollars

at

the

prevailing

rates

of

exchange

on

the valuation

date.

For

events affecting

the value

of

foreign

securities

between

the

time

when

the

exchange

on

which

they

are

traded

closes

and

the

time

when

the

Funds'

net

assets

are

calculated,

such

securities

will

be

valued

at

fair

value

in

accordance

with

procedures

adopted

by

the

Adviser,

subject

to

the

oversight

of

the

Board. To

the

extent

these

securities

are

actively

traded

and

no

valuation

adjustments

are

applied,

they

are

generally

classified

as

Level

1. When

valuation

adjustments

are

applied

to

the

most

recent

last

sales

price

or

official

closing

price, these

securities

are

generally

classified

as

Level

2.

Prices

of

certain

American

Depositary

Receipts

(“ADR”)

held

by

the

Funds

that

trade

in

the

United

States

are

valued

based

on

the

last

traded

price,

official

closing

price,

or

an

evaluated

price

provided

by

the

pricing

services and

are

generally

classified

as

Level

1

or

2.

Repurchase

agreements

are

valued

at

contract

amount

plus

accrued

interest,

which

approximates

market

value.

These

securities

are

generally

classified

as

Level

2.

Investments

in

investment

companies

are

valued

at

their

respective

NAVs

or

share

price on

the

valuation

date

and

are

generally

classified

as

Level

1. 

For

any

portfolio

security

or

derivative

for

which

market

quotations

are

not

readily

available

or

for

which

the

Adviser

deems

the

valuations

derived

using

the

valuation

procedures

described

above

not

to

reflect

fair

value,

the

Adviser

will

determine

a

fair

value

in

good

faith

using

alternative

procedures

approved

by

the

Adviser,

subject

to

the

oversight

of

the

Board.

As

a

general

principle,

the

fair

value

of

a

security

is

the

amount

that

the

owner

might

reasonably

expect

to

receive

for

it

in

a

current

sale.

A

variety

of

factors

may

be

considered

in

determining

the

fair

value

of

such

securities,

which

may

include

consideration

of

the

following:

yields

or

prices

of

investments

of

comparable

quality,

type

of

issue,

coupon,

maturity

53

and

rating,

market

quotes

or

indications

of

value

from

security

dealers,

evaluations

of

anticipated

cash

flows

or

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

To

the

extent

the

inputs

are

observable

and

timely,

the

values

would

be

classified

as

Level

2;

otherwise

they

would

be

classified

as

Level

3.

The

following

table

summarizes

the

market

value

of

the

Funds’

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

4.

Portfolio

Securities

Repurchase

Agreements:

In

connection

with

transactions

in

repurchase

agreements,

it

is

each

Fund's

policy

that

its

custodian

take

possession

of

the

underlying

collateral

securities,

the

fair

value

of

which

exceeds

the

principal

amount

of

the

repurchase

transaction,

including

accrued

interest,

at

all

times.

If

the

counterparty

defaults,

and

the

fair

value

of

the

collateral

declines,

realization

of

the

collateral

may

be

delayed

or

limited.

The

following

table

presents

the

repurchase

agreements

for

the

Funds

that

are

subject

to

netting

agreements

as

of

the

end

of

the

reporting

period,

and

the

collateral

delivered

related

to

those

repurchase

agreements.

Dividend

Growth

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

5,949,478,528

$

–

$

–

$

5,949,478,528

Short-Term

Investments:

Repurchase

Agreements

–

93,533,386

–

93,533,386

Total

$

5,949,478,528

$

93,533,386

$

–

$

6,043,011,914

Global

Dividend

Growth

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

12,403,709

$

6,120,479

$

–

$

18,524,188

Investments

Purchased

with

Collateral

from

Securities

Lending

336,526

–

–

336,526

Short-Term

Investments:

Repurchase

Agreements

–

150,000

–

150,000

Total

$

12,740,235

$

6,270,479

$

–

$

19,010,714

International

Dividend

Growth

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

1,067,679

$

3,857,811

$

–

$

4,925,490

Investments

Purchased

with

Collateral

from

Securities

Lending

157,747

–

–

157,747

Short-Term

Investments:

Repurchase

Agreements

–

70,000

–

70,000

Total

$

1,225,426

$

3,927,811

$

–

$

5,153,237

International

Small

Cap

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

12,313,356

$

51,207,075

$

–

$

63,520,431

Investments

Purchased

with

Collateral

from

Securities

Lending

1,738,328

–

–

1,738,328

Short-Term

Investments:

Repurchase

Agreements

–

570,000

–

570,000

Total

$

14,051,684

$

51,777,075

$

–

$

65,828,759

Winslow

Large-Cap

Growth

ESG

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Common

Stocks

$

822,679,109

$

–

$

–

$

822,679,109

Short-Term

Investments:

Repurchase

Agreements

–

8,557,263

–

8,557,263

Total

$

822,679,109

$

8,557,263

$

–

$

831,236,372

54

Notes

to

Financial

Statements

(Unaudited)

(continued)

Securities

Lending:

The

Funds

may

lend

securities

representing

up

to

one-third

of

the

value

of

its

total

assets

to

broker-dealers,

banks,

and

other

institutions

in

order

to

generate

additional

income.

When

loaning

securities,

the

Funds

retain

the

benefits

of

owning

the

securities,

including

the

economic

equivalent

of

dividends

or

interest

generated

by

the

security.

The

loans

are

continuous,

can

be

recalled

at

any

time,

and

have

no

set

maturity.

The

Funds’

custodian,

State

Street

Bank

and

Trust

Company,

serves

as

the

securities

lending

agent

(the

“Agent”).

When

a

Fund

loans

its

portfolio

securities,

it

will

receive,

at

the

inception

of

each

loan,

cash

collateral

equal

to

an

amount

not

less

than

100%

of

the

market

value

of

the

loaned

securities.

The

actual

percentage

of

the

cash

collateral

will

vary

depending

upon

the

asset

type

of

the

loaned

securities.

Collateral

for

the

loaned

securities

is

invested

in

a

government

money

market

vehicle

maintained

by

the

Agent,

which

is

subject

to

the

requirements

of

Rule

2a-7

under

the

1940

Act.

The

value

of

the

loaned

securities

and

the

liability

to

return

the

cash

collateral

received

are

recognized

on

the

Statement

of

Assets

and

Liabilities.

