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 811-07619
Nuveen Investment Trust
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Christopher M. Rohrbacher
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: June 30
Date of reporting period: June 30, 2020
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 NWQ Global Equity Income Fund | NQGAX | NQGCX | NQGRX | — | NQGIX | |
Nuveen NWQ International Value Fund | NAIGX | NCIGX | NTITX | — | NGRRX | |
Nuveen NWQ Multi-Cap Value Fund | NQVAX | NQVCX | — | — | NQVRX | |
Nuveen NWQ Large-Cap Value Fund | NQCAX | NQCCX | NQCQX | — | NQCRX | |
Nuveen NWQ Small/Mid-Cap Value Fund | NSMAX | NSMCX | NWQRX | NWQFX | NSMRX | |
Nuveen NWQ Small-Cap Value Fund | NSCAX | NSCCX | NSCQX | NSCFX | NSCRX |
Total Returns as of June 30, 2020* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 9/15/09 | (9.53)% | 1.04% | 6.70% | 1.19% | 1.11% | |
Class A Shares at maximum Offering Price | 9/15/09 | (14.73)% | (0.15)% | 6.07% | — | — | |
MSCI World Index | — | 2.84% | 6.90% | 9.95% | — | — | |
Lipper Global Equity Income Funds Classification Average | — | (5.61)% | 3.30% | 6.59% | — | — | |
Class C Shares | 9/15/09 | (10.18)% | 0.29% | 5.91% | 1.94% | 1.86% | |
Class R3 Shares | 9/15/09 | (9.75)% | 0.79% | 6.44% | 1.44% | 1.36% | |
Class I Shares | 9/15/09 | (9.25)% | 1.30% | 6.97% | 0.94% | 0.86% |
Total Returns as of June 30, 2020* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 12/20/99 | (11.24)% | (1.60)% | 1.47% | 1.32% | 1.15% | |
Class A Shares at maximum Offering Price | 12/20/99 | (16.35)% | (2.76)% | 0.87% | — | — | |
MSCI EAFE Index | — | (5.13)% | 2.05% | 5.73% | — | — | |
Lipper International Multi-Cap Value Funds Classification Average | — | (11.57)% | (1.32)% | 3.63% | — | — | |
Class C Shares | 12/20/99 | (11.88)% | (2.34)% | 0.71% | 2.07% | 1.90% | |
Class R3 Shares | 8/04/08 | (11.47)% | (1.85)% | 1.21% | 1.57% | 1.40% | |
Class I Shares | 12/20/99 | (11.00)% | (1.35)% | 1.72% | 1.07% | 0.90% |
Total Returns as of June 30, 2020* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 12/09/02 | (15.73)% | 1.94% | 6.92% | 1.26% | 1.15% | |
Class A Shares at maximum Offering Price | 12/09/02 | (20.58)% | 0.74% | 6.29% | — | — | |
Russell 3000® Value Index | — | (9.42)% | 4.41% | 10.23% | — | — | |
Lipper Multi-Cap Value Funds Classification Average | — | (10.51)% | 3.06% | 8.87% | — | — | |
Class C Shares | 12/09/02 | (16.37)% | 1.17% | 6.11% | 2.01% | 1.90% | |
Class I Shares | 11/04/97 | (15.51)% | 2.20% | 7.19% | 1.01% | 0.90% |
Total Returns as of June 30, 2020* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 12/15/06 | (12.08)% | 1.92% | 6.52% | 1.27% | 1.00% | |
Class A Shares at maximum Offering Price | 12/15/06 | (17.07)% | 0.71% | 5.89% | — | — | |
Russell 1000® Value Index | — | (8.84)% | 4.64% | 10.41% | — | — | |
Lipper Multi-Cap Value Funds Classification Average | — | (10.51)% | 3.06% | 8.87% | — | — | |
Class C Shares | 12/15/06 | (12.62)% | 1.18% | 5.73% | 2.02% | 1.75% | |
Class R3 Shares | 9/29/09 | (12.32)% | 1.65% | 6.24% | 1.52% | 1.25% | |
Class I Shares | 12/15/06 | (11.81)% | 2.17% | 6.78% | 1.02% | 0.75% |
Total Returns as of June 30, 2020* | |||||||
Average Annual | Expense Ratios** | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class A Shares at NAV | 12/15/06 | (14.29)% | 1.07% | 7.82% | 1.73% | 1.31% | |
Class A Shares at maximum Offering Price | 12/15/06 | (19.22)% | (0.12)% | 7.18% | — | — | |
Russell 2500® Value Index | — | (15.50)% | 1.85% | 8.81% | — | — | |
Lipper Small-Cap Core Funds Classification Average | — | (12.24)% | 2.01% | 8.80% | — | — | |
Class C Shares | 12/15/06 | (14.95)% | 0.31% | 7.01% | 2.48% | 2.06% | |
Class R3 Shares | 9/29/09 | (14.52)% | 0.82% | 7.54% | 1.98% | 1.56% | |
Class I Shares | 12/15/06 | (14.07)% | 1.33% | 8.09% | 1.48% | 1.06% |
Total Returns as of June 30, 2020* | ||||||
Average Annual | Expense Ratios** | |||||
Inception Date | 1-Year | Since Inception | Gross | Net | ||
Class R6 Shares | 6/30/16 | (13.93)% | 2.69% | 1.32% | 0.90% |
Total Returns as of June 30, 2020* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | 10-Year | Expense Ratios | |
Class A Shares at NAV | 12/08/04 | (15.95)% | (0.01)% | 9.18% | 1.24% |
Class A Shares at maximum Offering Price | 12/08/04 | (20.78)% | (1.19)% | 8.54% | — |
Russell 2000® Value Index | — | (17.48)% | 1.26% | 7.82% | — |
Lipper Small-Cap Core Funds Classification Average | — | (12.24)% | 2.01% | 8.80% | — |
Class C Shares | 12/08/04 | (16.58)% | (0.76)% | 8.37% | 1.99% |
Class R3 Shares | 9/29/09 | (16.15)% | (0.26)% | 8.92% | 1.49% |
Class I Shares | 12/08/04 | (15.75)% | 0.24% | 9.46% | 0.99% |
Total Returns as of June 30, 2020* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | Since Inception | Expense Ratios | |
Class R6 Shares | 2/15/13 | (15.55)% | 0.41% | 5.39% | 0.86% |
Fund Allocation (% of net assets) | |
Common Stocks | 94.2% |
Convertible Preferred Securities | 4.8% |
Other Assets Less Liabilities | 1.0% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Deutsche Post AG | 3.5% |
Microsoft Corp | 3.4% |
GlaxoSmithKline PLC | 3.2% |
Comcast Corp | 2.8% |
Enterprise Products Partners LP | 2.7% |
Portfolio Composition (% of net assets) | |
Pharmaceuticals | 12.1% |
Banks | 10.0% |
Insurance | 6.6% |
Software | 5.9% |
Multi-Utilities | 5.5% |
Oil, Gas & Consumable Fuels | 4.3% |
Semiconductors & Semiconductor Equipment | 4.3% |
Health Care Providers & Services | 4.3% |
Air Freight & Logistics | 3.5% |
Diversified Telecommunication Services | 3.3% |
Aerospace & Defense | 3.2% |
Chemicals | 3.1% |
Media | 2.9% |
Capital Markets | 2.5% |
Entertainment | 2.4% |
Technology Hardware, Storage & Peripherals | 2.3% |
Trading Companies & Distributors | 2.3% |
Wireless Telecommunication Services | 2.2% |
Other | 18.3% |
Other Assets Less Liabilities | 1.0% |
Net Assets | 100% |
Country Allocation1 (% of net assets) | |
United States | 47.0% |
Germany | 15.8% |
Japan | 8.7% |
United Kingdom | 6.9% |
France | 5.4% |
South Korea | 4.5% |
Belgium | 2.1% |
Singapore | 1.6% |
Netherlands | 1.5% |
China | 1.4% |
Other | 4.1% |
Other Assets Less Liabilities | 1.0% |
Net Assets | 100% |
1 | Includes 5.9% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 98.4% |
Repurchase Agreements | 1.3% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Siemens AG | 3.4% |
Sanofi | 3.3% |
Nippon Telegraph & Telephone Corp, ADR | 3.1% |
Fresenius Medical Care AG & Co KGaA | 3.0% |
Deutsche Post AG | 2.9% |
Portfolio Composition (% of net assets) | |
Pharmaceuticals | 11.0% |
Insurance | 8.3% |
Banks | 8.0% |
Semiconductors & Semiconductor Equipment | 4.5% |
Food & Staples Retailing | 4.2% |
Technology Hardware, Storage & Peripherals | 3.9% |
Industrial Conglomerates | 3.4% |
Professional Services | 3.4% |
Automobiles | 3.3% |
Diversified Telecommunication Services | 3.1% |
Health Care Providers & Services | 3.1% |
Air Freight & Logistics | 2.9% |
Chemicals | 2.8% |
Wireless Telecommunication Services | 2.5% |
Oil, Gas & Consumable Fuels | 2.1% |
Capital Markets | 2.1% |
Electrical Equipment | 2.0% |
Media | 2.0% |
Specialty Retail | 1.9% |
Real Estate Management & Development | 1.9% |
Multi-Utilities | 1.8% |
Commercial Services & Supplies | 1.7% |
Other | 18.5% |
Repurchase Agreements | 1.3% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Country Allocation1 (% of net assets) | |
Japan | 25.5% |
Germany | 16.3% |
United Kingdom | 10.0% |
Netherlands | 7.2% |
South Korea | 6.9% |
France | 6.3% |
Switzerland | 6.2% |
United States | 5.0% |
Belgium | 3.5% |
Singapore | 2.9% |
Other | 9.9% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
1 | Includes 10.9% (as a percentage of net assets) in emerging market countries. |
Fund Allocation (% of net assets) | |
Common Stocks | 99.9% |
Common Stock Rights | 0.0% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 11.3% |
Insurance | 8.3% |
Software | 8.1% |
Chemicals | 4.4% |
Specialty Retail | 3.9% |
IT Services | 3.8% |
Oil, Gas & Consumable Fuels | 3.6% |
Pharmaceuticals | 3.6% |
Capital Markets | 3.6% |
Semiconductors & Semiconductor Equipment | 3.5% |
Electric Utilities | 3.5% |
Food & Staples Retailing | 3.3% |
Media | 3.1% |
Equity Real Estate Investment Trust | 3.1% |
Construction & Engineering | 2.9% |
Entertainment | 2.7% |
Life Sciences Tools & Services | 2.7% |
Machinery | 2.4% |
Automobiles | 2.3% |
Other | 19.8% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Oracle Corp | 3.6% |
Citigroup Inc | 3.5% |
FirstEnergy Corp | 3.5% |
JPMorgan Chase & Co | 3.1% |
Quanta Services Inc | 2.9% |
Fund Allocation (% of net assets) | |
Common Stocks | 98.2% |
Common Stock Rights | 0.0% |
Repurchase Agreements | 1.8% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 10.9% |
Insurance | 7.4% |
Pharmaceuticals | 6.4% |
Software | 5.7% |
Health Care Providers & Services | 4.9% |
Electric Utilities | 4.6% |
Oil, Gas & Consumable Fuels | 4.0% |
Aerospace & Defense | 4.0% |
Food & Staples Retailing | 3.6% |
IT Services | 3.2% |
Media | 3.1% |
Semiconductors & Semiconductor Equipment | 3.1% |
Entertainment | 3.0% |
Chemicals | 3.0% |
Interactive Media & Services | 2.8% |
Beverages | 2.7% |
Automobiles | 2.2% |
Multi-Utilities | 2.2% |
Specialty Retail | 2.1% |
Other | 19.3% |
Repurchase Agreements | 1.8% |
Other Assets Less Liabilities | 0.0% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Oracle Corp | 3.7% |
FirstEnergy Corp | 3.6% |
Citigroup Inc | 3.5% |
JPMorgan Chase & Co | 3.5% |
Activision Blizzard Inc | 3.0% |
Fund Allocation (% of net assets) | |
Common Stocks | 94.0% |
Repurchase Agreements | 7.9% |
Other Assets Less Liabilities | (1.9)% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 11.2% |
Insurance | 9.1% |
Equity Real Estate Investment Trust | 8.4% |
Electrical Equipment | 5.7% |
Construction & Engineering | 5.1% |
Semiconductors & Semiconductor Equipment | 4.8% |
Machinery | 4.4% |
Specialty Retail | 4.1% |
Metals & Mining | 3.9% |
Road & Rail | 3.2% |
Auto Components | 3.0% |
Life Sciences Tools & Services | 3.0% |
Electronic Equipment, Instruments & Components | 2.8% |
Biotechnology | 2.5% |
IT Services | 2.4% |
Chemicals | 2.4% |
Other | 18.0% |
Repurchase Agreements | 7.9% |
Other Assets Less Liabilities | (1.9)% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Knight-Swift Transportation Holdings Inc | 3.2% |
Western Alliance Bancorp | 3.1% |
BorgWarner Inc | 3.0% |
Bio-Rad Laboratories Inc | 3.0% |
Axis Capital Holdings Ltd | 2.8% |
Fund Allocation (% of net assets) | |
Common Stocks | 97.8% |
Repurchase Agreements | 1.9% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Banks | 13.6% |
Equity Real Estate Investment Trust | 9.5% |
Machinery | 7.0% |
Electronic Equipment, Instruments & Components | 6.5% |
Semiconductors & Semiconductor Equipment | 5.5% |
Electrical Equipment | 5.5% |
Insurance | 5.1% |
Food Products | 4.3% |
Road & Rail | 3.6% |
Thrifts & Mortgage Finance | 3.1% |
Construction & Engineering | 3.0% |
Trading Companies & Distributors | 2.9% |
Biotechnology | 2.8% |
Specialty Retail | 2.7% |
Household Durables | 2.5% |
Software | 2.4% |
Other | 17.8% |
Repurchase Agreements | 1.9% |
Other Assets Less Liabilities | 0.3% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Knight-Swift Transportation Holdings Inc | 3.6% |
Rambus Inc | 3.5% |
Western Alliance Bancorp | 3.1% |
Quanta Services Inc | 3.0% |
EnerSys | 3.0% |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $ 840.33 | $ 837.51 | $ 839.52 | $ 841.85 |
Expenses Incurred During the Period | $ 5.08 | $ 8.50 | $ 6.22 | $ 3.94 |
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 | $1,019.34 | $1,015.61 | $1,018.10 | $1,020.59 |
Expenses Incurred During the Period | $ 5.57 | $ 9.32 | $ 6.82 | $ 4.32 |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $ 832.37 | $ 829.30 | $ 830.95 | $ 833.40 |
Expenses Incurred During the Period | $ 5.24 | $ 8.64 | $ 6.37 | $ 4.10 |
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 | $1,019.14 | $1,015.42 | $1,017.90 | $1,020.39 |
Expenses Incurred During the Period | $ 5.77 | $ 9.52 | $ 7.02 | $ 4.52 |
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 | $ 795.37 | $ 792.24 | $ 796.33 |
Expenses Incurred During the Period | $ 5.13 | $ 8.42 | $ 4.02 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.14 | $1,015.47 | $1,020.39 |
Expenses Incurred During the Period | $ 5.77 | $ 9.47 | $ 4.52 |
Share Class | ||||
Class A | Class C | Class R3 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $ 821.58 | $ 817.96 | $ 818.95 | $ 822.31 |
Expenses Incurred During the Period | $ 4.53 | $ 7.91 | $ 5.65 | $ 3.40 |
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 | $1,019.89 | $1,016.16 | $1,018.65 | $1,021.13 |
Expenses Incurred During the Period | $ 5.02 | $ 8.77 | $ 6.27 | $ 3.77 |
Share Class | |||||
Class A | Class C | Class R3 | Class R6 | Class I | |
Actual Performance | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $ 794.69 | $ 791.30 | $ 793.69 | $ 796.30 | $ 795.81 |
Expenses Incurred During the Period | $ 5.80 | $ 9.17 | $ 6.96 | $ 3.80 | $ 4.73 |
Hypothetical Performance (5% annualized return before expenses) | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,018.40 | $1,014.62 | $1,017.11 | $1,020.64 | $1,019.59 |
Expenses Incurred During the Period | $ 6.52 | $ 10.32 | $ 7.82 | $ 4.27 | $ 5.32 |
Share Class | |||||
Class A | Class C | Class R3 | Class R6 | Class I | |
Actual Performance | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $ 776.69 | $ 773.68 | $ 775.75 | $ 778.77 | $ 777.61 |
