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 811-05309
Nuveen Investment Funds, Inc.
(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: October 31
Date of reporting period: October 31, 2021
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. |
Fund Name | Class A | Class C | Class R3 | Class R6 | Class I |
Nuveen Dividend Value Fund | FFEIX | FFECX | FEISX | FFEFX | FAQIX |
Nuveen Large Cap Select Fund | FLRAX | FLYCX | – | – | FLRYX |
Nuveen Mid Cap Growth Opportunities Fund | FRSLX | FMECX | FMEYX | FMEFX | FISGX |
Nuveen Mid Cap Value Fund | FASEX | FACSX | FMVSX | FMVQX | FSEIX |
Nuveen Small Cap Growth Opportunities Fund | FRMPX | FMPCX | FMPYX | FMPFX | FIMPX |
Nuveen Small Cap Select Fund | EMGRX | FHMCX | ASEIX | ASEFX | ARSTX |
Nuveen Small Cap Value Fund | FSCAX | FSCVX | FSVSX | FSCWX | FSCCX |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 12/18/92 | 41.25% | 11.07% | 11.06% | 1.09% | 0.97% | |
Class A Shares at maximum Offering Price | 12/18/92 | 33.10% | 9.76% | 10.40% | - | - | |
Russell 1000® Value Index1 | - | 43.76% | 12.39% | 12.85% | - | - | |
Lipper Equity Income Funds Classification Average | - | 39.87% | 12.53% | 11.73% | - | - | |
Class C Shares | 2/01/99 | 40.10% | 10.24% | 10.40% | 1.84% | 1.72% | |
Class I Shares | 8/02/94 | 41.59% | 11.35% | 11.34% | 0.84% | 0.72% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 2/28/13 | 41.71% | 11.50% | 10.56% | 0.70% | 0.58% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 1/31/03 | 41.77% | 17.91% | 15.38% | 1.30% | 1.06% | |
Class A Shares at maximum Offering Price | 1/31/03 | 33.62% | 16.52% | 14.70% | - | - | |
S&P 500® Index1 | - | 42.91% | 18.93% | 16.21% | - | - | |
Lipper Large-Cap Core Funds Classification Average | - | 40.92% | 17.68% | 14.81% | - | - | |
Class C Shares | 1/31/03 | 40.68% | 17.03% | 14.69% | 2.05% | 1.81% | |
Class I Shares | 1/31/03 | 42.11% | 18.20% | 15.68% | 1.05% | 0.81% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 1/09/95 | 38.97% | 21.07% | 15.10% | 1.24% | 1.17% | |
Class A Shares at maximum Offering Price | 1/09/95 | 30.97% | 19.65% | 14.42% | - | - | |
Russell Midcap® Growth Index1 | - | 39.43% | 21.90% | 16.86% | - | - | |
Lipper Mid-Cap Growth Funds Classification Average | - | 38.94% | 22.29% | 16.21% | - | - | |
Class C Shares | 9/24/01 | 38.00% | 20.17% | 14.40% | 1.99% | 1.92% | |
Class I Shares | 12/28/89 | 39.31% | 21.37% | 15.38% | 0.99% | 0.92% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 2/28/13 | 39.45% | 21.53% | 16.02% | 0.88% | 0.81% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 12/22/87 | 55.98% | 13.78% | 12.63% | 1.27% | 1.17% | |
Class A Shares at maximum Offering Price | 12/22/87 | 47.00% | 12.44% | 11.96% | - | - | |
Russell Midcap® Value Index1 | - | 48.60% | 12.30% | 13.18% | - | - | |
Lipper Mid-Cap Value Funds Classification Average | - | 53.29% | 11.26% | 11.77% | - | - | |
Class C Shares | 2/01/99 | 54.80% | 12.93% | 11.95% | 2.02% | 1.92% | |
Class I Shares | 2/04/94 | 56.35% | 14.06% | 12.91% | 1.02% | 0.92% |
Total Returns as of October 31, 2021* | ||||||
�� | Average Annual | Expense Ratios** | ||||
Inception Date | 1-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 6/20/18 | 56.59% | 11.07% | 0.89% | 0.78% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 8/01/95 | 43.38% | 21.65% | 15.94% | 1.43% | 1.23% | |
Class A Shares at maximum Offering Price | 8/01/95 | 35.13% | 20.22% | 15.25% | - | - | |
Russell 2000® Growth Index1 | - | 38.45% | 17.90% | 14.57% | - | - | |
Lipper Small-Cap Growth Funds Classification Average | - | 43.38% | 20.28% | 15.16% | - | - | |
Class C Shares | 9/24/01 | 42.27% | 20.74% | 15.25% | 2.18% | 1.98% | |
Class I Shares | 8/01/95 | 43.74% | 21.95% | 16.23% | 1.18% | 0.98% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 6/30/16 | 43.98% | 22.19% | 22.01% | 0.99% | 0.79% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 5/06/92 | 54.06% | 16.12% | 13.55% | 1.48% | 1.24% | |
Class A Shares at maximum Offering Price | 5/06/92 | 45.16% | 14.76% | 12.88% | - | - | |
Russell 2000® Index1 | - | 50.80% | 15.52% | 13.50% | - | - | |
Lipper Small-Cap Core Funds Classification Average | - | 54.42% | 13.11% | 12.14% | - | - | |
Class C Shares | 9/24/01 | 52.95% | 15.25% | 12.87% | 2.23% | 1.99% | |
Class I Shares | 5/06/92 | 54.43% | 16.40% | 13.83% | 1.23% | 0.99% |
Total Returns as of October 31, 2021* | ||||||
Average Annual | Expense Ratios** | |||||
Inception Date | 1-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 2/28/18 | 54.60% | 15.56% | 1.09% | 0.86% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 8/01/94 | 64.47% | 8.00% | 10.86% | 1.30% | 1.20% | |
Class A Shares at maximum Offering Price | 8/01/94 | 54.98% | 6.73% | 10.20% | - | - | |
Russell 2000® Value Index1 | - | 64.30% | 12.61% | 12.12% | - | - | |
Lipper Small-Cap Value Funds Classification Average | - | 65.96% | 11.83% | 11.46% | - | - | |
Class C Shares | 2/01/99 | 63.20% | 7.19% | 10.20% | 2.05% | 1.95% | |
Class I Shares | 8/01/94 | 64.91% | 8.28% | 11.13% | 1.05% | 0.95% |
Total Returns as of October 31, 2021* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 6/30/16 | 65.14% | 8.43% | 8.47% | 0.86% | 0.76% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.5% |
Repurchase Agreements | 0.1% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 9.8% |
Capital Markets | 8.5% |
Health Care Providers & Services | 7.5% |
Electric Utilities | 5.0% |
Hotels, Restaurants & Leisure | 4.1% |
Pharmaceuticals | 3.9% |
Chemicals | 3.8% |
Insurance | 3.7% |
Health Care Equipment & Supplies | 3.7% |
Equity Real Estate Investment Trust | 3.6% |
Biotechnology | 3.6% |
Aerospace & Defense | 3.1% |
IT Services | 3.1% |
Oil, Gas & Consumable Fuels | 2.9% |
Communications Equipment | 2.8% |
Tobacco | 2.6% |
Semiconductors & Semiconductor Equipment | 2.6% |
Electrical Equipment | 2.5% |
Media | 2.5% |
Food & Staples Retailing | 2.4% |
Other 1 | 17.8% |
Repurchase Agreements | 0.1% |
Other Assets Less Liabilities | 0.4% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Bank of America Corp | 3.5% |
Morgan Stanley | 3.5% |
Cisco Systems Inc | 2.8% |
Charles Schwab Corp | 2.8% |
Wells Fargo & Co | 2.7% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.5% |
Repurchase Agreements | 0.6% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Software | 11.6% |
Capital Markets | 7.0% |
IT Services | 6.8% |
Semiconductors & Semiconductor Equipment | 6.4% |
Interactive Media & Services | 6.4% |
Health Care Providers & Services | 5.1% |
Banks | 4.2% |
Health Care Equipment & Supplies | 4.0% |
Biotechnology | 3.9% |
Internet & Direct Marketing Retail | 3.8% |
Chemicals | 3.5% |
Pharmaceuticals | 3.3% |
Aerospace & Defense | 2.9% |
Electrical Equipment | 2.7% |
Machinery | 2.5% |
Hotels, Restaurants & Leisure | 2.2% |
Electric Utilities | 2.0% |
Automobiles | 2.0% |
Other 1 | 19.2% |
Repurchase Agreements | 0.6% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Microsoft Corp | 7.7% |
Alphabet Inc, Class C | 4.4% |
Amazon.com Inc | 3.8% |
Mastercard Inc | 2.7% |
Visa Inc, Class A | 2.6% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Investments Purchased with Collateral from Securities Lending | 0.7% |
Repurchase Agreements | 0.4% |
Other Assets Less Liabilities | (0.9)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Software | 21.8% |
Health Care Equipment & Supplies | 6.8% |
Semiconductors & Semiconductor Equipment | 5.3% |
Hotels, Restaurants & Leisure | 5.1% |
Textiles, Apparel & Luxury Goods | 5.1% |
Life Sciences Tools & Services | 4.7% |
Biotechnology | 4.5% |
Road & Rail | 3.2% |
Electronic Equipment, Instruments & Components | 2.8% |
Aerospace & Defense | 2.8% |
Specialty Retail | 2.7% |
Machinery | 2.6% |
Leisure Products | 2.5% |
Capital Markets | 2.4% |
Electrical Equipment | 2.3% |
IT Services | 2.3% |
Interactive Media & Services | 2.2% |
Health Care Technology | 2.0% |
Other 1 | 18.7% |
Investments Purchased with Collateral from Securities Lending | 0.7% |
Repurchase Agreements | 0.4% |
Other Assets Less Liabilities | (0.9)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Lululemon Athletica Inc | 2.8% |
Synopsys Inc | 2.8% |
Dexcom Inc | 2.5% |
Horizon Therapeutics Plc | 2.5% |
MSCI Inc | 2.4% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.6% |
Repurchase Agreements | 0.5% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Equity Real Estate Investment Trust | 9.3% |
Machinery | 7.0% |
Banks | 6.2% |
Oil, Gas & Consumable Fuels | 5.6% |
Chemicals | 5.4% |
Multi-Utilities | 4.8% |
Hotels, Restaurants & Leisure | 4.2% |
Capital Markets | 4.0% |
Semiconductors & Semiconductor Equipment | 4.0% |
Health Care Providers & Services | 3.3% |
Building Products | 3.2% |
Insurance | 3.2% |
Software | 2.9% |
Specialty Retail | 2.5% |
Biotechnology | 2.4% |
Household Durables | 2.4% |
Household Products | 2.4% |
Health Care Equipment & Supplies | 2.2% |
Construction Materials | 1.8% |
Diversified Financial Services | 1.8% |
Leisure Products | 1.8% |
Other 1 | 19.2% |
Repurchase Agreements | 0.5% |
Other Assets Less Liabilities | (0.1)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Marvell Technology Inc | 2.5% |
Devon Energy Corp | 2.3% |
Pioneer Natural Resources Co | 2.1% |
Synopsys Inc | 2.0% |
Raymond James Financial Inc | 2.0% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.1% |
Repurchase Agreements | 2.3% |
Other Assets Less Liabilities | (1.4)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Software | 14.1% |
Health Care Equipment & Supplies | 8.2% |
Biotechnology | 6.7% |
Health Care Providers & Services | 6.1% |
Semiconductors & Semiconductor Equipment | 5.6% |
Machinery | 5.4% |
Textiles, Apparel & Luxury Goods | 4.4% |
Hotels, Restaurants & Leisure | 4.1% |
Household Durables | 3.6% |
Health Care Technology | 3.1% |
Specialty Retail | 2.7% |
Chemicals | 2.6% |
Oil, Gas & Consumable Fuels | 2.6% |
Electronic Equipment, Instruments & Components | 2.5% |
Professional Services | 2.5% |
Banks | 2.1% |
IT Services | 2.1% |
Road & Rail | 2.0% |
Other 1 | 18.7% |
Repurchase Agreements | 2.3% |
Other Assets Less Liabilities | (1.4)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Silicon Laboratories Inc | 2.2% |
Crocs Inc | 2.1% |
Saia Inc | 2.0% |
MACOM Technology Solutions Holdings Inc | 1.8% |
Boot Barn Holdings Inc | 1.8% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 100.2% |
Repurchase Agreements | 0.6% |
Other Assets Less Liabilities | (0.8)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 9.8% |
Software | 7.1% |
Health Care Providers & Services | 6.9% |
Health Care Equipment & Supplies | 6.3% |
Equity Real Estate Investment Trust | 5.4% |
Machinery | 4.8% |
Oil, Gas & Consumable Fuels | 4.8% |
Semiconductors & Semiconductor Equipment | 4.4% |
Hotels, Restaurants & Leisure | 4.2% |
Biotechnology | 4.2% |
Capital Markets | 3.3% |
Trading Companies & Distributors | 2.9% |
Chemicals | 2.6% |
Textiles, Apparel & Luxury Goods | 2.3% |
Road & Rail | 2.2% |
Professional Services | 2.2% |
Electronic Equipment, Instruments & Components | 2.1% |
Household Durables | 2.1% |
IT Services | 1.8% |
Health Care Technology | 1.4% |
Other 1 | 19.4% |
Repurchase Agreements | 0.6% |
Other Assets Less Liabilities | (0.8)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Saia Inc | 2.2% |
Piper Sandler Cos | 1.8% |
PDC Energy Inc | 1.8% |
Civitas Resources Inc | 1.7% |
Silicon Laboratories Inc | 1.6% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Common Stocks | 98.9% |
Repurchase Agreements | 1.4% |
Other Assets Less Liabilities | (0.3)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 15.5% |
Equity Real Estate Investment Trust | 9.1% |
Oil, Gas & Consumable Fuels | 6.6% |
Commercial Services & Supplies | 4.0% |
Chemicals | 3.6% |
Insurance | 3.2% |
Building Products | 2.9% |
Hotels, Restaurants & Leisure | 2.9% |
Semiconductors & Semiconductor Equipment | 2.7% |
Thrifts & Mortgage Finance | 2.7% |
Health Care Providers & Services | 2.6% |
Capital Markets | 2.5% |
Electronic Equipment, Instruments & Components | 2.2% |
Gas Utilities | 2.1% |
Household Durables | 2.0% |
Metals & Mining | 1.9% |
Biotechnology | 1.8% |
Health Care Equipment & Supplies | 1.8% |
Professional Services | 1.8% |
Trading Companies & Distributors | 1.8% |
Consumer Finance | 1.7% |
Specialty Retail | 1.7% |
Construction Materials | 1.5% |
Machinery | 1.5% |
Other 1 | 18.8% |
Repurchase Agreements | 1.4% |
Other Assets Less Liabilities | (0.3)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Magnolia Oil & Gas Corp | 1.9% |
Banner Corp | 1.9% |
Matador Resources Co | 1.8% |
Korn Ferry | 1.8% |
WESCO International Inc | 1.8% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
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 | $1,047.40 | $1,043.30 | $1,049.15 | $1,048.78 |
Expenses Incurred During the Period | $ 4.95 | $ 8.81 | $ 3.05 | $ 3.67 |
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 | $1,020.37 | $1,016.59 | $1,022.23 | $1,021.63 |
Expenses Incurred During the Period | $ 4.89 | $ 8.69 | $ 3.01 | $ 3.62 |
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 | $1,072.89 | $1,068.85 | $1,074.19 |
Expenses Incurred During the Period | $ 5.49 | $ 9.39 | $ 4.18 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.91 | $1,016.13 | $1,021.17 |
Expenses Incurred During the Period | $ 5.35 | $ 9.15 | $ 4.08 |
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 | $1,099.08 | $1,095.14 | $1,101.14 | $1,100.44 |
Expenses Incurred During the Period | $ 6.19 | $ 10.14 | $ 4.29 | $ 4.87 |
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 | $1,019.31 | $1,015.53 | $1,021.12 | $1,020.57 |
Expenses Incurred During the Period | $ 5.96 | $ 9.75 | $ 4.13 | $ 4.69 |
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 | $1,071.05 | $1,067.18 | $1,073.50 | $1,072.52 |
Expenses Incurred During the Period | $ 6.06 | $ 9.95 | $ 3.92 | $ 4.75 |
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 | $1,019.36 | $1,015.58 | $1,021.42 | $1,020.62 |
Expenses Incurred During the Period | $ 5.90 | $ 9.70 | $ 3.82 | $ 4.63 |
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 | $1,042.30 | $1,037.98 | $1,044.55 | $1,043.53 |
Expenses Incurred During the Period | $ 6.23 | $ 10.07 | $ 4.02 | $ 4.94 |
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 | $1,019.11 | $1,015.32 | $1,021.27 | $1,020.37 |
Expenses Incurred During the Period | $ 6.16 | $ 9.96 | $ 3.97 | $ 4.89 |
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 | $1,042.98 | $1,039.60 | $1,044.99 | $1,043.79 |
Expenses Incurred During the Period | $ 6.39 | $ 10.23 | $ 4.38 | $ 5.10 |
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 | $1,018.95 | $1,015.17 | $1,020.92 | $1,020.21 |
Expenses Incurred During the Period | $ 6.31 | $ 10.11 | $ 4.33 | $ 5.04 |
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 | $1,039.59 | $1,035.42 | $1,041.23 | $1,040.69 |
Expenses Incurred During the Period | $ 6.17 | $ 10.00 | $ 4.37 | $ 4.89 |
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 | $1,019.16 | $1,015.38 | $1,020.92 | $1,020.42 |
Expenses Incurred During the Period | $ 6.11 | $ 9.91 | $ 4.33 | $ 4.84 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.5% | ||||||
COMMON STOCKS – 99.5% | ||||||
Aerospace & Defense – 3.1% | ||||||
127,615 | Northrop Grumman Corp | $45,586,630 | ||||
893,332 | Raytheon Technologies Corp | 79,381,482 | ||||
Total Aerospace & Defense | 124,968,112 | |||||
Automobiles – 1.7% | ||||||
2,390,571 | Ford Motor Co, (2) | 40,830,953 | ||||
891,415 | Volkswagen AG, ADR | 29,069,043 | ||||
Total Automobiles | 69,899,996 | |||||
Banks – 9.8% | ||||||
2,970,712 | Bank of America Corp | 141,940,619 | ||||
574,223 | Fifth Third Bancorp | 24,995,927 | ||||
3,568,547 | Huntington Bancshares Inc | 56,168,930 | ||||
978,786 | Truist Financial Corp | 62,123,547 | ||||
2,097,860 | Wells Fargo & Co | 107,326,518 | ||||
Total Banks | 392,555,541 | |||||
Beverages – 1.0% | ||||||
1,128,873 | Keurig Dr Pepper Inc | 40,741,027 | ||||
Biotechnology – 3.6% | ||||||
623,356 | AbbVie Inc | 71,480,232 | ||||
1,126,470 | Gilead Sciences Inc | 73,085,374 | ||||
Total Biotechnology | 144,565,606 | |||||
Building Products – 2.1% | ||||||
663,609 | Carrier Global Corp | 34,660,298 | ||||
695,418 | Johnson Controls International plc | 51,022,819 | ||||
Total Building Products | 85,683,117 | |||||
Capital Markets – 8.5% | ||||||
922,428 | Bank of New York Mellon Corp | 54,607,738 | ||||
1,353,070 | Charles Schwab Corp | 110,992,332 | ||||
214,552 | LPL Financial Holdings Inc | 35,190,819 | ||||
1,365,318 | Morgan Stanley | 140,327,384 | ||||
Total Capital Markets | 341,118,273 | |||||
Chemicals – 3.8% | ||||||
492,009 | CF Industries Holdings Inc | 27,946,111 | ||||
632,698 | DuPont de Nemours Inc | 44,035,781 | ||||
344,102 | International Flavors & Fragrances Inc | 50,737,840 |
Shares | Description (1) | Value | ||||
Chemicals (continued) | ||||||
428,722 | Nutrien Ltd | $ 29,971,955 | ||||
Total Chemicals | 152,691,687 | |||||
Commercial Services & Supplies – 2.1% | ||||||
536,265 | Waste Management Inc | 85,925,741 | ||||
Communications Equipment – 2.8% | ||||||
2,011,865 | Cisco Systems Inc | 112,604,084 | ||||
Consumer Finance – 1.6% | ||||||
225,046 | Discover Financial Services | 25,502,213 | ||||
875,740 | Synchrony Financial | 40,678,123 | ||||
Total Consumer Finance | 66,180,336 | |||||
Diversified Financial Services – 1.3% | ||||||
725,359 | Voya Financial Inc | 50,608,297 | ||||
Electric Utilities – 5.0% | ||||||
797,518 | Alliant Energy Corp | 45,115,593 | ||||
563,406 | American Electric Power Co Inc | 47,726,122 | ||||
488,052 | Evergy Inc | 31,113,315 | ||||
394,044 | NextEra Energy Inc | 33,623,775 | ||||
654,566 | Xcel Energy Inc | 42,278,418 | ||||
Total Electric Utilities | 199,857,223 | |||||
Electrical Equipment – 2.5% | ||||||
347,770 | Eaton Corp PLC | 57,298,585 | ||||
222,487 | Hubbell Inc | 44,357,233 | ||||
Total Electrical Equipment | 101,655,818 | |||||
Equity Real Estate Investment Trust – 3.6% | ||||||
304,359 | Crown Castle International Corp | 54,875,928 | ||||
138,425 | Extra Space Storage Inc | 27,320,942 | ||||
444,283 | Prologis Inc | 64,403,264 | ||||
Total Equity Real Estate Investment Trust | 146,600,134 | |||||