If

the

market

value

of

the

loaned

securities

increases,

the

borrower

must

furnish

additional

collateral

to

the

Fund,

which

is

also

recognized

on

the

Statement

of

Assets

and

Liabilities.

Securities

out

on

loan

are

subject

to

termination

at

any

time

at

the

option

of

the

borrower

or

the

Fund.

Upon

termination,

the

borrower

is

required

to

return

to

the

Fund

securities

identical

to

the

securities

loaned.

During

the

term

of

the

loan,

the

Fund

bears

the

market

risk

with

respect

to

the

investment

of

collateral

and

the

risk

that

the

Agent

may

default

on

its

contractual

obligations

to

the

Fund.

The

Agent

bears

the

risk

that

the

borrower

may

default

on

its

obligation

to

return

the

loaned

securities

as

the

Agent

is

contractually

obligated

to

indemnify

the

Fund

if

at

the

time

of

a

default

by

a

borrower

some

or

all

of

the

loan

securities

have

not

been

returned.

Securities

lending

income

recognized

by

a

Fund

consists

of

earnings

on

invested

collateral

and

lending

fees,

net

of

any

rebates

to

the

borrower

and

compensation

to

the

Agent.

Such

income

is

recognized

on

the

Statement

of

Operations.

As

of

the

end

of

the

current

reporting

period,

the

total

value

of

the

loaned

securities

and

the

total

value

of

collateral

received

were

as

follows:

Purchases

and

Sales:

Long-term

purchases

and

sales during

the

current fiscal

period

were

as

follows:

The

Funds

may

purchase

securities

on

a

when-issued

or

delayed-delivery

basis.

Securities

purchased

on

a

when-issued

or

delayed-delivery

basis

may

have

extended

settlement

periods;

interest

income

is

not

accrued

until

settlement

date.

Any

securities

so

purchased

are

subject

to

market

fluctuation

during

this

period. If

a

Fund

has

outstanding

when-issued/delayed-delivery

purchases

commitments

as

of

the

end

of

the

reporting

period,

such

amounts

are

recognized

on

the

Statement

of

Assets

and

Liabilities.

5.

Derivative

Investments

Each

Fund

is

authorized

to

invest

in

certain

derivative

instruments.

As

defined

by

U.S.

GAAP,

a

derivative

is

a

financial

instrument

whose

value

is

derived

from

an

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

of

prices

or

rates,

or

other

variables.

Investments

in

derivatives

as

of

the

end

of

and/or

during

the

current

fiscal

period,

if

any,

are

included

within

the

Statement

of

Assets

and

Liabilities

and

the

Statement

of

Operations,

respectively.

Market

and

Counterparty

Credit

Risk:

In

the

normal

course

of

business

each

Fund

may

invest

in

financial

instruments

and

enter

into

financial

transactions

where

risk

of

potential

loss

exists

due

to

changes

in

the

market

(market

risk)

or

failure

of

the

other

party

to

the

transaction

to

perform

(counterparty

credit

risk).

The

potential

loss

could

exceed

the

value

of

the

financial

assets

recorded

on

the

financial

statements.

Financial

assets,

Fund

Counterparty

Short-term

Investments,

at

Value

Collateral

Pledged

(From)

Counterparty

Dividend

Growth

Fixed

Income

Clearing

Corporation

$93,533,386

$(95,404,190)

Global

Dividend

Growth

Fixed

Income

Clearing

Corporation

150,000

(153,044)

International

Dividend

Growth

Fixed

Income

Clearing

Corporation

70,000

(71,445)

International

Small

Cap

Fixed

Income

Clearing

Corporation

570,000

(581,435)

Winslow

Large-Cap

Growth

ESG

Fixed

Income

Clearing

Corporation

8,557,263

(8,728,465)

Fund

Asset

Class

out

on

Loan

Long-Term

Investments,

at

Value

Total

Collateral

Received

Global

Dividend

Growth

Common

Stock

$336,526

$316,640

International

Dividend

Growth

Common

Stock

157,747

148,347

International

Small

Cap

Common

Stock

1,738,328

1,604,499

Fund

Non-U.S.

Government

Purchases

Non-U.S.

Government

Sales

Dividend

Growth

$

329,711,688

$

535,398,841

Global

Dividend

Growth

2,570,782

3,817,891

International

Dividend

Growth

597,032

475,067

International

Small

Cap

14,495,681

16,953,855

Winslow

Large-Cap

Growth

ESG

125,508,241

180,315,558

55

which

potentially

expose

each

Fund

to

counterparty

credit

risk,

consist

principally

of

cash

due

from

counterparties

on

forward,

option

and

swap

transactions,

when

applicable.

The

extent

of

each

Fund’s

exposure

to

counterparty

credit

risk

in

respect

to

these

financial

assets

approximates

their

carrying

value

as

recorded

on

the

Statement

of

Assets

and

Liabilities.

Each

Fund

helps

manage

counterparty

credit

risk

by

entering

into

agreements

only

with

counterparties

the

Adviser

believes

have

the

financial

resources

to

honor

their

obligations

and

by

having

the

Adviser

monitor

the

financial

stability

of

the

counterparties.

Additionally,

counterparties

may

be

required

to

pledge

collateral

daily

(based

on

the

daily

valuation

of

the

financial

asset)

on

behalf

of

each

Fund

with

a

value

approximately

equal

to

the

amount

of

any

unrealized

gain

above

a

pre-determined

threshold.

Reciprocally,

when

each

Fund

has

an

unrealized

loss,

the

Funds

have

instructed

the

custodian

to

pledge

assets

of

the

Funds

as

collateral

with

a

value

approximately

equal

to

the

amount

of

the

unrealized

loss

above

a

pre-determined

threshold.

Collateral

pledges

are

monitored

and

subsequently

adjusted

if

and

when

the

valuations

fluctuate,

either

up

or

down,

by

at

least

the

pre-determined

threshold

amount.

6.