Expenses Incurred During the Period | $ 6.23 | $ 9.44 | $ 7.28 | $ 3.98 | $ 5.08 |
Hypothetical Performance (5% annualized return before expenses) | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,017.85 | $1,014.22 | $1,016.66 | $1,020.39 | $1,019.14 |
Expenses Incurred During the Period | $ 7.07 | $ 10.72 | $ 8.27 | $ 4.52 | $ 5.77 |
Shares | Description (1) | Value | ||||||
LONG-TERM INVESTMENTS – 99.0% | ||||||||
COMMON STOCKS – 94.2% | ||||||||
Aerospace & Defense – 3.2% | ||||||||
20,845 | General Dynamics Corp | $3,115,494 | ||||||
17,395 | Thales SA, (2) | 1,407,871 | ||||||
Total Aerospace & Defense | 4,523,365 | |||||||
Air Freight & Logistics – 3.5% | ||||||||
133,720 | Deutsche Post AG, (2) | 4,910,178 | ||||||
Banks – 10.0% | ||||||||
124,960 | Bank of America Corp | 2,967,800 | ||||||
73,460 | Citigroup Inc | 3,753,806 | ||||||
304,943 | ING Groep NV, (2) | 2,125,727 | ||||||
31,440 | JPMorgan Chase & Co | 2,957,247 | ||||||
336,000 | Oversea-Chinese Banking Corp Ltd, (2) | 2,189,976 | ||||||
Total Banks | 13,994,556 | |||||||
Capital Markets – 2.5% | ||||||||
19,025 | Deutsche Boerse AG, (2) | 3,443,082 | ||||||
Chemicals – 3.1% | ||||||||
45,180 | DuPont de Nemours Inc | 2,400,413 | ||||||
59,440 | Nutrien Ltd | 1,909,821 | ||||||
Total Chemicals | 4,310,234 | |||||||
Communications Equipment – 2.0% | ||||||||
60,780 | Cisco Systems Inc | 2,834,779 | ||||||
Diversified Telecommunication Services – 3.3% | ||||||||
115,620 | Nippon Telegraph & Telephone Corp, (2) | 2,693,881 | ||||||
210,426 | Telefonica Brasil SA | 1,858,509 | ||||||
Total Diversified Telecommunication Services | 4,552,390 | |||||||
Electric Utilities – 1.5% | ||||||||
55,426 | FirstEnergy Corp | 2,149,420 | ||||||
Electrical Equipment – 1.7% | ||||||||
26,530 | Eaton Corp PLC | 2,320,844 | ||||||
Entertainment – 2.4% | ||||||||
7,620 | Nintendo Co Ltd, (2) | 3,406,663 | ||||||
Food & Staples Retailing – 2.1% | ||||||||
89,730 | Seven & i Holdings Co Ltd, (2) | 2,935,384 |
Shares | Description (1) | Value | ||||||
Food Products – 1.4% | ||||||||
1,260,000 | Tingyi Cayman Islands Holding Corp, (2) | $ 1,962,783 | ||||||
Health Care Providers & Services – 4.3% | ||||||||
12,666 | Anthem Inc | 3,330,905 | ||||||
30,485 | Fresenius Medical Care AG & Co KGaA, (2) | 2,622,619 | ||||||
Total Health Care Providers & Services | 5,953,524 | |||||||
Household Products – 1.5% | ||||||||
22,020 | Henkel AG & Co KGaA, (2) | 2,054,327 | ||||||
Industrial Conglomerates – 1.9% | ||||||||
22,840 | Siemens AG, (2) | 2,693,683 | ||||||
Insurance – 6.6% | ||||||||
81,107 | Ageas SA/NV, (2) | 2,874,409 | ||||||
12,810 | Allianz SE, (2) | 2,617,624 | ||||||
9,820 | Everest Re Group Ltd | 2,024,884 | ||||||
108,285 | Old Republic International Corp | 1,766,128 | ||||||
Total Insurance | 9,283,045 | |||||||
IT Services – 1.5% | ||||||||
34,470 | Amdocs Ltd | 2,098,534 | ||||||
Media – 2.9% | ||||||||
102,059 | Comcast Corp | 3,978,260 | ||||||
Multi-Utilities – 4.4% | ||||||||
248,678 | National Grid PLC, (2) | 3,033,970 | ||||||
138,269 | Veolia Environnement SA, (2) | 3,122,273 | ||||||
Total Multi-Utilities | 6,156,243 | |||||||
Oil, Gas & Consumable Fuels – 4.3% | ||||||||
25,490 | Chevron Corp | 2,274,473 | ||||||
206,620 | Enterprise Products Partners LP | 3,754,285 | ||||||
Total Oil, Gas & Consumable Fuels | 6,028,758 | |||||||
Pharmaceuticals – 12.1% | ||||||||
41,320 | AstraZeneca PLC, Sponsored ADR | 2,185,415 | ||||||
31,530 | Bayer AG, (2) | 2,337,113 | ||||||
52,410 | Bristol-Myers Squibb Co | 3,081,708 | ||||||
222,850 | GlaxoSmithKline PLC, (2) | 4,501,500 | ||||||
5,465 | Roche Holding AG, (2) | 1,893,347 | ||||||
29,050 | Sanofi, (2) | 2,962,651 | ||||||
Total Pharmaceuticals | 16,961,734 | |||||||
Semiconductors & Semiconductor Equipment – 2.6% | ||||||||
6,679 | Broadcom Inc | 2,107,959 |
Shares | Description (1) | Value | ||||||
Semiconductors & Semiconductor Equipment (continued) | ||||||||
62,524 | Infineon Technologies AG, (2) | $ 1,465,074 | ||||||
Total Semiconductors & Semiconductor Equipment | 3,573,033 | |||||||
Software – 5.9% | ||||||||
23,590 | Microsoft Corp | 4,800,801 | ||||||
62,780 | Oracle Corp | 3,469,850 | ||||||
Total Software | 8,270,651 | |||||||
Specialty Retail – 1.5% | ||||||||
15,830 | Lowe's Cos Inc | 2,138,950 | ||||||
Technology Hardware, Storage & Peripherals – 2.3% | ||||||||
83,580 | Samsung Electronics Co Ltd, (2) | 3,255,798 | ||||||
Tobacco – 1.2% | ||||||||
24,175 | Philip Morris International Inc | 1,693,700 | ||||||
Trading Companies & Distributors – 2.3% | ||||||||
215,500 | Mitsui & Co Ltd, (2) | 3,192,981 | ||||||
Wireless Telecommunication Services – 2.2% | ||||||||
157,180 | SK Telecom Co Ltd, Sponsored ADR | 3,036,718 | ||||||
Total Common Stocks (cost $119,497,010) | 131,713,617 |
Shares | Description (1) | Coupon | Ratings (3) | Value | ||||
CONVERTIBLE PREFERRED SECURITIES – 4.8% | ||||||||
Health Care Technology – 1.0% | ||||||||
31,750 | Change Healthcare Inc | 6.000% | N/R | $ 1,394,778 | ||||
Life Sciences Tools & Services – 1.0% | ||||||||
23,100 | Avantor Inc | 6.250% | N/R | 1,325,940 | ||||
Multi-Utilities – 1.1% | ||||||||
44,120 | CenterPoint Energy Inc | 7.000% | N/R | 1,568,907 | ||||
Semiconductors & Semiconductor Equipment – 1.7% | ||||||||
2,150 | Broadcom Inc | 8.000% | N/R | 2,395,852 | ||||
Total Convertible Preferred Securities (cost $8,004,564) | 6,685,477 | |||||||
Total Long-Term Investments (cost $127,501,574) | 138,399,094 | |||||||
Other Assets Less Liabilities – 1.0% | 1,401,340 | |||||||
Net Assets – 100% | $ 139,800,434 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.4% | ||||||
COMMON STOCKS – 98.4% | ||||||
Aerospace & Defense – 1.0% | ||||||
13,410 | Thales SA, (2) | $ 1,085,343 | ||||
Air Freight & Logistics – 2.9% | ||||||
87,261 | Deutsche Post AG, (2) | 3,204,211 | ||||
Airlines – 0.9% | ||||||
57,900 | Japan Airlines Co Ltd, (2) | 1,044,836 | ||||
Automobiles – 3.3% | ||||||
23,743 | Hyundai Motor Co, (2) | 1,099,188 | ||||
20,625 | Toyota Motor Corp, ADR | 2,591,119 | ||||
Total Automobiles | 3,690,307 | |||||
Banks – 8.0% | ||||||
399,681 | ING Groep NV, (2) | 2,786,136 | ||||
1,343,062 | NatWest Group PLC, (2) | 2,016,265 | ||||
182,985 | Oversea-Chinese Banking Corp Ltd, (2) | 1,192,657 | ||||
65,400 | Sumitomo Mitsui Trust Holdings Inc, (2) | 1,842,996 | ||||
2,095,059 | Unicaja Banco SA,144A, (2) | 1,071,129 | ||||
Total Banks | 8,909,183 | |||||
Capital Markets – 2.1% | ||||||
198,899 | UBS Group AG | 2,295,295 | ||||
Chemicals – 2.8% | ||||||
18,140 | Kumho Petrochemical Co Ltd, (2) | 1,134,460 | ||||
60,790 | Nutrien Ltd | 1,953,196 | ||||
Total Chemicals | 3,087,656 | |||||
Commercial Services & Supplies – 1.7% | ||||||
82,900 | Dai Nippon Printing Co Ltd, (2) | 1,905,901 | ||||
Diversified Financial Services – 1.5% | ||||||
19,733 | Groupe Bruxelles Lambert SA, (2) | 1,652,837 | ||||
Diversified Telecommunication Services – 3.1% | ||||||
146,710 | Nippon Telegraph & Telephone Corp, ADR, (2) | 3,409,540 | ||||
Electrical Equipment – 2.0% | ||||||
69,831 | Mabuchi Motor Co Ltd, (2) | 2,228,419 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 1.6% | ||||||
175,993 | Flex Ltd, (3) | $ 1,803,928 | ||||
Energy Equipment & Services – 0.8% | ||||||
143,893 | Tenaris SA, (2) | 935,105 | ||||
Food & Staples Retailing – 4.2% | ||||||
65,400 | Seven & i Holdings Co Ltd, (2) | 2,139,464 | ||||
884,466 | Tesco PLC, (2) | 2,487,705 | ||||
Total Food & Staples Retailing | 4,627,169 | |||||
Health Care Providers & Services – 3.1% | ||||||
39,293 | Fresenius Medical Care AG & Co KGaA, (2) | 3,380,370 | ||||
Household Durables – 1.3% | ||||||
72,700 | Sekisui House Ltd, (2) | 1,388,000 | ||||
Household Products – 1.0% | ||||||
12,106 | Henkel AG & Co KGaA, (2) | 1,129,413 | ||||
Industrial Conglomerates – 3.4% | ||||||
32,300 | Siemens AG, (2) | 3,809,368 | ||||
Insurance – 8.3% | ||||||
64,500 | Ageas SA/NV, (2) | 2,285,862 | ||||
9,791 | Allianz SE, (2) | 2,000,715 | ||||
55,145 | Axis Capital Holdings Ltd | 2,236,681 | ||||
98,200 | MS&AD Insurance Group Holdings Inc, (2) | 2,704,299 | ||||
Total Insurance | 9,227,557 | |||||
Interactive Media & Services – 1.6% | ||||||
15,005 | Baidu Inc, ADR, (3) | 1,798,949 | ||||
Machinery – 1.5% | ||||||
80,200 | Komatsu Ltd, (2) | 1,642,538 | ||||
Media – 2.0% | ||||||
68,335 | Publicis Groupe SA, (2) | 2,219,863 | ||||
Metals & Mining – 1.7% | ||||||
91,329 | BHP Group PLC, (2) | 1,868,871 | ||||
Multi-Utilities – 1.8% | ||||||
164,195 | National Grid PLC, (2) | 2,003,244 | ||||
Oil, Gas & Consumable Fuels – 2.1% | ||||||
76,925 | Royal Dutch Shell PLC, ADR | 2,342,366 | ||||
Pharmaceuticals – 11.0% | ||||||
37,143 | Bayer AG, (2) | 2,753,168 |
Shares | Description (1) | Value | ||||
Pharmaceuticals (continued) | ||||||
120,103 | GlaxoSmithKline PLC, (2) | $2,426,043 | ||||
4,624 | Roche Holding AG, (2) | 1,601,983 | ||||
35,991 | Sanofi, (2) | 3,670,526 | ||||
49,700 | Takeda Pharmaceutical Co Ltd, (2) | 1,785,619 | ||||
Total Pharmaceuticals | 12,237,339 | |||||
Professional Services – 3.4% | ||||||
37,620 | Adecco Group AG, (2) | 1,773,240 | ||||
25,372 | Wolters Kluwer NV | 1,981,698 | ||||
Total Professional Services | 3,754,938 | |||||
Real Estate Management & Development – 1.9% | ||||||
337,139 | City Developments Ltd, (2) | 2,060,281 | ||||
Road & Rail – 1.4% | ||||||
23,100 | East Japan Railway Co, (2) | 1,600,720 | ||||
Semiconductors & Semiconductor Equipment – 4.5% | ||||||
135,000 | MediaTek Inc, (2) | 2,669,033 | ||||
35,500 | Rohm Co Ltd, (2) | 2,360,444 | ||||
Total Semiconductors & Semiconductor Equipment | 5,029,477 | |||||
Software – 1.6% | ||||||
12,766 | SAP SE, (2) | 1,784,551 | ||||
Specialty Retail – 1.9% | ||||||
778,293 | Kingfisher PLC, (2) | 2,141,229 | ||||
Technology Hardware, Storage & Peripherals – 3.9% | ||||||
38,200 | FUJIFILM Holdings Corp, (2) | 1,635,024 | ||||
68,411 | Samsung Electronics Co Ltd, (2) | 2,664,901 | ||||
Total Technology Hardware, Storage & Peripherals | 4,299,925 | |||||
Textiles, Apparel & Luxury Goods – 1.1% | ||||||
18,512 | Cie Financiere Richemont SA, (2) | 1,194,030 | ||||
Tobacco – 1.5% | ||||||
115,430 | Scandinavian Tobacco Group A/S,144A, (2) | 1,704,515 | ||||
Wireless Telecommunication Services – 2.5% | ||||||
140,898 | SK Telecom Co Ltd, Sponsored ADR | 2,722,149 | ||||
Total Long-Term Investments (cost $93,187,939) | 109,219,423 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.3% | ||||||
REPURCHASE AGREEMENTS – 1.3% | ||||||
$ 1,502 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/2020, repurchase price $1,501,911, collateralized by $1,307,400 U.S. Treasury Bonds, 0.625%, due 1/26/26, value $1,532,014 | 0.000% | 7/01/20 | $ 1,501,911 | ||
Total Short-Term Investments (cost $1,501,911) | 1,501,911 | |||||
Total Investments (cost $94,689,850) – 99.7% | 110,721,334 | |||||
Other Assets Less Liabilities – 0.3% | 309,849 | |||||
Net Assets – 100% | $ 111,031,183 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(3) | Non-income producing; issuer has not declared a dividend within the past twelve months. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.9% | ||||||
COMMON STOCKS – 99.9% | ||||||
Automobiles – 2.3% | ||||||
51,035 | General Motors Co | $ 1,291,186 | ||||
Banks – 11.3% | ||||||
47,405 | Bank of America Corp | 1,125,869 | ||||
33,550 | Bank of NT Butterfield & Son Ltd | 818,284 | ||||
38,300 | Citigroup Inc | 1,957,130 | ||||
18,000 | JPMorgan Chase & Co | 1,693,080 | ||||
16,360 | Western Alliance Bancorp | 619,553 | ||||
Total Banks | 6,213,916 | |||||
Biotechnology – 1.5% | ||||||
7,819 | Incyte Corp, (2) | 812,941 | ||||
Building Products – 1.6% | ||||||
10,085 | Trane Technologies PLC | 897,363 | ||||
Capital Markets – 3.6% | ||||||
40,943 | B Riley Financial Inc | 890,920 | ||||
16,872 | State Street Corp | 1,072,215 | ||||
Total Capital Markets | 1,963,135 | |||||
Chemicals – 4.4% | ||||||
29,607 | DuPont de Nemours Inc | 1,573,020 | ||||
11,305 | Innospec Inc | 873,311 | ||||
Total Chemicals | 2,446,331 | |||||
Communications Equipment – 1.4% | ||||||
19,425 | ViaSat Inc, (2) | 745,337 | ||||
Construction & Engineering – 2.9% | ||||||
40,170 | Quanta Services Inc | 1,575,869 | ||||
Consumer Finance – 1.7% | ||||||
18,465 | Discover Financial Services | 924,912 | ||||
Electric Utilities – 3.5% | ||||||
50,311 | FirstEnergy Corp | 1,951,061 | ||||
Electrical Equipment – 2.0% | ||||||
59,715 | nVent Electric PLC | 1,118,462 |
Shares | Description (1) | Value | ||||
Entertainment – 2.7% | ||||||
19,480 | Activision Blizzard Inc | $ 1,478,532 | ||||
Equity Real Estate Investment Trust – 3.1% | ||||||
26,585 | Healthcare Realty Trust Inc | 778,674 | ||||
31,290 | STAG Industrial Inc | 917,423 | ||||
Total Equity Real Estate Investment Trust | 1,696,097 | |||||
Food & Staples Retailing – 3.3% | ||||||
13,389 | Walgreens Boots Alliance Inc | 567,559 | ||||
10,583 | Walmart Inc | 1,267,632 | ||||
Total Food & Staples Retailing | 1,835,191 | |||||
Health Care Equipment & Supplies – 1.0% | ||||||
11,535 | LivaNova PLC, (2) | 555,180 | ||||
Health Care Providers & Services – 2.3% | ||||||
4,756 | Anthem Inc | 1,250,733 | ||||
Health Care Technology – 1.6% | ||||||
77,957 | Change Healthcare Inc, (2) | 873,118 | ||||
Insurance – 8.3% | ||||||
5,230 | Aon PLC | 1,007,298 | ||||
12,017 | Globe Life Inc | 892,022 | ||||
19,800 | Loews Corp | 678,942 | ||||
56,968 | Old Republic International Corp | 929,148 | ||||
6,262 | RenaissanceRe Holdings Ltd | 1,070,990 | ||||