Food & Staples Retailing – 2.4% | ||||||
651,569 | Walmart Inc | 97,357,440 | ||||
Health Care Equipment & Supplies – 3.7% | ||||||
484,993 | Abbott Laboratories | 62,510,748 | ||||
706,845 | Medtronic PLC | 84,722,441 | ||||
Total Health Care Equipment & Supplies | 147,233,189 | |||||
Health Care Providers & Services – 7.5% | ||||||
204,855 | Anthem Inc | 89,138,556 | ||||
389,286 | Cigna Corp | 83,155,383 | ||||
90,193 | Humana Inc | 41,773,790 |
Shares | Description (1) | Value | ||||
Health Care Providers & Services (continued) | ||||||
189,639 | UnitedHealth Group Inc | $ 87,323,070 | ||||
Total Health Care Providers & Services | 301,390,799 | |||||
Hotels, Restaurants & Leisure – 4.1% | ||||||
366,583 | McDonald's Corp | 90,014,455 | ||||
265,483 | Wyndham Hotels & Resorts Inc | 22,425,349 | ||||
417,939 | Yum! Brands Inc | 52,217,299 | ||||
Total Hotels, Restaurants & Leisure | 164,657,103 | |||||
Household Durables – 0.7% | ||||||
1,181,284 | Newell Brands Inc | 27,039,591 | ||||
Independent Power & Renewable Electricity Producers – 0.5% | ||||||
495,115 | Brookfield Renewable Corp | 20,502,712 | ||||
Insurance – 3.7% | ||||||
161,554 | Everest Re Group Ltd | 42,246,371 | ||||
378,393 | Marsh & McLennan Cos Inc | 63,115,952 | ||||
186,449 | Willis Towers Watson PLC | 45,172,864 | ||||
Total Insurance | 150,535,187 | |||||
IT Services – 3.1% | ||||||
472,621 | Fidelity National Information Services Inc | 52,338,049 | ||||
340,027 | Visa Inc, Class A | 72,007,518 | ||||
Total IT Services | 124,345,567 | |||||
Machinery – 2.3% | ||||||
309,390 | Stanley Black & Decker Inc | 55,606,665 | ||||
419,036 | Westinghouse Air Brake Technologies Corp | 38,019,136 | ||||
Total Machinery | 93,625,801 | |||||
Media – 2.5% | ||||||
1,940,155 | Comcast Corp, Class A | 99,782,172 | ||||
Metals & Mining – 1.0% | ||||||
766,395 | Newmont Corp | 41,385,330 | ||||
Mortgage Real Estate Investment Trust – 1.8% | ||||||
2,645,866 | AGNC Investment Corp | 42,122,187 | ||||
3,451,088 | Annaly Capital Management Inc | 29,196,204 | ||||
Total Mortgage Real Estate Investment Trust | 71,318,391 | |||||
Oil, Gas & Consumable Fuels – 2.9% | ||||||
404,983 | Pioneer Natural Resources Co | 75,723,721 | ||||
501,777 | Valero Energy Corp | 38,802,416 | ||||
Total Oil, Gas & Consumable Fuels | 114,526,137 | |||||
Pharmaceuticals – 3.9% | ||||||
1,168,646 | AstraZeneca PLC, Sponsored ADR | 72,900,137 |
Shares | Description (1) | Value | ||||
Pharmaceuticals (continued) | ||||||
933,935 | Merck & Co Inc | $ 82,232,977 | ||||
Total Pharmaceuticals | 155,133,114 | |||||
Road & Rail – 1.7% | ||||||
281,839 | Union Pacific Corp | 68,035,935 | ||||
Semiconductors & Semiconductor Equipment – 2.6% | ||||||
452,684 | Applied Materials Inc | 61,859,269 | ||||
77,677 | Broadcom Inc | 41,298,530 | ||||
Total Semiconductors & Semiconductor Equipment | 103,157,799 | |||||
Tobacco – 2.6% | ||||||
1,091,631 | Philip Morris International Inc | 103,202,795 | ||||
Total Long-Term Investments (cost $3,273,000,532) | 3,998,884,054 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.1% | ||||||
REPURCHASE AGREEMENTS – 0.1% | ||||||
$ 3,587 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $3,586,563, collateralized $3,211,600 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $3,658,372 | 0.000% | 11/01/21 | $ 3,586,563 | ||
Total Short-Term Investments (cost $3,586,563) | 3,586,563 | |||||
Total Investments (cost $3,276,587,095) – 99.6% | 4,002,470,617 | |||||
Other Assets Less Liabilities – 0.4% | 16,964,952 | |||||
Net Assets – 100% | $ 4,019,435,569 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.5% | ||||||
COMMON STOCKS – 99.5% | ||||||
Aerospace & Defense – 2.9% | ||||||
8,021 | Airbus SE, ADR, (2) | $256,672 | ||||
1,498 | Northrop Grumman Corp | 535,116 | ||||
8,155 | Raytheon Technologies Corp | 724,653 | ||||
Total Aerospace & Defense | 1,516,441 | |||||
Auto Components – 0.9% | ||||||
2,655 | Aptiv PLC, (2) | 459,023 | ||||
Automobiles – 2.0% | ||||||
36,855 | Ford Motor Co, (2) | 629,483 | ||||
7,283 | General Motors Co, (2) | 396,414 | ||||
Total Automobiles | 1,025,897 | |||||
Banks – 4.2% | ||||||
33,984 | Huntington Bancshares Inc | 534,908 | ||||
721 | SVB Financial Group, (2) | 517,246 | ||||
22,232 | Wells Fargo & Co | 1,137,389 | ||||
Total Banks | 2,189,543 | |||||
Beverages – 0.8% | ||||||
4,639 | Monster Beverage Corp, (2) | 394,315 | ||||
Biotechnology – 3.9% | ||||||
6,986 | AbbVie Inc | 801,084 | ||||
991 | Biogen Inc, (2) | 264,280 | ||||
2,397 | BioNTech SE, ADR, (2) | 668,116 | ||||
1,630 | Vertex Pharmaceuticals Inc, (2) | 301,436 | ||||
Total Biotechnology | 2,034,916 | |||||
Building Products – 1.9% | ||||||
8,718 | Carrier Global Corp | 455,341 | ||||
7,389 | Johnson Controls International plc | 542,131 | ||||
Total Building Products | 997,472 | |||||
Capital Markets – 7.0% | ||||||
2,102 | Ameriprise Financial Inc | 635,077 | ||||
14,561 | Charles Schwab Corp | 1,194,439 | ||||
3,555 | LPL Financial Holdings Inc | 583,091 | ||||
12,267 | Morgan Stanley | 1,260,803 | ||||
Total Capital Markets | 3,673,410 |
Shares | Description (1) | Value | ||||
Chemicals – 3.5% | ||||||
18,933 | Axalta Coating Systems Ltd, (2) | $590,520 | ||||
3,670 | International Flavors & Fragrances Inc | 541,142 | ||||
5,487 | Nutrien Ltd | 383,596 | ||||
5,231 | Olin Corp | 298,062 | ||||
Total Chemicals | 1,813,320 | |||||
Commercial Services & Supplies – 1.3% | ||||||
4,093 | Waste Management Inc | 655,821 | ||||
Communications Equipment – 1.6% | ||||||
15,168 | Cisco Systems Inc | 848,953 | ||||
Consumer Finance – 1.4% | ||||||
16,256 | Synchrony Financial | 755,091 | ||||
Electric Utilities – 2.0% | ||||||
16,466 | Xcel Energy Inc | 1,063,539 | ||||
Electrical Equipment – 2.7% | ||||||
3,160 | Eaton Corp PLC | 520,641 | ||||
1,960 | Hubbell Inc | 390,765 | ||||
18,623 | Vertiv Holdings Co | 478,239 | ||||
Total Electrical Equipment | 1,389,645 | |||||
Entertainment – 1.7% | ||||||
5,216 | Walt Disney Co, (2) | 881,869 | ||||
Food & Staples Retailing – 1.5% | ||||||
5,406 | Walmart Inc | 807,765 | ||||
Health Care Equipment & Supplies – 4.0% | ||||||
6,260 | Abbott Laboratories | 806,851 | ||||
14,544 | Boston Scientific Corp, (2) | 627,283 | ||||
5,361 | Medtronic PLC | 642,570 | ||||
Total Health Care Equipment & Supplies | 2,076,704 | |||||
Health Care Providers & Services – 5.1% | ||||||
1,543 | Anthem Inc | 671,406 | ||||
2,370 | Cigna Corp | 506,256 | ||||
1,291 | Humana Inc | 597,939 | ||||
1,888 | UnitedHealth Group Inc | 869,367 | ||||
Total Health Care Providers & Services | 2,644,968 | |||||
Hotels, Restaurants & Leisure – 2.2% | ||||||
3,139 | McDonald's Corp | 770,781 | ||||
4,453 | Wyndham Hotels & Resorts Inc | 376,145 | ||||
Total Hotels, Restaurants & Leisure | 1,146,926 |
Shares | Description (1) | Value | ||||
Insurance – 1.0% | ||||||
2,254 | Willis Towers Watson PLC | $ 546,099 | ||||
Interactive Media & Services – 6.4% | ||||||
765 | Alphabet Inc, Class C, (2) | 2,268,539 | ||||
3,225 | Facebook Inc, (2) | 1,043,513 | ||||
Total Interactive Media & Services | 3,312,052 | |||||
Internet & Direct Marketing Retail – 3.8% | ||||||
591 | Amazon.com Inc, (2) | 1,993,106 | ||||
IT Services – 6.8% | ||||||
8,025 | Fiserv Inc, (2) | 790,382 | ||||
4,237 | Mastercard Inc | 1,421,598 | ||||
6,289 | Visa Inc, Class A | 1,331,822 | ||||
Total IT Services | 3,543,802 | |||||
Life Sciences Tools & Services – 1.2% | ||||||
2,378 | IQVIA Holdings Inc, (2) | 621,657 | ||||
Machinery – 2.5% | ||||||
1,301 | Deere & Co | 445,345 | ||||
2,721 | Stanley Black & Decker Inc | 489,046 | ||||
3,978 | Westinghouse Air Brake Technologies Corp | 360,924 | ||||
Total Machinery | 1,295,315 | |||||
Metals & Mining – 0.9% | ||||||
8,599 | Newmont Corp | 464,346 | ||||
Oil, Gas & Consumable Fuels – 1.2% | ||||||
3,346 | Pioneer Natural Resources Co | 625,635 | ||||
Pharmaceuticals – 3.3% | ||||||
15,018 | AstraZeneca PLC, Sponsored ADR | 936,823 | ||||
8,909 | Merck & Co Inc | 784,437 | ||||
Total Pharmaceuticals | 1,721,260 | |||||
Road & Rail – 1.4% | ||||||
3,020 | Union Pacific Corp | 729,028 | ||||
Semiconductors & Semiconductor Equipment – 6.4% | ||||||
1,542 | Broadcom Inc | 819,835 | ||||
1,558 | Lam Research Corp | 878,042 | ||||
8,616 | Marvell Technology Inc | 590,196 | ||||
3,795 | NXP Semiconductors NV | 762,264 | ||||
2,586 | Wolfspeed Inc, (2) | 310,604 | ||||
Total Semiconductors & Semiconductor Equipment | 3,360,941 |
Shares | Description (1) | Value | ||||
Software – 11.6% | ||||||
12,177 | Microsoft Corp | $4,038,137 | ||||
3,410 | salesforce.com Inc, (2) | 1,021,943 | ||||
1,390 | ServiceNow Inc, (2) | 969,886 | ||||
Total Software | 6,029,966 | |||||
Tobacco – 1.6% | ||||||
8,685 | Philip Morris International Inc | 821,080 | ||||
Trading Companies & Distributors – 0.8% | ||||||
3,407 | WESCO International Inc, (2) | 441,411 | ||||
Total Long-Term Investments (cost $38,889,027) | 51,881,316 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.6% | ||||||
REPURCHASE AGREEMENTS – 0.6% | ||||||
$ 293 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $293,243, collateralized $262,600 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $299,131 | 0.000% | 11/01/21 | $ 293,243 | ||
Total Short-Term Investments (cost $293,243) | 293,243 | |||||
Total Investments (cost $39,182,270) – 100.1% | 52,174,559 | |||||
Other Assets Less Liabilities – (0.1)% | (56,124) | |||||
Net Assets – 100% | $ 52,118,435 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Aerospace & Defense – 2.8% | ||||||
36,532 | Axon Enterprise Inc, (2) | $6,574,299 | ||||
49,597 | HEICO Corp | 6,233,351 | ||||
Total Aerospace & Defense | 12,807,650 | |||||
Auto Components – 1.6% | ||||||
40,669 | Aptiv PLC, (2) | 7,031,263 | ||||
Banks – 1.5% | ||||||
22,616 | Signature Bank | 6,735,497 | ||||
Beverages – 1.1% | ||||||
56,017 | Monster Beverage Corp, (2) | 4,761,445 | ||||
Biotechnology – 4.5% | ||||||
94,241 | Horizon Therapeutics Plc, (2) | 11,300,438 | ||||
25,217 | Seagen Inc, (2) | 4,446,514 | ||||
24,816 | United Therapeutics Corp, (2) | 4,733,900 | ||||
Total Biotechnology | 20,480,852 | |||||
Building Products – 1.2% | ||||||
52,196 | Trex Co Inc, (2) | 5,553,654 | ||||
Capital Markets – 2.4% | ||||||
16,279 | MSCI Inc | 10,823,582 | ||||
Chemicals – 1.1% | ||||||
94,819 | Avient Corp | 5,108,848 | ||||
Commercial Services & Supplies – 1.6% | ||||||
51,652 | Waste Connections Inc | 7,025,189 | ||||
Communications Equipment – 1.3% | ||||||
104,348 | Ciena Corp, (2) | 5,665,053 | ||||
Construction Materials – 1.0% | ||||||
132,717 | Summit Materials Inc, Class A, (2) | 4,731,361 | ||||
Consumer Finance – 1.1% | ||||||
110,969 | Synchrony Financial | 5,154,510 | ||||
Electrical Equipment – 2.3% | ||||||
20,955 | Generac Holdings Inc, (2) | 10,447,325 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 2.8% | ||||||
42,281 | Advanced Energy Industries Inc | $3,882,241 | ||||
102,112 | Cognex Corp | 8,943,990 | ||||
Total Electronic Equipment, Instruments & Components | 12,826,231 | |||||
Entertainment – 1.4% | ||||||
35,050 | Take-Two Interactive Software Inc, (2) | 6,344,050 | ||||
Food Products – 1.6% | ||||||
45,622 | Freshpet Inc, (2) | 7,112,926 | ||||
Health Care Equipment & Supplies – 6.8% | ||||||
7,041 | Align Technology Inc, (2) | 4,396,189 | ||||
18,256 | Dexcom Inc, (2) | 11,377,322 | ||||
23,460 | Insulet Corp, (2) | 7,273,069 | ||||
19,500 | Nevro Corp, (2) | 2,217,930 | ||||
19,653 | Penumbra Inc, (2) | 5,435,037 | ||||
Total Health Care Equipment & Supplies | 30,699,547 | |||||
Health Care Providers & Services – 0.8% | ||||||
75,672 | Oak Street Health Inc, (2) | 3,573,989 | ||||
Health Care Technology – 2.0% | ||||||
28,290 | Veeva Systems Inc, Class A, (2) | 8,968,213 | ||||
Hotels, Restaurants & Leisure – 5.1% | ||||||
58,054 | Caesars Entertainment Inc, (2) | 6,354,591 | ||||
3,015 | Chipotle Mexican Grill Inc, (2) | 5,363,775 | ||||
42,444 | Darden Restaurants Inc | 6,117,878 | ||||
31,942 | Wingstop Inc | 5,509,037 | ||||
Total Hotels, Restaurants & Leisure | 23,345,281 | |||||
Household Durables – 0.9% | ||||||
214,735 | Traeger Inc, (2) | 4,056,344 | ||||
Interactive Media & Services – 2.2% | ||||||
65,193 | Match Group Inc, (2) | 9,829,801 | ||||
Internet & Direct Marketing Retail – 0.9% | ||||||
55,245 | Chewy Inc, (2), (3) | 4,187,571 | ||||
IT Services – 2.3% | ||||||
84,524 | BigCommerce Holdings Inc, (2) | 3,905,854 | ||||
29,130 | VeriSign Inc, (2) | 6,486,377 | ||||
Total IT Services | 10,392,231 | |||||
Leisure Products – 2.5% | ||||||
71,116 | Peloton Interactive Inc, (2) | 6,502,847 |
Shares | Description (1) | Value | ||||
Leisure Products (continued) | ||||||
50,866 | YETI Holdings Inc, (2) | $ 5,001,654 | ||||
Total Leisure Products | 11,504,501 | |||||
Life Sciences Tools & Services – 4.7% | ||||||
15,092 | Charles River Laboratories International Inc, (2) | 6,771,478 | ||||
30,435 | IQVIA Holdings Inc, (2) | 7,956,318 | ||||
23,324 | Repligen Corp, (2) | 6,775,622 | ||||
Total Life Sciences Tools & Services | 21,503,418 | |||||
Machinery – 2.6% | ||||||
125,753 | Colfax Corp, (2) | 6,491,370 | ||||
87,261 | Donaldson Co Inc | 5,236,532 | ||||
Total Machinery | 11,727,902 | |||||
Oil, Gas & Consumable Fuels – 1.6% | ||||||
39,451 | Pioneer Natural Resources Co | 7,376,548 | ||||
Road & Rail – 3.2% | ||||||
33,889 | JB Hunt Transport Services Inc | 6,682,572 | ||||
25,074 | Saia Inc, (2) | 7,839,135 | ||||
Total Road & Rail | 14,521,707 | |||||
Semiconductors & Semiconductor Equipment – 5.3% | ||||||
114,232 | Microchip Technology Inc | 8,463,449 | ||||
41,830 | MKS Instruments Inc | 6,276,591 | ||||
17,991 | Monolithic Power Systems Inc | 9,453,551 | ||||
Total Semiconductors & Semiconductor Equipment | 24,193,591 | |||||
Software – 21.8% | ||||||
111,028 | Anaplan Inc, (2) | 7,240,136 | ||||
32,156 | Avalara Inc, (2) | 5,776,504 | ||||
17,969 | Crowdstrike Holdings Inc, (2) | 5,063,664 | ||||
34,122 | CyberArk Software Ltd, (2) | 6,145,713 | ||||
32,335 | DocuSign Inc, (2) | 8,998,507 | ||||
33,084 | Elastic NV, (2) | 5,740,405 | ||||
11,230 | HubSpot Inc, (2) | 9,098,883 | ||||
94,940 | Jamf Holding Corp, (2) | 4,523,891 | ||||
67,145 | LivePerson Inc, (2) | 3,458,639 | ||||
15,075 | Paycom Software Inc, (2) | 8,258,839 | ||||
29,664 | RingCentral Inc, Class A, (2) | 7,231,490 | ||||
55,639 | SentinelOne Inc, (2) | 3,694,430 | ||||
36,102 | Sprout Social Inc, Class A, (2) | 4,609,503 | ||||
38,408 | Synopsys Inc, (2) | 12,796,778 | ||||
19,548 | Zscaler Inc, (2) | 6,233,075 | ||||
Total Software | 98,870,457 |
Shares | Description (1) | Value | ||||
Specialty Retail – 2.7% | ||||||
20,761 | Burlington Stores Inc, (2) | $5,736,057 | ||||
18,269 | Ulta Beauty Inc, (2) | 6,711,300 | ||||
Total Specialty Retail | 12,447,357 | |||||
Textiles, Apparel & Luxury Goods – 5.1% | ||||||
169,750 | Levi Strauss & Co, Class A | 4,444,055 | ||||
27,550 | Lululemon Athletica Inc, (2) | 12,838,575 | ||||
318,327 | Under Armour Inc, (2) | 6,010,014 | ||||
Total Textiles, Apparel & Luxury Goods | 23,292,644 | |||||
Total Long-Term Investments (cost $329,711,753) | 453,100,538 |
Shares | Description (1) | Coupon | Value | |||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.7% | ||||||
MONEY MARKET FUNDS – 0.7% | ||||||
2,989,014 | State Street Navigator Securities Lending Government Money Market Portfolio, (4) | 0.030% (5) | $ 2,989,014 | |||
Total Investments Purchased with Collateral from Securities Lending (cost $2,989,014) | 2,989,014 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.4% | ||||||
REPURCHASE AGREEMENTS – 0.4% | ||||||
$ 1,844 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $1,844,428, collateralized $1,651,600 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $1,881,357 | 0.000% | 11/01/21 | $ 1,844,428 | ||
Total Short-Term Investments (cost $1,844,428) | 1,844,428 | |||||
Total Investments (cost $334,545,195) – 100.9% | 457,933,980 | |||||
Other Assets Less Liabilities – (0.9)% | (4,020,512) | |||||
Net Assets – 100% | $ 453,913,468 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(3) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $3,051,329. | |
(4) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. | |
(5) | The rate shown is the one-day yield as of the end of the reporting period. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.6% | ||||||
COMMON STOCKS – 99.6% | ||||||
Airlines – 1.3% | ||||||
99,856 | Alaska Air Group Inc, (2) | $ 5,272,397 | ||||
Banks – 6.2% | ||||||
54,985 | East West Bancorp Inc | 4,370,208 | ||||
133,904 | Fifth Third Bancorp | 5,828,841 | ||||
19,829 | First Republic Bank | 4,289,608 | ||||
19,681 | Signature Bank | 5,861,395 | ||||
39,715 | Western Alliance Bancorp | 4,610,514 | ||||
Total Banks | 24,960,566 | |||||
Biotechnology – 2.4% | ||||||
143,017 | Alkermes PLC, (2) | 4,331,985 | ||||
29,128 | United Therapeutics Corp, (2) | 5,556,457 | ||||
Total Biotechnology | 9,888,442 | |||||
Building Products – 3.2% | ||||||
121,774 | Carrier Global Corp | 6,360,256 | ||||
71,857 | Owens Corning | 6,712,162 | ||||
Total Building Products | 13,072,418 | |||||
Capital Markets – 4.0% | ||||||
25,418 | Evercore Inc | 3,859,469 | ||||
36,485 | Northern Trust Corp | 4,489,114 | ||||
80,547 | Raymond James Financial Inc | 7,941,129 | ||||
Total Capital Markets | 16,289,712 | |||||
Chemicals – 5.4% | ||||||
31,165 | Celanese Corp | 5,033,459 | ||||
184,883 | Huntsman Corp | 6,023,488 | ||||
81,512 | Olin Corp | 4,644,554 | ||||
39,105 | PPG Industries Inc | 6,279,090 | ||||
Total Chemicals | 21,980,591 | |||||
Communications Equipment – 1.6% | ||||||
116,167 | Ciena Corp, (2) | 6,306,706 | ||||
Construction Materials – 1.8% | ||||||
206,730 | Summit Materials Inc, Class A, (2) | 7,369,925 | ||||
Consumer Finance – 1.5% | ||||||
117,041 | OneMain Holdings Inc | 6,180,935 |
Shares | Description (1) | Value | ||||
Diversified Financial Services – 1.8% | ||||||
103,522 | Voya Financial Inc | $ 7,222,730 | ||||
Electric Utilities – 1.6% | ||||||
64,158 | Entergy Corp | 6,609,557 | ||||
Electrical Equipment – 1.3% | ||||||
27,174 | Hubbell Inc | 5,417,680 | ||||
Electronic Equipment, Instruments & Components – 1.4% | ||||||
151,176 | Avnet Inc | 5,761,317 | ||||