Fund

Shares

Transactions

in Fund

shares

during

the

current

and

prior

fiscal

period

were

as

follows:

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

Dividend

Growth

Shares

Amount

Shares

Amount

Subscriptions:

Class

A

1,388,475

$74,923,901

2,508,819

$126,992,387

Class

A

-

automatic

conversion

of

Class

C

28

1,465

2,800

144,487

Class

C

181,545

9,817,745

361,664

18,343,706

Class

R6

1,926,084

102,024,402

7,621,911

387,693,932

Class

I

2,464,329

132,217,646

5,959,749

301,795,950

Total

subscriptions

5,960,461

318,985,159

16,454,943

834,970,462

Reinvestments

of

distributions:

Class

A

272,503

14,987,312

421,588

21,185,231

Class

C

50,211

2,772,819

98,771

4,973,001

Class

R6

1,020,565

56,588,263

1,563,033

79,211,090

Class

I

662,107

36,303,262

1,050,720

52,677,441

Total

reinvestments

of

distributions

2,005,386

110,651,656

3,134,112

158,046,763

Redemptions:

Class

A

(1,355,495)

(72,343,140)

(3,150,226)

(159,817,481)

Class

C

(925,276)

(49,420,858)

(1,784,684)

(90,466,684)

Class

C

-

automatic

conversion

to

Class

A

(28)

(1,465)

(2,801)

(144,487)

Class

R6

(3,300,574)

(176,811,986)

(11,723,057)

(608,137,856)

Class

I

(4,389,998)

(234,190,634)

(8,677,415)

(438,932,005)

Total

redemptions

(9,971,371)

(532,768,083)

(25,338,183)

(1,297,498,513)

Net

increase

(decrease)

(2,005,524)

$(103,131,268)

(5,749,128)

$(304,481,288)

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

Global

Dividend

Growth

Shares

Amount

Shares

Amount

Subscriptions:

Class

A

18,793

$578,315

62,097

$1,828,793

Class

C

3,751

113,499

203

5,889

Class

I

13,687

417,683

25,639

775,461

Total

subscriptions

36,231

1,109,497

87,939

2,610,143

Reinvestments

of

distributions:

Class

A

1,645

49,608

11,017

318,153

Class

C

40

1,184

759

21,890

Class

I

1,929

58,273

11,931

344,210

Total

reinvestments

of

distributions

3,614

109,065

23,707

684,253

Redemptions:

Class

A

(38,125)

(1,165,765)

(60,984)

(1,802,017)

Class

C

(6,573)

(200,665)

(10,856)

(320,574)

Class

I

(50,488)

(1,565,628)

(49,327)

(1,441,654)

Total

redemptions

(95,186)

(2,932,058)

(121,167)

(3,564,245)

Net

increase

(decrease)

(55,341)

$(1,713,496)

(9,521)

$(269,849)

56

Notes

to

Financial

Statements

(Unaudited)

(continued)

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

International

Dividend

Growth

Shares

Amount

Shares

Amount

Subscriptions:

Class

A

6,176

$168,889

8,745

$226,297

Class

A

-

automatic

conversion

of

Class

C

8

211

—

—

Class

C

188

5,000

7,344

200,794

Class

I

3,623

98,991

26,916

732,995

Total

subscriptions

9,995

273,091

43,005

1,160,086

Reinvestments

of

distributions:

Class

A

978

26,367

2,185

56,267

Class

C

98

2,601

166

4,300

Class

I

658

17,768

998

25,902

Total

reinvestments

of

distributions

1,734

46,736

3,349

86,469

Redemptions:

Class

A

(1,046)

(28,278)

(7,010)

(183,760)

Class

C

(2,881)

(76,345)

(1,208)

(29,592)

Class

C

-

automatic

conversion

to

Class

A

(8)

(211)

—

—

Class

I

(1,523)

(42,485)

(13,790)

(360,808)

Total

redemptions

(5,458)

(147,319)

(22,008)

(574,160)

Net

increase

(decrease)

6,271

$172,508

24,346

$672,395

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

International

Small

Cap

Shares

Amount

Shares

Amount

Subscriptions:

Class

A

2,036

$41,466

40,375

$805,593

Class

C

—

—

1,233

23,521

Class

R6

44,073

905,793

358,052

7,542,018

Class

I

96,730

1,984,634

482,224

9,470,854

Total

subscriptions

142,839

2,931,893

881,884

17,841,986

Reinvestments

of

distributions:

Class

A

815

17,645

—

—

Class

C

10

209

—

—

Class

R6

6,756

147,018

49

972

Class

I

17,946

389,961

1,237

24,681

Total

reinvestments

of

distributions

25,527

554,833

1,286

25,653

Redemptions:

Class

A

(1,112)

(22,181)

(96,010)

(1,738,120)

Class

R6

(22,921)

(474,852)

(12,757)

(271,976)

Class

I

(250,182)

(5,039,897)

(490,653)

(9,685,201)

Total

redemptions

(274,215)

(5,536,930)

(599,420)

(11,695,297)

Net

increase

(decrease)

(105,849)

$(2,050,204)

283,750

$6,172,342

57

7.

Income

Tax

Information

Each

Fund

is

a

separate

taxpayer

for

federal

income

tax

purposes.

Each

Fund

intends

to

distribute

substantially

all

of

its

net

investment

income

and

net

capital

gains

to

shareholders

and

otherwise

comply

with

the

requirements

of

Subchapter

M

of

the

Internal

Revenue

Code

applicable

to

regulated

investment

companies.

Therefore,

no

federal

income

tax

provision

is

required.

Each

Fund

files

income

tax

returns

in

U.S.

federal

and

applicable

state

and

local

jurisdictions.

A

Fund's

federal

income

tax

returns

are

generally

subject

to

examination

for

a

period

of

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

be

subject

to

examination

for

an

additional

period

of

time

depending

on

the

jurisdiction.

Management

has

analyzed

each

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

no

provision

for

income

tax

is

required

in

the

Fund's

financial

statements.

As

of

the

end

of

the

reporting

period,

the

aggregate

cost

and

the

net

unrealized

appreciation/(depreciation)

of

all

investments

for

federal

income

tax

purposes

were

as

follows:

For

purposes

of

this

disclosure,

tax

cost

generally

includes

the

cost

of

portfolio

investments

as

well

as

up-front

fees

or

premiums

exchanged

on

derivatives

and

any

amounts

unrealized

for

income

statement

reporting

but

realized

income

and/or

capital

gains

for

tax

reporting,

if

applicable.