Total Insurance | 4,578,400 | |||||
Interactive Media & Services – 1.6% | ||||||
46,572 | TripAdvisor Inc, (2) | 885,334 | ||||
IT Services – 3.8% | ||||||
19,911 | Amdocs Ltd | 1,212,182 | ||||
9,300 | Fiserv Inc, (2) | 907,866 | ||||
Total IT Services | 2,120,048 | |||||
Life Sciences Tools & Services – 2.7% | ||||||
3,255 | Bio-Rad Laboratories Inc, (2) | 1,469,600 | ||||
Machinery – 2.4% | ||||||
26,600 | Terex Corp, (2) | 499,282 | ||||
38,141 | Trinity Industries Inc | 812,022 | ||||
Total Machinery | 1,311,304 | |||||
Media – 3.1% | ||||||
33,851 | Comcast Corp | 1,319,512 |
Shares | Description (1) | Value | ||||
Media (continued) | ||||||
16,797 | ViacomCBS Inc | $ 391,706 | ||||
Total Media | 1,711,218 | |||||
Multi-Utilities – 2.2% | ||||||
64,543 | CenterPoint Energy Inc | 1,205,018 | ||||
Oil, Gas & Consumable Fuels – 3.6% | ||||||
13,646 | Cheniere Energy Inc, (2) | 659,375 | ||||
9,750 | Chevron Corp | 869,992 | ||||
9,318 | Hess Corp | 482,766 | ||||
Total Oil, Gas & Consumable Fuels | 2,012,133 | |||||
Pharmaceuticals – 3.6% | ||||||
14,080 | Bristol-Myers Squibb Co | 827,904 | ||||
28,100 | GlaxoSmithKline PLC, Sponsored ADR | 1,146,199 | ||||
Total Pharmaceuticals | 1,974,103 | |||||
Semiconductors & Semiconductor Equipment – 3.5% | ||||||
91,235 | Rambus Inc, (2) | 1,386,772 | ||||
6,691 | Teradyne Inc | 565,456 | ||||
Total Semiconductors & Semiconductor Equipment | 1,952,228 | |||||
Software – 8.1% | ||||||
59,680 | NortonLifeLock Inc | 1,183,454 | ||||
35,876 | Oracle Corp | 1,982,867 | ||||
63,016 | Teradata Corp, (2) | 1,310,733 | ||||
Total Software | 4,477,054 | |||||
Specialty Retail – 3.9% | ||||||
7,825 | Advance Auto Parts Inc | 1,114,671 | ||||
97,266 | American Eagle Outfitters Inc | 1,060,200 | ||||
Total Specialty Retail | 2,174,871 | |||||
Technology Hardware, Storage & Peripherals – 1.6% | ||||||
18,725 | Seagate Technology PLC | 906,477 | ||||
Wireless Telecommunication Services – 1.3% | ||||||
6,613 | T-Mobile US Inc, (2) | 688,744 | ||||
Total Common Stocks (cost $58,408,132) | 55,095,896 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
6,613 | T-Mobile US Inc | $ 1,111 | ||||
Total Common Stock Rights (cost $2,447) | 1,111 | |||||
Total Long-Term Investments (cost $58,410,579) | 55,097,007 | |||||
Other Assets Less Liabilities – 0.1% | 70,852 | |||||
Net Assets – 100% | $ 55,167,859 |
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 a dividend within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 98.2% | ||||||
COMMON STOCKS – 98.2% | ||||||
Aerospace & Defense – 4.0% | ||||||
2,863 | General Dynamics Corp | $427,904 | ||||
5,430 | Raytheon Technologies Corp | 334,597 | ||||
Total Aerospace & Defense | 762,501 | |||||
Automobiles – 2.2% | ||||||
17,002 | General Motors Co | 430,151 | ||||
Banks – 10.9% | ||||||
18,810 | Bank of America Corp | 446,737 | ||||
13,313 | Citigroup Inc | 680,294 | ||||
29,054 | First Horizon National Corp | 289,378 | ||||
7,164 | JPMorgan Chase & Co | 673,846 | ||||
Total Banks | 2,090,255 | |||||
Beverages – 2.7% | ||||||
11,763 | Coca-Cola Co | 525,571 | ||||
Biotechnology – 1.5% | ||||||
2,742 | Incyte Corp, (2) | 285,086 | ||||
Building Products – 1.7% | ||||||
3,581 | Trane Technologies PLC | 318,637 | ||||
Capital Markets – 1.9% | ||||||
5,886 | State Street Corp | 374,055 | ||||
Chemicals – 3.0% | ||||||
10,719 | DuPont de Nemours Inc | 569,500 | ||||
Communications Equipment – 1.2% | ||||||
5,960 | ViaSat Inc, (2) | 228,685 | ||||
Consumer Finance – 1.6% | ||||||
6,035 | Discover Financial Services | 302,293 | ||||
Electric Utilities – 4.6% | ||||||
2,120 | Entergy Corp | 198,877 | ||||
17,642 | FirstEnergy Corp | 684,157 | ||||
Total Electric Utilities | 883,034 | |||||
Electrical Equipment – 1.1% | ||||||
2,528 | Eaton Corp PLC | 221,149 |
Shares | Description (1) | Value | ||||
Entertainment – 3.0% | ||||||
7,625 | Activision Blizzard Inc | $ 578,737 | ||||
Equity Real Estate Investment Trust – 1.7% | ||||||
2,066 | Alexandria Real Estate Equities Inc | 335,209 | ||||
Food & Staples Retailing – 3.6% | ||||||
5,266 | Walgreens Boots Alliance Inc | 223,226 | ||||
3,935 | Walmart Inc | 471,334 | ||||
Total Food & Staples Retailing | 694,560 | |||||
Food Products – 1.6% | ||||||
7,855 | Archer-Daniels-Midland Co | 313,415 | ||||
Health Care Providers & Services – 4.9% | ||||||
1,802 | Anthem Inc | 473,890 | ||||
4,052 | Quest Diagnostics Inc | 461,766 | ||||
Total Health Care Providers & Services | 935,656 | |||||
Insurance – 7.4% | ||||||
14,988 | American International Group Inc | 467,326 | ||||
2,011 | Aon PLC | 387,318 | ||||
4,318 | Globe Life Inc | 320,525 | ||||
7,382 | Loews Corp | 253,129 | ||||
Total Insurance | 1,428,298 | |||||
Interactive Media & Services – 2.8% | ||||||
380 | Alphabet Inc, (2) | 538,859 | ||||
IT Services – 3.2% | ||||||
5,049 | Amdocs Ltd | 307,383 | ||||
3,189 | Fiserv Inc, (2) | 311,310 | ||||
Total IT Services | 618,693 | |||||
Life Sciences Tools & Services – 1.8% | ||||||
750 | Bio-Rad Laboratories Inc, (2) | 338,618 | ||||
Machinery – 1.5% | ||||||
13,372 | Trinity Industries Inc | 284,690 | ||||
Media – 3.1% | ||||||
11,796 | Comcast Corp | 459,808 | ||||
6,236 | ViacomCBS Inc | 145,424 | ||||
Total Media | 605,232 | |||||
Metals & Mining – 0.9% | ||||||
4,125 | BHP Group PLC, ADR | 169,744 | ||||
Multi-Utilities – 2.2% | ||||||
22,647 | CenterPoint Energy Inc | 422,819 |
Shares | Description (1) | Value | ||||
Oil, Gas & Consumable Fuels – 4.0% | ||||||
4,667 | Cheniere Energy Inc, (2) | $225,510 | ||||
3,639 | Chevron Corp | 324,708 | ||||
4,110 | Hess Corp | 212,939 | ||||
Total Oil, Gas & Consumable Fuels | 763,157 | |||||
Pharmaceuticals – 6.4% | ||||||
8,015 | Bristol-Myers Squibb Co | 471,282 | ||||
10,868 | GlaxoSmithKline PLC, Sponsored ADR | 443,306 | ||||
17,700 | Takeda Pharmaceutical Co Ltd, Sponsored ADR | 317,361 | ||||
Total Pharmaceuticals | 1,231,949 | |||||
Semiconductors & Semiconductor Equipment – 3.1% | ||||||
1,270 | Broadcom Inc | 400,825 | ||||
2,356 | Teradyne Inc | 199,105 | ||||
Total Semiconductors & Semiconductor Equipment | 599,930 | |||||
Software – 5.7% | ||||||
19,900 | NortonLifeLock Inc | 394,617 | ||||
12,893 | Oracle Corp | 712,596 | ||||
Total Software | 1,107,213 | |||||
Specialty Retail – 2.1% | ||||||
2,860 | Advance Auto Parts Inc | 407,407 | ||||
Technology Hardware, Storage & Peripherals – 1.6% | ||||||
6,395 | Seagate Technology PLC | 309,582 | ||||
Wireless Telecommunication Services – 1.2% | ||||||
2,137 | T-Mobile US Inc, (2) | 222,569 | ||||
Total Common Stocks (cost $15,685,057) | 18,897,254 |
Shares | Description (1) | Value | ||||
COMMON STOCK RIGHTS – 0.0% | ||||||
2,137 | T-Mobile US Inc | $ 359 | ||||
Total Common Stock Rights (cost $791) | 359 | |||||
Total Long-Term Investments (cost $15,685,848) | 18,897,613 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.8% | ||||||
REPURCHASE AGREEMENTS – 1.8% | ||||||
$ 349 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/20, repurchase price of $349,252, collateralized by $304,100 U.S. Treasury Bonds, 0.625%, due 1/15/26, value $356,345 | 0.000% | 7/01/20 | $ 349,252 | ||
Total Short-Term Investments (cost $349,252) | 349,252 | |||||
Total Investments (cost $16,035,100) – 100.0% | 19,246,865 | |||||
Other Assets Less Liabilities – 0.0% | 9,608 | |||||
Net Assets – 100% | $ 19,256,473 |
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 a dividend within the past twelve months. | |
ADR | American Depositary Receipt |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 94.0% | ||||||
COMMON STOCKS – 94.0% | ||||||
Auto Components – 3.0% | ||||||
17,545 | BorgWarner Inc | $ 619,338 | ||||
Banks – 11.2% | ||||||
21,337 | Ameris Bancorp | 503,340 | ||||
20,102 | Bank of NT Butterfield & Son Ltd | 490,288 | ||||
43,306 | First Horizon National Corp | 431,327 | ||||
14,104 | PacWest Bancorp | 277,990 | ||||
16,846 | Western Alliance Bancorp | 637,958 | ||||
Total Banks | 2,340,903 | |||||
Biotechnology – 2.5% | ||||||
14,050 | Coherus Biosciences Inc, (2) | 250,933 | ||||
2,288 | United Therapeutics Corp, (2) | 276,848 | ||||
Total Biotechnology | 527,781 | |||||
Chemicals – 2.4% | ||||||
16,599 | Huntsman Corp | 298,284 | ||||
2,619 | Innospec Inc | 202,318 | ||||
Total Chemicals | 500,602 | |||||
Communications Equipment – 1.0% | ||||||
5,255 | ViaSat Inc, (2) | 201,634 | ||||
Construction & Engineering – 5.1% | ||||||
5,697 | Jacobs Engineering Group Inc | 483,106 | ||||
14,722 | Quanta Services Inc | 577,544 | ||||
Total Construction & Engineering | 1,060,650 | |||||
Containers & Packaging – 1.4% | ||||||
2,578 | Avery Dennison Corp | 294,124 | ||||
Electric Utilities – 2.2% | ||||||
1,786 | IDACORP Inc | 156,043 | ||||
4,020 | Pinnacle West Capital Corp | 294,626 | ||||
Total Electric Utilities | 450,669 | |||||
Electrical Equipment – 5.7% | ||||||
8,772 | EnerSys | 564,741 | ||||
1,610 | Hubbell Inc | 201,830 | ||||
22,898 | nVent Electric PLC | 428,879 | ||||
Total Electrical Equipment | 1,195,450 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 2.8% | ||||||
2,191 | Coherent Inc, (2) | $286,977 | ||||
4,613 | Fabrinet, (2) | 287,944 | ||||
Total Electronic Equipment, Instruments & Components | 574,921 | |||||
Equity Real Estate Investment Trust – 8.4% | ||||||
34,818 | Brandywine Realty Trust | 379,168 | ||||
6,587 | Easterly Government Properties Inc | 152,291 | ||||
16,917 | Healthcare Realty Trust Inc | 495,499 | ||||
51,814 | RPT Realty | 360,626 | ||||
12,262 | STAG Industrial Inc | 359,522 | ||||
Total Equity Real Estate Investment Trust | 1,747,106 | |||||
Food & Staples Retailing – 1.1% | ||||||
8,960 | Sprouts Farmers Market Inc, (2) | 229,286 | ||||
Health Care Equipment & Supplies – 2.2% | ||||||
5,405 | Globus Medical Inc, (2) | 257,873 | ||||
4,156 | LivaNova PLC, (2) | 200,028 | ||||
Total Health Care Equipment & Supplies | 457,901 | |||||
Health Care Technology – 1.0% | ||||||
18,607 | Change Healthcare Inc, (2) | 208,398 | ||||
Household Durables – 2.2% | ||||||
23,723 | Taylor Morrison Home Corp, (2) | 457,617 | ||||
Insurance – 9.1% | ||||||
14,648 | Axis Capital Holdings Ltd | 594,123 | ||||
1,522 | Everest Re Group Ltd | 313,836 | ||||
3,844 | Globe Life Inc | 285,340 | ||||
13,844 | Old Republic International Corp | 225,796 | ||||
2,828 | RenaissanceRe Holdings Ltd | 483,673 | ||||
Total Insurance | 1,902,768 | |||||
Interactive Media & Services – 1.5% | ||||||
16,268 | TripAdvisor Inc, (2) | 309,255 | ||||
IT Services – 2.4% | ||||||
6,750 | Amdocs Ltd | 410,940 | ||||
1,050 | Euronet Worldwide Inc, (2) | 100,611 | ||||
Total IT Services | 511,551 | |||||
Life Sciences Tools & Services – 3.0% | ||||||
1,369 | Bio-Rad Laboratories Inc, (2) | 618,090 | ||||
Machinery – 4.4% | ||||||
7,390 | Albany International Corp | 433,867 | ||||
9,315 | Federal Signal Corp | 276,935 |
Shares | Description (1) | Value | ||||
Machinery (continued) | ||||||
7,050 | Kennametal Inc | $ 202,405 | ||||
Total Machinery | 913,207 | |||||
Metals & Mining – 3.9% | ||||||
6,789 | Materion Corp | 417,456 | ||||
4,238 | Reliance Steel & Aluminum Co | 402,313 | ||||
Total Metals & Mining | 819,769 | |||||
Pharmaceuticals – 0.9% | ||||||
1,785 | Jazz Pharmaceuticals PLC, (2) | 196,957 | ||||
Road & Rail – 3.2% | ||||||
16,182 | Knight-Swift Transportation Holdings Inc | 674,951 | ||||
Semiconductors & Semiconductor Equipment – 4.8% | ||||||
3,539 | Qorvo Inc, (2) | 391,166 | ||||
20,320 | Rambus Inc, (2) | 308,864 | ||||
3,639 | Teradyne Inc | 307,532 | ||||
Total Semiconductors & Semiconductor Equipment | 1,007,562 | |||||
Software – 2.2% | ||||||
22,505 | Teradata Corp, (2) | 468,104 | ||||
Specialty Retail – 4.1% | ||||||
2,458 | Advance Auto Parts Inc | 350,142 | ||||
45,710 | American Eagle Outfitters Inc | 498,239 | ||||
Total Specialty Retail | 848,381 | |||||
Trading Companies & Distributors – 2.3% | ||||||
19,415 | BMC Stock Holdings Inc, (2) | 488,093 | ||||
Total Long-Term Investments (cost $17,947,589) | 19,625,068 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 7.9% | ||||||
REPURCHASE AGREEMENTS – 7.9% | ||||||
$ 1,642 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/20, repurchase price $1,642,392, collateralized by $1,429,700 U.S. Treasury Bonds, 0.625%, due 01/15/26, valued 1,675,325 | 0.000% | 7/01/20 | $ 1,642,392 | ||
Total Short-Term Investments (cost $1,642,392) | 1,642,392 | |||||
Total Investments (cost $19,589,981) – 101.9% | 21,267,460 | |||||
Other Assets Less Liabilities – (1.9)% | (397,314) | |||||
Net Assets – 100% | $ 20,870,146 |
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 a dividend within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 97.8% | ||||||
COMMON STOCKS – 97.8% | ||||||
Auto Components – 1.7% | ||||||
159,601 | Stoneridge Inc, (2) | $ 3,297,357 | ||||
Banks – 13.6% | ||||||
233,739 | Ameris Bancorp | 5,513,903 | ||||
168,714 | Banc of California Inc. | 1,827,173 | ||||
203,871 | Bank of NT Butterfield & Son Ltd | 4,972,414 | ||||
79,402 | First Hawaiian Inc | 1,368,890 | ||||
363,202 | First Horizon National Corp | 3,617,492 | ||||
159,687 | PacWest Bancorp | 3,147,431 | ||||
159,661 | Western Alliance Bancorp | 6,046,362 | ||||
Total Banks | 26,493,665 | |||||
Biotechnology – 2.8% | ||||||
142,370 | Coherus Biosciences Inc, (2) | 2,542,728 | ||||
23,607 | United Therapeutics Corp, (2) | 2,856,447 | ||||
Total Biotechnology | 5,399,175 | |||||
Capital Markets – 1.0% | ||||||
33,500 | Evercore Inc | 1,973,820 | ||||
Commercial Services & Supplies – 1.2% | ||||||