Equity Real Estate Investment Trust – 9.3% | ||||||
256,528 | Apple Hospitality REIT Inc | 4,030,055 | ||||
279,195 | Brandywine Realty Trust | 3,699,334 | ||||
74,072 | EPR Properties | 3,719,155 | ||||
118,965 | First Industrial Realty Trust Inc | 6,927,332 | ||||
88,772 | Highwoods Properties Inc | 3,980,537 | ||||
134,501 | Invitation Homes Inc | 5,548,166 | ||||
18,797 | Mid-America Apartment Communities Inc | 3,838,535 | ||||
80,326 | Regency Centers Corp | 5,655,754 | ||||
Total Equity Real Estate Investment Trust | 37,398,868 | |||||
Health Care Equipment & Supplies – 2.2% | ||||||
92,477 | Envista Holdings Corp, (2) | 3,615,851 | ||||
36,785 | Zimmer Biomet Holdings Inc | 5,264,669 | ||||
Total Health Care Equipment & Supplies | 8,880,520 | |||||
Health Care Providers & Services – 3.3% | ||||||
99,020 | Centene Corp, (2) | 7,054,185 | ||||
229,708 | Option Care Health Inc, (2) | 6,277,919 | ||||
Total Health Care Providers & Services | 13,332,104 | |||||
Hotels, Restaurants & Leisure – 4.2% | ||||||
35,234 | Darden Restaurants Inc | 5,078,629 | ||||
124,899 | MGM Resorts International | 5,890,237 | ||||
109,388 | Travel + Leisure Co | 5,944,144 | ||||
Total Hotels, Restaurants & Leisure | 16,913,010 | |||||
Household Durables – 2.4% | ||||||
57,564 | DR Horton Inc | 5,138,738 | ||||
22,372 | Whirlpool Corp | 4,716,689 | ||||
Total Household Durables | 9,855,427 | |||||
Household Products – 2.4% | ||||||
88,371 | Energizer Holdings Inc | 3,222,890 | ||||
68,938 | Spectrum Brands Holdings Inc | 6,462,938 | ||||
Total Household Products | 9,685,828 |
Shares | Description (1) | Value | ||||
Insurance – 3.2% | ||||||
102,150 | Hartford Financial Services Group Inc | $7,449,799 | ||||
46,997 | Reinsurance Group of America Inc, Class A | 5,549,406 | ||||
Total Insurance | 12,999,205 | |||||
IT Services – 1.0% | ||||||
19,099 | VeriSign Inc, (2) | 4,252,774 | ||||
Leisure Products – 1.8% | ||||||
77,239 | Brunswick Corp | 7,190,179 | ||||
Machinery – 7.0% | ||||||
32,548 | AGCO Corp | 3,977,691 | ||||
64,766 | Crane Co | 6,689,033 | ||||
63,637 | PACCAR Inc | 5,703,148 | ||||
19,083 | Parker-Hannifin Corp | 5,659,827 | ||||
34,370 | Stanley Black & Decker Inc | 6,177,320 | ||||
Total Machinery | 28,207,019 | |||||
Media – 0.7% | ||||||
152,079 | TEGNA Inc | 2,989,873 | ||||
Metals & Mining – 1.6% | ||||||
100,191 | Steel Dynamics Inc | 6,620,621 | ||||
Mortgage Real Estate Investment Trust – 1.3% | ||||||
200,562 | Starwood Property Trust Inc | 5,108,314 | ||||
Multiline Retail – 0.8% | ||||||
13,875 | Dollar General Corp | 3,073,590 | ||||
Multi-Utilities – 4.8% | ||||||
60,802 | Ameren Corp | 5,125,000 | ||||
290,369 | CenterPoint Energy Inc | 7,561,209 | ||||
102,705 | Public Service Enterprise Group Inc | 6,552,579 | ||||
Total Multi-Utilities | 19,238,788 | |||||
Oil, Gas & Consumable Fuels – 5.6% | ||||||
229,784 | Devon Energy Corp | 9,209,743 | ||||
44,388 | Pioneer Natural Resources Co | 8,299,668 | ||||
176,097 | Williams Cos Inc | 4,946,565 | ||||
Total Oil, Gas & Consumable Fuels | 22,455,976 | |||||
Pharmaceuticals – 0.8% | ||||||
23,020 | Jazz Pharmaceuticals PLC, (2) | 3,062,581 | ||||
Road & Rail – 1.8% | ||||||
64,744 | TFI International Inc | 7,175,578 |
Shares | Description (1) | Value | ||||
Semiconductors & Semiconductor Equipment – 4.0% | ||||||
145,564 | Marvell Technology Inc | $9,971,134 | ||||
50,808 | Wolfspeed Inc, (2) | 6,102,549 | ||||
Total Semiconductors & Semiconductor Equipment | 16,073,683 | |||||
Software – 2.9% | ||||||
30,611 | Check Point Software Technologies Ltd, (2) | 3,661,076 | ||||
24,229 | Synopsys Inc, (2) | 8,072,618 | ||||
Total Software | 11,733,694 | |||||
Specialty Retail – 2.5% | ||||||
39,498 | AutoNation Inc, (2) | 4,783,998 | ||||
42,027 | Best Buy Co Inc | 5,137,380 | ||||
Total Specialty Retail | 9,921,378 | |||||
Thrifts & Mortgage Finance – 1.1% | ||||||
182,848 | Radian Group Inc | 4,364,582 | ||||
Trading Companies & Distributors – 1.4% | ||||||
43,319 | WESCO International Inc, (2) | 5,612,410 | ||||
Total Long-Term Investments (cost $270,426,818) | 402,478,978 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.5% | ||||||
REPURCHASE AGREEMENTS – 0.5% | ||||||
$ 2,008 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $2,008,393, collateralized $1,798,400 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $2,048,579 | 0.000% | 11/01/21 | $ 2,008,393 | ||
Total Short-Term Investments (cost $2,008,393) | 2,008,393 | |||||
Total Investments (cost $272,435,211) – 100.1% | 404,487,371 | |||||
Other Assets Less Liabilities – (0.1)% | (350,146) | |||||
Net Assets – 100% | $ 404,137,225 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
REIT | Real Estate Investment Trust |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.1% | ||||||
COMMON STOCKS – 99.1% | ||||||
Auto Components – 1.5% | ||||||
33,281 | Fox Factory Holding Corp, (2) | $ 5,356,577 | ||||
Banks – 2.1% | ||||||
76,049 | Ameris Bancorp | 3,984,207 | ||||
52,198 | Preferred Bank | 3,579,217 | ||||
Total Banks | 7,563,424 | |||||
Beverages – 1.1% | ||||||
60,584 | MGP Ingredients Inc | 3,890,099 | ||||
Biotechnology – 6.7% | ||||||
189,198 | Affimed NV, (2) | 1,286,546 | ||||
30,449 | Arena Pharmaceuticals Inc, (2) | 1,747,468 | ||||
33,478 | Arrowhead Pharmaceuticals Inc, (2) | 2,136,566 | ||||
29,961 | Blueprint Medicines Corp, (2) | 3,370,313 | ||||
45,880 | Bridgebio Pharma Inc, (2) | 2,265,555 | ||||
34,747 | Fate Therapeutics Inc, (2) | 1,869,389 | ||||
61,448 | Halozyme Therapeutics Inc, (2) | 2,339,325 | ||||
21,749 | Intellia Therapeutics Inc, (2) | 2,892,182 | ||||
83,217 | Iovance Biotherapeutics Inc, (2) | 2,023,005 | ||||
39,991 | Natera Inc, (2) | 4,581,769 | ||||
Total Biotechnology | 24,512,118 | |||||
Building Products – 1.3% | ||||||
127,854 | AZEK Co Inc, (2) | 4,690,963 | ||||
Capital Markets – 1.1% | ||||||
25,980 | Evercore Inc | 3,944,803 | ||||
Chemicals – 2.6% | ||||||
80,555 | Avient Corp | 4,340,303 | ||||
69,200 | Ingevity Corporation, (2) | 5,391,372 | ||||
Total Chemicals | 9,731,675 | |||||
Commercial Services & Supplies – 1.6% | ||||||
33,711 | Tetra Tech Inc | 5,921,674 | ||||
Construction Materials – 1.2% | ||||||
122,705 | Summit Materials Inc, Class A, (2) | 4,374,433 |
Shares | Description (1) | Value | ||||
Diversified Telecommunication Services – 0.8% | ||||||
36,238 | Bandwidth Inc, Class A, (2) | $ 3,090,377 | ||||
Electronic Equipment, Instruments & Components – 2.5% | ||||||
46,672 | Advanced Energy Industries Inc | 4,285,423 | ||||
82,232 | II-VI Inc, (2) | 4,975,858 | ||||
Total Electronic Equipment, Instruments & Components | 9,261,281 | |||||
Equity Real Estate Investment Trust – 2.0% | ||||||
23,439 | EastGroup Properties Inc | 4,635,765 | ||||
279,966 | Summit Hotel Properties Inc, (2) | 2,799,660 | ||||
Total Equity Real Estate Investment Trust | 7,435,425 | |||||
Food Products – 1.3% | ||||||
29,588 | Freshpet Inc, (2) | 4,613,065 | ||||
Health Care Equipment & Supplies – 8.2% | ||||||
71,521 | AtriCure Inc, (2) | 5,368,366 | ||||
70,736 | Axonics Inc, (2) | 5,188,486 | ||||
87,578 | BioLife Solutions Inc, (2) | 4,654,771 | ||||
45,466 | Establishment Labs Holdings Inc, (2) | 3,707,298 | ||||
29,021 | Nevro Corp, (2) | 3,300,848 | ||||
91,985 | Tactile Systems Technology Inc, (2) | 3,172,563 | ||||
34,089 | Tandem Diabetes Care Inc, (2) | 4,647,353 | ||||
Total Health Care Equipment & Supplies | 30,039,685 | |||||
Health Care Providers & Services – 6.1% | ||||||
76,425 | Acadia Healthcare Co Inc, (2) | 4,738,350 | ||||
48,616 | Addus HomeCare Corp, (2) | 4,545,596 | ||||
31,488 | AMN Healthcare Services Inc, (2) | 3,107,866 | ||||
66,379 | Ensign Group Inc | 5,178,226 | ||||
75,763 | HealthEquity Inc, (2) | 5,013,995 | ||||
Total Health Care Providers & Services | 22,584,033 | |||||
Health Care Technology – 3.1% | ||||||
19,892 | Inspire Medical Systems Inc, (2) | 5,362,486 | ||||
34,462 | Omnicell Inc, (2) | 6,139,405 | ||||
Total Health Care Technology | 11,501,891 | |||||
Hotels, Restaurants & Leisure – 4.1% | ||||||
178,711 | Everi Holdings Inc, (2) | 4,289,064 | ||||
44,017 | Papa John's International Inc | 5,461,629 | ||||
30,125 | Wingstop Inc | 5,195,659 | ||||
Total Hotels, Restaurants & Leisure | 14,946,352 | |||||
Household Durables – 3.6% | ||||||
54,413 | Lovesac Co, (2) | 4,244,758 | ||||
23,458 | TopBuild Corp, (2) | 6,028,003 |
Shares | Description (1) | Value | ||||
Household Durables (continued) | ||||||
155,445 | Traeger Inc, (2) | $ 2,936,356 | ||||
Total Household Durables | 13,209,117 | |||||
Insurance – 1.2% | ||||||
23,073 | Kinsale Capital Group Inc | 4,318,112 | ||||
Interactive Media & Services – 1.3% | ||||||
240,087 | Eventbrite Inc, Class A, (2) | 4,859,361 | ||||
IT Services – 2.1% | ||||||
74,054 | BigCommerce Holdings Inc, (2) | 3,422,036 | ||||
277,799 | Verra Mobility Corp, (2) | 4,133,649 | ||||
Total IT Services | 7,555,685 | |||||
Machinery – 5.4% | ||||||
55,955 | ESCO Technologies Inc | 4,731,555 | ||||
41,666 | John Bean Technologies Corp | 6,156,152 | ||||
128,921 | Shyft Group Inc | 5,312,834 | ||||
61,881 | SPX Corp, (2) | 3,594,667 | ||||
Total Machinery | 19,795,208 | |||||
Media – 1.0% | ||||||
142,299 | Magnite Inc, (2) | 3,846,342 | ||||
Oil, Gas & Consumable Fuels – 2.6% | ||||||
91,132 | Civitas Resources Inc | 5,116,151 | ||||
107,693 | Matador Resources Co | 4,506,952 | ||||
Total Oil, Gas & Consumable Fuels | 9,623,103 | |||||
Personal Products – 1.2% | ||||||
140,007 | elf Beauty Inc, (2) | 4,523,626 | ||||
Pharmaceuticals – 0.9% | ||||||
65,864 | Pacira BioSciences Inc, (2) | 3,443,370 | ||||
Professional Services – 2.5% | ||||||
41,577 | ASGN Inc, (2) | 4,975,104 | ||||
41,622 | ICF International Inc | 4,182,595 | ||||
Total Professional Services | 9,157,699 | |||||
Road & Rail – 2.0% | ||||||
23,863 | Saia Inc, (2) | 7,460,528 | ||||
Semiconductors & Semiconductor Equipment – 5.6% | ||||||
88,270 | Lattice Semiconductor Corp, (2) | 6,129,469 | ||||
93,947 | MACOM Technology Solutions Holdings Inc, (2) | 6,559,379 | ||||
42,588 | Silicon Laboratories Inc, (2) | 8,038,911 | ||||
Total Semiconductors & Semiconductor Equipment | 20,727,759 |
Shares | Description (1) | Value | ||||
Software – 14.1% | ||||||
34,551 | Asana Inc, Class A, (2) | $4,692,026 | ||||
48,145 | Blackline Inc, (2) | 6,108,156 | ||||
57,964 | CommVault Systems Inc, (2) | 3,564,786 | ||||
24,337 | CyberArk Software Ltd, (2) | 4,383,337 | ||||
54,352 | Envestnet Inc, (2) | 4,538,392 | ||||
109,446 | Jamf Holding Corp, (2) | 5,215,102 | ||||
58,856 | LivePerson Inc, (2) | 3,031,672 | ||||
35,872 | Q2 Holdings Inc, (2) | 2,814,517 | ||||
41,573 | Rapid7 Inc, (2) | 5,352,524 | ||||
34,999 | SentinelOne Inc, (2) | 2,323,934 | ||||
35,276 | Sprout Social Inc, Class A, (2) | 4,504,040 | ||||
591,081 | Videopropulsion Inc, (2), (3) | 591 | ||||
37,068 | Workiva Inc, (2) | 5,543,519 | ||||
Total Software | 52,072,596 | |||||
Specialty Retail – 2.7% | ||||||
62,483 | Boot Barn Holdings Inc, (2) | 6,528,849 | ||||
109,077 | Urban Outfitters Inc, (2) | 3,482,828 | ||||
Total Specialty Retail | 10,011,677 | |||||
Textiles, Apparel & Luxury Goods – 4.4% | ||||||
47,907 | Crocs Inc, (2) | 7,734,585 | ||||
64,457 | Kontoor Brands Inc | 3,416,221 | ||||
115,782 | Steven Madden Ltd | 5,221,768 | ||||
Total Textiles, Apparel & Luxury Goods | 16,372,574 | |||||
Trading Companies & Distributors – 1.2% | ||||||
45,469 | Applied Industrial Technologies Inc | 4,432,318 | ||||
Total Long-Term Investments (cost $283,719,808) | 364,866,950 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 2.3% | ||||||
REPURCHASE AGREEMENTS – 2.3% | ||||||
$ 8,503 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $8,502,842, collateralized $7,613,800 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $8,672,971 | 0.000% | 11/01/21 | $ 8,502,842 | ||
Total Short-Term Investments (cost $8,502,842) | 8,502,842 | |||||
Total Investments (cost $292,222,650) – 101.4% | 373,369,792 | |||||
Other Assets Less Liabilities – (1.4)% | (5,086,501) | |||||
Net Assets – 100% | $ 368,283,291 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(3) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 100.2% | ||||||
COMMON STOCKS – 100.2% | ||||||
Air Freight & Logistics – 1.3% | ||||||
25,532 | Hub Group Inc, Class A, (2) | $ 2,006,049 | ||||
Auto Components – 1.3% | ||||||
12,812 | Fox Factory Holding Corp, (2) | 2,062,091 | ||||
Banks – 9.8% | ||||||
28,178 | Ameris Bancorp | 1,476,245 | ||||
38,588 | Banner Corp | 2,228,843 | ||||
72,876 | Home BancShares Inc | 1,731,534 | ||||
45,103 | PacWest Bancorp | 2,141,039 | ||||
19,931 | Pinnacle Financial Partners Inc | 1,924,737 | ||||
23,697 | Preferred Bank | 1,624,903 | ||||
44,094 | Veritex Holdings Inc | 1,805,649 | ||||
27,791 | Wintrust Financial Corp | 2,459,504 | ||||
Total Banks | 15,392,454 | |||||
Beverages – 1.1% | ||||||
27,613 | MGP Ingredients Inc | 1,773,031 | ||||
Biotechnology – 4.2% | ||||||
11,525 | Arena Pharmaceuticals Inc, (2) | 661,420 | ||||
6,141 | Arrowhead Pharmaceuticals Inc, (2) | 391,919 | ||||
6,842 | Blueprint Medicines Corp, (2) | 769,656 | ||||
15,714 | Bridgebio Pharma Inc, (2) | 775,957 | ||||
11,832 | Fate Therapeutics Inc, (2) | 636,561 | ||||
18,399 | Halozyme Therapeutics Inc, (2) | 700,450 | ||||
5,848 | Intellia Therapeutics Inc, (2) | 777,667 | ||||
27,599 | Iovance Biotherapeutics Inc, (2) | 670,932 | ||||
10,182 | Natera Inc, (2) | 1,166,552 | ||||
Total Biotechnology | 6,551,114 | |||||
Building Products – 1.3% | ||||||
55,036 | AZEK Co Inc, (2) | 2,019,271 | ||||
Capital Markets – 3.3% | ||||||
14,546 | Evercore Inc | 2,208,665 | ||||
17,547 | Piper Sandler Cos | 2,889,815 | ||||
Total Capital Markets | 5,098,480 |
Shares | Description (1) | Value | ||||
Chemicals – 2.6% | ||||||
41,586 | Avient Corp | $2,240,654 | ||||
24,908 | HB Fuller Co | 1,756,263 | ||||
Total Chemicals | 3,996,917 | |||||
Commercial Services & Supplies – 1.2% | ||||||
49,733 | Herman Miller Inc | 1,935,608 | ||||
Construction Materials – 1.2% | ||||||
54,202 | Summit Materials Inc, Class A, (2) | 1,932,301 | ||||
Consumer Finance – 1.1% | ||||||
33,519 | Regional Management Corp | 1,712,151 | ||||
Diversified Telecommunication Services – 0.7% | ||||||
12,613 | Bandwidth Inc, Class A, (2) | 1,075,637 | ||||
Electrical Equipment – 1.3% | ||||||
13,624 | Regal Rexnord Corp | 2,075,344 | ||||
Electronic Equipment, Instruments & Components – 2.1% | ||||||
18,688 | Advanced Energy Industries Inc | 1,715,932 | ||||
123,571 | TTM Technologies Inc, (2) | 1,636,080 | ||||
Total Electronic Equipment, Instruments & Components | 3,352,012 | |||||
Equity Real Estate Investment Trust – 5.4% | ||||||
106,692 | Brandywine Realty Trust | 1,413,669 | ||||
9,754 | EastGroup Properties Inc | 1,929,146 | ||||
61,444 | Industrial Logistics Properties Trust | 1,725,962 | ||||
47,031 | STAG Industrial Inc | 2,047,259 | ||||
131,664 | Summit Hotel Properties Inc, (2) | 1,316,640 | ||||
Total Equity Real Estate Investment Trust | 8,432,676 | |||||
Gas Utilities – 1.2% | ||||||
28,980 | Spire Inc | 1,818,785 | ||||
Health Care Equipment & Supplies – 6.3% | ||||||
25,689 | AtriCure Inc, (2) | 1,928,216 | ||||
24,449 | Axonics Inc, (2) | 1,793,334 | ||||
30,418 | BioLife Solutions Inc, (2) | 1,616,717 | ||||
18,950 | Establishment Labs Holdings Inc, (2) | 1,545,183 | ||||
30,696 | Tactile Systems Technology Inc, (2) | 1,058,705 | ||||
14,497 | Tandem Diabetes Care Inc, (2) | 1,976,376 | ||||
Total Health Care Equipment & Supplies | 9,918,531 | |||||
Health Care Providers & Services – 6.9% | ||||||
33,363 | Acadia Healthcare Co Inc, (2) | 2,068,506 | ||||
14,025 | AMN Healthcare Services Inc, (2) | 1,384,268 |
Shares | Description (1) | Value | ||||
Health Care Providers & Services (continued) | ||||||
27,201 | HealthEquity Inc, (2) | $1,800,162 | ||||
62,983 | Option Care Health Inc, (2) | 1,721,325 | ||||
49,505 | Select Medical Holdings Corp | 1,644,556 | ||||
30,974 | Tenet Healthcare Corp, (2) | 2,219,597 | ||||
Total Health Care Providers & Services | 10,838,414 | |||||
Health Care Technology – 1.4% | ||||||
4,535 | Consensus Cloud Solutions Inc, (2) | 287,202 | ||||
10,469 | Omnicell Inc, (2) | 1,865,052 | ||||
Total Health Care Technology | 2,152,254 | |||||
Hotels, Restaurants & Leisure – 4.2% | ||||||
73,490 | Everi Holdings Inc, (2) | 1,763,760 | ||||
97,776 | Noodles & Co, (2) | 1,187,978 | ||||
15,822 | Papa John's International Inc | 1,963,194 | ||||
18,886 | Texas Roadhouse Inc | 1,677,266 | ||||
Total Hotels, Restaurants & Leisure | 6,592,198 | |||||
Household Durables – 2.1% | ||||||
18,275 | Meritage Homes Corp, (2) | 1,986,675 | ||||
66,774 | Traeger Inc, (2) | 1,261,361 | ||||
Total Household Durables | 3,248,036 | |||||
Interactive Media & Services – 1.0% | ||||||
75,334 | Eventbrite Inc, Class A, (2) | 1,524,760 | ||||
IT Services – 1.8% | ||||||
23,327 | BigCommerce Holdings Inc, (2) | 1,077,941 | ||||
113,854 | Verra Mobility Corp, (2) | 1,694,147 | ||||
Total IT Services | 2,772,088 | |||||
Machinery – 4.8% | ||||||
37,955 | Altra Industrial Motion Corp | 1,979,353 | ||||
16,499 | ESCO Technologies Inc | 1,395,156 | ||||
54,638 | Shyft Group Inc | 2,251,632 | ||||
33,404 | SPX Corp, (2) | 1,940,438 | ||||
Total Machinery | 7,566,579 | |||||
Media – 1.0% | ||||||
57,033 | Magnite Inc, (2) | 1,541,602 | ||||
Metals & Mining – 0.7% | ||||||
22,646 | Alcoa Corp | 1,040,584 | ||||
Mortgage Real Estate Investment Trust – 0.8% | ||||||
106,671 | Ladder Capital Corp | 1,280,052 |
Shares | Description (1) | Value | ||||
Multi-Utilities – 1.2% | ||||||
29,336 | Black Hills Corp | $ 1,947,324 | ||||
Oil, Gas & Consumable Fuels – 4.8% | ||||||
48,746 | Civitas Resources Inc | 2,736,601 | ||||
86,315 | Northern Oil and Gas Inc | 1,999,055 | ||||
53,025 | PDC Energy Inc | 2,773,738 | ||||
Total Oil, Gas & Consumable Fuels | 7,509,394 | |||||
Personal Products – 1.3% | ||||||
60,923 | elf Beauty Inc, (2) | 1,968,422 | ||||
Pharmaceuticals – 0.8% | ||||||
22,604 | Pacira BioSciences Inc, (2) | 1,181,737 | ||||
Professional Services – 2.2% | ||||||
13,197 | ASGN Inc, (2) | 1,579,153 | ||||
17,936 | ICF International Inc | 1,802,389 | ||||
Total Professional Services | 3,381,542 | |||||
Road & Rail – 2.2% | ||||||