As

of

prior

fiscal

period

end,

the

components

of

accumulated

earnings

on

a

tax

basis

were

as

follows:

Six

Months

Ended

1/31/24

Year

Ended

7/31/23

Winslow

Large-Cap

Growth

ESG

Shares

Amount

Shares

Amount

Subscriptions:

Class

A

295,882

$14,295,173

541,186

$22,243,041

Class

A

-

automatic

conversion

of

Class

C

165

8,259

184

7,757

Class

C

17,714

658,535

42,474

1,431,438

Class

R6

376,944

20,198,843

480,798

22,030,199

Class

I

848,054

43,573,692

1,431,947

63,517,980

Total

subscriptions

1,538,759

78,734,502

2,496,589

109,230,415

Reinvestments

of

distributions:

Class

A

162,644

8,010,235

259,427

9,932,921

Class

C

18,693

705,276

38,200

1,154,611

Class

R6

96,863

5,249,991

125,621

5,235,212

Class

I

481,670

25,379,173

732,579

29,781,581

Total

reinvestments

of

distributions

759,870

39,344,675

1,155,827

46,104,325

Redemptions:

Class

A

(376,336)

(18,365,711)

(811,222)

(33,427,126)

Class

C

(69,600)

(2,581,195)

(192,237)

(6,233,699)

Class

C

-

automatic

conversion

to

Class

A

(212)

(8,259)

(232)

(7,757)

Class

R6

(206,150)

(10,785,459)

(317,851)

(14,208,742)

Class

I

(1,527,238)

(79,198,346)

(1,870,555)

(81,730,537)

Total

redemptions

(2,179,536)

(110,938,970)

(3,192,097)

(135,607,861)

Net

increase

(decrease)

119,093

$7,140,207

460,319

$19,726,879

Fund

Tax

Cost

Gross

Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

Dividend

Growth

$

3,392,330,327

$

2,687,831,984

$

(37,150,397)

$

2,650,681,587

Global

Dividend

Growth

12,024,766

7,390,864

(404,916)

6,985,948

International

Dividend

Growth

4,114,442

1,359,232

(320,437)

1,038,795

International

Small

Cap

67,081,255

5,290,053

(6,542,549)

(1,252,496)

Winslow

Large-Cap

Growth

ESG

485,652,994

345,583,378

—

345,583,378

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital

Gains

Unrealized

Appreciation

(Depreciation)

Capital

Loss

Carryforwards

Late-Year

Loss

Deferrals

Other

Book-to-Tax

Differences

Total

Dividend

Growth

$

3,114,378

$

73,000,919

$

2,461,593,536

$

—

$

—

$

3

$

2,537,708,836

Global

Dividend

Growth

—

3,504

6,622,540

—

—

—

6,626,044

International

Dividend

Growth

21,199

—

1,028,439

—

(43,401)

—

1,006,237

International

Small

Cap

800,891

—

1,098,540

(2,997,386)

—

—

(1,097,955)

Winslow

Large-Cap

Growth

ESG

—

42,387,822

253,778,006

—

(221,092)

—

295,944,736

58

Notes

to

Financial

Statements

(Unaudited)

(continued)

As

of

prior

fiscal

period

end,

the

Funds

had

capital

loss

carryforwards,

which

will

not

expire:

8.

Management

Fees

and

Other

Transactions

with

Affiliates

Management

Fees:

Each

Fund’s

management

fee

compensates

the

Adviser

for

the

overall

investment

advisory

and

administrative

services

and

general

office

facilities.

The

Sub-Advisers

are

compensated

for

their

services

to

the

Funds

from

the

management

fees

paid

to

the

Adviser.

Each

Fund’s

management

fee

consists

of

two

components

–

a

fund-level

fee,

based

only

on

the

amount

of

assets

within

each

individual

Fund,

and

a

complex-level

fee,

based

on

the

aggregate

amount

of

all

eligible

fund

assets

managed

by

the

Adviser.

This

pricing

structure

enables

each

Fund’s

shareholders

to

benefit

from

growth

in

the

assets

within

their

respective

Fund

as

well

as

from

growth

in

the

amount

of

complex-wide

assets

managed

by

the

Adviser.

The

annual

fund-level

fee,

payable

monthly,

for

each

Fund

was

calculated

according

to

the

following

schedule:

The

annual

complex-level

fee,

payable

monthly,

for

each

Fund

is

calculated

according

to

the

following

schedule:

*

The

complex-level

fee

is

calculated

based

upon

the

aggregate

daily

“eligible

assets”

of

all

Nuveen

open-end

and

closed-end

funds.

Eligible

assets

do

not

include

assets

attributable

to

investments

in

other

Nuveen

funds

or

assets

in

excess

of

a

determined

amount

(originally

$2

billion)

added

to

the

Nuveen

fund

complex

in

connection

with

the

Adviser’s

assumption

of

the

management

of

the

former

First

American

Funds

effective

January

1,

2011,

but

do

include

certain

assets

of

certain

Nuveen

funds

that

were

reorganized

into

funds

advised

by

an

affiliate

of

the

Adviser

during

the

2019

calendar

year.

Eligible

assets

include

closed-end

fund

assets

managed

by

the

Adviser

that

are

attributable

to

certain

types

of

leverage.

For

these

purposes,

leverage

includes

the

closed-end

funds’

use

of

preferred

stock

and

borrowings

and

certain

investments

in

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

in

tender

option

bond

(TOB)

trusts,

including

the

portion

of

assets

held

by

a

TOB

trust

that

has

been

effectively

financed

by

the

trust’s

issuance

of

floating

rate

securities,

subject

to

an

agreement

by

the

Adviser

as

to

certain

funds

to

limit

the

amount

of

such

assets

for

determining

eligible

assets

in

certain

circumstances.