77,340 | HNI Corp | 2,364,284 | ||||
Communications Equipment – 1.3% | ||||||
66,872 | ViaSat Inc, (2) | 2,565,879 | ||||
Construction & Engineering – 3.0% | ||||||
147,827 | Quanta Services Inc | 5,799,253 | ||||
Containers & Packaging – 1.0% | ||||||
38,615 | Sonoco Products Co | 2,019,178 | ||||
Electric Utilities – 1.0% | ||||||
22,285 | IDACORP Inc | 1,947,040 | ||||
Electrical Equipment – 5.5% | ||||||
89,710 | EnerSys | 5,775,530 | ||||
265,247 | nVent Electric PLC | 4,968,076 | ||||
Total Electrical Equipment | 10,743,606 |
Shares | Description (1) | Value | ||||
Electronic Equipment, Instruments & Components – 6.5% | ||||||
24,307 | Coherent Inc, (2) | $3,183,731 | ||||
47,287 | Fabrinet, (2) | 2,951,654 | ||||
127,400 | Methode Electronics Inc | 3,982,524 | ||||
107,932 | Vishay Precision Group Inc, (2) | 2,652,969 | ||||
Total Electronic Equipment, Instruments & Components | 12,770,878 | |||||
Equity Real Estate Investment Trust – 9.5% | ||||||
433,055 | Brandywine Realty Trust | 4,715,969 | ||||
73,282 | Easterly Government Properties Inc | 1,694,280 | ||||
165,154 | Healthcare Realty Trust Inc | 4,837,361 | ||||
512,335 | RPT Realty | 3,565,852 | ||||
127,239 | STAG Industrial Inc | 3,730,647 | ||||
Total Equity Real Estate Investment Trust | 18,544,109 | |||||
Food Products – 4.3% | ||||||
38,712 | John B Sanfilippo & Son Inc | 3,303,295 | ||||
633,298 | Landec Corp, (2) | 5,041,052 | ||||
Total Food Products | 8,344,347 | |||||
Health Care Equipment & Supplies – 2.2% | ||||||
53,163 | Globus Medical Inc, (2) | 2,536,407 | ||||
37,946 | LivaNova PLC, (2) | 1,826,341 | ||||
Total Health Care Equipment & Supplies | 4,362,748 | |||||
Health Care Technology – 0.9% | ||||||
156,435 | Change Healthcare Inc, (2) | 1,752,072 | ||||
Hotels, Restaurants & Leisure – 1.5% | ||||||
196,684 | El Pollo Loco Holdings Inc, (2) | 2,903,056 | ||||
Household Durables – 2.5% | ||||||
253,958 | Taylor Morrison Home Corp, (2) | 4,898,850 | ||||
Insurance – 5.1% | ||||||
75,518 | Axis Capital Holdings Ltd | 3,063,010 | ||||
120,000 | Old Republic International Corp | 1,957,200 | ||||
28,465 | RenaissanceRe Holdings Ltd | 4,868,369 | ||||
Total Insurance | 9,888,579 | |||||
Interactive Media & Services – 1.5% | ||||||
151,524 | TripAdvisor Inc, (2) | 2,880,471 | ||||
Internet Software & Services – 0.6% | ||||||
89,432 | Cloudera Inc. , (2) | 1,137,575 | ||||
IT Services – 0.4% | ||||||
8,339 | Euronet Worldwide Inc, (2) | 799,043 |
Shares | Description (1) | Value | ||||
Machinery – 7.0% | ||||||
39,738 | Alamo Group Inc | $4,078,708 | ||||
77,305 | Albany International Corp | 4,538,577 | ||||
92,529 | Federal Signal Corp | 2,750,887 | ||||
81,485 | Kennametal Inc | 2,339,434 | ||||
Total Machinery | 13,707,606 | |||||
Metals & Mining – 2.3% | ||||||
71,746 | Materion Corp | 4,411,662 | ||||
Paper & Forest Products – 1.2% | ||||||
46,287 | Neenah Inc | 2,289,355 | ||||
Road & Rail – 3.6% | ||||||
167,103 | Knight-Swift Transportation Holdings Inc | 6,969,866 | ||||
Semiconductors & Semiconductor Equipment – 5.5% | ||||||
66,696 | Entegris Inc | 3,938,399 | ||||
453,659 | Rambus Inc, (2) | 6,895,617 | ||||
Total Semiconductors & Semiconductor Equipment | 10,834,016 | |||||
Software – 2.4% | ||||||
228,973 | Teradata Corp, (2) | 4,762,638 | ||||
Specialty Retail – 2.7% | ||||||
479,741 | American Eagle Outfitters Inc | 5,229,177 | ||||
Thrifts & Mortgage Finance – 3.1% | ||||||
167,614 | HomeStreet Inc | 4,124,981 | ||||
68,735 | WSFS Financial Corp | 1,972,694 | ||||
Total Thrifts & Mortgage Finance | 6,097,675 | |||||
Trading Companies & Distributors – 2.9% | ||||||
225,539 | BMC Stock Holdings Inc, (2) | 5,670,050 | ||||
Total Long-Term Investments (cost $174,084,646) | 190,857,030 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 1.9% | ||||||
REPURCHASE AGREEMENTS – 1.9% | ||||||
$ 3,763 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/20, repurchase price $3,763,303, collateralized by $3,275,800, U.S. Treasury Bonds, 0.625%, due 1/15/26, value $3,838,589 | 0.000% | 7/01/20 | $ 3,763,303 | ||
Total Short-Term Investments (cost $3,763,303) | 3,763,303 | |||||
Total Investments (cost $177,847,949) – 99.7% | 194,620,333 | |||||
Other Assets Less Liabilities – 0.3% | 599,637 | |||||
Net Assets – 100% | $ 195,219,970 |
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 a dividend within the past twelve months. |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Assets | ||||||
Long-term investments, at value (cost $127,501,574, $93,187,939, $58,410,579, $15,685,848, $17,947,589 and $174,084,646, respectively) | $138,399,094 | $109,219,423 | $55,097,007 | $18,897,613 | $19,625,068 | $190,857,030 |
Short-term investments, at value (cost approximates value) | — | 1,501,911 | — | 349,252 | 1,642,392 | 3,763,303 |
Cash | 1,712,048 | — | 95,681 | — | — | — |
Cash denominated in foreign currencies (cost $20,353, $3, $—, $—, $—and $—, respectively) | 20,574 | 3 | — | — | — | — |
Receivable for: | ||||||
Dividends | 446,658 | 250,039 | 61,024 | 49,539 | 21,348 | 167,974 |
Investments sold | — | 331,574 | — | — | 48,709 | 552,573 |
Reclaims | 291,853 | 576,984 | 5,441 | 8,733 | — | — |
Shares sold | 12,083 | 11,808 | 146 | 31 | 173,409 | 766,101 |
Other assets | 259,842 | 142,610 | 97,484 | 55,786 | 27,362 | 69,488 |
Total assets | 141,142,152 | 112,034,352 | 55,356,783 | 19,360,954 | 21,538,288 | 196,176,469 |
Liabilities | ||||||
Payable for: | ||||||
Dividends | 58,729 | — | — | — | — | — |
Investments purchased - regular settlement | 314,306 | 324,900 | — | — | 530,512 | — |
Shares redeemed | 419,253 | 296,617 | 17,790 | 17,698 | 95,948 | 471,277 |
Accrued expenses: | ||||||
Custodian fees | 28,481 | 36,984 | 16,629 | 11,424 | 12,732 | 23,413 |
Management fees | 90,095 | 105,484 | 28,937 | 5,902 | 4,682 | 132,382 |
Professional fees | 48,219 | 22,313 | 14,000 | 14,054 | 12,160 | 25,369 |
Shareholder reporting expenses | 28,582 | 60,275 | 7,108 | 4,390 | 895 | 63,023 |
Shareholder servicing agent fees | 65,333 | 37,865 | 20,625 | 12,713 | 9,471 | 195,452 |
Trustees fees | 224,966 | 112,309 | 75,761 | 35,472 | 86 | 29,050 |
12b-1 distribution and service fees | 29,388 | 4,816 | 7,466 | 2,388 | 1,364 | 12,820 |
Other | 34,366 | 1,606 | 608 | 440 | 292 | 3,713 |
Total liabilities | 1,341,718 | 1,003,169 | 188,924 | 104,481 | 668,142 | 956,499 |
Net assets | $139,800,434 | $111,031,183 | $55,167,859 | $19,256,473 | $20,870,146 | $195,219,970 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Class A Shares | ||||||
Net assets | $ 80,897,328 | $ 17,579,489 | $ 29,133,420 | $ 4,233,102 | $ 2,599,308 | $ 24,846,291 |
Shares outstanding | 3,450,677 | 871,650 | 1,073,782 | 1,068,961 | 129,663 | 731,298 |
Net asset value ("NAV") per share | $ 23.44 | $ 20.17 | $ 27.13 | $ 3.96 | $ 20.05 | $ 33.98 |
Offering price per share (NAV per share plus maximum sales charge of 5.75% of offering price) | $ 24.87 | $ 21.40 | $ 28.79 | $ 4.20 | $ 21.27 | $ 36.05 |
Class C Shares | ||||||
Net assets | $ 14,341,953 | $ 962,682 | $ 1,631,825 | $ 1,758,432 | $ 762,656 | $ 7,644,423 |
Shares outstanding | 612,923 | 50,134 | 64,436 | 536,702 | 44,109 | 258,507 |
NAV and offering price per share | $ 23.40 | $ 19.20 | $ 25.32 | $ 3.28 | $ 17.29 | $ 29.57 |
Class R3 Shares | ||||||
Net assets | $ 582,946 | $ 708,194 | $ — | $ 68,880 | $ 304,488 | $ 2,104,436 |
Shares outstanding | 24,911 | 34,861 | — | 17,691 | 15,928 | 63,508 |
NAV and offering price per share | $ 23.40 | $ 20.31 | $ — | $ 3.89 | $ 19.12 | $ 33.14 |
Class R6 Shares | ||||||
Net assets | $ — | $ — | $ — | $ — | $ 8,746,950 | $ 6,315,451 |
Shares outstanding | — | — | — | — | 423,803 | 177,122 |
NAV and offering price per share | $ — | $ — | $ — | $ — | $ 20.64 | $ 35.66 |
Class I Shares | ||||||
Net assets | $ 43,978,207 | $ 91,780,818 | $ 24,402,614 | $13,196,059 | $ 8,456,744 | $154,309,369 |
Shares outstanding | 1,875,714 | 4,528,429 | 891,571 | 3,312,569 | 412,632 | 4,382,295 |
NAV and offering price per share | $ 23.45 | $ 20.27 | $ 27.37 | $ 3.98 | $ 20.49 | $ 35.21 |
Fund level net assets consist of: | ||||||
Capital paid-in | $ 386,022,087 | $ 315,714,379 | $ 72,548,923 | $14,214,873 | $20,322,880 | $217,179,601 |
Total distributable earnings | (246,221,653) | (204,683,196) | (17,381,064) | 5,041,600 | 547,266 | (21,959,631) |
Fund level net assets | $ 139,800,434 | $ 111,031,183 | $ 55,167,859 | $19,256,473 | $20,870,146 | $195,219,970 |
Authorized shares - per class | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Par value per share | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Investment Income | ||||||
Dividends | $ 6,416,451 | $ 5,140,503 | $ 2,483,080 | $ 1,348,569 | $ 421,486 | $ 6,207,490 |
Interest | — | 6,754 | 5,036 | 4,239 | 9,290 | 100,553 |
Foreign tax withheld on dividend income | (371,304) | (525,014) | (7,578) | (3,744) | — | — |
Total investment income | 6,045,147 | 4,622,243 | 2,480,538 | 1,349,064 | 430,776 | 6,308,043 |
Expenses | ||||||
Management fees | 1,224,800 | 1,254,064 | 508,341 | 249,495 | 172,755 | 3,111,399 |
12b-1 service fees - Class A Shares | 236,658 | 51,870 | 89,616 | 10,618 | 7,414 | 101,358 |
12b-1 distribution and service fees - Class C Shares | 236,769 | 18,035 | 22,535 | 23,972 | 10,908 | 107,471 |
12b-1 distribution and service fees - Class R3 Shares(1) | 4,091 | 5,204 | — | 373 | 1,867 | 16,333 |
Shareholder servicing agent fees | 228,725 | 337,179 | 80,232 | 42,444 | 26,387 | 756,872 |
Custodian fees | 79,088 | 105,960 | 40,954 | 30,829 | 33,394 | 63,636 |
Professional fees | 62,384 | 51,886 | 29,953 | 28,697 | 22,531 | 78,646 |
Trustees fees | 4,189 | 4,284 | 1,737 | 920 | 548 | 9,546 |
Shareholder reporting expenses | 40,094 | 104,073 | 19,034 | 12,533 | 8,173 | 141,190 |
Federal and state registration fees | 68,750 | 67,498 | 65,176 | 65,589 | 78,338 | 112,621 |
Other | 8,950 | 9,373 | 7,142 | 7,110 | 7,731 | 17,740 |
Total expenses before fee waiver/expense reimbursement | 2,194,498 | 2,009,426 | 864,720 | 472,580 | 370,046 | 4,516,812 |
Fee waiver/expense reimbursement | (225,410) | (333,516) | (107,642) | (154,035) | (124,692) | — |
Net expenses | 1,969,088 | 1,675,910 | 757,078 | 318,545 | 245,354 | 4,516,812 |
Net investment income (loss) | 4,076,059 | 2,946,333 | 1,723,460 | 1,030,519 | 185,422 | 1,791,231 |
Realized and Unrealized Gain (Loss) | ||||||
Net realized gain (loss) from: | ||||||
Investments and foreign currency | (12,951,300) | (1,762,166) | (14,015,559) | 3,154,502 | (464,971) | (19,751,510) |
Options written | 62,265 | — | — | — | — | — |
Change in net unrealized appreciation (depreciation) of investments and foreign currency | (9,095,548) | (17,524,860) | 367,739 | (8,796,296) | (2,487,259) | (44,065,240) |
Net realized and unrealized gain (loss) | (21,984,583) | (19,287,026) | (13,647,820) | (5,641,794) | (2,952,230) | (63,816,750) |
Net increase (decrease) in net assets from operations | $(17,908,524) | $(16,340,693) | $(11,924,360) | $(4,611,275) | $(2,766,808) | $(62,025,519) |
(1) | Effective during the current fiscal period, Class R3 Shares of NWQ Multi-Cap Value are no long being offered for sale. |
NWQ Global Equity Income | NWQ International Value | ||||
Year Ended 6/30/20 | Year Ended 6/30/19 | Year Ended 6/30/20 | Year Ended 6/30/19 | ||
Operations | |||||
Net investment income (loss) | $ 4,076,059 | $ 5,763,823 | $ 2,946,333 | $ 6,265,080 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (12,951,300) | 890,300 | (1,762,166) | 3,390,111 | |
Options written | 62,265 | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (9,095,548) | (4,354,036) | (17,524,860) | (26,303,295) | |
Options written | — | — | — | — | |
Net increase (decrease) in net assets from operations | (17,908,524) | 2,300,087 | (16,340,693) | (16,648,104) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (2,229,310) | (5,609,547) | (665,986) | (275,820) | |
Class C Shares | (368,666) | (1,894,160) | (41,146) | (14,488) | |
Class R3 Shares | (15,950) | (51,570) | (30,895) | (11,347) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (1,428,813) | (3,687,239) | (5,574,857) | (3,137,363) | |
Decrease in net assets from distributions to shareholders | (4,042,739) | (11,242,516) | (6,312,884) | (3,439,018) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 25,052,058 | 32,766,377 | 21,100,383 | 70,260,677 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 3,805,141 | 10,498,300 | 6,185,314 | 3,373,855 | |
28,857,199 | 43,264,677 | 27,285,697 | 73,634,532 | ||
Cost of shares redeemed | (72,400,519) | (99,385,388) | (139,293,026) | (97,010,058) | |
Net increase (decrease) in net assets from Fund share transactions | (43,543,320) | (56,120,711) | (112,007,329) | (23,375,526) | |
Net increase (decrease) in net assets | (65,494,583) | (65,063,140) | (134,660,906) | (43,462,648) | |
Net assets at the beginning of period | 205,295,017 | 270,358,157 | 245,692,089 | 289,154,737 | |
Net assets at the end of period | $139,800,434 | $205,295,017 | $ 111,031,183 | $245,692,089 |
NWQ Multi-Cap Value | NWQ Large-Cap Value | ||||
Year Ended 6/30/20 | Year Ended 6/30/19 | Year Ended 6/30/20 | Year Ended 6/30/19 | ||
Operations | |||||
Net investment income (loss) | $ 1,723,460 | $ 772,970 | $ 1,030,519 | $ 757,382 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (14,015,559) | (1,099,231) | 3,154,502 | 5,220,211 | |
Options written | — | — | — | 27,478 | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | 367,739 | 1,990,588 | (8,796,296) | (5,737,876) | |