11,125 | Saia Inc, (2) | 3,478,120 | ||||
Semiconductors & Semiconductor Equipment – 4.4% | ||||||
31,858 | Lattice Semiconductor Corp, (2) | 2,212,219 | ||||
32,057 | MACOM Technology Solutions Holdings Inc, (2) | 2,238,220 | ||||
13,331 | Silicon Laboratories Inc, (2) | 2,516,360 | ||||
Total Semiconductors & Semiconductor Equipment | 6,966,799 | |||||
Software – 7.1% | ||||||
11,472 | Asana Inc, Class A, (2) | 1,557,898 | ||||
27,570 | CommVault Systems Inc, (2) | 1,695,555 | ||||
10,505 | CyberArk Software Ltd, (2) | 1,892,055 | ||||
27,565 | LivePerson Inc, (2) | 1,419,873 | ||||
23,611 | Tenable Holdings Inc, (2) | 1,257,286 | ||||
13,526 | Workiva Inc, (2) | 2,022,813 | ||||
10,484 | Ziff Davis Inc, (2) | 1,344,783 | ||||
Total Software | 11,190,263 | |||||
Specialty Retail – 0.9% | ||||||
46,612 | Urban Outfitters Inc, (2) | 1,488,321 | ||||
Textiles, Apparel & Luxury Goods – 2.3% | ||||||
24,238 | Kontoor Brands Inc | 1,284,614 | ||||
51,666 | Steven Madden Ltd | 2,330,137 | ||||
Total Textiles, Apparel & Luxury Goods | 3,614,751 | |||||
Trading Companies & Distributors – 2.9% | ||||||
24,294 | Applied Industrial Technologies Inc | 2,368,179 |
Shares | Description (1) | Value | ||||
Trading Companies & Distributors (continued) | ||||||
39,670 | Beacon Roofing Supply Inc, (2) | $ 2,097,353 | ||||
Total Trading Companies & Distributors | 4,465,532 | |||||
Total Long-Term Investments (cost $121,490,332) | 156,901,224 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.6% | ||||||
REPURCHASE AGREEMENTS – 0.6% | ||||||
$ 935 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $934,790, collateralized $837,100 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $953,551 | 0.000% | 11/01/21 | $ 934,790 | ||
Total Short-Term Investments (cost $934,790) | 934,790 | |||||
Total Investments (cost $122,425,122) – 100.8% | 157,836,014 | |||||
Other Assets Less Liabilities – (0.8)% | (1,229,800) | |||||
Net Assets – 100% | $ 156,606,214 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.9% | ||||||
COMMON STOCKS – 98.9% | ||||||
Aerospace & Defense – 0.5% | ||||||
111,761 | Parsons Corp, (2) | $ 3,871,401 | ||||
Air Freight & Logistics – 1.4% | ||||||
396,550 | Air Transport Services Group Inc, (2) | 9,870,130 | ||||
Auto Components – 1.3% | ||||||
420,849 | Dana Inc | 9,338,639 | ||||
Automobiles – 1.2% | ||||||
84,719 | Thor Industries Inc | 8,637,949 | ||||
Banks – 15.5% | ||||||
194,663 | Ameris Bancorp | 10,198,394 | ||||
234,888 | Banner Corp | 13,567,131 | ||||
250,718 | Cathay General Bancorp | 10,577,792 | ||||
331,102 | ConnectOne Bancorp Inc | 11,168,070 | ||||
258,309 | First Interstate BancSystem Inc | 10,737,905 | ||||
219,414 | Heartland Financial USA Inc | 10,997,030 | ||||
675,709 | Investors Bancorp Inc | 10,338,348 | ||||
114,387 | Pinnacle Financial Partners Inc | 11,046,353 | ||||
167,480 | Preferred Bank | 11,484,104 | ||||
129,242 | Wintrust Financial Corp | 11,437,917 | ||||
Total Banks | 111,553,044 | |||||
Biotechnology – 1.8% | ||||||
41,773 | United Therapeutics Corp, (2) | 7,968,618 | ||||
313,100 | Vanda Pharmaceuticals Inc, (2) | 5,360,272 | ||||
Total Biotechnology | 13,328,890 | |||||
Building Products – 2.9% | ||||||
84,879 | Gibraltar Industries Inc, (2) | 5,530,715 | ||||
258,865 | Quanex Building Products Corp | 5,363,683 | ||||
415,012 | Resideo Technologies Inc, (2) | 10,234,196 | ||||
Total Building Products | 21,128,594 | |||||
Capital Markets – 2.5% | ||||||
37,411 | Evercore Inc | 5,680,486 | ||||
75,489 | Piper Sandler Cos | 12,432,284 | ||||
Total Capital Markets | 18,112,770 |
Shares | Description (1) | Value | ||||
Chemicals – 3.6% | ||||||
143,593 | Cabot Corp | $7,660,686 | ||||
132,890 | Minerals Technologies Inc | 9,427,217 | ||||
380,909 | Tronox Holdings PLC | 8,882,798 | ||||
Total Chemicals | 25,970,701 | |||||
Commercial Services & Supplies – 4.0% | ||||||
264,242 | Deluxe Corp | 9,425,512 | ||||
177,874 | Herman Miller Inc | 6,922,856 | ||||
379,395 | SP Plus Corp, (2) | 12,235,489 | ||||
Total Commercial Services & Supplies | 28,583,857 | |||||
Communications Equipment – 0.8% | ||||||
159,438 | Radware Ltd, (2) | 5,648,888 | ||||
Construction & Engineering – 1.1% | ||||||
66,716 | EMCOR Group Inc | 8,105,327 | ||||
Construction Materials – 1.5% | ||||||
313,796 | Summit Materials Inc, Class A, (2) | 11,186,827 | ||||
Consumer Finance – 1.7% | ||||||
93,426 | OneMain Holdings Inc | 4,933,827 | ||||
180,239 | PROG Holdings Inc | 7,290,668 | ||||
Total Consumer Finance | 12,224,495 | |||||
Electric Utilities – 1.2% | ||||||
143,239 | Otter Tail Corp | 8,882,250 | ||||
Electrical Equipment – 1.0% | ||||||
208,048 | nVent Electric PLC | 7,375,302 | ||||
Electronic Equipment, Instruments & Components – 2.2% | ||||||
249,868 | Avnet Inc | 9,522,469 | ||||
472,058 | TTM Technologies Inc, (2) | 6,250,048 | ||||
Total Electronic Equipment, Instruments & Components | 15,772,517 | |||||
Equity Real Estate Investment Trust – 9.1% | ||||||
546,343 | Brandywine Realty Trust | 7,239,045 | ||||
61,317 | Centerspace | 6,207,733 | ||||
670,946 | Global Medical REIT Inc | 11,124,285 | ||||
859,683 | Lexington Realty Trust | 12,525,581 | ||||
403,418 | Retail Opportunity Investments Corp | 7,168,738 | ||||
547,327 | RLJ Lodging Trust | 7,892,455 | ||||
186,863 | STAG Industrial Inc | 8,134,146 | ||||
501,685 | Summit Hotel Properties Inc, (2) | 5,016,850 | ||||
Total Equity Real Estate Investment Trust | 65,308,833 |
Shares | Description (1) | Value | ||||
Food Products – 1.4% | ||||||
534,731 | Hostess Brands Inc, (2) | $ 10,111,763 | ||||
Gas Utilities – 2.1% | ||||||
75,305 | ONE Gas Inc | 5,068,026 | ||||
156,835 | Spire Inc | 9,842,965 | ||||
Total Gas Utilities | 14,910,991 | |||||
Health Care Equipment & Supplies – 1.8% | ||||||
352,942 | Natus Medical Inc, (2) | 8,841,197 | ||||
74,838 | NuVasive Inc, (2) | 3,993,356 | ||||
Total Health Care Equipment & Supplies | 12,834,553 | |||||
Health Care Providers & Services – 2.6% | ||||||
74,630 | AMN Healthcare Services Inc, (2) | 7,365,981 | ||||
405,586 | Option Care Health Inc, (2) | 11,084,665 | ||||
Total Health Care Providers & Services | 18,450,646 | |||||
Health Care Technology – 0.1% | ||||||
16,699 | Consensus Cloud Solutions Inc, (2) | 1,057,548 | ||||
Hotels, Restaurants & Leisure – 2.9% | ||||||
104,355 | Dine Brands Global Inc, (2) | 8,819,041 | ||||
49,603 | Marriott Vacations Worldwide Corp | 7,798,584 | ||||
105,417 | Six Flags Entertainment Corp, (2) | 4,335,801 | ||||
Total Hotels, Restaurants & Leisure | 20,953,426 | |||||
Household Durables – 2.0% | ||||||
240,367 | La-Z-Boy Inc | 7,989,799 | ||||
109,894 | M/I Homes Inc, (2) | 6,292,531 | ||||
Total Household Durables | 14,282,330 | |||||
Household Products – 1.2% | ||||||
92,547 | Spectrum Brands Holdings Inc | 8,676,281 | ||||
Insurance – 3.2% | ||||||
248,596 | American Equity Investment Life Holding Co | 7,922,754 | ||||
131,542 | Argo Group International Holdings Ltd | 7,247,964 | ||||
237,605 | James River Group Holdings Ltd | 7,591,480 | ||||
Total Insurance | 22,762,198 | |||||
Leisure Products – 0.6% | ||||||
50,088 | Brunswick Corp | 4,662,692 | ||||
Machinery – 1.5% | ||||||
265,876 | Kennametal Inc | 10,568,571 | ||||
Media – 0.8% | ||||||
288,130 | TEGNA Inc | 5,664,636 |
Shares | Description (1) | Value | ||||
Metals & Mining – 1.9% | ||||||
117,251 | Alcoa Corp | $5,387,683 | ||||
258,932 | Commercial Metals Co | 8,332,432 | ||||
Total Metals & Mining | 13,720,115 | |||||
Mortgage Real Estate Investment Trust – 1.3% | ||||||
807,107 | Ladder Capital Corp | 9,685,284 | ||||
Multi-Utilities – 1.2% | ||||||
129,849 | Black Hills Corp | 8,619,377 | ||||
Oil, Gas & Consumable Fuels – 6.6% | ||||||
394,419 | Brigham Minerals Inc | 9,142,632 | ||||
799,852 | CNX Resources Corp, (2) | 11,685,838 | ||||
663,187 | Magnolia Oil & Gas Corp | 13,847,344 | ||||
309,229 | Matador Resources Co | 12,941,234 | ||||
Total Oil, Gas & Consumable Fuels | 47,617,048 | |||||
Professional Services – 1.8% | ||||||
166,090 | Korn Ferry | 12,823,809 | ||||
Road & Rail – 1.0% | ||||||
146,177 | Schneider National Inc, Class B | 3,645,654 | ||||
34,185 | TFI International Inc | 3,788,724 | ||||
Total Road & Rail | 7,434,378 | |||||
Semiconductors & Semiconductor Equipment – 2.7% | ||||||
66,412 | Diodes Inc, (2) | 6,381,529 | ||||
141,662 | Ultra Clean Holdings Inc, (2) | 7,022,185 | ||||
245,569 | Veeco Instruments Inc, (2) | 5,964,871 | ||||
Total Semiconductors & Semiconductor Equipment | 19,368,585 | |||||
Software – 1.2% | ||||||
201,803 | Avaya Holdings Corp, (2) | 3,757,572 | ||||
39,163 | Ziff Davis Inc, (2) | 5,023,438 | ||||
Total Software | 8,781,010 | |||||
Specialty Retail – 1.7% | ||||||
115,578 | Genesco Inc, (2) | 7,002,871 | ||||
28,710 | Group 1 Automotive Inc | 5,162,058 | ||||
Total Specialty Retail | 12,164,929 | |||||
Technology Hardware, Storage & Peripherals – 0.8% | ||||||
175,207 | Stratasys Ltd, (2) | 5,526,029 | ||||
Textiles, Apparel & Luxury Goods – 0.7% | ||||||
152,915 | Wolverine World Wide Inc | 5,072,191 |
Shares | Description (1) | Value | ||||
Thrifts & Mortgage Finance – 2.7% | ||||||
84,979 | Flagstar Bancorp Inc | $4,010,159 | ||||
424,930 | Radian Group Inc | 10,143,079 | ||||
99,866 | WSFS Financial Corp | 5,174,058 | ||||
Total Thrifts & Mortgage Finance | 19,327,296 | |||||
Trading Companies & Distributors – 1.8% | ||||||
98,372 | WESCO International Inc, (2) | 12,745,076 | ||||
Total Long-Term Investments (cost $520,841,472) | 712,721,176 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.4% | ||||||
REPURCHASE AGREEMENTS – 1.4% | ||||||
$ 10,187 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/29/21, repurchase price $10,186,502, collateralized $9,121,400 U.S. Treasury Inflation Indexed Notes, 0.125%, due 7/15/31, value $10,390,296 | 0.000% | 11/01/21 | $ 10,186,502 | ||
Total Short-Term Investments (cost $10,186,502) | 10,186,502 | |||||
Total Investments (cost $531,027,974) – 100.3% | 722,907,678 | |||||
Other Assets Less Liabilities – (0.3)% | (1,808,927) | |||||
Net Assets – 100% | $ 721,098,751 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
REIT | Real Estate Investment Trust |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Assets | |||||||
Long-term investments, at value (cost $3,273,000,532, $38,889,027, $329,711,753, $270,426,818, $283,719,808, $121,490,332 and $520,841,472, respectively)(1) | $3,998,884,054 | $51,881,316 | $453,100,538 | $402,478,978 | $364,866,950 | $156,901,224 | $712,721,176 |
Investment purchased with collateral from securities lending, at value (cost approximates value) | — | — | 2,989,014 | — | — | — | — |
Short-term investments, at value (cost approximates value) | 3,586,563 | 293,243 | 1,844,428 | 2,008,393 | 8,502,842 | 934,790 | 10,186,502 |
Cash | 1,107 | — | — | — | — | — | — |
Receivable for: | |||||||
Dividends | 3,328,963 | 25,769 | 97,388 | 145,292 | 3,264 | 28,228 | 159,091 |
Due from affiliate | 84,885 | 866 | 11,454 | 5,562 | 10,488 | 6,688 | 36,056 |
Investments sold | 110,674,821 | 483,506 | — | — | 657,490 | — | 2,869,551 |
Reclaims | 39,200 | — | — | — | — | — | 2,744 |
Shares sold | 311,561 | 11,000 | 164,552 | 296,770 | 125,730 | 314,610 | 617,259 |
Other assets | 343,322 | 22,056 | 119,655 | 50,021 | 41,007 | 55,781 | 104,786 |
Total assets | 4,117,254,476 | 52,717,756 | 458,327,029 | 404,985,016 | 374,207,771 | 158,241,321 | 726,697,165 |
Liabilities | |||||||
Payable for: | |||||||
Collateral from securities lending program | — | — | 2,989,014 | — | — | — | — |
Investments purchased - regular settlement | 52,916,353 | 517,496 | — | — | 5,318,049 | 542,445 | 2,568,123 |
Shares redeemed | 41,616,531 | 2,000 | 782,620 | 315,912 | 126,538 | 837,697 | 2,130,570 |
Accrued expenses: | |||||||
Custodian fees | 329,183 | 21,889 | 58,736 | 51,560 | 45,206 | 34,442 | 95,688 |
Directors fees | 333,411 | 422 | 88,776 | 19,598 | 3,666 | 25,323 | 69,683 |
Management fees | 1,997,810 | 21,150 | 276,922 | 231,357 | 215,337 | 94,523 | 551,552 |
Shareholder servicing agent fees | 347,039 | 7,210 | 116,804 | 152,869 | 121,959 | 48,857 | — |
12b-1 distribution and service fees | 104,785 | 8,054 | 55,585 | 20,317 | 14,034 | 17,449 | 53,921 |
Other | 173,795 | 21,100 | 45,104 | 56,178 | 79,691 | 34,371 | 128,877 |
Total liabilities | 97,818,907 | 599,321 | 4,413,561 | 847,791 | 5,924,480 | 1,635,107 | 5,598,414 |
Net assets | $4,019,435,569 | $52,118,435 | $453,913,468 | $404,137,225 | $368,283,291 | $156,606,214 | $721,098,751 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Class A Shares | |||||||
Net assets | $ 434,105,130 | $31,724,359 | $252,551,528 | $ 73,570,902 | $ 59,901,207 | $ 78,047,424 | $138,584,624 |
Shares outstanding | 27,189,176 | 702,056 | 6,055,272 | 1,304,798 | 1,724,413 | 6,565,273 | 4,886,817 |
Net asset value ("NAV") per share | $ 15.97 | $ 45.19 | $ 41.71 | $ 56.38 | $ 34.74 | $ 11.89 | $ 28.36 |
Offering price per share (NAV per share plus maximum sales charge of 5.75% of offering price) | $ 16.94 | $ 47.95 | $ 44.25 | $ 59.82 | $ 36.86 | $ 12.62 | $ 30.09 |
Class C Shares | |||||||
Net assets | $ 16,355,661 | $ 1,789,512 | $ 4,604,473 | $ 6,026,397 | $ 2,247,692 | $ 1,288,817 | $ 28,500,275 |
Shares outstanding | 1,046,533 | 43,170 | 219,813 | 114,262 | 96,744 | 204,680 | 1,203,498 |
NAV and offering price per share | $ 15.63 | $ 41.45 | $ 20.95 | $ 52.74 | $ 23.23 | $ 6.30 | $ 23.68 |
Class R6 Shares | |||||||
Net assets | $3,102,034,525 | $ — | $ 31,944,549 | $ 26,190,357 | $ 590,267 | $ 2,791,406 | $182,835,312 |
Shares outstanding | 189,870,716 | — | 542,362 | 461,023 | 13,463 | 171,678 | 6,186,420 |
NAV and offering price per share | $ 16.34 | $ — | $ 58.90 | $ 56.81 | $ 43.84 | $ 16.26 | $ 29.55 |
Class I Shares | |||||||
Net assets | $ 466,940,253 | $18,604,564 | $164,812,918 | $298,349,569 | $305,544,125 | $ 74,478,567 | $371,178,540 |
Shares outstanding | 28,831,621 | 407,872 | 2,854,319 | 5,267,628 | 7,041,111 | 4,593,810 | 12,622,547 |
NAV and offering price per share | $ 16.20 | $ 45.61 | $ 57.74 | $ 56.64 | $ 43.39 | $ 16.21 | $ 29.41 |
Fund level net assets consist of: | |||||||
Capital paid-in | $3,042,656,951 | $29,524,386 | $233,967,471 | $252,519,264 | $231,282,252 | $ 99,382,809 | $810,996,445 |
Total distributable earnings | 976,778,618 | 22,594,049 | 219,945,997 | 151,617,961 | 137,001,039 | 57,223,405 | (89,897,694) |
Fund level net assets | $4,019,435,569 | $52,118,435 | $453,913,468 | $404,137,225 | $368,283,291 | $156,606,214 | $721,098,751 |
Authorized shares - per class | 2 billion | 2 billion | 2 billion | 2 billion | 2 billion | 2 billion | 2 billion |
Par value per share | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 |
(1) | Includes securities loaned of $3,051,329 for Mid Cap Growth Opportunities. |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Investment Income | |||||||
Dividends | $ 94,195,823 | $ 602,765 | $ 1,414,279 | $ 6,433,493 | $ 932,967 | $ 1,166,649 | $ 10,450,388 |
Securities lending income, net | 63,158 | 701 | 6,482 | — | 13,336 | 5,363 | 36 |
Payment from affiliate | 923,116 | 7,858 | 85,130 | 56,381 | 83,276 | 54,884 | 290,376 |
Foreign tax withheld on dividend income | (422,022) | (4,126) | (3,245) | (4,155) | — | — | (20,587) |
Total investment income | 94,760,075 | 607,198 | 1,502,646 | 6,485,719 | 1,029,579 | 1,226,896 | 10,720,213 |
Expenses | |||||||
Management fees | 24,842,627 | 345,171 | 3,524,676 | 2,904,687 | 2,486,359 | 1,109,555 | 6,309,947 |
12b-1 service fees - Class A Shares | 962,071 | 73,328 | 570,902 | 150,555 | 139,149 | 175,754 | 337,508 |
12b-1 distribution and service fees - Class C Shares | 175,407 | 19,337 | 50,931 | 56,827 | 23,089 | 11,394 | 282,781 |
12b-1 distribution and service fees - Class R3 Shares(1) | 59,448 | — | 57,385 | 28,821 | 6,324 | 18,129 | 58,738 |
Shareholder servicing agent fees | 1,193,338 | 29,532 | 451,166 | 575,454 | 501,323 | 180,835 | 964,720 |
Interest expense | 9,047 | — | 1,711 | 1,016 | — | 349 | 3,784 |
Custodian fees | 269,726 | 17,873 | 48,742 | 41,677 | 37,111 | 28,115 | 76,929 |
Professional fees | 230,600 | 39,882 | 42,734 | 54,155 | 35,023 | 28,937 | 68,332 |
Directors fees | 115,175 | 1,418 | 12,532 | 10,704 | 8,676 | 3,706 | 24,758 |
Shareholder reporting expenses | 193,729 | 18,943 | 61,014 | 101,985 | 143,626 | 45,856 | 140,797 |
Federal and state registration fees | 98,600 | 53,575 | 82,709 | 82,540 | 80,055 | 78,622 | 91,683 |
Reorganization expense | 17,610 | — | — | — | — | — | — |
Other | 100,025 | 5,524 | 27,078 | 24,645 | 17,897 | 12,827 | 76,996 |
Total expenses before fee waiver/expense reimbursement | 28,267,403 | 604,583 | 4,931,580 | 4,033,066 | 3,478,632 | 1,694,079 | 8,436,973 |
Fee waiver/expense reimbursement | (1,708,549) | (118,331) | (155,664) | (434,984) | (368,586) | (198,796) | (382,828) |
Net expenses | 26,558,854 | 486,252 | 4,775,916 | 3,598,082 | 3,110,046 | 1,495,283 | 8,054,145 |
Net investment income (loss) | 68,201,221 | 120,946 | (3,273,270) | 2,887,637 | (2,080,467) | (268,387) | 2,666,068 |
Realized and Unrealized Gain (Loss) | |||||||
Net realized gain (loss) from investments and foreign currency | 545,433,953 | 10,468,701 | 112,141,801 | 39,708,016 | 65,129,193 | 24,819,418 | 166,768,490 |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 667,492,430 | 6,031,187 | 34,245,827 | 112,634,699 | 37,031,442 | 24,460,005 | 228,908,635 |
Net realized and unrealized gain (loss) | 1,212,926,383 | 16,499,888 | 146,387,628 | 152,342,715 | 102,160,635 | 49,279,423 | 395,677,125 |
Net increase (decrease) in net assets from operations | $1,281,127,604 | $16,620,834 | $143,114,358 | $155,230,352 | $100,080,168 | $49,011,036 | $398,343,193 |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | ||||||
Year Ended 10/31/21 | Year Ended 10/31/20 | Year Ended 10/31/21 | Year Ended 10/31/20 | Year Ended 10/31/21 | Year Ended 10/31/20 | |||
Operations | ||||||||
Net investment income (loss) | $ 68,201,221 | $ 46,075,544 | $ 120,946 | $ 263,136 | $ (3,273,270) | $ (690,632) | ||
Net realized gain (loss) from investments and foreign currency | 545,433,953 | (257,589,583) | 10,468,701 | 1,173,674 | 112,141,801 | 57,097,989 | ||