As

of

January

31,

2024,

the

complex-level

fee

rate

for

each

Fund

was

as

follows:

Fund

Short-Term

Long-Term

Total

Dividend

Growth

$

—

$

—

$

—

Global

Dividend

Growth

—

—

—

International

Dividend

Growth

—

—

—

International

Small

Cap

2,997,386

—

2,997,386

Winslow

Large-Cap

Growth

ESG

—

—

—

Average

Daily

Net

Assets

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

For

the

first

$125

million

0.5000

%

0.5500

%

0.5500

%

0.7000

%

0.5000

%

For

the

next

$125

million

0.4875

0.5375

0.5375

0.6875

0.4875

For

the

next

$250

million

0.4750

0.5250

0.5250

0.6750

0.4750

For

the

next

$500

million

0.4625

0.5125

0.5125

0.6625

0.4625

For

the

next

$1

billion

0.4500

0.5000

0.5000

0.6500

0.4500

For

the

next

$3

billion

0.4250

0.4750

0.4750

0.6250

0.4250

For

the

next

$2.5

billion

0.4000

0.4500

0.4500

0.6000

0.4000

For

the

next

$2.5

billion

0.3875

0.4375

0.4375

0.5875

0.3875

For

net

assets

over

$10

billion

0.3750

0.4250

0.4250

0.5750

0.3750

Complex-Level

Eligible

Asset

Breakpoint

Level*

Effective

Complex-Level

Fee

Rate

at

Breakpoint

Level

$55

billion

0.2000

%

$56

billion

0.1996

$57

billion

0.1989

$60

billion

0.1961

$63

billion

0.1931

$66

billion

0.1900

$71

billion

0.1851

$76

billion

0.1806

$80

billion

0.1773

$91

billion

0.1691

$125

billion

0.1599

$200

billion

0.1505

$250

billion

0.1469

$300

billion

0.1445

59

The

Adviser

has

agreed

to

waive

fees

and/or

reimburse

expenses

(“Expense

Cap”)

of

the

Funds

so

that

the

total

annual

Fund

operating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities

and

extraordinary

expenses)

do

not

exceed

the

average

daily

net

assets

of

any

class

of

Fund

shares

in

the

amounts

and

for

the

time

periods

stated

in

the

following

table.

However,

because

Class

R6

Shares

are

not

subject

to

sub-transfer

agent

and

similar

fees,

the

total

annual

fund

operating

expense

for

the

Class

R6

Shares

will

be

less

than

the

expense

limitation.

The

temporary

expense

limitations

may

be

terminated

or

modified

prior

to

expiration

date

only

with

the

approval

of

the

Board.

The

expense

limitations

in

effect

thereafter

may

be

terminated

or

modified

only

with

the

approval

of

shareholders

of

each

Fund.

Distribution

and

Service

Fees:

 Each

Fund

has

adopted

a

distribution

and

service

plan

under

rule

12b-1

under

the

1940

Act.

Class

A

Shares

incur

a

0.25%

annual

12b-1

service

fee.

Class

C

Shares

incur

a

0.75%

annual

12b-1

distribution

fee

and

a

0.25%

annual

12b-1

service

fee.

Class

R6

Shares

and

Class

I

Shares

are

not

subject

to

12b-1

distribution

or

service

fees.

The

fees

under

this

plan

compensate

Nuveen

Securities,

LLC,

(the

“Distributor”),

a

wholly-owned

subsidiary

of

Nuveen,

for

services

provided

and

expenses

incurred

in

distributing

shares

of

the

Funds

and

establishing

and

maintaining

shareholder

accounts.

Other

Transactions

with

Affiliates:

The

Funds

receive

voluntary

compensation

from

the

Adviser

in

amounts

that

approximate

the

cost

of

research

services

obtained

from

broker-dealers

and

research

providers

if

the

Adviser

had

purchased

the

research

services

directly.

This

income

received

by

the

Funds

is

recognized

in

"Other

income"

on

the

Statement

of

Operations

and

any

amounts

due

to

the Funds

at

the

end

of

the

reporting

period

is

recognized

in

"Reimbursement

from

Adviser"

on

the

Statement

of

Assets

and Liabilities.  During

the

current

fiscal

period,

the

values

of

voluntary

compensation

were

as

follows:

During

the

current

fiscal

period,

the

Distributor,

collected

sales

charges

on

purchases

of

Class

A

Shares,

the

majority

of

which

were

paid

out

as

concessions

to

financial

intermediaries

as

follows:

The

Distributor

also

received

12b-1

service

fees

on

Class

A

Shares,

substantially

all

of

which

were

paid

to

compensate

financial

intermediaries

for

providing

services

to

shareholders

relating

to

their

investments.

Fund

Complex-Level

Fee

Dividend

Growth

0.1606%

Global

Dividend

Growth

0.1603%

International

Dividend

Growth

0.1603%

International

Small

Cap

0.1603%

Winslow

Large-Cap

Growth

ESG

0.1694%

Fund

Temporary

Expense

Cap

Temporary

Expense

Cap

Expiration

Date

Permanent

Expense

Cap

Dividend

Growth

N/A

N/A

1.25%

Global

Dividend

Growth

0.94%

July

31,

2025

N/A

International

Dividend

Growth

0.94%

July

31,

2025

N/A

International

Small

Cap

0.99%

July

31,

2025

1.00%

Winslow

Large-Cap

Growth

ESG

0.69%

July

31,

2025

1.25%

N/A

-

Not

Applicable.

Fund

Amount

Dividend

Growth

$

274,773

Global

Dividend

Growth

685

International

Dividend

Growth

—

International

Small

Cap

8,095

Winslow

Large-Cap

Growth

ESG

52,220

Fund

Sales

Charges

Collected

Paid

to

Financial

Intermediaries

Dividend

Growth

$

360,162

$

318,996

Global

Dividend

Growth

2,108

1,880

International

Dividend

Growth

5

4

International

Small

Cap

42

37

Winslow

Large-Cap

Growth

ESG

56,092

49,493

60

Notes

to

Financial

Statements

(Unaudited)

(continued)

During

the

current

fiscal

period,

the

Distributor

compensated

financial

intermediaries

directly

with

commission

advances

at

the

time

of

purchase

as

follows:

To

compensate

for

commissions

advanced

to

financial

intermediaries,

all

12b-1

service

and

distribution

fees

collected

on

Class

C

Shares

during

the

first

year

following

a

purchase

are

retained

by

the

Distributor.

During

the

current

fiscal

period,

the

Distributor

retained

such

12b-1

fees

as

follows:

The

remaining

12b-1

fees

charged

to

each

Fund

were

paid

to

compensate

financial

intermediaries

for

providing

services

to

shareholders

relating

to

their

investments.

The

Distributor

also

collected

and

retained

CDSC

on

share

redemptions

during

the

current

fiscal

period,

as

follows: 

Affiliate

Owned

Shares:

Certain

funds

advised

by

Teachers

Advisors,

LLC,

which

are

deemed

affiliated

investments,

may

invest

in

the

Fund.

