1
Nuveen
International
Value
Fund
Portfolio
of
Investments
March
31,
2024
(Unaudited)
Shares
Description
(a)
Value
LONG-TERM
INVESTMENTS
-
98.1%
X
–
COMMON
STOCKS
-
98
.1
%
X
105,750,962
Automobiles
&
Components
-
5.9%
1,298,567
Dowlais
Group
PLC
$
1,279,083
15,606
Hyundai
Motor
Co
1,833,594
12,730
(b)
Toyota
Motor
Corp,
Sponsored
ADR
3,203,886
Total
Automobiles
&
Components
6,316,563
Banks
-
10.6%
729,353
Barclays
PLC
1,690,382
257,187
ING
Groep
NV
4,234,141
146,178
Nordea
Bank
Abp
1,652,496
144,732
Oversea-Chinese
Banking
Corp
Ltd
1,446,142
109,300
Sumitomo
Mitsui
Trust
Holdings
Inc
2,355,043
Total
Banks
11,378,204
Capital
Goods
-
14.1%
123,794
Alstom
SA
1,885,181
56,885
Komatsu
Ltd
1,683,271
95,162
Mabuchi
Motor
Co
Ltd
1,735,982
291,358
Melrose
Industries
PLC
2,473,890
123,900
Mitsubishi
Electric
Corp
2,073,954
16,961
Siemens
AG
3,238,515
12,126
Thales
SA
2,067,245
Total
Capital
Goods
15,158,038
Commercial
&
Professional
Services
-
3.5%
44,596
Adecco
Group
AG
1,764,320
12,806
Wolters
Kluwer
NV
2,005,289
Total
Commercial
&
Professional
Services
3,769,609
Consumer
Discretionary
Distribution
&
Retail
-
0.7%
1,092,000
Topsports
International
Holdings
Ltd,
144A
732,395
Total
Consumer
Discretionary
Distribution
&
Retail
732,395
Consumer
Durables
&
Apparel
-
4.2%
2,420
Kering
SA
958,521
43,964
Sekisui
House
Ltd
1,001,397
1,024,433
Taylor
Wimpey
PLC
1,771,110
40,800
Yamaha
Corp
880,659
Total
Consumer
Durables
&
Apparel
4,611,687
Consumer
Services
-
3.0%
40,362
Accor
SA
1,884,357
510,691
(c)
Sands
China
Ltd
1,440,781
Total
Consumer
Services
3,325,138
Consumer
Staples
Distribution
&
Retail
-
3.1%
87,300
Seven
&
i
Holdings
Co
Ltd
1,272,474
538,043
Tesco
PLC
2,015,225
Total
Consumer
Staples
Distribution
&
Retail
3,287,699
Energy
-
5.4%
52,013
Shell
PLC,
ADR
3,486,952
94,204
Technip
Energies
NV
2,383,097
Total
Energy
5,870,049
Nuveen
International
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2024
(Unaudited)
2
Shares
Description
(a)
Value
Financial
Services
-
4.8%
16,445
Groupe
Bruxelles
Lambert
NV
$
1,243,211
125,310
UBS
Group
AG
3,849,523
Total
Financial
Services
5,092,734
Food,
Beverage
&
Tobacco
-
1.6%
17,880
Heineken
NV
1,723,768
Total
Food,
Beverage
&
Tobacco
1,723,768
Health
Care
Equipment
&
Services
-
1.2%
34,391
Fresenius
Medical
Care
AG
&
Co
KGaA
1,321,462
Total
Health
Care
Equipment
&
Services
1,321,462
Insurance
-
7.8%
6,096
Allianz
SE
1,827,075
34,678
Axis
Capital
Holdings
Ltd
2,254,764
28,257
NN
Group
NV
1,304,487
143,100
Sompo
Holdings
Inc
2,999,385
Total
Insurance
8,385,711
Materials
-
6.8%
26,807
Agnico
Eagle
Mines
Ltd
1,599,037
61,654
Anglo
American
PLC
1,519,328
49,337
BHP
Group
Ltd
1,426,527
12,260
DSM-Firmenich
AG
1,394,355
26,670
Nutrien
Ltd
1,448,928
Total
Materials
7,388,175
Media
&
Entertainment
-
4.0%
10,088
(c)
Baidu
Inc,
Sponsored
ADR
1,062,064
28,694
Publicis
Groupe
SA
3,128,234
Total
Media
&
Entertainment
4,190,298