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 667,492,430 | (118,207,869) | 6,031,187 | 908,025 | 34,245,827 | 34,975,007 | ||
Net increase (decrease) in net assets from operations | 1,281,127,604 | (329,721,908) | 16,620,834 | 2,344,835 | 143,114,358 | 91,382,364 | ||
Distributions to Shareholders | ||||||||
Dividends: | ||||||||
Class A Shares | (4,571,543) | (15,472,136) | (211,310) | (288,657) | (27,006,259) | (36,832,892) | ||
Class C Shares | (81,540) | (1,489,974) | (6,336) | (9,872) | (1,313,163) | (1,779,313) | ||
Class R3 Shares(1) | (94,855) | (1,576,425) | — | — | (2,853,671) | (5,055,764) | ||
Class R6 Shares | (51,756,049) | (97,882,498) | — | — | (3,099,614) | (4,121,288) | ||
Class I Shares | (7,049,788) | (47,380,587) | (163,741) | (256,895) | (16,584,219) | (25,757,305) | ||
Decrease in net assets from distributions to shareholders | (63,553,775) | (163,801,620) | (381,387) | (555,424) | (50,856,926) | (73,546,562) | ||
Fund Share Transactions | ||||||||
Fund reorganization(2) | 238,529,483 | — | — | — | — | — | ||
Proceeds from sale of shares | 906,173,773 | 2,464,946,196 | 5,967,263 | 5,878,456 | 64,574,360 | 43,267,276 | ||
Proceeds from shares issued to shareholders due to reinvestment of distributions | 62,462,449 | 157,517,457 | 295,603 | 417,962 | 48,204,913 | 68,352,666 | ||
1,207,165,705 | 2,622,463,653 | 6,262,866 | 6,296,418 | 112,779,273 | 111,619,942 | |||
Cost of shares redeemed | (1,027,091,254) | (483,251,000) | (12,291,687) | (11,065,090) | (138,132,870) | (135,150,062) | ||
Net increase (decrease) in net assets from Fund share transactions | 180,074,451 | 2,139,212,653 | (6,028,821) | (4,768,672) | (25,353,597) | (23,530,120) | ||
Net increase (decrease) in net assets | 1,397,648,280 | 1,645,689,125 | 10,210,626 | (2,979,261) | 66,903,835 | (5,694,318) | ||
Net assets at the beginning of period | 2,621,787,289 | 976,098,164 | 41,907,809 | 44,887,070 | 387,009,633 | 392,703,951 | ||
Net assets at the end of period | $ 4,019,435,569 | $2,621,787,289 | $ 52,118,435 | $ 41,907,809 | $ 453,913,468 | $ 387,009,633 |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
(2) | Refer to Note 9 - Fund Reorganization for further details. |
Mid Cap Value | Small Cap Growth Opportunities | ||||
Year Ended 10/31/21 | Year Ended 10/31/20 | Year Ended 10/31/21 | Year Ended 10/31/20 | ||
Operations | |||||
Net investment income (loss) | $ 2,887,637 | $ 4,076,016 | $ (2,080,467) | $ (1,190,179) | |
Net realized gain (loss) from investments and foreign currency | 39,708,016 | (16,735,376) | 65,129,193 | 26,616,300 | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 112,634,699 | (17,332,927) | 37,031,442 | 25,815,014 | |
Net increase (decrease) in net assets from operations | 155,230,352 | (29,992,287) | 100,080,168 | 51,241,135 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (501,238) | (508,084) | (5,791,593) | — | |
Class C Shares | (22,059) | (15,371) | (413,003) | — | |
Class R3 Shares(1) | (116,499) | (67,895) | (241,104) | — | |
Class R6 Shares | (261,456) | (243,451) | (91,484) | — | |
Class I Shares | (3,173,542) | (2,966,388) | (19,572,399) | — | |
Decrease in net assets from distributions to shareholders | (4,074,794) | (3,801,189) | (26,109,583) | — | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 86,613,025 | 85,442,584 | 109,164,403 | 38,637,603 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 3,772,523 | 3,481,369 | 24,413,746 | — | |
90,385,548 | 88,923,953 | 133,578,149 | 38,637,603 | ||
Cost of shares redeemed | (122,343,700) | (113,716,945) | (54,556,389) | (84,106,692) | |
Net increase (decrease) in net assets from Fund share transactions | (31,958,152) | (24,792,992) | 79,021,760 | (45,469,089) | |
Net increase (decrease) in net assets | 119,197,406 | (58,586,468) | 152,992,345 | 5,772,046 | |
Net assets at the beginning of period | 284,939,819 | 343,526,287 | 215,290,946 | 209,518,900 | |
Net assets at the end of period | $ 404,137,225 | $ 284,939,819 | $368,283,291 | $215,290,946 |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Small Cap Select | Small Cap Value | ||||
Year Ended 10/31/21 | Year Ended 10/31/20 | Year Ended 10/31/21 | Year Ended 10/31/20 | ||
Operations | |||||
Net investment income (loss) | $ (268,387) | $ 14,037 | $ 2,666,068 | $ 7,664,603 | |
Net realized gain (loss) from investments and foreign currency | 24,819,418 | 2,286,463 | 166,768,490 | (249,629,635) | |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | 24,460,005 | (762,160) | 228,908,635 | (90,841,610) | |
Net increase (decrease) in net assets from operations | 49,011,036 | 1,538,340 | 398,343,193 | (332,806,642) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (852,635) | (81,269) | (414,977) | (1,836,890) | |
Class C Shares | (25,593) | — | — | (81,329) | |
Class R3 Shares(1) | (103,624) | — | (24,047) | (244,673) | |
Class R6 Shares | (33,157) | (11,344) | (1,219,971) | (1,601,689) | |
Class I Shares | (480,425) | (116,045) | (2,536,323) | (13,780,598) | |
Decrease in net assets from distributions to shareholders | (1,495,434) | (208,658) | (4,195,318) | (17,545,179) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 55,066,140 | 15,280,667 | 326,906,007 | 361,329,925 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 1,460,994 | 197,954 | 3,362,724 | 14,169,324 | |
56,527,134 | 15,478,621 | 330,268,731 | 375,499,249 | ||
Cost of shares redeemed | (35,694,040) | (22,801,671) | (690,565,501) | (996,917,643) | |
Net increase (decrease) in net assets from Fund share transactions | 20,833,094 | (7,323,050) | (360,296,770) | (621,418,394) | |
Net increase (decrease) in net assets | 68,348,696 | (5,993,368) | 33,851,105 | (971,770,215) | |
Net assets at the beginning of period | 88,257,518 | 94,250,886 | 687,247,646 | 1,659,017,861 | |
Net assets at the end of period | $156,606,214 | $ 88,257,518 | $ 721,098,751 | $ 687,247,646 |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/92) | |||||||||
2021 | $11.44 | $0.20 | $ 4.50 | $ 4.70 | $(0.17) | $ — | $(0.17) | $15.97 | |
2020 | 14.21 | 0.25 | (1.98) | (1.73) | (0.23) | (0.81) | (1.04) | 11.44 | |
2019 | 14.32 | 0.26 | 0.96 | 1.22 | (0.28) | (1.05) | (1.33) | 14.21 | |
2018 | 15.67 | 0.25 | 0.35 | 0.60 | (0.24) | (1.71) | (1.95) | 14.32 | |
2017 | 15.12 | 0.22 | 2.72 | 2.94 | (0.22) | (2.17) | (2.39) | 15.67 | |
Class C (02/99) | |||||||||
2021 | 11.21 | 0.09 | 4.40 | 4.49 | (0.07) | — | (0.07) | 15.63 | |
2020 | 13.93 | 0.15 | (1.92) | (1.77) | (0.14) | (0.81) | (0.95) | 11.21 | |
2019 | 14.06 | 0.16 | 0.93 | 1.09 | (0.17) | (1.05) | (1.22) | 13.93 | |
2018 | 15.41 | 0.14 | 0.35 | 0.49 | (0.13) | (1.71) | (1.84) | 14.06 | |
2017 | 14.90 | 0.11 | 2.68 | 2.79 | (0.11) | (2.17) | (2.28) | 15.41 | |
Class R6 (02/13) | |||||||||
2021 | 11.72 | 0.26 | 4.60 | 4.86 | (0.24) | — | (0.24) | 16.34 | |
2020 | 14.54 | 0.30 | (2.02) | (1.72) | (0.29) | (0.81) | (1.10) | 11.72 | |
2019 | 14.61 | 0.32 | 0.99 | 1.31 | (0.33) | (1.05) | (1.38) | 14.54 | |
2018 | 15.93 | 0.32 | 0.36 | 0.68 | (0.29) | (1.71) | (2.00) | 14.61 | |
2017 | 15.32 | 0.25 | 2.79 | 3.04 | (0.26) | (2.17) | (2.43) | 15.93 | |
Class I (08/94) | |||||||||
2021 | 11.61 | 0.24 | 4.57 | 4.81 | (0.22) | — | (0.22) | 16.20 | |
2020 | 14.42 | 0.28 | (2.01) | (1.73) | (0.27) | (0.81) | (1.08) | 11.61 | |
2019 | 14.51 | 0.30 | 0.98 | 1.28 | (0.32) | (1.05) | (1.37) | 14.42 | |
2018 | 15.85 | 0.30 | 0.36 | 0.66 | (0.29) | (1.71) | (2.00) | 14.51 | |
2017 | 15.27 | 0.26 | 2.75 | 3.01 | (0.26) | (2.17) | (2.43) | 15.85 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
41.25% | $ 434,105 | 1.00% | 1.28% | 1.26% | 0.96% | 1.32% | 1.30% | 97% | |
(13.12) | 158,645 | 1.09 | 2.00 | 2.00 | 1.09 | 2.00 | 2.00 | 117 | |
9.81 | 215,710 | 1.11 | 1.94 | N/A | 1.11 | 1.94 | N/A | 93 | |
3.72 | 264,271 | 1.08 | 1.68 | N/A | 1.08 | 1.68 | N/A | 68 | |
20.95 | 269,063 | 1.08 | 1.46 | N/A | 1.08 | 1.46 | N/A | 56 | |
40.10 | 16,356 | 1.75 | 0.56 | 0.54 | 1.71 | 0.60 | 0.58 | 97 | |
(13.75) | 11,881 | 1.84 | 1.24 | 1.24 | 1.84 | 1.24 | 1.24 | 117 | |
8.98 | 23,083 | 1.86 | 1.19 | N/A | 1.86 | 1.19 | N/A | 93 | |
2.98 | 31,111 | 1.83 | 0.95 | N/A | 1.83 | 0.95 | N/A | 68 | |
20.09 | 39,825 | 1.83 | 0.72 | N/A | 1.83 | 0.72 | N/A | 56 | |
41.71 | 3,102,035 | 0.64 | 1.69 | 1.67 | 0.60 | 1.73 | 1.71 | 97 | |
(12.80) | 2,025,717 | 0.70 | 2.41 | 2.40 | 0.70 | 2.41 | 2.40 | 117 | |
10.29 | 52,824 | 0.72 | 2.30 | N/A | 0.72 | 2.30 | N/A | 93 | |
4.15 | 172,215 | 0.72 | 2.05 | N/A | 0.72 | 2.05 | N/A | 68 | |
21.40 | 188,356 | 0.73 | 1.63 | N/A | 0.73 | 1.63 | N/A | 56 | |
41.59 | 466,940 | 0.75 | 1.57 | 1.55 | 0.71 | 1.61 | 1.59 | 97 | |
(12.96) | 408,828 | 0.84 | 2.25 | 2.24 | 0.84 | 2.25 | 2.24 | 117 | |
10.14 | 661,390 | 0.86 | 2.18 | N/A | 0.86 | 2.18 | N/A | 93 | |
4.02 | 617,086 | 0.83 | 1.94 | N/A | 0.83 | 1.94 | N/A | 68 | |
21.25 | 561,047 | 0.83 | 1.73 | N/A | 0.83 | 1.73 | N/A | 56 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.03% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (01/03) | |||||||||
2021 | $32.12 | $ 0.07 | $13.28 | $13.35 | $(0.17) | $(0.11) | $(0.28) | $45.19 | |
2020 | 30.71 | 0.17 | 1.61 | 1.78 | (0.37) | — | (0.37) | 32.12 | |
2019 | 28.87 | 0.21 | 2.72 | 2.93 | (0.10) | (0.99) | (1.09) | 30.71 | |
2018 | 27.50 | 0.12 | 1.38 | 1.50 | (0.13) | — | (0.13) | 28.87 | |
2017 | 21.24 | 0.10 | 6.25 | 6.35 | (0.09) | — | (0.09) | 27.50 | |
Class C (01/03) | |||||||||
2021 | 29.56 | (0.21) | 12.21 | 12.00 | — | (0.11) | (0.11) | 41.45 | |
2020 | 28.28 | (0.06) | 1.47 | 1.41 | (0.13) | — | (0.13) | 29.56 | |
2019 | 26.77 | ( —)* | 2.50 | 2.50 | — | (0.99) | (0.99) | 28.28 | |
2018 | 25.57 | (0.10) | 1.30 | 1.20 | — | — | — | 26.77 | |
2017 | 19.82 | (0.08) | 5.83 | 5.75 | — | — | — | 25.57 | |
Class I (01/03) | |||||||||
2021 | 32.41 | 0.18 | 13.38 | 13.56 | (0.25) | (0.11) | (0.36) | 45.61 | |
2020 | 30.98 | 0.25 | 1.62 | 1.87 | (0.44) | — | (0.44) | 32.41 | |
2019 | 29.13 | 0.28 | 2.73 | 3.01 | (0.17) | (0.99) | (1.16) | 30.98 | |
2018 | 27.74 | 0.19 | 1.40 | 1.59 | (0.20) | — | (0.20) | 29.13 | |
2017 | 21.42 | 0.16 | 6.30 | 6.46 | (0.14) | — | (0.14) | 27.74 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
41.77% | $31,724 | 1.29% | (0.06) % | (0.08) % | 1.05% | 0.18% | 0.16% | 83% | |
5.76 | 24,135 | 1.30 | 0.34 | 0.34 | 1.11 | 0.54 | 0.54 | 101 | |
10.86 | 24,224 | 1.20 | 0.68 | N/A | 1.15 | 0.73 | N/A | 108 | |
5.47 | 23,030 | 1.16 | 0.37 | N/A | 1.14 | 0.39 | N/A | 101 | |
29.99 | 14,778 | 1.19 | 0.36 | N/A | 1.14 | 0.40 | N/A | 276 | |
40.68 | 1,790 | 2.04 | (0.80) | (0.82) | 1.80 | (0.56) | (0.58) | 83 | |
4.99 | 1,743 | 2.05 | (0.40) | (0.40) | 1.86 | (0.21) | (0.21) | 101 | |
10.02 | 2,097 | 1.95 | (0.07) | N/A | 1.90 | (0.02) | N/A | 108 | |
4.65 | 2,145 | 1.91 | (0.39) | N/A | 1.89 | (0.37) | N/A | 101 | |
29.06 | 1,389 | 1.94 | (0.39) | N/A | 1.89 | (0.34) | N/A | 276 | |
42.11 | 18,605 | 1.04 | 0.19 | 0.17 | 0.80 | 0.43 | 0.41 | 83 | |
6.02 | 16,030 | 1.05 | 0.60 | 0.60 | 0.86 | 0.79 | 0.79 | 101 | |
11.13 | 18,567 | 0.95 | 0.93 | N/A | 0.90 | 0.98 | N/A | 108 | |
5.74 | 48,569 | 0.91 | 0.63 | N/A | 0.89 | 0.65 | N/A | 101 | |
30.31 | 45,599 | 0.94 | 0.61 | N/A | 0.89 | 0.66 | N/A | 276 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.02% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
* | Rounds to more than $(0.01) per share |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (01/95) | |||||||||
2021 | $34.24 | $(0.32) | $12.82 | $12.50 | $ — | $(5.03) | $(5.03) | $41.71 | |
2020 | 33.66 | (0.09) | 8.01 | 7.92 | — | (7.34) | (7.34) | 34.24 | |
2019 | 36.79 | (0.12) | 3.48 | 3.36 | — | (6.49) | (6.49) | 33.66 | |
2018 | 43.45 | (0.20) | 1.16 | 0.96 | — | (7.62) | (7.62) | 36.79 | |
2017 | 36.09 | (0.17) | 9.20 | 9.03 | — | (1.67) | (1.67) | 43.45 | |
Class C (09/01) | |||||||||
2021 | 19.42 | (0.31) | 6.87 | 6.56 | — | (5.03) | (5.03) | 20.95 | |
2020 | 22.20 | (0.18) | 4.74 | 4.56 | — | (7.34) | (7.34) | 19.42 | |
2019 | 26.85 | (0.24) | 2.08 | 1.84 | — | (6.49) | (6.49) | 22.20 | |
2018 | 33.94 | (0.36) | 0.89 | 0.53 | — | (7.62) | (7.62) | 26.85 | |
2017 | 28.74 | (0.36) | 7.23 | 6.87 | — | (1.67) | (1.67) | 33.94 | |
Class R6 (02/13) | |||||||||
2021 | 46.46 | (0.27) | 17.74 | 17.47 | — | (5.03) | (5.03) | 58.90 | |
2020 | 43.07 | 0.03 | 10.70 | 10.73 | — | (7.34) | (7.34) | 46.46 | |
2019 | 44.94 | 0.01 | 4.61 | 4.62 | — | (6.49) | (6.49) | 43.07 | |
2018 | 51.24 | (0.05) | 1.37 | 1.32 | — | (7.62) | (7.62) | 44.94 | |
2017 | 42.11 | (0.02) | 10.82 | 10.80 | — | (1.67) | (1.67) | 51.24 | |
Class I (12/89) | |||||||||
2021 | 45.67 | (0.31) | 17.41 | 17.10 | — | (5.03) | (5.03) | 57.74 | |
2020 | 42.49 | (0.01) | 10.53 | 10.52 | — | (7.34) | (7.34) | 45.67 | |
2019 | 44.49 | (0.05) | 4.54 | 4.49 | — | (6.49) | (6.49) | 42.49 | |
2018 | 50.85 | (0.12) | 1.38 | 1.26 | — | (7.62) | (7.62) | 44.49 | |
2017 | 41.87 | (0.08) | 10.73 | 10.65 | — | (1.67) | (1.67) | 50.85 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
38.97% | $252,552 | 1.20% | (0.87) % | (0.89) % | 1.17% | (0.84) % | (0.86) % | 89% | |
28.09 | 185,219 | 1.24 | (0.36) | (0.37) | 1.17 | (0.29) | (0.30) | 89 | |
13.43 | 172,912 | 1.24 | (0.42) | N/A | 1.17 | (0.35) | N/A | 90 | |
2.35 | 196,212 | 1.23 | (0.56) | N/A | 1.17 | (0.51) | N/A | 106 | |
25.89 | 250,908 | 1.23 | (0.48) | N/A | 1.17 | (0.43) | N/A | 136 | |
38.00 | 4,604 | 1.96 | (1.60) | (1.62) | 1.92 | (1.57) | (1.59) | 89 | |
27.07 | 5,208 | 1.99 | (1.11) | (1.12) | 1.92 | (1.04) | (1.05) | 89 | |
12.58 | 5,664 | 2.00 | (1.18) | N/A | 1.92 | (1.11) | N/A | 90 | |
1.60 | 7,936 | 1.98 | (1.30) | N/A | 1.92 | (1.25) | N/A | 106 | |
24.95 | 16,278 | 1.98 | (1.23) | N/A | 1.92 | (1.18) | N/A | 136 | |
39.45 | 31,945 | 0.86 | (0.53) | (0.55) | 0.83 | (0.50) | (0.52) | 89 | |
28.54 | 28,966 | 0.88 | (0.01) | (0.02) | 0.81 | 0.06 | 0.05 | 89 | |
13.85 | 26,329 | 0.86 | (0.05) | N/A | 0.79 | 0.02 | N/A | 90 | |
2.75 | 56,250 | 0.84 | (0.17) | N/A | 0.78 | (0.11) | N/A | 106 | |
26.41 | 72,703 | 0.84 | (0.09) | N/A | 0.78 | (0.03) | N/A | 136 | |
39.31 | 164,813 | 0.95 | (0.62) | (0.64) | 0.92 | (0.58) | (0.60) | 89 | |
28.38 | 150,875 | 0.99 | (0.10) | (0.11) | 0.92 | (0.03) | (0.04) | 89 | |
13.73 | 165,663 | 1.00 | (0.19) | N/A | 0.92 | (0.12) | N/A | 90 | |
2.61 | 331,728 | 0.98 | (0.31) | N/A | 0.92 | (0.26) | N/A | 106 | |
26.20 | 425,158 | 0.98 | (0.23) | N/A | 0.92 | (0.18) | N/A | 136 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.02% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/87) | |||||||||
2021 | $36.53 | $ 0.29 | $20.01 | $20.30 | $(0.45) | $ — | $(0.45) | $56.38 | |
2020 | 41.07 | 0.43 | (4.59) | (4.16) | (0.38) | — | (0.38) | 36.53 | |
2019 | 38.91 | 0.40 | 3.29 | 3.69 | (0.09) | (1.44) | (1.53) | 41.07 | |
2018 | 42.32 | 0.29 | (0.46) | (0.17) | (0.26) | (2.98) | (3.24) | 38.91 | |
2017 | 35.23 | 0.26 | 8.17 | 8.43 | (0.32) | (1.02) | (1.34) | 42.32 | |
Class C (02/99) | |||||||||
2021 | 34.21 | (0.09) | 18.79 | 18.70 | (0.17) | — | (0.17) | 52.74 | |
2020 | 38.49 | 0.14 | (4.34) | (4.20) | (0.08) | — | (0.08) | 34.21 | |
2019 | 36.73 | 0.11 | 3.09 | 3.20 | — | (1.44) | (1.44) | 38.49 | |
2018 | 40.17 | ( —)* | (0.46) | (0.46) | — | (2.98) | (2.98) | 36.73 | |
2017 | 33.50 | (0.03) | 7.78 | 7.75 | (0.06) | (1.02) | (1.08) | 40.17 | |
Class R6 (06/18) | |||||||||
2021 | 36.78 | 0.49 | 20.13 | 20.62 | (0.59) | — | (0.59) | 56.81 | |
2020 | 41.32 | 0.57 | (4.59) | (4.02) | (0.52) | — | (0.52) | 36.78 | |
2019 | 39.10 | 0.55 | 3.30 | 3.85 | (0.19) | (1.44) | (1.63) | 41.32 | |
2018(f) | 42.86 | 0.11 | (3.87) | (3.76) | — | — | — | 39.10 | |
Class I (02/94) | |||||||||
2021 | 36.69 | 0.41 | 20.09 | 20.50 | (0.55) | — | (0.55) | 56.64 | |
2020 | 41.24 | 0.52 | (4.59) | (4.07) | (0.48) | — | (0.48) | 36.69 | |
2019 | 39.08 | 0.51 | 3.28 | 3.79 | (0.19) | (1.44) | (1.63) | 41.24 | |
2018 | 42.49 | 0.40 | (0.47) | (0.07) | (0.36) | (2.98) | (3.34) | 39.08 | |
2017 | 35.36 | 0.36 | 8.20 | 8.56 | (0.41) | (1.02) | (1.43) | 42.49 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
55.98% | $ 73,571 | 1.28% | 0.47% | 0.46% | 1.16% | 0.59% | 0.58% | 31% | |
(10.26) | 41,258 | 1.27 | 1.06 | 1.05 | 1.17 | 1.16 | 1.15 | 56 | |
10.19 | 55,467 | 1.27 | 0.94 | N/A | 1.17 | 1.04 | N/A | 46 | |
(0.65) | 51,202 | 1.31 | 0.55 | N/A | 1.17 | 0.69 | N/A | 49 | |
24.43 | 40,319 | 1.32 | 0.52 | N/A | 1.17 | 0.67 | N/A | 43 | |
54.80 | 6,026 | 2.03 | (0.31) | (0.32) | 1.91 | (0.20) | (0.21) | 31 | |
(10.94) | 4,649 | 2.02 | 0.29 | 0.28 | 1.92 | 0.40 | 0.39 | 56 | |
9.39 | 7,631 | 2.02 | 0.20 | N/A | 1.92 | 0.30 | N/A | 46 | |
(1.41) | 6,899 | 2.06 | (0.14) | N/A | 1.92 | ( —)** | N/A | 49 | |
23.52 | 7,474 | 2.07 | (0.23) | N/A | 1.92 | (0.08) | N/A | 43 | |
56.59 | 26,190 | 0.87 | 0.87 | 0.86 | 0.75 | 0.99 | 0.98 | 31 | |
(9.91) | 16,762 | 0.89 | 1.44 | 1.43 | 0.78 | 1.54 | 1.53 | 56 | |
10.63 | 19,481 | 0.87 | 1.29 | N/A | 0.77 | 1.39 | N/A | 46 | |
(8.77) | 958 | 0.93*** | 0.56*** | N/A | 0.79*** | 0.71*** | N/A | 49 | |
56.35 | 298,350 | 1.03 | 0.71 | 0.70 | 0.91 | 0.83 | 0.82 | 31 | |
(10.03) | 214,089 | 1.02 | 1.31 | 1.30 | 0.92 | 1.41 | 1.40 | 56 | |
10.48 | 250,717 | 1.02 | 1.20 | N/A | 0.92 | 1.30 | N/A | 46 | |
(0.40) | 139,841 | 1.07 | 0.80 | N/A | 0.92 | 0.95 | N/A | 49 | |
24.75 | 57,365 | 1.07 | 0.77 | N/A | 0.92 | 0.92 | N/A | 43 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.02% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(f) | For the period June 20, 2018 (commencement of operations) through October 31, 2018. |
* | Rounds to less than $(0.01). |
** | Rounds to less than 0.01%. |
*** | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (08/95) | |||||||||
2021 | $27.35 | $(0.28) | $11.44 | $11.16 | $(0.01) | $(3.76) | $(3.77) | $34.74 | |
2020 | 20.96 | (0.18) | 6.57 | 6.39 | — | — | — | 27.35 | |
2019 | 23.54 | (0.14) | 0.84 | 0.70 | — | (3.28) | (3.28) | 20.96 | |
2018 | 24.78 | (0.17) | 1.94 | 1.77 | — | (3.01) | (3.01) | 23.54 | |
2017 | 19.90 | (0.16) | 5.14 | 4.98 | — | (0.10) | (0.10) | 24.78 | |
Class C (09/01) | |||||||||
2021 | 19.44 | (0.35) | 7.90 | 7.55 | — | (3.76) | (3.76) | 23.23 | |
2020 | 15.01 | (0.25) | 4.68 | 4.43 | — | — | — | 19.44 | |
2019 | 18.01 | (0.21) | 0.49 | 0.28 | — | (3.28) | (3.28) | 15.01 | |
2018 | 19.79 | (0.27) | 1.50 | 1.23 | — | (3.01) | (3.01) | 18.01 | |