As

of

the

end

of

the

reporting

period,

the

percentage

of

Fund

shares

owned

by

Nuveen

and/or

TIAA

and

other

affiliates

are

as

follows:

Fund

Commission

Advances

Dividend

Growth

$

101,310

Global

Dividend

Growth

1,159

International

Dividend

Growth

50

International

Small

Cap

—

Winslow

Large-Cap

Growth

ESG

5,592

Fund

12b-1

Fees

Retained

Dividend

Growth

$

75,141

Global

Dividend

Growth

529

International

Dividend

Growth

620

International

Small

Cap

689

Winslow

Large-Cap

Growth

ESG

14,484

Fund

CDSC

Retained

Dividend

Growth

$

1,405

Global

Dividend

Growth

1,100

International

Dividend

Growth

—

International

Small

Cap

—

Winslow

Large-Cap

Growth

ESG

(120)

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Nuveen

8%

28%

—%

TIAA

—

—

60

Dividend

Growth

TIAA-CREF

Lifecycle

Retirement

Income

Fund

—%*

TIAA-CREF

Lifecycle

2010

Fund

—*

TIAA-CREF

Lifecycle

2015

Fund

1

TIAA-CREF

Lifecycle

2020

Fund

2

TIAA-CREF

Lifecycle

2025

Fund

3

TIAA-CREF

Lifecycle

2030

Fund

4

TIAA-CREF

Lifecycle

2035

Fund

5

TIAA-CREF

Lifecycle

2040

Fund

7

TIAA-CREF

Lifecycle

2045

Fund

6

TIAA-CREF

Lifecycle

2050

Fund

5

TIAA-CREF

Lifecycle

2055

Fund

2

TIAA-CREF

Lifecycle

2060

Fund

1

61

9.

Borrowing

Arrangements

Committed

Line

of

Credit:

The

Funds,

along

with

certain

other

funds

managed

by

the

Adviser

(“Participating

Funds”),

have

established

a

364-day,

$2.700

billion

standby

credit

facility

with

a

group

of

lenders,

under

which

the

Participating

Funds

may

borrow

for

temporary

purposes

(other

than

on-

going

leveraging

for

investment

purposes).

Each

Participating

Fund

is

allocated

a

designated

proportion

of

the

facility’s

capacity

(and

its

associated

costs,

as

described

below)

based

upon

a

multi-factor

assessment

of

the

likelihood

and

frequency

of

its

need

to

draw

on

the

facility,

the

size

of

the

Fund

and

its

anticipated

draws,

and

the

potential

importance

of

such

draws

to

the

operations

and

well-being

of

the

Fund,

relative

to

those

of

the

other

Funds.

A

Fund

may

effect

draws

on

the

facility

in

excess

of

its

designated

capacity

if

and

to

the

extent

that

other

Participating

Funds

have

undrawn

capacity.

The

current

credit

facility

was

entered

into

on

June

21,

2023

expiring

on

June

19,

2024,

replacing

the

previous

facility,

which

expired

in June

2023.

The

credit

facility

has

the

following

terms:

0.15%

per

annum

on

unused

commitment

amounts

and

a

drawn

interest

rate

equal

to

the

higher

of

(a)

OBFR

(Overnight

Bank

Funding

Rate)

plus

1.20%

per

annum

or

(b)

the

Fed

Funds

Effective

Rate

plus

1.20%

per

annum

on

amounts

borrowed.

The

Participating

Funds

also

incurred

a

0.05%

upfront

fee

on

the

increased

commitments

from

select

lenders.

Interest

expense

incurred

by

the

Participating

Funds,

when

applicable,

is

recognized

as

a

component

of

“Interest

expense”

on

the

Statement

of

Operations.

Participating

Funds

paid

administration,

legal

and

arrangement

fees,

which

are

recognized

as

a

component

of

“Interest

expense”

on

the

Statement

of

Operations,

and

along

with

commitment

fees,

have

been

allocated

among

such

Participating

Funds

based

upon

the

relative

proportions

of

the

facility’s

aggregate

capacity

reserved

for

them

and

other

factors

deemed

relevant

by

the

Adviser

and

the

Board

of

each

Participating

Fund.

During

the

current

fiscal

period,

the

following

Fund

utilized

this

facility.

The

Fund’s

maximum

outstanding

balance

during

the

utilization

period

was

as

follows:

During

the

Fund's

utilization

period(s)

during

the

current

fiscal

period,

the

average

daily

balance

outstanding

and

average

annual

interest

rate

on

the

Borrowings

were

as

follows:

Dividend

Growth

TIAA-CREF

Lifecycle

2065

Fund

—*

TIAA-CREF

Lifestyle

Aggressive

Growth

Fund

—*

TIAA-CREF

Lifestyle

Conservative

Fund

—*

TIAA-CREF

Lifestyle

Growth

Fund

—*

TIAA-CREF

Lifestyle

Income

Fund

—*

TIAA-CREF

Lifestyle

Moderate

Fund

1

TIAA-CREF

Managed

Allocation

Fund

1

*

Rounds

to

less

than

1%

Fund

Maximum

Outstanding

Balance

Dividend

Growth

$

—

Global

Dividend

Growth

—

International

Dividend

Growth

—

International

Small

Cap

585,595

Winslow

Large-Cap

Growth

ESG

—

Fund

Utilization

Period

(Days

Outstanding)

Average

Daily

Balance

Outstanding

Average

Annual

Interest

Rate

Dividend

Growth

—

$

—

—

%

Global

Dividend

Growth

—

—

—

International

Dividend

Growth

—

—

—

International

Small

Cap

5

545,595

6.53

Winslow

Large-Cap

Growth

ESG

—

—

—

62

Shareholder

Meeting

Report

(Unaudited)

The

special

meeting

of

shareholders

was

held

on

November

20,

2023,

for

Nuveen

Investment

Trust

II;

at

this

meeting,

the

shareholders

were

asked

to

elect

Board

members.

Nuveen

Investment

Trust

II

Approval

of

the

Board

Members

was

reached

as

follows:

Joseph

A.

Boateng

For

111,249,351

Withhold

1,290,531

Total

112,539,882

Michael

A.

Forrester

For

111,438,388

Withhold

1,101,494

Total

112,539,882

Thomas

J.

Kenny

For

111,383,942

Withhold

1,155,940

Total

112,539,882

Amy

B.R.

Lancellotta

For

111,508,686

Withhold

1,031,196

Total

112,539,882

Joanne

T.