Options written | — | — | — | (17,704) | |
Net increase (decrease) in net assets from operations | (11,924,360) | 1,664,327 | (4,611,275) | 249,491 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (442,450) | — | (593,470) | (917,058) | |
Class C Shares | (10,284) | — | (380,680) | (862,566) | |
Class R3 Shares(2) | — | — | (10,557) | (16,678) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (502,661) | — | (4,510,985) | (9,629,934) | |
Decrease in net assets from distributions to shareholders | (955,395) | — | (5,495,692) | (11,426,236) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 3,854,968 | 25,327,908 | 5,847,453 | 6,221,179 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 878,183 | — | 5,423,752 | 11,206,326 | |
4,733,151 | 25,327,908 | 11,271,205 | 17,427,505 | ||
Cost of shares redeemed | (20,355,601) | (34,538,655) | (27,800,929) | (29,636,097) | |
Net increase (decrease) in net assets from Fund share transactions | (15,622,450) | (9,210,747) | (16,529,724) | (12,208,592) | |
Net increase (decrease) in net assets | (28,502,205) | (7,546,420) | (26,636,691) | (23,385,337) | |
Net assets at the beginning of period | 83,670,064 | 91,216,484 | 45,893,164 | 69,278,501 | |
Net assets at the end of period | $ 55,167,859 | $ 83,670,064 | $ 19,256,473 | $ 45,893,164 |
(2) | Effective August 5, 2019, Class R3 Shares of NWQ Multi-Cap Value are no longer being offered for sale. |
NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | ||||
Year Ended 6/30/20 | Year Ended 6/30/19 | Year Ended 6/30/20 | Year Ended 6/30/19 | ||
Operations | |||||
Net investment income (loss) | $ 185,422 | $ 136,243 | $ 1,791,231 | $ 1,752,535 | |
Net realized gain (loss) from: | |||||
Investments and foreign currency | (464,971) | 1,122,131 | (19,751,510) | 31,906,568 | |
Options written | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments and foreign currency | (2,487,259) | (4,643,343) | (44,065,240) | (125,674,550) | |
Options written | — | — | — | — | |
Net increase (decrease) in net assets from operations | (2,766,808) | (3,384,969) | (62,025,519) | (92,015,447) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (11,173) | (1,011,062) | (2,691,806) | (7,957,889) | |
Class C Shares | — | (640,504) | (819,126) | (1,945,422) | |
Class R3 Shares | (362) | (156,343) | (208,715) | (1,447,253) | |
Class R6 Shares | (74,182) | (2,221,475) | (1,295,452) | (1,030,068) | |
Class I Shares | (54,788) | (3,821,582) | (23,595,162) | (57,417,784) | |
Decrease in net assets from distributions to shareholders | (140,505) | (7,850,966) | (28,610,261) | (69,798,416) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 13,803,121 | 9,605,484 | 97,163,173 | 217,262,618 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 137,529 | 7,556,283 | 27,180,359 | 65,990,125 | |
13,940,650 | 17,161,767 | 124,343,532 | 283,252,743 | ||
Cost of shares redeemed | (13,779,883) | (20,932,739) | (390,798,548) | (334,510,677) | |
Net increase (decrease) in net assets from Fund share transactions | 160,767 | (3,770,972) | (266,455,016) | (51,257,934) | |
Net increase (decrease) in net assets | (2,746,546) | (15,006,907) | (357,090,796) | (213,071,797) | |
Net assets at the beginning of period | 23,616,692 | 38,623,599 | 552,310,766 | 765,382,563 | |
Net assets at the end of period | $ 20,870,146 | $ 23,616,692 | $ 195,219,970 | $ 552,310,766 |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | 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 (09/09) | |||||||||
2020 | $26.59 | $0.57 | $(3.10) | $(2.53) | $(0.62) | $ — | $(0.62) | $23.44 | |
2019 | 27.45 | 0.69 | (0.20) | 0.49 | (0.72) | (0.63) | (1.35) | 26.59 | |
2018 | 27.34 | 0.83 | 0.12 | 0.95 | (0.60) | (0.24) | (0.84) | 27.45 | |
2017 | 24.47 | 0.94 | 2.87 | 3.81 | (0.94) | —* | (0.94) | 27.34 | |
2016 | 26.50 | 0.75 | (2.04) | (1.29) | (0.51) | (0.23) | (0.74) | 24.47 | |
Class C (09/09) | |||||||||
2020 | 26.54 | 0.40 | (3.11) | (2.71) | (0.43) | — | (0.43) | 23.40 | |
2019 | 27.39 | 0.46 | (0.16) | 0.30 | (0.52) | (0.63) | (1.15) | 26.54 | |
2018 | 27.28 | 0.62 | 0.11 | 0.73 | (0.38) | (0.24) | (0.62) | 27.39 | |
2017 | 24.42 | 1.18 | 2.42 | 3.60 | (0.74) | —* | (0.74) | 27.28 | |
2016 | 26.48 | 0.51 | (1.98) | (1.47) | (0.36) | (0.23) | (0.59) | 24.42 | |
Class R3 (09/09) | |||||||||
2020 | 26.55 | 0.51 | (3.10) | (2.59) | (0.56) | — | (0.56) | 23.40 | |
2019 | 27.40 | 0.62 | (0.19) | 0.43 | (0.65) | (0.63) | (1.28) | 26.55 | |
2018 | 27.30 | 0.75 | 0.11 | 0.86 | (0.52) | (0.24) | (0.76) | 27.40 | |
2017 | 24.46 | 1.05 | 2.69 | 3.74 | (0.90) | —* | (0.90) | 27.30 | |
2016 | 26.49 | 0.64 | (1.98) | (1.34) | (0.46) | (0.23) | (0.69) | 24.46 | |
Class I (09/09) | |||||||||
2020 | 26.60 | 0.63 | (3.10) | (2.47) | (0.68) | — | (0.68) | 23.45 | |
2019 | 27.46 | 0.74 | (0.18) | 0.56 | (0.79) | (0.63) | (1.42) | 26.60 | |
2018 | 27.35 | 0.90 | 0.12 | 1.02 | (0.67) | (0.24) | (0.91) | 27.46 | |
2017 | 24.48 | 0.94 | 2.93 | 3.87 | (1.00) | —* | (1.00) | 27.35 | |
2016 | 26.51 | 1.25 | (2.48) | (1.23) | (0.57) | (0.23) | (0.80) | 24.48 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(9.53)% | $ 80,897 | 1.24% | 2.24% | 1.11% | 2.37% | 53% | |
2.23 | 103,494 | 1.19 | 2.52 | 1.11 | 2.60 | 30 | |
3.42 | 118,895 | 1.18 | 2.85 | 1.11 | 2.92 | 31 | |
15.75 | 152,606 | 1.33 | 3.36 | 1.11 | 3.58 | 86 | |
(4.88) | 1,599 | 3.83 | 0.36 | 1.20 | 2.98 | 51 | |
(10.18) | 14,342 | 1.99 | 1.48 | 1.86 | 1.61 | 53 | |
1.45 | 37,564 | 1.94 | 1.68 | 1.86 | 1.76 | 30 | |
2.65 | 67,535 | 1.93 | 2.10 | 1.86 | 2.16 | 31 | |
14.87 | 81,440 | 2.03 | 4.24 | 1.86 | 4.41 | 86 | |
(5.57) | 382 | 4.78 | (0.81) | 1.96 | 2.01 | 51 | |
(9.75) | 583 | 1.49 | 1.96 | 1.36 | 2.09 | 53 | |
1.97 | 1,069 | 1.44 | 2.27 | 1.36 | 2.35 | 30 | |
3.13 | 1,225 | 1.43 | 2.56 | 1.36 | 2.63 | 31 | |
15.48 | 1,926 | 1.55 | 3.77 | 1.36 | 3.96 | 86 | |
(5.09) | 306 | 4.27 | (0.30) | 1.46 | 2.52 | 51 | |
(9.25) | 43,978 | 0.99 | 2.49 | 0.86 | 2.62 | 53 | |
2.45 | 63,168 | 0.94 | 2.73 | 0.86 | 2.81 | 30 | |
3.69 | 82,677 | 0.92 | 3.08 | 0.86 | 3.15 | 31 | |
16.03 | 91,922 | 1.07 | 3.41 | 0.86 | 3.62 | 86 | |
(4.64) | 49,542 | 1.37 | 4.68 | 0.94 | 5.12 | 51 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | 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. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | 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 less than $.01 per share. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | 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 (12/99) | |||||||||
2020 | $23.39 | $0.32 | $(2.83) | $(2.51) | $(0.71) | $ — | $(0.71) | $20.17 | |
2019 | 25.16 | 0.50 | (2.01) | (1.51) | (0.26) | — | (0.26) | 23.39 | |
2018 | 24.91 | 0.38 | 0.62 | 1.00 | (0.75) | — | (0.75) | 25.16 | |
2017(e) | 22.22 | 0.40 | 2.71 | 3.11 | (0.42) | — | (0.42) | 24.91 | |
2016 | 24.59 | 0.47 | (2.53) | (2.06) | (0.31) | — | (0.31) | 22.22 | |
2015 | 25.67 | 0.20 | (0.35) | (0.15) | (0.93) | — | (0.93) | 24.59 | |
Class C (12/99) | |||||||||
2020 | 22.28 | 0.16 | (2.73) | (2.57) | (0.51) | — | (0.51) | 19.20 | |
2019 | 23.94 | 0.25 | (1.84) | (1.59) | (0.07) | — | (0.07) | 22.28 | |
2018 | 23.70 | 0.17 | 0.61 | 0.78 | (0.54) | — | (0.54) | 23.94 | |
2017(e) | 21.13 | 0.21 | 2.61 | 2.82 | (0.25) | — | (0.25) | 23.70 | |
2016 | 23.39 | 0.28 | (2.41) | (2.13) | (0.13) | — | (0.13) | 21.13 | |
2015 | 24.40 | 0.03 | (0.33) | (0.30) | (0.71) | — | (0.71) | 23.39 | |
Class R3 (08/08) | |||||||||
2020 | 23.56 | 0.26 | (2.85) | (2.59) | (0.66) | — | (0.66) | 20.31 | |
2019 | 25.34 | 0.46 | (2.04) | (1.58) | (0.20) | — | (0.20) | 23.56 | |
2018 | 25.08 | 0.34 | 0.62 | 0.96 | (0.70) | — | (0.70) | 25.34 | |
2017(e) | 22.37 | 0.36 | 2.72 | 3.08 | (0.37) | — | (0.37) | 25.08 | |
2016 | 24.76 | 0.42 | (2.55) | (2.13) | (0.26) | — | (0.26) | 22.37 | |
2015 | 25.84 | 0.14 | (0.35) | (0.21) | (0.87) | — | (0.87) | 24.76 | |
Class I (12/99) | |||||||||
2020 | 23.50 | 0.36 | (2.82) | (2.46) | (0.77) | — | (0.77) | 20.27 | |
2019 | 25.29 | 0.58 | (2.04) | (1.46) | (0.33) | — | (0.33) | 23.50 | |
2018 | 25.03 | 0.46 | 0.62 | 1.08 | (0.82) | — | (0.82) | 25.29 | |
2017(e) | 22.33 | 0.50 | 2.68 | 3.18 | (0.48) | — | (0.48) | 25.03 | |
2016 | 24.72 | 0.53 | (2.54) | (2.01) | (0.38) | — | (0.38) | 22.33 | |
2015 | 25.82 | 0.27 | (0.37) | (0.10) | (1.00) | — | (1.00) | 24.72 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return (b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate (d) | |
(11.24)% | $ 17,579 | 1.33% | 1.36% | 1.15% | 1.55% | 22% | |
(5.90) | 23,088 | 1.32 | 1.95 | 1.15 | 2.11 | 14 | |
3.92 | 26,710 | 1.27 | 1.34 | 1.15 | 1.46 | 17 | |
14.24 | 28,490 | 1.27* | 1.78* | 1.15* | 1.90* | 23 | |
(8.38) | 30,998 | 1.34 | 2.10 | 1.33 | 2.11 | 20 | |
(0.20) | 37,581 | 1.35 | 0.81 | N/A | N/A | 30 | |
(11.88) | 963 | 2.08 | 0.57 | 1.90 | 0.76 | 22 | |
(6.68) | 3,055 | 2.07 | 0.97 | 1.90 | 1.14 | 14 | |
3.20 | 9,986 | 2.02 | 0.56 | 1.90 | 0.68 | 17 | |
13.47 | 11,688 | 2.02* | 0.95* | 1.90* | 1.06* | 23 | |
(9.11) | 16,182 | 2.09 | 1.32 | 2.08 | 1.33 | 20 | |
(0.95) | 22,173 | 2.11 | 0.12 | N/A | N/A | 30 | |
(11.47) | 708 | 1.58 | 1.03 | 1.40 | 1.21 | 22 | |
(6.17) | 1,248 | 1.57 | 1.78 | 1.40 | 1.95 | 14 | |
3.71 | 1,391 | 1.52 | 1.20 | 1.40 | 1.31 | 17 | |
13.97 | 1,095 | 1.51* | 1.59* | 1.40* | 1.70* | 23 | |
(8.63) | 1,398 | 1.59 | 1.85 | 1.58 | 1.86 | 20 | |
(0.44) | 1,352 | 1.61 | 0.59 | N/A | N/A | 30 | |
(11.00) | 91,781 | 1.08 | 1.49 | 0.90 | 1.68 | 22 | |
(5.67) | 218,300 | 1.07 | 2.31 | 0.90 | 2.48 | 14 | |
4.20 | 251,067 | 1.02 | 1.65 | 0.90 | 1.76 | 17 | |
14.51 | 255,113 | 1.02* | 2.25* | 0.90* | 2.36* | 23 | |
(8.17) | 179,707 | 1.09 | 2.37 | 1.08 | 2.38 | 20 | |
0.02 | 224,970 | 1.11 | 1.12 | N/A | N/A | 30 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | 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. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | 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. |
(e) | For the eleven months ended June 30, 2017. Periods prior to 2017 are for the fiscal year ended July 31. |
* | Annualized. |
N/A | For the periods presented herein, Fund did not have a contractual reimbursement agreement with the advisor prior to June 30, 2016. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | 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 (12/02) | |||||||||
2020 | $32.55 | $ 0.66 | $(5.70) | $(5.04) | $(0.38) | $ — | $(0.38) | $27.13 | |
2019 | 31.84 | 0.26 | 0.45 | 0.71 | — | — | — | 32.55 | |
2018(e) | 29.15 | (0.18) | 3.42 | 3.24 | (0.55) | — | (0.55) | 31.84 | |
2017 | 23.86 | 0.46 | 5.04 | 5.50 | (0.21) | — | (0.21) | 29.15 | |
2016 | 25.75 | 0.19 | (1.90) | (1.71) | (0.18) | — | (0.18) | 23.86 | |
Class C (12/02) | |||||||||
2020 | 30.40 | 0.42 | (5.37) | (4.95) | (0.13) | — | (0.13) | 25.32 | |
2019 | 29.97 | (0.02) | 0.45 | 0.43 | — | — | — | 30.40 | |
2018(e) | 27.46 | (0.37) | 3.19 | 2.82 | (0.31) | — | (0.31) | 29.97 | |
2017 | 22.49 | 0.20 | 4.80 | 5.00 | (0.03) | — | (0.03) | 27.46 | |
2016 | 24.27 | 0.01 | (1.79) | (1.78) | — | — | — | 22.49 | |
Class I (11/97) | |||||||||
2020 | 32.83 | 0.75 | (5.75) | (5.00) | (0.46) | — | (0.46) | 27.37 | |
2019 | 32.03 | 0.34 | 0.46 | 0.80 | — | — | — | 32.83 | |
2018(e) | 29.33 | (0.11) | 3.43 | 3.32 | (0.62) | — | (0.62) | 32.03 | |
2017 | 24.00 | 0.49 | 5.11 | 5.60 | (0.27) | — | (0.27) | 29.33 | |
2016 | 25.90 | 0.25 | (1.90) | (1.65) | (0.25) | — | (0.25) | 24.00 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(15.73)% | $29,133 | 1.30% | 2.15% | 1.15% | 2.30% | 54% | |
2.23 | 42,199 | 1.26 | 0.73 | 1.15 | 0.84 | 23 | |
11.14 | 30,003 | 1.24 | (0.67) | 1.15 | (0.58) | 118 | |
23.08 | 30,955 | 1.25 | 1.64 | 1.15 | 1.74 | 46 | |
(6.58) | 26,863 | 1.34 | 0.78 | 1.34 | 0.78 | 28 | |
(16.37) | 1,632 | 2.05 | 1.41 | 1.90 | 1.56 | 54 | |
1.43 | 2,672 | 2.01 | (0.17) | 1.90 | (0.06) | 23 | |
10.29 | 21,143 | 1.99 | (1.39) | 1.90 | (1.29) | 118 | |
22.17 | 23,652 | 2.00 | 0.70 | 1.90 | 0.80 | 46 | |
(7.25) | 26,462 | 2.09 | 0.03 | 2.09 | 0.03 | 28 | |
(15.51) | 24,403 | 1.05 | 2.41 | 0.90 | 2.56 | 54 | |
2.50 | 38,712 | 1.01 | 0.97 | 0.90 | 1.08 | 23 | |
11.37 | 40,008 | 0.99 | (0.44) | 0.90 | (0.35) | 118 | |
23.45 | 40,694 | 1.00 | 1.74 | 0.90 | 1.84 | 46 | |
(6.37) | 43,271 | 1.09 | 1.02 | 1.09 | 1.02 | 28 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | 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. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | 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. |
(e) | Per share Net investment income (loss) and Net Investment Income (Loss) to Average Net Assets ratios include a change in estimated return of capital recorded by the Fund during the fiscal year ended June 30, 2018. Such change in estimate occurred upon receiving the reporting of the actual character of the dividends received from the issuers of certain securities. If such change in estimate were excluded, per share Net Investment Income (Loss) and the ratios of Net Investment Income (Loss) to Average Net Assets for each share class would have been as follows: |
Per Share Net Investment Income (Loss)(a) | Ratios of Net Investment Income (Loss) to Average Net Assets Before Reimbursement | Ratios of Net Investment Income (Loss) to Average Net Assets After Reimbursement | |
Class A | $ 0.21 | 0.60% | 0.69% |
Class C | (0.01) | (0.12) | (0.03) |
Class I | 0.28 | 0.83 | 0.92 |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | 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 (12/06) | |||||||||