2017 | 16.02 | (0.26) | 4.13 | 3.87 | — | (0.10) | (0.10) | 19.79 | |
Class R6 (06/16) | |||||||||
2021 | 33.69 | (0.15) | 14.22 | 14.07 | (0.16) | (3.76) | (3.92) | 43.84 | |
2020 | 25.69 | (0.07) | 8.07 | 8.00 | — | — | — | 33.69 | |
2019 | 27.88 | (0.05) | 1.14 | 1.09 | — | (3.28) | (3.28) | 25.69 | |
2018 | 28.72 | (0.10) | 2.27 | 2.17 | — | (3.01) | (3.01) | 27.88 | |
2017 | 22.96 | (0.08) | 5.94 | 5.86 | — | (0.10) | (0.10) | 28.72 | |
Class I (08/95) | |||||||||
2021 | 33.38 | (0.25) | 14.11 | 13.86 | (0.09) | (3.76) | (3.85) | 43.39 | |
2020 | 25.51 | (0.14) | 8.01 | 7.87 | — | — | — | 33.38 | |
2019 | 27.79 | (0.10) | 1.10 | 1.00 | — | (3.28) | (3.28) | 25.51 | |
2018 | 28.66 | (0.13) | 2.27 | 2.14 | — | (3.01) | (3.01) | 27.79 | |
2017 | 22.94 | (0.12) | 5.94 | 5.82 | — | (0.10) | (0.10) | 28.66 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
43.38% | $ 59,901 | 1.33% | (1.00) % | (1.03) % | 1.21% | (0.88) % | (0.91) % | 97% | |
30.55 | 41,683 | 1.42 | (0.97) | (0.98) | 1.22 | (0.77) | (0.78) | 105 | |
5.47 | 34,249 | 1.39 | (0.84) | N/A | 1.23 | (0.68) | N/A | 104 | |
7.89 | 36,452 | 1.38 | (0.86) | N/A | 1.24 | (0.72) | N/A | 139 | |
25.07 | 34,934 | 1.41 | (0.80) | N/A | 1.30 | (0.69) | N/A | 95 | |
42.27 | 2,248 | 2.08 | (1.74) | (1.77) | 1.96 | (1.62) | (1.65) | 97 | |
29.51 | 2,158 | 2.17 | (1.72) | (1.73) | 1.97 | (1.52) | (1.53) | 105 | |
4.74 | 1,631 | 2.14 | (1.59) | N/A | 1.98 | (1.43) | N/A | 104 | |
7.05 | 2,141 | 2.13 | (1.60) | N/A | 1.99 | (1.46) | N/A | 139 | |
24.21 | 2,181 | 2.16 | (1.55) | N/A | 2.05 | (1.44) | N/A | 95 | |
43.98 | 590 | 0.93 | (0.51) | (0.54) | 0.81 | (0.39) | (0.42) | 97 | |
31.14 | 1,038 | 0.98 | (0.46) | (0.47) | 0.78 | (0.26) | (0.27) | 105 | |
6.13 | 144 | 1.01 | (0.35) | N/A | 0.85 | (0.19) | N/A | 104 | |
8.24 | 14,475 | 1.03 | (0.50) | N/A | 0.88 | (0.35) | N/A | 139 | |
25.56 | 19,108 | 1.04 | (0.43) | N/A | 0.93 | (0.32) | N/A | 95 | |
43.74 | 305,544 | 1.08 | (0.75) | (0.78) | 0.96 | (0.62) | (0.65) | 97 | |
30.81 | 168,931 | 1.17 | (0.71) | (0.72) | 0.97 | (0.51) | (0.52) | 105 | |
5.78 | 172,242 | 1.13 | (0.56) | N/A | 0.98 | (0.41) | N/A | 104 | |
8.14 | 56,194 | 1.13 | (0.60) | N/A | 0.99 | (0.46) | N/A | 139 | |
25.41 | 43,557 | 1.16 | (0.56) | N/A | 1.05 | (0.44) | N/A | 95 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.03% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (05/92) | |||||||||
2021 | $ 7.83 | $ (0.03) | $4.23 | $4.20 | $( —)** | $(0.14) | $(0.14) | $11.89 | |
2020 | 7.71 | ( —)** | 0.13 | 0.13 | (0.01) | — | (0.01) | 7.83 | |
2019 | 9.26 | ( —)** | 0.28 | 0.28 | ( —)** | (1.83) | (1.83) | 7.71 | |
2018 | 10.13 | (0.01) | 0.35 | 0.34 | — | (1.21) | (1.21) | 9.26 | |
2017 | 9.21 | (0.02) | 1.97 | 1.95 | (0.01) | (1.02) | (1.03) | 10.13 | |
Class C (09/01) | |||||||||
2021 | 4.23 | (0.06) | 2.27 | 2.21 | — | (0.14) | (0.14) | 6.30 | |
2020 | 4.19 | (0.03) | 0.07 | 0.04 | — | — | — | 4.23 | |
2019 | 6.00 | (0.03) | 0.05 | 0.02 | — | (1.83) | (1.83) | 4.19 | |
2018 | 7.02 | (0.05) | 0.24 | 0.19 | — | (1.21) | (1.21) | 6.00 | |
2017 | 6.70 | (0.06) | 1.40 | 1.34 | — | (1.02) | (1.02) | 7.02 | |
Class R6 (02/18) | |||||||||
2021 | 10.66 | 0.01 | 5.77 | 5.78 | (0.04) | (0.14) | (0.18) | 16.26 | |
2020 | 10.49 | 0.03 | 0.20 | 0.23 | (0.06) | — | (0.06) | 10.66 | |
2019 | 11.87 | 0.04 | 0.44 | 0.48 | (0.03) | (1.83) | (1.86) | 10.49 | |
2018(f) | 11.82 | 0.02 | 0.03 | 0.05 | — | — | — | 11.87 | |
Class I (05/92) | |||||||||
2021 | 10.63 | (0.01) | 5.76 | 5.75 | (0.03) | (0.14) | (0.17) | 16.21 | |
2020 | 10.46 | 0.02 | 0.19 | 0.21 | (0.04) | — | (0.04) | 10.63 | |
2019 | 11.85 | 0.03 | 0.44 | 0.47 | (0.03) | (1.83) | (1.86) | 10.46 | |
2018 | 12.60 | 0.03 | 0.43 | 0.46 | — | (1.21) | (1.21) | 11.85 | |
2017 | 11.24 | 0.01 | 2.40 | 2.41 | (0.03) | (1.02) | (1.05) | 12.60 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
54.06% | $78,047 | 1.39% | (0.45) % | (0.49) % | 1.24% | (0.30) % | (0.34) % | 91% | |
1.70 | 49,513 | 1.48 | (0.29) | (0.31) | 1.24 | (0.05) | (0.07) | 90 | |
6.95 | 55,849 | 1.42 | (0.17) | N/A | 1.24 | 0.01 | N/A | 70 | |
3.48 | 60,930 | 1.43 | (0.24) | N/A | 1.24 | (0.06) | N/A | 95 | |
21.76 | 67,405 | 1.41 | (0.24) | N/A | 1.33 | (0.16) | N/A | 66 | |
52.95 | 1,289 | 2.14 | (1.21) | (1.25) | 1.99 | (1.05) | (1.09) | 91 | |
0.95 | 807 | 2.23 | (1.01) | (1.03) | 1.99 | (0.78) | (0.80) | 90 | |
6.09 | 1,029 | 2.17 | (0.92) | N/A | 1.99 | (0.74) | N/A | 70 | |
2.78 | 1,436 | 2.18 | (1.00) | N/A | 1.99 | (0.81) | N/A | 95 | |
20.75 | 4,913 | 2.16 | (0.99) | N/A | 2.09 | (0.91) | N/A | 66 | |
54.60 | 2,791 | 1.03 | (0.10) | (0.14) | 0.87 | 0.06 | 0.02 | 91 | |
2.15 | 1,994 | 1.09 | 0.08 | 0.06 | 0.86 | 0.32 | 0.30 | 90 | |
7.22 | 2,070 | 1.03 | 0.17 | N/A | 0.85 | 0.36 | N/A | 70 | |
0.42 | 6,532 | 1.03* | 0.06* | N/A | 0.85* | 0.24* | N/A | 95 | |
54.43 | 74,479 | 1.14 | (0.20) | (0.24) | 0.99 | (0.04) | (0.08) | 91 | |
2.00 | 31,341 | 1.23 | (0.04) | (0.06) | 0.99 | 0.19 | 0.17 | 90 | |
7.13 | 30,109 | 1.17 | 0.08 | N/A | 0.99 | 0.26 | N/A | 70 | |
3.77 | 37,420 | 1.18 | 0.02 | N/A | 0.99 | 0.21 | N/A | 95 | |
22.03 | 49,150 | 1.16 | 0.01 | N/A | 1.08 | 0.09 | N/A | 66 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.06% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(f) | For the period February 28, 2018 (commencement of operations) through October 31, 2018. |
* | Annualized. |
** | Rounds to more than $(.01) per share. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended October 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (08/94) | |||||||||
2021 | $17.30 | $ 0.04 | $11.09 | $11.13 | $(0.07) | $ — | $(0.07) | $28.36 | |
2020 | 22.19 | 0.09 | (4.77) | (4.68) | (0.21) | — | (0.21) | 17.30 | |
2019 | 22.96 | 0.18 | (0.17) | 0.01 | (0.13) | (0.65) | (0.78) | 22.19 | |
2018 | 25.19 | 0.12 | (2.15) | (2.03) | (0.10) | (0.10) | (0.20) | 22.96 | |
2017 | 20.98 | 0.11 | 4.70 | 4.81 | (0.09) | (0.51) | (0.60) | 25.19 | |
Class C (02/99) | |||||||||
2021 | 14.51 | (0.13) | 9.30 | 9.17 | — | — | — | 23.68 | |
2020 | 18.62 | (0.04) | (4.03) | (4.07) | (0.04) | — | (0.04) | 14.51 | |
2019 | 19.39 | 0.01 | (0.13) | (0.12) | — | (0.65) | (0.65) | 18.62 | |
2018 | 21.36 | (0.06) | (1.81) | (1.87) | — | (0.10) | (0.10) | 19.39 | |
2017 | 17.92 | (0.06) | 4.01 | 3.95 | — | (0.51) | (0.51) | 21.36 | |
Class R6 (06/16) | |||||||||
2021 | 18.02 | 0.12 | 11.57 | 11.69 | (0.16) | — | (0.16) | 29.55 | |
2020 | 23.09 | 0.15 | (4.93) | (4.78) | (0.29) | — | (0.29) | 18.02 | |
2019 | 23.83 | 0.29 | (0.18) | 0.11 | (0.20) | (0.65) | (0.85) | 23.09 | |
2018 | 26.09 | 0.23 | (2.22) | (1.99) | (0.17) | (0.10) | (0.27) | 23.83 | |
2017 | 21.71 | 0.21 | 4.84 | 5.05 | (0.16) | (0.51) | (0.67) | 26.09 | |
Class I (08/94) | |||||||||
2021 | 17.93 | 0.11 | 11.49 | 11.60 | (0.12) | — | (0.12) | 29.41 | |
2020 | 23.00 | 0.16 | (4.96) | (4.80) | (0.27) | — | (0.27) | 17.93 | |
2019 | 23.79 | 0.24 | (0.18) | 0.06 | (0.20) | (0.65) | (0.85) | 23.00 | |
2018 | 26.09 | 0.19 | (2.22) | (2.03) | (0.17) | (0.10) | (0.27) | 23.79 | |
2017 | 21.70 | 0.17 | 4.88 | 5.05 | (0.15) | (0.51) | (0.66) | 26.09 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
64.47% | $ 138,585 | 1.25% | 0.11% | 0.07% | 1.20% | 0.16% | 0.12% | 36% | |
(21.33) | 105,402 | 1.30 | 0.38 | 0.36 | 1.20 | 0.48 | 0.46 | 30 | |
0.44 | 213,819 | 1.28 | 0.73 | N/A | 1.20 | 0.81 | N/A | 31 | |
(8.12) | 291,122 | 1.24 | 0.43 | N/A | 1.20 | 0.47 | N/A | 35 | |
23.06 | 326,495 | 1.26 | 0.43 | N/A | 1.22 | 0.46 | N/A | 29 | |
63.20 | 28,500 | 2.00 | (0.66) | (0.70) | 1.95 | (0.62) | (0.66) | 36 | |
(21.93) | 22,263 | 2.05 | (0.38) | (0.40) | 1.95 | (0.28) | (0.30) | 30 | |
(0.28) | 45,920 | 2.03 | (0.01) | N/A | 1.95 | 0.07 | N/A | 31 | |
(8.80) | 70,077 | 1.99 | (0.32) | N/A | 1.95 | (0.28) | N/A | 35 | |
22.14 | 71,902 | 2.01 | (0.33) | N/A | 1.97 | (0.29) | N/A | 29 | |
65.14 | 182,835 | 0.85 | 0.40 | 0.36 | 0.81 | 0.45 | 0.41 | 36 | |
(21.01) | 85,491 | 0.86 | 0.71 | 0.69 | 0.76 | 0.81 | 0.79 | 30 | |
0.90 | 133,071 | 0.83 | 1.18 | N/A | 0.75 | 1.26 | N/A | 31 | |
(7.73) | 121,943 | 0.82 | 0.82 | N/A | 0.78 | 0.86 | N/A | 35 | |
23.40 | 52,508 | 0.85 | 0.82 | N/A | 0.81 | 0.86 | N/A | 29 | |
64.91 | 371,179 | 1.00 | 0.37 | 0.33 | 0.95 | 0.42 | 0.38 | 36 | |
(21.14) | 457,676 | 1.05 | 0.71 | 0.69 | 0.95 | 0.81 | 0.79 | 30 | |
0.69 | 1,228,912 | 1.03 | 0.99 | N/A | 0.95 | 1.06 | N/A | 31 | |
(7.88) | 1,812,444 | 0.99 | 0.67 | N/A | 0.95 | 0.71 | N/A | 35 | |
23.40 | 1,444,587 | 1.01 | 0.66 | N/A | 0.97 | 0.70 | N/A | 29 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal years ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund's Total Return for each share class would decrease by an amount equaling 0.06% and less than 0.01% if such voluntary compensation were excluded for the fiscal years ended 2021 and 2020, respectively. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended October 31, 2020. |
Dividend Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $3,998,884,054 | $ — | $ — | $3,998,884,054 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 3,586,563 | — | 3,586,563 |
Total | $3,998,884,054 | $3,586,563 | $ — | $4,002,470,617 |
Large Cap Select | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $51,881,316 | $ — | $ — | $51,881,316 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 293,243 | — | 293,243 |
Total | $51,881,316 | $293,243 | $ — | $52,174,559 |
Mid Cap Growth Opportunities | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $453,100,538 | $ — | $ — | $453,100,538 |
Investments Purchased with Collateral from Securities Lending | 2,989,014 | — | — | 2,989,014 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 1,844,428 | — | 1,844,428 |
Total | $456,089,552 | $1,844,428 | $ — | $457,933,980 |
Mid Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $402,478,978 | $ — | $ — | $402,478,978 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 2,008,393 | — | 2,008,393 |
Total | $402,478,978 | $2,008,393 | $ — | $404,487,371 |
Small Cap Growth Opportunities | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $364,866,359 | $ — | $ 591** | $364,866,950 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 8,502,842 | — | 8,502,842 |
Total | $364,866,359 | $8,502,842 | $ 591 | $373,369,792 |
Small Cap Select | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $156,901,224 | $ — | $ — | $156,901,224 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 934,790 | — | 934,790 |
Total | $156,901,224 | $934,790 | $ — | $157,836,014 |
Small Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $712,721,176 | $ — | $ — | $712,721,176 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 10,186,502 | — | 10,186,502 |
Total | $712,721,176 | $10,186,502 | $ — | $722,907,678 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. |
Fund | Counterparty | Short-Term Investments, at Value | Collateral Pledged (From) Counterparty |
Dividend Value | Fixed Income Clearing Corporation | $ 3,586,563 | $ (3,658,372) |
Large Cap Select | Fixed Income Clearing Corporation | 293,243 | (299,131) |
Mid Cap Growth Opportunities | Fixed Income Clearing Corporation | 1,844,428 | (1,881,357) |
Mid Cap Value | Fixed Income Clearing Corporation | 2,008,393 | (2,048,579) |
Small Cap Growth Opportunities | Fixed Income Clearing Corporation | 8,502,842 | (8,672,971) |
Small Cap Select | Fixed Income Clearing Corporation | 934,790 | (953,551) |
Small Cap Value | Fixed Income Clearing Corporation | 10,186,502 | (10,390,296) |
Fund | Asset Class out on Loan | Long-Term Investments, at Value | Total Collateral Received |
Mid Cap Growth Opportunities | Common Stocks | $3,051,329 | $2,989,014 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Purchases | $4,047,943,790 | $40,268,500 | $390,576,515 | $111,370,330 | $338,887,363 | $137,486,738 | $278,093,078 |
Sales | 3,845,361,574 | 46,289,242 | 466,039,528 | 144,796,758 | 288,003,376 | 116,495,192 | 639,443,339 |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Dividend Value | Shares | Amount | Shares | Amount | |
Shares issued in the Reorganization(1): | |||||
Class A | 14,146,957 | $ 187,318,787 | — | $ — | |
Class C | 627,042 | 8,132,038 | — | — | |
Class R3 | 6,476 | 85,328 | — | — | |
Class R6 | 14,338 | 194,379 | — | — | |
Class I | 3,185,887 | 42,798,951 | — | — | |
Shares sold: | |||||
Class A | 1,157,239 | 16,979,040 | 1,734,260 | 20,437,869 | |
Class A – automatic conversion of Class C Shares | 3,324 | 50,053 | 54 | 621 | |
Class A – automatic conversion of Class R3 Shares | 1,332,443 | 21,279,107 | — | — | |
Class C | 112,784 | 1,582,442 | 193,630 | 2,239,290 | |
Class R3(2) | 68,276 | 947,209 | 159,618 | 1,746,330 | |
Class R6 | 62,937,672 | 830,353,866 | 179,471,816 | 2,410,787,596 | |
Class I | 2,337,677 | 34,982,056 | 2,460,848 | 29,734,490 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 280,701 | 4,152,919 | 1,107,515 | 14,876,611 | |
Class C | 5,462 | 79,594 | 101,267 | 1,356,602 | |
Class R3(2) | 6,554 | 94,479 | 114,405 | 1,536,054 | |
Class R6 | 3,457,700 | 51,753,567 | 7,248,234 | 97,871,992 | |
Class I | 430,040 | 6,381,890 | 3,068,221 | 41,876,198 | |
90,110,572 | 1,207,165,705 | 195,659,868 | 2,622,463,653 | ||
Shares redeemed: | |||||
Class A | (3,593,966) | (51,695,213) | (4,154,339) | (49,589,042) | |
Class C | (755,345) | (10,514,193) | (891,846) | (10,473,615) | |
Class C – automatic conversion to Class A Shares | (3,395) | (50,053) | (55) | (621) | |
Class R3(2) | (210,384) | (2,987,934) | (438,326) | (5,398,966) | |
Class R3 – automatic conversion to Class A Shares | (1,339,151) | (21,279,107) | — | — | |
Class R6 | (49,365,807) | (758,797,773) | (17,527,429) | (219,987,010) | |
Class I | (12,324,980) | (181,766,981) | (16,207,142) | (197,801,746) | |
(67,593,028) | (1,027,091,254) | (39,219,137) | (483,251,000) | ||
Net increase (decrease) | 22,517,544 | $ 180,074,451 | 156,440,731 | $2,139,212,653 |
(1) | Refer to Note 9 - Fund Reorganization for further details. |
(2) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Large Cap Select | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 47,307 | $ 1,884,520 | 134,762 | $ 4,158,714 | |
Class A – automatic conversion of Class C Shares | 803 | 32,578 | 322 | 9,547 | |
Class C | 3,155 | 124,418 | 7,173 | 185,304 | |
Class I | 98,815 | 3,925,747 | 50,169 | 1,524,891 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 5,571 | 202,130 | 8,421 | 275,945 | |
Class C | 191 | 6,335 | 304 | 9,233 | |
Class I | 2,381 | 87,138 | 4,024 | 132,784 | |
158,223 | 6,262,866 | 205,175 | 6,296,418 | ||
Shares redeemed: | |||||
Class A | (103,066) | (4,038,382) | (180,869) | (5,479,450) | |
Class C | (18,279) | (705,300) | (22,286) | (631,267) | |
Class C – automatic conversion to Class A Shares | (872) | (32,578) | (349) | (9,547) | |
Class I | (187,915) | (7,515,427) | (158,896) | (4,944,826) | |
(310,132) | (12,291,687) | (362,400) | (11,065,090) | ||
Net increase (decrease) | (151,909) | $ (6,028,821) | (157,225) | $ (4,768,672) |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Mid Cap Growth Opportunities | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 349,354 | $ 13,123,791 | 341,601 | $ 10,282,625 | |
Class A – automatic conversion of Class C Shares | 4,809 | 178,393 | 1,918 | 60,102 | |
Class A – automatic conversion of Class R3 Shares | 447,164 | 16,424,332 | — | — | |
Class C | 29,587 | 564,997 | 58,594 | 1,001,719 | |
Class R3(1) | 84,014 | 2,712,835 | 116,835 | 2,963,548 | |
Class R6 | 61,828 | 3,280,240 | 69,071 | 2,828,971 | |
Class I | 545,230 | 28,289,772 | 651,522 | 26,130,311 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 743,887 | 26,593,930 | 1,279,599 | 36,289,441 | |
Class C | 71,611 | 1,294,017 | 105,468 | 1,707,528 | |
Class R3(1) | 92,472 | 2,853,671 | 202,069 | 5,055,764 | |
Class R6 | 61,586 | 3,099,614 | 107,409 | 4,121,288 | |
Class I | 290,822 | 14,363,681 | 561,024 | 21,178,645 | |
2,782,364 | 112,779,273 | 3,495,110 | 111,619,942 | ||
Shares redeemed: | |||||
Class A | (899,736) | (34,267,626) | (1,351,084) | (40,700,970) | |
Class C | (140,092) | (2,650,763) | (147,659) | (2,739,777) | |
Class C – automatic conversion to Class A Shares | (9,512) | (178,393) | (3,328) | (60,102) | |
Class R3(1) | (213,377) | (6,825,644) | (488,749) | (13,053,741) | |
Class R3 – automatic conversion to Class A Shares | (518,609) | (16,424,332) | — | — | |
Class R6 | (204,447) | (11,121,059) | (164,437) | (7,045,615) | |
Class I | (1,285,241) | (66,665,053) | (1,807,743) | (71,549,857) | |
(3,271,014) | (138,132,870) | (3,963,000) | (135,150,062) | ||
Net increase (decrease) | (488,650) | $ (25,353,597) | (467,890) | $ (23,530,120) |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Mid Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 176,017 | $ 8,867,632 | 146,750 | $ 5,376,357 | |
Class A – automatic conversion of Class C Shares | — | — | 130 | 5,313 | |
Class A – automatic conversion of Class R3 Shares | 187,245 | 10,113,091 | — | — | |
Class C | 22,953 | 1,060,245 | 17,918 | 648,901 | |
Class R3(1) | 17,856 | 836,063 | 55,184 | 1,897,528 | |
Class R6 | 246,011 | 12,833,710 | 87,664 | 3,120,999 | |
Class I | 1,081,377 | 52,902,284 | 2,093,498 | 74,393,486 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 11,428 | 487,609 | 11,554 | 493,467 | |
Class C | 549 | 22,041 | 377 | 15,175 | |
Class R3(1) | 2,764 | 116,499 | 1,602 | 67,895 | |
Class R6 | 6,084 | 260,623 | 5,674 | 243,148 | |
Class I | 67,471 | 2,885,751 | 62,189 | 2,661,684 | |
1,819,755 | 90,385,548 | 2,482,540 | 88,923,953 | ||
Shares redeemed: | |||||
Class A | (199,237) | (9,909,199) | (379,482) | (14,530,701) | |
Class C | (45,136) | (2,078,476) | (80,545) | (2,751,246) | |
Class C – automatic conversion to Class A Shares | — | — | (139) | (5,313) | |
Class R3(1) | (56,979) | (2,644,646) | (82,086) | (3,142,404) | |
Class R3 – automatic conversion to Class A Shares | (189,846) | (10,113,091) | — | — | |
Class R6 | (246,852) | (12,721,605) | (109,033) | (4,010,075) | |
Class I | (1,716,992) | (84,876,683) | (2,399,536) | (89,277,206) | |
(2,455,042) | (122,343,700) | (3,050,821) | (113,716,945) | ||
Net increase (decrease) | (635,287) | $ (31,958,152) | (568,281) | $ (24,792,992) |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Small Cap Growth Opportunities | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 210,876 | $ 6,782,987 | 97,178 | $ 2,190,342 | |