Medero

For

111,435,368

Withhold

1,104,514

Total

112,539,882

Albin

F.

Moschner

For

111,310,711

Withhold

1,229,171

Total

112,539,882

John

K.

Nelson

For

111,240,233

Withhold

1,299,649

Total

112,539,882

Loren

M.

Starr

For

111,372,191

Withhold

1,167,691

Total

112,539,882

Matthew

Thornton

III

For

111,246,320

Withhold

1,293,562

Total

112,539,882

Terence

J.

Toth

For

111,139,178

Withhold

1,400,704

Total

112,539,882

Margaret

L.

Wolff

For

111,396,351

Withhold

1,143,531

Total

112,539,882

Robert

L.

Young

For

111,262,851

Withhold

1,277,031

Total

112,539,882

63

Additional

Fund

Information

(Unaudited)

Investment

Adviser

Nuveen

Fund

Advisors,

LLC

333

West

Wacker

Drive

Chicago,

IL

60606

Sub-Adviser

Nuveen

Asset

Management,

LLC

333

West

Wacker

Drive

Chicago,

IL

60606

Winslow

Capital

Management,

LLC

80

South

Eighth

Street

Minneapolis,

MN

55402

Independent

Registered

Public

Accounting

Firm

PricewaterhouseCoopers

LLP

One

North

Wacker

Drive

Chicago,

IL

60606

Custodian

State

Street

Bank

&

Trust

Company

One

Congress

Street

Suite

1

Boston,

MA

02114-2016

Legal

Counsel

Chapman

and

Cutler

LLP

Chicago,

IL

60603

Transfer

Agent

and

Shareholder

Services

SS&C

Global

Investor

&

Distribution

Solutions,

Inc.

(SS&C

GIDS)

P.O.

Box

219140

Kansas

City,

MO

64121-9140

(800)

257-8787

Portfolio

of

Investments

Information

Each

Fund

is

required

to

file

its

complete

schedule

of

portfolio

holdings

with

the

Securities

and

Exchange

Commission

(SEC)

for

the

first

and

third

quarters

of

each

fiscal

year

as

an

exhibit

to

its

report

on

Form

N-PORT.

You

may

obtain

this

information

on

the

SEC’s

website

at

http://www.sec.gov.

Nuveen

Funds’

Proxy

Voting

Information

You

may

obtain

(i)

information

regarding

how

each

fund

voted

proxies

relating

to

portfolio

securities

held

during

the

most

recent

twelve-month

period

ended

July

31,

without

charge,

upon

request,

by

calling

Nuveen

toll-free

at

(800)

257-8787

or

on

Nuveen’s

website

at

www.nuveen.com

and

(ii)

a

description

of

the

policies

and

procedures

that

each

fund

used

to

determine

how

to

vote

proxies

relating

to

portfolio

securities

without

charge,

upon

request,

by

calling

Nuveen

toll-free

at

(800)

257-8787.

You

may

also

obtain

this

information

directly

from

the

SEC.

Visit

the

SEC

on-line

at

http://www.sec.gov.

FINRA

BrokerCheck

:

The

Financial

Industry

Regulatory

Authority

(FINRA)

provides

information

regarding

the

disciplinary

history

of

FINRA

member

firms

and

associated

investment

professionals.

This

information

as

well

as

an

investor

brochure

describing

FINRA

BrokerCheck

is

available

to

the

public

by

calling

the

FINRA

BrokerCheck

Hotline

number

at

(800)

289-9999

or

by

visiting

www.FINRA.org.

64

Glossary

of

Terms

Used

in

this

Report

(Unaudited)

Average

Annual

Total

Return:

This

is

a

commonly

used

method

to

express

an

investment’s

performance

over

a

particular,

usually

multi-year

time

period.

It

expresses

the

return

that

would

have

been

necessary

each

year

to

equal

the

investment’s

actual

cumulative

performance

(including

change

in

NAV

or

offer

price

and

reinvested

dividends

and

capital

gains

distributions,

if

any)

over

the

time

period

being

considered.

Net

Assets

Value

(NAV)

per

Share:

A

fund’s

Net

Assets

is

equal

to

its

total

assets

(securities,

cash

and

accrued

earnings)

less

its

total

liabilities.

For

funds

with

multiple

classes,

Net

Assets

are

determined

separately

for

each

share

class.

NAV

per

share

is

equal

to

the

fund’s

(or

share

class’)

Net

Assets

divided

by

its

number

of

shares

outstanding.

Tax

Equalization:

The

practice

of

treating

a

portion

of

the

distribution

made

to

a

redeeming

shareholder,

which

represents

his

proportionate

part

of

undistributed

net

investment

income

and

capital

gain

as

a

distribution

for

tax

purposes.

Such

amounts

are

referred

to

as

the

equalization

debits

(or

payments)

and

will

be

considered

a

distribution

to

the

shareholder

of

net

investment

income

and

capital

gain

for

calculation

of

the

fund’s

dividends

paid

deduction.

Liquidity

Risk

Management

Program

(Unaudited)

65

Discussion

of

the

operation

and

effectiveness

of

the

Funds’

liquidity

risk

management

program

In

compliance

with

Rule

22e-4

under

the

Investment

Company

Act

of

1940,

as

amended

(the

“Liquidity

Rule”),

each

Fund

covered

in

this

Report

(the

“Funds”)

has

adopted

and

implemented

a

liquidity

risk

management

program

(the

“Program”),

which

is

designed

to

manage

the

Fund’s

liquidity

risk.

The

Program

consists

of

various

protocols

for

assessing

and

managing

each

Fund’s

liquidity

risk.

The

Funds’

Board

of Directors (the

"Board")

previously

designated

Nuveen

Fund

Advisors,

LLC,

the

Funds’

investment

adviser,

as

the

Administrator

of

the

Program.

The

adviser’s

Liquidity

Monitoring

and

Analysis

Team

(“LMAT”)

carries

out

day-to-day

Program

management

with

oversight

by

the

adviser’s

Liquidity

Oversight

Sub-

Committee

(the

“LOSC”).

The

LOSC

is

composed

of

personnel

from

the

adviser

and

Teachers

Advisors,

LLC,

an

affiliate

of

the

adviser.