2020 | $ 5.15 | $0.12 | $(0.62) | $(0.50) | $(0.09) | $(0.60) | $(0.69) | $3.96 | |
2019 | 6.72 | 0.07 | (0.19) | (0.12) | (0.03) | (1.42) | (1.45) | 5.15 | |
2018 | 7.88 | 0.06 | 0.61 | 0.67 | (0.17) | (1.66) | (1.83) | 6.72 | |
2017 | 7.27 | 0.07 | 1.32 | 1.39 | (0.10) | (0.68) | (0.78) | 7.88 | |
2016 | 12.38 | 0.11 | (0.82) | (0.71) | (0.15) | (4.25) | (4.40) | 7.27 | |
Class C (12/06) | |||||||||
2020 | 4.36 | 0.07 | (0.51) | (0.44) | (0.04) | (0.60) | (0.64) | 3.28 | |
2019 | 5.95 | 0.02 | (0.19) | (0.17) | — | (1.42) | (1.42) | 4.36 | |
2018 | 7.16 | 0.01 | 0.54 | 0.55 | (0.10) | (1.66) | (1.76) | 5.95 | |
2017 | 6.66 | 0.01 | 1.21 | 1.22 | (0.04) | (0.68) | (0.72) | 7.16 | |
2016 | 11.71 | 0.03 | (0.78) | (0.75) | (0.05) | (4.25) | (4.30) | 6.66 | |
Class R3 (09/09) | |||||||||
2020 | 5.07 | 0.10 | (0.61) | (0.51) | (0.07) | (0.60) | (0.67) | 3.89 | |
2019 | 6.64 | 0.06 | (0.20) | (0.14) | (0.01) | (1.42) | (1.43) | 5.07 | |
2018 | 7.80 | 0.04 | 0.61 | 0.65 | (0.15) | (1.66) | (1.81) | 6.64 | |
2017 | 7.21 | 0.05 | 1.30 | 1.35 | (0.08) | (0.68) | (0.76) | 7.80 | |
2016 | 12.30 | 0.08 | (0.80) | (0.72) | (0.12) | (4.25) | (4.37) | 7.21 | |
Class I (12/06) | |||||||||
2020 | 5.17 | 0.13 | (0.62) | (0.49) | (0.10) | (0.60) | (0.70) | 3.98 | |
2019 | 6.75 | 0.08 | (0.19) | (0.11) | (0.05) | (1.42) | (1.47) | 5.17 | |
2018 | 7.91 | 0.08 | 0.61 | 0.69 | (0.19) | (1.66) | (1.85) | 6.75 | |
2017 | 7.29 | 0.09 | 1.33 | 1.42 | (0.12) | (0.68) | (0.80) | 7.91 | |
2016 | 12.41 | 0.13 | (0.82) | (0.69) | (0.18) | (4.25) | (4.43) | 7.29 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(12.08)% | $ 4,233 | 1.40% | 2.16% | 1.00% | 2.56% | 59% | |
1.96 | 4,395 | 1.27 | 0.99 | 1.00 | 1.26 | 35 | |
8.71 | 4,556 | 1.19 | 0.64 | 1.00 | 0.83 | 48 | |
19.64 | 6,473 | 1.18 | 0.88 | 1.18 | 0.88 | 46 | |
(5.68) | 10,249 | 1.19 | 1.17 | N/A | N/A | 32 | |
(12.62) | 1,758 | 2.15 | 1.41 | 1.75 | 1.82 | 59 | |
1.21 | 2,882 | 2.02 | 0.22 | 1.75 | 0.48 | 35 | |
7.86 | 4,275 | 1.94 | (0.11) | 1.75 | 0.08 | 48 | |
18.62 | 5,652 | 1.93 | 0.13 | 1.93 | 0.13 | 46 | |
(6.31) | 6,009 | 1.94 | 0.42 | N/A | N/A | 32 | |
(12.32) | 69 | 1.65 | 1.93 | 1.25 | 2.34 | 59 | |
1.65 | 79 | 1.52 | 0.75 | 1.25 | 1.01 | 35 | |
8.50 | 77 | 1.44 | 0.38 | 1.25 | 0.57 | 48 | |
19.22 | 75 | 1.43 | 0.64 | 1.42 | 0.65 | 46 | |
(5.85) | 62 | 1.44 | 0.93 | N/A | N/A | 32 | |
(11.81) | 13,196 | 1.15 | 2.40 | 0.75 | 2.81 | 59 | |
2.13 | 38,538 | 1.02 | 1.20 | 0.75 | 1.46 | 35 | |
8.96 | 60,371 | 0.94 | 0.89 | 0.75 | 1.08 | 48 | |
19.85 | 74,352 | 0.93 | 1.12 | 0.93 | 1.12 | 46 | |
(5.37) | 93,548 | 0.94 | 1.40 | N/A | N/A | 32 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | 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. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | 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 | For the periods presented herein, Fund did not have a contractual reimbursement agreement with the advisor prior to May 31, 2017. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | 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 (12/06) | |||||||||
2020 | $23.47 | $ 0.11 | $(3.45) | $(3.34) | $(0.08) | $ — | $(0.08) | $20.05 | |
2019 | 36.02 | 0.08 | (3.94) | (3.86) | — | (8.69) | (8.69) | 23.47 | |
2018 | 33.23 | (0.08) | 4.61 | 4.53 | (0.01) | (1.73) | (1.74) | 36.02 | |
2017 | 27.78 | 0.01 | 5.44 | 5.45 | — | — | — | 33.23 | |
2016 | 28.80 | (0.06) | (0.96) | (1.02) | — | — | — | 27.78 | |
Class C (12/06) | |||||||||
2020 | 20.33 | (0.03) | (3.01) | (3.04) | — | — | — | 17.29 | |
2019 | 32.87 | (0.12) | (3.73) | (3.85) | — | (8.69) | (8.69) | 20.33 | |
2018 | 30.68 | (0.32) | 4.24 | 3.92 | — | (1.73) | (1.73) | 32.87 | |
2017 | 25.84 | (0.22) | 5.06 | 4.84 | — | — | — | 30.68 | |
2016 | 26.98 | (0.25) | (0.89) | (1.14) | — | — | — | 25.84 | |
Class R3 (09/09) | |||||||||
2020 | 22.39 | 0.06 | (3.31) | (3.25) | (0.02) | — | (0.02) | 19.12 | |
2019 | 34.94 | 0.01 | (3.87) | (3.86) | — | (8.69) | (8.69) | 22.39 | |
2018 | 32.35 | (0.17) | 4.49 | 4.32 | — | (1.73) | (1.73) | 34.94 | |
2017 | 27.11 | (0.08) | 5.32 | 5.24 | — | — | — | 32.35 | |
2016 | 28.17 | (0.12) | (0.94) | (1.06) | — | — | — | 27.11 | |
Class R6 (06/16) | |||||||||
2020 | 24.15 | 0.21 | (3.54) | (3.33) | (0.18) | — | (0.18) | 20.64 | |
2019 | 36.62 | 0.20 | (3.98) | (3.78) | — | (8.69) | (8.69) | 24.15 | |
2018 | 33.70 | 0.06 | 4.69 | 4.75 | (0.10) | (1.73) | (1.83) | 36.62 | |
2017 | 28.05 | (0.08) | 5.73 | 5.65 | — | — | — | 33.70 | |
2016(e) | 28.05 | — | — | — | — | — | — | 28.05 | |
Class I (12/06) | |||||||||
2020 | 23.99 | 0.19 | (3.55) | (3.36) | (0.14) | — | (0.14) | 20.49 | |
2019 | 36.50 | 0.16 | (3.98) | (3.82) | — | (8.69) | (8.69) | 23.99 | |
2018 | 33.65 | 0.01 | 4.67 | 4.68 | (0.10) | (1.73) | (1.83) | 36.50 | |
2017 | 28.05 | 0.08 | 5.52 | 5.60 | — | — | — | 33.65 | |
2016 | 29.01 | —* | (0.96) | (0.96) | — | — | — | 28.05 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
(14.29)% | $ 2,599 | 1.85% | (0.01)% | 1.31% | 0.54% | 58% | |
(6.42) | 3,137 | 1.73 | (0.13) | 1.31 | 0.29 | 54 | |
13.98 | 4,512 | 1.53 | (0.46) | 1.31 | (0.24) | 49 | |
19.62 | 5,529 | 1.43 | (0.08) | 1.31 | 0.03 | 88 | |
(3.54) | 9,699 | 1.42 | (0.34) | 1.31 | (0.23) | 49 | |
(14.95) | 763 | 2.60 | (0.73) | 2.06 | (0.19) | 58 | |
(7.13) | 1,374 | 2.48 | (0.90) | 2.06 | (0.47) | 54 | |
13.12 | 3,194 | 2.29 | (1.22) | 2.06 | (0.99) | 49 | |
18.73 | 3,078 | 2.18 | (0.87) | 2.06 | (0.74) | 88 | |
(4.26) | 2,724 | 2.17 | (1.09) | 2.06 | (0.98) | 49 | |
(14.52) | 304 | 2.10 | (0.23) | 1.56 | 0.32 | 58 | |
(6.65) | 541 | 1.98 | (0.38) | 1.56 | 0.04 | 54 | |
13.69 | 767 | 1.78 | (0.72) | 1.56 | (0.50) | 49 | |
19.33 | 874 | 1.68 | (0.39) | 1.56 | (0.26) | 88 | |
(3.76) | 653 | 1.68 | (0.57) | 1.56 | (0.46) | 49 | |
(13.93) | 8,747 | 1.43 | 0.42 | 0.88 | 0.96 | 58 | |
(6.03) | 9,691 | 1.32 | 0.29 | 0.90 | 0.72 | 54 | |
14.44 | 9,629 | 1.13 | (0.07) | 0.89 | 0.17 | 49 | |
20.14 | 5,820 | 1.05 | (0.39) | 0.90 | (0.24) | 88 | |
0.00 | 25 | — | — | — | — | — | |
(14.07) | 8,457 | 1.60 | 0.34 | 1.06 | 0.89 | 58 | |
(6.19) | 8,874 | 1.48 | 0.13 | 1.06 | 0.55 | 54 | |
14.25 | 20,522 | 1.25 | (0.18) | 1.06 | 0.02 | 49 | |
19.96 | 44,750 | 1.18 | 0.12 | 1.06 | 0.24 | 88 | |
(3.31) | 40,624 | 1.17 | (0.09) | 1.06 | 0.02 | 49 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | 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. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, when applicable. See Note 7 – Management Fees and Other Transactions with Affiliates, for more information. |
(d) | 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. |
(e) | Class R6 Shares commenced operations at the close of business on June 30, 2016. |
* | Rounds to less than $.01 per share. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended June 30, | 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 (12/04) | |||||||||
2020 | $42.97 | $ 0.11 | $(6.36) | $(6.25) | $(0.01) | $(2.73) | $(2.74) | $33.98 | |
2019 | 55.23 | 0.03 | (7.03) | (7.00) | — | (5.26) | (5.26) | 42.97 | |
2018 | 49.16 | (0.16) | 8.34 | 8.18 | — | (2.11) | (2.11) | 55.23 | |
2017 | 42.06 | (0.16) | 8.62 | 8.46 | — | (1.36) | (1.36) | 49.16 | |
2016 | 44.06 | (0.19) | (1.75) | (1.94) | — | (0.06) | (0.06) | 42.06 | |
Class C (12/04) | |||||||||
2020 | 37.99 | (0.16) | (5.53) | (5.69) | — | (2.73) | (2.73) | 29.57 | |
2019 | 49.96 | (0.28) | (6.43) | (6.71) | — | (5.26) | (5.26) | 37.99 | |
2018 | 44.98 | (0.50) | 7.59 | 7.09 | — | (2.11) | (2.11) | 49.96 | |
2017 | 38.87 | (0.48) | 7.95 | 7.47 | — | (1.36) | (1.36) | 44.98 | |
2016 | 41.03 | (0.46) | (1.64) | (2.10) | — | (0.06) | (0.06) | 38.87 | |
Class R3 (09/09) | |||||||||
2020 | 42.06 | —* | (6.19) | (6.19) | — | (2.73) | (2.73) | 33.14 | |
2019 | 54.33 | (0.10) | (6.91) | (7.01) | — | (5.26) | (5.26) | 42.06 | |
2018 | 48.51 | (0.28) | 8.21 | 7.93 | — | (2.11) | (2.11) | 54.33 | |
2017 | 41.62 | (0.29) | 8.54 | 8.25 | — | (1.36) | (1.36) | 48.51 | |
2016 | 43.71 | (0.28) | (1.75) | (2.03) | — | (0.06) | (0.06) | 41.62 | |
Class R6 (02/13) | |||||||||
2020 | 44.93 | 0.28 | (6.63) | (6.35) | (0.19) | (2.73) | (2.92) | 35.66 | |
2019 | 57.24 | 0.22 | (7.27) | (7.05) | — | (5.26) | (5.26) | 44.93 | |
2018 | 50.67 | 0.05 | 8.63 | 8.68 | — | (2.11) | (2.11) | 57.24 | |
2017 | 43.13 | 0.04 | 8.86 | 8.90 | — | (1.36) | (1.36) | 50.67 | |
2016 | 45.00 | —* | (1.81) | (1.81) | — | (0.06) | (0.06) | 43.13 | |
Class I (12/04) | |||||||||
2020 | 44.43 | 0.20 | (6.57) | (6.37) | (0.12) | (2.73) | (2.85) | 35.21 | |
2019 | 56.75 | 0.16 | (7.22) | (7.06) | — | (5.26) | (5.26) | 44.43 | |
2018 | 50.34 | (0.03) | 8.55 | 8.52 | — | (2.11) | (2.11) | 56.75 | |
2017 | 42.93 | (0.06) | 8.83 | 8.77 | — | (1.36) | (1.36) | 50.34 | |
2016 | 44.86 | (0.09) | (1.78) | (1.87) | — | (0.06) | (0.06) | 42.93 |
Ratios/Supplemental Data | ||||
Ratios to Average Net Assets(c) | ||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) |
(15.95)% | $ 24,846 | 1.35% | 0.28% | 43% |
(11.47) | 66,539 | 1.24 | 0.07 | 62 |
16.94 | 82,161 | 1.27 | (0.31) | 67 |
20.12 | 82,559 | 1.30 | (0.34) | 57 |
(4.37) | 90,656 | 1.38 | (0.46) | 39 |
(16.58) | 7,644 | 2.10 | (0.49) | 43 |
(12.14) | 13,419 | 1.99 | (0.68) | 62 |
16.05 | 21,723 | 2.01 | (1.05) | 67 |
19.21 | 23,251 | 2.05 | (1.10) | 57 |
(5.08) | 24,886 | 2.13 | (1.20) | 39 |
(16.15) | 2,104 | 1.60 | 0.01 | 43 |
(11.68) | 4,832 | 1.49 | (0.21) | 62 |
16.62 | 7,929 | 1.51 | (0.55) | 67 |
19.82 | 7,945 | 1.55 | (0.61) | 57 |
(4.61) | 7,532 | 1.64 | (0.69) | 39 |
(15.55) | 6,315 | 0.91 | 0.70 | 43 |
(11.12) | 10,899 | 0.86 | 0.46 | 62 |
17.41 | 11,093 | 0.85 | 0.10 | 67 |
20.64 | 9,284 | 0.86 | 0.09 | 57 |
(3.99) | 8,584 | 0.98 | 0.01 | 39 |
(15.75) | 154,309 | 1.10 | 0.51 | 43 |
(11.26) | 456,623 | 0.99 | 0.33 | 62 |
17.22 | 642,477 | 1.01 | (0.05) | 67 |
20.43 | 590,033 | 1.05 | (0.12) | 57 |
(4.13) | 467,821 | 1.13 | (0.20) | 39 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | 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. |
(c) | The Fund has a contractual fee waiver/expense reimbursement agreement with the Adviser, but did not receive a fee waiver/expense reimbursement during the periods presented herein. See Note 7 - Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | 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 less than $.01 per share. |
NWQ Global Equity Income | Value | % of Net Assets |
Country: | ||
Germany | $22,143,700 | 15.8% |
Japan | 12,228,909 | 8.7 |
United Kingdom | 9,720,885 | 6.9 |
France | 7,492,795 | 5.4 |
South Korea | 6,292,516 | 4.5 |
Belgium | 2,874,409 | 2.1 |
Singapore | 2,189,976 | 1.6 |
Netherlands | 2,125,727 | 1.5 |
China | 1,962,783 | 1.4 |
Other | 5,661,677 | 4.1 |
Total non-U.S. securities | $72,693,377 | 52.0% |
NWQ International Value | Value | % of Net Assets |
Country: | ||
Japan | $ 28,278,919 | 25.5% |
Germany | 18,061,796 | 16.3 |
United Kingdom | 11,074,486 | 10.0 |
Netherlands | 8,045,305 | 7.2 |
South Korea | 7,620,698 | 6.9 |
France | 6,975,732 | 6.3 |
Switzerland | 6,864,548 | 6.2 |
Belgium | 3,938,699 | 3.5 |
Singapore | 3,252,938 | 2.9 |
Other | 11,065,693 | 9.9 |
Total non-U.S. securities | $105,178,814 | 94.7% |
NWQ Global Equity Income | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $68,010,703 | $63,702,914** | $ — | $131,713,617 |
Convertible Preferred Securities | 6,685,477 | — | — | 6,685,477 |
Total | $74,696,180 | $63,702,914 | $ — | $138,399,094 |
NWQ International Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $19,725,381 | $89,494,042** | $ — | $109,219,423 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 1,501,911 | — | 1,501,911 |
Total | $19,725,381 | $90,995,953 | $ — | $110,721,334 |
NWQ Multi-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $55,095,896 | $ — | $ — | $55,095,896 |
Common Stock Rights | 1,111 | — | — | 1,111 |
Total | $55,097,007 | $ — | $ — | $55,097,007 |
NWQ Large-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $18,897,254 | $ — | $ — | $18,897,254 |
Common Stock Rights | 359 | — | — | 359 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 349,252 | — | 349,252 |
Total | $18,897,613 | $349,252 | $ — | $19,246,865 |
NWQ Small/Mid-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $19,625,068 | $ — | $ — | $19,625,068 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 1,642,392 | — | 1,642,392 |
Total | $19,625,068 | $1,642,392 | $ — | $21,267,460 |
NWQ Small-Cap Value | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $190,857,030 | $ — | $ — | $190,857,030 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 3,763,303 | — | 3,763,303 |
Total | $190,857,030 | $3,763,303 | $ — | $194,620,333 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
** | Refer to the Fund's Portfolio of Investments for securities classified as Level 2. |
Fund | Counterparty | Short-Term Investments, at Value | Collateral Pledged (From) Counterparty* | Net Exposure |
NWQ International Value Fund | Fixed Income Clearing Corporation | $1,501,911 | $(1,501,911) | $ — |
NWQ Large-Cap Value | Fixed Income Clearing Corporation | 349,252 | (349,252) | — |
NWQ Small/Mid-Cap Value | Fixed Income Clearing Corporation | 1,642,392 | (1,642,392) | — |
NWQ Small-Cap Value | Fixed Income Clearing Corporation | 3,763,303 | (3,763,303) | — |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Purchases | $ 90,701,267 | $ 38,849,779 | $38,381,130 | $21,817,046 | $12,872,053 | $161,239,155 |
Sales and maturities | 130,902,506 | 153,927,828 | 51,506,175 | 42,460,893 | 12,401,041 | 419,907,550 |
NWQ Global Equity Income | |