Class A – automatic conversion of Class C Shares | 18 | 595 | 76 | 1,647 | |
Class A – automatic conversion of Class R3 Shares | 59,678 | 1,904,933 | — | — | |
Class C | 21,766 | 478,657 | 42,219 | 749,010 | |
Class R3(1) | 17,583 | 512,385 | 15,779 | 346,774 | |
Class R6 | 12,037 | 497,643 | 277,938 | 7,332,807 | |
Class I | 2,526,502 | 98,987,203 | 1,047,075 | 28,017,023 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 193,026 | 5,656,110 | — | — | |
Class C | 20,943 | 413,003 | — | — | |
Class R3(1) | 8,983 | 241,104 | — | — | |
Class R6 | 714 | 26,440 | — | — | |
Class I | 493,823 | 18,077,089 | — | — | |
3,565,949 | 133,578,149 | 1,480,265 | 38,637,603 | ||
Shares redeemed: | |||||
Class A | (263,294) | (8,526,180) | (207,545) | (4,732,224) | |
Class C | (56,949) | (1,214,851) | (39,774) | (657,605) | |
Class C – automatic conversion to Class A Shares | (27) | (595) | (107) | (1,647) | |
Class R3(1) | (19,883) | (582,035) | (21,701) | (461,259) | |
Class R3 – automatic conversion to Class A Shares | (65,193) | (1,904,933) | — | — | |
Class R6 | (30,080) | (1,198,491) | (252,740) | (7,154,125) | |
Class I | (1,040,703) | (41,129,304) | (2,737,371) | (71,099,832) | |
(1,476,129) | (54,556,389) | (3,259,238) | (84,106,692) | ||
Net increase (decrease) | 2,089,820 | $ 79,021,760 | (1,778,973) | $(45,469,089) |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Small Cap Select | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 623,191 | $ 6,798,571 | 307,114 | $ 2,205,137 | |
Class A – automatic conversion of Class C Shares | 581 | 6,308 | 565 | 4,406 | |
Class A – automatic conversion of Class R3 Shares | 562,027 | 6,452,067 | — | — | |
Class C | 64,985 | 382,698 | 70,370 | 281,979 | |
Class R3(1) | 119,314 | 1,102,237 | 224,753 | 1,220,971 | |
Class R6 | 59,689 | 857,317 | 65,961 | 634,452 | |
Class I | 2,660,201 | 39,466,942 | 1,104,358 | 10,933,722 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 89,710 | 844,247 | 9,868 | 80,423 | |
Class C | 5,098 | 25,593 | — | — | |
Class R3(1) | 12,626 | 103,624 | — | — | |
Class R6 | 2,572 | 33,156 | 1,026 | 11,344 | |
Class I | 35,363 | 454,374 | 9,610 | 106,187 | |
4,235,357 | 56,527,134 | 1,793,625 | 15,478,621 | ||
Shares redeemed: | |||||
Class A | (1,032,915) | (11,283,611) | (1,242,360) | (9,117,685) | |
Class C | (55,152) | (317,599) | (124,081) | (490,229) | |
Class C – automatic conversion to Class A Shares | (1,091) | (6,308) | (1,041) | (4,406) | |
Class R3(1) | (157,731) | (1,460,155) | (322,738) | (2,126,594) | |
Class R3 – automatic conversion to Class A Shares | (647,148) | (6,452,067) | — | — | |
Class R6 | (77,588) | (1,160,940) | (77,255) | (754,897) | |
Class I | (1,048,813) | (15,013,360) | (1,044,786) | (10,307,860) | |
(3,020,438) | (35,694,040) | (2,812,261) | (22,801,671) | ||
Net increase (decrease) | 1,214,919 | $ 20,833,094 | (1,018,636) | $ (7,323,050) |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Year Ended 10/31/21 | Year Ended 10/31/20 | ||||
Small Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 1,113,245 | $ 27,474,076 | 1,679,381 | $ 28,735,864 | |
Class A – automatic conversion of Class C Shares | — | — | 24 | 484 | |
Class A – automatic conversion of Class R3 Shares | 642,426 | 17,936,527 | — | — | |
Class C | 65,952 | 1,365,627 | 167,965 | 2,606,380 | |
Class R3(1) | 143,265 | 3,292,369 | 342,986 | 5,708,212 | |
Class R6 | 6,135,359 | 149,052,959 | 3,521,336 | 68,210,371 | |
Class I | 5,117,952 | 127,784,449 | 14,031,385 | 256,068,614 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 14,565 | 314,161 | 66,708 | 1,512,264 | |
Class C | — | — | 3,856 | 73,760 | |
Class R3(1) | 1,116 | 23,543 | 10,488 | 232,719 | |
Class R6 | 45,797 | 1,026,309 | 55,326 | 1,301,811 | |
Class I | 89,548 | 1,998,711 | 471,163 | 11,048,770 | |
13,369,225 | 330,268,731 | 20,350,618 | 375,499,249 | ||
Shares redeemed: | |||||
Class A | (2,975,907) | (74,076,213) | (5,288,285) | (100,564,645) | |
Class C | (397,010) | (8,204,114) | (1,103,974) | (16,744,890) | |
Class C – automatic conversion to Class A Shares | — | — | (28) | (484) | |
Class R3(1) | (458,512) | (10,921,193) | (1,102,459) | (19,738,716) | |
Class R3 – automatic conversion to Class A Shares | (657,497) | (17,936,527) | — | — | |
Class R6 | (4,737,760) | (124,122,889) | (4,596,946) | (84,950,504) | |
Class I | (18,107,716) | (455,304,565) | (42,404,624) | (774,918,404) | |
(27,334,402) | (690,565,501) | (54,496,316) | (996,917,643) | ||
Net increase (decrease) | (13,965,177) | $(360,296,770) | (34,145,698) | $(621,418,394) |
(1) | Class R3 Shares were converted to Class A Shares at the close of business on June 4, 2021 and are no longer available for reinvestment or through an exchange from other Nuveen mutual funds. |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Tax cost of investments | $3,294,192,127 | $39,211,912 | $335,115,738 | $273,638,212 | $293,510,397 | $122,729,592 | $540,296,394 |
Gross unrealized: | |||||||
Appreciation | $ 765,799,663 | $13,285,100 | $132,705,046 | $134,985,380 | $ 92,216,260 | $ 39,921,821 | $203,027,271 |
Depreciation | (57,521,173) | (322,453) | (9,886,804) | (4,136,221) | (12,356,865) | (4,815,399) | (20,415,987) |
Net unrealized appreciation (depreciation) of investments | $ 708,278,490 | $12,962,647 | $122,818,242 | $130,849,159 | $ 79,859,395 | $ 35,106,422 | $182,611,284 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Undistributed net ordinary income1 | $128,003,762 | $4,377,557 | $39,117,077 | $ 2,452,049 | $19,802,314 | $11,066,218 | $1,428,626 |
Undistributed net long-term capital gains | 158,926,666 | 5,253,845 | 58,096,296 | 18,333,563 | 37,339,331 | 11,075,043 | — |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
2021 | Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value |
Distributions from net ordinary income1 | $63,553,775 | $238,344 | $ 5,961,416 | $4,074,794 | $ 6,034,590 | $ 49,133 | $4,195,318 |
Distributions from net long-term capital gains | — | 143,043 | 44,895,510 | — | 20,074,993 | 1,446,301 | — |
2020 | Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value |
Distributions from net ordinary income1 | $ 46,647,165 | $555,424 | $ — | $3,801,189 | $ — | $ 64,365 | $17,545,179 |
Distributions from net long-term capital gains | 117,154,455 | — | 73,546,562 | — | — | 144,293 | — |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
Dividend Value2 | Small Cap Value | |
Not subject to expiration: | ||
Short-term | $16,544,655 | $ 81,728,543 |
Long-term | 1,581,801 | 192,144,873 |
Total | $18,126,456 | $273,873,416 |
2 | A portion of Dividend Value's capital loss carryforwards are subject to an annual limitation under the Internal Revenue Code and related regulations. |
Dividend Value | Mid Cap Value | Small Cap Value | |
Utilized capital loss carryforwards | $234,087,157 | $19,403,344 | $160,962,096 |
Average Daily Net Assets | Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value |
For the first $125 million | 0.5000% | 0.5000% | 0.6000% | 0.6000% | 0.6500% | 0.6500% | 0.6500% |
For the next $125 million | 0.4875 | 0.4875 | 0.5875 | 0.5875 | 0.6375 | 0.6375 | 0.6375 |
For the next $250 million | 0.4750 | 0.4750 | 0.5750 | 0.5750 | 0.6250 | 0.6250 | 0.6250 |
For the next $500 million | 0.4625 | 0.4625 | 0.5625 | 0.5625 | 0.6125 | 0.6125 | 0.6125 |
For the next $1 billion | 0.4500 | 0.4500 | 0.5500 | 0.5500 | 0.6000 | 0.6000 | 0.6000 |
For the next $3 billion | 0.4250 | 0.4250 | 0.5250 | 0.5250 | 0.5750 | 0.5750 | 0.5750 |
For the next $2.5 billion | 0.4000 | 0.4000 | 0.5000 | 0.5000 | 0.5500 | 0.5500 | 0.5500 |
For the next $2.5 billion | 0.3875 | 0.3875 | 0.4875 | 0.4875 | 0.5375 | 0.5375 | 0.5375 |
For net assets over $10 billion | 0.3750 | 0.3750 | 0.4750 | 0.4750 | 0.5250 | 0.5250 | 0.5250 |
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 |
Fund | Complex-Level Fee |
Dividend Value | 0.1655% |
Large Cap Select | 0.2000% |
Mid Cap Growth Opportunities | 0.2000% |
Mid Cap Value | 0.1879% |
Small Cap Growth Opportunities | 0.1692% |
Small Cap Select | 0.2000% |
Small Cap Value | 0.1594% |
Fund | Expense Cap | Expense Cap Expiration Date |
Dividend Value | 0.74%* | July 31, 2023 |
Large Cap Select | 0.80 | July 31, 2023 |
Mid Cap Growth Opportunities | 0.92 | July 31, 2023 |
Mid Cap Value | 0.92 | July 31, 2023 |
Small Cap Growth Opportunities | 0.99 | July 31, 2023 |
Small Cap Select | 0.99 | July 31, 2023 |
Small Cap Value | 0.99 | July 31, 2023 |
Cross-Trades | Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value |
Purchases | $ — | $ — | $ — | $ — | $ — | $ — | $ — |
Sales | 222,572,469 | 122,050 | 543,597 | — | 420,957 | 167,946 | — |
Realized gain (loss) | 20,915,138 | 43,337 | 109,491 | — | 84,789 | 33,828 | — |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Sales charges collected (Unaudited) | $81,046 | $12,412 | $33,443 | $37,668 | $38,640 | $24,114 | $71,429 |
Paid to financial intermediaries (Unaudited) | 72,446 | 10,970 | 30,306 | 33,552 | 34,556 | 22,039 | 62,685 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Commission advances (Unaudited) | $19,917 | $504 | $9,945 | $9,203 | $6,096 | $9,413 | $12,134 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
12b-1 fees retained (Unaudited) | $14,997 | $412 | $2,247 | $3,454 | $938 | $1,695 | $14,864 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
CDSC retained (Unaudited) | $3,725 | $118 | $1,271 | $5,552 | $685 | $138 | $1,329 |
Dividend Value | Mid Cap Value | |
TIAA | – % | – %* |
TIAA-CREF Lifecycle Retirement Income Fund | 1 | – |
TIAA-CREF Lifecycle 2010 Fund | 1 | – |
TIAA-CREF Lifecycle 2015 Fund | 2 | – |
TIAA-CREF Lifecycle 2020 Fund | 4 | – |
TIAA-CREF Lifecycle 2025 Fund | 7 | – |
TIAA-CREF Lifecycle 2030 Fund | 9 | – |
TIAA-CREF Lifecycle 2035 Fund | 10 | – |
TIAA-CREF Lifecycle 2040 Fund | 14 | – |
TIAA-CREF Lifecycle 2045 Fund | 10 | – |
TIAA-CREF Lifecycle 2050 Fund | 8 | – |
TIAA-CREF Lifecycle 2055 Fund | 3 | – |
TIAA-CREF Lifecycle 2060 Fund | 1 | – |
TIAA-CREF Lifecycle 2065 Fund | – * | – |
TIAA-CREF Lifestyle Aggressive Growth Fund | 1 | – |
TIAA-CREF Lifestyle Conservative Fund | – * | – |
TIAA-CREF Lifestyle Growth Fund | 1 | – |
TIAA-CREF Lifestyle Income Fund | – * | – |
TIAA-CREF Lifestyle Moderate Fund | 1 | – |
TIAA-CREF Managed Allocation Fund | 2 | – |
Nuveen Large Cap Value Fund | |
Cost of Investments | $225,328,370 |
Fair value of Investments | 238,180,910 |
Net unrealized appreciation (depreciation) of Investments | 12,852,540 |
Target Fund - Prior to the Reorganization | Shares Outstanding | Net Assets | NAV per Share |
Nuveen Large Cap Value Fund | |||
Class A | 8,548,709 | $187,318,787 | $21.91 |
Class C | 389,824 | 8,132,038 | 20.86 |
Class R3 | 3,848 | 85,328 | 22.17 |
Class R6 | 8,834 | 194,379 | 22.00 |
Class I | 1,946,067 | 42,798,951 | 21.99 |
Acquiring Fund - Prior to the Reorganization | Shares Outstanding | Net Assets | NAV per Share |
Dividend Value | |||
Class A | 13,600,797 | $ 180,086,396 | $13.24 |
Class C | 1,017,504 | 13,195,877 | 12.97 |
Class R3 | 1,465,499 | 19,309,213 | 13.18 |
Class R6 | 208,791,884 | 2,830,532,308 | 13.56 |
Class I | 34,338,308 | 461,295,994 | 13.43 |
Acquiring Fund - After the Reorganization | Shares Outstanding | Net Assets | NAV per Share |
Dividend Value | |||
Class A | 27,747,754 | $ 367,405,183 | $13.24 |
Class C | 1,644,546 | 21,327,915 | 12.97 |
Class R3 | 1,471,975 | 19,394,541 | 13.18 |
Class R6 | 208,806,222 | 2,830,726,687 | 13.56 |
Class I | 37,524,195 | 504,094,945 | 13.43 |
Acquiring Fund - Pro Forma Results from Operations | Dividend Value |
Net investment income (loss) | $ 68,617,229 |
Net realized and unrealized gains (losses) | 1,243,833,980 |
Change in net assets resulting from operations | 1,312,451,209 |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
Long-term capital gain dividends | $14,541,467 | $1,044,427 | $56,049,053 | $1,022,576 | $24,336,849 | $3,797,056 | $- |
Dividend Value | Large Cap Select | Mid Cap Growth Opportunities | Mid Cap Value | Small Cap Growth Opportunities | Small Cap Select | Small Cap Value | |
% of DRD | 100.0% | 100.0% | 35.9% | 100.0% | 12.1% | 100.0% | 100.0% |
% of QDI | 100.0% | 100.0% | 36.8% | 100.0% | 12.1% | 100.0% | 100.0% |
• | Centralization of Functions – ongoing initiatives to centralize investment leadership, market approach and shared support functions within Nuveen and its affiliates in seeking to operate more effectively the business and enhance the services to the Nuveen funds; |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to continually improve product platforms and investment strategies to better serve shareholders through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new funds; reviewing and updating investment policies and benchmarks; and modifying portfolio management teams for various funds; |
• | Investment Team Integrations – continuing to integrate and adjust the members of certain investment teams, in part, to allow greater access to tools and resources within the Nuveen organization and its affiliates; |
• | Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to support existing funds and facilitate regulatory or logistical changes; |
• | Liquidity Management – continuing to operate the liquidity management program of the applicable Nuveen funds including monitoring daily their liquidity profile and assessing annually the overall liquidity risk of such funds; |
• | Compliance Program Initiatives – continuing efforts to mitigate compliance risk, increase operating efficiencies, implement enhancements to strengthen key compliance program elements and support international business growth and other corporate objectives; |
• | Investment Oversight – preparing reports to the Board addressing, among other things, fund performance; market conditions; investment teams; new products; changes to mandates, policies and benchmarks; and other management proposals; |
• | Risk Management and Valuation Services - continuing to oversee and manage risk including, among other things, conducting daily calculations and monitoring of risk measures across the Nuveen funds, instituting appropriate investment risk controls, providing risk reporting throughout the firm, participating in internal oversight committees, and continuing to implement an operational risk framework that seeks to provide greater transparency of operational risk matters across the complex as well as provide multiple other risk programs that seek to provide a more disciplined and consistent approach to identifying and mitigating Nuveen’s operational risks. Further, the securities valuation team continues, among other things, to oversee the daily valuation process of the portfolio securities of the funds, maintains the valuation policies and procedures, facilitates valuation committee meetings, manages relationships with pricing vendors, and prepares relevant valuation reports and designs methods to simplify and enhance valuation workflow within the organization; |
• | Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of Nuveen and/or the Nuveen funds, to implement and comply with new or revised rules and mandates and to respond to regulatory inquiries and exams; |
• | Government Relations – continuing efforts of various Nuveen teams and Nuveen’s affiliates to develop policy positions on a broad range of issues that may impact the Nuveen funds, advocate and communicate these positions to lawmakers and other regulatory authorities and work with trade associations to ensure these positions are represented; |
• | Business Continuity, Disaster Recovery and Information Security – continuing efforts of Nuveen to periodically test and update business continuity and disaster recovery plans and, together with its affiliates, to maintain an information security program designed to identify and manage information security risks, and provide reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, potential impact of new or revised laws and regulations, incident tracking and other relevant information technology risk-related reports; and |
• | Dividend Management Services – continuing to manage the dividends among the varying types of Nuveen funds within the Nuveen complex to be consistent with the respective fund’s product design and positioning in striving to deliver those earnings to shareholders in a relatively consistent manner over time as well as assisting in the development of new products or the restructuring of existing funds. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Director |
Independent Directors: | ||||
Terence J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 | Chair and Director | 2008 | Formerly, a Co-Founding Partner, Promus Capital (investment advisory firm) (2008-2017); Director, Quality Control Corporation (manufacturing) (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (philanthropy) (since 2012), and chair of its investment committee; formerly, Director, Fulcrum IT Services LLC (information technology services firm to government entities) (2010-2019); formerly, Director, LogicMark LLC (health services) (2012-2016); formerly, Director, Legal & General Investment Management America, Inc. (asset management) (2008-2013); formerly, CEO and President, Northern Trust Global Investments (financial services) (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (financial services) (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003- 2007) and Northern Trust Hong Kong Board (1997-2004). | 142 |
Jack B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 | Director | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, (private philanthropic corporation); Life Trustee of Coe College; formerly, Member and President Pro-Tem of the Board of Regents for the State of Iowa University System (2007- 2013); Director and Chairman (2009-2021), United Fire Group, a publicly held company; Director, Public Member, American Board of Orthopaedic Surgery (2015-2020); Director (2000-2004), Alliant Energy; Director (1996-2015), The Gazette Company (media and publishing); Director (1997- 2003), Federal Reserve Bank of Chicago; President and Chief Operating Officer (1972-1995), SCI Financial Group, Inc., (regional financial services firm). | 142 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Director |