At

a

May

23-25,

2023

meeting

of

the

Board,

the

Administrator

provided

the

Board

with

a

written

report

addressing

the

Program’s

operation,

adequacy

and

effectiveness

of

implementation

for

calendar

year

2022

(the

“Review

Period”),

as

required

under

the

Liquidity

Rule.

The

report

noted

that

the

Program

has

been

and

continues

to

be

adequately

and

effectively

implemented

to

monitor

and

(as

applicable)

respond

to

each

Fund’s

liquidity

developments.

In

accordance

with

the

Program,

the

LMAT

assesses

each

Fund’s

liquidity

risk

no

less

frequently

than

annually

based

on

various

factors,

such

as

(1)

the

Fund’s

investment

strategy

and

the

liquidity

of

portfolio

investments,

(ii)

cash

flow

projections,

and

(ii)

holdings

of

cash

and

cash

equivalents,

borrowing

arrangements,

and

other

funding

sources.

Certain

factors

are

considered

under

both

normal

and

reasonably

foreseeable

stressed

conditions.

Each

Fund

portfolio

investment

is

classified

into

one

of

four

liquidity

categories

(including

the

most

liquid,

“Highly

Liquid”,

and

the

least

liquid,

“Illiquid”,

discussed

below),

The

classification

is

based

on

a

determination

of

how

long

it

is

reasonably

expected

to

take

to

convert

the

investment

into

cash,

or

sell

or

dispose

of

the

investment,

in

current

market

conditions

without

significantly

changing

the

market

value

of

the

investment

Liquidity

classification

determinations

take

into

account

various

market,

trading,

and

investment-specific

considerations,

as

well

as

market

depth,

and

use

third-

party

vendor

data.

Any

Fund

that

does

not

primarily

hold

highly

liquid

investments

must,

among

other

things,

determine

a

minimum

percentage

of

Fund

assets

that

must

be

invested

in

highly

liquid

investments

(a

“Highly

Liquid

Investment

Minimum”).

During

the

Review

Period,

each

Fund

primarily

held

Highly

Liquid

investments

and

therefore

was

exempt

from

the

requirement

to

adopt

a

Highly

Liquid

Investment

Minimum

and

to

comply

with

the

related

requirements

under

the

Liquidity

Rule.

The

Liquidity

Rule

also

limits

a

Fund’s

investments

in

Illiquid

investments.

Specifically,

the

Liquidity

Rule

prohibits

a

Fund

from

acquiring

Illiquid

investments

if

doing

so

would

result

in

the

Fund

holding

more

than

15%

of

its

net

assets

in

illiquid

investments,

and

requires

certain

reporting

to

the

Fund

Board

and

the

Securities

and

Exchange

Commission

any

time

a

Fund’s

holdings

of

Illiquid

investments

exceeds

15%

of

net

assets.

During

the

Review

Period,

no

Fund

exceeded

the

15%

limit

on

Illiquid

investments.

Nuveen

Securities,

LLC,

member

FINRA

and

SIPC

333

West

Wacker

Drive

Chicago,

IL

60606

www.nuveen.com

MSA-GDG-0124P

3424108

-INV-B-03/25

Nuveen:

Serving

Investors

for

Generations

Since

1898,

financial

advisors

and

their

clients

have

relied

on

Nuveen

to

provide

dependable

investment

solutions

through

continued

adherence

to

proven,

long-term

investing

principles.

Today,

we

offer

a

range

of

high

quality

solutions

designed

to

be

integral

components

of

a

well-diversified

core

portfolio.

Focused

on

meeting

investor

needs.

Nuveen

is

the

investment

manager

of

TIAA.

We

have

grown

into

one

of

the

world’s

premier

global

asset

managers,

with

specialist

knowledge

across

all

major

asset

classes

and

particular

strength

in

solutions

that

provide

income

for

investors

and

that

draw

on

our

expertise

in

alternatives

and

responsible

investing.

Nuveen

is

driven

not

only

by

the

independent

investment

processes

across

the

firm,

but

also

the

insights,

risk

management,

analytics

and

other

tools

and

resources

that

a

truly

world-class

platform

provides.

As

a

global

asset

manager,

our

mission

is

to

work

in

partnership

with

our

clients

to

create

solutions

which

help

them

secure

their

financial

future.

Find

out

how

we

can

help

you.

To

learn

more

about

how

the

products

and

services

of

Nuveen

may

be

able

to

help

you

meet

your

financial

goals,

talk

to

your

financial

advisor,

or

call

us

at

(800)

257-8787.

Please

read

the

information

provided

carefully

before

you

invest.

Investors

should

consider

the

investment

objective

and

policies,

risk

considerations,

charges

and

expenses

of

any

investment

carefully.

Where

applicable,

be

sure

to

obtain

a

prospectus,

which

contains

this

and

other

relevant

information.

To

obtain

a

prospectus,

please

contact

your

securities

representative

or

Nuveen,

333

W.

Wacker

Dr.,

Chicago,

IL

60606.

Please

read

the

prospectus

carefully

before

you

invest

or

send

money.

Learn

more

about

Nuveen

Funds

at:

www.nuveen.com/mutual-funds

NOT

FDIC

INSURED

MAY

LOSE

VALUE

NO

BANK

GUARANTEE

ITEM 2. CODE OF ETHICS.

Not applicable to this filing.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable to this filing.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable to this filing.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to this registrant.

ITEM 6. SCHEDULE OF INVESTMENTS.

(a) See Portfolio of Investments in Item 1.

(b) Not applicable.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to this registrant.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to this registrant.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable to this registrant.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.

ITEM 11. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 13. EXHIBITS.

File the exhibits listed below as part of this Form.

(a	)(1)	Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.
(a	)(2)	A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: See EX-99.CERT attached hereto.
(a	)(3)	Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable to this registrant.
(a	)(4)	Change in the registrant’s independent public accountant. Not applicable.
(b	)	If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an Exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registration specifically incorporates it by reference: See EX-99.906 CERT attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Nuveen Investment Trust II

By (Signature and Title)	/s/ Jordan M. Farris
	Jordan M. Farris
	Chief Administrative Officer

Date: April 3, 2024

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)	/s/ Jordan M. Farris
	Jordan M. Farris
	Chief Administrative Officer
	(principal executive officer)

Date: April 3, 2024

By (Signature and Title)	/s/ E. Scott Wickerham
	E. Scott Wickerham Vice President and Controller (principal financial officer)

Date: April 3, 2024