Average notional amount of outstanding options written* | $0 |
Fund | Underlying Risk Exposure | Derivative Instrument | Net RealizedGain (Loss) from Options Written | Change in Net Unrealized Appreciation (Depreciation) of Options Written |
NWQ Global Equity Income | Equity price | Options written | $62,265 | $ — |
Year Ended 6/30/20 | Year Ended 6/30/19 | ||||
NWQ Global Equity Income | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 622,088 | $ 15,874,130 | 778,229 | $ 21,108,373 | |
Class A – automatic conversion of Class C Shares | 5,470 | 145,931 | 9,163 | 250,163 | |
Class C | 5,049 | 123,856 | 15,721 | 412,794 | |
Class R3 | 3,295 | 78,065 | 7,360 | 190,925 | |
Class I | 348,559 | 8,830,076 | 403,209 | 10,804,122 | |
Class T(1) | — | — | — | — | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 87,786 | 2,061,101 | 208,185 | 5,209,913 | |
Class C | 14,057 | 331,546 | 67,002 | 1,659,600 | |
Class R3 | 525 | 12,254 | 1,286 | 32,148 | |
Class I | 59,328 | 1,400,240 | 143,481 | 3,596,639 | |
Class T(1) | — | — | — | �� | |
1,146,157 | 28,857,199 | 1,633,636 | 43,264,677 | ||
Shares redeemed: | |||||
Class A | (1,156,215) | (28,840,988) | (1,435,718) | (37,839,595) | |
Class C | (816,149) | (20,603,778) | (1,123,707) | (30,028,575) | |
Class C – automatic conversion to Class A Shares | (5,485) | (145,931) | (9,185) | (250,163) | |
Class R3 | (19,185) | (488,912) | (13,089) | (338,996) | |
Class I | (906,880) | (22,320,910) | (1,183,341) | (30,904,869) | |
Class T(1) | — | — | (919) | (23,190) | |
(2,903,914) | (72,400,519) | (3,765,959) | (99,385,388) | ||
Net increase (decrease) | (1,757,757) | $(43,543,320) | (2,132,323) | $(56,120,711) |
(1) | Class T Shares were not available for public offering. |
Year Ended 6/30/20 | Year Ended 6/30/19 | ||||
NWQ International Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 144,734 | $ 3,155,152 | 319,073 | $ 7,685,483 | |
Class A – automatic conversion of Class C Shares | — | — | 5,681 | 142,233 | |
Class C | 4,492 | 97,867 | 7,181 | 157,381 | |
Class R3 | 16,427 | 357,832 | 18,907 | 443,686 | |
Class I | 838,110 | 17,489,532 | 2,672,117 | 61,831,894 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 24,604 | 593,941 | 11,363 | 238,747 | |
Class C | 1,456 | 33,566 | 610 | 12,258 | |
Class R3 | 722 | 17,576 | 326 | 6,907 | |
Class I | 228,746 | 5,540,231 | 147,815 | 3,115,943 | |
1,259,291 | 27,285,697 | 3,183,073 | 73,634,532 | ||
Shares redeemed: | |||||
Class A | (284,696) | (6,207,432) | (410,523) | (9,475,463) | |
Class C | (92,950) | (1,978,088) | (281,899) | (6,524,926) | |
Class C – automatic conversion to Class A Shares | — | — | (5,973) | (142,233) | |
Class R3 | (35,273) | (765,049) | (21,154) | (495,614) | |
Class I | (5,827,938) | (130,342,457) | (3,456,461) | (80,371,822) | |
(6,240,857) | (139,293,026) | (4,176,010) | (97,010,058) | ||
Net increase (decrease) | (4,981,566) | $(112,007,329) | (992,937) | $(23,375,526) |
Year Ended 6/30/20 | Year Ended 6/30/19 | ||||
NWQ Multi-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 27,163 | $ 831,217 | 611,991 | $ 19,529,905 | |
Class A – automatic conversion of Class C Shares | — | — | 7,212 | 232,170 | |
Class C | 9,896 | 294,603 | 13,625 | 399,412 | |
Class R3(2) | 18 | 589 | 848 | 25,841 | |
Class I | 94,046 | 2,728,559 | 164,869 | 5,140,580 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 11,379 | 386,309 | — | — | |
Class C | 270 | 8,599 | — | — | |
Class R3(2) | — | — | — | — | |
Class I | 14,127 | 483,275 | — | — | |
156,899 | 4,733,151 | 798,545 | 25,327,908 | ||
Shares redeemed: | |||||
Class A | (261,055) | (7,900,748) | (265,308) | (8,229,225) | |
Class C | (33,617) | (949,685) | (623,582) | (18,789,692) | |
Class C – automatic conversion to Class A Shares | — | — | (7,665) | (232,170) | |
Class R3(2) | (2,716) | (87,803) | (133) | (4,131) | |
Class I | (395,603) | (11,417,365) | (234,810) | (7,283,437) | |
(692,991) | (20,355,601) | (1,131,498) | (34,538,655) | ||
Net increase (decrease) | (536,092) | $(15,622,450) | (332,953) | $ (9,210,747) |
(2) | Effective August 5, 2019, Class R3 Shares of NWQ Multi-Cap Value are no longer being offered for sale. |
Year Ended 6/30/20 | Year Ended 6/30/19 | ||||
NWQ Large-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 354,482 | $ 1,507,248 | 262,431 | $ 1,307,006 | |
Class A – automatic conversion of Class C Shares | — | — | 26,921 | 181,682 | |
Class C | 51,999 | 222,083 | 43,712 | 205,716 | |
Class I | 966,472 | 4,118,122 | 816,384 | 4,526,775 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 115,189 | 559,866 | 196,051 | 863,725 | |
Class C | 94,967 | 380,680 | 216,662 | 805,983 | |
Class R3 | 2,211 | 10,558 | 3,853 | 16,677 | |
Class I | 915,103 | 4,472,648 | 2,147,477 | 9,519,941 | |
2,500,423 | 11,271,205 | 3,713,491 | 17,427,505 | ||
Shares redeemed: | |||||
Class A | (254,333) | (1,178,132) | (309,754) | (1,774,431) | |
Class C | (271,314) | (1,012,392) | (287,156) | (1,361,335) | |
Class C – automatic conversion to Class A Shares | — | — | (30,390) | (181,682) | |
Class R3 | (3) | (13) | — | — | |
Class I | (6,018,921) | (25,610,392) | (4,457,866) | (26,318,649) | |
(6,544,571) | (27,800,929) | (5,085,166) | (29,636,097) | ||
Net increase (decrease) | (4,044,148) | $(16,529,724) | (1,371,675) | $(12,208,592) |
Year Ended 6/30/20 | Year Ended 6/30/19 | ||||
NWQ Small/Mid-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 25,443 | $ 540,705 | 41,558 | $ 1,182,252 | |
Class A – automatic conversion of Class C Shares | — | — | 268 | 9,739 | |
Class C | 4,020 | 81,806 | 28,914 | 550,654 | |
Class R3 | 1,977 | 45,279 | 6,821 | 146,076 | |
Class R6 | 168,348 | 3,814,627 | 137,160 | 3,655,022 | |
Class I | 414,155 | 9,320,704 | 150,499 | 4,061,741 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 343 | 8,662 | 40,904 | 815,194 | |
Class C | — | — | 34,968 | 605,997 | |
Class R3 | 14 | 334 | 5,369 | 102,174 | |
Class R6 | 2,861 | 74,018 | 108,198 | 2,213,728 | |
Class I | 2,120 | 54,515 | 187,767 | 3,819,190 | |
619,281 | 13,940,650 | 742,426 | 17,161,767 | ||
Shares redeemed: | |||||
Class A | (29,770) | (645,695) | (74,347) | (2,000,947) | |
Class C | (27,507) | (536,103) | (93,156) | (2,112,542) | |
Class C – automatic conversion to Class A Shares | — | — | (294) | (9,739) | |
Class R3 | (10,230) | (226,901) | (9,971) | (273,987) | |
Class R6 | (148,637) | (3,366,219) | (107,069) | (3,043,036) | |
Class I | (373,549) | (9,004,965) | (530,677) | (13,492,488) | |
(589,693) | (13,779,883) | (815,514) | (20,932,739) | ||
Net increase (decrease) | 29,588 | $ 160,767 | (73,088) | $ (3,770,972) |
Year Ended 6/30/20 | Year Ended 6/30/19 | ||||
NWQ Small-Cap Value | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 175,052 | $ 6,835,666 | 593,975 | $ 26,454,692 | |
Class A – automatic conversion of Class C Shares | — | — | 2,077 | 116,325 | |
Class C | 31,930 | 1,181,204 | 61,304 | 2,396,937 | |
Class R3 | 20,998 | 776,149 | 306,258 | 16,150,341 | |
Class R6 | 368,855 | 17,044,216 | 90,480 | 4,088,822 | |
Class I | 1,791,421 | 71,325,938 | 3,656,466 | 168,055,501 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 48,977 | 2,133,928 | 179,789 | 6,844,564 | |
Class C | 18,820 | 716,456 | 51,261 | 1,732,639 | |
Class R3 | 2,499 | 106,326 | 27,801 | 1,037,550 | |
Class R6 | 22,059 | 1,010,576 | 19,089 | 758,430 | |
Class I | 513,460 | 23,213,073 | 1,414,470 | 55,616,942 | |
2,994,071 | 124,343,532 | 6,402,970 | 283,252,743 | ||
Shares redeemed: | |||||
Class A | (1,041,299) | (43,111,310) | (714,805) | (32,128,608) | |
Class C | (145,455) | (4,977,208) | (191,878) | (7,963,259) | |
Class C – automatic conversion to Class A Shares | — | — | (2,297) | (116,325) | |
Class R3 | (74,868) | (2,932,323) | (365,123) | (15,053,499) | |
Class R6 | (456,369) | (20,266,869) | (60,786) | (2,868,562) | |
Class I | (8,199,620) | (319,510,838) | (6,114,452) | (276,380,424) | |
(9,917,611) | (390,798,548) | (7,449,341) | (334,510,677) | ||
Net increase (decrease) | (6,923,540) | $(266,455,016) | (1,046,371) | $ (51,257,934) |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Tax cost of investments | $127,842,636 | $100,090,336 | $58,434,891 | $16,121,807 | $19,761,141 | $181,263,479 |
Gross unrealized: | ||||||
Appreciation | $ 21,018,954 | $ 26,399,555 | $ 4,678,214 | $ 4,316,717 | $ 3,325,051 | $ 36,907,672 |
Depreciation | (10,462,496) | (15,768,557) | (8,016,098) | (1,191,659) | (1,818,732) | (23,550,818) |
Net unrealized appreciation (depreciation) of investments | $ 10,556,458 | $ 10,630,998 | $ (3,337,884) | $ 3,125,058 | $ 1,506,319 | $ 13,356,854 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Undistributed net ordinary income1, 2 | $2,231,341 | $2,540,508 | $734,015 | $ 531,610 | $69,063 | $1,676,033 |
Undistributed net long-term capital gains | — | — | — | 1,384,932 | — | — |
1 | Undistributed net ordinary income (on a tax basis) for NWQ Global Equity Income has not been reduced for the dividend declared on June 30, 2020 and paid on July 1, 2020. |
2 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
2020 | NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value |
Distributions from net ordinary income2 | $4,042,739 | $6,312,884 | $955,395 | $ 798,565 | $140,505 | $ 1,108,095 |
Distributions from net long-term capital gains | — | — | — | 4,697,127 | — | 27,502,166 |
2019 | NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value |
Distributions from net ordinary income2 | $5,975,897 | $3,439,018 | $ — | $ 401,531 | $1,091,245 | $ 4,675,365 |
Distributions from net long-term capital gains | 5,631,773 | — | — | 11,024,705 | 6,759,721 | 65,123,051 |
2 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
NWQ Global Equity Income3 | NWQ International Value | NWQ Multi-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Not subject to expiration: | |||||
Short-term | $ 8,668,285 | $ 11,471,041 | $ 2,205,017 | $1,028,116 | $36,992,518 |
Long-term | 249,105,382 | 206,390,089 | 12,496,716 | — | — |
Total | $257,773,667 | $217,861,130 | $14,701,733 | $1,028,116 | $36,992,518 |
3 | NWQ Global Equity Income's capital loss carryforward is subject to significant limitations under the Internal Revenue Code and related regulations. In particular, it is expected that the Fund will only be able to annually utilize approximately $4 million of its outstanding capital loss carryforward for the next eighteen years, at which point the annual limitation will further be reduced to approximately $1.2 million. |
Average Daily Net Assets | NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value |
For the first $125 million | 0.5500% | 0.5500% | 0.5500% | 0.5000% | 0.6000% | 0.6500% |
For the next $125 million | 0.5375 | 0.5375 | 0.5375 | 0.4875 | 0.5875 | 0.6375 |
For the next $250 million | 0.5250 | 0.5250 | 0.5250 | 0.4750 | 0.5750 | 0.6250 |
For the next $500 million | 0.5125 | 0.5125 | 0.5125 | 0.4625 | 0.5625 | 0.6125 |
For the next $1 billion | 0.5000 | 0.5000 | 0.5000 | 0.4500 | 0.5500 | 0.6000 |
For the next $3 billion | 0.4750 | 0.4750 | 0.4750 | 0.4250 | 0.5250 | 0.5750 |
For the next $2.5 billion | 0.4500 | 0.4500 | 0.4500 | 0.4000 | 0.5000 | 0.5500 |
For the next $2.5 billion | 0.4375 | 0.4375 | 0.4375 | 0.3875 | 0.4875 | 0.5375 |
For net assets over $10 billion | 0.4250 | 0.4250 | 0.4250 | 0.3750 | 0.4750 | 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 | Temporary Expense Cap | Temporary Expense Cap Expiration Date | Permanent Expense Cap |
NWQ Global Equity Income | 0.90% | July 31, 2022 | N/A |
NWQ International Value | 0.94 | July 31, 2022 | N/A |
NWQ Multi-Cap Value | 0.94 | July 31, 2022 | N/A |
NWQ Large-Cap Value | 0.79 | July 31, 2022 | 1.35% |
NWQ Small/Mid-Cap Value | 1.10 | July 31, 2022 | 1.45 |
NWQ Small-Cap Value | N/A | N/A | 1.50 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Sales charges collected (Unaudited) | $17,025 | $2,047 | $4,957 | $7,995 | $3,036 | $4,854 |
Paid to financial intermediaries (Unaudited) | 14,904 | 1,767 | 4,355 | 7,035 | 2,656 | 4,266 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Commission advances (Unaudited) | $619 | $473 | $314 | $1,630 | $430 | $10,332 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
12b-1 fees retained (Unaudited) | $10,421 | $1,127 | $1,672 | $1,069 | $739 | $11,856 |
NWQ Global Equity Income | NWQ International Value | NWQ Multi-Cap Value | NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
CDSC retained (Unaudited) | $8,065 | $63 | $496 | $ — | $207 | $1,169 |
NWQ Large-Cap Value | NWQ Small/Mid-Cap Value | NWQ Small-Cap Value | |
Nuveen owned shares | —%* | —%* | —%* |
* | Rounds to less than 1%. |
NWQ Large-Cap Value | NWQ Small-Cap Value | |
Long-Term Capital Gain Dividends | $5,003,233 | $27,502,166 |
% of DRD | % of QDI | |
Nuveen NWQ Global Equity Income Fund | 41.7% | 100.0% |
Nuveen NWQ International Value Fund | 0.0% | 100.0% |
Nuveen NWQ Multi-Cap Value Fund | 100.0% | 100.0% |
Nuveen NWQ Large-Cap Value Fund | 100.0% | 100.0% |
Nuveen NWQ Small/Mid-Cap Value Fund | 100.0% | 100.0% |
Nuveen NWQ Small-Cap Value Fund | 100.0% | 100.0% |
• | 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 enhance the shareholder outcomes through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new share classes; reviewing and updating investment policies and benchmarks; closing funds to new investments; rebranding the exchange-traded fund (“ETF”) product line; and integrating certain investment teams and changing the portfolio managers serving various funds; |
• | Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to facilitate modifications to the strategies or structure of existing funds; |
• | Liquidity Management – implementing the liquidity risk management program which was designed to assess and manage the liquidity risk of the Nuveen funds. The Board noted that this program was particularly helpful in addressing the high volatility and liquidity challenges that arose in the market, particularly for the high yield municipal sector, during the first half of 2020; |
• | Compliance Program Initiatives – continuing efforts to mitigate compliance risk, increase operating efficiencies, strengthen key compliance program elements and support international business growth and other objectives through, among other things, integrating various investment teams across affiliates, consolidating marketing review functions, enhancing compliance related technologies and establishing and maintaining shared broad-based compliance policies throughout the organization and its affiliates; |
• | Risk Management and Valuation Services – continuing efforts to provide Nuveen with a more disciplined and consistent approach to identifying and mitigating the firm’s operational risks through, among other things, enhancing the interaction and reporting between the investment risk management team and various affiliates and adopting a risk operational framework across the complex; |
• | Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of 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 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 Services – continuing to periodically test business continuity and disaster recovery plans, 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 |
• | Expanded 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 investing resources to develop systems to assist in the process for newer products such as target term funds and ETFs. |
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 Trustee |
Independent Trustees (2): | ||||
Terence J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 | Chairman and Trustee | 2008 | Formerly, a Co-Founding Partner, Promus Capital (2008-2017); Director, Quality Control Corporation (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (since 2012), and chair of its investment committee; formerly, Director, Fulcrum IT Services LLC (2010-2019); formerly, Director, Legal & General Investment Management America, Inc. (2008-2013); formerly, CEO and President, Northern Trust Global Investments (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (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). | 154 |
Jack B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, a private philanthropic corporation; Director and Chairman, United Fire Group, a publicly held company; Director, Public member, American Board of Orthopaedic Surgery (since 2015); Life Trustee of Coe College and the Iowa College Foundation; formerly, President Pro-Tem of the Board of Regents for the State of Iowa University System; formerly, Director, Alliant Energy and The Gazette Company; formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc., a regional financial services firm. | 154 |
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 Trustee |
William C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 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; 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. | 154 |
Albin F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, a management consulting firm (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., a 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., 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 (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (1996-1997); formerly, various executive positions (1991-1996) and Chief Executive Officer (1995-1996) of Zenith Electronics Corporation. | 154 |
John K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2013 | Member of Board of Directors of Core12 LLC. (since 2008), a private firm which develops branding, marketing and communications strategies for clients; 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. | 154 |
Judith M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1997 | Board Member, Land Trust Alliance (since 2013); formerly, Board Member, U.S. Endowment for Forestry and Communities (2013-2019); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation; prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994). | 154 |
Carole E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); former Director, Cboe Global Markets, Inc., formerly, CBOE Holdings, Inc. (2010-May 2020); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 154 |
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 Trustee |
Margaret L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 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 (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. | 154 |
Robert L. Young 1963 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (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. (formerly, One Group Dealer Services, Inc.) (1999-2017). | 154 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (3) | Principal Occupation(s) During Past 5 Years | |
Officers of the Funds: | ||||
Greg A. Bottjer 1971 333 W. Wacker Drive Chicago, IL 60606 | Chief Administrative Officer | 2016 | Senior (since 2017) Managing Director (since 2011), formerly, Senior Vice President (2007-2010) of Nuveen; Senior (since 2017) Managing Director (since 2016) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Mark J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 | Vice President and Assistant Secretary | 2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors (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 (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); Associate General Counsel of Jackson National Asset Management (2012-2017). | |
Nathaniel T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Treasurer | 2016 | Managing Director (since 2017), formerly, Senior Vice President (2016-2017), formerly, Vice President (2011- 2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Walter M. Kelly 1970 333 W. Wacker Drive Chicago, IL 60606 | Chief Compliance Officer and Vice President | 2003 | Managing Director (since 2017), formerly, Senior Vice President (2008-2017) of Nuveen Investments Holdings, Inc. | |
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. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (3) | Principal Occupation(s) During Past 5 Years | |
Brian J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, 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. | |
Jacques M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen, LLC (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) (from 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), Secretary (since 2016) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC, formerly, Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC, formerly Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Investments Advisers, LLC, formerly Executive Vice President (2016-2017); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Symphony Asset Management, 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 | 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 100 Park Avenue New York, NY 10016 | Vice President | 2020 | Executive Vice President, Global Head of Product at Nuveen (since November 2019); Co-Chief Executive Officer of Nuveen Securities, LLC (since March 2020); Managing Member MDR Collaboratory LLC (since 2018); 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 Secretary | 2008 | Managing Director (since 2017) and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2017), formerly, Senior Vice President (2016-2017), Co-General Counsel (since 2019) and Assistant Secretary (since 2016) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Senior Vice President (2012-2017) and Associate General Counsel (since 2016), formerly, 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. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (3) | Principal Occupation(s) During Past 5 Years | |
E. Scott Wickerham 1973 TIAA 730 Third Avenue New York, NY 10017 | Vice President and Controller | 2019 | Senior Managing Director, Head of Fund Administration at Nuveen, LLC (since 2019), formerly, Managing Director; Senior Managing Director (since 2019), Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the Treasurer (since 2017) to the CREF Accounts; Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. | |
Gifford R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 1988 | Managing Director (since 2002), and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2004) and Assistant Secretary (since 1994) of Nuveen Investments, Inc.; Managing Director (since 2002), Assistant Secretary (since 1997) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC; Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2011); Vice President (since 2017), formerly, Managing Director (2003-2017) and Assistant Secretary (since 2003) of Symphony Asset Management LLC ; Managing Director and Assistant Secretary (since 2002) of Nuveen Investments Advisers, LLC; Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (since 2002), Santa Barbara Asset Management, LLC (since 2006) and of Winslow Capital Management, LLC, (since 2010); 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 and William C. Hunter, 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.
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
The following tables show the amount of fees that PricewaterhouseCoopers LLP, 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 LLP, 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 June 30, 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 NWQ Global Equity Income Fund | 30,295 | 0 | 16,325 | 0 | ||||||||||||
Nuveen NWQ Multi-Cap Value Fund | 14,920 | 0 | 0 | 0 | ||||||||||||
Nuveen NWQ Small-Cap Value Fund | 15,845 | 0 | 5,000 | 0 | ||||||||||||
Nuveen NWQ Large-Cap Value Fund | 14,805 | 0 | 5,000 | 0 | ||||||||||||
Nuveen NWQ Small/Mid-Cap Value Fund | 14,755 | 0 | 0 | 0 | ||||||||||||
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|
|
|
| |||||||||
Total | $ | 90,620 | $ | 0 | $ | 26,325 | $ | 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 NWQ Global Equity Income Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Multi-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Small-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Large-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Small/Mid-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended June 30, 2019 | 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 NWQ Global Equity Income Fund | 29,960 | 0 | 24,034 | 0 | ||||||||||||
Nuveen NWQ Multi-Cap Value Fund | 14,675 | 0 | 3,555 | 0 | ||||||||||||
Nuveen NWQ Small-Cap Value Fund | 16,870 | 0 | 3,555 | 0 | ||||||||||||
Nuveen NWQ Large-Cap Value Fund | 14,530 | 0 | 2,970 | 0 | ||||||||||||
Nuveen NWQ Small/Mid-Cap Value Fund | 14,425 | 0 | 3,555 | 0 | ||||||||||||
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|
|
|
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|
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| |||||||||
Total | $ | 90,460 | $ | 0 | $ | 37,669 | $ | 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 NWQ Global Equity Income Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Multi-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Small-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Large-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
Nuveen NWQ Small/Mid-Cap Value Fund | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended June 30, 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 Trust | $ | 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 June 30, 2019 | 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 Trust | $ | 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 June 30, 2020 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen NWQ Global Equity Income Fund | 16,325 | 0 | 0 | 16,325 | ||||||||||||
Nuveen NWQ Multi-Cap Value Fund | 0 | 0 | 0 | 0 | ||||||||||||
Nuveen NWQ Small-Cap Value Fund | 5,000 | 0 | 0 | 5,000 | ||||||||||||
Nuveen NWQ Large-Cap Value Fund | 5,000 | 0 | 0 | 5,000 | ||||||||||||
Nuveen NWQ Small/Mid-Cap Value Fund | 0 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 26,325 | $ | 0 | $ | 0 | $ | 26,325 |
“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 June 30, 2019 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen NWQ Global Equity Income Fund | 24,034 | 0 | 0 | 24,034 | ||||||||||||
Nuveen NWQ Multi-Cap Value Fund | 3,555 | 0 | 0 | 3,555 | ||||||||||||
Nuveen NWQ Small-Cap Value Fund | 3,555 | 0 | 0 | 3,555 | ||||||||||||
Nuveen NWQ Large-Cap Value Fund | 2,970 | 0 | 0 | 2,970 | ||||||||||||
Nuveen NWQ Small/Mid-Cap Value Fund | 3,555 | 0 | 0 | 3,555 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 37,669 | $ | 0 | $ | 0 | $ | 37,669 |
“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 Trust
By (Signature and Title) | /s/ Christopher M. Rohrbacher | |
Christopher M. Rohrbacher | ||
Vice President and Secretary |
Date: September 4, 2020
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/ Greg A. Bottjer | |
Greg A. Bottjer | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: September 4, 2020
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: September 4, 2020