William C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 | Director | 2003 | Dean Emeritus, formerly, Dean, Tippie College of Business, University of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005-2015), and past President (2010- 2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | 142 |
Amy B. R. Lancellotta 1959 333 W. Wacker Drive Chicago, IL 60606 | Director | 2021 | Formerly, Managing Director, Independent Directors Council (IDC) (supports the fund independent director community and is part of the Investment Company Institute (ICI), which represents regulated investment companies) (2006-2019); formerly, various positions with ICI (1989-2006); Member of the Board of Directors, Jewish Coalition Against Domestic Abuse (JCADA) (since 2020). | 142 |
Joanne T. Medero 1954 333 W. Wacker Drive Chicago, IL 60606 | Director | 2021 | Formerly, Managing Director, Government Relations and Public Policy (2009-2020) and Senior Advisor to the Vice Chairman (2018-2020), BlackRock, Inc. (global investment management firm); formerly, Managing Director, Global Head of Government Relations and Public Policy, Barclays Group (IBIM) (investment banking, investment management and wealth management businesses)(2006-2009); formerly, Managing Director, Global General Counsel and Corporate Secretary, Barclays Global Investors (global investment management firm) (1996-2006); formerly, Partner, Orrick, Herrington & Sutcliffe LLP (law firm) (1993-1995); formerly, General Counsel, Commodity Futures Trading Commission (government agency overseeing U.S. derivatives markets) (1989-1993); formerly, Deputy Associate Director/Associate Director for Legal and Financial Affairs, Office of Presidential Personnel, The White House (1986-1989); Member of the Board of Directors, Baltic-American Freedom Foundation (seeks to provide opportunities for citizens of the Baltic states to gain education and professional development through exchanges in the U.S.) (since 2019). | 142 |
Albin F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 | Director | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc. (consumer wireless services), including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996) including Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics). | 142 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Director |
John K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 | Director | 2013 | Member of Board of Directors of Core12 LLC. (private firm which develops branding, marketing and communications strategies for clients) (since 2008); served The President's Council of Fordham University (2010-2019) and previously a Director of the Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the Financial Services practice of Deloitte Consulting LLP. (2012-2014); former Chair of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive Officer of ABN AMRO Bank N.V., North America, and Global Head of the Financial Markets Division (2007-2008), with various executive leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. | 142 |
Judith M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 | Director | 1997 | Board Member, Land Trust Alliance (national public charity addressing natural land and water conservation in the U.S.) (since 2013); formerly, Board Member, U.S. Endowment for Forestry and Communities (national endowment addressing forest health, sustainable forest production and markets, and economic health of forest-reliant communities in the U.S.) (2013-2019); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation (private foundation endowed to support both natural land conservation and artistic vitality); prior thereto, Executive Director, Great Lakes Protection Fund (endowment created jointly by seven of the eight Great Lakes states' Governors to take a regional approach to improving the health of the Great Lakes) (1990-1994). | 142 |
Carole E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 | Director | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); formerly, Director, Cboe Global Markets, Inc., (2010-2020) (formerly named CBOE Holdings, Inc.); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 142 |
Matthew Thornton III 1958 333 W. Wacker Drive Chicago, IL 60606 | Director | 2020 | Formerly, Executive Vice President and Chief Operating Officer (2018-2019), FedEx Freight Corporation, a subsidiary of FedEx Corporation ("FedEx") (provider of transportation, e-commerce and business services through its portfolio of companies); formerly, Senior Vice President, U.S. Operations (2006-2018), Federal Express Corporation, a subsidiary of FedEx; formerly Member of the Board of Directors (2012-2018), Safe Kids Worldwide® (a non-profit organization dedicated to preventing childhood injuries). Member of the Board of Directors (since 2014), The Sherwin-Williams Company (develops, manufactures, distributes and sells paints, coatings and related products); Director (since 2020), Crown Castle International (provider of communications infrastructure). | 142 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Director |
Margaret L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 | Director | 2016 | Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (legal services, Mergers & Acquisitions Group) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | 142 |
Robert L. Young 1963 333 W. Wacker Drive Chicago, IL 60606 | Director | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (financial services) (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (financial services) (formerly, One Group Dealer Services, Inc.) (1999-2017). | 142 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Officers of the Funds: | ||||
Christopher E. Stickrod 1976 333 W. Wacker Drive Chicago, IL 60606 | Chief Administrative Officer | 2020 | Senior Managing Director (since 2017) and Head of Advisory Product (since 2020), formerly, Managing Director (2016-2017) and Senior Vice President (2013-2016) of Nuveen; Senior Managing Director of Nuveen Securities, LLC (since 2018) and of Nuveen Fund Advisors, LLC (since 2019). | |
Mark J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 | Vice President and Secretary | 2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen (since 2013) and Vice President, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2018). | |
Diana R. Gonzalez 1978 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2017 | Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen (since 2017); formerly, Associate General Counsel of Jackson National Asset Management, LLC (2012-2017). | |
Nathaniel T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Treasurer | 2016 | Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Senior Vice President (2016-2017), Vice President (2011- 2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Tina M. Lazar 1961 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2002 | Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |
Brian J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Jacques M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen (since May 2019); Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (2013-2019). | |
Kevin J. McCarthy 1966 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2007 | Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Fund Advisors, LLC, formerly, Co-General Counsel (2011-2020), Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) of Nuveen Asset Management, LLC, formerly, Associate General Counsel (2011-2020), Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010). Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |
Jon Scott Meissner 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President and Assistant Secretary | 2019 | Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. | |
Deann D. Morgan 1969 730 Third Avenue New York, NY 10017 | Vice President | 2020 | President, Nuveen Fund Advisors, LLC (since 2020); Executive Vice President, Global Head of Product at Nuveen (since 2019); Co-Chief Executive Officer of Nuveen Securities, LLC (since 2020); Managing Member of MDR Collaboratory LLC (since 2018); formerly. Managing Director, Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone Group (2013-2017). | |
Christopher M. Rohrbacher 1971 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2008 | Managing Director and Assistant Secretary (since 2017) of Nuveen Securities, LLC; Managing Director (since 2017), General Counsel (since 2020), and Assistant Secretary (since 2016), formerly, Senior Vice President (2016-2017), of Nuveen Fund Advisors, LLC; Managing Director, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Managing Director (since 2017) and Associate General Counsel (since 2016), formerly, Senior Vice President (2012-2017) and Assistant General Counsel (2008-2016) of Nuveen. | |
William A. Siffermann 1975 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2017 | Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen. | |
E. Scott Wickerham 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President and Controller | 2019 | Senior Managing Director, Head of Public Investment Finance at Nuveen (since 2019), formerly, Managing Director; Senior Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) of the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and Principal Financial Officer, Principal Accounting Officer (since 2020) and Treasurer (since 2017) of the CREF Accounts; formerly, Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Mark L. Winget 1968 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2008 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008), and Nuveen Fund Advisors, LLC (since 2019); Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Vice President (since 2010) and Associate General Counsel (since 2019), formerly, Assistant General Counsel (2008-2016) of Nuveen. | |
Gifford R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Chief Compliance Officer | 1988 | Formerly, Managing Director (2002-2020) and Assistant Secretary (2002-2020) of Nuveen Securities, LLC; formerly, Managing Director (2002-2020), Assistant Secretary (1997-2020) and Co-General Counsel (2011-2020) of Nuveen Fund Advisors, LLC; formerly, Managing Director (2004-2020) and Assistant Secretary (1994-2020) of Nuveen Investments, Inc.; formerly, Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (2011-2020); formerly, Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (2002-2020), Santa Barbara Asset Management, LLC (2006-2020) and Winslow Capital Management, LLC (2010-2020); Chartered Financial Analyst. |
Serving Investors for Generations
ITEM 2. | CODE OF ETHICS. |
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans, William C. Hunter and Albin F. Moschner, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Currently, Ms. Stone is on the Board of Directors of CBOE Holdings, Inc., of the Chicago Board Options Exchange, and of C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee has involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Hunter was formerly a Senior Vice President at the Federal Reserve Bank of Chicago. As part of his role as Senior Vice President, Mr. Hunter was the senior officer responsible for all operations of each of the Economic Research, Statistics, and Community and Consumer Affairs units at the Federal Reserve Bank of Chicago. In such capacity, Mr. Hunter oversaw the subunits of the Statistics and Community and Consumer Affairs divisions responsible for the analysis and evaluation of bank and bank holding company financial statements and financial filings. Prior to serving as Senior Vice President at the Federal Reserve Bank of Chicago, Mr. Hunter was the Vice President of the Financial Markets unit at the Federal Reserve Bank of Atlanta where he supervised financial staff and bank holding company analysts who analyzed and evaluated bank and bank holding company financial statements. Mr. Hunter also currently serves on the Boards of Directors of Xerox Corporation and Wellmark, Inc. as well as on the Audit Committees of such Boards. As an Audit Committee member, Mr. Hunter’s responsibilities include, among other things, reviewing financial statements, internal audits and internal controls over financial reporting. Mr. Hunter also formerly was a Professor of Finance at the University of Connecticut School of Business and has authored numerous scholarly articles on the topics of finance, accounting and economics.
Mr. Moschner, Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc., (consumer wireless services) including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996), including Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics).
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
The following tables show the amount of fees that PricewaterhouseCoopers the Funds’ auditor, billed to the Funds’ during the Funds’ last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that PricewaterhouseCoopers provided to the Funds, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The preapproval exception for services provided directly to the Funds waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
Fiscal Year Ended October 31, 2021 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen Dividend Value Fund | 27,984 | 9,500 | 0 | 0 | ||||||||||||
Nuveen Mid Cap Growth Opportunities Fund | 16,500 | 5,000 | 2,500 | 0 | ||||||||||||
Nuveen Small Cap Value Fund | 17,690 | 5,000 | 0 | 0 | ||||||||||||
Nuveen Mid Cap Value Fund | 16,170 | 5,000 | 0 | 0 | ||||||||||||
Nuveen Small Cap Growth Opportunities Fund | 15,930 | 5,000 | 2,500 | 0 | ||||||||||||
Nuveen Small Cap Select Fund | 15,445 | 5,000 | 2,500 | 0 | ||||||||||||
Nuveen Large Cap Select Fund | 15,190 | 5,000 | 0 | 0 | ||||||||||||
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|
|
|
|
| |||||||||
Total | $ | 124,909 | $ | 39,500 | $ | 7,500 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen Dividend Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Mid Cap Growth Opportunities Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Small Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Mid Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Small Cap Growth Opportunities Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Small Cap Select Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Large Cap Select Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
October 31, 2020 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen Dividend Value Fund | 21,735 | 0 | 0 | 0 | ||||||||||||
Nuveen Mid Cap Growth Opportunities Fund | 15,865 | 0 | 0 | 0 | ||||||||||||
Nuveen Small Cap Value Fund | 18,915 | 0 | 0 | 0 | ||||||||||||
Nuveen Mid Cap Value Fund | 15,715 | 0 | 0 | 0 | ||||||||||||
Nuveen Small Cap Growth Opportunities Fund | 15,435 | 0 | 0 | 0 | ||||||||||||
Nuveen Small Cap Select Fund | 14,975 | 0 | 0 | 0 | ||||||||||||
Nuveen Large Cap Select Fund | 14,835 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 117,475 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen Dividend Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Mid Cap Growth Opportunities Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Small Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Mid Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Small Cap Growth Opportunities Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Small Cap Select Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen Large Cap Select Fund | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended October 31, 2021 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nuveen Investment Funds, Inc. | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % | |||||||
Fiscal Year Ended October 31, 2020 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nuveen Investment Funds, Inc. | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % |
Fiscal Year Ended October 31, 2021 | Total Non-Audit Fees Billed to Funds | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Funds) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | |||||||||
Fund Name | ||||||||||||
Nuveen Dividend Value Fund | 0 | 0 | 0 | |||||||||
Nuveen Mid Cap Growth Opportunities Fund | 2,500 | 0 | 0 | |||||||||
Nuveen Small Cap Value Fund | 0 | 0 | 0 | |||||||||
Nuveen Mid Cap Value Fund | 0 | 0 | 0 | |||||||||
Nuveen Small Cap Growth Opportunities Fund | 2,500 | 0 | 0 | |||||||||
Nuveen Small Cap Select Fund | 2,500 | 0 | 0 | |||||||||
Nuveen Large Cap Select Fund | 0 | 0 | 0 | |||||||||
|
|
|
|
|
| |||||||
Total | $ | 7,500 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Fiscal Year Ended October 31, 2020 | Total Non-Audit Fees Billed to Funds | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Funds) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | |||||||||
Fund Name | ||||||||||||
Nuveen Dividend Value Fund | 0 | 0 | 0 | |||||||||
Nuveen Mid Cap Growth Opportunities Fund | 0 | 0 | 0 | |||||||||
Nuveen Small Cap Value Fund | 0 | 0 | 0 | |||||||||
Nuveen Mid Cap Value Fund | 0 | 0 | 0 | |||||||||
Nuveen Small Cap Growth Opportunities Fund | 0 | 0 | 0 | |||||||||
Nuveen Small Cap Select Fund | 0 | 0 | 0 | |||||||||
Nuveen Large Cap Select Fund | 0 | 0 | 0 | |||||||||
|
|
|
|
|
| |||||||
Total | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Funds by the Funds’ independent accountant and (ii) all audit and non-audit services to be performed by the Funds’ independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
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 of Trustees 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.
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 Funds, Inc.
By (Signature and Title) | /s/ Mark J. Czarniecki | |
Mark J. Czarniecki | ||
Vice President and Secretary |
Date: January 6, 2022
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/ Christopher E. Stickrod | |
Christopher E. Stickrod | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: January 6, 2022
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: January 6, 2022