Pharmaceuticals,
Biotechnology
&
Life
Sciences
-
4.8%
87,333
GSK
PLC
1,875,072
25,148
Sanofi
2,446,509
30,100
Takeda
Pharmaceutical
Co
Ltd
837,198
Total
Pharmaceuticals,
Biotechnology
&
Life
Sciences
5,158,779
Real
Estate
Management
&
Development
-
1.2%
204,254
City
Developments
Ltd
884,797
417,000
Hang
Lung
Properties
Ltd
428,821
Total
Real
Estate
Management
&
Development
1,313,618
Semiconductors
&
Semiconductor
Equipment
-
4.3%
45,857
AIXTRON
SE
1,210,765
90,700
Rohm
Co
Ltd
1,454,718
87,000
Taiwan
Semiconductor
Manufacturing
Co
Ltd
2,084,189
Total
Semiconductors
&
Semiconductor
Equipment
4,749,672
Software
&
Services
-
3.7%
9,257
(c)
Check
Point
Software
Technologies
Ltd
1,518,241
12,513
SAP
SE
2,436,517
Total
Software
&
Services
3,954,758
Technology
Hardware
&
Equipment
-
1.4%
69,000
FUJIFILM
Holdings
Corp
1,549,367
Total
Technology
Hardware
&
Equipment
1,549,367
3
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
Shares
Description
(a)
Value
Telecommunication
Services
-
1.4%
50,034
(b)
Nippon
Telegraph
&
Telephone
Corp,
ADR
$
1,487,681
Total
Telecommunication
Services
1,487,681
Transportation
-
3.2%
44,612
DHL
Group
1,922,661
79,800
Japan
Airlines
Co
Ltd
1,515,219
Total
Transportation
3,437,880
Utilities
-
1.4%
114,864
National
Grid
PLC
1,547,677
Total
Utilities
1,547,677
Total
Common
Stocks
(cost
$72,660,437)
105,750,962
Total
Long-Term
Investments
(cost
$72,660,437)
105,750,962
Shares
Description
(a)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
4.4%
4,775,064
(d)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
5.340%(e)
$
4,775,064
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$4,775,064)
4,775,064
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
SHORT-TERM
INVESTMENTS
-
1.2%
X
–
REPURCHASE
AGREEMENTS
-
1
.2
%
X
1,275,000
$
1,275
(f)
Fixed
Income
Clearing
Corp
(FICC)
5.280%
4/01/24
$
1,275,000
Total
Repurchase
Agreements
(cost
$1,275,000)
1,275,000
Total
Short-Term
Investments
(cost
$1,275,000)
1,275,000
Total
Investments
(cost
$
78,710,501
)
-
103
.7
%
111,801,026
Other
Assets
&
Liabilities,
Net
- (3.7)%
(
4,011,791
)
Net
Assets
-
100%
$
107,789,235
Nuveen
International
Value
Fund
(continued)
Portfolio
of
Investments
March
31,
2024
(Unaudited)
4
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
18,423,395
$
87,327,567
$
–
$
105,750,962
Investments
Purchased
with
Collateral
from
Securities
Lending
4,775,064
–
–
4,775,064
Short-Term
Investments:
Repurchase
Agreements
–
1,275,000
–
1,275,000
Total
$
23,198,459
$
88,602,567
$
–
$
111,801,026
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
$4,647,266.
(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,
5.280%
dated
3/28/24
to
be
repurchased
at
$1,275,748
on
4/1/24,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
1.750%
and
maturity
date
8/15/41,
valued
at
$1,300,532.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
ADR
American
Depositary
Receipt